How Not To Pay Property Taxes As A US Veteran Homeowner – Manny Alfaro
On this episode of The Closing Table, we sat down with Manny Alfaro!
To watch the full episode, check it out on YouTube below. In the meantime, here’s a summary of the conversation…
Here’s what you missed from Manny Alfaro…
In the realm of real estate, Manny Alfaro is more than just a seasoned professional; he is a hardworking individual with a penchant for meticulousness that extends beyond his personal belongings to helping others navigate the intricacies of their situations. Outside the world of real estate, Manny finds solace in the comforts of home, cherishing moments with his girlfriend and indulging in the simple pleasure of watching movies.
As a real estate professional, Manny brings a wealth of experience to the table. Licensed for an impressive duration, Manny specializes in the Michigan market, focusing particularly on the Grand Haven area. His approach involves meeting clients’ needs while maintaining a realistic perspective, educating them about the real estate market, and keeping them well-informed.
In the Michigan market, Manny notes that houses priced below market value and in excellent condition tend to sell quickly. On the flip side, properties that struggle to find buyers are often either too large or situated far from amenities. Multi-family homes and commercial real estate face prolonged time on the market.
Manny’s encounter with a peculiar property exemplifies the diversity in his experiences. He recounts a tilted, worn-down house in the Muskegon Heights area, still listed for $50-60k despite structural damage. Astonishingly, the house, though leaning to the side, retained doors and windows and was located in a decent neighborhood with nearby amenities.
Beyond the uniqueness of properties, Manny acknowledges the challenges within the real estate industry. Educating individuals about the home buying process is a paramount concern, especially for first-time buyers who might feel overwhelmed by the complexity of paperwork and fees. The overabundance of information further exacerbates confusion, emphasizing the need for professional guidance to navigate the intricate landscape and avoid potential scams.
Manny’s commitment extends beyond professional transactions, as demonstrated by his involvement in helping family members buy and sell homes. Assisting his uncle in purchasing his grandfather’s home involved navigating a VA loan, proving familial relationships, and handling the necessary paperwork. Setting realistic time goals and staying vigilant against scams were crucial aspects of the process, reflecting Manny’s dedication to his family’s best interests.
For first-time homebuyers, Manny stresses the importance of education. Researching and comparing different types of loans, budgeting effectively, and understanding credit scores and debt-to-income ratios are crucial steps. Collaborating with a real estate agent and lender can provide invaluable guidance throughout the home buying journey.
Delving into available resources, Manny highlights grants and loans that can benefit homebuyers. The rural development grant, FHA loan, and conventional loans with low down payments present viable options. Manny advises prospective buyers to be aware of down payment and closing cost assistance programs, emphasizing that not all agents or lenders may mention them.
As a recommendation for understanding the housing market, Manny suggests watching “The Big Short.” This movie offers insights into how the housing market operates, making it a valuable resource for aspiring real estate agents or individuals contemplating a home purchase.
Check out Manny Alfaro:
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