In this episode of The Home Show, We discuss how the Tax Code and Real Estate can make you wealthy with Camari Ellis, a seasoned tax professional with over 30 years of experience. Mr. Ellis provides insights into the tax benefits of homeownership and shares practical advice on tax planning and financial education. The conversation revolves around whether buying a home to save on taxes is wise and how the tax code can help build generational wealth. We also explore how homeownership can provide stability and create lasting family memories. Lastly, we discuss the need for a collective approach to buying property and creating a solid money team for financial success.

00:00 Introduction and Welcome

00:00 Introducing the Guest: A Tax Professional

00:32 The Importance of Financial Education

01:47 The Power of Real Estate in Tax Planning

01:51 Understanding Tax Credits and Home Ownership

02:04 The Strategy of House Hacking

04:41 The Tax Benefits of Running a Business from Home

07:23 The Emotional Value of Home Ownership

08:29 The Importance of Buying a Home You Can Afford

09:31 Tax Benefits of Selling Your Home

09:59 The Reality of Real Estate Investments

10:03 The Importance of Location in Real Estate

10:03 The Power of Homeownership

10:54 The Risks of Overspending on a Home

11:36 Building Your Money Team

12:15 The Power of Insurance

13:05 The Impact of Student Loans on Homeownership

13:21 The Capital Gains from Home Appreciation

17:34 The Power of Multi-Generational Living

19:49 The Importance of Community in Homeownership

20:20 Closing Thoughts on Homeownership

Guest Information: 

Camari Ellis, EA

Website

Appointment

YouTube

NMLS: 180100 | 115140

#creditscore #creditrepair #firsttimehomebuyer

Hey there, it's Robert! In this video, I'll talk about FICO scores, including FICO Score 9, FICO Score 8, and Vantage Score 3.0. I'll show you how these models can give you different credit scores, especially when it comes to home loans. We'll dive into credit models like FICO Classic V5, FICO Classic V4, and FICO V2.

I'll stress the importance of keeping your revolving credit balances low and paying them off regularly. We'll also explore revolving lines of credit and using free tools to keep an eye on your credit. Plus, I'll explain how the statute of limitations on debt varies from state to state.

Remember, handling your credit wisely is crucial because it affects everything we do as Adults.

00:00 Intro

01:28 Understanding Credit Scores

04:44 The solution isn't more Debt

12:37 Free Credit Plan Review

17:12 How Long to Re-establish a credit history | FHA Loan

Data Sources:

- https://www.creditinfocenter.com/risk-factor-reason-codes-what-they-mean-on-your-credit-report/

- https://www.investopedia.com/fico-credit-scores-explained-5072985

- https://www.consumerfinance.gov/consumer-tools/credit-reports-and-scores/consumer-reporting-companies/companies-list/?page=1

- https://www.incharge.org/understanding-debt/credit-card/what-is-statute-of-limitations-all-50-states/

#creditscore #creditrepair #firsttimehomebuyer

NMLS 180100 | 1151140

Understanding the Importance of Estate Planning and Life Insurance: A Conversation with Marcus Castille

In this unique episode of the Home Show, the host dives into a critical aspect of homeownership - estate planning and life insurance, with special guest Marcus Castille. Mr. Castille shares insights from his professional perspective as a former educator turned full-time life insurance and investment advisor. The duo underscores the need for homeowners to protect their assets for themselves and future generations. Mr. Castille explains the insurance and investment options appropriate for different age and health scenarios. They also discuss common misconceptions surrounding life insurance and how to select the correct policy. The episode aims to educate listeners on communication, planning, and making informed life insurance and estate planning decisions.

Connect with Host:

• Schedule a Home Loan Consultation with Robert Today!
• Subscribe to our YouTube channel
• Apply with Robert

Connect with Guest:

Consult with Mr. Castille. Get a free copy of " I'm Dead Now What."

• Schedule a Consultation with Marcus

00:00 Introduction to the Importance of Life Insurance

00:32 Guest Introduction: Marcus Castille

01:37 Understanding the Importance of Insurance for Generational Wealth

03:54 The Role of Estate Planning in Wealth Transfer

04:58 The Importance of Normalizing Conversations about Money and Death

05:11 Understanding Different Types of Insurance Policies

07:56 The Power of Investing and the Importance of Early Insurance

10:33 Addressing Misconceptions about Life Insurance

11:06 Steps to Take When Seeking Life Insurance

11:43 Conclusion and Contact Information

11:55 Introduction

11:55 Drawing from Scriptures

NNLS 180100 | 1151140