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KJCE 1370AM>Audio on Demand>>WorthPointe Wealth Watch Podcast 5/4/14

WorthPointe Wealth Watch Podcast 5/4/14

May 4, 2014|

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And for work quite well watch -- Christopher millions of partner and founder of worst point so we'll see. In the same sales -- disguised as financial advice. Financial plan. -- facts about and this day. Good afternoon Austin, Texas welcome to the work quite well -- we have an exciting show for you. Today as usual I'm joined in studio by Scott O'Brien and Morgan Smith my associates say hello gentlemen good afternoon and good afternoon Johnson and we have we have a high powered guests today this is local realtor and real estate expert Darren walker Taylor -- hey there everybody and thanks for having me. Darren really is this an outstanding realtor I think actually I just think on the way over here he sold all three of us are home to cut a couple of he goes this and how -- -- -- -- home from him when he first showed us -- bomb shelters that he's. -- -- -- -- We get into the box they'll do later anyway Darren is with moral Lyndon real estates. And property -- and -- -- properties. And let's get our -- probably director and company. And what we're gonna ask -- -- -- -- kind of give us an update on what he -- going on in the super hot -- real estate market and should share some insights with us on the industry but first are gonna start out a little news -- from Scott and I. Well you know we just went -- Tax freedom day didn't really guess. I don't think I did. Yeah. -- in November December beyond freedom and our -- -- is that what you're -- April 21. Under eleven days into the year. Christopher the rest of the money is all -- this really acting given inherent value there is -- but don't have a marginal tax rate though I'm pretty sure my tax freedom day is not April to anyone according to the interwebs. The rest of it is thought this and -- literally does know -- actually in Texas he was April 13 so we actually hit an extra week -- How that's true that's that's why we element here because of the state taxes don't come in the end -- the only guy here who stayed in the state the whole time is there and Tom Morgan just got here Scott move from Saint Louis Kansas City sorry can't see I was messed those up and clever country can. And I returned here from California to enjoy this -- economics from the bottom line is it doesn't matter where you from a -- on that -- Obama -- charge of quality. That's -- important with -- -- -- what -- -- -- -- -- -- -- -- get an extra -- and -- -- I've spoken -- Allison -- in our -- in California and Allison missed on the house is look at the blue cross -- they actually break out the obamacare feet so for everybody thinks that -- company insurance and it doesn't affect them blue cross is breaking out exactly for our employees it's a 193 a month -- month -- an assist -- not test turned that even -- Hashanah it's nice to be reminded. Anyway so Darren what are you tell us how you got into the real estate business how long you been doing it just can give us the update you tell a story everywhere aren't. Well let's say here gripping Austin been here practically my entire life that gave -- 45 years did have a truck series that's. But very young looking for a dynamic and you know we can get. I had a finance background -- coming out of college did investment banking and securities and handle investments for fifteen years that's coming up to a point. Where I was -- ready for change in wanted to use my finance mammogram in my experience of living in Austin and going up here to do help people mine sell homes and angry investments so that led me into working with -- properties at seven the real owner for eight years now. Who he's here on college season. After that. You definitely spicy. Yeah yeah yeah. So now what so what area of town do you work -- And generally central and west Austin all the like downtown cover everything from downtown to an -- 7017 it's important that -- -- -- -- -- you you know go all the way up to parliament for -- north of -- -- really a lot of money and business is governed west Austin Westlake hills -- -- thrown her way out way out to Lake Travis and all of a decent business -- South Boston. Well there isn't it's come from a financial planning perspective it's good to have a -- honest that for most of us and I would be one of them. My home is a significant portion of my network and -- the value of the home matters to me but also the impact that the choice I -- -- -- my -- -- -- lifestyle is huge you know and I used to I think in the old days I think I would say that your home is a cornerstone your financial -- and I still -- -- believe that's really important so come and ask Morgan and -- that kind of chime in with. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Electricity rates are going up and so forth all the people are migrating here -- over the country to take how many -- are looking for the best school district to put their families and put their kids to school land for what are the best schools -- success that those -- -- president really has bigger influence on non thousands of brand -- southern. Really are the two top school districts in Austin without question our teens I ST yes well as like Travis -- Where you have every school from elementary notary public her high school are exemplary rated -- do you see a significant bolstering over the steep prices and we're real courage Alter people's reach. Yes absolutely the school district is playing a big part of people's buying decisions -- -- -- -- especially when -- be consider the proximity of where -- -- -- -- to downtown Austin of -- Travis and it literally kind comes down to price point proximity to work accessibility is becoming a bigger issue for people with all the traffic that is coming in Austin so people are working downtown. Are gonna pay more to be closer ran and they're gonna pay more in the -- failed but the kids in the matter school districts. We're take a break -- -- second buses and we come back I'd like to talk about you know I think personally know you sold us three homes. And mom and then I know Craig one other person you sold on the move here from New York. Is everyone you're selling -- to dropping in from some other -- can answer that question we come back -- will take -- -- OK next. Between ramping government spending and uncertainty about our economic future most Texans are having doubts about their own financial future. Are you ready to take a serious look at your financial goals using the experience the only certified financial planner practitioner is it worth point. Would you like a second opinion under current advisor who may be selling you investments and insurance for commissions is it worth when he radioed I've come to make an appointment or call 888544776. -- That's worth -- point radio dot com 8885447760. Welcome back to work quite well why should giving you an unbiased people under the hood of wealth management investment and financial planning. Once again here's Christopher dance floor. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- There appear to be quick on the trigger you got to meet you need to be really quick on the trigger you need to have your -- -- -- -- -- -- him to have your financing in line you need to be ready to. Act the loss and need to be working with an experienced agent that season that knows the market -- area that you're most interested in and -- have their finger on the pulse of the market I would say that's number 12 only that per cent per couple who really needs to know. East and understand Austin they need to be forward thinking and looking at given the constraints that are being put on Austin a sparse traffic and so forth any distinct things somewhat strategically about how to get to point a to point B -- -- travel. Loop 360. Not a -- getting to and from downtown theater you can't count -- Italian with a cross town anymore and it's selling and continue to get worse -- Austin did not plan for the the growth that we're having sparsely highway infrastructure is concerned which is why I'm glad about that house with a helicopter parent. That's. -- -- -- you're -- -- you think five years from now there's a million miles today extended traffic finally getting better. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Yeah notebook gone back to earlier comment word you see that that borderline kind of between the outskirts the end in her -- you seem to have -- Austin we can think -- -- as far as. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Kyle Austin -- how do you know are dripping springs yet tell him more last time I open the -- -- the -- Austin as far as how southwest where I am this is 6171. That's to me where -- that draw a line and I would not be fun if you had to go from there to downtown. But as long as you don't have to do that I think that's that's OK but once you get out past 620 it's it's -- you crazy out there. Yeah next exam books if you haven't driven out 71 and to see the explosion local homes you should because Austin has really changed for. It's way tuchman roads -- -- my favorite road to drive just without incident every traffic emerged pleasant road has became -- didn't. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- before that big intersection nurse in question. Right now yeah you're right there so I know this is an intent of the upload -- but it but I wanna plug realtors. It is in general I used to kind of prove who the idea that -- -- added that much value and when I moved here I was looking for -- -- it wasn't nearly as -- a market isn't as it is now I had made an offer on the house and wasn't accepted and I ran into -- actually had an open -- and -- he said yeah and -- on rules that -- turns this college I said you know we really want this house -- run and it didn't -- in his bullets -- take another shot -- it so -- Darren wrote the new offer. For this guy and not only did ultimately do we come to agreement on price this Daryn agreed to go above and beyond the call with the the other realtor involved in the transaction but. I'm I'm such a nervous. Nellie thinks I'm I'm probably terrible -- Darren can tell you that's -- This deal would have blown up about five times in the process if -- hadn't been so good at calming me down and calm in the cellar down to common my wife down and it really is a tremendous talent to it not only is secure the deal that is get the offer that your clients making accepted. But to get the deal. Through to completion is tough and -- -- and this was three years ago I'm guessing in today's market where it's just. Frosty the value the realtor adds it's more than it was even then we should always have won a -- doesn't cost anything from. And lawyers say technically does them but we're you know that's a good point I've. I got a buddy of mine he's basically he was the wolf former Austrian you know he's one of those guys simply -- banks for example. Yeah actually he he virtual hold much of savings and loans down Houston during the eighties when then that increases but anyway as Dennis what do Juanita real estate agent goes yet. Did you gotta have one. Bit devalued its its got to make a deal the devil on that and that's his cynical way of putting -- but they actually create liquidity and you've got to do or not gonna do right. -- -- it's our risk management the anger a lot of things things go wrong in buying a house and sometimes sit there realtors make it look easy but that's because they're good at it I hate to say this but it's kind of like a financial advisor sometimes. It seems like you're advises not working that hard and that's probably because he's really good at what he does making the decisions in the process of wealth management happens it is not that easy. But anyway I won't put my own career. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- I mean right now it it is very difficult on the part. Buyers I think to this supply -- is there is or Lowe's supply now are right now. We have got doubled that I would send a looming and as we have to supply specifically seller's market it is a seller's market her when I moved here more years ago it was a -- When you lived here there was more free to choose from than you can probably you know -- -- look at right grass and that's why we got in such a great deal that happened and what about the city of Austin are they making it harder for builders and buyers as -- second have an effect impresses with regulatory issues and you know zoning and -- against -- Well yeah Austin after it absolutely one of the most strict environments. For development that you'll find anywhere in the country certainly tax rattles the rivals California. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- I hear this all the time people that moved here from other places and they fall -- Condo or house somewhere and they get into it and then. Then they start going to work or they don't have their job yet and their jobs in round rock and there in circle C homeowners there. -- it's killing me and so you know what I would say is if you don't know where you're gonna move. You should rent maybe. And if you don't know the city well maybe -- get a good realtor like guarantee you to help you think about what the commutes really going to be and where this stings that are going to be important to you about Austin are. Thought that was the most important reform Yemen when there when I was looking for -- my wife and I went beyond all the professional stuff and he's got a good smile and you know he's pretty picture. Pretty good yeah and serves -- mean Costello. Yeah good -- But you know you look for somebody's trust where there he knows their stuff and has good history. But for me it was like they -- I'm thinking about -- -- he had polygamy in Chicago but he sure -- that. And that's from Hammond and being in town and knowing that the town so much in a really save media I think a lot of heart and. Well that's one of the things I think when you talk about value in this market I see him all day long -- him all week I don't come to Ers keep it private Melissa private listings that nobody has seen and there's -- those types of things that we have to do to stay ahead of the curve and add value to our clients when you are out looking if I say something that isn't a wheel house of your price union meets is that the press parameters I don't think you have long knack to minutes idea and I think that's where -- matter you -- This is kind of touching on something that I I agree with personally I like a no BS -- exactly and they're not easy to find some make sure you find when both -- take a break now on the number and ask candidates talk about stuff. Pocket listings we come back because that's. An interesting topic. -- Ten. Between -- government spending and uncertainty about our economic future most Texans are having doubts about their own financial future. Are you ready to take this serious look at your financial goals using the experience the only certified financial planner practitioner is it worth -- point. Would you like a second opinion under current advisor who may be selling you investments and insurance for commissions visit worth when he radioed I've come to make an appointment or call 8885447760. That's worth -- radio dot com 8885447768. Welcome back to work quite well why should giving you an unbiased people under the hood of wealth management. Investment and financial planning. Once again here's Christopher fans. Welcome back us and we are in the final segment we're real pitcher Darren walker. And IE was gonna ask Darren about pocket -- -- -- your pocket listings because he referred to them. Obliquely and this is a part of the real estate business that fascinates me. But all good realtors have these pocket listings and we'll tell us what they are just -- populist thing is eight listening that is not on them alas that's not really publicly known about its private -- or not there is an underground. So to -- -- brokers where we share together listings that we have their -- over a million dollars. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Former high profile clients that are higher profile and they don't want the whole public come -- third some of them that are match higher dollar -- state science. Listings 510 million dollars. They don't want the whole world coming through there -- they don't wanna both open and happen at any time. Have been telling this analogy with the -- blues guys you do instead of having them there and listings in the back pocket that have little bottle of whiskey veteran. That's right has technology -- And and special soft as some realtors have those kind of -- those as well and only carry a little flash canary you know just to -- your afternoon no -- -- remains -- Not referring to guarantee. You know what they got like to talk of retirement now later but just taxes doesn't seem to me as I moved here. Having you know -- think from state income taxes but having the real estate taxes higher can you talk a little bit about the impact on the homeowner and whether or not you can reduce those and how. How do you make sure you're not getting overtaxed and what's appropriate here. Well obviously tax rates differ throughout Austin the can be as high as 3% you look at some areas that are incorporated in what's called a municipal utility -- which really surprised our minds blob that is happening out and like Travis Syria Barton creek as well other area person -- and -- Close to 3%. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Taxes every year that's 20% which will apply to that certain district taxing districts that are on your that come through me -- appraisal district and that's something that people definitely need them. Take advantage because it's. Doesn't take anything more than filing a form. Let's talk politics. I like politics. It. What are you referring to is sit Daryn is running for your City Council. For the city of Wesley kills -- voted for a myself yesterday it's been a very uninteresting and contested race and I just wanted to ask Darren none. The tells why is running. And a little bit about what he stands for you know anything else that he wants to share this about becoming a City Council member for Wesley abstract City Council city Wesley -- -- happy -- well let's say why am wearing well my family lived out west like hills in 1974 when I was the channel six years old. Not that pretty much been out west like kills my entire life my entire family lives out there my sister and another we've all got our our children. I'm I've got two kids that. Westlake high school so does my sister and I don't see myself leaving less like -- -- the natural surroundings and be the proximity to downtown Austin the privacy there just this is such a charming unique area of Austin to enjoy this beautiful city views. You're very close to like Austin you it's very diverse so I and that's why I've chosen to specialize in my my real estate career in and west Austin has lost. I'm really focusing on wants like when I can tell anyone I considered running for City Council I -- it really -- -- all searching Ellison never been someone who's been. You know run for office and -- for office I'm not fund mess nonpolitical person. That imaginable thing and I'm very apolitical if nothing else but what you're -- something you know I mean this is out of Carrick -- out of the pattern for your life we found out that you're running for offices and easy -- lot of hard work -- -- not everybody's happy with -- so what. The only truth so -- What what motivated you look what made you wanna put forth the effort because I know you were working really hard Dahlia well I think I can make a difference I've lived here a very long time and know the issues very intimately I've been watching Westlake as well Austin morale and evolve over the years and so I know some -- that a lot of the issues that we're dealing with going way back. Sure you are kind of the history Wesley -- and yet when people call me mr. Wesley. Kinda fun and why do. You ask me to yeah. Show in the senate but I. You have that's pretty -- -- me you know that's their producer ladies and gentlemen. Yeah -- I guess after the election we'll have you back on and you can tell us some funny election stories -- you probably don't wanna talk about it is now. I know that any campaign is just full of surprises and dust. Right this is -- you do you know it seems like I've lived in mostly for three net three years now there's usually go to the seeds aren't even contested usually people are just to. Slide right in their -- that is not the case of your race yeah there's only been four. Races I think -- like the last eight years where you've actually had a contested race Imus has done a few people I had a yeah who don't have an interest -- minutes pretty much just assigned about his -- City Council. So what we we came up with -- slogan first campaign well we were. Talked about the shareholders. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Look at -- anyway it was an we're about to have to conclude our show today we would like to mention that you gonna say it's got to guess where we are moving to Saturday. At 1 o'clock starting on May tenth so what does that your birthday -- that would be my -- all right so we are celebrating your birthday. -- what I -- myself by moving to 1 o'clock so on me to remember that we're moving from Sunday at 330 which we did show will air on Sunday at 3:30 PM bogus Hurst. But win or lose again have parties are just you know -- -- and when he gets the bomb shelter. There's -- remember that next week that is don't Saturdays at 1 o'clock this season. It.

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