Vacation home buying will never be the same. There's no other way to say that. The government is changing a policy so that buying a second home (aka VACATION HOME) is more difficult. What should you know about the new switch? LISTEN UP. The real estate game is changing - screw that - it already has and no-one is REALLY talking about it....until now. Real Estate of Tomorrow holds conversations on crucial topics needed to successfully navigate the shifting real estate industry. In this bi-weekly podcast we break down the massive shifts in real estate and tell you the specific steps you need to take to kick a$$ in the coming years, just like we are. We're your hosts, Edgardo Balentine and Scott DiGregorio, giving you the rundown on real estate from decades of experience and the new generation. Look, we hate to be the ones to tell you, but you need to rethink any vacation home plans. Fannie Mae and Freddie Mac (aka the government) plans to bump up interest rates. Bumping interest rates is directly related to the Loan Level Pricing Adjustments (LLPAs), which is everything that impacts your rate. The policy changes won't affect all areas in the country, but the areas it does impact are areas popular for vacation homes. Most real estate is being purchased by institutions (aka WALL STREET). The policy changes are meant to slow down institutions from buying up all the real estate, and help fix the inventory crisis in America. In REALITY, the restrictions aren't impacting the big players. It's only squeezing the MIDDLE CLASS. By the time this episode is out, the policy will be happening already. Today's episode is giving you the mindset of where to focus to keep your rapport with your clients. We're lenders and real estate professionals working together as a team to guide people from point A to point B. Our focus is on delivering what the client needs to know no matter what changes try to flip the market. What are you doing today to be relevant tomorrow? What are you doing today to be successful tomorrow? [email protected]  Hit us up. Time stamps: [00:36] - What's going on with vacation homes? [03:14] - This is not going to fix the inventory crisis in America. [05:49] - The rent price crisis is worse than the housing price crisis. [07:28] - Why should real estate agents care about these changes? [09:47] - Which numbers do you need to be familiar with for dealing with the policy change? [12:15] - Sit with your clients to go over their options. [13:52] - How can people build a real estate portfolio without a lot of capital? Find out in the NEXT EPISODE. Links: Real Estate of Tomorrow Edgardo Balentine  Scott DiGregorio

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