Real Estate Agent Glennda Baker on Finding Deals in This Market, Why Divorce Can Leave You “House Poor,” and the $47 Trillion Reason You Can't Buy a Home Right Now
Descripción del Episodio
Glennda Baker has been a real estate broker for decades, built a massive social media following teaching everyday people how to buy and sell smart, and learned some of the biggest money lessons the hard way… including a divorce where her ex looked her in the face and called her a "cash cow." Today, she joins Nicole to share what she knows about protecting your wealth, winning in today's housing market, and building real estate into generational wealth.
Glennda gets raw about her own financial trauma: the manipulation she didn't see coming in her marriage, the moment she was evicted to a vacant rental with her son and hit rock bottom, and why she will never get married again. She explains exactly how divorce hits women differently than men, including a hidden math problem most people miss when splitting a house at today's interest rates. Then Nicole and Glennda get into the real estate playbook.
They fact-check the viral real estate advice flooding your feed, from writing letters to homeowners to get off-market deals, to using a HELOC for a down payment, to buying property through individual LLCs. Glennda also makes her case for why buying a house for your kid beats a 529, why private equity is keeping Bobby and Susie off the property ladder, and the one negotiation move every buyer should make at closing.
Check out Nicole's financial literacy course The Money School
Find a Financial Advisor or Financial Coach from Nicole's company Private Wealth Collective
Watch video clips from the pod on Money Rehab's Instagram and Nicole Lapin's Instagram
Follow Glennda on TikTok and Instagram
Here's what Nicole covers with Glennda:
00:00 Are You Ready for Some Money Rehab?
01:21 Glennda's Origin Story
03:33 Should You Put Your Spouse's Name on Your House?
06:22 Prenups, Postnups, and Why Everyone Already Has One
07:03 Why Glennda Will Never Get Married Again
08:11 How Divorce Hits Women Differently
09:29 The Hidden Math Problem When Splitting a House
11:43 Glennda’s Money Trauma
17:09 Buying a House Together: What Needs to Be in Writing
20:19 Trusts vs. Putting the House in Your Kid's Name
24:30 Why Glennda Would Rather Buy a House Than Fund a 529
26:35 Real Estate vs. the Stock Market
28:09 Glennda and Nicole Play TikTok Trend or Truth?
38:13 The $47 Trillion Boomer Equity Problem
40:02 The Starter Home Myth
42:00 What Budget Do You Actually Need?
48:52 How Private Equity Is Locking Out Everyday Buyers
52:43 A Hard Look at Affordability
55:00 The 7 Ds of Real Estate
59:33 Closing Cost Strategy
01:03:03 Glennda Baker's Tip You Can Take Straight to the Bank
All investing involves the risk of loss, including loss of principal. This podcast is for informational purposes only and does not constitute financial, investment, or legal advice. Always do your own research and consult a licensed financial advisor before making any financial decisions or investments.
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