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This week Nikki is joining us from her
family cabin — which inspired a really
important topic that every
agent, especially in MN needs to understand heading into
the second half of summer.

Second home lending. And all the ways
it can go sideways if you do not know
what to watch for.

This week we are covering:
✅ Interest rate update — mid to upper
sixes and what is driving the
volatility right now
✅ Iran tensions oil prices and how
the bond market is responding
✅ ICE housing data — more buyers are
entering the market
✅ Second home vs investment property —
the distinction that could cost your
client thousands
✅ The 100 mile rule — what qualifies
as a second home and the Minnesota
lake property exception
✅ The three deal killers in cabin and
second home transactions — well water
septic and heat source
✅ The VRBO trap — why clients calling
an investment property a second home
is a costly mistake
✅ Minimum 10% down requirements and
what triggers investment property
classification

If you have clients looking at cabins
lake homes or second properties this
summer this episode is required watching
before you write that offer.

Need a Great Real Estate Coach and Mentor....
🔗 Book your FREE Discovery Call with Angie: https://calendly.com/angiegerber/real-estate-business-builder

📞 Connect with Nikki Erickson at Kevnik Mortgage:
📱 Call or Text: 952-484-1584
📧 Email: nikki@kevnikgroup.com
📘 Facebook | TikTok | Instagram:
@mortgagesfrommntoaz
🔗 Request Nikki's Renovation Loan PDF:
nikki@kevnikgroup.com

00:00 Introduction – Market Update July 21st
00:30 Interest Rate Update – Mid to Upper Sixes
& What Is Driving the Volatility
01:30 Iran Tensions Oil Prices & the Bond Market
02:30 Second Home Lending – What Every Agent
Needs to Know
03:00 The 100 Mile Rule – Second Home vs
Investment Property
04:00 Well Water Septic & Heat Source –
The Three Things That Can Kill Your Deal
05:00 Minimum 10% Down on Second Homes –
VRBO Trap Agents Need to Avoid
05:30 How to Reach Nikki Erickson at
Kevnik Mortgage

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Now's The Time - no matter where you are, where you have been, or your current results - By becoming more aware and following a process, you can have whatever it is you truly desire!

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With Gratitude -

Angie Gerber
angiegerber@gmail.com

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