Understanding Real Estate as an Investment with Kerry Trimble-Woehl & Corey Hunhoff
In this episode of Tips for Change, we sat down with two experts to discuss real estate as an investment. Kerry Trimble-Woehl, a Real Estate Agent at the MOVE Group, and Corey Hunhoff, a Mortgage/Business Services Officer at Voyage brought their unique perspectives to the conversation, covering everything from initial steps to long-term strategies. Whether you're dreaming of your first rental property or considering more complex ventures, this episode offers valuable insights into the dos and don'ts of investing in real estate and beyond.
Laying the Groundwork: Perspectives on Real Estate
The episode begins by exploring Kerry and Corey's journeys in the real estate sector. From Kerry's lifelong passion and family ties to Corey's transition from appraisal to lending, they shared what drew them to this dynamic field and how their paths intersected to help clients achieve their property goals.
Why Real Estate? Exploring the Investment Appeal
The discussion quickly turned to the core question: why is real estate such a compelling investment? Kerry and Corey highlight the multifaceted benefits, including the potential for appreciation, tax advantages, and the ability to build long-term wealth. They touched upon different investment approaches, from flipping to long-term holdings, and the unique advantages each offers.
Key Financial Steps Before Investing
Understanding the financial landscape is crucial before taking the plunge. Corey provided essential considerations for prospective investors, covering everything from credit scores and loan requirements to the importance of market research and having a financial safety net, offering practical advice for anyone evaluating their readiness to invest.
Building Success: Stories and Strategies
To illustrate the possibilities, Kerry and Corey share inspiring stories of individuals who started small and built significant real estate portfolios. They also delved into the concept of building equity and how strategic improvements and financial tools can help investors grow their assets over time.
Navigating the Market and Creative Opportunities
Kerry and Corey provide insight into the current real estate market in South Dakota and offer guidance for navigating competitive situations. Beyond traditional rentals, Kerry and Corey explore creative investment avenues like storage units and land development, showcasing the diverse opportunities available.
Financing Your Investment Journey
Corey shed light on the various financing options available for real estate investors through Voyage, emphasizing their commitment to understanding individual needs and finding tailored solutions to help members achieve their investment goals.
Essential Advice for Aspiring Investors
For those just starting out, Kerry and Corey offer invaluable advice, stressing the importance of a conservative approach, thorough research, and the courage to take that initial step. They underscored the collaborative role of realtors and lenders in guiding new investors toward success.
Ready to take the next step? Whether you're looking to finance your build or simply explore your options, Voyage is here to help. Visit our website to learn more about our mortgage solutions today!
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About Kerry Trimble-Woehl
Growing up in the Yankton area has made me appreciate everything it has to offer. By working with a real estate agent, you have access to experts in the real estate market who help you from start to finish. Whether you’re looking to sell your home or business, purchase a new home or investment property, I am here for you. I am ready to walk you through the process of buying or selling your home. I’ll save you valuable time and help you get the best possible price. I am eager to serve you.
I know this area inside and out! I understand what is important to my clients. Buying or selling a home is a major decision. Whether you are a first-time buyer, a seasoned investor, or selling your property, I have the resources, equipment, knowledge, and experience to assist you with all your real estate needs. I can take care of everything you need, from start to close.
About Corey Hunhoff
Corey brings over 13 years of experience in real estate and finance, having worked as a property appraiser before transitioning into the financial industry. After transferring from the University of Kansas, Corey earned a degree in finance from the University of South Dakota, providing a solid foundation for a successful career in financial services.
In addition to professional accomplishments, Corey is deeply committed to community involvement. He and his wife organize an annual charity golf tournament, and Corey actively supports Habitat for Humanity, a nonprofit focused on helping families build and improve their homes. These endeavors reflect his dedication to creating meaningful change both professionally and personally.
With a blend of industry expertise and a passion for giving back, Corey exemplifies a values-driven approach to making a lasting impact.
