Winning in Real Estate with Kelly Killoren Bensimon
Money Rehab with Nicole Lapin
Deep Dive
How did Kelly Killoren Bensimon start her career in real estate?
Kelly stumbled into real estate after her mother fell ill and asked her to help sell their family properties. She quickly obtained her real estate license and began managing sales, eventually closing $110 million in sales in 2021 alone.
What was Kelly Killoren Bensimon's biggest real estate deal in 2021?
Kelly's biggest deal in 2021 was selling the front house of 150 Charles in New York City for $42 million, all cash, during the COVID-19 pandemic when the market was down.
What advice does Kelly give for winning a bidding war in real estate?
Kelly advises having your financials in order and being ready to act immediately. For example, she mentions that her daughter had to provide first month's rent, earnest deposit, and other funds upfront without checks to secure an apartment still under construction.
Why does Kelly believe renting can be a better option than buying for some people?
Kelly argues that renting can be more financially sensible because, with a jumbo mortgage, most of the initial payments go toward interest, which is money you don't get back. Additionally, closing costs and other expenses make renting a viable alternative for those who don't want to tie up their money in a property.
What is Kelly Killoren Bensimon's stance on prenups?
Kelly believes prenups depend on the situation. While she didn't have one with her ex-husband, she acknowledges that prenups can be empowering for women to protect their assets, especially in cases where inheritance or significant wealth is involved.
What financial advice does Kelly give to her former self?
Kelly advises her former self to allocate money wisely: a little for herself, a little for taxes, and a little to save for the future. She emphasizes the importance of balance and planning for her daughters' futures.
Why does Kelly think many Real Housewives stars face financial troubles?
Kelly believes many Housewives live above their means, get caught up in the excitement of fame, and forget the importance of their personal stories. When the cameras stop rolling, the income dries up, leading to financial instability.
What is Kelly Killoren Bensimon's opinion on returning to Real Housewives of New York: Legacy?
Kelly is considering returning to the show, leaning more toward yes. She loves the brand and the women involved but emphasizes that everything has to align for her to commit.
- Started in real estate to help sell family properties
- Closed nine figures in sales in 2021
- Success is attributed to business background, lifestyle expertise, and strategic marketing
Shownotes Transcript