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

Money Rehab with Nicole Lapin

Money News Network

Self-improvement, Business, Education

4.6 • 1.7K Ratings

🗓️ 11 May 2026

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

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Summary

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.

Transcript

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0:00.0	I'm about to head out on a trip for 10 whole days. I'm actually not going far from my home in L.A.
0:05.6	I wanted to minimize travel time and maximize leisure. I'm going to put the out of office up on my
0:11.1	inbox and retreat from the world to rest. I don't think I've ever gone away that long in my entire life.
0:18.2	Certainly not in the last 20 years. Honestly, it's a little scary. What will happen at work
0:23.9	if I'm not always in my inbox and working on deals? As you can tell, I have a lot of anxiety about going,
0:31.5	and guilt. One thing that helps me feel better about taking a break is that I know I can list my space on
0:38.6	Airbnb while I'm away. Instead of sitting empty, your space can generate some extra income
0:44.8	and help offset the cost of travel. It's a simple, practical way to make use of what you
0:51.0	already have. If you've got upcoming travel plans, it's the perfect opportunity
0:56.8	to list your space. And now hosting is easier than ever with Airbnb's co-host network. You can
1:05.2	hire a vetted local co-host to take care of the details for you. A co-host can create your listing, manage reservations,
1:14.6	handle guest communication, and even provide on-site support. So the stay runs smoothly even when
1:21.9	you're away. You get to share your space with someone traveling to your area while you're off
1:27.2	making memories
1:28.1	somewhere else. If you've considered hosting but need a little help, find a co-host at Airbnb.com
1:34.3	slash host. There's a moment every NFL fan lives for, when the whole team is locked in,
1:41.4	when the play unfolds exactly as it was drawn up, every single person on that
1:46.7	field showing up for each other at exactly the right time. And even for those of us who are very
1:53.5	off field, you know that moment, everything coming together all at once. Practice making progress. And the best part, nobody got there
2:04.1	alone. That's the feeling U.S. Bank smartly checking and savings was built around. Because your
2:10.6	financial life shouldn't be a juggling act, it should work like a team. Your checking and savings,
2:17.0	working in sync, tracking your spending,
	...

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