East Coast Investor Summit + Virtual Event

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We are back in the East Coast to connect with our readers. Realty411 will host an Investor Summit in the City of Brotherly Love to network and learn the latest REI strategies. Our last event united investors from across the nation and many Eastern states for a fantastic day of education and collaboration. In addition, a delicious catered breakfast and lunch will also be served.

Take advantage of our discount code: 411 — to receive a discount on tickets.
To learn more, CLICK HERE

Be Sure to Register, Educators Include:

Joseph V. Scorese, National Private Lender
Marco Kozlowski, Investor & Author
Jonah Dew, The Cash Compound
Randy Hughes, Mr. Land Trust
Paul Finck, The Maverick Millionaire
Eric Mauz, MB Capital Solutions
Michael Poggi, Investor and Author
Andrea Lane, Coast2Coast Turnkey

Linda Pliagas, Realty411.com
and More!


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Attention savvy real estate investors, it’s time for another educational and exciting Realty411 Virtual Investing Summit uniting readers for an amazing day of information and motivation.

Register for Our NEW Virtual Investing Summit on Friday, April 26th, from 9 AM to 2 PM PT (East coast time: 12 PM to 5 PM ET) and Saturday, April 27th, from 9 AM to 2 PM PT as well.

Guests can join Realty411’s complimentary VIRTUAL investing summit and learn from experts sharing important knowledge, strategies and insight.

Realty411 will virtually unite some of the most successful, knowledgeable and savvy investors in the REI (Real Estate Investing) industry to help our readers make educated and informed decisions.

Join us for an amazing day of real estate education. Every online event we produce is unique, be sure to reserve this day for REI learning at its best.


DOWNLOAD AND LEARN TODAY!


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Since 2007, Realty411.com has assisted top companies expand their visibility and grow their business. Contact us for a complimentary marketing session. Investors, do you have questions about real estate investing? Are you looking for a turnkey rental? Need a solid REI referral?Book a meeting with a Realty411 team member: CLICK HERE.

HOW CAN YOU BUY AN APARTMENT TO RENT OUT FOR PROFIT

By Joe Arias

Investing in apartments is one of the easiest and best ways to make money as a real estate investor. Apartments will always be in demand, especially as younger demographics continue to wait until later in life to buy homes. Aside from the regular maintenance, renting apartments for profit is a generally hands-off process, making it great for beginners just getting into real estate investing. In this article, we will share how you can buy an apartment to rent out for profit.


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Why You Should Buy an Apartment as an Investment

Before explaining how you can buy an apartment as a real estate investment, it’s important to address why you want to. When done correctly and knowledgeably, apartments can be a very profitable real estate investment strategy. With apartment investing, you have a guaranteed amount of money that you know will come in every single month. Many other real estate investing strategies do not have this reliable income stream. Apartments are also generally easy to maintain. As long as you are not investing in a large complex – which is not recommended for beginners – you will not need to rely on paying any management companies. Since demand is high for apartments, they are seen as low-risk investments, which is perfect for any beginner. It will be very easy for you to keep vacancy low and profit quickly.

How to Buy an Apartment for Real Estate Investing

There are many steps to buying an apartment for real estate investing. You will have to pick where it will be, find a good fit, conduct an analysis, look into options for financing, get it appraised, and then get tenants to start making an income from it. Below are the steps broken down into specifics to help you get started in apartment real estate investing.

Decide on a Location

The first step of buying an apartment is to decide where you will buy. There are important factors to consider: median home value, median age, unemployment rate, population growth, median salary, and job growth. All of these factors give you a little more insight into the area and the direction in which it is going. Areas with high job growth and low unemployment rates mean there are plenty of jobs. This, in turn, will lead to population growth and will result in more demand for apartments and eventually allow you to charge higher rates. Choose somewhere that is growing but not outright unaffordable for buying your first property.

Find Apartments for Sale

Once you have decided on a location, it is time to start looking for apartments for sale. At this point, you need to start considering what you are looking for in an apartment building. Consider things like the number of units, whether or not you will need to renovate, and home value. An apartment building may be a perfect fit with unit types, but it may not be the best option for your first investment property if it is pricey and will require work.

Perform a Property Analysis

Once you have narrowed down your search and found a few properties that you think could be a good fit, it’s time to perform a property analysis to understand further which property is the best option. Use the investment property calculator to get an idea of each property’s cap rate, positive cash flow, and cash on cash return. These numbers will let you know the property is a good investment or not.

Look Into Financing Options

Now that you have a better understanding of the costs of the apartments you are looking at and the return you expect to get, it’s time to look into your financing options. Most real estate investors do not have the capital on their first deal to buy it outright. Using financing will allow you to buy the property and use the income to pay it off quickly. You can either choose to finance through a traditional mortgage, a home equity loan, or private financing. Most beginners prefer to do a traditional mortgage for their first property, but you must do your research and find the financing option that works best for you. If you already have a home, you may be better off with the home equity loan.


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Get the Apartment Inspected and Appraised

Once you decide on the apartment you feel is the best investment, you need to have it professionally inspected and appraised. The inspection is essential to ensure you are not buying a property with any damage you were not aware of. Structural damage especially could be very costly. Your mortgage provider will require an appraisal to ensure the purchase price is similar to the appraised value.

Renting the Apartment

Once you have purchased the apartment, it’s time to rent it out and make some income. For the best results, you will want to invest in making any necessary home improvements and ensuring the apartments have a modern look with updated appliances and amenities. Make sure to screen all potential renters to lessen your chances of dealing with eviction or undesirable tenants. Hire an attorney when you first start off to deal with all of the legal aspects of renting out an apartment.

Summary

Learning how to buy an apartment is essential to a successful real estate investment strategy. It’s an excellent way for beginners to start making a reliable income from their investment properties. Apartments are generally very little work once they are purchased and are an easy way to make passive income.

For more tips on real estate investing, make sure to check out the rest of our articles.


Joe Arias and his partners have flipped hundreds of properties in the Southern California Region. He has developed cutting-edge systems to simplify and scale the entire remodel process that can easily be applied to flipping, rentals, wholesaling, and other passive income strategies. More recently, Joe founded a real estate investing education company called RealSuccess Investments, allowing him to share his tools and systems with hundreds of up-and-coming investors. 

RealSuccess is focused on education on flipping, rentals, passive income, and wholesaling.

Joe is also a best-selling author. He has written 4 books: Finding your RealSuccess, First Steps to Flipping, R stands for Rentals and Retirement, and Wholesaling Real Estate.

“I came from Argentina when I was 20, I am 40 years old now. I didn’t know anyone, I am CERO generation, usually people say, I am first or second generation but I was the one that crossed the border, no language, no friends, no family, no money, nothing, nada… If I can do it, anyone can.”

From a young latino immigrant  to a celebrated real estate investor, Joe is a true testament to hard work and discipline. As an investor, he has made it his mission to help others achieve financial freedom while enjoying living a life of passion, fulfillment, and empowerment.

RealSuccess Website

www.ourrealsuccess.com

Personal Instagram: 

https://www.instagram.com/joeariasinvestor/

Real Estate Investment- Instagram: 

Instagram: https://www.instagram.com/realsuccesseducation/

Video For Finding Money from All Day Training (10 Hour Seminar)

https://vimeo.com/manage/videos/528446162

1 Hour Webinar

https://vimeo.com/manage/videos/530996751

Amazon Book#1:

Amazon Book#2


Learn live and in real-time with Realty411. Be sure to register for our next virtual and in-person events. For all the details, please visit Realty411Expo.com or our Eventbrite landing page, CLICK HERE.

What Is Googlebot Google Search Central Documentation

Announcing the launch of an enhanced Google Chat

google chat bot ai

Google Bard does not have an official app as of Google I/O 2023 on May 10, 2023. However, you can access the official bard.google.com website in a web browser on your phone. Google Bard provides a simple google chat bot ai interface with a chat window and a place to type your prompts, just like ChatGPT or Bing’s AI Chat. You can also tap the microphone button to speak your question or instruction rather than typing it.

google chat bot ai

Even more nefarious, a perpetrator could “poison” an AI model during the training phase by introducing corrupt data. On the other hand, generative AI can enable attackers to commit new, more refined, and increasingly diabolical crimes. McAfee reported that this began immediately with CrowdStrike, as criminals seized the opportunity to release sophisticated phishing, https://chat.openai.com/ malware, and other fraudulent schemes. Generative AI holds the potential to significantly enhance cyber threat detection, containment, eradication, and recovery by advancing automation of those processes. It can also develop more sophisticated anti-fraud tools to detect anomalies in data and reduce false positives in anti-money laundering controls.

As expected, then, trying to extract factual information from Bard is hit-and-miss. It was also unable to correctly answer a tricky question about the maximum load capacity of a specific washing machine, instead inventing three different but incorrect answers. Repeating the query did retrieve the correct information, but users would be unable to know which was which without checking an authoritative source like the machine’s manual.

Google opens early access to its ChatGPT rival Bard — here are our first impressions

Gemini is also only available in English, though Google plans to roll out support for other languages soon. As with previous generative AI updates from Google, Gemini is also not available in the European Union—for now. This section reviews other ways the AI knowledge assistant

Chat app can be built.

ChatGPT vs. Microsoft Copilot vs. Gemini: Which is the best AI chatbot? – ZDNet

ChatGPT vs. Microsoft Copilot vs. Gemini: Which is the best AI chatbot?.

Posted: Tue, 13 Aug 2024 07:00:00 GMT [source]

You can foun additiona information about ai customer service and artificial intelligence and NLP. ZDNET has created a list of the best chatbots, all of which we have tested to identify the best tool for your requirements. In January 2023, OpenAI released a free tool to detect AI-generated text. Unfortunately, OpenAI’s classifier tool could only correctly identify 26% of AI-written text with a “likely AI-written” designation. Furthermore, it provided false positives 9% of the time, incorrectly identifying human-written work as AI-produced.

Without Guardrails, Generative AI Can Harm Education

This tutorial shows how to make a Google Chat app that answers

questions based on conversations in Chat spaces with generative

AI powered by Vertex AI with Gemini. The Chat app uses

the Google Workspace Events API plus Pub/Sub to recognize and answer questions

posted in Chat spaces in real time, even when it

isn’t mentioned. This first version of Gemini Advanced reflects our current advances in AI reasoning and will continue to improve.

google chat bot ai

Once you have access to Google Bard, you can visit the Google Bard website at bard.google.com to use it. You will have to sign in with the Google account that’s been given access to Google Bard. If Bard still doesn’t support your country, a VPN may let you get around this restriction, making your Google account appear to be located in a supported country like the US or the UK.

Short series app My Drama takes on Character.AI with its new AI companions

SCRAPI makes using DFCX easier, more friendly, and more pythonic for bot builders, developers, and maintainers. A must read for everyone who would like to quickly turn a one language Dialogflow CX agent into a multi language agent. / Sign up for Verge Deals to get deals on products we’ve tested sent to your inbox weekly. On Android, Gemini is a new kind of assistant that uses generative AI to collaborate with you and help you get things done. Bard is now known as Gemini, and we’re rolling out a mobile app and Gemini Advanced with Ultra 1.0. “Google Chat has closed the gap [with other messaging tools] and added so much more additional integration with the rest of Workspace” — Rhys Phillips, Change and Adoption Leader, Airbus.

In the next section, you’ll test your virtual agent and see how good it is at answering user questions about various products in the Google Store. Despite the premium-sounding name, the Gemini Pro update for Bard is free to use. With ChatGPT, you can access the older AI models for free as well, but you pay a monthly subscription to access the most recent model, GPT-4. Google teased that its further improved model, Gemini Ultra, may arrive in 2024, and could initially be available inside an upgraded chatbot called Bard Advanced. No subscription plan has been announced yet, but for comparison, a monthly subscription to ChatGPT Plus with GPT-4 costs $20.

In June, Gmail Q&A was rolled out to web users of Gmail who pay for Gemini or Google One AI Premium. These users pay roughly $20 a month for AI features like this, part of Google’s product and application layer around Gemini. In this codelab, you’ll learn how Dialogflow connects with Google Workspace APIs to create a fully functioning Appointment Scheduler with Google Calendar with dynamic responses in Google Chat. Microsoft’s Bing received plenty of negative attention when the chatbot was seen alternately insulting, gaslighting, and flirting with users, but these outbursts also endeared the bot to many.

Using Gemini inside of Bard is as simple as visiting the website in your browser and logging in. Google does not allow access to Bard if you are not willing to create an account. Users of Google Workspace accounts may need to switch over to their personal email account to try Gemini. Examples for chat prompts are a list of input-output pairs that demonstrate

exemplary model output for a given input. The following diagram shows the architecture of the Google Workspace and

Google Cloud resources used by the AI knowledge assistant

Chat app.

These new capabilities are fully integrated with Dialogflow so customers can add them to their existing agents, mixing fully deterministic and generative capabilities. There is no easy solution for cybersecurity in today’s rapidly evolving AI-based landscape. Drawing inspiration from brain architecture, neural networks in AI feature layered nodes that respond to inputs and generate outputs.

In addition to the new generative capabilities, we have also added prebuilt components to reduce the time and effort required to deploy common conversational AI tasks and vertical-specific use cases. These components provide out-of-the-box templates for virtual agents and integrations, including much-requested features for collecting Numerical and Credit Card CVV inputs. Now, you’ll create a new chat app for your virtual agent and configure it with a data source. The purpose of the agent that you’ll build is to assist customers who have questions about products in the Google Store. Conversation design is a fundamental discipline that lies at the heart of natural and intuitive conversations with users. Initially intended to help developers design actions on the Google Assistant, the conversation design process has become a de-facto framework at Google to create amazing conversational experiences regardless of channel and device.

Google also said you will be able to communicate with Bard in Japanese and Korean as well as English. For the future, Google said that soon, Google Bard will support 40 languages and that it would use Google’s Gemini model, which may be like

the upgrade from GPT 3.5 to GPT 4

was for ChatGPT. As of May 10, 2023, Google Bard no longer has a waitlist and is available in over 180 countries around the world, not just the US and UK. Google probably has a long way to go before Gemini has name recognition on par with ChatGPT.

Conversational AI on Gen App Builder unlocks generative AI-powered chatbots and virtual agents

For instance, researchers have enabled speech at conversational speeds for stroke victims using AI systems connected to brain activity recordings. Future applications may include businesses using non-invasive BCIs, like Cogwear, Emotiv, or Muse, to communicate with AI design software or swarms of autonomous agents, achieving a level of synchrony once deemed science fiction. In May 2024, however, OpenAI supercharged the free version of its chatbot with GPT-4o. The upgrade gave users GPT-4 level intelligence, the ability to get responses from the web, analyze data, chat about photos and documents, use GPTs, and access the GPT Store and Voice Mode. OpenAI launched a paid subscription version called ChatGPT Plus in February 2023, which guarantees users access to the company’s latest models, exclusive features, and updates. You’ll use the Vertex AI Conversation console and Dialogflow CX console to perform the remaining steps in this codelab to create, configure, and deploy a virtual agent that can handle questions and answers using a Data Store Agent.

This can be likened to advanced data transmission systems, where certain brain waves highlight unexpected stimuli for optimal processing. The synergy between RL and deep neural networks demonstrates human-like learning through iterative practice. An exemplar is Google’s AlphaZero, which refines its strategies by playing millions of self-iterated games, mirroring human learning through repeated experiences. Companies must consider how these AI-human dynamics could alter consumer behavior, potentially leading to dependency and trust that may undermine genuine human relationships and disrupt human agency. The world is on the verge of a profound transformation, driven by rapid advancements in Artificial Intelligence (AI), with a future where AI will not only excel at decoding language but also emotions. “In an evaluation, these generative agents produce believable individual and emergent social behaviors,” the team concluded.

Our editors thoroughly review and fact-check every article to ensure that our content meets the highest standards. If we have made an error or published misleading information, we will correct or clarify the article. If you see inaccuracies in our content, please report the mistake via this form. Googlebot can crawl the first 15MB of an HTML file or

supported text-based file. Each resource referenced in the HTML such as CSS and JavaScript is fetched separately, and

each fetch is bound by the same file size limit. After the first 15MB of the file, Googlebot

stops crawling and only sends the first 15MB of the file for indexing consideration.

You can opt out of it using your data for model training by clicking on the question mark in the bottom left-hand corner, Settings, and turning off “Improve the model for everyone.” If your main concern is privacy, OpenAI has implemented several options to give users peace of mind that their data will not be used to train models. If you are concerned about the moral and ethical problems, those are still being hotly debated. Now you know how to look into specific conversations in more detail and review other metrics related to your agent responses and customer interactions. Refer to the documentation for conversation history and conversation analytics for more information on evaluating performance and viewing metrics for your agent.

If that’s not feasible, you

can send a message to the Googlebot team

(however this solution is temporary). GRPC services or REST resources and methods

grant access to Chat spaces, space members, messages, message

reactions, message attachments, space events, and user read states. So how is the anticipated Gemini Ultra different from the currently available Gemini Pro model? According to Google, Ultra is its “most capable mode” and is designed to handle complex tasks across text, images, audio, video, and code. The smaller version of the AI model, fitted to work as part of smartphone features, is called Gemini Nano, and it’s available now in the Pixel 8 Pro for WhatsApp replies. Future releases are expected to include multimodal capabilities, where a chatbot processes multiple forms of input and produces outputs in different ways.

In addition, helpful new shortcuts, including a chronological home view, @mentions, and starred conversations will make it easier to stay on top of the flow of communication. Early next year, the home view will become smarter and more dynamic, with intelligent prioritization of your messages based on your communication patterns. With Duet AI in Chat as a real-time collaboration partner, you can get updates, insights, and proactive suggestions across your Google Workspace apps. We plan for Duet AI to answer complex queries by searching across your messages and files in Gmail and Drive, summarize documents shared in a space, and provide a recap of missed conversations.

Generative AI models are also subject to hallucinations, which can result in inaccurate responses. Users sometimes need to reword questions multiple times for ChatGPT to understand their intent. A bigger limitation is a lack of quality in responses, which can sometimes be plausible-sounding but are verbose or make no practical sense. Microsoft is a major investor in OpenAI thanks to multiyear, multi-billion dollar investments. Elon Musk was an investor when OpenAI was first founded in 2015 but has since completely severed ties with the startup and created his own AI chatbot, Grok.

Such technologies are increasingly employed in customer service chatbots and virtual assistants, enhancing user experience by making interactions feel more natural and responsive. Patients also report physician chatbots to be more empathetic than real physicians, suggesting AI may someday surpass humans in soft skills and emotional intelligence. In this course, learn to use additional features of Dialogflow ES for your virtual agent, create a Firestore instance to store customer data, and implement cloud functions that access the data. With the ability to read and write customer data, learner’s virtual agents are conversationally dynamic and able to defer contact center volume from human agents. You’ll be introduced to methods for testing your virtual agent and logs which can be useful for understanding issues that arise. Lastly, learn about connectivity protocols, APIs, and platforms for integrating your virtual agent with services already established for your business.

The best way to verify that a request actually

comes from Googlebot is to

use a reverse DNS lookup

on the source IP of the request, or to match the source IP against the

Googlebot IP ranges. Space events represent changes to a space or its

child resources, including its members, messages, and reactions. Now that you’ve tested your agent and are happy with its current level of functionality, you can add a phone gateway to your bot, which will make use of the Speech-to-Text and Text-to-Speech capabilities in Google Cloud.

Satisfied that the Pixel 7 Pro is a compelling upgrade, the shopper next asks about the trade-in value of their current device. Switching back  to responses grounded in the website content, the assistant answers with interactive visual inputs to help the user assess how the condition of their current phone could influence trade-in value. At the corporate level, companies need hundreds of thousands more cybersecurity experts to secure their systems. To meet the demands for human expertise, cybersecurity education should be provided at four-year colleges, community colleges, vocational school, and even K-12.

Google’s AI chatbot is coming to your Gmail inbox on Android – Tech Edition

Google’s AI chatbot is coming to your Gmail inbox on Android.

Posted: Fri, 30 Aug 2024 11:38:30 GMT [source]

Earlier this year, we raised the membership limit of spaces from 8,000 to 50,000. Spaces will support up to 500,000 members, so even the largest organizations can host their Chat GPT entire workforce in a single space (in private preview by end of the year). We’re also enabling message views to provide a snapshot of engagement in a given space.

Canva says its AI features are worth the 300 percent price increase

If your site is having trouble keeping up with Google’s crawling requests, you can

reduce the crawl rate. You can identify the subtype of Googlebot by looking at the

HTTP user-agent request header

in the request. However, both crawler types obey the same product token (user agent token) in

robots.txt, and so you cannot selectively target either Googlebot Smartphone or Googlebot

Desktop using robots.txt. Members are users and Chat apps that have joined or are

invited to a space. Correctly answer three questions to earn a Build a custom, responsive chatbot in Google Cloud badge.

This book will explain how to get started with conversational AI using Google and how enterprise users can use Dialogflow as part of Google Cloud Platform. After answering a question about return policies, the assistant recognizes the shopper may be ready for a purchase and asks if it should generate a shopping cart. The user confirms, and the site immediately navigates to a checkout process.

  • In addition, helpful new shortcuts, including a chronological home view, @mentions, and starred conversations will make it easier to stay on top of the flow of communication.
  • You can start an interactive session with your chatbot to see how it responds to various questions that a customer might ask.
  • Upon launching the prototype, users were given a waitlist to sign up for.
  • Once linked, parents will be alerted to their teen’s channel activity, including the number of uploads, subscriptions and comments.
  • The smaller version of the AI model, fitted to work as part of smartphone features, is called Gemini Nano, and it’s available now in the Pixel 8 Pro for WhatsApp replies.

Educating at the K-12 level is essential, given the extent of the potential for harm at all levels. Students can become versed in new technologies, learn not to trust everything they see on social media, and focus instead on critical thinking. As we move forward, it is a core business responsibility to shape a future that prioritizes people over profit, values over efficiency, and humanity over technology. Reinforcement Learning (RL) mirrors human cognitive processes by enabling AI systems to learn through environmental interaction, receiving feedback as rewards or penalties. This learning mechanism is akin to how humans adapt based on the outcomes of their actions.

We’ve been pleased to see the innovative results our customers have already achieved with pre-GA releases of Gen App Builder. For example, Orange France recently launched Orange Bot, a French-language generative AI-enabled chatbot. Embedded on their website, it uses the company’s support knowledge to independently generate precise and immediate responses to customer questions and serve as a conversational search engine and entry point to their “help and contact” website. The chatbot stems from a long-term business vision to transform the customer relationship, optimize management costs, and offer ever more helpful and user-friendly experiences.

google chat bot ai

Capabilities such as sharing Drive files and assigning Tasks directly in spaces, automatic muting of notifications during focus time, and using Chat in Gmail help reduce friction for Workspace customers. We’re also delivering a streamlined user experience to Chat, with updated color palette, typography, and visual styling based in Google’s Material 3 design language. To help you find the right conversation, we’re bringing direct messages and spaces together in a unified conversation list.

google chat bot ai

Keep up with the evolving future of work and collaboration with insights, trends, and product news. Suppose a shopper looking for a new phone visits a website that includes a chat assistant. The shopper begins by telling the assistant they’d like to upgrade to a new Google phone.

This is all part of Google’s paradigm shift away from search and toward AI chat. Instead of locating the original email through search, Gmail is pushing users to have an AI chatbot summarize the info they’re looking for. Today we’re launching Gemini Advanced — a new experience that gives you access to Ultra 1.0, our largest and most capable state-of-the-art AI model. In blind evaluations with our third-party raters, Gemini Advanced with Ultra 1.0 is now the most preferred chatbot compared to leading alternatives.

Machine Learning ML for Natural Language Processing NLP

What Are the Best Machine Learning Algorithms for NLP?

best nlp algorithms

And we’ve spent more than 15 years gathering data sets and experimenting with new algorithms. Gemini is a multimodal LLM developed by Google and competes with others’ state-of-the-art performance in 30 out of 32 benchmarks. Its capabilities include image, audio, video, and text understanding. They can process text input interleaved with audio and visual inputs and generate both text and image outputs.

Deep-learning models take as input a word embedding and, at each time state, return the probability distribution of the next word as the probability for every word in the dictionary. Pre-trained language models learn the structure of a particular language by processing a large corpus, such as Wikipedia. For instance, BERT has been fine-tuned for tasks ranging from fact-checking to writing headlines. Gradient boosting is an ensemble learning technique that builds models sequentially, with each new model correcting the errors of the previous ones. In NLP, gradient boosting is used for tasks such as text classification and ranking.

  • Mathematically, you can calculate the cosine similarity by taking the dot product between the embeddings and dividing it by the multiplication of the embeddings norms, as you can see in the image below.
  • Meanwhile Google Cloud’s Natural Language API allows users to extract entities from text, perform sentiment and syntactic analysis, and classify text into categories.
  • NLP algorithms use a variety of techniques, such as sentiment analysis, keyword extraction, knowledge graphs, word clouds, and text summarization, which we’ll discuss in the next section.
  • As with any AI technology, the effectiveness of sentiment analysis can be influenced by the quality of the data it’s trained on, including the need for it to be diverse and representative.
  • LSTMs have a memory cell that can maintain information over long periods, along with input, output, and forget gates that regulate the flow of information.

This emphasizes the level of difficulty involved in developing an intelligent language model. But while teaching machines how to understand written and spoken language is hard, it is the key to automating processes that are core to your business. However, these challenges are being tackled today with advancements in NLU, deep learning and community training data which create a window for algorithms to observe real-life text and speech and learn from it. Natural Language Processing (NLP) is the AI technology that enables machines to understand human speech in text or voice form in order to communicate with humans our own natural language. The global natural language processing (NLP) market was estimated at ~$5B in 2018 and is projected to reach ~$43B in 2025, increasing almost 8.5x in revenue.

Recurrent Neural Networks are a class of neural networks designed for sequence data, making them ideal for NLP tasks involving temporal dependencies, such as language modeling and machine translation. Hidden Markov Models (HMM) are statistical models used to represent systems that are assumed to be Markov processes with hidden states. In NLP, HMMs are commonly used for tasks like part-of-speech tagging and speech recognition. They model sequences of observable events that depend on internal factors, which are not directly observable. Lemmatization and stemming are techniques used to reduce words to their base or root form, which helps in normalizing text data.

Its ease of implementation and efficiency make it a popular choice for many NLP applications. These algorithms use dictionaries, grammars, and ontologies to process language. They are highly interpretable and can handle complex linguistic structures, but they require extensive manual effort to develop and maintain. Symbolic algorithms, also known as rule-based or knowledge-based algorithms, rely on predefined linguistic rules and knowledge representations. Data cleaning involves removing any irrelevant data or typo errors, converting all text to lowercase, and normalizing the language. This step might require some knowledge of common libraries in Python or packages in R.

It can be used in media monitoring, customer service, and market research. The goal of sentiment analysis is to determine whether a given piece of text (e.g., an article or review) is positive, negative or neutral in tone. This is often referred to as sentiment classification or opinion mining. The challenge is that the human speech mechanism is difficult to replicate using computers because of the complexity of the process. It involves several steps such as acoustic analysis, feature extraction and language modeling. Lastly, symbolic and machine learning can work together to ensure proper understanding of a passage.

Text summarization

This potential issue hinges on how the pairwise consistency test for ML-KEM is enforced. Although this scenario is possible, it’s unlikely and can generally be disregarded. AI Magazine connects the leading AI executives of the world’s largest brands. With our comprehensive approach, we strive to provide timely and valuable insights into best practices, fostering innovation and collaboration within the AI community. The Porter stemming algorithm dates from 1979, so it’s a little on the older side. The Snowball stemmer, which is also called Porter2, is an improvement on the original and is also available through NLTK, so you can use that one in your own projects.

  • They excel in capturing contextual nuances, which is vital for understanding the subtleties of human language.
  • Because more sentences are identical, and those sentences are identical to other sentences, a sentence is rated higher.
  • Knowledge graphs help define the concepts of a language as well as the relationships between those concepts so words can be understood in context.
  • However, the major downside of this algorithm is that it is partly dependent on complex feature engineering.
  • In signature verification, the function HintBitUnpack (Algorithm 21; previously Algorithm 15 in IPD) now includes a check for malformed hints.
  • This automatic translation could be particularly effective if you are working with an international client and have files that need to be translated into your native tongue.

The main job of these algorithms is to utilize different techniques to efficiently transform confusing or unstructured input into knowledgeable information that the machine can learn from. NLP is a dynamic technology that uses different methodologies to translate complex human language for machines. It mainly utilizes artificial intelligence to process and translate written or spoken words so they can be understood by computers.

What is Natural Language Processing (NLP)

You can refer to the list of algorithms we discussed earlier for more information. These are just among the many machine learning tools used by data scientists. There are various types of NLP algorithms, some of which extract only words and others which extract both words and phrases. There are also NLP algorithms that extract keywords based on the complete content of the texts, as well as algorithms that extract keywords based on the entire content of the texts. You can speak and write in English, Spanish, or Chinese as a human.

Here, I shall guide you on implementing generative text summarization using Hugging face . Next , you know that extractive summarization is based on identifying the significant words. This is where spacy has an upper hand, you can check the category of an entity through .ent_type attribute of token. Every token of a spacy model, has an attribute token.label_ which stores the category/ label of each entity. NER can be implemented through both nltk and spacy`.I will walk you through both the methods.

Statistical algorithms allow machines to read, understand, and derive meaning from human languages. Statistical NLP helps machines recognize patterns in large amounts of text. By finding these trends, a machine can develop its own understanding of human language.

Speech recognition converts spoken words into written or electronic text. Companies can use this to help improve customer service at call centers, dictate medical notes and much more. The 500 most used words in the English language have an average of 23 different meanings. At the moment NLP is battling to detect nuances in language meaning, whether due to lack of context, spelling errors or dialectal differences. Lemmatization resolves words to their dictionary form (known as lemma) for which it requires detailed dictionaries in which the algorithm can look into and link words to their corresponding lemmas.

This means that machines are able to understand the nuances and complexities of language. With this popular course by Udemy, you will not only learn about NLP with transformer models but also get the option to create fine-tuned transformer models. This course gives you complete coverage of NLP with its 11.5 hours of on-demand video and 5 articles. In addition, you will learn about vector-building techniques and preprocessing of text data for NLP. Azure Cognitive Service for Language offers conversational language understanding to enable users to build a component to be used in an end-to-end conversational application.

Different NLP algorithms can be used for text summarization, such as LexRank, TextRank, and Latent Semantic Analysis. To use LexRank as an example, this algorithm best nlp algorithms ranks sentences based on their similarity. Because more sentences are identical, and those sentences are identical to other sentences, a sentence is rated higher.

But “Muad’Dib” isn’t an accepted contraction like “It’s”, so it wasn’t read as two separate words and was left intact. OLMo is trained on the Dolma dataset developed by the same organization, which is also available for public use. You can foun additiona information about ai customer service and artificial intelligence and NLP. Vicuna achieves about 90% of ChatGPT’s Chat GPT quality, making it a competitive alternative. It is open-source, allowing the community to access, modify, and improve the model. For example, the words “running”, “runs” and “ran” are all forms of the word “run”, so “run” is the lemma of all the previous words.

Now,the content of the text-file is stored in the string robot_text. It is very easy, as it is already available as an attribute of token. Here, all words are reduced to ‘dance’ which is meaningful and just as required.It is highly preferred over stemming. In spaCy , the token object has an attribute .lemma_ which allows you to access the lemmatized version of that token.See below example. You can use is_stop to identify the stop words and remove them through below code..

But how would NLTK handle tagging the parts of speech in a text that is basically gibberish? Jabberwocky is a nonsense poem that doesn’t technically mean much but is still written in a way that can convey some kind of meaning to English speakers. So, ‘I’ and ‘not’ can be important parts of a sentence, but it depends on what you’re trying to learn from that sentence.

A technology must grasp not just grammatical rules, meaning, and context, but also colloquialisms, slang, and acronyms used in a language to interpret human speech. Natural language processing algorithms aid computers by emulating human language comprehension. NLP algorithms are ML-based algorithms or instructions that are used while processing natural languages. They are concerned with the development of protocols and models that enable a machine to interpret human languages. According to OpenAI, GPT-4 is a large multimodal model that, while less capable than humans in many real-world scenarios, exhibits human-level performance on various professional and academic benchmarks. It can be used for NLP tasks such as text classification, sentiment analysis, language translation, text generation, and question answering.

best nlp algorithms

Each node represents a feature, each branch represents a decision rule, and each leaf represents an outcome. In NLP, CNNs apply convolution operations to word embeddings, enabling the network to learn features like n-grams and phrases. Their ability to handle varying input sizes and focus on local interactions makes them powerful for text analysis. Unlike https://chat.openai.com/ simpler models, CRFs consider the entire sequence of words, making them effective in predicting labels with high accuracy. They are widely used in tasks where the relationship between output labels needs to be taken into account. TF-IDF is a statistical measure used to evaluate the importance of a word in a document relative to a collection of documents.

It has many applications in healthcare, customer service, banking, etc. Known for enabling its users to derive linguistics annotations for text, CoreNLP is an NLP tool that includes features such as token and sentence boundaries, parts of speech and numeric and time values. Created and maintained at Stanford University, it currently supports eight languages and uses pipelines to produce annotations from raw text by running NLP annotators on it. The program is written in Java, but users can interact while writing their code in Javascript, Python, or another language. It also works on Linux, macOS and Windows, making it very user-friendly.

You can use Counter to get the frequency of each token as shown below. If you provide a list to the Counter it returns a dictionary of all elements with their frequency as values. The most commonly used Lemmatization technique is through WordNetLemmatizer from nltk library. In this article, you will learn from the basic (and advanced) concepts of NLP to implement state of the art problems like Text Summarization, Classification, etc. Document research, report generation, and code migration, is here to streamline and accelerate your entire knowledge base operations. Sentiment analysis, also known as opinion mining, is a subfield of Natural Language Processing (NLP) that involves analyzing text to determine the sentiment behind it.

best nlp algorithms

Ready to learn more about NLP algorithms and how to get started with them? These were some of the top NLP approaches and algorithms that can play a decent role in the success of NLP. As the name implies, NLP approaches can assist in the summarization of big volumes of text. Text summarization is commonly utilized in situations such as news headlines and research studies. Emotion analysis is especially useful in circumstances where consumers offer their ideas and suggestions, such as consumer polls, ratings, and debates on social media.

You iterated over words_in_quote with a for loop and added all the words that weren’t stop words to filtered_list. You used .casefold() on word so you could ignore whether the letters in word were uppercase or lowercase. This is worth doing because stopwords.words(‘english’) includes only lowercase versions of stop words. See how “It’s” was split at the apostrophe to give you ‘It’ and “‘s”, but “Muad’Dib” was left whole? This happened because NLTK knows that ‘It’ and “‘s” (a contraction of “is”) are two distinct words, so it counted them separately.

For example, if we are performing a sentiment analysis we might throw our algorithm off track if we remove a stop word like “not”. Under these conditions, you might select a minimal stop word list and add additional terms depending on your specific objective. Random forest is a supervised learning algorithm that combines multiple decision trees to improve accuracy and avoid overfitting. This algorithm is particularly useful in the classification of large text datasets due to its ability to handle multiple features. It involves programming computers to process and analyze large amounts of natural language data.

A broader concern is that training large models produces substantial greenhouse gas emissions. Natural Language Processing is a branch of artificial intelligence that focuses on the interaction between computers and humans through natural language. The primary goal of NLP is to enable computers to understand, interpret, and generate human language in a valuable way. A knowledge graph is a key algorithm in helping machines understand the context and semantics of human language.

best nlp algorithms

Each tree in the forest is trained on a random subset of the data, and the final prediction is made by aggregating the predictions of all trees. This method reduces the risk of overfitting and increases model robustness, providing high accuracy and generalization. A decision tree splits the data into subsets based on the value of input features, creating a tree-like model of decisions.

#1. Data Science: Natural Language Processing in Python

From the output of above code, you can clearly see the names of people that appeared in the news. The below code demonstrates how to get a list of all the names in the news . Now that you have understood the base of NER, let me show you how it is useful in real life. Let us start with a simple example to understand how to implement NER with nltk . Let me show you an example of how to access the children of particular token.

On the contrary, this method highlights and “rewards” unique or rare terms considering all texts. It is a discipline that focuses on the interaction between data science and human language, and is scaling to lots of industries. Even as human, sometimes we find difficulties in interpreting each other’s sentences or correcting our text typos. NLP faces different challenges which make its applications prone to error and failure. Modern translation applications can leverage both rule-based and ML techniques. Rule-based techniques enable word-to-word translation much like a dictionary.

How To Paraphrase Text Using PEGASUS Transformer – AIM

How To Paraphrase Text Using PEGASUS Transformer.

Posted: Wed, 28 Feb 2024 08:00:00 GMT [source]

The drawback of these statistical methods is that they rely heavily on feature engineering which is very complex and time-consuming. To understand human speech, a technology must understand the grammatical rules, meaning, and context, as well as colloquialisms, slang, and acronyms used in a language. Natural language processing (NLP) algorithms support computers by simulating the human ability to understand language data, including unstructured text data. More simple methods of sentence completion would rely on supervised machine learning algorithms with extensive training datasets. However, these algorithms will predict completion words based solely on the training data which could be biased, incomplete, or topic-specific.

It made computer programs capable of understanding different human languages, whether the words are written or spoken. The expert.ai Platform leverages a hybrid approach to NLP that enables companies to address their language needs across all industries and use cases. Machine learning algorithms are mathematical and statistical methods that allow computer systems to learn autonomously and improve their ability to perform specific tasks. They are based on the identification of patterns and relationships in data and are widely used in a variety of fields, including machine translation, anonymization, or text classification in different domains. Natural Language Processing (NLP) focuses on the interaction between computers and human language.

Llama 3 (70 billion parameters) outperforms Gemma Gemma is a family of lightweight, state-of-the-art open models developed using the same research and technology that created the Gemini models. Named entity recognition/extraction aims to extract entities such as people, places, organizations from text. This is useful for applications such as information retrieval, question answering and summarization, among other areas. Knowledge graphs help define the concepts of a language as well as the relationships between those concepts so words can be understood in context. These explicit rules and connections enable you to build explainable AI models that offer both transparency and flexibility to change.

best nlp algorithms

Instead of using only the first 256 bits of the commitment hash, the entire commitment hash is now passed into the SampleInBall function. This change does not impact ML-DSA-44, as its commitment hash outputs 256 bits, but it does affect ML-DSA-65 and ML-DSA-87. Throughout this journey, DigiCert collaborated with a diverse group of industry leaders and academic institutions to tackle these challenges head-on. Our partners included Thales (formerly Gemalto), Utimaco, Microsoft Research, ISARA Corporation, the University of Illinois at Urbana-Champaign, and the University of Waterloo.

best nlp algorithms

Always look at the whole picture and test your model’s performance. Natural Language Processing (NLP) leverages machine learning (ML) in numerous ways to understand and manipulate human language. Initially, in NLP, raw text data undergoes preprocessing, where it’s broken down and structured through processes like tokenization and part-of-speech tagging. This is essential for machine learning (ML) algorithms, which thrive on structured data. Machine learning algorithms can range from simple rule-based systems that look for positive or negative keywords to advanced deep learning models that can understand context and subtle nuances in language. LSTM networks are a type of RNN designed to overcome the vanishing gradient problem, making them effective for learning long-term dependencies in sequence data.

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Tax Deeds & Tax Lien Sales Investing – Part 1

By Tamera Aragon

When homeowners fail to pay real estate (property) taxes, the government has the right to sell their property in a state “tax sale”. In a Tax Lien state, homeowners have an opportunity to pay back the amount owed within a specific time frame even after their property has been “sold” to an investor. The investor may be paid back with interest. Should homeowners miss the pay deadline, the investor becomes owner of the property at great savings. In a Tax Deed state, investors bid for immediate ownership of a property or are eligible for the deed and ownership of the property after a redemption period passes.

By law, Tax Deed sales must be announced to the public, and are usually sold to the highest bidder. The winning bidder purchases the deed to a piece of property, becoming the new owner and obtaining all rights to the property – clear of any mortgages, liens, deeds of trust, etc.

One interesting thing to note is very few people know much about Tax Deed sales. So, competition may not be as fierce in this niche as it is in others.

Why Is Tax Lien & Deeds a Good Investing Niche to Consider?

  1. Tax Deeds are sold in almost every state throughout the United States. 50 states are governed by state-mandated laws to protect & reward investors.
  2. You can pick Your Price. Research the list and pick ones out that are in your price range.
  3. You can obtain properties which allow for all types of exit strategies (flip, rent, or live).
  4. Investors & Banks have been using this strategy for over 150 years.
  5. The rules vary from state to state. In certain circumstances you can obtain an entire property for only the taxes and penalties owed. Generally, you will pay between 50 to 90 percent below market price.

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General Downsides of Investing in Tax Lien & Deeds Niche?

  1. Lacking Liquidity of Funds: In a Tax Deed transaction, you can have your money tied up for several years before you can sell the property, because title companies may not issue title insurance on the property until all liens are cleared, and it is obvious that clear title can be granted. This process will sometimes take more than a year. Fixing up and or remodeling properties to maximize your eventually sale can also take considerable time.
  2. Time and Complexity: Tax Deed laws vary from state to state and sometimes from county to county within a state. This requires a time commitment to learn the rules of a state and its counties, research properties and attend auctions. In addition title companies sometimes will not issue title insurance for at least the first year on any property bought at a Tax Deed sale. This means it could be hard to get a loan until it is clear.

Investing Risk: Purchasing property at a Tax Deed sale definitely has risks if you have not done extensive due diligence. You must do your homework, title searches, drive buy inspections, history reports etc. Once you buy a Tax Deed, you will own the property including all of it potential problems. The major thing to keep in mind is that at a Tax Deed sale, unlike a Tax Lien sale, you are buying the real estate and we believe that the required level of due diligence becomes extremely high. The other thing you want to know at a Tax Deed sale is if the property is being purchased free of all other liens and encumbrances. There are a number of states where this is true and a few where it is not true. You need to make sure that you get what you paid for. This requires knowledge of what the values are and what the potential hazard could be.

In summary, Real Estate tax sale laws vary from state to state, as do the redemption periods, and there are risks investors should be aware of in addition to the potential rewards of buying tax sale properties.

Pros and Cons of Tax Lien & Tax Deed Sales

TAX LIENS: A lien is a financial claim made against a property. A Tax Lien is a claim for unpaid property taxes issued by the local taxing authority. Failure to pay real estate taxes is one of the leading causes of distressed properties leading to home loss. Investors typically buy Tax Lien properties through an auction after a homeowner fails to heed warnings by the tax authority to pay property taxes. Most states allow homeowners to reclaim their property by paying off the debt in full by a certain date. This is called the “Redemption Period”. The redemption period offered varies from state to state. However, in some locations, investors may have to wait two full years before being paid back or gaining the deed for the property.

Tax Lien Pros

  • Possibility of good returns in interest (up to 24 percent in some states) paid by homeowners.
  • Possibility of owning property at a fraction of its true value.
  • Option to sell, rent or hold the property for additional profit once title is held.
  • Lower Investment Risk: If the homeowner doesn’t pay up, the tax purchaser is first in line to own the property. No tenants, banks or brokers to deal with.

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Tax Lien Cons

  • May Not Make Any Money: There is no guarantee the homeowner will pay off taxes and interest on the lien. The process of getting the deed at the end of the redemption period isn’t simple and may require a lawyer.
  • Required Capital: You must pay what is typically a large amount of cash for your bid at the tax sale. You definitely will need more capital to buy properties at Tax Deed sales. Although it varies from property to property, from county to county, and even from state to state, you will likely need a minimum of $5,000 to $10,000 to get started in Tax Deed investing. A good credit rating may also be necessary to sign finance contracts. Check local rules and regulation as well as the history of Tax Deed auctions in an area to get a feel for the capital you may need.
  • Uncertainty of property condition: With no prior home inspection, there is no guarantee of the property’s condition or value.
  • Property Owner may Be Foreclosed on: If you foreclose, you are stuck with the hassle of selling the property from which you may profit but on the other hand you may not recoup your initial investment.

TAX DEEDS: A Tax Deed is a legal document indicating ownership of property, also referred to as “title.”When the government intervenes to put properties delinquent in real estate tax payments up for auction, investors can pay the back taxes and own the property for well below market value. To locate and invest in Tax Deed sales, check local newspapers, local tax collectors or the Internet, where many websites post relevant information.

Tax Deed Pros

  • Quick and easier way to become a property owner.
  • Opportunity to acquire existing equity.
  • Opportunity to purchase property directly from the property owner at bargain-basement prices prior to a Tax Deed sale.

Fortunately, investors who sow the seeds of diligent research can reap the rich rewards of tax property sales. DUE DILIGENCE is required for Tax Lien and Tax Deed investing deals. This concludes my article on Investing in Tax Deeds and Tax Lien Sales – PART 1.

Please watch for my next investing article that will wrap up all you need to know to start investing in Tax Deeds and Tax Lien Sales – PART 2. I’ll be going over the steps real estate investors should take for Tax Lien and Tax Deed Investing deals.


Tamera Aragon

Tamera Aragon is a professional online entrepreneur and has bought and sold over 300 properties, establishing her as an expert in the real estate investing field. Since 2003, she has purchased over 10 million dollars in real estate and currently holds properties all over the world. Tamera’s focus is on the booming Foreclosure market, buying Pre-foreclosures, REOs and Short Sales. Tamera who is a noted Author, Success Trainer, Speaker & Coach, shows her passion for helping others with the 17 websites she has created and several specialized products to support fellow investors throughout the world. When Tamara is not busy running her website, she is very involved with her Fiji joint ventures and investments. Tamera Aragon is one of the few trainers and coaches who is really “doing it” successfully in today’s market. Tamera’s experience has earned her a solid reputation in the industry as well as the respect and friendship of many of the top national real estate investment and internet marketing experts. Tamera Aragon believes her success has garnered her the financial freedom to fully enjoy her marriage and spend quality time with her children.


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Inflation, Home Price Swings, and Wealth Distribution

By Rick Tobin

Between January 2020 and October 2021, the M1 money supply (cash or cash-like instruments) quickly rose from $4 trillion up to $20 trillion in just 22 months. Money velocity, or money creation speed, is the true root cause of rapidly declining purchasing power and skyrocketing inflation. The more money in circulation, the less purchasing power for the dollar.


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In January 2024, Americans were paying $213 per month more to purchase the same goods and services one year earlier in 2023 because of rising inflation and the declining purchasing power of the dollar. As compared with two years ago in 2022, Americans are paying $605 more per month. Sadly, we’re now paying $1,019 more PER MONTH ($12,228 more per year) today for the same goods and services we purchased three years ago in 2021.

Shipping, trucking, and other transportation costs are quickly rising amid geopolitical tensions. Historically, increasing transportation and energy costs are a root cause of inflation trends. Don’t be surprised if inflation rates and interest rates are both higher later this year instead of lower.

Home Value-to-Income Ratio in the U.S.

The U.S. home value-to-income ratio is calculated by dividing the $342,000 median home value by the $74,580 median household home, according to Economy Vision. If home prices had grown at the same rate as income since 2000, the median U.S. home would cost nearly $294,000, or 31% to 32% lower than today’s prices.

U.S. households need an average income of $166,600 to afford a home, but the median household income is $74,580. The lowest home price-to-income ratios in large metropolitan regions are in Pittsburgh (3.2x), Buffalo (3.5),and Cleveland (3.5), while many California regions are near 10 to 20x. Some smaller suburban or rural regions in Southern Illinois and other Midwest regions are closer to 1.5 to 1.8 for home price-to-income ratios.

Increasing Distressed Residential and Commercial Mortgage Numbers

Millions of Distressed Residential Mortgages

The federal government keeps extending the millions of distressed FHA and VA loans, or offering discounted loan modifications, partly so that they don’t push the national home listing supply skyward and reduce home prices at the same time.

The C-19 foreclosure or forbearance moratoriums for millions of FHA and VA borrowers began back in the fall of 2020. As a result, many of these home borrowers haven’t made a mortgage payment for more than three years.

The FHA forbearance moratoriums for FHA borrowers expired on November 30, 2023 while the VA forbearance moratoriums were extended until May 31, 2024. At some point, these loans will need to be brought back current, sold, or foreclosed.

In the previous housing crash that was especially bad during 2008 to 2012, only about 2% (or 1 in 50 mortgages) of all residential loans were delinquent. Yet, these distressed home mortgages became future lower value comps for the nearby homes while driving their prices downward too, sadly.

If and when the national home listing supply numbers rapidly increase this year, it will eventually have a negative impact on home price trends because it’s all supply-and-demand economics at the true core. When supply of a product or asset rises and exceeds buyer demand, then prices tend to fall (and vice versa).

Concerning Commercial Mortgage Trends

An estimated 44% of office buildings nationwide with mortgages in place are claimed to be upside-down with negative equity here near the start of 2024. Some office buildings are selling for as low as $9 per square foot, not $900/sq. Ft. By the end of 2024, the underwater office building numbers may be well over 50% and the overall underwater or upside-down numbers for all commercial property types may be somewhere within the 20% to 25% range.

Physical and Online Retail Store Numbers

  • In Q3 2023, the amount of U.S. retail space available for lease plunged to an all-time low since the CoStar commercial real estate group started tracking back in 2007.
  • The previous seven years in a row (2017 – 2023) shattered all-time retail space closings per square foot in U.S. history.
  • Through just September 2023, 73 million square feet of retail space closed in 2023, as per Coresight.
  • 140 million square feet of retail space has been demolished in the last decade, according to CoStar.
  • Top 6 online sales percentages in 2023: 1. Amazon (37.6%); 2. Walmart (6.4%); 3. Apple (3.6%); 4. eBay (3%); and 5. Target and Home Depot (a tie at 1.9% each), per Statista.
  • 10.4% of total annual U.S. retail sales were online in 2017;
  • 12.2% of total annual retail sales were online in 2018;
  • 13.8% of total annual retail sales were online in 2019;
  • 17.8% of total annual retail sales were ecommerce in 2020;
  • 18.9% of total annual retail sales were ecommerce in 2021; &
  • 18.9% of total retail sales were online in 2022, per Statista.
  • The full 2023 online year results weren’t published yet.

Record-High Car Payments

Some new monthly car payments are reaching $3,000 per month, while average new car payments are near $730 to $750 per month. Additionally, many monthly car insurance payments are reaching $400 to $500 per month in cities like Detroit and Philadelphia. How much are these car owners paying in gas and maintenance as well?

The national average cost for car insurance rose a whopping +26% from last year, according to Bankrate.

The most expensive cities for car insurance are:

Detroit – $5,687
Philadelphia – $4,753
Miami – $4,213
Tampa – $4,078
Las Vegas – $3,626

The cheapest cities are:

Seattle – $1,759
Portland – $1,976
Minneapolis – $2,044
Boston – $2,094
Washington D.C. – $2,430

The average car loan today is valued at 125% LTV (loan-to-value) for the typical car on the road with a loan with an average negative equity balance of -$6,000. This is partly because so many car buyers are purchasing cars with no money down and adding their registration, licensing, taxes, and warranty fees on top of it before driving off of the car lot. New cars usually drop in value about 20% in the very first year of purchase.


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Inflationary or Deflationary Economic Cycles

Inflation has been described as an increase in the general level of prices of a certain product in a specific type of currency. Inflation can be measured by taking a “basket of goods,” and then comparing them at different periods of time while adjusting the changes on an annualized basis.

General inflation measures the value of a currency within a certain nation’s borders, and refers to the rise in the general level of prices. Currency devaluation measures the value of currency fluctuations between different nations. Some related terms associated with inflation are as follows:

* Deflation is a rise in the purchasing power of money, and a corresponding lowering of prices for goods and services. The Fed doesn’t like this economic period of time and will probably cut short term rates to offset it.

* Disinflation refers to the slowing rate of inflation. The Fed may like this type of economic time period, and may stop raising rates at this point in the economic cycle.

* Reflation is the period of time when inflation begins after a long period of deflation. Depending upon the severity of inflation, the Fed may pause the rate hikes or gradually begin rate hikes.

* Hyperinflation is rapid inflation without any tendency toward equilibrium. It is inflation which compounds and produces even more inflation. It is when inflation is much greater than consumers’ demand for goods and services. The Fed, and the rest of America, do not typically like this economic period, so they may enact a series of significant rate hikes to slow inflation.

The Wealth Distribution Imbalance

Wealth distribution across the U.S. has become increasingly concentrated in the hands of fewer people since 1990. Overall, the top 10% of wealthiest Americans own more than the bottom 90% combined, with more than $95 trillion in wealth for the top 10%.

Here in 2024, the share of wealth held by the richest 0.1% is near its peak with a minimum of $38 million in wealth in just 131,000 households.

With $20 trillion in wealth, the top 0.1% earn an average of $3.3 million in income each year. The greatest share of the wealth owned by the top 0.1% is held in corporate equities or stocks and in mutual funds, which make up over one-third of their total assets.

Households in the lower-middle and middle classes as found in the 50% to 90% income and asset brackets are claimed to have a minimum of $165,000 in wealth held primarily in real estate and followed by pension and retirement benefits.

Unless you’re in the Top 0.1%, the odds are quite high that the bulk of your wealth is concentrated in real estate if you’re fortunate enough to own at least one property today. In our next meeting, we will discuss how to find discounted real estate and other investments and how insurance and estate planning can help protect your assets for you and your family.

Extreme Rate Swings, Steady Home Gains

Between 2000 and 2023, the median U.S. home appreciated approximately 10.63% per year. By comparison, California homes rose 12.55% per year between 2000 and 2023.

Doubling Value Forecasts: The Rule of 72 is an investment formula used to estimate how long it may take for an asset to double in value using a projected annual rate of return (72/7 or 7% = 10+years).

A home purchased using the national average annual gain of 10.63% would double in value in just over 6.77 years if purchased this year (72/10.63 = 6.77 years). A California home would double in just 5.74 years (72/12.55) if these same average annual appreciation gains continued.

Home prices tend to go skyward following a Fed pivot when they start slashing rates. When will the Federal Reserve start cutting rates again? Let’s take a look at their calendar for 2024 two-day meeting dates: Jan. 30-31 (no rate change); March 19-20; April 30- May 1; June 11-12; July 30-31; Sept. 17-18; Nov. 6-7; & Dec. 17-18.

Inflation severely damages the purchasing power of the dollar while usually boosting real estate values. Because it’s more likely than not that inflation will continue rising above historical average trends, then real estate may be one of your best hedges against inflation as your wealth compounds and increases as well.

Rates may be lower, the same, or higher by the end of 2024, partly due to our volatile inflation movement and weakening dollar. However, there’s a tremendous upside for real estate investors if you’re willing to stay focused on the opportunities and not let the negative news scare you away.


Rick Tobin

Rick Tobin has worked in the real estate, financial, investment, and writing fields for the past 30+ years. He’s held eight (8) different real estate, securities, and mortgage brokerage licenses to date and is a graduate of the University of Southern California. He provides creative residential and commercial mortgage solutions for clients across the nation. He’s also written college textbooks and real estate licensing courses in most states for the two largest real estate publishers in the nation; the oldest real estate school in California; and the first online real estate school in California. Please visit his website at Realloans.com for financing options and his new investment group at So-Cal Real Estate Investors for more details. 


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Elevate Your Experience this Saturday

What Can You Expect from Realty411’s Investor Summit? 

Watch these videos below to find more information.

Elevate your experience at Realty411’s Investor Summit in Irvine, California, by upgrading to a VIP Guest. Our National Investor Summit is this Saturday, February, 24th, 2024. This event will unite investors from throughout California and the nation!

We are starting a 9 am with networking and a delicious breakfast for our VIP Guests. In addition, our VIP Guests will also enjoy lunch with additional networking opportunities with like-minded real estate investors. VIP Guests will also receive our latest publication.

Don’t forget to Elevate your Experience with a VIP TICKET today. Only a limited amount of VIP tickets remain at $47.

A variety of important subjects will be discussed at our upcoming conference, including: multifamily investing, land banking, industrial real estate, infinite banking, asset protection, real estate development, single-family investing, finance and private lending, lead generation for agents/brokers, out-of-state investing, probate investing, long-distance rentals, mindset for success, and so much more!

Be sure to connect in Southern California THIS SATURDAY, February 24th, 2024. Join us to learn and network with fantastic companies, such as:

Marco Kozlowski, Investor & Author
Marcella Silva, Dirt is Gold
Rusty Tweed, TFS Properties
Abbas M., Model Equity
Amanda Brown, MAG Capital Partners
Barry Duron, AltLender Mortgage
Jonah Dew, The Cash Compound
Jeremy Rubin, The Friendly Flipper
Kaaren Hall, uDirect IRA Services
Kris Miller, Legacy Wealth Strategist
Paul Wilkins, Probate Expert / Investor
Anthony Patrick & Mindy, New Harvest Ventures
Eli Smushkovich, CV3 Financial Services
Linda Pliagas, Realty411.com
And More!


DOWNLOAD AND LEARN TODAY!

Maximizing Your Home’s Value: Top Interior Design Secrets for Resale Success

By Michael Alladawi

If you want to maximize your home’s value, a well-designed interior can make a huge difference. Whether you’re planning to sell or just increase its worth for the future, implementing key design strategies can pay off big time.

But before you dive into making changes, it’s crucial to understand what truly adds value. Not every design choice will significantly impact resale value, so it’s essential to focus on the areas potential buyers are interested in.

Use Energy-Saving Fixtures

As the issue of environmental concern grows and utility costs escalate, many buyers now consider energy efficiency as they look for a new home. By adding power-efficient features, you will be able to satisfy this need and improve your house’s value greatly.

There are many energy-saving appliances now available. Take LED lighting, for instance. The average energy saving through these devices has been noted as being up to 75% less than what amount is needed in standard incandescent lamps, and their life is much longer.

Apart from cost saving, these characteristics can also be a healthier and more environmentally balanced way of living. Smart thermostats, leak detection systems, and smart home systems often attract new buyers and are a good way to increase your home’s value.

Undertake a Kitchen Remodel Project

The kitchen is commonly referred to as the heart of any home. It is the place where food is cooked, and families sit together to enjoy each other’s company. This could make a modern kitchen a great selling feature.

Some of the most common updates that will make your kitchen look much better without breaking the beak include modern appliances, countertops, and cabinets. One of the most common improvements is stainless steel appliances, as they look great and last seemingly forever.


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Granite countertops or quartz countertops are also popular due to their high-end look and durability for regular usage. Adding cabinets to your kitchen also gives you more room for storage and keeps things organized.

But, when you do a kitchen remodel, the aesthetics must be balanced with practicality. If you have a kitchen with a beautiful but less-than-functional design, prospective buyers will be turned away. You can also consider introducing a practical layout, a generous amount of counter space, and easy-to-clean surfaces.

Replace Outdated Carpets and Rugs

Firstly, updating your rugs and carpets inside the house can make a great deal of difference in its overall aesthetics. For example, hardwood floors are what many homeowners turn to because they have a timeless appeal and a better wear and tear rate. They are easy to maintain, flexible, and can fit in nearly any interior design idea you might have.

Another great option is tile, especially when applied to rooms like the kitchen or in a bathroom remodel since they require water resistance. Tiles can also be a great decor solution, available in many colors, patterns, and textures.

The investment in new flooring may appear to be a larger expense initially. However, taking into account the possible return on investment, it can pay dividends in the long term, considering you’ll be less likely to need a flooring remodel in the future as well.

Remove and Restyle Outdated Popcorn Ceilings

Many homebuyers consider popcorn ceilings – which used to be a norm in homes constructed from the 1950s to the 1980s – outdated. From a design standpoint, popcorn ceilings can darken and date the look of any room they are found in. Plus, these textured ceiling coverings made with similarly textured materials may contain asbestos, which is now illegal to produce since 1977.

Removing popcorn ceilings and adding a more contemporary finish make your home look newer. The process includes removing the old texture, fixing any issues with the original surface if needed, and applying a new finish headboard or even just smooth plaster.

Redesigning your ceilings not only adds fresh style to your house but also allows you to improve lighting and insulation. Smooth surfaces reflect light better, which creates a brighter and more spacious room. In the meantime, if you replace insulation during repairs and remodeling, you may likely improve energy efficiency in the home.


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Maximize Practicality with Added Storage and Closet Spaces

Ample storage space is one thing that potential buyers may seek in a home. Insufficient storage can create the impression of a too-cluttered or small home, which is often a no for many buyers.

There are numerous creative designs for storage or closet spaces in underutilized areas. You can, for example, convert the area under staircases into a small closet or put shelves or custom cabinets in hallways or alcoves. For bedrooms, there could be a walk-in closet or bed frames with storage compartments.

These features not only provide you with additional space for storage in your home but also improve usability. The benefits of a well-organized home cannot be overemphasized since this type of environment attracts potential buyers who are willing to pay more in order to live in a more practical space.

Use Strategic Paint Choices

One of the simplest ways to transform and modernize a space is by giving it a fresh coat of paint. A relatively cheap renovation could help you greatly improve the attractiveness of your residence.

In the choice of paint colors, it is wise to go with neutral hues. Even though bold and bright colors can show your style, they may not be attractive to many buyers. Whites, greys, and beiges attract the largest spectrum of users – these colors are easier to match up with interior styles and furniture colors. They also create an illusion of larger and brighter spaces, which is more welcoming.

But neutral does not have to be boring. Make your interiors interesting using different shades and textures within the same color family. Additionally, saturation of the paint should also be considered. The most commonly used are satin and semi-gloss finishes since these alternatives are easier to maintain and last longer.

Get the Most Value Out of Your Renovations

Renovating your home can be exciting, but you shouldn’t forget that not all renovations will increase the value of the house. When planning a renovation, you should consider current trends while also looking at your budget. This could protect you from overspending on unnecessary improvements and also help you to identify which renovation techniques will give you the best return on investment.


MEET MICHAEL ALLADAWI

Michael Alladawi, CEO & Founder of Revive Real Estate, is a Southern California real estate veteran with a proven track record as a builder, investor, and respected home flipper. Michael created Revive Real Estate to share his industry knowledge and help homeowners maximize their profits when selling their homes. Michael’s passion for his work is as big as his desire to create lasting partnerships. For Michael, it all comes down to how much value one offers, both in business and life relationships.

Discover the Latest Insight, News and Investment Strategies at Realty411’s Investor Summit in the Central Coast of California

Investors, did you know that the Central Coast (Santa Maria / Santa Barbara) was recently named the #1 EMERGING MARKET in the entire United States? Yes, this is correct. We are sitting on a gold mine right here in the Central Coast.


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Join us for exciting news, insight and networking at Realty411’s new in-person investor summit in one of the most beautiful areas of California, the Central Coast. Our special one-day conference will host incredible educators from around the country, who are ready to share their valuable insight with our guests.

Guests will enjoy coffee, some breakfast treats, wonderful networking and MORE!

Now is the moment to grasp this opportunity — the chance to network with sophisticated investors from California and around the country. The event begins promptly at 9:00 AM.

Some of our top educators for the day include:

Jeremy Rubin, The Friendly Flipper
Rusty Tweed, TFS Properties
Paul Wilkins, Probate Real Estate Expert
Mario Estrada, Central Coast REIA
Linda Pliagas, Realty411.com
and more!


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Be sure to pencil this date now and join us in-person to gain specialized insight and knowledge. The information shared on this day could catapult your portfolio to new levels. Discover our new property portal, our VIP perks, plus connect with new and past industry resources.

This one-day conference has something for everyone regardless of their experience level in real estate. Join this memorable day and receive knowledge for a lifetime.

  • Learn from Leaders & Industry Pros
  • Meet Local PLUS Out-of-Area Investors
  • NON-Stop Tips for Real Estate Success
  • Bring Lots of Business Cards

BE SURE TO RSVP HERE:
https://www.eventbrite.com/e/767703691407?aff=oddtdtcreator


Learn live and in real-time with Realty411. Be sure to register for our next virtual and in-person events. For all the details, please visit Realty411Expo.com or our Eventbrite landing pageCLICK HERE.