Attention savvy real estate investors, it’s time for another educational and exciting Realty411 Virtual Investing MeetUp uniting readers for insightful information and motivation.
Be sure to register for our online event this Saturday, November 16th at 10 AM (Pacific Time — 1 PM Eastern Time). On this special session, we will learn from Influenced Living, a real estate investment, development, and education firm known for its dynamic approach to global property investment and investor empowerment.
Joining us for this online event is Nechelle Vanias, Chief Strategy Officer of Influenced Living. In her leadership role, Nechelle oversees strategic acquisitions and steers the firm’s flagship educational initiative, The GROW Collective.
A real estate investor since 2004, Nechelle was among the first to recognize Buffalo, NY, as a prime cash flow market, sharing her expertise with investors from Australia to California.
The GROW Collective was created to make Influenced Living’s deep expertise in real estate investment accessible to a wider audience, transforming traditional REI education through practical, results-driven programs.
Now, with Zillow naming Buffalo the hottest real estate market in 2024, Nechelle takes pride in seeing the area finally receive the recognition it deserves. Alongside her husband, she propelled their investment company into prominence, catching the attention of a former president who featured their story in his book, Think Big and Kick Ass: In Business and in Life.
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Is it better to let your money work hard for you or for you to work hard for your money? For most people, the answer would be that they’d want their money or investments to grow and compound each year so that the investor could enjoy life and travel or sleep more.
The Social Security Administration released their final wage statistics for employed workers across the nation for 2023. As per this latest published report for annual wages, the “median wage” in the U.S. was just $43,222.81. If true, this means that half of Americans made less than $43,222.81 in 2023 while the other half made more than this annual income amount.
“Based on data, about 67.6 percent of wage earners had net compensation less than or equal to the $63,932.64 raw average wage. By definition, 50 percent of wage earners had net compensation less than or equal to the median wage, which is estimated to be $43,222.81 for 2023.” – Social Security Administration
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Equity Gains and California Dreamin’
“If you don’t find a way to make money while you sleep, you will work until you die.” – Warren Buffett
Earlier this year in 2024, the average California home price statewide surpassed $900,000 for several consecutive months. This was more than double the national home price average closer to $428,000 that was reported for September 2024 by Redfin.
To simplify the math, let’s use the $900,000 California home value average and multiply this same home price number by the 6.77% average annual home appreciation percentage rate over the past 39 years.
$900,000 home value x 6.77% annual appreciation = $60,930 in potential future equity gains if future value percentage gains maintained the same 6.77% historical pace.
While there are no absolute guarantees for real estate and life, the fact that the average California homeowner might’ve collected more than $60,900 when they were literally sleeping part of the time is quite impressive. If so, this $60,930 annual equity gain was much higher than the $43,222.81 median wage income average for U.S. workers.
Whether the skies around you are blue or gray, it’s time to take more walks around your neighborhood to find the next great housing investment deal.
All the leaves are brown (all the leaves are brown) And the sky is gray (and the sky is gray) I’ve been for a walk (I’ve been for a walk) On a winter’s day (on a winter’s day) I’d be safe and warm (I’d be safe and warm) If I was in L.A. (if I was in L.A.) California dreamin’ (California dreamin’) Music video: California Dreamin’ by The Mamas & the Papas
Good or Bad Times in California
Is time the most valuable and precious commodity of them all? Life is too short for us all. Many people who invest in real estate, stocks, insurance vehicles, bonds, gold, silver, or other investments just want to create more free time to spend with their family and friends instead of being forced to work until they die.
The varying degrees of real estate wealth creation is directly affected by a few different things or factors such as location and time when the property was bought or sold. Since 1977, home appreciation in California has far surpassed the cost-of-living inflation increases two-thirds of the time.
Timing is key when you buy and sell your home for profits. For example, a California home purchased in 1990 and later sold in 2000 would’ve resulted in a net loss. Conversely, a home purchased in 1996 and sold 10 years later in 2006 near the peak of the last major housing bubble in both California and the nation would have resulted in a significant price gain.
Let’s take a look below at how statewide home values or median home sales prices either increased or decreased for a specific year in California:
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Between 2008 and 2012, California home prices fell to a still all-time state record loss of -41.7% from peak to trough. However, California home prices skyrocketed more than any other region in the entire 2010 decade, starting shortly after the housing market bottomed in 2012 or 2013, depending on the region.
There’s no other state in the nation that has experienced such extreme home price swings from low to high in a relatively short period of time than California, for better or worse. In spite of falling more than -41% within four years (2008 to 2012), California home prices still rose a net gain of 120% between 2010 and 2020, which was double the national average.
Life is Short, Invest Today
The sooner you start investing in real estate, the more likely it will compound and grow over time as the home value may double or triple while you pay down your mortgage debt until the home is later free and clear.
A few decades ago, it was much more common for young college graduates to marry and start having multiple children in their early to late 20s. Additionally, these same young families followed their heart and grabbed a piece of the American Dream by buying their first home.
In more recent years, housing has become so unaffordable and fewer people are choosing to marry or have children, partly due to how expensive it is to raise children these days, that the average first-time home buyer age and the overall age of all homebuyers nationwide have reached all-time record ages.
Between July 2023 and July 2024, the average age of first-time buyers rose from 35 to 38, and from 58 to 61 for repeat buyers.
The average age of all U.S. homebuyers reached an all-time record high of 56 years of age in 2024, according to the National Association of Realtors and Yahoo! Finance. By comparison just one year earlier in 2023, the average U.S. homebuyer age was seven years younger at 49.
Please note again that California home prices tend to be more than double the national average, so it can be more challenging to purchase here. Yet, rents are significantly higher here in our state too.
If you can set aside a few thousand dollars or more or have family members “gift” you some funds, you may still be able to purchase a home in California or across the nation that has a monthly mortgage payment similar to what rent is these days for many tenants.
The average age of a U.S. home seller in 2023 was 60. For many of these homeowners, they probably bought their home 30 years earlier at the age of 30 when they borrowed a 30-year mortgage.
Either way, your monthly housing payments will make someone wealthy over time whether you rent or own. Homeowners are 40 times wealthier on average than tenants as I’ve shared before in past articles.
It might as well be you who creates wealth while you sleep, so please create a plan and take action sooner rather than later as your future nest egg is depending on you.
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.
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 Realty411.com or our Eventbrite landing page, CLICK HERE.
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Real estate is one of the very few investment vehicles where you can force appreciation of your asset. Additionally, there are a variety of ways to force appreciation in real estate which makes this investment class the most flexible to leverage for investors. One way to increase real estate property value is through a change in land use.
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Land use refers to the assigned zoning of a piece of land for a particular type of real estate. There are several types of land use that are typically used to classify a piece of land. The most commonly familiar type of land use is residential and commercial. Additional land use types include recreational, transport, and agricultural. Land use is subject to change with proper approval by the municipality that the land falls under. The most common laws associated with changing land-use types are zoning laws. Zoning laws involve the regulation of the use and development of the real estate.
The purpose of zoning is to divide a municipality into residential, commercial, and industrial. Zoning regulations may include the specific requirements as to the type of buildings allowed, location of utility lines, restrictions on accessory buildings, building setbacks from the streets along with other boundaries, size and height of buildings, and several rooms. Now that you are familiar with the basics of land use type and zoning, it is time to understand how to increase real estate property value through a change of land use.
Plottage
Plottage refers to the increase in value realized by combining adjacent parcels of land into one larger parcel. The process of combining the parcels is known as assemblage. What occurs often is the value of the whole parcel will be greater than the sum of the individual parcels. This is a great strategy when you have the opportunity to purchase the surrounding parcels of land.
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Conversion
This strategy refers to taking an existing building or land and converting the asset for another use. An example of this is taking an old commercial warehouse and converting it into a 100 unit residential apartment complex. Oftentimes, the best approach is finding underperforming commercial assets in growing markets and renovating it for better use that will provide long term cash flow and appreciation.
Zoning
Great for expanding population markets. This method requires taking zoned land such as agriculture and having it changed to residential or commercial. Think about the land that is in the path of progress. Do you live near a town or city that is expanding outwards towards agricultural land? You can spot the progress years in advance and buy up the land and change the land use for that land which ultimately will help boost its value as land becomes more scarce with the growth of expansion by the city.
Real estate has many angles that you can play. Changing the land use of land that you purchase is a fantastic strategy for those interested in taking advantage of appreciation. There are endless opportunities in several growing markets.
Joe Arias
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.
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.
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Investing in rental properties is a great opportunity to establish an alternative source of income outside your main career. If done well, you can even retire early and live off your rental income. The key to investing in income properties is establishing strong criteria and understanding what to look for that would qualify a property as the right investment for you. By understanding exactly what to look for in the beginning, you can establish a strong filter when researching properties and only allow the ones that align with your investing strategy.
It’s important to establish the type of criteria you have for yourself. How much cash flow are you looking for a per deal? Some people live in markets where $200 per door is a healthy cash flow and is desirable. Other more expensive markets produce an average of $500 to $800 a door. Depending on how much cash flow you are interested in earning from a deal, further narrows the type of properties you will be buying.
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What price range can you afford? If you live in a state like California, an investment property may cost you upwards of $700,000 compared to states like Kentucky where a property may only cost $50,000. Budget what is possible for you. Some investors may house hack and leverage 5% down while others are forced to put 25% down. If you live in a market and know the prices, understand what type of financing you have accessibility to and what you can afford.
Are there certain specifications about the home that you prefer? Some investors do not want to purchase a home that may be 50 or 100 years old while other investors only look for those types of homes. Maybe you look for a certain bedroom count or amount of bathrooms. Some investors look for spaces that additional bathrooms or bathrooms can be added so a basement would be very beneficial.
Research different neighborhoods. Especially if you live in a large metropolitan area or city. Sometimes investing in one street and not the other can make a huge difference in the purchase price and potential rental comps. Schools may play a role as well. It is better to invest in a part of town with a good school district. People are willing to pay more for their kids to go to a good school.
The job market is critical when looking at the rental market. Are there enough employers in the area? There are markets across the country where the main employer in town is one factory and if they go out of business, so does the whole town. You want to make sure there are a large number of employers and companies in the area that can sustain a healthy job market.
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Overall, many different factors go into looking for income property. Each investor should develop their own criteria based on their situation and needs. By taking the time to assess what is important to you, you can make better decisions when refining your filter for different income properties that you search for.
Joe Arias
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.
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.
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As a real estate investor, especially a wholesale real estate investor, distress or abandoned properties are often the best homes to find under market value. Many of these homes, though, have owners who skipped town and are now just about impossible to find. Luckily, there’s a method for finding these homeowners called skip tracing. You can easily track down someone who has skipped town with no forwarding information through skip tracing as a real estate investor. Skip tracing will allow you to find the homeowner and move forward with a deal to purchase the property you’re after.
Quite a lot goes into skip tracing that you wouldn’t normally expect from real estate investors. You may have to do a little bit of digging to find the homeowner of the property you are looking to buy. Luckily there are tons of tools you can use to find someone who left absolutely zero breadcrumbs. Not only can you utilize search engines, but tons of websites have databases you can look through to find your person.
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What is Skip Tracing?
Essentially, skip tracing is the process of finding someone who has skipped town with little to no warning. They did not tell anyone where they were going and left no information on how to reach them. Despite this person leaving no trail, skip tracing is the process of searching for them or their contact information. To do this, one might hire a professional skip tracer or use their own savvy to try and locate them. There are quite a few tricks you can do on your own to find out where a person has gone even though they have not left any information. Many people utilize Google, social media, the post office, and other assets to find someone. This is considered skip tracing.
What are Skip Tracers?
There are professionals who are often private investigators, and they specialize in helping you find the owners of the properties who are incredibly hard to find. Many real estate investors hire the help of skip tracers to find the owners of properties they are interested in buying. These skip tracers typically start looking for a person by looking through public resources like utility bills, job applications, credit reports, DMV records, public property records, loan applications, background checks, and court records. They also carry out in-depth searches through multiple online databases that contain information not available to the public.
Although skip tracing costs money, it can be a huge benefit to any new or experienced real estate investor. Not many other real estate investors take the time or spend the money to hire skip tracers to find abandoned property owners. So, if there is a property owner who is extremely hard to find, you’re likely going to get to them first and have a better shot at buying the property. With competition for standard properties being high, using the method of skip tracing to beat competitors to vacant properties can be a massive advantage as you look to increase your portfolio and really start growing your wealth.
Why Do Investors Use Skip Tracing for Real Estate
As previously mentioned, abandoned homes can be really great for investors. The two investors who likely have the most interest in these homes are real estate wholesalers and real estate flippers. A wholesaler will offer the homebuyer an agreed-upon amount for the home, then they will find an interested buyer, likely another real estate investor, and connect the two. They will then make a profit based on a percentage of the final sale. While wholesalers are always on the lookout for houses that are under market value, it can be hard to get them against so much competition. When someone disappears and is hard to find, they significantly cut down the competition. Now, all the wholesaler has to do is find the homeowner and convince them to sell, and they have a profitable venture. Similarly, flippers are looking to buy homes like these because they have great potential to be repaired and sold for a large profit margin. Since all of the real estate flippers are after the same homes, finding properties like these can actually be a big break for some investors.
Is Skip Tracing Legal?
If you go through a professional skip tracer, the process is legal. Most states require skip tracers to be employed as independent private investigators who have a license with skip tracing certification options. States also have laws that dictate how you can use the information you got from skip tracing, which your skip tracer should expand upon based on your state. Make sure to only ever use a skip tracer who operates under all rules and regulations.
How to Use Skip Tracing for Real Estate
Skip tracing can actually be a very easy yet effective strategy to find property owners who have properties that are under market value. Essentially, you want to be able to find an alternate address for vacant property owners who are hard to find. From there, you’ll be able to contact them and see if they are willing to make a deal with you. Most people who have abandoned their properties are willing to accept fairly reasonable offers.
The hard part is that these property owners rarely leave details behind of their new address and contact information, so it’s almost impossible to find them once they’ve left. That’s why so many real estate investors either try their own hand in skip tracing or hire a professional.
One trick that many real estate investors try is using the United States Postal Service to get the property owner’s new address. What you do not want to do is walk into the post office and ask for their information. The post office is not obligated to provide you with their forwarding address. They are only allowed to give that information to law enforcement, licensed private investigators, or any other entity under court orders. So how do you get around this? All you have to do is send a letter addressed to the property owner at the address you wish to buy. Mail them a letter and on it, write “Do Not Forward – Return Service Requested.” Now that you wrote this, the post office will not be able to forward your letter to their new address and will have to return it to you. If they set up mail forwarding, you’re in luck! The letter will come back with a sticker on it detailing their new address. If it comes back with no address, that’s when you will have to look into skip tracing to find them.
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What to Try Before Hiring a Skip Tracer
If the post office trick didn’t work, your next step should be to use all of your resources before hiring and paying for a skip tracing service. Depending on what you need from the person, you may be able to do your own version of skip tracing and get what you need. For just an address or phone number, the internet may be your best tool.
Often information about someone can be found through a Google search, social media, or through the county assessor’s database. Many people even have their phone numbers linked to their Facebook profile without even knowing it. If they are the owner of a page or group, go into the info section and see if it has a contact email or phone number. Using social media, you may be able to look through their photos or connections’ photos and find out their new location. From there, do a Google search for their name and location and see if you can get an address or phone number. You may even be able to find them through a people search or a phone directory.
The following are a list of sites you can try to track down the property owner:
FindPeopleSearch.com
Pipl.com
TruePeopleSearch.com
PeopleSmart.com
PeekYou.com
YellowPages.com
AnyWho.com
TLO
Spokeo
Accurint
If you call a number and it’s not them, see if they have any connection to the person you’re looking for. You never know; sometimes, a dead end is just a redirection.
Hiring Skip Tracing for Real Estate Investments
Once you have exhausted your search to find the new address or phone number of the property owner on your own, you will have to look into skip tracing services.
Luckily there are plenty of skip tracing services to choose from. Speak with some of your real estate connections and see if anyone has had a good experience with a specific skip tracer. If you are unable to find a referral, do your own research. Read the reviews and make sure they look legitimate. Do not, no matter the price, hire a skip tracer who does not act ethically. It doesn’t matter how great the potential property investment is. It’s not worth breaking the law or involving yourself in sketchy practices.
Generally, skip tracing is not a very expensive service. Using a licensed investigator with skip tracing certification will only cost you around $25 per hour for their services. You could hire an unlicensed skip tracer for around $18 per hour, but it’s not worth the risk over such a small price difference.
What to Do If You Don’t Find the Owner
If you’ve exhausted all of your resources and you cannot find the owner of the property that you want to buy, just put this effort on pause. Move on to other projects and start looking for other properties that you find to be good investments. Add this property and any evidence you found into a spreadsheet where you can keep all skip tracing leads. After a few months, revisit your sheet and do a quick search on a few of the tools provided in this article. While there may not have been any information on the homeowner a few months ago, they may have down something to now appear in a search. Continue to do this every few months until either the property is sold, too run down, or you’ve moved on to different business ventures.
Summary
Skip tracing real estate is not for everyone. If you are a real estate investor looking to get into property management, you likely do not need to waste your time tracking down owners of abandoned homes. On the other hand, if you are someone who is just starting out in real estate, this might be a good thing to try. It could get you a step ahead of your competition, and you may be able to strike a really good deal with the homeowner, as they will likely be motivated to buy. If you are in the business of wholesaling or flipping homes, skip tracing is also something you may want to consider for your business. While it’s a lot more effort than other methods, it has a potentially great payoff if you succeed.
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.
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.
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By William Moore, AIA President, Portmanteau Partners, LLC
Workforce is a powerful word and something that companies and entire industries depend upon for their success and survival. Without a happy and highly functioning workforce, businesses would fail, and entire communities would collapse.
Because housing has become exponentially expensive, with no relief on the horizon, employers are increasingly searching for ways to leverage the power of their businesses to create housing at a rate that is attainable to their respective workforces. Increasingly, it’s critical for competitive companies and industry leaders to do all they can to provide their workforces with outstanding working conditions, including, a comfortable and affordable way of life.
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Nothing speaks more to a person’s contentment than having a place to call home. A relaxing and secure place to live is the foundation of anyone’s wellbeing. Companies that are attentive to this need and able and willing to provide conveniently located housing to their workers, will undoubtedly build a more efficient workforce leading to business stability, greater profits and a competitive edge.
Here are some of the important and sometimes mandatory considerations when it comes to designing and building quality workforce housing:
Design
It’s important to have an idea about what specific ‘work force’ the project will be serving. In the case of a corporate client, there is usually very specific information detailing the type of personnel they need to serve, as well as their income levels, familial status, lifestyles and personal needs.
For example, a multi-family project serving ski resort workers may be designed for a predominately twenty to forty-year-old, single-household demographic, whereas an agricultural or manufacturing facility may have more families with children. This demographic also determines the optimal site selection as it relates to recreation, religious centers, day-care, schools and other personal needs and conveniences.
Additionally, the target demographic would determine the unit mix of the project. For example, the family group would require more two and three-bedroom units whereas younger singles would be content with studios and one-bedroom units. The developer and partners also generally plan to hold the project for a longer period of time with operating expenses that may or may not be shouldered by the residents. This sets up a design challenge that is often different that traditional multi-family apartments projects where materials, equipment and energy-use decisions take on a heightened meaning.
Sensitivity and thoughtfulness around the community design is essential for the success of the project, as well. The recommendation is that the communities live on their own, with onsite or nearby amenities, design variation and aesthetic appeal. Commercial identity and branding associated with the company sponsor is eliminated, to avoid any feel of the historical, ‘company town’. The community as an autonomous, desirable ‘place’ supports the real estate value, and longevity of the project.
Municipal and Commercial Participation
The developer has a different primary stakeholder in this equation compared to traditional multi-family projects, providing a unique and incredible financial opportunity. Whether a municipal or industrial ‘partner’, the values of this new stakeholder are complementary to the Developer and are a welcome addition to the project equation. This new stakeholder also has a longer view of the outcome, desiring utility and service for decades, post-completion. A typical speculative project, in contrast, is required to meet a one-dimensional pro-forma with the singular goal of serving the highest-paying resident and doing so as efficiently as possible (i.e. as low as possible up-front cost). Both the developer and the equity investor of the typical spec’ multi-family project are often seeking to retire their position as quickly as possible.
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With the workforce project, often the industrial partner desires to control the project for as long as possible, gaining confidence in the knowledge of the quantity and status of housing it will have available, as the business needs grow.
What is compelling is that the demand side of the equation is also a participant in the financing component. The end user and their long-term goals are part of the industrial partner’s business model. Numerous avenues exist for these municipal and industrial partners to participate, and earn a favorable return on their investment, including:
1. Providing equity or lower-interest mezzanine loans, 2. Bringing some or all of the demand via various avenues, such as
a. Providing a rent credit to the employee for the subject property. b. Directing employees to the project leasing agent. c. Providing a rent guaranty to the Developer to assist in achieving favorable financing terms, in turn, lowering costs.
By supporting the financing of the project, employers generate a monetary (cash-on-cash) as well as a long-term growth return on their investment. Industrial and municipal investors gain the following:
1. Control of available housing for their employees. 2. Certainty of the quantity and types (for sale, for-rent) and program i.e.2-bedroom, 3-bedroom units, etc. 3. Certainty of the cost of housing at present and into the future. 4. Monetary return on the investment through cash-flows and/or at disposition.
Many decisions about workforce housing will depend on site selection, unit mix, rental and sales rates.
As an Investment
The investor who would realize the highest value in workforce housing is a company or municipality that will derive an economic benefit from a happy, stable and secure workforce. The investment will boost the company or municipality value, while simultaneously creating a measurable economic return on the monetary investment over time.
As suggested above, workforce housing is a longer-term investment and generally not designed for an immediate exit, although in certain environments (physical and monetary), it could be possible to sell the asset or position after stabilization.
Additional Considerations
It should be noted that large employers have some leverage with municipalities and can assist in securing things such as development impact fee reductions or offsets, utility connection cost reductions, and assistance with infrastructure engineering and costs.
Developers can operate a single, or multiple employers’ projects in a fund across several markets they may be operating in, creating a larger entity to create even further cost reductions in financing, administration, and execution costs. This format also renders the asset pool to be more stable and flexible as market performance fluctuates over time.
A content workforce is good for any company’s bottom line and few things contribute to this more than providing a happy place to call home.
William Moore, AIA, is President of Portmanteau Partners (www.portmanteaupartners.com), a firm specializing in the design and development of workforce housing. The firm is currently working on the $40 million workforce housing project for meatpacking giant Cargill, Inc. in Fort Morgan, Colorado.
https://www.realestateinvestormagazines.com/wp-content/uploads/2024/10/profitability.jpg4001000dulcehttp://www.realestateinvestormagazines.com/wp-content/uploads/2013/04/logo.pngdulce2024-10-10 02:32:462024-12-06 04:56:50The Power and Profitability of Workforce Housing
Please review this special invitation to our new webinar.
Are you interested in learning everything there is to know about Flipping Houses? If so, join us for our new educational webinar. Learn the ABC’s of Flipping Houses in California with expert real estate investors. Discover the ins and outs of flipping properties in the Golden State.
Whether you’re a beginner or a seasoned pro, this VIRTUAL event is packed with valuable tips and strategies to succeed in the real estate market.
Get ready to elevate your game and turn rehabs into riches!
Don’t miss out on this opportunity to level up your real estate game from the comfort of your home. On this online educational event, investors will learn how to turn rundown, ugly properties into profitable investments in California.
Not in California? Don’t worry, our educators have rehabbed properties throughout the nation! The information shared on this educational virtual event can be applied to real estate transactions across the country.
Don’t delay and register for this online event and make the commitment to your real estate investment education today. Learn more about our educator, Mr. Alton Jones, by reading his own words below.
Register today and a Zoom link will be sent via email.
About Our Educator – Mr. Alton Jones (Investor, eXp Realty Agent & Former Police Officer)
About Alton Jones – In His Own Words
“As the owner of Rehabs 2 Riches, I’ve spent my life making connections. Right out of high school, I joined the Los Angeles Police Department and became a police officer. During that time, I had a lot of interesting experiences, and I met a variety of fascinating people. Now, 30 years later, I’m still a reserve officer.
In 1996, I joined Primerica Financial Services and became a licensed life insurance agent, eventually rising to the position of Regional Vice-President. A few years later, things changed. I saw families and good people experiencing tough times due to a bad economy and a terrible real estate market. If things had been a little different, it could have been my family and I in the same situation. I knew I wanted to help somehow, to give back. That’s what motivated me to earn my real estate license and establish West Coast Home Buyers, LLC., purchasing and remodeling homes to make them affordable for local homebuyers.
Working alongside my mentor, the legendary Ron LeGrand, 14 years of real estate experience taught me two things. First, rehabbing homes is a way to help others, giving them a chance to buy beautiful and secure homes. Second, by working hard and working smart, rehabbing can be highly profitable. These lessons led me to develop Rehabs 2 Riches, a series of courses and books designed to teach anyone how to seize financial opportunity for themselves. I hope you can join me on this online educational webinar.”
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.
Licensed Agent in California DRE #01355569 The REAL Brokerage DRE #02022092
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When: September 28, 2024 @ 10:00 am – 2:00 pm Where: ONLINE Cost: Free Contact: Realty411.com 8056931497 Email Event website
THIS IS A DEEP DIVE SESSION — The online educational event is half a day and will go over everything you need to know to be a successful condo investor.
This training is free, we urge you to attend, even for a bit if you can to gain the knowledge and insight you’ll need to make money rehabbing and selling or holding real estate.
Wouldn’t you want to make those big profits from rehabbing, but don’t know anything about construction? Do you like the idea of passive income, but don’t like shoveling sidewalks and mowing lawns?
If so, be sure to join our next LIVE webinar this upcoming Saturday, September 28th, and learn why this is the best time to buy condos in today’s hot market!
Webinar: Condos — Your Way To Financial Freedom
Tired of being priced out of the market? So were we, until we began to invest in condos/townhouses and PUDs (planned unit developments). The entry point was so much easier that we are able to pay cash on many deals.
This real estate niche has truly worked for us and that’s why we’re so passionate about sharing information about these type of deals. In fact, we sought out the best Condo educator we could find to teach this lucrative niche to our readers and network members.
Our educator for this important webinar is Linda Baumgarten. She is the co-founder of CTREIA, the largest real estate association in New England, the author of two books, and one of the most experienced condo investors we know.
By accident, Linda’s first rehab (buy/hold) property was a condo. She rehabbed it in a couple of weeks, rented it for monthly positive cash flow, and then doubled her purchase price only 18 months later!
Since then, she has purchased condominiums in multiple geographic markets from low end to luxury units. More importantly, her students have found massive success buying condos with little to no experience.
Be sure to invest time in your REI education by attending this complimentary live webinar this coming Saturday, September 28th,10 AM Pacific Time / 1 PM Eastern Time.
Investors will learn:
How to buy a condo with little or none of your own money
Which condos NOT to buy
Case studies of a Rehab and a Buy/Hold Condo Deal that you can replicate
Multiple exit strategies: wholesale, rehab or buy/hold and even AirBNB
How to analyze a deal in 15 minutes or less
Please note this special webinar will not be recorded in its entirety. We want investors to be fully engaged in their education so be sure to join us live!
Once again, leading this online session is Linda Baumgarten, co-founder of CTREIA, the largest real estate association in New England. We hope you can join us this Saturday for a fantastic educational live webinar.
We are very excited to announce our 5th Annual Los Angeles Real Estate GRAND Expo. The GRAND Expo returns on Saturday, October 26, 2024, 9:00 am to 6:00 pm. We’re taking over the entire Iman Cultural Center for the day.
Last year, the GRAND Expo was the largest real estate event in Southern California! We had over 800 investors, 64 vendors, and 12 national speakers. This year will be even LARGER! An entire day celebrating real estate investing and you can be involved. Best of all, the GRAND Expo will be FREE to attend. This Expo is going to be grand, really GRAND!
SPEAKERS. There will be national guest speakers (in three breakout rooms). Here is a partial list of speakers:
1. Jonah Dew – “The Money Multiplier” 2. Eddie Speed – “Buying Discounted notes” 3. Steve Matley – “Syndication” 4. Joe Arias – “How to Get Started Investing” 5. Christopher Meza – “Developing Raw Land” 6. Tony Watson – “Tax Advantages for R.E. Investors” 7. Lauren Wells – “Passive Income Strategies” 8. Marco Kozlowski – “How to Buy Lots and Lots of Houses” 9. Amanda Brown – “Invest in Commercial Real Estate” 10. Ken Letourneau – “Tax Sales Master” 11. Arturo Olivas – “Create More Deals” 12. Steve Matley – “Do More Deals Bringing Partners together” 13. Tim Edenfield – “Top 5 Secrets to Out Of State Investing” 13. Rick Sharga (Keynote) – Real Estate Economist
INVESTMENT EDUCATION. Just think of it! An all-day in-depth educational extravaganza celebrating real estate investing. Most importantly, this will NOT be a sales pitch. Each of the speakers have contractually agreed to educate and teach us successful real estate investing strategies. So regardless of whether you are a new investor, already own properties, or are very experienced, our Grand Expo is for you.
COMPLIMENTARY PRIVATE CONSULTATIONS. As a special unique feature of our Grand Expo, you can sign-up for private half-hour consultations with your favorite guest speakers. Registration will occur Saturday morning, starting promptly at 8:00 am. First come – first serve. So come early and schedule your private consultations. A once in a lifetime opportunity to get free advice from national real estate experts!
VENDOR EXPO: Don’t miss our “Vendor Expo,” which will occur throughout the day in the North Hall. We’ll have 70+ vendors where you can “meet and greet” real estate professionals with services and products that you’ll want to utilize in your real estate investing. (If you have a product or service that would be valuable to real estate investors and would like to be a vendor, please contact us directly.)
FOOD TRUCKS. What would a Grand Expo be without food trucks? A day full of workshops, vendors, networking, and real estate investments demands sustenance, and we’ve got you covered. We’ll have 3-4 international food trucks in our central courtyard, plus a coffee wagon (for caffeine injections throughout the day).
DATE: Saturday, October 26, 2024, 9:00 am to 6:00 pm.
LOCATION: Iman Cultural Center, 3376 Motor Avenue (between Palms and National), Los Angeles, 90034.
FREE PARKING: Street parking (free and metered). There are also two FREE parking structures just two blocks away. The first structure is at the northeast corner of Motor and Palms. The second structure is at the northeast corner of Motor and National. From either parking lot it’s short two block walk to the Iman. Valet parking ($15) will also be available.
FREE ADMISSION: Admission to our Grand Expo will be COMPLIMENTARY (free!), but reservations are recommended.
PRODUCERS. The Grand Expo is joint presentation of the Los Angeles County Real Estate Investors Association, Sam’s Real Estate Club, Realty411.com, Women’s Real Estate Network (“WREN”), REI Wealth, and Greater LA-REIA.
https://www.realestateinvestormagazines.com/wp-content/uploads/2024/09/LA-Grand-Expo-featured-image.jpg4001000dulcehttp://www.realestateinvestormagazines.com/wp-content/uploads/2013/04/logo.pngdulce2024-09-17 05:36:572024-10-31 05:29:325th Annual Los Angeles Real Estate GRAND Expo
Please review this special invitation to our new webinar.
ONLINE EVENT FOR OUR INVESTORS: Make Money Flipping and Holding Condos/Townhouses/PUDs — Learn About this Niche
Do you want to make those big profits from rehabbing, but don’t know anything about construction? Do you like the idea of passive income, but don’t like shoveling sidewalks and mowing lawns?
If so, be sure to join our next LIVE webinar this upcoming Saturday, September 21st, and learn why this is the best time to buy condos in today’s hot market!
Webinar: Condos — Your Way To Financial Freedom
Tired of being priced out of the market? So were we, until we began to invest in condos/townhouses and PUDs (planned urban developments). The entry point was so much easier that we are able to pay cash on many deals.
This real estate niche has truly worked for us and that’s why we’re so passionate about sharing information about these type of deals. In fact, we sought out the best Condo educator we could find to teach this lucrative niche to our readers and network members.
Our educator for this important webinar is Linda Baumgarten. She is the co-founder of CTREIA, the largest real estate association in New England, the author of two books, and one of the most experienced condo investors we know.
By accident, Linda’s first rehab (buy/hold) property was a condo. She rehabbed it in a couple of weeks, rented it for $350 per month positive cash flow, and then doubled her purchase price only 18 months later!
Since then, she has purchased condominiums in multiple geographic markets from low end to luxury units. More importantly, her students have found massive success buying condos with little to no experience.
Be sure to invest time in your REI education by attending this complimentary live webinar this coming Saturday, September 21st,10 AM PT / 1 PM ET.
Investors will learn:
How to buy a condo with little or none of your own money
Which condos NOT to buy
Case studies of a Rehab and a Buy/Hold Condo Deal that you can replicate
Multiple exit strategies: wholesale, rehab or buy/hold and even AirBNB
How to analyze a deal in 15 minutes or less
Please note this special webinar will not be recorded in its entirety. We want investors to be fully engaged in their education so be sure to join us live! Once again, leading this online session is Linda Baumgarten, co-founder of CTREIA, the largest real estate association in New England.
We hope you can join us this Saturday for a fantastic educational live webinar. Be sure to register below.
https://www.realestateinvestormagazines.com/wp-content/uploads/2024/09/condo-webinar.jpg4001000dulcehttp://www.realestateinvestormagazines.com/wp-content/uploads/2013/04/logo.pngdulce2024-09-17 04:27:312024-10-31 05:29:39Live Webinar: Invest in Condos/Townhouses– Here’s Why
