Unlock the Power of Roth-IRA: Your Path to Multi-Millionaire Status

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By Kris Miller

Imagine a future where your hard-earned money not only grows steadily but multiplies exponentially, paving the way to a life of financial abundance. With Roth-IRA, this dream can become your reality. In this exciting and inspiring article, we will reveal the secrets to using your Roth-IRA to harness its remarkable potential for wealth creation. Get ready to embark on a journey towards becoming a multi-millionaire and securing your financial freedom.

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  1. The Magic of Compound Interest: Roth-IRA offers an incredible opportunity for wealth accumulation through the power of compound interest. With an impressive average growth rate of 14%, your money can double in just four years. By reinvesting your earnings, you unlock the potential for exponential wealth growth over time.
  2. Invest Strategically: To maximize the potential of your Roth-IRA, it’s crucial to invest strategically. Conduct thorough research, seek guidance from financial experts, and identify promising investment opportunities. Whether it’s stocks, bonds, real estate, or other assets, make informed choices that align with your financial goals and risk tolerance.
  3. Take Advantage of Tax Benefits: One of the key advantages of a Roth-IRA is the tax benefits it offers. Contributions are made with after-tax dollars, meaning you won’t be taxed on withdrawals in the future. This tax-efficient structure allows your investments to grow unhindered, ensuring more substantial returns over time.
  4. Plan for the Long Term: Building wealth with a Roth-IRA requires a long-term perspective. Resist the temptation to make impulsive decisions based on short-term market fluctuations. Stay focused on your financial goals, maintain a diversified portfolio, and be patient. Remember, true wealth is accumulated over time.
  5. Maximize Contributions: To fast-track your journey to multi-millionaire status, aim to contribute the maximum allowable amount to your Roth-IRA each year. By consistently maximizing your contributions, you take full advantage of the growth potential and maximize the tax benefits associated with these accounts.
  6. Seek Professional Guidance: Navigating the complexities of wealth creation requires expertise. Consider consulting with a financial advisor who specializes in retirement planning and Roth-IRAs. They can help you develop a tailored investment strategy, optimize your contributions, and ensure you’re on track to achieve your financial goals.
  7. Embrace Financial Education: Empower yourself with knowledge about personal finance, investment strategies, and retirement planning. Educate yourself through books, podcasts, seminars, and online resources. The more you understand about managing your finances, the better equipped you’ll be to make informed decisions and capitalize on the potential of your Roth-IRA.
  8. Stay Disciplined and Stay the Course: Wealth creation is a journey that requires discipline and perseverance. Stay committed to your long-term financial plan and resist the temptation to deviate from it. Be proactive in monitoring your investments, adjusting your strategy as needed, and staying the course, even during times of market volatility.

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With the remarkable potential of Roth-IRAs, you have the opportunity to transform your financial future and become a multi-millionaire. By harnessing the power of compound interest, strategic investing, and taking advantage of tax benefits, you can unlock the door to extraordinary wealth. Remember to plan for the long term, maximize your contributions, seek professional guidance, and continuously educate yourself. Embrace the journey towards financial freedom, and watch as your Roth-IRA propels you towards a life of abundance.

Kris Miller

Legacy Wealth Strategist
LDA Document Services
https://calendly.com/krismiller

Healthy Money Happy Life
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CA Insurance License OC25427 I am not an attorney. I can only provide self-help services at your specific direction. Should you need legal advice, you will need to consult an attorney. We do Estate Planning, Wills, Living Trusts, Power of Attorney, Health Care Directives and Deeds. Legal Document Assistant in Riverside County, California LDA #000041 Riverside County, expiring 10/15/2021

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The Lock-In Effect and Keys to Success

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By Rick Tobin

There sure seems to be more bad news than good news these days about the state of real estate. During turbulent times like we’ve all seen in recent years, the most common first human reaction is usually denial or acting somewhat like a locked up “prisoner” with a frozen “deer-in-the-headlights” look in our eyes. Yet, this is exactly when we should stay focused on the potential opportunities more so than the temporary obstacles standing in our way.

As foreclosure filings continue to increase to an average near 50% higher than the pre-pandemic years (2019 and earlier), struggling homeowners and landlords will need to focus on solutions such as loan modifications, forbearance agreements, short sales, and quick sales for cash. As an investor in the near future, you will likely find more deals readily available to choose from if you know where and how to look for them.

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Some metropolitan regions like Houston have 56% higher foreclosure rates. Other places like Minneapolis/St. Paul saw +106% foreclosure rates in March. Nashville was +35% higher and Phoenix + 33% higher in May; Rhode Island was up 32% in May.

During the depths of the Credit Crisis / Great Financial Recession years between 2008 and 2013, California was hit the hardest with a -41% home price drop average from peak to trough. Nevada, Arizona, and Florida weren’t too far behind.

Some California home prices have risen as much as +41% over a period of just 18 to 24 months in recent years, so an equivalent -41% price drop is easier to imagine as some values may drop back towards 2021 levels.

The typical home today is about $80,000 higher than it was just two years ago. The average monthly rent payment today is more than $1,000 higher than it was in 2020. Middle-income first-time buyers are unable to afford 70% of homes. As California unemployment rates continue to rise at a faster pace than most other states (Big Tech layoffs, especially), it will be more challenging to continue making mortgage payments.

Rental Market Trends

Today, there are 65% more active short-term rental listings on Airbnb and VRBO (965,000+) than all homes listed for sale nationally (554,000+), as per Realtor.com and other sources. At some point, the vacant short-term rentals will become listed homes for sale or distressed properties due to higher vacancy rates.

Ironically, the founders of Airbnb originally used air mattresses to cover their own San Francisco apartment unit’s rent. Eventually, air bubbles go pop one way or another.

Rent Increases

The following metro areas have experienced the greatest year-over-year rental price percentage increases through May 2023:
Providence-Warwick, RI-MA (+17.44 percent)
Kansas City, MO (+13.20 percent)
Minneapolis-St. Paul-Bloomington, MN-WI (+8.97 percent)
Raleigh-Cary, NC (+8.05 percent)
Charlotte-Concord-Gastonia, NC-SC (+7.65 percent)
San Jose-Sunnyvale-Santa Clara, CA (+7.59 percent)
Hartford-East Hartford-Middletown, CT (+7.47 percent)
Columbus, OH (+6.81 percent)
Los Angeles-Long Beach-Anaheim, CA (+6.20 percent)
Riverside-San Bernardino-Ontario, CA (+5.97 percent)

Rent Decreases

The following metro areas have experienced the largest year-over-year rental price percentage decreases through May 2023:
Austin-Round Rock-Georgetown, TX (-20.76 percent)
New Orleans-Metairie, LA (-20.42 percent)
Las Vegas-Henderson-Paradise, NV (-10.57 percent)
Houston-The Woodlands-Sugar Land, TX (-8.42 percent)
Seattle-Tacoma-Bellevue, WA (-8.28 percent)
Cincinnati, OH-KY-IN (-6.49 percent)
Phoenix-Mesa-Chandler, AZ (-6.46 percent)
Birmingham-Hoover, AL (-5.98 percent)
Memphis, TN-MS-AR (-4.85 percent)
Oklahoma City, OK (-4.44 percent)
Source: Rent.com

Multifamily Trends in Southern California

Sales and prices for multifamily apartment buildings have started to really fall in Los Angeles and other metropolitan regions across the nation. Specifically within Los Angeles, the number of units fell 11% in the first quarter of 2023 as compared with the previous fourth quarter in 2022. More shockingly, multifamily apartment building prices collapsed by -37.5% year-over-year as per a report shared by NAI Capital.

During the same first quarter time period, the average sales price per apartment unit dropped by 18.4%. One major factor for the falling price and sales volume numbers for Los Angeles County was directly related to the Measure ULA “mansion tax” that affected both luxury homes and commercial real estate properties priced above $5 million as of April 1st.

While $5 million may seem pricey for a luxury home in Los Angeles or elsewhere, the same $5 million dollar price tag for a rather small multifamily apartment building is much more common.

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Strangely, both vacancy rates and apartment rents continue to rise together at the same time in many parts of Los Angeles and elsewhere. Average rents rose to $2,156 per apartment unit in Los Angeles, a +1.9% year-over-year increase.

Some regions of Los Angeles had more negative rent, sales price, and vacancy trends. For example, the first quarter numbers for these Los Angeles multifamily submarkets were more negative than positive and were as follows:

  • San Fernando Valley and Santa Clarita Valley: The average multifamily sale price per unit fell by -35.9% year-over-year while the vacancy rates increased by +22%.
  • San Gabriel Valley: The average sales price per unit decreased by -20.3% while vacancy rates skyrocketed by +32.2%.
  • L.A. Westside: The average sales price per unit fell by -9.5% while vacancy rates increased by +10.7%.

Historically, rising vacancy rates and rental payment trends are usually inverse to one another like a seesaw with payments falling as vacancy rates rise. We shall see how long this trend lasts.

A very high number of landlords haven’t collected a rental payment for two or three years either, especially in Los Angeles County. When will the foreclosure and tenant eviction rates really begin to accelerate and adversely impact both tenants and landlords?

The Locked-In Homeowner and Unlocked Treasures

There are upwards of 16 to 20 million vacant or distressed properties across the nation. Additionally, there are millions of distressed FHA mortgages alone. Many homeowners haven’t made a mortgage payment for more than three years just like so many tenants.

Loan modifications, forbearance, and loan forgiveness plans continue at near record paces across the nation. Lenders are not filing foreclosure as aggressively as they would have in years past, partly due to ongoing pandemic restrictions in place. This is a major reason why the national home listing inventory supply is so low.

Another reason why there are so few homes listed for sale is because upwards of 92% of homeowners with a mortgage have an existing rate at or below 6%, as per a study released by Redfin. Let’s take a quick look below at the fixed rate estimates for homeowners as of the first quarter:

  • 91.8% of mortgaged homeowners have rates below 6%.
  • 82.4% of homeowners have rates below 5%.
  • 62% of homeowners have rates below 4%.
  • 23.5% of homeowners have rates below 3%.

It can be rather challenging for a homeowner to consider losing their 6%, 5%, 4%, 3%, or even 2% fixed rate mortgage with a 30-year term and move to another home with a rate closer to 7% or 8%. As a result, it’s referred to as the “lock-in effect” because so many homeowners don’t want to lose their near record rate locks.

The market may change for the better or worse later this year depending upon a few factors such as follows:

First, will future unemployment trends improve or get worse. A loss of income is generally the #1 reason why someone loses their home to foreclosure.

Second, will lenders and loan service companies start to file foreclosure notices at a much faster pace than in recent years?

Third, will tenant protections in place be eased up or tightened? Most landlords are small investors who may be fortunate to own just one or two rental properties. After months or years of no rent collected, the landlords may be at risk of losing their rentals and primary home to foreclosure.

Your key to future success that unlocks your potential as either a homeowner, investor, or tenant is to focus on the positives and negatives while minimizing your risk and maximizing your gains. With the right mindset and guidance, it will be akin to a literal key that unlocks a treasure chest!!!

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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7 Best Ways for Real Estate Investors to Work with a Real Estate Agent

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By Hugh Zaretsky

Real estate agents and brokers can play a crucial role in the success of your real estate investment business. Their knowledge, experience, and network can provide valuable insights and opportunities. As a seasoned real estate investor with over 17 years of experience, I have collaborated with numerous top real estate professionals to find good tenants and buyers for my properties using both traditional and creative financing strategies. As a former real estate continuing education instructor in California, Florida, New York, and Texas, I understand that some agents and brokers love working with investors, and some do NOT understand the investor mindset. That is why it is important to find the RIGHT real estate professionals to work with.

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My combination of practical experience and educational background allows me to appreciate the importance of a strong partnership between real estate investors and agents. The key is establishing an effective partnership requires clear communication and mutual understanding. In this article, I will share seven essential strategies for real estate investors to effectively collaborate with agents, backed by my personal and professional experience and insights.

  1. Define Your Investment Goals: Before engaging with a real estate agent, it’s important to define your investment goals. Are you looking for rental properties, fix-and-flip opportunities, or long-term investments? Communicate your objectives clearly to the agent, so they can align their efforts with your specific needs.
  2. Choose an Agent Specializing in Investment Properties: Real estate agents have diverse areas of expertise. When working with an agent as a real estate investor, seek someone who specializes in investment properties. These agents are more likely to have extensive knowledge of the local market, rental rates, property management, and can help identify potential investment opportunities.
  3. Build a Strong Relationship: Developing a strong relationship with your real estate agent is vital. Take the time to meet in person, have regular phone conversations, or use video conferencing to discuss your investment plans and objectives. By fostering a solid relationship, you will establish trust and ensure that your agent understands your preferences and criteria.
  4. Leverage their Local Market Knowledge: One of the primary advantages of working with a real estate agent is their in-depth knowledge of the local market. Capitalize on this expertise by relying on your agent’s insights into neighborhood trends, property values, and investment potential. Their market knowledge can help you make informed decisions and identify lucrative opportunities.
  5. Tap into their Network: Experienced real estate agents possess a wide network of professionals, including lenders, contractors, property inspectors, and property managers. Leverage their connections to gain access to reliable resources. These referrals can save you time and effort, providing you with a team of experts who can help streamline your investment process.
  6. Collaborate on Property Analysis: Working closely with your real estate agent, analyze potential investment properties together. Share your investment criteria, such as desired cash flow, return on investment, and risk tolerance. Utilize their expertise to evaluate the property’s value, marketability, and potential challenges. A collaborative approach ensures you make well-informed investment decisions.
  7. Stay Informed and Communicate Regularly: Maintain open lines of communication with your real estate agent. Regularly update them on any changes to your investment strategy, budget, or preferred property types. Similarly, stay informed about the local market conditions, property listings, and relevant regulations. This constant flow of information between you and your agent will help ensure you both stay on top of market opportunities.

BONUS – Expand Your Network: After 17 years of being an investor, I recently became an agent and joined one of the fastest growing real estate brokerages in the country. I have built a nationwide team of real estate agents and brokers that understand how to work with real estate investors, because, most of us are both agents or brokers and investors.

Are you a real estate professional and want to learn how to build a stronger working relationship with investors or become an investor yourself? If so, then reach out and I can show you how. (www.hughzaretsky.com or [email protected])

Are you a real estate agent and want to find good agents and brokers that understand real estate investors? If so, then reach out and I will connect you with one of my local team members. (www.hughzaretsky.com or [email protected])

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Based on my experience working with the RIGHT real estate agent or broker can be immensely beneficial for your real estate investing business. By clearly defining your investment goals, choosing the right agent, fostering a strong relationship, leveraging their local market knowledge, tapping into their network, collaborating on property analysis, and maintaining open communication, you can establish a successful partnership. Remember, a well-aligned collaboration between real estate investors and agents can unlock exciting investment opportunities and enhance your overall investment strategy.

By Hugh Zaretsky
Real Estate Investor, Agent, Speaker, Training and Amazon Best Selling Author in 4 Categories

www.hughzaretsky.com

www.thelaunchbutton.net

www.eframily.com

[email protected]

PH: 941-216-0225

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Are You Ready to Invest in a Volatile Real Estate Market?

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By Jimmy King, Founder, Contrarian RE Fund 1, LLC

The recent announcement by Blackstone the final close of its latest global real estate fund, Blackstone Real Estate Partners X (“BREP X”) with $30.4 billion of total capital commitments (the largest real estate or private equity drawdown fund ever raised), reflects confidence for investing in real estate during periods characterized by market volatility. In a news release announcing the fund, a Blackstone executive stated that the company has made some of their best investments in periods characterized by market volatility and dislocation.

The market is certainly volatile at this time, and plentiful opportunities exist to invest in distressed real estate.

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Being successful at these types of investments requires the ability to identify and acquire real estate properties that are being sold at steep discounts. Many of these opportunities exist in multifamily and manufactured home communities that are suddenly being made available for well under the original asking price as owners struggle with increased debt and/or escalating fees. Some are even selling for as little as 60 percent of their original value (2019 highs vs today) . And while opportunities exist, being a successful investor requires a great deal of insight, information and investigation before a purchase is made.

The Contrarian RE Fund 1, LLC, actively researches and identifies distressed real estate assets and reviewing if they are viable options for the fund’s “Value-Add” business model. If they are, the team of experts make purchase decisions regarding the properties by investigating the level of enhancements and improvements that need to be made for each property.

The “Value-Add” business model has realized significant profits since it was first implemented in 2009. By purchasing properties with low rental rates and making substantial physical and operational enhancements that improve both the property and resident experience, the model has been proven to be able to consistently achieve higher rental rates and refinance initial capital investment.

Some of the key factors to consider when making the decision to join a fund that invests in distressed real estate includes:

Size of the Fund

Are you interested in investing in a massive fund, like the $30.4 billion fund structured by Blackstone, or a fund that is less than $50 million? The key differences between massive and smaller investment funds are (JIMMY, WHY WOULD A PERSON CHOOSE A SMALLER FUND? FOR EXAMPLE, DOES A SMALLER FUND PROVIDE A FASTER RETURN ON AN INVESTMENT? ARE THERE FEWER PENALTIES/RISKS? ETC)

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Personal Interaction

A smaller fund will provide you with the opportunity to interact on a personal level with the management team, whereas a larger fund won’t go beyond the standard paperwork to update you on your investment. You’ll also have the opportunity to meet members of the team (the craftspeople and contractors who are working on a real estate renovation that you’ve invested in, for example). It’s highly unlikely that the management team at Blackstone is sharing their cell phone numbers with investors in that fund.

Decision Making Process

As an outcome of the personal interaction with the management team of a small fund, you’ll have the opportunity to contribute to the decision making process. While the team for a smaller fund brings strong real estate market knowledge on a local level, they will also likely be willing to accept input and ideas from knowledgeable investors. Opportunities will present themselves that the management team may not be aware of, but that investors can bring to the table, for the good of everyone.

Intangibles

While the opportunity to invest in distressed real estate is intended to show a profitable return, there are some intangible outcomes as well. For example, renovating properties will help to improve neighborhoods and communities by eliminating blighted real estate. This type of contribution goes far beyond the initial investment, especially when investors are personally familiar with the property and can visit it and feel pride in what they’ve accomplished.

As more and more opportunities to invest in distressed properties present themselves, the time to act is now. If this seems like an appealing investment option to you, be sure to take the time to research what’s available and which type of fund is the best fit for you.

James King is the Founder of the Contrarian RE Fund 1, LLC, and along with his team of professionals has successfully owned and operated more than 2,000 units across the United States. He can be reached at KingCommunities.com ([email protected]) or 562-208-7649.

New Book: How to Profit from International Real Estate Investing

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‘…While some housing markets are crashing, others will likely be booming’

Cabo San Lucas, Mexico – After more than 25 years of investing in global real estate markets in seven countries on three continents, including Panama, Portugal, Mexico and Brazil, Ronan McMahon, founder of Real Estate Trend Alert, is sharing the best secrets for success that he’s learned by taking part in well over $2 billion in real estate transactions. Written for ordinary people looking to make extraordinary moves, the new book is titled Ronan McMahon’s Big Book of Profitable Real Estate Investing and is published by International Living Publishing Ltd., a division of International Living, the leading source for the world’s best places to live, travel and retire since 1979.

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Based on decades of real world experience and know-how, this book is a practical guide to help aspiring real estate investors – and anyone looking to strategically purchase a home overseas – to understand the why, where, and how of international real estate.

“With soaring inflation and sky-high prices right now, the secrets of successful real estate investing can help regular people around the world secure their financial freedom,” said McMahon from Cabo San Lucas, Mexico. “This book holds every useful method, and sometimes little known insights, to make serious money from real estate. In more than 25 years of investing, probably the biggest thing I’ve learned is that it’s surprisingly simple to become a successful real estate investor.”

The Irish property bubble that lasted from 2000-2007 was the original catalyst that compelled McMahon to look overseas for better opportunities. Along the way, he had some interesting adventures. In Brazil, he almost died in a dune buggy crash, and in Panama he flew over the Panama Canal in a billionaire’s helicopter, all in search of the world’s best real estate investments. It was by traveling the globe he discovered that, while some housing markets are crashing, others will likely be booming.

“When you look everywhere there is always a big opportunity somewhere,” said McMahon, who also posts regular insights and opportunities at Real Estate Trend Alert. “That goes not just for real estate investing, but for living as well. That’s why I split my time between Portugal, my home base, winter in sunny locales like Los Cabos and the Caribbean, and summer in Europe, with trips to my home country, Ireland. I never have to face any cold weather, which is just my preference. Lots of people no doubt prefer chilly weather, but we should all have a choice.”

Packed with the most up-to-date information, the book operates as a how-to guide for anybody thinking about buying real estate overseas and how they can afford it. Some of the topics McMahon opines on include:

  • The top real estate investment trends to consider.
  • Where buyers can make double-digit rental yields this year (or any year).
  • The what and how of crisis investing.
  • Real estate investing pitfalls to avoid.
  • Navigating overseas markets without getting burned.
  • How to fund your overseas investment.

The book is now available on Amazon and from Real Estate Trend Alert.

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About Real Estate Trend Alert

Real Estate Trend Alert is a real estate investment newsletter founded and written by Ronan McMahon. Since 2008, Ronan has helped thousands of Real Estate Trend Alert members benefit from real estate opportunities all-over the world.

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6 Things to Keep in Mind When Selling Your Home

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By Stephanie Mojica

During the first two years of the COVID-19 pandemic, investors and traditional homeowners enjoyed a true seller’s market. But as COVID-19 slowly fades from the news and global financial challenges persist, sellers no longer have the same advantages.

The good news is that the majority of homeowners can still get more than they paid for their property, but the bad news is that more planning is required. To that end, here are six things to keep in mind when selling your home, per REALTOR.com.

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1. Set the right selling price from the get-go.

Pricing your property above market value is a recipe for disappointment. Also, don’t count on the bidding wars that were everyday occurrences at the height of the pandemic.

2. Do not try to sell your property “as is”.

People just aren’t buying homes in need of TLC nowadays. While it may feel unfamiliar and even irritating, repairing your house before it hits the market will heighten your chances of making a quick sale.

3. Help your buyer as much as possible.

Interest rates are at historic highs, causing lenders to offer their customers less buying power. As a result, concessions such as sellers helping their buyers with closing costs are now a bigger part of the game.

4. Don’t expect any property to sell quickly.

The times of a home only sitting on the market for a few days seem to be gone; the current national average is 50 days. The good news is that this is still less time than the pre-pandemic average of 68 days.

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5. Invest time and money into home staging.

An empty house doesn’t appeal to buyers the way it once did. In fact, homes that are tidy and staged sell 88% faster (and at 20% higher prices) than non-staged properties.

6. Consider when to sell your home.

During the peak of the pandemic, it was okay to list a home anytime. But nowadays, spring and summer are the best buying seasons.

Stephanie Mojica

Stephanie Mojica, writer of How One Writer Shifted From Settling for $12 an Hour to Prospering at Over $90 an Hour and shorter books such as Quick Answers to Frequently Asked Credit Questions, is an award-winning journalist with publications such as USA Today, The Philadelphia Inquirer, San Francisco Chronicle, and The Virginian-Pilot, among many others. She helps executive coaches, business consultants, business owners, attorneys, and other decision makers generate more money online and become the go-to expert in their field by guiding them step by step through the process of writing and publishing a book.

San Francisco Home Prices Are Dropping — Could This Happen in L.A.?

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By Stephanie Mojica

Homes are selling for less than the asking price in San Francisco, and some experts speculate that the same thing could happen in Southern California, per the Los Angeles Times.

The report stopped short of calling the San Francisco Bay Area a buyer’s market, but labeled it a buyer-friendly market.

Before the challenges of the COVID-19 pandemic, massive tech industry layoffs, and high mortgage interest rates, homes in the Bay Area sold for 113% of the asking price.

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As of December 2022, the sale-to-list ratio was 99.8% — the lowest it had been in nearly six years.

The usual figure is 105% in Los Angeles, but that has dipped to 98.5% for the first time in over four years.

Experts interviewed by the Los Angeles Times believe that this trend will continue in both San Francisco and Los Angeles. The stock benefits that tech employees often use for down payments have significantly less value now. Also, the increased trend of remote work is leading people in multiple industries to seek cheaper housing options in cities such as San Diego, Sacramento, and Phoenix.

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Contrarian RE Fund 1, LLC Introduced as Investment Opportunity in Distressed Real Estate Assets

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Real estate veteran and turnaround specialist James King has introduced a real estate investment fund, providing people with the opportunity to invest in distressed real estate assets. The Contrarian RE Fund 1, LLC, researches, identifies and acquires multifamily and manufactured home communities that are being sold at steep discounts.

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“These opportunities are beginning to present themselves as more distressed assets are coming online and property owners are struggling with increased debt,” said King, who along with his team of professionals has successfully owned and operated more than 2,000 units across the United States. “We are actively identifying distressed real estate assets and reviewing if they are viable options for our “Value-Add” business model. If they are, we are making purchase decisions regarding the properties and investigating the level of enhancements and improvements that need to be made for each property.”

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The Contrarian RE Fund 1’s “Value-Add” business model has realized significant profits since King first started implementing it in 2009. By purchasing properties with low rental rates and making substantial physical and operational enhancements that improve both the property and resident experience, King has been able to consistently achieve higher rental rates and refinance initial capital investment.

More information regarding the Contrarian RE Fund is available by contacting James King at KingCommunities.com ([email protected]).

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.

“Shark Tank” Expert Says Real Estate Market Can Recover

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By Realty411 Staff

Barbara Corcoran from ABC’s Shark Tank says the real estate market can recover — but only if mortgage interest rates drop, per Yahoo! Finance.

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Corcoran, also founder of The Corcoran Group, said: “The worst is behind us.”

She added that mortgage interest rates need to dip by about two points; then, “people are going to act like there’s a sale on.”

Corcoran, who currently works in the international luxury real estate market and has been in the general real estate industry for five decades, also cited lack of inventory as a problem.

Another factor is people, especially “millennials,” moving from states such as New York to Florida and Texas.

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Don’t be AVERAGE! Start Planning Your 2023 Goals Today!

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By Hugh Zaretsky

Do you want more money, time, or magic in 2023? Most people want all three, but some only want 1 or two. To achieve your desired goals in 2023, you must create your plan today. This way you are prepared and implementing your plan on January 2nd at the latest. This simple key gives you almost a month’s head start on the average person.

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How do I know? I have worked with and trained over 10,000 entrepreneurs and real estate investment students. (Go to www.hughzaretsky.com to learn more about Hugh) When I ask people how do they prepare for the new year most tell me the same thing. The average person waits until January 1st to make a New Year’s resolution or the first week in January to create a plan. Then they must prepare, and implement their plan which can take another 5 to 30 days. You see this all the time at the beginning of the year with people going to the gym, starting a diet, or whatever change they want to make. That is why a gym is always packed at the beginning of the year. At the end of January, it is back to the normal number of members. That is because the average person does not prepare a month or so in advance to make a change.

When you plan a month or more in advance you can prepare yourself mentally for the change, you can learn a new skill, put a new system in place, etc. You can test your plan and see if there are any problems or holes with your plan. You can then tweak or modify them in preparation for your launch. This way on launch day, all you need to do is take the actions and execute your plan. This way you start the NEW YEAR running or sprinting out of the gate.

Now, another common mistake that people make when setting goals is tying their goals to an outcome instead of to an action. What do I mean by this? You can say all the right things to a person, and they still do not buy your service, invest in your deal or whatever it is you want them to do. You also can say all the wrong things to a person, and they may still buy your service, product or whatever you want them to do. Which scenario should we celebrate? Which scenario do most people celebrate?

That is the problem, we will celebrate the sale or the thing you got them to do. What we really should celebrate is the fact that you were perfect and did everything right regardless of the outcome. This is the way to build better skills and behaviors. This leads to you taking consistent daily action (CDA) which ultimately produces the success that you want. What are your goals tied to?

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If you simply make these two simple adjustments, then you will see a lot more success in 2023 then you did in 2022. Don’t wait, create your plan today so that you can get the jump on your competition and build the life of your dreams.

To learn more about how to create your CDA and track your actions you can pick up Hugh’s new book “The Launch Button” on Amazon, go to www.hughzaretsky.com or go to join the www.eframily.com ohana.

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