Have Home Prices Peaked Yet?

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By Rick Tobin

Since 2019, the median price of a U.S. home has increased by more than $100,000. Last month, the median home price nationwide reached an all-time record high in spite of skyrocketing mortgage rates. How is this possible?

Inflation-adjusted home prices are now 85% above their historical average dating all the way back to 1890. Additionally, inflation-adjusted home prices are now 20% above the 2008 peak, according to Case-Shiller and Reventure. The 2008 peak highs for home values were followed by almost five years of home price declines through 2013 in many regions.

Even after accounting for inflation which has severely weakened the purchasing power of one dollar ($1) from back when the Federal Reserve opened for business in 1913 to just 2 or 3 cents today, home prices have never been this unaffordable.

Home Payment-to-Median Income Rates

The home payment as a percentage of median income calculation is used to quickly determine how affordable or unaffordable the monthly payments are for each homeowner. Many years ago, it was quite common for owners to pay just 25% to 35% of their monthly gross income towards their monthly mortgage payment. Now, it’s almost double those numbers (50% to 70% of the gross income) as home prices and mortgage rates continue to rise together.

The median home payment as a percentage of median income ratio nationwide is now near 49% or 50%. This is gross or pre-tax income, so the home price-to-net income after taxes paid is much higher. This is especially true in areas with high state income tax rates like those found in California, Hawaii, New Jersey, Oregon, Minnesota, New York, Vermont, Iowa, and Wisconsin.

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Home Payment as Percentage of Median Income by State:

1. Hawaii: 68%
2. California: 67%
3. Montana: 57%
4. Oregon: 55%
5. Washington: 54%
6. Massachusetts: 53%
7. Idaho: 52%
8. New York: 51%
9. New Jersey: 50%
10. Vermont: 50%
11. Maine: 50%
12. Colorado: 49%
13. Florida: 49%
14. Rhode Island: 49%
15. Arizona: 48%

To simplify these calculations using $10,000 gross income for a household (married couple earning $5,000 each before federal or state income tax), a 68% home payment as a percentage of median income in the priciest state of Hawaii would mean that the total monthly mortgage payment (principal, interest, property taxes, homeowners insurance, and homeowners association payments if applicable) would equal $6,800 per month ($6,800 monthly mortgage payment/$10,000 household income = 68%).

Unsustainable Home Price-to-Household Income Ratios

The home price-to-household income ratio (P/E) is a quick mathematical formula that we can closely look at to determine how affordable average prices homes are for one or more metropolitan regions. Because home values in California are the highest in the nation, our homes tend to have double-digit P/E ratios compared with other states with much lower P/E ratios somewhere within the 4x to 7x range (or home prices are 4 to 7 times the household income). 5.3x is the latest median home price-to-household income ratio calculation.

Let’s put these P/E ratios to work for us to better understand how unaffordable homes have become across the nation. A newly married couple earns $80,000 per year with their combined salaries. As per the national average of 5.3x, this couple would likely pay close to $424,000 (5.3 times the applicants’ household income = the average home price or $80,000 household income x 5.3 = $424,000).

By comparison, the P/E ratios for California metropolitan regions are as follows:

* Riverside: 10.5x (or times)
* Los Angeles: 14.0x
* Santa Rosa: 14.0x
* San Diego: 14.3x
* San Francisco: 14.6x
* San Jose: 16.2x
* San Luis Obispo: 17.6x
* Santa Cruz: 20.0x

Now, let’s look at Santa Cruz, California where the home price-to-earnings ratio is 20 times the household income. If we used the same $80,000 household income as before, the average home price there would be 20 times the household income average ($80,000 household income x 20 = $1,600,000 home price).

Key points: Homeowners are paying almost double the national home price-to-household income average in Riverside, California region (10.5x vs. 5.3x) and almost four times the national P/E average in Santa Cruz, California (20.0x vs. 5.3x).

A 99% Unaffordable Rate for Homes

The typical American individual or family today cannot afford to purchase a new or older home, according to the most common mortgage lending standards such as FICO credit scores, debt-to-income (DTI) ratios, and cash reserves for loan qualification purposes.

In fact, a recently published report shared by the ATTOM real estate data company named the U.S. Home Affordability Report for the third-quarter of 2023 found median-priced single-family homes and condominiums are less affordable in 99% of counties across the nation compared to historical averages. The analysis found that the home prices were beyond the reach of the vast majority of average income earners who earned just over $71,200 per year.

With average and median home prices reaching all-time record highs in possibly 99% of regions and mortgage rates hitting 23-year highs, this combination has made home purchases less affordable than ever before.

A Shaky Small Business Sector

Historically, consumer spending has represented upwards of 70% of the total GDP (Gross Domestic Product) for the US economy. With credit card balances recently surpassing $1 trillion dollars and average annual rates hitting 28.1% per Forbes, it will directly impact both in-person and online shopping.

A whopping 53% of an estimated 40,000 surveyed small business owners responded that they are only making half or less of what they were earning prior to the pandemic declaration back in March 2020, as per Alignable. For businesses that are one to three years old, 60% of respondents said that they were earning half or less of what they were earning just one year ago.

The same Alignable survey also found that 40% of small business owners could not pay their rent in full or on time for September.

Some of the factors mentioned for declining business income were as follows:

  • 50% of the small business owners surveyed said that the 18 months of rising interest rates have cut into their profit margins. Many small business owners are paying high double-digit rates for their business operations that make today’s 30-year fixed mortgage rates seem much more affordable by comparison.
  • 52% of surveyed business owners said that they were paying more for rent now than just six months ago, with 14% of respondents claiming that their rent jumped by 20% or higher.
  • 46% of business owners said that the higher-than-usual gas prices have slowed down their business growth as an increasing number of people are buying products online partly to save gas money.

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The implosion of the retail sector continues onward, sadly. The previous six years in a row (2017, 2018, 2019, 202, 2021, and 2022) each shattered the all-time retail space closings per square foot in US history. Please note that e-commerce (online retail sales for Amazon, Walmart, and thousands of other small, medium, or larger online sites) only represented the following percentages as compared to total retail sales nationwide as per Statista:

  • 10.4% of total annual 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; and
  • 18.9% of total annual retail sales were ecommerce in 2022.

According to the U.S. Small Business Association (SBA) and the U.S. Chamber of Commerce, small businesses of 500 employees or fewer make up over 99% of all U.S. businesses. For many Americans, they think that Walmart, Amazon, and Target are the primary business operators who employ a very high percentage of Americans. While it is true that their size and market dominance continues to rapidly increase, the small business sector is the “heart and soul” of the U.S. economy.

Any loss of income for employers and their current or former employees who were laid off will eventually have a significant impact on home values for purchase and for lease. Loss of income is usually the #1 reason why a homeowner is in a distressed mortgage payment situation (forbearance, loan modification, foreclosure, or short sale). It doesn’t matter too much if the homeowner has a 2% or 3% fixed rate mortgage in place if they don’t have any income to make the payments.

Underwater Cars & All-Time Record Payments

The average car loan balance in the U.S. as of the 1st quarter of 2023 was 125% loan-to-value (LTV), as per TransUnion. Many of us remember underwater or upside-down homes following the previous economic bubble burst during the 2008 to 2013 years when the mortgage debt exceeded the current home value. Now, it’s becoming increasingly common to see underwater cars with increasingly unaffordable payments.

The average new car price today is about $48,000. The average new car payment is $750 per month and the average used car payment is $551 per month. The average new car rate is 9.48% and the average used car rate reached an all-time record high of 14%.

  • 1 out of every 3 cars are 30+ days late
  • 1 out of every 5 cars are 60+ days late
  • 1 out of every 7 cars are 90+ days late
  • Moody’s forecasts 10% auto loan delinquencies by 2024.
  • Upwards of 20,000 cars are being repossessed for nonpayment every single day nationwide.

A former Ford CEO recently said that a borrower may need to earn $100,000/yr. to qualify for a new car. The United Auto Workers union just went on strike demanding more pay and fewer work week hours as the auto sector is imploding.

The 7-Year to 10-Year Housing Bubble

The common link between less affordable payment options for homes, cars, and business operations is due to the Federal Reserve’s aggressive interest rate hike campaign which began in early 2022. Things may improve for the overall economy if and when the Federal Reserve suddenly pivots or changes direction and starts slashing rates again to stimulate the economy.

Historically, our housing and economic cycles tend to last somewhere between seven and 10 years. Almost all housing boom and bust cycles are directly related to the available supply of money that’s either affordable or not. When rates are near historic lows like we’ve seen for most of the past 10 years, then home prices are more likely to rise.

Conversely, rising rates eventually may cause home prices to stagnate or fall. Yet, we may not see home prices fall for months or years depending upon the available supply of homes and the demand for housing.

In past housing cycles when the Federal Reserve promoted aggressive rate hikes like the 17 rate increases between June 2004 and June 2006, there was a one to two year lag effect before home prices suddenly started to fall. It still took about five years for the home prices to bottom out before the Fed’s aggressive rate cuts down near 0% acted like the fuel for the biggest home appreciation cycle in U.S. history.

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Our previous housing bubble burst lasted about five years between 2008 and 2013. Today, we’re 10 years past the previous housing bottom here in 2023.

If you’re thinking about selling or refinancing (cash-out or reverse mortgages) at the potential peak of the latest housing cycle, then you might be seeing the highest peak prices sooner rather than later. If you’re thinking about buying near the bottom of the next housing downturn, then keep a close eye on unemployment numbers, home listing inventory supplies, days on market averages for home listings, distressed mortgage or foreclosure numbers, and mortgage rate directional trends.

The key to success with buying and selling real estate is partly tied to a combination of basic economics, good or bad luck, personal financial and family situations, and timing. Please keep researching as many data trends as possible so that you make the most informed decision as either a buyer, seller, landlord, or tenant to minimize your downside risks and to maximize your potential gains at the same time.

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.

Navigating NYC’s Changing Airbnb Law: A Guide for Seasoned and Newbie Real Estate Investors

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By Hugh Zaretsky

*Introduction:*

The world of real estate investing is ever-evolving, and staying ahead of the curve can mean the difference between success and challenges. In the bustling city of New York, one recent change has sent ripples through the real estate and short-term rental markets – the new Airbnb law. As seasoned investors who have seen it all and newcomers eager to get started, you must understand how to adapt to this shifting landscape. In this article, we’ll explore the recent changes to the Airbnb law in NYC and how to not just survive but thrive within the new regulations.

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**Understanding the New Airbnb Regulations**

The new regulations are crystal clear – you cannot rent out an entire apartment or home for less than 30 days, even if you own or live in the building. This rule applies across the board to all permanent residential buildings in NYC. Furthermore, hosts are only permitted to offer short-term rentals if they remain in the same apartment or unit with their guests. There’s also a strict limitation on the number of paying guests – no more than two are allowed at a time. Violating these regulations can result in a hefty $5,000 fine.

**A Success Story in Compliance**

In the midst of these changes, one seasoned investor, Hugh Zaretsky, has not only navigated the new regulations successfully but has thrived within them. Hugh, who was approved by New York City as one of the few hosts to continue offering Airbnb stays, has a track record of investing in cash-flowing properties, businesses, and training entrepreneurs. His story is a testament to the power of adaptation and compliance.

Hugh’s experience shows that compliance is not just about following the rules; it’s about maximizing your return on investment. By adhering to the new Airbnb regulations, you protect your investment from costly fines and legal troubles. It’s a strategy that pays off in the long run.

**Impact on the NYC Airbnb Market**

The repercussions of the new law have been significant. The number of available Airbnb listings in NYC has dropped dramatically, from over 15,000 or 9,000 units (depending on the data source) to a mere 300 options as of now. This shift is expected to bring the number closer to 3,500 available units. For investors who comply with the law, this reduced competition could translate into higher nightly rates, potentially making legal hosting even more profitable.

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**The Importance of Compliance**

Compliance with the new Airbnb law is not just about avoiding fines; it’s about safeguarding your investment and ensuring the longevity of your real estate endeavors. Hugh Zaretsky, with his background in real estate and entrepreneurship, is a prime example of how considering the law when making investment decisions can lead to success.

Hugh has also taken his expertise and experience in the field to teach other real estate investors how to operate Airbnb and short-term rentals legally. This highlights the need for education and mentorship, especially in times of change.

**Adapting to the Changing Landscape**

Hugh’s journey into the world of Airbnb investing began in 2012, and his adaptability and willingness to embrace emerging trends have been instrumental in his success. As seasoned and newbie real estate investors, it’s crucial to recognize the value of staying one step ahead. Tech expertise, mentorship, and a willingness to adapt can make all the difference in thriving in evolving markets.

In conclusion, the changing Airbnb law in NYC may have presented challenges, but it has also created opportunities for those who are willing to adapt and comply. By understanding the regulations, prioritizing compliance, and seeking mentorship, both seasoned and newbie real estate investors can find success in this evolving landscape. Hugh Zaretsky’s success story is proof that with the right approach, you can not only survive but thrive in the ever-changing world of real estate investing.

Thank you,
Hugh

646 584-5818

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]

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.

Short-Term Equity Financing

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By Tod Snodgrass

Due to rising interest rates, conventional funding from banks, hard money sources, etc. is becoming increasingly problematic for many Real Estate Investor Professionals (REI Pros). For example, say a REI Pro needs capital to plug a temporary financial hole—say $50,00 or $100,000 or $250,000 for a very short period of time, say just one day? Virtually no lender will provide funds for such a short period of time.

This is where a Short-Term Equity Financing (STEF) source can come in handy. STEF’s are not brokers; they are direct equity funders using their own private capital. They write the checks. The buck stops with them when it comes to final decision-making.

STEFs do not provide loans. Instead, a temporary Joint Venture Agreement (JVA) is created—a form of equity–with the REI Pro. The STEFs profit normally comes from a share of the REI Pro’s profit. Typical markup is 50% of the amount funded. If the STEF provides $100,000, they receive $150,000 in return. Obviously, all the paperwork involved has to be carefully crafted to offer maximum protection to all parties, with appropriate security and collateral issues spoken to successfully, which is why STEFs normally require that doc prep, title and escrow functions all be assigned to service vendors chosen by the STEF.

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4 STEF Case Studies

CASE STUDY NO. 1

Situation: A homeowner has fallen way behind with his monthly mortgage payments due to the fact that he lost his job. The bank recently sent him a NOD (Notice of Default) and the property is now in pre-foreclosure status. With insufficient time to fix up the place and subsequently sell it for top dollar, the homeowner has come to realize that he needs to prepare to move away from the residence, sooner rather than later. He reaches out to a local real estate broker who in turn puts him in contact with a cash buyer investor who is interested in purchasing the property—at a discounted price—via a double close (involving two separate escrows).

Problem: In addition to the overdue first position mortgage on the property, it is also encumbered with several liens: mechanics, HOA, property tax, as well as a lawsuit, including a lis pendens filing. The seller has no money to clear up the title, so it remains clouded, and the property remains unsold. Due to the high-risk factors involved, everyone (including the cash buyer) is reluctant to front the money to pay off the liens beforehand. The homeowner is stuck.

Solution: Seeking a way out of his client’s deteriorating financial situation, the broker reaches out to a Short-Term Equity Financing source for help with paying off the liens which created the clouded title logjam in the first place. Once all the pieces of the financial puzzle are properly in place (agreements and contracts signed, proper escrow instructions prepared, all monies needed for the deal are sent into both escrows), both closings can occur pretty quickly.

Result: The property owner came out OK via a cash-for-keys/deed-in-lieu arrangement with the cash buyer; the buyer got the property at a good discount from FMV; the STEF was amply rewarded for its involvement; and last but not least, the broker earned a 5% referral fee from the STEF (based on the amount that the STEF funded) for their time, trouble and expertise.

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CASE STUDY NO. 2

Situation: A General Contractor Investor (GCI) owns two acres of prime residential real estate, free and clear, with no loans or liens against the property. The land had already been successfully subdivided, entitlements are all in place, architectural drawings and plans are 100% complete for all the SFRs. Further, the GCI has already arranged a construction loan with a major bank for all the new houses, to be built one-after-another, in a series. The only thing left to do, prior to starting work, is to pay for the permits on the first few houses.

Problem: The wife of the GCI recently filed for divorce, tying up all the CGI’s assets, including the funds he had previously put aside to pay for the permits.

Solution: A STEF was brought in to provide funds for the permits. The STEF was provided with collateral via liens against the lots the CGI owned free and clear. Based on that, the STEF fronted the money for the permits, which had already been previously approved. By prearrangement, the bank providing the construction loan had agreed to “overfund” the construction loan in order to provide payback to the STEF for the funding they provided + the STEF’s markup.

Result: That same day, the loan got funded and the permits were issued. Construction soon got underway. It all turned out OK at the end for all parties.

CASE STUDY NO. 3

Situation: A property was part of an estate. The owner died and the property went into Probate. While the property had a lot of equity in it, there was still an outstanding first mortgage with a modest amount still due, which the court ruled in this case had to be paid off completely before Probate could close. Once probate closed, then the four beneficiaries could each receive their respective six-figure proceeds.

Problem: To say that the four heirs to the estate did not get along well would be an understatement. There was apparently long-standing bad blood between several different family members. The result is that, because of a total lack of trust, none of them could or would agree to pay off the amount due on the mortgage. It was a financial standoff.

Solution: A STEF was referred into the situation by an attorney. The STEF provided sufficient capital to pay off the one remaining encumbrance: the first loan, so the property could be sold a ready buyer.

Result: Probate was able to close; the property sold; the heirs got their money and STEF was paid off for its investment + standard markup. All parties walked away with a smile on their respective faces.

CASE STUDY NO. 4

Situation: A successful REI Pro owned several commercial and industrial properties free and clear. He recently identified an investment property he wanted to buy from a distressed seller. The REI Pro calculated that he could turn right around and immediately sell the property for a handsome profit, since it came with an extraordinary amount of equity. The REI Pro had the property under contract. Further, the REI Pro had already lined up a cash buyer to purchase the property. The buy and sell would only take one day to successfully accomplish.

Problem: The REI Pro, at that time, was “asset rich and cash poor”. He had no ready cash to use to buy the investment property he wanted to immediately flip. To further complicate things, he had recently defaulted on a bank loan, which had caused his FICO score to plummet. Due to the hit on his credit score, no banks in the area were willing to loan him the money he needed to buy the equity-rich property he had his eye on.

Solution: A STEF was brought into the picture who fronted the purchase price, once the REI Pro pledged several properties he owned in order to cross-collateralize the deal.

Result: It all wrapped up to everyone’s satisfaction.

NOW AVAILABLE:

A. We currently offer two different funding programs for professional real estate investors: Short-Term Equity Financing & Down Payment Assistance Funding.

1. We help make deals happen that might not otherwise close, absent our funding.

2. We are happy to pay you a 5% referral fee, based on the amount we fund. For example, if you send us a lead and we fund $100,000, we send you a check for $5,000 at closing.

B. Short-Term Equity Financing: As described above.

C. Down Payment Assistance Funding Program. For more information, see https://creativetransactionfunding.com

1. Are you a Real Estate Investor Pro (REI Pro) who has a property you want to buy, with a 70% LTV or better, but you lack some of the Down Payment (DP) money needed to close the deal? You need say, 25% DP, but can only come up with 10% and need 15% more (DP money?

2. The good news is if your deal meets our standard criteria (70% LTV or better = 30% or more equity in the deal, etc.), CTF can provide the missing 15% in DP funding. By not having to put out all your own capital into DPs–especially if you are low on cash–you’ll be able to do more deals. With your DP source already in place, it will shorten your time for getting positive confirmation from your primary lender, and for getting more deals successfully closed.

D. If you would like to receive free information about our funding programs, please send an email to: [email protected], with the following three lines of (your) info:

1. Full Name
2. Phone number
3. Email address

Any questions, please advise.

Sincerely,

Tod Snodgrass
President
Creative Transaction Funding LLC
Providing Down Payment Assistance & Short-Term Equity Financing to investors, nationwide.
[email protected]

Learn more about Tod Snodgrass, President of Creative Transaction Funding LLC, visit https://creativetransactionfunding.com

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.

4th Annual Los Angeles Real Estate GRAND Expo

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Hello Real Estate Investors,

We just returned from our Lone Star Investor Wealth Summit in Texas. What a fantastic time we had meeting our readers from throughout the area. Thank you to all those who participated.

Now, we would like to invite everyone in our national and international network to join us for the 4th Annual Los Angeles Real Estate GRAND Expo. This event, which is a collaboration with two of our long-term associates and friends, is the largest real estate event we host every year!

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You simply don’t want to miss the opportunity to network with active real estate investors from throughout the Golden State, the nation and world, in sunny Southern California.

The GRAND Expo is conveniently located in West Los Angeles and is a short driving distance from top tourist attractions, shopping, restaurants and nightlife in Beverly Hills, Santa Monica, Malibu, Marina del Rey and Venice Beach.

Make your California vacation a reality by joining us at the 4th Annual Los Angeles Real Estate GRAND Expo. Meet us for just one day and make connections for life. For additional details, please read below.

4th Annual Los Angeles Real Estate Grand Expo

We are very excited to announce our 4th Annual Los Angeles Real Estate Grand Expo. The Grand Expo returns on Saturday, October 21, 2023, 9:00 am to 6:00 pm. We’re taking over the entire Iman Cultural Center for the day – it’s all ours!

The North Hall (vendor exhibition area), the South Hall (workshops), and the middle parking lot (loaded with workshop tents and food trucks). The theme of this year’s Grand Expo will be “Hedge Inflation – Buy Real Estate”.

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 BIGGER! 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 big, really BIG! We are hosting investors from around the nation once again.

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EDUCATORS. There will be national guest speakers (in three breakout rooms). Here is a partial list of our top educators:

1. Jonah Dew – “The Money Multiplier”
2. Eddie Speed – “Buying Discounted notes”
3. Rusty Tweed – “1031 Tax-Deferred Exchanges”
4. Joe Arias – “How to Get Started Investing”
5. Christopher Meza – “Developing Raw Land”
6. Tony Watson – “Tax Advantages for R.E. Investors”
7. Dani & Flip Robison – “Fixing & Flipping Houses”
8. Abbas Mohammed – “Investing in Multi-Residential Properties”
9. Marco Kozlowski – “How to Buy Lots and Lots of Houses”
10. Amanda Brown – “Invest in Commercial Real Estate”
11. Shawn Tiberio – “Marketing for Real Estate Investors”
12. Joseph V. Scorese – “How to Finance Your Next Deal”
13. Jeremy Rubin — “From Employee to $100M in Flips”
14. Steve Price (Keynote) – Vice President at Auction.com

INVESTMENT EDUCATION. An all-day in-depth educational extravaganza celebrating real estate investing. Most importantly, this will NOT be a sales pitch. So regardless of whether you are a new investor, already own properties, or are very experienced, our Grand Expo is for you!

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.

Update on Events in PA, CA and More!

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Please review this important post. Thank you.

Advertisement:

Dear Readers,

We are thankful to all of our subscribers, friends, and sponsors who are helping us host and/or co-produce many LIVE events around the country! We hope to reach many of you in person in the next few months.

We have more LIVE events in CA and PA coming up this year. Plus, we are already promoting The Great Mile High Real Estate Investors Summit in beautiful Colorado next year, too!

Be sure to scroll down and review information about each unique event. Even if you are not in the area, perhaps you can refer a friend, associate or family member to join us. We would certainly appreciate your support.

Don’t miss the opportunity to connect in Philadelphia, Pennsylvania once again for an insightful educational boot camp. At this event, guests will have the opportunity to learn directly with top business and real estate leaders.

Experienced educators will share their knowledge and strategies for guests to have a better understanding of the current real estate market. Join us and gain the insight to implement a game plan for success. This boot camp will include top-level industry information and fantastic networking.

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4th Annual Los Angeles Real Estate Grand Expo

We are very excited to announce our 4th Annual Los Angeles Real Estate Grand Expo. The Grand Expo returns on Saturday, October 21, 2023, 9:00 am to 6:00 pm. We’re taking over the entire Iman Cultural Center for the day – it’s all ours! The North Hall (vendor exhibition area), the South Hall (workshops), and the middle parking lot (loaded with workshop tents and food trucks). The theme of this year’s Grand Expo will be “Hedge Inflation – Buy Real Estate”

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 BIGGER! 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 big, really BIG!

SPEAKERS. There will be national guest speakers (in three breakout rooms). Here is a partial list of our top educators:

1. Jonah Dew – “The Money Multiplier”
2. Eddie Speed – “Buying Discounted notes”
3. Rusty Tweed – “1031 Tax-Deferred Exchanges”
4. Joe Arias – “How to Get Started Investing”
5. Christopher Meza – “Developing Raw Land”
6. Tony Watson – “Tax Advantages for R.E. Investors”
7. Dani & Flip Robison – “Fixing & Flipping Houses”
8. Abbas Mohammed – “Investing in Multi-Residential Properties”
9. Marco Kozlowski – “How to Buy Lots and Lots of Houses”
10. Amanda Brown – “Invest in Commercial Real Estate”
11. Shawn Tiberio – “Marketing for Real Estate Investors”
12. Joeseph Scorese – “How to Finance Your Next Deal”
13. Jeremy Rubin — “From Corporate Employee to $100M in Flips”
14. Steve Price (Keynote) – VP at Auction.com.

INVESTMENT EDUCATION. An all-day in-depth educational extravaganza celebrating real estate investing. Most importantly, this will NOT be a sales pitch. So regardless of whether you are a new investor, already own properties, or are very experienced, our Grand Expo is for you!

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NEW MAGAZINE!

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.

SOAR Energy Partners with Gryphon Roofing to Reduce Energy Bills of Arizona Residents

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Homeowners in Phoenix, Glendale, Scottsdale, Gilbert and Chandler can securely install rooftop solar systems that decrease utility costs by up to 40 percent

PHOENIX, Arizona — SOAR Energy, the #1 fastest growing solar company powered by Better Earth, today announced its partnership with Gryphon Roofing, a leading residential and commercial roofing contractor servicing Arizona, which holds the second highest solar potential in the nation according to the U.S. Energy Information Administration. SOAR has also named Gryphon Roofing its Preferred Roofing Partner within the state, operating in Phoenix, Glendale, Scottsdale, Gilbert, and Chandler markets.  

The move comes as utility rates continue to skyrocket across Arizona, with Arizona Public Service (APS) charging nearly 30 cents per unit of energy during summer’s peak season. Residents can turn to renewable energy alternatives and reduce their energy bills by up to 40 percent. Both Gryphon Roofing and SOAR Energy share a mission of making rooftop solar energy easy and comfortable with little to no consumption changes necessary by the homeowner.

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“Facing the wrath of high utility costs, homeowners in many of Arizona’s largest markets are choosing to make their homes more energy efficient through solar,” said Brian Decker, CEO of SOAR Energy.

“By partnering with the Gryphon Roofing team, who is highly recognized across Arizona and serves as the preferred roofer for some of the country’s largest hedge funds, residents will be able to confidently make the shift and take power back into their own hands without having to pay out of pocket for their solar system.”

According to the U.S. EIA, Arizona also ranks among the top five states in total solar-powered generating capacity from utility and small-scale installations, with nearly 5,500 megawatts. Further, Arizona’s residential sector consumes more electricity than 75 percent of states and more per capita than 70 percent of states. Residents can receive a federal tax credit of up to 30 percent if their roof needs to be replaced while installing their system, as well as be reimbursed by APS for excess power that is produced and not used.

“Leveraging both Gryphon Roofing and SOAR Energy’s unmatched rooftop capabilities, we’re looking forward to installing reliable solar systems for homeowners across major Arizona markets and getting them on track to saving money,” said Russel Hyman, CEO and President at Gryphon Roofing.

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“Our crews specialize in seamless installation and repair, so through this partnership, homeowners can be confident in their solar systems.”

The partnership will be in effect immediately and homeowners interested in renewable energy for their homes can find more information at www.soarenergy.com/.

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Unlock the Path to Business Success: 10 Tips for a Thriving Future

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By Kris Miller

Are you ready to take your business to new heights? The journey to success is filled with twists and turns, but fear not! We’ve got the ultimate guide to steer you towards triumph and prosperity. These 10 business tips will ignite your entrepreneurial spirit and pave the way for a brighter future. Get ready to level up!

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  1. Use It or Lose It – Maximize Your Annual Exclusion: Tap into the power of the annual gift tax exclusion. Gift to your heart’s content without tax consequences. Share the joy of giving while saving big!
  2. Harness Your Gift Tax Exemption – Unlock your lifetime gift tax exclusion of $1,000,000! It’s time to make your mark and leave a legacy with strategic gifting.
  3. Pay It Forward – Tuition and Medical Expenses: Seize the opportunity to pay tuition and medical expenses without worry. These generous gestures won’t come with taxable gift strings attached.
  4. Preserve Your Estate Tax Exemptions – Plan Ahead: Take charge of your estate’s future. Prepare for the unknown with a robust estate plan. Expect the best, but plan for the worst.
  5. Fund a 529 Plan – Empower Future Scholars: Invest in education with a 529 plan. Watch your savings grow tax-free while supporting the next generation of bright minds.
  6. Choose a Guardian – Secure Your Kids’ Future: Family comes first! Ensure your kids are protected by choosing a trusted guardian. Rest easy knowing they’re in caring hands.
  7. Create a Will or Living Trust – Shape Your Legacy: Shape your legacy with a carefully crafted will or living trust. Don’t let your estate fall into the wrong hands. Take control of your future now.
  8. Power Up – Secure Your Financial and Health Decisions: Be the captain of your ship. Get a Power of Attorney for Financial & Health decisions, empowering you to navigate life’s challenges.
  9. Secure Your Retirement – A Plan That Lasts: Don’t leave your retirement to chance. Review your IRAs and 401(k)s to ensure a secure financial future. Take control and plan for the long haul.
  10. Protect Your Future – Long-Term Care Coverage: Prepare for the unexpected. Secure coverage for long-term care and catastrophic nursing home needs. Your peace of mind is worth it.

Don’t Wait – Embrace Your Journey Now!

Success and prosperity await, but it’s up to you to seize the opportunity. Don’t let time slip away. Take charge of your business, estate, and health. Safeguard your assets and pave the way for a remarkable future.

No one plans for misfortune, but planning for it is the key to financial freedom. Embrace the power of giving, reduce taxes, and step confidently into the realm of success. The time is now, get started on your path to triumph today!

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Schedule a Free Financial Fitness Strategy Session with Kris Miller, LDA

Legacy Wealth Strategist #1 Bestselling Author, Speaker & Educator

Use the Calendar Below to Schedule Your One-On-One Session with Kris

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30+ years of experience assisting others in growing & protecting their wealth. Helped more than 6,000 families avoid financial disaster by strategically planning for their futures. Not one person has lost a single dime on her watch. Her clients learn how to change their families’ financial realities and create incomes they will never outlive

For more Healthy Money Tips:

linktr.ee/healthymoneyhappylife

[email protected]

Phone (951) 926-4158

Kris Miller

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

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Make an Appointment with Kris

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

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.

Tampa Bay’s Thriving Luxury Market Draws Nationwide Attention

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By Moisés Agami, CEO of Valor Capital

Tampa Bay, a region comprising Tampa, St. Petersburg, and Clearwater, has become a magnet for people looking to relocate and invest in luxury real estate. This coastal gem continues to shine as a leading destination for wealthy Americans seeking a luxury lifestyle and a serene setting for their ideal home. With its renowned beaches, striking architectural designs, diverse dining experiences, and vibrant cultural fusion, Tampa Bay is a paradise drawing a substantial influx of the affluent and savvy real estate investors.

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As this wave of growth continues, the impact on the luxury real estate market in the area becomes all the more significant, solidifying Tampa Bay’s position as a top choice for luxury living. Tampa Bay’s allure as a prime location for real estate development is enticing developers and investors eager to capitalize on its soaring potential. Tampa Bay’s appeal for relocation and real estate investment is influenced by key development drivers propelling its growth and the substantial economic impact of the luxury real estate market.

Tampa Bay’s Allure for Relocation and Real Estate Investment

Tampa Bay has emerged as a highly desirable relocation destination for many reasons. Florida’s 1.9% population growth, the highest rate of any state in the nation in 2022, has not experienced a decline since 1946, making the Florida housing market one of the hottest in the U.S. This year, Clearwater Beach was given the distinction of being named the “Best in the South” by USA Today, topping the list of 20 beaches in the southern U.S. from Virginia to Texas. Tampa Bay’s rich cultural experiences stemming from its diverse mosaic of cultures further cements its widening appeal.

What distinguishes Tampa Bay is its ability to provide a luxurious and convenient lifestyle without the exorbitant price tags often associated with exclusive areas like Palm Beach and Miami. This affordability, combined with Florida’s favorable tax structure, fosters growth across all sectors, making Tampa Bay a welcoming haven for wealthy Americans and international buyers searching for a second home or wise property investments.

Key Drivers of Tampa’s Growth and Development

Tampa Bay’s burgeoning growth and development can be attributed to several pivotal factors. St. Petersburg, in particular, stands as a beacon of economic prosperity and entrepreneurship, experiencing a remarkable surge in construction and development ventures. The area’s entrepreneurial spirit and expanding job opportunities have enamored businesses and professionals, sparking a significant influx of older millennials to Tampa Bay.

Tampa Bay ranks among the top corporate relocations, as evidenced by its increased business activity fueling even more attention to its robust growth. ARK Management, LLC, relocated its corporate headquarters from Wall Street to St. Petersburg in 2021. CEO Cathie Wood stated, “We believe the Tampa Bay region’s talent, innovative spirit, and quality of life will accelerate our growth initiative. ARK is not a traditional Wall Street asset management firm, and we are looking forward to breaking the mold further by relocating to St. Petersburg, a city investing in technology, science, and innovation. Our relocation and the ARK Innovation Center will allow us to be more innovative and to impact the broader community while shining a spotlight on the technological advances and creativity permeating the Tampa Bay region.”

The Tampa-St. Petersburg-Clearwater enclave offers a blank canvas to real estate investors and developers seeking untapped potential. Prime locations abound, inviting intellectual and physical migration to Tampa Bay and luring investors seeking to seize the countless opportunities that lie ahead. Ambitious redevelopment projects like the U.S. 19 Corridor Project in Clearwater position the area as an appealing destination for those seeking dynamic and evolving cities open to fresh ideas. The plan includes a mix of housing, businesses, retail, shopping, dining, and a transit-friendly, employment-intensive destination.

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The Profound Economic Impact of Tampa Bay’s Luxury Real Estate Market

The luxury real estate market in Tampa Bay wields a profound economic impact. The ever-growing demand for luxury homes keeps Tampa Bay’s real estate market at the vanguard among U.S. counties. This increase in demand has engendered an escalation in construction projects, further bolstering the location’s economic growth. In the last fiscal year, St. Petersburg issued nearly 37,000 building permits, representing a construction value exceeding $1 billion.

Moreover, the influx of prosperous residents and real estate investors has provided an additional boost to various industries in Tampa Bay. Finance, manufacturing, marine and life sciences, IT, data analytics, creative arts, and design are among the prominent industry sectors in St. Petersburg, employing thousands of local residents and offering lucrative careers. The growth in the luxury real estate sector has beckoned businesses, corporations, and entrepreneurs to the metropolitan area, injecting fresh vitality into its economic prospects.

State-of-the-Art Luxury Amenities in High Demand

Luxury home buyers today are in pursuit of residences that epitomize first-class living while elevating health and wellness. The pandemic has underscored the value of fresh air intake and touchless entry systems, driving demand for innovative, cutting-edge building designs that prioritize health and well-being. In response, state-of-the-art technology, such as UV-disinfecting lights on common area HVAC units, has emerged as a sought-after feature in luxury homes.

In addition, enterprising professionals and empty-nesters seek convenience and luxury in the vibrant urban heart of downtown St. Petersburg. The St. Pete Innovation District, with its ultramodern technologies and medical facilities, appeals to those seeking a dynamic urban atmosphere. Coveted amenities like wellness facilities, spa-like retreats, and energy-efficient designs have become integral components of luxury homes, catering to the desires of affluent buyers yearning for a serene and sophisticated lifestyle.

Tampa Bay Continues To Captivate

Tampa Bay’s thriving luxury market continues to attract nationwide attention as this coastal haven entices individuals looking to relocate and invest in luxury real estate. Its unparalleled beaches, diverse cultural experiences, and vibrant urban settings make Tampa Bay a veritable paradise for discerning individuals and shrewd investors. As the demand for luxury living grows, Tampa Bay’s allure as a prime location for real estate development builds. The luxury real estate market’s substantial economic impact underscores its pivotal role in the locale’s growth and prosperity. Furthermore, as homebuyers seek high-end amenities that blend health and wellness, Tampa Bay remains the epitome of relaxed luxury against the backdrop of a picturesque paradise.

About Moisés Agami, CEO, Valor Capital

Entrepreneur Moisés Agami took his first company public at the age of 25. His global businesses are built on cutting-edge technology, like Valor Capital that was formed in 2010, when Agami incorporated his technological and quality-assurance acumen to team up with a group of entrepreneurs who have a four-decade history of real estate developments with tens of millions of square feet in office, hospitality, medical, commercial and luxury residential product offerings. Valor Capital has truly revolutionized the industry with its “safety and wellness-based” engineering, focusing on building design features that maximize personal well-being. Agami enjoys finding real estate “gems” that are not currently on the monetizing radar of the average real estate mogul. He has facilitated several high-profile luxury projects along the Gulf Coast of Florida with future sights set on North Carolina, and Texas, where he can lead the way for other developers and entrepreneurs. https://valorc.com/

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.

eXp Realty Welcomes Bean Group Brokered by eXp Realty

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Brokerage is first to join through newly launched ‘Boost’ program

BELLINGHAM, Wash., — eXp Realty®, “the most agent-centric real estate brokerage on the planet™” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today welcomed Bean Group Brokered by eXp Realty as the first brokerage to join through Boost – eXp’s newly launched brokerage incentive program.

Bean Group was founded in 2003 with a focus on exemplary customer service, online marketing, and technology-forward lead generation. The company grew quickly to be a top brokerage in Northern New England. Today their annual sales volume exceeds $1.5 billion and they are one of the largest brokerages in New England, with hundreds of real estate professionals across Maine, Massachusetts, New Hampshire and Vermont.

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The company is the first to join eXp Realty through its Boost program, which was designed to financially incentivize qualifying independent teams and brokerages to join eXp Realty.

“The eXp platform was built to help agents and teams succeed and thrive, and with Boost we are joining together with independent teams and brokerages that share our values, culture and growth goals,” said Michael Valdes, eXp Realty Chief Growth Officer. “Bean Group agents can now immediately start reaping the benefits of our agent-centric culture and aligned compensation model.”

The combined market share of Bean Group and eXp Realty puts eXp at No. 3 by market share in New Hampshire and No. 2 in Maine, up from No. 5 and 3 respectively.

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“By joining eXp Realty, we get the best of both worlds,” said Bean Group CEO Michael Bean. “We can maintain our boutique culture, brand and heritage while adding the unparalleled scale and resources of eXp Realty. Its agent-centric culture and benefits align closely with ours, and with this transition, we will deliver on our mission to help our agents and teams build successful real estate careers.”

Boost launched in June to provide financial incentives to independent teams and brokerages that are culturally aligned with eXp Realty, have more than 50 agents and a minimum of $100 million (US/CAN) in sales volume in the originating country over the previous 12-month fiscal period. International qualifications to be released. Additional qualifications apply. Cannot be affiliated with any non-independent franchise.

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.

Lone Star Wealth Summit Information — See YOU Soon!

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Dear Summit Guest,

We are excited you can share the day with us this Saturday, Sept. 16th, for the Lone Star Investor Wealth Summit.

Be sure to arrive early to get the best seating — a few VIP tickets are also still available for purchase to upgrade your seating, see link below.

ALSO: We added a few complimentary tickets for you to bring a guest!

But hurry, because only a few remain, thank you. Also, parking is FREE so don’t worry about that either.

This is the event you’ve been waiting for! Get ready to expand your portfolio and connect with active investors from around the nation.

Whether you’re a seasoned investor or just starting out, this summit is designed to provide you with the knowledge, strategies, and networking opportunities you need to succeed in the real estate market.

Don’t miss out on this incredible opportunity to learn from industry experts, gain insights into the latest trends, and discover the secrets to building wealth through real estate investing. Plus, there will be plenty of time to mingle with like-minded individuals and form valuable connections that can take your investments to new heights.

NEED MORE TICKETS? Click the link below to reserve your seat today.

LEARN MORE OR RESERVE MORE TICKETS NOW:

https://www.eventbrite.com/e/530755121857?aff=oddtdtcreator

Enjoy a day of learning and networking. Our educators include:

* Chander Mishra MD MBA CPE FASE FASA FAACD – Blue Ocean Capital
* Bob Bluhm, Esq — Asset Protection Attorney & Public Speaker
* Brad Blazar – Founder of Capital School – Raised Over $2B in Private Capital
* Joseph Kimbrough- Apex Real Estate Investments
* Brian Carlson – Subject-To Real Estate Academy
* Joseph V. Scorese – BRRR Loans
* Steve Davis – Total Wealth Academy
* Jimmy Reed – 1REclub.com
* Jonah Dew – The Money Multiplier
* Jim Edenfield – Invest Success
* Tim Emery – Great Mile High Investor Summit
* Arnie Abramson — Texas Tax Sales
* Joel M. Desilets – Damascus Partners, LLC
* Seth Desilets – Damascus Partners, LLC
* Paul Finck, The Maverick Millionaire ®
* AND MANY MORE!

LEARN MORE OR RESERVE MORE TICKETS NOW:

https://www.eventbrite.com/e/530755121857?aff=oddtdtcreator

BE SURE TO DOWNLOAD THE EVENT SCHEDULE: https://joom.ag/PcNd

Best regards,
Linda