EVERYTHING YOU SHOULD KNOW ABOUT THE TRIPLE NET (NNN) LEASE

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By Rachel Maisen

Today we will discuss everything you should know about the triple net (NNN) lease. Gross and net lease arrangements are the two most common types of commercial real estate leases. In a gross lease, the tenant is responsible for paying the base rental sum, but the property owner is responsible for all running expenses.

As a result, the rental rate is usually greater for the owner to recoup some of their contribution to operational costs. A Full-Service Gross Lease or a Modified Gross Lease are two of the most frequent Gross lease structures.
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The net lease is the opposite of a traditional lease. Depending on the parameters of the net lease arrangement, the tenant is responsible for a base rental payment as well as a share of the property’s running expenses.
The renter pays rent and property taxes under a single-net lease. The renter is responsible for the base rent, property taxes, and insurance in a double-net lease. Then there’s the triple-net lease, which is popular with a certain type of investor.

Triple Net Lease

The tenant is responsible for paying their base rent, as well as property taxes, building insurance, and common area maintenance, in a triple net lease. Absolute net leases shift all duties to the tenant, including structural building maintenance, leaving the landlord with nothing save the responsibility of cashing the checks. Triple net leases are significantly more appealing to landlords because they will have fewer duties and will be able to pass all costs on to the tenant. That implies a renter can negotiate down from a triple net lease to a single or double net lease, however, these forms of net leases are more frequent among landlords and tenants with little experience.

How You Can Invest in Triple Net Lease?

There are many steps to invest in Triple Net Lease. Here are some basic and important steps to start investing in Triple Net Lease: 1. Figure out what kind of investment returns you want Depending on the tenant, location, remaining lease term, landlord duties, year of construction, and other factors, triple net lease investments can and will yield a wide range of returns. As a result, two ventures with the same tenant and guarantor could have drastically different cap rates.
You should do your market study to discover where cap rates are landing before calling a specialist to assist you in finding an investment.
2. Find an Advisor of Triple Net Lease Once you have a broad concept of what you want, talk to triple net leasing experts to discover who would be the greatest fit for you and your team. A triple net lease advisor is a commercial real estate broker or firm with NNN investing experience.
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3. Fix your tenant and terms criteria Not all triple net leases or renters are made equal. Some NNN investment prospects may appear to have a very good cap rate, but as you dive deeper into the property, you discover the existing lease only has three years left. Every tenant has a different credit rating based on their financial health, the number of locations they have, the sort of business or industry they are in, and other factors. You must specify your tenant and term criteria upfront so that you can focus your search. 4. Find the Right lending Partner While triple net investments might be enticing all-cash bargains, it’s a good idea to start talking to lenders as soon as possible to assess where your loan terms will wind up.
Because you can discover equally appealing investments in Nevada and Georgia, you’ll need a lender that can go with you across the country. If your local bank is willing to help, it could be a nice option.
5. Examine your options and make a proposal It’s a good idea to keep a Google Drive or Dropbox folder with information on the many sites you’re underwriting once you’ve begun receiving prospective investment opportunities. You won’t be able to keep up with every property, especially since you won’t be touring them in person, but having everything in one spot where you can quickly examine it if you’re discussing a project with your team, partners, or investment advisor is helpful. 6. Conduct a thorough due diligence investigation on the asset and the tenant It’s time to do your due diligence on the asset and the renter after your offer has been accepted. You’ll want to find a good local inspector to assess the property and create a report for your evaluation because you won’t be physically present (unless, of course, you opt to travel out and see the property). 7. Take a seat and wait for the checks to come in The most effort you’ll have to do after you’ve closed on the property is to cash those cheques. The advantage of NNN investing is that you have little to no obligation aside from collecting rent and projecting tenant vacancies. Your tenant will continue to make monthly payments toward your mortgage, increasing your equity in the property, while you pocket the profits.
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Advantages of Triple Net Lease

  • Landlord responsibilities are limited: Apart from the structural components, landlords are often not obligated to maintain or care for the property.
  • Lower likelihood of turnover: Many renters who lease these types of residences aim to stay for an extended period.
  • Potentially perfect location: These tenants want to be where their customers will find them, therefore it may be easier for you to discover them.
  • Because they are frequently leased by investment-grade tenants, they are a low-risk investment. Rent and expenditures are paid every month, ensuring a consistent cash stream.
  • Long-term tenancy: NNN tenants frequently sign seven- to ten-year leases.
  • Due to the extended period of the leases and the landlord’s modest financial responsibility, there is the potential to generate equity.

Disadvantages of Triple Net Lease

  • Returns on investment are capped: Because there is usually no room to increase value in some shape or manner during the initial term, your returns are set by the lease.
  • Higher vacancy risk: Because these buildings are sometimes built with a single tenant in mind or a certain location, re-leasing them can be difficult or costly.

Conclusion

The greatest triple-net investments are those that meet your requirements. That’s why it’s crucial to do your homework on the various tenants and lease agreements available so you know what you’re getting yourself into. Note: click the link below to find how to deal with bad tenants https://www.webuycaliforniahousesforcash.com/blog/bad-tenants-your-ultimate-guide-to-dealing-with-them/
About Author A good writer is known for his or her work so is Rachel Maisen. Rachel Maisen is an author, known for her amazing articles regarding Real Estate World. She outreaches information on Real Estate Investment, methods, business and many more. She wrote many articles for a better understanding of beginners as well as investors. Her main focus is to provide information to the readers about Real Estate Investment in the simplest way even a beginner can understand very well. By reading her articles one can understand how to invest, where to invest and when to invest in Real Estate.

Buying Property in a Less-Dense City? What You Need to Know

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As a realty investor or developer, urban properties probably comprise a significant portion of your bread and butter. Why was urban development so lucrative for so long? Big cities were magnets for people looking for more work opportunities and higher incomes. As a result, large city populations have been steadily increasing for the past 70 years, making them a good bet for investment dollars until the recent pandemic changed the landscape.

Population trends were expected to continue rising steadily until at least 2050. However, the past two years have brought unprecedented change to the real estate market. With so many disruptions, it may be time to rethink your real estate investment strategies. In fact, according to the latest trends, you should probably consider putting your money to work in smaller, less populated cities. If you’re considering a switch to smaller cities, keep reading for the three top reasons why the landscape is changing the way we invest in real estate, where to invest, and expert advice on completing a cross-country move.

Getting Personal Space

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Social distancing mandates brought a new awareness to the concept of personal space. However, in a densely packed city, personal space has always been hard to come by. No matter how you slice it, city life means smaller spaces for living, working, shopping and even walking. It isn’t easy to maintain a six-foot distance in a city like New York or Los Angeles. In addition to social distancing, it is harder to quarantine in a small apartment than in a large house with a yard. Although a family in the city would typically have access to the outdoors, city spaces remain congested and may negate social distancing precautions. One example of this is the widespread outbreak in New York City early in the pandemic. Although the pandemic wasn’t cited as the primary reason that influenced people to move, the experience was an opportunity to re-evaluate their needs. For many who have lived in a densely populated area during these times, making a move to a less populated city has become an enormously attractive idea.

The Allure of Outdoor Space

Sure, city dwellers have parks and sidewalks for outdoor living. But, as recent times have demonstrated, nothing beats having a yard of your own. The pandemic has highlighted this need. Many of today’s movers are looking for some space to stretch out and maybe even visit friends without risking infection. For young families and retirees alike, the backyard is a haven for outdoor activities. They can build a pool, install a trampoline, do some gardening or have a barbeque. Whatever their interests, having a backyard means that they can quickly and safely access the activities they love without worrying about social distancing or virus outbreaks.

Less Money, Better Life

Less densely populated cities have much to offer. Smaller cities often have many of the same advantages as larger ones, with less congestion and more open spaces. For families, the benefits can include less crowded schools, less competition for extracurricular activities and the chance to be a part of a close-knit community. For retirees or singles, many of these cities still have great restaurants, a plethora of outdoor activities and exciting nightlife. Living in a less-populated city can also improve health markers due to less stress, less pollution and more access to recreational activities. For many, the additional land means a chance to grow an organic garden for food or set up an outdoor fitness area.

Making the Switch

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So, where are people moving to when they decide that big-city life isn’t a good fit anymore? The top areas in the United States are:
  1. Naples, Florida
  2. Myrtle Beach, South Carolina
  3. Venice, Florida
  4. Hilton Head Island, South Carolina
  5. Avon Park, Florida
  6. Bluffton, South Carolina
  7. Prescott, Arizona
  8. Shelbyville, Tennessee
Although on the surface, it may seem like some of these cities have little in common, they all offer a relaxed and friendly vibe in beautiful natural surroundings.

Expert Advice for Cross-Country Moves

Moving cross-country to a smaller locale is no easy feat. Eugene Tolk, CEO of Verified Movers, a review site designed to help families and businesses find reputable cross-country moving services, said there are several things those eyeing a cross-country move should keep in mind.
“Shopping around for the best prices is the key element to making a cross-country move go smoothly,” he said. “It’s inevitable that there are going to be unexpected costs when moving, so keeping your known prices low is essential.”
Getting creative when packing – using towels for padding to save on bubble wrap and using suitcases instead of cardboard boxes – is another pro tip, Tolk said. And when hiring movers, be prepared to do the one thing you might not want to do.
“When hiring professional movers, the best thing to do is get out of their way,” said Tolk. “I know it’s in a lot of people’s nature to hover and try to manage, but cross-country movers know what they’re doing and how to do it best. You’ll only slow down the process, so kick back, relax, let them do their job, and get on your way to your new home.”

About Verified Movers:

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Verified Movers is a trusted review platform that publishes reviews, customer testimonials and experiences with moving companies. Verified Movers is dedicated to helping people find the best moving services solutions for their needs. Whether people plan to move down the street or across the globe, Verified Movers is here to provide them with the best choice of professional moving companies to get them there. The platform offers the option to both research and share reviews for different professional movers country-wide. In addition to this, it also provides the options for those same moving companies to create their own profiles and promote the services they offer to clients. To learn more, please visit: https://verifiedmovers.com/.

Why Are Bridge Loans A Great Choice For Real Estate Investors?

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Image from Pixabay

By Stratton Equities

In the world of private lending, real estate entrepreneurs are building strong careers investing in real estate utilizing asset-based loans.

An asset-based loan product is based on the value of the available equity in the property, it closes faster than a traditional mortgage, and requires less paperwork. One of the most common asset-based loan products are bridge loans and they are quickly becoming a perfect solution for real estate investors who are looking to grow their investment portfolio.

What are bridge loans?

A bridge loan is defined as a short-term (12-24 months) real estate loan that closes faster than term loans or conventional loans. Real Estate Investors work with lenders who offer bridge loans, because not only do they close quickly, the guidelines are more lax, therefore there is less underwriting and documentation needed.
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Image from Pixabay

​Real Estate Bridge loans are temporary loans, secured by the asset (real estate), the typical property bridge loan has a term of 12-24 months, although many bridge loan lenders will grant the owner the option to extend his loan for six months to one year.

Why should you get a bridge loan?

There are more benefits than you can count for with bridge loans. The greatest benefit is the speedy approval process. As a real estate investor, with a simplified approval process, it becomes quick, which is key to getting a great real estate property before someone else does. However, as a result of the faster process, they have higher interest rates. If you are a real estate investor that does not have a stable cash flow or if you are self-employed, this is perfect for you. The private lender does not look at your salary or tax returns so you don’t need to worry if you do not have a stable income. Another benefit is how the loan is utilized. It doesn’t need to be solely purchasing a specific property but can be used for a variety of purposes. For example, it can be used for Cashout or Rate & Term programs. Since it’s a bridge loan, it can give you the flexibility you need to stay afloat and let your real estate business thrive.
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Image from Pixabay

Why Should You Use a Bridge Loan?

  • It’s Straightforward & Easy : This type of loan has short-term financing (12-24 months) for real estate investors, who prefer to finance the purchase and/or rehab of their investment property, with a Fix and Flip loan (also a Bridge Loan) or a Cash Out Refinance loan.
  • ​Quick Access to Funds: With conventional loans, there are qualifications that restrict you from getting access to those funds. With a Bridge Loan, there are less guidelines, underwriting, and restrictions that will provide you with quick access to financing.
  • ​For Every Type of Real Estate Investor: A Bridge Loan is a great solution for any real estate investor – at all experience levels.
  • ​Options for all types of Properties: At Stratton Equities, we have Bridge Loans that are tailored to your investment needs. Here are some of our Bridge Loan options for Real Estate Investors; Fix and Flip, Cash Out Refinance, or Purchase Money.

​BRIDGE Loan Summary

  • ​​Investment Properties Only: Single-Family, Condos, Townhomes, Multi-Family, Commercial, Mixed Use, Office, Retail, Industrial, Warehouse
  • Rates Starting at 7.25%
  • $100K – $5M
  • Up to 75% LTV
  • Blanket Loan Options Available
  • Fixed rates/Adjustable
  • 9-24 Month Terms
  • Interest Only Payments
  • Purchase, Refinance, or Cash Out
  • Foreign Nationals Eligible
  • No Prepayment Penalty Option Available

How do you apply for a bridge loan?

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Image from Pixabay

If you need a quick streamlined process with a repayment phase of 12-24 months, with less underwriting and documentation, these loans can be approved quickly and even extended if you wish. There is also no minimum FICO requirement. These are great loans for real estate investors with any experience level. They also work for the majority of investment properties. Call us at 800-962-6613 or contact us at [email protected] and apply now at https://www.strattonequities.com/loan-pre-qualification to find out whether you are eligible for loan pre-qualification!

Benefits of NO-DOC Loans for Multi-family Properties

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Image from Pixabay

Special submission by Michael Mikhail, CEO of Stratton Equities

If you’ve ever considered looking into purchasing real estate, it can almost be daunting to decide what time of property to purchase. The most common real estate investments are multi-family properties. These types of buildings, investment homes, and apartments/condos are ideal assets for their ability to increase cash flow for the property owner.

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Image from Pixabay

Once you’ve found the multi-family property you’d like to purchase, you can begin the loan application process to determine which type of private money loan program is right for you.
In the world of private money lending, there are several loan programs for multi-family properties, including multi-family bridge loans and NO-DOC multi-family loans. However for self-employed real estate entrepreneurs, NO-DOC multi-family loans have become the ideal choice.

What is a NO-DOC Multi-family Loan?

A NO-DOC multi-family loan is a type of term loan program that does not require a verification of income or tax returns from the borrower. This type of loan product is beneficial for multi-family borrowers who do not have the ability to go to the bank due to their documented income, closing timeline, and employment history. NO-DOC Term loans are defined as non-qualified (NON-QM) mortgages and are long-term (5/1 ARM, 7/1 ARM, 30 Year Fixed) real estate investment programs. Unlike conventional investment property loans that max out at 70% LTV, a NO-DOC Multi-family Loan Program maxes at 85% LTV and with no PMI. This allows the borrower to put less money down on their purchase. Only Real Estate Investors with high credit scores (over 650) are eligible for a NO-DOC Multifamily Mortgage Loans.
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NO-DOC Multi-family Loan Overview: • Investment Properties Only: Multi-Family, Commercial, Mixed Use • Rates Starting at 4.375% • $100K – $5M • Up to 85% LTV • Blanket Loan Options Available • Fixed rates/Adjustable • 5/1 ARM, 7/1 ARM, 30 Year Fixed • Interest Only Option Available • Foreign Nationals Eligible • No Prepayment Penalty Option Available

Why Should Real Estate Investors Use NO-DOC Loans on Multi-family Properties?

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The reason why multi-family properties are an ideal purchase for real estate investors is due to the ability to increase cash flow. Multi-family buildings or investment homes have multiple units that can easily be rented out providing passive income to the owner of the property.
If you are a real estate investor hoping to buy a multi-family property, the quick approval process (21-35 Days) of a NO-DOC Mult-family loan is perfect for real estate investing.
They’re especially great for long-term investments because borrowers do not need to show any income verification and can get a multifamily home which is a long-term investment and can provide you with long-term passive income.
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How to Apply for a NO-DOC Multi-family Loan?

Although many lenders do not offer this type of loan, those that do are a great option for real estate investors who are unable to provide the stricter guidelines of a traditional loan. The relationship between the borrower and the lender is based on the idea that the borrower will be able to afford and be able to pay the loan payments. Since they are riskier due to the fact that there is no verification of income or tax returns, you tend to get higher interest rates than other loan programs.
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Image from Pixabay

However, because there is less documentation and underwriting, you do get a quicker approval process and flexibility. In this type of loan, the loan heavily relies on the value of the property.
At Stratton Equities, our mission is to make private money lending easy, efficient, and worry-free. We help first time real estate investors, experienced borrowers, and professionals in the mortgage and real estate industry succeed with a simple 3-step process, including Pre-Approval, Processing & Underwriting, and Funding.
Call us at 800-962-6613 or contact us at [email protected] and apply now at https://www.strattonequities.com/loan-pre-qualification to find out whether you are eligible for loan pre-qualification!

Exploring Florida’s Underestimated Cigar Scene

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Image from Pexels

By Tim Houghten

The connection between success and cigars is an inseverable relationship. Florida happens to not only be one of the hottest real estate markets this year, but also one of the best destinations to treat your senses to some of the best cigars in America.

So, where are the best places to buy, enjoy and relax or celebrate signing some real estate deals with cigars in the Sunshine State this year?

The Free State Of Florida

Having declared victory over COVID-19, Florida’s governor has ended the state of emergency and restrictions. Including banning the use of vaccine passports. He has concreted Florida’s reputation as the more free in the nation. Where businesses are free to operate, and individuals and investors are free to travel and live as they choose.
In addition to attracting many high profile companies and investor residents over the past year, Florida has long been a favorite among wealthy investors for many advantages of owning real estate there.
Having a very similar climate to Cuba, and a long history of tobacco growing and cigar making, everything comes together to make this one of the top choices for those who love cigars, real estate and want to enjoy the most freedom this year. Whether for a short vacation or to invest or permanently relocate.
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Miami

Miami benefits from great proximity to many famous cigar tobacco and seed countries. It is also synonymous with Cuba, and its legendary highly desirable and illicit cigars. This may be the closest most will get to Cuba, and the real deal. The Little Havana area is of course a top choice for cigar aficionados and new fans in search of the best options within the US. Explore a variety of historic cigar shops, in between grabbing a strong coffee at one of the area’s famous ventanitas. Those like the Cuba Tobacco Cigar Co. have been hand rolling cigars for over 100 years, and offer some truly decadent box selections with luxury packaging that will absolutely impress.
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Naples

Naples, Florida is one of the wealthiest cities in America. A strong hold second home destination for many notable individuals. At its Mercato Mall in North Naples, you’ll find regular luxury car shows, the home of one of the world’s top coworking franchises, and Rocky Patel’s luxury cigar bar, Burn. This is Rocky Patel’s flagship luxury lounge for fine cigars, beautiful Morrocan inspired decor, and of course top shelf drinks to accompany it all. A former LA entertainment lawyer, Rocky has made a name for himself and his brand in the cigar industry. Definitely worth checking out while in town.

Tampa

Ybor City in Tampa is one of the most iconic cigar towns in the world. Still dotted with historic cigar factory buildings, alone walkable retail streets with storefront cafes, and amidst quite a bit of modern renovation in residential real estate.
Founded by cigar makers more than 140 years ago, 7th Avenue has been ranked as one of the 10 Best Streets in America.
Definitely, one of Florida’s hidden gems, and an exciting day out for cigar fans, and real estate investors looking for inspiration.
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Image from Pexels

Take a factory tour, relax at a sidewalk cafe, and then head over to the Hardrock to spend the night gaming, and be sure to check out the waterfront.

Orlando

Orlando has been trending. It has become a magnet for millennials and others seeking an alternative to Miami. It’s theme parks and hotels were some of the first in the country to reopen after COVID lockdowns. It is becoming a destination much more synonymous with luxury than ever before. It has been expanding, and adding new luxury shopping malls, with valet lines full of Rolls Royces, and the latest Ferrari and Lamborghini models. What you probably didn’t know is that this is also home to Florida’s own cigar tobacco farming. Florida Sun Grown is a seed to finished cigar farm and company located in Clermont, Florida. Now a part of greater Orlando. With seeds sourced from Cuba, Honduras, and Nicaragua, FSG is truly a unique operation, producing US grown cigars. Pick from Davidoff Coronas 20th Anniversary Edition cigars, The American by JC Newman and many others from historic US tobacco companies.

It’s A Wrap

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Image from Pexels

If you haven’t yet treated yourself to a cigar tour in Florida, this is probably the year to do it. Explore legendary cigar brands, iconic makers, factories and tobacco farms.
While you are there be sure to explore some of the latest real estate developments from the new Benltey condos in Miami to custom waterfront homes in Naples, and perhaps even your own future tobacco farm in central Florida. Relax, shop, pick up some cigar gifts that are sure to wow your customers and friends, or close some deals over a cigar and Cuban coffee.

Chicago Real Estate Market Update: July Sales 3rd Highest In 25 Years

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The Chicago real estate market had another super strong month of home sales in July. Since last year was a bit funky with the pandemic we should compare it to 2019 and on that basis closings were up 23.3% despite the fact that we now have 1 1/2 years of pandemic under our belt. And just so you know, almost all that growth was in condos/ townhomes which were up like 35% in that time period.

July was higher than all but two other years in the 25 years graphed below (red points are all the Julys) – and those two years were at the peak of the housing bubble. So that’s pretty good. Also, the green moving average line tells us that the last 12 months have hit a record going back to around 2007. That is dramatically different than the downward trend we were on just before the pandemic hit.

Monthly Chicago home salesChicago home sales have been declining now for several years but the Coronavirus really tanked the market in May and June of 2020. The market returned to more normal levels starting in July and is now setting new records.

Chicago Home Contract Activity

But the fly in the ointment is that contract activity was down 11.9% from last year, which of course set a record as soon as people got a grip on their housing plans after the pandemic hit. So things appear to be slowing down a little but the fact of the matter is that July contracts were still higher than all other years and 14.8% higher than 2019.
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Chicago home sale contract activity has pulled back a bit from the pandemic highs but it’s still higher than all the other years.

Pending Home Sales

One of the factors contributing to high sales was the fact that we went into July with a fairly high level of pending home sales to draw from but we drew down that backlog. That leaves us with 580 units below last year, although we are still higher than the previous 3 years. So the rest of the year is likely not going to be as strong as July.
Pneding Home Sales

After hitting historic lows the backlog of homes likely to close in the next 1 – 2 months rebounded during the pandemic but is now starting to retreat again.

Distressed Home Sales

With the foreclosure and eviction moratorium there are very few distressed homes that can be sold. Only 1.3% of July’s sales were distressed and that is another record low, down from 3.3% last year. One would think that once the moratoria are lifted distressed sales are going to take off but that might not be the case – at least for a while. One reason is that the foreclosure process is extremely long – like 3 years – so you won’t see an immediate effect. But the other reason is that home prices have risen enough that homeowners in dire straits might be able to just sell their home and pay off their mortgage without any problems.
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Since the housing crisis the percentage of home sales that are distressed has steadily declined to almost negligible levels.

Chicago Home Inventory

The inventory of homes for sale remains ridiculously low and I continue to do my own calculations to produce the graph below. The most dramatic example of course is detached homes which had only a 2.2 month supply in July, which is the same as last year – nevertheless, a record low for July. But attached homes were also pretty low with only a 3.5 month supply, which is at the lower end of historic July inventory levels.
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After a big Coronavirus induced spike in April 2020 the inventory of homes for sale dropped back down. Detached inventory keeps setting new record lows while attached inventory has dropped to the lower end of the historic range.

Chicago Home Sale Market Times

With inventory levels so low and sales so high it should be no surprise that market times have gotten ridiculously fast – at least for detached homes. They sold on average in only 42 days. That’s down from 70 days last year and keep in mind that half the homes sold in 12 days or less! Meanwhile attached homes, despite their growth spurt, are selling on average in 66 days, which is only down slightly from last year’s 68 days.

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When the pandemic first hit Chicago market times rose but now they are actually quite a bit lower than last year. Detached homes are at a record low.

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Gary Lucido

Gary Lucido is the President of Lucid Realty, the Chicago area’s full service real estate brokerage that offers home buyer rebates and discount commissions.  Gary brings over 20 years of experience in customer service, finance, operations, and information services, and has an obsessive passion for getting the job done quickly and correctly. His corporate experience includes many multi-million dollar contract negotiations that resulted in wins for both parties. Prior to working with a well-known traditional real estate brokerage, Gary was President of a national concierge company, where he worked with Sari. He was also one of the founders of Shop Local, a leading provider of Web shopping services for retailers, where he served as the President and Chief Operating Officer, responsible for client services, operations, and technology. His team built the company to more than 150 employees serving most of the top retailers in the country. Gary’s experience also includes 7 years at Circuit City Stores as Director of Inventory Productivity and Extended Service Plans, where he was responsible for the company’s $500 million warranty program and led Circuit City’s first supply chain initiatives. In addition, he was a Corporate Business Development Manager at General Electric, where he led a one-year customer service improvement study for GE Financial Services. Early in his career he worked in the strategy practice at Booz, Allen & Hamilton, and in corporate finance at Sears, Roebuck and Co. Gary received a B.S. degree in math and physics from Duke University and an MBA from Northwestern University’s J.L. Kellogg Graduate School of Management, where he concentrated in finance and management policy. He has lived in the Chicago area for over 19 years, including Evanston, Lake View, Lincoln Park, University Village, and East Ukrainian Village.

Airbnb.org is Assisting Afghan Refugees

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Airbnb’s nonprofit organization, airbnb.org, is stepping up to the plate once again to assist, this time, Afghan refugees with temporary housing worldwide.

The humanitarian crisis has displaced tens of thousands of people from Afghanistan. Both Airbnb and Airbnb.org have announced that they will be providing temporary housing to more than 20,000 Afghan refugees globally.
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In times of crisis, airbnb.org had partnered with communities to help with housing when most needed. Since 2012, airbnb.org has found accommodation for over 75,000 people. Hurricanes, fires, Covid 19 frontline workers, and Afghan refugees are just some of the hard-hit communities needing support. Airbnb and Airbnb.org are collaborating with resettlement agencies and their partners to help wherever necessary. They are reaching out internationally to businesses to encourage a united front to provide urgent support to the Afghan people.
Brian Chesky, founder, and CEO stated, “As tens of thousands of Afghan refugees resettle around the world, where they stay will be the first chapter in their new lives. For these 20,000 refugees, my hope is that the Airbnb community will provide them with not only a safe place to rest and start over but also a warm welcome home.”
Airbnb and Airbnb.org have linked approximately 25,000 refugees with temporary housing over several years, including the Afghans and Iraqi people participating in the US Special Immigrant Visa Program (SIV). Airbnb.org announced the creation of the $25 million Refugee Fund to expand their support of refugees and asylum seekers worldwide significantly. Airbnb is confident that hosts and guests around the world will be anxious to rise up and uphold this massive effort – and in the very near future, Airbnb and Airbnb.org plan to give hosts and the community details that will support the cause. For more information about how to become a host and join the efforts, visit their website at airbnb.org.

Holly Lynn, Queen of Capital™, is an Airbnb Magician and a short-term rental manager. For more on short-term renting, contact Holly at [email protected] or by text at 415-317-6071

Celebrate Real Estate Investing with Realty411 – Our FIRST In-Person Event in Orange County.

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We have exciting news regarding our FIRST In-Person Event in California. Our one-day conference will host incredible educators from around the country who’ll be ready to share their years of knowledge. Plus, we will have wonderful resources from companies exhibiting at our event. Guests will have access to private capital, plus business and commercial funding as well. Now is the time to grow your real estate business to new levels. Thanks to our generous sponsors, subscribers and VIP members, our event is complimentary for everyone. Our early-bird guests will also enjoy a catered breakfast and gourmet coffee, plus plenty of networking opportunities. Now is the moment to grasp this opportunity — the chance to network with sophisticated investors from California and around the country. Be sure to pencil this date now and join us in-person to gain specialized insight and knowledge. The information shared on this day could catapult your portfolio to new levels. Broker/agents will receive valuable training on the latest technology available to close more transactions. RSVP NOW @

https://www.eventbrite.com/e/realty411s-real-estate-investor-summit-learn-to-invest-live-in-irvine-tickets-156793779415

Orange County
This one-day conference has something for everyone regardless of their experience level in real estate. Join this memorable day and receive knowledge for a lifetime. Learn the Latest Niches in Real Estate + Connect with Influential Investors from across the nation right here in Irvine, California! Join us and network LIVE AND IN-PERSON. This is our FIRST live event in California — Network with amazing leaders. Are you ready to Grow Your Real Estate Business, Portfolio and Network? We want this VIP EXPO TO EXPAND YOUR MIND and help you succeed. Since 2007 Realty411 Has Been the Leader in REI Resources for Investors around the Nation, as Well as Our Readers Internationally. Our outstanding educators and speakers, include renowned-industry leaders, such as: * Kaaren Hall – CEO, uDirect IRA Services & OC REIA * Bill Walsh – Powerteam International * Matt Mccarthy – Pivotal Capital Group * Anthony Patrick – CEO, New Harvest Ventures, LLC * Alton Jones – Founder, Rehab 2 Riches * Raul Avila – Founder, CEO, The AvFund Group * Christoph Malzl and Jonathon Metoyer – LandVoice * John Humphrey – Founder, The Money Multiplier * Eric Tran, CEO – Universal Commercial Capital * Burton Alicondo – Product Specialist, PropStream * Johnny Mejia – Lima One Capital * Jeremy Rubin – The Friendly Flipper Academy * Paul Finck – The Maverick Millionaire * Kris Miller – Founder, Legacy Wealth Strategist * Reed Blake – Business Finance Expert * Robyn Mancell – Powur Solar * Ginger and Rene Hernandez – Vista Capital Solutions AND MANY, MANY MORE — JOIN US FOR AN AMAZING DAY! OUR COMPLIMENTARY CONFERENCE IS THE #1 SOURCE FOR REI 411 This is Your Chance to meet TOP Leaders in REI, Local & National Experts Learn from Leaders & Industry Pros Meet Local PLUS Out-of-Area Investors NON-Stop Tips for Real Estate Success Bring Lots of Business Cards! RSVP NOW @

https://www.eventbrite.com/e/realty411s-real-estate-investor-summit-learn-to-invest-live-in-irvine-tickets-156793779415

This event is produced and hosted by Realty411.com. Since 2007, we have dedicated our time, resources and energy to help expand real estate investing knowledge and education by producing complimentary magazines, virtual conferences, webinars, podcasts, and live events. We have touched the lives of thousands of investors.

The “Titans of Texas Real Estate Investing” Featured at the LA GRAND Expo

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Over five hundred savvy real estate investors from throughout California and beyond have already registered for the second Annual Los Angeles Real Estate Grand Expo, which is being produced with the Los Angeles Real Estate Investors Club and Sam’s Real Estate Club of Los Angeles.

The Grand Expo is being held on October 31 (Halloween Day), 9:00 am to 6:00 pm. This amazing event is uniting twelve of the top speakers and educators from around the nation, including the “Titans of Texas Real Estate Investing,”. These three amazing Texas-based investors, include: Brad Sumrok, Brad Blazar and Amy Mahjoory. 

Joining Us Directly from the Lone Star State:

Brad Brad Amy
Together, these well-known investors have closed BILLIONS in real estate, and this will be there first appearance in California in almost two years! Don’t miss the LA Grand Expo.
California guests will have the opportunity to welcome and learn from fantastic speakers from around the nation for this highly-anticipated, in-person event: The Los Angeles Grand Real Estate Expo. >>> To register for this event, CLICK HERE. The LA Grand Expo will be held at the spacious and luxurious Skirball Cultural Center, which can accommodate hundreds of investors in a safe, and socially-distanced environment.  The expo will feature three breakout rooms for speakers, and a vendor expo in Ahmanson Hall, the size of a football field with over 60 real estate vendors. To date, over 500 investors have registered for this event, and many more are excepted. This complimentary landmark REI event will be the largest in California in 2021. Prior to the pandemic, in 2019, The Grand Expo united over 800 investors, 60 plus exhibitors, with investors joining in from seven states. Other fantastic and highly-sought after educators joining us for The LA Grand Expo include:
  • Brent Kessler (The Money Multiplier)
  • Merrill Chandler (Credit Sense)
  • Dutch Mendnhall (Tax Sales)
  • Tony Watson (Tax Savings)
  • Chris Gager (Master Mentor)
  • Jake Jacobson (Investing Master)
  • Additional speakers to be announced shortly.
Sophisticated investors should not miss this fantastic expo. What about Covid and the Delta variant?  We are glad you asked.  Although California, and Los Angeles County, remains vigilant with social-distancing and mask mandates, The LA Grand Expo can accommodate all necessary requirements due to its extra-large venue with a unique layout. For example, should the need arise, the breakouts sessions can be comfortably held outdoors on the spacious grounds of the Skirball.  To register for this event, CLICK HERE.
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The health and well-being of our guests is of utmost importance to us.  Therefore, all CDC guidelines will be followed for the safety of all. Bring your favorite mask; remember, it’s Halloween. If needed, we meet at the sanitation station to exchange cards, perhaps with gloves on. The business will be in full-force and continue in a new climate of caution. Certainly, this will be a historic event in the timeline of REI gatherings in the state. And, it’s one that should not be missed. Make history by participating in The LA Grand Expo in 2021, and network with some the most active investors in California and beyond. To register for this event, CLICK HERE.

Southern California Property Manager Allegedly Embezzled $700,000

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By Stephanie Mojica

A California property manager was recently arrested for allegedly embezzling $700,000 through his company AMP Core, Inc., according to the Santa Barbara County District Attorney’s office.

Adam Michael Pirozzi, 40, of Santa Barbara, was arrested for multiple felony charges including financial elder abuse, according to an article in the Santa Barbara Independent. Pirozzi allegedly bilked 100 of his clients, according to the Santa Barbara County District Attorney’s Office. AMP Core, Inc. also does business as Santa Barbara Property Management and Harbor View Real Estate.
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Due to the ongoing investigation, few other details have been released about the allegations against Pirozzi. He is scheduled to be arraigned in Santa Barbara Superior Court on August 26. Anyone with information about Pirozzi or his company is asked to call District Attorney Investigator Kristin Shamordola at 805-560-1044.