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LLC for Real Estate Investing

Image from Pixabay

By Stephanie Mojica

A critical step for new and existing real estate investors is to form an LLC or Limited Liability Company. In the simplest of terms, an LLC protects an investor’s personal assets — whether those are cash, bank accounts, or personal property.

Whether the investor is into flipping houses or being a landlord, an LLC ensures that the person himself or herself does not actually owe any debt. The company is responsible for any contracts, debts, lawsuits, leases, and liabilities.

If business goes bad, the people and companies that believe they are owed money can only pursue the LLC — not the individual(s) behind the company unless fraud or another crime was involved, according to Yahoo! Finance.

However, there are some critical steps to take even after a real estate investor forms an LLC. Any properties must be purchased in the company’s name, not an individual’s name. This ensures the ultimate protection.

If someone buys a home to flip or rent out and ends up owing more on the mortgage than the property is worth, the bank cannot come after the individual if the home is officially owned by the LLC.

Image from Pixabay

A caveat is that many banks do not want to issue mortgage notes to a new LLC, because it’s risky for them. That’s why a business plan is so important. (See our past article “House Flippers Need a Business Plan” for a more in-depth discussion on this topic.)

Other potential drawbacks to an LLC come at tax time and when an individual transfers assets to it, so an attorney is probably a necessary resource, according to LegalZoom.com. Also, each state has different laws regarding an LLC.

However, done properly, an LLC seems to have more benefits than downsides. Other good news is that the costs are usually minimal. As always, before making any major decisions in such areas speak to a qualified real estate attorney.

Sources for this article:

https://finance.yahoo.com/news/form-llc-real-estate-investing-194323289.html

https://www.legalzoom.com/articles/forming-an-llc-for-real-estate-investments-pros-cons

http://reiwealthmag.com/house-flippers-need-a-business-plan/

Why Should Physicians Invest in Real Estate?

By Blue Ocean Capital LLC

Since the news emerged regarding doctors investing in real estate, more physicians are looking into this option. Not just because they want to get passive income but also because they want to further decrease their overall tax exposure. They want to slow down and avoid burnout. You would agree that we all enjoy practicing medicine but we want to have some degree of control over our lives and future. We can add that by including passive income for physicians. Would you agree?

Why should physicians invest in real estate? With a number of benefits, it’s a great line of work to delve into if you’re looking for a way to earn some passive income for doctors and physicians or add security to your retirement portfolio with the least amount of volatility.

The number of physicians investing in real estate is on the rise. According to recent data from the Urban Institute, a research organization based in Washington, D.C., nearly 41% of doctors have reported that they have invested in some form of real estate. The attractiveness of real estate, when compared to other investments, becomes more apparent as one takes a closer look at how a real estate investment can play an important role in the financial portfolio by increasing its overall returns.

Image from Pixabay

Real estate investing can give you a huge financial advantage as a physician, but many of you don’t even know where to start or how this investment tool could help your retirement. Today we’re going to tackle what you should know about real estate investing so that you can start taking steps towards realizing your financial potential today.

Tangible Rewards One reason physicians may want to consider investing in real estate is that they can see the rewards they reap. If you own your own practice, you probably work long hours and deal with the stress of running a business. The nice thing about passive investing in real estate is that you don’t have to deal with the day-to-day operations. Instead, you can hire someone to handle things and concentrate on growing your business and making more money. The main perk of being a physician is having the status, financial stability, and respect that come along with the job title. Investing in real estate allows you to achieve those same benefits without putting in 80-hour weeks. Your money is working as hard as you are while it grows in the background.

Image from Pixabay

Here are a few reasons that every Physician should strongly consider:

Investing in real estate is a great way to earn some passive income for Physicians and add security to your retirement portfolio. But why should physicians invest in real estate?

  1. Real estate has consistently outperformed all other investments, including the stock market.
  2. Many doctors lack the time needed to actively manage their own real estate investments.
  3. Diversification is key in any investment portfolio, and real estate can provide an excellent hedge against the volatility of the stock market.
  4. With the right guidance, doctors can get started in real estate with very little money down, allowing them to diversify their portfolios quickly while minimizing risk. Yes, you can start investing passively by investing 50k if you do it each year and compound it over 10 years at a 15% return you will end up above 1.3 million in your bank. Does it sound like an interesting way to grow your wealth while you are working at your primary job?
  5. Selling your primary residence is considered tax-free under current law, providing much-needed capital for future purchases.

Blue Ocean Capital Latest Offerings for Passive Income for Doctors

Mercury Multifamily portfolio is a fantastic value-add opportunity in the fastest-growing Arlington and Weatherford, Texas. A rare and augmented opportunity to join our team. Hurry Up! Invest Now the offering is Open for Investment. To access the Investor Kit which includes the live webinar replay, updated offering memorandum, and other details about the offering.

If you are interested in this opportunity, Schedule a free one-on-one strategy call on our calendar.

Also, have a look at our closed deals which help to earn passive income for Physicians and doctors.

Conclusion:

If you’re looking for a way to help grow your retirement portfolio without worrying about price fluctuations, investing in real estate may be right for you. In addition, if you plan on spending money on retirement travel or other expenses, investing in property can help ease the financial burden associated with those expenses. Please join our exclusive investor group for Professionals like you. www.bluoceancap.com

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Realty411’s Virtual Investor’s Summit

Join Realty411’s complimentary investing summit and learn from experts who are sharing important knowledge about real estate investing.

Join us at 9 AM PT for a special educational online REI event. Don’t miss this day as Realty411 will virtually unite some of the most successful, knowledgeable and savvy investors in the REI (Real Estate Investing) industry to help our readers make educated and informed decisions.

Joining us on this special conference to help guide our readers will be top industry experts ready to spill their secrets of success. Get educated, motivated and prepare for an amazing 2022 and beyond.

Normally, online events of this caliber have a hefty admission price, but Realty411 is making this special investor conference COMPLIMENTARY for investors of all levels who have a sincere desire to begin and/or expand their real estate holdings.

Since 2007, Realty411 has produced real estate-investing events and expos throughout the nation. Don’t miss the opportunity to experience this day in the comfort of your home or office. Be sure to read about our amazing featured educators.

Jan 22, 2022 09:00 AM in Pacific Time (US and Canada)

REGISTER NOW

SPEAKERS

Kathy Kennebrook
Founder @Marketing Magic Lady

Kathy Kennebrook is the ultimate success story. She spent over 20 years in the banking industry before discovering the world of real estate. After attending some real estate seminars this 4 foot 11 mother of two got really excited and before you know it she’d bought and sold hundreds of properties using none of her own money or credit. Kathy holds a degree in finance and has co-authored the books- The Venus Approach to Real Estate Investing, Walking With the Wise Real Estate Investor, and Walking With the Wise Entrepreneur. She is the nation’s leading expert at finding highly qualified, motivated sellers, buyers and lenders using many types of direct mail marketing. She is known throughout the United States and Canada as the Marketing Magic Lady. She has put together a simple step-by-step system that anyone can follow to duplicate her success.

Jeff Dixon, MBA, CISP, SDIP
Vice-President of Business Development @uDirect IRA Services

Jeff Dixon has been involved with financial services for over 30 years. He worked in the Mortgage field for many years helping clients understand the best way to finance and leverage properties. Currently he is with uDirect IRA Services, a self directed IRA company which helps people understand how their retirement accounts can be used outside of the stock market, into assets like real estate, loaning money and syndications, just to mention a few. He has owned investment properties and is very familiar with what landlords have to deal with. He has an MBA in Business Administration and is a constant reader.

Jim Biggs
Founder @GOB Network

The GOB Network of Apartment Investors, an open source, democratized all inclusive platform for apartment investors to source deals, partners, capital. The platform also provides coaching, mentoring, teaching and access to partnerships as GP, KP, LP, JV and other creative deal structures. Mr. Biggs has held a professional license in real estate, as an agent in the state of Florida’s Department of Professional Regulation, presided as President of Chesterfield HOA, held an insurance license and Series 6 Securities License with the Department of Professional Regulation in Illinois and is currently a Managing Broker for the State of Indiana. He is a member of the National Association of Realtors, Illinois Rental Property Owners Association, National Real Estate Investors Association, Northern Indiana Creative Investors Association, Chicago Creative Investors Association, Chicago Real Estate Investor Networking Group as well as several other community and professional associations.

Dr. Chander Mishra
Founder @Blue Ocean Capital

Chander Mishra MD MBA is an MF real estate investor and a sponsor, who has invested in over 3000 units across the US, worth over $200MM. Chander is the Founder and Senior Managing Partner of Accel Equity Group LLC, and Blue Ocean Capital a real estate investment firm specializing in multifamily investments, where he helps investors create wealth by generating double-digit returns by investing in the apartments. He is an author speaker and has appeared as a guest on multiple podcasts.Chander graduated from the MBA program at NYIT Ellis school of management and is a physician with a specialization in Cardiac Anesthesiology. He is an experienced entrepreneur, VC who has helped build and scale companies by improving their business operations and customer relations. He manages a portfolio of over 125 million at Accel Equity Group LLC, and Blue Ocean Capital he created an opportunity for investors to invest in large multifamily assets they usually don’t have access to.

Iva Mishra, MBA CPC
EXECUTIVE @Blue Ocean Capital

Over 14 years of property management, business consulting, HOA management, real estate, and asset management experience. She is a certified business coach, franchise consultant helping businesses grow by achieving goals. Iva continuously shares her knowledge and time with the local business community, nonprofits, school districts.

Happy New Year from New Sphere Capital and Realty411

New Sphere Capital and Realty411 would like to wish our colleagues, clients, and future clients a Happy and Safe New Year!

Ring in the New Year with funding for your next deal or business.

Introducing New Sphere Capital, a national finance company, offering Flexible Rental Loan Options for all Realty411 investors.

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Since 2007 Realty411.com has assisted top companies expand their visibility and quickly grow their business. Contact us for a complimentary marketing session, CLICK HERE.

Realty411’s Virtual Investor Conference – Learn to Grow Your Portfolio

Image by TeeFarm and kalhh from Pixabay

When       :  May 15, 2021 @ 9:00 am – 5:00 pm

Where     : Online/Virtual

Cost         :  Free

Contact   :  Realty411.com |  805.693.1497  |  [email protected]


Prepare for a Weekend of Investor Education and Motivation

learn-3653430_1280

Image by Gerd Altmann from Pixabay

Get ready for a weekend of solid education and extreme motivation on Saturday, May 15th and Sunday, 16th. Reserve the weekend now, and prepare for a special complementary virtual event.

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

Realty411’s 2021 Virtual Investor Conference will begin at 9 AM PST. The online event is complimentary to attend. Please note: Recordings will NOT be made available later, this is a LIVE CONFERENCE for dedicated investors.

Joining us on this special conference to help guide our readers will be HIGH-LEVEL industry experts ready to spill their secrets of success. Get educated, motivated and prepare for success for 2021 and beyond.

Realty411 wants to make sure all investors start 2021 with the right information to take them to new levels of success.

2021 success

Image by Gerd Altmann from Pixabay

With nearly 14 years experience in hosting live real estate industry events, in twelve states, Realty411 expo guests can rest assured that the best companies and professionals in the industry are invited. And, for our first virtual event of 2021, we’re bringing many of these awesome experts together for one special online conference.

This is the place to learn time-tested tips and techniques from some of the industry’s most sought-after leaders.

Normally, virtual events of this caliber are hundreds of dollars to attend, but Realty411 is making this special weekend conference COMPLIMENTARY for everyone.

TO LEARN MORE DETAILS, CLICK HERE OR BELOW:

https://www.eventbrite.com/e/realty411s-virtual-investor-conference-learn-to-grow-your-portfolio-tickets-150669202641

WHAT TO EXPECT — LEARN TO REHAB ONLINE – LEARN ABOUT HOT MARKETS FOR BUY-AND-HOLD INVESTORS – HEAR ABOUT OUR BIGGEST MISTAKES AND HOW TO AVOID THEM – NO FAIRY-TALES – HONEST, REAL AND RAW

Women in Real Estate — Build the Lifestyle of Your Dreams with Real Estate Investing

By Laura Alamery

In 1987, at the young age of 23, I had my first glimpse of a future as a real estate investor. It all started with my love of visiting open houses, which led me to obtain my real estate license to learn the industry. At the time, I lived in Hawaii where I found inspiration from the successful women real estate agents around me. After a move to the Midwest in the early 1990s, I quickly learned that the commissions and energy around real estate weren’t as inspiring. For me, this led to the transition from real estate agent to real estate investor. Over the next few years, I launched into real estate investing while managing a young family and career. After a divorce, I realized I needed to leave my corporate job and fully dedicate myself to establishing a reliable income and building long-term wealth through real estate investment.

learn-3653430_1280Image by Gerd Altmann from Pixabay

Along the way, I made mistakes, learned many valuable lessons and ultimately built a lasting and successful real estate investing business. Today, I use that knowledge and experience to help other women launch and grow their real estate investment businesses at Real Estate Investing Women, a resource for training, live events and networking in a community of likeminded women.

Lessons for New Real Estate Investors

Looking back at how I built my real estate investing business, I now have the wisdom to see the ways I would change my strategies to avoid mistakes and build wealth with fewer risks. One of the big lessons I like to share with new female investors is to trust your instincts. The ability to tap into our gut feelings to make decisions is a benefit that makes women a natural fit for real estate investing.
Another piece of advice is to use money from your real estate investments to buy more real estate, instead of putting all your personal money into investments. The challenge is finding the money to start out. The mistake I made was purchasing too many buy and hold properties too quickly. This led to unnecessary risk and eventual burnout. I now tell new investors to start with one buy and hold property and grow slowly.
However, unlike my path into real estate investing where I dabbled in fix and flip, moved on to buy and hold and then finally figured out how to work wholesale deals, I suggest new investors start with wholesale deals. Wholesale isn’t easy and requires work. Yet, wholesale real estate investing has lower risks than other investment strategies. real estate womenWith wholesale investing, you learn while making money. In fact, wholesale investment is a great way to delve into the details of real estate investing without taking possession of properties. Set aside the money you make money through wholesaling to build the financial foundation of your real estate investment business. Not only does wholesaling produce quick profits, it also establishes a portfolio that you can use to attract private money. Creative financing with private money gives more control over your real estate investing business. Private money safeguards against the volatility of the market.
As your business grows, you then have the money, knowledge and reputation to tackle larger-scale investments with bigger risks. Ultimately, this is how you build a viable business and path to long-term wealth and the lifestyle of your dreams.

Three Keys to Success in Real Estate Investment

success-3195027_1280Image by Gerd Altmann from Pixabay

While real estate investment offers many different strategies and paths to wealth, the keys to success come from your determination to make it. When I finally became serious about real estate investment as my career, I was newly divorced with three small children. I gave myself six months to build a business that allowed me to walk away from my corporate job.
Looking back, the three keys to my success were focus, consistency and time management. These areas were critical to get me out of my comfort zone and take real estate investing from a hobby to a true business.
women in real estateOften when I talk to women interested in real estate investing, the barrier they struggle with most is the confidence to take the first steps. Men historical dominate the real estate investing industry, which makes trusting your abilities as a female investor even more intimidating. However, with these keys to success and the support of other successful female investors you too can create a prosperous business. Focus – A serious approach to real estate investment requires focus. This means you create actual goals for your business. For me, my goal was to quit my corporate job within six months. This meant I needed to close at least one deal per month, which required willpower fueled by my excitement and inspiration. My eyes stayed on the prize. Consistency – You cannot build anything without consist dedication. To exceed my goal of closing one deal per month, I had to work daily toward that goal. Remember, I was a working, single mom, yet I put in time daily to find, connect and close deals. It was this consistent effort that led to achieving and surpassing my goal. Time Management – Life is busy. This is true of almost everyone I meet. The difference in the people who grow a sustainable business that produces wealth and those that don’t is good time management. During my six-month transition, I realized that a little sacrifice could change my life. Good time management means you don’t waste your time. Instead, you find those pockets of time to dedicate to your goal. For me, this meant working on weekends and evenings until I had the money to quit my corporate job.

Identify Your Dreams and Go After Them

shield-1519642_1280Image by photosforyou from Pixabay

Over the course of my life, my dreams have changed. Yet, the basic dream has remained. I desired to have financial freedom and independence. I achieved that dream through focus, consistency and time management. I continue to use these tools today in my new ventures.
For me, my dreams included taking care of my family, a flexible schedule, world travel and helping others. One of my passions is helping other women identify and go after their dreams by building successful real estate investing businesses. You don’t have to let a lack of confidence stifle your dreams. Instead, tap into your natural instincts to create a path to your dreams.
women powerWomen benefit by helping other women. In real estate, I’ve never feared scarcity. There are more than enough deals for everyone. My dream now is to leave a legacy by empowering other women. My work at Real Estate Investing for Women is one way I work toward this goal. Through mentoring, community building, live events and online resources, like podcast, articles, eBooks and more, women have access to unprecedented knowledge and encouragement. As I look back over my more than 30-year career in real estate investing, I see a story of hard work and determination. I also see the gift of my dream lifestyle that real estate investment empowered. You too can find the lifestyle of your dreams through a focused, consistent and well-managed real estate investment business.

Laura and Elizabeth

To Learn More about Real Estate Investing for Women:

Laura Alamery and Liz Klingseisen are a mother and daughter team, who are real estate investors and mentors to other women. Their goal is to empower and help women, who want to learn about real estate investing through a supportive and experienced community of women investors. We offer training and live events nationwide. You can learn more at www.realestateinvestingwomen.com

OFFICER AND HANDS-ON REAL ESTATE INVESTMENT TRAINER PUTS STUDENT SUCCESS FIRST

By Karen A. Walker

For Los Angeles Police Department (LAPD) Officer and master real estate investment teacher and trainer Alton Jones and his wife, Rocio, it’s all about relationships, helping others succeed and being your best self. Every day. Every minute.

But while Jones has helped people succeed in real estate investing beyond their wildest imagination, he doesn’t promise, and never himself expected, overnight success. His experience as a police officer prepared him for that.

He knows first-hand that success takes learning, listening, focus, persistence, a good sense of humor, a healthy dose of humility (did I mention persistence?!) and, most importantly, taking action.

That last step—action—can be the most difficult, but simply doing the right things and repeating until it become second nature marks the difference between success and none.

“It’s one thing to talk about it,” says Jones, “but a totally other thing to actually DO it!”

Did you say police officer?

Jones has been an LAPD policeman for more than 34 years. For the first 16 of those years, he served as a full-time, active duty officer. After that—to this day—he serves as reserve officer.

In the last 10 years, Officer Jones has been honored as a Reserve Officer of the Year. Twice!

“Officer of the Year is a big deal,” explains Jones. “A few officers are selected each year and honored for exceptional service during the year. About 600 people attend the honoree dinner, and it’s really a big deal, with any funds raised going to help the families of fallen officers or others in our police family who need it.”

At his more recent honoree event, the main cast and the creator of the TV series THE ROOKIE attended, which made it extra fun.

People skills

Just as in police work, real estate investing involves good training and good people skills. Relationships matter.

Knowing how to talk with a myriad of different types of people can mean the difference between life and death in police work.

“As an officer, especially on patrol, you have to talk with so many different kinds of people—victims, drug dealers, the mentally unstable, drug users on a high, the traumatized, witnesses, violent or less violent criminals,” says Jones. “Good officer safety skills are critical. You also have to be able to get accurate, useful information from witnesses. Those statements have to be able to hold up in court or identify a perpetrator, so you have to know how to ask a question and which information to pursue.

“In addition, sometimes you have just seconds to assess a situation or persons involved. Knowing how to quickly assess and talk with different people can determine if you come home that day.”

In real estate investing, regardless whether you are fixing and flipping houses, negotiating fair win-win deals, managing contractors, or teaching others your proven system for success, it’s critical to develop good people skills and to build strong relationships.

And to build any kind of relationship, you have to be a person of integrity in words and actions.

Knowledge alone isn’t enough

“It’s one thing to talk about it, but it’s a totally other thing to actually DO it!!” says Jones, who gets his students quickly to action.

Again, the comparison to police work is clear.

In the training process you learn how to talk to different people, what you need to ask and what to do in different situations, what information you need, and so forth. But learning it in a classroom doesn’t make you successful.

It’s a different story when you get out on the streets and you’re talking with real people, or in the chaos of an incident and trying to sort it out.

Same for the investor.

Practice (i.e. taking action) sharpens people skills until the right thing to do in negotiating an opportunity or managing contractors becomes second nature.

Never stop learning: Mentors matter

Alton always says, “It’s OK to copycat, as long as you copy the right cat.”

Jones got into the rehab, fix and flip business in 2009. But he didn’t do it alone. He chose his mentors well. He invested in himself and in his success, and he hasn’t stopped to this day.

Even with the success he and his wife have achieved and continue to achieve… even with his rapid rise to being asked and encouraged by his mentors to become a teacher for others, beginning in 2013… even with his popular books and with the success he and his wife continue to nurture and grow in themselves and others… even with all that, Jones continues to listen and learn from others.

Two of his stand-out mentors are Ron LeGrand and Dan Kennedy.

From his mentors, Jones learned early on that to be successful you must be purposeful in all you do. You must run your business as a business, not as a hobby.

He learned what to do and how to do it.

He also learned to expect uphill battles and set-backs, even after you’ve achieved remarkable success.

It is what it is.

Be prepared. Go forward. Keep your eyes on the prize, on doing the right thing, and on serving others.

Knowledge alone isn’t enough

“The majority of people will tell you ‘no,’” says Jones. “So what? You have to rise above. There’s EGO, but you gotta drop the “e” and just GO!

“In the police department you have to have the will to live. You learn and you have to face the reality every day that there are people who want you dead, but you have to — you MUST — have the will to LIVE. That keeps you doing the right things, following the good skills and training you received.

“In developing a real estate business, you have to have the will to WIN. That keeps you focused on the end goal. It keeps you going forward.”

Good mentors tell you the truth. They also practice what they preach.

The best mentors don’t just deliver knowledge. They don’t teach swimming lessons while standing on the edge of the pool. No. The best mentors lead by example. They get in the pool with you and show you how it’s done. They insist you get into the water and learn how to swim for yourself. And they’ll be with you every step of the way, IF you allow it.

When Jones holds training sessions and boot camps, he tells it like it is. With a smile, he calls himself a minister of truth. He doesn’t deliver what attendees might want to hear. He delivers the reality, the truth.

Rehab 2 Riches

It was an unexpected honor when Ron LeGrand, in 2016, not only praised the system for success Alton and his wife had developed, but when he also strongly encouraged Jones to launch his own training courses on that very system.

Alton’s Rehab 2 Riches courses, bootcamps and more soon followed, to popular acclaim by attendees.

“I believe what we do changes lives,” says Jones. “People who come to one of our events, they’ll make a life-changing decision at that event. Those relationships made at our events can take you from $0 to self-sufficient.”

Jones smiles when he talks in his bootcamps about the importance of building a Million Dollar Rolodex of exceptional resources for your business. “These days there are a lot of people who don’t know what a rolodex is,” he says. But it hasn’t held any of his students back. They still understand the point.

Jones practices in three markets—southern California, Dallas and Memphis. Of all these, however, his preference is his beloved southern California.

For more information, go to Rehab2Riches.com.

Alton Jones says that in this business there are five things you have to do to succeed:
1. Locate prospects
2. Pre-screen prospects
3. Construct and present offers
4. Follow-up
5. Close quickly

Books by Alton Jones include:
• Ask Me How I Know? Four biggest house-flipping mistakes that made me millions, by Alton Jones

————————

Karen Walker is the founder and executive producer of The Mentors Radio Show (TheMentorsRadio.com)

Turmoil: The Storm Of Change & How To Thrive In It

If you’re in real estate you’ve probably smelled the storm just over the horizon. The question is where it will hit, when it will hit, and just how bad it will be? More importantly, how can your business and portfolio not only survive in the eye of this storm, but thrive?

Meet Bruce Norris

You may already be very familiar with The Norris Group and their exciting hard money lending programs. Leading the company is President, Bruce Norris.

Bruce Norris has been investing in real estate for over 35 years. He’s been involved in thousands of property and financing transactions. We could fill this page with his accolades. Yet, what he is best known and most respected for in the industry is his reports.

There have been others who appear to have successfully called downturns. Others have created names for themselves in good times and betting on the market going up.

What’s unique about Bruce is that he has proven to be able to successful predict both market crashes and upturns. He has been called on by many organizations up to the highest levels to share his expertise and insights on market trends. That includes the California Builders Industry Association, California Association of Realtors and Mortgage Bankers Association.

In our exclusive interview Bruce told Realty 411 that he started out flipping houses in 1981. He admits that like many new investors he knew little about timing the market. He ended up with 7 brand new custom homes that weren’t selling. He learned some tough lessons.

Then in 1995, his son graduates college. He bought him a Honda Civic. Then a few days later found a house for sale in California that cost even less than the Honda. He saw incredible opportunity. Yet, really wanted to dig in and understand the markets, how to time them, how not to lose money, and how to invest his own money in the safest and most profitable way.

This led to his first report that he published in 1996. In 2006 he released a report calling the most recent major housing crash and foreclosure crisis. In 2012, he invested in line with his report and went all in on real estate. The market has gone up 100% since then.

Turmoil: The Coming Storm Of Changes

Now the real estate industry is once again feeling a lot of uncertainty. Perhaps with the exception of Bruce. There has been a lot of talk about a new recession and crash. While many investors keep engaging in the market. This year’s presidential election is no doubt to to bring many more attempts to send us all on an emotional roller coaster ride full of fake news.

Bruce says “There are no real estate I am afraid of.” He’s mastered looking at historical and current charts and overlaying the data, and remains bullish on the market.

What does concern him is a new era of legislation and policies which are wild cards with the potential to be extremely disruptive to investors in some of the most progressive states, like California.

He feels this is such a pressing issue that more investors need to be alert to that he has set up a panel and new event on February 1st, 2020 to equip investors with this critical information.

Major Factors That Could Impact The Market In 2020 & Beyond

State Politics

One of the big issues today is what things can be changed by popular vote versus by proclamation of state government, regardless of how its constituents feel. This puts residents at danger of rogue actors.

California has certainly become the poster child for aggressive new rules lately. Among them are sweeping rent controls, Prop 13, taxes, and the new ban on freelance workers which has the potential to create massive unemployment.

Then there is also city and state pension issues and the fact that many are not going to be guaranteed the money they were promised, or have already been counting on.

Fed Manipulation

Student debt, health insurance, guaranteed income programs, climate change laws and other major policies could all impact the markets on a large scale. We may see a lot more of this after the upcoming election.

Technology

5G is likely to be one of the biggest game changers of the next decade. Yet, the US continues to be behind in this critical technology and factor in global competitiveness.

Other technologies may become more essential for remaining competitive and profitable in this new landscape.

Surviving & Thriving

While these factors could throw some serious curve balls at California investors, and New York is rarely far behind, Bruce is still confident in the US property market.

Looking at the charts he says even California is more affordable than it used to be. He points out that at least for now we’ve been enjoying the lowest unemployment rates in the last 50 years, and interest rates remain low. Put in perspective, he believes the market justifies more sales, more building and higher prices. He says this is even truer of Florida. The Sunshine State which is enjoying great population growth, has no state income tax and isn’t as crazy at enacting these new sweeping rules.

So, what’s Bruce doing with his money?

A look at The Norris Group website shows they are still lending to investors. In addition to their traditional rehab loans and refinancing rentals, they are also now lending to build and flip investors in Florida, and on ADUs for rent in California.

Their investors are getting attractive 6% to 10.5% returns on capital invested in first trust deeds and mortgages without pooling their money. Far better than a lot of operators are promoting today.

Get Smart

Get all the details on these factors, what to watch out for and their potential impact at Bruce’s upcoming event. Then master restructuring your portfolio and making new moves in 2020 with confidence. Register for the event at TheNorrisGroup.com/Turmoil

Invest for Success!

By Dr. Albert Lowry

You no doubt want to be a successful investor, but you need to know how to move beyond the wishing stage. I have some tips to help you get started and learn what to do to keep yourself on the right path. We’ll take a step-by-step look at how you too can go from just a dream of being a real estate entrepreneur, to having your own real estate portfolio that is your key to financial freedom for life.

First, you must set goals. Don’t just think about them, but instead put them in writing. The act of writing has the effect of making your goals more real and getting them into the subconscious part of your brain, so that they are always there in the background, motivating you.

Another important point to understand to prepare yourself for success, is that risks and sacrifices are involved. You already know that just about anything that has big potential rewards means that you need to push yourself out of your comfort zone, and this is no different.

Simply put, if you don’t make the effort, you won’t experience the reward. Here’s the level of effort that I suggest: at least one hour per day devoted to studying real estate investing concepts and their real-world applications.

On weekends especially, you have the opportunity to explore the real estate market in your own area by touring neighborhoods, looking at houses, networking with people, and building up a base of knowledge about prices, amenities, desirable areas, and more. You’ll sacrifice the time that you would have spent napping or watching TV, but the potential payoff is long-term financial independence for yourself and your family.

As I mentioned, there is risk involved. Any investment that can make money for you can also lose money. That’s a fact of life, but there are ways to tip the balance sharply in your favor. You can protect yourself by ensuring that contracts are written to your advantage, by paying attention to both what is in a contract, and also what’s not. It is imperative that you read and understand everything that is contained in the contract, including all clauses, and also foresee any contingencies that are not mentioned. You may even choose to have a real estate attorney to help you review property contracts to be sure that there are no “gotchas.”

Now, I promised that I would provide you with step-by-step instructions to Invest for Success. This is a quick thumbnail sketch of the 7 steps involved in the process and important points to know. You’ll tailor a plan for yourself, but this will give you a good start.

  1. Develop a simple plan. Keep your real estate portfolios local and plan to focus on single family homes at the beginning.
  2. Learn your market. We touched on this earlier because it’s important to know prevailing costs per square foot, develop the capability to assess quality, and have a good working knowledge of which amenities are desired in your area. That will give you the ability to spot bargains. Using a mentor who has succeeded in real estate investing can help you fast-track this process.
  3. Think like a businessperson. Like any business, you will want to buy at wholesale and sell at retail. You’ll make businesslike assessments of each property to determine whether it should be held for rental income or sold for resale profit.
  4. Learn to identify hidden bargains and act quickly. Acting quickly does not mean acting impulsively, though. You still will carefully structure your contracts with contingencies and the option to assign the contract, which will protect your interests and profit potential. If your plan is to flip, be sure beforehand that no “major surgery” on the property is required. Any improvements you plan to make should be visibly beneficial and have the potential of raising the rental price or the resale value.
  5. Learn landlording. Even if you plan to turn the task over to a professional management company, you still need to know the fundamentals of how to manage properties and tenants. Otherwise, how will you know whether a management company is doing a good job for you, or not?
  6. Establish trade accounts with companies such as building supply stores. This will enable you to save money, get into the loop with local tradespersons and other real estate professionals, and build your line of credit. It will also help you establish good bookkeeping, which gives you a sound basis for business decisions on your properties. I suggest keeping a daily log for your expenses. You’ll be glad you did when you’re doing your recording keeping, and at tax time.
  7. Borrow money for your investments. You can use banks, 50/50 partners, or private individuals. When you use seller-assisted financing, creative financing terms are often possible, such as shared future appreciation on the property or no-money-down deals.

In summary, decide what you’d like to do, and ensure that you have the proper knowledge and formula for success to make it happen. Remember that nothing at all happens for you unless you take action, so why not get started on your dream today?

Your partner in prosperity,

Dr. Albert Lowry