Posts

Underwater Homes and Short Sale Solutions

/in , /by

By Rick Tobin

Many homebuyers who purchased their homes near the peak of the latest 7-year “boom” or positive valuation cycle earlier in 2022 now may have zero or negative equity. This is partly due to the fact that so many owner-occupied home buyers came in with very low to no down payments anywhere between 0% (VA loans) to 3% (Conforming) or 3.5% (FHA). It may cost the average seller 6% to 8% in real estate commission fees, title, escrow, and transfer taxes to sell their homes which actually makes the number of underwater (mortgage debt exceeds current market value) properties higher than what’s reported.

Black Knight’s October 2022 Mortgage Monitor report shared details about how 8% of homes purchased in 2022 were already underwater and that almost 40% of properties had less than 10% equity left in their homes. The hardest hit property owners were first-time home buyers with small down payments such as seen with FHA, Conforming, and VA. Should home values fall 5% to 20%+ next year, then the number of underwater properties will rise like the tides during a peak moon cycle.

ADVERTISEMENT

According to Black Knight, more than 20% of the 2022 FHA/VA purchases had negative equity as of October 2022 and a whopping 66% had less than a 10% equity stake. Black Knight also reported that excluding the time near the start of the pandemic the “early-payment default” (EPD) rate, which tracks mortgage delinquencies within the first six months of origination, hit the highest level since 2009. 

The good news is that there’s still some high percentages of equity for homes purchased prior to 2022 due to how fast those homes appreciated nationwide over the past 10+ years. For example, the negative equity rates for all properties nationwide still remains historically low near 0.84% as of the third quarter of 2022. These very low negative equity numbers may change and rapidly increase in 2023 if mortgage rates keep rising and home values flatten or decline.

The #1 reason after the loss of income for why a homeowner is likely to walk away from their home and mortgage payment obligations is when their property is upside-down or underwater with negative equity. While the homeowner may be drowning in debt with a financial anchor that takes their home equity is underwater and figuratively sinking as well. 

Maritime Admiralty Law and Money Terms

You are primarily made up of water. In fact, upwards of 70% of your body and 80% of your brain is derived from water. Iodine is the body’s natural disinfectant, so effectively you’re made up of saltwater somewhat like found in one of the Seven Seas (Atlantic, Pacific, Arctic, and Indian Oceans, the Mediterranean Sea, the Caribbean, and the Gulf of Mexico). If you’re fortunate enough to live near the sea, you probably own a much more valuable home due to the higher demand for coastal properties.

Did you know that the early origins of US law and taxation authority come from Old English Common Law and Maritime Admiralty Law? Common Law is determined by past judicial or courtroom decisions or verdicts in civil and criminal courthouses.

Maritime Admiralty Law is also referred to as the Law of the Sea. It’s a body of private international law that governs relationships between private parties or business entities which also operate ships or vessels. The law of water dominates the entire planet partly since about 71% of the Earth’s surface is covered in water.

Let’s take a look next at how money, real estate, water, and taxation share many hidden and not-so-hidden meanings or double meanings:

Merchant banker: Merchant banks were the first modern banks which evolved from medieval merchants that traded in various commodities such as cloth merchants. These merchant bankers also helped finance the sales of these goods. “Mer” is also defined as sea as seen with the word Mermaid (woman of the sea).

Flipper: The name of a beloved dolphin in a television show from the 1960s because the dolphin completed amazing flips in the air. A home flipper, on the other hand, is an investor who purchases distressed and discounted fixer-upper properties prior to remodeling and later selling or “flipping” them. A flipper who sells his rental property in less than a year will probably pay much higher tax penalties for his or her short-term gains.

Whale: A very wealthy client or organization with lots of money.

Loan Shark: A third-party lender who typically offers very expensive loans for fairly short periods of time over weeks, months, or a few years to motivated clients who may be short of funds.

Cash flow: Real estate investors strive to find assets that create positive and consistent cash flow or income streams just like they may see at their nearby river where they may fish. For real estate investors who are fortunate enough to have a positive monthly cash flow while letting their money work hard for them instead of vice versa, they will have more time to fish or go boating.

Sink: A poorly managed rental property or significant debt can sink you financially and pull you to the bottom like a falling anchor.

Float: When you’re running out of cash, a bank loan can float you like a lifebuoy so that you keep your head above the water and don’t figuratively “drown” in debt.

Liquid: A person with lots of access to money or capital is described as being liquid or having exceptional liquidity. Conversely, a person with no money is illiquid.

(River)bank: A courtroom judge rules from the bench. In Latin, bench translates as bank. Most courtroom disputes are monetary disputes, so the judge acts somewhat like a merchant banker while trying to balance out the assets and liabilities. Banks also are located on both sides of a river or riverbank.

Docs: Boat or larger ships are tied to docks when not at sea. Clients sign loan docs or documents when purchasing a property with a mortgage.

Current-sea: All nations have their own acceptable currency like the dollar. Seawater also flows via an ever-changing current.

Underwater: A property that has more mortgage debt than the current market value.

Soak: You may be familiar with the “Let’s soak the rich” phrase when some people are demanding that wealthier Americans pay their “fair share” of taxes.

Levy: For taxation purposes, a levy is the government’s right to seize your property if you don’t pay your taxes. For water purposes, a levee protects dry land from water damage that may originate from a nearby river or flood channel.

Sinking Prices and Short Sales

“I can’t change the direction of the wind, but I can adjust my sails to always reach my destination.” – Jimmy Dean

If you think a financial storm is coming on the horizon, you can either do nothing as the figurative waves crash over the front of your boat’s bow until it sinks or you can adjust your sails and head off towards safety, sunshine, and new prosperity. Today, you’re more likely than not to read negative news about real estate and the financial markets as we’re near the low point or trough of the economic wave or cycle.

Kieran Clancy, a senior economist at Pantheon Macroeconomics, published a recent analysis about how he thought that home values may fall 20% from their June 2022 peak wave highs. New home listings fell 19% from the 2017-2019 levels, which was the largest deficit in six years aside from the early pandemic and lockdown months in 2020.

Home delistings reached an all-time record high by November 2022 as more sellers got frustrated with fewer buyer prospects who also weren’t offering high enough purchase price offers for many of the sellers. A record 2% of homes for sale across the nation were delisted as being offered for sale every single week on average for 12 consecutive weeks through November 20 as per Redfin.

ADVERTISEMENT

An underwater and a potential short sale deal is a home sales situation where the mortgage debt exceeds the current market value at the time of the sale. The seller and advising real estate and mortgage licensees can assist with persuading the existing lender or mortgage loan servicer to significantly discount their debt concurrently at the payoff of the short sale. This way, the seller doesn’t lose more money, the buyer pays fair market value, and both the listing and buyer’s agents receive their commissions.

Some of our past clients who came to us for financing have worked on several thousand short sale deals, so our team is very experienced with offering solutions for all parties involved. For motivated sellers, you should set realistic home listing prices in the near term to maximize your profits or to minimize your losses. For real estate licensees, you should learn more about how short sales and creative seller-financed sales can help you and clients at a much faster pace while increasing gains or reducing losses at the same time.

What goes up must come down, but it also can build up powerful future momentum like a peaking wave crest as we “surf” or “sail through” the continuous boom and bust wave cycles!!!

Rick Tobin

Rick Tobin has a diversified background in both the real estate and securities fields for the past 30+ years. He has held seven (7) different real estate and securities brokerage licenses to date, and is a graduate of the University of Southern California. Rick has an extensive background in the financing of residential and commercial properties around the U.S with debt, equity, and mezzanine money. His funding sources have included banks, life insurance companies, REITs (Real Estate Investment Trusts), equity funds, and foreign money sources. You can visit Rick Tobin at RealLoans.com 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.

The Next 7-Year Housing Cycle

/in /by

By Rick Tobin

I’ve shared written content in numerous articles, real estate courses, and in college textbooks over the past few decades about how we’re likely to see 7-year boom and bust cycles that especially affect real estate. Almost all boom and bust cycles for housing, stocks, bonds, and the rest of the financial markets are directly tied to the direction of short-term and long-term interest rates.

The Federal Reserve will first flood the markets with “easy money” prior to slamming the figurative brakes by tightening up access to the money supply partly by raising rates. Positive or booming housing market eras usually take place when interest rates were below historical averages and had more flexible mortgage underwriting allowances like experienced during the peak no income qualification and subprime credit mortgage years between the late 1990s and 2006.

ADVERTISEMENT

History tends to repeat itself partly since the Federal Reserve, US Treasury, and consumers generally follow the same strategies and steps. First, the Federal Reserve lowers rates to stimulate a sluggish economy which increases demand for housing assets while pushing inflation rates skyward right alongside increased government spending. Then, asset prices, consumer spending, government deficits, and money creation grow too quickly prior to the Fed raising short-term rates while making the housing market and overall economy cool down.

In many ways, the 7-year boom and bust cycle becomes more of a vicious cycle or downward cycle in that these financial actions can overinflate asset bubbles prior to them later popping. Energy price directions are generally a root cause of inflation. Housing prices, inflation, and oil costs are more likely to rise and fall together while the purchasing power of the dollar or petrodollar (“oil for dollars”) goes in the opposite direction in an inverse seesaw-like direction.

“The definition of insanity is doing the same thing over and over and expecting different results.” – Albert Einstein

7-Year Financial Cycle Examples

Let’s take a look at the last 7-year boom and bust cycles over the past 49 years to better understand how the current and future market directions can be more clearly seen or anticipated:

  • 1973 – Oil Shock Crash: This was directly related to the end of Bretton Woods when the “gold standard” was switched to the Petrodollar (“oil for dollars”) system beginning earlier in 1971. Between October 1973 and January 1974, oil prices quadrupled within just a few months due to the ongoing OPEC (Organization of Petroleum and Exporting Countries) Embargo, or the reduction in oil production, increasing U.S. demand, and skyrocketing oil prices for consumers.
  • 1980 – Record High Interest Rates: This is primarily because energy costs started to rise while the purchasing power of the dollar fell. As a result, the Federal Reserve began pushing rates skyward starting in 1978. For example, the Fed increased their Fed Funds Rate from 6.75% in January 1978 to 10.25% in April 1979 and later to 20% in December 1980. The US Prime Rate for the most creditworthy borrowers reached 21.5% in December 1980 and the 30-year fixed mortgage rate peaked at 18.6% in October 1981. Shortly thereafter, seller-financed home sales became more appealing because fewer buyers could qualify for these high double-digit mortgage rates just like they may in 2023 and beyond.

ADVERTISEMENT

  • 1987 – Black Monday Stock Market Crash: On October 19, 1987, the Dow Jones index fell by more than 22% in just one day, which is still an all-time record overall percentage loss. For better perspective, a 22%+ price drop for today’s 33,000+ Dow Jones index would equal more than a 7,000 point drop in one day. All of the 23 major world markets at the time experienced huge losses for the October 1987 time period. Eight of these markets declined by 20% to 29%; three fell by 30% to 39% (Malaysia, Mexico, and New Zealand); and three market regions dropped by over 40% (Australia, Hong Kong, and Singapore).
  • 1994 – US Bond Market Crash: In spite of low inflation rates at the time, the Fed thought it would be wise to increase rates from 6.2% in early 1994 up to 7.75% by mid-September. These quick rate hikes eliminated upwards of $600 billion of Treasury bond values in the US and caused international bond losses that were closer to $1.5 trillion.
  • 2001 – Stock Market Crash and 9/11: After the longest shutdown of the stock market since 1933 following the tragic 9/11/01 day, trading resumed on September 17th prior to the Dow tanking 684 points (a 7.1% decline). For this first week back in session, the Dow dropped a total of 1,370 points (or a 14% loss). The S & P 500 index fell 11.6% for the first week back after 9/11. Upwards of $1.4 trillion of stock value vanished for the first five days of trading after 9/11. Shortly thereafter, the Federal Reserve began a series of significant rate cuts which directly boosted stock and real estate values for many years up until the official start of the “Credit Crisis” in August 2007.
  • 2008 – Stock Market Crash: The Dow Jones fell an unlucky -777 points in one day on September 29, 2008, which was then an all-time record point loss. Quantitative Easing that began in November 2008, Operation Twist (Fed simultaneously bought and sold short-term and long-term bonds to drive overall rates downward), and other bailout strategies began shortly thereafter in order to attempt to boost stock and real estate values while artificially suppressing interest rates at later dates to near or at all-time low mortgage rates. The Dow Jones later reached a low of 6,547 on March 9, 2009 before Quantitative Easing kicked in and boosts a stock and real estate boom for many years.
  • 2015 – Currency Wars and Stock Market Pricing Glitches: The currency wars between the BRICS (Brazil, Russia, India, China, and South Africa) start to escalate in this same year with America’s Petrodollar (“oil for dollars”) currency system. As more nations start using BRICS financial instruments, many stock and bond trading platforms begin to experience significant disruptions in their asset prices. As a result, many large investors pull their funds out of stocks and bonds prior to later reinvesting the funds in residential and commercial real estate in the US partly for more pricing stability. Today, more nations are becoming BRICS members and leaving our Petrodollar system which may weaken the dollar further and push inflation rates higher.
  • 2022 – Record Inflation and Fastest Rate Hikes Ever: The published inflation rates, which are much lower than the actual inflation rates partly due to how the inflation measurement guidelines keep changing, reach all-time record highs that exceed the 1979 to 1981 era. The Fed’s rate hike pace in 2022 is potentially as much as the 2004-2006 rate hike era when the Fed increased rates 17 times from 1% to 5.25%. However, the Fed has a much more rapid pace to increase rates as much in just 12 months instead of 24 months between January 2022 and January 2023. The 30-year fixed mortgage rate increases from 3% or below to 6%, 7%, and 8%+ within this same calendar year and home prices start to flatten or decline.

Massive Oil Price Swings

Between mid-2014 and early 2016, the global economy faced one of the largest oil price declines in modern history. The 70% price drop during that period was one of the three biggest declines since World War II, and the longest lasting since the supply-driven collapse of 1986. There were seven previous 35% + oil price drops within the time span of between 12 and 18 months going as far back to 1986 up through 2008 which were as follows:

  • 1986 – “Oil Supply Shock” in Saudi Arabia
  • 1988 – Second stage of the 1980’s oil glut
  • 1991 – Gulf War end “Relief Rally”
  • 1993 – Weak worldwide demand and rising OPEC / North Sea production
  • 1998 – Price collapse related to the Asian markets bond and derivatives defaults
  • 2001 – High Tech, Telecommunication, and NASDAQ collapse and 9/11
  • 2008 – The Credit Crisis and the near implosion of world’s financial system

There were three additional 35%+ oil price swings within the same calendar year in 2020, 2021, and 2022 as the energy and financial markets got more volatile or unpredictable. In 2020 after the global coronavirus pandemic was declared on March 11, 2020, oil prices fell from a price peak near $70 per barrel to a negative price of -$37 per barrel. Back then, the price of the barrel was worth more than the oil inside for a short period of time. In 2021, oil prices swung from a high near $85 to a low closer to $47.

For the 2022 year, oil prices went skyward to over $122 per barrel for West Texas Intermediate (WTI) oil in March due to increasing global conflicts like seen with Russia and Ukraine and other factors. Later in the year as the economy started to weaken and demand for consumer goods, services, and assets like real estate started to fall, the WTI oil prices per barrel declined to $77 in early December.

Out of Chaos Comes Opportunity

Whether a market is busting or booming, you can create generational type wealth that can be passed on to your heirs if you’re ahead of your competition by keeping your eyes wide open. The old nursery school rhyme song that goes “the wheels on the bus go ‘round and ‘round, ‘round and ‘round, ‘round and ‘round” is something to keep in mind when watching either the start or end of a 7-year boom or bust cycle. Or, you should study the past to better understand the present and future potential financial trends.

Another warning sign to pay close attention to is the ongoing inverse yield curve situation where short-term bond yields are higher than long-term bond yields when they’re supposed to be the other way around. For example, the spread between a relatively short 2-year Treasury yield of 4.36% reached an all-time record spread difference of more than .82% higher than a 10-year Treasury yield which reached 3.54%. Historically, inverse yield curves are a signal that the financial markets are about to significantly weaken.

Whether the economy is becoming stronger or weaker, there’s opportunity for you as a buyer, seller, investment advisor, or as real estate licensee. For investors and first-time buyers, you might find a motivated seller who will sell their home at a discounted price and carry some equity as a new 1st, 2nd, or as a wraparound (land contract/contract for deed or all-inclusive trust deed or AITD). For real estate licensees, you might want to start learning more about how short sales work and how you can help bail out your clients with forbearance, loan modification, “subject-to mortgage” purchases, foreclosures, “cash for keys” deals, or bankruptcy situations.

Stay focused on your goals and targets in life rather than on any temporary obstacles. If and when the economy starts to really weaken and home prices flatten or fall, the Fed may then be inspired to start cutting rates as fast as possible prior to reigniting the next 7-year boom cycle.

Rick Tobin

Rick Tobin has a diversified background in both the real estate and securities fields for the past 30+ years. He has held seven (7) different real estate and securities brokerage licenses to date, and is a graduate of the University of Southern California. Rick has an extensive background in the financing of residential and commercial properties around the U.S with debt, equity, and mezzanine money. His funding sources have included banks, life insurance companies, REITs (Real Estate Investment Trusts), equity funds, and foreign money sources. You can visit Rick Tobin at RealLoans.com 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.

Realty411’s Investor Summit in Philadelphia + LIVE Clubhouse Connection

/in , , , , /by

Grow Your Wealth with Real Estate Investing – Join Us for an In-Person Realty411 Investor Summit in Philadelphia, PA.

We have exciting news regarding our In-Person Event in Philadelphia, PA. Our special one-day conference in “The City of Brother Love” will host incredible educators from around the country, who are ready to share their valuable insight.

Be sure to join us in PERSON in Philadelphia.

We will have wonderful resources, plus 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.

Now is the moment to grasp this opportunity — the chance to network with sophisticated investors from Pennsylvania, New York, New Jersey, Florida California and many other states!

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.

This one-day conference also is combined with a special PRE-SUMMIT Clubhouse Party on Friday evening, PLUS a property bus tour on Sunday (more details to come). This THREE-DAY investor intensive will unite active real estate and landlords and 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 The City of Brotherly Love.

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 EVENT TO EXPAND YOUR MIND and help you succeed.

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

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.

Be sure to visit our website at: https://Realty411.com

We also produce REI Wealth magazine, which is the longest-running magazine for investors specifically developed for online readership. Our digital, interactive issue is designed to be read and viewed online.

We now also print copies of this fabulous publication as well. Learn more about this publication at: http://REIwealthmag.com

INVEST YOUR TIME HERE FOR ONE SPECIAL DAY OF NETWORKING & MOTIVATION – TAKE YOUR REAL ESTATE KNOWLEDGE TO A WHOLE NEW LEVEL.

Don’t miss our complimentary real estate investor summit. What can you expect?

Learn with PROVEN Leaders in the Industry:

  • Receive the latest REI knowledge from active investors
  • We feature the latest technology to expand your income
  • Meet other investors with common goals and mindsets
  • Develop relationships with leaders in the industry
  • Share your opportunities with potential clients
  • Learn how to save money with our Realty411VIP.com members’ network.
  • Realty411’s publisher has owned national rentals for many decades
  • We will share life-changing information unavailable anywhere else
  • We host complimentary events to meet our readers and to spread knowledge

Other events charge hundreds of dollars, but this day is PRICELESS

Realty411’s founder is a REALTOR in the state of California and has been a licensed real estate agent for 18 years. In addition, her family owns a clock and watch shop in world-famous, Solvang, California, known as “The Danish Capital of America”. As owners of HRS Clocks & Watches, they operate the longest-running haute horlogerie shop in Santa Barbara County, California.

Our mission is simple: To provide realty knowledge and resources so that everyone can learn about the benefits of investing.

OTHER SPECIAL BONUS PERKS INCLUDE:

  • Early-Bird Guests Receive Our Investment Magazines
  • Meet Local Leaders & Industry Giants – From Coast to Coast
  • Influential Real Estate People & Business Owners Are Attending
  • Learn How to Leverage and Meet Private Capital Lenders
  • Find Potential Partners, New Friends, Build Your Circle of Influence
  • Your Net Worth = Your Network — Don’t miss this event
  • Mingle with Leaders & Industry Professionals Here

Please bring LOTS OF BUSINESS CARDS, it’s time to Network!

Real Estate Investor Summit – Join us IN PERSON in Santa Barbara, CA

/in , , , , /by

Grow Your Wealth with Real Estate Investing – Join Us for an In-Person Realty411 Investor Summit in Santa Barbara, CA.

We have exciting news regarding our In-Person Event in the Central Coast of California. Our special one-day conference will host incredible educators from around the country, who are ready to share their valuable insight. Be sure to join us in PERSON. We will have wonderful resources, plus 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.

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/wholesalers will receive valuable insight on the latest technology available to close more transactions. 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 Santa Barbara, 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 EVENT TO EXPAND YOUR MIND and help you succeed.

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

This event is produced and hosted by Realty411.com. Our company is based in Central California. 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. Be sure to download Realty411’s popular issue featuring Jason Oppenheim, ESQ., with Netflix’s hit shows “Selling Sunset” and “Selling the OC”, CLICK HERE.

We also produce REI Wealth magazine, which is the longest-running magazine for investors specifically developed for online readership. Our digital, interactive issue is designed to be read and viewed online. We now also print copies of this fabulous publication as well. Learn more about this publication at: http://REIwealthmag.com

INVEST YOUR TIME HERE FOR ONE SPECIAL DAY OF NETWORKING & MOTIVATION – TAKE YOUR REAL ESTATE KNOWLEDGE TO A WHOLE NEW LEVEL.

Don’t miss our complimentary real estate investor summit. What can you expect? Learn with PROVEN Leaders in the Industry:

  • Receive the latest REI knowledge from active investors
  • We feature the latest technology to expand your income
  • Meet other investors with common goals and mindsets
  • Develop relationships with leaders in the industry
  • Share your opportunities with potential clients
  • Learn how to save money with our Realty411VIP.com members’ network.
  • Realty411’s publisher has owned national rentals for many decades
  • We will share life-changing information unavailable anywhere else
  • We host complimentary events to meet our readers and to spread knowledge

Other events charge hundreds of dollars, but this day is PRICELESS

Realty411’s founder is local and has both media and real estate experience having graduated from California State University, Long Beach with a degree in journalism. Plus, her background includes17 years as a licensed California real estate sales agent. Our mission is simple: To provide realty knowledge and resources so that everyone can learn about the benefits of investing.OTHER SPECIAL BONUS PERKS INCLUDE:

  • Early-Bird Guests Receive Our Investment Magazines
  • Meet Local Leaders & Industry Giants – From Coast to Coast
  • Influential Real Estate People & Business Owners Are Attending
  • Learn How to Leverage and Meet Private Capital Lenders
  • Find Potential Partners, New Friends, Build Your Circle of Influence
  • Your Net Worth = Your Network — Don’t miss this event
  • Mingle with Leaders & Industry Professionals Here

Please bring LOTS OF BUSINESS CARDS, it’s time to Network!

Virtual Investing Summit – Residential Real Estate Focus

/in , , , , /by

Register for Our NEW Virtual Investing Summit on FRIDAY, January 20th, 2023 from 9 am to 3 pm PT.

Attention savvy real estate investors, it’s time for another educational and exciting Realty411 Virtual Investing Summit uniting readers for an amazing day of information and motivation.

Guests can join Realty411’s complimentary investing summit and learn from experts sharing important knowledge, strategies and insight.

This NEW 411 VIRTUAL event will begin on FRIDAY, January 20th, 2023 from 9 am to 3 pm PT.

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.

Since 2007, Realty411 has produced real estate-investing events and expos throughout the nation.

Our mission is to educate and empower individuals to invest in real estate. Our virtual events have united hundreds of new and sophisticated investors in real-time from 47 states so far — in total representing 375 cities across the United States.

Join us for an amazing day of real estate education. Every online event we produce is unique, be sure to reserve this day for REI learning at its best.

OUR COMPLIMENTARY VIRTUAL CONFERENCES HAVE REACHED THOUSANDS OF INVESTORS – THIS IS YOUR CHANCE TO LEARN EXPERT STRATEGIES ONLINE.

  • Learn from Leaders & Industry Pros
  • Chat with Local + Out-of-Area Investors
  • NON-Stop Tips for Real Estate Success
  • Learn with Long-Term leaders in the REI Industry
  • Receive the Latest REI Knowledge from Real Investors
  • Discover the Power of Leverage with OPM and Creative REI
  • Save money with Realty411VIP.com‘s Merchant Discounts
  • Gain Access to Realty411’s Private VIP Network for FREE
  • We Have Been Sharing Life-Changing Information for 15 Years

RSVP for this awesome event today!

Join from a PC, Mac, iPad, iPhone or Android device:

ZOOM URL LINK WILL BE SENT TO REGISTERED GUESTS.

Refund Policy

Contact the organizer to request a refund. Eventbrite’s fee is nonrefundable.

Virtual Investing Summit – Commercial Real Estate Focus

/in , , , , /by

Join Realty411’s complimentary virtual commercial investing summit — learn from experts sharing important insight about this topic.

Register for Our NEW Virtual Investing Summit on SATURDAY, January 7th, 2023 from 9 am to 3 pm PT.

Attention savvy real estate investors, it’s time for another educational and exciting Realty411 Virtual Investing Summit uniting readers for an amazing day of information and motivation.

Guests can join Realty411’s complimentary investing summit and learn from experts sharing important knowledge, strategies and insight.

This NEW 411 VIRTUAL event will begin on SATURDAY, January 7th, 2023 from 9 am to 3 pm PT.

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.

Since 2007, Realty411 has produced real estate-investing events and expos throughout the nation.

Our mission is to educate and empower individuals to invest in real estate. Our virtual events have united hundreds of new and sophisticated investors in real-time from 47 states so far — in total representing 375 cities across the United States.

Join us for an amazing day of real estate education. Every online event we produce is unique, be sure to reserve this day for REI learning at its best.

OUR COMPLIMENTARY VIRTUAL CONFERENCES HAVE REACHED THOUSANDS OF INVESTORS – THIS IS YOUR CHANCE TO LEARN EXPERT STRATEGIES ONLINE.

  • Learn from Leaders & Industry Pros
  • Chat with Local + Out-of-Area Investors
  • NON-Stop Tips for Real Estate Success
  • Learn with Long-Term leaders in the REI Industry
  • Receive the Latest REI Knowledge from Real Investors
  • Discover the Power of Leverage with OPM and Creative REI
  • Save money with Realty411VIP.com‘s Merchant Discounts
  • Gain Access to Realty411’s Private VIP Network for FREE
  • We Have Been Sharing Life-Changing Information for 15 Years

RSVP for this awesome event today!

Join from a PC, Mac, iPad, iPhone or Android device:

ZOOM URL LINK WILL BE SENT TO REGISTERED GUESTS.

Refund Policy

Contact the organizer to request a refund. Eventbrite’s fee is nonrefundable.

Marketing Tip – Developing Your Dream Team

/in , /by

By Kathy Kennebrook

Putting your “dream team” in place while establishing your real estate business is one of the key steps to developing a successful real estate investing business quickly and efficiently. Your dream team is going to consist of those people or vendors who can help you find deals, provide funding, get your deals closed and then sold or leased quickly.

Having your dream team in place and being able to close deals quickly will give you a distinct advantage over your competition by allowing you to complete deals they simply won’t be able to finish in a timely manner.

ADVERTISEMENT

The first element you need to think about is your marketing team. Your marketing dream team will include the people who can help you locate good deals, such as “bird dogs”, Realtors, mortgage brokers, promotional companies who will supply your business cards, signage, t-shirts and whatever advertising materials you need, and people who will implement your direct mail campaigns for you. You also need to add to the mix the account representatives who will handle your classified and display ads in your local newspaper and shopper guides.

The more you can automate this part of your business, the more deals you’ll be able to do more quickly.

Next, your dream team needs to include a title agent and/or a real estate attorney. These people are going to insure your deals close smoothly and with a clear title. A real estate attorney can help you to solve a lot of problems that can arise during a closing, such as a title glitch, a survey problem, or estate and probate issues, just to name a few. As you develop a relationship with your title agent and/or real estate attorney, they will become a major asset to your business by being better able to work one-on-one with your sellers and you to make sure all your deals close as smoothly as possible. You also need to make sure that your title agent and/or real estate attorney are bi-lingual so they will be able to work with your Spanish speaking sellers as well. This part of your team is one of the most important. If any part of a deal is going to fall apart it is going to be during the process of closing. Make sure you choose the best in the industry to close your deals from the very beginning, even if it costs a little more!

ADVERTISEMENT

Then have in place those vendors who can get repairs to a property done quickly and efficiently. Once you develop your dream team, don’t keep changing vendors. This will cost you a lot more money in the long run. Developing a great team of people in your business will help you get more deals done and create bigger profits.

For more information on getting deals done and finding the sellers none of your competitors know anything about check out my website at www.marketingmagiclady.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.

Top Educators Joining Realty411’s Holiday Expo this Saturday in SoCal — Download the Schedule Here!

/in , , , , /by

Attention RE Investors:

This Saturday, December 3rd, Realty411 will host their Holiday Investor Summit and Expo in Southern California.

Realty411 helps investors reach their goals by providing them with the tools, insight and resources they need for success.

Our company publishes Realty411 and REI Wealth magazines, dedicated to enhancing education and opportunity.

DOWNLOAD SCHEDULE AND INFO HERE

Be sure to join us for a special in-person Holiday Investor Summit and Expo in Orange County, Calif.

Guests can network with active investors from all over the nation for this one special day.

Celebrate the upcoming holidays and prepare for the 2023 real estate market by joining us this Saturday.

To reserve your tickets, click below:
https://www.eventbrite.com/e/453022762277

To download our Summit Schedule, click below:
https://joom.ag/zB3d

For up-to-the-minute information, please connect with Realty411 and REI Wealth on social media.

Please contact our company for further details or questions: 805.693.1497.

Parking for this event inside the venue has been discounted to $15. Thank you.

Houston Real Estate Investor, 26, Found Dead

/in /by

By Stephanie Mojica

Delano Burkes, 26, a Houston real estate investor, was found dead two weeks after disappearing, according to TheGrio.com.

Burkes’ body was found in the Houston Ship Channel on Monday, Nov. 28. He was last seen on Sunday, Nov. 13 with his friends in the Heights neighborhood in Houston — about 15 miles away from where his body was found.

Karen Jeffrey, the mother of Burkes, saw surveillance videos of her son leaving McIntyre’s bar at about 1 am the night of Nov. 13. She told journalists that he appeared “drugged or something.”

Friends who were with Burkes that night said it seemed like he was experiencing pain in his side. The group got separated that night, leading Burkes to leave the bar alone.

The Houston Police Department has been investigating Burkes’ disappearance as a possible homicide. The cause of death has not been determined.

Media reports did not reveal the nature of Burkes’ real estate investments. Burkes was a former football player at Texas A&M University.

Realty411’s Real Estate Investor Summit – Build Your Wealth – IN PERSON!

/in , , , , /by

Celebrate Real Estate Investing with Realty411 – Join Us for an In-Person Event in Orange County.

We have exciting news regarding our In-Person Event in Irvine, California. Our special one-day conference will host incredible educators from around the country, who are ready to share their valuable insight.

Be sure to join us in PERSON. We will have wonderful resources, plus 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.

Now is the moment to grasp this opportunity — the chance to network with sophisticated investors from California and around the country. It’s time to Celebrate the Holidays with this SPECIAL Conference.

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.

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 LAST live event in California in 2022 — Network with amazing leaders.

Are you ready to Grow Your Real Estate Business, Portfolio and Network?

We want this VIP EVENT TO EXPAND YOUR MIND and help you succeed.

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

This event is produced and hosted by Realty411.com. Our company is based in Central California. 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.

Be sure to download Realty411’s popular issue featuring Jason Oppenheim, ESQ., with Netflix’s hit shows “Selling Sunset” and “Selling the OC”, CLICK HERE.

We also produce REI Wealth magazine, which is the longest-running magazine for investors specifically developed for online readership. Our digital, interactive issue is designed to be read and viewed online.

We now also print copies of this fabulous publication as well. Learn more about this publication at: http://REIwealthmag.com

INVEST YOUR TIME HERE FOR ONE SPECIAL DAY OF NETWORKING & MOTIVATION – TAKE YOUR REAL ESTATE KNOWLEDGE TO A WHOLE NEW LEVEL.

Don’t miss our complimentary real estate investor summit. What can you expect?

Learn with PROVEN Leaders in the Industry:

  • Receive the latest REI knowledge from active investors
  • We feature the latest technology to expand your income
  • Meet other investors with common goals and mindsets
  • Develop relationships with leaders in the industry
  • Share your opportunities with potential clients
  • Learn how to save money with our Realty411VIP.com members’ network.
  • Realty411’s publisher has owned national rentals for many decades
  • We will share life-changing information unavailable anywhere else
  • We host complimentary events to meet our readers and to spread knowledge

Our mission is simple: To provide realty knowledge and resources so that everyone can learn about the benefits of investing.

OTHER SPECIAL BONUS PERKS INCLUDE:

  • Early-Bird Guests Receive Our Investment Magazines
  • Meet Local Leaders & Industry Giants – From Coast to Coast
  • Influential Real Estate People & Business Owners Are Attending
  • Learn How to Leverage and Meet Private Capital Lenders
  • Find Potential Partners, New Friends, Build Your Circle of Influence
  • Your Net Worth = Your Network — Don’t miss this event
  • Mingle with Leaders & Industry Professionals Here

Please bring LOTS OF BUSINESS CARDS, it’s time to Network!

Discounted parking for only $15 . COMPLIMENTARY EVENT — Upgrade to a VIP ticket to enjoy special bonuses.