Real Estate Investment Opportunity

Pre Foreclosure status means the owner of the property has defaulted on his mortgage obligation and the lender is taking steps to foreclose on the loan and take possession of the property. This situation places the property owner and the lender in a disadvantaged position. But it may not be too late for the property owner to work things out with his lender.  At the same time the lender may be interested in allowing a short sale (sale of the property for less than the amount owed) just to avoid the costly process of foreclosure on the loan, and then the expense of marketing the property. That leaves open the opportunity for a real estate investor to come in and solve the problem for both parties.

That’s where I come in.

I’ll be your strategy consultant who helps you [the investor] with your real estate investments planning. As a Real Estate investment consultant, unlike a Real Estate broker or sales agent, I’ll do more in-depth work on formulating your investment strategies, helping you [my client] fulfill your needs and goals.

Real Estate has long been recognized as a valuable addition to the traditional stock and bond portfolio model. Yet most investors struggle to efficiently access the asset class, where finding quality investment opportunities requires relationships and local expertise. That’s where I come in.

Investments and asset allocation. Where to Invest?

Patrick Iturra is Back (2019)

I return to the Social Networks: (English Subtitles)

Greetings from El Mirage, CA. This time with my son, driving  at more than 150 mph (240 kph) that was exciting.

I announce that I will return with our Online meetings with the entire Financial Education Team. Stay in Contact.

Video: El Mirage, CA. Car: Lamborghini Huracan Music: Matthew Iturra: https://soundcloud.com/matthew-iturra/imploded

First-Time Real Estate Investors

Real estate can be a tremendous investment opportunity. And for those who are in for the long run, rental properties really can’t be beat.  But when it comes to taking that crucial first step, most people aren’t sure where to start. If you are thinking about investing in real estate, here are 10 considerations to help you to get off to a great start.

1.Get Your Finances In Order

Before you take the plunge, take stock of your financial situation. Is there anything that you can do to put yourself in a stronger position to invest? Things such as paying down or consolidating debt, along with working on improving your credit score, can help you to qualify for a better loan. You’ll also want to save up for a down payment. A larger down payment is ideal for reducing your monthly payments, your insurance and even your risk.

2. Do Your Research

Next, you’ll want to learn as much as you can about real estate investing and rental property management. Brush up on the basics of landlording, and get some good books that offer sound investment advice. There is a lot more involved with becoming a landlord than meets the eye, and being prepared will help you sidestep many common pitfalls along the way.

3. Start Small

While you may feel pressured into “going big” when it comes to your first investment, there’s nothing wrong with starting small. In fact, it’s how many successful investors get started. Starting small offers a number of benefits; namely, it’ll give you a chance to gain an understanding of how investing works before there’s a lot more at stake.

4. Know The Numbers  

Before you commit to a property, it’s important to know exactly what type of returns you’re looking for. Start by establishing your investing criteria, and resolve to only invest in properties that meet your standards. So be sure to have an idea about cap rate and cash-on-cash returns, along with net yield and cash flow.

5. Scout Out A Location

As a new or first-time investor, you might be looking at property that’s close to home. However, be careful that you’re not limiting yourself. When you open yourself to the possibility of an investment property outside your local area, you’ll be able to take advantage of up-and-coming markets that may have better opportunities. With the property management options and resources available today, investing in out-of-town property is easier than ever.

6. Adopt A Business-Owner Mindset

Investing is a business, and you should treat it like one. Just as you’d have a solid business plan in place for a company, along with clear and actionable plans, key milestones and systems, you’ll want to do the same for your investments. Remember: Your goal is to generate a profit, so make sure you lay the groundwork necessary to do so. Don’t simply invest in the first property that catches your eye. Just as you would in a business, make sure every opportunity checks out. __Full Article Forbes

If you interested to buy your first real estate investment

I have access to Bank Owned, Probate, Tax Liens,Trustee Sales (Court Auction cash only), and even Vacant Properties on any Estate and any County.

My roll will be your Strategy Consultant and find the best piece of Real Estate Investment for you. If you need subcontractor, repair and resell your Real Estate, I have the best price on the market. Even if you need finance to buy your first Investment, I have motivated private investors and banks who want to help you in your entrepreneur include Contractors Financing

https://patrickiturra.com/contact/

KaratBank

Harald Seiz, CEO and Founder of Karatbars International was appointed Senator by the German Federal Association for Economic Development and Foreign Trade (BWA).

The goal of Harald Seiz is to develop innovations on the subject of monetary policy, hand in hand with the domestic and foreign policies.

“I am convinced that we can make a difference” Harald Seiz says, “because a debt-free currency is within our reach, but we can only bring change if we take joint action.” Learn More, The Greatest Wealth Transfer

Karatbars International is already working on it; 24k Gold is the oldest currency in the world. “We want to set an example and show the world that it is possible to introduce debt-free means of payment.  Click Free Registration

With the help of politics and the general public we have a huge opportunity to provide a better life to people worldwide. ”

Conducted by Anja Schäfer-Oettinger

More about Karatbars International

Real Estate Perceptions

Here is fancy graphic that outlines the perceptions of the Real Estate Investing Industry and the differences between the way Men VS Women see it.

And it proves that people are starting to catch on to the power of investing in Real Estate…

…which means if you don’t act now, you’re going to look back in 5 years and KICK YOURSELF for not taking action sooner.

Check this out: perceptions-of-real-estate-investment

What can we take away from this?

The consensus is in: Real Estate holds the highest perceived value of investing out there. And there is a reason why it does.

a. It’s a secured method of investing – even when the economy goes to the crapper, if you’ve invested wisely, and saved yourself % off of Market Value on the property, you will be in an incredibly lucrative place when the economy rises back up.

b. It holds its value, and even increases in value as time moves forward (At a much more rapid rate than stock markets and other investment strategies)

c. People think it’s the best investment

Are you ready to invest in Real Estate for this new year?

Are you an Investor, with a tight agenda or tired of wasting time finding a good Real Estate Investment? My group is an experienced team on Real Estate and lending, have the deals that you are looking for. I have an exclusive access to the Trust Deed Sales, (Foreclosure from BofA, Chase,  Fannie Mae and meny more banks.  I got an especial list, Riverside, Los Angeles and San Bernardino Counties in California  700 foreclosure  for sale on December, Cash Only.

More information contact me HERE

5 Books That Will Instantly Give You a PhD in Productivity

Read these five books to instantly become a productivity master.

Becoming productive is one part art, one part science. There are some best practices out there, but most people have to determine what is going to be the best for them through a process of trial and error.

One of the best ways to get started on the productivity journey is to read books on productivity. Shocking, I know.

While I would not say I have a PhD in productivity, I will say that I am well-studied–let’s say to a post graduate level. I got to this point by reading everything I could get my hands, implementing and testing dozens of methods, and obsessively pursuing productivity for nearly 10 years.

Through this process I have read a handful of books that stand out or made a significant impact on my own approach.

These are my top five:

1. Meetings Suck by Cameron Herold

This book argues that meetings don’t suck, we just suck at running them. And most would agree that’s pretty accurate.

Meetings can be an epidemic that not only waste your time, but everyone else’s as well. When you look at the time spent in meetings, it can be truly alarming.

I reached out to Herold for this article and he stated:

“There are 11 millions meetings every day and $37 billion wasted each year in meetings. I calculate that the average employee spends a minimum of 1 hour a day in meetings of some sort, which is 12.5 percent of their work day. When companies figure that as much as 12-25 percent of their salaries are being wasted–it’s time to fix meetings for sure.”

Learning how to be more productive where we spend so much of our time is a productivity breakthrough and this book is one of my personal favorites so far of 2016.

2. Getting Things Done by David Allen

This book has become a bible for many well-known executives, entrepreneurs and founders.

The core concept is based on the idea that when a task that needs to be done enters your brain, it needs to be processed and sorted.

If it is just kept in your mind, that creates an open loop and throughout the rest of the day, your brain will constantly be in a state of stress trying to make sure it does not forget to do it.

The key here is to first capture everything and then second, sort it into various categories. Finally, take time to review. For the system to work, it must constantly be reviewed.

3. The 80/20 Principle: The Secret to Achieving More with Less by Richard Koch

You have probably heard of the Pareto Principle before, but in case you haven’t, it is based on the theory that 80 percent of results come from 20 percent of the effort that you put into it.

This is not just the case for getting tasks done; it is a pattern that appears outside of the business world as well.

Knowing this can help you to consciously think about where your results come from and where you are simply wasting your time.

4. Zen to Done by Leo Babauta

This book was written by Leo Babauta, the well-known blogger behind ZenHabits.

Zen to Done goes even more basic than Getting Things Done–I recommend that people read both books and depending on how complex and complicated their day-to-day is, they can decide which one works best.

From what I have seen, Zen to Done is great for someone just starting their productivity journey while Getting Things Done is more advanced.

5. 15 Secrets Successful People Know About Time Management by Nick Kruse

I recommend reading this book once a quarter. It takes nearly every popular productivity concept that’s out there and shows you how to implement it along with providing insights for how other successful people use that specific productivity method.

For example, Richard Branson and his little black book are used as an example in one section. These tangible reference points are helpful, particularly for readers like myself who are more visual learners.

Working on productivity is a never ending job. There is no such thing as the perfectly productive individual. Like everything, it is something that requires constant attention, focus, and a strong desire for steady improvement.

Jim Rohn once said “People often say that motivation doesn’t last. Well, neither does bathing–that’s why we recommend it daily.”

The same goes for productivity.

BY JAMES PAINE Founder, West Realty Advisors 

5 Misconceptions About Networking

By Herminia Ibarra Harvard Business Review

A good network keeps you informed. Teaches you new things. Makes you more innovative. Gives you a sounding board to flesh out your ideas. Helps you get things done when you’re in a hurry. And, much more (see my recent Lean In video on how networks augment your impact).

But, for every person who sees the value of maintaining a far-reaching and diverse set of professional connections, many more struggle to overcome innate resistance to, if not distaste for, networking. In my 20 years of teaching about how to build and use networks more effectively, I have found that the biggest barriers people typically face are not a matter of skill but mind-set.

Listening closely to my MBA students’ and executives’ recurrent dilemmas, I have concluded that any one or more of five basic misconceptions can keep people from reaping networking’s full benefits. Which of these are holding you back?

Misconception 1: Networking is mostly a waste of time. A lack of experience with networking can lead people to question whether it’s a valuable use of their time, especially when the relationships being developed are not immediately related to the task at hand. Joe, a Latin American executive in a large company striving to promote greater collaboration, for example, told me that every single co-worker who visits his country asks him to meet. Last year alone he had received close to 60 people, a heavy burden on top of the day job. Rightly, he wonders whether it’s the best use of his time.

But, just because networks can do all these things, it doesn’t mean that yours will. It all depends on what kind of network you have, and how you go about building it. Most people are not intentional when it comes to their networks. Like Joe, they respond to requests, and reach out to others only when they have specific needs. Reaching out to people that you have identified as strategically important to your agenda is more likely to pay off.

Misconception 2. People are either naturally gifted at networking or they are not, and it’s generally difficult to change that. Many people believe that networking comes easily for the extroverted and runs counter to a shy person’s intrinsic nature. If they see themselves as lacking that innate talent, they don’t invest because they don’t believe effort will get them very far.

Stanford psychologist Carol Dweck has shown that people’s basic beliefs about “nature versus nurture” when it comes to personal attributes like intelligence or leadership skill have important consequences for the amount of effort they will put into learning something that does not come naturally to them. People with “fixed” theories believe that capacities are essentially inborn; people with growth mind-sets believe they can be developed over time.

As shown in a forthcoming academic paper by Kuwabara, Hildebrand, and Zou, if you believe that networking is a skill you can develop you are more likely to be motivated to improve it, work at it harder at it, and get better returns for your networking than someone with a fixed mind-set.

Misconception 3: Relationships should form naturally. One of the biggest misconceptions that people have about networking is that relationships should form and grow spontaneously, among people who naturally like each other. Working at it strategically and methodically, they believe, is instrumental, somehow even unethical.

The problem with this way of thinking is that it produces networks that are neither useful to you nor useful to your contacts because they are too homogenous. Decades of research in social psychology shows that left to our own devices we form and maintain relationships with people just like us and with people who are convenient to get to know to because we bump into them often (and if we bump into them often they are more likely to be like us).

These “narcissistic and lazy” networks can never give us the breadth and diversity of inputs we need to understand the world around us, to make good decisions and to get people who are different from us on board with our ideas. That’s why we should develop our professional networks deliberately, as part of an intentional and concerted effort to identify and cultivate relationships with relevant parties.

Misconception 4. Networks are inherently self-serving or selfish. Many people who fail to engage in networking justify their choice as a matter of personal values. They find networking “insincere” or “manipulative” — a way of obtaining unfair advantage, and therefore, a violation of the principle of meritocracy. Others, however, see networking in terms of reciprocity and giving back as much as one gets.

One study discovered that views about the ethics of networking tend to split by level. While junior professionals were prone to feeling “dirty” about the instrumental networking they knew they had to do to advance their careers, their seniors did not feel the slightest bit conflicted about it because they believed they had something of comparable value to offer.

The difference came down to confidence or doubt about the worth of their contributions, with junior professionals feeling more like supplicants than parties to equitable exchange. My own research suggests that the only way to conceive of networking in nobler, more appealing ways is to do it, and experience for oneself its value, not only for you but for your team and organization.

Misconception 5: Our strong ties are the most valuable. Another misconception that gets in the way of building a more useful network is the intuitive idea that our most important relationships in our network are our strong ties — close, high trust relationships with people who know us well, our inner circle. While these are indeed important, we tend to underestimate the importance of our “weak ties” — our relationships with people we don’t know well yet or we don’t see very often—the outer circle of our network.

The problem with our trusted advisers and circle of usual suspects is not that they don’t want to help. It’s that they are likely to have the same information and perspective that we do. Lots of research shows that innovation and strategic insight flow through these weaker ties that add connectivity to our networks by allowing us to reach out to people we don’t currently know through the people we do. That’s how we learn new things and access far flung information and resources.

One of the biggest complaints that the executives I teach have about their current networks is that they are more an accident of the past than a source of support for the future. Weak ties, the people on the periphery of our current networks, those we don’t know very well yet, hold the key to our network’s evolution.

Our mind-sets about networking affect the time and effort we put into it, and ultimately, the return we get on our investment. Why widen your circle of acquaintances speculatively, when there is hardly enough time for the real work? If you think you’re never going to be good at it? Or, that it is in the end, a little sleazy, at best political?

Mind-sets can change and do but only with direct experience. The only way you will come to understand that networking is one of the most important resources for your job and career is try it, and discover the value for yourself.

Herminia Ibarra is a professor of organizational behavior and the Cora Chaired Professor of Leadership and Learning at Insead. She is the author of Act Like a Leader, Think Like a Leader (Harvard Business Review Press, 2015) and Working Identity: Unconventional Strategies for Reinventing Your Career(Harvard Business Review Press, 2003). Follow her on Twitter @HerminiaIbarra and visit her website.

Why I Hope Donald Trump Paid $0 in Taxes

Written by Robert Kiyosaki | Tuesday, August 16, 2016

And Why Hillary Clinton is Wrong To Attack Him On It

You can tell that the presidential race is heating up because the attack ads are heating up too. In the past, much of political advertising happened on the television. If you didn’t like it, you could change the channel. This election involves social media more than any other I can remember.

Last week, Hillary Clinton, the Democratic nominee for president, sent this out on her Twitter account:

patrickiturra.com
Twitter

Usually, the candidates choose to release their tax returns if they are running for president. Donald Trump has elected, so far, not to do this.

Last week, Hillary and Bill released their 2015 tax return to the public. This was most likely the reason they are attacking Trump on his tax returns. As The New York Times reports, Hillary and Bill paid “$3.6 million in federal taxes for an effective tax rate of about 35 percent.” Most of this income came from speeches and Hillary’s memoir.

I find it interesting that Hillary would choose to attack Donald Trump for not paying anything in taxes and celebrate that she paid so much in taxes. This to me shows that Hillary is a career politician, while Donald is a career entrepreneur. It also shows me that Donald is doing what the tax code was intended for while Hillary and Bill are being penalized for not doing what the tax code was intended for.

As I’ve learned from my Rich Dad tax advisor, Tom Wheelwright, the most patriotic thing you can do is not pay your taxes!

Let me explain.

The Tax Code is Made to Incentivize

As you probably know, the tax codes in the US and in many different countries are long and complicated. The question is, why?

The reason is that government leaders learned a long time ago that the tax codes could be used to make people and businesses do what they want by utilizing the tax code.

In short, the many credits and breaks that are found in the tax code are there precisely because the government wants you to take advantage of them. For instance, the government wants cheap housing. Because of this, there are many tax credits for affordable housing that developers and investors can take advantage of that minimize their tax liability, put more money in their pocket, and in turn, create affordable housing. Everyone wins.

There are many scenarios like this in the tax code that incentivize investors and entrepreneurs to do activities the government is looking for while rewarding those who take those actions with lower-or zero-tax burden.

Because of this, limiting your tax liability actually means you’re doing what the government wants you to do through the tax code. And that is the most patriotic thing you can do.

Why Hillary is wrong

This is why it is insanity for Hillary to criticize Donald for not paying taxes. The only way in which he would not pay taxes would be by doing things like investing and creating jobs to receive tax benefits created by the government! Conversely, the fact that Hillary and Bill paid a 35% tax rate and millions in taxes shows they are not doing what the government wants. They are not providing jobs, starting businesses, or investing in a meaningful way.

Personally, I’d rather have someone who understands how money and taxes work, how to create jobs and invest in ways our own tax code incentivizes, than one who doesn’t. This is not an endorsement of either candidate, but it is a true observation regarding this one issue.

Hillary’s tweet is capitalizing on the general ignorance around money and taxes that much of our country has. In that way, it is actually a lie and a form of fear mongering. It is an attack without legs to stand on, preying on emotions rather than appealing to logic and intellect.

But that’s what most of our politics has devolved to these days, so I’m not surprised.

Want to know more? Read Tom’s book on taxes

During the election season, you’ll hear lots of things that sound right, but fall apart upon further analysis. That’s why it pays to do your own homework, especially when it comes to money and taxes.

And that’s why you should read Tom Wheelwright’s book, Tax-Free Wealth.

Tom is a genius when it comes to taxes, and I encourage you to read his book- and to begin looking at how you can be patriotic by not paying your taxes by investing and building businesses that the government rewards with tax breaks and credits for doing exactly what they want.

Also, for more information on using the tax code to get rich, take advantage of our Rich Dad education and coaching classes that will help increase your financial education and your wallet, while decreasing your tax bill.

More to protect your money: Do You Need Insurance Against the U.S Dollar?

Written by Robert Kiyosaki | Tuesday, August 16, 2016

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Do you Imagine maintaining the same purchasing power in the years to come? Continuing with your same life, and at the meantime others have to work more and pay more for their products? All this happens for the actual currency devaluation, every day our necessities are more expensive. Stop demanding for better salaries, take action with KaratPAY you’ll be in control and become more financial independent.

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U.S. economy and Brexit

The United Kingdom shocked the world when its citizens voted to leave the European Union Thursday.

The so-called Brexit has wide implications for the U.S. economy, which is already facing a slew of headwinds.

brexit_www.patrickiturra.com

The chief of the U.S. central bank and top monetary policy setting official, Janet Yellen, forewarned earlier this week that Brexit “would negatively affect financial conditions and the U.S. economy.”

Trade between the two nations only makes up 0.5% of U.S. economic activity. However, the connections go well beyond direct trade between the two global powers.

The effect on America can come through a number of chain reactions — a Brexit domino effect on the global economy. Here are four ways the wake of Brexit could hurt the U.S. economy.

 

1. Fears that the EU may be falling apart

One of the key global concerns rattling the markets is that Britain could be just the first of more EU countries to leave the union. On Friday, French right-wing leader Maine Le Pen called for France’s own referendum vote. Concerns have been raised about referendums from Italy and the Netherlands too.

The European Union is one of the world’s largest trading blocs and it’s a major trade partner with China and the United States. If it breaks, it could lead to a lot of global uncertainty and many trade deals would need to be restructured.

Some experts caution that fears of the EU falling apart are overblown. After all, the UK always used the pound as its currency. Other countries like France would have to ditch the euro and reintroduce their old currency. That’s a much more difficult transition than what the UK must navigate now.

Plus the high expectation of a looming recession in the UK may give other countries pause, especially if they see an economic storm that Britain may endure after Brexit.

Still, the fear of the EU’s opaque path ahead is real.

“We also need to acknowledge we are faced with lots of doubts about the direction of Europe … not just in the U.K. but in other countries as well,” German Chancellor Angela Merkel told reporters.

2. Volatile markets slow down the engine of U.S. growth

American consumers make up the majority of U.S. economic activity. If they don’t spend, the economy doesn’t grow. And how much they spend often depends on how they feel good about where the country is heading. Americans don’t buy homes and cars if things look bleak and a stock market downturn can really whittle down confidence.

Brexit is already causing severe volatility in global stock markets. If that volatility continues for weeks and months, it could cause American business owners and consumers to reconsider their spending plans.

“The keys to whether the U.S. economy is affected significantly will be whether equities tumble enough to have a major impact on business and consumer confidence,” says Jim O’Sullivan, chief U.S. economist at High Frequency Economics, a research firm.

A cutback by consumers would be particularly bad news at the moment.

U.S. job gains have slowed this spring and economic growth was sluggish in the winter. But a recent pickup in consumer spending has been one of the few bright spots. The added momentum in spending had raised hopes that growth would rise in spring and summer.

eu_uk_usa_flags

3. Brexit triggers a strong dollar, which hurts U.S. trade

A strong dollar sounds good — and it is for American travelers — but it’s bad for U.S. businesses that sell products overseas.

On Friday morning, the U.S. dollar quickly rallied against the British pound, up 6.3% Friday, its biggest one-day gain since 1967, according to FactSet, a financial data firm.

A strong dollar makes company’s products more expensive — and less attractive — to buyers outside the U.S. That hurts sales for tech giants like Apple (AAPLTech30), equipment makers like Deere (DE) and Caterpillar (CAT) and global brands like Coca-Cola (KO) and Nike (NKE).

It’s one of the key reasons why Corporate America has been in an “earnings recession,” with profits declining for three straight quarter on an annual basis.

“The biggest impact economically is the dollar impact,” says Matt Lloyd, chief investment strategist at Advisors Asset Management. “If the dollar surges on [Brexit] for any period of time, then you’re going to see fears of the profits recession lasting longer.”

In short, a stronger dollar typically lowers U.S. exports — a theme we saw last year. The U.S. manufacturing sector, which relies heavily on trade, fell into a 5-month recession triggered by the strong dollar. Manufacturing lost a net 39,000 jobs in the past 12 months.

So if the dollar continues its post-Brexit gains, it would spell bad news for U.S. trade and manufacturing, which is just digging out of its hole from last year.

A stronger dollar could make imported items cheaper for U.S. consumers, which could offset consumer fears about volatile global markets. But at this point, fears of a stronger dollar appear to be outweighing positives of it.

4. Brexit forces the Fed to rewrite its rate hike playbook 

In December, the Federal Reserve projected that it would raise rates four times this year — a strong sign that the U.S. economy has recovered from the Great Recession. Higher interest rates benefit savers, who can make more money on deposits.

But by June, several Fed committee members were only calling for one rate hike in the wake of weak growth and slowing job gains.

If the volatility in markets from Brexit continues, and if U.S. consumers pare back spending, and employers slow down hiring even more, the Fed could be looking at zero rate hikes in 2016. In fact, markets are starting to increase their expectations for a rate cut this year.

It’s not how the Federal Reserve had planned the year to unfold. U.S. central bank officials had started the year with high expectations after raising rates in December for the first time in nearly a decade, also known as “liftoff.”

But instead, the Fed is coming back down to earth. Other central banks around the world have lowered rates into negative territory and the conversation has shifted to whether the Fed should consider that move too.

“For the Federal Reserve, a Brexit vote would make it more difficult to raise interest rates,” says PNC senior international economist Bill Adams.

More at Do You Need Insurance Against the U.S. Dollar? 

By Patrick Gillespie  and  Mark Thompson contributed to this story