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/

Stock Market Crash Imminent Economic Collapse In 2017

Current stock market valuations are not sustainable. In 1929, 2000 and 2008, stock prices soared to absolutely absurd levels just before horrible stock market crashes with economic collapse.  What goes up must eventually come down, and the stock market bubble of today will be no exception and economic collapse 2017 is possible.

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In fact, virtually everyone in the financial community acknowledges that stock prices are irrationally high right now.  Some are suggesting that there is still time to jump in and make money before the financial crash comes, while others are recommending a much more cautious approach and preparing for the imminent economic collapse.  But what almost everyone agrees on is the fact that stocks cannot go up like this forever.

On Tuesday, the Dow, the S&P 500 and the Nasdaq all set brand new record highs once again.  Overall, U.S. stocks are now up more than 10 percent since the election, and this is probably the greatest post-election stock market rally in our entire history.

But stocks were already tremendously overvalued before the election, and at this point stock prices have reached a level of ridiculousness only matched a couple of times before in the past 100 years. Only the most extreme optimists will try to tell you that stock prices can stay this disconnected from economic reality indefinitely.  We are in the midst of one of the most outrageous stock market bubbles of all time, and as MarketWatch has noted, all stock market bubbles eventually burst and global economic collapse imminent…

“The U.S. stock market at this level reflects a combination of great demand, great complacency, and great greed. Stocks are clearly in a bubble, and like all bubbles, this one is about to burst.”

Learn More THE GREATEST WEALTH TRANSFER

Source: The Economist

Gold: Why Doesn’t Your Financial Advisor Recommend It?

When it comes to your investments, diversification hasn’t worked. The “Buy and hold” strategy has become “buy and hope.” The one asset that could have helped stabilize your portfolio isn’t ever recommended by CNBC or your financial advisor. That asset is gold.

One cannot rely on CNBC or conventional financial media advice as they are misinformed.

Continually CNBC bashes gold as gold is the enemy in their book. They’d rather you put your trust in assets that don’t counteract the fall of the U.S. dollar. How has that worked for investors the last 10 years? Not well.

It’s not your fault you’ve lost money on your investments but you’re not being told the whole truth about investing to begin with and things unfortunately are worse than you may think.

We have experienced in 2008 and 2009 a horrendous Global stock market downward spiral and the U.S. stock market hadn’t seen this type of decline since the great depression. While nothing goes straight down, and bounces like we’re experiencing now will and do occur, those bounces will only be followed by further declines for the time being.

Governments have made it so we don’t know much about investing in gold.

The U.S. Government hides from us how much gold is stored in Fort Knox and won’t even let us audit it. Why the secrecy?  Every Central Bank in the world owns gold, so you’d think governments would advertise this fact so their citizens would have a stronger belief that their paper currency has some sort of gold backing, especially with the recent rise in the price of gold.

Gold used to back our currency, but for the last 38 years it has not. What really backs our currency? The answer is the full faith and debt of the U.S. government. The dollar has lost 81% of its purchasing power in those 38 years. What cost $1 in 1971 costs $5.31 today for that same item.

Gold used to be the money of our forefathers. Today, if they were alive, they’d demand their portraits be removed from the currency as it does not subscribe to the definition of money they laid out in the Constitution.

Ignorance of how gold fits into ones understanding of money or even how to include gold as part of a diversified portfolio is not your fault either. It’s one of the dirty secrets you’re better off not knowing about. That is, unless you want to protect your wealth from confiscation through the coming tsunami of inflation.

The hottest market in the last 10 years and your financial advisor had the opportunity to put you into gold but they didn’t do it. 

You see, financial advisor’s aren’t taught anything about gold as a viable investment except that it is a commodity and sits atop the pyramid of investments at the highest risk level while the U.S. Dollar sits at the bottom “safe” level.  Hmmm, hasn’t the dollar lost about 25% in value the last five years?

Many financial advisers are really clueless about gold because even their Certified Financial Planner (CFP) textbooks don’t explain gold well.  I bought and paid for the entire CFP course and received all the books in advance.  The book for the investment class, “Investments: An Introduction”  Seventh Edition by Herbert B. Mayo (Custom Edition: College for Financial Planning), had six pages devoted to gold, almost all of which bashed gold as an investment relating it to” jewelry” and “numismatic coins.”  The book called buyers of gold, “collectors” and didn’t even mention U.S. Gold Eagle coins or the U.S. Mint.

So the next time you see your financial adviser (CPA, Insurance Agent, Psychic or whomever is advising you on where to invest), show them the table below and ask them why they didn’t have you diversified into gold the last 5-10 years and why they aren’t recommending you insure the continuous decline of the U.S. dollar with an investment in gold today.

And remember one important fact; if your portfolio goes up 10% and the U.S. dollar falls 10%, you haven’t gained any true wealth. 

Diversification into gold can help counteract the decline in the U.S. dollar and maintain your wealth. 

In a future article I will be discussing more reasons to diversify into gold.

Ask for more information BUY GOLD TODAY  

YEAR END PRICE OF GOLD
2000 $273.60
2001 $279.00
2002 $348.20
2003 $416.10
2004 $438.40
2005 $518.90
2006 $638.00
2007 $838.00
2008 $885.50
2009 $1,992.00

Contact me Here to open a free Gold account

What Does The 2016 Election Have To Do With Your Retirement?

The world’s financial landscape is changing…
And it could soon cause a lot of money to move out of the U.S. dollar.
So how do you protect yourself? By following China’s lead. http://wp.me/p4m7MW-li

More: Here Are the Stocks to Buy if Donald Trump Becomes President

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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If Donald Trump Becomes President

Here Are the Stocks to Buy…

Companies in these four industries would benefit.

by  Simon Constable 

Big change in the land’s highest office can mean big changes in the economy. In general, promises are broken or only half kept. Still, we get clues on which areas of the economy will be favored, and which will not. Health care got a boost under President Obama, and defense did well under George W. Bush. With any politician running for office it’s hard to know exactly how things will turn out if they’re elected. What if Donald Trump were to become the next U.S. President, which sectors would benefit then? Here’s what some experts had to say on the matter:

Defense

US-NORWAY-LOCKHEED MARTIN F-35A LIGHTNING II JET FIGHTER
First Norwegian Armed Forces Lockheed Martin F-35A Lightning II, known as AM-1 Joint Strike Jet Fighter, is unveiled during the rollout celebration at Lockheed Martin production facility in Fort Worth, TX, on Tuesday, Sep. 22, 2015. The Lockheed Martin F-35 Lightning II is a family of single-seat, single-engine, all-weather stealth multirole fighters undergoing final development and testing by the United States. The fifth generation combat aircraft is designed to perform ground attack, aerial reconnaissance, and air defense missions. AFP PHOTO/LAURA bUCKMAN (Photo credit should read LAURA BUCKMAN/AFP/Getty Images)

 

Military strength has long been the Republican party mantra. Trump might be even more aggressive.

“In terms of going after terrorists from the air, you’d see an expansion of that,” says Ian Bremmer, president of Eurasia Group. Compared to Obama, Trump is not risk averse and is much more likely to take action that is “narrowly unilateral and doing it without an awful lot of discussion.”

Who wins? High-tech defense and aerospace manufacturers like Lockheed Martin  LMT -1.47% , Raytheon  RTN -0.73% , Boeing  BA -0.56% and Northrop Grumman  NOC -0.39% .

Infrastructure

infrastructure-projects

It should be clear to anyone with a car that the nation’s roads need an upgrade. And Trump has said he would like to do something about it. In a debate in December, Trump said the nation would benefit from spending billions fixing roads, bridges, airports.

“Mr. Trump is Mr. infrastructure,” says Peter Tanous, chairman of Washington D.C.-based Lynx Investment Advisory. “He has more experience building than any president in history.”

On top of that, Trump’s biggest campaign promise—building a 50-foot wall on the boarder of Mexico—would be a huge infrastructure project. Estimates range from $15 billion to $25 billion to build the wall, which would have to stretch some 2,000 miles to cover the entire board. Maintenance could run another $750 million annually.

Tanous points to Jacobs Engineering  JEC -0.89%  as a likely benefactor of such a makeover. Likewise, the Fluor  FLR -0.07% , which competes with Jacobs, will pick up business. As with all things that involve earth moving Caterpillar  CAT 2.19%  should benefit as well.

Small stocks over large

“He has a fairly protectionist message,” says Jason Pride, director of investment strategy. Protectionism, whether it be through tariffs or quotas on imported goods will be bad for multinationals because they are directly involved in international trade.

Smaller companies, particularly those that predominantly operate in the United States, will be dramatically less affected. As a result small cap stocks should outperform the shares of large companies. A good investment then could be Vanguard’s Russell 2000 ETF, which tracks 2000 small-cap and mid-sized companies.

Still, Pride warns, because Trump is an outsider to the globalization establishment there will likely be a lot of uncertainty about how things will turn out if he becomes president. Already, Trump has back peddled on getting rid of a visa program for skilled workers. So look for some softening on his stance against free trade as well.

Restaurants

the-restaurant

A protectionist policy to trade combined with a crack down on illegal immigration could have an interesting impact.

First, if companies started to manufacture in the U.S. again then we would likely see wages for skilled factory workers jump.

More and better wages for workers would likely benefit those industries not affected too much by international trade, like restaurants. That’s something that could benefit the dining business, says Peter Morici, professor of economics at the University of Maryland University School of Business.

That said, the back bone of the food service industry depends on at least some illegal labor. If the “mass deportation” ever materialized, which is doubtful, then wages and other costs in the restaurant business could rise as well.

Still, there could be a case for investing in primarily domestic chains, particularly those with clients that are less price sensitive if the restaurant industry does have to shell out more money for workers.Take a look at Del Frisco’s Restaurant  DFRG -1.12% , and primarily domestic Ruth’s Hospitality  RUTH 0.00% , which owns Ruth’s Chris Steak House.

If you want to earn a big quantity of money, we can provide a simple business strategy in Real Estate Investments. We can help you. Contact me Here