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/

Sales of existing homes skyrocketed

Sales of existing homes skyrocketed a whopping 11.8 percent in February compared with January, according to the National Association of Realtors. That is the largest monthly jump ever, with the exception of a change in mortgage policy in 2015 that temporarily skewed the data.

Realtors pointed squarely to dropping mortgage rates and home prices for the increase in demand.

“Consumers are very sensitive to mortgage rates, at least that’s what we are finding out. So as mortgage rate began to drop, there was evidently a strong pent-up demand,” said Lawrence Yun, chief economist for the Realtors.

At the start of last year, housing demand was robust and rates relatively low, with the average rate on the popular 30-year fixed right around 4 percent, according to Mortgage News Daily. That caused a frenzy in buying through the spring. But with supply remaining tight, prices overheated.

By summer, those prices were moving out of reach, especially as interest rates began rising. By November, the average rate on the 30-year fixed had spiked over 5 percent, and home sales plummeted.

Mortgage rates then began falling in December and moved decidedly lower in January to around 4.5 percent, causing the renewed interest in buyer demand. More consumers now believe it is a good time to buy a home and more believe the economy is improving, according to a sentiment survey by the Realtors in the first quarter of this year.

KEY POINTS

  • Sales of existing homes skyrocketed a whopping 11.8 percent in February compared with January, according to the National Association of Realtors. 
  • That is the largest monthly jump ever, with the exception of a change in mortgage policy in 2015 that artificially pushed one month’s sales into the next month.
  • Home prices have been moderating for months and were up just 3.2 percent in February, the smallest annual gain in a few year.

How to start in real estate investments? Contact me HERE

By Diana Olick Full Article CNBC

Trends for Real Estate Investors

Opportunity zones

Created by the Tax Cuts and Jobs Act, opportunity zones are new territory for real estate investors. Peter Muoio, executive vice president and chief economist at Ten-X Commercial, an online transaction platform for commercial real estate, says opportunity zones are on track to be the hottest trend in commercial real estate for 2019. “With valuations at cycle highs and fundamentals waning, the tax incentivesoffered by these programs are massively attractive, especially as not all of these zones are created equal,” Muoio says, acknowledging numerous cities may prove to be diamonds in the rough. As capital flows in, certain submarkets could see increased volume, and “increased liquidity is a positive for the commercial real estate environment.”

New construction gets pricier.

Construction prices inched up 0.5 percent in October, reflecting a 7.9 percent increase year-over-year, according to the Bureau of Labor Statistics Producer Price Index. That’s something investors should be watching closely in the year ahead, says Lee Roberts, managing partner of SharpVue Capital in Raleigh, North Carolina. “In addition to supply-demand factors, there is a large policy component to this,” Roberts says. “Not only are interest rates being driven higher by the Fed, but materials costs are being affected in part by trade policy, while labor costs are moving higher in part due to immigration policy.”

Build-to-rent gains momentum.

Build-to-rent is a relatively new trend, says George Maravilla, vice president at Tower Capital in Phoenix, but poised to expand. “These newly built and to-be-built rental communities have a lot of the conveniences and amenities of an apartment but feel more like a home,” Maravilla says, and as more developers move into this space it’s likely to join the mainstream of CRE asset classes. Build-to-rent communities are designed to fit the privacy and affordability needs of younger buyers shopping for a mortgage loan and boomers looking to downsize. Maravilla says build-to-rent represents a new frontier for investors with a pioneer mindset looking to diversify into non-traditional housing.

Real estate investment trends you can expect in 2019

  • Younger home buyers
  • Opportunity zones
  • E-commerce
  • Rising interest rates
  • Increased construction prices
  • Big data
  • Build to rent
  • Smart technology

By Rebecca Lake, full article U.S News

The couple who invests together, stays together​

How to invest together:

  • Start with a conversation about your investment goals.
  • Define success for each goal.
  • Build an investment strategy for each goal.
  • Use education and a neutral third party to handle disagreement.

We need to talk about investing. As with most relationship decisions, communication is essential to successfully investing together. In fact, “open and honest communication (about money) may be the key to happiness,” says Jason Thacker, head of U.S. deposits and consumer payments at TD Bank. According to TD’s 2018 Love and Money survey, 80 percent of couples who characterized their relationships as “extremely” or “very happy” talk about money at least weekly, he says.

“Investing should be a joint venture with both spouses feeling like they have an equal say,” says Michael Landsberg, member of the American Institute of CPAs’ Personal Financial Planning Executive Committee. “There are synergies to be had when combining forces so take advantage of those potential benefits.”INVESTING IS AN emotional seesaw.

  • Define what success looks like.
  • How to invest together.
  • Investing is an emotional seesaw.

Full Article U.S.News

Life After Amazon HQ2 Rejection

Real Estate Growth In Charlotte, Houston And Salt Lake City

Back in November, Amazon chose New York’s Long Island City and Arlington, Virginia as the new home for its headquarter locations after a yearlong search. 💲 The cities who prepared for a possible landing of Amazon’s headquarters but didn’t make the cut may benefit from the preparation more than they anticipated. Cities that are showing economic growth since Amazon’s search for the next headquarters are Charlotte, North Carolina; Houston, Texas and Salt Lake City, Utah.

Full Article Fortune

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