Real Estate 360 Radio: April 10th, 2014-Jason Meyer

Our featured guest this week is Jason Meyer, co-founder of CreditSense.com.  Jason discusses credit optimization and credit repair, the differences, and how this information can be used to help your credit! 

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Jason Meyer

Jason Meyer photo 150x150 Real Estate 360 Radio: April 10th, 2014 Jason MeyerJason Meyer began his career at Goldman Sachs in New York, which lead him to successfully open a Seattle office. He was the managing director at Lydian Trust. Jason is an attorney, was the  founder and CEO of Thriftbooks.com prior to the sale of that company and the cofounder of CreditSense.com.

The CreditSense Difference

Every credit repair company in the country does the same thing. They send a letter to the credit bureaus that says the problem account is not yours, or not actually late. They have no proof or research behind what they say, kind of like pointing your finger in the dark. They give you a SINGLE POINT of credit inspection

And what if you don’t have bad credit but you still want a higher score?

At CreditSense we do things different. We know that there is a perfect credit profile that always delivers an 800+ credit score. (round hole) Your credit profile is probably NOT perfect (square peg). We bring your credit profile into alignment with that perfect profile. The result: YOU get a Tier 1 or even an 800+ credit score—guaranteed!

How do we do it? Instead of a one-point inspection, we do a 40-point inspection of every facet of your credit profile looking for factual errors, inconsistencies, and drags on your score—and we fix and optimize them! CreditSense does REAL research and checks what is dragging your score down, then has your creditors and the bureaus correct them. This means more credit score points for you.

CreditSense helps you make sense of your credit. We know the rules of a high credit score and help you maximize your points—and your credit approvals. CreditSense ”optimizes” your credit profile so that it fits that perfect 800+ credit profile.  We work hard so all you hear from lenders is, YES!

That’s the CreditSense difference, join the 8 steps to 800+ program today and get your very own new credit score!

Special Give Away:

For any of the listeners that are interested in the program they will receive our Bank Playbook: “Insiders Secrets to the Money Game” and Credit Bureau Playbook: “Insiders Secrets to the Credit Game”. Also we will offer a free analysis of credit reports to show listeners what is standing in their way of a Tier 1 or 800+ credit score and to see if they would be a good fit for our program.

Contact Jason:

for more information visit www.CreditSense.com

Real Estate 360 Radio: April 3rd, 2014- Gus Lopez

Our featured guest this week is Gus Lopez,  of A-One Construction.  Gus was the 2012 president of the So-Cal Remodelers
Association and acting board member of the Building Industry Association in Los Angeles California.  He will be discussing Title 24 of the California Code of Regulations, known as the California Building Standards Code or just “Title 24″.  Title 24 contains the regulations that govern the construction of buildings in California.

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Gus Lopez & A-One Construction

Gus Lopez 150x150 Real Estate 360 Radio: April 3rd, 2014  Gus LopezGus Lopez of A-One Construction was the 2012 president of the So-Cal Remodelers Association and acting board member of the Building Industry Association in Los Angeles California.  Established in 1986, A-One Construction & Design started its business in the commercial construction industry specializing in building full service kitchens and quickly became involved with REO properties working with banks, real estate companies and private investors needing a quick turnaround for investment properties. As the company grew, Lopez began to work with the residential community and became a specialist in green building/remodeling and Earthquake retrofitting. His specialties include sustainable development, ecological and environmental Impact, CAPS-Certified Aging In Place Specialist-Aging Accessibility, CGP-Certified Green Professional and EPA-Lead RRP Class Instructor.
Gus Lopez associations include Coldwell Banker Concierge Services, ECO/Pro-Diver Association, Everlife Association, NAHB-BIA Association, SoCal Remodelers Council, BIEC-Building Industry Educational Council, Valley Green Building Task Force ,El Chico Verde, EPA-Environmental Protection Agency USA, BPI – Building Performance Institute, Low Impact Living, and IHA-International Housing Association.

Contact Gus:

for more information visit www.aoneconstruct.com or call (818)470-7915

 

Wall Street Wakes Up And Targets The Buy-To-Rent Asset Class

wall street sign 150x150 Wall Street Wakes Up And Targets The Buy To Rent Asset ClassWith the generous returns rental property ownership currently provides due to lower purchase prices after the Great Recession coupled with rising rents, Wall Street is waking up and jumping in the buy-to-rent game in a very big way.

Smart institutional money has bought over 120,000 properties in the past 2 years.  In addition, institutional investors are buying up regional turnkey and property management companies in the buy-to-rent industry.

wall street house 150x150 Wall Street Wakes Up And Targets The Buy To Rent Asset ClassWhy is buy-to-rent a very hot topic for hedge funds, fund analysts, and investment media? It started when  marketing legend Warren Buffett and Stephen Schwarzman, CEO, Chairman, and Co-Founder of Blackstone Group started buying tens of thousands of single-family rental properties. Since then, this asset class that was once predominantly owned by individual investors has attracted attention by the big boys on Wall Street.

Wall Street investment funds are pouring capital into rental properties, making real estate a mainstream asset. This has given credibility to an asset class that in the past has been treated casually by investment experts.

With it’s ability to generate dependable monthly income, potential appreciation, and very favorable tax treatment, rental real estate has the capacity to build portfolios faster than any other asset. Given the unique benefits of owning real estate as an investment, it’s actually surprising it has taken Wall Street this long to get on board.  Consider these facets of investing in rental property

  1. The investment is secured by a title filed with the local county recorder, and insured with title insurance for even more safety
  2. It is possible to leverage the investment 3 to 5 times the amount of the initial investment (or purchase deposit) by borrowing against the title
  3. The principal is insured against loss via property insurance
  4. Rental rates rise with inflation resulting in increased income over time when coupled with a fixed rate mortgage
  5. Rental income insurance can be used to guarantee rental income
  6. A professional property manager or turnkey investment company can provide sustained rental income and property maintenance with little oversight on the investors part
  7. Appreciation increases the value of the property/investment
  8. Rental income pays down the mortgage, providing additional returns

When looking at traditional investment asset classes such as stocks, bonds, mutual funds, commodities, etc. none come close to having these advantages. With real estate you can insure your capital, your interest, and your income. Try doing that with your stocks and bonds!

Summit Assets Group has a small number of turnkey properties available in strong rental markets, providing dependable, no-hassle monthly cash flow for real estate investors.  Call us at 888-298-0652 to discuss available properties or send us a message online 24/7.

Real Estate 360 Radio: March 27th, 2014- Cory Monroe

Our featured guest this week is Cory Monroe,  Founder and president of NeWave Construction.  Cory will be talking about looking for and finding the potential of a home, as well as the common mistakes clients make in chasing that potential.  He will also be giving tips on setting your budget when building or remodeling your home.

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Cory Monroe

NeWave 130 Real Estate 360 Radio: March 27th, 2014  Cory MonroeCory Monroe is founder and president of NeWave Construction Inc. Cory is an experienced construction executive, who has nearly 15 years of experience in the construction industry ranging from construction management and design-build to new construction and renovations. He founded NeWave Construction in 2007 with the goal creating a full-service residential and commercial construction company that provides value, quality, and creative solutions to clients via a unique design-build program. Cory has led the company through more than seven years of steady growth with annual sales increasing from $200,000 more than $1 million in 2013. Cory is a licensed contractor who was born and raised in Southern California. In his spare time, he enjoys spending time with his son, as well as saltwater fishing, motorcycle riding, and camping.

About NeWave Construction

Founded in 2007, NeWave Construction Inc. is a full-service residential and commercial construction company that has successfully operated in Southern California for more than seven years, completing more than 1,200 small- and large-scale projects. The company is based in Costa Mesa, and is licensed, full-service residential and commercial construction company with a dedicated team providing value, quality, and creative solutions to clients via its unique design-build program. Services include architectural design; residential and light commercial remodel and new construction; foundations; survey well monuments; HOA construction services; and commercial and residential property management construction services. The company has a staff of seven and also works closely with 15 subcontracted workers (excluding subcontracting companies). For more information visit

Contact Cory:

for more information visit www.newaveconstruction.com

 

Real Estate 360 Radio: March 20th, 2014- Jorge Newbery

Our featured guest this week is Jorge Newbery, Founder and CEO of American Homeowner Preservation.

Late last year, the JOBS Act went into effect, making it possible for businesses to solicit equity investments online. This shift resulted in the emergence of a brand new sector: real estate crowd funding. Dozens of real estate crowd funding platforms have popped up in the last few months, but none of them are quite like American Homeowner Preservation (AHP). AHP allows accredited investors to use pool their funds and invest in distressed mortgages. These investments have meaningful financial and social returns. They create viable, sustainable solutions that help families who are facing foreclosure to stay in their homes, and investors earn returns of at least nine percent. In this interview, AHP founder Jorge Newbery will discuss the emergence of real estate crowd funding and the unique opportunity that AHP has created for investors to make smart investments while strengthening families and communities.

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Jorge Newbery

Founder & CEO, American Homeowner Preservation

Jorge Pic Real Estate 360 Radio: March 20th, 2014  Jorge NewberyAs American Homeowner Preservation’s CEO, Jorge Newbery works to create meaningful social and financial returns for investors, while keeping families in their homes. Newbery co-founded American Homeowner Preservation in 2008 as a nonprofit that worked directly with banks to modify mortgages and keep homeowners intact. He has since seen the business through two additional iterations, first as a for-profit that worked directly with individual investors, and most

recently as a crowdfunding platform that allows investors to pool their money and invest in distressed mortgages online. Newbery has 24 years experience in the real estate industry, and founded a successful mortgage company, Sunset Mortgage, in 1992. He began focusing solely on distressed properties in 1995. Newbery draws on his extensive experience to lead AHP’s mission to facilitate win-win-win solutions for homeowners, investors and lenders.

CONTACT

Visit www.AHPinvest.com to learn more and begin investing or call directly at 800-555-1055Jorge is happy to talk to prospective investors himself.

Lori Greymont is featured on “Real Estate Investors Beat”

Recently, Summit Assets Group CEO, Lori Greymont, was interviewed by Real Estate Investors Beat.  In this interview Lori talks about her approach to real estate and the most important lessons she has learned in over 25 years of investing and working in real estate.

Lori Investor Beat article all Lori Greymont is featured on Real Estate Investors Beat

Find a mentor and take action

With over 25 years of experience under her belt, Lori Greymont started investing in real estate while she was still in college. As an accomplished investor, Lori learned how to overcome some of the struggles of being a woman in the real estate industry and hopes to help others do the same.
Name: Lori Greymont
Location:
Morgan Hill
Started investing in: 1989
Years spent investing in real estate: 25+
Estimated portfolio size: 50+ single-family homes and has bought and sold over 1500 to clients since late 2009

When did you start investing and how did you get started?
I started in college. I bought a 3 bedroom house on a HUD program with $500 down and 18% interest rate. I rented out 2 bedrooms and finished out the basement as an apartment. It was my first experience receiving cash flow and I was hooked.

As a woman in the real estate industry, what inspired you to get started?
I grew up in the shadow of a powerful business woman, my mom. She would get an idea, make a decision and just do it—from opening restaurants to buying houses with no money down.

Every few years, we would move into a “broken” house and rehab it. Then when it was finished, we would sell it and move again. I watched how she would do some research and quickly make a decision after a short amount of time and I grew up thinking that was normal until I started working with other investors.

I have come to realize that too many people get stuck in the decision stage and never move forward.

The only thing in life we never get back is time.

So what if you make a mistake? Try again. If you let time slip by and you never try, you are left with regret. I want to live my life to the fullest—that sometimes means failing, but you can never find out if success is there if you don’t try.

Do you recommend women get into property investing?
I think everyone should be in real estate investing. If you look at where most of the wealth is built, you will find it in real estate—for several reasons: it’s real, it’s insurable, it’s in demand, it appreciates in value faster than inflation as an average and it can be leveraged. You can’t do that with traditional investments like stocks so it’s safe if you invest with the fundamentals in mind.

Have you encountered any challenges that you think are unique to being a woman in real estate?
In my current business, I often work with contractors that are rehabbing my homes. I have been rehabbing since I was a teen, meaning physically doing the work. So now that I am the owner hiring the work to get done, it’s not uncommon for a contractor to offer a solution that costs more than necessary.

I will listen, then tell them how I would like them to do it and pretty much don’t leave any ambiguity that I am correct. I usually get the response of “Oh, I didn’t think of that,” or “Yes, that will work.”

I always offer my input and see if they think it would work.

Unfortunately, there are some people who have an issue with a woman directing the job. I’ve learned to part ways amicably and move on.

The hardest thing I think, as a woman, is to fire someone. We are built for relationships and people view us as “kind” so when we have to do something that ruffles that perception, it’s hard for both us and the person we are letting go. I often give people a second and third chance, but it comes down to what I want to create in my life.

If the relationship is not working for me, it most likely isn’t working for them either. So, I ask myself the following questions: What will happen if I continue this way and what will happen if I don’t continue this way? The answer gives me the strength to have the necessary conversation.

What do you love most about investing in real estate?
People. I enjoy helping people get over their fear of whatever is holding them back from making an investment. I also enjoy the hunt of the deal. I love cash flow each month off the properties. I’m also partial to single-family homes and building. It comes down to the improving or adding value for me and making a positive impact.

What is your biggest accomplishment so far?
My biggest accomplishment has been building a multi-million dollar company during the great recession and helping many other investors get into solid investments when most people were fearful. My early adopter investors are now very happy with the growth and appreciation they have seen in the past few years.

Have you made any poor investment decisions? If so, how would you have done things differently?
Of course! I always say a sign of an expert is someone who has made a mistake and stayed in the game. The saying is, ‘if you fall off the horse get back on.’ There is good value in that because you learned something in that process. Why not apply what you learned?

The biggest mistake I made was buying a 40-acre parcel of land with the expectation of appreciation. The reason it was a mistake is because land doesn’t generate income. We had a seller carry mortgage, so we had expenses, no income and decreasing value. Needless to say, we forfeited it back to the owners, causing myself and others to lose our down payment money.

The lesson to learn in this is real estate doesn’t always go up and you should buy on the fundamentals of cash flow. Anything else is a gamble.

What do you think are the most important things every investor should know?
It used to be location, location, location, but I have found that there really are 5 keys to successful investing. They are:

  1. Market timing—you need to understand where in the real estate cycle your market is.
  2. Your plan—invest for what meets your goals, don’t follow what everyone else is doing.
  3. Location—this is important in regards to picking a marketplace that has a strong economy and a neighborhood that meets your investor goals.
  4. Team—this is probably the most important component with long term holds. 90% of your success is based on how well you select and manage your tenant.
  5. Numbers—it’s critical to know what the real numbers are and to make sure they meet your goals.

What would you advise a young woman who is thinking about getting into real estate investing?

Just do it. Find a mentor and take action.

What are your investing goals for the future?
My passion this year is to help others achieve the success they desire. We continue to support investors who want to get solid passive cash flow from turnkey real estate investments through my company, Summit Assets Group.

I have created an all-women’s mastermind group, called the Impact Circle, for investors and business owners that are ready to positively impact their futures. This group brings investors together to catapult each other to success with power, passion and purpose. I’m excited about what we can do together.

                       

Written by Investors Beat