Learn to Start or Grow Your Portfolio with Adiel Gorel

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Attention savvy real estate investors, it’s time for another educational and exciting Realty411 Virtual Investing class for our readers.

Date and time

August 20 · 4am – September 3 · 5am AWST

Location

Online

Our guest will be Adiel Gorel with ICG Real Estate Investments.

ABOUT MR. ADIEL GOREL – CEO of International Capital Group – Keynote Speaker

Adiel Gorel is the CEO of ICG, a prominent real estate investment firm located in the San Francisco Bay Area. Since 1983 he has successfully been assisting thousands of investors with purchasing U.S. properties.

Through ICG he has personally invested in hundreds of properties for his own portfolio and was involved in the purchase of over 10,000 properties for ICG’s investors in Phoenix, Las Vegas, Orlando, Tampa, Jacksonville, Dallas, Houston, Austin, San Antonio, Atlanta, Nashville, Huntsville, Boise, Oklahoma City, Tulsa, Salt Lake City, to name just a few.

Mr. Gorel holds a master’s degree from Stanford University. His professional experience includes Management and Director Positions in firms including Hewlett- Packard, Excel Telecommunications, and biotechnology firms.

ABOUT REALTY411.COM

Since 2007, Realty411 has produced real estate-investing events and expos throughout the nation. Our mission is to educate and empower individuals to invest in real estate. Our virtual events have united hundreds of new and sophisticated investors in real-time from 47 states so far — in total representing 375 cities across the United States.

Join us for an amazing time in real estate education. Every online event we produce is unique, be sure to reserve this day for REI learning at its best. Join from a PC, Mac, iPad, iPhone or Android device – Schedule will be sent to all guests. Thank you.

Learn live and in real-time with Realty411. Be sure to register for our next virtual and in-person events. For all the details, please visit Realty411Expo.com or our Eventbrite landing page, CLICK HERE.

Unlock the Power of Roth-IRA: Your Path to Multi-Millionaire Status

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By Kris Miller

Imagine a future where your hard-earned money not only grows steadily but multiplies exponentially, paving the way to a life of financial abundance. With Roth-IRA, this dream can become your reality. In this exciting and inspiring article, we will reveal the secrets to using your Roth-IRA to harness its remarkable potential for wealth creation. Get ready to embark on a journey towards becoming a multi-millionaire and securing your financial freedom.

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  1. The Magic of Compound Interest: Roth-IRA offers an incredible opportunity for wealth accumulation through the power of compound interest. With an impressive average growth rate of 14%, your money can double in just four years. By reinvesting your earnings, you unlock the potential for exponential wealth growth over time.
  2. Invest Strategically: To maximize the potential of your Roth-IRA, it’s crucial to invest strategically. Conduct thorough research, seek guidance from financial experts, and identify promising investment opportunities. Whether it’s stocks, bonds, real estate, or other assets, make informed choices that align with your financial goals and risk tolerance.
  3. Take Advantage of Tax Benefits: One of the key advantages of a Roth-IRA is the tax benefits it offers. Contributions are made with after-tax dollars, meaning you won’t be taxed on withdrawals in the future. This tax-efficient structure allows your investments to grow unhindered, ensuring more substantial returns over time.
  4. Plan for the Long Term: Building wealth with a Roth-IRA requires a long-term perspective. Resist the temptation to make impulsive decisions based on short-term market fluctuations. Stay focused on your financial goals, maintain a diversified portfolio, and be patient. Remember, true wealth is accumulated over time.
  5. Maximize Contributions: To fast-track your journey to multi-millionaire status, aim to contribute the maximum allowable amount to your Roth-IRA each year. By consistently maximizing your contributions, you take full advantage of the growth potential and maximize the tax benefits associated with these accounts.
  6. Seek Professional Guidance: Navigating the complexities of wealth creation requires expertise. Consider consulting with a financial advisor who specializes in retirement planning and Roth-IRAs. They can help you develop a tailored investment strategy, optimize your contributions, and ensure you’re on track to achieve your financial goals.
  7. Embrace Financial Education: Empower yourself with knowledge about personal finance, investment strategies, and retirement planning. Educate yourself through books, podcasts, seminars, and online resources. The more you understand about managing your finances, the better equipped you’ll be to make informed decisions and capitalize on the potential of your Roth-IRA.
  8. Stay Disciplined and Stay the Course: Wealth creation is a journey that requires discipline and perseverance. Stay committed to your long-term financial plan and resist the temptation to deviate from it. Be proactive in monitoring your investments, adjusting your strategy as needed, and staying the course, even during times of market volatility.

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With the remarkable potential of Roth-IRAs, you have the opportunity to transform your financial future and become a multi-millionaire. By harnessing the power of compound interest, strategic investing, and taking advantage of tax benefits, you can unlock the door to extraordinary wealth. Remember to plan for the long term, maximize your contributions, seek professional guidance, and continuously educate yourself. Embrace the journey towards financial freedom, and watch as your Roth-IRA propels you towards a life of abundance.

Kris Miller

Legacy Wealth Strategist
LDA Document Services
https://calendly.com/krismiller

Healthy Money Happy Life
Make an Appointment with Kris

CA Insurance License OC25427 I am not an attorney. I can only provide self-help services at your specific direction. Should you need legal advice, you will need to consult an attorney. We do Estate Planning, Wills, Living Trusts, Power of Attorney, Health Care Directives and Deeds. Legal Document Assistant in Riverside County, California LDA #000041 Riverside County, expiring 10/15/2021

Learn live and in real-time with Realty411. Be sure to register for our next virtual and in-person events. For all the details, please visit Realty411Expo.com or our Eventbrite landing page, CLICK HERE.

Tips for Getting a Merchant Cash Advance

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By Vista Capital Solutions

Are you considering a merchant cash advance for funding? Do you need financing quickly? Or is your current credit score making it difficult to acquire a traditional loan?

No matter why you are looking into a business cash advance, some tips will help ensure you take out the right advance from the right provider

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Avoid Running Negatives

If you are considering a merchant cash advance, the lender will look at your current accounts to calculate the right amount. They will look at your current and prior transaction history to do this.

If you have had a lot of situations of bounced checks and insufficient funds, you may not receive the funding you apply for. In most cases, the funding company will require that you may payments daily. If you have a track record of not meeting your financial obligations, getting this type of funding may be impossible. Because of this, you need to make sure you don’t have a lot of instances of negative balances

Maintain a Sufficient Daily Balance

If you want to be approved for an advance, you have to keep your day-to-day balances as high as possible and avoid negative balances in your accounts. Suppose a funding company sees that you have sufficient balances and that you keep these consistently to meet financial obligations. In that case, they are much more likely to provide you with the financing that you requested. It will also help you get a longer-term and lower rate than if you had lower day-to-day balances

A Good Credit Score

Do you have a good credit score? If not, you may find it difficult to get the cash advance you have applied for. A merchant cash advance company is a new creditor, which means they may want to view your past track record of payments, if they were on time, etc. If they find out you have had issues, such as a poor credit history, past defaults, or delinquencies, then you may not get the funding you requested from that provider

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Acquiring a Merchant Cash Advance

As you can see, there are several things that a merchant cash advance lender will consider when it comes to providing this funding. Be sure to keep the information here in mind, which will give you the best chance possible of getting the funding you need. Being informed will also help you secure this financing to help grow your business.

Learn live and in real-time with Realty411. Be sure to register for our next virtual and in-person events. For all the details, please visit Realty411Expo.com or our Eventbrite landing page, CLICK HERE.

Moving Made Easy: Strategies for Real Estate Investors on a Tight Schedule

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By Jason Mueller 

Moving can be a daunting task, especially for real estate investors who often find themselves juggling multiple properties and deals on a tight schedule. The process of relocating can be stressful, time-consuming, and disruptive to business operations. However, with careful planning and strategic execution, moving can be made much easier, allowing investors to transition smoothly while minimizing downtime and maximizing productivity.

In this guest post, we will explore some effective strategies for real estate investors on a tight schedule to make their move a seamless and efficient experience.

Photo by Zachary Kadolph on Unsplash

Why Choose Three Movers for Your Moving Needs

When it comes to moving, choosing the right moving company is crucial for a smooth and stress-free experience. ThreeMovers.com offers a compelling option for your moving needs. With a team of experienced professionals, they provide efficient and reliable services, ensuring the safe transport of your belongings. Three Movers takes care of all the logistics, from packing to unpacking, so you can focus on other aspects of your move. Their expertise, attention to detail, and commitment to customer satisfaction make them an excellent choice for anyone seeking a seamless and hassle-free moving experience.

Create a Comprehensive Moving Plan

The first step to ensure a successful move is to develop a detailed moving plan. Start by setting a firm moving date and work backward, creating a timeline with specific tasks and deadlines. Include everything from notifying tenants and clients about the move to arranging for utilities and services at the new location. Having a clear plan in place will help you stay organized and focused throughout the process.

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Delegate and Outsource

Real estate investors often have a multitude of responsibilities and limited time. To alleviate the burden of moving, delegate tasks to capable team members or consider outsourcing certain aspects of the process. Hire professional movers to handle the logistics of transporting your belongings, enlist the help of a property management company to manage tenant communications, or hire virtual assistants to handle administrative tasks. By delegating and outsourcing, you can free up your time and concentrate on critical business matters.

Pack and Label Efficiently

Packing is a time-consuming process that can become overwhelming without proper organization. Create an efficient packing system by decluttering and sorting your belongings. Separate items into categories, such as furniture, documents, equipment, and personal belongings. Use high-quality packing materials and label each box clearly with its contents and the room it belongs to. This will save you time when unpacking at the new location and help you locate items quickly when needed.

Utilize Technology

Take advantage of technology to streamline your move and manage your real estate business more efficiently. Use property management software to handle tenant communication, lease agreements, and rent collection remotely. Utilize cloud storage services to store important documents and access them from anywhere. Virtual meeting platforms can also be helpful for conducting meetings with clients and contractors during the moving process.

Coordinate with Contractors and Service Providers

If you have ongoing construction or renovation projects, make sure to coordinate with contractors and service providers well in advance. Communicate your moving schedule and discuss any necessary adjustments to project timelines. By proactively managing these relationships, you can ensure a smooth transition and minimize any disruptions to your business operations.

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Prioritize Essential Services

One of the key aspects of moving is transferring utilities and services to the new location. Prioritize essential services such as electricity, water, internet, and phone lines. Notify service providers ahead of time about your move and schedule the necessary installations and transfers. This will ensure that your business can resume operations promptly at the new location.

Notify Tenants and Clients

If you own rental properties or have clients who regularly visit your office, it is crucial to notify them well in advance about your move. Send out formal notifications via email or physical mail, and provide clear instructions regarding the relocation. Address any concerns they may have and reassure them of uninterrupted services during the transition. Open lines of communication with tenants and clients, and keep them updated on the progress of the move.

Plan for Downtime

Despite careful planning, it is essential to anticipate some downtime during the moving process. Allocate time for setting up the new space, unpacking, and reorganizing your business operations. Consider scheduling your move during a period of low activity or plan to work remotely during the transition. By acknowledging and planning for downtime, you can minimize its impact on your real estate business.

Take Care of Legal and Administrative Tasks

Moving involves various legal and administrative tasks that should not be overlooked. Update your business address with the appropriate authorities, including government agencies, banks, insurance providers, and clients. Review and revise any contracts or lease agreements that may be affected by the move. Consult with legal professionals to ensure compliance with any regulatory requirements associated with your relocation.

Celebrate the Move

Finally, once you have successfully completed your move, take the time to celebrate this milestone. Recognize and appreciate your team for their efforts in making the transition smooth. Consider hosting a grand opening event at your new location to showcase your commitment to growth and to strengthen relationships with tenants, clients, and business partners.

Final Thoughts

Moving can be a challenging endeavor for real estate investors on a tight schedule. But, with the right planning in place, it can be much easier. By creating a comprehensive moving plan, delegating tasks to capable team members or outsourcing certain aspects, utilizing technology to streamline operations, prioritizing essential services, and effectively communicating with tenants and clients, investors can minimize disruptions and maximize productivity during the move. Careful planning and execution are key to ensuring a smooth transition and allowing investors to continue their real estate endeavors successfully. With these strategies in place, moving can be transformed from a stressful experience into a seamless and efficient process, ultimately benefiting the investor’s business and bottom line.

Jason Mueller

Jason Mueller has a passion for real estate. He has been both a real estate agent and an investor. Currently, he is invested and living in Costa Rica.

3 Secrets About Financial Planning (That Your Broker Doesn’t Want You to Know)

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By Kris Miller, LDA

Most people who have a 401(k) or an IRA have little idea of where their money is invested. When you ask them, “whereʼs your retirement money?” they reply, “at the bank” or “with my broker.” No wonder so many people are financially unprepared for retirement.

If you want to be financially secure in your Golden Years, you must take control of your investments today. Handing your money over to a broker and hoping they will look out for you is a recipe for disaster. Imagine saving and investing for 40+ years, only to find out at age 65 or 70 that you donʼt have enough money to retire. It happens every day.

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With so much financial planning information available, why are so many people unprepared for retirement? Because there are certain financial planning myths that simply wonʼt go away. And the more you believe the myths, the more of a struggle your retirement will be. Letʼs uncover the truth (that most brokers would like to remain a secret) once and for all so you can take charge of your financial future.

Myth #1 You Must Put Your Money at Risk

Most 401(k) and IRAs are invested in the stock market, and the stock market is the riskiest place to put your money. Youʼve likely heard “market experts” say that now is a good time to invest in the market. A broken watch tells the right time twice a day, but thatʼs no reason to wear one.

Likewise, youʼve likely heard someone start a sentence with, “our economists are forecasting…” Ask your broker if the firmʼs economists predicted the most recent recession, and if so, when? Warren Buffett once said that forecasters make fortune tellers look good. If you want to earn higher returns, most brokers tell you that you have to take more risk. That’s not entirely true.

HERE’S THE TRUTH: Thereʼs no reason for all of your money to be at risk. You can make money with safer investments, such as fixed index annuities, which are like a savings account with an insurance company. In fact, even during the Great Depression, not one person lost money with a fixed index annuity. Theyʼre safe, they have liquidity, and they offer better rates than most other products.

Myth #2 Your Broker Only Makes Money When You Do

Itʼs nice to think that your broker only cares about you and your financial future, but thatʼs not 100% true. While your broker likely does want the best for you, hereʼs what usually happens when you let them invest your money:

Your broker buys shares of stocks and mutual funds. The market does one of three things: goes up, goes down, or remains stagnant. Wall Street canʼt control the market, and neither can your broker, but they make money regardless of whether you do or not.

HERE’S THE TRUTH: Brokers donʼt only make money when you do. Sure, theyʼd like you to make money, but they actually make their money by managing your money. They get paid when the market goes down; they get paid when the market goes up; they get paid when the market is flat. In other words, they always win. Their clients, however (and that would be you), only win in one of those three directions. Brokers win in all three.

Myth #3 Small Fees Are Not a Big Deal

Even if you are putting money into your retirement account on a regular basis, hidden fees may be slowly draining your account. The disclosed fees are simple to find — look at the expense ratio, which is found in the prospectus. These fees are commonly referred to as “management fees.” Administration fees (added on top of management fees) are much harder to find. You may think that a small fee here and there isn’t a big deal.

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After all, how much could these administration fees possibly be? Consider this example from the U.S Department of Labor 401(k) fee website:

“Assume you are an employee with 35 years until retirement and a current 401(k) account balance of $25,000.

If returns on investments in your account over the next 35 years average 7% and fees and expenses reduce your average returns by 0.5%, your account balance will grow to $227,000 at retirement, even if there are no further contributions to your account.

If fees and expenses are 1.5%, however, your account balance will grow to only $163,000.”

The 1% increase in fees reduces the account balance at retirement by 28%. Thatʼs a huge fee!

Be sure to look for and ask your broker about the following fees:

• Plan Administration Fees
• Investment Fees
• Individual Service Fees

Plan Your Future Today

Whether you plan to retire today or in 30 years, you need to take control of your retirement accounts right away. Understanding how your money is invested and making sure itʼs working for you in the most efficient way will give you peace of mind and future security. By dispelling these three myths and putting some time into planning, you can rest assured that your retirement years will be pleasurable—and prosperous.

Kris Miller

Legacy Wealth Strategist
LDA Document Services
https://calendly.com/krismiller

Healthy Money Happy Life
Make an Appointment with Kris

CA Insurance License OC25427 I am not an attorney. I can only provide self-help services at your specific direction. Should you need legal advice, you will need to consult an attorney. We do Estate Planning, Wills, Living Trusts, Power of Attorney, Health Care Directives and Deeds. Legal Document Assistant in Riverside County, California LDA #000041 Riverside County, expiring 10/15/2021

Learn live and in real-time with Realty411. Be sure to register for our next virtual and in-person events. For all the details, please visit Realty411Expo.com or our Eventbrite landing page, CLICK HERE.

Tips on How Podcasts Can Make Money

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By Stephanie Mojica

When entrepreneurs think of getting into the media, they often think of magazines, newspapers, TV, and radio.

But podcasts are a growing, and still often-overlooked, form of media that can dramatically benefit all types of entrepreneurs and experts.

According to Buzzsprout, only 22 percent of American adults in the early 2000s knew the term podcast. Currently, the estimated number is 78 percent.

For those who don’t know, a podcast is generally a series of audio-only episodes surrounding a central theme. It’s sort of a mix of blogging and radio, though there are some distinct differences.

For example, podcast interviews are evergreen. Meaning, they last forever. Podcast hosts tend to publish their episodes on multiple websites and apps dedicated to this medium, including Apple Podcasts, Spotify, Audible, Google Podcasts, Blog Talk Radio, and many more.

I’ve been on podcasts where the hosts also livestream the interview (including the video) to YouTube, Facebook, and Instagram.

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Examples of Making Money Through Podcast Interviews

While many people produce podcasts or do podcast interviews as a hobby, there are ways to monetize both ends of the spectrum.

For example, I had an interview with the Yeukai Business Show (a podcast based out of the United Kingdom that is in the top three percent of globally ranked podcasts). The host, Yeukai Kajidori, immediately introduced me to someone he had recently interviewed who was hoping to write a book. She and I had a conversation and she enrolled in my 90-day intensive. She finished her book during our time together and is having it published.

My company had another client, I’ll call her Anne, who sold 400 books from a single podcast interview. Since her royalties through Kindle Direct Publishing are $9.72 per book sold, she made $3,888 from a single interview!

Yet another client, I’ll call him Don, sold an $8,000 consulting package to someone who heard him on a podcast.

The list goes on and on. Podcasts, when used well, are an amazing tool to gain more sales…and you don’t even need a book to do it (though a book always helps you get interviews and have something to offer listeners right away)

Tips for Monetizing Podcast Interviews

While we’ll go deeper into the process of getting these opportunities in a future article, it’s fairly easy to get started with podcast interviews. Facebook groups and Clubhouse rooms dedicated to find a guest, be a guest abound.

While you should do more careful targeting later on, it’s fine to do a few interviews with any show related to your expertise just to get started and become known. Many of my recent podcast interviews came from referrals from other podcast hosts, so getting in the game so to speak is key.

Each podcast interview takes about 30 to 75 minutes of your time. Depending on your schedule and goals, you should aim to do at least one a month. Many folks, including myself, try for one a week. If you’re launching a book or a course, the more interviews the better.

When pitching yourself to a podcast or speaking on a podcast, avoid hard sales pitches. I think you know what I’m talking about. Do not basically order people to buy your product or service. I’ve heard of podcast hosts not publishing episodes where all the guest does is try to sell to the audience.

Podcast listeners want value. They are dedicating their time to listen to you. While they’re aware that you’re in business, they don’t want to hear sales pitches the entire time.

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Tell Stories About Your Clients

Answer questions about yourself honestly and in an engaging manner.

Weave in ways they can get in touch with you. For example, I’ll say something like, “I go deeper into this in my free eBook” and mention the title and website.

Always say any web addresses twice and speak slowly when giving them.

Use headphones and a good microphone to avoid background noises that can render your episode unusable.

Most podcast hosts will let you put links in what they call show notes. Some have limits; others don’t. If you’re limited, I recommend a link to a free offer where listeners can leave their email address (aka they opt in), your LinkedIn profile, and your most popular social media profile or your Facebook group. I still wouldn’t give 50 links; as one of my mentors, Ali Brown, once said in a virtual training class, “A confused mind says no.”

Keep in Touch with Your Hosts

Not everyone will mesh well, and that’s okay. But most of the time, you’ve started a relationship that’s worth continuing — and you need to nurture it.

Keep in touch with the podcast host. Most are happy to accept your friend request on social media. See if there are ways you can bring them more value.

In October 2021, I hosted a 30-plus speaker summit called The Visible Authority Virtual Event — Be Seen. Get Heard. Get Paid. Alex Villacis, host of Do I Need School to… invited me to do an Instagram Live with her to help drive members of her audience to my summit. This was only possible because we kept in touch after my interview with her about the book editing side of my business.

Another host, Heather Zeitzwolfe from the Get the Balance Right podcast, invited me to be a speaker on her Zoom networking event. People signed up for my free Business Book Blueprint five-day challenge as a result. I’ve also introduced potential virtual assistants and mentors to her.

I’ve referred multiple clients and business associates of mine to these podcasts as well as other podcasts. The key is to treat every host you meet with respect, bring plenty of value to their audiences, keep in touch, believe in the power of your message, and just get started.

Learn live and in real-time with Realty411. Be sure to register for our next virtual and in-person events. For all the details, please visit Realty411Expo.com or our Eventbrite landing page, CLICK HERE.

How Raising Your Business Credit Score Can Help Your Company

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By Vista Capital Solutions

You probably remember using your personal credit lines to take out the initial loans needed to open your business. Before starting a company, you don’t have any business credit. Even after a few years, it is possible that your company still won’t have established business credit. If you don’t actually work on your business score, then you may never have this kind of credit. Discovering ways to beef up your business credit score can help your company realize a whole host of untapped opportunities.

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Repair Your Personal Credit

Your personal credit score and business credit score are two totally different entities. However, the first factor in establishing a business score is maintaining a decent personal credit score. Before you can start building business credit, you should focus on any necessary personal credit repair first. If you find that your individual score needs improving, there are some things you can do. Any derogatory marks can keep your score down, so try to dispute these items with each of the different credit bureaus. If you’re successfully able to remove any of these negative marks, your score will increase as a result.

Build Your Business Credit

Although the first step toward building business credit is focusing on your personal credit repair, there are additional measures you should consider. One way to start having good business credit is by paying your bills as early as possible. This factor is very important to the bureaus that determine business scores. Checking with these bureaus can help you understand other factors that make up your score, so you don’t waste time with unnecessary actions.

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Understand the Benefits of Good Credit

Before you go through the necessary credit repair to begin building your business score, you want to understand why this type of credit is significant. Not all companies have established business credit, and it may limit future growth in many ways. A good business credit score makes you eligible for financing opportunities that can dramatically expand your company. A good business score can make or break a deal, especially when purchasing or leasing commercial real estate. If you want to grow your business and make exponential profits, you should pay attention to building business credit.

There are many benefits to establishing a decent business credit score. Your personal credit will improve, your business will grow, and you will realize many new opportunities as a result of your hard work.

Learn live and in real-time with Realty411. Be sure to register for our next virtual and in-person events. For all the details, please visit Realty411Expo.com or our Eventbrite landing page, CLICK HERE.

Pacific Urban Investors Acquires La Jolla International Gardens

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PALO ALTO, Calif., July 06, 2023 — Multifamily owner-operator and investment manager Pacific Urban Investors acquired La Jolla International Gardens, a 400-unit apartment community in the La Jolla / University Town Center (UTC) submarket of San Diego, CA, on April 27, 2023. The property was renamed Allina La Jolla (the “Property”) and marks Pacific’s 21st acquisition in the San Diego Market.

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Allina La Jolla is a 100% market rate property built in 1986. La Jolla / UTC is known as a regional employment driver in multiple science and technology fields due to its business connectivity to the University of California at San Diego (UCSD) research ecosystem. Proximity to downtown La Jolla, job centers up and down the I-5/I-15 corridors, and some of southern California’s best beaches make La Jolla / UTC a highly sought-after locale offering convenient coastal access and short commute times. The Property offers semi-urban, walkable living 10 minutes from the ocean, a job-dense micro location with abundant neighboring retail, and spacious amenities. Community offerings on the meticulously crafted, 7-acre asset include a resort-style pool and spa, sprawling clubhouse, fully-equipped business center, modern fitness center, sand volleyball court, and bar-be-que area.

Pacific Urban Investors is committed to preserving the distinctive character and identity of Allina La Jolla while introducing new initiatives aimed at further enhancing the resident experience. The company plans to invest in modernizing the community’s amenities, including expanded communal areas for residents to connect and engage, and upgrading resident unit interiors.

“Allina La Jolla gives Pacific the opportunity to own a high quality, well-kept vintage asset that offers residents a pleasant living experience with proximate access to La Jolla beaches only a short drive away. Exceptional demographics, award-winning schools, world-class outdoor amenities, and expansive retail offerings make La Jolla / UTC as desired a coastal community as any in San Diego County. The Property’s premium location, access to multiple employment nodes, ample amenities, and well-designed floor plans, all serve as differentiating features in the marketplace,” said Grant Geisen, Senior Vice President of Investments at Pacific.

Pacific’s President Rory Gardner commented, “We are excited to obtain a position in this coveted coastal San Diego submarket where opportunities are so difficult to come by. Allina La Jolla is a welcome complement to our growing Southern California portfolio, and we are actively seeking additional San Diego investments across all our strategies; including both direct acquisitions, as well as joint venture and preferred equity opportunities.”

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About Pacific Urban Investors: The Palo Alto, CA-based company has over $8.6 billion in assets under management and owns and manages a national portfolio of more than 20,000 units. The firm and its partners have decades of experience in apartment investments, both repositioning and ‘re-manufacturing’ multifamily assets and their income streams to their optimal, core potential. Pacific has progressed over time to become a best-in-class owner, operator and asset manager in the multifamily space, serving as a fiduciary for its own partner capital as well as its strategic partnerships with institutional pension funds and other sophisticated investors. Pacific is actively acquiring multifamily assets as a principal and providing both co-investment and preferred equity for development, acquisition, and recapitalization.

Learn live and in real-time with Realty411. Be sure to register for our next virtual and in-person events. For all the details, please visit Realty411Expo.com or our Eventbrite landing page, CLICK HERE.

How Different Kinds of 401K Rollovers Can Help Your Employees

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By Vista Capital Solutions

Figuring out to handle issues regarding 401K retirement plans can be particularly tricky for some people. When you own a company and offer this kind of benefit to your employees, you want them to get the most out of the experience. People use this kind of feature to save money for retirement, and they take it out of the income they’ve worked hard for. If you’ve hired a new associate who has a 401K with their previous company, then you want to offer them a way to roll it over to the plan that you offer.

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Consider New Associates

When you find a great new candidate to join your company’s team, you want to give them flexible benefits. Allowing them to do a 401K rollover from their previous company to the plan that you offer is a huge benefit. Sometimes, people can’t keep this benefit once they leave an employer and must find a way to roll their funds over to avoid hefty tax penalties.

Think About Former Employees

If you have an associate who chooses to leave your company, then they may have to perform a 401K rollover elsewhere. For example, if this person goes to work for a company that doesn’t offer a 401K plan to its associates, then they will have to find a place to put their account or pay taxes. By allowing your former employee to keep their money in the account after they no longer work for you, you will be saving them a large amount of their hard-earned funds. Check with your benefits provider to see how you can arrange this for former employees.

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Understand Other Options

When people want another option for their 401K rollover, they usually turn to an individual retirement account or IRA. As a business owner, it’s important to understand this option especially if you’re investing for your retirement. This option can help a person avoid the tax burden that comes with cashing out a 401K before the minimum age. If you have a 401K from a previous job and wish to put the money elsewhere, choosing this option is usually a good idea. Check with your local financial advisor to learn more about this process.

Understanding more about how to transfer from one 401K to another can help you make informed benefits choices for your employees. When you offer more options to your workers, they will be happier as a result.

Learn live and in real-time with Realty411. Be sure to register for our next virtual and in-person events. For all the details, please visit Realty411Expo.com or our Eventbrite landing page, CLICK HERE.

The Lock-In Effect and Keys to Success

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By Rick Tobin

There sure seems to be more bad news than good news these days about the state of real estate. During turbulent times like we’ve all seen in recent years, the most common first human reaction is usually denial or acting somewhat like a locked up “prisoner” with a frozen “deer-in-the-headlights” look in our eyes. Yet, this is exactly when we should stay focused on the potential opportunities more so than the temporary obstacles standing in our way.

As foreclosure filings continue to increase to an average near 50% higher than the pre-pandemic years (2019 and earlier), struggling homeowners and landlords will need to focus on solutions such as loan modifications, forbearance agreements, short sales, and quick sales for cash. As an investor in the near future, you will likely find more deals readily available to choose from if you know where and how to look for them.

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Some metropolitan regions like Houston have 56% higher foreclosure rates. Other places like Minneapolis/St. Paul saw +106% foreclosure rates in March. Nashville was +35% higher and Phoenix + 33% higher in May; Rhode Island was up 32% in May.

During the depths of the Credit Crisis / Great Financial Recession years between 2008 and 2013, California was hit the hardest with a -41% home price drop average from peak to trough. Nevada, Arizona, and Florida weren’t too far behind.

Some California home prices have risen as much as +41% over a period of just 18 to 24 months in recent years, so an equivalent -41% price drop is easier to imagine as some values may drop back towards 2021 levels.

The typical home today is about $80,000 higher than it was just two years ago. The average monthly rent payment today is more than $1,000 higher than it was in 2020. Middle-income first-time buyers are unable to afford 70% of homes. As California unemployment rates continue to rise at a faster pace than most other states (Big Tech layoffs, especially), it will be more challenging to continue making mortgage payments.

Rental Market Trends

Today, there are 65% more active short-term rental listings on Airbnb and VRBO (965,000+) than all homes listed for sale nationally (554,000+), as per Realtor.com and other sources. At some point, the vacant short-term rentals will become listed homes for sale or distressed properties due to higher vacancy rates.

Ironically, the founders of Airbnb originally used air mattresses to cover their own San Francisco apartment unit’s rent. Eventually, air bubbles go pop one way or another.

Rent Increases

The following metro areas have experienced the greatest year-over-year rental price percentage increases through May 2023:
Providence-Warwick, RI-MA (+17.44 percent)
Kansas City, MO (+13.20 percent)
Minneapolis-St. Paul-Bloomington, MN-WI (+8.97 percent)
Raleigh-Cary, NC (+8.05 percent)
Charlotte-Concord-Gastonia, NC-SC (+7.65 percent)
San Jose-Sunnyvale-Santa Clara, CA (+7.59 percent)
Hartford-East Hartford-Middletown, CT (+7.47 percent)
Columbus, OH (+6.81 percent)
Los Angeles-Long Beach-Anaheim, CA (+6.20 percent)
Riverside-San Bernardino-Ontario, CA (+5.97 percent)

Rent Decreases

The following metro areas have experienced the largest year-over-year rental price percentage decreases through May 2023:
Austin-Round Rock-Georgetown, TX (-20.76 percent)
New Orleans-Metairie, LA (-20.42 percent)
Las Vegas-Henderson-Paradise, NV (-10.57 percent)
Houston-The Woodlands-Sugar Land, TX (-8.42 percent)
Seattle-Tacoma-Bellevue, WA (-8.28 percent)
Cincinnati, OH-KY-IN (-6.49 percent)
Phoenix-Mesa-Chandler, AZ (-6.46 percent)
Birmingham-Hoover, AL (-5.98 percent)
Memphis, TN-MS-AR (-4.85 percent)
Oklahoma City, OK (-4.44 percent)
Source: Rent.com

Multifamily Trends in Southern California

Sales and prices for multifamily apartment buildings have started to really fall in Los Angeles and other metropolitan regions across the nation. Specifically within Los Angeles, the number of units fell 11% in the first quarter of 2023 as compared with the previous fourth quarter in 2022. More shockingly, multifamily apartment building prices collapsed by -37.5% year-over-year as per a report shared by NAI Capital.

During the same first quarter time period, the average sales price per apartment unit dropped by 18.4%. One major factor for the falling price and sales volume numbers for Los Angeles County was directly related to the Measure ULA “mansion tax” that affected both luxury homes and commercial real estate properties priced above $5 million as of April 1st.

While $5 million may seem pricey for a luxury home in Los Angeles or elsewhere, the same $5 million dollar price tag for a rather small multifamily apartment building is much more common.

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Strangely, both vacancy rates and apartment rents continue to rise together at the same time in many parts of Los Angeles and elsewhere. Average rents rose to $2,156 per apartment unit in Los Angeles, a +1.9% year-over-year increase.

Some regions of Los Angeles had more negative rent, sales price, and vacancy trends. For example, the first quarter numbers for these Los Angeles multifamily submarkets were more negative than positive and were as follows:

  • San Fernando Valley and Santa Clarita Valley: The average multifamily sale price per unit fell by -35.9% year-over-year while the vacancy rates increased by +22%.
  • San Gabriel Valley: The average sales price per unit decreased by -20.3% while vacancy rates skyrocketed by +32.2%.
  • L.A. Westside: The average sales price per unit fell by -9.5% while vacancy rates increased by +10.7%.

Historically, rising vacancy rates and rental payment trends are usually inverse to one another like a seesaw with payments falling as vacancy rates rise. We shall see how long this trend lasts.

A very high number of landlords haven’t collected a rental payment for two or three years either, especially in Los Angeles County. When will the foreclosure and tenant eviction rates really begin to accelerate and adversely impact both tenants and landlords?

The Locked-In Homeowner and Unlocked Treasures

There are upwards of 16 to 20 million vacant or distressed properties across the nation. Additionally, there are millions of distressed FHA mortgages alone. Many homeowners haven’t made a mortgage payment for more than three years just like so many tenants.

Loan modifications, forbearance, and loan forgiveness plans continue at near record paces across the nation. Lenders are not filing foreclosure as aggressively as they would have in years past, partly due to ongoing pandemic restrictions in place. This is a major reason why the national home listing inventory supply is so low.

Another reason why there are so few homes listed for sale is because upwards of 92% of homeowners with a mortgage have an existing rate at or below 6%, as per a study released by Redfin. Let’s take a quick look below at the fixed rate estimates for homeowners as of the first quarter:

  • 91.8% of mortgaged homeowners have rates below 6%.
  • 82.4% of homeowners have rates below 5%.
  • 62% of homeowners have rates below 4%.
  • 23.5% of homeowners have rates below 3%.

It can be rather challenging for a homeowner to consider losing their 6%, 5%, 4%, 3%, or even 2% fixed rate mortgage with a 30-year term and move to another home with a rate closer to 7% or 8%. As a result, it’s referred to as the “lock-in effect” because so many homeowners don’t want to lose their near record rate locks.

The market may change for the better or worse later this year depending upon a few factors such as follows:

First, will future unemployment trends improve or get worse. A loss of income is generally the #1 reason why someone loses their home to foreclosure.

Second, will lenders and loan service companies start to file foreclosure notices at a much faster pace than in recent years?

Third, will tenant protections in place be eased up or tightened? Most landlords are small investors who may be fortunate to own just one or two rental properties. After months or years of no rent collected, the landlords may be at risk of losing their rentals and primary home to foreclosure.

Your key to future success that unlocks your potential as either a homeowner, investor, or tenant is to focus on the positives and negatives while minimizing your risk and maximizing your gains. With the right mindset and guidance, it will be akin to a literal key that unlocks a treasure chest!!!

Rick Tobin

Rick Tobin has worked in the real estate, financial, investment, and writing fields for the past 30+ years. He’s held eight (8) different real estate, securities, and mortgage brokerage licenses to date and is a graduate of the University of Southern California. He provides creative residential and commercial mortgage solutions for clients across the nation. He’s also written college textbooks and real estate licensing courses in most states for the two largest real estate publishers in the nation; the oldest real estate school in California; and the first online real estate school in California. Please visit his website at Realloans.com for financing options and his new investment group at So-Cal Real Estate Investors for more details. 

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