What a great presentation by Tom Wilson at the Mid-Peninsula meeting this month - for those who love data Tom more than performed with a very comprehensive Power Point presentation on Dallas Fort Worth market. We have had many requests for a copy of the presentation - that is available in a PDF format below. Enjoy!
Tom Wilson Presentation Aug 19th, 2008Wednesday, August 27, 2008
Saturday, August 16, 2008
The Insider Scoop - British Perspective...
I am in San Diego with my family vacationing at the moment. My brother John, his wife, and three girls are here visiting from London also. John owns a Electrical Contracting company in London, and is also a real estate investor. I talked him into flying back to San Jose with me for the Mid-Peninsula meeting on Tuesday evening to chat with him on stage. His company is an electrical contracting one, and they are working on the Olympic tube station currently, as the Olympics will be held in London in four years.
This financial crisis that we are experiencing is not limited to the US - it is becoming more and more apparent that certain European countries have been similarly impacted. John shared his insights particularly on the Irish and English real estate segments. Britain historically has had under-supply with housing, and this is present today also, the one difference is that the financial markets have tightened up so dramatically that it is very difficult to get loans.
Ireland, on the other hand, has been over-build and economically there are lots of issues - larger companies are relocating from there to cheaper locals. Foreign nationals are leaving, chasing the work to other areas, including areas like Poland/Eastern Bloc countries which are beginning to develop economically and create vibrant economic climates for their own citizens. The huge growth that the Irish economy has experienced over the last several years was dubbed the "Celtic tiger" because it took off like a roaring tiger and created a huge amount of wealth there over the years. The foreign nationals that came to work there needed housing, but now those jobs are evaporating, they are moving onto greener pastures, and vacancy rates are increasing. There should be some solid investments available there in the next couple of years.
It is always interesting to hear from someone on the ground what is going on in a given market. John also chatted about the socialized health care system that Britain enjoys, the costs involved, and the high taxes that people pay for that - he pays 45% in taxes...everything comes with a price.
Our speaker Tom Wilson did an excellent presentation on DFW, and the reasons why that market continues to attract a lot of interest. What a great meeting!
This financial crisis that we are experiencing is not limited to the US - it is becoming more and more apparent that certain European countries have been similarly impacted. John shared his insights particularly on the Irish and English real estate segments. Britain historically has had under-supply with housing, and this is present today also, the one difference is that the financial markets have tightened up so dramatically that it is very difficult to get loans.
Ireland, on the other hand, has been over-build and economically there are lots of issues - larger companies are relocating from there to cheaper locals. Foreign nationals are leaving, chasing the work to other areas, including areas like Poland/Eastern Bloc countries which are beginning to develop economically and create vibrant economic climates for their own citizens. The huge growth that the Irish economy has experienced over the last several years was dubbed the "Celtic tiger" because it took off like a roaring tiger and created a huge amount of wealth there over the years. The foreign nationals that came to work there needed housing, but now those jobs are evaporating, they are moving onto greener pastures, and vacancy rates are increasing. There should be some solid investments available there in the next couple of years.
It is always interesting to hear from someone on the ground what is going on in a given market. John also chatted about the socialized health care system that Britain enjoys, the costs involved, and the high taxes that people pay for that - he pays 45% in taxes...everything comes with a price.
Our speaker Tom Wilson did an excellent presentation on DFW, and the reasons why that market continues to attract a lot of interest. What a great meeting!
Sunday, August 10, 2008
Jack Miller Update
We have not done a lot of seminars or events this year as the market is changing and there are not a lot of substantive speakers available to educate on how to approach the real estate market today. There are plenty of marketers out there, with a lot of fluff and no substance, who follow a presentation with a heavy sales pitch for product as this is how they are making their money now. Jack Miller is the real deal and is well worth your time. I recently attended an 3-day event that he hosted, and never once heard him refer to a product that we should buy...
This market is very different to what we have experienced the last several years, and it is the old-timers with the gray hair who can assist us with navigating this cycle successfully. So that being said - I am very pleased to announce that we are indeed going to host the legendary Jack Miller on Saturday, September 6th, (and at our SJREI meeting on September 4th) for an all day purely information seminar. Jack is an internationally known speaker who has done creative financing deals that most of us cannot conceive of yet, and I know that his presentation will be so very helpful to us investors. Creative financing will be the key to success this cycle so mark your calandars. Click here to listen to this 79 year old share his wisdom.
Starting Out From Ground Zero (5 minutes, 30 seconds)
The cost is only $197 pre-registered. for us. So sign up today to secure your spot - you will not be disappointed. Click here to register. We hope to see you there!
This market is very different to what we have experienced the last several years, and it is the old-timers with the gray hair who can assist us with navigating this cycle successfully. So that being said - I am very pleased to announce that we are indeed going to host the legendary Jack Miller on Saturday, September 6th, (and at our SJREI meeting on September 4th) for an all day purely information seminar. Jack is an internationally known speaker who has done creative financing deals that most of us cannot conceive of yet, and I know that his presentation will be so very helpful to us investors. Creative financing will be the key to success this cycle so mark your calandars. Click here to listen to this 79 year old share his wisdom.
Starting Out From Ground Zero (5 minutes, 30 seconds)
The cost is only $197 pre-registered. for us. So sign up today to secure your spot - you will not be disappointed. Click here to register. We hope to see you there!
Jack Miller
Jack is an internationally known speaker who has done more creative financing deals than most of us cannot conceive, and when he presented at the SJREI in September, his presentation will was very helpful to us investors. Creative financing will be the key to success this cycle. Below is a great audio from Jack that gives you an idea of the quality of his content rich material.
Check out this 6 minute audio link to listen to him speak.
Starting Out From Ground Zero (5 minutes, 30 seconds)
Check out this 6 minute audio link to listen to him speak.
Announcing a Special Jack Miller Seminar Experience! The Mexican Riviera Seminar Fun Cruise December 13-20, 2008
Combine a 7 night cruise from San Diego to Puerto Vallarta, Mazatlan and Cabo San Lucas - all while attending seminars by Jack Miller on: Negotiation Techniques, Lawsuit & Asset Protection, and Portfolio Strategies while at sea.
Enjoy this week of education, fellowship, and fun while on board Holland America Cruise Line's 'Oosterdam', described as a 5 Star Floating Resort.
Click Here to Register
Starting Out From Ground Zero (5 minutes, 30 seconds)
Tuesday, August 5, 2008
REO Status Update
It is a dicey market out there - lots of banks are closing their doors and getting financing is no small accomplishment. Realtors are making little or no money since the market has changed, but those who are focused on REO's are doing just fine. REO inventories are climbing rapidly - we need to understand what that means for us. Our SJREI meeting on Thursday will feature several succcessful professionals who will address these changes and share ideas on how we can navigate those successfully as investors. We will also discuss areas that are hot and areas that are not, and present the numbers and facts so that decisions to invest are made based on good solid data.
Check out the first article below - commuters are no longer willing to commute to work, it costs too much. Those houses purchased in Modesto and beyond are going into foreclosure and the occupants are moving back to the Bay area for jobs. Gas prices are a key factor in this decision. As investors we need to understand the dynamics of why we are buying? What are the economic drivers in the area? Who will our renters be? Where are the job centers? We will address all of these and more at our meeting this week. We hope to see you there!
Click here to register
Real Estate in the News:
Foreclosures forcing commuters from San Joaquin Valley back to Bay Area, The Modesto Bee
Check out the first article below - commuters are no longer willing to commute to work, it costs too much. Those houses purchased in Modesto and beyond are going into foreclosure and the occupants are moving back to the Bay area for jobs. Gas prices are a key factor in this decision. As investors we need to understand the dynamics of why we are buying? What are the economic drivers in the area? Who will our renters be? Where are the job centers? We will address all of these and more at our meeting this week. We hope to see you there!
Click here to register
Real Estate in the News:
Foreclosures forcing commuters from San Joaquin Valley back to Bay Area, The Modesto Bee
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