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PLEASE REVIEW THIS IMPORTANT NEWS FROM OUR SPONSOR
There is a new marketplace for real estate investors that many are calling the Pre-MLS!
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not available to the general public.
PLUS, these flip-worthy houses have private funding attached.
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The game has changed!
Realty411 & Connected Investors
by Linda Pliagas, Founder, Realty411.com
I see it all around me: For sale listings are lingering longer, price reductions are happening, and some properties simply aren’t moving. The promised wave of millennial buyers is still a mere ripple. All the major news outlets from the New York Times to Realtor.com have recently touched upon this seller-to-buyer shift.
From the research I’ve done, this newsworthy housing slowdown is being caused by a combination of factors, including: rising rates, inflated prices, and the halt of foreign investor dollars.
When he addressed the audience at the 2018 GeekWire Summit, Redfin CEO Glenn Kelman said the housing market slowdown could have a major impact. According to an article written by Nat Levy for GeekWire, Kelman was quoted stating: “If next spring the buyers don’t come back in force willing to pay those prices, this is a change in the U.S. economy.”
This comment is especially noteworthy considering Redfin, as well as their other competitors, have commenced to purchase and sell properties for themselves.
While rates are still historically low, prices for properties in areas that are in demand and appreciating continue to climb out of the reach of many. It’s important as an investor to proceed with caution and be especially diligent in your quest to make money when you BUY a property, not when you sell it. That being said, investors need to know when a deal is truly a deal.
Be aware of which markets are appreciating, and which are merely cash-flow driven. Then learn about the sub-markets within that market, pockets that are in particular demand, which may appreciate or provide even more income than other less-popular areas.
Real estate is changing and moving constantly. One of the ways Realty411 readers can keep up is to sign up to our Realty411 Daily newsletter. This free service will give you the top highlights of the day that our staff has chosen to help guide our readers through this challenging maze towards real estate profit.
With that being said, be sure you see the properties you purchase before buying them, PLEASE. Deal with licensed and reputable companies who have a history in the business, an honest history.
You can call us anytime for a referral @ 805.693.1497.
We do not profit from the referrals made, we simply want to provide our readers with contacts to reputable companies that we’ve done business with. It is for this reason that we have so many events around the nation because we want our readers to actually network with the folks we know. Quite frankly, we realize that meeting in person, is the best way for business to get done.
Thank you for being a Realty411 reader, I encourage you to call us anytime when we can be of service to you!
Best regards,
Linda Pliagas, Publisher
Filmed at REALTY411’s Lone Star Real Estate Investor’s Expo in Arlington, Texas in Nov. 2016.
BACKGROUND:
In fact, just before he skyrocketed to fame, he was at one of the lowest point of his life! Learn how Clint’s life got turned around as he went from being a broke and down-and-out carpenter with a dream to being on a hit TV show for HGTV with a regular featured guest role on FIXER UPPER.
Investor, Developer and Entrepreneur John Aaron, who graces Real Estate WEALTH our alternate cover, reveals his thoughts on the direction of the Florida market, and where he sees the most attractive opportunities ahead…Going from small town to leading a popular brand in the Magic City of Miami, John Aaron demonstrates where his company is going and what’s possible with serious focus, commitment, and a leap of faith.
If you’ve ever heard of Sebring, Florida you know it is a little town without much going on. That’s were John Aaron grew up. There aren’t many options when you grow up in that type of environment. If you do really well you might eventually get a job at the local hospital, or perhaps get a football scholarship and a pass to a faraway college. Sebring doesn’t even have any interstate highways going through it. That didn’t stop this hungry entrepreneur from pursuing his passion and dream.
During a recent interview with Katrina Campins (“The Apprentice”) he is described as one of the few next generation young entrepreneurs who have both hustle and work ethic. Early on he knew he wanted to do something with real estate, and he believed Miami was the place where you could really make the magic happen.
Initially starting as an agent John Aaron quickly threw in the towel and started investing. John formed the Aaron Organization in late 2012 and began hunting for his own property deals. While he insists that real estate investing is not a get-rich-quick gig, his first deal, which landed him a check for $19,000, got him hooked and only emboldened his mission.
In the last four years the Aaron Organization team has flipped over 200 single family homes in the tri-county area of South Florida. However, John tells us that more than just being about the money, his focus and persistence has really paid off in proving the ability for one to achieve what they believe in — in whatever field they are willing to take a leap of faith towards.
The Aaron Organization has a great brand and blossoming company culture, but in John’s words the team is also winning in “creating something positive” by enhancing the community and giving job opportunities.
As John experienced there will always be the pessimists, the bears, and those who have given up on their dreams, willing to offer their negativity or two cents. Aaron Organization’s founder insists: “It’s always a great market, if you have the right strategy.”
Aaron Organization is definitely on the rise in South Florida, and boasts a growing team including acquisition manager Darlenys Castillo, who is young, hungry, and has been with Aaron organization for two years.
Castillo has helped acquire over eighty homes and counting. Paola Vizcaino has been with the Organization for over a year and is closing transactions every week.
Aaron Organization’s thoughts on the market now is that there may be more Florida buyers and investors using loans for leverage today than a few years ago. Those who have ever visited Miami already know the international attention it commands, and its role as a major global banking playground for the wealthy. South Florida is an investment haven for wealthy domestic and foreign investors. Miami’s realty growth trends are only likely to continue and grow with the recent finishing of the Panama Canal widening, which is pegged to dramatically bolster the Florida economy.
This year, John reveals that Aaron Organization has gone beyond its stronghold of renovating single family homes to enhancing the way of life in the region through developing commercial properties. Miami, Fort Lauderdale and West Palm Beach have well-built up areas, but despite that fact, they still have pockets that are ripe for development and revitalization.
John says this is where the biggest opportunities are, in having the greatest returns for investors seeking better value and spreads than can be found in Miami’s more congested neighborhoods and districts. This is also the best place to make the most positive impact on the community.
Meet John Aaron in person at our Fort Lauderdale, Florida Expo on March 18th.
For details, visit:
http://realty411expo.com/events/ft-lauderdale/
Watch a video about John Aaron at:
https://www.youtube.com/watch?v=2N2QNB2neQI
