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Newsletter – October 2019 Association events and meetings - knowledge, contacts and results AlamoREIA.org

The Embassy Suites The next event date is the second Thursday of the month Event venue is the Embassy Suites (7750 Brairidge, located off Loop 410 and IH10.). Time 5:30 p.m.

The venue provides an outstanding pre-event dinner from 5:30 and Cash bar till close.

San Antonio’s Award-Winning Real Estate Investors Association Love the Alamo Real Estate Investor Association, award winner of the Community Service and Educational categories at the National Convention. So, who is the Alamo REIA? We are a group of like-minded individuals who meet several times a month to network, share information, exchange leads, contacts and yes, from time to time, even money, while helping each other learn more about the exciting and wonderful world of real estate investing.

one’s ability to finance additional income-producing properties. Further, it will reduce cash flow. There is also the risk factor. If you’re on a 15-year note and for The institutional financiers will whatever reason, you find it always promote the 15-year difficult to make monthly option if they believe your payments, or the built-up equity monthly income can sustain the is at risk. On a 30 year note, if payment. one were to regard as a 15-year repayment. One builds up a But is it so? safety cushion in the form of principal reduction as if it were a A 15-year note means higher payments. Higher payments will 15-year note. Should one be in a have a direct impact on the debt- position where the monthly payment becomes a burden, to-equity ratio and thus reduce

A 15 year or a 30 note?

they are two safety nets that swing into action. The first of course is built-up equity which can be off laid against some monthly payments and second, one could temporarily reduce your-self set monthly payments to a regular 30-year note payment. True, one will be paying an additional 0.5% or thereabouts interest on the loan. This is a small price to pay for the protection of your equity in the long term.

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The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

Here is a scenario. IUt’s 10 year down the line. Imagine you been making regular monthly payments and you were somehow incapacitated and unable to make payments. As you generally cannot prove income at that point, the financial institution will foreclose and you lose all equity. As the editor, I cannot stress how important it is for one to extend the term of any loan to its maximum protecting one’s interests. To add weight to this argument the editor has purloined an article written by Anthea Paquette. It addresses the same concept from a different viewpoint.

Following this plan, in 15 years will you have no mortgage debt – good, No interest write off - maybe ok, but $$639.99 x 180 payments $115,198.20 was tied up here instead of working for you. What could you have done with that money?

the inflation rate as measured by the CPI in your area). The real cost of Money: So you can borrow at 3.3% and inflation is 3.35% (or maybe 2.1% in your region). They are giving you free money and you want to give it back? And quickly?

Trapped money: If you give Depending on how old you back the money through making are, you might need that cash for extra payments and you need something else that is an urgent money, the only way to get it need or just a better deployment back is to borrow and almost of these hard-earned dollars. certainly it will be at a higher rate. We call this illiquidity. You This better be above and need liquidity, savings or some beyond regular savings, not your other form of cash. last cash flow dollar every Let’s start with the dollars we month either: You may have Real estate is illiquid so you are talking about … Cash Needs for the property took a flowing asset and locked itself, so save up for that first. them in an illiquid asset. On a typical $240,000 loan at Depending on where you live a today’s rates of 3.375%, 30 year roof can be $2000 to $50,000, How $639.99 per month fixed rate, your payment would what about maintenance? becomes $225,183… be $1061.03 which starts Hopefully, you don’t have a pool with $675 in interest and as the repairs and replacement Time value of money: That $386.03 in principal. Every can be a lot… $7679 in cash that you were month, of course, there is more going to add to principle per principal and less interest in the So, I am assuming that this year could grow to be payment. money is above and beyond $225,183 by investing that these, that there is already amount earning 8% and adding If you were to pay that same savings for emergencies and the next $7679 and getting 8% loan off in 15 years, you would repairs and old age security. (compounded annually) … over add almost $650 per month 15 years. ($639.99 to be exact) to do it for The cost of living: In Los a total payment EVERY month of Angeles, the CPI was 3.3% in July So 1) save the money, 2) earn $1701.02 (don’t skip a month (you can look up your region by interest, 3) let it grow cause then it won’t be paid in 15 going the http://LBS.gov to see exponentially, then in 15 years if years). you feel you “have to”, out of 2|P a g e

This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

this bigger pile of money, you can pay off the $149,702 still FALL ROOMMATE SPECIAL owed on the mortgage and have $75,000 + leftover to play with An idea was shared on or maybe it will be NEEDED. And the Q&A Forum this week by a what if you could make more successful landlord and regular than 8%? contributor. It was a strategy for increasing cash flow. The author Your future self will thank cited several potential you for growing your hardadvantages to using the strategy. earned dollars not locking them I did not get excited about some away. of the potential advantages, Thanks to Athena Paquette because of possible negative NMLS 321683 repercussions. However, there was one scenario where I liked the possible benefit. I'll share the strategy below and then give you Lesson 1. my take on the idea. The basics. Buy at 80,000 and "Fall Roommate Special! For repair for 20,000 using a lender only $50/month, add a who specializes in this type of roommate and share the project – hard money lender or expenses!" private lender from an IRA for example. Our lease specifies we charge Then refinance with a $100/month retroactive to the traditional lender at 5% for 30 start of the lease if they move years. Rental will be 1200 a someone in who isn't approved, month and debt service, and we also have the option to property tax, and insurance will terminate the lease. But we all be about 850 - 350 a month know people like to move income - 4200 a year. friends/family in and think the Then do it again. In the landlord won't care. It's semimeantime, there is the tax inevitable, and as the season advantage, depreciation, equity turns colder, my guess is some growth (the value should folks that are looking to save $$ increase by 2 to 3 % yearly) are going to start considering shacking up/bunking up/whatever they call it.

A solution

Thanks to the discussion board sat MrLandlord.com and Sid of MO for this insight.

So what if I know that a few of my tenants are ALREADY doing this? I could offer them a

relatively "cheap" alternative to make it official vs. dropping the hammer on them and possibly end up with an eviction. Possibly a win-win? The new roomie will have an application as usual and if approved will sign on as "jointly and severally liable" yadda, yadda on the lease. I'm not going to add anyone who I wouldn't normally approve just for a meager $50. The added person must be collectible, have good references, etc. Cost for me? $0. Benefits to me: 1) More rent. 2) Split cost of rent = more likely that the tenants will pay. 3) If it all goes badly, one more person to collect from. 4) Give the tenant who has an unofficial roommate to get back into compliance for a "discount" ($50 vs. $100) What are your thoughts about going fishin' for roommate dollars?" My take: Normally I actually prefer when there is only one person in a rental instead of roommates. I think roommate scenarios could possibly open the door for the potential negative repercussions or drama erupting. However, if an otherwise good resident has 3|P a g e

This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

already "snuck" in an additional roommate that you are going to have to address anyway, then offering the limited time offer, may appear as though you are proposing a win-win situation as opposed to coming off as the bad guy. Now if the resident does not take you up on the offer and the illegal roommate remains, then it's time to enforce your lease. Thanks, Sid (MO) for sharing your idea. Editors note: If the tenant is doing it already, this is an amnesty program with merit. $600 a year additional income translates to a substantial Net Worth Return and value increase. At a 10% yield, it is $6000.

Parenting Skills The problem tenants only represent 1–10% of your rentals, yet they demand 80% of your time and attention. Carrots and sticks. The change is how to deal with these miscreants. Eviction s one answer provided accurate documentation is kept and provided the tenant has strayed from the letter of the lease. It is, however, better to avoid an eviction. Evictions cost money.

That leaves changing the tenant behavior. Some ideas to ‘retrain’ the problem tenants. Both a carrot and stick approach. 1. Fashion a financial penalty, such as late fees. 2. Write the tenant and You can help, you can contribute draw their attention to the problem area, it may work. Virtual assistants Usually, it does not, but it’s worth the try. We will be writing a ‘how-to’ 3. It’s a tardy payment employ and deploy virtual issue, it usually is, make a note of assistants in one of our the payment receipt day and forthcoming publication. How although it is usually shown in can you help? Let us know about your monthly statement to the your experience, how much you tenant, generate a separate are paying, what they do for you spreadsheet showing the history. and where are your VA’s located. High-lite the payment receipt Email to:dates. EditorAlamoREIA@aol.com. 4. There’s one that works, some times. Point out the fees you charge for delinquency, call outs or whatever are being billed

to their account and over a year show the actual final cost. A $65 a month fee is $780 annually. Point out what they could do with an extra $780. 5. Offer a reward for payment on time, be it a simple box of chocolates, an installed ceiling fan, free HVAC filters delivered every few months, even send them an award certificate – works for children, works for adults, mostly. 6. Appeal to their sense of justice by pointing out the work burden they are making for a ‘poor overworked’ employee, you. 7. Draw their attention to the business aspect of the lease. Point out the cost they are imposing. It may affect the lease when it comes up for renewal.

Buying a home as soon as possible. Harvested from the web – thank you for who ever wrote this. As a real estate agent for close to 30 years, I realized early on that many people make their biggest mistakes with real estate between the ages of 25 to 35 years old. Our working years really take place between 25 and 65 years old, and I believe the decisions we make in the beginning towards homeownership often dictate 4|P a g e

This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

our future financial outcome as we sprint forward towards retirement. What Happened to My Down Payment & Closing Costs? If you think about it, most young people first try to rent as much property as possible, and then they try to buy as much property as possible. Is it the overachiever in each of us, or are we just trying to impress our family and friends? Maybe we simply feel we deserve it.

But what’s really wrong with this picture? Do you see where the real estate mistakes were made early on? Against the Herd – A Different Approach

Let’s say you took a different approach, like I did when I was young. I didn’t even realize what I was doing until much later, and I majored in accounting in school. I took a more conservative approach after graduation. First, I lived at home for two Next, we often listen to our real years to save up some money. estate agent when it comes time Then I rented the most to moving up to our next home. affordable apartment I could so I They may encourage you to sell can save more money for my first the first home, saying that you house. I didn’t really care what can’t afford two mortgages, but my friends or family thought; I they may be squeezing you into was on a mission, and time was as much home as possible on the of the essence. next purchase. After all, we all have to keep up with the Then I bought my first duplex, Joneses. Keep in mind, most real owner-occupied, and it needed estate agents aren’t accountants fixing up. But here’s the real or financial advisors. Editor. See difference: When it was time to related article – Why a 30-year move to the next property, I kept note and not a 15-year it. There were no stressful If things are going well for a nice moving days for me. And guess couple, after they’re in their what I did when I moved the next second or third home, their two times? I kept them as accountant might tell them it’s rentals, too. Now, let’s look at time for a rental property or a the real impact of doing that. beach home. The accountant might say that they could use Advantages of Keeping Your more write-offs; they’re making Primary Residences too much-earned income, and they could use more deductions. First of all, I had lower down payments and more favorable

interest rates because I purchased these homes owneroccupied. I also purchased properties, which I could rent out for more than my mortgage payment. So now, I never really lost my down payment and closing costs because I kept them all. Most people forget about this real money that they spent to acquire a home. Seems like they just look at the monthly payment, much like they do when buying a car. Another thing that’s overlooked is the time spent in the property, paying towards a 30-year mortgage before it becomes a rental. The first property I lived in for five years, my second property was two years, and my third property was 13 years. That was 13 years of payments towards my 30-year loan. Today, my mortgage payments are mostly principal, and my tenants are buying them for me.

Rumination from the office on the second floor In the past month, a close friend had to close his cooking/bakery business. The product was selling for five dollars per helping. To sell a product after spending hours manufacturing it he had to set up a tent at a farmers market, and spend hours in the blazing sun. Math is kind of easy, at five dollars a serving with the 5|P a g e

This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

input cost of two dollars, to make a living the sales have to be than 350 units per week. That’s very difficult. So he closed. Which brings me to the second friend. He has started a multilevel business and has been out recruiting. This involves dedicating a huge amount of time, squirreling around on social media, attending networking events and basically becoming totally consumed. To make how much? As an alternative, would it not be a better idea to spend that time finding a house at $0.50 in the dollar, spending $0.15 in the dollar to repair it and then selling. The profit would be north of $30,000 in a typical transaction. It seems a whole lot more fun and less work. Or better still spending just a few hours a week developing an income stream by buying, remodeling, renting and refinancing before moving onto the next one.

“Life is not the number of days you live. It’s the number of days you remember.” There exists in the universe a disposition to live a memorable life. There is, unfortunately, a cap between the days we actually live in the days we remember. So – How days from the past month do you remember? Most people have only three memorable days in a month. That’s one month in an entire year. What happens to all those other days? It is because we develop an ingrained routine with few novel experiences. Routine equates to roughly 90% of what we do one day to the next and 50% of that is considered completely ‘mindless activity.’ How do we solve this? CHANGE Intentionally breaking the routine of one’s everyday life is the ticket. Get into the routine of breaking the routine.

Goodness, it’s Friday already? Gosh, 10 years just flew by.

The Focus Groups The major part of our awardwinning Educational Program The focus groups have come into their own. They are groups for Woman, Buy and Hold Strategies, Flipping for Profit/Cash Flow and Multifamily/Commercial. The big deal is this, there is an educational happening every week run by enthusiastic members of the Association. The members are at the coal face doing deals. It’s an unprecedented time to learn. Oh, there is no charge to our members don’t pay to attend any one of the focus groups. This group of programs is recognized by National REIA as the gold standard and thus AlamoREIA has won the educational award by a vote of its peers – to further any investment strategy, get involved.

The key “The key to a memorable life, is the pursuit of a memorable life.”

Philosophy corner Question. Where did the time go?

painter, electricians, plumbers, landscapers, staging, even artists.

Like our Facebook page. Good spot to find contractors, make ready people, bathroom refinishers,

W.I.R.E-Woman in Real Estate The National Award-winning group The Alamo W.I.R.E Home Depot Series: New and Seasonal Real Estate Investors gather to discuss/share ideas and talk war stories about electrical, plumbing, paint, sheetrock, foundation, and hardware……. Join us! 25 seats ONLY. Register www.AlamoREIA.org. Why attend? Historically women have not been afforded the mechanical skills little boys learn instinctively when they are young. Don’t be intimidated, it is 6|P a g e

This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

easy, and woman have the chance to learn and make sure to not be ripped off by some wayward contractor. Here is a heap of new product out there to make rehabbing easier quicker and aesthetically pleasing. This focus group showcases these. Date: - Check them at AlamoREIA.org for the date and venue. It changes regularly. House Flippers Focus Group Staging and Design this week. Learn and discuss the wonderful world of Flipping Houses! Join us, network with active seasoned investors who share many aspects of the terrific revenue builder. Panels and guest speakers always. New and seasoned investors are welcome.

* You will see how to use an analyzing tool... * You will have a clearer view on setting your budget... * You will learn a streamlined process for securing funding * What are the big money items that require fixing, code compliance and what can stay. Start applying the knowledge and key pieces of information to step into ACTION! Why attend? The quickest way to augment your cash is to sell a rehabilitated house. Massive cash injections are always welcome and, in many cases, needed. House flippers can make more than someone’s annual salary with just one transaction. Dates: – First Monday of the month

For all those interested in Flipping in real estate. At this meeting, you'll have a clearer understanding of, determining your budget based on your analyzing tools and how to find lenders to fund your deal. You will hear from two people who know how to do this! You can meet and build your professional business circle. , and walk away with more knowledge, direction, and motivation.! Heck, your actions and ability could turn into a constant cash-flow source.! In fact, here's just a sample of what you can expect at this awesome meeting! * We will have experienced and knowledgeable panel guests...

Musings from the corner office

“The fact that reading is good for your brain isn’t a surprise – there’s a reason why your mom always was on your case to turn off the TV and pick up a good book. There’s something astounding about how much an ordinary activity can involve your brain in so many ways. The most basic impact occurs in the areas associated with language reception, the left temporal cortex. - Reading gives you a neat pause button for comprehension and insight. By and large, with our oral language – when you watch a film or listen to a tape – you don’t press pause. There is no ‘built-in time for reflection” It this creative thinking – the reflection time that is the key

The perfect brain food

A small study found that some of those benefits persist for five Reading the Reader’s Digest, yes days after reading. This recall is a few still read this wonderful called a shadow activity, almost monthly publication. Anyway, like muscle memory. there was an article in the March issue. The benefits continue long after Eating all the supplements, doing the maximum exercise even treating yourself to turmeric or going to language class, messing about the puzzles are all good for the mind.

putting the book down.” It is my observation, the people who read, and read a lot, tend to be more creative and grounded in their thinking.

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This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

Need a full-color print edition of the Only World Famous AlamoREIA Newsletter. Ask Kim and backorder old issues or pre-order upcoming editions. Just $6.00 a copy. We can now publish full color quarter, 1/3 page and full-page advertisements at very competitive rates. Contact the editor at EditorAlamoREIA@aol.com

National Sponsors

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This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

AlamoREIA won the award “Award for Excellence” this year. It is a big deal.

Why AlamoREIA? We are a community of likeminded new and seasoned real estate investors from the San Antonio region. We meet several times a month to network, share information, leads, contacts and yes, even money while helping each other learn more about the world of real estate investment. No other offers more. Oh, yes, we are nationally recognized, award winning and the only chapter of the National Real Estate Investors Association in San Antonio. That link alone, with its educational knowledge base, contacts and member accessible discounts, makes membership worthwhile. www.nationalREIA.com Other benefits: ➢ ➢ ➢ ➢ ➢ ➢

Local contact with the very best and successful real estate professionals. Structured networking. Regular market reports. Meet the finest real estate trainers in the country Find partners to one or more deals while learning. Easy to find sources for your real estate funding.

A little wisdom Check this little gem - an investment opportunity. It's a simple investment. You only have to invest almost all of your money. On the upside, after a year you might earn 3 percent more. The downside? Any day you could lose it all, for reasons usually outside your control and that you will almost never see coming. Would you make that investment? Of course not. Yet millions of people do--every day they go to work for someone else. Of course the analogy isn't perfect. Until you're laid off or fired you do earn a salary. But when you work for someone else, your upside is always capped--sure, you might occasionally get a raise, but in most cases 3 to 4 percent is the best you can expect. 9|P a g e

This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

Yet your downside is always unlimited because getting fired or laid off can make your income disappear overnight--and with it the considerable investments you've made in time, effort, dedication, and sacrifice. Extremely limited upside. Unlimited downside. Article from INC. and Bill Bronchick

Seen at the September AlamoREIA “Learn How to Start in the Real Estate Business.

Your “SHIP” Has Come In 1. Seller financing. 2. Hard money. 3 Institutional lender. 4 Partner. 5. “Subject to” 10 | P a g e

This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

WE ARE ON FACEBOOK AND MEETUP.COM! Use the resource it for you to do deals. Looking for a place to post deals, find deals, ask about contractor referrals, ask real estate investing advice, etc.? You now have a place to communicate with your fellow members online! Join the group now, it’s FREE and part of being a member! www.facebook.com/alamoreia and www.meetup.com/alamoreia

Paint Program The new National Paint Program for all National REIA Members is very simple. You will receive 20% off Interior and Exterior Paints and Primers including all the Home Depot quality paints - Behr, Kilz, Glidden & Zinsser! All you must do is key in the number you used to register in Pro XTRA at the checkout to take advantage of the savings. Other valuable benefits of the paint program include a PRO Paint Specialist in every store to help with your paint projects and free job site deliveries on all orders over 25 gallons. To check your registered phone number log into your Pro Xtra account. This week on social media Michael Planks posted and to paraphrased. Just remember an iPhone 11 costs about 30% of the down payment for $100,000 house or condo using an FHA loan. It’s just a whole lot more difficult to drop a house in the toilet.

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This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

Support our vendor members. Elite Star Inspections 210 719 Longhorn III Investments – Hard Money Loans 13750 San Pedro Ave, Suite 810 San Antonio, TX 78232 T: 877.420.7346 -: - M: 210/788.3379 Contact: Jade Florez jflorez@longhorninvestments.com www.longhorninvestments.com

Call Jenny May Olsen (210)705-2304

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Call Lexi at 210 290 7035

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523 9990

Home Staging and Interior Design

Liquidation Guys Flooring 15125 IH 35 North, Selma, TX 78154 210-463-9400 - Call Ramon - 513-5458581 http://flooringliquidationguys.com/

Wayne Corley 214-933-3188 AJ Shield: aj.bmctx@gmail.com Wayne@baymountaincapital.com

Call 210 378 8431 Leigh N. Schouest, Allied ASID, ASP President – Real Estate Staging Association San Antonio Chapter www.lnsinteriors.com.leigh@lnsinteriors.com.

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This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

Pic of the view with AlamoREIA Looking to promote your business

Call 210 417 4015

Mailer/yellow letter printers Your mailer marketing center Josh@homecapitalventures.com and do a spot of travel? Become a volunteer at AlamoREIA We’ll reverve a spot

You could be at the Grand Canyon This space could be yours.

Need to advertise our business? Members are entitled to a free two-line classified ad in our future issues of our Newsletter – cutoff date for all submissions – 15th of each month – publishing date 20th of the month. As a member we are entitled to discounts and/or cash rewards at Home Depot, Office Depot/Office Max. Do not forget to register. This is our association working for us.

Musings from the office – one

The importance of interest rates When purchasing a property “subject to” the interest rate becomes an important and vital component of the transaction mix. Often it is not possible to conclude a transaction because the interest rate on the underlying loan is too high. If it is too high it becomes wellnigh impossible to find a buyer to take over the responsibility,

i.e. one who will make the monthly payments. This is exacerbated when the property is of a higher value. Here are some easy number $100,000 loan amortized over 30 years. At 3.25% the monthly payment would be – $435.21 At 6% the monthly payment would be – $599.55 At 9% the monthly payment would be – $804.62 At the lower interest rate one is purchasing additional

cash flow and let’s assume that cash flow is that $200 which we speak about regularly as a started cash flow on a rental. The net effect is a discount on the property of some $8000. Looking at this from the other side of the equation, at a generous 15% yield, take the $200 a month multiply by 12 equals $2400 per year divided by 15 and multiply by 100 and the net effect is $16,000 which would need to be invested at 15% yield to generate $200 a month. Startling numbers.

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This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


At the September AlamoREIA event Learning about Roth IRA’s and how to make them work. There were a lot of people who took notice. Sold out Saturday workshop was the result

Musings from the office – two I was out a few days ago looking to purchase the subject to house and of course as is required I tour the interior. This is when I got to thinking, esoterically, about the conditions in the house. Each one of us has a routine and while not wishing to dictate to anybody, I think it’s important that after the morning ablutions, is to make one’s bed. It has occurred where I’ve had friends pop over and then wander to one of the restrooms, mistakenly, via the master bedroom. Have never been embarrassed in 50 years! The bid was made. As an afterthought, in the evening do you turn down the bed as part of your preparation for a restful night? These two simple habits bookend the day Which leads to the extension of the thought. Looking down my neighborhood street I see some well-tended homes, some not so well tended. Now I know one can’t judge a person’s wealth by the motor vehicles parked outside the untended, but I do notice they are of an older vintage and are invariably not as clean as those outside the well-tended houses. These seem to have looked after gardens and clean cars. And thus the conundrum. Is one who is naturally clean and tidy destined to become successful or does one become clean and tidy when becomes successful? Please feel free to distribute copies of articles contained herein.


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

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This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

16 | P a g e

This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

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This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

HAPPINESS you’re at the end of this month’s newsletter. What’s on the horizon? Next month’s newsletter filled with super-duper tips, ideas and stuff! It is a brilliant day. Use it, work hard and above all, have fun.

18 | P a g e

This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

19 | P a g e

This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

20 | P a g e

This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

21 | P a g e

This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

22 | P a g e

This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

23 | P a g e

This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

24 | P a g e

This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA

Profile for AlamoREIA

October 2019 Newsletter  

October 2019 Newsletter  

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