February 2024 FEBRUARY 2024 | ISSUE NO. 2
NEWSLETTER OFFICIAL LOCAL NEWSLETTER OF YOUR LOCAL REAL ESTATE INVESTOR ASSOCIATION
As we embark on another exciting month filled with
NEWS INSIDE:
opportunities and insights, we're thrilled to bring you the latest updates and happenings in the real estate investment world
SPEAKER SPOTLIGHT
right to your inbox.
Meet Tom Zeeb, our speaker for February
Join us as we dive into a plethora of resources designed to empower you on your real estate investment journey. Whether
LOCAL AREA MARKET UPDATE Taking a look back at last months statistics
you're a seasoned investor or just starting out, there's something for everyone in this month's newsletter. We're dedicated to providing you with the tools, resources, and
2024 RENTAL PREDICTIONS 7 key predictions to help you in 2024
support you need to thrive in today's dynamic real estate market. So sit back, relax, and immerse yourself in the wealth of knowledge waiting for you in this month's newsletter.
Tom Zeeb
Meet our Speaker for February
Back in 2001 Tom was broke as a joke. A near-death experience while whitewater rafting pushed him to find a new way to break free of his 9-to-5 job. His first "deal" almost took him under as well, but real estate investing saved him in the end. Both personally and financially. Hundreds of deals later, he is happy to share the same negotiation, marketing and business techniques that set him free, so you can do the same. Simple, structured, and step-bystep. Techniques that take you from spinning your wheels to doing profitable deals.
February Monthly Meeting WHOLESALING - 60 DAYS TO DONE Learn how to find and negotiate deals like a pro (even if the thought of negotiating scares you) and how the various exit strategies fit into your real estate investing business. Doors open at 6pm, followed by networking, Haves & Wants, and then the featured presentation!
FIND the Deal, MAKE the Deal, GET PAID Workshop with Tom Zeeb If you want to learn how you can do it too, then attend Tom’s 1-day “Wholesaling: The FIND the Deal, MAKE the Deal, GET PAID Workshop”. Tom will break the process down into its simple components and repeatable frameworks so that you clearly understand the process and can replicate it yourself for massive profits.
Early Bird Pricing Up to 2/14/2024 2/15/2024 to 2/16/2024 Regular Price
Members: $50 -- Non-Members: $75 Members: $60 -- Non-Members: $85 Members: $75 -- Non-Members: $100
Upcoming Events
JOIN IN WITH SOME LOCAL EVENTS!
FEB 13
Monthly Meeting: Wholesaling 60 Days to Done
FEB 17
FIND the Deal, MAKE the Deal, GET PAID Workshop
FEB 20
NINJA: New Investor Networking
FEB 29
W.I.N.G.S. Luncheon
MAR 12
Monthly Meeting: Tax-Free Account Focused Investing
Book of the Month
Two Unique Ways You Can Fund Your Kids’ College with Real Estat BY: LIZ ZACK (BIGGERPOCKETS)
Got kids? Then eventually, you’ll (most likely) also have college bills. And spoiler alert: They will be big. While it’s certainly not a parental requirement, footing the college bill (or any part of it) and allowing your kids to graduate debt-free is an enormous gift—one of the biggest you can give your children. Conventional savings vehicles, like 529s, are amazing tax-free-withdrawal vehicles, but they’re not the only way to get to the finish line. You can also use your real investing superpower to build the college trove, and you don’t need to have started saving in utero (although that always helps) 1- STARTING EARLY: BUY A SINGLE FAMILY
2- STARTING LATER: HOUSE HACK
HOME WHEN THEY’RE BORN
THEIR COLLEGE TOWN
Each kid “gets” their own home. Put 20% down, buy something reasonable and steady, and rent it out. Then, you can either squirrel away the cash flow (in 529 or another tax-deferred vehicle) or keep the cash, and 18 years later, sell the house! Event better, use the cash flow to fund college, then transfer ownership of the home to your college kid when they graduate. Work with your legal team to buy it initially in a trust or LLC where your kids are already named so you don’t pay a transfer tax.
Sometime during the first year of college, buy a duplex or house with multiple bedrooms. Then, sophomore year, move your kid into the rental with their friends. Collect reasonable rent from the friends (or other tenants), and joey free room and board for your kid. After graduation, decide whether you want to keep the college house or rinse and repeat for grad school.
National Benefit of the Month SAVE UP TO 40% ON COPIES WITH OFFICE DEPOT BUSINESS With inflation on the rise, there is no better time than now to open your Office Depot (ODP) Business Solutions account. We have negotiated incredible pricing on the solution categories your business uses most. Check out the benefits below. Savings Benefits: Up to 55% off on office supplies Up to 55% off on cleaning & breakroom items Free next-day shipping on order for $50 or more 40% off black and white copies 25% off color copies
CLICK HERE TO SIGN UP
Market Update FOR MILWAUKEE COUNTY
326 Sold Homes
467 New Listings
47.8 AVG Days on Market
$249k AVG Sale Price
$296k
94.6%
AVG Listing Price
Sales Price Ratio
$683k
97.9%
FOR WAUKESHA COUNTY
138 Sold Homes
192 New Listings
50
AVG Days on Market
$472k AVG Sale Price
AVG Listing Price
Sales Price Ratio
Welcome New Members! Chad Smith
Alexi Millard
Devin Schei
Ashley Phillips
Connor Goggans
Dylan Abler
Shane Zolper
Heather Freeborn
Peter Lester
Jose Nunez
Kristen Hintze
Apartment List’s Predictions for the 2024 Rental Market BY: BRAD BECKETT
Apartment List says the rental market has been on a rollercoaster in recent years, with abrupt swings in demand and supply, changing preferences, and shifts in where renters choose to call home. As we head into 2024, their economics team took a look at how the market evolved in 2023 and outlined 7 key trends they expect to see in 2024. THEIR 7 KEY PREDICTIONS FOR 2024 ARE: 2024 will bring the newest apartments in decades Low single-digit rent growth in 2024 The changing rent vs. buy math will create more long-term renters Hybrid work will cement itself as the new norm for office jobs Sun Belt markets will see more renters, but not necessarily higher rents As the economy takes center stage in the presidential elections, candidates will need to speak to housing concerns More renters will use AI in their searches