June 2024 Newsletter

June2024

Where Investment Knowledge Meets Community Support

CREATE THE LIFE YOU WANT

Learn more about our June speaker, Jason Wojo

NEW DISCOUNTS FOR LOCAL VENDORS

Meet your new “Dream Team” with our brand new catalog!

3 BENEFITS OF A MASTERMIND

What can you get out of a local mastermind?

As the summer season unfolds, we are excited to bring you the latest updates, insights, and opportunities to help you thrive in the real estate industry

In this issue, we are excited to debut the new 2024 Dream Team Catalog, with trusted local vendors offering essential services and exclusive deals to enhance your projects and streamline your operations

Plus - with the summer now upon us, it’s time to enjoy time with family and friends. Achieving work-life balance is crucial for long-term success and happiness. This month, we are excited to give you the tools and resources to help prioritize and manage your time effectively, and create the lifestyle you have always dreamed about.

Thank you for being an integral part of our community. Enjoy this month’s newsletter and make the most of the opportunities ahead!

Note:

Meet our Speaker for June JasonWojo

Former Ph.D. scientist turned entrepreneur, Jason Wojo has founded and operated multiple successful businesses, and has coached, consulted for, and worked with some of the country’s most successful small business owners, entrepreneurs, and real estate investors.

He has won the prestigious iKON Business Of The Year award from Keap (formerly known as Infusionsoft) for the results he’s accomplished using business automation

He’s been featured as a guest on the Financial Safari radio show, and hugely popular podcasts such as “Bigger Pockets Money Podcast”, “Meet The Elite”, “The Millionaire Mind” and “Elite Entrepreneurs”.

He runs Lifeonaire as CEO and lead trainer, and his passion is helping people create lives and businesses they love.

At this month’s meeting - You went into business for yourself so that you could have time and financial freedom. However for most business owners, their lives are characterized by having less time, freedom, and money

Most business owners unknowingly set up their businesses in a way that is dependent on them to run. This means if you stop working, the business stops making money In this presentation, Jason Wojo, Ph D , will show you how to create a wildly profitable business you love that runs on autopilot.

NEW: Bus Tour - Buying Edition!

Are you ready to transform your real estate investing knowledge into actionable success? Join us on July 20, 2024, for an exclusive event that combines expert tips and tricks with hands-on property visits only with Milwaukee REIA’s Bus Tour: Buying Edition!

Why Attend? Early Bird Pricing Up to 6/12/2024 Regular

Expert-Led Insights: Learn from seasoned real estate investors who have successfully navigated the market Our experts will share invaluable tips on how to effectively communicate with sellers and negotiate the best deals 1.

Practical Experience: This tour is not just about theory Visit actual properties and witness the strategies you ’ ve learned in action. Understand the intricacies of evaluating properties and making informed purchasing decisions.

Closing the Deal: Gain a comprehensive understanding of the entire buying process From initial conversation to closing the deal, our experts will guide you through every step, ensuring you have the confidence and knowledge to succeed 3

Networking Opportunities: Connect with fellow investors and industry professionals. Build a network of contacts that can support and enhance your real estate investing journey.

Interactive Learning: Engage in interactive sessions with real-world scenarios. Participate in discussions, ask questions, and receive personalized advice from our experts tailored to your investment goals 5.

Ticket Price: $47.00

Bring a guest for $1 Ticket Price: $147 00

3 Benefits of a Successful Mastermind

BY: STEVE COOK

For nearly two decades, I’ve been spearheading masterminds, particularly the innovative Lifeonaire masterminds

These gatherings have nurtured profound relationships among incredible individuals, all focused on enhancing their lives and businesses Our masterminds have consistently yielded remarkable success

What defines a successful mastermind?

To truly benefit from a mastermind, you must invest your time. Without actively engaging with other members, you’ll miss out on the valuable insights and support they offer.

Initially, my masterminds were local, with in-person meetings. As the group expanded, we transitioned into a hybrid model, with multi-day retreats three times a year, supplemented by monthly teleconference calls, now evolved into online meetings Commitment to the group demands dedicated time and effort

It’s essential to note that those who complain about the group’s efficacy are often the ones who aren’t actively participating.

The value of a mastermind lies in the ideas, tips, and experiences shared, which can lead to incredible returns if implemented. Your involvement and commitment directly impact the benefits you receive.

Three key benefits you should expect from a mastermind:

Ideas

Members bring their challenges to the table, and the collective wisdom of the group often provides innovative solutions Even if your challenge is unique, brainstorming with others can lead to breakthroughs.

Accountability

There’s a built-in accountability within a mastermind. Integrity drives members to fulfill their commitments, fostering productivity and achievement of goals.

Relationships

Masterminds create a network of like-minded individuals who understand your journey These relationships offer support, referrals, and a sense of camaraderie that can be hard to find elsewhere When selecting a mastermind, ensure it meets these criteria.

At Lifeonaire, we curate groups to ensure members are at similar levels, avoiding situations where one person dominates. Our coaches guide and hold members accountable, ensuring everyone benefits.

Welcome to the annual Milwaukee REIA Dream Team Catalog, your ultimate guide to the best vendors and tools in the real estate industry. Inside, you’ll discover a curated selection of top-tier professionals and services, all dedicated to helping you succeed in your real estate endeavors. From legal experts and contractors to financing options and marketing solutions, our Dream Team is here to support you every step of the way Plus,

enjoy exclusive promotions and discounts available only to REIA members, making this catalog an indispensable resource for maximizing your investments and achieving your real estate dreams

MILWAUKEE COUNTY

Pable Barrutia

Tiana Cruz Santiago

Tina Dondajeski

Jasmin Elhindi

Ben Erickson

Heather Erlandson

Michele Frane

Tevin Gaillard

Sharon Gamache

Paul Gast

COUNTY

Lauren Goldstein

Jack Haugh

Kotaro Kojima

Connine Lance

Sharon Ninmann

Neal Ninmann

Emily Olson

Joshua Petry

Vanessa Petty

Zackary Queijo

Nick Reddy

William Reuteman

Tool of the Month

OPEN LETTER MARKETING

Supercharge your deal flow with direct mail campaigns that deliver results, not just promises. Open Letter Marketing provides you with highly personalized letters, designed to establish a direct and intimate connection with your prospects, ensuring your communication is as personable and engaging as possible.

SKIP TRACING SERVICES: Ensure that the list you are marketing to with accurate phone numbers, email addresses, and mailing addresses.

DESIGN SERVICES: Personalized direct mail resonates more with recipients, making them feel individually addressed, thus enhancing the seriousness of the communication

DIRECT MAIL SERVICES: Put your direct mail on autopilot with their high-performing, automated direct mail campaigns

CLICK HERE TO SIGN UP

Wednesday, July 10 6:00 pm - 7:00 pm

National Benefit of the Month

MILLENNAIL SPECIALY INSURANCE (FORMERLY ARCANA)

Millennial Specialty Insurance offers Milwaukee REIA members multiple insurance products specifically designed for Investors and their tenants. Features include no underwriting or inspections, a 24/7 desktop & smartphone certificate delivery system, outstanding claims management service, and very knowledgeable & courteous staff to handle your insurance needs.

Investment Property Insurance

Tenant Discrimination Program

Landlord Supplemental Protection

Tenant Renters Program

CLICK HERE TO SIGN UP

Local Market Monitor’s National Economic Outlook for May ‘24

BY: INGO WINZER,

Although the number of jobs in the US economy is increasing at a 2 percent annual rate, a lot of that increase is coming from just two major sectors: healthcare and government. This is a longterm cause for concern, because these sectors don’t create economic growth in the way that manufacturing or finance or technology do. But the more immediate problem is that the surge of jobs in these areas is probably temporary, that it masks a deeper overall economic weakness.

Jobs in the government sector have been increasing at a 3 percent annual rate; in normal times they increase less than 1 percent a year. The main reason for the current level of growth is a surge of jobs in state government (including state colleges), which is really just rehiring after large job losses during the pandemic

In the healthcare sector, jobs are increasing at more than 4 percent a year, while in normal times the rate is 2 percent or less Again, much of the reason seems to be rehiring rather than new job creation. In particular, there’s been a surge of rehiring at nursing homes, which were ravaged during the pandemic. There’s also been very high hiring in home health services and in family services, which may reflect longer-term changes in the way healthcare is delivered

If we subtract out the unusually-high job increases in government and healthcare, the economy is producing jobs at just 1 percent a year

In April, total jobs increased 1.8 percent compared to a year ago, including increases of 3.3 percent in construction, zero in manufacturing, 0 7 percent in retail, 0 5 percent in finance, 0 5 percent in business services, 4 6 percent in healthcare, 1 6 percent at restaurants, and 2 8 percent in government.