March 2024 Newsletter

March2024

NEWSLETTER

LOCAL NEWSLETTER OF YOUR LOCAL REAL ESTATE INVESTOR ASSOCIATION

WHETHER IT’S IN IRA’S OR SUBSCRIPTIONS

At our monthly meeting coming soon!

Welcome to March, the month of GREEN! In the spirit, of keeping things green, we want to save your some green ($$$) this month

In this edition, we will dive deep into the art of saving money - a cornerstone principle for every savvy real estate investor. Starting with our monthly meeting as we explore the intricacies of leveraging IRAs for investing Additionally, discover the tools exclusively available to members, designed to streamline processes, enhance strategies, and ultimately bolster your bottom line

Here at the Milwaukee REIA, we pride ourselves on not only providing valuable education and networking opportunities but also on equipping our members with resources to optimize their financial success. Here’s to a March filled with prosperous opportunities and prudent financial decisions.

Meet our Speaker for MarchJohnBowens

John Bowens is one of the most sought-after and respected educators in the self-directed IRA industry

As Director, Head of Education and Investor Success at Equity Trust Company, John draws from his 20 years in the real estate industry and his experience as an active real estate investor.

In addition to thought leadership in the industry, John has also directed teams in both the front-office and back-office operations with Equity Trust, focusing on the custody of various alternative assets, including but not limited to, real estate, notes, private equity, precious metals, and much more.

March Monthly Meeting

TAX-FREE ACCOUNT FOCUSED INVESTING

You already know that the sooner you get an account, and start using it, the more money you'll have to enjoy in retirement, so learn exactly which account (and it may be more than one!) fits your needs and situation

Doors open at 6pm, followed by networking, Haves & Wants, and then the featured presentation!

Wealth Building Lab with John Bowens, Equity Trust

A comprehensive self-directed IRA mastery class, providing useful tools, resources, and insights into the methods used by Equity Trust clients The strategies discussed will demonstrate methods to potentially eliminate capital gains tax and ordinary income taxes within your real estate and or alternative investment assets through tax-advantaged retirement accounts

Early Bird Pricing

Up to 3/12/2024

Regular Price

Ticket Price: $49 00

Ticket Price: $99.00

Upcoming Events

JOIN IN WITH SOME LOCAL EVENTS!

MAR12

MAR16-17

MAR19 MAR28

APR9

Monthly Meeting: Tax-Free Account Focused Investing

2 Day Workshop: Wealth Building Lab

NINJA: New Investor Networking

W I N G S Luncheon

Monthly Meeting: Mastering the Real Estate White Space

Book of the Month

Coming up soon is the popular RehabLab Bus Tour! This event only happens twice a year, and seats are limited!

During this full day workshop takes you to three actual properties in various stages of the rehab process Along the way, we’ll be analyzing the deals, looking at numbers, and determining if it is (or was) a good deal or an “uh-oh” All the while learning how numbers may differ depending on wholesale, whole-tail, rehab or hold

This is hands on training for real estate investors at its best. Come learn what it takes to rehab a property, and enhance your analysis skills!

EARLY BIRD PRICING

Up to 3/20/2024

3/21/2024 to 4/10/2024

Regular Price

Members: $47 -- Non-Members: $97

Members: $97 -- Non-Members: $147

Members: $147 -- Non-Members: $197

Local Market Monitor’s National Economic Outlook for February 2024

BY: INGO WINZER(LOCAL

MARKET MONITOR)

Although inflation is easing and the stock market keeps rising, the outlook for the economy as a whole has not improved The creation of new jobs – after subtracting covid re-hires in healthcare and government – is languishing at no better than a 1 percent annual rate Home builders stopped hiring and are laying staff off Manufacturers are not hiring Companies are shedding temporary workers at a high rate And the hiring of computer systems engineers has fallen sharply

The US economy depends heavily on consumer spending, but the weakness in new job creation indicates that demand for a lot of products has slowed This isn’t a surprise, consumer incomes were artificially boosted during the covid epidemic by government payments – which have come to an end The surge of inflation for basics like food and gas, even if it’s now moderating, hurt consumer ’ s attitudes as much as their bank accounts And the surge in prices of home and new cars put them beyond the reach of most people

The worry for 2024 is that consumers will stop spending Consumer debt per person has already reached a high plateau, you can only charge so much before you or your bank decides to stop The various crises in the world have a depressing effect And the boom in home prices could easily end in a bust

In January, jobs increased 1 9 percent over last year, including increases of 2 8 percent in construction, 0 3 percent in manufacture, 1 percent in retail, 1 1 percent in finance, 1 percent in business services, 4 3 percent in healthcare, 1 9 percent at restaurants, and 2 7 percent in government

Tom Picciolo

Raquel Bass

Ian Markolf

Mortgage Delinquency Rates by Loan Type

BY: BRAD BECKETT

According to the Mortgage Banker Association’s latest National Delinquency Survey (NDS) the overall delinquency rate for mortgage loans on one‐to‐four‐unit residential properties increased to a seasonally adjusted rate of 3.88% of all loans outstanding at the end of Q4 2023. In addition, the delinquency rate was up 26 basis points from Q3 2023 but down 8 basis points from one year ago

“Mortgage delinquencies increased across all product types for the second consecutive quarter Of particular note, FHA delinquencies were up 131 basis points The resumption of student loan payments, robust personal spending, and rising balances on credit cards and other forms of consumer debt, paired with declining savings rates, are likely behind some borrowers falling behind at the end of 2023”

“ Any weakening in employment conditions would likely lead to more borrowers falling behind on their payments in the coming quarters”

National Benefit of the Month

GET 25% OFF MONTHLY SUBSCRIPTION FEES

Foreclosure.com is the largest destressed listing provider on the web. Providing the best real estate deals for savvy homebuyers before they hit the market. By targeting distressed deals such as bankowned homes and government foreclosures, preforclosure listings, and foreclosure actions, Foreclosure.com offers signifigant saving.

Milwaukee REIA members receive 25% off monthly subscription fees

Access to online database - most current and comprehensive inventory of “opportunity - laden” real estate on the web

“Foreclosure Knowledge Center” - keep informed or learn the ropes if you ’ re just getting started!

Tool of the Month

RESIMPLI - REAL ESTATE INVESTOR CRM

RESimpli is the only all-in-on real estate investor CRM software that helps you manage Data, Marketing, Sales and Operations

This is the tool, we use in our home buying business Why did we choose it?

Automated Lead Follow-Up with Drip Campaigns

Detailed KPI Dashboard that tracks EVERY DOLLAR SPENT

Task creation that is tagged for filtering