OFFICIAL LOCAL NEWSLETTER OF YOUR LOCAL REAL ESTATE INVESTOR ASSOCIATION
Fall Into Success with Milwaukee REIA
MEET MARIA!
Get to know Maria Giordano, our October Featured Speaker
SEPTEMBER MARKET OUTLOOK
Understand what happened in September with market outlooks
BLOG UPDATES
Take a look at the NEW REIA Blog! See some of the latest posts
As the crisp autumn air settles in, it's the perfect time to refocus and gear up for a successful close to 2024. At Milwaukee REIA, we're here to help you "fall" into success with your real estate investing business. Whether you're a seasoned pro or just starting, our resources and events are tailored to guide you every step of the way
This month, we're excited to offer events designed to help you create long-term wealth and navigate the intricacies of property investing Learn how to accurately estimate repair costs, analyze deals, and sharpen your negotiation skills These insights will equip you to make smarter decisions, minimize risks, and maximize returns in this dynamic market
Milwaukee REIA is committed to helping you succeed this fall and finish the year on a high note With our support, tools, and network, you'll be well on your way to closing out 2024 with a bang!
Note:
Meet our Speaker for October MariaGiordano
Maria is a full-time real estate investor and nationally recognized speaker on real estate investing With over two decades of experience in the industry, Maria knows the ins and outs of real estate investing like the back of her hand However, her journey to becoming a successful real estate investor was not an easy one In her former life, Maria was a trauma nurse for Scottsdale Healthcare, working long hours and not seeing much of her family. Maria’s personal experiences with financial struggles and a demanding work schedule pushed her to find a solution. She discovered that real estate has created more millionaires and billionaires than any other industry nd decided to invest with her husband Gary. Within less than 45 days, Maria was able to replace her income as a trauma nurse
and made over $648,000 in their first six months investing in real estate Together, Maria and Gary created a multi-million-dollar real estate business using exclusively other people’s money Maria has done just about every deal you can imagine, from Airbnb’s to fix-n-flip, land lording, owner financing, spec builds, minor land divisions, short sale, rent-to-own, syndications and her favorite, creative deal structuring Her real specialty is making the impossible possible and profitable through options, seller financing, subject-to’s, and WRAPS, which means she has seen every scenario out there of what gets people in trouble Maria is the author of four books on real estate and has been interviewed by numerous news articles and websites, including RealtyTrac, Investor’s Business Daily, and The Wall Street Journal She has also been featured on ABC’s Nightline and Good Morning America Maria is passionate about helping people learn to invest in real estate using little to no money of their own, creating an investment portfolio that will allow them to create the life of their dreams, a life on their own terms.
October Monthly Meeting
Investing with NO Limits!
Learn the strategies that will give you quick cash now and long- term wealth Know the secrets to simple, profitable deal structuring
Doors open at 6pm, followed by networking, Haves & Wants, and then the featured presentation!
Investing With No Limits - Wealth Builder Blueprint with Maria Giordano
Learn the strategies that will give you quick cash now and long- term wealth Elite investors today are using Subject Tos, wrap-around mortgages, and seller carryback mortgages to rapidly build their real estate investment portfolio without the need for banks and regardless of credit Know the secrets to simple profitable deal structuring.
Early
Local Market Monitor’s National Economic Outlook for September 2024
BY: INGO WINZER, LOCAL MARKET MONITOR
In order to combat inflation, the Federal Reserve raised interest rates sharply in 2022. This was a desperate measure because this particular inflation wasn’t caused by runaway demand, as is usually the case, but by limited supply Government interventions to boost supplies are politically difficult, so this may have seemed the only possible way to match supply with demand, but at a high cost
Mortgage rates went to 7 percent, which made home buying unaffordable for most people. Small business loans rose to 15 percent, discouraging companies that provide half of all employment And interest rates of 25 percent on credit cards affect the people least able to afford higher prices for food and gas.
The fall-out from these drastic actions is directly reflected in the current job situation, because consumers ARE the economy If they can’t buy a home, they won’t buy new furniture for it They won’t buy a new car, they won’t start a new business or expand an existing one And if they’re spending all their money on food and gas, they’ll be pretty angry.
Even though the number of jobs in August was 1 5 percent higher than a year ago, a good chunk of the increase is just due to rehiring in the healthcare and government sectors The pace of new (not rehiring) job additions may be closed to one half percent, which means the economy is basically just treading water.
That’s unlikely to change much in 2025, because interest rates won’t come down as fast as they rose Nor will home prices In the second quarter they were up 5 percent over last year, even though they’re already 30 percent higher than the average buyer can pay. Prices will come down in some markets next year but the realignment of prices with incomes will take years.
The 1 5 percent increase in total jobs includes increases of 2 8 percent in construction, zero in manufacturing, 0 4 percent in retail, 0 4 percent in finance, 0 4 percent in business services, 4 1 percent in healthcare, 1.2 percent at restaurants, and 1.9 percent in government.
Milwaukee REIA Vendor of the Month
C4 is an independent insurance agency, representing a carefully selected group of financially sound, reputable insurance companies, allowing us to find the right coverage at the right price for you As an independent insurance agency, we work for only you, with a wide array of choices. We offer a REIAspecific Vacant Home Policy that is unlike any other and perfect for rehabbers at a really great price
This policy is just one service we can provide for investors Don't forget to call us for a competitive quote for any of your insurance needs: business, home, auto, or life.
REIA Member Benefits: Free quotes and access to exclusive REIA-only policy for rehabbers
jason@c4ins.com
Via
Jnnifer Ayers
Mervat Ayesh
Ryan Biankowski
Jennifer Gaertner
Paul Gaertner
Vann Garg
Timothy Hales
Brenda Kirk
Derek
Jonathan Koller
Milena Kovacevic
Sonny Kovacevic
Ashley Luetke
Brandi Monreal
Carol Newell
Priya Patel
Christin Robinson
Destinee Thomas
Dean Valadez
Danielle Westcomb
Tool of the Month
SKIP FORCE - ELEVATE YOUR SKIP TRACING GAME
Unlock the full potential of your real estate investments with Skip Force's superior skip tracing solutions. Offering the most accurate Tier 1 data at wholesale prices, Skip Force ensures you access top-quality leads without breaking the bank.
Most Accurate Data: Get up-to-date phone numbers and optimal call times.
Efficient Workflow: Batch processing to save time and resources
Real-Time Results: Immediate access to processed data.
High-Quality Leads: Accurate contact information for better outreach
Prime Number Generator: Graded numbers for better call success.
SIGN UP TODAY!
National Benefit of the Month
HAMMERZEN - SAVE $2 OFF THE APP + FREE 30 DAY TRIAL
Very few people in real estate investing can say they enjoy manually entering all of their company ’ s purchase data into an Excel spreadsheet. That's where HammerZen steps in to save the day. The HammerZen app automates the data import process from The Home Depot right into QuickBooks Typically, you needed to review your receipts and then type in each tiny detail, digit-by-digit. When you use HammerZen, you can automatically upload hundreds of statements in a matter of minutes! It's like stress-free accounting. HammerZen eliminates the potential for any errors, significantly increasing the accuracy of your data so that you can produce accurate reports and estimates. Approved by Intuit, HammerZen is one of the most valuable tools you can have at your disposal.
New Freddie, Fannie Tenant Protections for Multifamily Properties
BY: JOHN TRIPLETT, RENTAL HOUSING JOURNAL
Freddie Mac and Fannie Mae have announced new tenant protections for residents in multifamily properties with mortgages backed by the two Government-Sponsored Enterprises (GSEs), according to a release from the Federal Housing Finance Agency (FHFA).
The new multifamily lease standards policy requirement starting February 28, 2028 will require borrowers with new Enterprise-backed financing to provide residential tenants the following three minimum standards which will be included in all residential leases at properties for which applications for new loans are signed on or after the effective date
The new multifamily least standards are:
30-Day Notice of Rent Increases: Written notice of a rent increase at least 30 calendar days prior to said increase;
30-Day Notice of Lease Expiration: Written notice of the scheduled expiration of the residential lease at least 30 calendar days prior to said expiration;
5-Day Grace Period for Late Rent Payments: A minimum five calendar day period from the rent due date before late fees or other penalties can be charged, e g , if rent is due on the 1st day of the month, a late fee cannot be charged until the 6th day of the month if rent is still unpaid.
“Fannie Mae and Freddie Mac’s (GSEs) announcements today of new multifamily tenant protections mark an important milestone by increasing transparency and improving communication between housing providers and tenants,” said FHFA Director Sandra L. Thompson
In 2023, Fannie Mae financed approximately 482,000 units of multifamily rental housing, a significant majority of which were affordable to households earning at or below 120% of area median income, according to Mortgage Point
“These lease standards seek to extend the reach of common baseline tenant protections,” said Kevin Palmer, Head of Multifamily for Freddie Mac “Although many borrowers already exceed these minimum standards, all will be required to meet the standards to obtain GSE financing in the future. The details we released are intended to give lenders, borrowers, and other market participants clearer expectations with regard to how we will implement, monitor, and enforce the new requirement ”
See a list of frequently asked questions about the new tenant protections policy here.
HERE’S WHAT YOU MISSED ON THE BLOG
Wholesaling Houses for Profits in the Milwaukee Area
Have you ever thought about diving into real estate without risking a hefty bank account balance? Wholesaling might just be your gateway. Especially in Milwaukee, this vibrant and evolving market holds boundless opportunities for keen investors looking to turn properties around rapidly. So, buckle up as we explore the methodology, benefits, and the bustling real estate scene in Brew City, better known as Milwaukee
Investing Wisely in Milwaukee
Milwaukee is a vibrant city with a rich cultural tapestry and a growing economy, making it an excellent place for real estate investors. At the Milwaukee Real Estate Investors Association (REIA), we have empowered hundreds of individuals to embark on their real estate investing journey If you're looking to make a savvy investment in this bustling city, here are some key strategies and tips to guide you.
What the Most Desireable Milwaukee Neighborhoods to Invest In?
Milwaukee, a city rich with vibrant culture and a storied history, has become a hotspot for real estate investors seeking promising opportunities As the largest city in Wisconsin, Milwaukee offers diverse neighborhoods that cater to a variety of investment strategies, from affordable housing markets with strong rental demand to revitalized urban areas boasting modern developments.
Better Climate Challenge
Through the U.S. Department of Energy’s (DOE) Better Climate Challenge, organizations join a network of market leaders that are stepping forward to work with DOE to plan for their organization's future success by reducing GHG emissions and sharing replicable pathways to decarbonization. Partners will save energy and money and demonstrate leadership in their local communities. Participating organizations can tap into the Better Buildings network, engage with other market leaders, access peer-to-peer exchange opportunities, and leverage technical assistance from DOE and the national labs. Learn more with the resources below.
Factsheet
FAQ
Informational Webinar
Additional program resources that may be of interest to REIA members:
Framework for Greenhouse Gas Emissions Reduction Planning: Building Portfolios
This framework helps organizations develop an actionable plan that achieves Scope 1 and 2 GHG emissions reduction targets across their portfolio This resource is tailored for organizations with a portfolio of buildings and vehicle fleets.
GHG Emissions Reduction Audit: A Checklist for Owners
This guidance and accompanying checklist detail recommended services and deliverables for a building-level greenhouse gas (GHG) emissions reduction audit focused on Scope 1 and 2 GHG emissions.
GHG Emissions Reduction Audit Scope of Work Template
This template can be used by building owners and operators to develop a scope of work for a GHG Emissions Reduction Audit to share with their auditor or include in an RFP