Investing for Retirement

35% Of The US Population Are Renters — Why This Is An Opportunity For You?

Why Inflation Is Your Best Friend When It Comes To Real Estate Investments
In the mid-19th century, life expectancy was about 40 years. In 1950, that rose to about 65 years. Today, that life expectancy has grown to about 81 years, and it continues to go up. We are having longer retirements than ever before in history. Medical science progressing at the rate that it is, those retirement years are going to stretch even further! We are living longer, healthier lives than ever before, so shouldn’t your financial health reflect this? Here’s how you can ensure it.

It is never too late to invest in real estate.

I have in the past connected with Warren Buffet, and we have communicated now and then since. Now this financial whizz isn’t known to be a big investor in homes, but even he saw the wisdom of buying single family homes in the aftermath of the 2012 recession.
If you think that this is something you should have started when you were younger, let me tell you, you can start to invest in real estate at any age. We have had people that have started the process well into their 70s or even later. There is the story of Mindy, a school teacher who bought a rental home in her 50s. She finished paying for her 30-year fixed rate loan in 16 years, so now at 70 she has free and clear ownership of a property that earns her a steady passive income from rent. There is also the story of Brad who lives in the San Francisco bay area. He started investing in the 1990s, ended with 16 homes in the Phoenix area and retired early!

Invest in the Sun Belt states.

About 35% of the US population is renting – that is over 110 million people! A massive potential for passive income right there! For a number of reasons the sun-belt states suggest themselves as the places with the best growth potential right now. In these areas, the larger metropolitan areas with a lot of commercial activity are great choices.
This is where young professionals and their families are coming to work, where they are looking to rent properties, live, study. So if you want to make the wise decision to invest in real estate, I always recommend single family homes in good areas rather than apartments or condos. You are setting up your present as well as your future.

Let inflation be your friend.

Usually inflation is a bad word, but not when it comes to real estate investments. Firstly, I recommend the 30-year fixed rate loan – and that you make the lowest down payment possible. While your outgoing seems high right now, after some years it will be roughly the same as a nice dinner out somewhere. While your loan repayment amounts remain the same, your rental incomes go up over the years because the cost of living (with inflation levels) goes up!
So, what size of home should you buy? New or pre-owned? What type of property is going to fetch you the best rental incomes and what will appreciate over the long term? Who will manage properties so far from where you live? I have the answers to all those questions and more. Check out this video where I answer some of these vexing questions – and more.
inflation and real estate investing

How To Buy Multiple Homes In The US And Secure Your Future

Remote Controlled Retirement Riches How to Make This A Reality
My first job was as a research engineer at Hewlett Packard labs. It was fine but when I looked at the financial profile of people who had been in similar jobs for decades, I was not impressed. It was not what I wanted for myself and my future. These people had worked hard for years and didn’t have a lot to show for it. So it was in the 1980s that I first started to buy homes in Vegas. My Silicon Valley colleagues laughed at me. But soon, those same Silicon Valley engineers also started investing in real estate in Vegas!

You can buy anywhere.

There is this unwritten rule somewhere that if you invest in property, that property should be within a 30-minute driving distance from you. Pardon my bluntness, but that is rubbish! You can buy property anywhere in the United States, wherever else you live. I did it! I worked in Silicon Valley and within a little over a year, I had bought 22 rental homes in Las Vegas! And those same Silicon Valley guys who laughed at me had to eat their words. Soon I was leading a group of about 20 of those engineers, and over just a few years we had bought 250 rental homes!
Soon property prices in the area started to go up and our investments appreciated. So then the whole group changed their orientation and decided to invest in the Phoenix area. Until about the year 2000 this was the place to invest. I would not advise buying in those areas now, because it isn’t cost effective. But I will tell you where to buy and how.

Anyone can invest in real estate.

Now if you’re a busy professional, you probably feel that you don’t have the time or the knowhow to make wise investments or to look after those investments. The thing is, you don’t have to! I will tell you the best areas to invest in today, in a way that you get passive income in the form of rent from homes that you own. Choose quality homes in good areas of towns in states that are going to see property prices appreciate in years to come.
The next question is, how would you afford the mortgage and how long would you keep paying it. Well, here the 30-year loan is your best friend. It is a gift that keeps giving. The amazing thing is that this makes your future inflation proof. So let me tell you, buying single family homes right now for securing your financial future is not daunting. The opposite is daunting! How can you afford not to invest in real estate? Like I tell my clients, if you want to send your kid to Harvard, buy one home. If you want a Porsche in your driveway, buy two!
Watch this video where I crunch some numbers for you so that you understand more about property prices, rental incomes as well as your outlays in terms of insurance, property taxes, repairs, property management and so on. This is where my decades of experience really counts – let it count for you! Watch it here.

Fourplex and Duplexes or Single Family Home – Which is the Better Investment Choice?

I am often asked this question by people interested in building a sound real estate investment portfolio: should they invest in single family homes or multiple unit properties? The popular idea is that one is supposed to start with single family homes and then ‘graduate’  to duplexes and perhaps fourplexes (and later, to larger apartment complexes). This is where the cash flow is, they’ve been told. I have something different to tell you. With my decades of experience in real estate, I have helped create wealth for a lot of people, so you may want to watch this to know more.

I recommend not graduating.

 
Think about it – which neighborhoods would you consider are the best ones? Are they the ones with apartment complexes or the ones that have individual homes with some space for kids to play? Let me put it another way: would you like to live in a place where you share a wall with a potentially noisy neighbor, or somewhere you have to share spaces with others and risk an infection in pandemic times?
I think the answer is evident: you would pick a picturesque neighborhood with a good quality of life and nice neighbors. And if this is the choice you would make, there is no reason to presume that people are looking to rent some other type of home! So for me, and all investors I advise, it is the single family home every time if you’re looking to make a prudent investment. There are several excellent reasons for this, as I explain in this video.

The IRR (Internal Rate of Return) is important.

 
This cash flow myth is just that, a myth. The cash flow isn’t necessarily better with investments in apartments, duplexes and so on particularly when you consider all the numbers and calculate the internal rate of return for the entire life of the investment. For you to secure your financial future and to ensure that you have access to the kind of retirement riches that you can truly depend upon later in life, there is no more prudent investment than single family homes!  There is an exception if you purchase duplexes in good areas (some of our broker teams have convinced builders to build duplexes in the same quality areas as single family homes. That would make duplexes attractive enough for us to buy. Remember also that once you exceed five units in a single property (i.e. apartment complexes), the magical 30-year fixed rate loan is no longer available, and you need to get much harsher commercial loans, with onerous pre-payment penalties. Buy single family homes (or duplexes in quality areas). Not one, not two, but as many as possible! Yes, it is possible and I will tell you how – check out this video for all the answers!

Three-Point Formula for the Best Returns On Your Property Investments

Buying Property to Secure Your Retirement – As Easy As 1, 2, 3
People tell me it is so very difficult to decide how, where, when to buy property, and I tell them it is not! Buy now, buy as many as you can! It’s simple and easy if you follow these three rules of thumb that I will now share with you
I am someone who has facilitated the sale of thousands of properties, and I would recommend property as the best investment you can possibly make. But it is daunting, I hear you say! What if you make the wrong choices? Would you be endangering the financial security that you have mapped out for your retirement years? No! Let me explain how you can invest safely, wisely, and smartly.

Where should you buy?

I’ve been in the property investment business long enough to know which markets are saturated and which ones still have potential for growth. So where at one time I would have urged people to opt for, say, Las Vegas or Phoenix, my advice is very different today. We closed thousands of deals in those areas in the past. Right now, I see potential in the Sun Belt states. Investing in properties in areas such as Nevada, Arizona, Texas, Oklahoma, Louisiana, Georgia, and Florida today will serve you well in the long term.
I always recommend that investors should invest in properties in the larger metropolitan areas to get the best returns on the property in terms of rental income, and make it easier to find good property managers and so on. Metropolitan areas are where commerce and industry are. These areas are also magnets for employees and professionals. This is where you’re going to see the biggest turnover of professionals who come in search of better opportunities.

What should you buy?

Another criterion for buying property – I am often asked – should you opt for new or preowned property? The answer is really clear and it is clear for a lot of reasons as I explain in this short video. Find out more about these simple but useful property-buying mantras. After you’ve made the right choice, just do what I always say is the most difficult thing for a human being to do – you do nothing! And you wait for your life to change – for the better!
Watch this under 5-minute video to learn the three golden rules to follow when buying homes for investment and financial freedom.

Buying A Home – Should You Buy Right Now or Can You Afford To Wait a few months?

All You Need To Know About Buying a Single Family Home


At this moment, there is a lot of hype in the media about a shortage in the property market, and about long waiting lists of people wanting to buy single family homes in particular. But here’s why this is just hype: there are quality homes you can buy. You may have to wait a month or even two months but this will make no difference in the long term for you as an investor. In fact, right now is the best time to go for that single family home purchase, as I explain in this episode of Investing for Busy People.

There’s no rush.

There is no doubt that buying a single family home right now is a great idea. Buyers and renters prefer this living situation right now to apartments with shared spaces/surfaces, lifts and so on. There is also the fact that interest rates are low and it would be a shame not to take advantage of the 30 year fixed rate loan.
However, you’ve waited years to buy your home, and you can certainly wait for a month or two more. And the benefits are many. Buying now means that your long term financial prospects in ten or fifteen years are genuinely positive. There is no need to be in a hurry. There is certainly no need to settle for a poor quality property in a low quality market that will leave you with far lower returns over the longer term.

How to buy a single family home right now.

Now there are a lot of people who choose to forge their own path in an unfamiliar market, probably far from home, choosing their own property manager. While this is possible, it is positively brave in fact it is fraught with risk. I would advise property buyers to opt for the ICG advantage. Check out my podcast to know more about this and the right way of going about buying that single family home right now.

Workforce Millionaire

ICG 1-Day Live Expo 12-5-20

ICG 1-Day LIVE Online Expo–Sept, 12, 2020

Adiel Gorel: Updates. Covid-19. Strategies. Financing. Interest Rates. The Economy.

Raleigh-Durham: New homes in the Research Triangle. Jan Wynns

Oklahoma City: New homes. Great Areas & Cash Flow. Low taxes. Joe Pryor

Orlando & Tampa. Growth corridors in Central Florida. Space Coast. Jean Gillen

EXPERT: 1031 Tax Deferred Exchange and Reverse Exchange. Weiming Peng

Atlanta: New homes in Atlanta Metro. Tyra Connor

Jacksonville: New homes in Jacksonville & Ocala. Brian Scrone

Baton Rouge: New homes, High Rents, Growth. Michelle Ruston

EXPERT: Insurance as 1st line of defense for the RE investor. Joyce Feldman

EXPERT: Tax updates and optimizations for investors. Joshua Cooper, CPA

Adiel Gorel: Recap of day. Extensive Q&A. Covid-19 . Loans. Inflation

The Best Real Estate Investing Advice Ever

I was interviewed by Joe Fairless on his Podcast “The Best Real Estate Investing Advice Ever”.

You can find my interview on Joe Fairless’ podcast website:  https://joefairless.com/best-ever-show-2/

My interview can be found under:  JF2152 or via a search on my name.

The interview title is:

JF2152: Which US Markets Shine for Rental Homes and Why With Adiel Gorel

Joe was a great interviewer, and I enjoyed our talk. I didn’t only discuss the best markets. I talked about the awesome power of the FIXED 30-year financing we get only in the U.S. (it doesn’t exist in other countries, to the best of my knowledge).

Getting a mortgage with a fixed rate means inflation becomes your best friend, as it constantly erodes the real value of your monthly payment, as well as your loan balance. You usually don’t have to wait for 30 years. About half way through the loan term, the balance of the loan usually looks like a joke, and so does the monthly payment. I go into more detail about this important (and overlooked) point in articles I had written, in my books, and in my television show, the PBS Special “Remote Control Retirement Riches”. I’d be happy to send you the articles, as well as a link to the PBS show. Just email us at info@icgre.com.

I talk about the future financial transformation that buying new single family homes as rentals in the right markets. You buy in a good area. Local brokers help you and local property managers handle the home for you.

Over the past 35+ years, thousands of investors have bought over 10,000 rental homes in the best markets in the country. We have people from across the ocean investing as well. Clearly, the idea is that local managers do the heavy lifting for you. Now you can be as busy as you probably are, and still build a future-changing portfolio.

We started with me as a busy Silicon Valley engineer. I needed managers to handle the properties for me. Now they help you as well.

Joe asked me towards the end about losing money. I forgot to tell the story of how I “lost” money by simply having to learn the “art of doing nothing”. It took a few recessions for me to finally learn that when a recession is in progress, the best action for the owner of a rental home to do is “nothing” (the hardest thing for us to do , or “not do”).

Until I learned how to do nothing, I got rid of homes during recessions, and while that was not a direct loss, it prevented me from benefiting from those homes in the future, to the tune of a lot of money.

I enjoyed the interview very much, and I hope you find it useful. I hope it can change your future.

May 16, 2020: 1-Day Online Expo

 

Adiel Gorel: Updates. Covid-19. Strategies. Financing. The Economy.

Tonya Debnam: Raleigh-Durham: New homes in the Research Triangle. Tonya Debnam

Joe Pryor: Oklahoma City: New homes. Great Areas & Cash Flow. Low taxes.

Jean Gillen: Orlando & Tampa. Growth corridors in Central Florida. Space Coast.

(EXPERT) Mary Joe Lafaye: Create reserves during Covid-19 w Reverse Mortgages.

Tyra Connor: Atlanta: New homes in Atlanta Metro

Brian Scrone: Jacksonville: New homes in Jacksonville & Ocala

Michelle Ruston: Baton Rouge: New homes, High Rents, Growth. Michelle Ruston

(EXPERT) Joe Merante : Make sure your credit does not suffer due to Covid-19

(EXPERT) Brett Lytle, Esq. : Asset Protection, entities. Covid-19 Risk avoidance.

Adiel Gorel: Recap of day. Extensive Q&A. Covid-19 Loans. Inflation.

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