September 8th we had our quarterly ICG 1-Day Expo. It was spectacular.
Market Teams and Lenders
The market teams from relevant U.S. metro areas were present. The property managers were there too as always. Our main brokers and some of the builders (who construct the homes) came to the event as well. What a treat!
We had lenders specializing in both the conventional 30-year fixed rate loans, for investors in all 50 states. Lenders were in attendance who can make loans to people who are over the limit to get the regular (standard loans), as well as issue loans to foreign investors for U.S. rental homes.
I conducted lengthy Q&A sessions and gave the opening keynote speech and a couple of seminars. At the end of the day, there was a recap of the expo. During the breaks and lunch, I talked with investors, answered questions and enjoyed their company.
Expert Speakers and Hundreds in Attendance
We had a CPA talk about the new tax law and how taxes are optimized for rental home investors. There was an expert who discussed getting college grants for our kids (or grandkids), as many of us still need help (and think we earn too much to qualify). Our last expert spoke on the new structure of reverse mortgages, which has become highly regulated and different than we have previously known. It is useful to understand how all of this works as many are ready to make use of the reverse mortgage, and those of us not quite there learned a lot too.
Hundreds of people were in attendance – one of our best expos to date because it was a wonderful mix of seasoned and brand new investors. We also had many new people who had just been exposed via the PBS Special “Remote Control Retirement Riches with Adiel Gorel.” Also in attendance were veteran ICG investors. The mix was very useful, as the mere questions asked were a great source of learning for everyone. Our veteran investors love talking to people and helping them learn more about the process and to share their experience. It is like a family reunion every quarter! Many investors come to share stories with each other that have been investing for decades – they like to reconnect. The best part is learning how their lives have evolved and to see their dreams coming true for their future.
People All Came Together
The market teams were available in an airy, spacious and enjoyable space all day, to answer any questions and interact with investors new and old. They brought property offering for us to examine.
The day was highly enjoyable! People were from all over the San Francisco Bay Area, and many flew in from other states to attend the event, which was near the San Francisco Airport.
Many of the attendees have already registered to attend the next Quarterly ICG 1-Day Expo on Saturday, December 1, 2018. We will have a brilliant attorney to discuss Asset Protection, LLCs and other structures, and the correct way to implement it while avoiding common mistakes. We will also have an expert on credit optimization, so that we can qualify for the best rates possible, using special procedures which will be outlined. We are still evaluating several exciting experts to choose the third speaker.
In addition to the most relevant market teams, updates and so on, there will be a NEW MARKET introduced on December 1st.
Everyone reading this blog can register for free, just contact us at email@example.com and in the subject line write: “Read your blog, please sign me up for free on December 1st!” You can register up to three guests (also for free).
Looking forward to seeing you!
Some of the markets that had gone down significantly, have registered great price improvements, especially between Q1 2012 to Q3 2013. Phoenix led the pack followed closely by Las Vegas and many California cities. Florida has provided steady appreciation but did not go crazy (most likely due to the slow judicial foreclosure process which modulates home supply into the market and helps avoid spikes).
It is also good news for real estate investors — if someone is in the process of foreclosure, rising prices lower the deficiency exposure for the individual (this is true for homeowners as well as investors, of course).In addition, investors with clean credit can use the rising equity to refinance and get the great rates which can be obtained today, and in many cases improve their cash flow (possibly) quite significantly.
4 million homeowners climb out of negative equity