Monthly Archives: October 2012

The price is right? or Buffett bullish on real estate franchises?


Warren Buffett’s company is buying a real estate franchise from Prudential and Real Living and launching a new brokerage brand for those agents.

http://www.usatoday.com/story/money/business/2012/10/30/buffett-firm-buys-prudential-real-estate/1668649/

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Crowd funding, Volcker Rule, ect. The Problem with rules and regulation


With the Volcker Rule, a complex plan to rein in Wall Street risk-taking, the waiting is the hardest part.

A year after first proposing the rule, regulators are still fine-tuning a final version. And the Congressional supporters of the crackdown, which would limit big banks from trading with their own money, are growing antsy.

Read More: http://dealbook.nytimes.com/2012/10/25/lawmakers-seek-urgency-in-volcker-rule/

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Forming Master Mind Groups


With our office in Del Mar/Carmel Valley, I am looking to build master mind groups in real estate deals, M&A deals, note deals, and more. I enjoy meeting with groups of like minded people! contact me at jdm.networking@gmail.com or 858-869-9483 anytime!

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New program for investors (4+ homes and 10+ homes to 20)


Just learned how investors can buy homes with 10% down. Also found a lender wit investors with 4-11 homes and 11-20 homes.

Contact me at jdm.networking@gmail.com or 858-869-9483

 

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Party is over for some investors (time host a revenge beach party)


Permits and registrations are common, but not an outright ban of the rentals, according to Adam Annen, public relations manager for HomeAway, Inc., which owns websites that list vacation rentals. “Many people rely on vacation rentals for large parts of their annual income,” Annen said in an email. “To give some perspective, the average owner listing their property on HomeAway.com rents to guests for an average of 18 weeks per year, grossing about $26,000 in rental revenue.

 

Read More: http://www.ocregister.com/news/rentals-375428-vacation-beach.html

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CRAZY? (Yes or No?) Permira to Buy Ancestry.com for $1.6 Billion


A consortium led by the European private equity firm Permira has agreed to buy Ancestry.com for around $1.6 billion.

Under the terms of the deal, Permira and its partners will pay $32 a share for Ancestry.com, a genealogy Web site. The agreement represents a 40 percent premium to the company’s closing share price in June, when the potential acquisition was first reported.

Permira, which will retain majority control, is partnering with Spectrum Equity, a venture capital firm and an early backer of Ancestry.com, and several of the European private equity firm’s direct investors. The Web site’s management also will invest in the deal.

Read More: http://dealbook.nytimes.com/2012/10/22/permira-said-to-buy-ancestry-com-for-1-6-billion/

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2012/10/22 · 14:47

Small real-estate investors survive amid big spenders


Investors have dominated the purchases of metro Phoenix’s inexpensive foreclosures and then short sales over the past three years. Despite the recent 40percent increase in the region’s median home price, investor-buyers show no signs of slowing down, with even bigger investors entering the market.

Read More: http://www.azcentral.com/business/realestate/articles/20121005phoenix-small-real-estate-investors-survive.html

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2012/10/22 · 14:36

2015 = 2007? The Future will not be the past!


GOOD: Home prices by 2015 will return to high values of the past

BAD:  Home price will increase to past high levels

UGLY: 5-10 year CA will see another crash (it CA)

BOTTOM LINE: No market crash for near future, but in CA their is always a market real estate crash!

The annual rate of new home groundbreaking still is far below the peak of more than 2.2 million units reached in early 2006 during the housing bubble. But the pace has picked up dramatically from the low of 478,000 in April 2009, and is up sharply from the 706,000 annual rate in May. Building permits for private housing construction, a sign of future activity, also jumped in September, up 11.6% from August and 45.1% from a year earlier. The annual rate in September was 894,000 building permits.

 

Read More: http://www.latimes.com/business/realestate/la-fi-housing-market-20121018,0,4412877.story

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2012/10/19 · 01:47

Deals, Deals, Deals (train, train, train)


Starting new training today to help increase closing deals.  It a two month course, two times a week, three hours a day!

Excellence is an art won by training and habituation. We do not act rightly because we have virtue or excellence, but we rather have those because we have acted rightly. We are what we repeatedly do. Excellence, then, is not an act but a habit. 
Aristotle 
Read more at http://www.brainyquote.com/quotes/keywords/training.html#mks8SjeEYrAlTCuC.99

Happy Networking (& Training),

 

JD Morris

858-869-9483

jdm.networking@gmail.com

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Tax rates on investment income bound to change after election


With the outcome of next month’s presidential election increasingly hazy, here’s a shred of clarity that investors can cling to: The tax rates they pay on investment income like stock profits and dividends are almost certain to change.

Whether rates rise or fall could affect the prices of some dividend-paying stocks, experts say. Some, mainly Republicans, believe that lower rates would boost the economy and lift markets.

lUnder the current system, people pay the government 15 percent on most dividends and capital gains, the profits from selling investments. Both candidates’ proposals would divide taxpayers into two categories: Those who earn more than $200,000 per year — $250,000 for families filing joint tax returns — and those who earn less.

Read More: http://www.nj.com/business/index.ssf/2012/10/tax_rates_on_investment_income.htm

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