MAREI PartnerCast 007: Jayme Dickey with Choice Home Warranty

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 John Wires & James Gregg chat with Jayme Dickey from Choice Home Warranty in Episode 007 of the MAREI PartnerCast. Jayme shares how home warranties work and what makes Choice Home Warranty Different. Did you enjoy our PartnerCast? Be sure to give us a like and to make sure you don't miss a future PartnerCast, subscribe to our Channel.


MAREI PartnerCast 006: Attorney Julie Anderson

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 John Wires & James Gregg chat with Julie Anderson from Anderson & Associates in Episode 006 of the MAREI PartnerCast. Julie shares what Landlords should be doing to protect their interests and to assist their tenants during these trying times related to COVID-19.. Get more info about Julie's COVID Resources at www.MOKSLaw.com/forms Did you enjoy our PartnerCast? Be sure to give us a like and to make sure you don't miss a future PartnerCast, subscribe to our Channel.


MAREI PartnerCast 005: Rachel Bailey with Action.com

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 John Wires & Michael Pearse chat with Rachel Bailey from Auction.com in Episode 005 of the MAREI PartnerCast. Covering how Foreclosure Auctions and Bank-Owned Sales work through Auction.com. What Auction.com's Role is and the Live Classes and Current Online Classes. Get more info about classes on the calendar of events at www.MAREI.org. Did you enjoy our PartnerCast? Be sure to give us a like and to make sure you don't miss a future PartnerCast, subscribe to our Channel.


MAREI PartnerCast 004: Dave Green from Accurate Title

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 John Wires and James Gregg chat with Dave Green from Accurate Title in Episode 004 of the MAREI PartnerCast. Covering a ton of issues that Real Estate Investors: Title, Liens, Foreclosure Sales, Tax, Sales, Title Insurance, Virtual Closings, Online Earnest Money and More. Did you enjoy our PartnerCast? Be sure to give us a like and to make sure you don't miss a future PartnerCast, subscribe to our Channel.


MAREI PartnerCast: 003 Kevin Woltkamp

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 John Wires and James Gregg chat with Kevin Woltkamp with Oasis Construction and Design in Episode 3 of the MAREI PartnerCast. What's happening in the contractor world right now and a look at the contractor's perspective when it comes to working with real estate investors plus some great tips on best practices for working with your contractor and developing a scope of work. Did you enjoy our PartnerCast? Be sure to give us a like and to make sure you don't miss a future PartnerCast, subscribe to our Channel.


Housing Demand Above Pre-Pandemic Levels

Freedom First REIA, LTD

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If you’ve tried to buy a house during this time, you may be surprised at how quickly viable homes are being snatched up. Despite the pandemic, housing demand continues to rise. Some experts indicate it is 25% above pre-pandemic levels.

Homes are selling at higher prices in part due to new listings being down by an average of approximately 27.1% from a year ago, as Zillow reported. The following chart shows the decreased percentage of listings for key cities in each state. With more buyers than sellers, this low inventory has obviously maintained an optimal seller’s market.

While the quantity of stock is lower than last year, there are different predictions for how the second half of 2020 will pan out as well as the beginning of 2021. For buyers, there may still be heavy competition for a home, but the upside is the low mortgage r
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Hey Business Owners, Do You Understand The Value of Time?

Utah Real Estate Investors Association

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“When the storm has passed, put your energy into rebuilding your life, don’t waste time looking back.” -Leon Brown

Entrepreneurship is the conversion of your knowledge, talents, guts, and time into money.

Time is valuable, although the value differs from person to person. And while I recently covered the best way to think about the value of your BUSINESS ... this calculation is actually a little easier.

But it takes a certain mindset.

You see, when most people place value on their time, they do so based on an eight-hour workday, which is not all that correct. It's hard to get eight productive hours out of each day.

One study involving Fortune 500 CEOs revealed that they achieved 28 productiv
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Loan Defaults

Utah Real Estate Investors Association

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If you are going to be a lender, you’ll need to understand how your borrower might come into default and what to do about it.

The first way to default is failing to comply with any term of the note. This includes making a monthly payment or paying off the note when due. Monthly payments can be tricky. Your note needs to be clear about what constitutes just a late payment versus one that causes a default. General mortgage rules give the borrower 15 days from the due date to make payment without penalty. Then, he can make payment up to 30 days with just a late fee. Then, if payment is not made within 30 days, the note is in default.  Remember, however, that your note can modify any of those payment terms! You just need to know what those terms are. Your note should also be clear on the exact day the note is due.

Also, default can occur under ANY term of the note or deed. Your documents should include that maintaining property insurance and the payment of property taxes are both required or it will result in default. Your note may have other terms as well, such as not putting any other lien on the property. The key here is to really understand your not
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State Tax Revenue Collection and How It Might Affect YOUR Wallet

Utah Real Estate Investors Association

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"A man should always consider how much he has more than he wants." -Joseph Addison 

The financial picture for the various states in our nation is a mishmash of various revenue sources (and expenses). 

Unlike, say, the federal government, the states cannot print money. So, they are forced to go hunting for it. And they get it from a few primary sources: sales tax (based on purchases/consumption), income tax (individual and business taxes based on income), property tax and "other" taxes like the tax on fishing licenses, driver's licenses and a lot of other smaller items.  

And the most volatile -- and COVID-affected -- of these sources is ye olde income tax. Sales tax has obviously tak
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The Risks of Hard Money Lending: Part 3 of 3

Utah Real Estate Investors Association

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In Parts 1 and 2, we explained that loaning your own money could be a licensed or regulated activity. We also explained that loaning other people’s money for a fee is always a licensed activity. The other risk I see is when investors are doing these loans without the proper protections. Here is a good checklist to follow.

  1. Confirm the licensing issues for the kinds of loans you or your pocket lenders are making.
  2. Be competent at valuating the property and do so yourself. Do not rely on the borrower’s numbers. Learn loan-to-value!
  3. Always use a well-prepared promissory note (loan document). I see many that are not sufficient. You should have one drafted by an attorney, not a title company.
  4. Always secure the loan with a trust deed (mortgage). ALWAYS!
  5. Always run the loan through a title company or attorney’s office that confirms the recording of the trust deed in the appropriate position! The biggest fraud in real e
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