— For The Investor In YOU

Top 25 Appreciating Real Estate Markets —Yes, there are 25 places appreciating this year

Posted on September 13, 2008. Filed under: -- Austin Related, -- For The Investor In YOU, -- Real Estate Guide For Today's Market, -- Top 10... | Tags: , , , , |


 

    By Molly Greaves     

As you will learn from my upcoming blogs, I have been recently focusing heavily on learning about real estate investing. I think having real estate and REAL assets are great to have in all economies. Regardless of the economy, there are always great deals and opportunities in the RE market. I own one REIT Mutual Fund but want to have the ability to create multiple streams of income with real estate, not just a dividend here and there.

So, I’ve been very busy working with a real estate investor/builder/developer part-time to get some hands on experience, so I can eventually put what I do on auto-pilot and collect residuals and cashflow while I’m sipping a drink on the beach in Europe or wherever. 

Anyway, through some of my research today, I stumbled across this chart, courtesy of  HousingPredictor.com and thought I would share it with you. You’ll notice how Austin again ranks at the top of this list, and it’s pretty cool that my community has the opportunity to continue to feel appreciation while others are saddened by the loss of their property value compared to a few years ago.

If you read ALL of the Top 25, you’ll see that Texas is on the chart 3 times (Austin, Lubbock and Amarillo). I try and tell people that have never been here and think the whole state is just tumble weed and snakes.  Texas is MUCH cooler than people might think, although not everyone believes me. Fortunately many are starting to discover what I discovered just over 3 years ago when I moved here.

Either way, I love Texas and I think it’s fair to say everyone that lives in Texas does too, especially when our property values are appreciating =).  Top 25 US Appreciating Real Estate Markets  Rank    Real Estate Market   2008 Forecast     1.    Biloxi, MS        4.9%     2.    Salem, OR        4.7%     3.    Bismarck, ND        4.6%     4.    Spokane, WA        4.4%     5.    Yakima, WA        4.1%     6.    Austin, TX        4.0%     7.    Grand Junction, CO        4.0%     8.    Fargo, ND        4.0%     9.    Mobile, AL        3.9%    10.    Idaho Falls, ID        3.8%    11.    New York, NY        3.8%    12.    Glen Falls,NY        3.8%    13.    Salt Lake City, UT        3.8%    14.    Grand Forks,ND        3.8%    15.    Pascagoula, MS        3.8%    16.    Hattiesburg, MS        3.7%    17.    Albuquerque, NM        3.5%    18.    Kellogg, ID        3.5%    19.    Boise, ID        3.5%    20.    Provo, UT        3.1%    21.    Ogden, UT        2.7%    22.    Edmond, OK        2.6%    23.    Oklahoma City, OK        2.5%      

24. Amarillo, Texas 2.4% 25. Lubbock Texas 2.3%                           Top 25 Markets Shake-Up     

The once top-rated housing market Yakima, Washington is beginning to run out of gas, and falls from the number #1 forecast position in Housing Predictor’s Top 25 markets for 2008.

After years of strong sales and appreciation, the Yakima market is slowing and is forecast to slide over the rest of the year. A ripple effect of tighter mortgage lending standards and increasing inventory is beginning to impact the marketplace.

Biloxi, Mississippi all but destroyed by Hurricane Katrina, is in the number one position. A government sponsored program is helping the area rebuild what was once the second largest casino business in the country to Las Vegas.

The Top 25 with the highest forecast appreciation have the greatest probability of reaching their forecast of the more than 250 local housing markets Housing Predictor forecasts.

Conservative North Dakota with one of the strongest statewide economies nationally, and the lowest subprime mortgage activity in the country, placed three cities on the list. Four states each placed three communities on the list.

Interestingly, the top markets for 2008 are scattered throughout all parts of the U.S. from the west to the east and into the southern states. No particular region of the country was more dominate than another as more and smaller communities based on population made the Top 25, which have less appreciation forecast than earlier in the year.

 

SORRY the table wouldn’t insert and that the numbers are not aligned. If someone can show me how to fix that with the given blog tools, please feel free to let me know! THANKS in advance…

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Opportunity Austin 2.0

Posted on September 7, 2008. Filed under: -- Austin Related, -- For The Investor In YOU | Tags: , , , , , , , |


By Molly Greaves

I’m very pleased to be a member of the Austin Chamber of Commerce. They have many events that make it very worthwhile to be a member. For example, Ben Bernanke is coming to talk in December. I think that’s awesome, and also impressive for a Chamber of Commerce to swing for it’s members.

Being involved with the Chamber is also nice because they provide tons of information and research to make sure each business it works with is set-up to thrive in our community. I think that’s pretty cool, especially since they are consistent with their mission and have helped do great things for our local Austin economy, and continue to do so.

With that said, the Chamber has Opportunity Austin 2.0, which is a 5- year economic development initiative to create 72,000 new jobs and increase payroll in the Central Texas region by $2.9 billion. It actually surpassed it’s goals within the first 4 years with the addition of more than 112, 200 jobs and $4.9 BILLION in new wages since the program’s inception in 2004.  Awesome.

The following is a list of Opportunity Austin 2.0’s Investors who have helped make everything possible. I wanted to share this with everyone because it’s important to recognize these business leaders and owners for their dedication and continued commitment to our local community.  I appreciate them very much, and I hope you do too.

 

***LEAD INVESTORS***

 

Armbrust & Brown, LLP

Austin Commercial, LP

Austin Energy/City of Austin

Baker Botts

Bank of America

Brown McCarroll, LLP

Bury + Partners

Cousins Properties, Inc.

D.R. Horton, Inc.

DPR Construction

Drenner & Golden Stuart Wolff, LLP

DuBois, Bryant, & Campbell, LLP

Dynamic Systems

Endeavor Real Estate Group

Facility Solutions Group (formerly Design Electric)

Frost Bank

Fulbright & Jaworski

Graves Dougherty Hearon &  Moody

Guaranty Bank

Hensel Phelps Construction Co.

Heritage Title Company of Austin

HNTB Corporation

Jackson Walker

JE Dunn

JPMorgan Chase Bank

Live Oak-Gottesman

Locke Lord Bissell & Liddell, LLP

NAI Austin

Pape-Dawson Engineers

Seton Family of Hospitals

St. Croix Capital

St. David’s Healthcare Partnership

Stratus Properties

Temple-Inland

The University of Texas at Austin

Time Warner

Wachovia Bank

Walters Southwest

Wells Fargo Bank Greater Austin Region

White Construction

Winstead PC

Zydeco

 

***INVESTORS***

 

Adelante Solutions, Inc.

Airco Mechanical

Amelia Bullock Realtors

Aspen Growth Properties, Inc.

Atlantic Trust

ATX Investments

Austin Business Journal

Austin Hotel & Lodging Association

Austin Power Lunch

Austin Ventures

Bastrop Economic Development Corporation

Burks Digital Reprographics

Byram Properties

CCIM Central Texas

Cedar Park Economic Development Corporation

City of Kyle

City of Lockhart

Concordia University Texas

Convio

Cooper Graci & Company

Cypress Real Estate Advisors

Development 2000, Inc.

Diann Cowling, CCIM

Don Carlos Allen

Dwyer Realty

Flieller, Kruger & Skelton, LLP

Flynn Construction, Inc.

Focus Strategies, LLC

Four Seasons Hotel

Georgetown

GSD&M Idea City

Harden Healthcare

Haynes and Boone, LLP

Healthcare Facilities Development

Hester Capital Management, LLC

Hill Country Electric Supply

Hilton Downtown

Holtzman, Moellenberg, Panozzo & Perkins, LLP

Hutto EDC

Intertech Flooring

IronStone Bank

Joe Bland Construction

John C. Lewis Company

Martin & Salinas Public Affairs, Inc.

Matt Mathias & Co.

Maxwell Locke & Ritter, LLP

McGarrah Jessee, LP

Munday Enterprises

PBS&J

Perceptive Sciences

Perficient

Plugerville Community Development Corporation

Phoenix Capital

PlainsCapital Bank

PMB Helin Donovan

Ranger Excavating

RKB Contractors, Inc.

Round Rock Economic Development Partnership

Schmidt Electric

Spawglass Contractors

Staats Falkenberg & Partners, Inc.

Steve T. Matthews Company

Studio 8 Architects

Summit Commercial Industrial Properties

Sutton Company

T. Stacy Associates

TateAustinHahn

Taylor Economic Development Corporation

Texas Capital Bank

Texas DPS Credit Union

The Beck Group

Tokyo Electron America

Transwestern Austin

Treaty Oak Bank

Trimbult Construction

United Commercial Realty

Vcfo, Inc.

Vignette Corp.

Walter Penn

Workplace Resources

 

*** AS OF 8.22.08

 

 

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Setting Goals and Real Estate for example

Posted on August 10, 2008. Filed under: -- Building Wealth, -- Entrepreneurship And YOU, -- For The Investor In YOU, -- On MY Calendar, -- What MOLLY's Up To, Pictures | Tags: , , , , , , , , |


By Molly Greaves

Setting goals: 

I do best if I put myself on a deadline, so I’ve decided to set up some goals for my real estate efforts. To be sure you set goals that can work for you, make sure they are:

-Clear and defined

– Reachable

-Time defined (set deadlines)

-Measurable to determine success

-Have identifiable action steps

– Tell others about your goals to help keep you in alignment with what you’re trying to achieve.

So, for example, here is what I said…

I want to add an extra 10k/month to my annual income.  I’m going to do this by creating a long-term income stream that will pay me residuals. So, I’m going to buy investment properties and aquire rental properties which will yield that level of income.

I’m also working on a mortgage pool, which will offer somewhere around 13%-15% interest, and be backed by a first lien position on real estate. If you know of any investors that might be interested, please let me know; they’ll love you for it, and I’ll handsomely reward you for your efforts. 

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When YOUR neighbors buys a Jaguar…

Posted on July 15, 2008. Filed under: -- Building Wealth, -- For The Investor In YOU, -- Money Help (in simple terms), -- Saving Money And YOU, -- YOUR Retirement | Tags: , , |


By Molly Greaves

If one of your neighbors buys a Jaguar, it looms larger in your mind that the mini-van that your friends and other neighbors drive.

I know this sounds crazy, but I offer you some unconvential advice: if your high spending pals are a problem, find some new ones. That doesn’t mean cut them off, just maybe add some new one’s to your circle that enjoy “free” things like volunteering, going to the park, exercising, meditating, etc. Anything that doesn’t require consumption!   You could even join an investing club!!

It’s no secret that our spending habits are driven in part by the crowd we’re in. But there’s more going on here than envy and status seeking. Most of us don’t like keeping budgets or doing the math. When deciding whether a a big expense is reasonable or not, people often take mental shortcuts when trying to figure things out.   

PS-Until you have an emergency fund built up, don’t even think of eating out! 

PSS-If you cant afford to quit your job for 30 years, than how do you plan to pay for retirement?

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It’s because it’s not what you make, it’s what you keep.

Posted on July 15, 2008. Filed under: -- Building Wealth, -- For The Investor In YOU, -- Money Help (in simple terms), -- Uncategorized, -- YOUR Retirement | Tags: , , , , |


by Molly Greaves

I could walk into Neiman’s and buy pretty much anything I wanted. But I would NEVER do that.  Since I wasn’t born rich, I advocate moderation and discipline as a way to build wealth. It’s because it’s not what you make, it’s what you keep.

I’m talking about cutting back on little extravagences that could have a huge impact later. Take your tall, skinny latte to start as an example. Cutting coffee wont get everyone where they need to be as far as savings and retirement are concerned, but if you’re young, and time is on your side, you’d be amazed at the power of 5 bucks. Little things start adding up to big things! Heck, you’d be even more surprised at what $10 or even $20 can do!  Start paying yourself first and see what you have the power to create!

Worried about investing in the stock market? Well, I hate to tell ya that this is the time now to get in! The longer you wait, the riskier your portfolio will likely have to be in order to reach your target retirement amount.

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Study: Most middle-class retirees WILL OUTLIVE savings

Posted on July 14, 2008. Filed under: -- Building Wealth, -- For The Investor In YOU, -- Money Help (in simple terms), -- Saving Money And YOU, -- YOUR Retirement | Tags: , |


By Molly Greaves

I am a proud subscriber of the Austin Business Journal, and wanted to pass along this posting today that I found…

Monday, July 14, 2008 – 12:38 PM CDT

Study: Most middle-class retirees will outlive savings

Austin Business Journal

Almost three out of five new middle-class retirees will outlive their financial assets if they keep up their pre-retirement ways of living, according to an Ernst & Young LLP study on behalf of Americans for Secure Retirement.

The study found that Washington, D.C. residents, along with those from Rhode Island, Utah and New York, are the least likely to outlive retirement savings.

But on average, middle-income Americans entering retirement now will have to reduce their standard of living by an average of 24 percent to ensure they don’t outlive their financial assets.

“Many Americans envision a retirement where their lifestyle continues much as before,” says Tom Neubig of Ernst & Young. “Our work shows that this is not a realistic expectation and that, with the current state of savings and potentially very long life expectancies, many retirees will have to cut back far more on expenditures than they had ever expected.”

People seven years out from retirement will have to reduce their standard of living an average of 37 percent, the study says.

Retirees with a guaranteed source of retirement income beyond Social Security are more likely to salvage their assets.

“As a guaranteed source of retirement income, life annuities relieve the risks and burdens of managing a nest egg and can maximize savings’ value over the course of an individual’s retirement years,” says Joe Reali, chairman of the D.C.-based Americans for Secure Retirement coalition.

The study found that Montana, Wyoming and South Dakota citizens have the highest likelihood of outliving retirement savings.

Under legislation before Congress, The Retirement Security for Life Act would create federal tax incentives that encourage Americans to invest retirement assets in an individual life annuity.

Americans for Secure Retirement bills itself as a coalition of more than 50 organizations representing women’s, small business, agriculture, Hispanic, and African-American groups, as well as the life insurance industry.

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INFLATION–Current Rate AND Keeping YOUR Purchasing Power…

Posted on July 10, 2008. Filed under: -- Building Wealth, -- For The Investor In YOU, -- Money Help (in simple terms), -- Saving Money And YOU, -- YOUR Retirement | Tags: , , , |


 

By Molly Greaves

If the inflation rate grows faster than your investment’s rate of return, it can cause your savings–and your purchasing power–to erode. To maintain your purchasing power, you need to earn a rate of return higher than the inflation rate. Currently, the US inflation rate is about 4%. 

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What is COMPOUNDING INTEREST and How It Can Benefit YOU!

Posted on July 10, 2008. Filed under: -- Building Wealth, -- For The Investor In YOU, -- Investing, -- Money Help (in simple terms), -- YOUR Retirement | Tags: , , , , |


 

By Molly Greaves

If read my posts regularly, you’ve probably noticed that I always say ” if time is on your side.” That’s because when you’re so lucky and don’t even realize the opportunities you have to create a large abundance of wealth. That’s because the sooner you start saving, the more time your money has to compound.

Compounding occurs when the money you invest earns money–such as interest in a savings account or returns on your 401(k) investments– and those earnings in turn earn money. In other words, the more you save now, the more compounding can increase your savings. 

Let’s apply it to real-life.

Start at 20, and set aside 15% of everything you earn (including gifts and such) and you will be in good shape at retirement. Wait until you’re 40, and it will be 25% or more of every dollar earned. Wait until 50, and it will be 45% of every dollar earned.

You can look at it this way too. If you invest $1,000 per year in a tax-deferred account that earns 7% a year beginning at age 25, you will end up with $199,635. If you invest the same amount, starting at age 40, and you’ll end up with only $63,249.

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WHY I LOVE ROTH IRAs!

Posted on July 10, 2008. Filed under: -- Building Wealth, -- For The Investor In YOU, -- Money Help (in simple terms), -- Saving Money And YOU, -- YOUR Retirement | Tags: , , , , |


by Molly Greaves

Unlike a 401(k) you get no tax break on the dollars you put into the Roth, but you get to withdraw your money tax-free when you retire.  I think it’s a great hedge against higher taxes in the future. I dont know about you, but I only see them continuing to rise as the years go by. 

Also, a Roth IRA is just about the best financial gift you could ever give to your kids. 

Here’s why: Your assets in your Roth dont have to be tapped at any time during your lifetime, should you be so lucky, and when your kids inherit them, they can withdraw the money tax-free.

Compare that to a regular IRA. If you own this investment vehicle, you’ll have to start taking out distributions from the account starting April 1 of the year AFTER you turn 70 1/2, even if you dont need the money. And then, once your kids inherit the money, they will have to pay income taxes on the money when they take it out. So, they’ll end up with a LOT less. 

If you’re already seeking an employer’s full match, I would recommend putting the rest in the Roth until that is maxed out.  More to be added to this topic…much more.

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A Roth Will Create a Better Legacy For Your Family Than a Traditional IRA Will

Posted on July 7, 2008. Filed under: -- Building Wealth, -- For The Investor In YOU, -- Money Help (in simple terms) | Tags: , , , , , |


 

By Molly Greaves

I’d heard a Roth IRA is just about the best financial gift you could ever give to your kids so I did some research… 

Here’s why: Your assets in your Roth dont have to be tapped at any time during your lifetime, should you be so lucky, and when your kids inherit them, they can withdraw the money tax-free.

Compare that to a regular IRA. If you own this investment vehicle, you’ll have to start taking out distributions from the account starting April 1 of the year AFTER you turn 70 1/2, even if you dont need the money. And then, once your kids inherit the money, they will have to pay income taxes on the money when they take it out. So, they’ll end up with a LOT less. 

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