Friday, February 5, 2016

Rich Ford of Roofstock Joins Bruce Norris on the Real Estate Radio Show #472

Bruce Norris is joined this week by Rich Ford. Rich is Chief Development Officer and co-founder of Roofstock, a semi-stealth new startup based in Oakland. His website bills the company as “rental home investing made stock market simple.” Invitees who are starting to buy and sell on the site have called it the e-trade of occupied rental home investing. Rich is far from a newcomer to the single-family rental market. Before Roofstock, Rich spent 20 years doing investment banking with a focus on capital-raising and strategic advisory within the real estate sector and emerging single-family rental industry. Firms included Jeffries, Bank of America, Merrill Lynch, Leihman Brothers, and Morgan Stanley. He hosted the first ever single-family rental conference back in May 2012.

He was also instrumental in the formation of Invitation Homes, the largest owner of single-family residences and rentals in the U.S. today. He has worked with all the largest participants in the SFR sector on capital raising and advisory work. This includes providing expertise on most of the IPOs. He was integral to the creation of a new class of preferred security for AMH that links home appreciation to returns. He also advised on the sale of over 6,000 single-family rental homes included many of the major transactions in the market. He is a frequent moderator and panelist at single-family rental conferences.

Bruce and Rich discuss different inventory, which are good cash-flowing assets, the percentage of properties that were bulk sales, the challenges rental companies are facing, public capital and blind pool, net asset value, the biggest areas of accumulation, and much, much more on this week's Norris Group real estate radio show and podcast.

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Friday, January 29, 2016

Rich Ford of Roofstock Joins Bruce Norris on the Real Estate Radio Show #471

Bruce Norris is joined this week by Rich Ford. Rich is Chief Development Officer and co-founder of Roofstock, a semi-stealth new startup based in Oakland. His website bills the company as “rental home investing made stock market simple.” Invitees who are starting to buy and sell on the site have called it the e-trade of occupied rental home investing. Rich is far from a newcomer to the single-family rental market. Before Roofstock, Rich spent 20 years doing investment banking with a focus on capital-raising and strategic advisory within the real estate sector and emerging single-family rental industry. Firms included Jeffries, Bank of America, Merrill Lynch, Leihman Brothers, and Morgan Stanley. He hosted the first ever single-family rental conference back in May 2012. He was also instrumental in the formation of Invitation Homes, the largest owner of single-family residences and rentals in the U.S. today. He has worked with all the largest participants in the SFR sector on capital raising and advisory work. This includes providing expertise on most of the IPOs. He was integral to the creation of a new class of preferred security for AMH that links home appreciation to returns. He also advised on the sale of over 6,000 single-family rental homes included many of the major transactions in the market. He is a frequent moderator and panelist at single-family rental conferences. Bruce and Rich discuss his company Roofstock, owning rental single-family homes, the scale of new rental homes and investor participation, large scale investors being market-makers, efficiencies in the real estate market, the target property for holders of rental properties, and much, much more on this week's Norris Group real estate radio show and podcast.

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Friday, January 22, 2016

Rick Sharga of Ten-X Joins Bruce Norris on the Real Estate Radio Show #470

Bruce Norris is joined this week by Rick Sharga. Rick is the chief marketing officer for Ten-X, of which he became CMO this month. This was after spending two years with Auction.com as an executive vice president. He is one of the country’s most frequently quoted sources on real estate, mortgage, and foreclosure trends. Rick has appeared on the CBS evening news, NBC Nightly News, CNN, ABC World News, CNBC, Fox, Bloomberg, and NPR. He has briefed government organizations such as the Federal Reserve, the Senate Banking Committee, and corporations like JPMorgan Chase, Citibank, and Deutsche Bank. Prior to joining Auction.com, Rick was an executive vice president for Carrington Mortgage Holdings. He has also spent 8 years at RealtyTrac, where he was the senior vice president. Rick is a member of the corporate board of governors of the National Association of Hispanic Real Estate Professionals. He was included in Inman’s News top 100 people, an annual list of the most influential leaders in real estate, both in 2013 and 2014. Bruce and Rick discuss his company Ten-X, their sale of commercial real estate, their use of auctions, the residential and commercial markets, his view of the national housing picture, relative return, the Japanese and Chinese markets, and much, much more on this week's Norris Group real estate radio show and podcast.

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Friday, January 15, 2016

Jim Fetgatter of AFIRE Joins Bruce Norris on the Real Estate Radio Show #469

Bruce Norris is joined this week by Jim Fetgatter. He is the chief executive of the Association of Foreign Investors in Real Estate, an organization known as AFIRE. He assumed this position in 1992. Before joining AFIRE, he spent 15 years in the real estate industry with the last five being spent in Dutch and British property companies, both in Washington, D.C. He served as an officer in the U.S. Navy and holds a B.S. from Oklahoma State University and an MBA from Harvard Business School. Bruce and Jim discuss his organization, the Association of Foreign Investors in Real Estate, institutional investors, the world's most stable and secure markets, the three main types of properties in the market, the FIRPTA tax on foreign investors, the impact of foreign investors, the biggest threat to a real estate downturn, the Japanese and Chinese markets, and much, much more on this week's Norris Group real estate radio show and podcast.

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Friday, January 8, 2016

Aaron Norris of The Norris Group Joins Bruce Norris on the Real Estate Radio Show #468

Bruce Norris is joined this week by his son Aaron Norris. Aaron is the vice president of the Norris Group, in charge of marketing and creating award-winning products. Bruce and Aaron discuss their market timing reports, the transferal of their materials to digital, the creation of the quadrant system, the Norris Group's social media content, investor discounts, and much, much more on this week's Norris Group real estate radio show and podcast.

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Friday, January 1, 2016

The Norris Group's Craig Hill Joins Bruce Norris on the Real Estate Radio Show #467

Bruce Norris is joined this week by Craig Hill. Craig has been with the Norris Group for almost 20 years. He is active as the underwriter, salesperson, and money raiser for the company. You might say he wears a lot of hats. Bruce and Craig discuss the hard money loan business, how Craig got his start here, the misconception of the risk of loaning to an investor, credit vs. liquidity, the Norris Group 6.9% and 8.9% loan program, and much, much more on this week's Norris Group real estate radio show and podcast.

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Wednesday, December 23, 2015

Mark Dowling and Paul Herrera of IVAR Join Bruce Norris on the Norris Group Real Estate Radio Show #466

Bruce Norris is joined again this week by Mark Dowling and Paul Herrera. Mark Dowling has more than 20 years of experience in real estate and community development. He serves as the Chief Executive Officer for the non-profit Inland Valleys Association of Realtors. With more than 4,000 members, IVAR is one of the largest realtor associations in California. At its core IVAR provides a variety of support services that helps its members be more competitive in a real estate marketplace. Key services include realtor education and training, government affairs advocacy, multiple listing services, and professional standards mediation. Paul Herrera serves as an advocate for realtors and their clients on local issues, helping to preserve and protect property rights and the value of homeownership. He works with colleagues at the California Association of Realtors and the National Association of Realtors. Paul helps members make a difference for their clients at the local, state, and federal levels. Bruce, Mark, and Paul discuss GSE-backed lenders, the cost for doing home renovations, loan structure and amortizing payments, IVAR's work with Renovate America, the non-payment process, HERO loans, FHA changes regarding lien positions, surprises for 2015, and much, much more on this week's Norris Group real estate radio show and podcast.

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Friday, December 18, 2015

Mark Dowling and Paul Herrera of IVAR Join Bruce Norris on the Norris Group Real Estate Radio Show #465

Bruce Norris is joined this week by Mark Dowling and Paul Herrera. Mark Dowling has more than 20 years of experience in real estate and community development. He serves as the Chief Executive Officer for the non-profit Inland Valleys Association of Realtors. With more than 4,000 members, IVAR is one of the largest realtor associations in California. At its core IVAR provides a variety of support services that helps its members be more competitive in a real estate marketplace. Key services include realtor education and training, government affairs advocacy, multiple listing services, and professional standards mediation. Paul Herrera serves as an advocate for realtors and their clients on local issues, helping to preserve and protect property rights and the value of homeownership. He works with colleagues at the California Association of Realtors and the National Association of Realtors. Paul helps members make a difference for their clients at the local, state, and federal levels. Bruce, Mark, and Paul discuss primarily the PACE and HERO programs, energy savings, property values, how contractors make their services available for the programs, loans taking the place of firsts, and much, much more on this week's Norris Group real estate radio show and podcast.

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Friday, December 11, 2015

Ted Boecker of RE/MAX Joins Bruce Norris on the Norris Group Real Estate Radio Show #464

Bruce Norris is joined this week by Ted Boecker. Ted is the owner and broker of Re/MAX Results in Moreno Valley, a company started in 1989. He has a lot of experience in real estate and has trained and led 35 of Southern California’s highest producing real estate brokers and agents to close deals quickly and efficiently for a variety of clients in commercial, residential, and multifamily real estate. Nationwide Home Loans, Inc. Re/MAX Results escrow divisions are associated companies. Before opening Re/MAX Results, he has been a lawyer, homebuilder, and contractor. Bruce and Ted discuss the market when Ted got involved, policy changes in the last 8 years, land contracts, the risk factors for lenders, seller motivations in the past compared to today, the requirements for a good agent and if they are the same, interest rates, the number of young adults owning real estate, and much, much more on this week's Norris Group real estate radio show and podcast.

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Friday, December 4, 2015

I Survived Real Estate 2015 Part 7 #463

On Friday, October 16, the Norris Group proudly presents its 8th annual award-winning black-tie event I Survived Real Estate. An incredible lineup of industry experts will join Bruce Norris to discuss perplexing industry trends, head-scratching legislation, and opportunities emerging for real estate professionals. Proceeds from the event benefit Make a Wish and St. Jude Children’s Research Hospital. This event could not have been possible without the generous help of the following platinum partners: HousingWire, PropertyRadar, the Apartment Owners Association, the San Diego Creative Real Estate Investors Association, San Jose Real Estate Investors Association, InvestClub for Women, MVT Productions, First Lending Solutions, and White House Catering. For event information, visit isurvivedrealestate.com.

This week’s radio show is the final part from the I Survived Real Estate event. Today, Bruce wraps up his discussion with Eileen Reynolds, Leslie Appleton-Young, and Sean O’Toole, Doug Duncan, and David Kittle. Together, they all discuss the forthcoming of the 3d printer, the building industry, hmda data, TRID, what they would like to see happen in 2016, and much, much more on this week's Norris Group real estate radio show and podcast.

The Norris Group would like to thank its gold sponsors for supporting I Survived Real Estate: Adrenaline Athletics, Coachella Valley Real Estate Investors Association, Coldwell Banker Town and Country, Elite Auctions, iMortgage, In a Day Development, Inland Valley Association of Realtors, Jennifer Buys Houses, Keller Williams Corona, Keystone CPA, Kucan and Clarke, Las Brisas Escrow, LA SouthReia, Leivas Tax Wealth Management, NationalREIA, Northern California Real Estate Investors Association, North San Diego Real Estate Investors, Pasadena FIBI, Pilot Limousine, Orange County FIBI, Real Wealth Network, Realty411 Magazine, Resonant Lens Photography, Rick and LeeAnne Rossiter, Sacramento Real Estate Club - Capital City Wealth Builders, Southern California Chapter of the Appraisal Institute, Sonoca Corporation, Spinnaker Loans, Tri-Counties Association of Realtors, uDirect IRA Services, Westin South Coast Plaza, and Wilson Investment Properties, Inc.

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Wednesday, November 25, 2015

I Survived Real Estate 2015 Part 6 #462

On Friday, October 16, the Norris Group proudly presents its 8th annual award-winning black-tie event I Survived Real Estate. An incredible lineup of industry experts will join Bruce Norris to discuss perplexing industry trends, head-scratching legislation, and opportunities emerging for real estate professionals. Proceeds from the event benefit Make a Wish and St. Jude Children’s Research Hospital. This event could not have been possible without the generous help of the following platinum partners: HousingWire, PropertyRadar, the Apartment Owners Association, the San Diego Creative Real Estate Investors Association, San Jose Real Estate Investors Association, InvestClub for Women, MVT Productions, First Lending Solutions, and White House Catering. For event information, visit isurvivedrealestate.com.

On this week’s radio show, Bruce continues his discussion with Eileen Reynolds, Leslie Appleton-Young, and Sean O’Toole, Doug Duncan, and David Kittle. Together, they all discuss split roll property taxes, the 1031 exchange, mortgage interest deductions and how realtors handle this, housing policy objectives, gentrification and where it is occurring, workforce housing, the lack of inventory in this economy, and much, much more on this week's Norris Group real estate radio show and podcast.

The Norris Group would like to thank its gold sponsors for supporting I Survived Real Estate: Adrenaline Athletics, Coachella Valley Real Estate Investors Association, Coldwell Banker Town and Country, Elite Auctions, iMortgage, In a Day Development, Inland Valley Association of Realtors, Jennifer Buys Houses, Keller Williams Corona, Keystone CPA, Kucan and Clarke, Las Brisas Escrow, LA SouthReia, Leivas Tax Wealth Management, NationalREIA, Northern California Real Estate Investors Association, North San Diego Real Estate Investors, Pasadena FIBI, Pilot Limousine, Orange County FIBI, Real Wealth Network, Realty411 Magazine, Resonant Lens Photography, Rick and LeeAnne Rossiter, Sacramento Real Estate Club - Capital City Wealth Builders, Southern California Chapter of the Appraisal Institute, Sonoca Corporation, Spinnaker Loans, Tri-Counties Association of Realtors, uDirect IRA Services, Westin South Coast Plaza, and Wilson Investment Properties, Inc.

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Friday, November 20, 2015

I Survived Real Estate 2015 Part 5 #461

On Friday, October 16, the Norris Group proudly presents its 8th annual award-winning black-tie event I Survived Real Estate. An incredible lineup of industry experts will join Bruce Norris to discuss perplexing industry trends, head-scratching legislation, and opportunities emerging for real estate professionals. Proceeds from the event benefit Make a Wish and St. Jude Children’s Research Hospital. This event could not have been possible without the generous help of the following platinum partners: HousingWire, PropertyRadar, the Apartment Owners Association, the San Diego Creative Real Estate Investors Association, San Jose Real Estate Investors Association, InvestClub for Women, MVT Productions, First Lending Solutions, and White House Catering. For event information, visit isurvivedrealestate.com.

On this week’s radio show, On this week’s radio show, Bruce continues his discussion with Eileen Reynolds, Leslie Appleton-Young, and Sean O’Toole as well as bringing back up Doug Duncan and David Kittle. Together, they all discuss making housing affordable, land zoning, the current state of our economy and whether we are still in a bubble/recession, the current state of equities and equity lines, healthcare costs, and much, much more on this week's Norris Group real estate radio show and podcast.

The Norris Group would like to thank its gold sponsors for supporting I Survived Real Estate: Adrenaline Athletics, Coachella Valley Real Estate Investors Association, Coldwell Banker Town and Country, Elite Auctions, iMortgage, In a Day Development, Inland Valley Association of Realtors, Jennifer Buys Houses, Keller Williams Corona, Keystone CPA, Kucan and Clarke, Las Brisas Escrow, LA SouthReia, Leivas Tax Wealth Management, NationalREIA, Northern California Real Estate Investors Association, North San Diego Real Estate Investors, Pasadena FIBI, Pilot Limousine, Orange County FIBI, Real Wealth Network, Realty411 Magazine, Resonant Lens Photography, Rick and LeeAnne Rossiter, Sacramento Real Estate Club - Capital City Wealth Builders, Southern California Chapter of the Appraisal Institute, Sonoca Corporation, Spinnaker Loans, Tri-Counties Association of Realtors, uDirect IRA Services, Westin South Coast Plaza, and Wilson Investment Properties, Inc.

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Friday, November 13, 2015

I Survived Real Estate 2015 Part 4 #460

On Friday, October 16, the Norris Group proudly presents its 8th annual award-winning black-tie event I Survived Real Estate. An incredible lineup of industry experts will join Bruce Norris to discuss perplexing industry trends, head-scratching legislation, and opportunities emerging for real estate professionals. Proceeds from the event benefit Make a Wish and St. Jude Children’s Research Hospital. This event could not have been possible without the generous help of the following platinum partners: HousingWire, PropertyRadar, the Apartment Owners Association, the San Diego Creative Real Estate Investors Association, San Jose Real Estate Investors Association, InvestClub for Women, MVT Productions, First Lending Solutions, and White House Catering. For event information, visit isurvivedrealestate.com.

On this week’s radio show, Bruce wraps up his discussion with David Kittle and Doug Duncan as well as brings up his next guests. Together, they all discuss loan products and policies in the mortgage world, credit conditions, the big banks' worries about repurchasing, Sean's revolution he made to the foreclosure business, the changes in access to information, the changes in the buyer makeup and household formation, the environmental sector and energy efficient homes, and much, much more on this week's Norris Group real estate radio show and podcast.

The Norris Group would like to thank its gold sponsors for supporting I Survived Real Estate: Adrenaline Athletics, Coachella Valley Real Estate Investors Association, Coldwell Banker Town and Country, Elite Auctions, iMortgage, In a Day Development, Inland Valley Association of Realtors, Jennifer Buys Houses, Keller Williams Corona, Keystone CPA, Kucan and Clarke, Las Brisas Escrow, LA SouthReia, Leivas Tax Wealth Management, NationalREIA, Northern California Real Estate Investors Association, North San Diego Real Estate Investors, Pasadena FIBI, Pilot Limousine, Orange County FIBI, Real Wealth Network, Realty411 Magazine, Resonant Lens Photography, Rick and LeeAnne Rossiter, Sacramento Real Estate Club - Capital City Wealth Builders, Southern California Chapter of the Appraisal Institute, Sonoca Corporation, Spinnaker Loans, Tri-Counties Association of Realtors, uDirect IRA Services, Westin South Coast Plaza, and Wilson Investment Properties, Inc.

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Friday, November 6, 2015

I Survived Real Estate 2015 Part 3 #459

On Friday, October 16, the Norris Group proudly presents its 8th annual award-winning black-tie event I Survived Real Estate. An incredible lineup of industry experts will join Bruce Norris to discuss perplexing industry trends, head-scratching legislation, and opportunities emerging for real estate professionals. Proceeds from the event benefit Make a Wish and St. Jude Children’s Research Hospital. This event could not have been possible without the generous help of the following platinum partners: HousingWire, PropertyRadar, the Apartment Owners Association, the San Diego Creative Real Estate Investors Association, San Jose Real Estate Investors Association, InvestClub for Women, MVT Productions, First Lending Solutions, and White House Catering. For event information, visit isurvivedrealestate.com.

In this week's segment, Bruce continues his discussion with Doug Duncan of Fannie Mae and David Kittle of First American Mortgage Solutions. Together, they continue their discussion on the millennial generation, our current numbers for unemployment and the ten-year T-Bill, the workforce structure, wage rates, the national price and where it stands in relation to the peak, interest rate behavior, bulk note sales, and much, much more on this week's Norris Group real estate radio show and podcast.

The Norris Group would like to thank its gold sponsors for supporting I Survived Real Estate: Adrenaline Athletics, Coachella Valley Real Estate Investors Association, Coldwell Banker Town and Country, Elite Auctions, iMortgage, In a Day Development, Inland Valley Association of Realtors, Jennifer Buys Houses, Keller Williams Corona, Keystone CPA, Kucan and Clarke, Las Brisas Escrow, LA SouthReia, Leivas Tax Wealth Management, NationalREIA, Northern California Real Estate Investors Association, North San Diego Real Estate Investors, Pasadena FIBI, Pilot Limousine, Orange County FIBI, Real Wealth Network, Realty411 Magazine, Resonant Lens Photography, Rick and LeeAnne Rossiter, Sacramento Real Estate Club - Capital City Wealth Builders, Southern California Chapter of the Appraisal Institute, Sonoca Corporation, Spinnaker Loans, Tri-Counties Association of Realtors, uDirect IRA Services, Westin South Coast Plaza, and Wilson Investment Properties, Inc.

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Friday, October 30, 2015

I Survived Real Estate 2015 Part 2 #458

On Friday, October 16, the Norris Group proudly presents its 8th annual award-winning black-tie event I Survived Real Estate. An incredible lineup of industry experts will join Bruce Norris to discuss perplexing industry trends, head-scratching legislation, and opportunities emerging for real estate professionals. Proceeds from the event benefit Make a Wish and St. Jude Children’s Research Hospital. This event could not have been possible without the generous help of the following platinum partners: HousingWire, PropertyRadar, the Apartment Owners Association, the San Diego Creative Real Estate Investors Association, San Jose Real Estate Investors Association, InvestClub for Women, MVT Productions, First Lending Solutions, and White House Catering. For event information, visit isurvivedrealestate.com.

This week's segment begins with Bruce Norris presenting this year's Rohny award to Ward Hanigan. Bruce shared Ward's life story and the impact he had on so many through his teachings. After presenting the award, Bruce discusses reverse and undue stimulus, using a house that went through several different price changes over the years as an example. Next, he brings up the first two panelists at the event, David Kittle and Doug Duncan. David Kittle Senior Vice President of Federal Solutions for First American Mortgage Solutions, specializing in risk mitigation and analytics. Doug Duncan is Fannie Mae’s Chief Economist and Vice President. Together, they discuss the state of the market and if we have moved from a vindictive state to a constructive one as well as the increase in costs, the time it takes to close a loan, the house discussed earlier and its price journey, and the majority of millennials living at home on this week's Norris Group real estate radio show and podcast.

The Norris Group would like to thank its gold sponsors for supporting I Survived Real Estate: Adrenaline Athletics, Coachella Valley Real Estate Investors Association, Coldwell Banker Town and Country, Elite Auctions, iMortgage, In a Day Development, Inland Valley Association of Realtors, Jennifer Buys Houses, Keller Williams Corona, Keystone CPA, Kucan and Clarke, Las Brisas Escrow, LA SouthReia, Leivas Tax Wealth Management, NationalREIA, Northern California Real Estate Investors Association, North San Diego Real Estate Investors, Pasadena FIBI, Pilot Limousine, Orange County FIBI, Real Wealth Network, Realty411 Magazine, Resonant Lens Photography, Rick and LeeAnne Rossiter, Sacramento Real Estate Club - Capital City Wealth Builders, Southern California Chapter of the Appraisal Institute, Sonoca Corporation, Spinnaker Loans, Tri-Counties Association of Realtors, uDirect IRA Services, Westin South Coast Plaza, and Wilson Investment Properties, Inc.

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