Bruce Norris is joined this week by William E. Brown. Bill is a realtor from Alamo, California and is the 2017 president of the National Association of Realtors. NAR is the voice of real estate and America’s largest trade organization, representing over 1 million realtors involved in all aspects of residential and commercial real estate industries. In 2013, Bill served as NAR’s vice president; and prior to that he has served in many other capacities and received many awards during the past 35 years. He is a second-generation realtor who has been active in organized real estate for more than 35 years. He is the founder of Oakland Based Investment Properties, a division of family real estate business founded in 1964 by his dad William H. Brown. Here, they focus on the sale of existing apartment buildings to both institutional and private capital investors.
Bruce and Bill discuss how he got involved in the real estate industry, the current cap rate, the cities in which he and his brother are investing, the definition of a bubble and whether it could happen with rentals, the common denominator between raising rents and interest rates, how the realtor world has changed in the last 5 years, Zillow and whether realtors view them as a competitor or potential partner, and 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: First Lending Solutions, Guaranteed Rate and Nathan Chabolla, In A Day Development, Inland Valley Association of Realtors, Jennifer Buys Houses, Keller Williams Corona, Keystone CPA, LA South REIA, Michael Ryan, New Western, North San Diego Real Estate Investors, Northern California Real Estate Investors Association, Orange County Investment Club, Pacific Premiere Bank, Pasadena FIBI, Pilot Limousine, RealWealth Network, Rick and LeeAnne Rossiter, the San Jose Real Estate Investors Association, San Francisco Bay Real Estate Networking Summit, Sonoca Corporation, South Orange County Real Estate Club, Spinnaker Loans, Think Realty, uDirect IRA Services, Westin South Coast Plaza, Wilson Investment Properties, Inc. See www.isurvivedrealestate.com for event information.