Accessory Dwelling Unit Appraisals With Brent Johnson #693

Aaron Norris is joined this week by Brent Johnson. He is a residential accredited appraiser, mortgage valuation for CIT Bank. The bank serves several different markets in Southern California, which we'll talk about. He does government relations for the San Diego chapter of the Appraisal Institute and has over 40 years of experience. He was on the panel in San Diego when we did Yes In My Backyard talking about accessory dwelling units, and thank you very much for adding so much interesting flavor about one of the biggest issues right now in California, which are appraisals. 

Aaron and Brent will discuss ADUs, the appraisal process for them, when he first began working with them, the SRA designation, CIT's protocol for ADUs, the standard way realtors and appraisers are identifying them in the MLS, the AMC structure, and much more on the real estate radio show and video.   

The Norris Group originates and services loans in California and Florida under California DRE License 01219911, Florida Mortgage Lender License 1577, and NMLS License 1623669.  For more information on hard money lending, go www.thenorrisgroup.com and click the Hard Money tab.

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Bruce Norris Joins Greg Norris on the Norris Group Real Estate Radio Show #548

Bruce Norris is joined again this week by his oldest son Greg Norris. Greg has really taken over the buy/sell business for the last twelve years.

Bruce and Greg discuss the warning signs of a bad contractor, his recommendations for someone wanting to be involved in real estate for many years, the properties he prefers to work with and avoids, Florida inventory compared to California, the issue of Chinese drywall and sinkholes, the rental value for condos in California, and much more on this week's Norris Group real estate radio show and podcast.

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M. Lance Coyle, President of the Appraisal Institute Joins Bruce Norris on the Real Estate Radio Show #449

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, Wilson Investment Properties, and White House Catering. For event information, visit isurvivedrealestate.com.

Bruce Norris is joined this week by M. Lance Coyle. Mr. Coyle is the 2015 president of the Appraisal Institute. He will serve as immediate past president in 2016. He served this year as chair of the organization’s executive committee and chairs its policy setting board of directors. He has been involved in the real estate appraisal industry for 30 years and is a principal of Coyle Realty Advisors, a Dallas based real estate services firm engaged in investment property valuation, analysis research, and an expert in witness testimony and counseling. Bruce and Lance discuss the scope and membership of the Appraisal Institute, everything involved with the appraisal industry, changes in the appraisal process compared to ten years ago, market value, time valuation, de Minimis, collateral underwriting and its effect on the appraisal world, 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, IRA Services Trust Company, Jennifer Buys Houses, Keller Williams Corona, Keystone CPA, Las Brisas Escrow, LA SouthReia, Leivas Tax Wealth Management, New Western Acquisition, North California Real Estate Investors Association, North San Diego Real Estate Investors, Pilot Limousine, Orange County FIBI, Real Wealth Network, Realty411 Magazine, Rick and LeeAnne Rossiter, Southern California Chapter of the Appraisal Institute, Sonoca Corporation, Spinnaker Loans, Tri-Counties Association of Realtors, uDirect IRA Services, Westin South Coast Plaza, FIBI Pasadena, and Scott Whaley.

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Appraiser/Investor Rick Solis Joins Bruce Norris on the Real Estate Radio Show #421

Bruce Norris is joined again this week by Rick Solis. Rick is a fellow investor, property manager, property finder, and a good teacher. Bruce and Rick discuss how he got his start in appraisals and financing, the appraisal world and how it has changed, concerns this has caused, values of properties in 2014, inventory and its effect on the softness of price, hedge funds and their influence in the area, and much, much more on this week's Norris Group real estate radio show and podcast.

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Ken Wilson of the Appraisal Institute Joins Bruce Norris on the Real Estate Radio Show #398

Bruce Norris is joined this week by Ken Wilson. Ken is the 2014 president of the Appraisal Institute. He has helped many other offices in that organization and has been involved in the real estate appraisal profession for more than 35 years following a 12-year career with two national appraisal firms. He started his own valuation and consultant firm in Dallas named Wilson Realty Advisors. Bruce and Ken discuss everything appraisal related, including the services the Appraisal Institute provides, the process by which properties are appraised, appraisal management companies, the process for selecting an appraiser, the license required to appraise a property, review appraisal designations, and much, much more on this week's real estate radio show and podcast.




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Ken Wilson Joins Bruce Norris on the Real Estate Radio Show #343

Bruce Norris is joined this week by Ken Wilson. Ken is the 213 president-elect of the Appraisal Institute. He was the organization’s vice president in 2012, which means he will serve as president in 2014 and as immediate past president in 2015. He also serves on the organization’s executive committee and on its policy-making board of directors. Ken has been involved in the appraisal industry for more than thirty years. He owns his own business in Dallas, and he has so many roles in the Appraisal Institute and similar organizations. Bruce and Ken discuss the Great Recession, the MAI and SRA designations, challenges are the appraiser looks at, legal and illegal additions added to properties and why it is important to have a professional inspect it, review appraisals, the start of appraisal management companies, how the quality of an appraisal is impacted, the concept of substitution, green improvements in the building industry, and much more on this weeks real estate radio show and podcast.

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Craig Hill Joins Bruce Norris on the Real Estate Radio Show #340

Bruce Norris is joined again this week by Craig Hill. Craig is the underwriter for the Norris Group’s loan programs. He has been with the Norris Group since they opened, and he has been in the hard money loan business for over twenty years. Bruce and Craig discuss the hard money points and fees and the changes made to the programs, loan-to-value, buy and sell, entities in which investors buy properties, credit worthiness, borrower protection, short sales and REOs, the new potential construction lending program for the Norris Group, and much more on this week's real estate radio show and podcast.

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I Survived Real Estate 2012 Part 4 #304

On October 19, 2012, The Norris Group proudly presented I Survived Real Estate 2012.  An expert line-up of industry experts joined Bruce Norris to discuss perplexing industry trends, head-scratching legislation, and the outlook for real estate in the coming year.  Over $77,000 was raised to benefit Make a Wish and St. Jude Children’s Research Hospital. Bruce Norris continues his discussion with Sara Stephens, Gary Thomas, and E.J. Burke.  Bruce discusses with them who owns the appraisal management companies, the term scope crepe and what this meant when Sara testified in front of Congress, the ramifications for someone with an appraisal value lowered, the formula for getting an edge in the appraisal business, the Dodd Frank Act, the types of loans that could be exempt from QRM standards, repurchase issues, debt forgiveness, and more.  To find out more, tune in next week for I Survived Real Estate 2012, part 5.

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I Survived Real Estate 2012 Part 3 #303

On October 19, 2012, The Norris Group proudly presented I Survived Real Estate 2012.  An expert line-up of industry experts joined Bruce Norris to discuss perplexing industry trends, head-scratching legislation, and the outlook for real estate in the coming year.  Over $77,000 was raised to benefit Make a Wish and St. Jude Children’s Research Hospital. Bruce Norris continues his discussion with Mark Palim and Eric Janszen on where we are in the housing market, interest rates, that positives that got us off the bottom of the market, the driving forces behind the improvement in the market, what new policies could be implemented, the significance of QE3, the importance of housing to an economic recovery, and more.  Bruce also introduced Sara Stephens from the Appraisal Institute, Gary Thomas from the National Association of Realtors, and E.J. Burke from Key Bank Real estate Capital.  Bruce discusses with them the appraisal process and appraisal world, mortgage industry rules, the appraisal management company's design to provide a barrier between the appraiser and the rest of the participants, and more.  To find out more, tune in next week for I Survived Real Estate 2012, part 4.

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Steve Silva, Mike Novak-Smith, and Lance Martin Join Bruce Norris on the Real Estate Radio Show #290

Today on the show are three special guests. Lance Martin has been in the real estate business for 24 years as broker/owner of Coldwell Banker Pioneer Real Estate, which serves the Inland Empire. Lance is an expert in residential REO foreclosure sales and owns offices in several Southern California counties.
Mike Novak-Smith is not only one of the largest REO agents in the Inland Empire but also the nation. Mike is in the top 1% of all real estate agents nationwide and is experienced in REO short sales, bankruptcies, asset management, and negotiating. He also specializes in the Inland Empire as well.
Steve Silva owns several businesses including Market Point Realty and Las Brisas Escrow. Steve is an expert in residential REO sales as wells as being a real estate investor. 
Bruce discusses with them the status of appraisers in the current market, cash buyers, the people backed by Wall Street money and if they affect their businesses, the new sense of entitlement in this country, REO listings and short sales, eminent domain, and much more on this week's real estate radio show and podcast.

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Craig Hill with The Norris Group #260

Bruce is joined once again this week by Craig Hill. Craig has been with The Norris Group since its inception in 1995. He has worked with the real estate investors, helping them access money for their deals and trust deed investors who want to get a very safe yield on their money.  Bruce and Craig discuss the borrower side of the loan program, gaining experience in the real estate market, the real estate world at the time Bruce and Craig first met, the hoops and filters of lending, and a lot of facts about lending people are not originally told, and much more on this week's real estate radio show and podcast.
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