Gary Watts Joins Bruce Norris on the Real Estate Radio Show #385

Bruce Norris is joined again this week by Gary Watts. Gary is the broker and owner of Impact Real Estate. This is a private real estate company that provides consulting services to not only buyers, sellers, and investors, but also to companies affiliated with the real estate industry in California. Gary is a well-known real estate economist who began his career in 1971. Today, he and his company are called upon to advise the home industry of economic trends that will affect and effect their future impact on real estate. He also manages investment properties that they acquire for their investors. Bruce and Gary discuss the increase in rental properties as opposed to homeownership, hedge funds, real estate trends, the real estate market in Orange County compared to the Inland Empire, the concern over shadow inventory, the real estate cycle, important charts to view when looking at the economy, the percentage of homeowners accelerating their loan payment, and much, much more on this week's real estate radio show and podcast.




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Gary Watts Joins Bruce Norris on the Real Estate Radio Show #384

Bruce Norris is joined this week by Gary Watts.  Gary is the broker and owner of Impact Real Estate.  This is a private real estate company that provides consulting services to not only buyers, sellers, and investors, but also to companies affiliated with the real estate industry in California.  Gary is a well-known real estate economist who began his career in 1971.  Today, he and his company are called upon to advise the home industry of economic trends that will affect and effect their future impact on real estate.  He also manages investment properties that they acquire for their investors. Bruce and Gary discuss the years when real estate was something other than residence, the beginning of monitoring interest rates, sales requiring loan originations in the 1980s, sub-prime loans, the Great Depression of the real estate industry, foreclosures and trustee sales, government involvement in the appraisal business, the advantage of charts, and much, much more on this week's real estate radio show and podcast.

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John Husing Joins Bruce Norris on the Real Estate Radio Show #383

Bruce Norris is joined again this week by Dr. John Husing. Dr. Husing is the leading authority on the Inland Empire’s economy, an area he has been studying since he wrote his doctoral thesis on the region in the 1960s. His influence on the business and political landscape has been so extensive that the Los Angeles Times named him one of the 100 most powerful people in Southern California in 2006. He is a writer of the Quarterly Economic Report, an economic newsletter now in its 20th year. His company, Economics and Politics, Inc. provides consulting services for municipalities and counties with economic strategies, statistical data packages, recommendations for public policy and briefing presentations to businesses and political leaders about the nature, growth, and economic trends of Southern California. Dr. Husing’s website includes copies of his newsletter, PowerPoint presentations of various speeches, and photographic glimpses of his exotic travel adventures. Bruce and John discuss the nature of this generation living at home, migration, the psychological side of charts, the lack of supply, the difference between rentals and owner-occupied homes, the change in education, and much, much more on this week's real estate radio show and podcast.

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John Husing Joins Bruce Norris on the Real Estate Radio Show #382

Bruce Norris is joined this week by Dr. John Husing. Dr. Husing is the leading authority on the Inland Empire’s economy, and he has been studying since he wrote his doctoral thesis on the region in the 1960s. His influence on the business and political landscape has been so extensive that the Los Angeles Times named him one of the 100 most powerful people in Southern California in 2006. He is a writer of the Quarterly Economic Report, an economic newsletter now in its 20th year. His company, Economics and Politics, Inc. provides consulting services for municipalities and counties with economic strategies, statistical data packages, recommendations for public policy and briefing presentations to businesses and political leaders about the nature, growth, and economic trends of Southern California. Dr. Husing’s website includes copies of his newsletter, powerpoint presentations of various speeches, and photographic glimpses of his exotic travel adventures. Bruce and John discuss his adventure stories outside of real estate, his study of the inland empire, his progression of a city and county, the increase in commuters, the economical differences between the IE and Orange County, housing permits in 2013, the healing of the economy and its psychological aspects, the number of senior citizens downsizing their homes, and much, much more on this week's real estate radio show and podcast.

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Mike O'Neill of O'Neill Property Management Joins Bruce Norris on the Real Estate Radio Show #381

Bruce Norris is joined this week by Mike O’Neill. Mike is the CPM and broker/owner of O’Neill Property Management. Bruce and Mike discuss his time in the property management business, his staff and how they stand out from other businesses, trends in the rental arena, the ease as a buyer of renting a house or condo, his method for advertising and how it has changed over the years, reselling, California laws in regards to the tenant, and much, much more on this week's real estate radio show and podcast.

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Tony Alvarez and Mike Cantu Join Bruce Norris on the Real Estate Radio Show #380

Bruce Norris is joined again this week by Mike Cantu and Tony Alvarez. Mike is a real estate entrepreneur, property manager, wholesaler, builder, teacher, and mentor who has purchased a huge number of homes at a discount from people he talks to over the phone and rarely meets. Tony is a real estate entrepreneur, property manager, teacher, and mentor who mostly buys properties by creating relationships with agents who control a lot of inventory. Bruce, Tony, and Mike discuss their motivations for joining real estate, what determined one's success, the "how much is enough" rule, Bruce's and Tony's experiences in teaching their different assistants real estate, the upcoming Millionaire Maker, and much, much more on this week's real estate radio show and podcast.

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Mike Cantu and Tony Alvarez Join Bruce Norris on the Real Estate Radio Show #379

Bruce Norris is joined this week by real estate entrepreneur, property manager, wholesaler, builder, teacher and mentor Mike Cantu.He has purchased a huge number of homes at a discount from people he talks to over the phone and rarely meets. Also on today’s show is Tony Alvarez, who is a real estate entrepreneur, property manager, teacher, and mentor who mostly buys properties by creating relationships with agents who control lots of inventory. Bruce, Tony, and Mike discuss what got them started in real estate, the turning points in their lives, the boxes in life people build and how this affects their lives, the past Millionaire Maker and what stood out, the upcoming Millionaire Maker, and much, much more on this week's real estate radio show and podcast.

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John Bohannon of Build Zig Joins Bruce Norris on the Real Estate Radio Show #378

Bruce Norris is joined again this week by John Bohannon. He is co-owner of a company called Build Zig, and they are in the builder control business among other things. They take projects from the very beginning all the way to the very end, and they even get involved once in a while with being an expert witness in court. Bruce and John discuss city inspections, title, the mechanics lien law, the four types of lien releases, the purpose of joint checks and direct payments, completion bonds, SB 978, and much, much more on this week's real estate radio show and podcast.

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John Bohannon of Build Zig Joins Bruce Norris on the Real Estate Radio Show #377

Bruce Norris is joined this week by John Bohannon.He is one of the partners in Buildzig, and he has a lot of experience in the builder control industry. He is on the company called Builder Control Inc, a funds disbursement company that has evaluated and inspected thousands of construction projects from single-family to large subdivisions to commercial. John is a great person to talk to since we are in the phase where it looks like we will have more new construction. Bruce and John discuss his predictions for 2014, deals on raw land, construction, John's services he offers at Buildzig, funds control, SB 978, and much, much more on this week's real estate radio show and podcast.

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Beth Peerce of NAR Joins Bruce Norris on the Real Estate Radio Show #376

Bruce Norris is joined again this week by Beth Peerce.  Beth is the vice-president of the National Association of Realtors.  She is also the broker/owner of Primetime Properties in Century City, California and has been a broker for over 35 years.  In addition, she has won several awards for being the realtor of the year in California. Bruce and Beth discuss interest rates and how they have changed, the difference between renting and homeownership, loan guarantees, the number of transactions completed in a year, the position of the NAR and its impact on Dodd-Frank, QM and QRMs, the CFPB, and much, much more on this week's real estate radio show and podcast.

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Beth Peerce of NAR Joins Bruce Norris on the Real Estate Radio Show #375

Bruce Norris is joined this week by Beth Peerce. Beth has been a realtor for more than 35 years and is the broker/owner of Primetime Properties in Century City, California. She is currently the vice-president for the National Association of Realtors. She was elected honorary director for life in 2006 and Realtor of the Year for California in 2012. She comes from a background where her family was in real estate as well. Bruce and Beth discuss Prop 13, the real estate business in regards to volume of sales, the affordability index, factors standing in the way of a true recovery, new home construction, Dodd-Frank, and much more on this week's real estate radio show and podcast.

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Selma Hepp of CAR Joins Bruce Norris on the Real Estate Radio Show #374

Bruce Norris is joined again this week by Selma Hepp. Selma is the senior economist for the California Association of Realtors, a statewide trade organization with more than 100,000 members dedicated to the advancement of professionalism in real estate. Selma directs the activities of the association’s research and economics group. She oversees the research and analysis of housing markets and economic trends, member and consumer surveys, and the impact of real estate related regulatory and legislative policies. She earned her Masters degree from SUNY in Buffalo and a PhD from the University of Maryland. Bruce and Selma discuss immigration, household formation, affordability and percentage points, first-time home buyers, the amount of single people who now own households, the demand brought in by the 2009 tax credit, default rates, and much more on this week's real estate radio show and podcast.

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Selma Hepp of CAR Joins Bruce Norris on the Real Estate Radio Show #373

Bruce Norris is joined again this week by Selma Hepp. Selma is the senior economist for the California Association of Realtors, a statewide trade organization with more than 100,000 members dedicated to the advancement of professionalism in real estate. Selma directs the activities of the association’s research and economics group. She oversees the research and analysis of housing markets and economic trends, member and consumer surveys, and the impact of real estate related regulatory and legislative policies. She earned her Masters degree from SUNY in Buffalo and a PhD from the University of Maryland. Bruce and Selma discuss immigration, the lending requirements that went into effect in January, the hedge funds in 2012 and 2013, the percentage of the market going to foreign investors, legislation passed in 2013 that could pose concerns, debt forgiveness, and much more on this week's real estate radio show and podcast.

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Amanda Han and Matt MacFarland of Keystone CPA Join Bruce Norris on the Real Estate Radio Show #372

Bruce Norris is joined again this week by Matt MacFarland and Amanda Han. They are owners of Keystone CPA in Orange County, voted one of the top 100 CPA firms. Bruce has had the privilege of speaking with them in front of at least 4 or 5 audiences. Bruce has always learned something from them since they have an expertise in real estate and in their own business now for seven years. Bruce was pleased to speak with them since they saved him money and he has learned something from them every time he has heard them. Bruce, Amanda, and Matt discuss contributions to retirement accounts, ROTH and SEP IRAs, reducing taxable income, recapturing, flipping properties and how this saves money, fixable income as active income, short sales, and much, much more on this week's real estate radio show and podcast.

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Amanda Han and Matt MacFarland of Keystone CPA Join Bruce Norris on the Real Estate Radio Show #371

Bruce Norris is joined this week by Matt MacFarland and Amanda Han.  They are owners of Keystone CPA in Orange County, voted one of the top 100 CPA firms.  Bruce has had the privilege of speaking with them in front of at least 4 or 5 audiences.  Bruce has always learned something from them since they have an expertise in real estate.  They have been in their own business now for seven years.  Bruce was pleased to speak with them since they saved him money and he has learned something every time he has heard them. Bruce, Amanda, and Matt discuss tax strategies, retirement accounts set up before the end of the year, 401ks and other benefit plans, IRS audits and the increase in audits, the open period between your return and audit, penalties for federal and California filings, changes to tax laws in 2013, the statutory rate in California, and much, much more on this week's real estate radio show and podcast.

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