All Forum Posts by: Amit Urban

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Are you looking for an unique approach to differentiate yourself from other reatlors? If you currently work with income property owners and/or own rental investmnets yourself, you have to pay attention to our topic!

LUNCH WILL BE PROVIDED, SO COME ENJOY THE FOOD & LEARN FOR FREE!

Topics Covered

• How realtors can generate more rental property listings by utilizing FGG1031 resources
• What marketing support can realtors get from FGG1031
• Why many investors in Bay Area are selling their properties to lock the gains at peak prices and invest outside CA
• How is 1031 Exchange is being used by wealthy investors to accumulate wealth and ultimately avoid capital gains taxes
• Avoiding mistakes that can result in unnecessary tax consequences
• How to find real estate options that can deliver significant cash flow

Many rental property homeowners face a common problem—having trapped equity locked in appreciated real estate. Bay Area property owners may only be earning 1-2% annually on equity of their rental properties.

To seek an opportunity for potentially higher tax-sheltered and hassle-free passive income, Bay Area rental property owners are selling at peak prices and re-investing their appreciated equity. By utilizing a 1031 tax-deferred exchange, one of today’s popular wealth-building tools, you can help unlock trapped equity in your client's real estate rental properties to enjoy greater stable income and build long-term retirement assets for them and their family.

Join our seminar and learn how to help rental property owners convert trapped equity into higher tax sheltered income. We will talk about common problems that property owners face in the Bay Area as well as solutions that can potentially generate 3-4X more cash flow.

First Guardian Group (FGG) has worked with over 5,000 1031 Exchange investors over the past 15 years. We provide management services and investment options to investors seeking 1031 Exchange replacement properties. We also have access to a qualified team of specialists who can assist investors with low cost Qualified Intermediary services, tax accounting, and legal matters. We offer a wide inventory of replacement property options nationwide including NNN, multifamily, storage, commercial, and retail.

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Silicon Valley, San Jose, Sunnyvale, Palo Alto, Los Altos, Santa Clara, San Mateo, Menlo Park, Woodside, San Carlos, Fremont, Bellmont, Cupertino, San Bruno.

Hey @Arjan Amiri,

I don't have a crystal ball, but there are two cycles that I follow: the seasonal cycle and the overall economic cycle. Seasonally, the summer is very slow. Usually, more supply comes onto the market, while many potential buyers are away on vacation. This is an opportunity for buyers that are actively looking.  The overall economic cycle is also showing signs of a slow down, as I discussed before. So given the current market condition, we have been able to negotiate prices below or at list price with contingencies for many of our buyers. This would have been unheard of a year ago. I don't know where the market is heading, but I do see signs of a slow down. How much will the market go down? I don't know.

To better answer your question I would have to understand your objectives. Are you looking for appreciation? Cashflow? Are you looking to buy and hold, or flip the property after 6-months? 

Real estate is a function of the local economy. If the economy is doing well, the real estate market is doing well. I track the SV 150, which is the top 150 publicly traded companies based in Silicon Valley (Apple comprises almost 50% all total revenues!). Compared to last year, many of these companies' sales numbers have shown signs of slowing down and if this continues we'll probably start seeing people losing their jobs, which means people might start missing their mortgage payments, etc. I can't predict the future, but I'm keeping a close eye on the local economy. 

Also, anecdotally, we are seeing less buyers making offers. In the past, we'd see 10+ offers on a house, now we are seeing much less. Again, this depends on which pockets within the Silicon Valley - some areas are hotter than others.

I do agree with @Chris Mason , I don't think we'll see a meltdown of the market like we did in 2007. But I do think we are entering a period of an economic slowdown. 

Hi John,

The SF Bay Area is a great market. I'm currently working in the South Bay (Palo Alto, Los Altos, Mountain View, Sunnyvale, etc.) doing brokerage and some development. Things are becoming expensive for investors/flippers, but there are good opportunities for agents. I do believe that we are approaching the end of this current cycle, which may present some opportunities for investors in the future. Anyway, let me know if you have any specific questions.

-Amit

Hi - can anyone recommend a good, trustworthy agent in the area. Looking to invest in single family and multi-family properties in Houston.

At this stage, I would just like to understand the market better and the opportunities.

Regards,

Amit

Hi everyone, 

I'm looking to speak with small Bay Area developers specializing in multi-family projects. I have a project in downtown Palo Alto which presents an excellent opportunity to demolish the existing building and rebuild a 4+ multi-unit residential building. 

The location is superb, only one block from University Ave.

Any information would be helpful!

Thanks,

Amit