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http://multifamilyexecutive.com/land-acquisition/a-dirty-shame.aspx?rssLink=A+Dirty+Shame

FOR IMMEDIATE RELEASE

SAN FRANCISCO, CA — The Real Estate Guys^(TM) radio show announced that renowned real estate experts Ken McElroy and Wayne Palmer will present their views on current opportunities arising from the real estate crisis during The Real Estate Guys 8^th Annual Investor Summit.  The unique event kicks off in New Orleans on April 9^th and continues for seven days during a cruise of the Western Caribbean.

“The real estate market is in a shambles right now,” notes radio show host and summit emcee Robert Helms.  “Recovery isn’t going to happen until buyers return to the market in large numbers.  But most potential buyers are either scared or unqualified under today’s stricter lending guidelines.”

Helms says investors have a major role to play in recovery.  “Banks don’t want to be landlords,” he notes.  He contends that investors are the ideal candidates to step in and buy excess properties.  This helps stem the flood of inventory being dumped on the market, stabilizes prices, and provides a much needed pool of landlords and private capital to manage and improve vacant and dilapidated properties.

Show co-host Russell Gray, adds, “The market needs more investors right now. When the number of owner occupants goes down, it’s obvious we need more landlords. Otherwise, the properties languish with the banks and continue to drag on the economy.”

The two men founded the Investor Summit eight years ago at the beginning of the real estate boom.

“Filling up the ship back then was easy,” states Helms.  “Everyone wanted to be a real estate investor.”  But since the bust, he says many people have fled real estate as an investment vehicle – never to return.

“It’s sad,” says Gray.  “Ironically, now is arguably the best time to be a buyer.  Interest rates are low, prices are reasonable compared to rents, and there’s a big selection; plus there’s not much competition because so many people have left the business.”

For this year’s Summit,The Real Estate Guys have recruited McElroy and Palmer – two of the most respected names in mainstream real estate investing.  Both men are long term industry veterans with proven track records. Each has gained substantial notoriety through their roles as advisors to investor and author of record setting best seller Rich Dad Poor Dad, Robert Kiyosaki.

“We are thrilled to have such experienced and successful investors as our keynote speakers,” says Helms.  “Both of these guys have been through tough markets before.  They know tough times often present the best opportunities.”  Palmer will be teaching many his strategies in workshops at the Summit.

Mr. McElroy began as a residential property manager and today is a principal with MC Companies in Scottsdale, Arizona.  The firm syndicates, builds and manages income properties in three states. They are actively acquiring additional units during the downturn.

“Last year was our best year ever,” according to McElroy, “and 2010 is looking even better.  This is the one of the best markets I’ve ever seen for acquiring income properties.”

Mr. Palmer is a principal of National Note of Utah and began his real estate career in 1976. He has extensive experience in sales, development and is widely regarded as one of the brightest minds in creative real estate financing.

“They say necessity is the mother of invention,” comments Palmer. “Back in the early 80′s when interest rates were sky high, you had to be creative or you didn’t survive. Even though today’s rates are low, financing is still hard to get – so creativity has once again become a necessity.”

Also joining the Summit faculty is attorney Garrett Sutton, who specializes in asset protection and syndication strategies for real estate investors. He is a best selling author in his own right and along with McElroy and Palmer is a “Rich Dad Advisor” to Robert Kiyosaki. All three are contributing authors to one of Kiyosaki’s latest releases, The REAL Book of Real Estate.

“In spite of the current short term uncertainty, most people expect real estate to be worth more in 20 years,” observes Gray. “The big question is when, where and how to take advantage. That’s where experience is invaluable.  These guys have that experience.”

“People are scared right now and rightfully so,” says Helms. “The job market still stinks. The deficits are huge. There are foreclosures and bank failures in record numbers. However, history tells us that huge fortunes are made coming out of every recession – sometimes from blind luck, but more often because of education, knowledge, sound strategy and bold action. For the national economy to get healthy, each individual family needs to prosper and regain confidence. We think the Summit is a great forum for individual investors to learn and share ideas to advance that process.”

AboutThe Real Estate Guys Radio Show:

The Real Estate Guys has been broadcasting continuously on conventional radio in the San Francisco Bay Area since 1998.  Today, the show is also heard all over the world as one of the most downloaded real estate talk show on iTunes. For more information, visit www.realestateguysradio.com.

Contact:

Matthew Pearce, Executive Producer
The Real Estate Guys Radio Show
1-888-489-7723
info@realestateguysradio.com
http://www.realestateguysradio.com

With Minneapolis Mayor R.T. Ryback and city council members on hand, Village Green Cos. CEO and chairman Jonathan Holtzman joined other members of a development team to break ground late last month on Mill District City Apartments, a 175-unit, mixed-use, market-rate rental community targeted for completion and lease up in early 2011. The $33 million dollar project will follow the National Association of Home Builders (NAHB) National Green Building Standard, will feature a 3,500 square foot specialty market anchoring ground-floor retail , and is within walking distance of downtown cultural amenities.

Read the complete article here:

http://multifamilyexecutive.com/development/multifamily-developers-resume-construction.aspx

The article goes on to talk about “weak demand” and the lower employment and jobs. Fortunately we in the Midwest don’t see these problems like the major metropolitan areas around the country. Yes we lose jobs and have struggles but people in the Midwest pay their rent for the most part!

The article goes on to cover “sacrificing rent for occupancy” and I agree we see owners offering incentives to attract new tenants.

In summary multifamily investment real estate still tops our list for the best place to invest your money. Sure there are risks and challenges but what investment doesn’t?

To read the full article click here:

http://nreionline.com/globalrealestate/sept09_article1.html

See the attached summary package and contact us for more details or questions.

Willowbrook Package – Aug 2009 summary

Read about it here: http://nreionline.com/technology/news/floating_condos_mississippi_0428/

Here is an interesting article from National Real Estate Investor magazine:

Commercial/Multifamily Mortgage Originations Plunge 80% from Fourth Quarter 2007

By Denise Kalette

A new report from the Mortgage Bankers Association (MBA) shows a dramatic drop in commercial and multifamily mortgage loan originations in the fourth quarter of 2008. Originations fell 80% from the same period of 2007, a decline noted across all property types and investor groups.
"Commercial and multifamily mortgage lending slowed to a trickle in the fourth quarter," said Jamie Woodwell, vice president of commercial real estate research at MBA, in a statement. "Originations for all of 2008 were down approximately 60% from 2007 levels. Between the worsening economy and the continued credit crunch, lenders are extremely cautious about lending and borrowers are likely to hold onto the assets and the loans they already have."

As banks and other lenders await the shake-out from an economic stimulus package, credit is tight, and many potential first-time homebuyers are still on the sidelines, continuing to rent apartments. As a result, the multifamily market is maintaining resiliency. George Ratiu, Research Economist, gives us an overview of the multifamily sector.
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For months now, apartment executives and industry watchers have lamented what they’re seeing in the marketplace—laid-off workers moving out to find cheaper places to reside and new renters bargaining for more concessions. But only now, as data from the fourth quarter trickles in can we fully understand the carnage that closed out 2008.

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