OC Realtist Magazine December 2018

ORANGECOUNTY R e a l t i s t

Real Estate Resources

M a g a z i n e D e c e mb e r 2 018 Vo l. 0 4 | I ssu e 10

to take with you

to 2019

Real Estate

Market

Overview Irvine, Anaheim, San Clemente

Jay Morrison CEO of Tulsa Real Estate Fund

DECEMBER

6

realtor seminar

3690 Elizabeth St. Riverside, CA 92506 Ph: 951-684-1221 | Fax: 951-684-0450 www.ivaor.com

Breakfast and Registration 8:45 to 9:15 AM

SESSION I 9:15 - 10:00 ERIC LAWRENCE FRAZIER, MBA, PRESIDENT THE POWER IS NOW INC.

SESSION II 10:00 - 10:45 JAMAR JAMES, PRESIDENT DIGITAL CURRENCY GUY

CLOSE MORE DEALS WITH LOW TO NO MONEY DOWN !

BITCOIN AND ITS IMPACT ON REAL ESTATE

In this session you will learn:

• • • • • • • • •

Fannie Mae and Freddie Mac First Time Homebuyer Programs How and why to finance a four-unit property with only 3.5% to 15% down HUD Approved DPA Programs - Zero Down Payment with 3.5% to 4.5% Grant CalHFA Zero Down Payment Assistance Programs 5% down to 1.5 million Non-Prime Loans No Tax Returns 10% down to 2.5 million Non-Prime Loans No Tax Returns ATR (Ability to Repay) Loans - No Income Documentation to 75% LTV Private Equity Loans for Investors to purchase or refinance One Time Close Construction Loans - FHA, VA, USDA

In this session you will learn:

• • • • •

Cash to Crypto, How, Where, and With Whom To Buy Bitcoin Bitcoin and how it is going to impact real estate?

The Process of Buying and Selling Real Estate With Crypto Currency Make Additional Income With Crypto Currency?

How To Attract More Home Buyers and Home Sellers Marketing Crypto Currency

CLICK HERE TO REGISTER ONLINE or go to THEPOWERISNOW.COM/REALTORSEMINARS/

ERIC LAWRENCE FRAZIER MBA

JAMAR JAMES

President and CEO CalDRE#01143484 | NMLS#461807 Office: 800-401-8994 x 703 Email: eric.frazier@thepowerisnow.com Website: www.thepowerisnow.com

DigitalCurrencyGuy.com TheMet - Suite 150 -1st Floor 555 Anton Blvd, Costa Mesa, Ca 92626

The Power Is Now Mortgage Services is a Mortgage Brokerage licensed by the State of California Bureau of Real Estate (license #1980407) and the National Mortgage License System and Registry (license #1435243), and is a division of The Power Is Now Inc. (license # 01980407). The Power Is Now Inc. is not affiliated with any state or federal agency. The Power Is Now Real Estate Services is also licensed by the State of California Bureau of Real Estate (licensed #01980407), and is a division of The Power Is Now Inc. The Power Is Now Inc., is an equal housing lender.Our corporate office is located at 3739 6th Street Riverside, CA 92501. Our Telephone and Fax number is 800-401-8994. Eric Lawrence Frazier MBA, is a California licensed Loan Originator (NMLS license # 461807), and a licensed Real Estate Broker (CA Bureau of Real Estate license #01143484). Restrictions may apply to all loan programs. The Information and/or data is subject to change without notice. All loans are subject to credit approval. The information presented is not a commitment to lend or extend credit. Not all loans or products are available in all states.

The Power Is Now Mortgage Services and Real Estate Services are A Division of The Power Is Now Inc., and are only licensed to conduct business in the State of California.

CONTENTS: The OC Green Creating a sustainable green county: Leading the green movement (pg. 8) Orange County may be the newest “green” county in California (pg. 10)

THE POWER IS NOW INC. Vol. 04 | Issue 10

Eric Lawrence Frazier, MBA President and CEO Office: (800) 401-8994 Ext. 703 Direct: (714) 361-2105 Eric.Frazier@ThePowerIsNow.com www.thepowerisnow.com www.blogtalkradio.com/thepowerisnow

EDITORIAL TEAM Eric Lawrence Frazier MBA Editor in Chief (800) 401-8994 Ext. 703

Daniels George Managing Editor Executive Director of Publishing (800) 401-8994 ext. 712 kim.collier@thepowerisnow.com

Goldy Ponce Graphic Artist (800) 401-8994 ext. 711 goldy.ponce@thepowerisnow.com

The OC Economics The Orange County unemployment rate falls to 2.8% (pg. 14) With proposition 10 dead, what’s next for the Orange County renters? (pg. 20) 2018 growth forecast increases, but labor market remains weak (pg. 22)

On the cover Jay Morrison, CEO of Tulsa Real Estate (pg. 16)

Technology in Housing How technology is reshaping the future of interior design (pg. 26)

Technology for Real Estate Professionals The real estate resources to take with you in 2019 (pg. 30) Orange County tech investment overview (pg. 34)

Real Estate Market Focus Irvine, Anaheim, San Clemente (pg. 38)

The OC Legal Noone is safe from predatory lending charges (pg. 48)

The OC Mortgage News Thirty-year mortgage rate in California hits seven-year high (pg. 50)

CONTRIBUTORS Orange County Realtist Research Team

The OC Community Elections 2018: Orange County district attorney race results (pg. 52) Orange County board of supervisors gives funds to the needy and homeless (pg. 56)

The Orange County Realtist Magazine is an online and eZine publication of the Orange County Realtist a Chapter of The National Association of Real Estate Brokers® (NAREB).

The magazine is published and distributed by the publishing division of The Power Is Now, Inc., and has ten sections focused on the real estate market, economics in Orange County and the Realtist members who serve the community. The mission of the OC Realtist Magazine is to educate consumers and real estate professionals about the opportunities to buy or sell real estate in Orange County and to spotlight professional real estate agents who are Realtists.

The magazine is free and is distributed by email and online to members of our local chapter and NAREB chapters nationwide.

Over 30 thousands real estate professionals in Orange County, our state, federal and local city political representatives in each of the 34 cities in Orange County, non-profit housing organizations, church leaders in Orange County, and many affiliates of our chapter -OC NAACP, OC Black Chamber, OC 100 BMOC-and others will receive the magazine.

In addition, our own email list of consumers is growing daily through our community outreach. The list will continue to grow due to the importance of homeownership and the strong support we have in the community to help others achieve it. We want the magazine to be of great value to our members, an excellent resource for our community, and a tremendous value to our advertisers as an affordable marketing strategy to a target consumers interested in real estate as a home or investment.

The Orange County Realtist magazine will also provide free advertising to non-profit organizations, and community organization that support the welfare of the citizens of Orange County and are affiliates of the OC Realtist.

december 2018 issue

The Digital Online subscription launched April and continually provides the best of the Orange County Realtist Magazine in an alldigital format. With the Orange County Realtist Magazine, readers can have access to archived issues as well as current content online. Videos, online radio, webinars and other events provided by the OC Realtist will be available to empower its readers with information to achieve the American Dream.

The OC REALTIST MAGAZINE - The American Dream The Orange County Realtist Magazine features articles about real estate in Orange County and informational interviews with local and national community leaders, real estate agents, banking and investment professionals, and community.

The Orange County Realtist Magazine also provides consumer focus content about buying and/or investing in real estate, financing real estate and maintaining and protecting real estate as an asset for years to come. The magazine’s focus is on all aspects of buying and/or selling real estate from a consumer’s perspective because it is still the American Dream.

The ORANGE COUNTY Realtist Magazine

4

Departments 1.

2.

3.

4.

5.

6.

OC Real Estate Market OC Real Estate Resources OC Real Estate Investing OC Realtist Spotlight OC Real Estate Financing National Association of Real Estate Brokers News 7. California Association of Real Estate Brokers News 8. OC Realtist President’s message 9. OC Real Estate Business and Economic 10. OC Real estate laws and legislation

Cover and Feature story profiles: The OC Realtist Cover will never be sold as it will be our way of recognizing Realtists in

Orange County and all over the United States who exemplify the Realtist spirit. The online magazine and eZine will have 10 sections for various articles under the OC Realtist theme: OC Real Estate Market, OC Real Estate Resources, OC Real Estate Investing, OC Realtist Spotlight, OC Real Estate Financing, National Association of Real Estate Brokers News, California Association of Real Estate Brokers News, OC Realtist President’s Message, OC Business and Economics, OC Real estate Laws and Legislation. The writers for each department will be industry professionals who are practitioners in their field of expertise. They are industry professionals who can provide advice, and information to make decisions that will enable consumers achieve the American Dream.

Statement of Copyright: The OC Realtist Magazine TM is owned and published electronically by The Power Is Now Inc. The Power Is Now Inc. has entered into joint venture with the OC Realtist for the design, publication and distribution of the Magazine.

Copyright 2013-2017 The Power Is Now Inc. All rights reserved. The name Orange County Realtist is a trademark of the Orange County Realtist Inc. A chapter of the National Association of Real Estate Brokers.

“The PIN Magazine and distinctive logo are trademarks owned by The Power Is Now Inc.“ThePINMagazine.com” is a trademark of The Power Is Now Inc. “Magazine.thepowerisnow.com” is a trademark of The Power Is Now Inc. “Thepowerisnow.com” is a trademark of The Power Is Now Inc. “The Power Is Now Event Management” is a trademark of The Power Is Now Inc. “The Power Is Now Radio” is a trademark of The Power Is Now Inc. “The Power Is Now Publications” is a trademark of The Power Is Now Inc. “The Power Is Now Radio Guide” is a trademark of The Power Is Now Inc. “The Power Is Now VIP Agent Program” is a trademark of The Power Is Now Inc. “The Power IS Now Power Consulting/Coaching” is a trademark of The Power Is Now Inc. “The Power Is Now Association Management” is a trademark of The Power Is Now Inc. No part of this electronic magazine or website may be reproduced without the written consent of The Power Is Now Inc. Requests for permission should be directed to: info@thepowerisnow.com

5

The ORANGE COUNTY Realtist Magazine

www.OCREALTIST.org

Editor’s Letter

D

ear Esteemed Readers,

I would like to take a moment to say thank you for the support that you have given us throughout this year. Our success here at the Orange County Realtist wouldn’t have been possible without you, something that we at The Power Is Now do not take lightly. Our goal for 2019 is to continue to make waves and bring forth programs, seminars and tools that will turn renters into homeowners.

Orange County Realtist was birthed from a monumental need to assure equality in the housing sector by making sure that we help minority homebuyers obtain the primary source of wealth that will benefit them as homeowners. This continues to be our mission.

As we close out 2018, a lot has happened – and apparently there is more to come. Orange County has become a buyers’ market, and most people cannot afford to live in our county, forcing them to live on the streets.

More needs to be done. Period. While construction of new housing fronts has begun, it seems to be taking longer to complete, something that low-to-medium income earners in the county cannot wait for. This is forcing more and more people out onto the streets. Freddie Mac seems to be on the vanguard of solving this housing problem. The agency introduced a program that will bring conventional loans to manufactured housing. This is good news as we go forth to 2019.

In other good news, Experian, Finicity and FICO have finally a new credit scoring system, Ultra FICO, which is far better than the FICO score. Ultra FICO includes all

december 2018 issue

The ORANGE COUNTY Realtist Magazine

6

of your financial activities in its model. The system simply links with your checking, savings or the money market accounts. Ultra FICO is a lot different from the other scores, as it enhances your credit score based on indicators of responsible financial behavior.

The Power Is Now, Inc, the official sponsor of the Orange County Realtist, will hold a seminar at Ivar on December 6. This event will be a two-session event where I, Eric Frazier, the President and CEO of the Power Is Now, Inc, will present on how to close more deals with low to no money down. In the second session, Jamar James, the Cryptocurrency Guy, will be presenting on Bitcoin and its impact on real estate. This session will be highlighting how Bitcoin technology is reshaping the real estate world and how an agent can take advantage of this powerful technology.

In this issue, we have made sure to cover a little bit of everything. We don’t like to close our issue without giving Realtors the nuts and bolts to take with them to the next year. Find out some useful tips that will enhance your productivity in 2019. Keep reading to find out more news that we have prepared for you.

The Orange County Realtist would like to take this opportunity to thank you for your continued support and readership. Take this moment to share this magazine, because there is power in knowledge. Have a prosperous month and happy New Year’s.

Christina Kimble CEO Orange county Realtist

Access OC Realtists, Anytime, Any Place

Facebook @ocrealtists

7

Twitter @ocrealtists

Linkedin @Orange County Realtist

The ORANGE COUNTY Realtist Magazine

Instagram @ocrealtists

www.OCREALTIST.org

THE OC GREEN

Creating a Sustainable Green County:

Leading the Green Movement

T

he incorporated territory of Orange County is divided into land use districts, or zones, pursuant to the planning activities of the state of California.

The districts are established to serve the public health, safety, and general welfare; to provide the social and economic advantages which result from an orderly, planned use of land resources; and to guide, control and regulate the future growth and development of the city. California’s unemployment rate dropped to 4.1% in September, a record low in almost ten years. The rate was down from August’s 4.2% and from 4.5% in

december 2018 issue

September last year. It was still above the 3.7%, which is the 49year low.

Recognizing the champions of a green world The USGBC Orange County community held its eco-awards, the biggest celebration of sustainability in Orange County, California. The eco-awards honor accomplishments in sustainability and educate the Orange County public about sustainable places and organizations in the area. This year, the awards recognized 10 individual companies, schools, and nonprofit organizations across 10 different categories, including seven honorable mentions.

The ORANGE COUNTY Realtist Magazine

8

Benefits of building green Going green and promoting a campaign of environmental sustainability is not only good for the environment, but it is also a vital part of business development and growth. Setting up a culture of ecofriendly practices offers various commercially wise advantages, including bottomline savings, a competitive edge, and improving the working environment for your staff members.

Green buildings offer better daylighting, outdoor views and indoor air quality. A healthy work environment can help attract new employees.

As a result, you can anticipate less illness in your workforce.

Green buildings can be more comfortable, as well as conducive to higher productivity.

They can reduce drafts, minimize floor-to-ceiling temperature stratification and control noise.

Every other aspect of your business is subject to change from outside forces, but core beliefs that your business holds are not. Building your business on your beliefs is all about the value you project to your business.

If you want to promote environmental sustainability, then sustainability needs to be at the core of your business objectives.

Be the agent of change Sustainability options A company may be said to be sustainable if its purpose and actions are equally grounded not only in financial but also in environmental and social concerns. As it stands, most companies are finding the road to sustainability a little shaky.

With the global community calling for sustainability measures, what can you do to make sure that you promote this culture and be a part of the green movement?

Core business values matter

9

It is no longer sufficient for a company to deliver value to every person in ever place; is now also about being part of the sustainability ecosystem.

If you are not a part of the sustainability ecosystem, then you are risking limiting yourself. Promoting, enhancing and sticking to sustainability is a daunting task. But in the end, environmental sustainability is all about the contributions you are making. So do not try to be the champion, or a big player in every sustainability ecosystem; instead, simply try to drive incremental value.

Focus on reinventing your campaign Environmental sustainability is an ongoing venture. It is not something that you start then walk away and expect it to drive itself. Global leaders meet each year to discuss various ways to promote sustainability. Whether you are part of a company or a single entity, it is all about constantly reinventing what you do to in order to become more environmentally friendly.

References: https://www.ocregister. com/2018/09/23/californias-greeneconomy-a-model-not-quite/ https://www.ocregister. com/2017/03/03/look-how-greenorange-county-has-become-since-arecord-year-of-rain/ http://www.ocpublicworks.com/ ds/planning/projects/all_districts_ projects/orange_is_the_new_green http://www.orangecountyfl.net/ OpenGovernment/Sustainability. aspx#.W_V_CTMh3IU

The ORANGE COUNTY Realtist Magazine

www.OCREALTIST.org

THE OC GREEN

W

ith global warming becoming an international challenge, measures must be taken by cities across the U.S. to enhance sustainability in the long run. It is with this objective that Orange County has embarked on a comprehensive update to its zoning code which will incorporate sustainability best practices. With this updated zoning code, the county intends to be able to achieve a new standard of sustainability and flexibility which will, in turn, accommodate future technological advances.

information regarding the “Orange is the New Green” zoning code. During the workshop, county staff will be on hand to provide information and answer questions from the public.

Since the world seems to be stuck with the “green” vocabulary, the question that most people are not asking is this: Is going green making the world a better, cleaner, safer, place? If yes, then it is not merely a goal but a challenge that Californian’s are about to take on.

Going green can mean many things. For some, it means purchasing products that are biodegradable, while for others it means making your home more energy-efficient.

As the county initiates the But going green is more than move, OC residents, business just putting up solar panels, owners, community groups, advocacy groups, and various going paperless, reducing the environmental footprint and stakeholders are welcome to recycling. It is a movement, a participate in the process. lifestyle, and a way of doing The county is committed to holding community workshops business. which are aimed at providing

A county-wide movement

ORANGE COUNTY May Be the Newest “Green” County in California december 2018 issue

Leading the Green Movement Going green makes a company look good, it makes a business more sustainable, and it makes the county greener. Taking measures to be more energy conscious and environmentally friendly greatly improves a company’s image. California is reducing its environmental footprint through sustainable state government operations and practices including energyefficient state building design and construction, renewable energy generation at state facilities, environmentally preferable state purchasing, and sustainable state-owned vehicles.

The ORANGE COUNTY Realtist Magazine

10

Solar-powered Orange County Orange County, which began organizing solar power cooperatives two years ago, recently won recognition from the U.S. Department of Energy for efforts to make solar power more affordable for residents and businesses to install. The county earned “gold level” recognition from the Energy Department’s “so smart” program, which encourages local governments to expand solar availability and help American homes and businesses use the power of the sun.

Orange County has invested in the expansion of residential solar, allowing interested residents the chance to leverage savings in bulk contracts with solar providers.

Green building, built to inspire LEED, or Leadership in Energy and Environmental Design, certification is a thirdparty rating system led by the U.S. Green

11

Building Council. The ENC is the first building in Orange County to receive LEED platinum certification, the highest level of certification possible. LEED-certified buildings have smaller development footprints, provide healthier environments for occupants, and serve as examples of environmental and social responsibility.

Urban greening In many urban areas, there are opportunities to create greener, more environmentally sustainable and livable communities by creating new parks, improving existing parks and green spaces, and planting trees. Projects can improve groundwater recharge, improve water quality, and provide additional benefits such as reduced urban heat, improved air quality, increased walkability and increased neighborhood safety.

The L.A. Urban Greening Program is a $11.5 million multi-year program to expand open

The ORANGE COUNTY Realtist Magazine

www.OCREALTIST.org

THE POWER IS NOW LIVE EVENTS

HOMEBUYER SEMINARS Are you on the path to homeownership? Learn all about our Homebuyer programs at our monthly seminars!

space and support water quality in underserved communities in L.A. The projects included in the program are supporting the restoration of the L.A. River, improving recreational activities, creating urban greenways with bikes and pedestrian parks, improve groundwater recharge and creating new parks and improving existing parks.

Today, fifty years after the historic 1968 Fair Housing Act, from which the systemic civil and economic injustice was supposed to have been corrected, Fair Housing Act has failed. The gap has grown even wider, with only 42.3 percent of black Americans able to own homes and the wealth gap is so large that it appears that economic and wealth equality may never be full realized or achieved by African Americans. The American dream of homeownership is not the African American dream.

• Learn about the Housing Crisis in California • Learn about the Wealth Gap for Minorities • Learn about State of California Housing Finance Agency Programs • Learn about Zero Down Payment Programs • Learn about buying land & building a home with zero to low down payment Government financing • Learn how to buy a 4 unit apartment building as a first time home buyer • Learn about partnership strategies to buy your first home with friends and family • Learn about special financing programs for teachers and HUD Home for Sale

References: http://www.locationoc.com/business-climate/industryclusters/green-economy/ https://www.orangecountyfl.net/Portals/0/resource%20 library/all%20meeting%20minutes/sustainability%20 advisory%20board/Sustainability%20Annual%20 Report/2016_OCFL_Sustainablility_Annual_Report.pdf http://www.thrall.org/special/goinggreen.html https://www.usgbc.org/articles/orange-county-recognizesmore-dozen-sustainable-leaders-southern-california-annualeco-awar https://www.fanniemae.com/content/news/mf-wiregreen-11192018

december 2018 issue

The ORANGE COUNTY Realtist Magazine

12

THE OC ECONOMICS

The Orange County Unemployment Rate

T

Falls to 2.8%

he winning streak in Orange County began its ninth year as local employers added 11,000 workers in just 12 months ending in August. The unemployment rate fell to 3.1%. One month later, the county is experiencing a further drop in unemployment rates. The unadjusted unemployment rate fell to 2.8% in September, according to the state’s Employment Development Department.

The lowest rate that the county has ever experienced was 2.2% in 1999.

Five of the 11 sectors are reported to have increased the number of jobs in the market.

The biggest is the Government sector, in which there was an 8,900-job jump. This was led by the local education workers returning from the summer recess. In addition to that, the construction sector of Orange County added a total of 1,600 jobs, led by specialty trade contractors.

The county experienced some losses too. The biggest decline was 1,800 jobs reported in trade, transportation, and utilities – mostly in december 2018 issue

wholesale trade. About 17.2 million people were working in California in September, up 13,200 from August and 339,600 from a year before.

Statewide, only four of 11 industries added jobs month-over-month. These were led by professional and business services, which recorded a rise of 11,800 jobs. Following it was leisure and hospitality, up 8,500, and the government, which added adding up 5,100 jobs. Six sectors in the county have reported having lost jobs, led by the educational and health services at 3,700, information at 3,000, and construction at 2,000.

Another statistic to look at is the people receiving unemployment benefits. The county recorded that the number fell from 306,175 in August to 284,790 in September. A year ago, the figure was 312,933.

Goods-producing jobs were down from 264,700 to 260,400 – down 4,300 or 1.6%.

Service jobs rose 1.36 million compared to 1.35 million a year ago, up 15,300 or 1.1%. This shows the biggest service staffing since 2000.

The ORANGE COUNTY Realtist Magazine

14

Helping you achieve the American dream of homeownership!

1

THE POWER IS NOW MAGAZINE Find industry insights and professionals sharing important information in our monthly magazine

2

THE POWER IS NOW RADIO Get Empowered and Educated with our online radio

3

THE POWER IS NOT TV Receive 1st hand information from inside the industry to educate, inform, and inspire on The Power Is Now TV

4

FACEBOOK LIVE EVENTS Find useful information about the industry every Tuesday Night at 7:30 PM live on facebook

CALL ME FOR DETAILS ERIC LAWRENCE FRAZIER MBA

CA BRE: 01143484 | NMLS 461807 The Power Is Now Inc. CA BRE: 1980407 | NMLS 1435243

The Power is Now, Inc. is a nationwide, real estate professional, and community-based multimedia and education company founded in 2009 by Eric L. Frazier, MBA, headquartered in Riverside, California. The Online Radio Talk Show, Magazine, TV and events are supported by numerous national and state real estate associations and provides weekly real estate related content to millions of real estate agents and consumers throughout the United States online and by teleconference. The Power Is Now Inc., is also an mortgage brokerage licensed by the state of California, CAL BRE MLO/NMLS License #1435243, and a real estate broketage CAL BRE 01980407 and is not affiliated with any state or federal agency. The Power Is Now Inc., corporate office is located at 3739 6th Street Riverside, CA 92501. Telephone/Fax: 800401-8994. Eric Frazier, is California Licensed Loan Originator NMLS# 461807, and a Real Estate Broker #O1148434.

We have a membership for everyone.

From the Buyer and Seller to the Professional Agent and Broker.

Website: www.thepowerisnow.com Email: eric.frazier@thepowerisnow.com Mobile: 714-361-2105 Office: 800-401-8994 ext. 703

The Power Is Now Mortgage Services is a Mortgage Brokerage licensed by the State of California Bureau of Real Estate (license #1980407) and the National Mortgage License System and Registry (license #1435243), and is a division of The Power Is Now Inc. (license # 01980407). The Power Is Now Inc. is not affiliated with any state or federal agency. The Power Is Now Real Estate Services is also licensed by the State of California Bureau of Real Estate (licensed #01980407), and is a division of The Power Is Now Inc. The Power Is Now Inc., is an equal housing lender.Our corporate office is located at 3739 6th Street Riverside, CA 92501. Our Telephone and Fax number is 800-401-8994. Eric Lawrence Frazier MBA, is a California licensed Loan Originator (NMLS license # 461807), and a licensed Real Estate Broker (CA Bureau of Real Estate license #01143484). Restrictions may apply to all loan programs. The Information and/or data is subject to change without notice. All loans are subject to credit approval. The information presented is not a commitment to lend or extend credit. Not all loans or products are available in all states. The Power Is Now Mortgage Services and Real Estate Services are A Division of The Power Is Now Inc., and are only licensed to conduct business in the State of California.

ON THE COVER:

JAY MORRISON

JAY MORRISON

CEO OF TULSA REAL ESTATE FUND

J

ay Morrison is an American real estate broker, motivational speaker, and reality television personality. He is the current CEO of Tulsa Real Estate Fund. As an African American young man who grew up in poverty, Morrison was destined to become a statistic. He dropped out of high school and became a three-time felon by the age of 20.

However, he turned his life around and has become a much soughtafter celebrity real estate agent and multimillion-dollar real estate entrepreneur.

Life achievements Jay founded the Jay Morrison Academy in January 2014. The Jay Morrison Academy is an online wealth education institute that provides financial literacy for those who – like him – were not taught wealth creation at home or in the classroom.

After impacting tens of thousands of people through motivation and wealth education, Morrison went a step further and launched E-Z Funding, an investment platform that provides entrepreneurs with small business financing and the education resources needed to help them grow their business.

Morrison is the bestselling author

17

of Hip Hop 2 Homeowners: How We Build Wealth in America; Lord of My Land: 5 Steps to Homeownership; and The Solution: How Africans in America Achieve Unity, Justice and Repair. He has also appeared as a real estate expert on NBC’s Today Show and Open House NYC, as well as a community leader/ social activist on CNN’s Anderson Cooper 360 and FOX’s Justice with Judge Jeanine.

Morrison’s passion for social awareness is shared by his talented fiancé, Ernestine Johnson, who helps mold many of the programs and services offered by the Jay Morrison brands. Not bad for a kid who started out selling cocaine in Somerville, N.J. For more information on Morrison, visit www.JayMorrisonAcademy.com.

Experience Jay Morrison earned the name “Mr. Real Estate” early in his career by defying the odds of growing up in poverty, becoming an 11th-grade dropout turned three-time felon by age 20, and becoming a multi-millionaire real estate developer, business owner, celebrity realtor, and national influencer before 30.

Jay is the founder and CEO of several organizations, including the Jay Morrison Academy, an international

The ORANGE COUNTY Realtist Magazine

www.OCREALTIST.org

school of real estate and entrepreneurship; Tulsa Real Estate Fund, a crowdfunding vehicle that allows members of the community, institutions, and advocacy groups to own an equity stake in redevelopment projects; and United Africans in America, a community committed to justice, true equality, and socioeconomic repair for Africans in America.

This two-time bestselling author has earned the moniker “Young Malcolm” for his role in creating the infamous “Corner Class” were he teaches wealthbuilding strategies such as real estate and entrepreneurship on dozens of inner-city street corners throughout the country. Jay is on a lifelong mission to bridge the wealth gap and repair his community by any means necessary.

From dealing drugs to real estate business Dropping out of school, growing up in a povertystricken household in Northern

december 2018 issue

Jersey, and being a three-time felon didn’t stop Jay from achieving greatness in life.

He may not have known at a young age how he wanted his life to turn out, but he knew that he would do anything to improve his situation.

Therefore, at the age of 15, he began selling drugs on the streets.

“I grew up with an edge and a desire to make it out of my environment,” Morrison remembers. “One of the closest things in my environment was the street corners. It’s where we saw most guys become successful. You didn’t see too many businessmen from where we were from.”

This path led Morrison into three different arrests. He was released after his third arrest and eventually found a mentor, Pastor Antwon Thomas of Plainfield, New Jersey. Pastor Thomas persuaded him to apply for a job with his wife, who was a loan processor at a mortgage company. This is where Jay found success.

About Tulsa Real Estate Fund Earlier this year, Atlantabased real estate mogul Jay Morrison announced the IPO of the Tulsa Real Estate Fund, which is the first AfricanAmerican owned regulation A+ Tier II crowdfund designed to revitalize urban communities across the United States. Tulsa Real Estate Fund is regulated and qualified by the SEC, which allows both accredited and non-accredited investors to collectively invest and own real estate projects all around the country that are unique, diversified and have a good rate of return to the investor.

The fund’s mission is to perform comprehensive redevelopment of both the people and the real estate in key urban areas.

This innovative fund allows socially conscious individuals and financial institutions the opportunity to invest in people and real estate in the local communities that matter to them the most.

The ORANGE COUNTY Realtist Magazine

18

THE REALTIST YOU CAN TRUST! Serving the city of Vallejo and surrounding areas.

LANISE SPANN CalBRE# 01800507 Direct: 707 297-0398 Office: 800-401-8994 ext 713 E-mail: lanise.spann@thepowerisnow.com 19

The ORANGE COUNTY Realtist Magazine

www.OCREALTIST.org

THE OC ECONOMICS

WITH PROPOSITION 10 DEAD, WHAT’S NEXT FOR THE ORANGE COUNTY RENTERS?

P

roposition 10 lost big.

Despite skyrocketing rents in California, voters rejected the one ballot that could have reversed the situation. With the growing number of renters in California counties and heartrending stories about possible evictions and displacement, you would have expected that voters would welcome a measure that could loosen restrictions on rent control.

A whopping 61.7% of voters voted against the bill, while 38.3% of voters approving the bill. The ballot measure was only passed in just one of California’s fifty-eight counties: San Francisco. In the county of Los Angeles, 47.2% of registered voters supported the proposition.

Across California, ballot results proved the measure’s widespread unpopularity. december 2018 issue

WHAT’S NEXT? Proposition 10 advocates have not given up on the measure. They see a political ally in Governor-elect Gavin Newsom, and strong support from the growing coalition of groups supporting tenant’s rights.

Pressure on tenants remains intense in the state of California, where more than half of renters are “costburdened,” which only means that they are paying more than 30 percent of their incomes on rent, according to the UC Berkeley’s Haas Institute for a Fair and Inclusive Society.

“Just because Prop 10 lost doesn’t mean the problems tenants face disappear,” said Assemblyman David Chiu, D-San Francisco. “We have to do something.”

SoCal renters should expect

rent rates to continue to rise.

The rents are projected to continue increasing through 2020, with rises ranging 1.72.3% from Los Angeles to Orange County and Inland Empire counties.

LOOKING INTO THE FUTURE After Prop 10’s failure, the same problems still exist in the county. With statistics showing that nearly one in three California renters spend more than half of their incomes on rent, it only means that most families in the county are vulnerable to eviction. And even though the incumbent Governor opposed the measure, he told the Sacramento Bee that he “will take responsibility to address the issue [of rent control] if it does get defeated.”

The ORANGE COUNTY Realtist Magazine

20

Are there any chances of compromise?

It doesn’t seem likely. Before Prop 10 was approved for the ballot, Assemblyman Richard Bloom of Santa Monica had introduced a similar bill with the hope of reaching a legislative compromise between property owners and tenants’ rights activists. However, the bill failed due to intense opposition from the same people who rejected Proposition 10.

Damien Goodmon, director of the “Yes on 10” campaign, has stated that he doesn’t trust Gov. Gavin Newsom enough to negotiate for the bill. He added, “The reality is the [Newsom], like so many politicians in the Democratic party, has been bought and paid for by the landlords and the realtor lobby and the developer lobby.”

The next step for the measure could be to reform-not-repeal the already enforced Costa-Hawkins Rental Housing Act. Some of the tenant advocate groups say that the move still has momentum, and despite the clear rebuke from voters, landlords and real estate investor groups say that there is still room for negotiation. However, further rent control measures may be off the table.

The Costa-Hawkins law limits the city’s power to place rent controls on any new construction. A repeal of the law would have given the city the choice to impose new strict regulations on the rent increases on apartments, condos and rented single-family homes. The tenants’ rights activist groups can push for rent control laws that fit within the current Costa-Hawkins framework.

A measure that would cap rent increases in Sacramento County has already qualified for the 2020 ballot. Moreover, activists have also considered putting a more aggressive initiative on the 2020 statewide ballot with the hope that the turnout for the presidential election and better ballot language might yield a different result.

THE POWER IS NOW LIVE EVENTS

REALTOR WEBINARS ZERO DOWN AND LOW DOWN PAYMENT PROGRAMS NON PRIME AND PRIVATE EQUITY LOAN PROGRAMS Close More Deals in 2019 with Easy Financing • Get the lending support and service you need now for success in 2019!

• Join us for our Live Webinar and receive FREE training that will grow your business!

• Learn about the mortgage programs that will help you generate more clients

Click here to see the upcoming Live Webinars

But can the landlords compromise? Do they have the sufficient incentive to negotiate?

It is very unlikely. Nearly two-thirds of California voters rejected Prop 10. In spite California’s worsening housing crisis, the landlords appear to be in a stronger position than they were before the Prop 10 campaign began earlier in 2018.

21

The ORANGE COUNTY Realtist Magazine

www.OCREALTIST.org

THE OC ECONOMICS

2018 GROWTH FORECAST INCREASES BUT LABOR MARKET REMAINS WEAK

T

he Fannie Mae and Strategic Research Group forecasts a fullyear 2018 economic growth of 3.1%, which is 0.1% higher than the forecast last month. The third quarter economic growth came in at a 3.5% annualized rate, slowing from 4.2% in the second quarter. Third quarter economic growth was largely driven by a strengthening labor market, an acceleration in both consumer and government spending, and a build-up in private inventories.

december 2018 issue

According to the November 2018 Economic and Housing Outlook from the Economic and Strategic Research Group, full-year 2019 economic growth is expected to slow to 2.3% mainly because the economy will be contending with higher short-term interest rates and the waning effects of the fiscal stimulus enacted in February 2018.

The housing sector is also expected to continue facing multiple challenges

The ORANGE COUNTY Realtist Magazine

22

despite the prevailing strength in the economy and the job market. The ongoing affordability issues stemming from further home price appreciation and a lack of for-sale inventory will likely remain headwinds for the housing sector through 2018 and into 2019. According to Fannie Mae Chief Economist Doug Duncan:

“

As we proceed through the fourth quarter, we expect growth to slow further but to remain solid at 2.6%.

Trade remains a downside risk to growth as a strong dollar is likely to contribute to a further widening of the trade gap. While consumer spending growth is expected to moderate from the robust second and third quarters, both business fixed investment and residential fixed investment should pick up. We also expect the economy to continue to receive strong support from government spending, at least in the near term. Looking further ahead, the Bipartisan Budget Act of 2018 should continue to boost growth through the first half of 2019 before it begins to fade, ultimately acting as a drag on the economy in the second half of 2020

You will note that the current labor market hot streak has not done much to boost the housing market. Both first-time homebuyers and trade-up buyers are discouraged by rising interest and mortgage rates, elevated home prices, and a shortage of available housing inventory, specifically in the lower tier of the market.

Moreover,

builders

are

presented

with challenges as higher interest rates drive construction costs and a tight labor market accelerates the average hourly earning growth of workers working in residential construction.

Given the weak condition of the housing market, the ESR lowered its 2018 origination forecast by $11 billion to a new record of $1.62 trillion – and with that, the 2019 forecast by $21 billion to $1.60 trillion. However, it is expected that existing and new home sales will stabilize in 2019 as home appreciation moderates and mortgage rates begin to stabilize.

23

The ORANGE COUNTY Realtist Magazine

www.OCREALTIST.org

WANT TO BUY OR SELL?

IF YOU WANT A REALTOR WHO WILL GO ABOVE AND BEYOND FOR YOU WHETHER YOU’RE A BUYER OR SELLER LOOK NO FURTHER. I WORK HARD SO YOU DON’T HAVE TO!

Alexandra Trefry

REALTOR BRE # 01987453 (800) 401-8994 x 753 (707) 494-2028 alexandra.trefry@thepowerisnow.com

ww w.th epowerisnow. com

MOVING ON TO YOUR IDEAL PROPERTY?

CALL ME I CAN HELP YOU! TIANA OWENS Realtor CalDRE # 01998032 Office: (800) 401-8994 x 704 Direct: (949) 393-8020 Email: tiana.owens@thepowerisnow.com Website: www.thepowerisnow.com

TECHNOLOGY IN HOUSING

How Technology Is Reshaping the Future of Interior Design T

echnology is reshaping life as we know it. However, one industry that technology hasn’t had much luck on is the home interior industry. Traditionally, home interior design has been known to be expensive and timely, requiring a designer to come out and take care of most of the elements. Pieces of art and furniture may change, and each space is different. But the idea of interior design like what looks nice and what should be considered when putting a room together is fairly stagnant.

from landscaping to beauty. The future of the eco-friendly looks bright because of technology. This trend looks set to make its way into interior design. Technology is bringing about some exciting concepts and capabilities that could significantly reshape the ways in which we approach interior design in the near future.

Interest in sustainable design, however, is increasing. Sustainable design has become a buzzword across a range of industries

An interior designer creates indoor spaces that satisfy the client’s needs for safety and function, through the use of furniture

december 2018 issue

INSIDE AN INTERIOR DESIGNER’S WORLD

The ORANGE COUNTY Realtist Magazine

26

placement, color palettes, decorations, and functional decor. Other elements include artwork and lighting. Window treatments and flooring must work together to contribute to an overall look that will satisfy the client’s needs.

It may seem obvious, but in order to become an interior designer, you need to have an innate flair for color, spatial arrangements, architecture, and textiles. Interior designers need to have flexible work hours and varied work environments. Schedules are often tailored to their client’s needs, and interior designers usually travel to their client’s home or business to discuss plans for the design of the space.

TECHNOLOGY AND INTERIOR DESIGN Think about Houzz, an online platform that lets you know what’s happening in the interior design sector. While it may be the more basic end of what technology can really do for the interior design industry, it is arguably changing how people understand, remodel and update their homes. With online platforms like Houzz, you can get a good idea of what you are looking for in the market.

SMART HOMES Another way technology has changed interior design is in smart homes. Apps can control room lighting, heating and security at the touch of a button, while voice-activated services have the ability to manage your house without even the need to lift a finger. Designers will need to be mindful of allowing space for smart light switches, thermostats and interior meters while making the technology that controls the room accessible by hand or voice. Smart homes have come a long way in the past few years, and there is no doubt that we will continue to see our interiors get smarter.

TINY HOUSE MOVEMENT The tiny house movement is a striking phenomenon set to overturn the way we think about interiors. It is a movement in which individuals are actively downsizing their living spaces, typically to under 400 square feet.

Advocates of the movement are masters at living in well-planned and incredibly efficient living spaces. As the tiny house movement grows, so will the requirement for well-designed, expertly engineered interiors. When space is a premium, you cannot afford to be wasteful.

Tiny houses are rapidly becoming mainstream.

3D PRINTING

27

The ORANGE COUNTY Realtist Magazine

www.OCREALTIST.org

Advancements in 3D printing are shaping the interior world to such an extent that some believe we are in the midst of another industrial revolution. Today, 3D printing is efficient and exciting. Interior designers can quickly demonstrate their designs and allow their clients to touch and feel their ideas in miniature form. 3D printers can also be used to design furniture that current machinery is incapable of creating.

Today, 3D printing is only beginning to come into widespread commercial use. But once the technology has been refined and the prices start to drop, the 3D printing revolution will be here and here to stay.

surprise that the interior design industry is welcoming virtual reality as the herald of a new technological future.

SUSTAINABLE DESIGN As consumers grow weary of the environment mark they are leaving on the world, the interest in sustainable design will increase. For interiors where shabby chic has traditionally been the norm, ecofriendly design will become entirely on trend.

VIRTUAL REALITY Virtual reality is set to take center stage in many industries over the next few years. Expert interior designers are particularly excited about its uses within their profession. Imagine a designer walking their client through a room they have created, or explaining an architectural structure by actually being beside it. It is no december 2018 issue

References: https://thenextweb.com/contributors/2017/09/19/ technology-changing-future-interior-design/ https://www.popsugar.com/home/How-TechnologyChanging-Interior-Design-44624994 https://residentialsystemsinc.com/the-latest-hometechnology-for-interior-design/

The ORANGE COUNTY Realtist Magazine

28

Linda Larson Cal BRE # 01183012

Real estate Agent

Realtor | Clearlake O: 800-401-8994 x 7202 D: 707-257-1288 danon.burnside@thepowerisnow.com www.thepowerisnow.com www.applytobuynow.com

TECHNOLOGY FOR REAL ESTATE PROFESSIONALS

THE REAL ESTATE RESOURCES

TO TAKE WITH YOU IN 2019 C

alifornia continues to holds the title of America’s most prosperous state in 2018. As the world’s sixth-largest economy, California’s thriving, innovative production, along with a hot housing market, is the focus of many U.S. and foreign property investors. However, shortages of housing and new construction units mean prices may rise again in 2019.

Although real estate prices fell in the ma jor metropolitan areas of San Diego, Orange County, Los Angeles, San Jose, San Francisco, and Sacramento, the median price in California actually rose again in 2018.

Getting into this real estate market can be a daunting task if you do not know the basics of purchasing or selling a property. Real estate involves many parties, from the real estate agent helping you with the purchase of the property to the city department collecting your annual property tax. The real estate industry is one of the main economic drivers in modern society.

The National Association of Realtors (NAR) The National Association of Realtors is the largest trade association in the U.S. To benefit from the services they offer, you need to be a member. The NAR represents 1.3 million members, including NAR institutes, societies, and councils involved in all aspects of the residential and commercial real estate industries.

Its vision is to be the leading advocate of the right to own, use, and transfer real property; the acknowledged leader in developing standards for efficient, effective, and ethical real estate business practices; and to be valued by highly skilled real estate professionals and viewed by them as crucial to their success.

december 2018 issue

The ORANGE COUNTY Realtist Magazine

30

Home Warranty Companies We expect our cars and appliances, and even our coffee makers to have warranties, what about our homes? If a fire destroys your house, for instance, your policy could pay to rebuild it. A home warranty, on the other hand, can help pay for home repairs. There are several parts of your home that require a warranty, such as systems with heating and air, washing and drying machines, windows and doors, and any other system that requires repair or replacement.

Final Say Many people understand that real estate can create wealth. California’s economy is in the midst of a seven-year economic expansion. The state’s economy is much more diverse than New York or Texas and many of the biggest high-tech counties.

That makes it a good place to invest in real estate.

Real Estate Inspections You have finally found the home you want, negotiated a contract and struck a deal. Now it is time to have the property inspected. An inspection will allow a qualified professional to take an objective look at the current condition of the property and prepare a report. Why have a property inspected?

You are about to engage in a significant financial transaction. You want to make sure the merchandise is in good condition.

31

References: https://www.nar.realtor https://www.ocar.org https://www.tomferry.com https://pncrealestatenewsfeed.com https://rerg.com

The ORANGE COUNTY Realtist Magazine

www.OCREALTIST.org

www.ocrealtist.org

OUR MISSION: The mission of the Orange County Realtist is to provide support and education for its members to grow and expand their businesses while assisting the community to achieve the American dream of homeownership.

OUR VISION: The vision of the OC Realtist is to become a center of influence and a chapter of successful realtists in Orange County whose businesses are thriving from the support they receive and the networking opportunities that exist by their affiliation with National Association of Real Estate Brokers.

Listen The OC Realtist Online Radio!

Check Out Our Online Magazine!

NAREB was founded in 1947 and is the Oldest African American Real Estate Trade Association in the United States. The Orange County Realtist Chapter was founded in October 4, 2009 by Eric Frazier in Orange County.

Email: info@ocareb.org Phone: 800-790-0941

TECHNOLOGY FOR REAL ESTATE PROFESSIONALS

Orange County

Tech Investment

Overview T

ech investment has grown at a 22.5% rate this year.

This increase in the tech investment rate demonstrates that capital has continued to fund local innovations in Orange County. Most of the tech funds have been placed in software companies – especially companies whose customer bases are businesses rather than the general clients.

The most active lead investors were Partech Ventures, who invested most of their capital in NGD Systems, and Bessemer Venture Partners, who invested mostly in Restaurant365.

Approximately 80% of companies that received tech funding are located in Irvine, which has contributed to Orange County becoming a tech hub.

december 2018 issue

Top funding statistics Approximately $47.7 million in venture series funding was made in 2018, while debt financing provided about $11.5 million in funding. Seed and angel investments were $7.1 million and $1.5 million, respectively.

Restaurant365

The ORANGE COUNTY Realtist Magazine

received

the

34

highest amount of funds at approximately $20. million.

NGD Systems was ranked second, with a funding of approximately $16.4 million, and Bitvore was ranked third, with $14.2 million.

E-commerce received the highest funds ($41.5 million), followed by the software industry ($34.8 million) and the hardware industry ($16.4 million). The IT industry received $7.5 million, the gaming industry was given approximately $5 million, and the internet industry received $1.6 million.

The internet of things industry received the least amount, at just $1.0 million.

Key areas that need tech attention There should be an evaluation of the achievement of all the businesses with IT objectives.

If a company is not meeting its goals, then the funding should be distributed to other organizations that need the funding. The right organizations should perform satisfaction surveys.

The collected information will help significantly in meeting the customer’s needs and help achieve the required changes to meet the clients’ requirements.

Government involvement with tech in Orange County Tech funds are approved and shared by the Orange County government offices responsible for technology. For a new project that involves IT, the board reviews the plan, and the method is recommended if it meets the required criteria by the IT Executive Council, the IT Investment R e v i e w B o a r d , and the

35

Technology Council.

If the expenditures for a proposed IT project are less than $150,000, then they are approved by the expenditure office responsible for those activities. If an IT project is above $150,000, then the IT Review Board does a detailed and extensive cost-benefit plan prior to approval of the project.

The progress of projects that require more than $150,000 are reported, and the costs incurred are also reported.

This reporting is done to keep track of the project and to decide if the project is worth the investment. The reporting about the progress made by the project is done on a quarterly basis to the Board of Supervisors by the IT Project Management Office.

References: http://www.ocgrandjury.org/ pdfs/2013_2014_GJreport/ IT_Report_Website.pdf https://img04.en25.com/Web/ JLLAmericas/%7B7f5a1df67e89-4ec7-86ae999e9f29d96d%7D_Orange_ County_tech_investment_ overview.pdf

The ORANGE COUNTY Realtist Magazine

www.OCREALTIST.org

HOME SECURE DOWN PAYMENT ASSISTANCE PROGRAM

Thousands of people each year dream of becoming homeowners. The Home Secure Down Payment Assistance Program may help that dream become reality.

• This homebuyer assistance program currently provides low to- moderate income families and individuals with a 3.5% Grant* that does not have to be repaid. The grant can be used towards down payment or closing costs. If their income exceeds 115% of the HUD Area Median Income then a silent second loan will be made instead of a grant that can be forgiven if payments on the 1st mortgage are made on time for 3 years. *Grant approval is determine by many factors including your FICO Score. Minimum FICO score is 620. Silent second loan forgiveness subject to 3 years of on time payments and other program guidelines/ limitations.

• Many times this allows homebuyers to purchase a home much sooner than they thought possible. The Home Secure DPA Program is available for the purchase of an owner-occupied single, duplex, triplex or fourplex family residence, approved condominium, or planned unit development located in the state of California.

• The program is available for purchases of both new and existing homes and is NOT limited to first-time homebuyers.

Contact me for more information: ERIC LAWRENCE FRAZIER MBA CA DRE: 01143484 | NMLS 461807 The Power Is Now Inc. CalDRE: 1980407 | NMLS 1435243 Website: www.thepowerisnow.com Email: eric.frazier@thepowerisnow.com Mobile: (714) 361-2105 | Office: (800) 401-8994 ext. 703 The Power Is Now Mortgage Services is a Mortgage Brokerage licensed by the State of California Department of Real Estate (license #1980407) and the National Mortgage License System and Registry (license #1435243), and is a division of The Power Is Now Inc. (license # 01980407). The Power Is Now Inc. is not affiliated with any state or federal agency. The Power Is Now Real Estate Services is also licensed by the State of California Department of Real Estate (licensed #01980407), and is a division of The Power Is Now Inc. The Power Is Now Inc., is an equal housing lender.Our corporate office is located at 3739 6th Street Riverside, CA 92501. Our Telephone and Fax number is 800-401-8994. Eric Lawrence Frazier MBA, is a California licensed Loan Originator (NMLS license # 461807), and a licensed Real Estate Broker (CA Department of Real Estate license #01143484). Restrictions may apply to all loan programs. The Information and/or data is subject to change without notice. All loans are subject to credit approval. The information presented is not a commitment to lend or extend credit. Not all loans or products are available in all states. The Power Is Now Mortgage Services and Real Estate Services are A Division of The Power Is Now Inc., and are only licensed to conduct business in the State of California.

?

STILL

LOOKING LET ME HELP YOU

BUY OR SELL!

SYLVIA YOUNG BROKER DRE # 01039092 O: (800) 401-8994 X 734 | D: (510) 821-2599 SYLVIA.YOUNG@THEPOWERISNOW.COM WWW.THEPOWERISNOW.COM

REAL ESTATE MARKET FOCUS

Real Estate Market Focus in Irvine

T

here is no doubt that the state of California will keep its reign as the America’s most prosperous state in 2018. As of 2018, California is the sixth largest economy in the world. It boasts an industrious people, innovative production, and a hot housing market, which over the years has made it the focus of many foreign property investors.

A shortage of new housing combined with delayed construction of new housing units means that prices may rise again in 2019. Even though real estate prices fell in some ma jor metro areas such as San Diego, Orange County, Los Angeles, San Jose, San Francisco and Sacramento, the median prices rose again in August. In this article, we’ll focus on the Irvine real estate market.

december 2018 issue

The ORANGE COUNTY Realtist Magazine

38

Irvine Real Estate Market Data Summary

Median sale prices

PERIOD

Y-O-Y

3 MONTHS PRIOR

1 YEAR PRIOR

5 YEARS PRIOR

$410,00

-1.0%

$472,000

$414,000

$372,500

TWO BEDROOM

$654,000

+10.0%

$640,000

$595,000

$479,250

THREE BEDROOM

$830,000

+5.9%

$838,000

$784,000

$675,000

FOUR BEDROOM

$1,150,000

-1.0%

$1,180,000

$1,162,000

$919,000

ALL PROPERTIES

$840,000

+1.2%

$845,000

$830,000

$705,500

NO. BEDROOMS

JULY 18-OCT 17

ONE BEDROOM

Data courtesy of Trulia

You can see from this data that there has been an increase in homeownership rates. There has been an increase in median home sales by 1%, which is equivalent to approximately $10,000.

Moreover, the average price per square foot has also increased quite significantly, from $464 to $491 over the same period. With a median home price of $1,465,531 in Irvine, California, the real estate market seems to be quite promising.

Economic growth

Irvine is also a leader in education. Moreover, the city offers residents and visitors preserved nature habitats and wild lands with miles of hiking and biking trails. It is also a city of fun with sports tournaments in Irvine and over a dozen sports fields and facilities. For those looking for a weekend getaway, Irvine is the perfect place as it sits in the middle of it all.

Irvine is irresistible

Irvine was initially planned to be an economic powerhouse which would offer an extraordinary quality of living. Irvine is where business, community and nature all mix to provide a perfect hybrid form of living. With corporations, family residences and a leader in education provision, Irvine is fast rising. There, you can find beautifully manicured office parks surrounded by approximately 16,000 acres of sports fields, open places and parks. With breathtaking views, Irvine is becoming a lead market in real estate.

Irvine keeps growing Given that the city was designed to be an economic powerhouse, the city houses some of the leading business centers. More than 100 global corporations call Irvine home. It is a family-oriented multicultural community where

39

residents speak more than 70 languages.

The city of Irvine is a unique community with cultural diversity and thriving business and education sectors. It is the only city where urban meets rural community. Moreover, the city has great park neighborhoods that are central to the best that Orange County has to offer. The city offers you the quintessential Southern California experience.

Irvine has become a melting pot for the SoCal community. Real estate in the county has always done very well – and will continue to – because of Irvine’s easy access to all ma jor freeways and highways, along with many options for public transportation.

References: https://www.coldwellbanker.com/for-sale-homes/IrvineCA-4358c/view_local-market-trends https://www.trulia.com/real_estate/Irvine-California/ market-trends/

The ORANGE COUNTY Realtist Magazine

www.OCREALTIST.org

Ready to buy or sell?

Let me help you!

LEON TOWNSEND III MBA, Green and Notary Public DRE # 01979416 Phone: (800) 401-8994 x 733 Direct: (626) 372-9374 Email: leon.townsend@thepowerisnow.com Website: www.thepowerisnow.com

MOVING ON TO YOUR IDEAL PROPERTY?

CALL ME !

U O Y P L E H N I CA NICOLE BURNS Realtor BRE # 01359705 Office: 800-401-8994 x 712 Direct: 323-385-8940 Email: nicole.burns@thepowerisnow.com Website: www.thepowerisnow.com

REAL ESTATE MARKET FOCUS

Real Estate A Focus in

Anaheim

re you a real estate investor or a firsttime homebuyer looking for the perfect place to invest or buy your home? You should consider investing in the Anaheim real estate market. The market has been good, and 2018 was a remarkable year for Anaheim real estate investment. In this guide, we’ll tell you what makes the Anaheim real estate market a good place for buying or investing in real estate properties.

The Anaheim real estate market is considered to be one of the hottest housing markets on the west coast. The city is located just outside of Los Angeles, and is the most popular city in Orange County. In addition to that, statistics show that Anaheim is the tenth most populous city in the state of California, with a population of over 336,000 residents. This means that the demand for real estate is high in the city.

december 2018 issue

The ORANGE COUNTY Realtist Magazine

42

STRONG ECONOMIC INDICATORS The city of Anaheim boasts strong economic indicators. Anaheim’s economy is among the top strongest economies in the nation, due to the fact that the city enjoys a strong job growth rate and a low unemployment rate. Tourism is the backbone of Anaheim’s economy, as the city is home to Disneyland and California Adventure Park, two of the most popular theme parks in the United States. The parks contribute an annual $4.7 billion to the local economy and employ roughly 28,000 workers.

ANAHEIM REAL ESTATE MARKET In this blog post, we will focus on traditional real estate properties in Anaheim where you can buy, rent or sell for long term. Some might be interested in renting out short-term rentals

43

in Anaheim; that might not be the smartest option, however, since Anaheim Council banned short-term rentals as of February 2018. Here is summarized data on the Anaheim real estate market: • Median Property Price: $576,267 • Traditional Rental Income: $2,763 • Cash on Cash Return: 2.22% • Cap Rate: 2.22%

APPRECIATION RATES IN ANAHEIM HOUSING In the past decade, Anaheim has been experiencing high home appreciation rates.

The rate has appreciated an average of 2.7% annually. For long-term investments, Anaheim is among the best places to invest, because

The ORANGE COUNTY Realtist Magazine

www.OCREALTIST.org

MEDIAN SALES PRICE

there has been an increase in home sales and prices keep appreciating over time.

Despite the downward trend in the real estate market, Anaheim retains strong appreciation rates. The housing rates continues to be the highest in America, with a rate of 8% appreciation. Based on the last year, short-term investors have acquired a fortune through real estate investments in Anaheim.

A two-bedroom house between October 2017 and July 2018 was approximately costing $447,500. One year prior, a two-bedroom home costed approximately $435,000. A threebedroom home was approximately $590,000 between October 2017 and July 2018. A similar property was about $560,000 one year prior.

BEST NEIGHBORHOODS IN ANAHEIM Real Estate Investment Properties – Southwest Anaheim •

Median Property Price: $568,000

•

Traditional Rental Income: $2,578

• Cash on Cash Return: 2.03% • Cap Rate: 2.03% Real Estate Investment Properties – Anaheim Resort •

Median Property Price: $625,000

•

Traditional Rental Income: $3,938

• Cash on Cash Return: 2.69% • Cap Rate: 2.69% Real Estate Investment Properties – Southeast Anaheim •

Median Property Price: $612,450

•

Traditional Rental Income: $3,109

• Cash on Cash Return: 2.14% • Cap Rate: 2.14% Real Estate Investment Properties – The Colony

december 2018 issue

•

Median Property Price: $569,000

•

Tradition Rental Income: $2,589

•

Cash on Cash Return: 1.61%

•

Cap Rate: 1.61%

The ORANGE COUNTY Realtist Magazine

44

Real Estate Investment – West Anaheim •

Median Property Price: $549,000

•

Traditional Rental Income: $2,687

•

Cash on Cash Return: 2.62%

•

Cap Rate: 2.62%

Real Estate Investment – Northwest Anaheim •

Median Property Price: $539,450

•

Traditional Rental Income: $2,843

•

Cash on Cash Return: 2.72%

•

Cap Rate: 2.72%

Real Estate Investment – Anaheim Hills •

Median Property Price: $625,000

•

Traditional Rental Income: $2,656

•

Cash on Cash Return: 3.91%

•

Cap Rate: 3.91%

Real Estate Investment– Northeast Anaheim •

Median Property Price: $637,000

•

Traditional Rental Income: $2,078

•

Cash on Cash Return: 1.12%

•

Cap Rate: 1.12%

Going by the statistics above, Anaheim has a promising future for any real estate investor in 2019. The mentioned neighborhoods are those in which real estate investors will find the best real estate investment properties that will generate a high rate of return.

References: https://www.neighborhoodscout.com/ca/anaheim/realestate https://www.trulia.com/real_estate/Anaheim-California/ market-trends/

45

The ORANGE COUNTY Realtist Magazine

www.OCREALTIST.org

REAL ESTATE MARKET FOCUS

REAL ESTATE MARKET FOCUS IN

SAN CLEMENTE L

ocated between Los Angeles and the southern part of Orange County is a little Spanish village called San Clemente. The median price for houses there is approximately $1,296,000. This was an increase of 5% from October to November, with an increase in median list price per square foot from $473 in October 2018 to $488.

With plenty of attractions, San Clemente is a gem. It has some of the best beaches in California. The architecture is the mostly Spanish colonial style of houses, and approximately 60,000 residents call it home.

It has luxury estates, beach cottages with an amazing view of the ocean, rolling hills, and mountains.

San Clemente housing information The median home price is approximately $801,100, which is high compared to California’s median home price of $409,300.

Median rent in San Clemente is approximately $1,696 while California’s is $1,297. With a higher rate of owner-occupied households of 64.5% compared to California’s rate of 54.1%, this place is good for investment properties.

The home value index in San Clemente is approximately $962,100, which is high compared to California’s rate of $544,900.

Year-over-year appreciation is 5.76%, which is lower than California’s 6.53%. The five-year average appreciation rate is 6.26%, while the ten-year average appreciation rate is 2.15%;

december 2018 issue

this is slightly lower than that of California, which is 2.32%.

The home resale inventories in San Clemente is 236, which is a decrease of 8% since October 2018. Properties such as short sales and foreclosures remain the same as the total market rate in November.

New listings in San Clemente Properties that are listed in San Clemente include 20 Calle Gaultheria, which has five bedrooms and six bathrooms and is listed for $1,599,000; 212 Avenida Lobeiro, which is a 2,450 square ft home with a listing of $1,325,000; and 60 Paseo Vis, which features three bathrooms and three bedrooms and is located on a 1,748 square ft piece of land with a listing of $629,900.

Most viewed home in San Clemente 2956 Calle Grande Vista is a home that was built in 1966. It has a listing price of $895,000 with a lot size of 6,900 square ft.

This home is highly sought after due to its proximity to the beach. With the holidays just around the corner, this would be the best place to own a home. It has a remodeled kitchen which contains custom cabinets, a five burner gas stove, a double oven, a microwave, a dishwasher and both recessed lighting and pendant lights. It has nice golf course views and a large deck off the dining area which is just perfect for entertaining.

For more information regarding this property, click here: https://www.coldwellbanker. com/property/2956-Calle-Grande-Vis-SanClemente-CA-92672/7878038/detail.

References: https://www.movoto.com/san-clemente-ca/markettrends/ https://www.areavibes.com/san+clemente-ca/housing/ https://www.zillow.com/san-clemente-ca/home-values/

The ORANGE COUNTY Realtist Magazine

46

PUTTING OUR CUSTOMERS FIRST: Let Your Search End Here For a Professional Realtor

DRE: 01804551

We specialize Residential and Commercial Real Estate as well as Property Management. Serving the Inland Empire, Orange and Los Angeles counties. We have been in business for over ten years and as seasoned professionals, we are capable of addressing all of your real estate needs.

We are ready to assist you with all of your real estate needs.

Our approach is customized for each of our clients; our solutions are never onesize-fits-all. When you are ready to schedule a free home buying or selling consultation please feel free to contact us

FRAZIER GROUP REALTY “Your Real Estate Navigator�

3739 Sixth Street Riverside, California 92501 (951) 686-5261 info@ fraziergrouprealty.com www.fraziergrouprealty.com

THE OC LEGAL

No One Is P Safe from Predatory Lending Charges

redatory lending is the use of practices by lending organizations during the origination process that are unfair, deceptive or fraudulent.

Predatory lending benefits the lenders and ignores the borrower’s ability to finance the debt. For example, many lending institutions in Orange County have issued subprime loans to borrowers with poor credit.

Predatory lenders targets

Predatory lenders mainly target minorities, the poor, the elderly and the uneducated. They prey on people who need immediate cash for emergencies such as medical bills, home repairs or car payments.

Predatory lenders also target borrowers with credit problems or people who have recently lost their jobs.

Over the recent past, predatory lenders have been prevalent in the area of home mortgages. Home loans are backed by a borrower’s real property, which means that a predatory lender can benefit not only from the terms set for the loan but also from the sale of the foreclosed home, in case the borrower defaults.

december 2018 issue

The ORANGE COUNTY Realtist Magazine

48

The practices of predatory lending are usually not illegal, but they may still leave the borrower with ruined credit, with unmanageable debt, or even homeless. Predatory lending can take any form: payday loans, car loans, tax refunds, or any type of consumer debt.

What makes predatory lenders flourish “Predatory lending is a term that is used a lot now, but people mean different things by it,” says David K. Musto, a finance professor at Wharton and co-author of a paper titled, “Predatory Lending in a Rational World”. “What we take it to mean is [a situation where] I make a loan to you that reduces your expected welfare,” Musto says. “That is an example of me being a predatory lender…. I, the lender, know something extra about how this loan is going to play out.”

Three markets lend themselves to predatory lending: little competition among lenders, property owners sitting on lots of equity, and borrowers poorly informed about risks of taking out a loan. These are conditions that make predatory lending flourish. But how do such loans come about in the first place, when borrowing is completely voluntary?

Most people think that loans with extraordinarily high interest constitute predatory lending.

Critics often citing payday loans, which often charge more than 100% APR for loans in advance of the worker’s next paycheck. Loans that subject borrowers to high risk or to the possibility of default are also often referred to as predatory loans. In that context, it also refers to “negative amortization” mortgages, which allow borrowers to make low monthly payments, causing the outstanding balance to grow exponentially over time rather than get smaller.

corporations can be involved in predatory lending is slowly fading. What most professionals are realizing is that they can face the charges whether they are a part of a large corporation or run an independent business.

It is important to understand that predatory lending laws apply to everybody: small lenders, independent real estate brokers, mortgage brokers, appraisers, and individuals. Most of the charges occur because the lender failed to explain the terms of the loan and what the balloon payments are for.

The subprime loans come in various categories, but all tend to share a few common characteristics. All start with a teaser rate, which simply means a low rate which keeps initial payments small and makes it easier for borrowers to qualify. After a year or two, the rates reset to a newly calculated rate by adding a margin of six or more percentage points to an established floating rate. Typically, the reset rate involves a significant increase in the monthly payments – in some cases, a near double. Many of the subprime loans carry a prepayment penalty which makes it prohibitively expensive for the borrowers to refinance or pay off the loans during the first two or three years.

To end predatory lending, experts suggest that there should be laws aimed specifically at predatory lending. The North Carolina Predatory Lending Law (1999) is a good model to follow.

The law targets mortgages of $300,000 or less charging an interest rate of more than 8% above the benchmark U.S. Treasury rate. It also prohibits negative amortization, increases in interest rates after a borrower defaults, balloon payments, and other common features of predatory loans.

Sources

Originators should be careful Some professionals are shocked that they are facing charges of predatory lending.

The common misconception that only large

49

https://www.debt.org/credit/predatory-lending/ http://knowledge.wharton.upenn.edu/article/victimizingthe-borrowers-predatory-lendings-role-in-the-subprimemortgage-crisis/ https://www.nerdwallet.com/blog/loans/what-ispredatory-lending/

The ORANGE COUNTY Realtist Magazine

www.OCREALTIST.org

THE OC MORTGAGE NEWS

THIRTY-YEAR MORTGAGE RATE IN CALIFORNIA HITS SEVEN-YEAR HIGH

T

he mortgage rate varies depending on the personal requirements of the borrower.

According to a Freddie Mac survey, the 30-year fixed rate has leapt higher, averaging 4.72%.

over prices and their chances of finding another home may before long have the ideal chance. As the housing market hints at a slowdown, potential purchasers may encounter a short window in which they can see their dreams cometrue.

news for the real estate industry, it is a good news for buyers because more and more houses are becoming available due to this temporary slowdown in the rise of prices.

If this process continues, then more choices will be available for buyers at the end of this year.

A number of dealers have just started to trim their costs in order to compete. Land financier Redfin stated that about 29% of postings in real estate markets saw value decreases in October. Based on the current mortgage rates in California, we have singled out the five most affordable places in California for you to find a new home.

(Source: Freddie Mac)

The Four Most Affordable Places in California Lassen County

Accommodating 15-year fixed-rate mortgages were trimmed by 0.12%, leaving the offered rate here at 4.24%.

Initial rates for half and half 5/1 adjustable-rate mortgages additionally posted a decline, yet a lesser one, falling by 0.05% to close at 4.09%.

Existing home deals rose somewhat in October, climbing 1.4% from a month earlier to yearly rate of 5.2 million.

The National Association of Realtors additionally detailed that this ascent broke a sixmonth streak in which sales declined.

Purchasers who have spent the previous year stressing

While the low amount of sales might be disappointing

december 2018 issue

Lassen County is a district in the northeastern part of California. The region is situated around 125 miles upper east of Sacramento where the Sierra Nevada and Cascade mountains meet the desert of the Great Basin. As per the California Association of Realtors (CAR), information from the association’s

The ORANGE COUNTY Realtist Magazine

50

Traditional Housing Affordability Index demonstrates 64% of homebuyers could afford the mid-value, existing single-family home – $192,500 – in Lassen.

Kern County Kern County is a city in California with a population of 839,631. Its area is situated in Bakersfield. In Kern, one can easily afford the cost of the middle valued home, $244,000, as indicated by the CAR Traditional Housing Affordability Index.

Tehama County Tehama County lies roughly halfway between Sacramento and the Oregon coast and offers the peak of relaxed living. Just over half of homebuyers in the territory could manage the cost of the middle evaluated home – $215,900 – making Tehama a standout amongst the most moderate zones in California, as indicated by the CAR Traditional Housing Affordability Index. The biggest city in the territory is Red Bluff, with a populace of 14,287 individuals.

Kings County Kings County is also one of the more affordable spots for those hoping to purchase a home in California. Here, half of homebuyers can manage the cost of the middle-evaluated home –$235,000 – as per the CAR Traditional Housing Affordability Index. Like other affordable parts in California, Kings County is moderately small, with 150,101 residents.

The Power Is Now Online Events Every Tuesday at 12:30 PM and 7:00 PM, along with every Thursday at 12:30 PM, we are live on Youtube!

We educate our friends and followers about all of the latest mortgage programs, interview industry leaders and professionals, and give agents an opportunity to showcase their listings on our platform.

Overall, this year has brought a fortune for buyers, rather than for sellers. Though mortgage rates are higher than they were last year, their upward momentum has been temporarily halted.

References: https://www.washingtonpost.com/realestate/ cooling-down-of-market-could-be-good-news-forhouse-hunters/2018/11/13/2e988a9a-e6a7-11e8-b8dc66cca409c180_story.html?utm_term=.aa5d3d4d0151 https://www.bankrate.com/california/mortgage-rates. aspx https://www.ocregister.com/2018/09/27/will-amazontake-over-mortgage-lending/ https://www.marketwatch.com/story/mortgage-rateshit-a-seven-and-a-half-year-high-as-the-easy-moneyera-comes-to-a-close-2018-09-27 http://www.newslocker.com/en-us/region/anaheim/30year-mortgage-rates-hit-7-year-high-472/

51

See the weekly topics at: thepowerisnow.com/events/

The ORANGE COUNTY Realtist Magazine

www.OCREALTIST.org

THE OC COMMUNITY

ELECTIONS 2018: ORANGE COUNTY DISTRICT

ATTORNEY RACE RESULTS O

n June 5, 2018, Orange County held an election for district attorney. Since no candidate received a ma jority, a runoff was scheduled for November 2018. The four candidates ran for the seat: Tony Rackauckas, Todd Spitzer, Brett Murdock, and Lenora AlbertSheridan.

The election results Todd Spitzer emerged as the winner, succeeding former attorney general Tony Rackauckas. Tony had been in office for five terms, and had returned to office in 2014 with 73% of the vote. In July 2017, Todd declared that he was going to challenge Tony due to the many scandals in Orange County Attorney’s office.

Tony Rackauckas Tony Rackauckas was the incumbent district attorney, and he been facing criticism for mishandling jailhouse informants, leading to more difficulty in convincting and sentencing defendants.

According to the American Civil

december 2018 issue

Liberties Union, use of jailhouse informants by Orange County has continued for decades.

Scott Sanders, the assistant Orange County Public Defender, claims that more than 140 cases might have been poorly managed and mishandled due to the use of jailhouse informants. Due to all the scandals in the attorney’s office during Rackauckas, voters denied him a sixth term.

Todd Spitzer Todd Spitzer, a nonpartisan, is going to run the office in 2019 after winning the position of new Orange County district attorney in the runoff. He defeated incumbent Tony Rackauckas in the general election for Orange County with 305,453, or 52.9% of votes. This compares to Tony Rackauckas’s 271,483 votes, or 47.1% of the votes. Spitzer has worked in the public service sector serving as a county supervisor and a prosecutor. He also worked in the state assembly, and as a school teacher and a school board member. He said that he wants to restore Orange County’s glory and restore “faith and trust in our law enforcement and the justice system.”

The ORANGE COUNTY Realtist Magazine

52

Lenore Albert-Sheridan Lenore gathered 20,890 votes, or 3.8% of the total votes cast. She had been suspended by the California State Bar prior to the elections, but was still included in the ballot for the primary Orange County district attorney elections. She had been suspended until she could pay sanctions and other fees that she had not cleared.

Brett Murdock Brett, a nonpartisan, was a former mayor in Brea. During the primary election for district attorney, he acquired 121,818, or 22.4%, of the total votes.

53

References: https://patch.com/california/orange-county/orangecounty-district-attorney-race-2018-election-results https://en.wikipedia.org/wiki/Orange_County,_ California_District_Attorney_election,_2018 https://www.ocregister.com/2018/11/06/election2018-tony-rackauckas-and-todd-spitzer-locked-infierce-battle-for-district-attorneys-office/

The ORANGE COUNTY Realtist Magazine

www.OCREALTIST.org

Purchase your home with just 1% down ONE MONTH’S RENT COULD GET YOU INTO YOUR

DREAM HOME

You put down 1%, your lender contributes 2%*, giving you 3% equity at closing Great low rates | Close in 30 days or less | Available with no monthly mortgage insurance *2% lender contrbution may only be applied to down payment

CALL TODAY FOR THE CONVENTIONAL 1% DOWN WITH EQUITY BOOST PROGRAM

Call me for details: ERIC LAWRENCE FRAZIER MBA CA BRE: 01143484 | NMLS 461807 The Power Is Now Inc. CA BRE: 1980407 | NMLS 1435243 Website: www.thepowerisnow.com

Email: eric.frazier@thepowerisnow.com Mobile: 714-361-2105 Office: 800-401-8994 ext. 703 Fax: 800-401-8994

The Power Is Now Inc., is a Mortgage Brokerage Licensed by the State of California CALBRE License #1980407 and is not affiliated with any state or federal agency. Go to www2.dre.ca.gov for verification. The Power Is Now Inc., is also licensed by the NMLS License #1435243. Go to www.nmlsconsumeraccess.org for verification. The Power Is Now Inc., is an equal housing lender. Our corporate office is located at: 379 6th Street Riverside, CA 92501. Telephone and Fax: 800-401-8994. Eric Lawrence Frazier, MBA is a California Licensed Loan Originator NMLS# 461807. This is not a commitment to lend or extend credit. Restrictions may apply.

Information and/or data is subject to change without notice. All loans are subject to credit approval. Not all loans or products are available in all states.

Online Real Estate

Marketing

Session EVERY THURSDAY

FROM 12:30 PM TO 1:30 PM PDT

• Facebook Live enables us to target buyers specifically and specific geography.

• Being live on video allows you to creatively share excitement and

Reasons to Promote Real Estate Listings Live on Facebook and BlogTalkRadio

• Online Radio provides more time to promote your listings.

• Millions of consumers are online and listen to Online Radio and Video.

emotion about your listings.

• Consumers can listen to online radio and Facebook Live 24/7.

• The human voice adds immeasurable value to selling Real Estate, as opposed to relying on a simple flyer.

• Facebook Live has no advertising

clutter and provides immediate feeback about your listing.

Click Here for More Information!

The Power Is Now Mortgage Services is a Mortgage Brokerage licensed by the State of California Bureau of Real Estate (license #1980407) and the National Mortgage License System and Registry (license #1435243), and is a division of The Power Is Now Inc. (license # 01980407). The Power Is Now Inc. is not affiliated with any state or federal agency. The Power Is Now Real Estate Services is also licensed by the State of California Bureau of Real Estate (licensed #01980407), and is a division of The Power Is Now Inc. The Power Is Now Inc., is an equal housing lender.Our corporate office is located at 3739 6th Street Riverside, CA 92501. Our Telephone and Fax number is 800-401-8994. Eric Lawrence Frazier MBA, is a California licensed Loan Originator (NMLS license # 461807), and a licensed Real Estate Broker (CA Bureau of Real Estate license #01143484). Restrictions may apply to all loan programs. The Information and/or data is subject to change without notice. All loans are subject to credit approval. The information presented is not a commitment to lend or extend credit. Not all loans or products are available in all states. The Power Is Now Mortgage Services and Real Estate Services are A Division of The Power Is Now Inc., and are only licensed to conduct business in the State of California.

THE OC COMMUNITY

ORANGE COUNTY BOARD OF SUPERVISORS GIVES FUNDS TO THE NEEDY AND HOMELESS

T

he Orange County Board of Supervisors has approved ma jor funding to help the needy and homeless people in the county.

The recently approved funds by the board will be used to help the neediest people in Orange County. They will be used for restaurant meal programs and provide added homeless shelter.

The board received more than $15,000,000 to fund the care of the area’s homeless and needy residents.

The board approved $250,000 to expand the restaurant meals program, which is a program set aside to feed and provide food to homeless, disabled and elderly residents. The restaurant

december 2018 issue

food programs are helpful, since most of the needy rooms for rent have no space for preparing or storing food. Orange County has a pilot project that has been in operation since February to sell food to those residents who qualify to buy meals from local restaurants in Santa Ana and Anaheim.

Approximately three dozen restaurants have been serving meals to people with a connection to this project. With additional money being poured into the food programs, the number of restaurants expected to participate in the feeding of the homeless and the needy is expected to rise to 150. Through this, better services will be

The ORANGE COUNTY Realtist Magazine

56

the desire to do so. Faster processes will help in saving more homeless people and in providing better care to those who deserve it.

Homeless Emergency Aid Program The board also set aside and approved a budget of approximately $5.6 million for Placentia and approximately $6.4 million in Buena Park to build shelters for transients.

The board also approved the acquisition of an industrial building for approximately $12.25 million, but it is not yet clear what this building is intended to be.

According to Supervisor Shawn Nelson, whatever the

of fere d and more people will be able to access the help granted by these restaurant food programs.

57

county deemed fit to do with the building should be done as soon as possible. He also added that things can be accomplished more quickly if the involved parties had

The Orange County government is doing a great job of setting aside money for these people. With more funds being devoted to such programs, many children currently in the streets will benefit. Many youths and adults will live a better life and have a hope of things getting better.

Conclusion As a society, we should support these people through the donation of food to help the homeless, shelters, clothes and other basic needs. Some programs are supported entirely through donations.

One can actually change someone’s life through the little help one has to offer. In this season of giving, nothing is too little to offer to someone who actually needs it.

References: https://patch.com/california/orangecounty/orange-county-supes-giveback-needy-homeless-funds

The ORANGE COUNTY Realtist Magazine

www.OCREALTIST.org

THE POWER IS NOW EVENTS

YOU’RE INVITED TO ATTEND THE POWER IS NOW REALTOR SEMINAR AT IVAR

T

he Power Is Now is excited to invite you to attend the Best Realtor Seminar at Ivar on December 6, 2018, from 8:45 a.m.-10:45 a.m. In just three hours, you’ll be armed with the most pertinent information you need to be a successful Realtor. You will learn about various programs, how you can close with little or no money down, and Bitcoin and its impact on real estate. You will also meet other industry professionals and grow your network.

The Power is Now is a multimedia company specializing in real estate and banking and financial literacy. Our goal is to empower people with information that will help them move up the economic ladder by becoming homeowners and starting to build wealth. The Power Is Now is bringing this special seminar for real estate professionals.

We invite you to join us for this free information seminar designed to educate those Realtors who may be willing to help their clients generate income, build a property portfolio, buy a bigger home, or pay down their mortgage more quickly.

The seminar will have two brief but very informational sessions. In the first session, Eric Lawrence Frazier, MBA, the CEO and founder of the Power Is Now, will tell how you can close with little or no money down.

Eric Frazier is the Founder and Executive Producer of the Power Is Now Online Radio Program. With his wealth of experience and knowledge about the industry and real estate, you’ll be able to learn everything that you need to know to grow your business. In this session you will learn: • The Fannie Mae and Freddie Mac first-time homebuyer programs • How and why to finance a four-unit property with only 3.5%-15% down • HUD Approved DPA Programs – zero down payment with a 3.5%-4.5% grant • CalHFA zero down payment assistance programs • 5% down to $1.5 million non-prime loans no tax returns • 10% down to $2.5 million non-prime loans no tax returns • ATR (Ability to Repay) loans – no income documentation to 75% LTV • Private equity loans for investors to purchase or refinance • One-time close construction loans – FHA, VA, USDA

december 2018 issue

The ORANGE COUNTY Realtist Magazine

58

As real estate goes, we are very involved in the real estate community. The Power is Now is about education. Mr. Frazier will talk about the benefits of these programs and how you can use them.

If you’ve just started thinking about how to invest in real estate, you’ll learn the true value of investing in Bitcoin – and also discover that you don’t need a lot of money to start. If you already have real estate investments, you’ll learn how to evaluate your current holdings and gain new insights about cryptocurrency in real estate.

During the second session of this seminar, Jamar James (aka Digital Currency Guy), a proven cryptocurrency trader and Bitcoin/ blockchain expert with a diverse background in computer science who has helped create high-frequency auto trading bots, will tell you how Bitcoin is going to become the future of every investment sector. The Digital Currency Guy is well known as an influencer and has over 40,000 followers on Facebook. He has worked with and advised some of the world’s leading social media influencers, Fortune 500 CEOs and tech investors.

Learn what Bitcoin is and its future impact on Real Estate. In this session you will learn: • Cash to crypto: how, where, and with whom to buy Bitcoin • Bitcoin: How it is going to impact real estate?

• The process of buying and selling real estate with cryptocurrency • Can you make additional income with cryptocurrency?

• How to attract more homebuyers and home sellers with cryptocurrency For more detailed information, go to The Power Is Now and look at the events. Register now for this seminar and watch your real estate investment portfolio and profits grow. We look forward to seeing you at our seminar.

CLICK HERE TO SEE THE UPCOMING REALTOR SEMINARS

NATIONAL MEETINGS

NATIONAL CONVENTION 2018 T

he National Association of Mortgage Brokers (NAMB) is a professional association that represents the interest of mortgage brokers in the United States. The association promotes professionalism and helps maintain the ethical standards of its members.

In addition, the association mandates that members adhere to a professional code of ethics. NAMB provides education opportunities and offers rigorous certification programs which recognize members with the highest levels of professional knowledge and education.

The association was founded in 1973 and has over 27,000 members. The bylaws of the association outline that a member of the organization is involved in the creation of the opportunities to bring together professionals in the industry to network and discuss the best practices. It is for that reason that NAMB hosts one annual convention each spring and sponsors or cosponsors additional

december 2018 issue

meetings each year and throughout the year.

The organization also exists to collect and disseminate information about the industry to its members in an effort to make them more productive. The organization also conducts a monthly survey of its members in which it asks members questions about the state of their industry, as well as for a description of obstacles to a healthier housing market.

The association also serves as a lobbying group for the mortgage brokers, fighting for their interests in Washington, D.C., and in state capitals around the county.

NAMB collects information about relevant legislation under consideration and passes the information along to its members.

The 2018 Annual Convention The National Association of Mortgage Brokers is committed to bringing

and promoting the highest degree of professionalism and ethical standards for its members. In addition, NAMB offers numerous educational programs and offers rigorous certification programs to help its members achieve the highest levels of professionalism, knowledge, and education.

This year, NAMB will host its annual convention December 8-10 at Caesar’s Palace in Las Vegas. NAMB National is the premier mortgage conference in the United States solely focusing on you as the mortgage professional. Come to learn, interact, and network with old friends, and make new ones at the show.

You will also have the chance to attend fantastic breakout sessions presented by industry-leading companies.

This trade show will feature keynote speakers like Larry King and many others. You will also be entertained by Boyz II Men. Come out and be a part of this unbelievable event. To make reservations, click here.

The ORANGE COUNTY Realtist Magazine

60

Home Ownership

By Eric Lawrence Frazier MBA

Home ownership brings stability to individuals and families who have never had a dwelling place that they could call their own. There is something special about owning real estate that is unlike anything else on earth you can own.

Real Estate you own is not like cars that decay over time and you have to replace them.

Real Estate you own is not like clothes that go out of style and you have to buy new ones.

Real Estate you own is not like expensive vacations or experiences that only last a moment in time.

Real Estate you own is not like an apartment where the landlord may increase the rent until it’s no longer affordable.

Real Estate you own is not like staying at your parents house where you know can’t stay forever.

Home ownership is the beginning of wealth that increases over time and becomes your estate & legacy Home ownership is the pride of a mother nurturer and the kitchen her domain Home ownership is the pride of a father provider and protector of his territory and family.

Home ownership is the foundation of permanence and the place where life happens, birthdays celebrated, deaths mourned.

Home ownership is the place you build memories that can never be taken from you.

Memories etched in walls and concrete, experienced in rooms and floors, Memories living in trees and shrubs planted by your hand.

Howe ownership is the manifestation of you - your style, your colors, your smell, your stuff, your junk, your memories, your yard and your spaces, your life.

It’s the height markers on your first child’s bedroom wall.

It’s the hearts drawn in the concrete slabs when you pour your patio floor It’s the birthday parties, and anniversaries in the living room and kitchen.

It’s the back yard barbecue with friends, neighbors and family contentions it’s the high school and college graduation, and wedding receptions Its’ the family nights and block parties and the fellowship of family connections Home ownership It’s more than real estate. Land, brick and mortar, wood frame construction and chicken wire.

It’s more than money saved, gifts recieved and grants obtained It’s more than the debt you incur to buy it.

It’s more than the payments you make to own it.

It’s more than the appreciation that comes with keeping it over time.

It’s memories, it’s family, and it’s life that can happen in one place Until you say it’s time to move.

december 2018 issue

The ORANGE COUNTY Realtist Magazine

62

Our board of directors

Christina Kimble PRESIDENT

R. Ann Ellis Hall SECRETARY ann.annellis@gmail.com 626-864-4127

Kym Thompson DIRECTOR AND ASSISTANT TO THE PRESIDENT kym.thompson@ocrealtist.org 714-293-2098

Ivery Summers FIRST VICE PRESIDENT ivery.sells@verizon.net 310-920-3455

Felsia Dailey DIRECTOR OF MARKETING fdailey@ocregister.com 714-856-1743

La Toya James VICE PRESIDENT OF AFFILIATE latoyajamesrealestate@gmail.com 323-767-6933

Successs Money SECOND VICE PRESIDENT success.money@ocrealtist.org 800-790-0941 ext. 737

63

Edilma Friesen EXECUTIVE VICE PRESIDENT Edilman.Friesen@ocrealtist.org 949-209-7708 657-900-2066

Mary Ann Epstein VICE PRESIDENT OF TECHNOLOGY maryann@realpro.la 909-539-7196

For information about membership and upcoming events please go to www.ocrealtist.org

The ORANGE COUNTY Realtist Magazine

www.OCREALTIST.org