REAL ESTATE JOURNAL
FALL 2021
2. Tight-Knit Engagement is Key to Our Success
6. Wholesaling and Options in an IRA: How it Works
2. Safety Concerns are Everyone’s Business
8. The Toolbox You Need to Streamline Your Numbers
3. NREIA Legislative Update
15. How to Invest in Real Estate in an Overpriced Market
5. Life Happens; How You Deal With it is What Counts 6. Wholesalers Who Cloud Title
16. What Drives Your Management Style?
Circulated To Over 40,000 Real Estate Investors Nationwide
$4.95
RE Journal
Member Spotlight
Vol. 6 Issue 4
Red and Blue Economics By Chris Kuehl, Ph.D.
T
Harry & Victoria Diamond
H
arry & Victoria Diamond co-founded their South Florida-based company, Valor Ventures Inc., in 2012 while they were still dating. They are active members of Broward REIA (BREIA) and have become coaches to their mentor students while having private students of their own in South Florida and the Tampa markets. Both Harry and Victoria are community-minded and volunteer whenever they can. They are both Community Emergency Response Team (CERT) area leaders, as well being members of its Steering Committee. In addition, Harry sits on the Emergency Medical Services (EMS) Advisory
his is a piece that is almost guaranteed to offend although that is really not the intent. There are a great many issues that seem to separate the country into “red” camps and “blue” camps and most of them are political or rooted to some degree in culture. There are differences over response to the pandemic as well. Are there differences related to the economy also? The short answer is yes but that is too simple. There are four significant economic differences that seem to follow the red/blue divide. The first is whether to focus on the resumption of business or addressing the impact of the pandemic. The second is the extent to which the government should engage in actions designed to blunt the impact of the economic downturn. The third addresses
the approach to other major issues such as climate change and the fourth addresses the extent to which individual choice or collective good dominates policy. All four of these create no small amount of controversy and all four have implications for those engaged in real estate. From the very beginning of the pandemic crisis there was controversy over how best to handle something that very little was known about. The decision
To Flood or Not to Flood By Martha Teears and Susan Gropp
O
ne of the biggest exposures a property owner has is the potential for a major flood loss which is not covered under your landlord investor or homeowners insurance policy. You must purchase a separate policy for this type of protection. If you have ever been to the Arcana booth at a conference or listened to us speak live or on a podcast, we always recommend the investor to get a flood quote whether the lender is requiring flood insurance or not. Most Federal Emergency Management Agency (FEMA) maps are outdated and sometimes give inaccurate information, especially in an area that is experiencing tremendous development or is “downstream” from a city or town that is growing rapidly. Think about it, when you cover the earth’s surface with concrete, that water must go somewhere. A typical question we hear is: “Why Continued on Page 10
ALBANY, OR PERMIT NO. 188
P A I D
PRSRT STD US Postage
Continued on Page 12
Rental Housing Journal, LLC 4500 S. Lakeshore Drive Suite 300 Tempe, Arizona 85282
to engage in a massive lockdown or quarantine was based on the fact it was too late to halt the arrival of the virus and there was inadequate testing capacity. The assumption was that the virus would follow the same pattern as the flu outbreaks had in the past and would cease being a major issue within a month or two. The lockdown was expected to end by Continued on Page 18
Published In Conjunction With
nationalreia.org
rentalhousingjournal.com