"OUR HOME PATH" is an incredible SOLUTION. Restic Properties introduced a program thru the convention that, in one stroke, solved the leasing quandary for select renters, and eliminates the headaches for investors seeking above-average returns, in single-family residential real estate. The program at the shared equity convention was called "Our Home Path".
I} learned that long term property values rise quicker than salary according MSN.com. That savings rates are at new lows, divorce rates continue to rise. Self-employed individuals cannot provide sufficient income substantiation, and over 40% of the populace has credit worries at any given time. The absence of loan qualification means that many first time and previous householders have no hope of achieving home possession again.
Recognizing home property has a noteworthy long term record compared to all the other investments. However, many backers have stayed away from making an investment in single-family houses because tenancy issues, management issues, inconvenience, time, and negative money flow. With the returns and elimination of the management headaches and negative money flow, they would seek the RESTIC solution.
The convention showed us how the buyer known as an Occupant Financier in the Restic Program could buy a place in a particular area and price range. Spotting I could afford monthly payments, but can't afford a twenty p.c. Deposit. I went thru the steps to qualify as a Restic Occupant Investor. They then matched me with a Restic Capital Financier that had additional money to invest. The capital liked real estate, however they do not want to be an owner, or make monthly payments.
THE CONCEPT
"Capital Investors" qualifies to participate in the Restic proprietary program to purchase upscale, quality properties in better neighborhoods from trouble sellers. The Capital Financier is seeking longer term property appreciation thru leverage and the results of compounding and possible tax benefits (like 1031) without any of the tenancy headaches - negative money, upkeep, vacancies, and so on. Leverage in the property could cause eye-popping returns that are 3 or four times higher than inflation. Tax benefits are generous. The tortoise philosophy ( vs. The hare that typifies property flipping ) can reward the participants and their heirs handsomely.
Occupant Investor (Buyer)"- Qualifies as Occupant Investor through the Our Home Path Program. The Occupant Investor lives in the property as an owner and, by contract, gains tax advantages. He pays all taxes, HOA fees, mortgages, maintenance, benefits. He gains the opportunity to live in mortgages, upkeep, and so on. He gains the benefits of home ownership.
Ted the Tortoise says "We are living in an opportune time. Rarely do we recognize it. Fear and uncertainty are our worst enemies, yet there are more millionaires being made today than at any time in history. Seventy Four percent of their wealth comes from Real Estate". If ever there was a time to purchase great properties for peanuts. It's Now!
I purchased a property through the Restic properties portfolio and purchased a property there had been a then what the property sold for two to buy great location. Ted says "I can't build them for the prices they're selling a property for and neither can anyone else. And, SANDAG says we'll have another million 2 years back in San Diego by 2020.
The seminar was awesome and I would recommend it to anyone to attend. The website is great along with the Ted the turtle newsletter I receive every month.
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