Los Angeles Real Estate Podcast with Jose Morales

This episode #42 of the Morales Group Show, we will be talking about the real estate exit strategies Alex mostly uses. Our guest is an active investor in the real estate markets of Florida, Indiana, Virginia, Tennessee, Nevada, and other markets.  In this episode, Alex Quezada will be sharing with us the pros & cons of different asset classes and talk about the different exit strategies after finding a deal.  Learn how to make the most money of your deals!  0:10 Introduction 2:02 What is wholesaling? 4:25 Getting started in real estate investing! 9:45 Alex’s Real Estate Portfolio12:00 Favorite asset class 13:10 How was it finding your first storage facility? 14:25 Consistency is key!16:30 Pros & Cons on Mobile Home Park & Multi-Unit 18:50 What is the Key to Investing Out of State? 20:35 How do you get to know the marketplace? 23:18 How do you determine to wholesale, flip, or keep a deal? 25:33 Are there any profit margins on the deals? 26:00 What is a subject to deal? 28:00 Making offers on a property? 33:33 What would you attribute your success to? 36:18 Attracting new people to work with you?  Connect with Alex Quezada: Instagram: https://www.instagram.com/alex.theinvestor.quezada/QuickCashOffer.com

We are super excited for interview #43 with The Morales Show.  Our guest is an experienced accountant with a wide range of accounting services including government audits, commercial audits, tax planning and preparation for corporations, partnerships, and individuals.  Our guest, Andre Kiefer will be sharing with us how you can best prepare and take advantage of tax depreciation for 2021.  Comment below if you have any questions about bookkeeping or depreciation accounting in general.  0:09 Introduction0:58 What is depreciation? And who benefits? 2:44 Who determines the depreciation period?4:06 Are there certain items that could depreciate sooner/today? 4:27 Immediate Expenses 4:40 Bonus depreciation explained6:10 Section 179 explained7:20 Using leverage for asset depreciation 8:50 Non-cash expense explained 11:42 Do you need to buy equipment for this year? 13:00 Depreciation from a Real Estate perspective? 13:42 What is eligible for depreciation? 14:00 How long is the depreciation for different real estate investments?17:19 Bonus depreciation for Real Estate 18:30 Cost segregation study explain 24:50 Is there a depreciation tax? (depreciation recapture) 27:00 1031 exchange with a real estate property31:30 What happens to the property after passing away? Connect with Andrew Keifer: Email: [email protected]: (805) 988-3222

This episode #42 of the Morales Group Show, we will be talking about the real estate exit strategies Alex mostly uses. Our guest is an active investor in the real estate markets of Florida, Indiana, Virginia, Tennessee, Nevada, and other markets.  In this episode, Alex Quezada will be sharing with us the pros & cons of different asset classes and talk about the different exit strategies after finding a deal.  Learn how to make the most money of your deals!  0:10 Introduction 2:02 What is wholesaling? 4:25 Getting started in real estate investing! 9:45 Alex’s Real Estate Portfolio12:00 Favorite asset class 13:10 How was it finding your first storage facility? 14:25 Consistency is key!16:30 Pros & Cons on Mobile Home Park & Multi-Unit 18:50 What is the Key to Investing Out of State? 20:35 How do you get to know the marketplace? 23:18 How do you determine to wholesale, flip, or keep a deal? 25:33 Are there any profit margins on the deals? 26:00 What is a subject to deal? 28:00 Making offers on a property? 33:33 What would you attribute your success to? 36:18 Attracting new people to work with you?  Connect with Alex Quezada: Instagram: https://www.instagram.com/alex.theinvestor.quezada/QuickCashOffer.com

SAVE $19K on Property Reassessment to Your Children!! Proposition(s) only available in California… that not many know about!! Not knowing about these propositions will cost you thousands of dollars. Imagine transferring your property to your children and just on property taxes alone have to pay $19,000!! What would you do in this situation? Sadly, many families decide to sell the property to avoid paying this amount of taxes. Watch episode 40 with Tanis Alonso who represents Commercial Loan Corporation to learn how you can Avoid the Property Reassessment Taxes! 0:12 - Intro 1:00 - When does a property reassessment happen in California 1:27 - Avoiding property reassessment from father to son2:27 - What if the property reassessment is under a trust3:40 - What type of problems typically arise? 7:30 - Does the beneficiary keep the property under the trust’s name?9:40 - Under what circumstances does it make sense to keep the property tax assessment? And what to look into this process? 12:37 - What is partially reassessment? 13:54 - Probate vs Trust? What does the process look like?16:00 - How long are the loans? Fixed rate? Interest rate?17:51 - What is proposition 13? 18:19 - What is proposition 58? 19:19 - How do people qualify for this?21:00 - Can they keep it for multiple generations?21:57 - What are some of the mistakes with property reassessment?30:00 - How to contact Commercial Loans Corporation?

An exclusive two-hour interview with Sam Newell an expert in Commercial Real Estate. Shares the number-one mistake all real estate investors make.He also discusses a couple of strategies for commercial real estate investing.Don’t Forget To Subscribe To The “Jose Luiz Morales Show” → https://bit.ly/32xZbGqThe following topics were discussed:*→ Residential Multi-Unit & Commercial Multi-unit*→ Pros & Cons*→ Available Loans*→ Economies of Scale*→ Rental or a Single-Family Home*→ Buying Duplex Triplex or Fourplex*→ Where You Investment*→ The Strict Rule of Percent*→ Some Type of Debt Coverage Ratio*→ House Hacking*→ Tax Shelter*→ Tax Benefit*→ The Downside To Maybe Purchasing A Commercial Unit and more…

This episode #41 of the Morales Group Show and we have a super special guest! Our guest has been seen on Yahoo Finance 2020 and other well known Real Estate Podcasts. In this podcast, Ron Rana will be sharing his journey and investing tips & strategies for single-family homes, apartment complex, mobile homes, land & multi-family deals. Redefine your strategies for today’s market!!  0:12 Introduction 1:59 Finding the first deal5:30 Use Reverse Wholesale to get to the TOP8:15 The importance of work ethic8:48 Basics of Wholesaling Real Estate 10:49 Findings Deals & Building Rapport 12:33 Assigning equitable interest in the property15:00 You DON’T have to own the property17:03 Basis of Wholesaling: Finding a GREAT deal 19:00 How can someone be the GO TO for deals (use this as #1 scene)20:13 Top 3 ways to get a deal for no money out of pocket27:27 Hyper targeting lists 31:50 How can someone go from NOTHING to building a Wholesaling business   38:01 Number one mistake wholesalers do42:25 What makes a GOOD & BAD Wholesalers (use this as #2 scene)47:18 Wholesale Business = repeat business 49:05 Building your CASH buyer list 50:35 What is Wholetaling Real Estate 52:13 Does the seller (homeowner) know you’re NOT the end buyer?57:07 Roles of a disposition and acquisition agents 59:37 Your first hire in your wholesaling business 1:05:47 Only HIRE people you CAN’T afford 1:06:38 Payroll breakdown for disposition and acquisition agents 1:11:45 No matter who wins, we will make money! 1:19:51 Get More Information to the Whoelesaling course, visit WholesalingRE101.com

Welcome back to the Jose Luiz Morales Show, we have Joe Nuñez, who will be speaking to us about Typical Commercial Leases Terms. In this episode we will be talking about from both the landlord and the tenant perspective. Joe Nuñez is the managing partner of The Westford Law Group and is an expert in Real Estate Law, Estate Planning, Business Litigation. It is very important for you as a tenant to understand what your options are when leasing a commercial lease. Now more than ever, due to the pandemic is important to know what type of lease you have and what are the different types of leases that are available.

In this video, we will go over the importance of an escrow account from a real estate agent perspective and escrow officer - Danita Barroso. By the end of this video, you will understand the importance of escrow when buying your first home. Danita will answer some of the following questions. “Do I have to pay my mortgage or property taxes if I’m currently in escrow?” “What does it mean when an escrow officer sends me a ‘net sheet’?” From addressing the real threat of wire fraud to the importance of loan documents and more…

Recently, I had an enlightening conversation with Ventura County real estate agent, business owner, and investor, David Albanese. David and I assessed the Small Business Administration’s COVID-19 disaster relief program that can give eligible business owners an advancement of $10,000 and a subsequent loan to help them stay afloat. How is the money disbursed? What challenges are business owners facing when they try to apply through a bank’s SBA representative? David has helped several business owners navigate this process already; if you’re a business owner or an independent contractor, you don’t want to miss this interview. To watch our full discussion, watch my latest video. https://www.myhomeseekers.com/blog/breaking-down-sbas-10k-relief-plan/

Recently, I was fortunate enough to sit down with Frank Salazar, co-owner and partner in Gem Mortgage, to discuss mortgage relief in the wake of the pandemic. Together, we explored the implications of the CARES Act, and he offered advice as to what may be in a homeowner’s best interest right now (depending, of course, on their specific circumstances). Homeowners should ask their loan servicer two important questions: “What is my repayment plan?” and “Will my credit score be negatively affected?” To hear our entire highly informative conversation, watch my latest video. https://www.myhomeseekers.com/blog/understanding-mortgage-relief-and-pandemics-impact-lenders/

Welcome back to Episode 27 of The Morales Group Show! Today, Tamara Rossie-Melina from First American Home Warranty joins me to answer some of the most common questions she gets about home warranties. To learn what you need to know if you’re planning to buy (or sell) a home, watch our recent discussion here.  https://www.myhomeseekers.com/blog/what-home-warranty/

Do you have to pay taxes when selling your home? What are the tax implications of selling a primary residence, second home, or investment property? For Episode 26 of the “Jose Luiz Morales Show,” I’m joined by CPA Andrew Kiefer to answer these important questions. This is a topic not many people think about when selling their home. Selling high and buying low is a great strategy in theory, but there are tax payments that need to be factored into it that may impact your real estate goals. To find out more, watch this short video.   https://www.myhomeseekers.com/blog/home-sale-tax-implications/

On the latest episode of the Jose Luiz Morales Show, we’re joined by Mike Skoczylas of Madison Exchange, LLC. I’ve been getting a lot of questions from homeowners and investors about 1031 exchanges and how they work, and there’s no one better to ask than Mike. We talked about the benefits and disadvantages of 1031 exchanges, how you can qualify for them, and much more. To see the full conversation, watch our latest video.​​​​​​​https://www.myhomeseekers.com/blog/everything-you-need-know-about-1031-exchange/

Yonah Weiss, today’s guest on the “Jose Luis Morales Show,” has helped me to save a lot of money in taxes over time, so who better to help me address some strategies that you can use to save on your own taxes? He works for Madison Specs, a cost-segregation company, which is something that all real estate investors absolutely need to know about. By the end of today’s show, our goal is for you to walk away with your mind blown. To learn what you need to know, watch episode 20 of the “Jose Luis Morales Show.”https://www.myhomeseekers.com/blog/how-donald-trump-pays-zero-dollars-federal-taxes/

Welcome to episode 23 of the “Jose Luiz Morales Show.” This time, I’m joined by Aaron Norris of the Norris Group to talk about an important new bill recently passed by the state of California regarding accessory dwelling units (ADUs). This new bill affects homeowners and real estate investors alike, and there’s plenty of opportunity to be had by its passing.   Once again, I’ve provided timestamps from our interview below. You can browse specific topics at your leisure or watch the video in full:    1:45—The reasons behind this new bill   4:36—What an ADU is and which rules and regulations have changed 8:41—Why this new bill is good for investors  9:50—Size and building requirements for ADUs 14:14—Do ADUs have to be attached or detached? 16:05—ADUs can be bigger than 1,200 square feet, but only under certain circumstances 17:50—When you can have multiple ADUs on one property  19:30—Fee restrictions  20:55—Parking restrictions  23:20—Important questions to ask before building an ADU 24:49—How long does the city have to respond to your permit application? 26:07—Why you must make sure your ADU is structurally sound  27:07—What happens when this bill expires in 10 years?  28:35—Why you should find out if your city is for or against ADUs 30:15—Are there any incentives to use ADUs to provide low-income housing? 31:31—Wrapping things up   Stay tuned for the next video I feature Aaron on where we’ll talk about another important topic: rent control. In the meantime, if you have any questions for me about this or any other real estate topic, don’t hesitate to reach out to me. I’d love to help you.

Welcome to episode No. 22 of the “Jose Luiz Morales Show.” Today I’m joined by professional appraiser Roy Villa to talk about the role appraisals play in the home selling process. Roy will discuss how appraisers determine a home’s market value and answer any and all questions you have about the appraisal process. To start, an appraisal is defined as an unbiased estimate of a property’s market value, and this estimate is based on comparable market activity for the surrounding area. An appraisal is an opinion of value, so just because one appraiser values a property at a certain price doesn’t mean another will value it at that same price too. To find out everything you need to know about appraisals, how they affect you as a buyer or a seller, and what your appraiser might not be telling you, watch this video.https://www.myhomeseekers.com/blog/appraisals-their-impact-home-sales/

Welcome to episode No. 21 of the “Jose Luiz Morales Show.” This time, I’m joined by Marc McKenzie of Acorn Law to discuss a topic that’s not often discussed, but is important nevertheless: How to take care of mom and dad as they get older. Marc specializes in elder law and estate planning, and he has some important advice to share that will help you and your family deal with this emotionally and financially complex task. To see our full discussion, watch my latest video.https://www.myhomeseekers.com/blog/how-take-care-mom-and-dad-they-get-older/

Welcome back to another segment of the “Jose Luiz Morales Show!” For episode No. 20, we were lucky enough to be joined by Martha Salas, a lending professional with over 30 years of experience. Today she’s tapping into her bank of knowledge to answer some questions about the loan process start to finish. If you’re unfamiliar with how it works, you won’t want to miss today’s interview! To check it out, watch this video. https://www.myhomeseekers.com/blog/what-expect-when-reaching-out-loan-officer/

Welcome to episode 19 of “The Jose Luiz Morales Show.” Today I’m joined by Jason Ritchie of Mission Bank to talk about commercial lending. What is a commercial loan? How are commercial loans different from residential loans? He’ll answer these questions and more. If you’re considering purchasing an income-producing property, you’ll definitely want to hear what he has to say. To find out more, watch this short video.http://www.myhomeseekers.com/blog/what-you-need-know-about-commercial-lending/

Here in Ventura County, properties in certain areas are more susceptible to foundation issues than others. If you’re a first-time homebuyer, buying a home with foundation issues can cause you to sell it for much less down the road. That’s why on today’s episode of “The Jose Luiz Morales Show,” I’m joined by Franz Froehlich of Saber Foundation Repair to talk about how to spot foundation issues in a home before you buy it, how to fix foundation issues in the home you already own, and everything else you need to know about foundation repair. To find out more, watch this short video.http://www.myhomeseekers.com/blog/what-you-need-know-about-foundation-repair/

On today’s episode of the Jose Luis Morales Show, I’m joined by Alex Vega of the Ventura County Community Development Corporation (VCCDC)—a local nonprofit that helps make homeownership more accessible for local homebuyers. During this episode, we touched on how VCCDC serves our community, what down payment assistance programs they offer, and how they educate buyers, sellers, and agents in and around Ventura County. To learn more and to hear our full discussion, watch my latest video.http://www.myhomeseekers.com/blog/everything-you-need-know-about-down-payment-assistance-programs/

You’re probably aware that the home inspection process is an important aspect of any real estate deal, but you may not understand how crucial this step truly is. Today on the Jose Luiz Morales Show, we’ve brought on Joe Nerberg of AmeriSpec Inspection Services to discuss the process in depth. Joe touched on why home inspections can make or break any deal. To learn more, watch my latest episode.http://www.myhomeseekers.com/blog/how-home-inspection-process-works/

Welcome back for another episode of the “Jose Luiz Morales Show”! It’s a privilege to be joined today by special guest Frank Salazar. Frank is one of the branch managers at Gem Mortgage, and he’s with us to discuss a very worthy program that he has committed himself to. It’s called Homes for Heroes, and its aim is to serve our local heroes here in Ventura County.     **Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch the full message or skip to the topics(s) that interest you most: ** 1:40—How and when Gem Mortgage’s relationship with Homes for Heroes was born 2:53—Who Homes for Heroes serves and benefits 3:23—The true purpose of Homes for Heroes 4:42—The specifics of how the program benefits a particular hero 5:35—The kind of savings a hero will see under this program 6:26—From lowest- to highest-ranking officials, the life-changing impact of Homes for Heroes 8:02—Frank’s contact information and how you can obtain more information 8:23—Some final thoughts from Frank If you have any questions you’d like to ask Frank directly, please feel free to contact him at 805-312-3964. For questions about we covered in Episode No. 15 or about anything real estate-related, don’t hesitate to give me a call at 805-228-4672. I’d love to hear from you!

We’re back with episode No. 14 of the “Jose Luiz Morales Show” and, for our latest segment, Jeff Murphy from Chicago Title joined us. I enjoyed the opportunity to pick Jeff’s brain on relevant topics concerning property title, and he provided some much-needed clarity on some of these questions. To check out our full conversation, watch my latest video. http://www.myhomeseekers.com/blog/ins-and-outs-property-title-guest-jeff-murphy/

Termites are a common occurrence in California, which is why the state requires mandatory termite reports on homes and properties. Today I’m joined by Scott Keighley, the owner of Cal Termite, who will share with us some great information about the process of termite inspection and removal. To see our conversation, watch this video.http://www.myhomeseekers.com/blog/interview-scott-keighley-cal-termite/

When I first began dealing with flipped properties, I found it difficult to find hard money lenders. The problem was actually that I didn’t entirely understand the process; a hard money loan has a specific purpose, and if you structure it correctly, there are investment opportunities to be had. I’m joined today by Chris Powell of Commercial Loan Express, who will be helping us better understand hard money loans and how to use them. For your convenience, I’ve included timestamps for the topics we discussed. Feel free to navigate to the section(s) you’re most interested in viewing: (00:23)— Introduction to today’s topic (01:40)— Chris explains what a hard money loan is (02:16)— How can people benefit from these loans? (03:20)— Discussing hard money loans from an investor’s perspective (04:25)— Recalling my first investment with Chris (06:54)— How much does someone need in a down payment while flipping? (08:30)— Why I liked working with Chris and Commercial Loan Express (11:53)— Why it’s nice to have a professional’s assistance (13:13)— What types of loans does Chris handle? (17:08)— Concluding our talk I’d like to thank Chris for joining me for this discussion. You can visit his website at www.CommercialLoanExpress.com. If you’d like to talk about your real estate needs, have any questions, or need more information, feel free to reach out to me. I look forward to hearing from you soon.

Divorce is a very draining process. Among all the many important points to be addressed when this scenario arises, one of the most significant is the matter of homeownership. When a couple undergoing a divorce share a mortgage, what options do they have moving forward? This is exactly the sort of quandary that Certified Divorce Lending Professionals (CDLPs) deal with each day. On the latest episode of the Jose Luiz Morales Show, special guest and CDLP Denise Fontain joins us to explain the role of professionals like herself in the lending industry. To learn more, watch this video. http://www.myhomeseekers.com/blog/refinancing-during-divorce/

Have you ever heard of a reverse mortgage? It’s a useful tool for senior homeowners, and I was recently joined by Carlos Camargo to talk about exactly how they work. Essentially, they allow you to buy a new home without having to make a regular mortgage payment. The big caveat is that the buyer has to be aged 62 or older to qualify. To learn much more about reverse mortgages and how they work, watch this short video.http://www.myhomeseekers.com/blog/what-know-about-reverse-mortgages/

As you know, recent fires have caused a great deal of damage in our state. Do you know what will happen if your property is affected? If you aren’t sure whether your insurance covers fires, you need to find out. Today, I’ll be covering several questions related to the subject of fire insurance. To learn more, watch the latest episode of the Jose Luiz Morales Show.   http://www.myhomeseekers.com/blog/episode-8-jose-luiz-morales-show-fire-insurance/

If you’re considering putting your home on the market, you must stage that home in order to maximize its value. Today I’m joined by Penny Bergstrom, owner of Delicious Decors, to discuss all the benefits of staging your home and how to stage it to sell. Did you know that staged homes sell 84% faster on average than non-staged homes and for a 16% higher price? This is because, as Penny puts it, home staging is a marketing tool used to get your home ready to sell. To see my full conversation with Penny, watch episode 6 of the Jose Luiz Morales Show.http://www.myhomeseekers.com/blog/why-it-so-important-stage-your-home-when-you-list-it/

In today’s episode of The Jose Luiz Morales Show, Fernando Garcia stops by to discuss investing in real estate and flipping houses. Fernando has 19 years of experience in the real estate industry. Whether you are just beginning to invest in real estate or you have already flipped a couple of houses, he has some excellent tips to share. Watch episode 5 of the Jose Luiz Morales Show.http://www.myhomeseekers.com/blog/expert-house-flipping-tips-fernando-garcia/

We’re back with another episode of The Jose Luiz Morales Show. Today we are excited to be joined by Rosalina Torres of The Credit Store. We’ve got a lot to talk about today, including how credit scores work and how you can bring your score up if its low. We had a great time chatting with Rosa and hope you enjoy this episode. To learn all you need to about credit, watch episode 4 of the Jose Luiz Morales Show.http://www.myhomeseekers.com/blog/what-should-you-know-about-credit-and-your-credit-score/

VA loans are great options for veterans and active duty military members looking to buy a home. With a VA loan, you can get a home for $0 down and without having to pay mortgage insurance. Our friend Michael Quinn, a loan officer with Sierra Pacific Mortgage, is here to talk about VA loans in detail. He’ll go over everything you need to know. To see my full conversation with Michael, watch my latest video.

Welcome to episode two of The Jose Luiz Morales Show. Today I’m joined by fellow real estate agent Aaron Novello to discuss what it takes to grow a successful business. Aaron has sold more than 100 homes in each of the last five years. He’s also a professional speaker and author. To learn more about what it takes to grow a successful business, watch episode 2 of the Jose Luiz Morales Show.

The new Jose Luiz Morales Show will educate you on all things real estate. Each month, I will have a guest to answer mortgage questions, title questions, and more. Today, Karly Rosalez from Prospect Mortgage is here to discuss buying a second home. Should you get an investment property or a vacation home? How do you know if you qualify to buy a second home? To learn more, watch episode one of the Jose Luiz Morales Show here.