San Diego Creative Investors Association

New data out from Visual Capitalist delve into the toll the pandemic is taking on our personal finances. Based on an analysis by doxoINSIGHTS, Visual Capitalist compiled the net effects of COVID-19 into an eye-opening graphic. Needless to say, it hasn’t been good. It’s no understatement to say the pandemic and lockdowns have hurt Americans badly. Visual Capitalist sums it up well noting: ... 57% of consumers’ incomes have taken a hit in the past seven months 70% have delayed discretionary spending on big purchases 75% continue to be very worried about their future financial health #finances #businessnews #trendingnews #financialhardship #pandemicfinances

Legislative Update: As we have passed the Holiday season, it seems we have entered a period of Rumors. The ink on the most recent Stimulus Bill has barely dried and the incoming Biden Administration has floated the idea of a new stimulus bill with the succinct title: American Rescue Plan: Emergency Legislative Package to Fund Vaccinations, Provide Immediate, Direct Relief to Families Bearing the Brunt of the COVID-19 Crisis, and Support Struggling Communities. Inevitabl...y there will be changes, and as this will be a discussion for February primarily, here are a couple of highlights most of which are little more than extensions of previous stimulus bills and regulations: Individual Assistance An addition $1,400 in individual checks. Extend and expand unemployment insurance benefits with a $400 per week supplement. Extend financial assistance for workers who have exhausted their regular unemployment compensation benefits. Extend financial assistance for unemployed workers who do not typically qualify for unemployment compensation benefits. Fully fund states’ short-time compensation programs and additional weeks of benefits. Housing Extend the eviction and foreclosure moratoriums and continue applications for forbearance on federally-guaranteed mortgages until September 30, 2021. Fund legal assistance for renters facing eviction or foreclosure. Fund an additional $25 billion in rental assistance to provide much-needed rental relief, especially for low- and moderate-income households who have lost jobs or are out of the labor market. Deliver $5 billion in emergency assistance to help secure housing for people experiencing or at risk of homelessness. Labor/Family Support Raise the minimum wage to $15 per hour. Expand child care assistance to help millions of families and help parents return to work. Increase tax credits to help cover the cost of childcare. For now, please be sure to focus on the benefits secured in the December 2020 Stimulus bill that provides $25B in Emergency Rental Assistance this can help eliminate the arrearage for residents which is critical for many property owners starting to see decreasing rental payments. ERA funds will likely be out in February

What will the housing market look like in San Diego? Take a look at these predictions, do you agree or disagree? #sandiego #sandiegoinvestor #sandiegorealtor #realestatemarket #housingmarket #trendingnews #businessnews #housingforecast

DO YOUR PART AND HELP SAVE THE SELLER FINANCE INDUSTRY! BECOME A VOCAL LEADER AND JOIN THE SFC TODAY The Seller Finance Coalition, along with the Keelen Group, has made strides towards legislative relief. A bipartisan bill is currently before Congress which would provide exemptions for Seller Financing. However, much work is left to do. We need support from all seller finance investors in order to make this relief a reality. Small investors like us did not cause the mortg...age crisis, and yet the red-tape surrounding seller financing is threatening our livelihoods and hurting consumers. Too big to fail does not apply to small business owners like us. We need a voice in Congress to speak sense to legislators and protect the interest of the small seller finance businesses. Register to become a member of the Seller Finance Coalition below and join us in putting an end to over-regulation. For more information go to: http://www.sellerfinancecoalition.org/join-us

Did you know that our members can find, sell, and post their properties over on the SDCIA website? This allows your properties to get even more eyes on them, or maybe you are looking for a new investment. Head over to our property list to see the full list of real estate opportunities. #realestate #sdrealestate #sandiegoproperties #realestateproperties #sandiegoinvestor #propertyinvestor

Keeping accurate records is essential for any landlord’s peace of mind. Having everything in good order makes filing tax returns more straightforward, and you don't have to send the IRS more money than you need to. You also know that every contractor or employee has been paid the right amount by the due date. You have a record of your tenants' payments. And if audited, it will be much faster and smoother with accurate record-keeping. #trackingexpenses #rentalproperty #landlords #landlordtip #realestatetips #propertyexpenses #importantdocuments

Bruce Norris has over 35 years of experience in real estate. Take a listen to some of his insight on how to effectively enter into 2021 successfully.

Diversification can be defined as investors putting their money in multiple companies across multiple industries to maintain a certain level of return. But diversification is equally as importantalbeit somewhat differentwhen it comes to real estate investing. To achieve true diversificationdiversification that will preserve income and insulate against downturns and volatilitylook beyond your local market and core competency. Seek out seasoned syndicators and managers who have been around the block and know how to navigate their way around a crisis. Screening and selecting competent management will be key to achieving your diversification goals. #investments #investor #investmentportfolio #realtor #investing #marketdownturn

Around the State: California's surge worst in U.S. California is experiencing the worst coronavirus surge in the United States. The state broke its single-day record for COVID-19 deaths yesterday. As of last night at 10:05 p.m., the statewide average for ICU bed availability is 0 percent, and the state is averaging a 14.5 percent positivity rate for tests. Cases in California numbered 2,230,934, deaths had reached 24,987, and 261,672 people have received vaccinations. In mid-...Continue reading

With 2021 around the corner, homebuyers through the U.S are searching for their next place to live. Realtor.com has released its annual housing market forecast for the upcoming year. The consensus is that millennial movers, relative affordability, and economic growth despite a pandemic have made state capitals and technology hubs the best and brightest markets for the coming year. Out of the top 100 markets, the top 10 will see an average increase in home price of 6.9% (5.7% is the national average) and a year-over-year sales boost of 13.1%. What are your thoughts on their forecast? Do you agree or disagree? Let us know! #realestatemarket #tophousingmarket #realtor #sandiegoinvestor #homebuyer #homebuyerforecast #realestateforecast #realestatenews

The more you know, the more you’ll gain. Researching your market allows you to predict industry trends and adjust your strategy well ahead of time, which can allow you to back off an investment just in time before an economic downfall, or invest in the right moment before property prices start to rise. #research #market #investing #strategy #industrytrends #investment #propertyprices #properties #knowledge

We all go through many stages of finances in our life, here are 3 stages laid out in this article. What stage do you feel best suits you? #financial #finacnialtips #money #businesstips #wealth #success #entrepreneur

Good investors stick to a single revenue model, but great investors combine different types of income to generate long-term capital, financial security, and to spread the risk evenly. What types of investments do you focus on? #investing #investments #financialsecurity #greatinvestments #smartinvesting #revenue #cashflow

How do you find deals when it comes to real estate? #realestate #housingmarket #businessnews #housing #investmentproperty #investing #realestateinvestor #realestateinvesting #realty

The following eight questions will help accurately narrow down your goals, set realistic expectations, and keep you on track to make the right real estate investment choices. 1. When do you plan to retire? 2. When you retire, how much money will you need to cover your bills? 3. What are your current retirement income sources?... 4. How much money are you willing to invest in real estate? 5. Do you want to acquire property for future growth or do you need cash flow today? 6. Do you have good credit? 7. Do you need to plan for college, travel, or your parent’s long-term care? 8. Are you looking for a tax break? Finally, upon answering these eight questions, make sure you set a time frame for each of your goals and do everything possible to stick to that timeline. #realestategoals #goals #investment #financial #questions #longterm

Are you looking to save some money? Do you need a property and don’t mind doing some repairs to get you started? Do you want to start investing in properties? Well, look no furtherdistressed properties might be just what you need. #realestatenews #housingmarket #housingnews #housing #investing #propertyinvesting #propertytips

Rental property can allow for a good cash flow, here is a great way to capitalize on that for financial security! #investmentproperty #investing #cashflow #rentalproperty #rentals #financialsecurity #financialtips #businesstips #housingtips #businessadvice

Referrals can help generate a sizable portion of a real estate investor’s business, so it’s important to create good relationships with who you come in contact with. This will help build a reputation that makes others interested in working with you. How have you been able to gain referrals from others? #referrals #realestateinvestor #businessedicate #businesstip #relationships #realestatereferral

Members! Join our study hall for accountability and networking on October 21. Build your business, follow-up with your peers, ask questions, work out issues and celebrate wins with the group! #studyhall #networking #realestate #business #investors #membersonly #registertoday

According to NAR statistics, half of all buyers in 2019 found their new property online. Only 28% used a real estate agent to find their new home. Property listing sites have clearly made a big difference to the way we buy houses. #housingnews #businessnews #homebuyers #properties #housing #realestate

Almost no one even thinks of themselves as wealthy. Seriously, only 28% of millionaires consider themselves rich. It’s time to start rethinking what wealthy really means. #wealthy #financialfreedom #financialtips #money #stepstosuccess #successful