J'ean Eason of Main Source Real Estate

Main Source Report: Did you inherit an Asset or Liability? As we approach the Holiday season, family comes to mind as we plan or not plan to gather with loved ones and celebrate the holidays. 2020 was supposed to be a year of clarity but has turned into a year of a virus and an election. One thing that became very clear to me this year is that in my line of work as a Real Estate professional, there are multiple instances where a family member has passed away and instead of le...aving an asset, they end up leaving a liability. One would think leaving real property to the next generation is Wealth Building and passing on an asset but in many cases that’s not true. What’s the difference? Assets in Real Estate are properties that have: Low to no debt Cash flow on a residual basis A history of maintenance and reinvestment Title held in a Trust, LLC, Inc., Transfer upon death Deed, etc. Liabilities in Real Estate have: Over leveraged Bad debt; high interest, predatory loans Too much deferred maintenance No plan in place for transfer property after death of Owner(s) A simple plan in place while owning, after death, and the future not only saves the family money and most important prevents a lot of inter family turmoil. I’ve witnessed many instances where due to a lack of a well-executed plan not being in place, the family already dealing with a with the loss of a loved one, now have to figure out how to deal with an asset that has more of the appearance of a liability. Then to know how to best dispose or maintain that asset is a whole new set of problems and again I’ve witnessed too many times where what could have been a smooth transition turns into a nightmare. Word of advice don’t wait; time waits for no man. Find and hire a good contractor, handyman, real estate professional, lawyer, etc. to help maintain your asset today, and leave your future generations a better tomorrow. If you know of someone who finds themselves in conflict with a problem property and not sure what to do, refer to Main Source Real Estate and earn a finder’s fee. Call for details (510) 830-5471. #MainSourceRealEstate #LegacyBuilding #Plantodayfor2moro #KeepHustlin

Great Morning! NAR is talking a good game but the damage has been done. Words are nice, but its time for ACTION! Be on the look for a new platform to help deal with real solutions... #KeepHustlin #MainSourceRealEstate #LegacyBuilder #Converge https://www.nar.realtor//nars-role-past-present-and-future

Mortgage rates increased slightly last week, though they continue to remain in a historically low range. Job openings rose marginally. New purchase application submissions dropped while refinance application submissions rose. Jobless claims dropped significantly. Consumer prices did not increase after four consecutive months of gains. Consumer sentiment unexpectedly dropped to a three-month low. MORTGAGE RATES CURRENTLY TRENDING THIS WEEK'S POTENTIAL VOLATILITY ... What a Biden win means for housing finance reform. Read Now >> FHFA approves classic FICO for Fannie Mae and Freddie Mac. Read Now >> Housing stocks rise following the election. Listen Now >> On Tuesday, the Labor Department reported a gain of 50,000 jobs in September. Though job openings were initially reported at a level of 6.5 million in August, the Labor Department later revised this number to 6.35. In September, job openings reached 6.4 million. The hiring pace has also normalized as 5.87 million people were hired in September, down from 5.95 million in August. Job separations (those who quit, are laid off, or retire), dropped 30,000 from 4.69 million in August. The number of quits inched up 0.1% for private-sector employees. For the week ending 11/6, mortgage application submissions had a composite decrease of 0.5%. While refinance application submissions increased by 1%, new purchase application submissions decreased by 3%. Refinance applications accounted 70% of all submissions for the week ending 11/6. Jobless claims dropped for another week in a row, with initial claims hitting a seasonally adjusted level of 709,000 the week ending 11/7. This was the fourth week in a row that initial claims reached a pandemic low. Surging to nearly 7 million in March, initial jobless claims are slowly returning to pre-pandemic levels. Continuing jobless claims sank as well, reaching a level of 6.79 million for the week ending 10/31. Following four consecutive months of gains, the consumer price index was unchanged from September to October. Year-over-year, however, consumer prices increased by 1.6%. The index is not based on actual activity but is used to predict consumer spending habits. The consumer sentiment index for November dropped almost 5 points, from 81.8 to 77.0. This week's important economic reports include: Retail sales Home builder sentiment index MBA applications Housing starts and building permits Jobless claims Existing home sales WEEK OF NOVEMBER 16, 2020

ADU #4 in motion. If you are a property Owner/Investor and want to increase your income you may want to seriously consider having a ADU (Accessory Dwelling Unit) built. In most scenarios you can get a solid Return on Investment (ROI) in as short as 10-12 years and completely cash flow after such time. ADU's are great for additional retirement investments and add Value to your current property without a major impact on property taxes. If you or someone you know is interested or want to learn more give me a call (510) 830-5471 for a FREE Market analysis. #mainsourcerealestate #legacybuilder #KeepHustlin

JUST SOLD! 1538 Harmon Street. Sold over asking with multiple offers. This beautiful well maintained Duplex in Berkeley was owned by the same family for over 40+ years. I often run across situations like this where a family is selling a legacy property and need more than just a Realtor. They are in need a Real Estate Professional, one who is well versed in many aspects of the business, to help insure that the family sell for the highest possible fair market value. Because thi...s is an asset that will be used to go on and create a new legacy for the extended family. I have experienced many times where Realtors, Buyers, Investors, etc. try to take advantage Sellers and attempt to exploit lack of knowledge, financial mistakes, deferred maintenance, you name it. These situations call for more than a top 1% Realtor who just puts you in the pipeline, you need a seasoned Pro! Here at Main Source Real Estate, it is our duty to not only provide professional representation but also protection, information, and most importantly trust. If you or someone you know needs a real Pro to help protect a family legacy property Call (510) 830-5471 and ask for J'ean Christopher Eason and let the Main Source Real Estate team go to work! We pay referral fees! Call today and create your own Stimulus check! #mainsourcerealestate #legacybuilder #KeepHustlin See more