Restic Properties and "Ted The Tortoise" provided The Tortoise's Road to Riches Real Estate Equity Share convention.
Restic Properties introduced a program through the convention that, in one stroke, solved the leasing quandary for select tenants, and loses 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 faster than wages according MSN.com. That savings rates are at record lows, divorce rates continue to rise. Self-employed individuals cannot provide sufficient earnings substantiation, and over 40% of the people has credit troubles at any particular point.
With the returns and elimination of the management headaches and negative cash flow, they would seek the
RESTIC solution.
The convention showed us the way in which the buyer known as an Occupant Financier in the Restic Program could buy a home in a particular area and price range. Recognizing I could afford regular payments, but can't afford a twenty percent deposit. I went through the steps to qualify as a Restic Occupant Financier . They then matched me with a Restic Capital Financier that had additional cash to invest. The capital liked real estate, however they don't want to be a landlord, or make regular payments.
THE CONCEPT
"Capital Investors" qualifies to take part in the Restic exclusive program to buy upscale, quality properties in better districts from trouble sellers. The Capital Financier is seeking longer term property appreciation through leverage and the effects of compounding and possible tax benefits ( like 1031 ) without any of the tenancy headaches - negative money, maintenance, vacancies, etc. Leverage in the property can cause eye-popping returns that are three or four times higher than inflation. Tax benefits are generous. The tortoise philosophy (vs. the hare that typifies property flipping) can reward the partakers and their successors handsomely.
The Occupant Investor lives in the property as an owner and, by contract, gains tax advantages. He pays all taxes, HOA fees, mortgages, maintenance, etc. He gains the opportunity to live in property as an owner and enjoy the benefits of home ownership.
Ted the Tortoise says "We are living in an opportune time. Seventy Four percent of their wealth comes worst enemies, yet there was a time to purchase great properties for peanuts.
And, SANDAG says we'll have another million people 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. .
