Looking at the various articles below, one can easily decide to put their heads in the proverbial sand and call it a day. Let’s just say that our lovely California appears to be getting burned in several ways (taxes, fires and lack of inventory).
Caution…spin alert! Yep, we are taking quite a few punches. However, that just sounds like life to me. Now we need to get up from the deck and keep moving forward. Things will improve…eventually.
On the more positive side, I have been getting more calls for meetings to help clients position themselves for long-term wealth through the acquisition of real estate. Such an approach takes time; and my message to all is that we can do the little things towards building better relationships with our clients.
Life does not stop with adversity. And, we all see things through our own prisms. Just understand that there are a lot of people in this world that are going through things at different stages. Therefore, there are a lot of people we can protect and help achieve their financial goals. We just need to be a resource to them; and then bring in our virtual partners to help with the objectives.
So, my message is reach out to your clients. Find out what their current challenges are; and then find a way to assist. Activity like this will help move you out of the smoke forward. Plus focusing on helping others always brings out the best in all of us.
That’s it for this week. As always, feel free to call me for client/team meetings and with any of your strategic financing questions.
Articles of Interest:
CNBC reported “Homeowners: Use these year-end tax moves to save ahead of tax reform.”
The SJ Mercury News reported “Editorial: GOP tax plan is cynical wealth redistribution.”
The Mercury News also reported “Will the GOP tax bill lower home prices in California?”
NMP shared “Black Knight: Tax Reform Could Constrain Housing.”
The Mercury News reported “Top seven ways the GOP tax plan will affect Californians.”
CNBC reported “Tax plan crowns a big winner: Trump’s industry.” The article points out several new “opportunities” due to the expected new tax code.
CNBC also reported “$5 billion worth of Southern California real estate faces significant fire risk.”
Type | Rate | Fixed Term |
Apartments | 4.025% – 4.650% | 3 to 10 year (30 yr amortization) |
Commercial | 4.345% – 4.950% | 3 to 10 year (25 yr amortization) |
SBA Lending | Call for Options | Call for Options |