Let’s Make 2018 Our Best Year Yet

I’ve been in the business for 20 years, and I want to use my experience to teach you how to bring value and wealth into your life.

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If you haven’t noticed, I’ve been marketing my investment company, McCormick National Holdings, LLC, quite a bit lately. Some people saw that change on LinkedIn and thought I had changed careers. I’m here to say that I’m still in the real estate game, but I’ve added an acquisition piece to my arsenal of real estate.

February 19, 2018 marks my 20th anniversary of becoming a real estate broker and professional. True to my word, I’ll be teaching you how to bring value to your life—whether it’s training, a great deal, or a great acquisition.

Folks, you can get rich in real estate. It’s true—you can earn a six- or seven-figure income. However, there’s a difference between being rich and wealthy. When you’re wealthy, you can do whatever you want with whomever you want whenever you want to do it. When you go on vacation and continue to get checks in the mail without having to do anything, that’s wealth.

What I’m talking about is buying apartments, commercial strip centers, shopping centers—creating massive, passive income.

When you’re wealthy, you can do whatever you want with whomever you want whenever you want to do it.

Over the last 20 years of work, I’ve helped fix-and-flippers make tens and hundreds of thousands of dollars. That’s a lot like being a broker, though. What I’m talking about in terms of generating wealth is buying and holding. We buy and hold real estate property, wait for the appreciation to go up or else reposition it and create tremendous value. We up the rent and hold it and create more massive, passive income cash flow.

If you do that several times over, guess what, folks? You created freedom—financial freedom and time freedom to spend with your loved ones, friends, and family.

I really want to encourage you to reach out whether you know nothing about real estate or want to know more. I’m a seasoned professional of 20 years, so let me help you. Let’s do this together and let’s make 2018 the best year ever.

We’re Hosting a Holiday Food Drive

We’re partnering with the San Diego Food Bank this season to collect holiday food drive items. Here’s how you can help.

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We love our community here at Katcam Real Estate and we’re proving it this holiday season. In order to give back, we’ve decided to take part in the San Diego Food Bank Holiday Food Drive here at our office (100 E. San Marcos Boulevard Suite 400).

We’re excited to give to a great cause like this.

Please feel free to drop by, say hi, and drop off any donations between now and January 1. Here is a list of the items that the food bank says they are in the most need of at this time:

• Canned chicken and tuna
• Dry and canned beans
• Cereal
• Rice
• Nuts and seeds
• Peanut butter
• Canned soup
• Canned and dried fruit
• Canned vegetables
• Powdered milk
• Infant formula

The food bank is unable to accept any glass jars or homemade food products, but everything else is fair game! You can also donate online here. If you have any questions for us in the meantime, feel free to reach out via phone or email any time. Happy Holidays!

Is Seller Financing Right for You?

Seller financing can save you a lot of headaches, as well as a lot of money.

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Perhaps you’ve been curious about what benefits there are to seller financing. Today, I’ll be discussing what those benefits are.

1. It can lead to a faster closing. Typically on a single-family home, you’re looking at a 30- to 60-day closing, whereas on multi-family and commercial properties, you’re looking at possibly up to 120 days. With seller financing, it could be as little as 10 days to close.
2. There is no appraisal contingency. On a traditional bank loan, if a property doesn’t appraise what it’s selling for, and it’s down, you might possibly see a cancellation. With seller financing, you usually don’t even need an appraisal.
3. A seller continues to get monthly cash flow without the maintenance issues or tenant headaches you might see otherwise.

With seller financing, you usually don’t even need an appraisal.

4. There are no mandatory repairs. Sometimes with a traditional loan, banks may require repairs, which can be a headache. This is not the case with seller financing.
5. It may also be great for estate planning. In case you pass away early or unexpectedly, your property is secured by a promissory note, so the heirs on your property will continue to get the monthly benefit.
6. The seller will be named on the insurance policy tied to the property.
7. There isn’t a need for termite tenting; this is another expense you can avoid with seller financing.

Thanks again for visiting my blog. I’m actually in major acquisition mode right now with my partners, and we are looking for multiple properties—multi-units, commercial, and single-family—using seller financing.

If you’re one of those looking to sell, please call us first. If you’re thinking about doing it, please check with your tax and legal professionals, as that’s not my department. For any other questions, please feel free to call me.