Author: John Peterson

Re: Three Trends in 2018

There are three macro trends coming together in 2018 that are likely to make this year one of the best of your career.

Let’s get to it.

1. Millennials – reports are that Millennials will make up as much as 40 percent or more of the buyer pool by the end of the year. Their paychecks are getting bigger and they are starting to look for larger homes. They are also starting to look into the suburbs vs. their downtown living to date.

2. Born between the 1995 and 2001, Gen Z’s are starting to exit college and they are entering the market. These folks have highly individualized tastes, so don’t be surprised when you start to see “different” trends enter the housing market. Tiny Homes for instance? Or how about highly automated homes? This market is packed with early adopters who have grown up around technology their entire lives.

3. The foreclosure crowd from 2008-2012 is re-entering the market. They may be taking a step back, but with their strong desire to be homeowners again, they are going to be cautious and will value getting a good deal.

We are already in a tight real estate market with slower volume and higher prices. It’s competitive for sure, but it’s also time to be realistic. Each of these market makers listed above brings a very different need to the market.

When you are considering buying a house to flip, or rent, keep in mind who the end user will be. If the house needs renovation, considering spending a few extra dollars on some automated or smart lighting. You can find an extensive list of smart bulbs that are available to use with the Amazon Alexa and a short list of switches at this link.

Oh, and don’t forget – the first WREIA meeting of 2018 is kicking off on Monday, January 15th, in Bethesda.

Join us as we talk about the “Top 10 Tips for Real Estate Investing Success in 2018”. Whether you need an extra 2k a month, or a blast of 30k from a flip, you are going to find gold at our 2018 January WREIA Kickoff meeting.

Reserve your seat at this link.

Enjoy the snow days while we have ’em! It’s a great time to get caught up on paperwork, taxes, planning and goal setting or just some good old-fashioned relaxing with a cup of hot chocolate.

John Peterson
Founder, Washington Real Estate Investors Association

Older, wealthier Americans are the new renters from CNBC.

• The number of higher-income rental households has doubled in the last decade.
• High-income households drove nearly 30 percent of rental growth over the last decade.
• Today’s older Americans want flexibility to follow their children and grandchildren.

Redfin CEO Kelman: Here are where the housing markets will be strongest in 2018 from CNBC.

The profits made from flipping homes continues to shrink from CNBC.

Join us at our last WREIA meeting of 2017.

Monday, Nov. 13th, 2017

Bethesda, MD

Doors opening at 6:30 for refreshments and networking.

Re: One Advanced, One “Newbie”

Over the last month, our WREIA Members met at a local restaurant for our last “Members Only” meeting of the year.

Before that, we also had a meeting for our continued “Wholesale” discussion. That meeting was packed with people at the beginning of their real estate journey.

We had about 18-20 people at both meetings. What these people didn’t know is that I was really listening for “issues”.

Where are they struggling?

What problems are they facing?

Is getting started the problem, or is the struggle found in growing and getting bigger?

When I got back from both meetings I digested the conversations and started taking a few notes.

You can hear my advice for those people and some of their specific problems if you join us at our final WREIA meeting of 2017.

At WREIA next Monday we will “wrap up” 2017. (We take off December to spend time with family, friends and “sharpen the sword” for ourselves.)

In fact, I just got off the phone a few minutes ago after I got the question “Why are you sharing these details? Are you sure you want to do this?”

In short, the answer is this. “If I share my experiences – good and bad – from the last 20 years, it might make your journey in this business a little easier.”

No matter where you are in your career there will be something for you. Getting started to getting bigger – you are going to take something away from Monday night that will help you as you enter into 2018.

I hope you can join us on Monday at our WREIA meeting as we then continue to discuss our favorite topics of the year and go over some of the common characteristics the successful people in our field share and how it helps them achieve their goals.

The easiest way I know to achieve your own success is to emulate those people who are already successful.

Come out and spend some time networking with other investors in the DC area. Enjoy a bite to eat and share your goals for 2018.

2018 is right around the corner. I still can’t believe it.

Are you ready for 2018?

What are you going to do to have even more success next year?

Reserve your seat at this link.

See you Monday!

John Peterson
Founder, Washington Real Estate Investors Association