Real Estate Investment Ideas – Southern California

Rent rates in Southern California are hitting record highs. New investors need to focus on Southern California’s fixer-uppers, especially to try and lure buyers with flips or find a median priced home that could fetch a better rent. As a beginner in real estate in real estate you will require a few tips that will help you succeed.

Consider the returns on renting the property

As an investor in real estate, you need to do the math. Calculate the amount you will be receiving in rent from the investment over the duration of time. Remember that brokers might quote a figure that is too high in a bid to entice you to invest in real estate. It is good that you consider the real rent of that area by reviewing the rent of similar house for rent in the same area.

Examine the cost of buying the house

Calculate and determine how much it cost you if you would purchase the home. Most people in most markets think of taxes, water, mortgage, sewer and insurance to be the responsibility of tenants. Avoid relying on estimates. It is wise to use real figures by talking to experts in tax bills, insurance rates, and water bills.

Find a real estate guru for mentorship

Mike Cantu of Upland, Ca. has more than 30 years’ experience as a full-time real estate investor. Cantu manages the portfolio for rental houses and he also operates a buy and sell venture. Other real estate gurus in that area are Robert Fragoso, the executive vice president of Anchor Loans in Orange County, Than Merrill of FortuneBuilders, and Brice Norris of the Norris Group in Riverside California.

Reasonable vacancy rate

Brokers will always entice people to buy houses for real estate investment. They will assure investors that their houses will forever be occupants and that they will never be vacant. As a wise real estate in Southern California, you need to get the real vacancy rate impute and not just trusting the opinion of brokers that the house will never be vacant.

Management of the property

Think about getting an expert who will be in charge of the management of your real estate. An investor must also take into account the fees or charges incurred in managing the property. Consult other investors who have similar properties to find out the reasonable reserve for maintenance and to carry out the repair. Having considered all the above factors, do the math to determine if you will be making profits or running into losses.

How Corporate Crime Settlements Play Out Today

Corporate crime settlements are now mostly settled by deferred actions and non-prosecution agreements. What this means is that most corporate violators of law, whether they are a financial institution or energy company will get delayed penalties. Or, instead of having to admit guilt of breaching a law or of fraud, the corporation will simply agree to a set of terms laid out by the government, regulating agencies and or law enforcement agencies. Attorney Sean Hecker of Debevoise & Plimpton gave insight into the issue in an article with Corporate Crime Reporter.

There are several factors that play into why very few corporations admit guilt. The first is that admitting guilt could be a deathblow to the company’s reputation. Companies know that admitting they knowingly behaved in an illegal way could put them out of business. The government knows this too. So this is why there is a sharp increase in non-prosecution agreements and deferred actions against corporate crime settlements.

Today, very few companies will take on government regulators or enforcement agencies in court to fight corporate crime accusations. This is due to a number of factors. Regulators and enforcement agencies overseeing the banking, finance and energy sectors hold greater power than they used to. This is due to fact that the financial collapse was blamed on a lack of government oversight of the finance, banking and mortgage industry. Laws like the Dodd Frank act give regulators much greater power and oversight to prosecute and pursue suspected fraud and violators.

The greater power of the regulators, combined with the potential backlash of a guilty plea is why few companies go to court to fight corporate crime. However, this does not mean that no companies go to court to fight accusations. A few companies have gone to court to fight accusations of crime or fraud and have won. However, this continues to remain rare.

Some experts in the field of law, believe that the current field is not level and that regulators have too much power. Other experts believe that the playing field is becoming fair towards corporations, and that the number of cases going to trial will increase, but only by a small amount.

In the end, both companies and the government have one thing in common. Both want their industries and their workers to play by the rules and be in compliance with regulations. The government does not want companies to go out of business for minor infractions as this leads to the loss of good jobs. The companies don’t want to pay massive fines or risk going out of business for small infractions or a few bad characters within the company. This is why it is expected that deferred and non-prosecution agreements will continue to rule as the major way of settling corporate crime cases.

UAE Ambassador Urges Class of 2016 to Spread Tolerance and Peace

NYU Abu Dhabi celebrated its third graduation ceremony for the Class of 2016 this May. 135 excited seniors from over 50 different countries awaited their hard-won diplomas. Some 1,300 guests were also in attendance for this historic event.

This year, the graduating seniors were treated to a keynote speech from His Excellency Yousef Al Otaiba (http://www.rand.org/blog/2016/06/a-new-middle-east-rhodes-scholars-not-radicals.html), the current United Arab Emirates (UAE) Ambassador to the United States. Ambassador Yousef Al Otaiba took over the post for the UAE’s Ambassadorship in 2008. Some of the goals the Ambassador has were for in his professional life were reflected in the themes he urged students to embrace as core values in the globalizing world: increased cooperation, opportunity, and security between all peoples.

Ambassador Yousef Al Otaiba encouraged the students to try to incorporate the following values into their lives: innovative thinking, tolerance, respect for others, hospitality, and hope. These values, the Ambassador said, will help students “write the next great chapter in the history of human endeavor.”

At this same event, Ambassador Yousef Al Otaiba was awarded the NYU Abu Dhabi Global Leadership Award for his help promoting the university over the years. NYU Abu Dhabi has been an inspiration in the triumph of education and understanding in the United Arab Emirates region, and the Ambassador only hopes that NYU Abu Dhabi can continue to grow. Indeed, Ambassador Al Otaiba has been a firm supporter of building bridges between the USA and the UAE in any way he can, such as through trade, education, and philanthropy.

The students graduating from the NYU Abu Dhabi will undoubtedly take the Ambassador’s words into their post-NYU lives. Many of the students are going off to graduate work in diverse fields all across the globe and values of multiculturalism and tolerance they have learned through their four years at NYU Abu Dubai will transition into their graduate studies around the world.

The two distinguished guests who delivered the previous keynote addresses here include President Bill Clinton in 2014, and the UK Prime Minister Gordon Brown in 2015.

As for Ambassador Yousef Al Otaiba’s own educational background, he got his bachelor’s degree from Cairo American College, and later went on to pursue his International Relations degree at Georgetown University.

Choosing the Best Boarding School

A good education is something that will be of great value later in life. If you’re considering enrolling your child in a boarding school, then chances are you want to be sure that they are getting the best education possible. To ensure this consider doing some background research and investigating multiple schools. Parents often look to big names in US boarding schools like Phillips Exeter Academy, St. George’s School and Church Farm School.

This article will list some of the most important factors to consider when selecting which boarding school you want to enroll your child in so you can make the best decision possible.

Academic Programs

A key area to research when looking at schools is the variety of academics and the availability of academic support to students. This includes things such as small classroom sizes. This allows each student to receive individual attention from the teacher during class. It also means having teachers who are willing to interact with students outside of class, having open office hours available throughout the day so that students can seek out academic guidance or clarification on subjects they are finding difficult in the classroom. Just because they are attending a boarding school does not mean that the child’s parent is uninterested in their academic performance. Teachers and faculty should be willing and able to work with parents to resolve performance issues when they arise.

Variety Of Courses

Generally speaking, students do not know exactly what direction they will be heading professionally and in their personal lives. As such, rather than attending a specialized school, it is good to investigate the width and breadth of a school’s available curriculum. A well rounded student is more appealing to colleges and employers. It is also good for the student as it allows them to participate in a wide range of subjects and makes it more likely that they will find the one that sparks a genuine personal interest.

Athletics and Art

Consider less traditional programs such as athletics and art. These programs are great for padding out college resumes but they also teach important skills that are not learned in the classroom. This includes things such as teamwork, competitive spirit, creative problem solving, and skill development.

Your child’s education is important to you so take the time to investigate their educational environment. This helps ensure you find the best match for your child’s academic needs.

 

Debevoise & Plimpton LLP: Making Changes

Debevoise & Plimpton LLP recently made some head waves when they recently announced seven new partners to their firm. These changes will start on July 1st, 2016. Two of the seven members are actually members of the firm’s private equity group. The full official name of all of the partners are: Sarah Coyne, Uri Herzberg, Ina C. Popova, David L. Portilla, David Sarratt, Thomas Smith and Patrick Taylor. What’s great about them is all they bring something unique and interesting to the table. They are diverse, talented, and each have their own skills and abilities.

Sarah Coyne will be handling white collar matters and investigations, including those involving financial institutions. With her, she brings experience and this is something that you simply can’t put a price tag on. She has only been with the firm since 2015, but she spent fourteen years as a federal prosecutor. Uri Herzberg, on the other hand, is focused on advising private equity firms and corporations in mergers, acquisitions, joint ventures, investments, divestitures and other corporate transactions. He has been with the firm since 2007. He comes with a B.A. degree from Yeshiva University in 2004. He is definitely a star on the rise.

Ina C. Popova takes care of the litigation Department and the International Dispute Resolution Group. She is focused on international arbitration, complex commercial litigation and public international law. She is entrusted with handling multibillion-dollar disputes involving commercial, environmental and public international law issues surrounding variety of jurisdictions. David L. Portilla is involved with international and domestic banking organizations.

Another key cog is David Sarratt, who is a member of Litigation Department and the White Collar & Regulatory Defense Group. He also brings years of experience and knowledge that is invaluable to the team. He has done very well in his trial cases. Also on his resume is working as Assistant United States Attorney in the Eastern District of New York from 2010 to 2014. He was trusted with many high-profile cases.

The final two members come from the London office and they are Thomas Smith and Patrick Taylor. Thomas Smith handles the Corporate Department and the Finance and Private Equity Groups while Patrick Taylor specializes in the Litigation Department and the International Dispute Resolution Group. They are confident that with this team of seven, each bringing something to the table, the firm is going to grow to epic heights and proportions. Current partners like John Gleeson, Matthew Biben and Sean Hecker of Debevoise & Plimpton have helped establish the firm to its current position as it welcomes new talent.

Tips for Transitioning to a Real Estate Investment Career

The real estate industry is bustling and some areas really give way to that fact. San Diego, California, for example, is a location in which people flock in order to bask in the beauty living there offers. Real estate gurus in the area include Than Merrill, Alan Hamrick, Seth O’Byrne, and John Goodell. Each one of these agents embodies the skill required in the real estate industry and are well known for making sales. Of course, their success did not happen overnight and there are a few tips that these real estate legends will pass along to those wishing to transition to a real estate investment career.

Treat it as a Business

Simply enough, the industry is not only about making sales and living day to day. Professionals will tell prospective investors to understand creating a business plan in its entirety, and to be well equipped with one. Set goals over the timeframe of one, five, or ten years, and work to achieve these goals each day.

How is your Credit Report?

Most lenders require a fairly flawless credit report from investors. Additionally, your ratio of debt to monthly income must be low in this profession. Failure to quickly pay off the loans that acquire the most debt, such as car loans, results in a poorer ratio and credit score.

Where are the Best Areas?

Investors often make the mistake of buying properties close to their homes to cut travel times in half. However, this greatly hinders their profession by preventing better properties with more appeal from being purchased. Professionals will say to invest in properties for their value, not their proximity.

There is More Than One Source, you know

Investors tend to limit their property searches to the local Multiple Listing Service (MLS). However, not all solid properties are located on these services nor are the best deals. Auction sites tend to have great properties listed at great prices.

Brush up on the Industry

This is certainly not an industry that gives way to stagnation. It is thriving and it succumbs to change. As a result, it is essential to stay current by catching up on some literature discussing recent events, success stories, and even failures.

The Many Benefits of Sending Your Child to a Boarding School

The Overview of a Boarding School
There are numerous benefits that a quality boarding school can provide to your child. A boarding school will offer a personalized education. There will be a focus on academic progress for each and every child. A focus on social progress is included into the boarding school experience. A boarding school may offer a post-graduate year of study to students. The idea is to provide an environment that will assist each student to prepare themselves for college. A quality boarding school will provide an exceptional environment for students to live and study. The term “boarding” is “bed and board.” This involves lodging, meals, and quality education in an atmosphere that fosters learning. One of the many premiere boarding schools in the United States will provide and environment that will offer your child numerous opportunities.

Sound Reasons to Choose the Boarding School Option
Every parent has several options for education for their child. This is a serious decision to make. There are many reasons to choose a boarding school. These are sound reasons that may help you to make the right choice for your child. Education matters. A good boarding school will incorporate appropriate academics, physical activities, and interesting extracurricular activities. The following items are the top benefits that your child will receive from a premiere boarding school. These include:

* superior teachers who have a degree in their subject; Many teachers in a boarding school will possess an advanced degree

* fantastic art programs and arts facilities

* independent living for students; this fosters a “real world” experience

* students are stretched by the total academic work that must be completed; a boarding school is concerned with college preparation

* all students typically have the goal to attend college; support and encouragement from like-minded individuals

* excellent media center and libraries; they are well-filled with a large variety of exceptional materials

* they offer great sports facilities along with exceptional sports

* smaller class sizes; there is an opportunity to obtain extra attention. Classes may have 10 to 15 students in a class

* the student learns self-responsibility

* the boarding school promotes intelligence; this environment will make it cool to be smart and studious

Well-Known Boarding Schools in the United States
There are many exceptional boarding schools to choose from. The following are amongst the top boarding schools. Included amongst the top boarding schools:
* Phillips Exeter Academy
* Phillips Academy (Andover)
* St. George’s School
* the Church Farm School
* Episcopal High School

Discussing White Collar Crime

In a question and answer session reported on the Law360 website, Sean Hecker discussed his career. Hecker is a partner at Debevoise & Plimpton LLP, a white collar practice group in New York City. His clients are individuals and companies involved in white collar criminal and U.S. Securities and Exchange Commission investigations. He focuses on issues involving the Foreign Corrupt Practices Act, especially those cases involving the financial industry and pharmaceutical companies.

When asked about the most challenging case he has worked on, Hecker described the two-year internal investigation of corruption issues affecting the Siemens AG Compliance Committee. This investigation was particularly difficult because it involved coordinating investigations in several different countries with different languages, cultures and legal systems; completing an extremely complex investigation in a two-year period; and constant travel. Hecker commented that not only was this case the most challenging case he has worked on, but it was also the most rewarding because he very quickly learned how to conduct investigations abroad and was able to work with more experienced colleagues in his office, Bruce Yannett and Matt Fishbein.

Hecker discussed sentencing reform in FCPA cases. He believes the criminal justice system gives too much discretion to prosecutorial charging decisions, includes too many mandatory minimum sentences, and relies too much on lengthy incarceration, even for nonviolent crimes.

Hecker also discussed what he considers an important issue in his practice area, jurisdiction in the FCPA area. The FCPA gives the U.S. Department of Justice and the Securities and Exchange Commission “territorial jurisdiction.” This means any use, even de minimus, of U.S. mail, interstate commerce, or payment in the territory of the United States, is sufficient to create territorial jurisdiction, such as making wire transfers through U.S. correspondent bank accounts, sending email though U.S. servers, or mailing a package into the U.S.

Sean Hecker named Andy Schapiro, now a partner at Quinn Emanuel, as an attorney who has impressed him. Fifteen years ago, when Hecker was a young law clerk, he watched Schapiro skillfully maneuver through advocating for his client in a difficult sentencing hearing. He was impressed with Schapiro’s ability to know exactly which arguments to make and how he used his credibility and persuasiveness to obtain a better outcome for his client. This sparked Hecker’s interest in criminal defense work.

Why Every Investor Should Be Wholesaling Real Estate

Wholesaling automobiles and wholesaling houses have a ton in common. In reality you may discover a great deal through the use of these same techniques. The point that makes wholesaling work on any stage could be the rate of which it can be performed. In the fortunate event that you decide that you want to scale up, you can always scale up to fit your financial needs, or even scale back to avoid a financial crisis.

If you want to be a perennial investor such as, Chris Bedgood, who stars in the hit TV show on A&E, Flipping San Diego, you must realize that it is ever so important to consider that you are not wanting to attack every piece of property that you believe might work. In other words you must know your limits and not get greedy too fast. It’s imperative that you simply leave a place for the customer to produce a profit. In-fact to maintain your market credibility and maintain a positive bank account, your consumer should create a profit. You need to get in the habit of acquiring property that is worthwhile.

Alternatively when you are buying you must supply the retailer with advantages also. While purchasing wholesale you have to become ready to work. The greatest gain you will be able to give is reassurance. By making offers quickly, you are able to offer this reward. Following up in a timely fashion, looking after the facts, and closing quickly are all essential in wholesaling real estate. Also remember when you are acquiring property price can be a situation that is utterly hard to ignore. You have to offer a reasonable price while being careful not to offend any parties involved.

Combining wholesaling into your current company is a great idea if you avoid being selfish, prospect continually for wholesale customers, and do not waste time with people you can not work with. You must find a way to obtain rewarding transactions. Do not let your lack of cash retain you from investing in wholesaling real estate. You are able to play without it. Conduct business using a escrow business or an attorney who are able to close out your purchases concurrently without producing any issues or troubles. Do not make an effort to hit a home run on every offer, but instead opt for the base hit.

Wholesaling is an industry that is great. For those who have yet to become involved in the wholesaling of real estate industry, do not be afraid to enter this industry. It is truly a rewarding career just as the one of Than Merrill, a successful San Diego real estate investor.

Career Advice From a Head Hunter: How to Stay Successful

Staying successful and relevant is one of the most challenging things in the workforce for many people. It’s important to do, but it is not easy. Here are few tips on how to stay successful in a workplace environment from a headhunter.

Tip Number One: Be On Time

Whether you’re a recruiter or you’re a job hunter, being on time is important. You should always strive to be on time, whether it is a meeting, your daily work schedule, an interview, or even a business call. Being on time consistently will set you apart from the rest of your workplace. Even if it is a workplace trend to show up five or ten minutes late, do not fall victim to this. Staying on time is very important.

Tip Number Two: Dress to Impress

While it’s very important to dress to meet your business’ code, dressing above and beyond is important as well. Most of us have heard the saying “dress for the job you want, and not the job you have.” However, take care not to out dress everyone entirely. If your friends are wearing sweatpants, wear a pair of sturdy jeans and don’t wear dress.

Tip Number Three: Don’t Log Onto Facebook During Working Hours

Unless your job involves you constantly posting on your own social media account, don’t post on your social media account during working hours. Avoid checking personal emails and stay focused on the job at hand.

Tip Number Four: Get Ahead of the Game

Don’t allow yourself to fall behind on work. It’s important to keep things turned in on time. If your boss says he wants a paper by eight, make sure it’s ready by eight. Or even better, 7:55.

Tip Number Five: Make and Keep Connections

It’s important to make and keep connections. Connections are key to success in the workplace and in real life. Knowing who’s who is important. That said, make friends in all areas; you never know if Martha in the lunch room is good friends with Joe the boss. Treat all people with respect.

Tip Number Six: Keep Social Media Updated

Although you shouldn’t plug into Facebook on your work hours, it’s important to keep it updated. Head hunters say nothing makes them wince more than an out of date LinkedIn account.

Conclusion

If you are looking for a head hunter, you’re already one step ahead of the game. Following these six tips will help you be able to network with a good head hunter to land your dream job.

Here is the contact information of some head hunters in Washington, DC.

CityStaff
Careers In Nonprofits
Nels Olson (Twitter)