Welcome to the February edition of the 37th Parallel Properties Newsletter on increasing cash-flow and net worth through real estate investing. If you ever have any questions for the team at 37th Parallel, please send us an email or call 888.837.3720.
Our mission is to significantly increase our client’s cash-flow and net worth.
News & Announcements
Our 3rd 10/10 Group is starting in late March 2009 and the spots are filling up. This is one of our marquee programs with the goal of mentoring and coaching our investors as they develop an independent real-estate investment business that can generate $10,000 per month and over $1.4 million in equity growth over 8-10 years. It is open to only a small group of investors each quarter and we only have a few spots remaining for the March 24th Group 3. If now is the time for you or a friend/associate (remember our referral program) to start a proven wealth building program contact us today. “I would recommend Ed and his projects to anyone who wants to create a solid real estate portfolio which would sustain ups and downs in the market. His investments provide cashflow for those who are looking to create passive income and equity for those who are looking for long term returns.”
March 21, 2009, New Investor Seminar: Concord, CAThe e
ntire 37th Parallel Properties team will be at the Crowne Plaza in Concord, CA on March 21, 2009 for a New Investor Seminar. If you are new to 37th Parallel Properties and would like to learn more about our company and programs please contact Ed Barriskill via email or phone (925.899.5192). Seats are limited for this event.Fannie Mae Expands Investor Loan Limit Back to 10
On Friday, Feb 6th, Fannie Mae announced that starting March 1, 2009, Investors can now own up to 10 properties on their personal credit, up from the previous 4. There are a few additional restrictions regarding minimum credit score, LTV, and reserves. However, most of our investors will likely meet the new requirements already. Stay tuned for more specifics as our preferred mortgage brokers evaluate the fine print. Very good news indeed….
Click here for the Fanne Mae announcement.
Multi-family Projects
As most of you are aware, the commercial financing market has been struggling the past 12 months. This has dramatically slowed down the pace of all commercial investing. While multi-family transaction volume has been reduced by more than half (and it’s the least affected segment), it is the still the best place to be investing for the long-term. Several major trends are working in our favor and will continue to do so for the next 8-10 years.
- The US Population is growing households and shows no signing of slowing.
- Immigration rates are steady and show no sign of decreasing.
- The largest segment of the population that rents vs. owns are the ages between 18-28 and over 55.
- The two largest demographic pools, the baby boomers (~78 million) and the echo boomers (~74 million) are both in the rental market sweet spot and will be for some time.
- The housing melt-down is swinging the home ownership ratio down to the historic average. This is driving up occupancy, but not necessarily rents, yet. Once the economy stabilizes, rent growth will follow, and we will be positioned to take advantage of it.
- Multi-family buildings are a very stable asset class. Food and shelter are fundamental.
We are looking at several excellent multi-family opportunities and will have great projects ready for review shortly. It’s a time consuming process, because we only invest in projects that meet our specific cash-flow, equity, and safety criteria. If you are already an MFAM investor, stay tuned. If you’d like to receive notification and pre-qualify for apartment building investments please contact Ed Barriskill at edbarriskll@comcast.net or 925.899.5192.
- Access to the Barriskill Investment Group website and Newsletter Archive,
- Cash-flow Investing Articles and Best Practices,
- Weekly Blog,
- Event Calendar,
- 10/10 and MFAM Project information, and
- much more….
February 2009 2/10 - 10/10 Group 2 Training – Financial Analysis Webinar
2/24 – 10/10 Group 2 Training – Real Estate Professional Status Webinar
March 2009 3/3 - New Investor Webinar
3/10 – 10/10 Group 2 Training – Winning at Monopoly with Real Money
3/12 - New Investor Webinar
3/21 - New Investor Seminar: Concord, CA
3/24 – 10/10 Group 3 Training – Kickoff Webinar
Each month we spotlight one of our investors or partners and share their successes with the community. This month we would like to present Matt & Kriston Smith of Hawaii. They started investing with us in our first 10/10 Group in the Summer of 2008 and have gotten off to an excellent start. In their first 6 months of the Preferred 10/10 Program they have increased their cash-flow by over $1,000 per month via two cash-flow properties and are on track to increase their returns even more in the next few years. In addition to their monthly cash-flow, Matt & Kriston have referred other investors to the 37th Parallel community, thus increasing their cash-flow even more. “Our experience with the 37th Parallel team has been great. With any other real estate transaction when you close on a property you are basically on your own. When we closed with 37th parallel it was just the beginning, they are very accessible, had answers to our questions and offered advice that would not be found if we had tried to acquire similar properties on our own. They basically take all the guess work out of the process and most importantly offer support after the close to ensure that our cash-flow properties run smoothly. I can’t begin to tell you the peace of mind that gives us let alone the confidence to keep moving forward in our cash-flow property business.”
For more information regarding the Preferred 10/10 Program or our Referral Program, please contact Chad Doty at cdoty@37parallel.com or 804.306.2370.
From time to time we come across special projects. These are
investments that make sense, but that don’t quite fit one of our programs. We currently have two investments that fit this model in Wilkes-Barre, PA (a 6 unit apartment building and a 4 unit residential quad) The cash on cash returns are exceptional (>18%) and the Scranton/Wilkes-Barre Metro Area is one of the top 10 appreciating markets in the US.
For more information regarding these projects, please contact Chad Doty at cdoty@37parallel.com or 804.306.2370.
“The greater danger for most of us is not that our aim is too high and we miss it, but that it is too low and we reach it.”
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{ 1 comment… read it below or add one }
Very good!