Category: Consulting-Mentoring

Series: ‘MORE TOOLS’ ~ More Michigan MLS areas added

August 13, 2020

SERIES: The ‘Portfolio Approach’ includes access to more tools. You make the decisions, so my job is to give you more information, quicker access, easier to digest, of higher quality.

  • I now offer additional MLS data exchange areas for your relocations and investing with in Michigan, aka: AllOverMichigan.com

“I’m the only one that offers what I offer, Paul A., Portfolio Brokerage Officer”

Our newest data sharing access is with with MichRIC® – The Michigan Regional Information Center, LLC.:

  • Battle Creek Area Association of REALTORS®
  • Branch County Association of REALTORS®
  • Greater Regional Alliance of REALTORS®
  • Greater Kalamazoo Association of REALTORS®
  • Hillsdale County Board of REALTORS®
  • Mason, Oceana, Manistee Board of REALTORS®
  • Montcalm County Association of REALTORS®
  • Southwest Michigan Association of REALTORS®
  • St. Joseph County Association of REALTORS®
  • West Central Michigan Association of REALTORS®
  • West Michigan Lakeshore Association of REALTORS®

Your MLS search apps I set up for you are ‘live’…  I can create a customized search for you … I’m ‘on duty’, ask anything anytime.

In related SERIES posts:  Your‘frequently used tools’. 

Tools have been created to help assist if you have, had, or are considering any of the AnibalGroupLLC_RealtyNetWorth_tax-savings-with-buy-sell-brokeragebelow:

  • … income property? … a small bus. or 1099?
  • … an entity such as S-Corp, LLC, or Pship? … home office … housing for student/ child? … housing for parent? … vacation/ seasonal ?… relocation for work?

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* Anibal Group LLC does not offer legal advice. This article is not to be considered advice specific to your situation. Most financial decisions should involve advice from a trusted professional of your choice that will advise on insurance, legal, banking/ lending, structural/ property condition, and other transaction significant matters. We can offer referrals for CPA’s and other professionals.

Series: ‘MORE TOOLS’ ~ Property Search Apps ~ ‘How It Works’

August 11, 2020

SERIES: The ‘Portfolio Approach’ includes access to more tools. You make the decisions, so my job is to give you more information, quicker access, easier to digest, of higher quality.

YourSearch247 search apps best the ‘magazine sites’ with No Ads, No Clutter, Extreme Customization, Ability to Save/ Sort/ Delete properties of interest, No Tracking, & Real-Time ASAP listings without the ‘syndication’ delays of magazine sites.

“I’m the only one that offers what I offer, Paul A., Portfolio Brokerage Officer”

1. Launch from YourSpace247, or our website either by clicking on the blue link, or right click and ‘open in new tab’. Anibal.Group.Realty.Net.Worth_New.Search.Apps
2. Choose your view/ layout preference.
    • Customized styles:HIW_YourSearchesPortal_DIYCutomizedViews
    • Gallery style:   HIW_YourSearchesPortal_GalleryView
    • Map style: HIW_YourSearchesPortal_MapView
  • Enjoy ! Paul Anibal's customized home search app for Fenton MI real estate homes land lake and lakefront properties
Remember: these are ‘live’…  I can create a customized search for you…I’m ‘on duty’, ask anything anytime.

In related SERIES posts:  Your‘frequently used tools’.  Go here https://realtynetworth.com/2019/03/01/series-more-tools-home-economics-budget-mortgage-income-taxes/ to see:
Paul Anibal Group Realty Net Worth_real estate investing spreadsheets-1
Tools that have been created to help assist if you have, had, or are considering any of the below:
  • … income property? … a small bus. or 1099?
  • … an entity such as S-Corp, LLC, or Pship? … home office … housing for student/ child? … housing for parent? … vacation/ seasonal ?… relocation for work?
* Anibal Group LLC does not offer legal advice. This article is not to be AnibalGroupLLC_RealtyNetWorth_tax-savings-with-buy-sell-brokerageconsidered advice specific to your situation. Most financial decisions should involve advice from a trusted professional of your choice that will advise on insurance, legal, banking/ lending, structural/ property condition, and other transaction significant matters. We can offer referrals for CPA’s and other professionals.

Series: More Tools – STAY HOME ~ Tax Prep remote from vacation home, cabin, mission field, or ?

March 7, 2020

TAX TIME ~ Stay Home! We provide ‘remote’ aka: ‘virtual’ appointments ~ have for years! Clients? they may be across town, out-state, or, yes really, on the other side of the world.

The benefits to you are obvious. The tools we provide are ‘too many to list’. No matter what stage of the P/D/E carousel you are in, we make it easy. Easy. Easy. Easy. Anibal Group LLC RealtyNetWorth.com is open247

Calendar a ‘Virtual’ Appt / Rates / Get a ‘YourSpace’

Below is how we differ from your ‘Annual Net Worth Review’ person.

TOOL: You have a ‘portal’: aka: ‘YourSpace24/7’ – just post-in pdf’s of your docs, populate spreadsheets we’ve already built for you. After your work is completed, we post it there – really easy! We can chat further by phone as I work on your file real-time, you follow along from your e-device as desired. Or just submit tax items and its complete before you know it.

TOOL: The YourVISION tool helps you think about your bigger picture AND share it, so we serve you better. CL_ad_mug

TOOL: ARTICLES. see links.

TOOL#3 YourNOTEBOOK,

is an evolving tool produced from your feedback. We jointly track year to year info Having ‘factors’ in one location (a spreadsheet & YourSpace portal), and knowing YourVISION, we work as a team for your bottom line.

What we build as a team? Far beyond real estate brokerage & tax preparation:

– Look back access to tax returns/ tax planning for future years.
– Home economics files. – Estate planning. – Financial planning.
– Summarize voluminous documents. – Information for net worth.
– Information for loan application. – Eldercare, estate, will & trust planning.

Related Articles:

YourMapSearch | YourDetailedSearch  |  Meet | Your Wish List

 

* The above is for informational purposes only. Anibal Group LLC is not offering professional advice & this article is not to be considered advice specific to your situation. Your decisions should involve professionals of your choice re: insurance, legal, banking/ lending, structural/ property condition, and other transaction significant matters. We can offer referrals.

You’ve Got Tools – a more ‘organized’ approach to NetWorth Bigger Picture

March 8, 2019

Every year things change, so we have too! We formalized ‘Plan’ to help get to ‘Develop’ & ‘Execute’.Anibal-Group-RealtyNetWorth-door-question-chess-1

Below are new tools for our goal, your ‘bigger picture’.

TOOL#1 The YourVISION

tool helps you think about your bigger picture AND share it, so we serve you better. CL_ad_mug

TOOL#2 ARTICLES

see YourSpace247 portal RH sidebar for new links to our knowledge base.

TOOL#3 YourNOTEBOOK,

is an evolving tool produced from your feedback. This new link in your portal RH sidebar is a spreadsheet with tabs (shown below). We jointly track year to year information IRS now requires us to keep, as record of your representation. More importantly, I encourage you to look for items of interest and questions of usability. Having ‘factors’ in one location (a cross reference spreadsheet), and knowing YourVISION, we can work together on ‘what if’ questions. Here’s an overview. Series: ‘MORE TOOLS’ ~ Home economics, budget, mortgage, income taxes

Suggested uses:

– Permanent info for tax returns/ tax planning for future years.
– Home economics files.
– Estate planning.
– Financial planning.
– Summarize voluminous documents.
– Information for net worth.
– Information for loan application.
– Eldercare, estate, will & trust planning.

The ‘starter’ YourNOTEBOOK (link in sidebar of YourSpace portals) is shown below. It will evolve based on YourVISION & changing needs. Not shown in the ‘starter’ YourNOTEBOOK are many more spreadsheets. The best, I think, are planning/ evaluating future cash flows. For example, what will be your expense needs against various types of later year income sources. Also, evaluate income sources against each other – plan a good mix of sources. ‘READ’ and ‘topics’ are active links, ‘tab’ is unique to and active from your spreadsheet.

READ: topics: tab: uses:
READ: TAXATION
Notes to us Post notes/ links/ calculations here for open activity.
INCOME TAXES Note to you We’ll post questions/ notes/ links/ calculations here for open activity for your feedback.
Quick estimates Quick estimating. Useful at anytime either YOUR situation will change OR tax law OR both.
Sched C Track your business income/ expenses
Sched E Track your rental income/ expenses
Miles Useful for repetative reoccuring trips re: mileage travel.
Miles/ Meals Useful when overnight stays are part of mileage travel.
Home office Useful for local mileage and for rentals/ home office deductions.
1099 info Sample uses: Keep track of your year to year 1099’s being issued. Share info here if you wish these prepared.
READ:
HOME ECONOMICS
IMPROVEMENTS Assets Useful for insurance coverage, for buy/sell tax calculations, and for rentals/ home office deductions.
SSA_Est.1 Plan your SS payout timing and spousal options during earning and/or payout. Consider using Roth before taking SS.
CREDIT PswdMgr-Budget Make passwords easy for you/ hard for others. See your monthy & annual needs. Compare balances to pay down more quickly.
AlaCarte-TxSvgs-RNW Preplanning a buy/ sell transaction can save you thousands. Request further information.
DOCS_Reviews_Tax Document tracking. Simply copy/paste doc links from YourSpace.
Parse & total stmts Copy/ paste your CC or Bk Stmts and easily total payee/ categories. Once setup m akes a breeze of use.
READ: REAL ESTATE
PROPERTY TAX Property Basis Useful for insurance coverage, for buy/sell tax calculations, and for rentals/ home office deductions.
MORTGAGES Amort See how to more quickly pay off a balance, especially if non-deductable &/or you can get a better ROI elsewhere.
BUYING ADD THIS Docs-buy Document tracking, sharing. Copy/ paste YourSpace links here for all in one place quick access.
SELLING ADD THIS Docs-sell Document tracking, sharing. Copy/ paste YourSpace links here for all in one place quick access.
LANDLORDING ACTIVATE ROI Calc Compare investments held. Includes appreciation, rent/cash flow, tax savings.
ACTIVATE Valuation Evaluate home for selling, buy offers, tax protests. Includes seasonal & condition adjustments & market time considerations.
RELO EXPLORE Relocation Evaluate a list of agents/ brokers, selected, screened, and parsed by various criteria.
Purch/ Refi Qualify How size loan/ home can I afford? Can I qualify for refinancing?
Rehab Tracking Track rehab project expenses-to-date for you or your property management team.
Tenant App Online input tenant application for prospective tenants.
Tracking Keep log of timing & method of tenant interactions to support statutory compliance.
READ: ENTITY
Annual Estimate Plan the amount you expect for annual income/ expenses and required payroll(s).
Payroll card Track withholding with end of quarter and year to date totals.
Quarterly Est Track 941 and MISUW deposit requirements.
YearEnd checklist Keep books up to date with year end entries. Stay compliant with meetings and minutes.
Timecard Employee and contractor charges/ payments/ and payment threashold triggers.

* The above is for informational purposes only. Anibal Group LLC is not offering professional advice & this article is not to be considered advice specific to your situation. Your decisions should involve professionals of your choice re: insurance, legal, banking/ lending, structural/ property condition, and other transaction significant matters. We can offer referrals.

Series: ‘MORE TOOLS’ ~ Home economics, budget, mortgage, income taxes

March 1, 2019

SERIES: The ‘Portfolio Approach’ includes access to spreadsheets. I have thousands of spreadsheets I’ve created to assist clients…thousands. To help you organize your thoughts, there a quite a few templates that interact, to assist and give value. Some examples of these ‘multi tab spreadsheets’ would be to assist:

  • buyers – valuations/ closing costs/ pricing/ estimated time to market, etc.
  • sellers – valuation/ checklists/ comparing
  • investors – compare/ value/ track ROI/ tax issues
  • landlords – rehab costs/ ROI tracking/ management feedback/ tenant interactions
  • home economics – this is usually the start point for customers / clients. With this tool set, we can do what the mechanic does with a scan tool, what the doctor does with a workup, and what your insurance agent does with their annual feedback form.  Lets take a quick look:

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By the time you see these, they’ve no doubt been updated.

One great advantage for you will be that these are ‘live’ and interactive. We can edit formulas/ ‘what if’s/ and make clarifying graphical changes to your taste, in real-time, during a phone chat!

Look at the tab names on the bottom. What can you think up that I can assist with?

IN RELATED SERIES POSTS:  I’ll share REAL ESTATE and ENTITY ‘frequently used tools’. 

Tools have been created to help assist if you have, had, or are considering any of the below:

  • … income property?AnibalGroupLLC_RealtyNetWorth_tax-savings-with-buy-sell-brokerage
  • … a small business or 1099 contract income?
  • … an entity such as S-Corp, LLC, or Partnership?
  • … using property as home office, land storage rental, pole barn use, attached apartment for related/unrelated, or VRBO.com style letting?
  • … college (or other) housing for student/ child?
  • … providing housing for parent?
  • … vacation/ seasonal property that may have mixed use?
  • … relocation related to work?
READ: topics: tab: uses:
READ: TAXATION
Notes to us Post notes/ links/ calculations here for open activity.
INCOME TAXES Note to you We’ll post questions/ notes/ links/ calculations here for open activity for your feedback.
Quick estimates Quick estimating. Useful at anytime either YOUR situation will change OR tax law OR both.
Sched C Track your business income/ expenses
Sched E Track your rental income/ expenses
Miles Useful for repetitive re-occuring trips re: mileage travel.
Miles/ Meals Useful when overnight stays are part of mileage travel.
Home office Useful for local mileage and for rentals/ home office deductions.
1099 info Sample uses: Keep track of your year to year 1099’s being issued. Share info here if you wish these prepared.
READ:
HOME ECONOMICS
IMPROVEMENTS Assets Useful for insurance coverage, for buy/sell tax calculations, and for rentals/ home office deductions.
SSA_Est.1 Plan your SS payout timing and spousal options during earning and/or payout. Consider using Roth before taking SS.
CREDIT PswdMgr-Budget Make passwords easy for you/ hard for others. See your monthy & annual needs. Compare balances to pay down more quickly.
AlaCarte-TxSvgs-RNW Preplanning a buy/ sell transaction can save you thousands. Request further information.
DOCS_Reviews_Tax Document tracking. Simply copy/paste doc links from YourSpace.
Parse & total stmts Copy/ paste your CC or Bk Stmts and easily total payee/ categories. Once setup m akes a breeze of use.

Related Articles:

* Anibal Group LLC does not offer legal advice. This article is not to be considered advice specific to your situation. Most financial decisions should involve advice from a trusted professional of your choice that will advise on insurance, legal, banking/ lending, structural/ property condition, and other transaction significant matters. We can offer referrals for CPA’s and other professionals.

My Continuing Education

October 31, 2018

Just finished another years course work. Again, I try to take a curriculum I feel most benefits my clientele. So what kind of classes do I take?

To keep a license active, continuing education is a requirement, both for Michigan and Florida real estate brokers (and agents). Most folks may not realize but we may choose from many different ‘approved’ classes.Anibal-Group-LLC-RealtyNetWorth-NetWorth-Basics-1

Here is some recent completions for MI real estate con-ed / FL real estate con-ed / and income tax con-ed:

  • MI Green Matters and the Environment 2018
  • MI House Construction 2018
  • MI 6 HOUR PACKAGE E: Real Estate Legal Issues & Disclosure 2017Anibal-Group-LLC-Realty-Net-Worth-All-Over-USA-seal-beach-california
  • MI 6 HOUR PACKAGE D: Contract Law & Residential Leasing 2016
  • MI: [LAW] Agency 2015
  • MI ELECTIVE: Commercial Leasing 2015
  • MI ELECTIVE: House Construction 2015
  • MI ELECTIVE: Home Inspections 2015
  • 18 hrs, FL con-ed
  • Ethics & Business Practices 2017
  • LAW – Core Law 2017
  • SPE – Real Estate Specialty Credit 2017Anibal Group LLC Florida Realty Ft Lauderdale FL Corral Ridge Pres

Outside of classrooms, I’ll purposefully engage in ‘real life experiences’ that would tend to enhance skills & knowledge to pass along. This includes recent visits relating current, past, and prospective relo clients that encompassed much of the east coast including Maryland, DC, Virginia, NC, Charleston/ Hilton Head SC, and Savannah GA. Projects included a roof tear off replacement & insulation upgrade. Those 90 bundles went on easier when I was young, the 2 layer tear off ?, no fun!

My Continuing Education, your benefit.

June 20, 2018

I try to take a curriculum most useful to my clientele. So what kind of classes do I take?

To keep a license active, continuing education is a requirement, both for Michigan and Florida real estate brokers (and agents). Most folks may not realize but we may choose from many different ‘approved’ classes.Anibal-Group-LLC-RealtyNetWorth-NetWorth-Basics-1

Here is some recent completions for MI real estate con-ed / FL real estate con-ed / and income tax con-ed:

  • MI 6 HOUR PACKAGE E: Real Estate Legal Issues & Disclosure Anibal-Group-LLC-Realty-Net-Worth-All-Over-USA-seal-beach-california
  • MI 6 HOUR PACKAGE D: Contract Law & Residential Leasing
  • MI: [LAW] Agency
  • MI ELECTIVE: Commercial Leasing
  • MI ELECTIVE: House Construction
  • MI ELECTIVE: Home Inspections
  • MI ELECTIVE: Residential Leasing
  • MI: [LAW]: Contract Law
  • 18 hrs, FL con-edAnibal Group LLC Florida Realty Ft Lauderdale FL Corral Ridge Pres

 

 

 

ROI Strategies for Real Estate ~ Cash now or cash later?

February 6, 2017

If you expect real estate should involve ROI, then there’s some basics to the outline.

  1. Acquisitions – some we have control, others not – e.g.: inheritance.
  2. Holding – short/ long/ entity/ self held/ purchase for child/ etc
  3. Approach: add value/ flip/ wholesale/ rent/ vacation/ family lease to/ residence with business inside

Most properties will be held for cash income OR appreciation. If you can get both, then neither will probably be optimal.

Regardless, upfront considerations must include:Anibal-Group-LLC-RealtyNetWorth-Senior_Services_woman-elder

  1. What you need from the property: income now or later (cash flow vs appreciation)
    • I look at these like ‘a job’ or
    • ‘retirement investment’
  2. I will invest more:
    • cash or
    • time & talent

So there will be many vehicles and considerations. SD IRAs, set up LLC, Corporation, etc. One of my favorite realizations is that PROFIT is usually made on the way into an investment in THE BUY. Further when you SELL, what can you/will you do with the funds ? Make sure you have another opportunity lined up if you liquidate a great rental. Make sense ?

‘Later’ is not the preferred time to plan.

More:

Married folks note: ‘The Demise of Dower – State Bar of Michigan’

January 9, 2017

Every year I give feedback to people AFTER there has been a life changing event in their family. I strongly recommend that everyone who buys/ sells/ marries/ has children, etc, 13975257_547728985400158_1961526686294140869_o[1]seek a consultation asap with (at a minimum):

  1. Legal counselor
  2. Insurance agent
  3. Real estate/ tax consultant
  4. Estate planner

‘Dower rights’ have changed in MI. A widows automatic 1/3 interest in her husbands real estate will be altered in April of 2017.

Plan accordingly.

More:

 

Storms/ Trees/ Insurance/ Liability

December 6, 2016

As always, this is NOT to take the place of calling YOUR agent!

What happens if:3808286

  1. My tree falls on my house.
    • A: my insurance should pay
  2. ” and the ins.co. had asked I remove/trim it beforehand.
    • A: I pay
  3. My tree falls on neighbors property.
    • A: their insurance should pay
  4. ” and the tree was dead/ dying.
    • A: I was negligent, I will probably pay
  5. A neighbors tree fell on my house.
    • A: living tree – I/my insurance pays, dead/dying – they/their insurance pays.

You already know that no matter what you asap inform your insurance company with “notice of an event which could give rise to a claim”, even if you’re sure there will be none. Why? You are not the insurance expert AND you don’t know what the future holds. Contact them now.

Basic point: Check your yard for hazards, check with your agent for coverage gaps.

These are short answers.  Again, you are best advised to at a minimum QnA your: Insurable risks professional, accountant, lender/banker, realty professional, legal adviser when changes happen or are anticipated.

If you’d like me to assist further, contact me w/any questions or comments. Recall, using anyone in my referral network qualifies for reimbursed services (FREE) on your next buy/sell activity.

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For your friend at a time of loss.

September 10, 2016

Remember when you first realized you need ‘something more to offer’ when friends are at a hard time ? I remember well. I felt empty that I didn’t have deeper compassion for a grieving neighbor at a time of traumatic loss in the family. It was time to turn off the 12463529_10208993491577858_96798857_nentertainment and read.

Here is a nice starter list for you to develop deeper empathy and your loved one. I especially like C S Lewis books. He experienced an early loss of a spouse married late in life, a compassionate deep thinker who is easy to follow.

http://www.recover-from-grief.com/grief-and-loss-books.html

I guess the ever growing family counseling library I have is why I’ll sometimes call myself ‘your financial therapist’. If a loss was yours, “….what you are feeling is normal, and you are not alone.”

More:

 

When to use a real estate lawyer

August 13, 2016

Well, anytime you want to is the short answer.

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Further, most brokered transactions involve standard forms that have been drafted by lawyers. These are the same lawyers that produce materials and workshops the local attorney uses as reference. So do you need a lawyer ?

There are certain client situations that I’ll simply not move forward until and unless my customer/client consults with legal counsel. For privacy concerns I’ll not discuss them here but will chat in general terms with you and share more information to help you in your decision.

One local ‘go to’ real estate attorney I’ve used over the years is (request contact info). More oft than not, I’ll be part of the initial meeting to assist my client in clarifying what we are dealing with.

Working with the same professional over time creates a ‘default’ set of assumptions each have w/ the other, meetings tend to begin at a more advanced point. Its often optimal if

CL_ad_mug

you can pick pros that are slightly older than yourself – they will tend to be in a stage of life that you are about to be in.

(Speak to your accountant/ lawyer/ lender/ and insurance agent for specific advise – the following is excerpts from counsel received and not to take the place of paid advisers in their respective field of licensing.)

More:

What is a Good Real Estate Market to Invest in ?

January 18, 2016

Finally, an article above Readers Digest but below Wall Street Journal – like as much as I do BN-MC504_DELRAY_P_20160114115058both periodicals. But as I’ve often said, ‘don’t get your financial advise from Woman’s Day and don’t get your cooking ideas from Forbes’.

The approach to real estate investing is not about jumping in or jumping out. Its not the sound bite on the 6 o’clock news. ‘You are NOT buying a candy bar’; this is your hard earned money you are investing so you can improve life a bit. This is the more in-depth approach I prefer to take. Having invested since my senior year in college, and being the son of a real estate broker who invested in 3 states and did quite well, I’ve bought, rehabbed, sublet, rented, built new, managed for self and others, and done it in about every kind of market and every season. As far as I’m concerned, as far as I’ve seen in the 34 yrs I’ve been at this, there is virtually always an opportunity in every market and at any time.

Sometimes its in a cash deal, sometimes its in the timing – time of year, sometimes equity and profit comes from improvements, other times subdividing land. Take a glance at the article or call me and we’ll chat further.

There are always questions you’ll want to ask yourself, eg:

  • What do I have more of, time or money?
  • Do I need cash now or want to save up for future period?
  • Am I in a tax bracket that would be a better fit for setting up a separate holding entity?

There are many more.

If you are working with a professional, make sure they ask you some in-depth questions BEFORE they help you spend your hard earned money.

Article Link:  http://e.house/archives/2593

In fact, read everything you can in this website and call me in the morning: http://e.house/

More:

Sample articles –

 

Zillow, Trulia are not Realtors

May 12, 2014

Per Inman News article

Zillow, and other third-party real estate search sites like Trulia, have made a big push to Anibal-Affiliates-RealtyNetWorth-monopoly-money-flatget data feeds directly from brokers and MLSs because, without a direct feed, the portals face accuracy and timeliness issues with the listing data they get from a variety of sources.

A recent study by the brokerage and referral site ZipRealty, for example, showed that 16 and 17 percent of the homes listed as for sale on Zillow and Trulia, respectively, in the markets the study looked at were not listed as for sale in the MLS.

 

The point here is when you are ready to get to work on your buy/sell activity, there is no substitute for a licensed flesh and blood brokerage that has access to info you need – when you need it.

Ask me about the house they ‘valued’ at $184k then $93k just after I’d sold it for $150k! The seller pointed me to a similar house listed a block away – ‘Zillowed’ at $160k – eventually sold for $85k. Take it from there.

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