Reverse mortgages provide loan advances that don’t have to be repaid until the borrowers die, sell, or move. And many borrowers expect to remain in their homes until they die.
But federal research* has discovered that reverse mortgage borrowers pay back their loans within 6 to 7 years – way earlier than anyone had predicted, and only about half the average borrower’s remaining life expectancy.
No one knows why these borrowers are ending their loans so soon. But the fact that they do so has important implications if you are considering one of these loans. It strongly suggests that the likelihood of your being alive when your loan ends is much greater than you might expect.
So you need to take a hard look at what your financial situation would be if your loan were to end sooner than you expect.
We would all like to live in our homes for as long as possible. But during our 70s in particular the likelihood increases that some event might cause us to sell and move.
For example, declining health, disability, or the death of a spouse. Or you might decide to move closer to family, to a better climate, or to a place where someone else would be responsible for household chores and maintenance.
It is also possible that you may only fully understand the reality of a reverse mortgage’s costs, rising debt, and your declining equity when you see the actual numbers on your monthly statements.
But no matter what might cause you to sell and move sooner than expected, you must plan for that possibility. A reverse mortgage counselor can show you what your projected financial position (amount owed, amount of equity remaining) would be at various future times.
So take a close look at those numbers and ask yourself how you would cope financially if the loan were to end sooner than you expect, or for reasons you might not expect.
And keep in mind that that the less of your equity you spend now via a reverse mortgage, the more you are likely to have in the future when you may need it more.
* “Home Equity Conversion Mortgage Termination,” Cityscape Vol. 9 No. 1, 2007, U. S. Dept. of Housing and Urban Development, Office of Policy Development and Research
http://www.reversemortgagemonitor.org has no ads, no links to lenders, and no ties to lender interests. It provides independent consumer information on reverse mortgages, and is sponsored by the nonprofit National Center for Home Equity Conversion. It analyzes a variety of important topics at http://www.reversemortgagemonitor.org/Analysis.html
Refinancing home loans are a good way to get some cash out of the house you own. These kinds of mortgages have become popular in recent years as they are a lot cheaper interest rates than either unconsolidated loans or credit card borrowing.
This is why they are often taken out to fund children’s student fees instead of taking out more expensive student loans. Another common reasons in today’s economic world is the consolidation of other loans.
Before you start the application process though you must find out what alternatives you have. If you can borrow from friends or family, it will work out much cheaper for you.
Then check up on your existing home loan. If it has a fixed interest rate which is lower than the current variable rate, it is probably not a very good idea to take it any further.
Find out from your original mortgage contract or your lender what term your existing fixed period is locked in for and also by how much the bank is allowed to increase your rates and how often. There might well be a cap on those points It just depends really whether the rates at the time you started with your house loan mortgage are significantly different to what they are now.
Once you have done the math on that, the next ones will be to discover the costs that will be involved. These can often be quite high with refinancing mortgages. If you decide that they are too steep, again it may not be worthwhile to go ahead with the refinance.
One thing we should say here is that it may well be in your best interests to contact a mortgage professional who will have his finger on the pulse for any new offers that might have come on to the market. He may be able to save you quite a bit of money on a monthly basis.
In any case do not simply opt for the first mortgage lender that you see, you should shop around a bit. If you really do not want to go to an advisor, have a surf around the internet. There are a lot of excellent websites with plenty of information on them.
I would like to conclude this by saying that it is not always a great idea to put your home up as security if you have a better option. Having said that, a refinancing home loan is a cheaper choice than a lot of other ways would be.
With the way that the economy is today I have had to become the money advice expert for our family and would like to share some ideas that I have found.
This one is relating to our mortgages website and is all about refinancing mortgages.
In my experience, the single most neglected concept for success a newly acquired or about to be acquired residential or multifamily property demands more attention. Investors on placing a project under letter of intent and / or contract must develop an immediate action plan for the asset. Detailed changes and a very specific time-line yields dramatic results when implemented to exacting specifications.
The acquisition of a project creates instability for the asset. Wise investors develop plans to restabilize the project as a first risk mitigating action. Investors should assure that existing residents are informed of the change, updated on new billing procedures or reassured that the existing process will continue to work, and provided any changes in customer service or maintenance issues. Finally, they should be informed of what to do and when to act as the end of their lease term approaches. This activity includes updating resident information, completing new leases, and any other exchanges that should occur. Correctly executed, these steps assure stable uninterrupted reliable income post acquisition.
Next, during due diligence investors seek changes to reduce expenses, secure the asset value, and to capture potential revenue and income increases.
The opportunity on lease review alone is often immense. I’ve increased revenues within 30 days by more than 20% through the effective application of lease terms allowing greater charge backs and by uncovering uncharged revenue sources. The value gain was several hundred thousand dollars and the cash flow game was several thousand dollars per month simply by charging back all of the billable utilities and by more carefully managing the moveout and move in process. Also, identifying unexploited fees and sales opportunities and placing them in service immediately at or as near to closing as possibly magnifies results and asset value.
Additionally, developing and launching the sales and marketing plan for the project can reduce risk, increase revenue opportunity, and accelerate post closing stabilization also.
Due diligence may identify many changes offering strong asset value, expense reduction, and revenue gains. Providing capital to repair expensive water leaks, to change to high efficiency shower heads, and to begin low maintenance moveout improvements offer immediate gains. Effective plans completing property improvements accelerates rent gains and can result in sharply improved return results because of shorter timelines and earlier cost recovery. Plans to assure changes occur quickly are a key to great results.
A thoroughly planned immediate preclosing, closing and post closing plan is great insurance mitigating risk, improving revenue, and maximizing return objectives for new project owners in the residential and multifamily space.
Blake Ratcliff (US Naval Academy Graduate & Marine Officer, Serial startup entrepreneur, COO/CEO, multifamily / residential investment founder, and property manager).
Blake’s crafted 100+ business plans, prepared and delivered 1000+ investor presentations, and is an expert financial modeler. A deeply experienced real estate business person and startup business expert, Blake hones your Business plans, reports, and presentations.
Do real estate gurus really want you to succeed may sound like a very peculiar question but let’s look at the logic behind this question. As a perspective real estate investor you are constantly bombarded with very different ideas from real estate gurus. Some have years of experience, but many more have just a couple of years experience and have only operated in a frenzied environment.
I remember a guru selling a program that was touted as going further than any other program in the industry. The difference was his specific strategy of having various vendors paying for the advertising and actually making money on the home sale even if the property wasn’t sold. I admit it sounds good and it may have worked in a white-hot seller’s market, but it had no chance of working in the flat markets we have had for the past few years.
The guru still kept pounding on the success of his program – which may have occurred five years ago. After the presentation, one person who bought the course because he was having a sale in a few weekends asked what I thought. I said that the idea was old and the new wrinkle on “selling vendors” to participate was a twist but I didn’t think it would work in this market.
Three weeks later the student called me after his open house event and explained that he could not get any vendors to participate and not a single vendor who would pay to advertise. So he paid for the advertising himself and it was a total bust with only three people coming for the full two days.
I suggested he try the round-robin auction method we have used for 15+ years. He did just that two weekends later and had 53 people visit and sold the property the following week. I can guarantee that if you simply put a sign in the yard (FSBO or Realtor’s), run the usual newspaper ads, put it on Craigslist, etc. you are hoping for a lightning strike called a qualified and motivated buyer. Using a systemized marketing program that also accumulates a hungry buyers list is much more effective.
The enormous value of this investor finally selling his property was not just getting rid of it after being on the market for 7 months, rather it was the buyers list he developed. Maybe 95+% were neighbors and investors, but the others were real perspective buyers and a few of them actually had loan approvals.
The investor called the guru marketing the course and complained about the result of what had happened using the instructions from his course, and the guru offered the explanation that, “It’s a bad market”. He did offer to personally do the sale for the investor for a nominal fee of $3,000 saying that it was a small price to pay to get his property sold and how many leads he would get!
If you have been to a national training or “boot camp” you will agree that you are often besieged by additional speakers with different specialties, all with the intent of selling you additional courses. It’s not impossible to spend $20,000 – $30,000 at a single event and in some cases $50,000+. With all this money trading hands, why would the gurus want to see you fail? Frankly, if you succeed in doing deals, you will take more of their time than if you do nothing. They already have your money – it is purely economics and good business in their minds.
Just buying courses over an over again only gets you closer to broke, not closer to doing deals. Doing deals takes the courage to get started and to not be afraid of what happens. Gurus know that having you rush to the back of the room now makes money for them but not just from this initial purchase. Once you are in the system, you will now need more and more information and finally a personal mentoring course to really get you started.
These gurus already know that the road to success in real estate investing is dependent on the fortitude, courage, and experience of the individual investor. Which is the most important of these attributes? Probably, it’s the courage to get started and the fortitude to keep going. However, the real asset that is priceless to any investor is experience and that comes with doing deals, not just buying more courses.
This may be obvious, but it is a “catch 22″ – how do you get experience without getting started and how long does it take to get experience once you take a leap of faith? The quickest and least expensive way is to hire a mentor. This is the final sale for the gurus because this is where the money is and the last chance to sell a product. Unfortunately, the mentoring is often delegated to a former student or a phone bank of professional assistants in another state.
What the newbie or experienced investor really needs is to have someone locally look at his every deal before he puts it under contract and nurture him through the closing and on to the next deal. So simply put, the longer the investor takes to get started, the more courses he will likely be buying to give himself a sense of security. In reality, the only thing he gets is a deep feeling of insecurity.
It constantly feels like he can’t get enough info to get started and only one more course will be all he needs. Not so, he has enough to get started today if he has the courage to fail again and again until he succeeds. He did this as an infant learning to walk, but then he didn’t know the word failure or fear so he kept doing what needed to be done to get what he wanted – walking on his own and look how far he has come.
This is not a blanket statement or indictment about all gurus in the business. Most are honest people fulfilling the needs of other investors. It is rather an observation of what happens to investors who are perpetual beginners and never get to achieve their personal dreams of financial freedom through real estate investing. So when does it end for a wannabe investor? It should end if you find yourself not following the exact steps outlined in the course(s) you have already bought or you find you buy courses and don’t even open them.
Dave Dinkel has been a real estate investor since 1975. Dave’s focus in the past few years is educating the public in a manner that doesn’t’ amount to paying for a master’s degree. Dave’s recent contribution to this end is his e-course called “48 Ways to Create a Massive Buyers List” which can be seen at http://www.MakingaBuyersList.com
Developing the right acquisition plan can create synergistic action between projects. Good investments and good investment plans should seek to achieve synergy because synergy can mean reduced management effort, improved revenues, reduced costs, better income performance and lower overall investment project risk.
The three key focus areas most investors can capitalize on when investing in multiple properties are:
- Construction and materials,
- Location, and
- Affordability
How can you convert these points into synergistic opportunity?
Construction and materials allows you to reduce your maintenance load because you are able to share common materials, reduce costs because of increased shared volume, reduced labor because of greater familiarity and therefore faster work on the part of your maintenance team, and the opportunity to install lower cost common materials. Additionally, if you have common construction, the opportunity to develop techniques and preventive maintenance processes creating a cycle of reinforcing improvements. The idea extends to features and amenities also. You improve your supportability factors for your entire portfolio resulting in not only lower cost by greater customer service performance. Finally, from a sales and marketing perspective the common features allow more focused attention defining who the best customers are and how to attract them. As outlined, focus develops a beneficial series of reinforcing actions for the portfolio.
Focused location or types of location offers the a sales and marketing opportunity because the management team is able to intensely dig into the best means and methods to reach the renting audience. Additionally, a focused location makes hiring and support simpler for the entire portfolio. Further, support services can be more focused with fewer contractors, less staff and other benefits. Another key advantage of a focused location is the marketing materials can be honed to better describe nearby entertainment, sites, services, etc. Additionally, the staff’s capacity to become true experts about the area is significantly improved.
Purchasing a common set of properties allows you to appeal to and better close prospects as one location fails to satisfy the customer while another location proves perfect. In another permutation, the portfolio can include properties from various tiers. This creates the opportunity to sell another property if the property being considered turns out to be too expensive or not upscale enough. With a complementing commission structure this approach can lead to strong inter-property sales efforts.
In short, a few common focus items can result in a cycle of continually improving cost management, revenue development, sales effectiveness, marketing effectiveness, and finally asset value support.
Blake Ratcliff (US Naval Academy Graduate & Marine Officer, Serial startup entrepreneur, COO/CEO, multifamily / residential investment founder, and property manager).
Blake’s crafted 100+ business plans, prepared and delivered 1000+ investor presentations, and is an expert financial modeler. A deeply experienced real estate business person and startup business expert, Blake hones your Business plans, reports, and presentations.
If you have made that life changing decision to relocate to Weston, Florida, there is no doubt that you have a growing list of things to do before you can just pack up and move. The most important task to check off of that list is finding a home to make your own, in a city that will embrace new residents in the same way they have embraced everyone. Weston Real Estate includes homes of luxury and standard homes to fit any relocation budget. From mansions to fairly new standard resales, there are condos, rentals, town homes, waterfront homes, and even commercial real estate that seems to get scooped up just as quickly as it is listed.
With the housing market in crisis, now is the time for people to relocate. In this buyers market, Weston community homes seem to be put into escrow just as quickly as it is posted for sale. Homes can be purchased for under $200,000 all the way up to several million depending on your assets and your budget. Finding a reputable real estate agent is important when viewing and making offering on Weston real estate. This agent will look out for your needs, make contingency offers, and for those of your out of state, will make the purchase as seamless as possible without unnecessary and costly trips.
The 15,000 acres of land that is now Weston was first amassed in the 1950’s and became incorporated in 1996. The original developed for the City of Weston was Arvida who developed a master-planned community and prepared the land to be developed as well as setting in place financing to make that development possible. This original construction is now known as Bonaventure and was sold to be developed separately instead of being developed as a whole.
Homes are now listed for sale by these separate entities. There are new construction homes as well as resales that were inhabited by previous residents. Some of these listing are foreclosures for residents that were unable to maintain monthly mortgage payments and can be purchased at lower prices.
Cable providers within the communities are Comcast, DirectPath, and Advanced Cable Communications depending on the area. Utilities such as electricity is offered by Florida Power and Light and gas is provided by TECO/Peoples Gas. Also a great selling point to visitors is that Florida residents can qualify for a Homestead Exemption that will lower the state and local taxes.
For those relocating to Weston, there are many homes of all sizes and types to choose from. Whether you seek a home that is 6000 square feet or a condo that is only 1200 square feet, there is something within your reasonable price range. With the city’s A-rated schools and diverse culture, there is something for everyone.
Hollyandbob.net specializes in Weston Homes with 20 years experience and 120 million dollars in sales volume, they can be of a valuable asset when looking for Weston Real Estate for your next property or investment.
Investors need to choose a legal structure that provides the greatest personal tax benefits, comes with the least support overhead, offers simple reporting requirements, and provides the best compromise for liability protection. Investing in residential real estate as an owner in your personal name or as a simple partnership places substantial risk unnecessarily with you and your family. Additionally, investing in your own name or as a partnership fails to deliver the full range of tax benefits that a separate entity will provide. Because of this the clear most popular entity choice and the choice I recommend for investing in residential real estate is the Limited Liability Company or LLC.
More specifically, the issues we consider when choosing the legal structure or ownership of a residential real estate investment are:
- Tax protection,
- Liability limitation,
- Simplicity,
- Overhead
As I’ve already mentioned, most real estate investors select the Limited Liability Company or LLC for this purpose. Because most choose this, I am writing this article assuming that most investors probably represents the thorough research and good choices our investigation would choose. With this in mind, the remainder of the article discusses how each of the above selection points are addressed by this choice.
Tax Protection: If you invest as an LLC, you create a legal structure that allows you personally to write of many expenses related to the support of your real estate investment like mileage visiting the project, costs of books and publications for research, phone services, Internet costs, office space at your home or elsewhere, tax advice, and so on.
Liability Limitation: If your investment fails or is sued, the Limited Liability Company normally is the furthest your pursuers can go to collect against you unless you are guilty of criminal misconduct with the investment. This applies to debt, damages, loss of life, injury, etc.
Simplicity: The LLC passes through the losses and gains to you individually. You will receive a simple 1 or 2 page K1 for your federal tax requirements and either the same or similar document for your state requirements. Thus filing personally remains very simple. for the business itself, if your books are complete with a record of all transactions, transaction purposes, capital accounts, capital contributions, capital distributions, the dates of all these items, a good accountant can often finish tax documents in a day or two once they have end of year statements.
Overhead: The LLC is very simple to maintain legally, for accounting purposes, for State Corporation Commission purposes, etc.
While books are written on the topic, this is an effective high level description that should help you easily stay in bounds making your choices.
Blake Ratcliff (US Naval Academy Graduate & Marine Officer, Serial startup entrepreneur, COO/CEO, multifamily / residential investment founder, and property manager).
Blake’s crafted 100+ business plans, prepared and delivered 1000+ investor presentations, and is an expert financial modeler. A deeply experienced real estate business person and startup business expert, Blake hones your Business plans, reports, and presentations.
Investors view property management fundamentally differently than a career property manager. A career property manager (a manager who has invested no capital in the project) focuses on the effective quality management of the property. This difference explains why investors seek to ensure that the principal’s skin in the game meets their expectations. The difference causes small but important changes in priorities and expenditures on the part of the manager.
For the investor, focus is on risk mitigation and protecting the asset and then on profits. Customer service, maintenance, capital expenditures, and other items are supporting factors to this. As a result, investors may choose to delay a roof repair, a drainage change, changes to landscaping and grounds, in favor of paying the taxes and insurance. The investor demonstrates a focus on customers that tends toward the longer term.
Focusing on customers and customer service, the investor’s interest favors programs that produces a steady ongoing stream of customers. The manager often finds his or her focus on short term numbers at the expense of ongoing rent. Manager’s prefer near capacity results as they feel they can relax if this is achieved. The investor favors choices driving up collected rent, reducing turn over expense, and leading to steadily increasing rent results. The investor and manager interests align well on customer service because satisfied residents leads to referral and repeat business. However, the manager’s day to day involvement with residents leads managers toward a more emotional view of resident satisfaction unlike investors.
For capital, investors choices favor long term asset value improvement and risk mitigation. Managers favor immediate results leading to curb appeal emphasis, short term unit value improvements, and other changes. Investors balance revenue opportunity against the asset tending to see infrastructure protection such as roof repairs or safety issues more significantly than the manager may.
Because of the difference in perspective between the manager and the investor regarding property management, the absentee owner frequently experiences greater project issues that local investors. Additionally, the investor prudently considers all aspects of the management contract and plays an interactive role with internally hired managers seeing that investor interests and priorities receive aggressive consistent attention. These points determine that investor interests diverge from the natural focus of career managers and active investor involvement protecting the asset provides critical direction assuring projects perform. Without this applied interest, investors often find risks to the asset have spiraled out of control and profitability underperforms.
Blake Ratcliff (US Naval Academy Graduate & Marine Officer, Serial startup entrepreneur, COO/CEO, multifamily / residential investment founder, and property manager).
Blake’s crafted 100+ business plans, prepared and delivered 1000+ investor presentations, and is an expert financial modeler. A deeply experienced real estate business person and start up business expert, Blake hones your Business plans, reports, and presentations.
One may possibly believe you are doing business to the very next incarnation of Ghandi, however now and again even the greatest property owner gets tricked and every so often you will run into a person that does not take charge of their residence to the degree that you would prefer.
Security deposits have been created to shield the property owner from having to take on costs that they should not when a untidy renter vacates and leaves the residence in a state of disorder.
Receiving a security deposit ensures that after the tenant has moved out, they have left the apartment in a satisfactorily tidy and habitable state, exactly as they had when they signed the lease. If they have not done so, the deposit may be applied to bring the apartment back into habitable state for any fixes that should to be made exceeding average wear and tear.
Yet what might normal wear and tear demonstrate? It definitely sounds subjective to me.
One must always Research with the HUD office for your region to make clear you are following the law, but, there are conditions that are unmistakably defining of renter mistreatment.
If you have not painted in 10 years and you have paint peeling off the walls that would be deemed regular wear and tear. But, if you have paint falling off off the walls due to the fact that they have kids that they lift up and consent to them peel it for a good time, that is clearly not.
Getting back to the legalities of the region – nearly each region has laws that pertain to the quantity of security money a property owner can collect and that property owner can make use of to renovate the damaged apartment. Regardless of whether or not you are doing business in a region that has laws that pertain to deposits, it is always a good idea to do a Move-In inspection including pictures depicting the state of the dwelling when they moved in. Nowadays, you ought to have a digital camcorder for this kind of purposes. You must furthermore do a Move-Out inspection, once more with pictures, so you both can unmistakably compare the two.
It is at all times a first-rate thought to record the destruction done since you will gather the hard way that most judges are very renter friendly – which means they ordinarily side with the renter in a word for word situation. Yet if you are able to reinforce your assertion with proof, odds are significant that you will come out on top. However, it is the liability of the renter to notify the property owner when a patch-up is considered necessary or if destruction has happened.
All cities appoint a particular duration of time that a property owner has to return the unused portion of the security deposit.
The most frequent faux pas made by a property owner is thinking that the security deposit is theirs after move-in.
Please note: The security deposit is the occupant’s money! It is not your cash!
It is forever a good idea to set up a separate bank account for your building so that you can create accounts for your renter deposits while retaining ownership of the bank account as an escrow agent. And should your city make it a requirement for you to pay the renter interest, that can all be taken care of by the bank if set up properly. Ask for assistance if you have never done this before your bank will be pleased to hold your money!
Be aware that some cities will let you collect for the last month rent in addition to the security deposit, so be sure to check the legalities! If you can, that last month rent can be co-mingled in your checking account with your other income and used for costs as they come up. Make sure you put in the rental lease agreement that this is the case so you do not go knocking on their door to pay you when they have given their notice!
Bonus note: If the renter leaves without paying their last month rent, you are allowed to subtract it from the security deposit as well as any late fees, penalties or damages legally due you.
So, make sure you are clear on the laws in your state as the do vary.
In conclusion:
Rent collected is your money and you can do with it as you see fit. Security deposit collected is the money belonging to the tenant and may not be co-mingled with your money.
Each state determines the amount of security deposit that is collectible and when that money must be paid back to the renter.
Security deposits are for indemnity above normal wear and tear. Know how the courts in your area describe normal wear and tear!
Good luck and happy landlording!
Although the security deposit is there to protect you from renter abuse, if you abuse it by not returning it, or by not returning it on time, there are consequences. The renter can sue you for the money.
Stirling Gardner consults for EZ Landlord Forms – your best online resource for a state specific rental lease agreement and rental agreement forms.
There are reams of information on property management available. Websites concentrate on the topic. Pundits give speeches. Associations provide courses of study. Nevertheless, a volume focused on property management solely from perspective of the investor does not exist or if it does no current volume seems to be available. Unfortunately, investors have perhaps the greatest interest in the topic and investor interests end up in practice being quite different than career property management performance is. Because of this, a work on the subject from the investor perspective offers value for the industry.
Perhaps residential real estate property management from the investors perspective should be divided into sections. The concepts that standout as dividing points to me are:
- Residential and multifamily project due diligence and pre closing management preparation.
- Property management risk mitigation considerations and actions.
- Residential and multifamily project expense and capital costs management.
- Revenue, billing, collections, profit, and asset value maximization and enhancement.
Each of these areas covers a wide variety of items. Examining them in a bit more detail makes sense.
For due diligence and pre closing management preparation, investors are capturing information to set up accounting systems, resident management, websites, and develop marketing plans. Also, the pre closing activities should include specific management actions to reduce risk post closing and to immediately begin driving asset value.
Property management risk mitigation will include:
- Tax accruals and payments,
- Operating reserve plans,
- Capital reserve plans,
- Major system physical maintenance plans,
- Property viability considerations,
- Financing structure, risk, and management,
- Human resource, fair housing, securities, and other compliance issues,
- Project liability issues
Expense and cost management planning will include ledger management, management systems, bid and proposal management, vendor management, market studies and market study updates, and industry cost planning. Additionally, this should involve processes to drive operating cost down and services upward overtime through new systems, technology, and process modification.
Finally, investors property management activity must develop plans to:
- Improve and sustain revenue,
- Maintain effective billing, collections, and evictions,
- Increase net operating income,
- Drive asset value,
- Track market value trends and make appropriate buy/sell decisions.
The difficulty of the investors’ view of property management is that the responsibilities and requirements are not clearly divided, that most of the time managers interest are very close to the investors and the issues can be subtle and insidious in their effect, and that frequently investors interests and focus are not equally yoked leading to uneven application and uneven results. Nevertheless, for investors their involvement and achievement of their interests is the highest property management priority.
Blake Ratcliff (US Naval Academy Graduate & Marine Officer, Serial startup entrepreneur, COO/CEO, multifamily / residential investment founder, and property manager).
Blake’s crafted 100+ business plans, prepared and delivered 1000+ investor presentations, and is an expert financial modeler. A deeply experienced real estate business person and startup business expert, Blake hones your Business plans, reports, and presentations.