We Should Follow The Business Dealings of the Godfather

Who says that real estate is not a viable investment vehicle in today’s economy?  Do you realize that because of the weak dollar, real estate is considered a bargain for shrewd investors overseas?

 

One of the big real estate success stories this week comes from one of the godfathers of modern day real estate investing, Donald Trump. Here is an article from the Associated Press about his latest residential sale…

 

Donald Trump has sold his mansion in Palm Beach, Fla., for $100 million to a Russian fertilizer billionaire Dmitry Rybolovlev.

 

Trump, who paid $41 million for the 60,000-square-foot oceanfront house in 2004, told the Associated Press, "I think it’s a great sign for the area, a great sign for Palm Beach and all that Palm Beach represents…In an age of so many people getting hurt in real estate, it shows that you can still do well in real estate.”

 

Source: The Associated Press (07/16/08) 

 

While a $60 million gross profit in 4 years will secure most of us for life, it is really just a reminder that “perception” is the real reality…not what the media projects.  The perception right now in the world is that America is on sale.  According to this Russian billionaire, $100 million was a fair price for a home in the US.  His opinion now is all that matters…his and the appraiser’s, of course.

 

Do not be influenced by the media’s skewed usage of propaganda to make you fearful.  Because I have an extensive background in radio, television, and film, I know from experience that the propaganda is only to trump up higher ratings (no pun intended, Mr. Trump).  The time is NOW to act on your fears to do something different and begin or continue your involvement in real estate. 

 

The next few years, I’m told, will manufacture the largest number of millionaire-turned billionaires in the history of our country.  What investment vehicle do you think will assist them in this? The answer…Real Estate!  Take a look at any wealthy person’s investment portfolio.  Real estate investments are part of just about every wealthy person’s portfolio mix.

 

My point…you don’t have to reinvent the wheel to take advantage of prosperity.  Just study.  Study the business minds of real estate moguls and others who have successfully moved in a positive direction with this.  Thousands of people will experience tremendous wealth over the next few years.  Why can’t one of those people be you?  Realize that you may need to start small, but the key is starting.  I can help you get started.  Contact me for a consultation to start you on your way to financial prosperity.

  

Go Hard…Everyday…

 

Gary

 

Real Estate Investing | 1 Comment » July 24th, 2008

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Listening to America Platform Meeting

What an exciting day!  We are continuing on our path as Delegates to the Democratic National Convention. We held our Listening to America Platform Meeting today in our home. The experience literally brought some of us to tears.

The purpose of the Listening to America Platform Meeting is to set the platform that will be presented at the Democratic National Convention.  Usually, political parties write the platform and present it to the American people. This year, the Obama campaign is effecting change.  The party is opening its platform process to all of us to participate in.  Our meeting had local political representation by Dan Blue, Democratic member of the North Carolina House of Representatives.  Mr. Blue is also a member of the Democratic Platform Committee that will assist in drafting the statements from all the Listening to America Platform Meetings that will be held.  We had a moderator from the Obama campaign to assist us in keeping our meeting productive, as well as, local Obama campaign field organizers Joshua Vincent and Jeff Mallare.

We decided our top issues

The meeting was opened by my husband, Gary Hooker with a warm welcome and remarks. Mr. Blue, as well as the Obama campaign staff, gave us an update on the importance of the State of North Carolina in the general election and the progress being made to turn NC Blue..(no pun intended, Mr. Blue).

We proceeded to take a consensus of the policies and issues we wanted to address as a group.  Among the top concerns, were the economy, energy, education and healthcare.  No surprises there.  What was surprising was the impromptu discussion and comments on the process of the Listening to America Platform Meeting.  We ended up having a conversation on race, as Barack Obama encourages us to do. Appreciation was vocalized and expressed for the diversity of races, cultures and ethnicities that  attended.  It speaks to the movement that is spreading across our county of inclusion, education, and empowerment.  We all spoke to the need to respect each other and that the respect must be at the foundation of all we do in order turn ideas into action that will benefit all Americans. All participants were vocal, energized and optimistic about the work to be done. 

We disbursed into smaller groups

We then broke into smaller groups to formulate policy statements that will be forwarded to the platform committee. Afterwards, statements for policy were reviewed and sent to the Barack Obama policy committee.

In closing, I just want to say that it’s time to get involved.  No matter where you are, you can host or attend a Listening to America Platform Meeting.  Take action now….as Nike says.."Just do it".

 

Political News | 1 Comment » July 19th, 2008

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Confessions Of A Landlord…Real Estate Setbacks

 

I was recently engaged in a conversation by a fellow real estate investor concerning minor setbacks in the Raleigh-Durham real estate market.  This discussion on "setbacks” was not based from the perspectives of lack of appreciation, equity, or cash flow.  Tenants were causing this investor’s setbacks.

 

First of all, I sincerely empathize with any of you with regards to your recent real estate setbacks, whether tenant related or not.  Setbacks are an unknown entity in this game.  What is important to focus your energies on is the preparation for these setbacks.  My father always told me that as long as you live through the good times, bad times would soon follow.  Ironically, the good thing about bad times is that good times always follow.  These “setbacks” will always make you stronger to better appreciate your portfolio overall when it is performing more to your liking.

 

I trust that tenant expenses are not a surprise to most of you, although I do understand that they always come with bad timing.  What you may not understand or appreciate is the ability to control your tenant’s actions. 

 

Unfortunately, in our business we deal with all types of people.  Most of them are hard working and honorable people.  Some of them are knuckleheads, and some of them are okay until they are provoked.  Whether you realize it or not, an eviction to most tenants is internalized as being provoked.  If a tenant has lost their job, down on their luck, can’t get ahead, and then, the owner enforces an eviction, they could feel like they are being pushed back into a corner.  Most people can deal with it rationally and keep it moving, but every now and again, we experience a tenant that may choose to damage the property as a means to vent or retaliate at their individual issues and shortcomings.  I would imagine that those who have ever rioted might have suffered with the same emotional state.

 

So, my point is, to just let you know that the real issue is dealing with the human struggle in life.  The issue is also realizing that you are a part of this struggle, as long as you are an investor.  Trust me, if you remain in this game as long as I have, you will definitely have to learn to balance all the challenges you will face. 

 

You have to remember that you may have acquired your portfolio with minimum cash outlay (usually 5-10% down).  You also may have to remember that many of your purposes for these investments were to obtain long-term equity and growth.  While I am not discounting your potential concerns, what you may be experiencing is all a part of the process, unfortunately.  If you don’t physically manage your own properties at some point, you may not ever fully grasp what I have typed.  If you ever need to talk about these types of setbacks, I am here to help in any way. 

 

Go Hard…Everyday… 

 

Gary L. Hooker, Sr.

United Real Estate & Investment Group, Inc.

919-872-6223

919-872-6266  Fax

  

 

Real Estate Investing | 1 Comment » July 17th, 2008

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A Conversation on Race

Hello Everyone:

As promised, we wanted to keep you posted on the what has been happening since being elected as a Delegate to the National Democratic Convention in Denver, CO.

Have you ever wanted to ask someone a question, but were afraid to? Well, in one of the replies to the congratulatory email Gary sent out someone, overcame that fear and asked me a question that prompted a "conversation on race".  I believe it is the type of dialogue Barack Obama envisioned Americans having when he gave his speech on race. I hope you find it interesting and will post a reply. The conversation is outlined below:

Lisa, Gary and Gary, Jr.

WOW!

first please do keep me posted. This is exciting news. And I’m just an outsider watching. So I can’t imagine how exciting this is for you guys. Being a white guy, in a country that has always elected males to the top office, and all those males being white guys too, we’ve never faced this decision.

So Lisa, let me ask you–I am sure that you have selected Obama to support because he is your choice as best candidate. But I am curious–did the choice between supporting a woman or a black man cause you any curiosity? I commend your choice, by the way. Maybe me being neither black nor female created no outside influences that might have shadowed my choice. But when writing that, I wonder how you dealt with that–the choice of two unique selections?

Here was my reply:

Thanks for the congratulations! We have been so moved by the outpouring of support that we have received from people. We think this election is truly historic and pivotal in our nations future. So much so, that it actually motivated us to get up and do something!

Thank you for your question. It is a great complement that you feel comfortable enough to ask me that, so I will be totally honest with you. If Barack Obama had not come along, we would gladly have been Clinton supporters. Actually, until we actually started to listen to his message, we were still Clinton supporters.

Gary actually asked me the same question. As a black women, where did I identify most? Here is what I told him:

In this county, I am black first and a women second. I have to overcome the subconscious thoughts people have when they first meet, see, or encounter me. The first thing they see is Black. How do I know this? Because it is not commented that I am a woman. It is that I am a black woman. The issue of race is still on the front burner, even if people don’t choose to acknowledge it. Things have improved in a major way, but there is so much more work to be done.

My decision to support Barack is not because he is half-black. It is because he is half-white. He has the ability to reach in an bring about a healing, that if complete, can move us all to another level. A level that I don’t think has even been acknowledged as being there or being attainable, by most of us. We need more than just a economy boost, although that is basic. I think we need an awakening to the fact that we are all inter-dependent and need to work together to accomplish what is in everyone’s best interests. I think he can lead the movement in that direction, but we all must participate.

I could go on regarding foreign policy, taxes, honesty, etc, but I won’t. I hope this answers your question. Feel free to engage us at any time.

And his reply follows:

My first reaction, Lisa, to what you’ve written–changed almost as soon as I thought it. Your comment about being black first; woman second hit me at first as incorrect.

But then, I stopped to remove me and my own feelings from my reaction, and instead looked at it as you describe it–and know that you are right.

Example–a month ago, I was with some friends at a restaurant lounge when one of the wait staff walked by. And someone commented that she was an "awfully cute young black woman." I chastised him for his comment. He and the others got all hung up on my fussing at him, thinking that I was referring to sexist connotations, as in don’t compliment females, etc.

I explained that no, my comments were not directed at the "cute", the "woman" or even the "young" part, but rather the descriptive use of race, when he said "black."

Took me a few minutes to get everyone to see my point but I think that I finally did–that a. there was only one person at that time walking by us, so there was no need to qualify the statement with either black or young; we knew who he meant. and b. if the woman had been white, would he have said, "cute young white woman"? or would he simply have said, "cute young woman?" and if he would not have used the race designation to describe the white woman, then why would he feel the need to use the race designation of black to describe this particular woman?

And that by doing so, I felt that he was displaying his inherent racism–not malicious, not intended, not even directed–but the fact that he felt the need to add that designation to his description just points out that in his mind, he sees a distinction.

I remember once telling a college professor that I felt that I was not prejudiced by race; he answered me by saying, "then, you are truly an amazing white man." I accept his point. I think that our need to distinguish person A from person B takes the lazy way out, the "old fashioned" way out, and falls back on the obvious–color of skin, build of body (fat man, skinny woman), gender–rather than working to find the true heart of the person and know him/her for that. In my half-century plus of living on this earth, I believe that I’ve made tremendous strides for a good old southern boy–but even I fall back on those lazy ways sometimes, sorry to say.

I wanted to post this to encourage the dialogue to continue. We are all in this together and we feel that conversation that leads to understanding can only improve the situation for everyone. Wouldn’t it have been great if Jesse Helms had been able to engage in dialog like this.

Please post your thoughts to keep the dialogue going.

 

 

 

Political News | 4 Comments » July 16th, 2008

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Hooker Family Selected as North Carolina Democratic Pledged Delegate for Senator Barack Obama

Hooker Family DeligatesPlease join me in congratulating my wonderful wife, Lisa Hooker!   She was just elected to receive the honor to be a pledged NC delegate at this year’s Democratic National Convention in Denver, CO for Senator Barack Obama!  The convention will be August 24 - August 28, 2008 and will be broadcasted by all the major broadcast networks in its entirety!

The NC Democratic Congressional District 13 Convention was held this past weekend in Graham, NC and Lisa was up against nearly 25 other ladies for only 3 possible female slots from our congressional district to represent the 172 delegates chosen from our state to go to Denver.  After a calculated campaign, she won the second largest number of votes from all other females seeking the position!  WOW!  Isn’t that something??!!??

I am so proud of her!!!  Gary Jr. is excited, as well.  He sees Mr. Obama on TV every day and missed him when he was campaigning in Raleigh for the NC primary.  This is such a wonderful opportunity and platform to potentially see history in the making!

Please wish Lisa and our family all the best in our journey to prepare for this historical event…a once in a lifetime event!  Stay tuned…this is just the beginning.  There are more details coming about this wonderful honor!

Make it a great week!

Gary L. Hooker, Sr.
Founder/CEO
United Real Estate & Investment Group, Inc.
www.ureigroup.com
(866) 778-UREI (8734)

Political News | 4 Comments » June 24th, 2008

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