What is the State Of The Union Address?
The State of the Union Address is presented by Club President Shenoah Grove and is the most unique out of all our presentations.
Why?
Because this event is NOT teaching a specific strategy; rather it is going over the stats, trends, and projections for the next 12 – 18 months.
Below is the State of the Union Address from February of 2019:
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Why Is The State Of The Union Address Important?
If you want to have success as a real estate investor, then you must understand where the market has been, where it is currently, and where it’s heading.
When you have all of this information, then you can think about which strategies will work best in these specific economies.
Once you’ve figured out the strategies that will work best, you can then think about all the important aspects of running your business. Some items you’ll need to consider include changing your marketing message to attract the right type of sellers, putting together your power team, updating contract addendums accordingly, determining whether you’ll need to be more aggressive in finding private money, and more.
Why Understanding Multiple Investing Strategies is Important
Shenoah Grove has been investing in Texas since 2003 and has managed to participate in more than 1,200 deals totaling more than $200,000,000 despite the ups and downs of the different economies.
Why? Because she is a student of the market, understands multiple real estate investing strategies, and knows when to adapt to the real estate market.
Why Be A Student of the Real Estate Market?
In 2006, the Texas market was flooded with fix and flippers. The housing market was appreciating faster than normal, and many people were looking to sell their old homes than needed repair.
In 2006, focusing on a strategy where you purchased distressed properties at discounted rates, rehabbed them, and resold for profits made a lot of sense. Many flippers thought this market would last forever, never learned additional ways to buy & sell houses, and took bigger risks.
However, Mrs. Grove saw that the market was changing, slowing down and that prices would fall. As such, she adapted from wholesaling & flipping to short sales.
Many of the flippers didn’t adapt. Housing prices dropped. Buyers couldn’t qualify for loans and no one was buying these flips. They were stuck holding onto properties longer than expected and had to sell for much lower prices.
Those who didn’t understand the signals coming from the real estate market and adapt to different strategies lost a lot of money and had to try to find different careers in a horrible job market.
The State Of The Union Address
If you want to find out what part of the real estate cycle we’re in now, where we’ll be next year, and what strategies you should employ for the next 18 months, then come to our ‘State of the Union Address’.
At this presentation, you’ll…
- Learn Which Buying & Selling Strategies Will Work for your local market
- Get Key Stats & Trends and Discover What Local & National Economist Are Forecasting for the Next 18 Months.
- See the Forecast for New Housing Permits and New Multi-Family Permits (as this will determine inventory and when we will be out of the upcycle)
Stay ahead of the market by understanding where it’s at and where it’s heading by coming to our next REIA Club Event!
Another great benefit of this event is that you’ll be able to meet and connect with not only other real estate investors, but bird dogs, money lenders, contractors, legal professionals, and others who will help you build the business of real estate investing.
BONUS: Get Copy of ‘12 Ways To Buy & Sell Real Estate’ ($197 Value) FREE For Attending!
Event Speaker
Shenoah Grove – Club President
Shenoah Grove is an investor, Realtor & Real Estate Broker in Texas (license #518223). Shenoah has been actively investing in real estate and helping homeowners with creative property solutions since 2003. During that time, she has participated in more than 1,200 real estate transactions totaling more than $200,000,000.00 (and still holds an 8 figure real estate portfolio) using creative real estate investing strategies designed to help the difficult situations facing their buyers. Shenoah has always been able to survive the ‘booms and busts’ in real estate because she always understands where the market is, where it’s heading, and what strategies will work best in those economies.