Remember RTD to Make Smart Investing Decisions

Today Adam Torres, the CEO of Century City Wealth Management LLC, is here to discuss his new book, “Money Matters.” He’ll also go over a key tip for investors.

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Today I would like to introduce Adam Torres, the CEO of Century City Wealth Management LLC. He recently published an excellent book called “Money Matters,” which covers all things finance. 

Adam wrote this book because he has over a decade of experience working and managing assets for clients. He has worked with more than 3,000 clients in that time. “Even today, when I meet with new clients they are missing some of the basics on how to manage their assets and assess risks,” says Adam.

One acronym everyone can use to assess whether something is a good or bad investment is RTD, which stands for risk, time, and diversification. 

When it comes to risk, you need to consider how much risk you are taking on with a new investment. For example, does the investment have a possibility of losing 50%? If you’re only willing to lose 10% to 15%, then that investment might be too volatile for you. 

As for time, you need to consider how long you plan on holding the investment. If you only want to invest in something for the next year, it makes more sense to invest into stock. Real estate is traditionally a long-term investment.

Do you want your entire retirement fund to depend on one investment?

Finally, don’t forget about diversification. It’s easy to fall in love with an investment stock or idea and go all in on that one thing. The problem is that even though you might invest in a great company, that company might not do well when you need it to. You have to consider diversification. Think of it this way: do you want your entire retirement riding on this one investment? 

Adam has written a truly phenomenal book. If you have any further questions, pick up a copy of “Money Matters” or visit his website. As always, if you have any real estate questions, please don’t hesitate to give me a call or send me an email. We would be happy to help you!

The Power of a Good Referral

What’s the best way to find a competent, qualified professional to help you with any service you need? A good referral. Allow me to explain.

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Purchasing in the Minneapolis area? Get full MLS access

When you are thinking about a major financial decision, if you are anything like me, you may have a little internal debate that you wage with yourself. As much as I want to make a purchase or sale, I want to find the right professionals to help me. 

I’ll ask, “How do I find them?” and “How do I know they are the right ones?” I’m like anyone else in that I want things done right now; I don’t want to wait. On the other hand, I also don’t want to rush into a poor decision.

That’s why the power of a good referral is so helpful. When a friend or colleague tells me about a 5-star experience they had at a hotel, restaurant, or even mechanic, I sit up and take notice. Great service seems harder and harder to come by these days.

The same can apply when making a home decision. There are more than 1.5 million Realtors in the US alone—how do you know how to pick the one that will help you with one of the largest financial decisions you are going to make? The power of referral, that’s how. 

The power of a good referral is so helpful.

When someone else endorses a good agent, like me, you’ll sit up and listen. Well, we decided to make this easy on you. We have dozens and dozens of our past clients’ experiences with us on video, audio, and print on our website.

Click here to see what others have to say about working with us. I’m so sure that after hearing or reading some of these endorsements that you’ll be happy to work with us. If not, a coffee or beverage at your favorite coffee shop, restaurant, or watering hole is on me. 

Just click here and let me know how my team and I may be of assistance; we are excited to be a resource for you.!

Why Do I Choose to Invest in Real Estate?

Looking to buy or sell a Minneapolis area home? Click here to perform a full home search in Minneapolis. If you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call us - 612-294-0447 for a FREE home buying or selling consultation to answer any of your real estate questions.

I recently had a client ask me why I put so much money into real estate investments. There are a lot of reasons why I do this, but let me explain some major benefits to you.

1. Appreciation is almost guaranteed. When you buy a home, it will almost certainly gain value over time. This can be said about very few investments.

2. You get a lot of tax write-offs when you own real estate.These things can add up quickly.

3. You have the opportunity to improve the home's value even further with renovations and improvements. This is especially true when you team up with a builder or a real estate agent.

Real estate is often considered the best long-term investment, and I believe that myself. I think investing in real estate is a wonderful opportunity for everyone, but you have to pick the right home.

If you have any further questions about the benefits of investing in real estate, please don't hesitate to contact me. I would love to speak with you about this issue and help you build wealth.

Hidden Costs to Avoid in Real Estate

Looking to buy or sell a Minneapolis area home? Click here to perform a full home search in Minneapolis. If you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call us - 612-294-0447 for a FREE home buying or selling consultation to answer any of your real estate questions.

I recently had a conversation with a colleague about a struggle one of his clients was having. It was in regards to hidden costs, and their buyer did not know about some of the fees and charges associated with a home purchase. We always try to educate our buyers and sellers on these types of expenses so there are no surprises when it comes time to buy.

If you’re considering buying a home, we’ve got great news for you today. We are going to go through the four main expenses associated with a home purchase that many people forget. By having this knowledge, you should be able to navigate your home purchase better. Here’s what you should know about:
 
1. Property taxes
Property taxes will vary from state to state, but generally they are 1-2% of the total property value.

2. Homeowner’s insurance
This is something you have to have in case of fire, inclement weather, or disaster striking down your home.

3. Closing costs
Generally, closing costs are a singular part of the transaction, but for them, you’ll want to factor in things like appraisals, title company charges, recording fees, as well as processing or mortgage fees.

4. Repairs
If you’re buying a previously owned home, There are going to be some issues with repairs, whether it be the roof, the furnace, the cosmetics of the home, or something else entirely. Every home ages over time, so it’s important to know what you’re buying before you commit.

All of these costs come with the joys of homeownership. If you have any questions for us about what you should be putting aside for your purchase, give us a call or send us an email. We would love to hear from you.