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Ryan Orr

Insuring Living Trusts- Team Title Guy

In the world of busy probate courts and a desire for privacy, the living trust has become a common manner of holding title to real property. The following may help you understand a few of the requirements of the title insurance industry if title to property is conveyed to the trustee of a living trust.
What is a trust?
A trust is an agreement between a trustor and trustee for the trustee to hold title to and administer designated assets of the trustor for the use and benefit of one or more beneficiaries.

Can a trust itself acquire and convey interests in real property?
No. The living trust is an arrangement between a trustee and a trustor. Only the trustee, on behalf of the trust, may own and convey any interest in real property. The trustee may only exercise the powers granted in the trust.
If there is more than one trustee, can just one join?
Maybe. The trust must specifically provide for less than all to sign.
Who can be trustee?
Any individual not under a legal disability or a corporation that has qualified to do a trust business in the state of California.

Real Estate Withholdings! Do you know. TTG

WHEN DID WITHHOLDING START FOR CALIFORNIA RESIDENTS?
The withholding law applies to dispositions of California real estate by both residents and non-residents which close on and after January 1, 2003. Previously, withholding was only required of non-resident sellers.
Why was this withholding law enacted?
As part of attempting to balance the state budget, this withholding provision was added to legislation on the last day of the legislative session in 2002. It was estimated to accelerate collection of $285 million in additional state revenue.
Who is responsible for withholding?
The law requires the buyer (called the transferee) to withhold from what would otherwise be paid to the seller.

Land Contract- What is it? -TTG

A land contract is an installment contract in which the seller finances the purchase. The seller maintains the deed until satisfaction. It is comparable to owner financing. The buyer gives the seller a down payment and the seller acts as a bank; financing the balance of the purchase or sale price. The interest rate is negotiated by the parties.
The interest rate is negotiated and set by the parties involved. Land contracts can be created on or used on most types of property such as residential, land only, mobile home with land, commercial, mixed use.
Learn more about Land Contract by clicking the flyer below.

Inland Empire San Gabriel Valley Commercial Real Estate- State of Market


Multi-Family Panel

Kevin Breve-Regional Marcus & Millichap Regional Manager
Alexander Garcia Jr Marcus Millichap SVP
Robert Hallock-  SVP- Acquistions Bridge Investments LLC
Mark Grace- VP Capital Markets- Walker & Dunlap

10,000 a day turning 21 or to a baby Boomer.
Inland Empire- Top 10 in forecasted demand in US. Highest Growth opportunities- (multi-family)
Buy in IE  for 5% Cap Rate or better.. 9 (Favorable)
Huge growth in IE, with apartment communities with all the amenities. (exercise, pools, halls and more. Low maintenance)
Velocity now vs Past cycles- Still quite a bit of opportunity to grow. Current numbers in markets are strong!
Thinking to loan opportunities and risks East of the 15 freeway years ago, now the possibilities seems wide open for growth!
IE Ranked in top 10 in Job Growth!
Baby boomers top prospects moving to Multi-Family!
Rents are about $100 more per month and Interest Rates are significantly lower.. Apartments are profitable.
Growth Opportunities are great and margins are in the IE. It will continue to drive growth in!

Panelist believes growth is on the horizon for 3-5 years..

Keynote: 
Greg Devereaux- SB County County Administrative Officer

Growth Opportunities and Commitments
Prado Dam Area- Large Plans and investments
Foothill Developments- Rancho/ Upland Communities
Chino Airport Growth and Opportunities.
Huge Growth and Commitment to Downtown San Bernardino

Keynote:
Joseph Brady- Branco Companies

Mining drives big jobs, and opportunity and mining is a huge driver in the High Desert. Logistics, and opportunity is still in marketplace in High Desert Communities.

Adelanto- Marijuana Cultivation Capital of the County

Hesperia Airport-
Logistics Opportunities- Buildings, and opportunities

BNSF- Looking to build large railroad switching yard in the High Desert. This will be able to help feed trains to as long as 3 miles long. Huge add to logistics divisions.

I-15 corridor, Estimated to be complete shortly, and is relief to the largest bottleneck on the West Coast of goods from the port to the rest of the US. Congestion relief is expected to help bring growth and around the region!

High Desert in need of High Paying jobs. Looking to incentivize business to move to the HD!

Office Panel:
John Bibeau- Cushman Wakefield
Michael G Rademaker- MGR
David Mudge- Lee & Associates

Market is improving, show the space and you will fill it.
Most space in IE are filling up from diverse markets. Niche products like that which MGR owns and manages are 97% full.

Largest tenants, Healthcare, Schools,
Office vacancies. Low was at 27% Available, Current rates are about 15%, improvement yet still room to grow.

Construction is expensive and most growth seems to currently be in building acquisition, and rehab. Spec development is a challenge due to regulation, and costs. Rates need to be $2.35- $2.50 to justify constructing new buildings

Leasing Cycle: last three years feeling of false starts. 1st qtr absorption showing great strength this year. If we can hold for 12 months, growth will be exponential. Popular belief is we are 3/4 to a complete recovery in the commercial markets.

Large Opportunity Markets currently, San Bernardino/ High Desert

Ontario Airport impact will be tremendous, and business and industry demands easy access to air travel for corporate reasons. Industry is dependent around efficiency. Autonomy at the airport and airfares will be a huge driver for the IE looking forward!

Non-Financial Trends in IE: Tightening on the spaces available. Change in how workplaces are setup, and designs on workspace.
“Creative Office Space“
Attracting millennials and the up coming workforces from the beach communities..
Regus “Esque” Workspaces continue to drive trends in commercial space..
Shared Desk Concept. Smaller offices are the way of future?

Where are we on the investment cycle? Consensus: Early on
Expectation: Ceiling looking towards $2.35-.50 a foot.. Current rents about $2.00..

Returning to life… People Can, & have been amazing. #CharliesStoryHasMeaning

My family has a story of challenge and adversity, and we don’t know how we would have been staying so strong without the support and love of so many all around us! Focusing on what we are most grateful for in such a time of loss. We have felt His love just reigning down upon us. I feel as if our Father above has been preparing me for years, and now its time for my family and I to trust in Him, and now to share the experiences we have been having as we walk in Faith. This message may not before all, but thats okay.

We are not called to do this journey alone. We are instructed where 2 or 3 are gathered.

What is your support system? Are you plugged in? Do you lean on Him for strength? Questions? Guidance?

I sure do, and we have truly been experiencing His love. Very truly I tell you, I have been experiencing it, and feeling His presence almost daily.

Be it and ear or a place to turn you can always call me, or find a small group, one you can plug into, and truly grow. Find a place to actively grow in your Faith and be bold! Unafraid to come along side people out of LOVE. His Greatest gift.

Who would have thought such a small, young girl could have had such a profound impact. Baby Charlie, I love you and hope Papa, and the big guy are taking great care of you!

Peace through Adversity. #CrazyLove #CharliesStory

Normal, what is that?

Over the last 24-48 hours my family and I have experienced one of the most challenging and trying things I think any family can go through. The loss of a child. No matter the age, I know it can be absolutely gut wrenching and can tear you apart, can tear families apart. As for my family and I, we are truly leaning on a strength greater than our own!

Wild, right? Some may have a belief that if I say I am Christian, that I will have NO WORRIES, NO STRUGGLES. This is a lie and the Bible does not say this anywhere. When tragedy or things happen in this broken world, we need to have FAITH that He will carry us through. You see this crazy thing called “Free Will” and things outside our control come into play, and can wreak havoc on our lives.

I am so grateful for the places that I plug in, as well as my family. It truly has strengthened as the Spiritual leader of my home and given strength to endure the biggest tragedy I could have ever imagined. This last week at our mens study, we were studying in the book of John.

Sounds like a simple verse, right? Nope, you see in reading this verse we are challenged. We are challenged because, if we never speak with Him, or read His word, how can we tell what is of Him or not? Over the past several years I have personally witnessed and personally experience some incredible things, that I cannot explain by anything other than by His Grace. (or even referencing my dad speaking to God, before he went home)

We truly need to prepare our hearts and be the example for our kids, and I am truly grateful for His presence in my life. Fortunately, I have been able to latch onto a few groups and individuals that have mentored me through my journey, and they mean the world to me! My friend, my Faith Mentor as I call him, Steve Foster is an incredible man! He puts up with me and all my calls, and questions. I can’t even thank him enough for being in my life. He truly embodies The Love of Christ!

Why do I bring all this up? Well, my best friend in the world, is my Bride, Danielle. We truly just had the worst event that could happen to parents, happen. For some this could cause division, fights, separation, you name it! For us, we have been drawn together closer than we have ever been. We have been experiencing and uncanny, undescribable peace that has come over us! We have experienced a Love from so many that has overwhelmed us. It has truly warmed our hearts. Its almost weird, because we seem to be coping better than we could have ever expected. It is my belief, that we are living the “footprints” Prayer.

We had an interesting visit from social worker yesterday. When she walked in, she introduced herself, and all the items she had to offer. She spoke of support groups, and grief counseling, and more. As Danielle and I looked at each other we smiled. Danielle responded, our Faith is strong and our support system has been incredible! We said to her because of this, we think we are good! We explained about our Faith in God. She was blown away, and said “WOW. That’s incredible, most people don’t have that!” Well, I am here if you need me.
You see, our prayers are being answered through the love shown by so many, and we are truly grateful for incredible friends and family. Through this time our family from youngest to oldest has become prayer warriors. Even our youngest at 4 years old is praying thanks and requests to the Father above. It is our hope that they always know where to turn in celebration, or in times of struggle! FYI, I am not saying this is easy, or that we won’t struggle with it, we just feel His presence and LOVE!
Some may say its Brave to stand out and pray, and I say why?  I believe its acting out what we say we believe. Faith without action is dead. Where would be be if when things get tough, that we turn from our beliefs?
From my family to yours THANK YOU for your prayers and for sharing Charlie’s Story. We believe that Charlie was here for a reason, and by sharing and praying, you give her life meaning! As we have chatted to friend and family we have thought about a vision. It is one of the most comforting pictures in my mind is Papa Orr with Jesus, greeting Charlie in Heaven. I picture Papa rocking her to sleep with a huge smile on his face.
So our prayer, #BEBOLD, unafraid, love on your family a little harder. Pray together WITH them and not just for them. Welcome His presence into your life! 
PS. We never know when God could be using us to answer another’s prayer. Give heed to His calling. Bless and love on one another!