Mark Prather
Founder Mark 1 Mortgage & Wealth Academy│Broker
mprather@m1m.com 
NLMS #169135
BRE # 00591014
There's never been a better time than nOW to buy residential real estate!
Millionaire Strategies! | VOLUME 2, ISSUE 9
We get one life and one opportunity to build up enough wealth and retirement income to provide for our senior years, but it takes only one economic calamity to wipe out a lifetime of effort and planning.

Are you and your money in a safe place?

Our current economic times are unlike any before! The steady shift to technology in our daily lives combined with the effects of COVID-19 has forced economic change at a rate we have never seen before.

Retail businesses have been struggling for some time due to the impact of Amazon and online sales; but with the virus, the combined economic hit has put Saks Fifth Ave (to name one victim) into eviction proceedings from one of its most prestigious locations in Florida.

New York real estate—both residential and commercial—is being impacted dramatically as people and businesses look to relocate and prices begin to decrease.

Look around at your local commercial spaces for vacancy signs. They are popping up everywhere as retailers and restaurants throw in the towel.

What does all of this mean for you and your money? The short answer is “be careful: the times they are changing!”

So where are the safe places for your money? Let’s examine what we know.

Unemployment is high due to the virus. It is impossible to know how long it is going to take for people to feel comfortable traveling and going back out into the world. This means airlines, hotels, theme parks, restaurants, and health clubs are going to be affected for some time.

As a result, the Federal Reserve will need to keep interest rates (already at all-time lows) low for the foreseeable future. This means that real estate—particularly residential—is, and will continue to be, a big winner.

There has been a complete and radical psychological shift from a modest amount of remote work to “working from home is better for employees and business owners.” Working remote means more family time and significant savings by eliminating or reducing driving costs and time, child care costs, etc.

It also means businesses can save on much smaller office space and fewer locations. Working remotely, employees have a lot more choices of locations that they can work from. Cities that were considered too far away from work are now becoming viable work options.

Additionally, families are going to be spending a lot more time at home which will increase their need for more space for a home office and/or work out space. Expect the demand for larger homes and lots to steadily increase.

So where is the opportunity?

Residential real estate is the clear big winner! The urban life will be affected as more and more people choose to have space, comfort, and security by living in communities that used to be too far away.

As a homeowner, this presents a terrific opportunity to become a real estate investor by buying in more affordable communities.

So while the stock market is more risky than ever due to all the radical changes, residential real estate has NEVER been safer.

If building wealth and retirement income sounds interesting to you, NOW is the time to do a wealth consultation so that you can learn what kind of wealth and retirement income is possible for you!

Want to learn more? 

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 Market Info:
 Market Info:
Mortgage Interest Rates Update
Interest Rates as of September 9, 2020
30 Yr Fixed Conforming Loan Limit $726,525 (LA-OC)
2.75% 1 points 3.125% APR

FHA Loans to 1 Million
2.75 % 1 points 3.5% APR
(Above interest rates are dependent on credit scores)
Down Payment & Closing Costs Assistance Programs available!

Apartments Units and Commercial Loans available *rate & loan terms are subject to various factors including but not limited to credit score.
Mark Prather
Founder Mark 1 Mortgage & Wealth Academy│Broker
mprather@m1m.com 
NLMS #169135
BRE # 00591014
Mark 1 Mortgage & Wealth Academy  |  All Rights Reserved  |  2019
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