Month: December 2013

American Real Estate Investors Academy Creates Apprentice Program

The American Real Estate Investors Academy has created an Apprentice Program for real estate investors. This new program matches successful real estate investors with motivated students.rnnnPhiladelphia, PA (PRWEB) December 27, 2013nnThe American Real Estate Investors Academy has created an Apprentice Program for real estate investors. There has been an explosion of real estate mentoring programs across America. Many of these so called mentor programs just link a student to a call center. That call center worker doesn’t know much more than the student. In fact many of these so called mentors are just reading from a series of pre-written scripts. In some cases a call center employee with a script has never bought or sold a house himself. The directors of the American-REIA believe that this approach shortchanges the student and gives the entire industry a bad name.nnrnnnThere are a number of very legitimate real estate educators in the market today who have legitimate coaching programs. In general these legitimate programs offer the student a real value. The problem with many of the legitimate programs is that they have a very narrow focus. If the guru is teaching how to do a single technique, then that is all that the student will learn.nnrnnnThe American Real Estate Investors Academy began looking for an all-inclusive coaching program to partner with. The club searched for a program which would allow a student to gravitate towards his or her own personal investing interests. Nothing of the sort seems to exist. So the American-REIA made the decision to start up an in house program. The goal of this program was to match successful real estate investors with motivated students in an old fashioned apprentice model.nnrnnnThe apprentice concept can be traced back to old world Europe and the building trades. In the days before literacy became commonplace the only way for a worker to learn a skill was to apprentice himself to someone who already had those skills. A fledgling stone mason would look for a master stone mason to study under, and this is the way that every other skilled trade educated the next generation. This practice still lives on in the trade unions of today. An apprentice electrician learns from a master electrician, and as his skill level increase he is able to make more money.nnrnnnReal estate investor education still follows the old model in a large part because the techniques change with market conditions and market conditions fluctuate constantly. For example short sales are a great way to make money in a declining market but nearly useless in an appreciating market. So investors need to be able to learn a variety of techniques and adapt on the fly. The only people who are qualified to teach real estate investors are other successful investors who have already experienced a few market cycles. The academy has located and contracted with a number of qualified individuals to provide this service.nnrnnnThe American Real Estate Investors apprentice program takes the mentor concept and adds real world experience to the mix. Unlike other programs that can cost as much as $40,000 with potential up-sales along the way. The American-REIA apprentice program offers a flat fee structure of $10,000 for six months of thirty minute one on one phone calls. The master real estate investor will work with the student in a way that fits the student’s personality, and learning style.nnrnnnDue to the scarcity of qualified instructors, the program has limited space. Perspective students may be placed on a wait list. To inquire about the apprentice program simply follow this link.

Fall of 2013 is an award-winning season for Philadelphia VIP

Philadelphia VIP volunteers, staff and board members won awards for public service.rnrnnnPhiladelphia, PA (PRWEB) December 26, 2013nnVolunteers, staff and board members of Philadelphia VIP, the hub of pro bono legal services in Philadelphia, won awards for their outstanding public service and commitment to pro bono work this fall.nnrnnnOctober opened VIP’s award-winning season when Karen Aloia won the Philadelphia Association of Paralegals (PAP) 2013 Pro Bono Award for her work with VIP and the Philadelphia Residential Mortgage Foreclosure Diversion Program. PAP recognized Karen, a senior paralegal at Pepper Hamilton LLP, at its annual luncheon on Oct. 2.nnrnnnIn November, TE Connectivity’s legal department won the Philadelphia Bar Foundation’s 2013 Pro Bono Award for their volunteer service with VIP. VIP Board Member Alex Braden won the Philadelphia Bar Association Young Lawyer’s Division Craig M. Perry Service Award for his volunteer service to low-income VIP clients. Lastly, VIP Managing Attorney Ourania “Rainy” Papademetriou won the Association’s Family Law Section Herbert R. Weinman Jr. Award.nnrnnnIn December, one of VIP’s summer 2012 legal interns, Rachael Eisenberg, won the 2013 Public Interest Section Law Student Award. Philadelphia VIP volunteer attorney Lee Zimmerman was one of four winners of the first annual TERA Community Service Award.nnrnnnPhiladelphia VIP also would like to congratulate the 2013 Corporate Counsel Award Honorees. VIP volunteer Amy Tarr won the Community Champion Category Award. One of the founders of VIP’s LawWorks project, Jon Wright, was a Public Company Category finalist. Former Board Member Brennan Torregrossa and current Board Member Sophia Lee were Judges’ Choice Award winners.nnrnnnPhiladelphia VIP is grateful for the outstanding service of its volunteers and salutes these award winners.nnrnnnPhiladelphia VIP (http://www.phillyvip.org) was founded in 1981 by the Philadelphia Bar Association and Community Legal Services to meet the legal needs of low-income Philadelphians by recruiting and training attorneys to provide pro bono legal services. Since that time, the organization has recruited and trained thousands of private attorneys to create a pool of volunteers to provide consistent, high-quality representation to low-income clients with critical legal needs. VIP continues to implement creative and effective ways to bridge the gap between marginalized individuals, families and communities with legal needs and lawyers possessing the skills and ability to meet those needs. Today, VIP’s diverse volunteers serve more than 3,000 clients annually with legal issues that affect basic human needs. Philadelphia LawWorks, a project of Philadelphia VIP, is a pro bono referral program that serves nonprofits, small businesses and homeowners. For more information about Philadelphia VIP contact Tracie Johnson at (215)523-9567 or phillyfellow(at)phillyvip(dot)org.

S&P Raises City of Philadelphia Bond Rating

Posted on December 23, 2013 by City of PhiladelphiarnCity receives its highest rating in history from Standard & Poor’s.rn rn rnDecember 23, 2013– Standard & Poor’s Ratings Services (S&P) has raised the City of Philadelphia’s bond rating to its highest level ever, lifting its long-term and underlying rating on the City’s general obligation (GO) debt to A+ with a stable outlook, up from A-.rn rnIn the last two and a half years including this action, Standard & Poor’s Rating Service has upgraded the City’s GO rating three times. In June 2013, S&P raised the City’s rating to A- from BBB+ and in April 2012 the City’s ratings were raised to BBB+ from BBB. Prior to the upgrade in June 2013, it had been more than 30 years since the City was rated in the A category by all three major rating agencies.rn rn“I am very proud that the City’s bond rating has, once again, been upgraded – this time, to its highest rating ever received from S&P,” said Mayor Michael A. Nutter. “This upgrade recognizes the City’s strong financial management practices and the diligent work of Finance Director Rob Dubow, City Treasurer Nancy Winkler, Budget Director Rebecca Rhynhart and their staffs. And Philadelphians should know that in very practical terms, a higher bond rating means a lower cost of borrowing.”rn rnOver the last several months, S&P has been applying new credit rating standards to municipal issuers. The standards evaluate overall economy, financial management including budgetary flexibility and performance, debt management and liquidity.rn rnIn its September 2013 report announcing its change in methodology, S&P estimated that “assuming that governments maintain their current credit characteristics, testing suggests that about 60% of the ratings would remain unchanged under the criteria while about 30% of the ratings would increase and about 10% would decrease, generally by one notch.” By way of background, Seattle, New York, Memphis and Washington DC’s ratings remained unchanged when S&P applied the new standards to their GO ratings in recent weeks.rn rnCity Treasurer Nancy Winkler said, “The Mayor’s finance team has worked hard to stabilize the City’s finances and to position the City to be able to withstand growing cost pressures and other financial challenges we face. While we appreciate S&P has recognized our hard work, as one of the lowest rated large cities, it’s clear that there’s more we need to do, including improving our pension funding and improving our fund balance.” rn rn“We view the City’s management conditions as very strong, with strong financial practices,” said S&P Analyst Hilary Sutton. The report also noted the City’s “very strong liquidity” and “strong budgetary performance.”