The Power of the Money Party: Transforming Our Community Through Wealth and Cooperative Economics

The black community has often been lured by the allure of glamour and luxury, only to awaken to the harsh truth that materialism and fleeting moments of joy do not lay the foundation for lasting legacies. Enter the “Money Party” – a transformative experience crafted not only to celebrate but to ignite a passion for wealth creation. These gatherings are more than mere social events; they are movements that consciously and subconsciously guide our community towards financial empowerment, nurturing cooperative economics and business excellence.

The Concept of the Money Party:

Celebrating Financial Milestones:

Forget about just partying for the weekend; let’s celebrate achievements like closing on a house, securing a crucial loan, or successfully flipping a property. The Money Party spotlights milestones that pave the way towards financial freedom. These are the accomplishments deserving the most applause and grandest celebrations because they symbolize real and tangible progress.
Reprogramming Reward Systems:

Acknowledging and celebrating these triumphs does more than simply recognize success – it rewires our thought processes. By appreciating financial milestones, we replace old patterns of fleeting gratification with a hunger for enduring success. It’s about instilling in ourselves and our youth the understanding that genuine wealth is the ultimate objective, not just temporary riches.

Social Engineering for Positive Change:

Subconscious Influence:

Regularly celebrating financial victories implants a subconscious urge for wealth creation. Normalizing and applauding success sets a new standard for what our community values. The Money Party plants the seeds of wealth consciousness deep within our minds, integrating the pursuit of financial literacy and investment into our cultural identity.

Conscious Decision-Making:

These events promote conscious decision-making. Participants are motivated to delve into financial education, explore real estate ventures, and engage in other wealth-building endeavors. The long-term benefits are substantial – individuals prosper, and consequently, the entire community thrives.

Fostering Cooperative Economics:

Community Collaboration:

The Money Party is not just about revelry; it serves as a networking hub. It brings together individuals who comprehend the power of collaboration. By encouraging partnerships and mutual support, these gatherings lay the foundation for collective growth and triumph.

Building Professional Networks:

Supportive networks of professionals form the backbone of cooperative economics. The Money Party cultivates these networks, fostering a culture where business excellence is not only endorsed but anticipated. Together, we are stronger, and these events showcase that unity.

Achieving Business Excellence:

Showcasing Success Stories:

Success begets success. By showcasing individuals and businesses that have achieved significant milestones, the Money Party sets a standard for excellence. These stories inspire others to follow suit, demonstrating that success is not only attainable but within reach.

Educational Opportunities:

Knowledge is power, and the Money Party is all about empowerment. Workshops and discussions provide valuable insights into real estate and wealth-building strategies. Participants depart with actionable knowledge, prepared to implement what they have learned and take their initial steps towards financial autonomy.

The Money Party transcends being just an event – it serves as a catalyst for transformation. By celebrating wealth creation endeavors, we are not just enjoying ourselves; we are guiding our community towards financial empowerment and cooperative economics. This is how we cultivate a culture that prizes and aspires for business excellence and enduring prosperity. Let’s reshape the narrative, one Money Party at a time.

Join the movement and celebrate the milestones that truly hold significance! It’s time to shine a light on financial successes and construct a legacy that will endure for generations.

The Value of Sponsoring Supurb Enterprises: Aligning a Brand with Community Empowerment

For businesses seeking to make a genuine impact and align their brand with a meaningful mission, Supurb Enterprises offers a unique opportunity. Our dedication to community empowerment, wealth creation, and cooperative economics ensures that sponsors are not merely investing in an organization but in the future of our community. Here is why institutions should consider becoming sponsors.

Enhancing Brand Image:

Positive Association:

Sponsoring Supurb Enterprises entails more than just having a logo on a flyer. It involves aligning a brand with a movement focused on growth and empowerment. This positive association showcases a company’s commitment to social responsibility and community development, thereby enhancing the brand’s image and reputation.

Increased Visibility:

By partnering with Supurb Enterprises, brands gain exposure to a targeted audience eager to engage with organizations that champion community support. Our initiatives reach real estate professionals, investors, and community members, allowing sponsors to stand out as key supporters of financial empowerment and cooperative economics.

Supporting Community Initiatives:

Empowering the Underserved:

Sponsorship directly contributes to programs that educate and empower underserved communities, aiming to make a tangible difference. By funding workshops, events, and educational programs, sponsors help promote financial literacy and wealth creation where it is needed most.

Building Stronger Communities:

When a business supports Supurb Enterprises, they invest in the strength and prosperity of the community. Our initiatives foster economic growth and stability, ensuring a more promising future for all. Strong communities lead to a thriving economy, benefiting everyone involved.

Opportunities for Engagement:

Direct Interaction:

Sponsorship offers a unique chance for direct engagement with event participants. Sponsors can share insights, offer resources, and showcase their services to an attentive audience. This engagement not only fosters brand loyalty but also positions the institution as a trusted partner in the community’s financial journey.

Networking:

Sponsorship provides opportunities to connect with other sponsors, partners, and community leaders, fostering valuable relationships. These connections can lead to collaborative opportunities and enhanced business prospects, opening doors to new networks and strengthening ties within the community.

Tax Benefits:

Philanthropic Contributions:

Sponsorships are often viewed as charitable contributions, potentially offering tax benefits to institutions. Supporting Supurb Enterprises can be a strategic way to allocate a business’s philanthropic budget, yielding both financial and social returns.

Conclusion:

Sponsoring Supurb Enterprises transcends being an investment in an organization; it is an investment in the community. It offers sponsors a chance to align their brand with a mission of empowerment and growth, showcasing their commitment to creating lasting positive change. By becoming a sponsor, institutions contribute to a future where financial freedom and cooperative economics are accessible to all.

Partner with Supurb Enterprises and support a community-driven movement toward wealth creation and empowerment.

The Role of Lenders in Wealth Creation: Joining Supurb Enterprises’ Network

Lenders are the unsung heroes of real estate, without whom dreams of homeownership and investment would remain just that – dreams. Supurb Enterprises is dedicated to changing this narrative and shining a spotlight on these essential contributors. By becoming a part of our network, lenders can play a pivotal role in wealth creation within the black community and beyond.

Lenders Are Crucial:

Without access to capital, dreams of flipping houses or purchasing a first home stay out of reach. Lenders provide the critical funds that turn these dreams into reality, enabling investments and empowering individuals to build wealth through real estate. It’s not just about lending money; it’s about opening doors to financial freedom.

Facilitating Growth:

Growth does not occur in isolation. It requires capital, opportunities, and the courage to take risks. With reliable financing, borrowers can seize market opportunities, expand their portfolios, and drive economic growth. Lenders play a vital role in facilitating this growth, assisting individuals and businesses in reaching new heights.

In Supurb Enterprises’ network, lenders gain enhanced visibility among a targeted audience of real estate professionals, investors, and homebuyers actively seeking financing solutions. Stand out effortlessly and showcase unique offerings to a community eager to engage.

Within our network, you have the opportunity to collaborate with brokers, agents, contractors, and investors. Together, you can create comprehensive solutions that cater to the diverse needs of clients, fostering synergies that lead to mutual success.

Knowledge is power, and sharing that knowledge amplifies its impact. Lenders can participate in workshops and seminars organized by Supurb Enterprises, educating the community on financing options and promoting financial literacy. By actively engaging in these initiatives, lenders can establish themselves as thought leaders and trusted advisors, enhancing their credibility and influence within the industry.

Impact on the Community:

Lender financing goes beyond mere figures on a balance sheet; it is about empowering individuals to attain financial independence. By offering access to capital, lenders enable people to achieve their aspirations of homeownership, investment, and wealth creation, effecting a tangible change in their lives.

Strengthening the Economy:

Each approved loan plays a part in shaping the broader economic landscape. Increased real estate activity stimulates economic growth, generates employment opportunities, and nurtures overall development. The role of a lender is pivotal in constructing a more robust and resilient economy.

Lenders hold an indispensable position in the real estate ecosystem. Joining Supurb Enterprises’ network allows them to expand their impact, bolstering community growth and propelling wealth creation forward. Together, we can turn dreams into reality and pave the way for a brighter, more prosperous future.

Let’s make a meaningful impact! Become a part of Supurb Enterprises’ network and join a community dedicated to fostering wealth creation and cooperative economics. Let’s collaboratively build something extraordinary.

Segregation over Intergration?

Barack Obama is still a big reason the countries economy is doing well with his focus on the working class during his presidency . Jay Z has helped push the conversation about economic inequalities with his album 4:44. They have both inspired a new generation. In America it has become educated suburban communities against systematically miseducated urban communities. The true threat to this system is the rare but much more common Urban Scholar. It is a common misconception that the ultimate power belongs to the government because the greatest power has always and will always belong to the people. The elite divide us so we can hate and fear each other. Thereby disempowering the greatest power there is which is the power of the people. It is critical that we stop fighting each other and start fighting for each other

During segregation blacks were forced to start and support the businesses in their own communities. Many of these businesses flourished and helped make other Black communities i.e Black Wall Street, wealthier than their white neighbors.
After segregation ended, African-Americans flocked to support businesses owned by whites and other groups, causing Black restaurants, theaters, insurance companies, banks, etc. to almost disappear. Today, Black people spend 95 percent of their income at white-owned businesses.

This “modern, sophisticated, and unapologetically black” community had banks, hotels, cafés, clothiers, movie theaters, and contemporary homes. this came with luxuries, such as indoor plumbing and a remarkable school system that superiorly educated black children. Needless to say, less fortunate white neighbors resented their upper-class lifestyle. As a result of a jealous desire “to put progressive, high-achieving African-Americans in their place” a wave of domestic white terrorism caused black dispossession.
History has it the the creation of the powerful black community known as Black Wall Street was intentional. “In 1906, O.W. Gurley, a wealthy African-American from Arkansas, moved to Tulsa and purchased over 40 acres of land that he made sure was only sold to other African-Americans

Even though the number of Black firms has grown 60.5 percent in the 21st century, they only make up 7 percent of all U.S firms, and less than .005 percent of all U.S business receipts.

In 1865, just after Emancipation, 476,748 free Blacks — 1.5 percent of U.S. population– owned a .005 percent of the total wealth of the United States. Today, a full 135 years after the abolition of slavery, 44.5 million Black Americans — 14.2 percent of the population — possess a meager 1 percent of the national wealth. The answer to how to bridge this gap seems to have already been answered….Urban Wall St.

A group of people gave up ownership. No longer having say-so about how their children were taught and much more. It was never about integration it was about desegregation. Tearing down a system of White supremacy. Everyone deserves ownership with complete inclusion

Looking for Rentals

Looking at factors like the average number of years residents live in their homes, the number of homes decreasing in value, the average number of days homes are on the market, and a few other factors you can see what towns have a healthy market. Some of the healthiest markets nearest Boston include Needham, Milton, and Brookline. Unfortunately our best markets require a bigger part of a buyer’s income than the national average.

Rents in Greater Boston went up at a much slower pace, while the vacancy rate among apartments hit highs. Buildings are set to open around the city putting more pressure on landlords, some of whom are already offering incentives like a free month or two, to keep rent increases in check.

The average apartment in Greater Boston rented for over $2,000 a month. But the average rent went up less then from a year prior, the slowest annual growth rate in Greater Boston in years and the vacancy rate went up. You can thank supply and demand.
Thousands of housing units, the majority being high-end apartments have come on the market in Boston in the last few years, with thousands more in neighboring communities. While many of the new buildings are asking big rents like $2,500 for a studio in the South End, only so many tenants can pay that kind of money. So more buildings are covering upfront costs such as broker’s fees and security deposits. That lowers their costs to tenants and forces owners of older buildings to do the same to compete.

The big new buildings have to adjust to attract more average renters. Prices are still climbing fast in more-affordable neighborhoods such as East Boston, Charlestown, and in nearby suburbs such as Medford, where renters who are priced out of Cambridge and Somerville are looking for cheaper accommodations.

Getting a quality mortgage!

Purchasing a new home can be exciting…when you move in but before move-in day comes there will be a lot of details to focus on. In order to even begin to look for your dream home, you need to know how much you can afford to pay. To begin this pre-approval process, you need to look into different mortgage lending sources to see which one offers you the best deal. Here are four easy steps to take when searching for your mortgage.

1) Whats your FICO Score?
As it applies to mortgages, you must know your credit score. Your score is determined by many different factors such as making payments on time, opening new lines of credit, and any negative marks you may have on your record pertaining to financing. Once you know that you have no liens, judgments, or collections (except for medical), then you may proceed to the next step.

2) Which mortgage is right for me?
You next task to do when searching is to ask the right questions. You should go into this process knowing a little bit about what type of mortgage you are looking to use to purchase your home. Do you want a traditional mortgage product such as a 15- or 30-year fixed-rate mortgage? Or would you like to pursue a nontraditional mortgage product such as an adjustable-rate mortgage (ARM) that fluctuates throughout the life of the loan? Do you need a product that offers rehab assistance? These factors need to be considered before moving on to step 3.

3) Who’s your lender?
The lending sources available when purchasing a home are many. You can choose to go through a bank or find an independent lender who works through one of the big lending corporations like Loan Depot or Guaranteed Rate. It is important to note whether they have special offers going that pitch incentives to buyers or how involved they are in the buying process.
Browse the Internet for any reviews you can find on lenders you are interested in utilizing for your loan. Different lenders specialize in various programs such as FHA, VA, Homes for Heroes, 203k or NHF grant programs. Depending on your specific situation, it is important to find the best fit for you.

4) Additional costs? Negotiate!
A Lender works for you. Each one needs your business to stay profitable. You have the upper hand in your transaction and this means checking to make sure you are getting the best deal possible. Double check the lender’s fees and make sure you are well aware of any extraneous costs to be charged before you begin the loan process. Make sure you are confident in that you can always negotiate the terms with your lender.

Contact us today for more tip and information and you’ll be well on your way to finding a great lender to finance your dream home.

Don’t ingnore Real Estate Statistics!

Dont ignore housing statistics and the market until you become involved in the purchase or sale of a home. It’s only natural then that what impacts the market is a often a mystery to many. What determines a buyers’ or sellers’ market? What factors influence home prices?
Of course the answers to these questions and more may be complicated, but it’s important to pay attention to them so you keep more of your money when it’s time to buy or sell real estate.
Even in what seems like a bad time for the real estate markets, there will be a good times to come for some.

Pay Attention to Interest Rates
Its no secret that obtaining a lower interest rate for a mortgage typically allows for a lower payment. Low interest rates make home-buying an attractive move and, even a mention of rates going up can get people to get out into the market. Just like by the end of 2017, the U.S. saw 5.51 million home sales, which was the strongest housing market since 2006. Some attributed the vigorous market, in part, to the possibility of higher mortgage rates in coming months. They have risen but recognize that, after going up, rates were still at historic lows. The bottom line is that if you’re in the market for a home and interest rates decrease or remain attractively low,  get excited about the housing market.

The Economy

The current economy is a key factor affecting the real estate market.  When the economy is stable, the housing market is at its most attractive.
When job growth is strong, consumer confidence rises and we’re more likely to spend money on expensive items, like cars, appliances, vacations and, of course, homes.

Exciting Markets for Sellers

The best time to sell a home is when you need to sell your home. We understand that isn’t very helpful. If you’re one of the fortunate who has no compelling reason to sell (such as a job offer in a different town or divorce), you have the luxury of choosing when to put the home on the market.
Get excited if real estate professionals mention the words “sellers’ market.” This is a period in which there are few homes for sale but buyer demand is high. During sellers’ markets prices typically increase rapidly and homes sell at or above list price.
One of the biggest mistakes we see in sellers’ markets is the homeowner who feels that the market itself will bring top dollar for the home, regardless of condition. Be aware that it’s the homes in good condition that sell the quickest and for the most amount of money. Regardless if market conditions favor sellers, if your home isn’t in move-in condition, it may be passed over by home buyers.

Buying a Home This Year?

A buyers’ market—when there is a large selection of homes for sale and few other buyers in the market—is a great time to purchase a home. Unlike a sellers’ market, prices aren’t rapidly escalating and you won’t be competing against a lot of other buyers. These markets are more relaxed so homebuyers can take their time deciding.
In a sellers’ market, however, it’s more important than ever to have all your ducks in a row before making an offer on a property. Ensure you know exactly how much you can spend and that you’ve obtained a pre-approval letter from your lender. Make your offer stand out from others by keeping it lean and mean, with the shortest time periods for contingencies as possible. Finally, come in with your highest and best offer. A sellers’ market moves too quickly to assume the homeowner will negotiate over price.
While the type of market may determine when to jump in, as mentioned earlier, interest rates can also cause excitement in the housing market. Low rates and relaxed lending guidelines present a prime opportunity for many would-be buyers who previously couldn’t afford to purchase.

Lower mortgage rates mean a lower monthly payment, which means you have more purchasing power, and that additional power can mean the difference between buying bedroom,  closets space and, buying an upgraded home versus a dated one
There is always a mix of good and bad news, depending on whether you are in the market to buy or to sell. Arm yourself with a professional Realtor who can supply you with current and local market information, follow his or her advice and buying or selling a home in any market will be a great process

Home inspections are important!

If you’re buying or selling a home, it’s important to understand what a home inspection entails and how it affects the sale or purchase of a house.

What Is a Home Inspection?

A home inspection is an objective visual examination of the structure and systems of a home by a neutral third party. It shows you what’s wrong with the property and if it is enough to prevent a sale. An inspection does not concern code violations and therefore does not guarantee that the home is free of them. The three main points of the inspection are to evaluate the physical condition of the home, identify items in need of repair or replacement, and estimate the remaining useful life of the major systems, equipment, structure and finishes.
An inspector cannot report on defects that are not visible, such as defects hidden behind finished walls or beneath carpeting, and inaccessible areas. Seasonally inoperable systems (swamp coolers, air conditioning, furnaces) will not be turned on during the inspection.

Hiring an Inspector

To hire an inspector, get recommendations from your Realtor, or from friends and family. When interviewing inspectors, be sure to ask for references and memberships in professional associations. Find out about the inspector’s professional training and experience.
It’s a good idea to be present during the inspection for a few reasons: you can ask the inspector questions during the inspection, the inspector will have the opportunity to point out areas of potential trouble, and many inspectors also will offer maintenance tips as the inspection progresses.

Making Suggested Repairs

The seller is not required to make any repairs or replacements. However, the buyer can use the inspection report as a negotiating tool. For instance, if certain repairs or replacements are made, the buyer might offer to pay more, or if they’re not, the buyer can bid lower.

Costs and Time Involved

The inspector’s most important priority is accuracy, and accuracy takes time. The chances of mistakes are more likely if the inspector rushes through. Your inspection may take between two and five hours. Older homes take longer than newer ones.
Expect your inspection to cost from $300-$700 depending on size. It may be one of the most important investments you make when buying a home.

Know your FICO Score!

Until a little while ago, FICO scores had little to do with mortgage lending. Underwriters made decisions based on payment history and income-to-debt ratios. But they began to look at the relationship between credit scores and mortgage delinquencies. People with low FICO scores defaulted on loans with far greater frequency than did their higher scoring peers. Your FICO scores may differ slightly between the three national credit bureaus, Equifax, Experian, and Trans Union. In general, however, each agency uses the following issues to determine your score.

1. Delinquencies. A 30-day late payment is not as risky as a 90-day late payment. Still, it’s best to avoid either.
2. New credit. Creditors expect you to open accounts in order to establish credit, but you run the risk of reducing your score by opening several credit accounts in a short period of time. It suggests you are overextended and may not be able to meet new credit obligations.
3. Short credit history. A longer credit history is more impressive than a newly established one.
4. Balances on revolving accounts near maximum limits. A consumer close to “maxing out” cards may have trouble making payments in the future.
5. Public records (tax liens, judgments, bankruptcies). These all jeopardize a healthy FICO score.
6. Consumer credit agencies. Although they offer consumers lower interest rates and credit counseling, the use of credit counseling services negatively affects FICO scores.
7. No recent credit card balances. Having a very small balance without late payments can improve your FICO, showing that you manage credit responsibly.
8. Too few revolving accounts. If you fail to use credit, there is no way to evaluate your ability to manage it.
9. Too many revolving accounts. Multiple revolving accounts suggest a high risk of over-extension.

Credit scores can affect your interest rate. Some lenders establish lower interest for high FICO scores and higher interest for low scores. Some will not loan at all to people with low FICOs. And other lenders specialize in finding loans for the FICO-score challenged. If you have less than perfect credit, you can find a lender who will work with you.

Investing in Real Estate

Buying Your First House?

Owning your own home has been part of the American Dream for years. The pride of ownership and sense of belonging somewhere have been strong factors in motivating over 60% of all households to own their own homes. In addition, there can be true financial rewards from home ownership. But, not always.

How Much Home To Consider

Buying and owning a home is expensive. You will need funds for a down payment (perhaps 20% of the purchase price) and any mortgage closing costs before you buy. After you buy, you will have monthly mortgage payments, property taxes and insurance. Then, there are the other expenses like utilities and maintenance. Finally, if you are like most homeowners, you will want to furnish it. All of these items cost money.

Deciding how much to spend for a home can be complex. You probably want as nice of a home as possible, but you want to be able to afford it. What you can afford depends on the size of your mortgage, mortgage rates, costs of home ownership, your other expenses and your income. One rule of thumb to consider is that the total of your mortgage payment, property taxes and insurance should be no more than 28% of your household income.

Tax benefits from home ownership

Many taxpayers find that the interest on their mortgage and the annual property taxes they pay are large enough to enable them to itemize their deductions instead of using what is commonly referred to as the standard deduction. For many homeowners, their interest and property taxes exceed those amounts. Be sure to keep track of when you pay your property taxes. Some taxing districts have due dates close to the end of the year, and you must have paid the tax before December 31 to get the deduction.
The IRS also allows you to exclude any gain on selling your house up to $500,000 if you file a joint income tax return and meet certain requirements. You may want to investigate these tax advantages further or talk to a tax accountant to completely understand the tax advantages.

Potential gains from selling your home

The housing market in many areas of the country is currently suffering. While that may be bad news for existing owners, it can be very good news for those buying their first home. When the housing market improves, and the odds are good that it ultimately will, the value of your home may rise.