As an astute businessman, Nick Vertucci offers some keen insight into issues seriously impacting the California real estate market. He points out that “California has many positives a thriving economy with record high tax revenue, low unemployment, and the highest per capita income level in the United States.” His decade of experience as a professional real estate investor reveals that the lack of affordable housing leaves a large portion of the population unlikely to achieve home ownership. The median purchase price of a new home in California is $500,000. Affordable housing development projects have been undermined by local zoning parameters, city planning boards, and environmental preservation groups failing to realize that their actions will negatively affect the overall economy and environment in the long run.
Vertucci perceives that a recently Senate-passed bill designed to promote large-scale affordable housing projects will come to fruition. The bill is being crafted eliminate the variety of tactics employed to hinder lower- and middle-income housing development projects. Negotiations between the legislative bodies and Governor Jerry Brown include options such as direct spending on new housing unit construction and/or removing the review and approval process of housing development plans from municipal groups and governments to the state level. He strongly believes that the current demand for and the persistent shortfall conditions of the affordable housing market will likely lead to sweeping legislative action addressing the issue.
Nick Vertucci is a man who wears many hats. His background includes a tenure in law enforcement and a diverse array of successful entrepreneurial endeavors. In 2001 he founded Coastline Micro a provider of data management technology and equipment for businesses, government agencies, and universities throughout North America. During his six-year tenure as Coastline Micro’s President and Chief Executive Officer, the start-up company grew to become an industry leader nationwide. Vertucci is no longer involved in the day-to-day operations of the business but retains an ownership interest in the business to date.
In 2007 Nick Vertucci spearheaded the establishment of The Nick Vertucci Companies, Inc. a real estate investment company. As a professional real estate investor, he achieved phenomenal success, which led to the development of the Nick Vertucci Real Estate Academy. Participants of the Academy receive training and mentorship under the tutelage of a professionally developed and managed investment system. Participants are provided assistance in all aspects related to purchasing, rehabbing, and renting bank owned properties. http://fortunesinflippingevent.com/