Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Investors Prefer Flipping Over Hold-to-Rent Strategy for Third Straight Quarter About Author: Xhevrije West Demand Propels Home Prices Upward 2 days ago Print This Post Investors bidding on properties online and at live events nationwide appear to prefer flipping these purchased properties more than renting them. Auction.com, LLC, recently revealed the findings from its second quarter 2015 Real Estate Investor Activity Report, a nationwide survey of real estate investors. The data collected determined that flipping is still going strong, edging out the hold-to-rent strategy for the third consecutive quarter, a trend that has been consistent since Auction.com began tracking investor intent.“Rounding out the first half of 2015, most of the country and most investor segments performed in a manner very consistent with what we’ve been seeing for about a year,” said Rick Sharga, Auction.com EVP. “We’re seeing two major trends that are driving these numbers. First, we’re seeing a return of the ‘mom and pop’ investor in the single family rental space–smaller investors with an intimate knowledge of their local markets, who are willing to buy properties that deliver long-term returns based on monthly cashflow. Second, investors focusing more and more on flipping properties in regions where prices have rebounded from the 2008 crash and inventory of homes for sale remains scarce–an almost perfect scenario for investors looking for a short-term profit.”The Auction.com investor research provides insight into real estate investment trends on a national and regional level. Factors such as price appreciation and inventory constraints continue to dictate investor strategy.”Although Auction.com’s findings for the second quarter reveal a propensity toward flipping among investors overall, investor intent varies considerably by the type of auction (live event versus online auction) and investor profile,” the report said. “Survey respondents who indicated that they were making a one-time purchase clearly preferred a hold-to-rent strategy, while respondents identifying themselves as full-time ‘real estate investors’ and those indicating that they were working on behalf of another investor favored flipping.”According to the report, investors bidding at live events are more likely to flip the properties they purchase based on survey responses collected in the second quarter of 2015. Respondents noted a preference toward flipping over holding to rent in every state where Auction.com conducted live events. The Southwest and Midwest had the widest margins of all states represented in the survey.On the other hand, Auction.com found that survey participants in online auctions generally intend to hold the properties they purchase. This was true in every region except the Northeast, where investor are more attracted to flipping. This is likely due to the region’s inventory constraints and higher purchase prices negatively impacting rental property returns.Less active investors or those indicating that they purchase one or fewer properties per year demonstrated a strong preference for renting properties, the report said. Meanwhile, flipping was prevalent among investors who purchase multiple properties per year, a preference appears to be growing among investors purchasing more than 50 properties per year. Almost 62 percent of respondents in this group favored flipping in the second quarter, an increase from 56.3 percent in Q4 2014 and 53.6 percent in Q1 2015.Click here to view Auction.com’s second quarter 2015 Real Estate Investor Activity Report. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Market Studies, News Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Xhevrije West is a talented writer and editor based in Dallas, Texas. She has worked for a number of publications including The Syracuse New Times, Dallas Flow Magazine, and Bellwethr Magazine. She completed her Bachelors at Alcorn State University and went on to complete her Masters at Syracuse University. Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Share Save Tagged with: Auction.com Hold-to-Rent House Flipping Investor Strategies Investors Related Articles The Best Markets For Residential Property Investors 2 days ago July 14, 2015 1,435 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: LenderLive Network Adds New VP of Business Development for Due Diligence Next: Foreclosure Metrics Experience More Double-Digit Declines Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Auction.com Hold-to-Rent House Flipping Investor Strategies Investors 2015-07-14 Brian Honea Investors Prefer Flipping Over Hold-to-Rent Strategy for Third Straight Quarter Data Provider Black Knight to Acquire Top of Mind 2 days ago
“For example, in the village of El Botalón, in Tame, we are investing 10 billion pesos [approximately $3.43 million) to bolster plantain cultivation,” Brig. Gen. Murcia explained. “We are also providing support for the construction, expansion, and improvements to the Agricultural Promotion Institute in Puerto Jordán, at a cost of 909 million pesos [approximately $312,000]. We began the process for all of these works in 2012, and even though they have not been completed, they are coming along nicely.” Consequently, the improvement in public safety has opened the way for development projects. Villagers are grateful for the public safety improvements and the development projects that Army Troops are bringing to the region. Until security forces improved public safety in the region, the conflict in Arauca impeded the development of technological and production capabilities for the agricultural sector. Over 84,000 cases of forced displacement were reported from 2000 to 2014, according to the Sole Registry of Victims. “Thanks to the Army’s public works projects, we now have a much more pleasant urban area,” said Edgar Ortiz, government secretary in Tame, Arauca. “The Senior Citizen Center, the paved streets connecting the high school to a major road, the arena with its recreational area… it’s all part of an infrastructure that is vital for us.” Revitalizing regions impacted by illegal activity “These works are very important because Cubará has very limited resources, and this affects the municipality’s progress,” said Vivián García, a student at the high school. “I have lived here for 15 years and this is the first time that I have seen any progress in this town,” said Carlos Martínez, chair of the Araguaney Community Action Board in Puerto Jordán, a village in the Colombian municipality of Tame. “Since the Military came to build these public works, we feel like new people, and we have the opportunity to express ourselves differently.” Colombia’s National Army is conducting a series of initiatives under the Sword of Honor campaign to promote development in the department of Arauca, a region that has been significantly impacted by armed conflict between the government and the Revolutionary Armed Forces of Colombia (FARC), the National Liberation Army (ELN), and gangs. By Dialogo November 05, 2015 These civic actions by the military should be increased after the conflict to gain acceptance from the civilian population I hope the FARC rats are put to build all the houses they razed with bombsâ€¦ Accordingly, the Army designed a strategy to support projects, such as the constructing and repairing of roads, bridges, homes, health centers, and schools. Traditionally, Arauca has produced a significant amount of agricultural products; Arauca’s Chamber of Commerce reported the department is the primary producer of plantains nationwide, at 61.97 percent, which is why the Army’s plan is focused on supporting agricultural production projects. Using the data in the report, the Army diagnosed issues that impacted towns such as La Paz, El Oasis, El Botalón, and Santo Domingo – places where the government had never established a presence due to an extraordinary lack of security, according to Brig. Gen. Murcia. Over the years, the FARC, ELN, and gangs engaged in activities that harmed the region’s economy, such as extortion, kidnapping for ransom, drug trafficking, and the destruction of oil pipelines and power grids. They’ve also assassinated majors, judges, Soldiers, police officers, and journalists, while FARC and ELN violence has displaced thousands of residents. Since 2012, the Quirón Task Force, under the Army’s Eighth Division, has supported development in various municipalities in Arauca and in Cubará, a municipality in the department of Boyacá, with building, maintaining, and repairing crucial infrastructure components of the mission. In April, for instance, the Engineering Battalion finished paving 17.5 kilometers of a roadway from Saravena, in Arauca, to Cubará. The thoroughfare is crucial for the region because it connects the departments of Santander and Norte de Santander, expanding opportunities for trade and commerce. Many of the Army’s development efforts began in 2011 within the framework of the Ministry of Defense’s Strategic Renovation and Innovation Committee (CREI) when it engaged in a series of interviews and surveys to determine what initiatives and projects could help Arauca and its residents. Puerto Jordán has come back to life as a result of authorities investing almost 4 billion pesos ($1.371 million) in public works since 2012. The area is home to 10,000 residents and has a 1,300-student high school outfitted with modern equipment, according to Brigadier General Luis Danilo Murcia, commanding officer of the Quirón Task Force. The Army also built a stadium, a playground, and a home for the elderly. But Colombia’s Armed Forces have made significant progress against the FARC, ELN, and other illegal groups in recent years, as successful Military initiatives have bolstered security in regions impacted by terrorist and criminal groups. For instance, in 2012, an Army air strike destroyed a FARC camp near the village of Puerto Jordán in Arauca, forcing FARC operatives to retreat and enabling security forces to regain control of the area. Similarly, in 2014, the Army began working on the construction of a dairy transformation plant – for products such as cheese and yogurt – in the municipality of Arauquita. The investment of 10 billion pesos will enable the plant to begin production in mid-2016 and benefit about 45 countries. “Araucans are hard-working people, and they enjoy tilling the land and raising livestock. In the survey, they expressed their desire to receive support to boost their agricultural activities and end their dependence on the oil industry,” Brig. Gen. Murcia added. “They also asked us to build and improve roadways so they could sell their products outside the area. Furthermore, they asked us to build schools and multi-sports centers to educate their children.” Beginning in the early 1970s, illegal armed groups began operating in earnest in Arauca, a sparsely populated rural region that has 9.74 residents per square kilometer, well below the national average of 37. The groups targeted the region’s petroleum industry, stealing oil from pipelines to finance their illicit enterprises. The infrastructure projects supported by the Army are promoting development in regions where the economy has been harmed by FARC and ELN violence. To facilitate planning for project requests from the Araucan community, the Army established the Office of Client Services and Indigenous Affairs. In 2012, the extraction of petroleum and gas accounted for 53 percent of the department’s Gross Domestic Product (GDP), while agriculture, livestock, hunting, forestry, and fishing industries collectively accounted for 20 percent of the department’s GDP, according to the National Administrative Department of Statistics (DANE). About 61 percent of the department’s population lived in poverty, based on the Multidimensional Poverty Index (IPM) for Arauca, which relied on figures provided by the 2005 General Census in Colombia. A coordinated effort “In these small villages, people’s living conditions were very precarious. The only government presence was in the form of Soldiers passing through the area on a Military mission to control the territory. (The region) was notorious for the deterioration of the buildings and for a lack of roads. Once a request is prepared, authorities enter it into an Army database in Bogotá, where the necessary resources and support are managed by the municipality’s administration, the state government, the Ministry of Agriculture, the Ministry of Transportation, or the corresponding entity. This way, the efforts from different government or non-governmental agencies are brought together to resolve the problems expressed directly by citizens. Some projects help the community without providing a direct economic benefit. For example, the Army built a sports facility for 1,000 students at Pablo VI High School in Cubará at a cost of 600 million pesos (about $206,000). A diagnostic study
7SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr “You don’t build a business. You build people – and then the people build the business.” – Zig ZiglarThe truth in that statement is so profound that I say to myself, “why don’t more business executives understand this?” I have been speaking a lot recently to executives and directors about the importance of developing employees. One of my favorite things to say is that an organization only grows as much as its people are allowed to grow.Sometimes, I get a lot of head nods that indicate to me that at least some in the audience are agreeing with me. Then there are the dissenters that challenge me. Healthy debate, as long as it is respectful and constructive, is never a bad thing. But I must admit that I hear some pretty lame excuses from people that don’t think training or professional development are important. Here are 3:Why should we hire consultants or trainers from the outside when we can do all of the training in-house? Not a terrible question; however, while your inside trainers are more than capable of teaching new hires the benefits of your organization’s specific products and services, they may not be as strong on the soft-skills – leadership, conflict management, project development, sales & service, etc. For stuff like that, you will benefit more from hiring an expert in those areas to come in with an objective point of view and a clean slate. This person will take an unbiased look at what is happening and will try to discover the root cause of the issue. Then, he or she can design a program to address the issue and provide solutions. Trainers from inside the organization may not be able to be unbiased and objective. Or, perhaps, they are part of the problem. continue reading »
10SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Keeping in mind that the opinions I express are mine and mine alone, I believe that the single biggest defect of the current credit union structure is the continued reliance on supervisory committees to ensure that member funds are adequately protected. The reality is that even the smallest credit unions are much more sophisticated than was envisioned a century ago. Without addressing this defect, credit unions are going to be more susceptible to fraud and financial mismanagement than they have to be or should be.What brings about this diatribe? Over the weekend I was catching up on some reading and one of the reports I came across was this recently released working paper from the FDIC in which the authors analyzed potential methods for helping detect fraud based on an analysis of a bank’s balance sheet. They pointed out that such analysis is particularly important since according to their research, approximately 45% of the commercial and mutual banks that failed between 1989 and 2015 were victimized by fraud. I haven’t seen similar research for credit unions but all you have to do is examine the reports of failed credit unions conducted by NCUA’s Office of Inspector General to realize that fraud is undoubtedly a comparable if not larger problem for credit unions. continue reading »
Jun 9, 2006 (CIDRAP News) – Australian officials who coordinated an exercise Jun 7 and 8 on pandemic influenza response among Asia-Pacific nations called the drill a success, according to an Agence France-Presse (AFP) story today.Meanwhile, in Vienna a 2-day international meeting on avian flu that adjourned yesterday called attention to the urgent need for substantial funding and preparedness, especially in Africa, and announced plans for an international meeting in Africa later this year, according to news services.The pandemic exercise included the 21 countries of the Asia-Pacific Economic Cooperation (APEC). It began in New Zealand and ended yesterday with calls to the United States, according to AFP.The test scenario involved a new avian flu strain—dubbed the “Malacca Straits Flu”—sparking a pandemic in the region after several infected fishermen were rescued by a cruise ship, AFP reported. APEC countries then needed to respond to the mock crisis and communicate with each other.”The scenario successfully achieved the goal of testing communication responses during the exercise, which lasted 26 hours across eight time zones,” Australian Foreign Minister Alexander Downer and Attorney-General Philip Ruddock said in a statement, according to AFP. They said the exercise “attracted credible responses.”Neil Head, director of development with Emergency Management Australia, which coordinated the exercise, told AFP he found the level of cooperation among countries encouraging.”The things that make [a pandemic threat] preventable are early detection, close cooperation and information sharing, and the rapid sourcing and the development of appropriate antibodies and medicines,” Head told AFP. “The fact that these [countries] seem willing to do all these things, we would have to say, is a very positive outcome.”Detailed results of the drill will be presented at an APEC leaders conference in November, according to the AFP story.In addition to Australia and New Zealand, APEC countries that played a major role in the drill, according to a Jun 7 Reuters report, were Chile, China, Indonesia, Japan, South Korea, Malaysia, Thailand, and Vietnam.Africa needs more money, conferees sayOfficials at the donors meeting in Vienna this week discussed funding efforts and said Africa now needs $760 million for avian flu preparedness, far more than previously discussed, according to news reports.The Influenza Partners’ Senior Officials Meeting was cosponsored by the United States, the European Union, and China and involved the World Bank, United Nations Food and Agriculture Organization (FAO), World Organization for Animal Health (OIE), and representatives from African countries.The meeting, said US Under Secretary of State for Global Affairs Paula Dobriansky in a Jun 7 Reuters story, was a “strong . . . appeal to those who have not fulfilled their commitments.” Dobriansky, the top US official present, was referring to the $1.9 billion pledged worldwide last January in Beijing to fight avian flu, only $286 million of which has been paid (see link to earlier story below).The donors meeting determined that Africa now needs $760 million, or three times the funding allocated at the Beijing conference, according to the Reuters report, because in January the H5N1 virus had not been detected on the continent. Since February, at least seven African nations have reported outbreaks, with human cases confirmed in Egypt and Djibouti.”In Beijing the cost was calculated only for prevention,” OIE Director-General Bernard Vallat told Reuters during the Vienna conference. “But when a country is infected, the cost is multiplied by at least three or four.””We need money to be moving into Africa in support of countries very quickly indeed,” added David Nabarro, UN senior coordinator for avian and pandemic influenza, in a Bloomberg report today.Amid increased concern about Africa’s plight, meeting officials announced a follow-up meeting to be held on that continent later this year, according to the Bloomberg story. Host city and specific dates are to be determined, but the story said Bamako, Mali, might be the site.In other conference news, the European Commission announced it has pledged $58 million to a new trust fund to help developing countries prepare for a possible avian flu outbreak, according to a Reuters report yesterday. This is separate from money already promised during the January Beijing conference.China, Hungary report poultry outbreaksChina has reported its first avian flu outbreak among poultry since February, AFP reported today. China’s Ministry of Agriculture said the H5N1 outbreak occurred on a farm in China’s northwestern Xinjiang region, but the number of birds killed by the virus was not specified.More than 17,100 poultry were culled to contain the outbreak, and the area has been disinfected, Xinhua reported Friday, quoting Ministry of Agriculture sources, according to AFP.The affected farm is in Hetian County, which is on a flight path for birds migrating between eastern Africa and western Asia, today’s AFP story said.The last reported outbreak in domestic poultry in the country occurred in February in the eastern province of Anhui, AFP reported. The latest incident brings the total of officially reported outbreaks on Chinese farms to 35 since October 2005.Also today, Hungary reported an outbreak of a deadly strain of H5 avian flu in a flock of domestic geese, according to news accounts. “The suspicion is that it is highly pathogenic H5,” Agriculture Ministry Deputy Chief Veterinarian Lajos Bognar told Reuters today.Hungary detected H5N1 in wild swans in February, but it has reported no H5N1 outbreaks in domestic birds.An AFP report today said Hungarian officials have slaughtered all 2,300 geese on the affected farm and were also culling poultry and ducks within 1 km of the site in Bacs-Kiskun, in southern Hungary.Samples have been sent to the European Union’s reference lab in Weybridge, UK, to determine whether the H5N1 strain is the culprit.Also, authorities in Niger have begun culling poultry in the southeastern part of the country to stop H5N1 spread, according to an AFP story today. The slaughter focused on the area of Boko Mai Gao, where avian flu was detected for the first time last week.Last week’s outbreak in Boko Maigao village, 434 miles east of the capital of Niamey and near the Nigerian border, was the first among domestic birds in Niger since February, the AFP report said.Officials said the culling operation would last one day and that bird owners were being compensated on the spot, according to AFP.See also:Jun 5 CIDRAP News story “Global avian flu pledge money slow to arrive
Coordinating Economic Minister Airlangga Hartarto was scheduled to submit a presidential letter (Surpres) notifying the House about the deliberations over the bill, as well as the bill itself, on Tuesday, according to several lawmakers.The minister, however, failed to show up, prolonging the government’s failure to meet its own deadline for submitting the bill. He was then scheduled to submit the bill on Wednesday.Contacted separately, Confederation of Indonesian Trade Unions (KSPI) president Said Iqbal said the newly formed team did not involve the labor groups much; it instead had a tendency to divide them.”We rejected an invitation to join the team unless the team involved more labor groups and was tasked with discussing each of the articles in the omnibus bill before they are submitted to the House,” Said told the Post. “We do not want to only be a legitimation tool.” Secretary to the coordinating economic minister Susiwijono Moegiarso said that businesspeople and labor representatives had agreed to join the team.”We are planning to have a meeting on Thursday to talk about the schedule and work plan,” he told the Post without providing further details.Indonesian Chamber of Commerce and Industry (Kadin) vice chairwoman for international relations Shinta Widjaja Kamdani said the team’s discussions on the bill would be held simultaneously with its deliberations at the House of Representatives.If passed into law, the omnibus bill on job creation is expected to amend more than 1,000 provisions in some 80 prevailing laws, including the Labor Law, which is deemed to have stifled investment. However, labor unions have expressed their opposition to the bill, saying it would undermine labor rights. The government has set up a team comprising government officials, businesspeople and labor representatives tasked with coordinating deliberations and public consultations over an omnibus bill on job creation.According to Coordinating Economic Ministerial Regulation No. 121/2020, a copy of which was obtained by The Jakarta Post on Tuesday, the ministry set up on Feb. 7 a team of 14 labor representatives, 12 business representatives and 19 government officials.”The team is tasked to discuss labor issues on the omnibus bill on job creation,” the regulation reads. “[It will also] consult with the public regarding labor issues.” Topics :
The announcement means businesses deemed safe can reopen, along with some schools, while limits on local travel are also relaxed and gatherings of up to 10 people allowed for events such as weddings or funerals.While restrictions will be loosened slightly, social distancing rules will remain.”I couldn’t feel prouder of the start we have made together but I also feel a huge responsibility to ensure that we do not lose any of the gains we have made either,” she said.New Zealand entered a four-week lockdown in late March, which included closing the island nation’s borders, countrywide stay-at-home orders and shuttering all non-essential businesses and services. The draconian measures made the country one of the most successful in containing the virus, with around 1,100 known cases among the five-million population, including 12 deaths and 974 recovered patients.It had seven confirmed new infections on Monday.Ardern said easing the lockdown would help the economy, which has been paralysed by the virus response as companies close and job losses mount, with forecasts that unemployment could skyrocket to almost 26 percent.The initial lockdown period was due to end on Wednesday night but Ardern said it was extended slightly to help ensure New Zealand would not need to return to Level Four again.”The worst thing we can do for our country is to yo-yo between levels, with all of the uncertainty that this would bring,” she said.Topics : New Zealand will ease a nationwide coronavirus lockdown next week after claiming success in stopping “an uncontrolled explosion” of the disease, Prime Minister Jacinda Ardern said Monday.”We have done what very few countries have been able to do,” Ardern said. “We have stopped a wave of devastation.”She said New Zealand would move its maximum Level Four COVID-19 alert to Level Three from late evening on Monday, April 27, and remain there for two weeks to assess the situation.
Take a look inside.More from newsParks and wildlife the new lust-haves post coronavirus20 hours agoNoosa’s best beachfront penthouse is about to hit the market20 hours ago“Their daughters both play tennis,” she said. “I don’t usually have a lot of buyers actually looking for a home with a tennis court.”The home is one of the original lots of the Forestdale suburb, which has acreage properties near Heathwood and Browns Plains. The suburb has acreage properties in an area that is commutable to Brisbane and the Gold Coast.“There are a lot of young families that are looking for a bit of space,” she said. With a tennis court and a swimming pool on an acre block, 8 Nottingham Court would be ideal for people who enjoy an active lifestyle. The Forestdale home was the biggest sale of the week across the Albert and Logan region, going to a Brisbane family for $787,500.According to selling agent Melissa Verschuur, from All Properties Group, the family were especially interested in the full-size tennis court. Perfect for an active lifestyle.“The previous owners had owned it for about 16 years,” Ms Verschuur said.“They were using it as an investment property and then they decided to sell.”Ms Verschuur said the suburb was popular with people around southeast Queensland who wanted acreage close to Brisbane.
“This problem doesn’t exist in the case of a net annuity plan or if somebody saves for a pension privately.“In addition, under the Treasury’s scheme, the purchase of an annuity at the retirement date is mandatory. However, the interest rates are very low, and could remain low for a long period.“Because employees can only save 10% of their income of more than €100,000 in a DC scheme, a surplus income of €20,000 would generate an annual tax advantage of no more than €24.“This amount will also be reduced by costs of the product that needs to be purchased, ultimately.”He concluded that people who invest their surplus income themselves can achieve better returns, as they can keep saving after the retirement date, nor are they bound by lifecycle arrangements.“This usually generates extra returns of 1.2%,” he said. Burggraaf further noted that pension funds would have to set up separate and extensive administration for net schemes, which would be needed for only a limited number of participants. “Moreover, it is still unclear whether pension funds will be exempt from VAT for their administration costs,” he said.He estimated that approximately 350,000 workers were liable for net pensions saving, but said the market would be no larger than €3.5m. “As far as we know, only a couple of insurers, including Aegon, offer arrangements for net pension saving, probably because of the limited cashflow that is expected,” he said. Mercer has criticised the Dutch Treasury’s scheme for net pension arrangements on salaries of more than €100,000, describing the proposals as unattractive and overly complex. Speaking at a recent Mercer seminar in the Netherlands, Tim Burggraaf, a partner at the consultancy responsible for business development, said: “The rules are unattractive for participants and too complicated to implement for providers.”The Treasury issued the rules for net pensions saving as a means of offsetting Parliament’s earlier decision to cap tax-friendly pensions accrual on a salary of €100,000.“A very negative part of the scheme is that the net saved pension rights expire if a participant has no partner and dies before retirement age,” Burggraaf said.
Walton pumped the brakes slightly, saying Randle’s play against Memphis had more to do than just numbers.“He can continue to get triple doubles, yes. Do I think he’ll get one all the time? No,” Walton said. “A lot has to go right for you. Guys need to make shots. Your own shot needs to go in. The rebounding thing should always be around (double digits). But if he plays with the alertness and focus he did last game, he’s going to fill up the stat sheet on most nights.”Staying focusedA loud commotion erupted, and Walton knew the excitement had nothing to do with how he drew up a play to open the fourth quarter against Memphis.Instead, Walton’s players became excited with Jerald Acoba of Tulare hitting a half-court shot to win $95,000.“I wasn’t paying attention,” Russell said, grinning. “I wasn’t in the game so I was watching the shot.”So were plenty of others, including reserve guard Marcelo Huertas who predicted Acoba would make the shot. As for Walton, he took the incident in stride. He admitted he rarely found it exciting watching former Lakers coach Phil Jackson drawing up a play.“When it was for me,” Walton said. “I was very excited.”Walton conceded that rarely happened.“A lot of times when he would call a play for me,” Walton said, “Kobe (Bryant) would just tell me to run the guard spot and he would take my spot.”Injury updateLakers forward Luol Deng missed Wednesday’s practice because of right biceps tendinitis. Although the Lakers listed Deng as questionable for Thursday’s game in Portland, Walton sounded optimistic Deng will play. EL SEGUNDO >> Every time that the Lakers’ Nick Young and D’Angelo Russell nailed a 3-pointer, it seemed as if the Lakers’ starting backcourt shed off the last remaining layers of rust.After Russell and Young combined for 38 points while shooting 12 of 20 from 3-point range in Tuesday’s win over Memphis, Lakers coach Luke Walton believed that marked “the best they played together” after missing a combined 20 games because of overlapping injuries.“When you have an injury of some sorts, you’re not allowed to be on the court,” Russell said. “You have to work in the weight room and do other things. So getting in the gym helped me knock off the rust.”The Lakers (13-25) enter Thursday’s game against the Portland Trail Blazers (15-21) at Moda Center with Young and Russell becoming the first teammates in Lakers history to make at least six 3-pointers in consecutive games. “It takes time to find that rhythm. I’ve been finding it. I just got to continue to do it,” Young said. “When we got back, we were trying to rush in and be the man and got back to individual scoring. Now I think we’re sharing the ball now.”Making historyRegardless of how his NBA career turns out, Lakers forward Julius Randle will have his uniform enshrined in the Naismith Memorial Basketball Hall of Fame. With Randle’s third career triple-double marking the first against Memphis in an NBA-record by giving Randle’s game-day jersey and shorts.“He’s going to rack up way more than that in years to come,” Russell said. “We know that he’s capable of doing that at a high level almost every night. It’s just up to him.” Newsroom GuidelinesNews TipsContact UsReport an Error