All Forum Posts by: David Oldenburg

David Oldenburg and Nick Sharp are taking the stage and kicking off 2018, with "6-Figure Flippers"!  Watch our promo video 6-Figure Flippers ... We are an 1,100 member real estate investing group, and we are FREE to attend!  For 2018, we are focusing on our most requested theme, "Real People Doing Real Deals!"  We get more people asking, "How can I find more deals?" , "How can I get financing or partners with no money of my own?", "How can I learn about flipping, wholesaling, and wholetailing?" , "How can I meet hundreds of other investors, build a team, and build my wealth?"  Yes, we talk about all these things at our meetings and there are always over 100 people in a filled room.  Everyone is welcome and everyone has fun and a good time.  This is NOT a boring real estate investing meeting.  Bring a friend and come on out!  There is also a bar and a restaurant, so get there early, get a good seat, and have fun!  Bring business cards and be sure to get on our Member Directory if you want people to contact you for business!  Again, it's FREE and we pitch no products! 

There really is no need to advertise or solicit investors.  If you go to real estate investor meetings and just simply network and tell people what you are doing, they will offer and want to partner, loan money, etc... If it sounds interesting. I run a big group and people constantly ask me if they can loan me money, partner w me, or be involved in what I'm doing.  I see this with other investors as well.

@Tae Seung Kim  I know it's been a while since you posted this, but I wanted to respond to help anyone in CA reading this thread.  I always use the California Association of Realtors (CAR) purchase agreement for all my deals.  I am also a licensed broker, so I realize not everyone has access to these forms.   Yes, this form does not allow for assignability, but I have yet to meet a seller who will refuse to sell to someone else with the exact same terms they have already agree to...your mileage may vary!

The standard inspection contingency is 17 days, meaning that you can back out for almost any reason, with no liability and get your deposit back.  However, if you remove contingencies in writing (they must be removed in writing in CA), you are typically only liable to lose the actual amount of the deposit.  I have been doing this 27 years, and I have seen hundreds of people back out of contracts, and so far (knock on wood) no one has ever lost their deposit who backed out before contingency removal, and no one has ever lost more than their deposit for backing out later.  I am sure there is a RE attorney who would have an exception, but that is my experience.  

Good luck to everyone :-)

I was unable to put this video in the actual event, so I hope this helps for those who are interested in this event!  Just click here to watch... 1 Minute Youtube Video About Event

I have to agree to disagree with anyone who would rather buy and hold than flip!  Yes, flipping is more work and wholesaling is more work, but the rates of return are incredible.  I consult with 25+ real estate investors every month, and most of them are making a near zero return on their rentals, when you factor in repairs, vacancy, payments, etc... Yes, there is appreciation over time ( not always and sometimes you actually lose equity!) , but I can make in 45 days the same amount they make over years.  I built my wealth, not with buy and hold, but with large profit, short-term, deals, and I have done far better than almost any buy and hold person I know.  I am not suggesting that no one do buy and hold, but the question was about the high-cost market in SD.  SD is a great market to flip, and I have met flippers in that area who are making a lot of money.  You may not agree, but I will never own another rental.  I survived the huge crash in RE that started here in CA in 2005 and went for several years.  I had no rentals and lost zero equity.  I watched as hundreds of buy and hold people lost everything and got wiped out.  Investors like me actually made money during the big RE downturn. Go out and buy rentals, but understand there is another side to this story!

At $1000 per month you are paying 10% interest to buy a primary plus taxes and insurance etc... That's not a great deal with current rates in the 4's.

Not sure how much money you have, but I would flip, wholesale, and wholetail. San Diego is a great location for flipping and the returns are much higher than buy and hold. I used to have rentals will never again! Even with appreciation there are no buy and hold people who can match the return on flipping.

@Account Closed  Hi, I got a message from Thanh, and she said she is coming to the May 2nd meeting! 

@Paul Hitchings  It's going to be a big crowd and a great night!  We average about 120 members at our regular meetings and this is a bigger event :-) I have people coming from So Cal, Oregon, and Nevada!

This Is Our Biggest & Best Event Ever!

RosevilleMeetup.com If you are a real estate investor, flipper, wholesaler, or wanna be, you MUST attend this event! Our members do more deals, make more money, and have more fun than anyone! We are celebrating 1,000 members and making it a fun evening for everyone! A night of free Mexican food, gift card giveaways, and the best real estate networking anywhere! Hear David Oldenburg give his "The Power Is In The People" short presentation, with most of the evening dedicated to having fun and networking! Tuesday, May 2nd 630PM Whitney Oaks Golf Club... Get There Early!

I am personally giving away a few signed and FREE copies of "Be Obsessed Or Be Average" If you only come to one event all year, this is the one! Free Mexican food catered by Whitney Oaks to celebrate the week of Cinco De Mayo! Home Depot Gift Card Giveaways and many more. Dress in jeans, a suit, or whatever you want, have a drink in the bar, relax, and have an awesome evening with some of the best real estate people in Northern California.

About Our Group...

Our members are making millions, and with good reason! We are Fun, Free, and Fantastic! You really can make a ton of money, live a great life, and have everything you want. We have members flipping and wholesaling who make 6-Figures a month, and we have other members who are just starting out. No matter where you are right now, we can take you to the next level, and get you where you want to be! Learn and meet others in a fun and motivational environment. The networking is seriously like you have never seen it at any real estate event! So, come on out, it's FREE, and we always have 100+ people.

Never MIss A Meeting...

Never miss a meeting! (Get a text message alert 24 hours before this meeting... join our text message alerts by texting "addme" to 916-532-9398 and leave out the quotations!)

Need Help Finding Investments...

We also feature an "Investment Opportunity" section with Kelly Krezek, where we show wholesale properties that can be flipped for profit. We have members wholesaling and flipping deals all the time, and making lots of money doing it!

Introduce Yourself To The Group...

New to the group and want to meet everyone at one time? Susan Romanishin covers our "Meet People In Minutes!" section of each meeting! Give your 1-minute elevator speech and jump-start your networking and real estate business! Reach out to Susan directly if you would like to be included in a future meeting.

Do Not Miss Our Incredible, "1,000 member Networking Party!" Tuesday, May 2nd at 630PM at Whitney Oaks Golf Club 2305 Clubhouse Dr. in Rocklin. Get there early and bring a friend.. there is a bar for drinks and ability to network early as well :-)

David Oldenburg

Kelly Krezek

Susan Romanishin