All Forum Posts by: Jacci Konkle

An Attorney, a CPA and an Insurance Agent walk into an Investor Meeting...

The meeting of the year!!! Only a fool would miss this one if you do anything in real estate at all. The best of the best will be on our expert panel to answer the most important questions.

Tuesday, June 15, 2021
6:30 PM - 8:30 PM
DoubleTree by Hilton Appleton, 150 Nicolet Road Appleton, Wisconsin
Please register at AppletonREIA.com. Members are free to attend event! Guest of a member and non-members pre-register for $20 per person.



GO TO: APPLETONREIA.com for all the details!
We are bringing in one the Valley's best and brightest, in-demand Attorneys around! We are also hosting a top, investor-friendly CPA as well as our very own insurance guy, Jason Stendalen, with C4 Insurance! Seriously, it can't be any better than this!! Not only are they excellent in their chosen fields, but between them, they also have millions of dollars of their own real estate investments as well.

This is the information you NEED, and we are bringing it to you! We will hit all the hot topics like:

• Entity Selection in Different Situations....to LLC or not to LLC...THAT is the question!!!
• Proper Asset Protection
• Tax Strategies
• Exit Plans
• And all of your burning questions for these top experts

Do NOT miss this meeting, and be sure to bring your friends to get it first hand as well. When else do you get a chance for deep Q&A with highly paid experts like this in a room full of other investors asking your questions with you for so little cost??

Come Early. Stay Afterwards. Network, Learn, Grow, and have FUN!!
See You There!

LIVE In-Person Appleton REIA Event & our new Location!
DoubleTree by Hilton Appleton
Day of Event - Doors open at 6pm - Come Early and Network!
Please register at AppletonREIA.com. Members are free to attend event! Guest of a member and non-members pre-register for $20 per person.




Go today to check out our partner for a FREE e-book, FREE App, Amazing Podcasts, live and virtual Events and MORE at **********A.com


About Appleton REIA - AppletonREIA.com

Whether starting out in real estate investing or working on your hundredth deal, Appleton REIA will help you learn more, earn more, and have fun doing it! The Appleton REIA is about NETWORKING and Education and is a chapter of the National organization which offers lots of great discounts and benefits! Come associate with others who share these same principals and the desire to succeed in real estate and LIFE!  Check out all the details at AppletonREIA.com and register online to attend.


#realestate #realtor #rehabbers #wholesaler #houseflippers #landlord #propertymanager #propertymanagement #investors #realestateinvestor #realestateinvestment #Appleton #FoxCities #Wisconsin #realty #foreclosure #home #house #contractor #contractors #FoxValley #AppletonREIA #FoxValley #2021 #CPA #insurance #attorney #law #accounting #investments #finance #smallbusiness #entrepreneur #investing

CLICK HERE TO REGISTER

FREE APPLETON REIA EVENT - Connect with us May 6th at the Watermark Lounge!

Network with friends from across the country who will be available for you to pick their brains Thursday night!! No charge. This is a goodwill offering of a chance to peek into what life could look like on the same journey as they've taken.

Thursday, May 6, 2021 6:30pm-8:30pm | DoubleTree by Hilton Appleton, 150 Nicolet Road, Appleton, WI 54914
CLICK HERE TO REGISTER
Here's your chance! Join us for a leisurely night of networking in the Watermark Restaurant Lounge at the DoubleTree in Appleton. You might have heard all about the Appleton REIA mission to share Lifeonaire and their principles with our community. If you haven't heard yet, you will...LOL. Many of you have received and read the book. You can also get information, join the community APP, and download the free e-book at **********A.com There's LOTS of information and free resources on that site! We will always have hard copies of the book available for those who want them as well. We have several people who have been on their own Lifeonaire journey for at least a year coming in from across the country on Thursday and are looking forward to sharing whatever you want to know about it! All of them are also real estate investors in at least one aspect of real estate from flipping houses to lease options to AirBNB to rentals and storage units....LOTS of wisdom and knowledge in this bunch! The key is HOW they run their businesses and how it supports their life and their vision for life! We want you to be able to access this gold, network, ask questions, and grow your own vision for how you want YOUR life to look and how the Lifeonaire principles can help you get there using real estate (or whatever you choose) as a tool instead of the thing that just takes up all your time and resources.Here at Appleton REIA, we want you to make more money AND live life more abundantly!!! THAT is the key :-)

You can see the Founder and Author, Steve Cook, share his overview by going to this 6 minute Vimeo video link: What is Lifeonaire?
and get a little deeper on this 5 minute Vimeo video link: What Makes Lifeonaire Different?

These videos do a very good job of sharing why we here at Appleton REIA are so excited to incorporate these topics and techniques for YOU this year and help everyone move towards what they REALLY want! We are so very excited for you to join us on this journey, and we can't wait to see you, your families and your businesses grow exponentially!

Bring a friend, neighbor, spouse, or business partner...there is no charge for anyone! We look forward to getting to network and share information, stories and resources with all of you in the lounge on Thursday night.

GO TO: AppletonREIA.com to Register Now!  Thank You!

CHECK OUT ALL APPLETON REIA EVENTS AT:  AppletonREIA.com

LEARN MORE...CHECK OUT ALL APPLETON REIA PODCASTS ON YOUTUBE OR AT APPLETONREIA.COM: https://www.youtube.com/channe...

For all the details and to register: https://www.appletonreia.com/E...

Accelerate Debt Payoff | Increase Wealth | Better Than BRRRR with... Chad Van Handel

What could be better than Brrrr??? If you don't even know what Brrrr is then you definitely need to get here! If you do, and you've used it, then this will blow your mind!

Tuesday, April 20, 2021 6:30 PM - 8:30 PM - DoubleTree by Hilton Appleton, 150 Nicolet Road, Appleton, WI

Appleton REIA is proud to present some local investors along with Chad Van Handel from Unison Credit Union to share a groundbreaking way to blast through debt using your properties while opening up opportunities to grow your wealth! Even if you don't own any property except your own home, this is something you can use.

You will want to be sharp and ready to take notes on this one!!

The time for Velocity Banking is NOW. We really can't wait to share it with you!!

LIVE In-Person Appleton REIA Event & new Location! DoubleTree by Hilton Appleton - "Menasha Room" Day of Event - Doors open at 6pm - Come Early and Network! For all the details and to register: https://www.appletonreia.com/E... AREIA Member: Free To Attend Non-Member: $20.00 per person (If you have never attended an Appleton REIA event, first monthly event is FREE). Go To: AppletonREIA.com to print out a guest pass.

Appleton REIA - Live Event! Go To AppletonREIA.com for all the details!

Mold Inspection Certification Training with... Pete Youngs

How To Get 25% Discounts On REO's! National Speaker, Pete Youngs, A.K.A. Mr. Rehab, has become the hottest speaker on rehab in the country today.

Topics Covered In The Course

1. Understanding Mold: What is Mold?
2. Mold Growth- How Does Mold Grow?
3. Effect Of Mold Growth in Built Environment
4. Common Airborne Fungal Spores
5. Investigating And Recognizing Mold Growth
6. Effective Mold Sampling Strategies
7. How To Interpret Laboratory Reports
8. Mold Control and Remediation Guidelines

Who Might Benefit From This Mold Training Course?

• An industrial hygienist
• An environmental consultant dealing with indoor mold
• A home Inspector
• A general contractor
• A cleaning and restoration contractor
• A property manager
• An insurance, financial, or legal professional who deals with mold issues
• A person interested in increasing your knowledge or developing your decision-making skills related to indoor mold
• Real estate investors, realtors, brokers, wholesalers, anyone who buys vacant REO'S

THIS EPA BASED COURSE GIVES YOU A CERTIFICATE TO OBTAIN SAMPLES OF MOLDS, ALLERGENS, BACTERIAS, METH, OTHER DRUGS, ASBESTOS ALL IN ONE TEST THAT YOU SEND TO A LAB FOR RESULTS (UNDER $40 MOSTLY) AND YOU HAVE NO LIABILTY FOR RESULTS. THE AVERAGE DISCOUNT PER PROPERTY IS 25 TO 40% OFF !!!

MY COURSE WITH CERTIFICATE IS $297 OR INCLUDED IN MY SWAT REHABBING PROPERTIES FOR 50% OFF COURSE SIMILAR MOLD COURSES ARE $595 TO OVER $1000

DAY OF EVENT - DOORS OPEN AT 8:30am - DoubleTree by Hilton Appleton - "Kimberly Room"

Go To: AppletonREIA.com for all the details

    GET ALL THE DETAILS NOW...   CLICK HERE TO GO TO AppletonREIA.com

• LIVE In-Person Appleton REIA Event & NEW Location!
  
• March 16, 2021 6:30pm 
  
• Day of Event - Doors open at 6pm - Come Early and Network!
  DoubleTree by Hilton Appleton - "Menasha Room"
  

NON-MEMBER is $20.00 per person

If you find a good deal, you'll easily find buyers! The hardest part of wholesaling is finding a good deal. Join the Milwaukee REIA and bring your deals to the meetings to present during the "haves and wants" section of the meeting. Go early and stay late to network with all the local investors. www.MilwaukeeREIA.com 

Yes, I like the idea of setting up the REIT, etc but I just don't think it's worth the hassle unless you're going to have lots of investors and lots of properties. Doing a separate agreement for each property will make more sense. Just make sure you know the limits of the lender and at what ownership point they will require the other parties to guarantee the loan. Most are 25%, but it can change if you are getting some portfolio loans. By the way, I recommend finding a small local bank who can lend in-house and get you a portfolio loan. They can be more flexible, can consider the income from the property into your DTI, and generally just meet across the table with 4-6 people on the board to decide if they will lend to you or not. They look at more than a FICO and a DTI and give you the opportunity to tell your story and create a relationship!

Good luck and Happy investing!

When bank loans are involved, it gets pretty muddy. Anyone who owns 25% or more needs to also sign the loan as a guarantor. If you keep it under that, they likely would not have to sign, but you'll need to check with the lender. Then, you simply form an LLC for the property and put all the payout details into the operating agreement. Remember to also put something in there for how one can buy the other out down the road. It's MUCH easier if you do not need to use a bank lender at all. Then, you do not even need to own it together....just have them be the lender, agree on an APR to pay them, create a note that explains the terms and payback, and record a mortgage in first position as them as the bank. You might be able to do it the same way if using a bank, but they family member would have to be in second position and the bank might not let you have a second lender...you just have to ask. The key part is that everything is in writing and spelled out completely! If you want to pool money, be careful as it is illegal. The way around it is to use a PPM and set something up under Regulation D of the IRS code, but it's super expensive and you need a quailified attorney to set it up.

I do a TON of this!  When you say the loan will be in your names, do you mean they are only investing the down payment and then you will all be getting a mortgage together for the rest?  Or did you mean they will be putting in the entire purchase amount?  The answer to that question will make a HUGE difference in how you'd go about this!

I agree with 100% of what @Scott Schultz said! The invesment properties are overpriced and difficult to cash flow. Newbies are misled and overpaying, and people are stripping their properties of all their equity because of inflated appraisals allowing them to BRRRR out with no skin in the deal. When the market comes down, they will be upside down and struggle to stay in business. I'm worried for the ghosts of 2008 to reappear in some of these investors' future. The best deals out there are the off market ones that you find on your own through your own marketing campaigns or from legit wholesalers.

My 2 cents.