All Forum Posts by: Jake Kain

**NEW VENUE** We are very excited to announce our move to a new venue! We will be meeting at Clancy's Pub in the Jack Room. There will be food and drinks available for purchase (at your own expense). PLEASE RSVP!

Each month we bring in a guest to share their experience as it relates to financial education and/or real estate investing. This meetup will offer actionable items you can start implementing to reach your financial goals. We top it off with a book give away related to this month's theme and a ton of opportunity to network with others that are on their way to financial independence! We welcome members of all experience levels.

This month we will be doing a deal deep dive with our guest Scott Swink. Scott is a local real estate investor and frequent FREEdM attendee. We are excited to dive deep on one of Scott's deals as well as hear about how he got started and what he's been up to recently in real estate.

This month's agenda:

1. Topic of the month: Real Estate Deal Deep Dive

2. Seeds for Growth: Analyzing Spreadsheet

3. Book giveaway: Real Estate by the Numbers by J Scott & Dave Meyer

4. Open Networking

We have reserved the Jack Room at Clancy's Pub for this event. Food and drink are available at your own expense. This space has limited seating and we want to ensure we have enough space for all guests! Please RSVP and reserve your free ticket through the Eventbrite link provided.

REGISTER FOR FREE

This month we will break away from our standard meetup agenda and focus on networking! We will start with a brief introduction and welcome from our hosts, followed by an icebreaker activity to help everyone get to know each other. We encourage everyone to bring business cards and/or other materials/contact information to connect with others. All levels of experience are welcome. Join us for our FREEdM Mixer!

We have reserved the upstairs portion of Boulders on Broadway for this event. Food and drink are available at your own expense. This space has limited seating and we want to ensure we have enough space for all guests! Please RSVP and reserve your free ticket through the Eventbrite link provided.

REGISTER FOR FREE HERE

This month we will break away from our standard meetup agenda and focus on networking! We will start with a brief introduction and welcome from our hosts, followed by an icebreaker activity to help everyone get to know each other. We encourage everyone to bring business cards and/or other materials/contact information to connect with others. All levels of experience are welcome. Join us for our FREEdM Mixer!

We have reserved the upstairs portion of Boulders on Broadway for this event. Food and drink are available at your own expense. This space has limited seating and we want to ensure we have enough space for all guests! Please RSVP and reserve your free ticket through the Eventbrite link provided.

REGISTER FOR FREE

Looking forward to seeing everyone on Thursday! Please remember to register if you have not already.

https://www.eventbrite.com/e/f...

Each month we bring in a guest to share their experience as it relates to financial education and/or real estate investing. This meetup will offer actionable items you can start implementing to reach your financial goals. We top it off with a book give away related to this month's theme and a ton of opportunity to network with others that are on their way to financial independence! We welcome members of all experience levels.

This month, Jake & Jason will uncover the dark side of investing and entrepreneurship. Often times, we are exposed to the highlight reels through social media & TV shows. Not often do people share the ups and downs, the failures, mental battles, adversity, self doubt, and everything in between. We want to unpack all of it, so you know exactly what you're getting into and even more, know that you are not alone when facing these challenges!

This month's agenda:

1. Topic of the month: The dark side of investing and entrepreneurship

2. Seeds for Growth: Stay mentally healthy

3. Fuel for FIRE: Mindset and Motivation

4. Book giveaway: Outwitting the Devil by Napoleon Hill

5. Open Networking

We have reserved the upstairs portion of Boulders on Broadway for this event. Food and drink are available at your own expense. This space has limited seating and we want to ensure we have enough space for all guests! Please RSVP and reserve your free ticket through the Eventbrite link provided.

https://www.eventbrite.com/e/5...

Quote from @Hannah Joy:

Quote from @Jake Kain:

We purchased a property in pre-foreclosure in May 2022. Seller fell behind on payments and simultaneously was in a bad living situation and left the house and state abruptly. The house was vandalized, all utilities shut off, etc. We tried multiple angles to find the best solution for the Seller which ended up being us buying it as-is. Seller avoided the foreclosure, was able to get about $15,000 in cash and we helped coordinate shipping all of the belongings out of state back to the Seller.

We were able to get the property cleaned, rehabbed and back on the market very quickly and closed on the sale in July. Our rehab was under budget (HOW?!?!) and our sale price was about 20k higher than our ARV (yay Sellers market). Purchased the property for $205k (using hard money) and sold for $320k. We made approx $80k in profit on that flip.

 Right on Jake, thanks! That is super cool that you helped get them their belongings back! When in your real estate career did you start finding hard money accessible? 

This was the first time I had used hard money. It really doesn't matter how much experience you have, since they vet the deal more than you as an individual. Your experience level certainly does help (esp on the rate) but more importantly is understanding how the entire process works. I am a Realtor and used to traditional transactions and traditional forms of lending. So trying to figure out the process was the only challenge. It wasn't necessarily as simple as "go get hard money".

Come check out our very first Cashflow game day! We will be meeting upstairs at Boulders on Broadway. Everyone is welcome!
-New Players
-Experienced Players
-Spectators

*Please bring a board if you own one*

Each attendee will be responsible for their own food and drink bill. Regular menu items will be available.

Cashflow is a financial education board game designed to teach players about money management and investing. On game day, players take on the roles of entrepreneurs, investors, and employees as they navigate the ups and downs of financial markets and attempt to build wealth. The objective is to accumulate assets, increase income streams, and ultimately reach financial freedom by breaking free from the rat race. Players must make strategic decisions, invest in opportunities, and overcome financial challenges to reach their goals. The game is played over several rounds, with each player keeping track of their cash flow and assets, and making transactions with other players. Cashflow is a fun and engaging way to learn and build confidence in personal finance and investment strategies. A game day typically lasts 2-3 hours.

We purchased a property in pre-foreclosure in May 2022. Seller fell behind on payments and simultaneously was in a bad living situation and left the house and state abruptly. The house was vandalized, all utilities shut off, etc. We tried multiple angles to find the best solution for the Seller which ended up being us buying it as-is. Seller avoided the foreclosure, was able to get about $15,000 in cash and we helped coordinate shipping all of the belongings out of state back to the Seller.

We were able to get the property cleaned, rehabbed and back on the market very quickly and closed on the sale in July. Our rehab was under budget (HOW?!?!) and our sale price was about 20k higher than our ARV (yay Sellers market). Purchased the property for $205k (using hard money) and sold for $320k. We made approx $80k in profit on that flip.

Each month we bring in a guest to share their experience as it relates to financial education and/or real estate investing. This meetup will offer actionable items you can start implementing to reach your financial goals. We top it off with a book give away related to this month's theme and a ton of opportunity to network with others that are on their way to financial independence! We welcome members of all experience levels.

This month Jake & Jason will sit down with Travis Shelton and Josh Click to discuss all things related to taxes! From horror stories to savvy tax tips, we will cover it all during our panel style discussion. Please bring all of your tax season questions!

This month's agenda:

1. Topic of the month: Tax discussion Q&A with panel guests Jake Kain, Jason Gilmore, Travis Shelton & Josh Click

2. Seeds for Growth: Tax deductions handout

3. Fuel for FIRE: Mindset and Motivation

4. Book giveaway: The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han

5. Open Networking

We have reserved the upstairs portion of Boulders on Broadway for this event. Food and drink are available at your own expense. This space has limited seating and we want to ensure we have enough space for all guests! Please RSVP and reserve your free ticket through the Eventbrite link provided.

FREEdM Registration Link

This month we will break away from our standard meetup agenda and focus on networking! We will still be doing Seeds for Growth, Fuel for Fire and our book giveaway segments. All levels of experience are welcome. Join us for our FREEdM Mixer!

https://www.eventbrite.com/e/440399756527

Please RSVP and reserve your free ticket through the Eventbrite link provided. We have reserved the Barrel Room for this private event. This space has limited seating and we want to ensure we have enough space for all guests!