Getting the Money for your Deals! - Thursday Sept 1 at 6pm - Bremerton, WA
You’ve found a great deal, all the numbers make sense but you don’t have the cash to close it. What do you do? Never fear, because at the next REAPS Kitsap investor meeting where we’ll show you how to fund your real estate deals with other people’s money! The truth is you don’t need any of your own money to buy real estate, there are other people out there that want to fund your deals! You’ll learn about the traditional, hard money and private money sides of the funding game! This is definitely a meeting that you don’t want to miss!
Attendance is free for REAPS members and first-time guests (just use coupon code "guest" when you pre-register) Go to http://www.memberize.com/ClubPortal/EventDisplayNe... to reserve your seat.
We're meeting at the Kitsap Conference Center in downtown Bremerton, right next to the ferry terminal. If you're coming from Seattle, you can walk on the 4:20pm or 5:35pm boat. Doors open for networking at 6pm, meeting starts approx 6:35pm.
Sitting on our getting the money panel are:
Bob Malecki - Managing Director - Resolution Capital Management
Bob Malecki is a professional real estate investor located in Kingston Washington, 30 miles northwest of Seattle. Since 2006, Bob has been involved with the acquisition and management of both single and family properties in key markets in the U.S. Bob specializes in the repositioning of distressed mortgage debt for both equity and cash flow has been involved with the acquisition and management of both distressed debt and single family rental properties in key markets in the U.S. Through his various operating LLCs, Bob has raised over $11M to build a substantial portfolio of residential notes & rental properties in North Carolina, Tennessee, Oklahoma, Texas and the Seattle metro area.
He has fund management experience via the creation and management of a prior private equity fund, REI Capital LLC, which invests in distressed real estate assets in western Washington state. As founding member of Resolution Capital Management LLC he works with investors who are looking for a good return on their idle funds or someone who may want the benefits of real estate investing and risk diversity without the time or means to directly manage a property investment.
In addition to his real estate background, Bob has a B.F. A. in from Ohio University and has been involved with commercial advertising and marketing since 1980. Bob has owned and operated Interactive Villages LLC, an online application integration and development consulting firm, since 1998.
Fred Rea - Founder/Manager of Rain City Capital
Between November 2003 though March 2006, Fred assisted in the closing of conventional investor loans as an employee of Cobalt Mortgage, the largest privately held mortgage banker in the state of Washington. In April 2006, he was retained by the owners of Cobalt Mortgage to start, manage, and originate hard money loans for Stone Capital Funding, LLC. From April 2006 through September 2008, Stone Capital closed a large number of distressed real estate purchases with Fred as its only loan originator. Fred also managed the operations, auction process, as well as the portfolio to ensure all loans paid off at date of maturity. Fred was born and raised in the Seattle area and is a diehard Seahawks fan. He lives in Bothell with his wife and two children.
Mike Sumsky
Mike Sumsky is the REAPS Kitsap MC, and full-time real estate investor. He will be moderating the discussion and will also share the insights that he’s learned over the years to raise millions of dollars of private money.
