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All Forum Posts by: Omni Casey

Omni Casey has started 157 posts and replied 271 times.

Post: The Cash-Flow Breakfast Club for Virginia BiggerPockets investors

Omni Casey
Pro Member
Posted
  • Investor
  • Posts 272
  • Votes 172


Only 14 spots left.  Click Here to RSVP
Welcome to the Cash-Flow Breakfast Club!

An amazing Community of Mentors, Coaches & Masterminds

A place to Gather Knowledge, Get Experience, Gain Confidence, Grow your Mindset and Grow your investing Team!

Every successful investor, agent or business owner can only reach their full potential if they have amazing Mentors, Coaches and Masterminds! We have such an amazing community with 200+ investors who regularly attend. Join us for coaching, mentoring, business changing masterminds, beginner, intermediate and high level real estate investor education and game changing networking.

Brand New Topics!

House Hacking in Northern VA! Private Money Lending VS Hard Money Lending, Case Studies, Power Networking, Small group masterminds, guest presenters and more!

Very limited seating. Only 14 spots left. Make sure to RSVP today to reserve your spot. In-person only  

RSVP here https://the.cashflowbreakfastc...

Thurs, Sept 29, 2022 at 5:30pm-9pm

at 20135 Lakeview Center Plaza Suite 100, Ashburn VA 20147

Post: The Cash-Flow Breakfast Club for Oahu Bigger Pockets investors

Omni Casey
Pro Member
Posted
  • Investor
  • Posts 272
  • Votes 172

Join us this Friday 9/9 at 6pm for a free packed REI education event, networking event and mastermind. Every minute will be packed with value. Attendees always say that this is the best REI meet up and education event they have every attended hands down. You don't want to miss the kick off event in Hawaii. Meet local real estate investors, flippers, cash-flow investors, syndicators, private money lenders, hard money lenders, investor friendly agents etc, experienced investors and brand new (or hopeful investors) as well. Great place to build your network for your next deal. Prize and book giveaways and book signing available for The Cash-Flow Breakfast Club book. Only 9 spots left! Who's going? Limited seating available. Make sure to RSVP via the link below today. It will be at the Courtyard Marriott Oahu North Shore.

https://the.cashflowbreakfastc...

Post: The Cash-Flow Breakfast Club - Northern VA REI education/meetup

Omni Casey
Pro Member
Posted
  • Investor
  • Posts 272
  • Votes 172

Our next real estate investor education event and meet up is scheduled for Wednesday, July 20th 5-9pm at our office in Ashburn VA. We have a max capacity of 108 attendees and we only have 4 spot left! Register below ASAP if you want to reserve one of the final spots. https://the.cashflowbreakfastclub.com/July2022


https://the.cashflowbreakfastc...

Post: Northern Virginia Real Estate investor education and meet up

Omni Casey
Pro Member
Posted
  • Investor
  • Posts 272
  • Votes 172

Last week we had an investor event and we booked up to the 95 person capacity with a lot of people on the waiting list who could not get in and we just decided to add a make up session for those who could not attend. If you couldn't attend last week, or if you have any friends or family that could not make it last week, you are welcome to join us on Monday Feb 21 at 4pm for the make up session.  Join 90+ other local investors, private money lenders, hard money lenders, contractor, agents, wholesalers and just about anyone else that you might need to know to help you get you next deal!

We have very limited seating, so make sure to RSVP today to reserve your spot via this link https://love.loudoun.realestate/REI-104

It is In-person only on Mon, Feb 21, 2022 at 4pm

at 20135 Lakeview Center Plaza Suite 100, Ashburn VA 20147

​Topics: Multifamily and commercial investing, Asset Protection and LLC structures, Cap rate 101, House Hacking, Pro tips to invest when you live in an expensive area and much more!

If you can attend please register via this link ​https://love.loudoun.realestate/REI-104



How many people will be there? Although everyone is welcome (with an RSVP), If you are concerned about being in a large group, this event is likely not for you. We will provide space for social distancing but we will definitely be at capacity. Here are photos from our last event to give you an idea of what to expect. We hope to see you there. More details and registration form below.

Post: Northern Virginia DMV REI Meetup/Education event on Feb 9th 2022

Omni Casey
Pro Member
Posted
  • Investor
  • Posts 272
  • Votes 172

Session 104 is now scheduled! FREE education event and meetup.

Very limited seating. Make sure to RSVP today to reserve your spot. In-person only

Wednesday, Feb 9, 2022 at 5:45pm

at 20135 Lakeview Center Plaza Suite 100, Ashburn VA 20147

RSVP via this link https://love.loudoun.realestat...

Weichert Realtors in Collaboration with New Leaf Redevelopers, Proudly presents a 4-Part Real Estate Investor Series that will take you through all the major opportunities, obstacles and strategies in the investment process. We will be covering the 60 most important investor related topics in this 4-part series. Our instructors will be taking many years of experience and successful transactional knowledge and condensing them down into 2 hour sessions. At the end of these sessions you should be ready to further your real estate investor plans! In the first 6 months of 2021, we have helped over 30 past students take their first step and buy their first investment property! These session are 100% free. There are no follow up paid versions of this. We just want to build an amazing community of amazing investors here locally. Here are some of the topics that we will cover in this series.

-The 5 main types of Real Estate Investing

-The Evolution of the Real Estate Investor

-How to Analyze a deal & Fix & Flip math

-How to Analyze a Cashflow deal

-How to Estimate Renovations: Analyze cost

-Reducing risk & Liability

-Fix n Flip vs paper flips

-Buying real estate with your retirement funds

-Hottest Zip codes for Flipping

-Best areas for cashflow

-Economics, Inflation and how that affects real estate investing

-Buying Real Estate as a consumer vs Buying Real Estate as an investor

-Why REI? Do I want to be an investor? Or do I want to own investment? Do I want to make Real Estate Investing my day job as well? What's the difference?

-You do not need to be passionate about real estate to be a successful real estate investor. But you need this important thing!

-Everyone needs two professions. One for you, and one for your money

-Identifying the deal

-The Process and the Math

-The 1% Rule, the 1.25% Rule

-Cash Flow Properties vs Equity Investments

-Rules of Thumb

-The Cashflow Quadrant

-Cash purchase vs financed purchase

-Infinite ROI

-Multi-family and commercial real estate investing

-Syndications

-Importance of understanding Defense vs Offense in real estate investing

-Earning Money vs Creating Money

-Why no one should ever own one or two rental properties

-Why most investors are Accidental Investors

-Investment Snowball

-BRRRR

-Being a Landlord

-Asset Protection

-Where to find money: How to fund your deals

-Financing, Creative financing

-How to buy and hold the key to wealth

-How to build your real estate investing dream team

-How to negotiate the deal.

-How to find motivated sellers that need your help

-ROI vs ROE

-Good Debt vs Bad Debt

-Cash Purchase vs Financed Purchase

-Corporate Structures for investing

-Becoming the bank

-The power of understanding actual worst-case scenarios

-Key REI Terms

-PML vs HML vs Gap

-Real Estate Investor Must Read Books

-Investor Pro Strategies: Multiple offer strategies, portfolio purchase strategies

-Order of Priorities for Investments

-House Hacking

-The 10 Key members of your investor dream team

-How to invest when you live in an expensive area

-Location Grades A/B/C/D

-Can you invest with no (or low) money out of pocket?

-When was/is/will be the best time in history to invest?

-Why the equity in your home does not belong to you!

-5-year financial freedom/Retirement plan

Post: My daughter's most recent BRRRR deal. Step by step Breakdown

Omni Casey
Pro Member
Posted
  • Investor
  • Posts 272
  • Votes 172
Holly, the longer you do this, and as long as you only buy properties with a good Cashflow compared to purchase price, ie close to the 1% rule, then that new Cashflow will start to offset the debt. Also, keep shopping around for small local lenders as they may have portfolio products that you can use. Once you have a track record as a landlord then it will be easier for you to get loans with investor lenders that are non-recourse and not tied to your personal DTI.

Originally posted by @Holly Smith:
Originally posted by @Omni Casey:
Originally posted by @Holly Smith:

@Omni Casey I love your story and taking the time to share! The BRRRR method is hopefully my next and sometimes it can be confusing how to be able to maximize it but I really enjoy the challenge and look forward to it. I also hope to do out of state in Mobile Alabama where I have another small SFH investment but seems like cash offers to start are the best and hard to find on MLS if far away. Still not impossible! These examples help tremendously. I love passion you have and are surely a nature teacher! Thank you!

Holly, thank you for your kind words. Yes BRRRRs are not ever deal. They are my preferred deal but some properties make sense as flips and not BRRRRs because the ARV might be good enough to pull the cash back out, but the renal return may not be enough to cover the expenses. Some properties may only work as regular rentals because the rent vs expense return is good, but you will not be able to raise the ARV enough. Out of the 38 purchases that we made this year, less then one third were BRRRR properties...but they are out there! Good luck!

Omni, so awesome that you were able to act on 8 different units, I am stuck right now as so many are at the next unit ( I bought 2 now my DTI ratio is too high) What is the trick there to not being limited to that? Is it partnerships who have the Income/$ or LLC to show it being business or commercial? I am ready to move past this roadblock and figure out the way around to keep going in the areas I know have these potentials!

Post: My daughter's most recent BRRRR deal. Step by step Breakdown

Omni Casey
Pro Member
Posted
  • Investor
  • Posts 272
  • Votes 172
Originally posted by @Adekunle Ilori:

Wow this very informative and educational, congratulations . Will like to connect with you.

Thank you.  I would be happy to connect  

Post: My daughter's most recent BRRRR deal. Step by step Breakdown

Omni Casey
Pro Member
Posted
  • Investor
  • Posts 272
  • Votes 172
Originally posted by @Alan Kahanu:

Love this inspiring deal with your daughter!

Thank you Alan and Aloha!

Post: NOVA FREE REI investor Education & Networking. Session 103

Omni Casey
Pro Member
Posted
  • Investor
  • Posts 272
  • Votes 172

Session 103 is Scheduled!  Time to network with 64 other local investors and join us for real estate training that will cover the following topics Infinite ROI with BRRRR, Single Family vs Multifamily vs Commercial, Creating money vs Earning money, Pro tips for negotiating the best deal, Creative financing options, Seller financing breakdown.

This is a 100% FREE event but seating is limited.

To allow for social distancing guidelines, we can only allow 65 people to attend and we usually fill up to capacity very quickly. So if you are interested in attending, please RSVP via this link soon. https://love.loudoun.realestat...

How many people will be there? Although everyone is welcome (with an RSVP), If you are concerned about being in a large group, this event is likely not for you. We will provide space for social distancing but we will definitely be at capacity of 65 people. Here are photos from our last event to give you an idea of what to expect. We hope to see you there. 

Post: Mailbox money and answer to previous questions

Omni Casey
Pro Member
Posted
  • Investor
  • Posts 272
  • Votes 172
Originally posted by @Drew Sygit:

Nice post, but would be careful with the term, "passive investment".

Owning rentals is NOT passive. 

You should manage your PMC to make sure you stay on the same page. 

Even the best PMC may make mistakes or have a different idea on how to handle an issue than the owner (maintenance is #1 example!).

So, you should still "manage" your rentals by going over your PMC supplied financial at least monthly:)

Great point!  That is why I stress passive income take a lot of work.  Once you find rock star property managers and set up the right systems for communication and accountability it becomes much easier.