All Forum Posts by: Omar Ruiz

Play the board game CASHFLOW 101! • Learn about creating passive income!

CASHFLOW 101 is the entrepreneurial adult version of Monopoly. Actually, it's like Monopoly on steroids. Whether this is your first or your 100th time you will certainly be entertained and likely go home smarter than when you arrived. 

The board game simulates real-life experiences and opportunities by teaching what you need to do to create financial independence in your life (how to Get Out of the Rat Race) thru Business Ownership and/or Real Estate Investing.

CASHFLOW 101 was created by Robert Kiyosaki as a simulation companion to his best selling book: "Rich Dad, Poor Dad". Once you're aware of the 'millionaire mind' philosophy the game teaches, becoming successful in business and real estate investing will be one giant step closer. 

It's free to join. There's limited seating so Please RSVP by clicking HERE.

We look forward to seeing you!

Sati Ah is a successful local investor in many different areas of real estate. From flipping million dollar homes in Venice Beach, to buy and hold rentals in the Inland Empire and vacation rentals, she has experienced many obstacles and overcome challenges.

She'll be talking about how she finds deals, how she funds deals with different investors, and the challenges she's overcome.

On Flipping Homes:
• Her transition to a new Market in San Diego and what she learned about creating a new team.

On Vacation Rentals:
• New challenges for hosts using the AirBNB portal

On Buy & Hold Properties:
• Where to look when the numbers don't work

Click Here for Meeting Info and RSVP

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How I Found Financial Freedom on $100/month!Presentation by Veteran Local Investor - Coach Jack Fullerton

Jack started buying single family homes years ago in one of the most expensive housing markets in the country, on his income as a college professor and coach. He has acquired personal wealth and knowledge through the study and practice of creative real estate. Known as a problem solver, he has acquired millions of dollars of real estate over the years.

He was a member of the Academy of Real Estate where he received the Pathfinder Award. He has been listed in Who’s Who in Real Estate. After 8 years of investing in real estate part time he retired from his college position. That was over 25 years ago. He presently teaches and shares the principles of his success.

Click Here for Meeting Info and RSVP

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About the Meeting...

6:15 - 7:00 pm: Come early for NETWORKING

7:00 - 9:00 pm: MAIN MEETING

9:00 pm – On: Stay after for MORE NETWORKING

COST: $30.00 Pay at the door, cash, card or check only.

ATM is located at the Hotel Lobby.PARKING: $12.00 dollars and 100% validation with the purchase of one soft drink, cocktail and/or appetizer at the hotel restaurant while networking before or after the meeting.

As usual there will be no sales pitch of any kind. We pride on the FIBI philosophy: "Bare Bones Real Estate without the hype and without the BS"

It's not every day we have a successful investor that's been doing it full-time for 48 year!

Since 1970 Ward Hanigan has worked in the real estate field full-time. His first real estate position was with Countrywide Funding as a field loan solicitor for 2 years. He then struck out on his own and got his real estate license. For the next 10 years he specialized in the apartment brokerage business...buying, selling, and managing apartment buildings for investors. When that market cratered in 1982 (due to excessively high interest rates) he switched gears. For the next 24 years he focused exclusively on flipping foreclosures that he bought at local, courthouse auctions (Trustee Sales). During that time he bought, fixed up, and re-sold about 500 foreclosure properties, parlaying his initial grubstake from $86K into seven figures. 

As a consequence, Ward is one of the most knowledgeable and well-known foreclosure experts in Southern California–not only due to his expertise, but more importantly, his willingness to fearlessly train newbies…in spite of any possible increase in close-by competition. He has personally trained about 1,800 individuals, one on one, on the intricacies of raising cash, title searching, rehabbing, and reselling foreclosure flippers. In addition, over the years he has taught a large number of individuals on the methodology of holding title to real estate in a title holding trust for anonymity reasons. Investors applaud Ward’s astuteness regarding privacy, but exasperated title searchers look forward to his possible retirement. 

In 2015, at the annual “I Survived Real Estate” event, the Norris Group presented Ward with the prestigious Rhony Award. The Rohny is a lifetime achievement honor for distinguished individuals that elevated the real estate investing profession with outstanding leadership, and willingness to share knowledge and work with others. The Rohny award is named in honor of the late Jim Rohn who influenced so many notable people in the sales and real estate fields. 

Throughout Ward’s career he has been a generous contributor of his specialized, real estate knowledge and expertise to innumerable investors at many of the real estate clubs in Southern California. He continues to offer private, hands-on training at his San Diego office and continues adding to his growing collection of Dingbat rental houses in California and Arizona.

This group is for those who want to learn about investing and grow their skills in investing and finance by playing the game “Cashflow” created by Robert Kiyosaki. We welcome all levels of players from beginners to advance. The group is headed by active real estate investors and property managers. You’ll have fun and make new friends while you learn.

Cashflow 101 is an educational board game designed by Robert Kiyosaki, which aims to teach the players concepts of investing by having their money work for them in a risk free setting (play money) while simultaneously increasing their financial literacy and stressing self accountability.

There are two stages to the game. In the first, "the rat race", players aim to raise his or her character's passive income level to where it exceeds their expenses; this is when cashflow from investments pay your monthly expenses as opposed to your salary. The winner is determined in the second stage, "the fast track". To win, a player must get his or her character to buy their "dream" or accumulate an additional $50,000 in monthly cash flow.

In place of "score cards", there are financial statements. The game requires the players to fill out their own financial statements so that they can see more clearly what is happening with their money. It generally shows how assets generate income and demonstrates that liabilities and 'doodads' are expenses.

The video below give good information about the concept of the game.

Let me know if you made it inside.

5th floor, elevator code is 54678#. Call Jeffrey at 714-420-6312 or Alfredo at 714-605-9316 if you have trouble getting inside.

Yes you'll need 2 onsite maintenance; 1 guy will get overwhelmed, especially on older buildingsister. The payroll is high at $1400/door. Should be closer to  $900- $1000. 10% for management of 100 units is high. Should be 4-5%.

Good luck 

There is an RSVP link on meetup but I believe bigger pockets does not allow links to be posted. I'll send you a connection request and send link directly to you. 

Yes, you pay at the event. 

Best Regards, 

Omar 

Come hear what Sandra Rea and her partner Ray Paley, co-founders of R2 RealEstate Investing, have to share from real-world scenarios about changing the use of single-family residences – including homes, condos and even high-end apartments. If you’ve ever wanted to get an insider’s look into the income you can earn by turning your SFRs into vacation rentals, assisted living facilities, sober living homes or pretty much any other type of group, corporate-use, by-head, by-bed or by-room situation, you’ll want to attend this lively event!

Here’s what Sandra and Ray will cover:
- Introduction to change of use
- How to determine the potential of any SFR
- What types of returns you can expect
- Walking through the numbers
- Open Q & A forum – because they are there to answer YOUR questions

"Very informative. Ray and Sandy provided great insight into creative acquisition, deal structure, OPM and how to cashflow in CA!" - Elizabeth

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Sense Financial Services LLC, President: Dmitriy Fomichenko

Dmitriy is the founder and president of Sense Financial Services LLC, boutique financial firm specializing in self-directed retirement accounts with checkbook control.

Would you like to maximize your retirement contributions as a Small Business Owner or Real Estate Investor?

• Would you like to create tax free Roth money regardless of your income?

• Would you like to invest in leveraged (financed) real estate inside your IRA and AVOID the hidden UBIT taxes?

• Would you like to access your retirement account TAX FREE & PENALTY FREE before retirement?

• Would you like to shelter over $100,000 as husband and wife business owners?

• Would you like to have checkbook control over your retirement account?

• Would you like to have the freedom to invest how you want and when you want?

If you answered YES to any of these questions, you should consider the Ultimate Retirement Plan as an essential part of your tax planning and retirement savings strategy.

It has some unique qualities that make it a more powerful tool than a traditional 401(k) or a self-directed IRA!

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6:30pm – 7:00pm Sign-in and networking

7:00pm – 7:20pm Intro Speaker: Dmitriy Fomichenko

7:30pm – 8:30pm Feature Speaker: Sandra Rea & Ray Paley

$20 entry fee at the door.

Invite your friends and family interested in learning more about real estate investing and networking with experienced investors and people sharing the same mindset and desire for knowledge.

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Location Details:

Wells Fargo Building on the 5th Floor. Corner of Birch and MacArthur. One block away from John Wayne Airport.

Address: 4590 MacArthur Blvd, 5th Floor, Newport Beach, CA
PARKING IS FREE - GO THROUGH THE YELLOW PARKING GATE/ARM AND UP THE 5TH FLOOR OF THE WELLS FARGO BUILDING. There is some construction going on. You can just drive around it and park on the other side. Go through the yellow parking gate and park anywhere in front of the building. *NOTE: Arrive early or on time as the building doors and elevator are secured by self-locking doors. If you get locked out, send us message on this meetup and we'll send someone down to let you inside.

It sounds like you're talking to residential insurers instead of commercial insurers. If you haven't talked to a commercial property insurer, that's were you need to start.