Since we are investing in a self storage conversion project with Scott Krone, we thought we'd ask him to do a webinar for our members to highlight the incredible value that can be added to otherwise undervalued property by converting it into class "A" self-storage property, creating massive returns in the process!
RSVP on Meetup: https://www.meetup.com/SF-real-estate-investors-group/events/244924067/
Register for the Zoom web conference: https://zoom.us/webinar/register/WN_aJE5LzAEQMqThRUDlB4FEQ
If you've been to our meetup you know that we think that Self Storage is pretty awesome. However.... It is really, really, *really* hard to find a value add deal in self storage. Tell us about it!:(( We've been looking for one for almost a year! That is why, when we met Scott Krone and his business partner at the SF Bay Area Summit, we were very interested in their strategy of converting undervalued buildings into climate controlled self storage facilities!
In fact we were so intrigued that we flew out to Chicago and Milwaukee a few weeks later to see for ourselves what Scott and his SSSK Capital Group had been up-to. We visited their existing projects, and the ones that are in the hopper. And, after doing our own due diligence, decided to invest with SSSK!
If you are interested in what we found during our field trip, let us know and we can send you our picture filled trip notes.
Anyway, as you can tell, we are very excited about our newest investment and are happy to have Scott share with our group how they add value to the building, the neighborhood and their investors:
About The Speaker:
Scott is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Scott’s responsibilities included such notable projects as the 400 unit Cormandel in Deerfield, IL, the 40 unit Hedge Row in Winnetka, IL,and the 51 unit Optima Center Wilmette in Wilmette, IL.
In 2012, Scott co-founded SSSK Capital Fund – a firm who specializes in managing real estate assets. Since its inception, SSSK manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse and self-storage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $30 million.
In 1998, Scott founded Coda, an award winning Design + Build |Sustainability | Consulting firm. Since its inception, Coda has won numerous design/build awards including the international Green GOOD Design Award in 2010, Best of Houzz 2014 and 2015, and Design Evanston Award. Their work has been featured in notable publications as Dream Homes - Chicago, Midwest Luxury Homes,Crate & Barrel 2010 Best Catalogs, NBC TV Show Taste, and national ACE Hardware Commercials.
In addition, Scott has authored High Performance Homes –Navigating the Green Road to Your Dream Home, a book for homeowner’s seeking to incorporate green technology into their home. Scott resides in Wilmette, IL, with his wife and three children.
Disclaimer:
This is an informational webinar about how Scott's company SSSK Capital Group creates massive value by doing Self-Storage conversions. As a part of that it will tell the story of some past and current projects. Including a project SSSK Capital Grou is currently in the process of raising money from accredited investors for. While this webinar does not focus on that particular opportunity it is accessible to all interested VIG members; hence the below disclaimer:
This webinar is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security, nor does it constitute an offer to provide investment advisory or other services by VIG, SSSK Capital Group or any other affiliated entities.
No reference to any specific security constitutes a recommendation to buy, sell or hold that security or any other security. Nothing on this webinar shall be considered a solicitation or offer to buy or sell any security, future, option or other financial instrument or to offer or provide any investment advice or service to any person in any jurisdiction.
Nothing contained on the webinar constitutes investment advice or offers any opinion with respect to the suitability of any security, and the views expressed should not be taken as advice to buy, sell or hold any security.
In preparing the information contained in this webinar, we have not taken into account the investment needs, objectives and financial circumstances of any particular investor.
This information has no regard to the specific investment objectives, financial situation and particular needs of any specific recipient of this information and investments discussed may not be suitable for all investors.
Any views expressed were prepared based upon the information available to us at the time such views were written. Changed or additional information could cause such views to change. All information is subject to possible correction. Information may quickly become unreliable for various reasons, including changes in market conditions or economic circumstances.
*** Register for the webinar now! ***
Registration URL: https://zoom.us/webinar/register/WN_aJE5LzAEQMqThRUDlB4FEQ
Since we are investing in a self storage conversion project with Scott Krone we thought we'd ask him to do a webinar for our members to highlight the incredible value that can be added to otherwise undervalued property by converting it into class "A" self-storage property, creating massive returns in the process!
Meetup RSVP: https://www.meetup.com/SF-real-estate-investors-gr...
***Register for the Zoom web conference now!***
https://zoom.us/webinar/register/WN_aJE5LzAEQMqThRUDlB4FEQ
If you've been to our meetup you know that we think that Self Storage is pretty awesome. However.... It is really, really, *really* hard to find a value add deal in self storage. Tell us about it!:(( We've been looking for one for almost a year! That is why, when we met Scott Krone and his business partner at the SF Bay Area Summit, we were very interested in their strategy of converting undervalued buildings into climate controlled self storage facilities!
In fact we were so intrigued that we flew out to Chicago and Milwaukee a few weeks later to see for ourselves what Scott and his SSSK Capital Group had been up-to. We visited their existing projects, and the ones that are in the hopper. And, after doing our own due diligence, decided to invest with SSSK!
If you are interested in what we found during our field trip, let us know and we can send you our picture filled trip notes.
Anyway, as you can tell, we are very excited about our newest investment and are happy to have Scott share with our group how they add value to the building, the neighborhood and their investors:)!
About The Speaker:
Scott is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Scott’s responsibilities included such notable projects as the 400 unit Cormandel in Deerfield, IL, the 40 unit Hedge Row in Winnetka, IL,and the 51 unit Optima Center Wilmette in Wilmette, IL.
In 2012, Scott co-founded SSSK Capital Fund – a firm who specializes in managing real estate assets. Since its inception, SSSK manages a wide range of real estate including single and multi-family homes, retail, commercial warehouse and self-storage and multi-use flex athletic spaces. Currently, the platform of investments is in excess of $30 million.
In 1998, Scott founded Coda, an award winning Design + Build |Sustainability | Consulting firm. Since its inception, Coda has won numerous design/build awards including the international Green GOOD Design Award in 2010, Best of Houzz 2014 and 2015, and Design Evanston Award. Their work has been featured in notable publications as Dream Homes - Chicago, Midwest Luxury Homes,Crate & Barrel 2010 Best Catalogs, NBC TV Show Taste, and national ACE Hardware Commercials.
In addition, Scott has authored High Performance Homes –Navigating the Green Road to Your Dream Home, a book for homeowner’s seeking to incorporate green technology into their home. Scott resides in Wilmette, IL, with his wife and three children.
Disclaimer:
This is an informational webinar about how Scott's company SSSK Capital Group creates massive value by doing Self-Storage conversions. As a part of that it will tell the story of some past and current projects. Including a project SSSK Capital Grou is currently in the process of raising money from accredited investors for. While this webinar does not focus on that particular opportunity it is accessible to all interested VIG members; hence the below disclaimer:
This webinar is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security, nor does it constitute an offer to provide investment advisory or other services by VIG, SSSK Capital Group or any other affiliated entities.
No reference to any specific security constitutes a recommendation to buy, sell or hold that security or any other security. Nothing on this webinar shall be considered a solicitation or offer to buy or sell any security, future, option or other financial instrument or to offer or provide any investment advice or service to any person in any jurisdiction.
Nothing contained on the webinar constitutes investment advice or offers any opinion with respect to the suitability of any security, and the views expressed should not be taken as advice to buy, sell or hold any security.
In preparing the information contained in this webinar, we have not taken into account the investment needs, objectives and financial circumstances of any particular investor.
This information has no regard to the specific investment objectives, financial situation and particular needs of any specific recipient of this information and investments discussed may not be suitable for all investors.
Any views expressed were prepared based upon the information available to us at the time such views were written. Changed or additional information could cause such views to change. All information is subject to possible correction. Information may quickly become unreliable for various reasons, including changes in market conditions or economic circumstances.
*** Register for the webinar now! ***
Registration URL: https://zoom.us/webinar/register/WN_aJE5LzAEQMqThRUDlB4FEQ
This month our featured speaker is experienced investor, author, public speaker and all round real estate success story Michael Morrongiello!
From wholesaling, fixing and flipping all the way to paper assets - one of his particular specialties - Michael KNOWS the business inside and out. He even wrote a book about it (see bio below)! And this month he will share some of his knowledge with us !
In particular he is going to be talking about how cooperation and partnerships can benefit all involved. Whether you are in the business of Buying, Selling, Optioning, or Wholesaling Properties if you can learn ways to work with Financial Allies - the benefits and rewards can be far better for both parties.
~ Learn to overcome one of the Biggest impediments to Wealth Creation in our Lifetime!
~ What is the Most Efficient way to Earn Income?
~ Buy & Sell AND also Minimize taxes
~ Regardless of your Income YES you can obtain a ROTH
~ Helping others while Helping yourself…
~ Pay Now or Pay Later – much, much Later- You choose
~ Deductive Logic when Presenting Solutions to property Seller’s
~ Replacing Debt thru De-Financing
And much more…
RSVP HERE: https://www.meetup.com/SF-real-estate-investors-group/events/243054347/
AGENDA:
About the Speaker:
Michael Morrongiello is an active investor who specializes in Real Estate & Real Estate “Paper” investments. Widely known as having one of the most knowledgeable & creative minds in the paper business, Michael started creating paper as a result of his own Real Estate investment activities in the early 1980’s. He is very active in the Buy/Sell renovation business of properties here in the SF Bay Area.
Michael is the author of; Paper into Cash – The Convertible Currency-the definitive home study course that assists you in structuring seller financed transactions while creating marketable Notes and The Unity of Real Estate and “paper” – a course book that outlines numerous real world in the marketplace transaction scenarios and solutions where Real Estate and financing techniques involving “paper” can be effectively used. Michael also teaches a constantly revised and updated “CRUSH IT” workshop each year where attendees can cut their learning curve, gain valuable insider tips to succeed with their Real Estate Investments and Learn the Secrets of Real Estate Success geared toward the markets we find ourselves in.
Michael is also the program director for BAWB- the Bay Area Wealth Builders Association- an educational support group for both the beginning and seasoned real estate investor. (www.BAWB.info)
His firm Sunvest (www.sunvestinc.com) would like to purchase some “paper” from you and can be reached at # 707-939-9450 or via e-mail to [email protected]
@Sean Walton I'm putting it on my calendar! Is there a Meetup page for the as well so I can be sure to catch more of the events?
RSVP on Meetup here: https://www.meetup.com/SF-real-estate-investors-group/events/241138189/
Out Of State Meetup - Out of State Guest!
We are really exited that Bill Bellomy has agreed to fly in from Texas to present to us! Bill is a young, successful, Austin based commercial broker. His company "Bellomy & Co" specializes in the nationwide sale and finance of, you guessed it; Self Storage Real Estate!
NOTE: First 100 RSVP's that show are eligible to win a complementary ticket for the 2 day Bay Area Real Estate Summit.See bottom for details.
Bill loves self storage. In fact he is so passionate about this highly profitable asset class that he agreed to lock himself for 5 hours in an aluminum tube filled with germs, screaming babies and 18" of leg room to give us a primer on why he believes self-storage Real Estate is a great investment.
Help Attract Great Speaker like Bill! - Click Here to Share This Meetup on LinkedIn
What is Self-Storage?!
At a self-storage facility a customer rents a garage-like unit on a month to month basis. The tenant uses their own lock and has sole access to the unit. This means that the facility does not provide bailment (no care, custody or control over the tenants stored property). Units can not be used to conduct business out of, or to live in:).
Renters that don't pay or break the lease can be locked out of the facility. Because they are not residential tenant their units can be auctioned off by the end of the month without an eviction process, provided that proper procedure is followed.
What Will be Covered in the Presentation?
This presentation will assume zero familiarity with self storage investing and function as a primer on the topic.
First Bill will briefly explain the history of self-storage and go over the aspects that make it unique from almost all other real estate types out there.
Next we get a brief overview of the economics involved in owning and operating a facility.
Finally Bill give a brief overview of his outlook for the market and where he sees the opportunities, and threads, for the (aspiring) self storage operator.
What Will NOT be Covered?
To cover all of self storage in any type of detail you'd need a multi-day seminar. We know, because we attended one of those seminars:). This presentation is intended to be a primer to help you find out if you want to learn more.
Logistics:
RSVP NOW and find out for yourself why Forbes called self storage "The Hottest Way To Invest In Real Estate". Your early RSVP is really appreciated as it helps us to better plan your pizza, drink and chair needs:).
AGENDA:
About Bill Bellomy:
Bill's Texas based brokerage firm Bellomy & Co, sells and refinances self-storage properties in Texas, the Southeast and nation wide.
Over the last few years Bill have been involved in close to $300M worth of transactions including the sale of one of the biggest independently owned self-storage facilities in Texas in which he represented both the seller and the buyer, San Diego based, Lockaway Self Storage who operates over 30 facilities ins California and Texas.
Bill and his wife Emily reside in Austin Texas where is brokerage is headquartered. To find out more about Bill's company, Bellomy & Co visit their website.
RSVP on Meetup.com now: https://www.meetup.com/SF-real-estate-investors-group/events/239967710/
If the word "Cannabis" makes you think of Cheech and Chong, forgetful stoners and plants crammed in dusty attics; think again!
August's 31st's speakers are experienced cannabis real estate investors and syndicators, Leslie Plettner & Cabral Bonner from Kimba Home. Their presentation dives deep into Federal, State and local trends that drive value in the cannabis real estate market.
So, if you are still wondering what exactly cannabis real estate is, if it is even legal, if you want to find out how you can you get in at the ground level of this exponentially expanding, multi-billion dollar industry, you should reserve your seat now!
NOTE: First 100 RSVP's that show are eligible to win a complementary ticket for the 2 day Bay Area Real Estate Summit. See bottom for details.
Have you ever wished you could have sold shovels, picks and mining supplies during the 1849 gold rush? You might get that chance now! The California legal cannabis industry is expected to grow from less than a billion dollars in 2016 to more than $6.5 billion by 2020. This rapidly expanding industry has significant real estate needs, and not a lot of cannabis friendly landlords.
This is not your grandpa's growing operation...
How does high demand and restrictive supply impact purchase price? Leslie and Cabral will also explore both the perceived and actual real estate risks, zoning restrictions, bank financing, the legal landscape, and the impact of Prop 64.
Don’t miss out on this opportunity to learn about a high growth market with significant real estate needs. We’ll see you on August 31st!
"We grow copious amounts of ganja, yah?" - Winston
More than growing space: Testing labs, Edibles Manufacturing Facilities, Retail Space (Dispensaries) .
***Help Attract Great People! - Click Here to Share This Meetup on LinkedIn***
AGENDA:
8:00 PM - Member introductions & elevator pitches.
8:15 PM - On-site networking
9:00 PM - Advanced "free-range" networking at the bar of the El Valenciano just down the street!
About Leslie and Cabral:
Leslie Plettner & Cabral Bonner Co-Founders, Kimba Home Leslie began her professional career as an educator, playing many roles such as teacher, principal, and coach-consultant.
Leslie Plettner - Educator, Co-founder Kimba Home
Early in his career, Cabral also worked in schools before getting a law degree from Stanford.
Once starting their respective families 10 years ago, they craved the flexibility and wealth generation that real estate offered. They attended more than a dozen real estate, tax and and asset protection, and marketing courses, and in 2009 co-founded Kimba Home—a value-based mission driven real estate investment company committed to providing high returns to capital investors while expanding financial literacy for urban youth.
Cabral Bonner - Lawyer, Co-founder Kimba Home
Leslie and Cabral purchased their first investment property (a duplex) in 2010 for $155,000 and spent $65,000 in renovations. The property appraised for $795,000 in June of 2016, and cashflows more than $2,000 a month.
Since then, Kimba Home has amassed significant capital from short term development projects and expanded its portfolio to include a mix of warehouses, multi-family, and retail. Their portfolio includes 12 properties totaling 246 units across every region in the United States (some properties have shared ownership). Kimba Home consistently delivers 20+% annualized returns on its investments.
In June of 2015 Leslie saw an opportunity to serve the real estate needs for the cannabis industry. She anticipated market expansion through the passing of Prop 64 and knew the discrimination the industry faced would create a niche for the savvy real estate investor. Leslie and her business partner, Cabral Bonner, have supported cannabis operators to obtain both real estate and local licenses, with a particular focus in San Francisco and Richmond.
Through speaking engagements, Leslie and Cabral now support real estate investors, appraisers, and lenders to understand investment opportunities in the cannabis industry. Engagements this year include speaking at the Arcview Investor Forum and the closing session of the NorCal Appraisal Institute, which is the largest chapter in the United States. Cabral and Leslie reside in Oakland, CA with their respective families. Learn more about their company by visiting www.kimbahome.com.
Prefer to follow us on Meetup? RSVP here: https://www.meetup.com/SF-real-estate-investors-group/events/242124321/
Is Student Housing Investing the Biggest Growth Opportunity in Multifamily?
Thursday, August 10th we have a special treat for you! Neal Bawa, who's speaking schedule understandably opens up whenever his group is funding another project:), is going to come and teach us why, especially in today's market, he and his team of Multi Family experts are so excited about investing in Student Housing!
Student Housing has seen an explosive growth over the last 10 years, and the market is seeing tremendous interest from both institutional and Asian investors. Through his partnerships, own research and experience, Neal has build up a great deal of knowledge about this very lucrative asset class. Those of you that have seen him speak before will agree that Neal is one of the most engaging and best prepared speakers that we have had at our meetup.
What Will be Covered in the Presentation?
In this special lecture, which is free of charge and open to all VIG members, he will be covering "Student Housing Fundamentals". This presentation will assume zero familiarity with the topic and function as a primer. Come and expect to be entertained and learn the following:
- What does off-campus housing mean?
- Types of student housing
- Off campus student housing unique features
- Unit design differences - Bed-Bath Parity
- Private rooms vs shared rooms
- Lease Terms
- Common areas
- Resident programming - its not ANIMAL HOUSE
- Property management software requirements
- Understand the University – Residential vs. Commuter, Private vs. Public, Tier 1 vs. Community College
- Location - what is the 'University Zone'?
- Market / school growth - what are the capture rates?
- Amenity mix for different student types
- Key players in student housing
Help Attract Great Speakers like Neal! - Click Here to Share This Meetup on LinkedIn
What Will NOT be Covered?
Those of you who are subscribed to our Organizer emails will have noticed that we are helping Neal's team get the word out ontheir latest huge 322 unit passive investment opportunity which is in the field of (you guessed it) Student Housing.
Just to make sure no-one is disappointed: And while Neal will of course give us an update on what is going on with that deal, this lecture will not attempt (or have time) have time to go over that whole deal!
Consolation price: If you are looking to see a recording of a thorough presentation of that particular deal (which is open to all accredited investors) you can see a full 1 hour recording of the presentation by clicking here.
Logistics:
RSVP now! This Thursday August 10th session is a special event and we are giving you less head's up than usual.:( Your early RSVP is really appreciated as it helps us to better plan your pizza, drink and chair needs:).
AGENDA:
About Neal Bawa:
Neal Bawa is COO/President of Financial Attunment and brings strong operational and fiscal management experience to Financial Attunement. Neal has over 17 years of revenue (P&L) experience as the senior-most executive in a California education company with over 350 employees and $40MM in revenue. Neal retired after 17+ years of service to pursue a Real Estate career full time.
He now owns and manages an extensive real estate single family and multifamily portfolio in 5 U.S. States. He teaches Multifamily education seminars to over a thousand students a year. He now leads the Financial Attunment Operations group and is driving the syndication and acquisition of MultiFamily and Student Housing properties.
Are you Still Reading? You Should Consider Picking up a Hobby; Seriously!:)
Or maybe get a cat, or two? Anyway until you do that, you can read this ecosystem announcement!
RE/MAX Futura - Investing Basics Workshop:
Our Location Sponsor RE/MAX Futura is organizing a free RE Investor Basics workshop: Contact Antonio Gamero for more information.