All Forum Posts by: Ryder Meehan

I am absolutely giddy to have Neal Bawa booked to present to the group in May. Neal is a power-investor with a diverse and successful portfolio of large scale multifamily and unique passion projects he has been able to identify, fund, close and operate remotely. On top of his experience, few present and teach better.  RSVP here now: https://www.meetup.com/San-Francisco-Real-Estate-Investing-Out-of-State/events/238804390/

Oh and I did a mention complimentary beer, wine and pizza?

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Financial Attunement's Neal Bawa will, once again, deliver a power packed talk about key trends that you ABSOLUTELY MUST know about before you start planning your 2017 investments. This is a not-to-be-missed investment for both the analytical and the opportunistic investor. The presentation is fast, fact-driven and entertaining. Here are some of the topics that will be covered:

1. The state of the U.S. and world economy - can it support more growth?

2. The all important job market - where are we going?

3. How are rising interest rates going to impact real estate?

4. How are demographics affecting the real estate market?

5. how did Multifamily (apartment) industry do in 2016?

6. What are the Multifamily predictions from analysts for 2017?

7. The best and worst U.S metros for multifamily in 2017

8. What is the forecast for California’s market in 2017?

9. What are the best and worst markets in California?

10. The TRUMP factor: what does it mean for real estate investors?

I'm seeing this in SF as well, too bad - I would have liked to have gone!

This event is part by the San Francisco Real Estate Investing Out-of-State Meetup Group, a REI networking group for investors of all levels looking to get the higher returns of markets outside the Bay Area. All are invited and welcomed to make our network stronger and to create an ecosystem of knowledge, capital, deals, and connections.

Put your hard-earned tax-deferred retirement savings to work through real estate investing.

In March we will have Bill Neville, a Certified IRA Services Professional (CISP) from The Entrust Group, who will outline the process for using your retirement account to invest in nearly any property while maintaining tax-deferred status. Bill is the Business Development Manager for The Entrust Group, the leading self-directed IRA firm.

Join us!

Agenda:
6:30-6:45PM - Networking
6:45-7:30PM - Real Estate Investing through an IRA
7:30-8:00PM - Member Intros
8:00-10:00PM - Drinks at The Boardroom (1609 Powell St)

Location: San Francisco Chinatown Library Branch (1135 Powell Street)

This event is part by the San Francisco Real Estate Investing Out-of-State Meetup Group, a REI networking group for investors of all levels looking to get the higher returns of markets outside the Bay Area.  All are invited and welcomed to make our network stronger and to create an ecosystem of knowledge, capital, deals, and connections.

Niches make riches in this alternative real estate investment strategy and April's presentation will be led by one of the leaders in mobile home park (MHP) investing, Howard Huang. He and his business partner (St. Paul Group, LLC) have built incredible passive income streams through acquiring and managing parks across the country since 2008.

Howard will share why he choose to focus on MHP, the advantages/challenges of MHP investing, what investors need to know about this asset class, and a few case studies of projects he has completed. Even if MHP isn't for you, this is a great mindset-shifting opportunity to go from landlording to investing. Don't miss it!  

RSVP now

Agenda

Networking: 6:30PM-7:00PM

MHP Presentation: 7:00-8:00PM

Member Intros: 8:00-8:30PM 

Networking & Drinks: 8:30-10PM

Place: San Francisco Chinatown Library Branch.  As always, we will head to The Boardroom (1609 Powell St) directly after for networking.

Howard's Bio:

Howard Huang holds a Bachelor of Science in Economics from Cornell University and over 20 years of professional experience. As an executive in the software and consulting industry he led multi-million dollar projects for Fortune 500 companies. Howard is currently a full-time investor with expertise in manufactured housing and residential mortgage notes. His background and specialty includes acquisitions, due diligence and underwriting, and the development of organizations and operational processes. Howard was a former forum moderator for the Mobile Home University website. 

Great idea, I would love to see more REI Meetups in SF proper. As @Johnson H. so kindly mentioned I organize a REI Meetup in SF specifically for investing remotely outside the Bay Area. We usually have a formal topic presentation followed by networking at a bar, it's good times for all. Our next event is 3/30 on the topic of buying real estate using IRA/401K funds:

https://www.meetup.com/San-Francisco-Real-Estate-Investing-Out-of-State/

I stopped contributing to my 401K and would not again unless I was working for an employer that 100% match in which case I might contribute up to their 100% match allowance.

The reasoning was already well covered by @Michael Swan but essentially I want to keep every dollar so I can get my hands on so that I can leverage it as down payment capital on the next great deal that I will control and be able to force appreciation on. Additionally, I'll be able to enjoy these spoils long before 59 1/2 with significantly lower tax implications due to my write-offs and depreciation. I'll be in a much higher income bracket at that age as my portfolio grows and appreciates over the next 25 years as well so from a tax limiting strategy I'd rather take the hit now (not sure an IRA/401K) then at 59 1/2 (using an IRA/401K)

If you already have funds in an IRA/401K I suggest transferring to a self-directed IRA (if possible) and using that to fund a great real estate investment and leverage it with a loan. Any profits gained would have to go back into the account until you reach 59 1/2 but you might as well get the most of the funds already tied up there. Just don't contribute to it any more!

Now, I'll also say I give this advice to those that are willing to WORK to grow, maintain and actively engage with their real estate investments (which I expect most on BP are!).  For truly passive investors or those not wanting any additional responsibility or required self-education then just contributing to a retirement account is much better than putting it in one of those high-yield 1% savings accounts or worse yet - buying a new matching pair of jet skis for you and your cousin to hit the lake with.

San Francisco Real Estate Investing Out-of-State Meetup

This group meets monthly so please join us!  In February we will have Kent Mak, an experienced specialist in Section 8 real estate investing - and he's doing it with his company across the country. Section 8 is a government sponsored low income housing program in which the US government pays the majority of the rent for qualifying tenants. This provides reliable rental income and a steady stream of renter applicants.

Kent Mak is one of Topstone Investments' original founders and is in charge of acquisitions and logistics to manage hundreds of properties in multiple markets simultaneously. He has nearly 20 years of experience with affordable/low income housing in Midwestern markets.

Over time Mr. Mak and his management teams have “cracked the code” to large scale scattered site redevelopment in blighted areas, providing affordable housing and recycling properties in neighborhoods that were cast aside. Through experience with scalability and developing best practices, Mr. Mak and his teams have been able to generate higher than average returns in investment portfolios generally avoided by investors with less operational expertise in markets such as Sacramento, Phoenix, Kansas City, Tulsa, San Antonio and many other markets.

In addition to spending many years working with affordable housing and student housing, Kent has developed supply chains to directly import construction materials directly from China to lower construction costs on large scale projects.

Mr. Mak’s rehab projects were featured in a Showcase of Homes program by the City of Tulsa in 2006-2007 as his teams fought to eradicate blight and provide affordable housing to area residents.

Join us this month to learn more about Section 8 Investing and Kent!

RSVP right over here

Where: San Francisco Library Chinatown Branch (1135 Powell St, San Francisco, CA 94108) - We are in the first room as you enter the library on the right.

When: Thursday, 2/23

Agenda:

6:30-6:45 - Networking

6:45-7:30 - Section 8 Presentation

7:30-8:00 - Member Intros

8:00-10:00 - Drinks & Networking at The Boardroom (1609 Powell St, San Francisco, CA 94133)

Get started with a rewarding career in real estate.  Work with a successful team of 3 experienced real estate investors looking to expand our portfolio through dedicated, resourceful and talented Bird Dogs in Oakland.  

If you're willing to learn, adapt and push through challenges - as well as have a long-term interest in real estate, we are very interested in working with you.  

How it works:

• After we meet and feel like it's a fit we will set a start date for you.
• We will set you up with marketing materials including door hangers, yard signs, a company polo shirt and additional resources.
• We spend a day doing a ride-along distributing marketing materials, knocking on doors and networking with potential referral sources
• After that you will be set up for success to start building prospects.  You will refer potential home-seller leads to our experienced team to close.
• After we close we pay a $1000 referral commission.  Then upon completing rehab and selling the property you earn a % of net profit (based on experience)

FAIR WARNING - This is not an easy position, you will have "no" more than "yes", you will have to go into rough neighborhoods, you will only be earning money when leads convert and it will take time and persistence to convert leads.  If this sounds unappealing or if you're already feeling uncomfortable then this may not be the program for you right now.

You will be learning the process, gaining motivated selling marketing skills and building a network of real estate investors. If you are looking for a mentor or a way to get started in this industry - this is the perfect opportunity.  

We look forward to talking!

 Thanks for adding some color and detail.  This being a MF it was a bit more challenging and less lenders are willing to do it.

I also tried to get a second mortgage to free up some cash about a year ago but no national lender would approve me.  Even the local lender I'd done my last several deals would only do a 3-year cashout refi with 5.75%.  I shopped around enough that I think this local lender will make it happen.  

I may need to start the practice of selling off some smaller properties and going bigger to stay under the 10 if it is as hard as I've heard it can be after that watermark.

I have an Airbnb unit averaging $2700 monthly in Dallas (previously $1100 as a traditional rental)