Real estate investors usually learn the hard way about diversification. You put all your eggs in one basket (say, a house flip) and hope that the market doesn't wipe you out.
Eventually, in the long run, you may earn a positive net income. But from time to time, you will lose money on a house flip or rehab.
It just happens.
I'm here to tell you that you should diversify your sources of income. Seems so obvious, right?
Well, I've recently learned a lot about real estate notes, aka promissory notes, or just notes for short.
And in my research, I found a great class that I want to share with you.
July 22, 2017 (a Saturday), I'm holding a class in Concord, run by the guys at Note School.
It's an all-day event starting at 9am. From 9 to noon, Joe Varnadore will teach how we can benefit from getting in the notes business. At noon, we'll break for lunch (I'm providing lunch, so don't worry).
Then at 1pm, we'll reconvene with Joe and he'll share his infinite notes wisdom until 5pm.
Sound good? Just RSVP below – first 20 tickets sold will be $20 (that is a steal of a deal), thereafter tickets will be $50.
Obviously, it's best to get your tickets now. And definitely, mark the date!Tickets
I'm super excited for our next Thrive Meetup! It’s on September 28 at 1515 Restaurant & Lounge in Walnut Creek (upstairs) at 6pm.
His motto, “Dream it… Plan it… Live it!” is something he’s passionate about, and you’ll see his passion ooze through his pores when he gives the presentation of YOUR life at our Thrive Meetup next Thursday.
Tim is super successful. But unlike a lot of really successful people, especially real estate investors, he actually leads a balanced life. That’s the whole key.
Come to our meetup on the 28th to learn more about living the life of your dreams. Tim will share a ton of actionable info with you and I’m sure you’ll leave supercharged and informed.
Where: 1515 Restaurant & Lounge, 1515 North Main Street, Walnut Creek, CA
When: September 28, 2017, 6pm
Remember, Thrive REIA members get in free. All others, it’s $20 at the door.
More about Tim:
Tim sold over 2500 homes between 1986 and 2000
-He bought and sold over 100 properties
-He coached more than 200 investing students for foreclosures.com
-His 5-year goal is to help over 10,000 people worldwide develop their own life plan and create a world of abundance and balance for themselves!
Specialties: Helping people find their purpose and take action for their lives.
PS—these events fill up fast and there is a maximum occupancy, so RSVP today.
Our next Meetup is on November 2 at 1515 Restaurant & Lounge in Walnut Creek.
I’m excited about our guest, Al Williamson.
He has a story that you won’t believe. And I can’t do it justice in this note.
So, you’ll just have to show up on the 2nd!
But seriously, Al has a novel approach to real estate investing. He invests in inner city real estate, among other things.
Plus, he knows a thing or two about using AirBnB to MAKE money as a real estate investor.
He’ll also talk about short term rentals and how to get the maximum net income from your property.
It’s all great stuff and you’d be a fool to miss this.
I’m eagerly anticipating his presentation. I know I’m going to learn a lot, and so can you.
It’s only $20 to attend. Free if you’re a Thrive REIA member.
Date: November 2, 2017
Location: 1515 Restaurant & Lounge, 1515 N Main St, Walnut Creek, CA 94596
See you there!
Date: June 14, 2018
This meeting will be held online and I will be interviewing a wholesaler from Jacksonville, Florida.
I met Gonzalo when he was 19. Now, 4 years later, he owns a high volume wholesaling company and this year his team is on target to do 100 deals.
Gonzalo has contractors, property management, and deal flow. He has been finding deals for out-of-state investors and is looking to connect with buyers in our group.
Here is what we will cover:
- How did you get started?
- Why invest in Jacksonville?
- How do you work with out-of-state investors?
- Case study
What you need to do: Go here — https://zoom.us/webinar/register/WN_2b-zSL49RsWK4ZgcTg0TuA to register for this exciting webinar. Listen in on June 14 and be prepared to be blown away.
I am excited to have my friend Paul from Little Rock, AR on our online webinar June 27th.
Title: Learn about the Little Rock Arkansas Real Estate Market
Date: June 27, 2018
Time: 6:30pm Pacific
Here is what we are going to talk about:
- Little Rock Market
- Case Studies of Recent Deals
- Finding Deals – the Tired Landlord Method
- Finding Money Partners
- Quitting His Job and Going Full Time Investor
- And so much more…
Paul Thompson grew up in Texarkana, Texas, and graduated from the University of Arkansas with a degree in Computer Engineering. He earned his master’s degree in Business Administration at UALR. He worked in corporate American for 17 years before striking out on his on as a full-time investor.
He enjoys publishing his weekly podcast, “Ready Investor One.” Paul likes physical fitness and having engaging conversations with interesting people.
He currently serves as President of the Little Rock Landlord Association. He is an active member of the local Real Estate Investors Association. He also hosts a local Meetup group called ‘Self Directed Investing’ where he helps educate people on how to invest their Qualified Retirement Plans (IRAs, 401k’s, 403b’s) in alternative investments such as real estate, promissory notes, and options.
What you need to do: You need to register ASAP (space is limited) using this link — https://zoom.us/webinar/register/WN_iBVxbc1jQUKZlNfKiJi_rw
Title: Airbnb Arbitrage & Short Term Furnished Rentals with Al Williamson
Date: July 10, 2018
Back by popular demand, the one and only Mr. Al Williamson!
Here is what we will be discussing:
- Airbnb Arbitrage- What is it?
- Business model for Airbnb Arbitrage
- Can we really get started with very little money?
- Case study
- New trends in short term furnished housing
The first 50 people will get access to the live zoom video call.
What you need to do: You need to register as soon as possible using the following link: https://zoom.us/webinar/register/WN_X7HHuP0lTo6k6BTfsf81bw
Date: July 12, 2018
I am excited to announce another online webinar with my buddy Andrew Cushman.
He started his real estate investing career by flipping houses. He eventually realized he could create more wealth and cashflow by buying multifamily properties. Within a few short years he has grown his portfolio up to 1646 units. By the time we host this webinar I’m sure that number will have increased.
Here are some of the topics that are going to be covered:
- How did you find your first deal?
- How to raise capital for taking down projects
- Emerging markets
- High-level overview of analyzing the deal
- Markets that Andrew is buying in
Mr. Cushman has a BS in Chemical Engineering from Texas A&M University. After graduation, Andrew worked for a large food company for 7 years in a variety of supervisory positions, including Plant Manager, where he was responsible for plant operations, maintenance, plant personal, and plant finances. Andrew specialized in turning around underperforming plants and departments and was relocated to various facilities throughout the U.S. to perform this task.
In 2007, Andrew left his corporate position to start a business in real estate investment. Starting off with single family properties, Andrew completed 24 single family transactions (purchase, rehab, sell), all of which earned significant returns for both his business and investors.
In 2010, Andrew transitioned to multifamily acquisitions and has successfully syndicated and repositioned 1,646 multifamily units that are providing investors with strong returns.
Outside of the business world, Andrew is a certified alpine ski instructor and, when not working in real estate, enjoys surfing and backcountry skiing. Andrew is married with two children and resides in Southern California.
Please RSVP here and I will send you a link for the zoom webinar.
What you need to do: Sign up for this valuable webinar now, using this link — https://zoom.us/webinar/register/WN_bfzSXlPbS-CLRBDn4IQgsg
Date: August 14, 2018
We have something special coming August 14th. I am hosting an online meetup where we will be looking at a new tool that can help you locate off-market properties.
Below is a little more about the capabilities of this program.
- Locating on and off-market properties (distressed or not)
- Generating lead lists
- Vetting properties
- Assessing risk
- Calculating feasibility
- Calculating rehab costs
- Appending contact information
- Marketing to prospective sellers and buyers
The software allows the user to combine any number of criteria and then extract lists of properties that meet an exact investment profile. We have nationwide coverage for the following:
- MLS properties
- Cash buyers
- Free and clear
- High equity
- Vacant properties
- Non-owner occupied
- Tax, IRS, HOA, and utility liens
- The list goes on!
The software will then display the following data points for each property:
- Full property details (up to 125 relevant fields)
- Comps (automated and user defined)
- Nearby MLS listings
- Neighbor information
- Estimated value
- Estimated equity
- Estimated monthly rent (each property is assessed
- Outstanding loans
- Mortgage balances
- Tax information
- Owner information (owner / non-owner occupied, out of state,
- Local market trends
- Average days on market
- Average price per square Foot
- Current versus historical inventory
- Bing Mapping and Street View
- Property Snapshot (status, open liens, on or off
And, as they say, much, much more!
Date: August 27, 2018
How do multifamily experts consistently double investor money in 5 years? Well, their big secret is that they know how to pick the right city and the right neighborhood at the right time.
And now, it’s time for you to learn how to do that for your investments.
Acclaimed multifamily expert Neal Bawa’s Show-and-Tell workshop is a series of high-speed web demos that will convert anyone that follows the simple steps into an expert on ANY city or ANY neighborhood in the U.S., in just 60 minutes.
You will learn how to use critical metrics like
- household income,
- poverty level, and
- unemployment levels
to select cities and neighborhoods, in a graphical, simple-to-use way.
All of this using free tools that anyone can access without a subscription.
Thousands of students have been amazed by the elegance and simplicity of Neal’s city and neighborhood-picking method.
When he is done, you will be able to pull up any city in the U.S. and confidently pick the fastest-growing portions of the city, point out the path of progress, and outline the zero-growth (and negative growth) areas of the city. You will be able to present charts and stats to your investors that prove to them that the investment is worthwhile.
Join us for 60 minutes of the most eye-opening real estate learning of your life.
What you need to do: You need to RSVP as soon as possible using the following link: https://thrivereia.com/webinars/how-to-pick-the-best-cities-and-neighborhoods-in-the-u-s-in-60-minutes-flat-for-your-multifamily-real-estate-investments/