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We are now updating our meeting information on
our blog site
www.SBREIA.blogspot.com
You must RSVP to attend
The information below are past meetings
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Doug Carver - Zero
Down REO's
Your prosperity partner,
Douglas Carver, Managing Partner
Fulcrum Wealth Partners
Direct: (626) 542-2712
Doug@FulcrumWealth.net
www.FulcrumWealth.net
- Key Zero Down REO Investment System Benefits:
- True $0 down program, no costs and no fees
- Completely rehabbed, and rent-ready
- One year home warranty
- Fully tenanted with a 6 month rent guarantee
- Property management in place
- Monthly positive cash flow
- Minimum of $20,000 equity per deal
- "Turn-key" investment system
Doug Carver - speaking on his Zero Down REO's
at our Denny's location - 5677 Calle Real, Goleta CA
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Joe Brownholtz -
Nouveau Riche - Independent Regional Advisor
Our last speaker Joe Brownholtz gave us a great run down on Nouveau
Riche. Please access his links below for more information and give
him a call with any questions.
Joe Brownholtz
661-808-6112
Independent Regional Advisor
Nouveau Riche
www.nouveauriche.com -
Corporate
www.investorconcierge.com
-
Investment Properties
www.nruimin.com -
Income Opportunity
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We have missed a few months updating
this meetings and speakers web page. We will go back and pick up a
few that we missed.
Speaker 1
Clay Schlinke
www.TesoroHomes.net
San Antonio Cash Flow Properties!
CASH FLOW, EQUITY
AND APPRECIATION
Unlimited
Opportunity!!
One of the
fastest growing job markets! Lower business and lifestyle costs than
comparable cities! A well educated productive workforce!
Unlimited
Opportunity!!
Speaker 2
Tom Wheelwright
www.ProvisionWealth.com
How to Structure Your Real Estate for Maximum Tax
Benefits
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Tom is a CPA and tax strategist so,
of course, I was picking his brain on taxes!
I asked Tom , "What is the #1
question you get from real estate investors? " Here is what
he shared:
The
#1 question is always centered on "How do I structure my
real estate? " |
It gets asked in different ways, but the heart of it
is structuring. Here are some of those questions:
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What entity should I use
if I own investment rental real estate?
-
Is the type of entity
dependent on the state I live in? Or the state where the property
is?
-
Should my real estate be
in a sole proprietorship, partnership or corporation?
-
How many properties
should I have in each entity?
-
Do I have to file a tax
return for each entity I have?
-
What if I can't get a
mortgage in the name of the entity?
-
What entity should I use
if I have fix and flip properties?
-
How should I structure
my real estate if I partner up with someone to buy the real estate?
For added discounts contact Don Jo from REIN Club for
any purchases or questions from these speakers
818-889-6006 x105
Don@reinclub.com
www.reinclub.com
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Terry DiMizio -
Pacific Riviera Mortgage - Real Estate & Loan Broker -
Is our next speaker and will spend
one full hour giving us details on the current mortgage industry, where
it stands, and what to expect. She will answer your questions so
make up your list and be there for some good information. Terry
will also be providing us with lunch so RSVP please.
www.TerryDiMizio.com
Items Covered:
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Current
Financing Market for Investment Properties
Income / Asset Documentation
Loan To Values and Maximum Loan
amounts
Credit Reporting with regards
to income properties
Declining Market Values
-
How a
lender qualifies and investment property for income purposes
-
Importance
of Pre-Approvals & Pre-Qualifications
-
Understanding
Pre-payment penalties
-
Upcoming
changes
Hello all
members
of the Santa Barbara Real Estate Investors Association,
We are having our Next SB-REIA
meeting Thursday February 28th 2008 from 12 to 1pm
The speaker this month will be Terry
DiMizio from Pacific Riviera Mortgage.
Terry will spend one full
hour giving us details on the current mortgage industry, where
it stands, and what to expect. She will answer your
questions so make up your list and be there for some good
information. Terry will also be providing us with lunch so
RSVP please.
The event will once again be
graciously hosted by Judy Rattray
at First American Title. In
order for Judy to prepare we
need to have an RSVP from you by 10am Wednesday
27th 2008. We only have about 20 seats in the
boardroom so the first 20 to RSVP will get a seat.
We are now up to 96 members so you know what that means, first
come first serve. This meeting will have a free lunch
provided to us by our speaker Terry DiMizio so you
need to RSVP to get your lunch and a seat. There will be a
lot of free educational information to
help move your financial freedom forward.
Location:
First American Tile
3780 State Street
Santa Barbara CA 93105
Upstairs -
Map Location
We look forward to seeing you and thank you for being a
member of the Santa Barbara Real Estate Investors Association,
where anything is possible.
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Dan Ringwald - Owner
of National Home Buyers, LLC -
Will do a small intro hands on lab
class on how to Buy and sell real estate on a National level
www.NationalHomeBuyersLLC.com
Items Covered:
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Credit
scores & reports - Once a year
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Setting
up IRA accounts - 2 out of 10 homes
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Locating
pre-foreclosures Craigslist, US Land, Realtors, web sites
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Tracking Progress - Google
Docs, Yahoo Groups, Foreclosure Client Manager
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Purchasing - Short Sales,
Subject to, & REOs
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Short
Sales - Loss Mitigation, structuring offers
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Appraisals
and property values Zillow, Electronic Appraiser, Deal Closer
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Purchase
and Lease agreements - Accessing files on SB-REIA Yahoo group
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Loans
and Lenders Stated income and market direction
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SB-REIA
lab classes What it will take and how it will work
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Equity Trust Company -
Buy and sell real estate "TAX FREE"
out of your IRA
www.TrustETC.com
Items Covered:
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Introduction
to self directed investing
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Retirement Plans: What are my options?
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Rules and Regulations: The facts I need to
know
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Investments: How to process your
transactions
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Private Bank: Unlimited funds for your
deals
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Glenn R. Wilson -
of
www.ABWTax.com
will spend a full hour with us
Items Covered:
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Real
Estate Investor since 1972
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Established a System for small Real Estate
Partnerships
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Profits measured in 100's and 1000,s of Per
Cent
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Learn how to create unlimited profits in RE
with little or no money down
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How to find Partners
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Has had over 85 properties, most with
partners
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Dustin Hahn -
from
www.SuccessIndustries.com
will spend a full hour with us
covering tax liens
Items Covered:
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What
are government secured tax liens and how do you buy them
-
how to purchase and profit off of tax lien
and deed certificates
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How to earn a government secure 8-24% on
money you want to invest
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How to purchase properties all over the USA
for the back taxes
-
How to access the proper information to
find the best deals
-
The areas that have the biggest profit
potential
Dustin Hahan
The meeting room and some of the SB-REIA Members
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Items Covered:
Thomas
Kish - Unsecured lines of credit for purchasing real estate - 30 min
-
We will have an
excellent 30 minute video of what Thomas Kish has to offer, and an
example of the products as purchased by Dan Ringwald and his
experience having actually used the system.
Click on this picture for more information
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Dan
Ringwald & Dustin Hahn - Pre-Foreclosures in
Santa Barbara, Ventura, and national - 10
min
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Dan
Ringwald - A preview of October's meeting on purchasing Real Estate
using Private Lenders- 5 min
- Dan
Ringwald - A preview of November's meeting on purchasing Real Estate
Tax Free out of your IRA - 5 min
- Dan
Ringwald - A few words on using our free SB-REIA Yahoo Group for
members - 5 min
- Dan
Ringwald - A quick reminder on the Scott Williams Fess Parker Event
- 5 min
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Items Covered: Pre-Foreclosures By Dustin Hahn from
www.successindustries.com
- Learn How
Motivated People
- Make
$10K To $25K On Real Estate Transactions
- With No Risk, No
Leverage, And No Credit
- How To Start With No Cash Out Of
Pocket And No Leverage
- How To Make $10,000 To $30,000 On
A Real Estate Transaction, Risk Free
- How To Find Profitable Real
Estate Deals Even In Down Markets
A number of us signed up for Dustin Hahn's class and it was an excellent
day with lots of information and hands on training lead by Dustin.
It was held at the Hotel Santa Barbara,
www.HotelSantaBarbara.com
a It was a fantastic location right across the street from
the beach, beautiful views of the ocean and a picture perfect Santa
Barbara summer day as seen below. We have now formed a team with
Dustin Hahn to work on pre-foreclosures in Santa Barbara and Ventura
counties.
Dustin Hahn role playing with SB-REIA member Moon Lee
The class, students, and my lovely wife Maria Ringwald
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Back by popular demand for this months meeting is our guest
speaker, Len Jarrott. He has been in the real estate business
and a local in Santa Barbara from 1969 to the present. He has a
wealth of experience and information to provide and has shown us
that he is a very good and entertaining speaker. He also
teaches a number of related classes at the Santa Barbara City
College and runs his real estate business from his office in
Santa Barbara.
To learn more about Len Jarrott
or contact him see his business web site at the link below.
www.Jarrott.com
The information he will cover
will be very brief due to the amount of time
which is only one hour. If you would like more in depth
information please see his courses on the Santa Barbara
City College web site link below and sign up.
http://ce.sbcc.edu/business.htm
Items Covered:
- Lease
with an option to purchase and some of the other 110 ways
to buy Real Estate -
Len Jarrott
- North and South Carolina commercial
investments -
Len Jarrott
- Lunch
meeting at First American Title - By Judy Rattray
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Items Covered:
- IRC 1031 Tax
Deferred Exchanges -
Len Jarrott
- Management Free Properties from
Exchanges - Len Jarrott
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Items Covered:
1. Lunch meeting at First American
Title - By Judy Rattray
2. Double escrows on pre-foreclosures - By Cathy Tajima Rattray
3. Update on FAT Sureclose like tracking - By Judy Rattray
5. Cash flowing rentals with Option ARMs - By Dan Ringwald
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Items Covered: See the
FA Title page!
1. Access to property profiles via First American
Title - By Judy Rattray
2. Access to pre-foreclosures via Santa
Barbara County records - By Judy Rattray
3. Meeting room - computer
access to educate our members - By Judy Rattray
4. Wireless access so others
can bring and use a laptop - By Judy Rattray
5. Discussion on Sureclose by Stewart Title and First American Title
similar offering - By Judy Rattray and Dan Ringwald
6. Pre-foreclosures how some of this is done on a national level - By Dan Ringwald
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Items Covered:
1. Meeting current and new members and going over details for
experience and interests.
2. Covered the sign up process for our Yahoo group and how
that works.
3. Dan Ringwald covered funding deals, credit issues, using LLC's
for unsecured lines of credit and not using personal lines of credit as
per Tom Kish at the link www.canitbe.com/cash
4. Dan also discussed short sales, how to find them and locate
the owners using www.Foreclosure.com and
www.ZabaSearch.com.
5. We forgot to give out the door prize which had to do with
the multiple business opportunities found at Dan's link
www.DanRingwald.com. Some
tapes and CD's on the business were given out to Kymberly Evans and Mark
Williamson.
______________________________________________________
Notes of the meeting taken by Alicia Sotelo Winker
Items Covered:
1. The SB-REIA meeting started at approximately 7:20pm. There
was a discussion about printing name tags. No one took on printing
the tags.
2. Next the conversation was about creating the organization
as a nonprofit and assigning board members.
3. Dan Ringwald talked about the National REIA and stated we
joined the group. He also mentioned our web address is
www.SantaBarbaraREIA.com.
The National organization is having a cruise from 2/11-2/18 from
Florida and the cost is $875/pp.
5. Currently the meetings have been held at the Ringwald's
home and we talked about other possible locations as the group
grows.
6. Each participate introduced themselves and stated where
they are with RE. Dan, Mark, Clark, Linda, Jim, Nancy, Kimberly,
Maria, Zach and Alicia were in attendance. We are all partners in
prosperity.
7. Dan talked about Portland Financial and how they find
buyers for our properties along with providing leads. The group
also shared strategies for buying properties. Some of the ideas
mentioned:
-Carry back
-Write a letter
-multiple options in offer
-ask lots of questions
8. A discussion was given regarding a short sale.
9. The door prize for the evening was The Millionaire Mind
Intensive CD's (16) by T. Harv Eker. Clark Stirling was the luck
winner of CD's.
Door prize
- Received by Clark
Stirling, left, Dan Ringwald right
Clark will get back to us with an update
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Items Covered:
1. Introducing members with their experience, services, and goals
2. How to locate pre-foreclosures and exit strategies
3. How to use our free REIA Yahoo group and features
4. The first look at our new
www.SantaBarbaraREIA.com
web site!
5. A call for help moderating the
SB-REIA
Yahoo group
6. Enrolling members for free tutoring on finding pre-foreclosures
through
www.HomeSaversToday.com
Door prize
- Received by
Alexandra
Willams-Rouzer
Rick Edelman Book - Ordinary People, Extraordinary Wealth
Please go to our Education page for the
rest!
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Items Covered:
1. Naming the association
2. Setting up a free Yahoo group for communications
3. Contacting www.NationalREIA.com
for membership
4. Set up
www.SantaBarbaraREIA.com web site by next meeting
Door prize
- Received by
Kimberly Williams
T Harv Eker book,
Secrets of the Millionaire Mind. It includes a certificate for two
people to attend a 3 day event from
www.peakpotentials.com
Kimberly will get back to us with an update
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