Category: Past Meetings

Cover Your Ass (ets) with Davis and Travaglini

Date: July 18, 2019

We are having fan favorite attorneys from Davis & Travaglini back at the club this month. Kathy, Christine & Chris are passionate about helping landlords maximize profits on their rentals while staying within their legal rights. They have some hilariously funny stories from being in the courtroom for so many years. Their specialty is in landlord – tenant law. If you have rentals or think you might one day you need to come out to the club this month so you know your rights. After hearing them speak you are going to want them on your team to help deal with the inevitable tenant issues you will encounter.

What is the craziest story you have heard a landlord do to get a tenant out of their house? The one I have heard a lot is, “I just take the front door off the house.” Well, that is not legal. The other one I used to hear a lot is, “I’ll just turn off the water or electric”. Yep, you guessed it, not legal either.

These guys know what is legal and the quickest, most cost-effective way to get that bad tenant out of the house so you can get it re-rented to an awesome tenant. Also, they come with lot’s of tip on how to attract and retain the best tenants.

PS Attn: Rehabbers and Wholesalers – This applies to you as well! How do you legally remove a stubborn (previous) owner or worse yet a relative of a the previous owner, after you purchase a property?

Bryan’s Journey to Financial Freedom Thru Real Estate!

Date: June 20, 2019

Bryan has had a huge desire for Financial Freedom ever since meeting Robert Allen back in the 90’s. Robert had an income stream WAY greater than his monthly expenses. He didn’t have to work another day in his life if he didn’t want to. Bryan thought, “holy shit, that would be a game changer.” At the time he was living pay check to pay check as a real estate appraiser.

Then one day in 2002 at breakfast he and his business partner Jim Stiegemeier decided to quit their jobs and jump into Real Estate Investing Full-Time. At first it was two men and a truck (Jim, Bryan and a Toyota Tundra) flipping one house at a time.

In one sense this gave a ton of Freedom. No boss, no time clock, no schedule. Just find deals, rehab then and sell them. Hopefully, for a HUGE profit. There were challenges along the way but they were WAY outweighed by the FREEDOM! But he wanted more…….

He wanted that income stream that came in whether or not he found that next deal. This is when they started buying rentals. One or two every month for the next 12 years. Damn, that is a lot of houses! Every time they bought another house, as long as it cash flowed, they increased their income. This is how Bryan eventually found Financial Freedom.

Come out to the club on June 20th. He is going to share some hilarious stories from the journey along with some incredibly valuable lessons he has learned over the years. Lessons that you can use in your business today whether you are a new real estate investor or if you have been in the business for many years.

Bryan loves to share what he has learned in the hopes to help others who also have that strong desire to find Freedom!

Mo’ Money. . .Mo’ Deals! Find out how to tap unlimited funds for your deals!

Date: May 16, 2019

Everyone says “You find a deal and the money will appear”, but really is that true?

YES!

If you have a true deal there is money everywhere.  The bigger question is what is the right money to go after for a given deal.

• What is the best money to go after if I’m a rehabber? 
• What if I’m a landlord that fixes the house first then places a tenant? 
• What if I just do “buy and hold” rentals? 
• What if I’m a wholesaler that just needs money for a couple of weeks?

You can do it all with just your own cash but will that reach your real estate goals?  Probably not!

So, how do you decide what source of money to use for a given deal? 

There are several different sources of money for deals.  Suzanne Hunn with FasterFunds Lending and her expert panel of Tim Nash of American Bank (local banker) and John Heinkel with USA Mortgage (mortgage broker) will be explaining how you can leverage various types of funds to reach your goals faster.

There are many variables or factors that go into which type of financing is best for a given deal:

• Are you going to live in it or is it strictly investment?
• How long you plan to own it?
• How fast you need to money to fund the deal?
• How many current personal real estate loans do you have?
• What area is the property in?
• Do you buy using an LLC, other type of Corporation status, or your personal name?
• Are you currently a W-2 wage earner or self-employed?
• What type of property is it?  (single family residence, multi-family, apartment complex, etc…)
• How often do you buy or how many deals do you want to purchase in a year?

Once you figure out your overall approach to real estate investing then it is much easier to know what type of financing or combination of financing will be optimal for you.

Suzanne and her expert panel will be covering different strategies that you can use a real estate investor which can really accelerate your net worth and monthly cash flow!

One such method that uses leverage is the BRRRR Method.  This is where you purchase a house, fix it up, place a tenant, then refinance the short-term construction loan for long term mortgage loan AND pull out the funds you personally have tied up in the property.

Then you do it again! 

Buy, Rehab, Rent out, Refinance, Repeat (BRRRR Method)

What if you are a rehabber?  Now you need money for the purchase and the fix.  How can you do that without using all your own money? Or how can you strategically use your own money and not have to go through construction disbursing.

Well, I have to leave a little cliff hanger.  Come on out May 16^th and Suzanne will tell you exactly how to fund that type of deal and more!

A Peek Behind the FasterHouse Flipping Curtain

Date: April 18, 2019

Join us in April while Sam Primm takes a deep dive into the FasterHouse Flipping team and how we buy and sell houses!

Sam will be sharing a few case studies of deals FasterHouse has done. Along with walking us through the process of what we do on a daily basis to get deals from the very beginning (marketing)…to the final closing table.

He will have real examples and real numbers! He will also share some funny stories along the way and really give people a chance to get to know our team and our processes.

Alternative Asset Investing: Leveraging Self-Directed IRAs

Date: March 21, 2019

We are excited about having Kent Kinzer with Equity Trust presenting on how to leverage self-directed IRAs!

Self-Directed IRA/401(k) investing, although widely misunderstood and underutilized, allows investors to architect a diversification strategy with assets often not found in traditional asset allocation models. Assets including, but not limited to, real estate, mortgage notes and trust deeds, small businesses, joint ventures, private equity, and precious metals. Kent Kinzer with Equity Trust will be covering:

-7 types of tax-advantaged accounts available at Equity Trust

-What type of self-directed IRA investments are allowable by the IRS Real-life case studies of self-directed IRA success

-Answers to other common questions about how the investment process works and what documents are required

Equity Trust Company offers a comprehensive self-directed IRA/401(k) educational program, providing useful tools, resources, and insight into the methods used by Equity Trust’s 130,000+ clients. The tactics discussed will demonstrate methods to potentially eliminate capital gains tax and ordinary income taxes within your real estate and or alternative investment assets through tax-advantaged retirement accounts. Attendees have the opportunity to leave this training with the knowledge and guidance to formulate and implement alternative investing into their financial plan. We look forward to seeing you there!

Mark your calendars for March 21st!

Share the Evening with a Local Successful Real Estate Investor – Bryan Schroeder

Bryan Schroeder is going to sit down with his Life and Business Coach Mike Kitko and share his story from being a beginner real estate investor to flipping well over 1000 houses, building a portfolio of 130 single family rentals and growing a hard money lending business.

Mike is an incredible interviewer who is going to bring out the stories, challenges and successes Bryan has had in his 16 year career in Real Estate Investing. There are no secrets. Everything will be covered including but not limited to:

• How he got started
• Who were his early mentors
• What was his biggest challenge
• How to buy houses with no money or credit
• How he built a portfolio of rental property worth over $10,000,000
• What aspect of investing he enjoys most
• How he navigated the financial crisis in 2008
• Where he believes we are in the market cycle
• How to take advantage of 2019

You will have time to ask your questions as well. So come on out to the big white tent in New Town on January 17th at 6:00 pm. There will be plenty of like-minded real estate investors to network with to help you grow your business in 2019.

Wholesaling Secrets! How to Make Money in the St Louis Market

Date: February 21, 2019

If you’re interested in buying and selling homes in the St. Louis area then you need to attend this meeting – right here in St. Louis!

Chris has had students that make $5,000 – $10,000 in the first 60 days! Let him show you how they did it, and you can do it too!

As a local investor, Chris has worked in OUR neighborhoods and with our people. This isn’t some national road show and a pitch, these are real techniques you can use right here and right away!

Yes – what he’ll share with you will completely change the way you look at the world of real estate.

He has spent 20 years working in the St. Louis market – that’s hundreds of deals. He does a great job showing you what works right now in St. Louis!

Chris is having a 3-day training March 1-3, 2019. If you are interested sign up online at www.STLInvestorAcademy.com/bootcamp

This is the one everyone waits for every year. Bryan and Debbie Schroeder are going to explain how they grew their rental portfolio over the last 14 years from nothing to a wealth building, cash flow generating portfolio using very little of their own money.

• Presentation Overview
• Haves and Wants
• Handouts – Checklists and Forms

Presentation Overview

Bryan will be going over:
* Big picture of how they approached rentals to reach their goals for retirement plus leaving a legacy.
* How they determined where to purchase their rental houses.
* What type of houses have been working out the best for them over the years.
* Should you use leverage to grow your portfolio
* And what the numbers look like over time.

Then Debbie, Lori, and Scott will be covering the day to day rental tasks & procedures to make it run like a well oiled machine.
* How to advertise rentals
* How to screen tenants
* Services they use to make showing and payments a breeze
* How to keep good tenants
* Special last step before they actually accept and sign a new tenant that will help avoid a person that puts up a good “interview” front but can be a nightmare once in your unit.
And so much more on what they run into and how to handle it.

There is a reason they have a 95 to 97% occupancy rate month after month.

If you are even thinking about adding rentals to your real estate investing this is a “most attend” meeting!

Haves and Wants

Haves-Wants 11-29-18

Virtual Handouts

Here are the handouts that Debbie, Scott and Lorie went over during their presentation:

FHBC 4 Star Properties Processing the Application 11-15-18

FHBC Checklist for processing a tenant application

FHBC Denial Based On Credit Report

FHBC Move In Process

FHBC Move Out Process

FHBC Rental House Rehab Checklist New

FHBC Rental Move-In and Move-Out Checklist