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Attention guests and readers: Please be aware that this is not arranged in date order, just scan down until you see your speakers biography. Gracias, merci beaucoups!
JUNE 13TH MONDAY AT SPENGER'S RESTAURANT IN BERKELEY, MEADOWS CONDOS WITH TENANTS TO BE PRESENTED BY FOUNDERS DEVELOPMENT, INC. 7-10PM, $12 FEE
A team from Founders Developments Inc will present a unique
real estate investment concept for capitalizing on the rapid
growth in Las Vegas, Nevada
You will discover how individual investors can build wealth with
a proven method with condo conversions and realize positive
cash flow.
WHY INVEST IN NEVADA
•
"Between 2000 and 2030, the Nevada population is
projected to grow 114.3%" - Source: National Association
of Realtors
•
"Fastest growing state in the country" - Source: National
Association of Realtors
•
"Property appreciation topping 50% - Source: National
Association of Realtors
•
Unique investment opportunity to buy income producing
property directly from the developer
•
Save THOUSANDS OF DOLLARS in incentives from the
developer on units purchased during the seminar
•
You receive income whether your units are vacant or
occupied at the same time avoid hassles of dealing directly
with tenants
•
Unique financing opportunity for investors offered by a
preferred lender on units purchased during the seminar
(certain restrictions apply)
•
Investment opportunity in the "Meadows Condominiums"
a condo conversion consisting of 256 units in Las Vegas,
Nevada close to I-95 and just minutes from the
"Meadows Mall" and the "Strip"
Here is some information on the company:
Founders Developments Inc. was established in 1997 and
specializes in development and marketing of international Real
Estate for individual investor clients. Founders implements
professional marketing and sales infrastructure, operating
from its corporate offices in Las Vegas, NV, as well as through
its newly establishing branches in the UK, Israel and Far East.
In addition, Las Vegas contains the "Chapel Hill" project,
consisting of 280 units that made up the initial testing of the
shared rental pool arrangement.
Founders Developments Inc. prides itself of the quality of real
estate products it delivers and the management companies it
associates with. We value our clients as members of our
extended family and hope that you will choose to join us
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May 16th, the ABC's of "Tenancy- in -Common"
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Ann Culver Bassi has more than 10 years of experience in strategic partnership development, with the last two years focused on the San Francisco Real Estate market. She joined TD Financial in 2002 focusing on multi-unit financing. Prior to joining TD Financial, Ann served in positions in Product Management and Sales in the technology arena. Anne received her Bachelor of Arts from the University of California, Santa Barbara; Master of Science in Telecommunications Management from Golden Gate University; and M.B.A. from San Francisco State University. In her spare time Ann enjoys snow skiing, exercise, golf and travel.
ELIZABETH I HARRIS – TIMCOR Exchange Corporation
Elizabeth I. Harris has been with TIMCOR Exchange Corporation since 2002. She became a Marketing Executive with TIMCOR just under a year ago. TIMCOR has grown to become one of the nation’s leading 1031 exchange accommodators. We currently handle approximately 7,500 exchanges per year and have offices in Los Angeles, Houston, Chicago, and Miami. Elizabeth graduated from the University of San Diego with a Degree in Business Administration, with an emphasis in Marketing, Management, and Finance, as well as a minor in Accounting.
Elizabeth lectures on the topic of 1031 exchanges to various organizations. Most recently she instructed the Bakersfield Association of Realtors about how to successfully complete a 1031 tax-deferred exchange.
April 18th , Real estate investment trusts and 1031 Exchanges
Three Speakers to enlighten us tonight:
Richard Holtan - Introductions
Richard’s career began in the insurance industry in 1965. President, CEO and developer of Financial Services Investment Corporation of Nevada (FSIC) since 1984, Richard is also Director of Corporate Development and part owner of Integrated Trading and Investments, Inc., a full service securities broker/dealer located in Las Vegas, NV. He has been involved in the Real Estate Investment Trust market for the past several years. Richard will give a brief history on Real Estate Investment Trusts. Richard holds a series 6, 63, 7, & series 24 license with the National Association of Securities Dealers, Inc.
Allen Hirsch
Allen has over twenty years of experience in the equipment leasing and direct investment markets. Allen has held multiple senior management positions with ICON Capital and PLM International (general partner of a $1.3 billion investment portfolio) from 1985 to 1996. He has headed organizations that have raised and invested over $1.3 billion of investor capital in hard assets such as real estate and equipment leasing portfolios since1981. Allen earned his B.S. in Civil Engineering from the University of Illinois in 1975, receiving a MBA from Harvard University in 1980.
Matt Podolsky: V.P. Inland Real Estate Group, Chicago Ill.
Matt started his career in real estate in 1994 on the commercial sales and leasing side with Cushman and Wakefield of California, Inc. Prior to joining Inland Securities Corporation he was a vice president at CB Richard Ellis, Inc. Matt graduated from the University of Arizona with a B.S. in Regional Development/Urban Planning. He holds Series 7 and 63 licenses with the National Association of Securities Dealers, Inc. and a real estate license in the state of California.
TOPIC’s:
We will be speaking on Real Estate Investment Trusts (REIT’s) and 1031 Exchanges
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May 9th: Buy Real Estate with a guaranteed Lease Option Tenant
Speaker's Bio: Kevin A. Dunlap
Kevin has been investing in real estate for over 3 years. He got his start by reading Robert Kiyosaki’s book “Cashflow Quadrant”. Over the course of 3 years he has bought properties in 3 states including multi-unit buildings, rental homes and flips. As of today he has 17 units, all of which are currently rented.
Nearly a year ago Kevin and his business partner, Michelle, devised a unique way to buy properties. This technique has proven to be revolutionary yet almost to simple to believe. The idea has blossomed to the point in which both have started to devise franchising ways to expand into other markets, and aspire to take this overseas sometime in the future.
Subject Matter:
Buying Las Vegas properties w/ guaranteed Lease Option tenants.
We will discuss our revolutionary, yet simple, concept on buying properties in Las Vegas, and other cities, with a guaranteed Lease Option tenant that will be paying higher than average rent. These tenants will have higher respect for the property and have a higher chance of buying the property from you, thus cashing you out quickly.
Outline:
Part 1.) Why invest in real estate. (I may skip this first section if most people are fairly seasoned.)
Part 2.) Basic concept on how the program works & benefits to all parties and their responsibilities.
Part 3.) How each side Wins.
Part 4.) Exit Strategies
Part 5.) Financials – If LO Client exercises or doesn’t exerecise.
Part 6.) What if … scenarios
Part 7.) TRI’s current markets
Part 8.) More investor benefits
Part 9.) Referral program
Part 10.) Immediate Inventory Program
Part 11.) Contact us
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April 11th : \Guest speaker Edwin Yee is an experienced investor who has done many short sales transactions!!
Edwin (aka YesInvestor.com on RichDad and REI University) is the founder of VeryTop Corporation. The company provides proprietary deal flow, fund management and advisory services to several real-estate investment funds including GTI, JockeyFund, VeryFund and deal making groups such as All Star Financial, North Star Asset Management Co., MDI, DBI, WFI, etc.
Edwin's accomplishments include assisting several of the aforementioned companies to scale from zero to multi-million dollar of profitable transactions in one year or less. Its YesInvestor and CoTrust divisions provide individualized financial planning, advisory, and mentorship program and has already assisted a number of participants into early retirement at age as young as 28, 32, and 34!
March 14th speaker
:
Introducing Steve D’Allura with the following background and experience:
· Project/Asset Manager for new and existing shopping centers over 800,000 S.F.
· Fee Project Manager for commercial projects from land acquisition to completion.
· Leasing Manager and Agent for 11 shopping centers, industrial and commercial properties. Prepared strategic management plans with detailed budgets, wrote monthly progress reports.
· Fee Property Manager for three turnaround centers over 500,000 S.F., with annual operating and capital budgets over $ 3M.
· Assistant Vice President - Finance: evaluated and reported on proposed projects, monitored existing projects and company operations over $ 7B.
· Construction Superintendent for Apartment, Condominium and Single Family units.
Prior to opening up his own brokerage in 2002 in Tracy Cal, Mr. D’Allura was been associated with companies such as
John M. Grubb, Koll Management Services/Koll Retail in Pleasanton; Weyerhauser /the Quadrant Corporation;
And while in Pennsylvania, he worked as a Construction Superintendent, Accounting Instructor and CPA. Has an MBA in Real Estate Appraisal and Investment Analysis, University of Wisconsin while he graduated from Temple Universityin PA obtaining his MBA and Bachelor’s degree in Accounting.
COMMERCIAL REAL ESTATE 101
1. PROPERTY TYPES-The Good, bad and ugly
Retail
Office
Industrial
Land
NNN is it a property type?
What are the characteristics of each, what is critical with each property type, how might return differ with each type?
2. SIMPLIFIED FINANCIAL ANALYSIS
Just what are you buying?
Cap Rates = Return, its’ that simple. Return vs work vs risk.
Financial Statements, projected and actual.
3. THE CURRENT MARKET
CURRENT CAP RATES
AVAILIBILITY
COMPETITION, Owner Users, 1031 Buyers, Investors, Developers.
LEVERAGE
4. SENSITIVITY ANALYSIS
What happens if Cap rates go up? By property?
What happens if your projected Financial Statements are wrong?
5. THE PROCCESS OF BUYING A COMMERCIAL PROPERTY
The contract
The information
The due diligence
6. MANAGING YOUR PROPERTY
Can I totally delegate?
Property management vs. Leasing
Institutional or local ?
What do I do if my property gets in trouble?
Bio of Mark Sumpter, How to buy discounted real estate and how to do short sales? April 11th
Mark Sumpter was born and raised in Los Angeles, California. He attended Central Missouri State University, where he pursued a degree in Criminal Justice and was eventually hired as a police officer by the Kansas City, Missouri Police Department.
While Mark enjoyed being a police officer, the long hours associated with his assignments didn’t allow him to live the quality of life he wanted for himself and his family. In his first year investing in pre-foreclosures, Mark acquired $496,000 in pre-foreclosures within the first 90 days, using none of his own money. Although Mark holds property for great cash flow, his passion is short sales in the pre-foreclosure and short sale arena.
Now, a former officer, Mark has developed the most comprehensive systematic approached to buying and selling pre-foreclosures available. Using his current system and only one full time assistant, he as perfected the art of short sales like no one else has. At one time, Mark and his assistant were handling 88 short sales at one time. The only possible way was using a system.
The system Mark wants to share with you is the same system he uses in his business every day. Whether it’s eight deals or 88, his system allows you to make money in the pre-foreclosure world. Mark’s specialty is buying pre-foreclosures. He and his staff are well-respected and sought after in his market.
Hot Waikiki, Hawaii Market now and in the future... April 25th .. outline to follow !
RESUME
DON G. BAXTER, MBA, R, CRI
EDUCATION:
Degrees: MBA, BA, University of Southern California
Major: Business Management and Marketing
PROFESSIONAL REAL ESTATE EXPERIENCE:
Hawaii
Real Estate Appraiser, 2003 to present
Certified Real Estate Instructor, 2003 to present
Licensed Real Estate Broker, January 2002 to present
Licensed Sales Associate, February 1998 to 2002
California
Owner/Principal Broker-Century 21 All Realty, 1982 to 1997
Pre-license Instructor, 1984 to 1997
Licensed Broker, 1981 to 2001
Licensed Sales Associate, 1979 to 1981
PROFESSIONAL AFFILIATES:
Coldwell Banker Pacific Properties
Kailua, Oahu, Hawaii
Lawrence Appraisal Group
Kailua-Kona, Hawaii
Feb 28th Mon 7-10PM, EmeryNet Wealth Discussion Group presents 3 great speakers:
Real Estate issues in your LLC, S Corp and C Corp by Atty Bruce Methven and a second Topic Creating your CashFlow in your Portfolio by Bob Honer, VP and Mike Sarwari with UBS .
BOB HONER, VP
Bob Honer has been with UBS Wealth Management as a Regional Lending Manager / Divisional Vice President since 2003. Prior to UBS, Bob served in a similar capacity with Prudential (Wachovia) for nearly 5 years after spending over 10 years as a commercial banker, primarily with Wells Fargo and WestAmerica Bank. Bob’s functions with UBS include educating and consulting clients on their liability management needs. Bob obtained a BS in Business Administration from the University of Southern California and holds an MBA in Finance/Marketing from the University of San Francisco.
Mike Sarwari Bio
Mike Sarwari is a businessman offering 13 years of success underscored by a wealth of expertise in both corporate settings and entrepreneurial ventures and an outstanding background in information technology and healthcare. During the last few years, Mike has focused his attention on start-up operations, and has been a strong contributing executive in all undertakings. As an entrepreneur-spirited businessman, Mike understands well the concerns of business owners.
Mike is well versed in investment strategies, is experienced in conducting due diligence and has personally invested in several organizations. Mike is an outstanding businessman whose background encompasses all aspects of business operations, including sales and marketing, business technology, corporate finance, P&L management, strategic alliance, channel distribution, staff harvesting, e-commerce, and more. Mike Sarwari is currently a licensed financial advisor with the investment firm of UBS Financial Services, Inc., in Walnut Creek, California.
Mike graduated from the University of Nevada in Reno with a Bachelor of Science degree in Biology and has a Masters of Business Administration degree from Pepperdine University.
ATTY. BRUCE METHVEN
Real Estate Investing Issues IN YOUR BUSINESS ENTITIES, please read before coming to the meeting to be prepared and ask questions, more complete version at Bruce E. Methven, one of three attorneys with the law firm of Methven & Associates (www.methvenlaw.com), specializes in representing businesses. He frequently advises clients on choice of entity (LLC’s, Subchapter S corporations, etc.) and has formed myriad business entities. In addition, he and his firm provide borrower’s counsel opinion letters for Fannie Mae loans and advice to clients on real-estate matters.
Bruce is an arbitrator with the American Arbitration Association and a mediator with the Alameda County Alternative Dispute Resolution program.
Bruce has served on the board of directors of Junior Achievement and the Multimedia Development Group, a trade association based in San Francisco. He founded and for three years chaired the Intellectual Property and Computer Law Committee for the Alameda County Bar Association. Currently he is President of the Entrepreneurs Resource Network (www.entresource.org), a non-profit trade association that provides monthly speakers and monthly legal seminars for entrepreneurs.
Bruce attended M.I.T. and graduated from UC Berkeley prior to entering UC's Boalt Hall School of Law, where he was a member of the law review. He has practiced law in the Bay Area since 1980.
1) Tenancies in Common, advatages, disadvantages,
c) Forming Investor Entities
2) Number of Properties in an Entity
Many people feel high-risk properties include:
i) Condominium development or conversion projects.
ii) Projects that involve significant construction.
iii) Any type of rental property.
3) Choosing the State Where the Entity is Formed
AND MANY MORE....!!!
Karen Davis, GRI, Jan 10th, 2005 First Time Home Buyers Tips
Karen Davisfirst obtained her license to sell real estate in 1981. She has been a top producing Realtor® and Realtist®, and was affiliated with Nakamura Realtors in Berkeley, Glenview Realty in Oakland, and Mason-McDuffie/Prudential CaliforniaRealtors in Oakland. She obtained her Graduate, Realtors Institute (GRI) designation in 1989. She is now the Account Manager for the Berkeley Office of Placer Title Company.
Prior to selling real estate, Karen was an Escrow officer with Safeco Title Insurance Company in Montclair. Prior to becoming an Escrow officer, Karen was a loan officer and the branch manager of the secondary mortgage office of Advance Mortgage Corporation in Emeryville, where she had previously been involved in mortgage servicing.
Karen is married to Louis Davis, licensed contractor/owner of DavisPaintingand Decorating. This year they will celebrate their twenty-fifth wedding anniversary. She is the proud mother of two daughters and three sons, the youngest one of whom is currently a freshman at BerkeleyHigh School.
Karen is a choir member, a class leader and a Trustee at First African Methodist Episcopal Church of Oakland, where the Rev. Dr. Harold R. Mayberry is Senior Pastor. She is Chairperson of the BerkeleyAssociation of Realtors Special Events Committee, and has been voted Affiliate of the Year for that organization. She is regularly called on as a guest lecturer for the Real Estate Practices classes at Merritt and ChabotColleges. She was the 2004 Second Vice President of the Women’s Council of Associated Real Property Brokers, and is the incoming First Vice President for ARPB. She is an active member of Women’s Council of RealtorsEastBayChapter, was installed on December 16th as their 2005 Vice President of Membership.
Karen’s extensive background in all aspects of residential real estate provides her with the knowledge she enjoys sharing with agents, home buyers and home sellers through workshops and ongoing classes. She has recently been promoted at Placer Title Company to the position of AlamedaCounty Trainer, and will begin that position in January, 2005.
Magany Abbass, Attorney and Counselor at Law Jan 17th, Foibles and Traps for the Wary Investor
Ms. Abbass has a Juris Doctor from John F. Kennedy School of Law and a Masters of Law in International Legal Studies from Golden Gate University School of Law in San Francisco. She is certified by the State Bar of California as a Speaker on Senior Scams.
Her law practice includes probate, estate planning and real property matters. She practices law primarily in Alameda and Contra Costa Counties. Ms. Abbass has law offices in Oakland and Lafayette. She has substantial experience in California Probate matters.
She plans to share her probate expertise as it relates real estate investors. The title of her presentation is Foibles and Traps for the Wary Investor.
Michael Williams, Jan 17th, Tax Liens Tax Deeds
http://www.realestateinvestingexpo.com/michael_williams.html
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