Tuesday, October 31, 2017

This Week Open Group Discussion

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Hello Everyone,

This week at REI will be Halloween night. Not all of you will be Trick or Treating so the meeting is still scheduled. We expect it to be a small group and we will talk about whatever real estate investment topics come to mind. Maybe a conversation on real estate in disastrous hard times of high inflation or deflation would be interesting for a Halloween discussion. 

Preparing for the worst. Pay down your debt or add to it? Deflation vs inflation… Effects on tangible assets. Equity investments... 

What economic conditions WILL destroy a hedge investment such as real estate? 

See you there!

Tuesday, October 17, 2017

Stories and Advice from a Roanoke Landlord Icon

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Hello Everyone,

We’ve got a great meeting lined up for this week! I’m pleased to announce that we will have our good friend Dick Dearing as our special guest speaker.  

Dick has been in the landlording business from what I understand back in the 1970’s and has a significant amount of valuable experience under his belt. He’s been involved in many forms of landlording including residential, commercial, warehousing, etc. I always learn something talking to him as he is full of good solid advice most often through fascinating stories he has accumulated through his time in the industry. 

It’s going to be a fantastic meeting so if you have other plans… change them.

We’ll see you there!

Monday, October 9, 2017

Analysis of Wholesale Deals This Week At Real Estate Investors of Virginia

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Hello Everyone,

This week our guest speaker will be our friend and member, Frank Erhartic. Frank is going to lead a discussion on wholesale deals. We will do an analysis on these types of properties that you get from wholesalers to determine if it’s a good or bad deal. This meeting will also help new wholesalers determine what their sales price should be. 

We’re going to break it down in at least 2 categories. 

1. A rental could make a great rental at the right price but a terrible flip as it may not be in the right neighborhood. 

2. A flip that was intended to be a flip that didn’t sell and was turned into a rental as a plan B could be a very bad deal and not cash flow. Which is why we have different buying formulas depending on if you are using the property as a flip or a rental. 

Come on out... It will be an interesting meeting to learn the groups different perspectives on the topic. 

A primer on this topic is here: Don’t be a sucker and pay too much. That’s to both you investors and wholesalers. Wholesalers, if you are getting rich off some fool paying you too much for every deal, their empire will eventually collapse due to being over leveraged and you will have to continually find new buyers. Not a good way to do business by driving someone financially into the ground. You’re best off being on the up and up and treating your buyers well by using your negotiation tactics to get the right price so everyone can make a little money. 

We’ll see you there!

Tuesday, October 3, 2017

Melvin Hill For Commonwealth Attorney, This Week at Real Estate Investors of Virginia.

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Hello Everyone,

Our special guest speaker this week will be attorney Melvin Hill who is running as the Democrat candidate for Roanoke Cities Commonwealth Attorney. Melvin will be up against Independent incumbent Donald Caldwell. 

We also will likely have a moderated group discussion about various topics pertaining to real estate. 

Come on out and spend some time with educated like minded people just like you! We’ll see you there...

 

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