Boulder County Real Estate Investors (BCREI) Previous Meetings 2007:

December 4 (Tuesday):

Panel on "Creative Investing Strategies for Dealing with the Sub-Prime Meltdown "

Panel tentatively will include:

  • Marty Leuthauser
  • Mark Oberholzer
  • Dave Williams
  • Dave Burke

15-Minute Speech by Business Member Mark Oberholzer: "How Colorado's New Foreclosure Laws Affect Investors"

The Colorado Legislature has been hard at work and investors need to pay close attention or risk facing fines or even jail time. The Foreclosure Protection Act went into effect this past summer and there are new chages coming in January of \'08. You will learn about the basic structure of Colorado\'s foreclosure system, some of the pitfalls investors need to avoid, and how the new laws affect you.

December 8 (SATURDAY):

Annual Holiday Party:

 Thanks to Uwe Stepanow and Diane Haller, of Sweet Rose Properties, LLC, who will again be hosting in Diane's home. 

Saturday Evening,

December 8 is the date!

6pm is the time.

 

 BCREI buys fruit and vegetable trays and pop, and we welcome your potluck sharing as well.  This is a "bring your own beverage" event, if you desire other drinks. 

 

We do need a headcount, so kindly rsvp Kathy at 303-916-1312 by Thursday evening, December 6.

 

 Diane's Address:

1145 Atlantis Ave.
Lafayette, CO 80026

Click Link Below for a Map   

http://www.mapquest.com/maps/map.adp?formtype=address&country=US&popflag=0&latitude=&longitude=&name=&phone=&level=&addtohistory=&cat=&address=1145+Atlantis+Ave&city=Lafayette&state=CO&zipcode=80026

You can call Uwe at 720-935-3400, or Diane's home phone at 303-664-0906 if you have any trouble finding her home that evening.

November 6:

Incredible Opportunities at the next BCREI meeting:

Featuring Richard Roop, “The Marketing Genius”

At our next meeting, Richard Roop will join us and share his “ultimate real estate investment strategy” for real estate entrepreneurs. Regardless of the climate in the lending industry or your local housing market, this new strategy can help you start consistently buying houses that:

1)  Generate cash profits immediately on the day you buy…
2)  Give you predictable cash flow each month… and
3)  Provide you with incredible backend paychecks.

The real estate investment opportunities for this approach are plentiful and they don’t require any of your own money or credit to fund them. That’s right. You can buy houses with tons of equity with no money down and no bank financing. It doesn’t matter whether you’re in a normal market, a buyer’s market or a seller’s market.

Tim Conarro: “Denver Real Estate Trends”

We will also have one of our own members, Tim Conarro, presenting for 15 minutes at the beginning of the meeting. His presentation will focus on the quarterly price change & foreclosure map for Metro Denver, by knowing the strength and weaknesses you will become a smarter investor, & the risks and rewards of buying rental homes in Denver under 100k.  

• Where are the strongest areas for appreciation?
• Where can you find the best deals?
• What is the best time of year to invest in an REO property?
• Have we hit the bottom yet?
• Cash flow rentals under 100K

Tim Conarro is an investment property specialist, a seasoned investor and an agent with Your Castle Real Estate. Tim has purchased in excess of 25 investment properties of his own so he offers first hand experience and advice on investing in fix & flips, rentals, lease option, and wholesale properties.

Submit your Haves and Wants w/Pictures on Power Point!

Don’t Forget, Starting with our November meeting, people with haves/wants can submit their data to be included in the PowerPoint presentation with PICTURES!  If anyone has any deals i.e. Have/Wants that they would like announced at the beginning of the next meeting please email Audra at audra@bcrei.org  by Friday November 2nd . Please include: Your Name, Your contact info. Details of the have/want.  For example if you have a wholesale deal, please include specs of the property, price, address & picture. Perhaps you need a Tenant buyer, please include what you are looking for in a t/b, amount down, area they are interested in, etc.

Meeting Starting at 6:30, on-time!

As a courtesy to our speakers and members we will be starting on time.  Come early for networking!

October 13 (Saturday):

SORRY: CANCELED DUE TO INSUFFICIENT INTEREST

"Secrets of Buying Real Estate With Pre-Tax Dollars" with Jennifer Dizmang, nationally-known investment specialist.

Learn the ins-and-outs how to use the money locked in your IRA and other tax-free retirement plans to buy real estate.

You will learn:

  • How to take control of your retirement plan
  • How to get tax-free returns on your money that multiplies your ROI
  • Permitted and prohibited investments with retirement plans and the rules that apply
  • How to use leverage and compound interest to maximize your return on real estate investments
  • How to take the fear out of the future and control your own financial destiny
  • How you can enjoy life and build real estate wealth at the same time
  • How to sell property and avoid paying capital gains tax
  • How to use the amount you would normally pay in capital gains tax to increase your overall return
  • How to partner with your retirement plan to purchase real estate

Join us for this special all-day seminar on Saturday, October 13,  from 9 a.m. to 5 p.m. at our regular Fox Hill Country Club location.

Price:

    Received by October 9, 11:59 p.m.:

        $125.00 Non-Members. $100.00 BCREI members.  Non-members can join BCREI for $40/year and get the $100.00 rate, saving $15.00.

SORRY: CANCELED DUE TO INSUFFICIENT INTEREST

    At the door, October 13:

        $135.00 Non-Members. $110.00 BCREI members.  Non-members can join BCREI for $40/year an get the $110.00 rate, saving $25.00.

October 2:

Jennifer Dizmang: "Introduction to Buying Real Estate with Pre-Tax Dollars"

We had Jennifer Dizmang at our club back as the second half of our March Meeting and she was a big hit!  She had a much longer presentation back then and she was only able to get through 2 of her 20+ slides and people had so many questions!  This time we have her for the whole meeting.  Be sure to come to this meeting and learn as much as you can about this lucrative real estate investing technique!

Also, if you haven't signed up to attend our special Saturday, October 13, meeting with Jennifer Dizmang you owe it to yourself to come and hear her.  After you do you will want to change any other plans you had for October 13th and sign up!  We will be advertising the October 13th meeting to the public.  Click here to sign up now so you can be sure to have a seat!

Also, Traci Mullins is starting up a new venture, Fix and Flip Funding, to help you fund your deals!  Our meeting will be starting on-time at 6:30 p.m.  Be sure to come early to network and hear a short, talk by Traci about her new Fix and Flip Funding business!

August 7:

Pete Youngs, a National Speaker known as "Mr. Rehab"

Part of Pete Youngs' expertise is teaching people how to rehabilitate properties for a fraction of the normal estimated cost. His knowledge and ability to get the highest quality results for the lowest possible price earned his companies such prestigious renovation contracts as the living quarters at the 1996 Atlanta Summer Games, Courtyard By Marriott Hotels, two different contracts within international communications giant MCI, Publix Distribution Center, and hundreds of single and multi-family homes nationwide.

Pete Youngs shares his contractor knowledge with investor and homeowner alike, teaching you how to put THOUSANDS OF DOLLARS into your own pocket. Pete Youngs knows that buying discount properties insures a lower purchase price, and will teach you valuable contractor techniques to lower your fix up or maintenance costs by 50% or even 75%! You will literally add THOUSANDS to your net worth and equity position whether you own just one home or one hundred homes.

Pete's success has launched him to featured speaker status at numerous national investment conferences.

Pete Youngs is a successful investor; business owner, author, and lecturer dedicated to helping others become successful as investment and real estate entrepreneurs. He is a participating member of GA Reia, National REIA and other various groups.

September 4:

Blue Moon Capital - "Putting your out-of-town investments on autopilot".

July 14 (Summer Party):

Thanks to Uwe Stepanow and Diane Haller, of Sweet Rose Properties, LLC, who will be hosting our July 2007 BCREI party in Diane's home. Saturday, July 14 is the date, beginning at 6:00 p.m.! Please call Kathy, 303-916-1312, to RSVP as soon as possible so we may plan for food, etc.

BCREI buys fruit and vegetable trays and pop, and we welcome your potluck sharing as well. This is a "bring your own beverage" event, if you desire other drinks. You may want to bring a folding chair or more for others for seating in the back yard.

Diane's Address:

1145 Atlantis Ave.
Lafayette, CO 80026


Mapquest link:

http://www.mapquest.com/maps/map.adp?formtype=address&country=US&popflag=0&latitude=&longitude=&name=&phone=&level=&addtohistory=&cat=&address=1145+Atlantis+Ave&city=Lafayette&state=CO&zipcode=80026


Direction from the North:
Going south on Hwy. 287 till you get to Lafayette, turn west – right on S. Boulder Rd. - traffic light there, take your 3rd right onto Atlantis Ave., it will circle around to your left , her house is on the left corner of Atlantis & Acropolis Dr. - A soft copper color with a huge Silver Maple Tree in the front yard.

Directions from the south:
Going north on Hwy. 287 till you get to Lafayette, turn west – left on S. Boulder Rd. - traffic light there, take your 3rd right onto Atlantis Ave., it will circle around to your left , her house is on the left corner of Atlantis & Acropolis Dr. - A soft copper color with a huge Silver Maple Tree in the front yard.

Directions from Boulder:
Going east on South Boulder Rd. till you get into Lafayette, turn north – left on Centaur Village Dr - traffic light there, take your 1st right onto Acropolis Dr., go till end, turn rt. Onto Atlantis Ave., first corner house on the immediate rt. Side. - A soft copper color with a huge Silver Maple Tree in the front yard.

You can call Uwe at 720-935-3400, or Diane's home phone at 303-664-0906 if you have any trouble finding her home that evening.

June 5:

 Main Speaker:

“The Nuts and Bolts of Closing Alternative Transactions of:

  • ‘Subject to’ Closings

  • Short Sales with Double Closings

  • Junior Lien Redemptions"

Greg Parham, President, Vista Title Company (specializes in assisting investors with closing non-conventional transactions)

Up first, as our 15 MINUTE SPEAKERS:

“Using Send Out Cards to Increase Your Business” with Chad Bamrick and Todd Evans

Chad Bamrick and Todd Evans will introduce Send Out Cards, explaining some of the basic benefits of this real estate investor tool. They will then walk us through an example of a pre-foreclosure campaign using Send Out Cards. Send Out Cards are automatically sent to the prospective Notice of Default Owner creating a solid avenue for building trust between the owner and investor.

Chad Bamrick is a full-time senior manager for Send Out Cards and is very knowledgeable with the Send Out Cards system.

Todd Evans has been a real estate investor for about 1-1/2 years and a member of BCREI for almost that long with 3 fix-n-flips in 2006. Todd met Chad while searching for better ways to increase his relationships with all whom he comes into contact in his business, including potential new customers. 

May 1:

How to buy discounted notes and mortgages
&
creative financing techniques

wITH kENT aNDERSON

April 3:

Ever wish you could sit and take the time to really pick an investor's brain to learn from them and gain some tips as well as some courage to take the next step in your real estate investing career?  Well, spring is here!! And with it the chance to learn from fellow investors in our group...from their successes as well as from their challenges and lessons.

Come take part in a short period of sharing from Carla Owsley, Marty Leuthaeuser & Mary Mirus, and Monty Johnson. This will be followed by interactive discussion with them, including questions and answers to gain learning, inspiration and momentum for the new season. Read on for a short summary about these investors and some of what they will be sharing with us.

We have had 2 other similar meetings in which investors from our group shared their experiences and knowledge. Those meetings were extremely well received and interactive so I hope we'll see you there.

Also read about John Decky's of Decky's Consulting, a long-time BCREI member, who will open our evening with a 15 minute Speech on "The Hidden Secrets of Credit and Mortgages Workshops."

Carla Owsley:

I bought my first investment house in Oct of 2004 after spending about 6 months learning from other investors through CAREI meetings and CashFlow games, and taking a real estate home study course. My second investment home purchase was a short sale I negotiated with the bank. It took me about six months to recover from that experience before I wanted to buy another house. Last year I purchased 7 properties. I currently hold 3 local lease-optioned homes, 2 out-of-state rental homes, 2 out-of state preconstruction homesites, and 2 Caribbean preconstruction resort properties (probably more information than you need to know!).

One thing I have learned that I would like to share with the group is when to walk away from a "deal".

A deal has to meet at least one of three profit criteria, and pass my final "test" before I will complete the purchase. I will share some of the deals I walked away from, as well as things I have learned from real estate I have purchased.

Marty Leuthaeuser and Mary Mirus:

We are full time real estate investors, in the North Denver metro area, as well as out of state. In the past three years, we have completed a variety of investments, including short sales, fix and flips, sandwich lease options, buy and hold, and pre-construction.

With careful planning and budgeting, we have profited from every deal done to date.

We will share with you the keys to this accomplishment as they pertain to fix and flips, so that you can do the same in your investing.

Monty Johnson:

I bought my first investment property in 2001 with equity from my house, and still have it. I went full-time in real estate investing in April 2003, with a focus on buying single family homes with 5% down and cashing them out at 80% through re-financing. These cash-outs allowed me at least half of my former annual salary, due in part to substantial tax write-offs that come with being a full-time investor. I am now am buying duplexes and four-plexes and cashing them out. I currently have 8 properties in my portfolio and am presently focused on a duplex project.

I will share with you several points that have been a part of my learning:

Find a good group of professionals (appraisers, real estate brokers, attorney, etc...) who can do the research for you, find a good property, and help you structure the deal. Be aware that you will need to coach them through the deal as well, so you may need additional outside advice.

Be savvy during your market analysis...don't get in a soft market and settle for an average investor bid buying price. You must watch your project daily; don't just trust a contractor to go in and do the work. With duplexes and four-plexes you don't have to work as hard as with single family homes to create equity...e.g. a "wall-party agreement" builds more equity and is very lucrative.

______________________________________________________________________________________________________

John Decky's of Decky's Consulting will be opening the evening with a 15 Minute Speech introducing "The Hidden Secrets of Credit and Mortgages Workshops".  John, a member of our group, will provide a brief overview of the wealth building content, strategies and techniques that are taught in the Credit and Mortgage Seminars.

John P. Deckys brings over 20 years of financial world experience to us. He has been investing in real estate for the past 14 years, he runs a mortgage business, and he is an independent real estate consultant helping people develop their real estate portfolios. A recognized expert in credit, residential financing and financial market economics, John does frequent workshops and is a sought after lecturer.

March 6:

Self-directed IRA Money for Real Estate Investing 
 
First will be Jennifer Dizmang, a national speaker, who will be educating us on the advantages of using IRA money for real estate investing, and the variety of real estate investing possible with that source of money.  Next, Daniel Hessey, of Colonial National Mortgage will be speaking on the use of self-directed IRA money in acquiring non-recourse loans for the purpose of real estate investments. 
 
Jennifer Dizmang: “Real Estate With Pre—Tax Dollars”
 
Now you can use every penny you make to increase your wealth!
 
Jennifer Dizmang, a nationally known professional speaker and trainer on self-directed retirement plans, will show you how to:
 
1)      Buy real estate in an IRA or 401K
2)      Take advantage of tax-deferred and tax-free investing
3)      Invest in non-traditional investments in your IRA, such as notes, real estate, land, tax liens and much more
4)      Build greater retirement wealth, faster
5)      Partner with your IRA on transactions
6)      Leverage within the IRA for greater buying power
 
Jennifer Dizmang has been in the financial services industry for 12 years.  During this time she has excelled as a top producer with several elite financial firms and has served as a financial advisor to over 1,000 clients. She has held the licensing of Series 7, 63, 65, life and health.  She has also been a real estate investor since 1992, straight out of college.
 
For the past 5 years, she has been a national professional speaker and trainer whose main topics include investing in real estate within retirement plans, such as self-directed 401K’s and IRA’s.  Her primary clients include The Entrust Group, a California based company that is the oldest and largest provider of self-directed retirement plans, Lorman Education for whom she teaches continuing education to attorneys, CPA’s, CFP’s and Realtors on this same subject, Colonial National Mortgage for whom she pioneered  non-recourse lending for the company to retirement plans, Hogan School of Real Estate in Arizona and a broad array of other real estate companies and lenders.  She is formerly the Vice President of Equity Funds for a New York City based venture capital firm and has served as a Director on the Advisory Board for a Boston based start-up company. 
 
In addition to her public speaking engagements, Jennifer also does a multitude of different types of real estate investing, including water development.
 
 
 Daniel Hessey: “Using Your Self-Directed IRA for Non-Recourse Loans”
 

Colonial National Mortgage has created a loan program that allows mortgage financing to be used in buying real estate through one’s IRA. This is an excellent opportunity to take advantage of an individual's IRA savings and put them to work through a self-directed investment strategy to buy real estate.

 
Daniel Hessey is one of the pioneers in IRA financing and is one of the only Mortgage Bankers in the United States that offer IRA secured loans. He will be able to thoroughly explain how the program works, the rates and terms and costs. Self Directed IRA real estate acquisitions are fast becoming a substantial investment vehicle for personal retirement planning.

February 6:

Our next meeting will be Tuesday, February 6.  And will be at our NEW LOCATION at the Fox Hill Country Club in Longmont!  Fox Hill is east of Longmont just off of Hwy 119.  Directions can be found on the Fox Hill Country Club at:  http://www.foxhillcc.com/fw/main/Driving_Directions-198.html.

Please join us in celebrating our new location with catered coffee/tea/water plus cheese and crackers!

Our next meeting will be a panel on…

How to Leverage the Financing Options Available to Today’s Investors 

True, real estate investing involves locating the right investment property.  But then what?  Do you have your acquisition strategy in place Take control - stay on top of the financial options available to you as an investor. 

Because the investment financing world has changed so drastically, BCREI is sponsoring a panel of mortgage professionals.  Whether your investment strategy is “fix-and-flip” or “buy-and-hold,” these panel members will be able to answer your unique financing questions.  Expect an open exchange of information with most of the evening targeting your specific questions. 

Would you like to know how “cross-collaterization” assists you in acquiring a property?  Can you overcome “loan seasoning” roadblocks in refinancing your investment property?  Have you found a real steal on a property and need the funds quickly – what are your options – who can you go to for financing?  Do you qualify for a traditional loan?  Looking for an inexpensive, quick refinance on a “fix-and-flip” that has now become a “fix-and-hold” property?   Want to know where you can get a cash-out refinance? 

These questions and many more will be answered in an open discussion format.  Attend our next BCREI meeting where you will meet and hear real estate mortgage brokers discuss financial investment strategies designed for you, the investor!      

Distinguished members of the panel are:

Bryan Hollermeier, Merchants Mortgage & Trust Corporation (MMTC).   MMTC financial seminars always draw a large number of attendees.  MMTC has a history of providing efficient interim real estate financing for many different types of transactions.  Bryan is familiar with non-traditional financing and MMTC loan programs fill the need of borrowers whose needs are not met by traditional lenders.  The “fix-and-flip” loan is one of the most popular loan products they offer.  Bryan will discuss the company’s use of “Cross Collateralization” - an extremely useful tool that allows investors to use equity from other properties for down payment on your fix-and-flip properties. 

Tom Green, Private Money Lender (title).  Tom should be familiar to all members as he is one of the founders of BCREI.  Tom is also a “hard-money” lender.  Tom will discuss the financing terms and conditions on which he funds loans.  Most importantly, Tom and the other panel members will discuss how hard money loans along with more traditional financing interact with each other to make a successful financial package.

Traci  Mullins, Loan Officer with Great Southwest Mortgage.  Traci has been in the mortgage industry for five years.  She specializes in investor loan packages – especially in cash-out refinances.  Traci will discuss traditional loan packages available to investors.    Traci offers no-seasoning requirements on refinancing loans, so you do not have to wait 6 or 12 months to get your cash out of your non-owner occupied property. 

Danny Rozenblum, Sr. Personal Financial Representative with Washington Mutual.  Danny has five years’ experience in the real estate industry.  He primarily works with real estate investors.  Danny applies his knowledge of Washington Mutual loan products when investors apply for their quick and easy, no documentation Home Equity Loan and Lines of Credit to an investment property.

Chairing our panel will be Ellen Allen, Broker/Owner of Assist-2-Sell, Boulder, and an experienced real estate investor herself.  Ellen has had to find her way through the financing “jungle” with her own investments.  She will bring her own unique viewpoint on the financing process to the panel.

Plan on attending this valuable meeting whether you are an active real estate investor or are just getting started!

PLEASE…Send your questions ahead to TomG@BCREI.org prior to the meeting so the panel members can come prepared with an answer for your unique financing issue.

January 2:

I’ve found a good deal.  If the owner would finance it, it would be a GREAT deal!

If you have ever thought or said that, this technique is for you.  Make your seller more willing to carry the financing on your deal.

Once you have made a deal with the owner, you typically have several choices for funding it; use your own money, find an investor or hard money lender, or get the seller to carry the first mortgage.  Often the seller is reluctant to carry it, for a variety of reasons.

On the other end of the deal, you as the investor must often finance the buyer of your remodeled property.  You may or may not want to do this.  Often you would like to get your profit out right away to use on another project.

Paul Songer of FundAmerica, LLC is a Certified Cash Flow Consultant, with the American Cash Flow Association.  As such he is certified with 127 funding sources, in over 60 cash flow areas.  Examples of those areas are: purchasing private mortgages, purchasing notes on hard assets (such as cars, boats, motor homes, motorcycles, airplanes, etc.), business notes, lawsuit funding, factoring of invoices, equipment leasing, advancing on projected credit card sales, and many others.  FundAmerica specializes in private mortgages and notes, and invoice factoring for small to medium sized manufacturers, contractors, medical offices, hospitals and clinics.

Topics covered will include:

  • What is the Secondary Market and how does it function?

  • How to structure a mortgage to make it more attractive to a buyer.

  • Advantages when buying a property.

  • Advantages when selling a property.

  • Another tool for your belt.