Sunday, January 11, 2015

Day 2 - Meet the Masters

Day 2

I am hoping to be able to stream the Dallas Cowboys game on my laptop. I logged in for the faster internet so we will see.

Lender Panel
Aaron Chapman
Pattern interrupt

10 conventional -
*Fannie/Freddie stuff - understand guidelines*
*Learn more about investor financing options*

USA only place with 30 year fixed - plus Denmark
-powerful product for an investor

The thought quick payoff -
If you want to accelerate, yes, but stay with a 30 year mortgage

How many can I buy?
-set up trusts vs LLC?

Private lenders...

GFE - good faith estimate
HUD - hard number
when terms change or rates get bought down, etc, numbers will change

Thoughts - investors here own multiple properties in different areas - more sophisticated

Brown paper bag! haha - great! - guideline, duct tape, Jim Bean, razor blade, condom...?! energy drink

Delayed financing

**Self directed Retirement plan - What every real estate investor should know**

Reader's Digest -

Matt Sorensen - IRA - Book - podcast - blog
http://sdirahandbook.com/

IRA - special tax status

IRC 4975
Rules in what you can and cannot invest in....

IRA/LLC - checkbook control IRA

Deal flow-financial friends - experiences

Chicago - Mike Fisher
C class properties preferred - better cash flow

Thoughts: This group is cash flow business minded, appreciation is bonus. Tax advantages, Debt advantages, IRA self directed

Chicago property $105,000 with $1500 rents..? interesting!

Chris and Justin on Land
On reselling -

Doug - Economics

Empowered for all seasons
Ray Daleo - biggest hedge fund

Inflation and growth
Prices shift when either or both are above or below expectations

What is my tax situation? What is my tax strategy? When starting, scalability means nothing....
In the beginning, think about growth and tax efficient.
Build asset base in steps

Kansas City - Plutus Group - Zach
Revitalization of downtown Kansas City
Job opportunities


Randy - Four letter word: DEBT


Not a bad word!

Mortgage in 3 ways
Asset protection -







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