Posted on January 31, 2012 by admin

To: REINLAC Members
Subject: Loan Request from Fellow Member

Dear REINLAC Member,

A member has requested that we send out a loan request to our members. This is the first time a request like this has come up. Since we are here to help, you are seeing this on the REINLAC.net blog. (The member who is seeking the loan wants their name withheld.)

Those members who are interested should email or call me.

Thanks,

Rene
661-456-0787
P.S. I’ve known and worked with this member for about 9 years.  My business dealings with him, and there have been a few, have all been positive.

Loan Request

Existing Management Company

  • +/- 90 Single Family and small units.
  • Includes 20 FNMA rentals.
  • 1 of only 2 exclusive FNMA Management Vendors in Antelope Valley.
  • Low overhead operation.
  • Low fee loss from vacancy.
  • +/- $9000/mo gross w/continued expansion of FMV and FNMA accounts.
  • 2011 saw 50% growth in accounts and 50% revenue growth.
  • Project continued 50% growth of accounts and revenues in 2012.

Seeking purchase financing for a competing management co. (Note: The subject company is the other FNMA vendor within the marketplace) FNMA accounts would be purchased under a separate agreement that would net Urban Resources an additional $1500 monthly.

The core business is:

  • +/- 105 Single Family Homes
  • Grosses +/- $11,000/mo.
  • Business projects 40% account and revenue growth in 2012.
  • Excluding projected growth, combined revenues for both operations would exceed $21,500/mo on closing date.
  • Projected expenses are $5000/mo payroll; $2500 office expenses.
  • The remaining $14,000/mo would be available for debt service.

Seeking these terms:
Loan amount:        $75,000
+ Fee (5 points):    $  3,750
Amortized:             24 months
Annual Interest:      25%
Monthly payment:  $  4,203

We would also offer expedited seizure and uncontested Trustee insertion in the event of a default.

REINLAC – The Real Estate Investors of North Los Angeles County
Empowering the Investor of North LA County Through Shared Knowledge, Instruction and Shared Resources

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Excellent Meeting!

Posted on January 12, 2012 by admin

If you missed the last REINLAC meeting on January 10th, you missed a good one!

You can see the topic of discussion on the earlier two posts below.

The topics proved to be a whole new way of thinking about acquiring real estate for many of the attendees. Some people who have been licensed agents for years came with hopes of leaning ways to think outside-the-box. Others expressed doubts that some of these techniques would actually work in this real estate market of 2012.

As a result, there were many questions asked of the presenters, and many of the more experienced investors in attendance pitched in with their insights.

Perhaps the most important thing that attendees took away from the meeting is that there are different methods of acquiring real estate, if one is willing to learn those techniques, and to work harder than just looking in the MLS in hopes of finding a good deal.  We all know that the MLS is the “watering hole” that everybody goes to when looking to buy a property. If one is willing to work harder, greater opportunities may be unearthed.

Attendees also learned that the presenters, are planning to set up a company that utilizes these advanced methods of acquiring real estate and will be bringing those deals to members of REINLAC. Look for more news on that in the months to come.

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Just Added – Nannette Barrie!!

Posted on January 9, 2012 by admin

Two of our REINLAC members went to Culver City and saw a
presentation by Bruce Norris on the future of real estate in
Southern California. Bruce does more research than anybody
else I know in order to determine his predictions, and many
investors have profited from his insights. Nannette Barrie has
agreed to brief us on the talk by Bruce, which I’m told was excellent!

This presentation is in addition to the one that Patty and I
will do regarding “Banks are making it tough for investors
to buy real estate. We have solutions!” See our MeetUp.com
page for more details.

As always, we meet at:
Rancho Village – Activities Room
39630 Fairway Drive
Palmdale, CA 93551
- 2 blocks east of the 14 Freeway at the corner of
Rancho Vista Boulevard (aka Avenue P)

Meetings start at 6:30 and end at 9:00 p.m. The next meeting
is tomorrow, Tuesday January 10, 2012.

Rene & Patty
www.REINLAC.net
661-456-0787
P.S. If you’re thinking about going to the meeting,
please sign up at Our MeetUp.com Page and click
the “RSVP” Button.

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Banks are making it tough for investors to buy real estate. We have solutions!

Posted on January 9, 2012 by admin

Thanks to the real estate melt down, it’s hard to get a bank
loan if you’re an investor. It’s even hard if you’re to live
in the property as your primary residence, have 700 FICO
scores and have 25% down!

Alternative real estate financing is a topic that all
investors should be familiar with, if not expert in.

At the January REINLAC Meeting, you will get an introduction
to some of the most useful alternative financing techniques
in today’s market. With this knowledge, you will be able to
acquire more properties because you don’t need a new bank
loan.

Owner Financing
-    Owner Carry
-    All Inclusive Trust Deed
-    Land Contract
-    Subject To
-    Wraparound Contracts

These are all tools that can be used to buy property with no
bank loan. They can then be used for your exit strategy when
you’re ready to sell. Let’s face it, there are way more
people who can’t qualify to buy your properties than those
who can qualify. In other words, if you can use creative
financing to sell your properties, you open your market far
beyond those who must qualify for a new bank loan. This
means more $$ profits $$ for you!

The presentation will be put on by Rene & Patty Caro. I
know, you’re asking, “So, why should I give up my Tuesday
night TV shows to listen to you?” Good question. Here are
some of our credentials:
-    Have been involved in about 75 real estate transactions
-    Owned 76 apartment units
-    Owned a trailer park with 46 stalls
-    Owned 15 single family houses
-    (Many were bought and/or sold using these techniques)
-    Licensed real estate agent since 2002
-    Licensed broker since 2009

Hope to see you there!

Rene & Patty Caro
www.REINLAC.net
661-456-0787
P.S. If you’re thinking about going to the meeting,
please sign up at Our MeetUp.com Page and click
the “RSVP” Button.

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Holiday Fun and Games – December 13th

Posted on December 6, 2011 by admin

Ho Ho Ho! The holidays are upon us. What a great time of
year to think about our plans to be with family and friends.
Lots of parties and shopping to do.

We hope you’ll schedule in a little time to further your
investing career as well.

That’s why the December meeting is going to be different
than any other meeting we’ve had.

    Robert Kiyosaki’s Cashflow Game Night

Yes, we’ve decided to play the Kiyosaki Cashflow game
instead of having a speaker.

As you probably know, Kiyosaki is the author of the book
Rich Dad, Poor Dad. Many of us started our investing
careers after having read this wonderful book that reveals
so much about the difference in the ways the poor think
about money compared to the wealthy.

You probably also know that Kiyosaki created the game first,
then wrote the book to get more people interested in playing
the game.

So, that’s what we’re going to do. Play the game, have some
snacks, enjoy a little eggnog, and generally have a good
time.

If you’ve never played the game, you’ll really enjoy it, and
you’ll sharpen your mind to investing all the while.

We meet at: Rancho Village – Activities Room 39630 Fairway
Drive Palmdale, CA 93551 – 2 blocks east of the 14 Freeway
at the corner of Rancho Vista Boulevard (aka Avenue P)

Mark your calendar! Meetings are on the 2nd Tuesday of every
month. Next meeting is: December 13, 2011 at 6:30 p.m.

Rene & Patty
www.REINLAC.net
661-456-0787
P.S. If you’re thinking about going to the meeting, please
sign up at Our MeetUp.com Page and click the “I’m Coming” Button.

P.P.S. From Robert Kiyosaki – 10 Ways To Get Out Of The Rat
Race: #10. Never Stop Learning; #9. F.O.C.U.S. – Follow One
Course Until Successful. More to follow…

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Topic for November 8th – Evaluating Deals!

Posted on October 31, 2011 by admin

This month’s meeting will be slightly different than the normal meeting, in that it will be conducted in “Round Table Style”. There will be no speaker teaching us about their area of expertise this month.

Instead, we will all learn from each other on the topic of Evaluating Deals.

It’s inevitable, when you start telling your friends, family and neighbors that you are going to be investing in real estate (and after they tell you you’re nuts and will go broke!) they will start getting comfortable with the idea and will start bringing you deals. Or, better think them as potential deals.

Someone down the street needs to sell their house; your cousin knows someone; a coworker’s uncle is moving out of state and wants to move their property fast!

What’s your next move? Go see the house? Meet with the seller? Most seasoned investors will say NO! Don’t do either until you evaluate the numbers to see if it qualifies under your criteria for a deal.

At the next REINLAC meeting, we will go over the criteria for the 3 major strategies for us investors: 1. Buy & Hold; 2. Flip (Buy, Fix and Sell); and 3. Wholesaling (Don’t buy and then Sell. We’ll talk more about wholesaling at the meeting.)

If you haven’t already, you should set a goal of walking out of the next REINLAC meeting with a set of criteria for your real estate investments.

Our Mission Statement: Empowering the Investor of North LA County Through Shared Knowledge, Instruction and Shared Resources

We ask that you share with the group. If you have a form that helps you evaluate your transactions, bring it and share it with the group. If you know of web sites that help you run fast comps, bring that too. Know of a good spreadsheet for entering in the key figures of a deal that helps you know if the potential deal makes sense? Bring it and share.

If you have a bunch of questions, bring them too. Your question might help others fill in a missing part of the puzzle in their investing.

If you’ve been investing for a while and are expert in all the above, we ask that you come and share with other members of your real estate investors club.

The people that I’ve told about this meeting are all enthusiastic about it. We anticipate a good turnout, so please go to our MeetUp Page (click here) and click the “RSVP” Button.

See you on November 8th!

Tell a friend. Invite a neighbor. Send an email to your friends. Spread the word about this wonderful club.

We meet at:
Rancho Village – Activities Room
39630 Fairway Drive
Palmdale, CA 93551
- 2 blocks east of the 14 Freeway at the corner of Rancho Vista Boulevard (aka Avenue P)

Rene & Patty
www.REINLAC.net
661-456-0787

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Speaker: Nannette Barrie – Topic: The Business of Real Estate Investing

Posted on October 5, 2011 by admin

We are really excited to announce that the next speaker at REINLAC will be Nannette Barrie. The topic: The Business of Real Estate Investing.

Check out what this bright young lady has accomplished in the real estate game:
- Wholesaling Real Estate for Quick Cash
As you know, “wholesaling” is where you find a deal, tie it up, then turn it over to another buyer/investor, make a paycheck without ever having used any of your money. (Aka, Quick and easy money!)
Learn how you can make from $2,000 to $10,000 per transaction using techniques that Nannette will teach you.

- Buy – Hold/Rent – Sell – Nannette knows that true wealth can be built by buying and holding real estate.

Learn how you can evaluate a property for suitability for a buy and hold. (Hint: it’s vastly different than if you want to wholesale out the property.)

- Nannette is a licensed Realtor and has completed dozens of transactions representing either buyers or sellers.

Perhaps her best attribute is Nannette’s willingness to share her experience and help others.

At this meeting, Nannette will share with you “What it really takes to succeed as a real estate investor” including such topics as:
- What’s the difference between a good deal and one to pass on?
- How many “I’ll pass” properties are you going to see before you find a winner?
- Setting goals for yourself that will equal success
o If you wholesale
o If you flip
o If you buy & hold
- Tracking your progress and results for improved earnings
- You will see a real example of an investment opportunity
o Should you buy it?
• For wholesaling?
• For flipping
• To buy, rent & hold?
o How much should you offer for each scenario? (Hint: The numbers are vastly different!)

So we invite you to come to the next REINLAC meeting with a bunch of scratch paper! You’re going to need it. It will be Nannette’s goal to give you a glimpse into the mind of a real estate investor, and how they treat investing as a business. You will gain insights that can help you take your investing career to another level of profits.

Please note: We are still trying to get MeetUp.com to change the location of the meetings on the email announcements. You know we have a new meeting room, right? It is:

Rancho Village – Activities Room
39630 Fairway Drive
Palmdale, CA 93551
- 2 blocks east of the 14 Freeway at the corner of Rancho Vista Boulevard (aka Avenue P)
NOTE: We no longer meet at the Holiday Inn!

Mark your calendar! Meetings are on the 2nd Tuesday of every month. Next meeting is: This Tuesday October 11th at 6:30 p.m.

Rene & Patty
www.REINLAC.net
661-456-0787
P.S. If you’re thinking about going to the meeting,
please sign up at Our MeetUp.com Page (Click Here – http://www.meetup.com/REINLAC-Real-Estate-Investors-of-North-Los-Angeles-County/) and click “Count Me In!”.

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September 13th Meeting is on PrePaid Legal

Posted on September 1, 2011 by admin

Dear Real Estate Investor,

The topic for the next meeting is PrePaid Legal – How this service can save you thousands of dollars in legal fees in this litigious society.

Patty and I have been members for about 18 months and we swear by it. We wouldn’t be without it.

Bunny Wheeler and Christopher Macus from the AV PrePaid Legal office will give us all a good presentation of the benefits of the service so you can have a good overview.

Under the heading of “It’s not how much money you make, it’s how much you keep!” is PrePaid Legal.

Here are a couple of facts about life in America today:
-  You are more likely to be sued than you are to end up in the hospital.
-  There are more students in law school today than there are licensed attorneys.

  • Look out when they all graduate! They are all going to want to sue someone!
  • We all need to have some form of defense so we can keep the money, real estate investments and personal belongings we’ve accumulated.

Mark your calendar and invite a friend to come along with you to this meeting. If you are thinking about going, please go to our MeetUp.com page and reserve your seat!

See you there!

Rene
www.REINLAC.net
P.S. Don’t forget, we have a new meeting place:
Rancho Village – Activities Room
39630 Fairway Drive
Palmdale, CA 93551
- 2 blocks east of the 14 Freeway at the corner of Rancho Vista Boulevard (aka Avenue P)
- As always, meeting starts at 6:30 pm

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Posted on August 3, 2011 by admin

Special Announcement

REINLAC – The Real Estate Investors
of North Los Angeles County

As of August 9, 2011 we have a brand new meeting place!

Rancho Village photo

Ranch Village the NEW Home of REINLAC

As of August 9th, 2011, REINLAC has a brand new home.

Rancho Village
Independent Retirement Living
39630 Fairview Drive
Palmdale, CA 63551
- Activities Room
- 2 blocks east of the 14 Freeway at the corner of Rancho Vista Boulevard (aka Avenue P)

Come to the next meeting, which will be about “Flipping Properties”. Bring all your questions about this method of earning Fast Cash in real estate. Our panel of experts will answer all your questions.

The 3 member panel will consist of:
 - Nannette Barrie – “Wholesaling Properties for Fast Profits” – An investor for over 15 years, licensed real estate agent with Keller Williams – Nannette has done more than 50 Wholesale Transaction!
 - Jane Sherman – “Rehabbing for BIG Profits” - Jane and her crew are actively doing Rehab Transactions in today’s market. Jane knows the rehabbing business inside and out. An investor for over 20 years and has completed well over 50 Rehabs!
 - Donald Pelgrim & Michael Hallin – “Hard Money – AKA Fast & Versatile Cash” - These guys will shed some light on ways to use hard money to help you flip properties. Wilshire Finance Partners is their company, and they’ve been catering to real estate investors in SoCal for the past 3 years. (They want to work with more investors in the Antelope Valley!)

See you at the next meeting of REINLAC at our new meeting room, at:
Rancho Village – Activities Room
39630 Fairway Drive
Palmdale, CA 93551
- 2 blocks east of the 14 Freeway at the corner of Rancho Vista Boulevard (aka Avenue P)

Rene & Patty
www.REINLAC.net
661-456-0787

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New Meeting Location

Posted on July 28, 2011 by admin

Dear REINLAC Member,

REINLAC needs a new place to have our monthly meetings. The Holiday Inn has been great, but a little pricy.

We’ve looked at 3 meeting rooms and are scheduled to see another one this afternoon. We should have enough information to decide which room best suits us best by the end of the weekend. We will email you as soon as we know.

If you want to be on our email list, visit www.REINLAC.com (not .net). There you can enter your email address, and you’ll be kept up to date on the latest news and opportunities.

Rene & Patty

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