BiggerPockets

Self Direct Your Retirement Into Real Estate and Retire on Passive Rental Income

Tuesday, May 15

Please RSVP at http://goo.gl/jm54H

Join us on Tuesday, June 19, 2012 from 12:00 pm - 1:00 pm PDT for a LIVE Educational Webinar.

WHAT WILL BE COVERED:
- Doing the right due diligence
- How to cover all of your expenses with cash flow
- Investment options available
- Market analysis
- Team members
- Property analysis and acquisition
- Selling & marketing
- Lending
- Property management and managing your investment
- Building long term wealth
- Investing in Self Directed IRA's.
- Where are the deals and how can you get involved.

SHOWCASING:
- Self-Directed Retirement Investing basics
- Investment systems that work right for YOUR NEEDS.
- Joint Venture Investment Options
- 25% down investment property ($15k - $25k down) with positive cash flow
- Seller Financed Investments with 50% down, a 15 year amortization and positive monthly cash flow.
- International lending program with NO BANK QUALIFYING!

Webinar – Online
June 19, 2012
12:00 pm - 1:00 pm

1-424-757-4680
invest@owenscg.com  

Please RSVP at http://goo.gl/jm54H

Yes! You can own Real Estate in your retirement Account

Wednesday, May 09

Please RSVP at http://goo.gl/VCsd2


Tuesday, June 5, 2012, 6:30 PM
Location: Shade Hotel, 1221 North Valley Drive Manhattan Beach, CA 90266
Price: $15.00/per person


Topics: Self-directed retirement accounts, what you can legally invest in, types of real estate available, financing using retirement funds


Speakers:
Kaaren Hall (Udirect IRA)
Michael Mcdermott (Author, Get Real Investment Group
Matt Mcfarland (Keystone CPA)


Agenda:
6:30 - Networking
7:15 - Introductions
7:25 - Round table discussions
9:15 - Networking - Shade Bar
 

Parking:
Free Public parking on N. Valley Drive ( in front of the hotel)
Meter parking in the Parking structure on N. Morningside Dr (Behind the hotel)
FYI  Lower level meters have a 10 hours limit.




Please RSVP at http://goo.gl/VCsd2

Understanding Notes and Mastering the Financial Calculator

Monday, May 07

Please RSVP at http://goo.gl/HcT9P


Thursday, May 24, 2012, 6:30 PM
Location: Grand Long Beach Events Center- 4101 E. Willow Street Long Beach, CA 90815
Price: $10.00/per person

Speakers: This Month we are excited to have Kyle Humfeld and Kenny Wyland from " In a Day Development"
 
Kyle Humfeld



Kenny Wyland
 


Discussion points
1. Introduction
a. Who we are, why you’d care
b. Props to all of our teachers and mentors

2. ROI - Return on Investment
a. Different methods of calculating
b. What good is it inherently? Is it the end goal? A means to an end? Neither?
c. Misconception: Greater Return == Greater Risk

3.Time
a. How does time affect your ROI?
b. How does time affect other aspects of money?

4. Financial Calculators
a. Make the very complex math simple to perform
b. Essential tool for every investor

5. TVM - Elements of the Time-Value of Money
a. Amount of Time : N
b. Interest Rate or Yield : I/YR
c. How much is it worth now? : PV
d. How much will you pay/receive over time? : PMT
e. How much will it be worth? : FV

6. Examples of where this is useful
a. Notes
b. Seller Financing
c. Analyzing leveraged vs non-leveraged deals
d. Comparing deals in an Apples to Apples fashion

7. Q & A



Agenda:
6:30 - Networking
7:00 - Introductions
7:15 - Round table discussions
9:15 – Networking



Please RSVP at http://goo.gl/HcT9P

Memphis Second Best Place For Boomers to Retire, Study Finds

Saturday, May 05

A recent study conducted by the Washington Economics Group ranks Memphis, Tennessee as the No. 2 destination for millions of baby boomers looking to retire, second only to Tallahassee, Florida, which ranked No. 1. Through analysis of baby boomer trends and preferences, as well as scientific comparisons of over 20 potential ideal retirement communities, it was noted that pending retirees should and do, for the most part, look to Southern college towns for the best combination of climate, cost of living, health care, and other priorities.

The final report, titled “Best Choice for Retiring Boomers: Head South — An Analysis of Selected U.S. Cities,” supplements a similar survey directed by Mason-Dixon Polling & Research, which found that one-third of baby boomers who would move to another state given desirable conditions, namely, a mid-sized town that offers a mostly warm, mild climate, a low cost of living, favorable tax rates, and a top quality health care system. Also in the top 10 behind Tallahassee and Memphis were Athens, Ga., Tuscaloosa, Ala., Oxford, Miss. and Charleston, S.C. (tied), Louisville, Ky., Richmond, Va. and Pittsburgh, Pa. (also tied). Given the rapid “Graying of America,” we can expect to see a large influx of retirees heading to these places, making investing out of state and in the Memphis market, in particular, as ideal and lucrative as the Southern climate itself.

For Investors By Investors - 2012 Summer Networking Mixer

Wednesday, May 02

Please RSVP at http://goo.gl/cdtNW


Thursday, June 14th 2012, 6:3 0PM - 11:00 PM  
Location: The Grand Event Center - 4101 E. Willow Street Long Beach, CA 90815

Join us: To help celebrate the arrival of Summer and to help facilitate networking among our 14 FIBI chapters in SoCal, the For Investors By Investors (FIBI) Network is hosting our Annual Summer Mixer.  We expect to have over 200 RSVPs for this networking event.


Topics: Unlike other FIBI meetings, this meeting will NOT include a roundtable discussion but will simply be an informal networking event to help celebrate the arrival of Summer.

This will be held in the usual FIBI philosophy of providing informal meeting environments with the goal of helping investors to network and learn from others.


Agenda:
6:30pm – 8:00pm Networking
8:00pm – 8:15pm FIBI Leader Introductions
8:15pm – 11:00pm Networking


About For Investors By Investors
FIBI is NOT a seminar and unlike other groups, there will be NO sales pitch.

In our effort to help others who are less fortunate, we will be accepting optional donations for the Children’s Hunger Fund at this event with the goal of providing 20,000 meals to children.

Mathew Owens
OCG Properties, LLC
invest@owenscg.com
(424) 757-4680


Please RSVP at http://goo.gl/cdtNW

The True Picture of the California Housing Market

Wednesday, April 25

According to first quarter data for this fiscal year 2012 in the state of California, roughly 55 percent of occupied housing is owner-occupied, with the remaining 45 percent being renter-occupied. Of those who are statistically classified as owning a home, over 75 percent carry it with a mortgage and about 35 percent, or about 5,100,000 homes are near negative equity. It’s no wonder such a large number of people are choosing to rent homes in California when a majority of those who “own” a house would likely end up paying to sell. With the largest number of residents in the United States, California is actually a top spot for negative equity, with some 257,000 homes listed as being in foreclosure. Unlisted are roughly 500,000 homes that comprise state’s vast shadow inventory.

Recent data from the latest Census indicates that median household income in California is $57,000, while median net worth of a Californian household is $61,000 based on [outdated] figures from 2008 when the numbers were even better than they are now. Here in the Golden State where women herald Louis Vuitton and Prada and every other person drives an expensive luxury car, these numbers seem a gross underestimate. However, FHA insured loans that require only a 3.5 percent down payment allow people with little savings to buy homes and hidden $800 lease payments on those foreign cars only add to the image of affluence that Californians seem bent on maintaining. Clearly it is not just the bubble contributing to this trend of negative equity, but psychology as well.

The median income to median price of a home is extremely important because it shows what investors can afford in a home price. Typically the banks are going to require that you have a 40% – 45% debt to income ratio in order to qualify. This means that all of your debts including car payments, credit card payment, house payments and more cannot be more than 40% – 45% of your income in order for you to qualify for financing. Since the median income in California is $57,000 then then maximum amount of debt one can pay (including the mortgage payments) is $1,900 – $2,138 per month. Take a $400 per month car payment out, $400 per month in credit card payments and $400 out for other payments and you are left with a maximum mortgage payment of $700 – $1,118 which equates to a house worth $138,000 – $221,000. The current median home price in Southern California is about $270,000 which means prices still have to come down in order for people to qualify. The professional flippers I know are finding it is taking an av rage of 2.5 buyers to sell their home at market value due to these financing issues. On top of the housing in California, the state is broke and jobs are leaving the state due to high taxes and an unfriendly business environment. You draw your own solution about California.