Central Jersey (Monmouth County) Meeting - October 2015

[Mark Scarola]

OVERVIEW

At this meeting we will have a guest speaker discussing rental properties. Specifically he will share his story about going from being essentially broke when he should've been planning for retirement to having $3 million seven years later. He'll also cover practical and real ways to screen for, find, and keep high quality tenants. Hear how he did it and how you can replicate his success.

SCHEDULE

6:30 Meeting Starts
6:40 Announcements and Introduction of Group Members
7:00/7:15 Main Meeting (presentation)
8:00/8:15 Open networking time
9:00-9:30 Wrap up

MAIN MEETING

This month's guest speaker is Joe Neilson. When Joe was 61 years old, he found himself without a job or pension. Joe needed income desperately, but refused to go back to corporate America and start from scratch.

So he sought an alternative direction, investing in rental properties. In seven years he built a portfolio of over 60 homes with an income of $22,000 a month. Today he has over $4 million dollars in equity and continues to grow his portfolio, but also spends a lot of his time educating others.

Joe will share how he accomplished so much in such a short period of time. He is not averse to sharing details such as the numbers involved in a deal he's done or mistakes that he's made along the way. Time will be dedicated to the discussion of finding quality tenants and the unique way that Joe goes about finding strong tenants. He has a thorough and uncommon screening process that he will share in detail.

Also of interest is that Joe's niches include investing in 4-5 bedroom properties as well as student housing. While some people may consider 4-5 bedroom properties "too big" or "too expensive" and student housing to be risky because of the higher expected turnover that comes with students, Joe has found these areas to work especially well. Come find out why he likes these types of properties and if they might work for you too!

NETWORKING

At 6:40 we'll go around the room and introduce ourselves. This is a chance to get to know some of the people in the room and can help you to identify who you might want to seek out and speak with later on in the evening.

LOCATION

The meeting will take place at the Red Bank Public Library. See our Meetup page entitled "Red Bank Public Library" for details, pictures, and information on parking.

There is no admission fee for this meeting. We still however ask that you please RSVP in order that we can have an appropriate number of seats and if applicable other materials available. You may do so by posting here, sending me a private message, or through our Meetup page.

MISC.

* There will be no food or drink served. 

* As always, all are welcome to attend. There are no prerequisites, experience, or membership requirements.

* The organizer reserves the right to cancel or postpone the meeting in the event of low expected turnout, bad weather, or other unforeseen circumstances. Please RSVP if you plan to attend.