Note to attendees: There has been an increase in the fee for entry this upcoming year at FIBI Pasadena. The fee will now be $20 instead of $15. Please note this and thank you for your continued support and we are really excited about the line up for 2016.
Join other Pasadena-area real estate investors at our For Investors By Investors meeting (FIBI) held the third Thursday of each month at 7pm at Courtyard by Marriot, 180 North Fair Oaks Ave. Pasadena, CA. The Pasadena FIBI group provides an environment for active and informative peer discussions, expert presentations on relevant topics, and networking. All FIBI meetings support a NO SELLING policy, allowing investors--whether seasoned or beginner--to be free to share about their real estate passions without sales pitches.
Each Pasadena Real Estate FIBI meeting includes brief member introductions intended to identify areas of interest and possible opportunity, industry experts presenting information and experience on a variety of relevant real estate topics, and open networking sessions to enhance the value of coming together to learn. Twice a year we include an Economic Update and a review of Market Conditions. Our meetings are fun, engaging, and informative.
This months speaker is Clyde Wilson. Clyde has mastered the ability to spot incredible opportunities and structure profitable transactions. You’ll never find Clyde without his special “crystal ball” which he uses to investigate various “what if” scenarios to improve cash flow, yields, and/or profits. Clyde has an easy, down-to-earth way of explaining how to build wealth and cash flow.
In 1954 Clyde bought his first investment property but lost money on it. Not one to give up easily, in 1959 Clyde bought a house for $199 down and $88 a month (piti) plus another commercial property for $1500 down. Since then, Clyde has purchased single family homes, commercial properties, mobile home parks, mobile homes, industrial properties, subdivisions and more throughout the United States. In addition, he has parlayed his monies into building two 100-unit senior citizen facilities and eleven town home projects plus he has bought several International House of Pancakes and Jiffy Lube Centers. Clyde states he has a simple philosophy for his success in real estate investing, “When you purchase a property, you want income property not” out go” property so the property needs to have either break even or a positive cash flow from day one. If it cannot do either, walk away from the deal.”
Please RSVP as soon as possible as we are expecting a full house for our first meeting in 2016.