Updated over 9 years ago on .
SAREIA Monthly Meeting with Guest Speaker, Sam Madrid
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- Free
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We are excited to invite Sam Madrid, a local real estate investor expert, who has done over 1,000 real estate transactions with Creative Owner Financing. Sam is the master at finding distressed homes in the low income areas, selling them "as is" with owner financing. Sam also uses private money to acquire the real estate deals, at an 8% interest rate for private investors, with a five-year balloon, and interest only payments. He then sells the property for twice what he normally buys it for "as is", at 10% interest and waits about six months before he then sells the note for full market value.
Sam is a big proponent of putting money in your pocket when you buy and when you sell. Borrow an extra $2,000 up front and obtain a $3,000 down payment from your buyer. This way you make money upfront, when you resell it, and every month through cash flow.
There are more real estate deals out there to be done if you just know where to look, how to look, and what to do once you find it. Victor and Sam will be talking about this at this month's meeting.
First time Guests are FREE.
$20 at the door for non-members
Snacks and drinks will be provided for the early birds. Meet industry Vendors & Network with and other like-minded investors.