How to Survive & Thrive in Real Estate Today w/ David Tilney

[Christina Suter]

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 about sharing 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.

David Tilney has owned and operated single-family houses for 38 years. He understands that real estate, if vacant, is not an asset but a liability. He also believes that his tenants are his greatest assets. David views his tenants as his on-site resident managers who are compensated with good long-term housing. Empowering tenants has allowed David and his wife, Mary, to spend 8 months each year in Naples FL and 4 months in Colorado Springs, without the need for any employees.

In 1984 David became a tenant and rented a house for 35 years, which he then sub-leased for a profit. By the end of 1996 David had leased and sub-leased over 100 houses. This business model has been so successful that one of his daughters and her husband support themselves and their family doing the same thing, as do many others who have studied and learned David’s systems.

John D. Rockefeller once said, “Own nothing, but control everything.” David has found master leasing to be a great way to control most of the benefits of real estate without all of the liabilities.

Please find below some bullet points that David will walk through during his presentation:

Do you need ways to create cash flow with little or no capital?

Is fixing and flipping riskier today because of higher prices paid to acquire properties?

Are you nervous now to take on additional debt?

Is wholesaling difficult in a market where retail price bidding wars are becoming the norm?

Are you anxious about dealing with tenants and toilets?

For full event details please visit the Meet Up page here.