Looking at the REIA options in Seattle there are a lot of good options however they are primary focused on Wholesalers and Flipping which is not true Real Estate Investing but a RE Business. In my opinion Wholesalers and Flipping is a full time job to do it right and is not passive.
Is there anyone out there who would like to get together and discuss passive investing/buy hold? I am NOT a marketer who will refer you to another local market specialist in Memphis/KC/Etc, I just want to get like minded investors together. Possible discussion topics:
-Macro Portfolio building
-Local Investing/Out of State Turn Key products
There are books and a plethora of blogs/forum on the Micro aspects of Real Estate however these Macro topics are better to discuss in person. Yes... this message is going out to you all REI BP Lurkers who are Passive investors on the forums so feel free to PM me to express your interest.
I might be interested. I'm always interested in sharing what (little) I know and learning from others.
I would be interested!
Yeah I'd be interested, I live in South Seattle.
Go ahead and PM me your email or phone. I'm take the lead on per-qualifying this group. I want it to be worth everyone's time with a focus to the meetup. It might take me a week to get back to everyone and coordinate cause the day job but it will happen.
@Lane Kawaoka organizes once a month. There are a mix of rehabbers, buy and hold investors, wholesalers, property managers and private lenders. There are a lot of opportunities to invest with rehabbers or to network with other buy and hold investors, both in and out of state. You should check it out.
Thanks @Julian Buick for the mention, our first Seattle one is next week in-case you are interested in joining us. Pacific NW Real Estate Meetup is a social gathering for investors, and people are doing deals. We don't do speakers, we don't do coaches, we don't do training. We get some food in you, maybe a little libation, and then we turn you loose to learn whatever you want from whoever you want!
I might be interested in attending if the location is a little closer to the Bellevue, Kirkland, Shoreline, Lynnwood, North Seattle areas
Here's my experience with Mastermind groups: the best and most productive Mastermind groups grow from casual interactions at bigger meetings. Trying to start one from scratch you haven't vetted the individuals in attendance. Mastermind groups are invite only smaller groups. I've now lived and networked in 4 different markets and have seen huge REIA groups to groups that usually had 7 people in it. BiggerPockets is a great way to vet people, but until you get to know them in person, they are just pictures on the web.
Also in my opinion and the people that I've met: the people who can help you the most, are people who do multiple strategies. They start down one path, and then all of sudden something changes and now they can do multiple paths, they get their brokers licenses, and put teams together who are wholesaling, a rehab team, and they continue to buy their massive apartment complexes.
I personally hate traveling to Seattle, but if this was S. Snohomish County (which likely doesn't work for others as well), I think it would be great (greedily for myself).
I was trying to go for a small group where everyone is actively engaged. Maybe at a restaurant where everyone can sit at one table (less than 8). @Troy Fisher I hear you loud and clear. PM me if you are interested.
@Zach Schwarzmiller PM me you email if you are interested. Aside for you Multi experience I know your actually active in buy and holds so you would be a good addition. Would be great to restart our previous debate on how Multi Unit Financing is a Buzzkill because of the 30%+ down payments needed.
@Lane Kawaoka good idea out of state investors or buy and hold investors have a whole different set of experience's and the skill sets that are needed and the amount of education needed to make those work is pretty deep..
It seems simple enough with lower value out of state assets, however as one usually figures out there is far more work to it than being a simple passive investor IE like you bought a A class professionally managed multi family :)....
So to have a local group of like mined investors who can rally to support each other I think is a great idea... I wish you the best on it for sure.
I would be interested to participate.
I got a lot of people saying that they were interested but no follow it terms of preliminary contact information :/ So at this point the buy and hold folks will remain in dormancy. Please PM me to connect if you are still interested I might have lost your first PM.
My company, Heaton Dainard Real Estate Group, specializes in residential real estate investing in the Pierce, Snohomish, and King Counties. We provide a lot of services to new investors including assistance in vendor referrals including contractors, assistance in project management, and budgeting assistance with spec sheets and bid sheets. We offer a free investor class approximately every other Monday at our office in Bellevue at 6:30 p.m. The class walks through example deals, talks about financing, and introduces you to our company model. If this sounds like something you would be interested in check out our website at www.heatondainard.com/. Link to sign up for class: http://www.heatondainard.com/investors/come-to-a-f...
Additionally, we (and other companies) attend the monthly Real Estate Association of Puget Sound (REAPS) meetings. I believe first-time attendees are free. For more information on REAPS visit http://www.reapsweb.com/.
Hope this was helpful!
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