All Forum Posts by: Bret M Lamperes

What we're about

Do you want passive income that exceeds your expenses? True financial freedom comes from continued passive income! If you have started, want to get started, or are on your way to true financial freedom, you need to attend this meeting! We are going to help you not only learn but the most important thing you can do is DO! The one word that separates people is the getting over the fear of failure and DO!

This months topics include: 

-The BRRRR method

-How to retire in 15 years with a tax free income 

We have built 8 in Grasslands Park and have a few investor units left.  We have a possible model unit in 2nd or 3rd building available 

We are selling condos for $219k and would entertain selling one in the 4th Building for $175k. Great ROI and equity deal. Call me if you have questions at 970-980-9700

1031 Exchange your way to a Million!  Our guest speaker Erin Crowley will inform and inspire  you with knowledge and ninja like skill at the 1031 Exchange process!  See you there!

• It is at 240 Main Street......my parking lot is next to El Heffes.  Looking forward to 150 Main getting started!  I have our meet up group on Bigger Pockets as Creative Financing at KW office in Loveland Centerra West side of I25.

Millionaire Real Estate Investors Group will be having our first meeting in Loveland CO at the Keller Williams office at Centerra.

Need a TC manager/admin manager that can handle 20 agents with one other TC and oversee marketing, print and online, manage and expand the database; licensed realtor a plus! Hire interns and manage others keeping track of numbers and productivity. If you or someone you know has what it takes to be an admin master bad ***, pm me!

Last year I was working with one of my 1031 exchange clients and I heard about a 12 plex for sale for $1.1 Million and it was a building that had been condemned but was almost fixed up and ready for a Certificate of Occupancy.  We walked through the building and it was a 1906 hotel on Main Street in Longmont CO.  My client was not at all interested in this construction zone property but something the seller said perked my ears up......the loan was a assumable owner carry at 4% interest only!!!

After offering it once again to my client and making sure he didn't want it, I called the other agent and put my offer in! $1.1 million with $200k down payment. Owner carry for 4 more years at 4% interest only payments. I ran the numbers and figured I could get $12-14k per month if we had the place fully rented. At a 7 CAP the new value fully leased would be $1.5-1.6 million! My problem was I had no money when I wrote the offer!

One of my realtor friends called me up and asked me if I had any properties that he could look at for his 1031 exchange. He had $150k to exchange. I asked him to look at this deal I had under contract and asked him if he would carry a note for $50k until I could pay him. He agreed. Then I went to the seller and asked if they could carry a note for $50k for 3 months while I gathered my funds! He agreed. We closed and I had arranged $15k in commissions to be paid to me so I walked out of closing securing 1/2 of the 12 plex and a check for zero Down!! I paid the seller off and my partner off and now I own the building with my partner! We are taking $2-3k per month in cash flow so I'm making a 24-36% ROI on my $100k investment. My equity position is about $350k.....my half of the $700k equity position!

Partner to make deals happen that you couldn't do yourself.

Be able to identify a deal

Don't Be afraid to ask to carry notes

Have friends doing deals

Be prepared to write a deal and tie up the property

Owner Carry financing is flexible and can be used when you have little to no money

Come to our meeting in Loveland CO on the 10th to learn more about creative financing and creative ways to structure deals!  Posted in events in BP Events and Meet up group called Millionaire Real Estate Investors!  Hope to see you there!

We will be talking about creative financing and OPM!  Prepare for a mind blowing time talking about investing with OPM and creative deals!  There are strategies to make money in all markets.......lets talk about some of them and figure out how to DO them. Make 2018 the year of "DO"!!!