All Forum Posts by: Jason Hsiao

Oh my goodness, I'm sorry @Jim G. I made a mistake w/ the post and BP doesn't have the feature to edit... it should be 5:30pm.

Come hear the inspiring story of how Raul Luna battles back from Chapter 7 bankruptcy to a 7-figure income. You're guaranteed to leave this session motivated and fired up.

What you'll learn:
- How to get started in real estate
- What's a winning mindset looks like
- How to find deals
- How to structure deals where both parties win

As always, bring your deals to pitch during our "Ask & Wants" or if you're looking for partners.

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Raul was born into the food industry where he started working at a very young age at his family restaurant. He decided to follow the family's path by opening his very 1st restaurant at age 18 and soon realized that food was not his passion and the agent that sold his restaurant helped Raul to get into real estate industry! It was at the age of 19 when he purchased his 1st property subject to and started helping home owners who had their properties on the market for a long time by buying them at a discount with seller financing.

-Founded 4 Restaurants & sold them successfully
-Founder of Ricolife a Direct Selling company that was sold to a publicly traded company and created residual for life!
-Founder of Properties180, LLC
-Founder of Level Up Now Academy

For a bit over a decade Raul feels like he was just playing in real estate (no systems) until he started with Fortune Builders, a world class real estate education system that has allowed him, coupled with developing the right successful mindset to now have a system to buy 5 properties every month and decided to start Properties 180 to enhance communities and peoples lives 180 degrees at a time by helping get distressed owners out of their situation.

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Agenda:
5:30pm - Networking
6:00pm - Introduction | Ask & Wants
6:15pm - Featured speakers
7:15pm - Q&A and Networking

Thank you to our sponsors for making this event possible
New York Life: Tu Nguyen ([email protected] | 408.807.7226)
Conventus Lending: @Brenda Chen ([email protected] | 626-353-7098)

Keyword: San Jose, Santa Clara, Sunnyvale, Los Gatos, Campbell, Bay Area, Fremont, Milpitas, Mountain View, Los Altos, Palo Alto, Redwood City, wholesaling, Financial Freedom, passive income, fortune builder, flipper, fixer upper, mindset, creative deals

@Natalie Hahn mountain view and redwood city has the highest rents in bay area (aside from SF... But trust me you don't want to build in SF a lot of the new constructions going up now took over 10 years to get the entitlement)

@Jay Hinrichs awesome!! You got a foundation guy as well? Can I source some timber directly from you LOL

@Gaurav Mehta that's very reasonable. I usually budget $20-25k for roof

@Alvin Uy I have yes. It's a lot harder in practice... You also have to have it in a fund and there's related parties rules to watch out for etc etc. There's also a lot more capital chasing these deals.

@Alvin Uy go to https://eig.org/opportunityzones it has all the QOZ in the country and you can obviously zoom in to LA area. The challenge is in find a deal that meets the criteria esp the one where you have to double the investment minus land value in 30 months.

@Jinglei Cui there are some exemptions. For example newer units or certain cities will exempt duplex or triplex especially if it's owner occupied which can be great for house hacking.

If you have someone you trust out of state as boots on the ground that's def a good route. Starting out it would be beneficial to be closer in case something goes wrong etc but in bay area the high purchase price def is a hurdle. Some people can still find deals in East Bay stockton or sacramental area if you don't mind a bit of a drive.

You can also invest fresh capital as well and get the complete tax exemption after year 10. You just don't get the step up in basis at year 5 and 7 you would if you re-invested capital gains from elsewhere.

Hi @Linda Labbe, we use Paul Hastings in LA. You can look them up and contact them or msg me I'll forward their contact info to you