All Forum Posts by: John Rubino

Doesn't look like it workeed....I usually do a Quick Reply and don't see a Hyperlinek in the text box. Oh well I'll keep trying.

John

Thanks Nick (@Nicholas N).

Hope it works.

Okay Mike....Consider yourself part of the group. We'll keep you posted.

Here are the details from the Blog via Mike O'Neill.

Keep the feedback coming so we can build a group list and some products for hopefully our first get together here soon.

John

Hi Folks,

Following Josh Dorkin's discussion thread from earlier this week, I started chatting with John Rubino about getting a group going in the Washington DC metro area, including Northern Virginia and Maryland. We thought it would be worthwhile to gauge interest of BP members for joining in and to propose some topics, the timing of the meetup, and a possible location. If you're interested, please feel free to PM me, John, or just leave a comment below.

As for initial topics, we discussed:

Starting out best practices;
Networking for deals;
Hot spots for rentals, wholesales, and flips;
How to find deals out of town - and where to look;
Financing strategies;
Financial modeling - tools and tips;
Managing property managers;
Planning exit strategies;
Systematizing business operations; and
Q & A.
What other topics come to mind? Please add to the list in the comments section -- any and all topics are fair game, though the group may address them based on majority interest in one topic over another.

Regarding timing, we thought it would make sense to start in either September or October. My initial vote would be for a regular monthly, or even twice-monthly meeting time on the weekend (preferably Saturday mornings so I can get home in time for college football). We discussed starting the meetings in September or October, and further timing issues can be ironed out as more people show their interest.

Lastly, we talked about getting together down at National Harbor. It's a huge space and right off the I-495 Beltway, so hopefully it would be accessible to most folks in the DC-metro area. But we can adjust the locale as well.

So to wrap up, if you're interested in joining, please leave a comment or send a PM to John or me -- and please include any thoughts you might have about topics, timing, or the location of the meetup. The virtual world is great for initial connections, but I'm looking forward to making some real-world BP contacts as well!

Best,

Mike

Will do Josh....Can you school me on how to link names (e.g., @names and Blog Hyperlinks)? Thanks.

Thanks Don!

Hello BP Nation,

I hope this message finds you all well.

Our business, JID Investments LLC. (JIDI) has been doing fantastic to date with projects that have sold in Atlanta and on the market in Southern and Eastern Maryland. We are also getting ready to participate as a 15% equity partner on a 3.125M investment in Washington, DC NW (Adams Morgan area). To date we have raised over 1.5M in capital and are involved in projects where we are providing 100% private financing through our investors for all purchase price and rehab costs.

Our goal on fully financed projects is to receive a 20% return on a 6 month term or 30% on a 9 month term. Our collateral for fully funded projects includes a Personal Guarantee, 3% additional for each partial/full month over the term, and first position on the lien. For the first project only we also require the partner to either choose from an additional 4 points (to be taken out of the investment but paid back to the partner if the project completes within 4.5 months) or an unencumbered asset.

On our joint venture deals we will come in as a 50% equity partner and require a 50/50 profit split on the total earned on that given project.

We are currently interested in the Washington DC, Maryland, Virginia, North/South Carolina, and Georgia markets. I’d love to hear from you if you have a project that needs financing or are looking for a joint venture partner. We are looking at building long lasting relationships where we work with potential partners on a long-term scale. I look forward to hearing from you soon.

Regards,

John A. Rubino

Co-Managing Director & Founder

JID Investments, LLC.

Welcome Jeff. Great to have you onboard BP!

Hi Pam,

My real estate investment company provides capital to rehab projects in the MD/VA/DC/GA/NC/SC markets. I am also interested in any market that meets our model. Let me know if you are interested and I can send you some info on my business.

Regards,

John Rubino