All Forum Posts by: Kathleen E.

~Note New Location~

****Hyatt House in Rogers****

We look forward to this program every year when we bring together a Panel of Pros to see if you can Stump the Chumps! We're especially excited about our Panel this year. Some of the top real estate minds in the state are sharing their wisdom. Attorney Jenna Fogleman Saifi, Bank President Mark Cloud, General Contractors The Adams Family and Realtor Broker Stephen Mansfield are going to be tough to "Stump"!

Is there a question that's been bugging you, but you haven't known who to ask? Questions about forming or funding that joint venture? The REI funding options available? What is best practice for quality checking your material orders before they are installed? How to shop for that realtor- rei relationship win-win experience? We've got you covered. Bring it on!

Jenna Fogleman Saifi is a Partner at Miller, Butler, Schneider, Pawlik & Rozzell. Licensed to practice in AR, OK, and MO, Jenna is experienced in residential & commercial purchase & leasing, landlord/tenant law, 1031 transactions, contracts, business formation and governance, and estate and trust administration.

The Adams Family. Charlie and his wife, Elizabeth, are long-time investors, landlords and developers in the Springdale area. They're a savvy team working together, keeping up with market trends, have a ton of connections and have mentored many of our REI NWA members. The Adams will bring us their best practices in the area of General Contracting.

Mark Cloud wears many "real estate" hats. Vice President of Commercial Lending for First National Bank NWA, Founder of Integrated Solutions Group providing design and construction consulting for architects, investors and developers. Mark is also on the Springdale Planning Commission. Integrating his construction background with funding expertise makes Mark a "must have" for your team.

Stephen Mansfield is a Managing Executive Broker with Re/Max Real Estate Commercial division. He gained experience during more than 30 years in various positions in the commercial real estate field and has had his renovation projects featured in national publications including Lodging Magazine. Stephen comes to us with a wealth of rei expertise.

Non-Members: $20 Door Charge

Members Always Free

Build-to-rent real estate takes rental property investing to the next level by building new homes from the ground-up for the specific purpose of renting to tenants. Build to Rent (BTR) has been around for a few years now but, it's still a relatively new concept.

Because the sector is generating so much attention and investment, it’s important to understand what’s involved, decide what role you might have in the BTR business, and understand how the niche may help clients. One of our own members is going to give us insight by unpacking his experience in this area:

• The spark of build to rent and why it is growing
• Process of determining profitability of project
• What to look for in a BTR location
• Features attracting the renters
• Gauges to know if this area is for you

Tyler and Renee Casey are the owners of Pro X Property Management, a unique real estate and property management firm focused on helping investors build wealth. Investors themselves, the Casey's have built a 20-unit apartment complex, and currently have 6 infill duplexes under construction, 2 infill SF builds and a 12-unit duplex subdivision in development.

In Person and Open to All!

Non-Members: $20 Door Charge ~ Members Always Free

Most new investors start in the same place of the daunting process of securing funding. Every investment strategy possesses its unique qualities and characteristics. The loan amount, interest rate and terms you’re eligible for depends on your creditworthiness, time in business, annual revenues and the type of loan.

The great news is that many funding options are suited to accommodate every type of investor. The business loan application and underwriting process varies by lender, but most banks and lenders follow the same general guidelines. Today we will get local bank expertise to break down everything you need to know about how to get real estate investor funding.

Best preparation tactics prior to visiting the bank

What of the SBA 10 steps to start your biz is important to the bank

Tips for Investors to bridge banking relationships

Supplying the right financial information when you have the deal

Being spot on when filling out financial statements

Nate Robinson is Vice President at Todays Bank. With a history of working in the banking industry. He also co-owns a successful boutique retail company and residential investment property.

Meetings Now In-Person & Open To All Non-Members: $20 Door Charge ~ Members Always Free

The "Just Us" programs we've had in the past have turned out to be some of the best meetings of the year. Our members are friendly, willing to share what has worked for them and what hasn't. Here's a wonderful way to expand your personal network, hear tips for successful landlording and share what you've picked up along the way.

Buy & Hold investors have unique issues and challenges and who knows them better than other Landlords! We can talk about whatever you'd like. Share your best practices. Discuss thoughts on how the rental market will do in 2024. How have you successfully kept tenant and raised your rates over the last several years. Deciding to turn over to a property management company. Whatever is on your mind, chances are there will be someone there who has experienced your issue.
​​Meetings Now In-Person & Open To All Non-Members: $20 Door Charge ~ Members Always Free

We have heard the scuttlebutt and read some articles about this, but do we really understand the implications of this? In the class-action realtor suit, a federal jury in Missouri ruled that the National Association of Realtors and several real estate brokerages had conspired to fix prices by setting a standard where sellers pay the listing agent a commission — almost invariably 5 to 6 percent of the sale price — that is split with the buyer’s agent.

The decision, which found the defendants liable for about $1.8 billion in damages, a sum that could grow to more than $5 billion, could ultimately uncouple the listing and buying agents’ commissions, so sellers would no longer be obligated to pay the buyer’s portion. Join us today as we will hear from our local realtors the latest updates on this and what could be ahead:

• Has this settled – settled
• How are realtor companies proceeding forward now
• What are we seeing locally
• What all does all this mean to the investor

Colley Bailey is Executive Broker at Lone Rock Home Team at Fathom Realty with experience in residential, new construction and real estate investments. He is also a highly recognized face & voice behind the newly added REI NWA Podcast channel. Showcasing interviews of the regional rei prior to their REI NWA speaking event.

Larry Kelly is a seasoned investor, real estate broker, contractor, landlord, property manager and one of REI NWA's most valued resource. He keeps his eye on local governance issues and has influenced many recent pro-investor changes. Larry is known for his negotiating skills and ability to solve problems through creative financing.

Non-Members: $20 Door Charge

Members Always Free

One of the hallmarks of commercial real estate is that they are income producing! Unlike most stocks, which pay no dividends, commercial real estate is defined by its ability to pay out regular cash distributions.

Its hard fact properties with the highest number of tenants are the ones that are capable of bringing in the highest ROI. These properties include apartment complexes, office buildings, student housing, RV parks, storage facilities, etc. But how is the best entry in? We are bringing you the Pros to discuss going into CR:

· "Gut level" decision of going commercial

·  A look into investments and Projects

·  Planning, resources, time & teamwork

·  Understand the different classes of assets

Rodger Lecy is an Executive Broker, UALR MBA, 15 years in the business and works both Commercial and Residential Transactions. He has worked with many investors looking to build their portfolio as well as sellers unfamiliar with the way the commercial market works. Rodger hosts a radio program on real estate that showcases his talent at putting complex concepts into easy-to-understand terms.

Bob Downum is the Executive Broker at Weichert Realtors-The Griffin Company. Bob has a lifetime of rei experience. Developed his Brokerage business by managing Realtors in all aspects of Commercial and Residential Sectors. An investor himself has an inventory of commercial projects.

Kyle Pattillo is a Community President for Farmers and Merchants Bank in Bentonville, assisting commercial, consumer and agricultural lending customers. And specializes in commercial development and construction. In addition, Kyle serves as a member of the NWA Board of Realtors. He is a past Chairman of the Board for CASA of Northwest Arkansas and the Arkansas Regional MLS Committee.

In Person and Open to All!
Non-Members: $20 Door Charge ~ Members Always Free

Real estate investing is a journey. Most of us start out with one or two single family properties or maybe, if you've had good advice (that you acted on), you house hacked a duplex. However, for many of you, there's a next step. For some, there's another next step and another.

The goal for every investor I know is to make their investments pay off with Passive Income. The path to getting there is as different as the investors to walk it. This month, we're bring you an investor who has successfully navigated that path. Wes started with single family properties and worked his way up through syndications to fund manager. He'll share with us:

• 3 ways to get to $96 K
• The Mindset along the way
• LLC > Partnerships/JVs > Syndications
• An overview of syndications
• One man's journey - How he got there
• How much is enough

Wes Fikes is the owner of North Forty Realty, North Forty Property Management and North Forty Construction located in Bentonville. He's a well-diversified real estate Broker, and cash flow investor with a portfolio of single and multi-family properties and Limited Partner interests in 1,900+ doors located in AR, NC, SC, KY and TX.

Non-Members: $20 Door Charge

Members Always Free

Our members love networking and have asked for a networking only program once in a while without a speaker. We heard you and this month we're having a "Just Us" program.

We can talk about whatever you'd like, but here's a few thoughts that have been on my mind:

• How to find Deals in this Market

• Is a Joint Venture the best way to fund your 1st Deal?

• Finding a Mentor: What do you bring to the table

• Best ways to work with a Realtor

Lets talk about it!

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Meetings Now In-Person & Open To All

Non-Members: $20 Door Charge ~ Members Always Free

You put a lot of time, money and energy into selecting the right tenants - or you should! After all, in a perfect world they will be paying off you asset for years to come. The first step to ensuring that success is the Tenant Interview.

So you've done your due diligence; checked references, confirmed employment and maybe even done a background check. But there's nothing like that face-to-face, look them in the eye interview. And who better to talk about conducting an insightful interviews than an attorney. Jenna Fogelman Saifi has spent her career looking below the surface to identify character and hidden motivation. She'll discuss:

• Setting the tone right from the start
• Open questions to identify character
• Staying out of trouble - What not to say
• Emphasizing key points for good landlord/tenant relations
• Best Practices for long-term success

Jenna Fogelman Saifi is a Partner at Miller Butler law firm specializing in real estate, business formation, and estate planning. Her 9+ years experience in reading people, identifying motivation and finding win-win solutions makes her a valuable asset to your investment team.

Meetings Now In-Person & Open To All

Non-Members: $20 Door Charge ~ Members Always Free

A few months ago, we learned from one of our Pros about the site selection process for your developments. Now that your plans are completed, a next step with your build intent would be to visit the City Planning Commission.
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​This meeting is an opportunity to get things off to the right start with the city and set your project up for acceptance by the city council.

But not all planning commission meetings run smoothly for the applicant. Applicants may not be familiar with certain rules or regulations or focus their proposal on the wrong aspects of their project. Tonight, we will learn how to be project prepared so you can ensure a successful planning commission meeting.

How to Prepare a Rezone Application
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How to Prepare for a Concept Meeting with the Planning Department
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Understanding the Large Scale Development Approval Process
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Understanding the Construction Permitting Process
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Alexandra Tirado is a full-time real estate developer, working alongside her husband James. They are in the process of completing a 30,000 SF townhome development in the heart of downtown Bentonville and are currently planning a 60,000 SF condominium project, also in downtown Bentonville. She also is our Government Affairs team leader working with the scouts to generate our weekly Government Affairs Scout Newsletter.
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​​In Person and Open to All!
Non-Members: $20 Door Charge ~ Members Always Free