All Forum Posts by: Paolo Agostinelli

Happy to hear that you're able to make it! Looking forward to it, as well.

The Pittsburgh REIA Commercial Group will meet on Tuesday, May 12th starting at 6:30PM.

The video link and dial in number are listed below. 

We will continue talking about how recent events are affecting our real estate investments and all of our direct and indirect businesses. We'll talk about how to manage and to adapt through these uncertain times and what opportunities may be coming our way.

As always, we will have our round table discussion where everyone will have an opportunity to ask any questions they have, to discuss deals you are working on, properties you are looking to purchase or sell, questions about running your business (real estate or otherwise), etc.

New and experienced investors are always encouraged to join us!

Questions or comments? Just let me know.

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Pittsburgh REIA Commercial Group Meeting

Hosted by Paul Agostinelli

Tuesday, May 12, 2020 6:30 pm | 2 hours | (UTC-04:00) Eastern Time (US & Canada)

1) Join by Video Call

https://equitasfundinggroup.my.webex.com/equitasfundinggroup.my/j.php?MTID=m394b9026a8defc73a00a499ef8be9c88

Meeting number: 951 447 719

Password: R3CcS3RMVd3 (73227376 from phones)

2) Join by phone

+1-650-215-5226 United States Toll

Access code: 951 447 719

The Pittsburgh REIA Commercial Group will meet on Tuesday, February 11th at 6:30PM at the Robinson Twp. Eat ‘N Park (100 Park Manor Blvd, Pittsburgh, PA 15205).

This month, we are going to talk about 2 topics that were central to one of the largest commercial real estate transactions in Pittsburgh in recent years - the use of trusts and creative financing in commercial real estate deal structuring. We will talk about 1) how holding commercial real estate or business assets in trusts may benefit you and 2) how creative financing structures can add value to a commercial real estate deal for both buyers and sellers. 

I'm encouraging everyone in attendance on Tuesday night to share their stories about deals they completed through creative financing or deal structuring of their commercial real estate deals - buying, selling, construction, tenant leasing, etc.

As always, we will have our round table discussion where everyone will have an opportunity to talk about any deals they are working on with the group, any questions you have, referrals or resources you need, etc.

Both new and experienced investors are always encouraged to attend.

Just reach out if you have any questions or comments.

The Pittsburgh REIA Commercial Group is meeting on Tuesday, January 14th at 6:30PM at the Robinson Twp. Eat ‘N Park (100 Park Manor Blvd, Pittsburgh, PA 15205).

To kick off the New Year, we’re going to talk about strategic planning and steps you need to take to accomplish your goals in the coming year. So think about what you want to accomplish this year, the goals you set for yourself and your business (real estate or not), how you’re going to accomplish it, and what you still need help with to make it all happen for you.

Also, to help celebrate the New Year, the new decade….and the 25th consecutive Commercial Group Meeting since the reboot of this subgroup in Jan 2018 (I'm feeling ‘slightly’ sentimental this week), I will give away a copy of my hands down, all-time favorite book on commercial real estate investing at this meeting.

We will also have our round table discussion to talk about your deals or anything else you have questions about or need help with.

New and experienced investors are always welcome and encouraged to attend. And if you have not attended a previous meeting before, try something different in 2020 and come check us out!

Let me know if you have any questions - See you on Tuesday!

-Paul

The Pittsburgh REIA Commercial Group will meet on Tuesday, December 10th @ 6:30PM at the Eat ‘N Park - Robinson Township (100 Park Manor Blvd, Pittsburgh, PA 15205).

Richie Stephenson, CPA, from Louis and Plung & Company will give us some tax planning tips and advice as 2019 comes to a close and as we look ahead to 2020. He will also highlight recently passed tax laws that all investors (as well as anyone who pays taxes) need to be aware of.

As always, we'll also have our round table discussion to talk about deals you're working on or anything else you need or have questions about.

Both new and experienced commercial real estate investors are always encouraged to attend!

Hope to see you on Tuesday!

The Pittsburgh REIA Commercial Group will meet on Tuesday, November 12th @ 6:30PM at the Robinson Township Eat ‘N Park (100 Park Manor Blvd, Pittsburgh, PA 15205).

This month, we're going to talk about the different types of strategic alliances (partnerships, joint ventures (JVs), etc) that both residential and commercial real estate investors use, how to manage them, and how to avoid the most common issues and problems when you're a part of one. This is a HUGE topic to tackle, but we'll highlight a few takeaway points that all of us can use going forward. If anyone wants to discuss anything we cover on Tuesday in more detail, let me know and we can certainly talk outside of the meeting.

Along those lines, I'm going to ask everyone as part of our normal round table discussion to think about your "haves and wants". While we're on the topic of strategic alliances, I think it would be beneficial for this group, especially, to openly talk about what they have to offer others and what they still need (knowledge, skill sets, resources, money, deals, etc) to be able to execute any deals you're currently working on our would like to work on in the future.

Both new and experienced commercial real estate investors are always encouraged to attend!

Bring your deals and anything else you'd like to discuss...Have any questions in the mean time? Just let me know.

See you Tuesday!

@Nicole Draper Definitely talk to an experienced RE attorney in your state. Theirs is the only opinion that matters.

My business is not focused on wholesaling, but I know several wholesalers and I will say this. I would never make a reckless claim that I know what "most" wholesalers, or agents, or anyone else are doing out there. Nor would I claim to say what was or was not legal without knowing what the laws are in every state, and how individuals are operating in all of those different operating environments. So, I don't. I know, and more importantly, some of the very best real estate attorneys in my state define a process that is 100% aligned with the law. The fact is that each state has different laws and defines legal contractual rights of all parties, etc. So, if an experienced real estate attorney in a specific state defines a process for their clients that allows them to "wholesale" or whatever you want to call it (contract assignment, specifically, is illegal in PA, so no one I know does that specifically), then unless something changes materially in my state and everyone I know is operating under those rules, then all of the noise out there there does not matter to me because I know that those who follow those processes provided by legal guidance are acting well within their legal rights. (Long sentence, I know. My dinner is getting cold.) Again, speak to an RE attorney in your state who has investigated the issue and let them lead you.

I apologize to all. I was following multiple threads that I wanted to comment on. Please ignore the above post!

@Nicole Draper My business is not focused on wholesaling, but I know several wholesalers and I will say this. I would never make a reckless claim that I know what "most" wholesalers, or agents, or anyone else are doing out there. Nor would I claim to say what was or was not legal without knowing what the laws are in every state, and how individuals are operating in all of those different operating environments. So, I don't. I know, and more importantly, some of the very best real estate attorneys in my state define a process that is 100% aligned with the law. The fact is that each state has different laws and defines legal contractual rights of all parties. So, if an experienced real estate attorney in a specific state defines a process for their clients that allows them to "wholesale" (contract assignment, specifically, is illegal in PA, so no one I know does that specifically), then unless something changes materially in my state and everyone I know is operating under those rules, then all of the noise by those who may have self serving interests to cry foul out there does not matter to me because I know that those who follow those processes are acting well within their legal rights. (Long sentence, I know. My dinner is getting cold.)

The Pittsburgh REIA Commercial Group will meet on Tuesday, October 8th @ 6:30PM at the Robinson Township Eat ‘N Park (100 Park Manor Blvd, Pittsburgh, PA 15205).

This month, Ron Manges from First National Bank will speak to the group about current commercial loan offerings at FNB. 

Lenders are always tweaking their loan products to adjust their own internal portfolio risk profiles, and to competitive and market conditions. So, come find out what products Ron is currently able to offer and what he is seeing in the market.

As always, we’ll spend the second half of the meeting on our round table discussion where everyone will have an opportunity to ask any questions they have, to discuss deals that you are working on, or anything else you need help with or would like to talk about. Also, if you have properties to sell or are looking to buy properties, this is a great opportunity to share that with the group, as well.

Both new and experienced commercial real estate investors are always encouraged to attend!

Just reach out if you have any questions. See you Tuesday!