Early Meeting:
Entities and asset protection for beginners. Here at REIAGC, we see WAAAAY too many new investors who are talked into complex, unnecessary asset protection schemes that cost a lot of money and don’t do much to protect you.
At this new investor’s workshop, attorney James Flax will untangle the differences between the most commonly-used entities for owning real estate, running a flipping business, and more, and discuss how having the right –simple!--business structure saves you taxes AND is an important part of your liability-reduction strategy.
Early active
What to do when your (tenant/buyer/debtor) declares bankruptcy
It’s a scary moment when you get one of those big envelopes from the bankruptcy court—and if you deal with enough rentals, or lease/options, or land contracts, or notes, it’s going to happen to you. What are your rights as a creditor? Should you get your own attorney? Are you even allowed to contact your debtor? All these questions and more will be answered at this early meeting!
Main meeting
Lease/Optioning: Your Perfect Wealth Building Strategy with Matt Reed
The exit strategy of leasing houses with option to buy (“lease/options”) has come roaring back along with the health of the housing market. And no wonder; in some ways it’s the perfect strategy, giving you:
- Upfront cash (in the form of a non-refundable ‘option fee’ paid by your tenant)
- Monthly cash flow
- Tax breaks from depreciation and write offs
- Back-end cash, when your tenant buys the property at top dollar in 2-3 years
- Tax-free cash, if you exchange the property or do the deal in your IRA
If you’re looking for a real-life, no B.S., warts-and-all look at how this strategy works right here in Ohio, look no further than our July meeting, when Matt Reed shares his business of buying middle-end homes using private money, renovating them, then lease/optioning them to moderate-income tenant/buyers.
He’ll talk about what types of properties he targets and which he won’t touch with a 10 foot pole, who beats down his door to give him 5-10% cash up front, how many actually buy and why it doesn’t matter when they don’t, and more.
Matt is a REIA favorite for his no-hype style and his deep understanding of how the market works. Be there for this detail-filled presentation.