Washington REIA Network April Meeting

April 16th,

You can reserve your seat at this link.

Don’t worry, John will be back in time to host our April meeting.

Now onto a thought for today –

We talked about Disney and Jeff Bezos in our last posts. That’s great. But our topic this month really comes down to this – the source of funding for your deals matters.

Whether you are going to wholesale the property you get under contract or do the deal yourself, EVERYONE involved in the deal wants to be sure it’s going to close.

From what I see going on these days, very few people are using their own cash to fund their deals. By that, I mean that they are writing checks from equity lines, or commercial lines of credit.

“But isn’t that their own cash?” you might ask.

Sort of.

You see, those people now have a LIMIT to their funding.

At some point they will run out of funds. It’s sad when those people shut down their business until they can “catch up” to do more deals.

Most of us understand that when you get really hungry and get everything up and running smoothly, the deals are either few and far between, or they are coming fast and furious.

There never seems to be anything in between.

For some people those times of feast or famine may be separated by a few weeks, and for others it may take months to find the next deal.

When I don’t hear from some people for a while because they are “too busy”, I always ask why they are so quiet. Most of the time they are limited in some way.

Sometimes it’s capital. Financial capital.

Other times though – it’s HUMAN capital.

Neither of these problems – lack of money or lack of people – should ever limit you from growing your business.

When the deals are coming in – don’t stop! Keep going and keep growing.

Most of the leaders in the real estate investing world here in the DC area have grown because they didn’t limit themselves when it was time to grow. They found partners or added people to their payroll.

This month at our WREIA meeting we are going to talk about finding capital from different sources and structuring deals so they make sense for everyone involved.

My hope is that at this April meeting we help open the eyes of a few people and help them see a path to expanding their business.

We don’t have anything to sell at WREIA.

Relax. There is nothing like a “6 week path to financial freedom” course that will be sold at the end of the evening. You don’t have to try to escape past the money desk at the back of the room.

In fact, many people stick around and network long after the meeting is done.

If you haven’t attended our WREIA meeting – our members agree that this lack of high pressure selling is refreshing. WREIA has become a safe place to come and network with other area investors and share tips on what’s working and where the trouble spots are in our local area.

At our WREIA meetings you can relax because no one is trying to get their hand in your wallet and get you all worked up and excited about buying a course.

Sit back, enjoy the evening and ask questions when you have them. New or experienced in this business – there will be a few sections for everyone.

Are you the type of person who is at least a little curious what is possible in this business? Don’t you want to know HOW people are getting deals done every day – right here in DC?

I hope to see you on Monday evening. Come on out and surround yourself with people who have a passion for real estate here in the DC area.

And bring your wholesale deals too. One of the wholesale deals announced at a recent WREIA meeting went on to sell for 18k OVER what the wholesaler was asking at our meeting.

Join me on April 16th as we talk about the entire process that goes on behind the scenes when financing properties. It’s a fun topic that I am going to break down into easy steps. By better understanding these steps you will have an edge over your competition and might be a little happier with your 2018 results.

April 16th is a great opportunity for you to ask a few questions like:

• How do I know I have the best finance partner for my project?
• When is the right time to use hard money or private money?
• What the heck is hard money or private money?
• What is a reasonable rate for my flip projects and my rentals?
• My credit history looks like a garbage pail of drama. What are my options?
• Is it possible to finance deals with little money out of my pocket?
• What mistakes do you see people making with their financing?
• What can a Realtor do to help investors close more deals?

Save a few dollars and reserve your seat early. Then, come join us at WREIA – Monday, April 16th. It will be a great meeting to start the spring season, get you motivated, and get some momentum for the rest of 2018.

Join us as we talk about Financing Real Estate in the DC area.

Meet real people doing real deals in real estate – right here in the DC/Baltimore area.

Reserve your seat at this link.

John Peterson
Founder, Washington Real Estate Investors Association