Meetings

We will hear from several Montana house flippers.  They will each present a recent project and talk through some of the challenges of flipping houses.  There will be plenty of time for panel discussion so please bring questions.  

Paul Bottomley will talk about his recent project in Billings.

Ryan Mix will also cover a recent rehab in Billings.

Jay Miller's topic is new construction, from planning to sale.  Focus property will be in Stevensville.  He will go over briefly, location, county/city planning, HOA, plans, funding, construction and marketing/sales.  That sounds like a lot, but it will be fairly high level, providing more details during question/answer time.

Get hold of this great book, and try to read before meeting.  Will discuss the book over coffee. 

Mike and his wife have been successfully renting out a room in their home on AirBNB since August of 2017. During this meeting, he will present a high level overview of what it looks like to operate a short term rental. He will deliver insight in regards to the platforms available to list your space on, local regulations, tips to succeed, and much more. This will be more of a 101 class, with the intention to dive deeper later in the year.

An absolute beginner's guide to running numbers. Cap rate vs Cash on Cash returns and how to build your own spreadsheet for each.  We'll focus on guides for beginner's looking to learn how run their own numbers. Tim Ford will be going over the spreadsheet he uses for looking at potential performance of a rental property. 

Todd Williamson has over fifteen years in the financial services industry, currently Vice President of Investments with Wells Fargo Advisors.  As a former practicing CPA Todd has a keen understanding of the math behind investments, particularly tax implications.  Todd will be sharing a few specific strategies that might be beneficial for you.  

For those of you actively hustling to build a portfolio, Todd's first strategy may not be beneficial for you, yet....  But it may be very useful when you want to diversify across more properties and markets, and become totally passive.   This strategy is similar to a 1031 exchange, but allows you to trade one or more real estate assets that you are actively managing and move the money into a private real estate partnership that has numerous large real estate assets across the US.  

Another strategy, for those of you self employed, can roll money from an IRA into an employer 401k, and get access to up to $50,000 cash for use in your investing through a policy loan. 

Join us to hear more about different tools you can use on your way to building wealth. 

A panel of experienced local professionals will cover topics that all new/newer real estate investors should be familiar with as they look to build and grow their portfolio. Even experienced investors will gain valuable information, even if only to revisit the basics.  The panel will be comprised of a residential lender, a commercial lender, an insurance agent, and a CPA. A variety of insights will leave the you feeling more confident and knowledgeable, and there will be plenty of time to pose any questions you have. Please submit questions in advance that you’d like a moderator to ask the panel, or have them ready to ask during the Q&A portion of the presentation.  Panelists include: 

• Tanner Aasheim: Real Estate Loan Officer at First Security Bank
• Cory Hollern: Commercial Lender at First Security Bank
• Dusty Daws: Owner of Dusty Daws State Farm Insurance
• Kyle Blessinger: Manager at Wiplfi 

Would you like to diversify your portfolio with Hip Hop, Rock and Country: Investing in Music Royalties.  PJ Miklus with Royalty Exchange will educate us on how to invest in music and other royalties.  

PJ Miklus is currently head of investor relations at Royalty Exchange, the oldest and largest platform for buying and selling media-based IP royalty assets, raising more than $65 million for rights holders in 650 + transactions in just over three years. PJ previously pioneered new client segments while fund raising for multiple alternative investments across hedge funds, private equity and venture capital on Wall Street for 10+ years. PJ earned an M.B.A. from NYU Stern School of Business in 2013 and a B.A. from University of Maryland in 2004.   

We all know that investors today are looking for consistency, stability, yield and new ways to insulate their money from market volatility. Many of them are now turning to music royalties and finding one of the purest forms of uncorrelated income available.

What’s more, recent music industry trends are significantly improving the cash flow earned by many royalty rights holders. Experts agree that we’re in the early innings of a music industry bull market that could dwarf that of the introduction of compact discs (CDs) in the early 1990s.

With premium music royalty assets, investors find:

• Steady income
• Relative stability
• Upside Potential  (Especially now)
• Longevity(royalties are paid for the life of the artist + 70 years)
• Tax advantages

PJ will be discussing music royalties as an asset class on at our October meeting. Don't miss it!

**Todd, our speaker, had a last minute conflict.  We will still have meeting, but it will be open discussion.  Bring questions or ready to talk about any latest investing projects you have going.  We will get Todd at a later meeting**

Todd Williamson has over fifteen years in the financial services industry, currently an associate vice president at Morgan Stanley.  As a former practicing CPA Todd has a keen understanding of the math behind investments, particularly tax implications.  Todd will be sharing a few specific strategies that might be beneficial for you.  

For those of you actively hustling to build a portfolio, Todd's first strategy may not be beneficial for you, yet....  But it may be very useful when you want to diversify across more properties and markets, and become totally passive.   This strategy is similar to a 1031 exchange, but allows you to trade one or more real estate assets that you are actively managing and move the money into a private real estate partnership that has numerous large real estate assets across the US.  

Another strategy, for those of you self employed, can roll money from an IRA into an employer 401k, and get access to up to $50,000 cash for use in your investing through a policy loan. 

Join us to hear more about different tools you can use on your way to building wealth. 

This will be a working meeting.  Pat will give an overview of tax liens in Gallatin County.  Then we break up into small groups and look at current tax lien opportunities.  You will be required to sign a confidentiality agreement with Gallatin County to be able to see the information provided at this meeting, Pat will have these available.  This may result in individuals pursuing these opportunities at the end of the night.   This should be fun.  

The FIRE movement (Financial Independence, Retire Early) is... well on fire.  Mr. Money Mustache, the Mad Fientist and others have pushed the idea that you do not have to follow the cultural norm of working full time for 40-50 years before retirement.  Just out in theaters only is the documentary Playing with FIRE.  

Playing with Fire showcases a radical subculture known as FIRE, that embraces frugality and financial optimization to achieve financial independence. Follow one family’s journey to acquire the one thing that money can’t buy: a simpler — and happier — life.

Buy tickets here: https://www.tugg.com/events/playing-with-fire-07jb

Your ticket will get you into the after-party where we will have refreshments, panel discussion and social time with like-minded people.