Meetings

Finally Face to Face: Open Discussion

meeting room

We are meeting face to face at Springhill Suites.  Open discussion, sharing deals closed in last several months, overview of market outlook and networking.  

Meeting date
Meeting time
6:00 PM - 8:00 PM
Meeting location
Springhill Inn and Suites: 1601 Baxter Lane, Bozeman

Back to Basics - Due Diligence

Analysis and charts Photo by fauxels

This month we will be doing a Back To Basics meeting that will cover Due Diligence. What do you need to be thinking about before you make an offer, and after getting a property under contract? We'll look at basic provisions, and run through some scenarios. Bring your questions, knowledge, and experience! We'll also be doing a 15 minute check in at the beginning of the meeting to gain a better understanding of what the local market is doing, and what we're all seeing out there in these changing times.

Meeting date
Meeting time
6:00 PM - 8:00 PM
Meeting location
Online, look for zoom link in newsletter

Open discussion of coming opportunities

We will have an open discussion of the current status of the market and coming what we believe are the coming opportunities.

Meeting date
Meeting time
6:00 PM - 8:00 PM
Meeting location
Zoom meeting: Members check email for link; couch surfers message Mike or Pat for link

Hard Money Loans

Canva - Person holding $100 notes

Flipping houses often requires all cash since banks do not like to lend on distressed homes.  At the last meeting, the three house flippers all mentioned help with costs from equity partners or lenders. Next meeting, we will have another expert panel: hard money lenders.  You might be interested in borrowing to help with your next project or interested in lending to get a good interest rate and have your loan backed by a hard asset.  Either way, this should be an informative meeting.  We will hear from three great speakers:

  • Pat McGowen is the lender on one of the projects you heard about last month.  You will get to see that project from the lenders perspective and hear about Pat’s experience lending
  • Craig Jennings, like Pat, is an individual investor/lender but in Memphis.  Craig will share his experiences with hard money lending.  Craig may be moving to Bozeman, so we hope to see more of him in the future.
  • Kimberly Knapp, in addition to investing in Montana and California, is a hard money broker, matching lenders and borrowers. 
Meeting date
Meeting time
6:00 PM - 8:00 PM
Meeting location
Virtual only, link in newsletter. Couch Surfers ask Mike or Pat for link

Fix and Flip

House repair

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.

Meeting date
Meeting time
6:00 PM - 8:00 PM
Meeting location
Springhill Inn and Suites: 1601 Baxter Lane, Bozeman

Books and (coffee) Brews

Money Master the Game by Tony Robbins

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

Meeting date
Meeting time
6:00 PM - 8:00 PM
Meeting location
City Brew on N 7th

Short Term Rentals

Mike Smith

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.

Meeting date
Meeting time
6:00 PM - 8:00 PM
Meeting location
Springhill Inn and Suites: 1601 Baxter Lane, Bozeman

Back to Basics – Property Analysis

Tim Ford with calculator

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. 

Meeting date
Meeting time
6:00 PM - 8:00 PM
Meeting location
Bozeman Brokers: 1745 South 19th Suite 2, Bozeman

Innovative Investment and Tax Strategies

Todd Williamson

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. 

Meeting date
Meeting time
6:00 PM - 8:00 PM
Meeting location
Awe Real Estate 29 W Main, Belgrade

Core Investor Knowledge: Back to Basics

Pictures of Panel Members

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 
Meeting date
Meeting time
6:00 PM - 8:00 PM
Meeting location
Awe Real Estate 29 W Main, Belgrade