Meetings

Minimize Tax Burden with 1031 Exchange

1031 exchange building

With the recent appreciation in real estate, it may be time to sell that rental property and roll it into something bigger.  But what about taxes on the capital gains, and what about all that depreciation tax write off I have enjoyed over the years?  Learn how to minimize your tax burden with a 1031 exchange.  Karen Martin and Tarie Asay with Bozeman's own 1031 Property Exchange company specialize in these transactions.  They will be presenting and discussing how these transactions work and the rules around them.  

Meeting date
Meeting time
6:00 PM - 8:00 PM
Meeting location
Country Inn & Suites by Radisson: 5997 E Valley Center Road, Bozeman 59715.

Open Discussion

passive cashflow

No speaker, although some random ramblings to get discussion started.  A chance for us to catch up, share thoughts and insights and socialize as a group.  Encouraged to bring refreshments for yourself or to share.  

Meeting date
Meeting time
6:00 PM - 8:00 PM
Meeting location
Country Inn & Suites by Radisson: 5997 E Valley Center Road, Bozeman 59715.

Can You Buy Mortgaged Real Estate Using a Retirement Account?

Roger St Pierre

Some of you have invested in real estate with your retirement accounts, either syndications or all-cash.  But what if you want to buy a duplex and use money in your IRA for a down payment?  The challenge is the lending.  Banks often want a personal guarantee, but the IRS does not allow you to give that if the asset is held in your retirement account.  Another challenge is owning real estate within an LLC vs holding in your personal name.  Banks often will not lend to LLCs.  First Western Federal Savings Bank, based out of Rapid City, SD, is one of the few lenders in the nation that provides this kind of lending.  They provide non-recourse loans and specializing in lending to individual retirement accounts for real estate.  The LTV and interest are not the same as conventional loans.  We will hear for the bank's founder, Roger St. Pierre, who has over thirty years of lending experience.  Find out how this unique financing works.  

Meeting date
Meeting time
6:00 PM - 8:00 PM
Meeting location
Country Inn & Suites by Radisson: 5997 E Valley Center Road, Bozeman 59715.

Lending Fundamentals & Strategies

Tanner and Cory

How do you fund your first deal, fifth deal, tenth deal and what are the differences if you plan to use the property as your primary residence, a short term rental, or a long term rental? How about if it is a condo versus a single family home versus a multifamily property or even an apartment complex? There are many nuances to lending, and this presentation will help you understand how to prepare yourself to successfully get your investment financed. We will have two experienced lenders from First Security Bank presenting this month.  Tanner Aasheim is a Residential Mortgage Lender and Cory Hollern is a Commercial Lender here in Bozeman. They will have a wealth of information to share, and they will be ready to answer your questions too. So whether you're looking for Lending 101 information or are seeking information for more advanced lending strategies, these guys will have you covered! 

Meeting date
Meeting time
6:00 PM - 8:00 PM
Meeting location
Country Inn & Suites by Radisson: 5997 E Valley Center Road, Bozeman 59715.

So what is an ADU and how can I build one?

headshot of Keith

Want to help with affordable housing and create some passive income?  You may be able to build an additional dwelling unit (ADU) on the home you live in.   An apartment over the garage, an attached mother-in-law suite, or a detached unit on the same lot.  Keith Miller is the President of the Missoula Real Estate Meetup, and is focused on infill development. He has built his own ADU, and is currently building two backyard townhouses. He will be providing an overview of how to build your own ADU, including codes, permitting, financials, process, and tips.  
 

Meeting date
Meeting time
6:00 PM - 8:00 PM
Meeting location
Country Inn & Suites by Radisson: 5997 E Valley Center Road, Bozeman 59715.

Christmas Party (Members Only)

Party Invitation

Come enjoy some pre-season holiday cheer.  We will be celebrating the growth of our club and, more importantly, the growth in our member's passive income!!!  There will be awards, please check your email for how to vote for award winners.  

Meeting date
Meeting time
6:00 PM - 8:00 PM
Meeting location
Country Inn & Suites by Radisson: 5997 E Valley Center Road, Bozeman 59715.

Due Diligence

looking through binoculars

One reason some people will not invest in real estate is they think it is risk.  But real estate can be much less risky than the stock market with a little due diligence.  How do you look into a deal to make sure you fully understand the risks?  Due diligence.  We will be hearing from Len and Cory Janson.  Members of our club that have closed a number of deals in several states.  single family, plexes, apartments, and commercial space; the Jansons have analyzed a lot of properties.  They will be sharing their playbook for how they dig into details of a property to understand all the challenges.  

Meeting date
Meeting time
6:00 PM - 8:00 PM
Meeting location
Country Inn & Suites by Radisson: 5997 E Valley Center Road, Bozeman 59715.

How to reduce your taxes by buying tax credits

Money with "Taxes" on tile

Ben Franklin say "nothing is certain except death and taxes."  We will hear from Kenneth Blaine with Credits and Incentives Crop.  There are some activities (creating a film for example) that some states will provide tax credits.  If the creators cannot use all of the tax credits, Kenny's company will help sell them to high income individuals.   They are sold at a discounted rate so the return seems nearly as certain as paying taxes.  

Meeting date
Meeting time
6:00 PM - 8:00 PM
Meeting location
Country Inn & Suites by Radisson: 5997 E Valley Center Road, Bozeman 59715.

Investing as a Team Sport: Participating in a Syndication

apartment complex

Chad Laird works with Granite Peak Equity.  They put together syndications and other investment opportunities in the apartment space.  A syndication is a group investment, and a great way for investors to participate in real estate, while leveraging someone else's time and expertise to put the deal together and manage the investment.   Chad will provide an example of a past investment and talk about what syndication looks like. 

Meeting date
Meeting time
6:00 PM - 8:00 PM
Meeting location
Story Mill Park 698 Bridger Dr

Shoot the Bull

bring a snack or beverage

Every few months we like to have a session where we have open discussion.   The collective knowledge of the group is such that these open-ended discussions often produce a pile of good information.  Bring your own favorite beverage or snack; and if inclined bring enough to share.  

Meeting date
Meeting time
6:00 PM - 8:00 PM
Meeting location
Aspire Real Estate and Google-Meet