ROCKY
MOUNTAIN COLLEGE BUSINESS AND ECONOMICS PROFESSOR. Scott Severance, one
of the most popular and beloved professors at RMC, a real estate
investor himself, and an accomplished speaker and writer is coming to
help BRIC members get ready for 2010. January is a great time to get
focused on setting goals for the upcoming year both for your business
and yourself. Attendees of this meeting will leave inspired to charge
forward with sound information regarding the state of the economy and
an individualized plan of action for the new year.
ABOUT SCOTT:
·Spent sixteen
years as a head basketball coach at the college and high school levels.
·Has run three successful small businesses to
date.
·Played professional basketball overseas, and
has traveled and played in 28 countries around the world.
·Is a member of the
RMC Athletic Hall of Fame.
·Is an artist and
continues to find ways to market his work.
·Does consulting
for small business owners.
·Sam Walton Fellow,
Montana Coaches Association
·Does several
speaking engagements each year.
February 25, 2010
LOCAL
BANKER - BRIC will host a local banker in February to give us a very
detailed report on where investors can find money, where rates and
requirement guidelines stand and the state of the banking industry
currently as well as the forecasts for 2010. Have you heard they've
changed the secondary requirement back from 4 to 10 spots? Come to this
meeting and find out of the rumor is true!
*December 30, 2009 (WEDNESDAY!)
STRUCTURAL
ENGINEERING TRAINING: Wes Krivonen, a very well-respected local
structural engineer and all-around good guy, of Krivonen Associates
will teach us how to be more sophisticated buyers of property in
Billings and the surrounding areas. He will show us what to look for,
what to avoid, and other important information along with the usual
disclaimers because in an hour or so, really, he can't do it all!
*November 25, 2009 HOWARD SUMNER!
HOWARD
SUMNER'S MARKET RECAP: This is BRIC's most popular meeting. Howard will
be back for 5th Annual Market Update to share with us the statistics of
what has happened in both real estate sales and rentals. His reports
are jam-packed with useful information and he wraps up with his
prediction for the following year. So far, Howard has yet to lead us
astray. This meeting is always packed. Come early!
October 29, 2009
MARKETING FOR REAL ESTATE INVESTORS! One of the top marketing executives in Billings, Doug McIsaac has agreed to
teach us the basics of using social networking to identify, target and reach
your buyer/seller. Doug is the owner/principle of socialmontana.com and CEO of
socialtraffic.biz. Everyone's twittering, facebooking and now BRIC will help
you understand how you can use these tools to increase your sphere of influence
or at least understand the buzz. Did you know the MONTHLY growth of Twitter is
over 132%? Or that Facebook has over 300 million users and is growing 8% a
month? Wow - this is big!
ABOUT DOUG MCISAAC: Doug is currently the CEO of Social Traffic
Inc, the training and certification arm for Simon U Ford, the author of the
wildly successful eBook Social Traffic. Social Traffic's first public courses
will launch in October 2009. Social Traffic has proven itself to be on the
leading edge of Social Media training through several years and thousands of
hours of on the ground testing to find out what truly works to drive traffic and
build your business.
With almost 20 years of business ownership and
management experience, Doug is an entrepreneur at heart and enjoys helping other
business owners grow their businesses. Doug has been utilizing online tools to
build businesses since 1997 when he built RMTG, Billings, Mt based software
company from a $6,000 investment into a 30 employee company that delivered ARx
the pharmacy management system used in all of the Albertsons pharmacies in the
nation.
September 24, 2009
APPRAISAL
PROFESSIONALS. Leonard and Kathy Dailey, highly reputable and
experienced appraisers who own and operate EI Appraisals and who also
teach appraisal basics to realtors, are presenting the shocking/strict
changes that have come down since the credit crisis. They were recently
in a very important meeting with Senator Tester where 22 real estate
professionals in Montana shared with him the negative impact of recent
legislation. The Daly's will share with us the information we need to
be in the know.
HEATING AND COOLING COMPANY OWNER: Pat Harmon
of Midwest Heating and Cooling will speak to BRIC about the new law
affecting investors. Did you know owners of all income properties with
fossil fuel burning heat sources must have carbon monoxide detectors
installed by October 1, 2009 in the State of Montana? Pat is going to
teach us the difference between the models of CO2 detectors as well as
where and where not to install them in order to have the best
protection without alarming false readings. May 30, 2009
Seller
Financing From BANKS: The Million Dollar REO and Foreclosure Technique
Speaker: MIKE WATSON
Mike taught us how to work with banks to liquidate their REO portfolios and lend you 100% of the money you need to do this. This technique is really cool. Talk to a BRIC member who attended the meeting to get more information. This was a good one.
April 30, 2009
Speaker: Bob Gephart, Life Success Coach
Topic: The Science of Achieving Your Goals and ... Getting Rich
Right
now, you're standing on the brink of your possibility. It's time to
seek out your destiny. It's time to see and achieve one goal after
another with a clear-headed and confident stride ... no matter how big
you might think that goal to be.
Bob Gephart is a member of
Bob Proctor's International Teaching Team. Built around the ancient
text that spawned the movie, "The Secret," Master Secret Teachers Bob
Proctor and Jack Canfield's Science of Getting Rich is the
world's only comprehensive method ever known to EXACTLY and IMMEDIATELY
begin creating real wealth and abundance for every person who follows
its simple direction.
March 26, 2009
Thursday, 6:00 p.m. doors open
TOPIC: Stimulus Bill Items Affecting RE Investors + Updated Mortgage Programs & Terms
SPEAKER: Mike Hennessey & Kara Cotter, Countrywide Home Loans
BIO: Mike R. Hennessy Housing Authority of Billings 1983 – 1991 Section 8 Rental Assistance Administrator Intermountain Mortgage 1991 – 1996 – Mortgage Originator Mann Mortgage 1996 – 2005 – Branch Manager First Citizens Bank 2005 – 2006 – Mortgage Loan Officer The Hennessy Group 2006-2009 – Owner Operator Mortgage Broker & Built Three Houses Countrywide Home Loans – Current – Home Loan Consultant/Sales Manager
BIO: Kara Cotter Countrywide Homeloans - 2006-2009 Kara grew
up in a Realtor home and worked in a Real Estate office for 2
years. She served agents with marketing requests under her own
freelance company. Kara has a Bachelors degree from the University of
Colorado in Business and Marketing and joined Countrywide in September
of 2006. Though she has worked closely in real estate Kara found her
passion to be financing. She specializes in residential financing and
working with first-time homebuyers.
Mike & Kara will talk
first about which aspects of the "Jobs Bill - aka Stimulus Bill" will
directly impact either a purchase or exit strategy for RE buyers &
seller. They will also cover how the retraction of the “Creative”
products used liberally over the last 5 – 7 years has returned the
markets to the conventional & governmental products which
previously dominated the industry (FHA, VA, Rural Development). They
will also address the reality that we as investors will find more
restrictions in lending and plan to bring ideas for getting deals done.
February 26, 2009
TOPIC: Investing in Commercial Real Estate
SPEAKER: Matt Robertson, Coldwell Banker Commercial Real Estate Agent
Matt Robertson of Billings, MT has been in the Real Estate market for the past 6 years and is currently specializing in Commercial Real Estate. Matt graduated Magna Cum Laude with a degree in Business Administration (option in finance). He was 1 of 4 American's to be chosen to participate in a 3-month global leadership conference held at Lehigh University. Prior to his real estate experience Matt was a portfolio analyst for American Express. As an analyst Matt worked with local investors and planners to help evaluate investment opportunities and manage investment portfolio risk. Once in real estate Matt began specializing in foreclosure and multi-family properties, and closed nearly 2 million dollars worth of real estate in his first year. Matt is an active member in the Rotary Club of Billings, a supporter of the Downtown Billings Association, Billings Chamber of Commerce, and the Big Sky Economic Development Authority.
January 29th, 2009
TOPIC: Tax changes for 2009
SPEAKER: Jeanne Stecher
Jeanne Stecher graduate from Havre Central High School and has a BA from Kinman Business University of Spokane, Washington. Her love of taxes drew her from a General Motors Accountant position at Evans Engine Spokane, Washington to pursue a profession in the Income Tax Industry. She has 40 years in the tax industry. In 1984 she earned her “Enrolled Agent” status and was licensed by the U S Treasury to practice. This required her to pass a four part exam on all areas of taxation. It is administered annually in Helena by the Internal Revenue Service. It also requires that continuing income tax education be annual for the renewal of her license. The Accreditation Council for Accountancy & Taxation, Inc (ACAT) has designated her as an Accredited Tax Preparer and Tax Advisor in 1996.
She is also a member of the National Association of Enrolled Agents, National Society of Accountants, Montana Society of Public Accountants, American Society of Woman Accountants, National Society of Tax Professionals and ACAT.
Jeanne has owned her own Accounting & Tax by Stecher EA practice for the past twentyone years and currently employees five full time employees and four employees part time. They are located at 807 Grand Ave, Billings, Mt.
November 20th, 2008
TOPIC: Where Investor Financing Stands in the Wake of the Credit Crises
SPEAKER PANEL:
Commercial Banker: Wayne Nelson, President Heights Branch of Stockman Bank Credit Union: Kip Post, Avanta Federal Credit Union Mortgage Broker: Tavell Peete & Ramani Arnett, Division Mortgage Group
Each speaker gave a brief overview of the credit crisis from the prespective of their particular industry. A lively discussion and round of Q&A's followed.
October 30, 2008
TOPIC: Yearly Market Report
SPEAKER: Howard Sumner
4th Annual - Billings Market Year-End Wrap up with Howard Sumner. Howard has published dozens of newspaper articles, and compiled one of the area's largest real estate statistical databases. His knowledge and many years of experience have earned him a reputation as one of Billings' most reliable real estate experts. Howard's peers have honored him with awards for real estate excellence including Billings' Realtor of the Year in 1995, and Salesperson of the Year in 2003.
September 25, 2008
TOPIC: 1031 Tax-Deferred Exchange from A-Z
SPEAKER: Ted Lovec, President of American Title Company and American Exchange Corp
From AM Exchange's Website ... In a typical transaction, the property owner is taxed on any gain realized from the sale. However, through a Section 1031 Exchange, the tax on the gain is deferred until some future date.
Section 1031 of the Internal Revenue Code provides that no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business, or for investment. A tax-deferred exchange is a method by which a property owner trades one or more relinquished properties for one or more replacement properties of "like-kind", while deferring the payment of federal income taxes and some state taxes on the transaction.
Ted was recently voted Title Person of the Year for 2008. A well-known expert in the field of 1031, he was our natural choice for bringing this topic to BRIC. Ted will be teaching us not only about the different reasons an investor would utilize a 1031 exchange but the different types (do you know how to complete a reverse 1031?). We will also learn about Accommodators & Qualified Intermediaries and basically how to use this powerful strategy when reorganizing, selling, or otherwise making changes to your portfolio.
May 29, 2008
TOPIC: TOPIC: Proven Strategies and the Basics of Investing in Commercial Real Estate
SPEAKER: Matt Robertson, Coldwell Banker Commercial Real Estate Agent
This meeting will pack a 1-2 punch. First we'll learn how actual investors in Billings have created real wealth through specific strategies. Additionally, Matt will teach us the basics of investing in commercial real estate. Young and technologically savvy, Matt is known around the Billings commercial market as being a real go-getter! He started out as a residential realtor and transferred to commercial after seeing what an amazing opportunity there is to build real wealth through this type of investing. There are only a handful of agents with expertise in commercial real estate in Billings and there is no MLS! Matt’s talk will be a real eye opener to those of us who have been curious about investing in commercial real estate but need to know where to start and what to look for.
About Matt:
Matt Robertson of Billings, MT has been in the Real Estate market for the past 6 years and is currently specializing in Commercial Real Estate. Matt graduated Magna Cum Laude with a degree in Business Administration (option in finance). He was 1 of 4 American's to be chosen to participate in a 3-month global leadership conference held at Lehigh University. Prior to his real estate experience Matt was a portfolio analyst for American Express. As an analyst Matt worked with local investors and planners to help evaluate investment opportunities and manage investment portfolio risk. Once in real estate Matt began specializing in foreclosure and multi-family properties, and closed nearly 2 million dollars worth of real estate in his first year. Matt is an active member in the Rotary Club of Billings, a supporter of the Downtown Billings Association, Billings Chamber of Commerce, and the Big Sky Economic Development Authority.
April 24, 2008
TOPIC: All Aspects of Insurance for the RE Investor: Including Residential & Commercial Property + Business and Personal Liability
Speaker: Streeter Bros Panel - Linda Schmaing and Shaunna Kemm
March 27, 2008
TOPIC: Answers to questions presented by BRIC Members
Dave Wass, Appraiser & Appraisal Instructor AQB Certified USPAP Instructor
David's presentation was excellent. Members walked away understanding the role of an appraiser and the methods they use to estimate value. Dave also gave us some minor insight into what is and isn't flipping. Buying a house, improving it and reselling it for a profit does not fit the definition of "flipping" in fraud terms. This supports the notion that the best terms to describe this practice include "rehabber" and "quick turn." Sometimes referred to in Billings as "The Appraisal God," David has 29 years experience including authoring/preparation of forms & narrative reports and 20 years of specific appraisal experience specializing in narrative reporting, commercial, industrial & investment property analysis. He has served as Expert Witness at all court levels. Mr. Wass is the original founder/partner in Appraisers Canada, a multi-faceted Ontario, Canada based appraisal corporation specializing in all types of appraisal assignments and is co-founder, president & CEO of Appraisers International Inc., a multi-faceted Montana, USA based corporation specializing in all types of appraisal assignments. BRIC is very excited to bring David Wass to our membership - he is the go-to guy for appraisals in many parts of the country. We are honored to have him.
February 28, 2008
TOPIC: FINANCING: In-house (Portfolio) and Secondary Market Financing in Billings
Speaker: Panel: Wayne Nelson, Presdient Stockman Bank Heights Branch and Tami Pisk - Secondary Market Mortgage Department Director.
Wayne and Tami are going to bring the goods. Consider it a continuation of AJ's talk about the "right answers" to use when getting a deal funded. Wayne will talk about the commercial side of portfolio lending and Tami will talk about how and when you can use secondary market lending to accomplish your financing needs.
January 31st 2008
TOPIC: Former Banker Reveals Financing Secrets!
Speaker: AJ Stutz - Full-Time Real Estate Investor
AJ, a BRIC member and full-time investor for over eight years shared his knowledge as a former banker with US Bank. He gave us formulas for calculating the profitability of a deal (not just cap rate - but also formulas that take financing into consideration). He gave us the banker's view of a financing request so we can better package ourselves to get deals funded. Did you know owning beneficial interest in your parents' or grandparents' estate can be listed on your balance sheet as an asset?
December 2007 - Pam Robbins, A.D. - Strictly Business Interior Design
TOPIC: Preparing a Property For Sale - Staging for quick and profitable sales.
Pam Robbins is an interior designer with over 25 years of experience. She earned her Associates Degree in Interior Design from Southwestern University in Southern California and has spent the last 10 years working in property sale preparation. Pam shared the tips and tricks designers use to make a room seem bigger, to draw the eye to an architectural focal point, to make a flaw recede into the background, to have your potential buyer walk in and say, "Wow!" She covered the upgrades you should consider as well as those to avoid for the quickest turnaround with the least expenditure. Her talk was very informative and several BRIC members asked if we can book her again next year.
November 2007
3rd Annual - Billings Market Year-End Wrap up with Howard Sumner. Howard predicted the rental market will be even stronger in 2008. The gap between the cost to own the average house and rent the average house is over $400 which will send lots more qualified renters into the market. The "slow down" in real estate does not appear to be hitting Billings in light of our steady population growth and national companies (e.g. GE, Cabela's, Macy's) bringing good paying jobs to our community. We have a continued need for more work force housing, affordable rentals, and it's a great time to be a landlord in Billings.
Howard has taken over 60 real estate education courses, published dozens of newspaper articles, and compiled one of the area's largest real estate statistical databases.His knowledge and many years of experience have earned him a reputation as one of Billings' most reliable real estate experts. Howard's peers have honored him with awards for real estate excellence including Billings' Realtor of the Year in 1995, and Salesperson of the Year in 2003.
Wyeth Friday.JPG
October 2007 - Wyeth Friday, AICP, Planning Division Manager
City of Billings Planning and Community Services Department
Wyeth Friday is the Planning Division Manager for the City of Billings Planning and Community Services Department. The Planning Division provides planning services to the City of Billings and most of Yellowstone County. He has worked for the Planning Division for four years. During his tenure, he has received his certification from the American Institute of Certified Planners, and took on the role of planning liaison to the Board of County Commissioners and County staff on planning projects in the County.
Wyeth grew up in Hamden, Connecticut, and worked as a journalist for six years in Virginia, Connecticut and Wyoming. He spent three years working for The Sheridan Press in Sheridan, Wyoming, covering planning issues. The work in Sheridan sparked his interest in planning and he completed a Master’s Degree in City and Regional Planning at Cornell University in Ithaca, NY.
Growth management and good planning are vital to the future of the Billings Community, according to Wyeth. He says he leads an excellent Planning Division staff in helping shape the Community’s future.
September 2007 - Lauri Lauri Waddell – President Dew Services LLC
BRIC was excited to be able to present Lauri Waddell in September. Lauri Waddell is a motivational speaker, an expert in short sale packaging, a 50 state certified investment mortgage broker, and an award-winning mentor. Lauri is an expert is short sales and foreclosures will be presenting a short sale package for those of you who work with loss mitigation departments. She wil also show us her financing packages that work in Montana and are specifically created for investors. This meeting has the potential to send you to the big time.
Speaker: May 31, 2007 - Andrew T. Billstein, Attorney with Brekke Hoskins, PLLC.
Topic: Business Entity Primer - The functions and differences between an LLC, LP, C Corp, S Corp, etc... including the potential positives and negatives of owning real estate in these entities as an investor/landlord in Montana. There will be an extended question and answer session at the end of his primer. Bring your questions!
Andrew was born and raised in Billings, Montana. He attended Hillsdale College in Michigan and graduated in 2000 with a BA in Political Economy. He then attended the University of Montana School of Law and graduated with a Juris Doctorate in 2003. Andrew has been an associate with Brekke & Hoskins PLLC since 2003. Andrew is a member of the State Bar of Montana and the Yellowstone Area Bar Association. He is also a member of the board of directors of the Eastern Montana Association of Affordable Housing. Andrew specializes in estate planning, business planning and real estate law. One of Andrew's specialties is in tax-exempt entities including residential and commercial development associations such as homeowner’s associations. Andrew’s e-mail address is ABillstein@BrekkeHoskinsLaw.com
April 2007
Tyler R. Elkin ty_elkin.jpg
Ty is a Senior Vice President at Yellowstone Bank in Billings. A flexible and knowledgable commercial banker, Ty is responsible for business, commercial and real estate lending at the West End YB Branch. He works with many investors and developers and will be discussing Yellowstone Bank's “in-house” real estate loan structure – specifically down payment requirements, the ability to leverage other assets, flexibility in payment terms, appraisal requirements, etc... Many seasoned investors use "in house" loans to remain flexible and competitive. See you in April!
March 29, 2007 - Rica Dombrovski - First Montana Title
Rica.bmp
Phone (406) 869-9667 Fax (406) 294-1985
Your title company is an important member of your team. Rica will be talking about the real estate process from the title standpoint. She will be presenting a new product she is working on specifically for investors -- the foreclosure report --. It's free and may be very beneficial to BRIC members who work in foreclosure, preforeclosure & short sales. Rica may bring another title officer with her. ATTN BRIC members: Feel free to bring your questions!
February 22nd, 2007
Matt & Brigid Wagner Owners/Operators BillingsbyOwner.com 1302 24th Street West, #252 Billings, MT 59102-3861 (406) 671-4845
BillingsByOwner.com is a locally owned and operated web service that provides excellent and affordable web advertising for people who are selling real estate on their own. Several BRIC members have successfully used BillingsbyOwner.com's service. Matt and Brigid presented their "For Sale By Owner" product to BRIC members and showed us how to use it (for those of us who struggle with computers!) They are not real estate agents. Their product is similar to the MLS but the listings are all from FSBO sellers. When a deal is tight - BillingsbyOwner can provide a viable exit strategy for investors. BRIC was pleased to feature BillingsByOwner.com in February. The members who attended gave Matt & Brigid high marks.
January 25, 2007 - Jim Adamek (E-focus & Free Rental Finder)
Jim works with his wife, Cari, in their web development business which was founded in 2001. Their passion is to provide relevant website designs for small business. In the printing business for many years, they have experience working for small businesses including one owned by Cari's father. Their expertise was in typesetting and desktop publishing. They wore many hats in this business - their duties included customer service, database programming, inventory control, accounting, shipping and receiving, quality control, employee problems (er! "relations"), etc. They know firsthand the challenges that small business owners face.
They started e-focus with a dedication to helping small businesses take advantage of the many resources that the internet provides ... truly putting the internet to work for you. They found early on that their customers wanted some degree of control over the content in their website. This might be in a photo gallery, shopping cart, or real estate listings. In recent years they've focused their attention on the rental market. They started Free Rental Finder in the summer of 2005 and have developed websites for 4 property managers in town. Their listings are fed from www.freerentalfinder.com to their own website.
Jim and Cari have learned a lot from listening to their clients and coming up with effective ways to meet their needs. You can see the property management websites they have produced at:
This month Jim will show you ways to utilize Free Rental Finder in your real estate investment business: 1. Market Pricing Analysis - assess rental income for various parts of Billings 2. Rental Analysis - overview of your available rentals 3. Introduce the category, "Lease with Option to Buy"
Back by popular demand!
December 28th - Thursday 6:30
Jim Pearson, CMH dad.jpg
As a Certified Mechanical Hygienist, Mr. Pearson is a specialist in Indoor Air Quality issues such as mold remediation and chemical sensitivities. Jim is a frequent presenter at national technical seminars and a speaker at international industry conventions. He is a Montana Board of Realty Regulation certified instructor on environmental issues and is ASCR's representative to the primary committee drafting S-520 the international mold remediation standard. Jim has also been instrumental in providing technical knowledge regarding state standards for clandestine meth lab remediation.
Jim will be speaking to investors about how to spot and remediate toxic mold as well as how to recognize the signs of a clandestine meth lab. The scariest ones for investors are the properties where labs have existed but the lab was never busted by the authorities. If the property is not on the "watch" list, how do you as a potential investor protector yourself?
November 30th - Thursday 6:30
Thomas Kish
Real estate guru, Thomas Kish, is an expert in using new business lines of credit to make big money in real estate. A sought after speaker and mentor, Tom teaches people from all walks of life how to duplicate his profitable real estate system. Experience the power of his system firsthand by attending the November BRIC meeting as we teleconference with this well-know name in the world of creative real estate financing. Don't be late, the online conference call begins at 6:45 p.m.
October 26 (6:30) - Howard Sumner - Billings Real Estate Expert.
Topic: Review of Billings Market Trends Heading into Fall.
Since 1982, Howard has been one of the most knowledgable agents in Billings. He has taken over 60 real estate education courses, published dozens of newspaper articles, and compiled one of the area''s largest real estate statistical databases. Howard''s knowledge and many years of experience have earned him a reputation as one of Montana''s most reliable real estate experts. He is a "go to" guy for many real estate organizations that need or want good numbers about what's happening in Billings' real estate market.
September 28, 2006 - Great Meeting!!!
Thank you to member, Linda Schicktanz for setting up the following speaker:
Ron Moore, manager of the Tax Increment Finance District (TIFD) will speak to our group. He may bring someone from CTA along.
FROM THE TIFD WEBSITE http://www.billingstifd.com/index.cfm
The intent of TIFD use is essentially to be a vehicle for economic growth. Public attendance is welcomed and encouraged at all/any TIFD Meetings.
The Big Sky Economic Development Authority, partnered with the City of Billings, the Downtown Billings Partnership and Celebrate Billings, is moving forward with implementing a Tax Increment Finance District (TIFD).
A unique approach will be used in the process, one in which the 'design and writing pen will be given to the public.'
With the mandates of public participation, constituency and ownership, Moore Engineering and CTA Architects Engineers have been charged with the tasks of guiding the public at large and its stakeholders through a four-step process. These steps are defined by requirements set forth in the Montana Constitution and initial tasking with a Steering Committee formed specifically for the project.
TIFD Four-Step Process
1. Define the Geographic Boundaries of the TIFD 2. Identify and Document Areas of Blight in the Formed District 3. Formulate an Urban Renewal Plan 4. Legally Adopt the TIFD and Urban Renewal Plan
Topic: How Investors Can Work Effectively with Realtors.
Have you ever wondered why some investors seem to work well with Realtors and others can't get the time of day? What's the difference in approach?
Marlene has been a Realtor in Billings for 14 years. She has worked extensively with real estate investors and will share her observations and experience. The investor's questions, investing parameters, and behavior are an important part of this vital relationship. The gurus consider Realtors a necessary part of your "power team," yet many investors need to fine tune their approach to working with Realtors. Learn about what Realtors need and expect from you as well as the benefits of adding an experienced Realtor to your team.
March 30th, 2006
Speaker: Steve Tucker, American Mortgage
Topic: Financing for Investors
Steven Tucker joined the American Mortgage team in November of 2001 and manages the Billings branch office. A Montana native and outdoors enthusiast, Steve was raised in Missoula and graduated from the University of Montana in 1993. Steve has been a Billings resident since 1996 and enjoys living in the Magic City along with his wife Lynn, daughter Madison, and new son, Jaxon. With a double major in Finance and Computer Science, a residential construction background, land and multiple investment properties in the area, Steve’s expertise in investor financing will make him a real asset to BRIC members. He is a preferred lender in the Billings real estate market of many real estate agents and investors.
February 23rd 2006:Speaker: Roundtable Discussion
Subject: Sizing up a Deal - How to Run a Deal through its paces, doing due diligence, creating a checklist of things to do, prices to check, people to talk to, and make that final decision
The members examined a real deal for a BRIC member and made suggestions about possible exit strategies. Several "due diligence" issues were raised. Two investors presented current properties.
January 26th, 2006 Subject: Tax Considerations for RE Investors
Speaker: Renee Simmons, CPA
Renee talked to BRIC about the notion of "Dealer Status" and the tax ramifications of being labeled a dealer by the IRS. Renee also touched on self-directed IRAs, and self-employment tax for real estate investors.
December Meeting - postponed to January for Holiday observances.
November Meeting (Dec 1)
Speaker: Howard Sumner, Sumner Real Estate http://www.realestatemontana.com/
Howard Sumner has taken over 40 real estate education courses, published dozens of newspaper articles, and compiled one of the area's largest real estate databases. Howard's knowledge and many years of experience have earned him an excellent reputation in Billings. Chosen as Billing's Realtor of the Year in 1995, and Salesperson of the Year in 2003, BRIC is pleased to feature Howard as our November speaker.
Topic: Sales Market Trends in Billings (by neighborhood pocket)
Howard will be presenting the sales statistics of the recent Billings market and giving his analysis of where the hot & cool spots in the market are developing. He will be accepting questions and answers from investors. Don't miss it!
October 27, 2005
Speakers: Laura Odeggard, Prudential Floberg & Chris Ackerman, Wells Fargo Bank
MSU-B in partnership with Prudential Floberg Realtors presented a one hour workshop about house flipping. Chris compared typical owner-occupied residential financing with the new short term invetsment loan products (including interest-only lines-of-credit and short term ARM products) that have accompanied the rise in house flipping among investors. Highlighted were the differences between closing fees, rates and risk aversion as it applies to variable rates. Laura presented the pit-falls and potential challenges when picking the property and also what improvements are the "biggest bang for your buck."
September 29, 2005
Speaker: Jim Pearson, CMH, Member of Board of Directors (ASCR), published writer and national speaker on the topic of indoor air quality and the liability involved with improperly remediating contaminated property.
Topic: How to turn houses contaminated with asbestos, meth, & mold into Gold!
Jim gave an informative talk about what to look for when buying a suspected "mold" or "meth" house, how to properly remediate, liability issues, and gave excellent handouts.
ABOUT DOUG MCISAAC: Doug is currently the CEO of Social Traffic
Inc, the training and certification arm for Simon U Ford, the author of the
wildly successful eBook Social Traffic. Social Traffic's first public courses
will launch in October 2009. Social Traffic has proven itself to be on the
leading edge of Social Media training through several years and thousands of
hours of on the ground testing to find out what truly works to drive traffic and
build your business.
