— Beau Eckstein (@BeauEckstein) March 27, 2017
SAN RAMON, Calif., March 27, 2017 /PRNewswire/ — After two very successful and well-attended REI Bar Camps, Thrive REIA is conducting the 3rd Annual REI Bar Camp on April 29, 2017, at the San Ramon Community Center.
As in the past, this Bar Camp will be run like an “unconference.” There will be no formal presentations. After the keynote speakers introduce the event, attendees will break out into sessions on topics they want to learn about. Each session will be led by real estate professionals who have been hand-picked by the event's organizers, Beau Eckstein and Cynthia Sandoval.
Possible topics include:
Real estate brokers, lenders, agents, and investors are encouraged to RSVP right away, as this event is taking place on April 29, 2017, and will sell out.
Register here – http://reibarcamp.com
Lunch will be included and has been sponsored by Louis Bardis of FJM Private Mortgage Fund. Louis is one of REI Bar Camp's real estate investing leaders.
Details of the event:
REI Bar Camp
April 29, 2017
9:30am – 3:30pm
San Ramon Community Center
12501 Alcosta Blvd, San Ramon, CA 94583
About REI Bar Camp
REI Bar Camp is the brainchild of Beau Eckstein. He has over 18 years of experience in real estate investing, covering sales, mortgage lending, construction financing, house flipping, out-of-state investing, and private money loans. Beau is an active investor and likes to partner with architects and builders. Beau works with buy and hold investors as well as fix and flips/rehabbers.
He is a Managing Partner at SFR Ventures, which is the origination arm of a private money fund specializing in construction. This fund specializes in investor loans for construction, bridge, and rehab loans. SFR Ventures is headquartered in Walnut Creek, CA, USA and has an extensive portfolio of investment properties and investible funds.
Beau is also the founder of Thrive REIA, a membership program made specifically for real estate investors. Focus areas include monthly in-person networking events, masterminds on select real estate investing topics, and marketing services for real estate professionals.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/the-3rd-annual-rei-bar-camp-promises-to-be-the-real-estate-event-of-2017-for-san-francisco-bay-area-real-estate-investors-300429384.html
SOURCE Thrive REIA
On – 27 Mar, 2017 By
CONCORD, Calif., April 18, 2017 /PRNewswire/ — New, more stringent banking regulations and strong demand from developers for construction projects are preventing banks from funding capital requests.
Lodgepole Fund No. 1, LLC has been providing construction and development loans to builders and developers in California since 2010. Lodgepole specializes in providing construction loans for high-end residential homes. LHJS Investments LLC has been in the real estate advisory and fund management business since 1999.
Why Lodgepole Fund is a win-win for everyone involved
“Lodgepole Fund is a win-win for everyone involved,” Mr. Simonse states, “the Builders and Developers get much needed capital and the investors in the Fund make a very secure return of 10+ percent on their investment. The borrowers can also get their money fairly quickly. Although the loans are strictly underwritten, there is not a lot of red tape, like at a bank.”
Mr. Simonse continues, “I personally don't think there is a better investment than this. Making a net return of 10% on your money, that is also secured by a deed of trust on real estate, is the best investment there is. I don't think there is any other investment available where your money is as secure and makes that high of a return. If there is, then I would like to know what it is.”
What makes Lodgepole Fund loans safe
When asked what happens when real estate values go down, Mr. Simonse states, “When LHJS Investments LLC underwrites a loan, we make sure that the loan-to-value is safe for the type of loan we are funding, which is usually about 65% LTV for a one year term loan.
“By keeping loan LTV's low and loan terms short, we are able to follow the market fluctuations up, as well as down, eliminating long term market risk. Also, with appraisal and loan underwriting as strict as they are now, it would be highly unlikely to experience the level of foreclosures that occurred in the past, which would make a market drop of 35% in one year highly unlikely. ” As an extra precaution, Mr. Simonse adds, when LHJS Investments LLC underwrites a loan, it will only approve loans in areas that have historically strong property values. “We do not approve loans in areas that have historically exhibited large value fluctuations, such as cities that have a high concentration of vacation homes.”
How do you apply for a loan or invest in Lodgepole fund?
“To apply for a loan you can call Ashley Nelson, our construction loan supervisor,” says Mr. Simonse. “Ashley has been with the company for 10 years now and is very well-versed in all aspects of construction lending.”
Asked how an individual could invest in Lodgepole Fund, Mr. Simonse stated, “Right now the Fund is closed to new Members. However, we will be looking at raising new capital this summer.
“If you would like to invest in the Fund please contact me and I can put you on our list of potential investors. We can only accept accredited investors though,” advises Mr. Simonse.
John W. Simonse
Lodgepole Fund #1 LLC
To view the original version on PR Newswire, visit: http://www.prnewswire.com/news-releases/banks-cannot-fulfill-capital-needs-for-many-construction-and-development-projects–concludes-john-simonse-president-of-lhjs-investments-llc-and-managing-member-of-lodgepole-fund-no-1-llc-300440684.html
SOURCE LHJS Investments LLC
On – 18 Apr, 2017 By LHJS Investments LLC