FREE for Members
$20 for Non- Members
*We will have preventative measures against COVID in place, including sanitization stations, wearing masks, and signing a waiver.
Real Estate attorney, investor, broker and president of SAREIA, Victor Maas & Sam Madrid will be discussing creative investing with owner financing.. As many of you know, Victor has been investing in Real Estate over 14 years. In addition, Victor has closed 100's of transactions ranging from Sub-2 deeds to full blown rehabs. Victor prides himself on being a problem solver and gets creative on even the seemingly impossible deals.
We are excited to invite Sam Madrid, a local real estate investor expert, who has done over 1,000 real estate transactions with Creative Owner Financing. Sam is the master at finding distressed homes in the low income areas, selling them "as is" with owner financing. Sam also uses private money to acquire the real estate deals, at an 8% interest rate for private investors, with a five-year balloon, and interest only payments. He then sells the property for twice what he normally buys it for "as is", at 10% interest and waits about six months before he then sells the note for full market value.
Sam is a big proponent of putting money in your pocket when you buy and when you sell. Borrow an extra $2,000 up front and obtain a $3,000 down payment from your buyer. This way you make money upfront, when you resell it, and every month through cash flow.
There are more real estate deals out there to be done if you just know where to look, how to look, and what to do once you find it. Victor and Sam will be talking about this at this month's meeting.
SAREIA is also a terrific place to network with like-minded folks and build your real estate investing team. Several vendors will be in attendance to answer questions about private money, title closings, rehabs, buying wholesale deals, etc.
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11815 W I-H10 #107
SAN ANTONIO, TX 78230 (Click for Directions)