At the July 17th Mid-Peninsula Meeting in Foster City, Geraldine will be conducting two content rich in-depth interviews with experienced investors who will provide you with some very valuable tips. Join us as we hear from Investor, Philip Chan, and Investor, Kurt Byer, as they share with us what has been working and what they have learned along the way!
Philip Chan, Pharmacist and experienced Real Estate Investor, started his real estate investment business 9 years ago in higher-crime, not-so-desirable areas where property prices seemed “dirt” cheap. When the California real estate market was hot, he was buying 2 BR properties for $40k which rented for $700/month. Philip says that the numbers on paper were amazing, and he was active in that space for 5 years. Although Philip still actively manages properties in such less desirable neighborhoods to this day, he has shifted his strategies.
Join us on Tuesday, July 17th as Philip shares his experiences from the “war trenches” and valuable insights around safety in dealing with tenants and properties in such neighborhoods. This information will be relevant to you even if you are investing in more desirable neaighborhoods. Philip will also share what he considers to be “a golden real estate investment tool” – Lease Option, that has turned properties from negative cash flow into stable, positive cash flowing low-hassle investments. Philip successfully deploys lease options in both low and high-quality neighborhoods, and will share his secrets on making this a successful tool.
Kurt Byer has been an active investor for many years, and has discovered the advantages of investing in the current market. At the Mid-Peninsula meeting Kurt will share with us a series of investemnts that he has completed this year alone, and tell us what have been the keys to his success.