Boulder County Real Estate Investors (BCREI) Previous Meetings 2005:

December 6:

Foreclosure Investing 2006 - with Wayne Dellinger

WHO’S WAYNE DELLINGER? Wayne started in real estate over 35 years ago with Ramada Inns traveling around the United States and Canada. He has two real estate degrees and three other degrees. He was a real estate broker in Arizona for 30 years and has recently become a Colorado real estate broker. He has appraised, financed, syndicated, underwritten and purchased more than $200 million in real estate. He has been investing in and teaching foreclosure investing for ten years. He wrote and published the first book on real estate foreclosure investing in Colorado in 23 years. The title is, The Secrets of Foreclosure Investing in Colorado. Wayne recently had a large article written about him in the Rocky Mountain News. He is currently writing a second book in advanced foreclosure investing techniques, holding seminars and considering foreclosure deals for himself and his clients. He lives with his wife in Westminster and enjoys hiking, photography, backgammon and playing with his grandson.

November 1:

Get Ready for the End of the Tax Year

Mark Lathrop returns to the BCREI.  He will give us some thoughts on getting ready for the end of the tax year.

Background:

Mark began his professional career on the audit staff of Coopers & Lybrand, a large accounting firm. Mark then moved into the corporate world where he served as controller and chief financial officer for companies involved in real estate development, mining and securities. He spent three years as the Treasurer of the Vail Associates, a conglomerate with over 40 business divisions, managing their long range planning and tax departments and working actively in their real estate development planning activities.

In 1997, he founded Lathrop Financial Services, LLC, a full service accounting practice based in Edwards, Colorado. The major portion of Mark’s practice is assisting real estate investors, ranging in size from beginning investors purchasing their first property to a corporation which has built a number of shopping centers, apartment complexes and completed a number of condo conversions. He also works with a number of homeowners’ associations and property managers.

Mark is also an active real estate investor, owning a number of rental properties and controlling others through lease options.

Mark Lathrop is a Certified Public Accountant and a Chartered Financial Analyst. Mark graduated from the University Of Denver School of Accountancy Summa Cum Laude in 1979.

Mark is also a Certified QuickBooks Professional Advisor, and works with clients to properly set up and maintain their accounting records.

October 4:

We have a great meeting coming up. Our own Brett Hultman will be speaking about his investor-focused insurance brokerage service, Hultman Insurance.

Brent will take you on a journey with a couple as they search for and purchase income properties. You will discover how you can have your insurance broker working for you to screen potential tenants, to avoid unacceptable risk exposures, shift liability away from yourself, and minimize costs while maximizing protection. Ultimately Hultman Insurance can help you to choose the right properties and tenants to optimize your wealth potential from income property.

Brent Hultman is President of Hultman Insurance, a full service insurance brokerage focused on investors. Hultman Insurance assures that its clients have the right insurance package for all of their investment, commercial, and personal insurance needs. Hultman moved from a captive agency contract (representing one carrier) into brokerage (representing clients to a large number of carriers) specifically to be able to shop for the best rate and coverage package for each client based on their needs. Hultman Insurance represents you and shops Travelers, Safeco, The Hartford, Kemper, Foremost, Fidelity, and many other companies to bring you the best coverage and value for your specific needs. Hultman has the right solutions for fix-and-flip, builders risk, one rental house to large numbers of single family units, multi-tenant buildings, and commercial buildings.

September 6:

Oliver Frascona of Frascona, Joiner, Goodman, and Greenstein (one of the premier real estate law firms in Colorado).

August 2:

Credit factors into virtually every financial transaction that you make.  If you have tenant buyers with bad credit, you will want to learn more about credit problems and repair so join us for this meeting.  John Deckys’ presentation will focus on understanding, repairing, manipulating and maintaining credit and how credit affects your ability to qualify for a mortgage. 

John Deckys has been working in the financial arena since 1987 and been doing residential real estate financing and consumer credit repair for the last 5 years.  His positions in mortgage banking, real estate investment, real estate rehab and management, commodities and stock trading, market analysis, and management consulting have provided him with an in-depth knowledge and understanding of finance, credit, business systems, investing, and wealth accumulation. 

July 5:

We are going to have a BCREI party and all of our members are invited!  Plus, you are welcome to bring a significant other.  If you are not a member (or if your membership has expired) you are welcome and encouraged to join by paying the $20 yearly dues at the party.  I do hope you will join us, as our Christmas party was fantastic!

 Christy Deckys has graciously offered her house to use for our party.  It will be on our regular meeting night of Tuesday, July 5, but we will start at 6:00 rather than 6:30.

 The club will be providing soda and water (bring your own if you want something stronger), as well as a vegetable tray and fruit plate.  I also encourage you to bring a small dish to share if you like (but it is not required).

 To help Christy get an estimate of how many will be coming, please call (303-249-9514) or e-mail (HomeAnswers@earthlink.net) her and let her know how many will be coming.  Christy would appreciate that call/e-mail as soon as possible, and no later than July 2.

We look forward to seeing you there!

June 7:

Sheila Horton will introduce the Boulder County Rental Housing Association and discuss the benefits membership in this organization offers to its members.  This organization currently represents about 7500 units in Boulder County and is the professional organization representing the interests of residential rental properties owners.  BCRHA is the organization the City of Boulder recognizes for issues involving our industry.  BCRHA has significantly impacted the political climate of managing our investment properties in Boulder County. 

May 3:

Investor Panel.  We had Jom Lynch, Brent Clayton, Shiela Mudd, and Tom Green on the panel for a great night of questions and answers!

April 5:

Bill Twyford is a successful real estate investor with over 800 deals under his belt. In addition, he is a national speaker, author, motivator, and incredible teacher. He has taught thousands how to break down the communication barrier using his highly successful, one-of-a-kind concept: “Shut Up! and Stick To The Script!” and “The Secrets of Closing The Deal.”

The key to success lies in your communication skills. Without them, you are like a fish out of water. He will teach you how to influence others using NLP (Neuro Linguistic Programming) geared especially for real estate investors.

Don’t miss this incredible man!

March 1:

"6 Things You Need To Know To Do A 1031 Exchange"

The IRS Rules for Exchanges...
You will need to follow six primary rules for your exchange to meet stringent IRS regulations:

1. Real Property Use. Both your old and new properties must qualify as investment or business use. If both properties pass this test, you can exchange nearly any type of real estate.

2. 45-Day Identification Period .You have 45 days from the closing of your sale to list the properties you may want to buy. There are no exceptions to the deadline.

3. 180 Day Exchange Period. From the sale closing date, you have 180 days to close on the purchase of one or more properties from the 45-day list. Again, there are no exceptions to this deadline.

4. Qualified Intermediary (QI). The IRS mandates that you use a QI to prepare the legal documents for your exchange. Because the QI must be independent, it cannot be your friend ,employee, broker, or even your accountant or attorney. The QI also holds your money, so that you do not have access to it.

5. Proper title holding. You must purchase and take title to your new property exactly as you held title to your old property.

6. Reinvestment Requirement. To defer all of your capital gain tax, you must buy a property equal or higher in value than the one you sold. Also, you must reinvest all of the cash proceeds from your sale.

Tracey Wilson has over 15 years of experience in investment banking, with a BS in Finance and Engineering, as well as an MBA. Starting at a premier old-line investment banking firm in Denver he then went to New York with Credit Suisse First Boston and later Merrill Lynch doing institutional sales & trading. He transitioned to corporate finance specializing in mergers, acquisitions, & divestitures. There he focused on structured finance products utilizing mortgages, commercial mortgages, and the securitization of various asset-backed groups.

Making a life-style change, he moved back to Denver where he ultimately became the Director of Training & Operations for Charles Schwab, the largest discount brokerage firm in the world, helping transition the firm to the Internet and becoming the number one provider of online trading. Leveraging his Wall Street contacts, Tracey was brought on as the National Sales Director for SunGard Trading Systems and as a Director for Information Technology at Qwest - in both cases providing leading-edge software and system solutions for the world's largest banks, mutual funds, and portfolio managers. He is a member of the adjunct faculty both at Regis University in Denver as well as with the College of Financial Planning where he teaches accounting, finance, statistics, and economics.

February 1:

Lessons learned (good and bad) on doing fix-and-flips with members Gary Hardin and Audra Pitman.

Audra Pittman has lived in the Boulder Area for 14 years. She is a beginner investor. She became interested in Real estate investing two years ago. 2004 was her first year of active investing and her first fix and flop as she fondly calls it.

Gary Hardin is a Colorado Native and has lived in the Boulder Longmont Area for 10 years. Jane Preston (Gary's partner) has Lived in the Boulder Louisville Area for more than 12 years.  They are new investors and have completed one fix and flip project and are looking for another. Gary has been involved in the construction industry in one from or another for more than 25 years and currently does property inspections for HUD.

January 4:

Presentation:

Transfer of risk:

Potential nightmares:

Loss control:

Biography:

Brent Hultman owns the Hultman Insurance Agency. Hultman Insurance represents American Family Insurance. Brent started in the insurance business in the 1980’s left to work in high-tech start-up ventures as an investor and executive. He returned to insurance in 2000 and is focused on commercial, home and life insurance throughout Colorado. His property clients range from first time home buyers to multimillion dollar commercial investors. Brent is a Colorado native and resides in Superior with his two youngest sons.

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