Matthew Chan and Wes Weaver answer the question “Should you manage your own investment properties or hire a property management company?”
Real Estate Investing
Matthew Chan and Wes Weaver discuss how they approach the tenant application and tenant qualification process.
Matthew Chan & Wes Weaver discuss their real estate marketing strategy and tactics for their real estate portfolio.
Matthew Chan and Wes Weaver discuss The Investors Roundtable Project. Guest Host Tony Centavo discusses his experience within The Investors Roundtable.
Matthew Chan and Wes Weaver discuss real estate courses, books, seminars, and workshops.
Matthew Chan and Wes Weaver discuss their views of various real estate investment niches and specialties.
Matthew Chan and Wes Weaver discuss Wes’ rising career as a professional real estate investor and real estate broker. (Part 1)
Matthew Chan & Wes Weaver discuss the issues, roadblocks, and challenges of real estate beginners. (Part 2)
On Wed, Dec 5, I completed what I considered to be the inaugural meeting of “The Investors Roundtable” of Colorado Springs. It was an all-new endeavor working with new acquaintances. But everyone was willing to “give it a shot” and I certainly did my best to “deliver the goods”.
The main purpose was to kick off The Investors Roundtable group with an enticing but relevant seminar which was entitled “Building a Real Estate Investment Portfolio in a Down Market” that was focused on Colorado Springs.
The “promise”that was going to be delivered was the following:
- The Art & Science of Portfolio-Building
- 5 Strategies for building a real estate portfolio if you have limited time, expertise, cash, or credit
- Why the best time to build a real estate portfolio is in a slower market and economic cycle
- What happens to assets, wealth, and equity created and lost during up-markets and up-cycles
- The types of people who should absolutely avoid and should never invest in real estate
- The types of people who can never stop doing real estate deals and the types of people who can stop within 5 years.
- The single crucial x-factor every investor must decide BEFORE they buy their first investment
- The 5 Deadly Sins of Real Estate Investing that destroy portfolios and investment careers
- The 3 Investment Criteria professional investors use that amateurs do not
- The “true returns on investment” professional investors rarely reveal to the general public
- The 4 Rules on the Mindset of Money amateur investors never learn until it’s too late
- The 3 Unavoidable Events that will occur in the real estate market between now and 2010
- The 6 opportunities and differences between 1st-tier and 2nd-tier cities
- The Current Market Velocity of Colorado Springs
- 5 Reasons Why Colorado Springs is a better market to invest in than Denver
- The 4 Factors “outside investors” see in Colorado Springs that “native investors” routinely ignore
- The pros and cons of investing with Investment Teams vs. investing alone
As you can see, it was quite ambitious for a 3-hour evening seminar on a cold December night. Not only that, it was only $25 per ticket. What a steal.
Typically, my small seminars are fairly organic. In other words, I have a loose outline of what I will cover, but I rely on flip-charts and have the students take notes. After all, what could one expect for $25?
However, I changed my mind and prepared a PowerPoint presentation instead. The room I was presenting in had a ceiling projector to a projection screen. I figured I would simply take advantage of it by connecting my PC Notebook to the system and present off of a pre-prepared PowerPoint Presentation.
What I thought would be an easy task turned out to be incredibly time-consuming one. It has been a few years since I have prepared a PowerPoint presentation. And it was my first time to create one that would require 3+ hours to cover.
Constructing, writing, and organizing that PowerPoint presentation was a multi-day project with several hours per day. Holy smokes, I thought it would not come to an end with the endless ideas, revisions, and reorganizations. It felt as challenging as writing a booklet.
In any case, I did finish writing the presentation and I did present it in my typically unconventional and hard-hitting style. Being in a new environment, I did exercise a bit more restraint than I normally do in Columbus. 🙂 However, I did not want to “sanitize” it to the point I felt robotic or that my audience did not know where I stood on issues.
I am setting all of you up because what came out AFTER the seminar was very enlightening to me as a speaker and presenter. Bottom line, my “core audience” liked the presentation and there were other parts that left a less than desirable impression.
I will be writing a few “insight articles” to clarify my positions on certain subjects. It might make for some juicy reading. Stay tuned.
I will be presenting an all-new, hard-hitting evening seminar entitled, “Building a Real Estate Investment Portfolio in a Down Market” on December 5, 2007 in Colorado Springs. I will be inviting my book and audio program customers in the Colorado area to attend this seminar.
This seminar will be used to kick-off the newly forming Investors Roundtable of Colorado Springs. The word-of-mouth interest and enthusiasm is already high with the various people that were involved in helping me with the logistics in putting this seminar together. They are interested in the subject matter as well as my perspective on the current market situation. Half-dozen people are already committed to this evening seminar. Ha! I guess I will be giving this seminar even if not a single ticket is sold!
The official marketing begins this week with local newspaper advertising in the Colorado Springs area. The evening seminar is very inexpensive at $25.00 per ticket. I am hoping for a solid local investor community turnout.
I am excited about this seminar as there are new distinctions and material I am incorporating that I have not written or spoken about. I will try to make a video recording of this event. It may become available on DVD if the video turns out ok.