INVEST:
Thank you for investing your time to attend our August meetup!
A tremendous THANK YOU to Dave Frazier and Mark Lemmons for walking us through how they built FLW Capital and their Oak Creek syndication project!
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CONNECT:
Profile of a BREW Investor:
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Manaia "Mana" Alalamua
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What inspired you to become interested in real estate investing?
When my family had the opportunity to purchase our very first family home in Hawaii, I thought it would be a good idea to learn about Real Estate and RE Investing. This was many years ago!
Tell us about one of your favorite real estate transactions
It was my first investment property, a SFR in Hawaii, and the house was in terrible condition. I was financing the deal through a local bank, and I knew that the property condition was going to be a big problem. So, I struck a deal with the seller, I would clean up the property and install new vinyl flooring throughout the home before the appraiser came by. While I was cleaning the bathroom, I noticed the subfloor was rotten and soft around the toilet and bathtub areas, so I placed a toilet scrubber right in the affected path. I wanted to dissuade the appraiser from going close to the toilet b/c of the rotten area - it worked like a charm and that's how I got my first investment property. Lol.
Do you have any real estate mantras, rules, or words of wisdom you try to follow in your investing?
"There's always another deal" and "Invest for Cash Flow"
Please share a favorite business or real estate-related resource.
I enjoyed reading the Bigger Pocket books, especially the BRRRR and Out-of-State Investing by David Greene (I think those are the names of the books). I really enjoy coming to Boerne to attend Todd and Elizabeth's Meetup (I know you said a different one, but this is only one of the 2 meetups that I attend).
What do you like to do during your "off" time?
Good question. I try to read more books if I can. Whenever I have a chance, I try to visit places around San Antonio and smaller towns with interesting events. Beach, Playing Music, Chilling with friends, etc, but I haven't made it out to the coast yet. Soon perhaps.
What else would you like your fellow meetup members to know about you?
I'm pretty open to talking or helping out if I can. If you need anything, I would try to help or I can probably point you in the right direction.
What is the best way for someone to get in contact with you?
You can connect with me via email: manaia@pisecapital.com. I'm on Bigger Pockets as well. I host a meetup on the Northside of San Antonio called Almost Friends RE Meetup - San Antonio, and we can be found on FB and Youtube (podcasts)...just fyi, we have Todd on Episode #2. Come and check us out as well.
Other thoughts?!
I think we are seeing a softening of the residential market. Things are coming back to normal, so take it for what it is. Aloha!
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*Remember to stay for the 7:50 pm book raffle!
Book for this Month's Raffle:
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LEARN:
Books read in August
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Bringing Up The Boss by Rachel Pacheco The teaser line on the front "Practical Lessons for New Managers" really does sum up this book! I haven't read many management books so the clear actionable steps are much appreciated. Easy to read with lots of real-life examples. 4 out of 5 cheers!
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Interview with Todd Nurnberger! Almost Friends REI Group Ep. 2
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The BREW meetup is a casual no-pitch group with the purpose of learning and networking with other local investors. We talk about all types of real estate investing as well as pursuing financial independence. Our typical meetup format is networking, listening & learning from a speaker, and ending with a related book raffle!
Ingredients to BREW:
-We like to talk about all types of real estate investing, pursuing financial independence, meeting new people, and enjoy a great craft beer
-No-pitch group
-Family-friendly: Our 12 & 9-year-old will frequently be attending & look forward to making friends
-No cost to attend (but please plan to purchase a beverage and/or food!)
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