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Member Spotlight: Breaking into Commercial Real Estate w/ Nelson Lin

What happens when three strangers meet online and buy properties together? Come find out about how Lazy Fox Getaways got started, where we're at today, and our plans (or hopes) for short term rentals

Our Airbnb listing: https://www.airbnb.com/h/lazyfoxretreat
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Partners:
George Lang
Danny Wong
Kenny Lee

Sean is a real estate investor and hard money lender based in the San Francisco Bay Area. He invests in single-family renovations as well as out of state investments. He is also the host of “The Everything Real Estate Investing Show”, where he interviews the top investors to share their investment secrets with his listeners.

In this presentation, Sean will teach us everything we need to know about how hard money loans work and how we can use them to purchase our next fix and flip project. He’ll also be going over the new Long Term Rental Loan program that helps investors purchase more rental properties when they can’t get a conventional loan.

This Meeting is Presented by LoanBase

Although Conventional loans are a great way for new real estate investors to get started with Residential (1-4 unit) Real Estate, at some point, it becomes too difficult to reach the next level by only using conventional loans - especially if you can't even qualify for one, or several, conventional loans.

To help you expand your real estate portfolio, and possibly start dabbling or in non-residential projects, you should look into getting a commercial loan to fund your next project. Commercial loans can be a creative financing solution for those who have:
- Stated income (no tax returns required),
- No documents (but have strong cash flowing properties),
- Non-stabilized properties (half vacant or more),
- Rehab/constructions (for run down properties),
- Exceed the 10 conventional loans limit, - Want to borrow money as an LLC, or portfolio loans.

You can get a commercial loan to fund the following type of projects: Multi-family (5+ units), retail, offices, industrial, special purposes (senior housing, car washes, hospitality), mixed-use properties, and etc.

Our speaker for this event is Ari Shpanya, the CEO of LoanBase.
His background includes:
Bootstrapped Blok living to $65M AUM in 28 months. Blok is owner and operator RE investment firm, specializing in acquiring, developing, remodeling and managing multi-family, throughout San Francisco and Los Angeles. Current Average IRR is 42%
Previously CEO / founder of Wiser (acquired). 85 employees over 3 countries and $8MM in ARR. Notable clients: eBay, Walmart, AT&T, HomeDepot, and leading brands & retailers; based in San Francisco
Previously co-founder of Zent.com (acquired)
Stanford GSB Ignite Program Graduate
Contributor to many tech publications including Venturebeat, Forbes and Retailwire

LoanBase is a new online commercial lending platform that connects prospective buyers to hundreds of commercial lenders. Long gone are the days where borrowers have to individually reach out to lenders to ask for a quote. With LoanBase, you’ll be able to get multiple quotes instantly and will need to only complete one application to work with multiple banks. Their goal is to make commercial lending more accessible through technology, improve communication between lenders and borrowers, and to optimize transparency and efficiency during the lending process.

We’ll be getting a live demo of this revolutionary new commercial lending platform. This section of the interview is proprietary and cannot be recorded, so please be sure to hop on Zoom for this week’s class.

Come join us in learning more about all-things Property Management related with Janet Woodgeard & for a Market Spotlight on Atlanta with Tony Tran!

Property Management is a main component and one of the hardest aspects of Real Estate investing. So how do you make sure that the property is properly taken care of and how do you reduce your vacancy rate? What are ways to minimize your operational expenses and increase your rental income? How will you manage your property from a distance? The answer to all of this is having a trustworthy and reliable Property Manager on your real estate team.

We have invited Janet Woodgeard, the Operations Manager and Associate Broker at NDI MAXIM Residential & NDI Maxim Management LLC to give us some industry insider insight on what Property Managers do behind the scenes for property owners and how often their work goes unnoticed. How do we find a reliable property manager as an out-of-state investor?

Tony Tran, a Residential & Commercial Real Estate Advisor of the NXT Team at NDI Maxim Real Estate, will also give us a Market Spotlight on Atlanta, GA. He will go over the latest market trends and let us know what opportunities we should explore next. Tony is the Commercial Real Estate Chairman for Asian Real Estate Association of America, Atlanta Chapter, and on the Board of Directors with Georgia Vietnamese Chamber of Commerce.

In 2020, Tony founded his own real estate team, The NXT Team, aimed to build leaders and influencers in the real estate industry, and to scale his scope of services for his clients. In Tony's first year as a real estate agent, he closed over 24 deals and $4M in total real estate volume, qualifying him to be a recipient of the 2020 NAMAR Million Dollar Club award. Tony’s team helps investors in residential, multifamily, and commercial real estate, and have their own in-house property management team in the Atlanta Metro Area.

We're talking Mobile Home Parks with Nick Vu & Hersh Rai! Drop your questions down below.

Hersh Rai is a Managing Partner of RaiVu Capital where he focuses on acquisitions and investor relations. Currently, RaiVu Capital has $3.65 MM AUM with a portfolio of 114 units focusing on multifamily and mobile home park investments.

He hopes to use multifamily and mobile home park investing to inspire and serve others to achieve financial freedom and give back to his local community.

Beyond real estate investing, Hersh is an active duty Naval Officer who specializes in Meteorology and Oceanography. He is currently stationed at the Joint Typhoon Warning Center at Pearl Harbor, HI

Hersh holds a dual B.S. in Computer Science and Information Technology from the United States Naval Academy. In addition, he holds a M.S. in Computer and Information Technology from Purdue University.

Nicholas Vu is a Managing Partner of RaiVu Capital where he focuses on acquisitions and investor relations. Currently, RaiVu Capital has $3.65 MM AUM with a portfolio of 114 units focusing on multifamily and mobile home park investments.

He hopes to best provide for his investors, partners, and tenants by creating transparent and trustful relationships. Through multifamily investing, Nick hopes to reinvest into the communities he invests in.

Beyond multifamily investing, Nick is an active duty Naval Officer who is currently pursuing a career in naval aviation. He is stationed in Pensacola, FL.

Nick holds a B.S. in Mechanical Engineering from the United States Naval Academy. In addition, he holds a M.S. in Mechanical Engineering from Purdue University.