Subject Points:

1:-3:00 Intro to Kaili and NAR comments

4:30: Starting out – finding a more permanent place to live. Ended up with a 4 unit

6:30: Renovated one of the units, moved in, saved on rent and spent on renovating more units

8:00: Buying one property a year. Putting larger mortgage on several properties when rates were low, and pulling out equity to buy 2 more buildings.

9:45: LLCs vs Trusts. Commercial rates are adjustable.

10:30: Always sought financial council from trusted advisors about each large step.

11:30: How do I buy a second property if I own one property? How do I expand from here?

• HELOCs (Home Equity Line of Credit)

13:00 Banks will compete for commercial loans. There is more ability for a buyer to negotiate rates.

14:30: Math is priority one when buying a property.

16:00: LLCs or Irrevocable Trusts are ways of separating you from liability.

17:00 How much reserves should I have when I own one or two properties? Depends on condition and risk tolerance.

20:00 Wrap Up

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