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Why Buy Out of State (Live/Virtual)

with... Earl Cline

a presentation outlining why an investor would look beyond state lines, and how to get started...

Tuesday, November 10, 2020

11:30 AM - 1:00 PM

SLCC, Miller Campus, MFEC #203
9750 South 300 West
Sandy, UT 84070

We as Real Estate Investors love to invest close to home for many reasons.  Not only is it familiar, but it's comfortable, easy to monitor, and sometimes more profitable.  So, why would we ever invest out of state?

For the November Utah REIA Networking Luncheon, Earl Cline, Real Estate Broker and Certified Investment Coach, will be walking us through why investing out of state can be so beneficial.

During his presentation, Earl will walk us through:

WHY WOULD ANYONE INVEST OUT OF STATE?
1.  Market Cycles

One market may be up while another one is down
They may be headed different directions
Look for emerging market cycles

2.  Population Trends
Flight to Warmer Weather
Flight from Taxes
Flight from Overcrowding
Flight from Ugly Politics

3.  Invest in Markets Where you Like to Vacation
Tax free to Visit Family
Tax free to your favorite vacation spot
Tax free to warm up in the winter or cool off in the summer


WHAT TO LOOK FOR IN A MARKET
Population Growth

Cap Rates value play vs. cash flow
Housing Appreciation
Affordable Housing Market
Stable Rental Base, Hospital, Small College Area Occupancy 90% or higher
A, B, C or D market

MANAGING A PROPERTY FROM A DISTANCE
Flip without ever seeking the property
Use technology
Set up budgets and timeline to monitor contractor
Create checks and balances
George Smith story


ABOUT EARL CLINE:  Mr. Cline has held an active real estate broker’s license for 25 years. He graduated from the University of Utah with a BS in Finance. He worked for California based property Management Company. Mr. Cline worked for a national developer of apartments, where he was involved with the acquisition, rehab, and repositioning of over 3,000 apartment units.

As the Regional V.P, he supervised the properties in several of the Western States for a publicly traded R.E.I.T. that owned and managed over 80,000 apartment units. He supervised the construction and leasing of close to 200 units of Section 42 properties in East Idaho.

Mr. Cline has been involved in construction management, real estate development and property management for the gambit of the real estate industry from multifamily housing, office, industrial, storage and retail properties. With his real estate experience, he was able to raise several million dollars last year through a private Reg. D offering to invest in Apartments. He has been training real estate investors for over ten years.

He can be reached at:                   Summit Real Estate and Management

                                                            Summit.Real.Estate.Capital2@gmail.com

                                                            385-215-9501


ABOUT THE SPONSOR:
REI Title takes our team’s four decades of experience in real estate investing to provided targeted closing and escrow services to real estate investors. From wholesalers to flippers and from landlords to lenders, we review your transaction from every angle. We don’t just close your deal—we protect you and your property. Give us a call to explain how we catch issues that others miss. Welcome home! 
Contact:  Jeff Breglio, Whitney Druce, or Andrea Butler

 (385) 528-1523

 info@reititle.net
 
www.reititle.net


For More Info: Contact Rebecca Dearing by calling (801) 647-8862 or by sending an e-mail to rebecca@utahreia.org.

To Pre-Register: Click the blue "Register Now" button at the top of the screen. At this time, one may select on whether to attend this meeting in-person or virtually.  If the selection is to attend virtually - further instructions will be provided.


Members:
Free
Non-Members:
$15.00
Print a FREE Guest Pass

Never been to a meeting before? First Time Guests can attend their first meeting for Free with a complimentary Guest Pass.


Date:  Tuesday, November 10, 2020
Time:  11:30 AM - 1:00 PM

Location:
SLCC, Miller Campus, MFEC #203
9750 South 300 West
Sandy, UT 84070

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  • West Jordan, UT 84088

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