SDCIA was formed to promote
networking and learning between San Diego real estate investors. If you buy,
sell, rent, flip, lease-option, loan, etc, this is your club! We welcome all levels of
experience. We meet on the 2nd Tuesday of every month and
feature an expert speaker at every meeting. Doors open and networking starts at
6:00 PM!
Reggie Lal & Mike Gobbi
Topic for Meeting:
Insider Secrets on how to maximize profits in this REO boom
What You Will Learn:
For anyone interested in investing in Real Estate this cycle, this meeting is an absolute must attend. REO inventory is going through the roof and growing daily. Come hear what the experts have to say about investing in REO properties, THEY WILL TELL ALL!!
We will dive deep into the world of bank owned properties, or REO's. Join us as we take an in depth look at this exciting area of the foreclosure market, and explore the possibilities that lay ahead for the educated California investor.
Reggie Lal will start the meeting from an educational perspective, covering:
- A brief review of the CA Foreclosure process outlining
how a property becomes an REO.
- What the term REO actually means, what an REO is in CA.
- Some key things to consider when purchasing REO's
in CA, including your exit strategy.
- Long-Term Wealth Building with REO’s
- The Current REO market in California , where we stand and
where we are headed.
Mike Gobbi from Keller Williams Realty will be sharing:
- Behind the Scenes perspective on the Banks mind-set
- Bank Trends
- REO Industry Insight
- What to expect with REO offers
Speaker's Bio:
Mike is without a doubt one of the most experienced REO brokers in Sacramento , if not in all of California . He brings an insight and perspective on our current market that has been forged over the past 27 years. Mike has been an REO broker during the last 3 foreclosure cycles and has some interesting opinions on how our current market is different from years past, how it is similar, and what events are destined to repeat themselves.
This is a rare opportunity to get a behind the scenes perspective on what the banks are currently saying to their brokers, and pick up some definite do's and don'ts in the REO game. There will also be an opportunity for members to ask questions at the end of the meeting.
Mike Gobbi has been a licensed Real Estate agent involved with REO's since 1980. He is a regular expert witness in real estate trials. He has managed a large local real estate office. He is a personal investor who also owns and operates a property management and real estate company. He has been involved in well over 1000 REO transactions in the state of CA, to include a transaction done with our own Reggie Lal just last week.
Today, Reggie Lal is an active investor, wealth building coach, speaker and author with a myriad of experiences in his Real Estate portfolio. Over the last few years alone, Reggie has completed hundreds of deals including: Pre-Foreclosure, Trustee Sales, Retail flips, Wholesaling, New Construction, Private lending and more.
Reggie often speaks and teaches at Investment Clubs and Real Estate Expo’s in an effort to help educate other Real Estate Investors. As the managing broker for his company, Reggie continues to oversee its real estate projects as well as assisting in finding new investment opportunities for this changing market. He also created “Be The Smart Investor” a real estate investment & education firm.
