What we're about

Welcome to Prime Time - a forever free / no-sales-pitch series of Real Estate Forums / Expert Panels conceived with the investor in mind. Prime Time is in the tradition of an Academy where members of the public are welcome to introduce topics that matter to them to a panel of experts with real-world experience in those areas.

Interested in taking your Real Estate Investment game to the next level? Exploring smarter ways to buy, flip, build, develop or wholesale investment Real Estate in the Greater Puget Sound area? Striving to grow a balanced portfolio of performing Real Estate in Washington or in other regions around the country? Seeking to diversify your capital/retirement funds to work in a more intentional way?

We launched our Real Estate workshops for one simple reason - because we wished that we had a resource like this when we were starting out as Real Estate investors, a place to ask questions and learn from successful local investors, who would be willing to share without hesitation and without a sales pitch.

In our Question + Answer Forums, we go into many subjects of Real Estate Investing including advanced strategies and tips that are only learned through experience. We tackle any subject that attendees throw at us from Passive Strategies like approaches and expectations in deploying retirement funds (IRA) or strategies on building a more balanced portfolio secured by Real Estate to Active Strategies like going through analysis of a complex multi-site mixed-use multi-phase development project.

At this time you may be asking, who are we? We are... Dima Suslikov and James Doerfel of Prime Meridian Capital ( http://www.pm.capital ) and Prime Realty ( http://www.primerealty.io ) and we are always happy to share our extensive experience running brokerages, flipping hundreds of single family homes, doing dozens of ground up developments, assigning hundreds of contracts, and growing hedge fund grade rental portfolios up and down the I-5 corridor.

Together, through a lot trials and errors, we have come to adopt a Portfolio-based approach. This means balancing our Risk, Return, and Time. We talk about this approach frequently - as it's something everybody needs to keep in mind. All of our discussions and workshops are really based around the THREE basic strategies in Real Estate, which are :

• Capital Preservation Strategies - We describe this approach as deploying your investment capital into lower risk strategies with virtually no active involvement and expectation of lower returns. This is the most passive approach with example investment vehicles being Real Estate secured debt (performing notes or Private Lending opportunities) or placing capital into a Real Estate fund with preferred returns.

• Capital Accumulation Strategies - We describe this approach as allocating your investment capital to balanced risk strategies that requires some active involvement but where you may expect medium returns. This includes investment vehicles like rental properties, BRRRR strategies, creative financing (on both acquisition and sale) - where you mainly focus on having a monthly check with upside of equity / appreciation over time.

• Capital Acceleration Strategies - We describe this approach as deploying your investment into higher risk strategies where you are actively involved with expectation of higher returns. Example investment vehicles include Flipping and New Construction. This strategy is where most people tend to put most if not all of their money. This is the riskiest of the strategies but also has upside of great returns.

Besides us sharing our experience, we frequently have other experts join us in other fields including attorneys, financial planners, commercial and residential lenders, real estate agents, contractors, etc.

Join us and bring your questions on the upcoming meetups!

Upcoming events (5+)

Preservation Strategies for Capital + IRAs : Notes & Lending

Join us for our weekly Q & A Workshop / Discussion on the subjects of investing in Debt (Notes), real estate investment funds and other guaranteed structured returns--among other strategies--for safer, passive real estate investing. We can also discuss Private Lending, from two perspectives: 1) as a Private Lender, exploring steps to take to make sure that you are properly secured and have the appropriate safeguards in place; and 2) as a borrower, steps you can take to present the most attractive package possible to Private Lenders. Your questions will be fielded by experienced local investors, Dima Suslikov and James Doerfel. We frequently discuss topics like: - how to analyze and underwrite Notes - how Notes gets sold on the Mezzanine and Secondary Markets - Deeds of Trust, Promissory Notes, insurance binders, and other instruments - the ins and outs of the Foreclosure Process - Private Lending from viewpoints of borrowers and lenders - Minimizing Risk in today's economy - anything else you guys care to chat about If you have specific questions or topics that you'd like us to touch on, please, submit those when you RSVP or you can put them in the comment section below. Looking forward to seeing everybody!

Marketing + Wholesaling + Acquisition Strategies in Real Estate : Potluck!

Join us for fun networking + discussion first Wednesday of the month. We typically allocate first hour to simply networking. Then, we gather the crowd to chat on subjects of Marketing / Wholesaling / Acquisitions or any other topic that folks want to hear on. As usual, we keep it to Questions / Answers Format - so be sure to ask all that you want to know. Also, if you feel comfortable showing a deal you are looking at in front of group - we'd be happy to analyze it. Other areas we can touch on : - Marketing for Deals - Calculating After Repair Value (ARV) - Internal Rate of Return (IRR) - And how it's calculated - Construction Costs & Practices - Creative Deal Structuring - Private Money - Lease Options - Or anything else! We keep these as "potluck" style with some light snacks provided - so, feel free to bring some food to share with group - but not required. We will also have Beer & Wine! If you have specific questions or topics that you'd like us to touch on, please, submit those when you RSVP or you can put them in the comment section below. Something worth mentioning is sometimes attendees engage in great conversations / discussions in small groups and we don't get to full group discussion. If that happens and we don't get to your burning questions, be sure to try to make it to our other workshops where the primary focus is discussion of topics. Looking forward to seeing everybody!

Accumulation Strategies for Capital + IRAs : Rentals, Value-add and appreciation

During this workshop/discussion, we typically dive into questions related to long-term Real Estate acquisitions and maximizing on this strategy. Experienced local investors, Dima Suslikov of Prime Meridian Capital and James Doerfel of Prime Realty will host and field your questions. We frequently discuss topics like: • How to get 1% Rule (or better) cash-flow properties here in Western Washington and in markets further from home [The 1% Rule means that if your all-in acquisition costs for a property are $100,000 that property should rent for $1000 (1%) a month] • How to use the BRRRR (Buy Rehab Rent Refinance Repeat) strategy to get back down payment and build instant equity • Using turnkey providers for better than 1% Rule cash-flow out of state • How to develop and/or build cash-flow properties • How to calculate Internal Rate of Return (IRR) using T-tables that factor both cash-on-cash return and appreciation • Discuss property management and tenant issues • Discuss how to analyze rental deals and do due diligence • Discuss how to raise private money to purchase cash flow rentals • And any other topic that you may want us to address If you have specific questions or topics that you'd like us to touch on, please, submit those when you RSVP or you can put them in the comment section below. Looking forward to seeing everybody!

Acceleration Strategies for Capital + IRAs : Flips + Land Development

Join real estate experts, Dima Suslikov and James Doerfel for an in-depth discussion of investing in Flips, Structured Contracts, Joint-Ventures, and Development in Real Estate. James and Dima have vast reservoirs of experience. They have flipped hundreds of properties, built portfolios of hundreds of rentals, and undertaken scores of multi-family and new construction projects--including single family, townhome & condos multi-family developments and subdivisions. While we try to tackle different subjects on different weeks - we keep it to Questions + Answers Format and we switch from Flips + Development topics to any other topics that are of interest. Some of the topics that we'd be happy to cover - as ideas : • Land Analysis • New Construction Approaches • Maximizing utilization of land (maximizing Structure / Lot Line Adjustments) • Using your self-directed IRA to flip • Using your self-directed IRA to develop land • Building curb appeal • Designing your flip • Estimating your rehab • Budgeting your rehab • Project management tools • Contract documents including scope of work, material specifications, invitation to bid, and change orders • Questions on Permits • How to work with designers & specialty contractors • How to negotiate with contractors and subcontractors • And any timely topic anybody wants to chat on If you feel OK with sharing a deal or land you are looking at in front of the group - we would be happy to analyze it for everybody. If you have specific questions or topics that you'd like us to touch on, please, submit those when you RSVP or you can put them in the comment section below. Looking forward to seeing everybody!

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