Learn how to analyze and invest in Korean pre-foreclosures and new construction.

Hi Real Estate Entrepreneurs,

At this month’s meetup, learn another acquisition strategy: how to analyze and purchase pre-foreclosures and brand new apartments before they’re constructed, otherwise known as pre-sales.

With pre-sales, you can buy real estate well below market value with little to no money out-of-pocket by leveraging both bank loans and other people’s money. (See this article (http://seoulreimeetup.com/korea/how-to-buy-an-apartment-in-korea-for-5000) for an introduction to the jeonse strategy of investing using your tenant’s money.)

Our speaker is John Choi. He was a corporate bond trader and has extensive experience purchasing bad credit and short sales. Banks would offer to sell John and his company pre-foreclosures, and he and his team would analyze the deals and buy up the best ones before they were put up for auction.

About 5 years ago, however, he quit his day job and now lives off passive income. In other words, he did what many investors dream of: He escaped the rat race!

John’s professional experience has given him a unique insight into the Korean real estate market, and he has used this knowledge to invest in his own portfolio of 15 pre-sales over the past 20 years. At present, he holds 8 properties with a total asset value of $2 million dollars.

Join us on Saturday, April 23 to educate yourself about pre-foreclosures and pre-sales. You’ll also have time to get to know other members better and talk casually in the beautiful 10K City Hall located near Seoul Plaza and City Hall.

Date/time: Saturday, April 23 from 2 PM to 4 PM

Venue: 10K City Hall (http://10k.asia/places_korea/)

Location: JEI Building 2nd Floor, 16, Eulji-ro, Jung-gu, Seoul (Google Map (https://www.google.co.kr/maps/place/10K+City+Hall/@37.565443,126.9782821,18z/data=!4m2!3m1!1s0x357ca2f273fd487f:0x2d1c81d1b0f7801f?hl=en)) / 서울특별시 중구 을지로 16 재능교육빌딩 2층 (Naver Map (http://maps.naver.com/?dlevel=12&pinType=site&pinId=37362143&x=126.9792243&y=37.5653984&enc=b64))

Participation fee: 10,000 won (includes a coffee or tea from the on-site coffee shop.)

Korean-English interpretation service: This presentation will be conducted in Korean, and our in-house interpreter and member, Martin Bax, will provide consecutive Korean-to-English interpretation. Martin graduated with an M.A. in Interpretation and Translation from the Korean-English Department at Hanguk University of Foreign Studies.