So here's the latest success story that I wanted to share. On Saturday, January 3, the Seoul Real Estate Investing Meetup had our third meeting.
In a few short months, we are proud to say our membership has grown to over 70 members (online) and over 100 Facebook "likes." I'm sure other meetups have more impressive numbers, but considering we originally thought it would be just four or five of us meeting at Holly's Coffee in Itaewon, we've been very pleased to see it take off.
Of course, this meetup was a little different and a little more special, because in addition to featuring great fellow BiggerPockets members as speakers, we had one of the BiggerPockets Grand Poo-Bahs (I wonder if Brandon's ever been described that way before!)
None other than the man from the title himself - Brandon effin Turner!
Needless to say, we were fairly stoked that he agreed to speak with our little group.
Through the power of the internet, Skype, and an overhead projector, we were able to beam his smiling countenance onto the screen for all to see, like Big(gerPockets) Brother watching over us from some Sci-Fi flick - only a kind, gentle Big Brother with a beard, a mustache, and cool microphone!
He then generously answered questions from our members for the next 30 minutes.
It was incredible that even though Brandon was halfway around the world, it felt like he was in the room with us.
Of course, given this unique opportunity, we had to ask him:
What's one of your worst real estate investment experiences?
To view his answer, check out the YouTube video below. (Warning: Do not view while eating.)
At our meetup we also had two other awesome speakers.
Fellow BP member Jacob Michaels and his wife Victoria shared with us their strategies for getting great deals in the beautiful, scenic Sokcho area (located near Seoraksan) by taking advantage of geupmae (quick sale) as they are called in Korean. They also explained how they are able to purchase apartments using everyone’s favorite - OPM (Other People’s Money) - but without "traditional" private equity loans and... without any interest! Pretty interesting strategy that's Korea-specific and that has led to 15 transactions. Definitely would qualify for as "creative."
We also had newly minted BiggerPockets member, @Josh McNicoll, (Yes, we encourage all our meetup members to join the BiggerPockets community) talking about his experiences in Kansas City, Missouri, and his strategy for vetting properties, getting them inspected, getting pictures taken of them, and working on deals, all from the comfort of his home, 6,500 miles away in Seoul.
Overall, we felt it was a great success. I want to thank the BiggerPockets community for helping to connect all of us out here in Korea and make all of this possible. Joshua Dorkin and Brandon Turner - thanks for all the hard work on the site and podcast.
(And of course, thanks to the other members of the BiggerPockets team! We know it takes a team to make BiggerPockets successful.)
The world has truly gotten smaller thanks to BiggerPockets. Even though BiggerPockets HQ might be thousands of miles away in Colorado, it’s helped connect us expats out here in Korea and allowed us to create this space to help each other learn and also continue spreading the BiggerPockets ethos to all reaches of the globe. (We’ve had visitors from Hong Kong, Taiwan, and Bali at different meetups, making us a truly international group.)
Our meetup features different ethnicities, different native languages, and different countries we’re all living in. But one thing we all share a common love for is real estate.
BiggerPockets also helped Ben and I complete our first real estate transaction in Florida - from finding partners, to finding contracts - all done online from Korea without ever having visited Florida, let alone the house we bought. More on that in a future post!)
Thanks again to the BiggerPockets community!
And now here’s that link of Brandon’s worst investing experience. It's definitely the funniest story you'll hear today:
And a shout out to Sandra Roddy, fellow BiggerPockets members and now part of our meetup.
And now some Pics: