Cityscape Korea: The Largest Real Estate Event of 2017 (Our Members Go Free!)
Aug
19
2:00pm 2:00pm

Cityscape Korea: The Largest Real Estate Event of 2017 (Our Members Go Free!)

This event is free for members of the Seoul REI Meetup who sign up via meetup.com by no later than 12 PM on Saturday, 19 August. To sign up, please visit https://goo.gl/y4PqX5.


Hi Real Estate Entrepreneurs, 

Are you ready to join us for one of the largest real estate investing events of the year? Featuring over 100 exhibitors from around the world, Cityscape Korea 2017 gives our members the chance to connect with thousands of real estate investors and professionals and learn about many new investment opportunities.

This year, the Seoul Real Estate Investing Meetup, in association with the Urban Land Institute (ULI) and the Korea Economic Daily, will be providing an English tour of the exhibitors at Cityscape Korea 2017.

You are also invited to a special seminar where you will hear more about how big data is being leveraged to improve real estate valuations. Get in on the next generation of tools that will be available to help investors make better decisions and beat out the competition.

More About the English Tour:

We’ll begin with a guided tour--in English--of a carefully curated selection of exhibitors, including but not limited to...

...as well as a number of Free Economic Zone (FEZ) authorities (http://fez.go.kr/), including Incheon, Gwangyang Bay Area, Yellow Sea, and East Coast Free Economic Zones.

Learn about what's going on in these areas and the investment opportunities up for grabs.

More about the seminar:

The English tour will be followed with a presentation by Nam Seongtae, the CEO of TriplenetSoft LLC. Nam will talk about one of his company’s latest offerings, a robo-advisory service called ZipAdvisor. ZipAdvisor collects and analyzes data from millions of data points covering the majority of apartment units in Korea. The big data insights gained from these analyses are then used to inform customized investment and balance sheet advisory services.

The presentation will be given in Korean and Korean-to-English Interpretation will be provided by Martin Bax. Martin is a professional interpreter and a graduate of Hankuk University of Foreign Studies. If you'd like to talk to Martin about his services, he can be reached by email at unspellablenick@gmail.com . 

Date: 19 August

Time: 14:00-17:00

Schedule:

  • 14:00-14:30 Registration at entrance to exhibition hall D
  • 14:30-15:30 English tour of exhibitors
  • 15:30-16:20 Break/ Self-guided tour*
  • 16:20-16:50 Seminar by Nam Seongtae in Project Presentation Room

*There will be a ULI Korea YLG Meeting from 16:00 to 16:20. Seoul REI Meetup members are welcome to participate in this meeting.

Participation Fee: This event is free for members of the Seoul REI Meetup who sign up via meetup.com by no later than 12 PM on Saturday, 19 August.

Venue: COEX, Hall D

Location: 513, Yeongdong-daero, Gangnam-gu, Seoul (Naver Map)

Directions: Get off at Samseong Station (Line 2) and exit the station via exits 5 or 6. Walk across Millennium Plaza and through the COEX mall to Hall D on the 3rd floor of the COEX convention and exhibition hall.

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Real Estate Technology in BRRRR and Wholesaling: Maximizing ROI
Aug
2
7:00pm 7:00pm

Real Estate Technology in BRRRR and Wholesaling: Maximizing ROI

What if you could discover a way to buy more and more real estate without ever running out of money? That’s exactly what smart investors, like our next presenter, are doing when they employ the BRRRR strategy. On Wednesday, August 2, the Seoul Real Estate Investing Meetup invites Beau Gumbert to talk about his unique BRRRR and wholesaling real estate investment strategies.

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Buying real estate via the blockchain for as little as $1
May
10
7:00pm 7:00pm

Buying real estate via the blockchain for as little as $1

You can sign up for this event via our Meetup GroupFacebook Group, or Facebook Page.


Could you become a real estate investor with just $1?

That could be possible with Proof, a new real estate crowdfunding site that allows you to invest as little as $1 in a real estate deal.

Proof is a new trading platform that leverages cryptographically secure blockchain technology to facilitate peer-to-peer monetary transactions and real estate equity transfers. In other words, Proof allows investors to buy and sell small portions of real estate with cryptocurrency (i.e., digital currency) such as bitcoin and ethereum. This crypto-equity can be bought and sold on the Proof marketplace.

Think of it as buying and selling shares in a company listed on the London Stock Exchange. Instead of buying and selling shares in a company of their choice for a given amount of british pounds per share, investors buy and sell equity in a property of their choice for a given amount of cryptocurrency on the Proof exchange.

Is this the wave of the future? Find out as the Seoul Real Estate Investing Meetup invites Mike De'Shazer and Tai Kersten--the CEO and CTO of Proof--to speak about their latest venture that allows investors to buy real estate for as little as $1 via smart contracts on the blockchain.

If you're a passive investor attracted by investments like REITs or have considered crowdfunding in the past, then you won't want to miss this educational presentation.

But even if crowdfunding and cryptocurrency are not in your future, use the meetup as an opportunity to get to know other investors and professionals who share a passion for real estate investing.

Language: This event will be conducted in English.

Date/time: Wednesday, May 10 from 7 PM to 9 PM

Schedule/agenda:

  • 19:00-19:30 Registration, networking
  • 19:30-20:30 Presentation, question-and-answer session
  • 20:30-21:00 Networking

Venue: This event will take place on the 6th floor of D.CAMP.

Location: 551, Seolleung-ro, Gangnam-gu, Seoul (Google Map) / 서울특별시 강남구 선릉로 551 (Naver Map)

Directions: Go out of Seonjeongneung Station (선정릉역) Exit 4. Turn around 180 degrees and walk around the corner. You’ll walk past a café called BrownHaus Coffee on your right. Walk for a further 275 meters down the hill. D.CAMP will be on your right.

Participation fee: 10,000 KRW (payable in cash and on the door)

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Dinner with the Damyang House
Mar
22
6:45pm 6:45pm

Dinner with the Damyang House

IMPORTANT: This event will be divided into two parts: 1) Dinner at Wang Thai in Itaewon and 2) drinks at Blacklist, also in Itaewon (complimentary hors d’oeuvres provided). Due to space constraints, dinner at Wang Thai is limited to 12 persons. Those who wish to attend the dinner, must 1) complete this Google form and 2) wire a refundable deposit of 10,000KRW to an organizer (see the aforementioned form for more details). Applications are time-stamped, and seats will be allocated on a first-come, first-served basis. All Seoul Real Estate Investing Meetup members are invited to attend after-dinner drinks at Blacklist. See below for details.


Join us for Thai food and after-dinner cocktails in Itaewon and meet Sean Walker, the owner/operator of The Damyang House.

The Damyang House is a private countryside vacation rental surrounded by bamboo forest in Damyang County. It was built in the 1980’s and later abandoned around 2010. Sean and his wife, Heejeong, later acquired the property in 2013. This is what the Damyang House looks like now:

The Damyang House from the outside

The Damyang House from the outside

The Damyang House from the inside

The Damyang House from the inside

But this is what it used to look like when Sean bought the property. As you can see, it was in a state of complete disrepair. Contractors had to be brought in to cut back the bamboo forest that had reclaimed the house during years of neglect. The inside space was redesigned and renovated from top to bottom.

The Damyang House before the renovation

The Damyang House before the renovation

Join us for dinner and drinks to hear about Sean’s experience and what he’s learned along the way. Sean can be very forthcoming about the financial side of things, especially after a drink or two!

So, if you want to know how much Sean and his wife paid, how much they make, the current value of the property or their future plans, join us for dinner and drinks on Wednesday, March 22. There is no participation fee - just pay for your own food and drinks.

Round 1 - Wang Tai (6:45 pm - 8:15 pm)

  • Number of participants: 12 (View the guest list.)
  • How to sign up: This Google form
  • Type of establishment: Thai restaurant
  • Address in Korean: 서울특별시 용산구 이태원로 151 3층(이태원동)
  • Address in English: 3Fl., 151, Itaewon-ro, Yongsan-gu, Seoul
  • Naver Map: http://naver.me/F43TEQdx
  • Google Map: https://goo.gl/maps/YGmquJjLyDq 


Round 2 - Blacklist (8:30 pm - 10:30 pm)

Complimentary charcuterie boards featuring Waeg Farm's delicious fresh chevre and crottin cheese, mettwurst and leberwurst from Mainzer Haus in Namhae Island and housemade pickles with duck and cognac rillettes.

Blacklist offers classic cocktails highlighting a thoughtful selection of bourbon and whiskey in the heart of Itaewon. Sean is a co-owner.

Blacklist offers classic cocktails highlighting a thoughtful selection of bourbon and whiskey in the heart of Itaewon. Sean is a co-owner.

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Analyzing past real estate transaction data in Korea so you don’t overpay
Mar
8
7:00pm 7:00pm

Analyzing past real estate transaction data in Korea so you don’t overpay

You can sign up for this event via our Meetup GroupFacebook Group, or Facebook Page.


How much is a property worth? How do you know whether it’s undervalued or overpriced? How do you know whether you’re getting a good deal?

Our speaker at this month's event is John Choi. John used to be corporate bond trader and has extensive experience analyzing and purchasing quick sales and pre-foreclosures. His professional experience has given him a unique insight into the Korean real estate market, an insight that he has leveraged to invest a his own portfolio of properties.

In his presentation, John will introduce the tools he uses to find historic sales data and discuss how he uses this data to inform his real estate investment decisions. He’ll look at recent and nearby transaction data and make a number of observations based on his years of experience in the real estate field.

John will also share with the group some active investments he's currently working on and how you can get involved if interested.

Date/time: Wednesday, March 8 from 7pm to 9pm

Schedule/agenda:

  • 19:00-19:30 Networking
  • 19:30-20:30 Presentation
  • 20:30-21:00 Networking

Venue: This event will take place on the 4th floor of D.CAMP.

Location: 551, Seolleung-ro, Gangnam-gu, Seoul (Google Map) / 서울특별시 강남구 선릉로 551 (Naver Map)

 

Directions: Go out of Seonjeongneung Station (선정릉역) Exit 4. Turn around 180 degrees and walk around the corner. You’ll walk past a café called BrownHaus Coffee on your right. Walk for a further 275 meters down the hill. D.CAMP will be on your right. 

Participation fee: 10,000 won (payable in cash on the door

Language: This presentation will be given in Korean. Martin Bax will provide free Korean-to-English interpretation. Martin is a trained interpreter and a graduate of Hankuk University of Foreign Studies. If you'd like to talk to Martin about his services, he can be reached by email at unspellablenick@gmail.com.

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Investing in Retail - GIS and Retail Market Analysis
Nov
17
7:00pm 7:00pm

Investing in Retail - GIS and Retail Market Analysis

You can sign up for this event via our Meetup GroupFacebook Group, or Facebook Page.


How many people are likely to visit your newly opened retail project? What is the potential of your project site? As a real estate investor, wouldn’t you want to know the answers to questions like these before you invested in an area? 

Retail real estate investors know that conducting a retail market analysis with GIS (geographic information systems) is one of the first steps in determining whether or not a project is worth your investment. The purposes of conducting a high-quality and thorough market analysis are twofold: (1) You can rationalize and estimate your project's anticipated annual sales; and (2) you can use the final market analysis report to entice potential investors into buying into your project.

But how exactly do you do that? What type of information should you be looking for? Population? Foot traffic? Retail spending potential?

Join us on November 17 as Raymond Chetti, an urban planning and retail development consultant, explains not only what type of market analysis major retail investors are focused on before investing, but also how you can do it yourself using geographic information systems or GIS (think online maps that overlay statistical data.)

In his presentation Raymond will give a retail market analysis demonstration using GIS. He will also show a sample “futuristic” retail market analysis study using a series of interactive maps through ESRI's Story Maps.

So if you’ve ever wondered how to analyze retail investments such as a coffee shop, an apparel store, or even a shopping mall, like Starfield Hanam, find out what the experts do. 

While you're at it, network with like-minded individuals and enjoy free beer, provided by WeWork.

More about Raymond Chetti:

Ray is an urban planning and retail development consultant with experience providing retail market analysis consultancy for projects in over 16 countries spread out over Asia, the Middle East, and North America. He has worked with a number of major players in the global retail consulting market such as Vancouver-based Thomas Consultants and G.P. Rollo & Associates; Dubai-based McARTHUR + COMPANY; and Seoul-based Thomas Consultants Asia Pacific.

Ray's consultancy experience in South Korea includes working on Shinsegae-Taubman's Starfield Hanam Shinsegae's Dongdaegu, Daejeon, Gimhae, Anseong, Centum City, and Cheongna shopping malls; Lotte Incheon Terminal; and AIG-Taubman's IFC Mall.

For more information about Ray, please check out his personal website or his LinkedIn profile.

Date/time: Thursday, November 17 from 7pm to 9pm

Schedule/agenda

  • 19:00-19:30 Networking
  • 9:30-20:30 Presentation
  • 20:30-21:00 Networking

Venue: This event will take place at WeWork Gangnam Station. WeWork provides coworking spaces and community events to to its members, ranging from individual freelancers to small tech-based startups and corporate teams. The company opened its first Korea branch in Gangnam in August of 2016 and is planning to open a second branch in Euljiro in the near future. For more information, please visit 

Location: 18 Floor, Hongwoo Building, 373, Gangnam-daero, Seocho-gu, Seoul (Google Map) / 서울특별시 서초구 강남대로 373 홍우빌딩 18층 (Naver Map)

Directions: Go out of Gangnam Station Exit 6. Turn around 180 degrees and walk along the main street for about 50 meters until you reach the Dunkin' Doughnuts on the corner. The event will be held on the 18th floor of the same building.

Participation fee: Free

Language: This event will be conducted in English. If required, our in-house interpreter, Martin Bax, will provide free English-to-Korean interpretation. Martin is a trained interpreter and a graduate of Hankuk University of Foreign Studies. If you'd like to talk to Martin about his services, he can be reached by email at unspellablenick@gmail.com.

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Happy Hour at Bennet's Bar in Itaewon
Oct
27
7:00pm 7:00pm

Happy Hour at Bennet's Bar in Itaewon

You can sign up for this event via our Meetup GroupFacebook Group, or Facebook Page.


Join us for a drink on Thursday, October 27 at Bennet's Bar in Itaewon. Meet the organizers of the Seoul Real Estate Investing Meetup and other entrepreneurial people. Talk real estate and network yourself to your next real estate deal. 

Members of the Seoul Real Estate Investing Meetup who sign up for this event will get 2,000 won off a selection of simple mixers and 1,000 won off Cass beer... all night!

The drinks included in this deal are as follows:

  • Rum & coke: 6,000 → 4,000
  • Gin & tonic: 6,000 → 4,000
  • Vodka & cranberry: 6,000 → 4,000
  • Vodka & orange juice: 6,000 → 4,000
  • Cass (500 cc): 4,000 → 3,000

Venue: Bennett's Bar / 비비스바 (Facebook Page

Location: 165-1, Itaewon-ro, Yongsan-gu, Seoul (Google Map) / 서울특별시 용산구 이태원로 165-1 (Naver Map)

Participation Fee: Just pay for your own drinks.

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Join us for a master class in real estate development
Sep
3
2:00am 2:00am

Join us for a master class in real estate development

You can sign up for this event via our Meetup GroupFacebook Group, or Facebook Page.


While some investors are happy investing in single family homes and achieving average rates of return, there are many who aspire for more. In the words of Grant Cardone, they’re looking to 10X their portfolio. 

Enter real estate development. Real estate development is the process of adding value to real estate. Real estate developers buy land, finance deals, build properties, come up with real estate project ideas, and orchestrate the process of development from the beginning to end.

Ever play SimCity? If so, then you’ve gotten a taste of what real estate development and urban planning can look like.

On Saturday, September 3, the Seoul Real Estate Investing Meetup is proud to welcome Nam Seongtae, an expert in real estate development.

Seongtae is the CEO of ZipFund (https://zipfund.co/), a tech-based real estate crowdfunding platform. He’s also worked as an investment consultant at Cushman & Wakefield, an international real estate services firm with clients none other than the US coworking space provider, WeWork. For more information about Seongtae’s experience as a real estate developer, check out his LinkedIn profile.

Seongtae also has an educational background in real estate and finance. He has a B.B.A in Finance & Economics from the University of Wisconsin-Madison and an M.S. in Real Estate from Columbia University in the City of New York.

In his presentation, Seongtae will reveal how real estate developers create value and make money while referring to a number of case studies of successful and failed projects both in Korea and the US.

s u ; p y

We'll kick things off with a short presentation by Kyechang Lee, the CEO of s u ; p y (http://www.supyrocks.com/). s u ; p y is a concept store introducing fashion lines and art works by emerging designers and artists. It opened its first store in an unlikely location—Seongsu-dong—known for its (albeit declining) shoemaking industry.

Learn why Kyechang chose to open up his first store in Seongsu-dong, how the immediate area has since shown signs of revitalisation, and what his needs are as a commercial real estate tenant. From Kyechang's insights, as real estate investors, we can better identify the signs of areas poised to transform.

While you’re at it, network with like-minded people who can help you achieve your real estate investing goals.

Language: This event will be conducted in English. If required, our in-house interpreter, Martin Bax, will provide free English-to-Korean interpretation. Martin is a trained interpreter and graduate of Hanguk University of Foreign Studies. If you'd like to talk to Martin about his services, he can be reached by email at unspellablenick@gmail.com.

While some investors are happy investing in single family homes and achieving average rates of return, there are many who aspire for more. In the words of Grant Cardone, they’re looking to 10X their portfolio. 

Enter real estate development. Real estate development is the process of adding value to real estate. Real estate developers buy land, finance deals, build properties, come up with real estate project ideas, and orchestrate the process of development from the beginning to end.

Ever play SimCity? If so, then you’ve gotten a taste of what real estate development and urban planning can look like.

On Saturday, September 3, the Seoul Real Estate Investing Meetup is proud to welcome Nam Seongtae, an expert in real estate development.

Seongtae is the CEO of ZipFund (https://zipfund.co/), a tech-based real estate crowdfunding platform. He’s also worked as an investment consultant at Cushman & Wakefield, an international real estate services firm with clients none other than the US coworking space provider, WeWork. For more information about Seongtae’s experience as a real estate developer, check out his LinkedIn profile.

Seongtae also has an educational background in real estate and finance. He has a B.B.A in Finance & Economics from the University of Wisconsin-Madison and an M.S. in Real Estate from Columbia University in the City of New York.

In his presentation, Seongtae will reveal how real estate developers create value and make money while referring to a number of case studies of successful and failed projects both in Korea and the US.

s u ; p y

We'll kick things off with a short presentation by Kyechang Lee, the CEO of s u ; p y (http://www.supyrocks.com/). s u ; p y is a concept store introducing fashion lines and art works by emerging designers and artists. It opened its first store in an unlikely location—Seongsu-dong—known for its (albeit declining) shoemaking industry.

Learn why Kyechang chose to open up his first store in Seongsu-dong, how the immediate area has since shown signs of revitalisation, and what his needs are as a commercial real estate tenant. From Kyechang's insights, as real estate investors, we can better identify the signs of areas poised to transform.

While you’re at it, network with like-minded people who can help you achieve your real estate investing goals.

Language: This event will be conducted in English. If required, our in-house interpreter, Martin Bax, will provide free English-to-Korean interpretation. Martin is a trained interpreter and graduate of Hanguk University of Foreign Studies. If you'd like to talk to Martin about his services, he can be reached by email at unspellablenick@gmail.com.

Date/time: Saturday, September 3 from 2 PM to 4 PM

Venue: 3rd SPACE

Location: B104-ho, 276, Hyoryeong-ro, Seocho-gu, Seoul (Google Map) / 서울특별시 서초구 효령로 276 B104호 (Naver Map)

Directions: Get off at Nambu Bus Terminal Station (남부터미널역) on line 3 and go out of exit 5. Walk straight for about 100 meters until you reach the first side street. Cross the side street. 3rd SPACE is in the basement of the building on the corner. 

Participation fee: 10,000 won (includes pizza and beer until supplies last)

Date: Saturday, September 3 from 2 PM to 4 PM

Venue: 3rd SPACE

Location: B104-ho, 276, Hyoryeong-ro, Seocho-gu, Seoul (Google Map) / 서울특별시 서초구 효령로 276 B104호 (Naver Map)

Directions: Get off at Nambu Bus Terminal Station (남부터미널역) on line 3 and go out of exit 5. Walk straight for about 100 meters until you reach the first side street. Cross the side street. 3rd SPACE is in the basement of the building on the corner. 

Participation fee: 10,000 won (includes pizza and beer until supplies last)

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Big data reveals Korean real estate secrets & find your next deal with Naver Land
Jul
23
2:00pm 2:00pm

Big data reveals Korean real estate secrets & find your next deal with Naver Land

You can sign up for this event via our Meetup GroupFacebook Group, or Facebook Page.


It's a brave new world when it comes to real estate investing. Crowdfunding, drones, 3-D modeling, "smart" buildings. These are just a few examples of how technology is revolutionizing how we invest. But perhaps the biggest changes have come in the area of data. With advanced computing, an investor now has an overwhelming amount of information to sift through before making a decision.

This month, members of the Seoul Real Estate Investing Meetup are invited to hear two people who are at the forefront of this “big data” revolution in Korean real estate: Mike De'Shazer and his wife, Jeein.

Together, they founded KorEstate (http://www.korestate.com), a real estate tech company that has been amassing millions of data points regarding the Korean rental and purchase market.

During their presentation, they plan to reveal some of the latest trend data that can help you invest smarter.

Also, and in keeping with the theme of technological tools that are revolutionizing investing, we will have a special workshop on using Naver Land to find real estate deals. So, bring your laptop if you want some hands on participation.

If you’re serious about investing in real estate and you want to equip yourself with the latest tools and data to outclass, out-think, and out-strategize the competition, then you won’t want to miss out!

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

Venue: 10K City Hall

Location: JEI Building 2nd Floor, 16, Eulji-ro, Jung-gu, Seoul (Google Map) / 서울특별시 중구 을지로 16 재능교육빌딩 2층 (Naver Map)

Directions: Get off at Euljiro 1-ga subway station (을지로입구역) and go out of exit 8. Walk straight for about 3 to 4 minutes and follow the road round to the left and past Hotel President. 10K City Hall is just past Hotel President and overlooking Seoul Plaza.

Participation fee: 10,000 won (payable in cash and on the door)

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Gentrification in Korea: How it affects communities and real estate investors.
May
28
2:00pm 2:00pm

Gentrification in Korea: How it affects communities and real estate investors.

You can sign up for this event via our Meetup GroupFacebook Group, or Facebook Page.


The “G” word: Gentrification. For many real estate investors, when they see the “G” word, their eyes light up with dollar signs.

However, this month, the Seoul Real Estate Investing Meetup invites 정상택 (Cheong Sang Taek), Director of the Small Business Development Division at Seoul Metropolitan Government (http://english.seoul.go.kr/), for a special presentation on gentrification, how it affects our communities, and the responsibility of real estate investors when dealing with these transitioning neighborhoods.

정상택 will be identifying different gentrifying neighborhoods in Seoul and discussing government efforts to preserve the character of Seoul's neighborhoods by working with the community and businesses in the area.

While many of us may have gotten into real estate investing with dreams of passive income and an early retirement, it’s important for us investors to understand how we can work with communities to improve lives as well as earn profits from our labor.

Join us for this special presentation as we welcome 정상택, a Seoul Metropolitan Government public official, to our meetup for the first time!

정상택 is responsible for ensuring the vitality of small businesses in Seoul and often appears in the media to discuss small business development. In fact, you may have recently seen him on News 9 on KBS 1 (see here:http://goo.gl/W9EOAD).

Take advantage of this unique opportunity to gain access to someone with great knowledge of official city policy when it comes to real estate and business. Bring the questions that you have always wanted to ask someone in the government but never had the chance to.

The presentation will be given in Korean and consecutively interpreted into English by Martin Bax, a trained interpreter and graduate of Hanguk University of Foreign Studies. As the Seoul Real Estate Investing Meetup’s interpreter, Martin provides a valuable service to our network, and we thank him for all he does. If anyone would like to get a hold of Martin to talk more about his services, he can be reached by email on unspellablenick@gmail.com.

We’d also like to thank 10K for allowing us to host our events there. 10K is a co-working space, incubator, and accelerator. To find out more information about 10K, please visit: http://10k.asia/.

Date/time: Saturday, May 28 from 2 PM to 4 PM

Venue: 10K City Hall

Location: JEI Building 2nd Floor, 16, Eulji-ro, Jung-gu, Seoul (Google Map) / 서울특별시 중구 을지로 16 재능교육빌딩 2층 (Naver Map)

Directions: Get off at Euljiro 1-ga subway station (을지로입구역) and go out of exit 8. Walk straight for about 3 to 4 minutes and follow the road round to the left and past Hotel President. 10K City Hall is just past Hotel President and overlooking Seoul Plaza.

Participation fee: 10,000 won (payble in cash and on the door)

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Learn how to analyze and invest in Korean pre-foreclosures and new construction.
Apr
23
2:00pm 2:00pm

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

For more detailed information about this event and to sign up, please click here to visit the meetup event page.


Description

At this month’s meetup, you will 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 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

Location

JEI Building 2nd Floor, 16, Eulji-ro, Jung-gu, Seoul (Google Map) / 서울특별시 중구 을지로 16 재능교육빌딩 2층 (Naver Map)

Directions

Get off at Euljiro 1-ga subway station (을지로입구역) and go out of exit 8. Walk straight for about 3 to 4 minutes and follow the road round to the left and past Hotel President. 10K City Hall is just past Hotel President and overlooking Seoul Plaza.

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.

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Play Cashflow and discuss real estate with Jacob and Victoria Michaels.
Apr
16
9:45am 9:45am

Play Cashflow and discuss real estate with Jacob and Victoria Michaels.

For more detailed information about this event and to sign up, please click here to visit the meetup event page.


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Description

On March 19, Jacob and Victoria Michaels wowed their fellow Seoul Real Estate Investing Meetup members with their own real estate investing strategy.

As is often the case with good quality presentations and interesting topics, many audience members were left with only more questions to explore.

If you're one of those people or if you weren't able to make it the March 19 meetup, the Seoul Real Estate Investing Meetup, in collaboration with Jacob Michael's own meetup, is co-hosting a Cashflow board game day.

Cashflow is an educational board game designed by Robert Kiyosaki (the author of Rich Dad, Poor Dad). It aims to teach players concepts of investing by having their money work for them in a risk-free setting (i.e., using play money) while at the same time increasing their financial literacy and stressing accountability. 

There are two stages to the game: "the rat race" and the "fast track." During the initial rat race, players aim to raise their respective character's passive income level so that it exceeds their character's expenses. Once a player achieves this level of passive income, he or she may move to the the fast track in which a winner is determined. To win, a player must get his or her character to buy a predetermined "dream" or accumulate an additional $50,000 in monthly cash flow.

Instead of score cards, there are financial statements. The game requires players to fill out their own financial statements to keep track of where their streams of income and expenses are coming from.

Date

April 2, 2016

Venue

Jacob and Victoria will host the event at their house. However, we'll meet outside of Hongik University subway station, exit 4 at 9:45 am. Then Jacob will lead us to his home.

Participation fee

Free

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Inside peek: $2 million in Korean real estate through 0% interest financing
Mar
19
2:00pm 2:00pm

Inside peek: $2 million in Korean real estate through 0% interest financing

For more detailed information about this event and to sign up, please click here to visit the meetup event page.


Description

Last month, we brought you Nikola Medimorec of Kojects. Urban development was the theme. Our members learned where potential new hotspots might be.

This month, we shift our focus to acquisition strategies.

Two of our members, Jacob and Victoria Michaels, will divulge how they've purchased over a dozen investment properties with a total asset value of more than two million dollars using money they've borrowed... for free!

How is this possible? By using the jeonse strategy - a form of creative financing. We've written about that here and here.

Jacob and Victoria will be revealing negotiation strategies, favourite places to find deals, how to property manage, profits and losses, and risks.

As well as being an active investor in Korea, Jacob is also an active investor in the US, where he buys and sells houses via wholesaling - another form of creative financing similar to the jeonse strategy - all from the comfort of his own home in Korea!

If you’re interested in actually owning Korean real estate, the jeonse strategy and creative financing in general, this is a presentation you won’t want to miss!

We’ll also have time for our members to get to know each other better and talk casually in the beautiful 10K City Hall located near Seoul Plaza and City Hall.

Date/time

Saturday, March 19 from 2 PM to 4 PM

Venue

10K City Hall

Location

  • JEI Building 2nd Floor, 16, Eulji-ro, Jung-gu, Seoul (Google Map)
  • 서울특별시 중구 을지로 16 재능교육빌딩 2층 (Naver Map)
 

Participation fee

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

English-Korean interpretation service

If you have trouble communicating in English, don't worry! We offer a free interpretation service. Our interpreter is Martin Bax. Martin's a native English speaker, but he's also fluent in Chinese and Korean. In fact, he recently graduated with an M.A. in Interpretation and Translation from the Korean-English Department at Hanguk University of Foreign Studies. If you'd like Martin to interpret for you, just let us know.

영한 통역 서비스

영어 의사소통에 있어 어려움을 느끼시면 걱정할 필요가 없습니다! 무료 통역 서비스를 제공해드립니다. 저희 통역사는 영어 원어민인 Martin(백마딩)입니다. Martin은 한국어와 중국어를 구사하며 올해 한국외대 통번역대학원(한영과)를 졸업했습니다. 통역 서비스가 필요하시면 사전에 연락해주시기 바랍니다.

(Banner photo by Dushan Hanuska, Flickr)


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Buy a building in Korea: How one of our members did it
Jan
2
2:00pm 2:00pm

Buy a building in Korea: How one of our members did it

For more detailed information about this event, please click here to visit the meetup event page.


Hi Real Estate Entrepreneurs,  

What better way to start your 2016 than by moving a step closer to financial freedom? 

This month: Buying commercial property in Korea

Our guest speaker, Jean-Luc Leese, will tell you how he was able to buy a small commercial building in Korea... as a foreigner! He talks about his returns, how he analyzed his investment, and the process of going through an eviction in Korea. 

Learn about one of the pitfalls of real estate investing as Jean-Luc walks us through the difficult process of removing a deadbeat tenant. 

This will be followed by a question and answer session with, Eric, an English-speaking Korean real estate agent.

(Photo by Ilsang Moon on Unsplash)


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