California's real estate market has shifted, and for active investors, high home prices and shrinking rental yields are making the traditional approach harder to justify.
In this installment of Legacy's Network Tap partner webinar series, Mike Gobbi and Joel Wright, co-founders of GobbiWright, join us to introduce a different framework: Structural Investing, a strategy that moves investors away from a self-managed, solo-preneurial mindset and toward a hands-off, out-of-state portfolio approach built for long-term performance.
Key Session Topics:
Why California's market has created a crisis of high prices and low rental yields
The Structural Investing framework and what it means to transition to a hands-off, out-of-state portfolio strategy
How to identify markets in the investing "Sweet Spot," where higher growth potential and reduced risk intersect
What a realistic yield analysis looks like and how to set honest return expectations
Who Should Attend:
California real estate investors who want to stay active but are ready to think beyond their own backyard, and professionals who advise clients navigating these decisions.
About the Speakers
Joel Wright
Joel Wright is passionate about what makes residential real estate work, how markets change, and how to make money. Starting in real estate in 2000 after graduating with an M.A. from CSU, Sacramento he is a 3rd generation investor, a 2nd generation agent. He owned and operated Wright Real Estate for 15 years gave him a broad depth of knowledge and allowed him to work in many aspects of the residential investing arena.
He once worked as a Court Appointed Receiver for the Department of Justice, and with Administrators and Probate Attorneys, and negotiated with banks representing Sellers of Short Sales.
Joel is a real estate nerd and enjoys gathering and organizing data, and trying to figure out how the markets work.
Mike Gobbi
In 1980, Mike Gobbi worked for a hard money lender and began selling real estate when a bank asked him what to do with their newly foreclosed homes. He has sold REOs for banks for 4 decades. As a result, he has worked with and advised hundreds of investors.
Mike has managed real estate offices, property management companies, and hard money portfolios.In addition to the classes taken, properties sold, investors and institutions advised, he has also owned real estate in CA and outside.
He is a frequent speaker and loves advising investors on their real estate options.