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Atlanta Real Estate Investors Alliance is All About Georgia Real Estate Investing

Atlanta Real Estate Investors Alliance - Atlanta REIAAtlanta Real Estate Investors Alliance (Atlanta REIA) is an Atlanta Georgia Real Estate Investors Association for real estate investors, real estate entrepreneurs and other real estate professionals who invest in Atlanta real estate for fun and profit and are dedicated to the highest level of professionalism and integrity.

Atlanta REIA’s mission is to help ensure our members real estate success by providing affordable, quality real estate investing education, frequent, fun real estate networking opportunities and community outreach programs to build, renovate and repair homes for needy Atlanta families and improve our local community.

If you are an Atlanta real estate investor or want to learn more about real estate investing, read more about our Silver and Gold Charter Membership Packages and be sure to attend any of our regularly scheduled meetings, networking events, webcasts, and workshops on our Atlanta REIA Calendar below. Also, be sure to read our 12 Tips on How to Get Involved with Atlanta REIA.

Download The Profit Newsletter for August 2014 (PDF)
The August 2014 Edition of
The Profit is Available for Download!

The Profit Newsletter - August 2014The August 2014 Edition of The Profit Newsletter is available for download just in time for our Atlanta REIA Main Meeting on August 4th. The Profit is an digital, interactive newsletter for new and seasoned real estate investors delivered as an Adobe PDF file to read on your PC, Mac, Smart Phone, iPad or other mobile ready devices with a PDF reader. Many of the articles and ads in The Profit contain many hyperlinks you can click or tap to visit websites, watch videos, listen to audios, download content, send emails, comment on articles, share socially and much more! The high res version of The Profit is “print ready” for those who want to print the newsletter on their home or business printer. Also, be sure to Subscribe to The Profit Here so you don’t miss a single monthly issue.

Download The Profit Now!
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See The Profit Archives for our past editions.

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Mon, August 4th at 5:00 PM in Atlanta, GA
Atlanta REIA – August 4th
Buying Houses “Subject-To”
In Today’s Real Estate Market

with Don DeRosa

Atlanta REIA Members Can Attend at No Charge. This month,
Guests Can RSVP Online Now for $20 or Pay $25 at the Door.

Don DeRosaDon DeRosa is a part time real estate trainer and mentor and full-time real estate investor who actively buys, sells and holds properties each month for huge profits and long term cash flow. Today Don is working furiously at buying properties “Subject-To” using the existing financing on the seller’s home instead of having to go to a bank or a hard money lender for funding. This allows Don to buy multiple properties fast, without coming up with all the purchase funds on the front end. This is the perfect strategy in today’s market where easy funding is not readily available for investors to buy pretty houses.

Join us on Monday, August 4th at 5:00PM at the Atlanta REIA Main Monthly Meeting at the Salvation Army Building located at 2090 N Druid Hills Rd NE, Atlanta, GA 30329 and Don will share with you, many of the subject-to strategies, tools and techniques he uses every day to create winning deals for himself as well as his buyers and sellers.

Don will walk you through real world, actual deals, step-by-step to demonstrate how to apply these strategies, tools and techniques. In fact, you can bring your deals, and he’ll show you exactly how to evaluate the lead, determine your exit strategy, structure the deal, negotiate with the seller and get the paperwork done almost instantly and without any of the hard work you normally do to get your deals done.

By the end of the presentation, you’ll know…

  • How to recognize a “Subject To” opportunity and buy with little or no money!
  • How to evaluate any lead and decide whether this is a winner for you and how much money you’ll make before you make your offer
  • How to combine buying strategies and exit strategies – that work right now, in 2014
  • How to structure a deal in less than 10 minutes, so that you make a minimum of $20,000 on it, choosing from multiple purchase and exist strategies
  • How to determine the seller’s hot buttons so you can craft a deal the seller can’t refuse
  • How to use Don’s proprietary tools to negotiate for you, so you never let your emotions talk you into making a bad deal!

And if this is not enough, Don will be back with us on August 23rd for a one day workshop called “Making a Fortune Buying Houses with No Money and No Credit” to really drive these points home and give you all the subject-to details you need to succeed in real estate investing. Once you are armed with Don’s training and the tools, you will be able to do deals you never thought possible!

RSVP Now!

*Meeting Day Agenda
4:00 pm: Active Investors Group with Gordon Catts – Green Room
5:00 pm: Vendor Trade Show & Networking – Main Lobby
6:10 pm: Updates & Announcements – Main Meeting Room
6:20 pm: Haves & Wants Speed Marketing Session – Main Meeting Room
7:00 pm: Networking Break - Meeting Room & Lobby
7:20 pm: Vendor Door Prizes & Giveaways – Main Meeting Room
7:30 pm: Buying Houses Sub2 with Don DeRosa – Main Meeting Room
9:30 pm: Late Nite Networking – Famous Pub

*Please Note: Meeting agenda is subject to change.

4:00 PM in the Green Room
Active Investors Group
Online Tools for Real Estate Investors
with Gordon Catts

Gordon CattsAt 4:00 PM in the Green Room, Gordon Catts will kick off the Active Investors Group as the “Meeting-Before-The-Meeting” where he will show you how to analyze deals, do your due diligence and pull comps. He will be demonstrating various online assets that every real estate Investor should have and use in his tool box.

Gordon will walk you through the process of getting the legal description used in writing a contract and on the deed. He will demonstrate how to approximate what the seller owes. He will take you on a virtual tour of a neighborhood so you don’t even have to crank up your car. Gordon will cover…

  • Many resources that are available online
  • Where to find the deed to a property
  • Where to find the security deed
  • What is a PT61 and why you should care
  • What a seller owes on their mortgage
  • What information you can only get from a Realtor
  • And much more!
5:00 PM in the Main Lobby
Monthly Vendor Trade Show

Dylon Ross with XfinityAt 5:00 PM in the Main Lobby, we have a Vendor Trade Show that lasts throughout the meeting where you can come out and meet many of our participating Business Members and Vendor Guests who help sponsor our meeting. See a full list of our vendors and sponsors below as they are added.

Vendor tables are limited, so any vendors wanting to reserve a table for the meeting can RSVP for a Vendor Table here. Vendor tables are reserved and setup on a first-come, first-serve basis.

6:10 PM in the Main Meeting Room
What’s Happening at Atlanta REIA

Dustin GriffinStarting at 6:10 PM, Dustin Griffin kicks off the Atlanta REIA Main Meeting with updates and announcements. Dustin covers what’s happening at Atlanta REIA in the upcoming weeks and months such as upcoming workshops, webcasts, special events, members benefits and much more! Be sure to be in the main meeting room at 6PM for your chance to be one of the first to receive a printed copy of The Profit Newsletter while supplies last.

6:20 PM in the Main Meeting Room
Haves & Wants Marketing Session

Joe ThompsonAt approximately 6:20 PM, Joe Thompson will be hosting the Haves & Wants Speed Marketing Session which gives our members the opportunity to quickly market deals they HAVE and to find deals they WANT. We also give our business members the opportunity to get up and say a few words about their businesses. Members who want to participate in the Haves & Wants Marketing Session must bring your flyers and get to the meeting early to get on Joe’s list of participants.

9:30 PM @ The Famous Pub, 2947 N Druid Hills Rd, Atlanta
Late Nite Networking at Famous Pub

Famous PubAfter the conclusion of the Atlanta REIA Main Meeting, we will be reconvening at the Famous Pub located at 2947 N Druid Hills Road NE in Atlanta, GA (in the Toco Hills Shopping Center) at 9:30 PM for the All New Late Nite Networking and the “Meeting-After-The-Meeting”! The Famous Pub will be extending our members and guests food and beverage specials throughout the evening.

  • Do you love hanging out with other fun loving, like-minded real estate investors who love to talk about real estate investing and doing deals?
  • Do you want to work with fun, energetic people who are consistently doing deals?
  • Are you always looking for new contacts and resources to build your real estate dream team?
  • Do you ever have trouble putting together profitable deals and need help?
  • Are you constantly looking for new leads sources as well as home buyers and sellers?

If you answered “yes” to any of these questions, then you belong at Late Nite Networking! Whether you are brand new to real estate investing or have years of experienced, everyone benefits from Late Nite Networking. Come eat, drink, connect, and have fun with like-minded real estate entrepreneurs as we network late into the night!

There is no charge for Atlanta REIA Members or guests, so bring a friend and head on down to Late Nite Networking! Just be sure you order food and beverages from the pub and tip their wait staff generously.

Participating Meeting Vendors & Sponsors
Meeting Vendors & Sponsors

Networth Realty of Atlanta, LLCNetworth Realty of Atlanta, LLC – A licensed, full-service residential wholesale brokerage that specializes in finding quality wholesale properties and making them available to you. Read More>>

American IRAAmerican IRA – The American IRA mission is to provide the highest level of customer service in the self-directed retirement industry.
Read More>>

The Small Business AdvisorThe Small Business Advisor – A full service small business consulting firm specializing in QuickBooks with a wide variety of specialized services, trainings and products for small businesses. Read More>>

Lima One Capital, LLCLima One Capital, LLC – A fully capitalized, direct lender for residential real estate investors and homebuilders. We are fully capitalized and our team prides itself on closing loans quickly for our clients. Read More>>

Advanta IRA AdministrationAdvanta IRA Administration – With the help of your local Advanta IRA staff, use your IRA to invest in assets you know, understand and control, such as real estate, notes & mortgages, private placements, and much more! Read More>>

Craftbuilt, Inc.Craftbuilt, Inc. – We are a Metro Atlanta design-build construction firm specializing in whole-structure renovations, restorations, and new construction. No matter what the situation, we are up to the challenge! Read More>>

Solutions Realty NetworkSolutions Realty Network – Providing expert property management and investment services since 2003. You invest and we take care of the rest! We’re the solution to all your real estate needs. Read More>>

Halperin Lyman, LLCHalperin Lyman, LLC – A transactional real property law firm devoted to providing the full spectrum of non-litigation related real estate legal and consulting services to its clientele. Read More>>

Goldmine Properties, Inc.Goldmine Properties, Inc. – As Atlanta’s first full service real estate wholesaler, we offer wholesale property at 65% loan to value, with financing available. Purchase price and repairs are 65% of certified after repaired appraisal. Read More>>

CRS DataCRS Data – We offer comps from the MLS & FSBO’s, custom searches, property tax records, interactive maps, sales & mortgage info, real estate valuations, mailing lists & more. Read More>>

Atlanta Carpet ServicesAtlanta Carpet Services, Inc. – Providing carpet, wood, vinyl, and tile, ACS is dedicated to every aspect of your floor covering needs from initial consultation to the sale and follow-up services. Read More>>

Fuller Center for Housing of Greater AtlantaFuller Center for Housing of Greater Atlanta – A faith-driven, Christ-centered, non-profit organization dedicated to providing adequate shelter for people in need in the Greater Atlanta area. Read More>>

See Atlanta REIA Events Calendar for More Events!

This is one of my favorite ways to buy!!! I do several of these a year.

It’s HOT, HOT, HOT out there, and if you’ve been sitting on the sidelines, wondering if real estate investing is for you, now is a great time to dive in! Today, let’s focus on one of my favorite investment techniques: “subject to” mortgages.

Most of you know that when you buy a house, you usually receive a warranty deed, which gives ownership of a piece of property.  If you’re paying all cash for a property, you just exchange the cash for the warranty deed.  Pretty easy most everyone knows that. 

But if you don’t have all the cash, you have to borrow the money.  Most of you know how the typical mortgage loan works: your banker says, “Sure, just sign this promissory note that says you’ll pay it all back.”  In return, you get a security instrument that says if you don’t pay the promissory note, the bank gets the property.  In most states, that security instrument is the mortgage (In Georgia, we use security deeds). That mortgage, when it’s recorded, creates a lien on the property.  In other words, the bank puts everyone on public notice that if the owner sells or transfers the property, the bank has to be paid off first.  Read More→

Working Probate

Posted on July 28, 2014 by

What is Probate? Probate is a vehicle to create inventory. A common misperception is that probate is automatically a good deal, but putting a contract on a probate property is the same as putting any other property under contract.

Finding probate properties is the same as finding foreclosures, divorces, and tax liens. Spending time building or purchasing databases and then marketing directly to them allows us to have more probate properties to select from. 

These are the factors that affect whether or not a probate is a good or bad deal:

  1. The purchase price in relationship to the after- repair value
  2. Appreciation
  3. Cash sale or owner financing
  4. Condition
  5. Type of property

In today’s current real estate market, appreciation is happening at such a rate that paying current market value has its advantages. Here are some things to consider: Read More→

Pre-Screening Prospects

Posted on July 28, 2014 by

Last month we talked about locating prospects, meaning buyers, and discovered that the two main ways we do it is, putting out signs and running ads on sites like craigslist. This month, we must discuss how to pre-screen those prospects when they get to us so we can determine the difference between someone we should work with and someone we should ignore.

We must start by deciding how we are going to capture these leads as we generate them. They will come in two forms: 1. Phone Call 2. Online. The first thing we must do is figure out how we are going to take the inbound calls. We use PATLive. Here, you have the choice of either having them taken live, or driving them to a voicemail box and just leaving enough information for you to decide whether you want to call them back. And here, my friend, is the key to pre-screening. The goal is to collect enough information to determine if they are worthy of your time. We’ll come back to that in just a minute.

If you use a voicemail system, check with PATLive on what’s called an IVR, Interactive Voice Response system. They can now set it up so the machine can ask several questions from your buyers without any human intervention. You might note, this is how we receive all our leads that we drive in from the radio at Global Publishing. A voice recorder handles all of the information and does a couple of upsells before they even get off the phone. This use of the IVR has changed our industry and now PATLive can make it available for you as a real estate investor. Read More→

Last month we discussed four of the major mistakes I made when I was learning to be a real estate investor setting at sellers kitchen tables trying to structure profitable deals to better provide for my family and the dumb things I did that cost me thousands and thousands of dollars over the years. This month I am sharing with you more of the things I did when I didn’t know what I was doing when negotiating. If you will learn from my mistakes it should take years off of your learning curve and help put thousands of dollars in your pocket every year.

  1. Sounding Like and Expert – this is a mistake I see all too many beginning investors make. Many years after I started buying houses, my mentor, Jimmy Napier told me to always be at or just below the sellers intelligent level if you want to be successful negotiating with them. Until I learned what Jimmy told me I would say the things I would hear from a seminar speaker that the sellers didn’t understand. This was not good. I found out that when you sound too smart many sellers get uneasy because they start to think that you could be getting ready to take advantage of them in some way. Never sound too smart when talking to the sellers. Read More→

How Do You Fund Your Deals?

Posted on July 28, 2014 by

Just met with a would-be real estate investor.  For two years she’s been trying to get into the investing business.  Problem is, she has yet to meet with a seller face-to-face.

When I asked why she hasn’t met with any sellers, she said: “What if the seller takes my offer?  How am I gonna pay for the property?  Banks sure aren’t lending to investors right now!”

Ironically, the fear of the seller saying, “YES!” is what keeps most would-be investors from ever making their first offer. But the astonishing thing is, if your deal is a good one, the money will ALWAYS find you

We get loads of calls from investors who are looking for money to fund their deals.  For example, yesterday an investor contacted me about a 2-bedroom, 2-bath condo he wanted to buy and flip.  The condo’s ARV (after repaired value) is $65,000.  It needs $15,000 in repairs.  The seller agreed to a $48,000 sale price.  But when all the expenses are factored in, there’s no way this investor will make a dime on this deal, and that’s why no one will fund this one. Read More→

I received several emails after my article last month regarding “Are Investors Flipping over the Gray Line.” The questions were about Land Trusts and transferring the beneficial interest at the time of closing.  So … I am writing to all of those individuals who might be ‘Flipping Over the Gray Line’ but not really knowing it.  Or maybe you are being coached by mentors and/or partners who are advising you that this is alright to do.  If that is the case, then I want you to fully realize who will be liable for the wrong doing.

First off, the Short Sale Approval Letter and the Short Sale Arm’s Length Affidavit will advise you how you can conduct the closing regarding several factors:  Closing Date, Approved Short Sale Amount, Approved Commission and Closing Costs, Approved Buyer Name, and any Deed Restrictions such as how long the new Buyer must hold the property before selling the property or if you are aware of any other agreements to sell this property to someone else at a higher price.  All of Bank of America’s short sale letters and/or the Short Sale Arm’s Length Affidavit state that the Buyer cannot resell the property for 30 days.  However, sometimes the Title Company, due to the wording in the Short Sale Approval Letter and/or the Short Sale Arm’s Length Affidavit, is not instructed to place this restriction directly on the Deed.  This is where the Investor/Buyer thinks they have found a loop hole!  The Investor/Buyer will close with Title Company A and then the same day or shortly after will turn around and close with Title Company B who has no knowledge of the Buyer’s requirement to hold the property because they did not do the first closing.  Read More→

This month I will be discussing even more ways to find all the buyers you need for your real estate investing business.

If you have taken the time to build your dream team, you might also want to talk to your dream team Realtor to see if they work with any wholesale buyers in your area. They almost always have clients looking to buy wholesale deals. They may also have pre-qualified buyers for your other deals as well. Having a Realtor on your dream team is a necessary part of building a successful Real Estate Investing Business and if you have trained your Realtor correctly from the beginning they should already be providing these leads for you.

Many home buyers in the current market are asking friends and family members for possible leads on properties. So another technique I employ to find more potential buyers for my properties is to offer incentives to folks who have already purchased properties from me in order to get referrals. This is a technique that many Real Estate Investors simply forget about, but it can be very profitable for you. Read More→

Did you hear the news?  Citigroup may have to pay a $7 billion settlement to resolve mortgage probes.  Why?  To get the government to stop looking into whether it defrauded investors on billions of dollars worth of mortgage securities.  Most of the payment will be in cash, but it will also include a few billion dollars to help struggling homeowners.  How magnanimous of them!  Citi created hundreds of billions of dollars worth of fraudulent mortgages, and now that they’ve been caught after 7 years of foreclosing like crazy on their fraudulent mortgages, they’re finally going to cough up a few billion to help out some of the people they haven’t foreclosed on yet.

This news brings to mind a case I read about recently where a REGIONAL bank had the owner of a property falsify mortgage documents in order to originate a riskier loan.  That’s right, the regional bank has the owner of two VACANT lots certify that there were houses on the two lots.  Then the bank made a loan as if the nonexistent homes were actually on the two vacant lots.  Why on Earth would the bank lie and increase their risk by loaning out so much more money than the land was worth?  It was all part of a large scale scheme to rake in as much money as possible by defrauding the bank’s investors. Read More→

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Atlanta Real Estate is the ideal investment because it provides income (cash flow), depreciation (tax benefits), equity, appreciation and leverage.

Atlanta real estate investor is someone who actively or passively invests in real estate for profit.

Atlanta real estate investing involves purchasing, owning, managing, renting and/or selling Atlanta real estate for profit.

Atlanta Georgia Real Estate Investors Association (Atlanta Ga REIA) is a local group of real estate investors and other real estate professionals who meet on a regular basis to stay informed, educated, network, share resources, exchange information, and buy, sell, rent, manage, renovate and trade real estate.

Real estate investors are people and businesses who engage in real estate investing which involves the purchase, ownership, management, rental and/or sale of real estate for profit.

Atlanta REIA North Metro REIA North Georgia REIA South Atlanta REIA South Georgia REIA North Metro REIA Atlanta Ga REIA North Metro Atlanta Georgia REIA Investment Club Atlanta Real Estate Investing Atlanta Real Estate Investors Atlanta Real Estate Investors Association Atlanta GaREIA AtlantaREIA Real Estate Investors Club. If you are looking for a Georgia Real Estate Investors Association to learn more about Atlanta real estate investing opportunities, give Atlanta REIA a try! See our Events Calendar for our latest events and monthly meetings.