Archive for September, 2010
We have a very special agenda planned for our next Atlanta REIA Main Monthly meeting on October 4th at 5:30 PM at the Doubletree Hotel in Roswell. Our Charter Membership drive starts Oct 4th! Dustin Griffin will be rolling out our new Atlanta REIA Charter Membership Packages and tell you how you can get paid handsomely to help us grow our Charter Membership. You must be present to participate in this month’s Charter Membership rollout. Also, our special guest Rick Harper from Summit Credit Group is going to talk about how to repair your credit and your life as well as that of your customers, tenants and buyers. And Atlanta’s very own Pete Youngs, AKA Mr. Rehab, will be talking about how run a profitable home renovation “fix and flip” business.
More specifically, Pete is going to talk about:
- Making an extra $10,000 average profit on every deal
- Learn to evaluate repairs and estimate costs
- How to create thousands in profits while rehabbing
- Where to get low cost labor without losing quality
- Getting contractor discount savings from 10% to 30% or more
- Managing rehabs without doing the work yourself
- Hands on training for “Do it Yourselfers”
- Rehab 101 techniques to turn ugly houses into $30,000 pay checks
- Doing minor cosmetic repairs to major renovations
- Covering your assets using liability and lien waivers
- Making thousands of dollars extra per deal by being the job boss
- Being your own general contractor for the big bucks
- And more!
After honorably serving several years in the military, Rick Harper became very successful in the art of selling and financing within the automobile industry. He became a corporate financing instructor for a major automobile manufacturer. He was known across the country for his integrity, product knowledge, and willingness to go the extra mile.
While continuing his career in the auto industry, Rick began to transition into the mortgage business. With continued success, and the love and support of his family, he decided to leave the car business for good. As Rick had proven before, by choosing to do business the right way he climbed the corporate latter once again to become the Branch Manager of multiple offices spanning across the country. Read More→
Year after year, home remodeling fraud costs consumers thousands of dollars and considerable stress and aggravation. Another scary thought is that a big part of the people targeted for this type of scam are elderly persons. Contractor fraud is a criminal activity pulled by scam artists on consumers. They tend to prey on senior citizens and singles, taking advantage of their willingness to trust others who sound believable. Sadly, it’s a different world today. It is best to be cautious when seeking workers. Among some fairly obvious tactics, here are some things to watch out for. Read More→
Mold in houses has become one of the most popular scares in recent years. Although it has been around since before caveman days, our industry is always out to find something new to charge thousands of dollars to correct. Most molds, even black in color are not the toxic poison type of mold that causes illness in people. The temporary fix is to use a 50/50 mix of bleach and water to clean the surface. This does not kill the mold, it just removes the surface visibility and unless you take away the moisture or cause of the mold it will return. For mold remediation of black mold and mold infestation, please refer to my article on mold in your previous issues of REIP magazine. If you have significant mold in sight, one of the brands of product I recommend is Microban. It is highly effective in handling problems associated with mold, fungi, bacteria, germs and so on. You may find it by calling a janitorial supply company from your yellow pages book. Read More→
Curb appeal is one of the most important aspects of any real estate transaction. For me, it is the curb appeal that defines everything about my deal. How much will I offer? How much will it take to rehab the property? How does it compare to the surrounding living conditions? Simply stated, if the curb appeal is not very good, I know that I can buy the property for a discounted price. And that’s what my business is all about. Buying distressed homes and then raising the curb appeal through repairs to the property that not only raise curb appeal, but also the value too. Here are several ways that I use to bring up the value of houses to maximize my profit at resale. Read More→
Pete Youngs is a successful real estate investor, business owner, author, and lecturer dedicated to helping others to achieve their goals as investors and real estate entrepreneurs. Pete’s specialty is teaching people how to rehab properties for a fraction of the normal estimated cost. His knowledge and ability to get the highest quality results for the lowest possible price earned his companies many prestigious renovation contracts such as the living quarters for the 1996 Atlanta Summer Games, Courtyard By Marriott Hotels, two different contracts within international communications giant MCI, Publix Distribution Center and hundreds of single and multi-family homes nationwide. Read More→
We had our first Evening with an Expert Webcast on September 22nd, 2010 with our special guest and my good friend and real estate attorney, John Maurer. On our webcast, John talked about the Safe Act (the Georgia Residential Mortgage Act) and how it affects real estate investors wanting to negotiate short sales as well as offering owner financing to their buyers. He talked about the good news and the bad news you need to know. He also talked about doing “dry funded” back-to-back closings, flipping and took many live questions from our audience. Be sure to listen to the replay below so you don’t miss a thing. Read More→
Tonight’s FREE Webcast: Tuesday, September, 28, 2010 at 7PM ET on GoToWebinar.com (Register Now!) with Stefan Kasian and Special Guest.
Tonight’s Topic: “Group Restructures Your Mortgages Below Today’s Values… And You Still Keep The House!” That is great news! Tonight’s webcast at 7PM ET will feature the principals of an incredible mastermind. They are based in California and claim over 100 successful cases (and growing). In this informative call, they will explain step-by-step how you can get better-than-short-sale results with your home or investment properties and still keep the house!
Here is how they describe it… Read More→
Congress has reacted to the financial meltdown in the housing sector in a number of interesting ways. Very few of them, I feel, are likely to actually deal with the root issues of why the bubble grew so much in the first place. In 2008, the US Congress passed the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (Also called SAFE Mortgage Licensing Act or simply the SAFE Act). The main purpose of the act was to restrict the ability to make mortgages to those that are licensed by the state. Georgia incorporated the SAFE act into law in 2010 with an update to the Georgia Residential Mortgage Act (Called GRMA) that can be found in O.C.G.A. 7-1-1000 and following to about 7-1-1018. The changes to the law have significant impact on investors who buy real property in Georgia and sell it using owner financing.
The first and easiest thing to note is that there are no changes when the purchaser is an investor. The law does not attempt to restrict buyers who are also investors. If you are an investor-to-investor seller of property, you need read no further and be glad that this is the case. Read More→
Hey everyone! I am excited to announce that we are launching our new Evening with a Real Estate Expert Webcast TONIGHT, September 22nd, 2010 at 7PM ET via GoToWebinar.com with our special guest and my good friend and real estate attorney, John Maurer. John brings to the table twelve years of real estate experience with a specialty in investor services. John has handled all aspects of real estate transactions from conventional loans to hard money deals. He has done short sales, back to back closings, wrap mortgages, owner financing and dealt with non-closing real estate litigation including foreclosures, evictions and the creation of various contracts including rental contracts and lease purchases.
On our webcast, John will be hitting some of the highlights of the new investor market landscape. He will answer questions about the SAFE Act and how it relates to both Short Sales and Owner Financing. He will discuss back-to-back transactions, both general and as part of a short sale. He will discuss issues regarding financing and seasoning.
Don’t miss your chance to get your questions answered by John Maurer LIVE on our first ever, Evening with an Expert Webcast! Register for the Webcast Now!
Hey everyone! I am excited to announce that we are launching our new Evening with a Real Estate Expert Webcast on September 22nd, 2010 at 7PM ET via GoToWebinar.com with our special guest and my good friend and real estate attorney, John Maurer. John brings to the table twelve years of real estate experience with a specialty in investor services. John has handled all aspects of real estate transactions from conventional loans to hard money deals. He has done short sales, back to back closings, wrap mortgages, owner financing and dealt with non-closing real estate litigation including foreclosures, evictions and the creation of various contracts including rental contracts and lease purchases.
On our webcast, John will be hitting some of the highlights of the new investor market landscape. He will answer questions about the SAFE Act and how it relates to both Short Sales and Owner Financing. He will discuss back-to-back transactions, both general and as part of a short sale. He will discuss issues regarding financing and seasoning. Don’t miss your change to get your questions answered by John Maurer on our first ever, Evening with an Expert Webcast! Register for the Webcast Now!
John Maurer was born in Nashville Tennessee and attended undergraduate college at the University of Knoxville, Tennessee. He came to Georgia in 1992 to study law at Emory University and graduated in 1996 with his J.D. Upon passing the Bar, he practiced litigation and was admitted to practice in all Georgia Courts including the Federal Northern and Middle District Courts of Georgia. In 1998 he began his work in residential real estate. In 2004 he left the firm of Stevens, Maurer and Cooper to open his own firm where he felt he could give more personalized service to his clients.