Archive for February, 2013

Sat, Feb 23 at 9AM – Hilton Garden Inn, Cartersville, GA
Grow Your Wealth With The Financial Calculator
A Full Day Workshop with Bill & Kim Cook
Saturday, February 23, 2013 from 9am – 5pm
At the Hilton Garden Inn, Cartersville, GA

Bill & Kim CookWant to know how to use the financial calculator to help determine whether the deal you are working on is worth pursuing?

Want to know how to calculate the mortgage payments when a homeowner says “Yes!” to your offer of “Will you owner finance?”

Want to know how long it will take you to pay off your credit card balance, or how much interest you will have paid on your mortgage ten years from now?

Want to learn how wealthy people just keep getting wealthier? It isn’t a secret. They simply understand Money. Learning the financial calculator will help you construct safer, better, more profitable Real Estate Investing Deals!

Join us for an eye-opening, full day workshop on Creating Wealth by Understanding the Power of the Financial Calculator!

Register Now!

Read More→

(POSTPONED) Wed, Feb 20th @ 6:30 PM in Buford, GA
Atlanta REIA North Meeting

Atlanta REIA North Monthly Meeting(POSTPONED UNTIL MARCH 20TH) Atlanta REIA North is a of the Atlanta Real Estate Investors Alliance that meets on the 3rd Wednesday of each month at from 6:30 PM to 8:30 PM at 1960 Skylar Hill Dr, Suite D, Buford, Georgia in North Gwinnett County just a few miles from the Mall of Georgia. Like the Main Atlanta REIA Monthly Meeting, this subchapter will be led by Dustin Griffin and will focus on a wide variety of cutting edge real estate investing strategies with a special emphasis on Internet Marketing and Technology for the modern day “High Tech Investor”. The cost is $5.00 at the door for non-members.

Tilted Kilt(POSTPONED UNTIL MARCH 20TH) Immediately after the Atlanta REIA North Monthly Meeting at approximately 9 PM, we will reconvene at the Mall of Georgia Tilted Kilt located at 3480 Financial Center Pkwy in Buford, GA for the meeting-after-the-meeting, AKA Late Nite Networking. We hope you will come out and eat, drink, network, learn and have fun with us and keep the investing conversations going late into the evening! If the North Meeting is running a little late, be sure to save us a seat.


Adairsville TornadoKim and I were at our horse ranch when the Adairsville tornado came spinning through last week.  When the rain began blowing sideways and we saw a couple of our trees crash to the ground, we beelined it for the hall closet.

Almost immediately, TV news began showing all the destruction the tornado had done to our wonderful little town – it was one video clip after another of total devastation!

We have a lot of friends and a number of investment properties in Adairsville and Calhoun.  We called to make sure folks were all right, but the phones were out.  We prayed – a lot!

Here’s the thing: we quickly realized that the tornado was not about the devastation and destruction: It was about all the wonderful people who came together to help make things better! Read More→


Are You An Eagle Or An Oyster?

Posted on February 2, 2013 by

Last week’s column brought in lots of calls and emails asking for more information about how we buy mobile homes for cash and then sell them with terms.  The two most common questions we received were: 1) How do we determine our purchase price?  2) How do we determine our sale price?

Today, let’s answer these questions.  Oh, and if you think this is boring stuff, then you must think 70% yields on your investment dollars is boring stuff, too.   

Let’s look at how we determine our purchase and sale price.  For this example, let’s assume we’re thinking about buying a fifteen-year-old, two-bedroom, two-bath singlewide mobile home in a park.

First, we investigate to see how much other 2/2 properties are RENTING for in the area.  Let’s say, between apartments and single-family houses, the average rent in the immediate area is $700 per month. Read More→


Atlanta REIA Meeting on Feb 4, 2013

Posted on February 1, 2013 by
Mon, February 4th at 5:30 PM @ Crowne Plaza Ravinia, Atlanta
Atlanta REIA Main Meeting
with Bill Cook on
“How to Earn Mail Box Money”
at the Crowne Plaza Ravinia on February 4th
Atlanta REIA Members Can Attend at No Charge.
Guests Can RSVP Online Now for $15 or Pay $20 at the Door.

Bill CookAtlanta REIA is very excited to announce that local real estate investing expert and leader of North Georgia REIA, Bill Cook, will be speaking at our Atlanta REIA Main Meeting on February 4th at the Crowne Plaza Ravinia in Atlanta which starts at 5:30 PM.

Bill Cook and his wife Kim have been investing in real estate in Georgia for over 18 years. They own a fair number of single-family rental homes, they flip houses, plus they do a lot of note and option deals. But the one unique thing they do that gives them the highest yields on their investment dollars and jam packs their mailbox with money is their mobile home investments… that’s right, they buy ugly, used trailers!

For example, they buy a used mobile home in a mobile home park for around $3,000, do a quick clean up and fix up, then sell it for $9,000 with $500 down at 18% interest with payments of around $275 per month for around 4 years. The results of this simple deal are eye-popping! They quickly turn $3,000 into $12,000 while getting a yield of around 100%! Try matching these results with ANY other type of real estate investing vehicle. And here’s the best part, you don’t need a lot of money and there is very little competition!

Join us at our February meeting if you want to see real-world examples – including pictures and paperwork – of what Bill and Kim do to earn their mailbox money and how they do it! There is no fluff… it will be all meat and potatoes!

  • Why do Lonnie Deals?
  • What is a Lonnie Deal and how does it work?
  • How do you find the right mobile homes to buy?
  • Which mobile home deals should you avoid?
  • How to work with park owners?
  • How to find sellers?
  • How to buy a “trailer”?
  • How to sell a “mobile home”?
  • What to do if the buyer doesn’t pay you?
  • When is the best time to do Lonnie Deals?
  • Examples of real deals that Bill and Kim have done…
  • And much more!

Come spend the evening with Bill on February 4th and let him teach you how to earn all the mailbox money you can handle in 2013! Also, be sure to check out Bill’s two latest articles on mobile home investing:

  1. Which Type of Real Estate Investing Deal Has The Highest Yield?
  2. Are You An Eagle Or An Oyster?
Meeting-Before-The-Meeting at Total Wine & More Perimeter
Mobile Real Estate Rockstars Group
with Don DeRosa

Don DeRosaPlease join us for the “Mobile Real Estate Rockstars Group” (Rockstars) hosted by Don DeRosa at our “Meeting-Before-The-Meeting” on Monday, February 4th at 3:00 PM at Total Wine & More located at 124 Perimeter Center W (see map). The Mobile Real Estate Rockstar Group is an educational and networking group for investors who want to leverage mobile technology to become more competitive, profitable investors. You’ll learn how to use the latest apps, tips and techniques to use the information they need, right now, at their fingertips, from anywhere. At 5:00 PM, Total Wine & More will be offering a complimentary wine tasting to all those who attend our meeting and wish to participate. There is NO CHARGE to attend this meeting or the wine tasting for Atlanta REIA Members and guests. Thanks Total Wine & More!

Meeting-After-the-Meeting at Tilted Kilt Perimeter
Late Nite Networking at Tilted Kilt

Tilted KiltAfter the conclusion of the Main Meeting, we will be reconvening at the Tilted Kilt Perimeter located at 1155-B Mount Vernon Highway in Atlanta for the “Meeting after the Meeting”. The Tilted Kilt will be offering half price appetizers as well as food and drink specials for our members and guests. Come eat, drink, network and have fun with us as hang out late into the night!

*Meeting Agenda
3:00 pm: Meeting-Before-the-Meeting with Don DeRosa
5:00 pm: Vendor & Event Setup
5:30 pm: Vendor Trade Show & Networking
6:15 pm: Announcements, Haves & Wants Speed Marketing Session
7:15 pm: Networking Break
7:30 pm: “How to Earn Mailbox Money” with Bill Cook
9:30 pm: Late Nite Networking at the Tilted Kilt Perimeter!

*Please Note: Meeting agenda is subject to change.

Participating Vendors & Sponsors

Each and every month, for the duration of our meeting, we have a Vendor Trade Show in which you can come out and meet many of our participating business members who help sponsor our meeting. Thanks again 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>>

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>>

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>>

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>>

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>>

Pete's Friendly Home InspectionsPete’s Friendly Home Inspections, LLC. – Pete’s provides home inspections, radon monitoring, gas/water/septic tests, checks pools/sprinklers and any other type of inspection needed to get you that next home! 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>>

Platinum Real EstatePlatinum Real Estate– A full service real estate brokerage that provides a wide range of real estate services including full service property management. We assist our clients in buying residential, commercial and investment properties throughout metro Atlanta. Read More>>

Angel Oak FundingAngel Oak Funding – A direct hard money lender headquartered in Atlanta. We provide renovation/construction loans for investors and or builders to purchase and renovate residential properties. 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>>

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>>

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>>

Simply Amazing Staging AtlantaSimply Amazing Staging Atlanta – We have a proven record of converting those “For Sale” signs into “Sold” signs. We use 5 proven and time tested steps to sell your home in record time.

WGC Lending

Alexandra Spollen

Vacant Investment Protection, Inc

Robin Mitchell Agency

Gary Carrol Renovations

See Atlanta REIA Events Calendar for More Events!