Archive for December, 2015

Thur, Dec. 17th @ 6:30PM – Atlanta, GA
Atlanta Intown Investors Club
Buy, Sell, Trade, Network, Q&A
This Group is All About Doing Deals!
Dec. 17th, 6:30PM at Wrecking Bar Brewpub
Bring Your Deals, Biz Cards & Flyers
Atlanta REIA Members & Non-Members Welcome!

Atlanta REIA Members & Guests Please RSVP on Meetup.com

Atlanta REIA Members & Guests, Please RSVP on Meetup.com

Atlanta Intown Investors ClubThe Atlanta Intown Investors Club is a new Atlanta REIA Subgroup led by Maggie Groholski that meets on Thursday, December 17th at 6:30PM at the Wrecking Bar BrewPub in Atlanta, GA. Our mission and focus is to provide an open forum for real estate investors and industry professionals to network and have direct access to hot real estate deals. The format for this meeting is totally member-centric. It’s content and value is derived from our members and guests actively participating and networking with each other during the meeting.

Wrecking Bar BrewpubThis meting is all about transacting and doing deals. You will have the opportunity to pitch your properties, products, and services; voice your real estate haves and wants; and participate in open discussions of real estate questions and concerns. We will not be pitching products from the front of the room. We will strive to remain a forum for investors to do deals and learn and seek advice from your peers and trusted industry professionals. The more you attend and participate, the more deals you’ll do and, the smarter we all become.

Wrecking Bar BrewpubMeetings will be held on the 3rd Thursday of each month from 6:30PM – 9PM in the Cellar Room of the Wrecking Bar BrewPub located at 292 Moreland Ave NE in Atlanta, GA. Dinner will be available to order as well as a wide variety of beers and cocktails. Join us for the meeting as well as dinner to support the brewpub. Stop by the valet station for COMPLEMENTARY Valet Parking or COMPLEMENTARY Parking Passes to park across the street

Atlanta REIA Members & Guests Please RSVP on Meetup.com

Atlanta REIA Members & Guests, Please RSVP on Meetup.com

Late Nite Networking After Intown Meeting

Late Nite NetworkingAfter the conclusion of our Atlanta Intown Investors Club Meeting, we will be hanging out a the at the Wrecking Bar Brewpub for “Late Nite Networking” to socialize and build stronger relationships. So come and join us for the Atlanta Intown Meeting and be prepared to stay late and network and have fun with like minded real estate investors, marketers and other professionals late into the evening!

See Atlanta REIA Events Calendar for More Events!
Tue, December 15th @ Noon in Decatur, GA
The Onsite Renovation Group
Hands-On Learning “ Site” at Your Real Renovation Projects
Tuesday, December 15th at NOON
At 3991 Shallowford Green Ct, Marietta, GA

Atlanta REIA Members Attend for NO CHARGE and Guests for $20 at the door.
Guests can join Atlanta REIA for Only $100/year and Attend for NO CHARGE!

Atlanta REIA Members Please RSVP on Meetup.com
Atlanta REIA Members & Guests, Please RSVP on Meetup.com

This month, on Tuesday, December 15th at NOON, the Onsite Renovation Group will be meeting at one of Don DeRosa’s rehab properties located at 3991 Shallowford Green Ct, Marietta, GA. We met at this property back in September and it should be completed or nearly completed by the time of this meeting. Come see how the rehab has progressed since Sept. We will also be taking a look at several of your rehab projects and discussing the different steps involved and sharing ideas about the projects. This will be a fun and informational meeting. Don’t miss out!

Lynn OverallThe Atlanta REIA Onsite Renovation Group (ORG), hosted by Lynn Overall, is an educational and networking group that focuses on the acquisition, renovation and retail resale (fix and flip) of single family residential homes. The purpose of this group is to allow both new and experienced rehabbers and investors to meet, network and share knowledge and experience with “hands on” access to real property. The Onsite Renovation Group meets on the 3rd Tuesday each month at NOON at an active renovation site, build site or rental property which will vary from month to month. As always, there is no charge for Atlanta REIA members to attend. Guests pay just $20 at the door.

For our meeting next month, we are looking for YOUR rehab deals. We want to take our group of investors and visit 3 of your rehab projects. If you have a project that is underway, please let Lynn know as soon as possible. We would love to learn together and discuss YOUR real life renovations!

Atlanta REIA Members Please RSVP on Meetup.com
Atlanta REIA Members & Guests, Please RSVP on Meetup.com

See Atlanta REIA Events Calendar for More Events!
Mon, December 14th @ 6PM in Sandy Springs, GA
“Let’s Make A Deal”
Monday, December 14th at 6PM
Hudson Grille, 6317 Roswell Rd, Sandy Springs

Atlanta REIA Members Please RSVP on Meetup.com
Atlanta REIA Members & Guests, Please RSVP on Meetup.com

Let's Make A DealThe “Let’s Make A Deal” group is a subgroup of the Atlanta REIA led by Lynn Overall and Don DeRosa that now meets on the 2nd Monday of each month at 6PM at the Hudson Grille located at 6317 Roswell Rd in Sandy Springs, GA. The focus of the group is to take new investors through the entire process of repurposing distressed home. Each home is purchased by the group and is completed as a Joint Venture. An experienced rehab investor then leads the group through the rehab process. Risk of loss is mitigated through the use of a consistent system for rehabbing homes, and through the use of experienced contractors. Our goal is to purchase a new property at each of our meetings.

Lynn Overall and Don DeRosaDuring the meeting, we will identify a property, hard or private money lender, and a contractor. We will finance the deal using a participating money lender, all of whom attend the meetings. Do not leave your checkbooks at home because we buy properties at each meeting.

The sponsors of the “Let’s Make A Deal” group have successfully repurposed homes in California, Texas, Georgia, and Florida. If you are a new investor looking to be a participant in a home rehab project, then this is definitely the group for you. Please keep in mind that everyone who attends “Let’s Make A Deal” is required to participate. The minimum size of the investment will be determined by the purchase price of the home presented at the meeting.

Come on out and check out the meeting. We would love to have you join our team! We are looking forward to learning and earning with you!

Atlanta REIA Members Please RSVP on Meetup.com
Atlanta REIA Members & Guests, Please RSVP on Meetup.com

See Atlanta REIA Events Calendar for More Events!
Mon, December 21st at 6:30 PM @ Hudson Grille, Sandy Springs
Atlanta REIA Annual
BIG Christmas Party!

Mon, December 21st at Hudson Grille Sandy Springs
All Members & Guests MUST RSVP Online to Attend.
*Food & Non-Alcoholic Beverages Included!

Atlanta REIA BIG Christmas PartyAtlanta REIA wants to wish you a very Merry Christmas and Happy Holidays! On Monday, December 21st at 6:30PM, we’re having a very special Atlanta REIA BIG Meeting & Christmas Party at the Hudson Grille located at 6317 Roswell Rd NE in Sandy Springs, GA. Atlanta REIA Gold Members can attend for $15, Silver Members for $20 and Guests for $40. RSVP Now & Save Your Seats!

Register Now

*PLEASE NOTE: Food and non-alcoholic Beverages will be provided for those who register and show up on time. Attendees can also order off the Hudson Grille menu and/or purchase adult beverages at the cash bar at their own expense if they wish.

Christmas Party 2015 Speakers

We also have a very exciting line up of guest speakers whom all happen to be Atlanta REIA subgroup leaders. There will be lots of food, fun, networking, education and a cash bar as well. Come and celebrate the Christmas season with your fellow real estate investors and get ready for an exciting New Year full of new opportunities and exciting possibilities. RSVP Now!

This Christmas Party will sell out fast, so please RSVP Now to reserve your seats so you can come celebrate the holiday season with us! Again Atlanta REIA Gold Members are $15 per person, Silver Members are $20 and Non Members $40. The small fee is to help cover the food and room rental. RSVP Now and we’ll save you a seat. We hope to see you there!

Register Now

See Atlanta REIA Events Calendar for More Events!
Mon, January 4th at 5:00 PM in Norcross, GA
Atlanta REIA Main Monthly Meeting
& Vendor Trade Show
Jan 4th @ Atlanta Unity, Norcross, GA
Creative Deal Structuring is Not Only Important, But Essential to Your Real Estate Business
with Special Guest, Larry Harbolt

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

Atlanta REIA Members Please RSVP on Meetup.com
Atlanta REIA Members Please RSVP on Meetup.com

RSVP Now!

Russ HinerAtlanta REIA is excited to announce that Larry Harbolt will be the special guest speaker at our Main Monthly Meeting on Monday, January 4th at 5PM. The meeting will take place at Atlanta Unity located at 3597 Parkway Lane in Norcross, GA. Larry will be sharing his wealth of knowledge with us about structuring deals in ways that avoid using banks for financing at all costs.

Due to the much stricter qualifications banks are requiring their borrowers to adhere to today, it has become nearly impossible for many investors to get any type of institutional financing, especially those who have less than stellar credit and small cash reserves. This problem has, and will continue to eliminate a lot of investors from the business, especially those in the early years of their investing career.

How would you like to learn how to structure deals so that you will never need to beg for a loan from any lender ever again? Larry is going to share with you multiple ways to structure and finance the deals you do regardless of your financial situation. You can then use these strategies every day for the rest of your life, no matter how your personal situation may or may not change. By using these techniques, you can quickly become financially free by buying houses and doing deals over and over without ever having to take any money out of your own pocket or getting any type of a loan.

“I believe, as I have for many years, that the secret to every real estate investor’s success will be to use some sort of creative techniques and deal structures. Doing this is essential in today’s real estate market, even if you could qualify for an institutional loan. Why would you want to qualify for a loan when you don’t need to?” – Larry Harbolt

Once you learn how to buy houses without needing to get a loan at a bank you will always be able to do more deals and make more money in any real estate market! Larry will teach you how to…

  • Buy real estate profitably in any market or economic cycle.
  • Understand how to buy real estate when you have No Money and Not so Good Credit.
  • Create the terms that will make you cash today regardless of the current real estate environment.
  • Buy millions of dollars of real estate and never have one debt shown on your credit report or be personally liable for a penny owed.
  • Build multiple income streams, like the banks do, and acquire free assets without investing a dime out of your pocket.
  • Learn how to change the length of the loan months or years after the closing and make the seller ecstatic to do so, you both win.
  • Create huge discounts on your seller carry back financing with no negotiating needed when you plan to pay the sellers off. If you know how to do this up front, you can avoid having to deal with a flaky seller later.
  • Buy and Sell a property for the same price and still make a profit.
  • And much, much more!

Come out and see how easy it can be to get started doubling or tripling your current income and buy more houses using little to none of your own money. All this is happening at the Atlanta REIA main meeting on Monday, January 4th at 5PM at Atlanta Unity located at 3597 Parkway Lane in Norcross, GA.

As always, Atlanta REIA Members can attend the event at no charge and Non-Members can Register Online for $20 or pay $25.00 at the door. Be sure to bring your business cards and flyers and join us for an evening of real estate deals, vendors, networking, education and fun! See you there!

And then, Larry will be back on Saturday, January 9th where he will spend an entire day teaching you about how to structure your deals so you can avoid banks and still get paid! Reserve your seat today!

Atlanta REIA Members Please RSVP on Meetup.com
Atlanta REIA Members Please RSVP on Meetup.com

RSVP Now!

*Meeting Day Agenda
5:00 pm: Meeting-Before-the-Meeting with Don DeRosa
5:00 pm: Vendor Trade Show & Networking
6:15 pm: Updates & Announcements
6:30 pm: Haves & Wants Speed Marketing Session
7:00 pm: Networking Break
7:20 pm: Vendor Door Prizes & Giveaways
7:30 pm: Main Presentation with Larry Harbolt
9:30 pm: Late Nite Networking at Three Dollar Cafe

*Please Note: Meeting agenda is subject to change.

5 Days & 4 Nights in CancunWIN A 4 NIGHT STAY IN CANCUN: All participants who attend the Atlanta REIA Meeting will entered into a drawing for a chance to win a *Complimentary 5 Day, 4 Night Stay in Cancun! *You must be present at the meeting to win. Giveaway does not include dining, transportation, transfers, taxes, upgrades, etc.

5:00 PM in Main Meeting Room
The High Tech Home Buyers Creative Deal Makers Subgroup

January 4th Meeting Before the Meeting
with Don DeRosa

Atlanta REIA Members Please RSVP on Meetup.com
Atlanta REIA Members Please RSVP on Meetup.com

Don DeRosaAre you spending money on marketing and not getting any deals? Are you able to take any lead and make a deal out of it? Do you know how to make multiple offers that actually get accepted? Are you using technology to your advantage? If the answer is “NO” to these questions then you MUST attend this subgroup meeting.

Would you like to learn how to structure deals so you can buy houses with little or none of your own cash and none of your own credit? 15 hours a week… That’s all you need! Imagine… taking any seller lead and being able to create a winning deal out of it… Making thousands of dollars where you thought there were none. No more wasted marketing dollars. No more wasted phone calls. No more wasted time.

Join Don DeRosa at the High Tech Home Buying Creative Deal Structuring Subgroup on Monday, January 4th from 5PM to 6PM at the Atlanta REIA Main Meeting at Atlanta Unity where he will be teaching about a wide variety of topics each month. Don will teach you about the state-of-the-art tools and techniques you’ll use to evaluate deals and figure out how to make them work – so you can work less and spend more time where you want, when you want and with whom you want.

Some topics Don will be teaching about include:

  • Using Apps on your iPad or other mobile device to evaluate deals on the go
  • Creative Techniques such as Wrap Around Mortgages, Sandwich Lease Options, Subject-To, Seller Financing, and more
  • How to be a transaction engineer.
  • How to be a problem solver.
  • And so much more…

Bring your deals and Don will walk through them step-by-step and he’ll show you how to easily evaluate the lead, determine your exit strategy, structure the deal, negotiate with the seller, and get the paperwork done in a snap.

Its an amazing time to be a real estate investor. Don’t look back 5 years from now and wish you had acted. Learn how to buy right… Learn to Make More and Work Less, Right Now!

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.

6:15 PM in the Main Meeting Room
What’s Happening at Atlanta REIA

Dustin GriffinStarting at 6:15 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 6:15 PM for your chance to be one of the first to receive a printed copy of The Profit Newsletter while supplies last.

6:30 PM in the Main Meeting Room
Haves & Wants Marketing Session

Joe ThompsonAt approximately 6:30 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 @ Three Dollar Cafe, 6050 Peachtree Pkwy, Norcross
Late Nite Networking at Three Dollar Cafe

Three Dollar CafeAfter the conclusion of the Atlanta REIA Main Meeting, we will be reconvening at Three Dollar Cafe located at 6050 Peachtree Pkwy #100 in Norcross, GA at 9:30 PM for the Late Nite Networking and the “Meeting-After-The-Meeting”!

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

Participating Meeting Vendors & Sponsors
Meeting Vendors & Sponsors
Reserve a Vendor Table Here

Air Conditioning Experts, Inc.Air Conditioning Experts, Inc. – For all your air conditioning services throughout Atlanta, contact Air Conditioning Experts. We have all the training and experience necessary to ensure the success of your home cooling system.

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>>

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>>

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>>

New Western AcquisitionsNew Western Acquisitions – A full service Real Estate Brokerage that specializes in helping investors in acquiring inventory, securing contractors and lenders, as well as aiding in the liquidation of these assets. 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>>

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>>

Secured Investment Lending

Atlanta REIA Wild West Group

The Tookes Group

See Atlanta REIA Events Calendar for More Events!
Sat, January 9th at 9AM – Decatur, GA
Atlanta REIA Presents:
Creative Deal Structuring:
What to Say, How to Avoid Banks and Still Get PAID!!
A Full Day Workshop with Larry Harbolt
Saturday, January 9th from 9AM – 5PM
At the Keller Williams Metro Atlanta
315 W. Ponce De Leon Ave, Suite 100, Decatur, GA

<<< EVENT SOLD OUT >>>

Larry HarboltAs the real estate market is starting to change for the better, qualifying for institutional loans are still very difficult for many real estate investors. Hard money loans are too expensive and should only be used for short term deals anyway. For those exact reasons, it is essential for real estate investors to learn how to keep their businesses thriving without having to rely on banks or other institutional lenders. On Saturday, January 9th, Larry Harbolt will be teaching a full day workshop that will equip you with the knowledge and tools to be able to do just that. The workshop will begin at 9AM at Keller Williams Metro Atlanta located at 315 W. Ponce De Leon Ave, Suite 100 in Decatur, GA

During this workshop, Larry will teach you magic words that create huge fortunes and how to use multiple strategies to catapult your real estate business to the next level in the shortest possible period of time. He will also be exposing new and different strategies that he rarely shares in detail which will immediately allow you to structure more and higher profit deals so you can make far more money than you are currently making. Come hear what Larry has to say and learn how to continuously do deals regardless or whether money is hard to get or not!

At this workshop, you will learn how to:

  • Overcome seller objections like a pro-negotiator.
  • Ask the right questions that will create Golden Deals.
  • Create extra profit out of thin air on most of your deals.
  • Build an empire of monthly cash flow and cure negative cash flow; these are the secrets only a handful of people know about.
  • Generate big profits from the “deal after the deal”. All seller-financed deals have back end profit centers if structured properly, and Larry will show you how it will cost you a fortune if you don’t know these investor secrets.
  • Learn to negotiate deals without ever talking to the sellers.
  • How to make thousands up front buying houses “subject to”, sell them with owner financing fast, and earn monthly cash flow with little to no maintenance on your part, few tenant issues and fewer costly entanglements. If you want to increase your monthly cash flow, this could be an entire business platform worth your focus, and Larry will give you a plan to do it!
  • And much, much more!

Larry will also show you how to structure deals with zero interest, no payments, and even how to do deals if you are in bankruptcy. Larry has students who have bought over 20 seller financing deals in 2015 using his techniques and strategies. You aren’t going to want to miss hearing what several of his students are currently doing to make extra profit on 5 to 15 extra deals each year making $3,000 to over $30,000 on each of those deals!

And then, if all of that wasn’t enough, Larry is also going to teach you about:

  • The 7 Deadly Mistakes All Investors Make.
  • Think about your goals before making your offer.
  • Understand why any property is a good deal worth pursuing?
  • Think through the deal so you know you will make a sufficient profit before you do the deal!
  • Understand what the highest and best property use is that will maximize your profit.
  • Know how to quickly pre-screen which properties are the best candidates.
  • How to avoid violating the Dodd-Frank Act legally, morally and ethically.
  • Determine what the best buying strategy should be for every deal.
  • How to get into the mind of the seller — what do they want? Why do they want it, and the best way to give them what they want!
  • How to build instant rapport and be the savior to today’s distressed sellers.

Saturday, January 9th will be your ticket to creating multiple profit checks regardless of your financial situation. After this workshop, you will know how to immediately structure deals that you never thought possible. Don’t miss this great opportunity. Register now!

Register Now!

PLEASE NOTE: Atlanta REIA Gold & Silver Members can bring a spouse, adult child or parent at no extra charge. Non-Members who join Atlanta REIA between December 25th and January 8th can attend this full day workshop for FREE and bring a qualified guest such as a spouse, adult child or parent. Atlanta REIA Members who renew their membership between December 25th and January 8th for 1 additional year can attend for FREE as well. When joining or renewing your membership, please let us know that you want to attend this event at no additional charge. You can join Atlanta REIA at membership.atlantareia.com.

See Atlanta REIA Events Calendar for More Events!
Download The Profit Newsletter for December 2015 (PDF)
The December 2015 Edition of
The Profit is Available for Download!

The Profit Newsletter - December 2015The December 2015 Edition of The Profit Newsletter is now available for download. There are 50 pages of valuable information this month for your real estate investing pleasure and success. Download it and check it out! The Profit is Atlanta REIA’s digital, interactive newsletter for serious real estate investors delivered as an Adobe PDF file to read on your PC, Mac, Smart Phone, iPad or other mobile ready devices. Many of the articles and ads in The Profit contain many hyperlinks you can click to get more information online! The high res version of The Profit is “print ready” for those who want to print the newsletter on their home or business printer. Be sure to Subscribe to The Profit by Email or Subscribe to The Profit by Text so you don’t miss a single issue.

Download The Profit Now!
High Quality PDF / Low Res PDF / The Profit Archives

You Don’t Need Money

Posted on December 7, 2015 by

You don’t always need money to buy real estate…if you know how to use creative financing. Creative financing is a broad term. There are many ways to complete a real estate transaction using creative financing, so many in fact that it would take me at least a full day to teach you all of the tricks of that trade. In this article I am going to cover the two most popular creative financing techniques that I have had the most success with. They are Master Lease Options (Lease Options) and Seller Financing. I created a 400 unit portfolio using creative financing without ever needing a traditional lender like a bank and you can too. It’s really not that hard.

Master lease options (MLO) or lease options are a great way to get started in the real estate business or to limit some of the risk of buying a distressed asset. We use the term master lease options when we are discussing a multifamily property as there is more than one unit involved, therefore the term “Master Lease”. If we are discussing a single family deal then it’s just a lease option. They are basically the same thing and will work the same way.

A master lease option is a set of two contracts. The first is the lease that allows us to “rent” the property with the right to sublet or re-rent the property to a tenant. This gives us control over the operations of the property and the CASH FLOW! With this document we now control the operations of the deal including management. This will allow you to manage it yourself or to hire a management company to do it for you. If there is work that needs to be done to the property you can now get it done under the lease option. If there is bad management you can now hire new management and lease up the place so it makes more cash flow (multifamily). The lease will set a “rent” payment to the seller and it will stay fixed for the life of the contract so you always know what the payment is. Ideally this rent payment will consist of the owners mortgage payment, taxes, and insurance. This will allow the seller to break even and will allow you to keep any positive cash flow! Read More→

Scott UlmerHello Atlanta REIA Members. I am Scott Ulmer and I have been investing in real estate over 20 years. In that time, I have experienced some tremendous successes, and some tremendous failures as well.

Every time I fell down, I picked myself up. No matter how hard the situation, being tenacious and never giving up always paid off, and here I stand today.

I owned 2 real estate companies prior to the market meltdown, and ultimately lost them both. What I have learned and experienced firsthand is that failure is a part of success, and a person only truly fails when they quit. One thing I will never do is quit.

Just over 17 months ago I left my job, where I ran the real estate operation for a nationally-known real estate guru. I was also one of the top Mentors, and consulted hundreds of students around the country.

Although I enjoyed my time running that real estate operation, I learned a few things about myself. Not only did I have a particular knack for helping people become successful real estate investors, but I also took my years of investing experience and created a unique formula for success along the way.

I created a business model that, when implemented with the right systems, can generate immediate cash flow, and a lot of it! Read More→

I have spoken with many Realtors and Investors who informed me that they are not interested in listing or buying short sales because the Short Sale Lenders are always higher than the actual value of the property.

I have stressed over the years how important it is to meet the Realtor or Appraiser that was sent from the Short Sale Lender at the house with the Purchase Agreement, Hardship Letter, Comparables, Crime Report of the Area and Repair Estimate for the property in order for the Short Sale Lender to have the actual value of the property.

The BPO Agent/Appraiser does not provide to the Short Sale Lender the Crime Report or the Repair Estimate on the property. This information is provided by the Listing Agent or the Negotiator representing the Seller when you have to dispute the value. In fact, a BPO Agent may only have 3 little boxes to include the costs of the repairs so they can’t always include all the repair costs that the house really needs.

The BPO Agent/Appraiser has been informed from the Short Sale Lender that they do NOT consider cosmetic repairs. So what are cosmetic repairs? Paint, Carpet, Appliances and updates of kitchens, bathrooms, roof and air conditioning unit that are functional. Read More→

There Are No Tears in Real Estate

Posted on December 7, 2015 by

With less than a week left before completing a major rehab on our latest real estate investing deal, all Kim wanted to do was to drop to the floor and cry when she saw what had happened to every interior wall in the home.

The day before, the walls had been perfect. But on this day, the walls looked like something you’d see in one of those circus houses with funny mirrors that make your head look huge while making your body look the size of a walnut.

In this home, we’d replaced all the paneling with new paneling. Then came two days of constant rain. Because the HVAC system wasn’t yet working, there was a significant increase in the home’s humidity level. The new paneling quickly absorbed the excess humidity and became wavy.

A multitude of things made Kim want to cry. All the time and money spent demolishing the old walls and installing the new ones was for naught. The rehab was scheduled to be completed in five more days, but now would be extended by at least two weeks. The extra work would cause this rehab to go over budget. Read More→

LightArrow’s LifeTopix App Review

Posted on December 7, 2015 by

“A place for everything and everything in its place” ~ Benjamin Franklin

The developers at LightArrow must have had me in mind. Or at least, someone like me. I found myself constantly checking various apps, and across devices it is easy to lose track of messages, updates, and photos. I’ve been juggling things for a long time, but LightArrow has made an app that makes everything mesh together on one screen.

LifeTopix is almost like an operating system for all your apps. This single app makes one place where you can view your calendar, update travel plans, make a checklist, even order things on that list or make memos to yourself. I love the fact that you can install this on your phone or your tablet, and the interface is very clean with a white background. It even prompts you if you forgot something.

Doing what I do is my passion, but also overwhelming at times. I like the fact that this one app has consolidated my other apps, and really saves me time. Instead of bouncing around from one screen to another, everything that is important to me is on one screen. At a glance, I can see my tasks, reminders, and in this screen I can even shop. Read More→

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