Archive for July, 2016
Make QuickBooks Your Own: Specify Your Preferences
Posted on July 11, 2016 byYour business is unique. Make sure that QuickBooks knows how you operate.
QuickBooks was designed to be used by millions of businesses. In fact, it’s possible to install it, answer a few questions about your company, and start working right away.
However, we strongly suggest you take the time to specify your Preferences. QuickBooks devotes a whole screen to this customization process. You can find it by opening the Edit menu and selecting Preferences.
Figure 1: The My Preferences window in QuickBooks’ Preferences
This is the screen you’ll see when you go to Edit | Preferences in QuickBooks. You can turn features off and on, and customize the software in numerous other ways. For Real Estate investing you should turn on the “Use Class tracking” AND “prompt to assign classes”. This will allow you to see each property with its own Income Statement. Read More→
Land and Lot Transactions Are More Complex
Posted on July 11, 2016 byLand and lots just sat on the market for years during the last economic down turn and now are a hot commodity on this hot market. What most people do not realize is that land is a much more complex transaction.
PROPERTY
How large is the property? Typically a lot is sold with an individual price for the entire parcel. Larger tracts are often sold at a price per acre times the number of acres. Properties in downtown areas with high density zoning are sold by the square foot, so a couple of inches will change the price.
ZONING
First, what is the highest and best use? Determine first whether the property in the city or in the county. If it is in city limits, go to the city’s zoning ordinances. If not, go to county zoning. Is it residential, commercial, or agricultural? What is the zoning on the property? Zoning is usually stated on tax records. Unfortunately, all the counties and cities in Georgia have their own zoning codes and what holds true about a zoning code in one area, is totally different in another. Generally speaking, in order of density: Read More→
BIGO Webinar Replay: Doing Your Due Diligence with Russ Hiner
Posted on July 9, 2016 byDoing Your Due Diligence on All Your Deals
Watch the “BIG O” Webinar Replay
with Russ Hiner
New investors often have lots of questions when it comes to evaluating a property and doing their due diligence. Questions like…How do I know if a property is a good deal or not? Should I do my due diligence before or after I get a property under contract? How do I determine the property’s value before and after repairs are made? How do I determine how much repairs will cost? How do I check title? How much valuable information can I pull from public records?
If you would like to get the answers to these questions and more, this is definitely a webinar replay you don’t want to miss!!
You Will Learn:
- What your due diligence priorities should be
- Where to do your due diligence
- How to determine a due diligence plan
- Buying houses with tenants in them, buying vacant houses, multi family
- What to do when your plan doesn’t work!
- And much, much more…
If you are really serious about upping your investing game and want to learn what “buyer beware” really means, be sure to watch this webcast that we recorded live with Russ Hiner on June 22, 2016 at the Beginning Investors Group Online. Watch the Webinar Replay Now! Read More→
Learn to Protect Your Assets at EPIC Group on July 19, 2016
Posted on July 8, 2016 bywith Joe Thompson
July 19th, 6PM, Flat Creek Country Club
100 Flat Creek Rd, Peachtree City, GA 30290
Come Join Us for COMPLIMENTARY Appetizers!
The mission of the EPIC group is the provide a platform for success in Real Estate Investing through Education, Properties, Income, and a Community of like-minded investors. To be a place to Network and Learn the pathway to success in real estate investing through different monthly topics presented by experts inside the real estate industry.
The meeting will be held on Tuesday, July 19th at the Flat Creek Country Club located at 100 Flat Creek Rd in Peachtree City, GA. Our special guest speaker will be Joe Thompson. Joe will be discussing both the HOW’s and the WHY’s of legal entities. This will be a great opportunity for you to network with other like-minded investors and to learn about using legal entities to protect your investments.
Come Out on Tuesday, July 19th and every 3rd Tuesday of Each Month. You are sure to meet some great individuals and make lasting connections that will help propel your business in the right direction. We look forward to seeing you there!
Atlanta REIA Members & Guests, Please RSVP on Meetup.com
Learn All About Options at Atlanta REIA on July 11, 2016
Posted on July 1, 2016 by& Vendor Trade Show
The Safest & Cheapest Way to Control Property!
Atlanta REIA Members Can Attend at No Charge. This month,
Guests Can RSVP Online Now for $20 or Pay $25 at the Door.
Join us this Monday, July 11th at 5PM at the Atlanta REIA Main Meeting at the Doubletree Hotel Roswell located at 1075 Holcomb Bridge Rd, Roswell, GA where our special guest speaker will be Bill Cook who will be discussing one of the best kept secrets in the real estate investing industry… Options!
When it comes to Options, most real estate investors have only heard of lease-options. Fact is, there are many types of Options. Investors are always finding new and better ways to use them because they’re a completely different kind of tool than anything else in real estate.
Options are a right, not an obligation to purchase. What on earth does this mean? When you sign a loan, it’s an obligation. When you sign a contract, it’s an obligation. But with Options, you’re paying for the right to make up your mind to purchase on some future date. With an Option, you have a risk-free or low risk choice as to whether you’ll perform or not in the future.
At the July Atlanta REIA meeting, you will learn:
- What makes options so profitable?
- How can you control a $250,000 property for just $100?
- How can you use an option to capture a property’s appreciation and amortization?
- Who is most likely to give you an option, a buyer or seller?
- What is the best way to secure an option?
- How can options remove any excuse you have for not being in the real estate game?
- And much, much more!
Why attend this month’s meeting? Most investors have no clue how to use an Option to control a property. Don’t believe me? Ask around. Options will allow you to step above your competition because you’ll be able to make more of the impossible deals possible!
TAKE ACTION and RSVP for this Meeting Now! Come join us to learn how to add Options to your bag of real estate investing tricks!
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!
Atlanta REIA Members Please RSVP on Meetup.com
*Please Note: Meeting agenda is subject to change.
WIN 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.
July 11th Meeting Before the Meeting
with Don DeRosa
Atlanta REIA Members Please RSVP on Meetup.com
Are 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, July 11th from 5PM to 6PM at the Atlanta REIA Main Meeting at the Doubletree 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!
At 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.
Starting 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.
At 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.
After the conclusion of the Atlanta REIA Main Meeting, we will be reconvening at a local restaurant 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, so bring a friend and head on down to Late Nite Networking and have a cold brew with us! Just be sure you order food and beverages from the restaurant and please tip their wait staff generously.
American IRA – The American IRA mission is to provide the highest level of customer service in the self-directed retirement industry.
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Advanta 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>>
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.
Networth 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>>
Auction.com – The nation’s leading online real estate marketplace, having sold over $34 billion in real estate assets. Auction.com’s mission is to provide the most trusted online real estate marketplace, making transactions easier and more transparent. Read More >>
The 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>>
Secured Investment Lending – A licensed direct mortgage lender specializing in non-traditional hard money loans for non-owner occupied buy/fix sell properties or rental properties throughout the GA and FL. Read More>>
Equitable Consulting – Investors, wether you have a short term or long term plan, “fix & flip” or “buy & hold”, individual units or entire portfolios, Equitable Consulting is your resource at every step. Read More >>
Halperin 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. – 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>>
Commercial Realty Experts – Our Team utilizes the latest information technologies, market research, and business strategies to move real estate quickly, or satisfy your particular buying needs. Read More>>
CRS 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 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 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>>
Financial Solutions Trust (Ronald Copelan)
Legal Shield (Charlie Fowler)
LendingOne (Kris Hodgen)
