Archive for December, 2016

Mon, Jan 9th at 5PM at Crowne Plaza Ravinia in Dunwoody
Atlanta REIA Main Meeting
& Vendor Trade Show
NEW MEETING DATE & LOCATION THIS MONTH
Jan 9th @ Crowne Plaza Ravinia Dunwoody
Learn How to Fund All
Your Rehab Deals

with a Panel of Lending Experts
Will You Use Your Money, Hard Money, Soft Money, Private Money or a Bank Loan?

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

Have you ever wanted to buy, sell or hold investment properties buy didn’t know where to get the money to fund your deals? Maybe you want to find, fix and flip properties needing major repairs… Or maybe you don’t want to flip houses, but want to buy and hold them long term as rentals. Regardless of your investment strategy, you need to raise money to fund your deals. If you don’t have cash and/or credit, what are your options?

If you want to learn how to get your deals funded in 2017, don’t miss the Atlanta REIA Main Meeting on Monday, January 9th at 5PM at the Crowne Plaza Ravinia located at 4355 Ashford Dunwoody Rd, Atlanta, GA where a panel of real estate funding experts will talk to you about how to use bank loans, hard money, soft money and private money to fund your deals.

The Panel will consist of Michael Braswell from Visio Lending, Lynn Overall from Secured Investment Lending, Matt Lineberger from Lima One Capital, Rick Girgis from Equitable Consulting and Don DeRosa, a Private Lender & Private Money Borrower. These gentlemen will teach you everything you need to know about funding and answer all your questions during the meeting. The panel will discuss…

  • Lending Requirements
  • Down Payment Needed
  • Points & Interest Rates
  • Lending Terms
  • Refinancing
  • Credit Score
  • Collateral
  • Answers to your questions and more!

Come join us to learn how to get your deals funded at the Atlanta REIA main meeting on Monday, January 9th at 5PM at the Crowne Plaza Ravinia located at 4355 Ashford Dunwoody Rd, Atlanta, 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!

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: Panel Discussion with Funding Experts
9:30 pm: Late Nite Networking at Taco Mac Perimeter

*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
Jan 9th 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 9th 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!

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

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.

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 @ Taco Mac Perimeter Roswell
Late Nite Networking After Meeting at
Taco Mac Perimeter

Taco Mac PerimeterAfter the conclusion of the Atlanta REIA Main Meeting, we will be reconvening at 9:30 PM at Taco Mac Perimeter located at the Perimeter Place, 1211 Ashford Crossing, Atlanta, GA 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. When you get there, be sure to look for Joe Thompson who will be leading our Late Nite Networking.

Participating Meeting Vendors & Sponsors
Atlanta REIA Diamond Sponsor

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

Meeting Sponsors & Panelists

Secured Investment Lending CorporationSecured 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>>

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>>

Visio LendingVisio LendingSimply put, we thrive on real estate. Dedicated to serving the landlord investor space, we crafted our loan products with three words in mind: fast, simple and dependable. Our suite of 30-year fully amortizing loans starts as low as 5.99%. Read More>>

Equitable ConsultingEquitable 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 >>

Trade Show Vendors
Reserve a Vendor Table Here

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>>

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>>

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>>

Auction.comAuction.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>>

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

Legal Shield

Coldwell Banker Residential Brokerage

Lluminare Windows & Doors

See Atlanta REIA Events Calendar for More Events!
Mon, December 19th at 6:30 PM @ Hudson Grille, Sandy Springs
Atlanta REIA Annual
BIG Christmas Party!

Mon, December 19th 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 and yours a very Merry Christmas and Happy Holidays!

On Monday, December 19th at 6:30PM, we’re having our annual 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 Sponsors

Christmas Party Sponsors

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>>

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>>

Visio LendingVisio LendingSimply put, we thrive on real estate. Dedicated to serving the landlord investor space, we crafted our loan products with three words in mind: fast, simple and dependable. Our suite of 30-year fully amortizing loans starts as low as 5.99%. Read More>>

Christmas Party Sponsors Wanted

As always, we are looking for Atlanta REIA Business Members and other businesses who are non-members to sponsor our Annual Christmas Party. To sign up for sponsorship, please visit SponsorChristmas.AtlantaREIA.com. Thanks in advance for signing up to sponsor the party! And remember to bring some door prizes and giveaways. Merry Christmas!

See Atlanta REIA Events Calendar for More Events!
Thur, December 15th @ 1:30 PM in Sandy Springs, GA
Haves & Wants Meeting
Thurs, December 15th at 1:30PM
5 Seasons Brewing, 5600 Roswell Rd, Sandy Springs
Hosted by Joe Thompson

Joe ThompsonHaves and Wants is a weekly investor networking and deal making lunch meeting hosted by Joe Thompson and held every Thursday at 5 Seasons Brewing at the Prado from 1:30 PM till approximately 3:00 PM. This group has been meeting for over 6 years and is all about networking, sharing information, doing deals and making money right now. Be sure to bring lots of your business cards and flyers and be prepared to promote your business and/or your haves, wants and deals with our group. If you are a real estate player or want to be, this is one weekly meeting you don’t want to miss!

5 Seasons Brewing5 Seasons Brewing is located at 5600 Roswell Rd (map) inside the Perimeter at the “Prado” in Sandy Springs. The all natural, organic food at the 5 Seasons is excellent and the hand-crafted beer is even better! Come out and eat, drink, network and share your deals with us! There is no charge to attend this meeting for Atlanta REIA Members or guests. Please come early and stay late. We would love to have 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!
Thu, December 15th @ 6PM – Atlanta, GA
Atlanta Intown Investors Club
Buy, Sell, Trade, Network, Q&A
This Group is All About Doing Deals!
Dec 15th, 6PM at Madre & Mason
Bring Your Deals, Biz Cards & Flyers
Atlanta REIA Members & Non-Members Welcome!

Atlanta Intown Investors ClubThe Atlanta Intown Investors Club is an Atlanta REIA Subgroup led by Maggie Groholski that meets on Thursday, December 15th at 6PM at the Madre & Mason (This Month Only) located at 560 Dutch Valley Rd NE, 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.

Madre & MasonThis meeting 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.

Atlanta REIA Members & Guests Please RSVP on Meetup.com

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

See Atlanta REIA Events Calendar for More Events!
Tue, December 20th @ Noon in Atlanta, GA
The Onsite Renovation Group
Hands-On Learning “Onsite” at Real Renovation Projects
Tuesday, December 20th at NOON
MEETING ADDRESS HAS CHANGED TO:
901 Bouldercrest Dr SE, Atlanta, GA

Frank IglesiasPlease join us on Tuesday, December 20th at NOON for the Atlanta REIA Onsite Renovation Group (ORG) to learn all about finding, funding, fixing, and flipping houses for big profits.

This month’s meeting will be held at one of Frank Iglesias’s renovation projects located at 901 Bouldercrest Dr SE, Atlanta, GA. Come join us onsite and learn how Frank will turn this old run down house into a profitable deal!

Onsite Renovation GroupThe Atlanta REIA Onsite Renovation Group (ORG) 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 the 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 & Non-Members can RSVP Online for Only $15 or pay $20 at the door.

RSVP Now!

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

See Atlanta REIA Events Calendar for More Events!
Download The Profit Newsletter for December 2016 (PDF)
The December 2016 Edition of
The Profit is Available for Download!

The Profit Newsletter - December 2016The December 2016 Edition of The Profit Newsletter, the official newsletter of the Atlanta Real Estate Investors Alliance, is now available for download. There are 48 pages this month full of upcoming meetings, workshops, webcasts, educational articles and other valuable information 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

Duncan WiermanThe internet is full of hidden bargains!  As many as 24% of the real estate market is composed of self-sellers, and you have a 10-23%  chance of finding a property well below market value depending on the seller’s intentions.

Kinds of Properties

There are so many different types of property, its almost like a smorgasbord. It can be a fixer-upper,  foreclosure or just motivated sellers. With a few online strategies and tools, you can tap into the hidden bargains available online. Investors who use the internet wisely can find 100s of real estate deals monthly.

Use the Internet

Why shy away from internet marketing, when there is massive potential and you can get more deals faster than your competitors. Many experienced real estate investors have turned to the internet to find as many real estate deals they can without leaving the office.  Read More→

Use What You Know to Grow

Posted on December 5, 2016 by

In the last article, I briefly discussed the beginning of my venture into apartment investing. I encouraged people to do some self-learning before going to networking events so you have a better idea about what is going on. While attending plenty of networking events and having a handful of meetings, I realized that you may have something the person you are looking to for advice wants to learn from you. This works out great because in all my articles I discuss the importance of win-win scenarios.

Let me explain what has happened in my pursuit in learning how to invest in multi-family. First, most multi-family clubs or gurus want you to spend $5,000-$25,000 for them to teach you how to invest in multi-family. The lower end is reasonable but you don’t get much and the higher end is crazy. I’d rather take that money and be a limited partner in an actual deal. Keep in mind I am referring to multifamily with a purchase price of at least 1MM and/or 50+ units. I have participated in much smaller multifamily properties. Luckily, I found some great people that I hope will be able to teach me what I need to learn to be successful. They told me it was not worth investing that much when they were willing to do it in exchange for my time and expertise.  Read More→

Dealing with Untruthful Sellers

Posted on December 5, 2016 by

When purchasing a property, the Sellers of the property should fill out a Seller Disclosure which tells you about the condition of the property, any repairs made since the date of purchase and any problems that they are aware of on the home.  As an Investor, there are many times I will purchase the home without receiving a Seller Disclosure, and without a home inspection other than my own personal inspection.  However, I highly recommend that Investors obtain a Seller Disclosure and have a formal home inspection even though you are replacing a lot of things inside and outside of the home. 

Recently, a Partner and I were working on purchasing a property from a 4-member limited liability company who had purchased the property at a Tax Sale.  Their Attorney informed us that the members would like to just sell the property and had purchased the property as a Tax Deed.  They started the rehab on the property with the assistance of the Attorney but had not completed it.  Our only contact was with the Attorney, who was a silent partner, and informed us of the following:  That they wanted $48,000 for the property, that they have all new windows for the property that they would give us included in the purchase price, that there was an open roof permit on the property that just needed the facia to be painted to close out the permit and that all the material in the property was also included with the purchase of the property.  We submitted the offer to the Attorney on October 31, 2016 and we still had not heard from him about our offer.  We had called a couple of times reminding the Attorney that our offer was only valid for 2 days and now it was 7 days and still waiting on a response.  Read More→

The Words We Use

Posted on December 5, 2016 by

STOP what you’re doing and read this. I promise that it’s worth it.

You have more power in you than you know. Right now, you have the ability to change someone’s life, starting with your own. And starting now – in this moment – you’re about to learn some secrets that can produce powerful results for you.

The “Big Secret” is this: The words you choose to use every day are vitally important. To you and everyone around you.

Words have power. They have the power to uplift. They have the ability to motivate, to inspire, to elicit emotion. Words can make someone laugh, cry, or smile.

For example: A horse walks into a bar. The bartender says, “Why the long face?” LOL  Read More→

“You can design and create, and build the most wonderful place in the world. But it takes people to make the dream a reality.” ~ Walt Disney

When I first started, I felt like I had no business designing spaces. I’m good at the big picture but putting textures and colors together that will sell the house I was not so confident. I’ve been using Pinterest and Houzz to piece together ‘dream boards’ that you would put together using ripped out magazine pages and taping them together to compose some sort of theme or color scheme.

Pinterest is known as a predominantly female geared platform. People use it to plan events, like weddings, or recipes for special occasions or holidays. It is a great tool to use to plan your decorating scheme for an interior and the exterior. You can easily gather ideas for landscaping, curb appeal, how to style your front door and entry way, from kitchen materials to flooring and bathroom tile. What I like best is that other ‘pinners’ have done most of the work for you already. Most pins that you research are already part of a larger board, and if you visit that board you can see what else that user put together already. It has been easy to use, either hit pin, send or like on the image. Once you click an image it usually leads to the website that sells the item or a blog post about how to do the project. Sometimes it’s just a source image from google, so it is still a good starting point to show a contractor to get the gist of the idea.  Read More→

One of the things I have seen a lot lately is wholesale deals banking on appreciation.  And as a Buyer myself, I can tell you I love appreciation!  Appreciation can cover a multitude of sins.

The problem is they are still sins and as a wholesaler, it is best to be aware of them if you want to move your deals!  When running comps for your Buyer, the safest route is the tried and true MLS.  Not Zillow or Trulia or some of these other online sites that can give snippits of value to the market but the good ol’ MLS.

One key piece to help avoid the appreciation challenge is to simply ensure your comps are current as of today.  Not what you think it will be in three months or six months no matter how hot it is.  Only today.  Why?  It keeps your Buyers safe.  This is very important.  It also keeps your numbers strong for your offers and negotiation so you can make sure you get a deal that makes sense.  Nothing is worse than sitting on a deal you need to move quickly only to find it never had a chance because others did not see the value you saw.  Read More→

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