Atlanta Real Estate Investors Alliance Blog
with Scott Maurer of Advanta IRA
November 15th, 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 to 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, November 15th at 6PM at the Flat Creek Country Club located at 100 Flat Creek Rd, Peachtree City, GA. This will be a great opportunity for you to network with other like-minded investors and to learn about getting your foot in the door to big money with rental units. This month’s speaker will be Scott Maurer of Advanta IRA who will be discussing “How to Use Your IRA to Invest in Rental Properties”. Scott will cover:
Scott will cover:
- Why invest in real estate in an IRA
- How to transfer or rollover an IRA or old 401k plan into a self-directed accounts
- Different ways to structure your purchase in the IRA
- How you can use other people’s IRAs to fund your deals
- And much more!
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!.
- 6:00PM: Networking, Haves and Wants & Introductions
- 7:00PM: Information, Upcoming Events & Market Update (Chris & Donna)
- 7:20PM: Main Presentation with Special Guest Speaker
- 8:30PM: Closing Comments & Last Minute Networking
Come Out on Tuesday, November 15th 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!
Thurs, November 17th at 1:30PM
5 Seasons Brewing, 5600 Roswell Rd, Sandy Springs
Hosted by Joe Thompson
Haves 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 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!
This Group is All About Doing Deals!
Nov 17th, 6PM at Wrecking Bar Brewpub
Bring Your Deals, Biz Cards & Flyers
Atlanta REIA Members & Non-Members Welcome!
The Atlanta Intown Investors Club is a new Atlanta REIA Subgroup led by Maggie Groholski that meets on Thursday, November 17th at 6PM 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.
This 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.
Meetings will be held on the 3rd Thursday of each month from 6PM – 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
with Frank Iglesias
on Monday, November 21st
The Beginning Investors Group (BIG) is an educational and networking group for new investors who are just getting started in real estate investing as well as “new again” real estate investors who’ve taken a few years off and are looking to get back in the game.
Each month we bring in local and national real estate experts to teach new investors how to survive and thrive in our ever changing economy and real estate market. The entire purpose of this group is to help new investors get their first deal and help new again investors get their next deal.
New investors often have a lot of questions when it comes to evaluating a potential deal and doing their due diligence. Questions like… How do I know if a property is a good deal or a dud? Should I do my due diligence before or after I get a property under contract? How do I determine the property’s likely value before and after repairs are made? How do I determine how much repairs will cost?
If you would like to get the answers to these questions and more, you definitely don’t want to miss our next meeting with Frank Iglesias on Monday, November 21st at 6:30PM at the Hudson Grille located at 6317 Roswell Rd in Sandy Springs, GA. At this meeting, Frank is going to share with you how he evaluates and does his due diligence on all his potential deals.
Frank will cover:
- Determining Values
- Estimating Repairs
- Working with Home Inspectors
- Vetting Contractors
- Inspecting with Contractors
- Assessing comparables
- Working with municipalities
- Handling HOA’s
- And much, much more…
If you want to learn more about how to do your necessary due diligence on each and every deal you pursue, be to RSVP NOW and DO NOT MISS THIS EVENT!
This is the one event you can’t afford to miss. Seating is limited!
After the conclusion of the Atlanta REIA BIG Meeting (after 9:00PM), we will
be hanging out at the Hudson Grille for Late Nite Networking also known
as the “Meeting After the Meeting”. Stick around, have some dessert, a
drink, network and have fun with like-minded investors and real estate
professionals as we hang out late into the night!
*Please Note: Meeting agenda is subject to change.
The November 2016 Edition of The Profit Newsletter, the official newsletter of the Atlanta Real Estate Investors Alliance, is now available for download. There are 50 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.
This month is renovation month at Atlanta REIA and I for one am super excited. For the past 19 years I have managed to perform just about every type of real estate transaction there is. Everything from notes, wholesale deals, lease options to subject to deals. I’ve used every buying strategy known to man and every creative technique to sell my properties. But, no technique has made me more money than the good old fashioned “rehab” fix and flip. People often ask me how they can make lots of money in real estate. You would think that answer would be wholesaling because you don’t need a lot of money and it is quick and sometimes painless. Well the truth is, the fastest way to wealth in my opinion is to “Find ‘Em, Fix ‘Em and Flip ‘Em.”
When doing a rehab or renovation successfully it requires tools just like any job well done. If you have the proper tools in any job, the job goes much easier, faster and most efficiently. Rehabbing is no different. There are six steps to successfully performing any renovation of any size or shape.
The first step is PLANNING. Making sure you have the proper tools is essential to your success. Things that you should have with you at all times will make your job easier. These items include, Inspection forms, Camera, Flash Light, tape measure, graph paper, lock box and “”We Buy Houses” sign. These tools allow you to initiate the first step in any rehab. In my opinion you also want to invest in a design program so you can “Mock Up” what you want your rehab to look like. If you have an iPad my recommendation is an app called Tap Glace. It allows you to measure and create that vision on paper before you ever touch anything inside the house. Read More→
Emotion is a tricky thing. We all have them. We experience them every day whether positive, negative or even indifference. I remember when I started investing being taught to never ever, EVER become emotionally attached to a deal. It sounded easy enough and as head knowledge it is.
But then a funny thing happens…people and or money become involved!
Oh yes, emotion can make the smartest of investors make the most let’s just say ‘bone headed of decisions’. I will have to admit, I have fallen prey to the power of emotion on a couple of emotions. Never underestimate this factor when doing deals!
Let’s examine both of these avenues in depth so you can see how powerfully they can work against you, sometimes without even realizing it.
In terms of people… Read More→
I have been asked the same question a few times lately so I decided to answer it in this article. “Where can I get a master lease option (MLO) contract from?” The answer is easy- Google. You can search for MLO docs online. There were dozens of versions from just as many sites. I highly suggest that you have an attorney review any docs you get off line before using them. When I am asked this question I usually respond by telling the person that they aren’t really asking the right question. The real question is not “where do I find a MLO contract?” but “How do I use it?” You can print up the best master lease option document you can find but if you can’t get a seller to sign it…who cares?
Getting a seller on board with any kind of creative financing can be a challenge. You will find it a lot more difficult without the right presentation. Pitching your idea to the seller or realtor is the key to getting the deal done. Here are a few tips to make your next MLO offer a hit! Read More→
The State of Florida and many other states were affected by Hurricane Matthew, leaving many Sellers with problem houses. I am located in Oviedo, Florida, and being a transplant from Michigan, I have never been in a Florida Hurricane. All of my houses were blessed with minor damage such as big trees down in the back yard, shingles flying off the roof, branches and trash everywhere. I am very grateful to God for these blessings. Other Sellers were not so fortunate and my heart goes out to them. They now have to deal with making a huge decision of fixing the house or selling the house. Some Sellers may not even have insurance on their house. However, if they do have insurance, let me explain the process.
An insurance claim can be long and dragged out with many Sellers becoming very frustrated with the insurance company’s findings. These are Sellers that may need your help with you buying their house. First, let me explain the process on Insurance Claims. Sellers will notify the insurance company of damage to the property along with providing them a list of items damaged. If the Insurance Company and the Sellers can come to an agreement, then a check is sent to them in their name and the names of all mortgage companies that may have a lien on the property. Pursuant to the terms of the mortgage that was signed by the Sellers, all insurance proceeds are to be used to re-build the property to make sure that the mortgage companies have an asset that is worth the amount of their loan. When there are large claims of loss to the insurance company, they normally dispute the amount of the claim and the Seller will have to hire an independent insurance adjuster to assist them in disputing the claim. Read More→
Hey, guess what? I Want You to FAIL!
“Say what now? Fail? But failure is a bad thing, right? That’s what they taught me in school…AND in my job! And all my friends make fun of each other when we fail.”
Yes. Exactly. So what?
I’d like you to think back to when you were a kid. Everything was new to you in the world. You really had to learn things for yourself… How to eat, drink, think, walk, talk, and interact with stuff, right? If you can’t remember any of that, just watch kids.
Have you ever watched a kid learn how to walk? They fall down a lot, don’t they? But here’s the truly interesting thing: They don’t stay down. They don’t listen to their well-meaning friends who laugh at them, and they don’t care what grade they get.
No, they stand up, wobble around a bit, and fall down. Then they stand up again, wobble some more, then put one foot out and take a step! Read More→
One of the most important aspects to a marketing campaign that is going to work is to create a solid mail piece for your business. These are key points for creating a solid direct mail piece that folks will respond to no matter what business you are in.
The first thing you’ll want to do is to “touch” your prospective customer or seller with “the dream”, or “the solution” to their problem. You’ll want to touch the basic emotions and the needs of your client or seller within the body of your letter, whether that is fear, relief, greed, pride or vanity.
Keep it simple. The grammar doesn’t necessarily have to be perfect. You want to reach this person at their comfort level. Keep your letter relaxed, personal and conversational.
Use simple language; don’t fill your letter with big words or technical words or “industry jargon” that your seller or your customer might not understand. Read More→
The last month or so I have been looking more and more into investing in apartments. However, I did not attend local MeetUps or other groups dedicated to apartment investing until this week. I self-educated as much as possible through books, podcasts, YouTube video and articles. I did this to prepare for the meetings and it paid off.
The reason I learned as much as possible before attending these apartment investing meetings was so I can understand what was being discussed. I have led single family investment groups in the past and caught myself speaking over many of the attendees. It was not done intentionally but because I had been doing it for so long I was doing it unconsciously. I have also seen other instructors and speakers do the same thing. Read More→