Atlanta Real Estate Investors Alliance Blog

What’s a Good First Home?

Posted on September 14, 2011 by

Dorsie BoddifordDorsie Boddiford is a smart, cheerful, inquisitive young lady who just graduated from Georgia Tech.  Instead of following most of the other 2011 graduates who think working for corporate America is the answer, she’s decided to follow in her father’s footsteps and become a real estate investor. 

Kim and I have been working with Dorsie this summer.  She’s learned a ton and just bought her second property at this month’s foreclosure auction!  Her goal is to own enough paid-for investment properties that she’ll be financially independent by the time she’s in her thirties. 

A couple of weeks ago, Dorsie found a target property in Marietta, Georgia that she considered buying as her primary residence.  It’s an older, bank-owned, single-family home that needs about $15,000 in repairs.  The asking price is around $100,000 and, after fix up, it will be worth about $115,000.  The house is around the corner from her folks. Read More→

Creative Financing Group (CFG)This month at our Creative Financing Group (CFG) meeting on Wednesday, September 14th at 6:30 PM at Champps in Alpharetta, mortgage expert Jim Duffy (frequently heard on John Adams real estate investment radio show) will teach you how to get your Lease Purchase/Options sold.

Remember what Mark Durham taught you about SELLING Lease Purchase/Options:

  • If you want to actually get your properties sold, you need to have a good mortgage person qualify you’re tenant/buyer prospects up front so you’ll know if they will be able to get approved for a mortgage in the near future.
  • If you want to actually get your properties sold, you need to have a good mortgage person work with you’re tenant/buyers throughout the lease term to make sure they actually do get approved for a mortgage.

At this month’s Creative Financing Group meeting, Jim will teach you:

  • How to screen tenant/buyers
  • How to work with tenant/buyers to make sure they get approved for a mortgage

Jim says: “Credit scores have become all-important in qualifying buyers to actually purchase a home. It can mean the difference between closing on a successful lease/purchase option, and watching the once enthusiastic tenants move out and leave a home that needs repairs and to be marketed to a new tenant.” Read More→

Russ HinerOn September 13th, 2011, we did a special “training opportunity” webcast with Russ Hiner. Russ talked about many different negotiation tactics and strategies that you can use not only to improve your business dealings, but also your personal life as well. Russ also talked about what he will be teaching at his very affordable, upcoming “Nuclear Negotiations Workshop” that you can attend in person or online via GoToWebinar.com. Click here for more information on Nuclear Negotiations Workshop or watch the webcast replay below. Read More→

What's Happening at Atlanta REIAMonday is our next Atlanta REIA Main Meeting for at the Atlanta Perimeter Hotel & Suites. Our special guest speaker will be Bob Massey who will be teaching us how to get and close more short sale deals using the assistance of Realtors along with professional short sale negotiators. We also have two Training Opportunity Webcasts this week, one on negotiating and one on Internet Marketing. The Creative Financing Group and the Havens & Wants Meeting takes place this week as well. Read More→

Russ HinerThis newly scheduled Training Opportunity Webcast with Russ Hiner on “Nuclear Negotiation Tactics” on September 13th at 7PM. This FREE webcast training is especially important for anybody who has ever felt that they’ve left money on the table when negotiating a deal. This webcast training will teach you to improve your negotiation style and skills so you can respond better during critical negotiations. You will benefit from this special webcast training whether you have years of sales experience or are a newbie. You’ll discover how easy it is to effectively persuade and create new opportunities for all parties involved. Register for the Webcast Now!

Register Now!

Here is some of of the topics Russ will cover on the webcast as time allows: Read More→

Real Estate Agents… Can’t live with them, can’t live without them, can’t get them to work with you?

Real Estate Investors Working with Real Estate AgentsEver had the problem of coming across a great short sale deal but it’s listed with an agent who refuses to work with you because your an “investor”? How about the agent who says he/she does their own short sales? Ever had an agent tell you that flipping short sales is illegal? Would you like to know what to say to those agents to get them to work with you and not against you?

Bob MasseyBob Massey, our guest speaker at this month’s Atlanta REIA Main Meeting on September 12th, is the foremost educator in the country when it comes to teaching both real estate agents and real estate investors to work together for their mutual benefit and profit and has been doing so for years. There are simple ways to overcome the issues that often separate agents and investors. You just need to know what to say, have the right paperwork and have the right process in place. Bob will address all of the common issues we must face when working with agents. Bob is one of the best educators in real estate investing. Come prepared to take lots of notes and “drink from the firehose”! Read More…

Housing BubbleMost folks agree that the real estate bubble popped in June 2006.  Can you believe that was more than five years ago?  Sadly, property values are still falling.  Well, so much for all that “Hope and Change” and “Government is the Answer” nonsense. 

 The way real estate investors do business today looks N-O-T-H-I-N-G like it did back before the real estate market collapsed.  We’ve all learned a lot of life-changing lessons during this downturn.  It’s important that we recognize and remember these lessons. Read More→

What's Happening at Atlanta REIADon’t forget, due to the Labor Day Holiday, we have scheduled our next Atlanta REIA Main Meeting for Monday, September 12 at 5:30 PM at the Atlanta Perimeter Hotel & Suites located at 111 Perimeter Center West (map). Our special guest speaker will be Bob Massey who will be teaching us how to get and close more short sale deals using the assistance of Realtors along with professional short sale negotiators. Also, the Super Smart Workshop & Webcast is Tuesday Night and we have serveral exciting subgroup meetings this week. Read More→

Atlanta REIA Main Meeting
& Vendor Trade Show
Monday, September 12, 2011 @ 5:30 PM
Atlanta Perimeter Hotel & Suites @ 111 Perimeter Center W
Members Can Bring a Guest at No Charge this Month!
Unaccompanied Guests Can Attend for Only $10
“How to Make Big Profits in Short Sales with a Real Estate Agents Help!”
with Special Guest, Bob Massey

Bob MasseyYou’ve all heard that Short Sales can be a goldmine, right? Absolutely! But, like all goldmines there can be pitfalls and obstacles along the way. Two major hurdles you must overcome when dealing with short sales is 1) the negotiation process and 2) the real estate agents involved in the sale. Would you like to know how to get over the short sale hurdles that get in most people’s way and prevent them from making huge profits?

If you said YES, please join us on September 12th and Georgia real estate expert, Bob Massey, will spend 90 minutes teaching you how to jump over the hurdles so you can get to the profits you deserve. This will change your investing career and enable you to take advantage of all the short sales that are currently flooding the Atlanta real estate market. Once you learn the secrets, you’ll have the keys to short sale success. It’s not rocket science and really does work. Read More→

Michael VazquezOn September 1st, 2011, we did a special Real Estate Business Opportunities Webcast with property acquisition expert, Michael Vasquez of Networth Realty Atlanta. Networth Realty is a full service real estate brokerage that caters exclusively to the real estate investor, both full timers and beginners alike, by providing high quality deals at wholesale prices while offering a unique one-on-one investing experience with FREE mentorship included if needed.  On the webcast, Michael talked about:

  • Finding the best, high quality deals for whatever investment strategy suits you
  • Funding sources and providing consultation for the best option for your situation
  • Fixing – prequalified contractors that do quality work and investor pricing
  • Future – free strategic planing to execute exit strategy, flat fee listings as low as $99, and property management also available

Please watch the webcast replay below if you’re interested in having Networth Realty find you your next investment property. Read More→

Home Prices Are Up, But…

Posted on September 1, 2011 by

Home Prices UpThe Standard & Poor’s/Case-Shiller home-price index shows prices increased in June from May in 19 of the 20 cities tracked. A separate figure shows prices rose 3.6% in the April-June quarter from the previous quarter. Those numbers are not adjusted for seasonal factors. Over the past 12 months, home prices have declined in all 20 cities after adjusting for seasonal factors. Chicago, Minneapolis Washington and Boston posted the biggest monthly increases. Metro areas hit hardest by the housing crisis, including Las Vegas and Phoenix, reported small seasonal increases.

Despite the uptick, the numbers contain “really no hope of any kind of surge,” David Blitzer, S&P Index Chairman David Blitzer said. “None of the fundamentals look that good,” he said.” People still have difficulty getting mortgage loans; they still have difficulty in refinancing. The banks got a lot tougher and haven’t gotten any easier no matter how you measure.” Blitzer said the housing market is taking on a regional perspective, with the Sun Belt continuing to languish and other areas of the country stabilizing. “You have to look much more into details,” he said. “You’ll some good times here and there but it’s a thin river of hope overall.” Read More→

Negotiations WorkshopHave you ever done a real estate deal only to later realize you did get what you wanted or expected? Here’s your chance to learn many of the negotiation tools, tips and techniques that professional negotiators use every day to get the best deals. With the correct negotiation skills you can easily and effectively get what you want without having to drive a hard bargain. Your bargaining and negotiation skills are critical to your daily life. They’re absolutely essential if you work, have a family or purchase goods and services.

Russ HinerOn Saturday, September 17th from 8 AM to 5 PM at 1960 Skylar Hill Dr, Suite D, in Buford, GA and online via GoToWebinar, Russ Hiner will be teaching the Nuclear Negotiations Workshop to really help you sharpen your negotiation skills. This professional training will be fast-paced, high-energy and is going to get you over the hump in your negotiation techniques. Your life depends on the knowledge that you will learn at this training and will surely improve as a result!

Register Now!

Tuition for the Nuclear Negotiations Workshop is discounted now through September 12th. As an early bird special, Gold Members are $49 each and Silver Members are $89. After September 14th, Gold Members will be $69 each and Silver Members $99. Register Now and Save!

Read More→