Atlanta Real Estate Investors Alliance Blog

How To Do More With Less

Posted on August 7, 2017 by

If you’ve been reading my articles then you know that I like to write about philosophy and self-help topics more than the topic of investing and there is a reason for this. Even though I love to talk deals, in my experience I have found no matter what you are investing in, the act of investing is just another piece of the puzzle in the grand scheme.

We spend our days investing in lots of things. Many times, we spend so much time focusing on what we should be doing, how we should be acting and who we should be associating with that we get wrapped up in almost a mindless pattern fixated on material acquisitions.

Again, I go back to the idea that there is no sanctuary that you will arrive at. You won’t wake up and just be a different person that has a bunch of money and lives all the desires that you want. Even if you became a millionaire overnight in stocks, you still had to work for that change.  Read More→

Make Sure You Always Keep ALL Avenues of Communications Open If You Want to Keep Your Name Good In the Real Estate Business.

What an interesting thing to say.  Making sure you always stay in communication with everyone you have any type of financial obligations with. This is a subject that has caused much unneeded anxiety and stress that is totally not necessary if both people involved in every financial situation continually have open communications regardless of the status of the transaction they are involved in.

Over the years having been both a private Lender and a Landlord it has been my experience when life and unforeseen situations arise and the tenant or the borrower find themselves with a shortage of money to pay the obligations they originally agreed to pay, communications often stop. Somehow the tenant or borrower finds the money to pay for personal items such as their cell phone bill, their cable television bill, their car payment and eating out periodically or going out on the town.  Read More→

Mayor Kasim Reed Blowing Smoke

Posted on August 7, 2017 by

Mayor Kasim Reed is a short-sighted politician.  Thank goodness for term limits.

Mayor Kasim Reed says he is concerned about affordable housing. In a recent AJC article, Mayor Reed used terms like “predatory purchasing”. I believe this slanderous name calling only causes separation and stirs up animosity between the sellers and investor buyers. I am upset about this article where Mayor Reed said that investors are using predatory purchases to acquire houses and force the property values to go up, so there is no longer affordable housing in Atlanta.

If the city of Atlanta is going to point fingers they need to look at the predatory purchase of the surrounding land, which now houses the Falcons Stadium. My understanding is the city of Atlanta did threaten eminent domain in order to get that stadium in place. I did like the powers to be forcing that move though. Even if it will displace 30 properties of affordable housing. I think the Atlanta Mayor must have been referring to the investors that buy single family houses as predatory purchasers, not the commercial buyers. But that is another article.  Read More→

You work hard to make sure your QuickBooks data is accurate. Make sure it’s safe, too.

Your QuickBooks company file contains some of the most sensitive information on your computer. You may have customers’ credit card numbers and employees’ Social Security numbers. An intruder who captured all that data could create tremendous problems for you and a lot of other people.

That’s probably the worst-case scenario. But other situations could also spell disaster for your business, which  involve losing your company data through fraud, hacking, or simple technical failures.

We can’t overstate the vital importance of protecting your QuickBooks company file, especially your customer and payroll information. Whether someone steals it or it’s inaccessible for another reason, it’s gone. Keeping your business going after such a loss would be very difficult – maybe even impossible.

Here’s what we suggest to prevent that.  Read More→

How do seasoned real estate investors creatively fund their deals without going to a bank?  To show you one way, let’s look at a deal that Kim and I recently got funded using a private-money lender.

This deal began when Kim and I were high bidders at the December 3, 2013 property tax auction in Cartersville, Georgia.  We bought the tax deed on 50 Akin Drive for $2,800.  The purchase money came from our checking account and was used to pay up the property’s back taxes for tax years 2010, 2011, 2012 and 2013.  By the way, despite what the TV infomercial claims about buying tax deeds, as the high bidders, we only owned the tax deed, not the property

Over the next twelve months, either the property owners (who had abandoned the property) or their mortgage company had the right to buy back the property’s tax deed for our $2,800 purchase price, plus pay us a fee of 20% interest. Read More→

Land Trusts are one of the most confusing and often misunderstood aspects of real estate investing.

In this article, we’re going to discuss a few basic, essential things you should know about Land Trusts if you’re buying & selling houses, are concerned with privacy, and/or want to enhance your estate planning.

I’m often asked about these wonderful ‘things’ called Land Trusts, and the techniques & benefits that are associated with them.  As a land trust expert, it’s an AMAZING feeling to have the knowledge & confidence to be able to use them correctly. Would you like to have that awesome feeling? Great! Keep reading…

There are SO many benefits you get by taking title to property in a Land Trust. Let’s look at a few of the benefits associated with these entities and WHY it’s vitally important for you to be familiar with them, shall we?  Read More→

You have seen the infomercial… it goes like this…

  • Start with wholesaling
  • Make some money
  • Start Rehabbing
  • Make Bigger Checks
  • Retire

There are a few variations on this theme, so allow me to share a different spin that I and a few colleagues of mine have explored.  It looks more like this…

  • Start with wholesaling
  • Make some money
  • Start Rehabbing
  • Make Bigger Checks… sometimes but not always
  • Quit working so hard and go back to doing some wholesaling.

So this is not exactly what we are doing since we are also doing new construction but remove the new builds from the equation and it is pretty close.  So what’s the deal?  Read More→

Consistency

Posted on August 7, 2017 by

Today after leaving a meeting I was approached by an investor that asked where I found my leads. I answered by giving him a few examples of where I received my most recent listings. By seeing the look on his face, I could tell that he didn’t like my response. I think he believed I was holding out and not wanting to share or there was something special I was doing which was/is not the case.

Like this gentleman and probably like many of you, I once too believed there was a magic bullet/formula to successfully finding a lead in real estate or anything. After speaking with many “experts” I found out that there is no such thing as a magic bullet. In fact, the only thing that really separated a bad or good investor from a great one was/is consistency. The better question is, what should I do on a consistent basis to make me successful in real estate investing or anything else? Once you know what to do consistently, and you actually do it, you will be successful.  Read More→

Atlanta continues to be one of the hottest real estate markets to rebound since the recession continuing through First Quarter 2017.  But, before we analyze the numbers, sellers must realize the following:

  1. Price and condition account for 80% of buyer interest and acceptance for any property therefore what needs to be done should be done to present your house in the best possible way.
  2. Nobody can dictate at what price your house will sell. The market will determine the price that buyers are willing to pay. When you price your house too low, the market will raise the price due to multiple offers over the price.
  3. Rather than using emotion, guesswork or assertions to arrive at your listing price, a good agent helps the Seller understand the real Atlanta market data, showing what actually happened to other sellers in the current market, as it reveals the most likely outcomes of pricing strategies for you. Using overall metro market statistics provides good agents with a large enough data set of real outcomes to feel comfortable that they will be likely to happen in future transactions, allowing us to take advantage of this knowledge to price your property to achieve your goals.

Read More→

 “Preconceived notions are the locks on the door to wisdom.” ~ Mary Browne

There is none other than August that are doing Bluetooth locks to the caliber of quality like we’ve never experienced before. August Lock System is something that is worth it. It works best with a Schlage deadbolt or other high-end deadbolt lock. It faces the interior door, so it doesn’t add a level of security that is significant. It is a convenience for the homeowner if perhaps they aren’t home and someone needs to attend to plants and pets.

The startup takes two steps to connect to a smartphone with the app pre-installed. The app does require a phone number and email. The subscription based security monitoring is worth it since the free subscription for the app is only as good as the deadbolt it is on.  Read More→

Making Any Market Work For You

Posted on August 7, 2017 by

When we are always confident that real estate comps are solid, we feel comfortable stepping out into any real estate deal. Using REIA Comps will give you a feeling of confidence and complete sense of control of the value for any deal you are doing.  Because things can be so busy these days, it is important to take the steps to make money on any project you pursue.  Learning to work with the highs and lows of any real estate market means longevity for you.

Most realtors do a good job but in a sellers’ market you can probably sell the property yourself.  Remember, nothing beats a failure but a try. If it doesn’t sell then you can always call the pros in later. The internet has been a blessing to the average person.  There are multitudes of websites which could be used to market a property. Thousands of people visit those sites looking for a new home.  Even inexpensive ads on the internet are beneficial when trying to get a property in the sold column.   Read More→

Mon, August 7th at 5PM at Crowne Plaza Ravinia in Dunwoody
Atlanta REIA Main Meeting
& Vendor Trade Show
August 7th @ Crowne Plaza Ravinia Dunwoody
$30,000 Flips
in Your Own Back Yard
With Special Guest, Reggie Brooks

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

Reggie BrooksCome join us at Atlanta REIA on Monday, August 7th at 5PM at the Crowne Plaza Ravinia located at 4355 Ashford Dunwoody Rd, Atlanta, GA where Reggie Brooks is going to teach you the steps he took to go from making $3,000 per month at the telephone company, to over $42,000 per month in his real estate business. He did it by doing exactly what he’s going to be teaching, with Vacant, Distressed, Abandoned Properties!

Whether it’s quick cash that you need right now, or long term wealth that you’re looking to build, it can be done fairly quickly. Vacant Property specialist Reggie Brooks is the expert to teach you how to do it.

Here is some of what you will learn from Reggie:

  • How to make big profits using a unique niche in the marketplace – Vacant/Distressed Properties
  • How to invest with no cash or cred
  • Insider secrets that the professional investors use to turn $15,000 profits into $50,000 profits and more
  • Hot new tips and insights that the professionals use to find profitable deals – especially in today’s market
  • Hidden cash producing secrets that even so called smart investors don’t even know
  • How to uncover hidden value in properties that most seasoned investors overlook
  • How to profit from properties that most investors consider worthless
  • How to write your contracts to maximize your profits
  • How to use creative funding for your deals
  • And answers to your questions and much more!

Reggie is a dynamic speaker/educator. Come prepared to take lots of notes. You don’t want to miss out on golden nuggets like very creative ways to find motivated owners of vacant properties, or the various case studies of people who have used Reggie’s system to make big profits buying and selling these unwanted properties. RSVP NOW!

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

RSVP Now!

Then Reggie will be returning on Saturday, August 12th for his Vacant/Distressed Property Opportunities Workshop and show you how to buy properties for pennies on the dollar! Do not miss this great learning opportunity!

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! 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: Feature Presentation with Reggie Brooks
9:30 pm: Late Nite Networking at Taco Mac Perimeter

5 Days & 4 Nights in CancunWIN A VIP EXPERIENCE JUST FOR YOU: All participants who attend the Atlanta REIA Meeting will entered into a drawing for a chance to win a *Complimentary 6 Day, 5 Night Stay for You and a Guest at One of 6 Incredible Mexico Destinations! *You must be present at the meeting to win. Giveaway does not include dining, transportation, transfers, taxes, upgrades, etc.

*Please Note: Meeting agenda is subject to change.

5:00 PM in Main Meeting Room
The High Tech Home Buyers Creative Deal Makers Subgroup
August 7th 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 cred? 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, August 7th from 5PM to 6PM at the Atlanta REIA Main Meeting at Crown Plaza Ravinia 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 Vendor Room
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 @ Taco Mac Perimeter
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.

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>>

Trade Show Vendors
Reserve a Vendor Table Here

Goldmine Properties, Inc.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>>

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>>

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>>

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>>

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

Braswell Capital Solutions

See Atlanta REIA Events Calendar for More Events!