What’s Happening at Atlanta REIA – Week of May 17, 2012Posted on May 14, 2012 by
We have another great week of meetings for our Atlanta REIA Members and Guests. Tuesday is the Gwinnett Investors Group, AKA “The Fish Club” hosted by Aaron McGinnis. Wednesday is the Atlanta REIA North meeting with special guest, Donn Myers, who will be discussing how real estate investors can accurately determine the market value of houses before they buy. Thursday is the Haves & Wants Meeting with Joe Thompson. See Atlanta REIA’s Event Calendar for more dates.
Hosted by Aaron McGinnis
The Gwinnett Investors Group (aka “The Fish Club”), led by Aaron McGinnis, meets on the 3rd Tuesday of every month at the Red Lobster Seafood Restaurant located at 2055 Pleasant Hill Road in Duluth just off I-85. This group is an educational and networking group that brings in local, active investors and service providers to provide information and education in a low or no-sales environment. This group is open to everyone for $2 per person. Please be prepared to patron the restaurant, enjoy the networking, and the outstanding information!
with Real Estate Appraiser, Donn Myers
On How to Accurately Determine Property Values
One of the biggest challenges facing both new and seasoned investors in today’s ever changing real estate market is to be able to accurately determining a property’s current market value. This is especially true with all the short sales, foreclosures, REOs and shadow inventory out there affecting property values. In the current market it is critical to be able to look at pricing objectively and avoid overpaying for a property. So how can you accurately determine a property’s value you that you want to purchase and/or resell?
You can start by joining us at this month’s Atlanta REIA North Meeting on Wednesday, May 16th at 6:30 PM at 1960 Skylar Hill Dr, Suite D, Buford, GA with special guest and seasoned appraiser, Donn Myers, who will share his insights and experience with you. Donn evaluates properties for banks, mortgage lenders, asset managers, investors as well as doing appraisals and review appraisals for federal institutions. Donn has years of experience as a residential and commercial appraiser as well as an investor and is a longtime REIA member. Join us at the meeting where Donn will be discussing:
- How is the current economy affecting the appraisal process?
- How do you tell when a neighborhood has “bottomed out”
- Are appraisers using REO’s and Foreclosures as comps?
- Can the appraiser use FSBO’s as comps?
- How current must the comps be?
- Must the sale comps be in the same neighborhood as the subject property?
- What outside pressures are influencing the appraiser?
- How reliable are the free valuation web sites?
- How can investors accurately determine the Current Market Value(CMV) of a property?
- How can investors best determine the After Repaired Value(ARV) of a property?
- What are the institutional investors currently buying?
- What yardsticks are the institutional investors using to determine their purchase prices?
- Answers to your burning questions and much more!
Immediately after the Atlanta REIA North Monthly Meeting at approximately 9 PM, we will reconvene at the Mall of Georgia Tilted Kilt located at 3480 Financial Center Pkwy in Buford, GA for the meeting-after-the-meeting, AKA Late Nite Networking. We hope you will come out and eat, drink, network, learn and have fun with us and keep the investing conversations going late into the evening!
Hosted by Joe Thompson
Haves and Wants is a weekly investor’s networking, brainstorming and deal making jam session 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 5 years and is all about networking, sharing information, doing deals and making money right now. If you are a real estate player or want to be, this is one 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 do some deals with us! There is no charge to attend this meeting for Atlanta REIA Members or guests. Feel free to come early and stay late.