Archive for August, 2011

Pete YoungsOn August 18th, 2011, we did a special “training opportunity” webcast with “Mr. Rehab” Pete Youngs.  Pete talked about how he got started in the business and how is business has evolved over the past 30 years, especially over the past few years in our weak economy and trouble real estate market. Pete talked about how he buys houses at 50 cents on the dollar or less, how he makes offers to banks on foreclosed properties, how he uses mold and lead-based paint tests to justify his offers and more. Pete also talked about his upcoming 3 Day Boot Camp on August 20th – 22nd with his brother Tony Youngs and what they will be teaching during the event. Click here for more information on Pete & Tony Youngs 3 Day Boot Camp on August 20-22, 2011 or watch the webcast replay below. Read More→

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Real Estate AuctionAt this month’s foreclosure auction, Kim and I were prepared to bid on four properties.  After losing the bid on the Peppermill Drive property to another investor, a new investor asked how we determined our T.O.P. (Top Offer Price) bid.  It was a very good question – one that we’re asked regularly.

Before we bid on a property, I’m adamant that we first do the following:

1) We see the house – both inside and out.  Our goal is to do a thorough inspection of the property to determine an accurate rehab cost. Read More→

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Atlanta a Cold Market?Obviously, numbers and statistics and the correct understanding and application is crucial to any business model. But something which does not get that much attention is the incredible importance of where you draw your statistics from, do they come from reliable sources are they relevant to what you are engaged in or are they erroneous or misleading and of no value whatsoever. As someone who understands that correctly obtained and used information will not lie to me, I am sometimes astounded by what people take as accurate and truthful. Attached below are numbers generated by the NAR. You would of course believe that these are very good and valid numbers, but if you take a close luck you’ll find that’s not actually the case will get into that further in the moment. Let’s take a look at the two primary statistical methods for determining values first used by the NAR media and and second average. Read More→

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Deborah HarrisMore and more we are hearing positive predictions for the housing market for the second half of 2011, as well as certainly for 2012 and beyond. We are not necessarily hearing these predictions on the news, but from people out there actively working in the real estate industry. Is it true? Is the Atlanta real estate market heating up again? Have housing prices bottomed out? Is it really cheaper to own that to rent? Are we at the all time best in the affordability index? Are we in a seller’s market, buyer’s market or both?

Come find out for yourself by joining Debora Harris on this month’s Atlanta REIA What’s Hot in Real Estate Investing Webcast that we recorded live on Tuesday, July 16th at 7PM on GoToWebinar and learn WHAT is really happening in the Atlanta Market and WHERE it’s happening. Deborah gave us a brief taste of this at our August Main Meeting and gave us much more detail on this webcast. Things really do seem to be heating up again if you know where to buy and sell. Watch the webcast replay below now to learn more! Read More→

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Pete YoungsThis Thursday, August 18th at 7PM ET, we are doing a special “training opportunity” webcast with “Mr. Rehab” Pete Youngs on GoToWebinar. Pete is going to talk to us about his upcoming 3 Day Boot Camp on August 20th – 22nd with his brother Tony Youngs and is also going to share his professional insights with us on a wide variety of renovation topics. Register now and we will send you a email reminder before the webcast.

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Here are a few of the topics that Pete will cover on this webcast: Read More→

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Pete and Tony Youngs are holding a 3 day Boot Camp in Marietta, GA on August 20th through the 22nd.

Tony YoungsTony Youngs will teach all the latest and greatest secrets to the Hidden Market. His foreclosure knowledge is invaluable in this market. Dont get what everybody gets, get the best deal!

Pete YoungsPete Youngs will teach you how to make the offers even better with information on “toxic terror” and more! Learn the newest in rehab techniques. Pete will also be doing a special session on the new lead based paint laws and how they can impact your deal.

No one can deliver a boot camp like these two Brothers. They flat out DELIVER! Pete and Tony look forward to seeing each one of you in your seat, asking questions!

You can attend for $99 bring a friend for an addtional $50. That’s only $149 for 2 people for 3 jam packed days! So Reserve Your Seat NOW!

Pete & Tony Youngs
3 Day Boot Camp

August 20th – 22nd at Quality Inn & Suites
1255 Franklin Road Southeast, Marietta, GA 30067
Register Now!
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What's Happening at Atlanta REIAWe have another great week of networking at educational opportunities at Atlanta REIA for the week of August 15th! Monday is Movers & Shakers with Michael Keefe on Tax Deed Investing. Tuesday we have a webcast with Debra Harris on the state of the real estate market in Atlanta. Wednesday is our Atlanta REIA North Meeting on generating all the buyer and seller leads you can handle. Thursday is the Haves & Wants deal making meeting followed later that night by a webast with Mr. Rehab, Pete Youngs. And last but not least, Saturday through Monday is Pete & Tony Youngs 3 Day Boot Camp! Read More→

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Deborah HarrisMore and more I am hearing positive predictions for the housing market for the second half of 2011, as well as certainly for 2012 and beyond. I had the pleasure of hearing local economist Roger Tutterow recently, and he echoed some of the positive positions I have read and heard elsewhere. He noted that economic expansion truly resumed in the 4th quarter of 2010, and noted that consumer confidence always lags economic upturns. He noted that the risk of a double dip recession was a low 15%, and that with inflation coming back into the picture rates will be increasing by late this year or certainly next year. Of particular interest to us, he noted that homes in Atlanta are now fairly valued, the bottom has already occurred, and we will see a return to normal in 2013 or 2014. This matches the Case-Shiller forecasts for a return to a sellers market in that timeframe, and a likely housing shortage by 2015. Read More→

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Michael Keefe

Posted on August 10, 2011 by

Michael KeefeMichael Keefe is a specialist in buying tax deeds in Georgia. With 14 years experience in delinquent tax investing real estate business, he has been involved in over 900 tax deed purchases totaling over $26 million. As an active real estate investor, Michael has also purchased REO’s, wholesaled properties, rented, lease purchased, etc. Michael currently manages over 250 properties.

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Internal Revenue Code (IRC) 12Recently, I spoke to a group of real estate investors and was asked this question: “What is the best way to make money in real estate?”  Easy answer: Internal Revenue Code (IRC) 121.

Since most of us aren’t CPAs, let’s look at this incredible way to structure a deal and get tax-free money.  Here are the basics of Section 121: If you are married, have lived in your house for two of the past five years, and then sell your house, you get to keep up to $500,000 ($250,000 if you are single) of the profit from the sale – TAX FREE!  Better still, the IRS says you can do this every two years! Read More→

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URGENT NOTICE FROM RUSS HINER: PROPERTY MANAGEMENT WORKSHOP HAS BEEN POSTPONED

I want to thank all of you who signed up for the Property Management Workshop, but inform you that we are postponing the event until October. One of the most common questions we received about the workshop was whether the training is going to be basic or advanced and therefore Chris and I are tweaking agenda to better suit your needs. We’re going to split the content into two trainings. One will cover the property management basics and the other will be more advanced. An updated agenda will be posted soon along with the new training date. We apologize for the inconvenience and look forward to seeing you at the training.

Russ Hiner & Chris LittletonPerfecting the property management model by Russ Hiner of Home Buyers of Georgia and Chris Littleton of Solutions Realty Network.

  • Did you become an unexpected landlord?
  • Currently a landlord?
  • Are the tenants running the show?
  • Are you being held hostage by your tenants?
  • Are your tenants in a slow and no pay mode?
  • Are you tired of being a landlord?

This Property Management Training is going to help you understand how to be a better property manager. This one-day training will allow you to handle difficult tenants. By taking this training you are going to be able to have some guidelines to make better decisions. Being a better property manager will put money into your pocket. By being a taking this class you will learn and grasp your short comings.

This dynamic training is going to make your life easier as a hands on property manager. You will feel more confident because you have rules and guidelines in order to work with your tenants in a professional manner. Your ability to guide and direct and manage people is key to your success in the area of long-term wealth building.

From this training you will understand how to be able to hire the correct property management company. By Knowing the correct people to put on your power team you will save money and be able to manage the management better.

Register Now!

The Property Management 101 Workshop takes place on August 27th, 2011 from 9 Am to 5 PM at 1960 Skylar Hill Dr, Suite D in Buford, GA. Sign in for he workshop starts at 8:30 am. Tuition is discounted 10% now through August 20th. As an early bird special, Gold Members are $67 each, Silver Members $89 and Guests $112. After August 20th, Gold Members will be $74, Silver Members $99 and Guests $125. Register now! Read More→

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Who’s Plugging into Your Business?

Social Media and Identity TheftSocial networking sites have exploded in popularity in recent years, as it provides a fun, convenient way to remain connected with friends and family, and also provides a novel avenue for corporations to connect with consumers. However, organizations must be well-versed in the underlying risks of this form of communication, and should proactively approach management of these sites from both a security and employee usage standpoint.

Do you know the 5 different types of Identity Theft?

Learn more at the Small Business Group
August 11th at 3:30 PM
5 Season’s at the Prado

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