Archive for August, 2011

Super Smart High Tech Home Buying & Selling WorkshopOn August 2, 2011, Dustin Griffin hosted the 2nd installment of the Super Smart High Tech Home Buying & Selling Workshop Series for 2011 which is being held online and recorded for the first time ever. In Part 2 of this workshop, Dustin covered how to setup and use your domain specific emails and check them online with SuperSmartDomains.com webmail or with Microsoft Outlook. Anyone can attend this live workshop for FREE by registering here and Atlanta REIA Members can login here and watch the Workshop Replay below. Read More→

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What's Happening at Atlanta REIAWe have another great week of networking at educational opportunities at Atlanta REIA this week! We have an investor round table on Wednesday a the Creative Financing Group. On Thursday, we have a Haves & Wants deal making meeting, a Small Business Group meeting on internet privacy and the Atlanta REIA South Meeting on determining property values. Come join us! Read More→

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The 800 Pound Gorilla

Posted on August 3, 2011 by

Shadow InventoryAlthough the drop in default rates shows promise, the amount of shadow inventory still creates a dark loom over the future of housing prices, according to latest results from Standard & Poor’s U.S. Residential Performance Index. The shadow inventory of unresolved distressed properties is currently at an estimated $405 billion, representing a four-year housing inventory and one-third of the outstanding U.S. non-agency residential mortgage debt. The report states that full recovery will only occur once the supply of distressed properties shrinks to less than a quarter of the current volume. Additionally, the monthly liquidation and cure rates are at about 2.5%. This is due to an overall resolution rate of 5%, where these rates have lingered in the past nine months. The slowing first default rates allows borrowers to resolve loans and clear out the inventory instead of defaulting and adding additional units to the current inventory. Read More→

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Mobile Home ParkLonnie Deals are among our favorite – and most profitable – creative real estate investing deal structures.  What’s a Lonnie Deal?  It’s when you buy a mobile home in a mobile home park for cash and then resell it with owner financing.   Lonnie Scruggs invented this technique, and that’s how it got its name. 

Lonnie got into real estate investing in 1971 at age 41.  He mainly bought single-family homes and rented them out.  In 1986, because he was tired of being a landlord, Lonnie decided to get into the note business.  Problem was, it was hard finding good notes to buy. Read More→

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Deborah Harris

Posted on August 1, 2011 by

Deborah HarrisDeborah Harris moved to Atlanta in 1965 as a small child. After attending Georgia Tech, she went straight into real estate. Now, 30 years later, she still loves watching the constantly changing landscape of both the city and the real estate business. Although truly a “people person”, getting the deal closed is Deborah’s claim to fame.

In today’s demanding real estate climate, Deborah thrives with the new business expectations, teaches real estate, and is always ready to help with people’s buying, selling, or investing needs. She is an agent who cares, stays ahead of the technology curve, and is totally knowledgeable about Atlanta. Our team meets the client where technology and real estate connect. Let us help you with your real estate needs. Read More→

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What's Happening at Atlanta REIAThis week is our Atlanta REIA Main Meeting for August. Come join us at the meeting for vendors, haves & wants, an Atlanta Real Estate Market Update and a training session on “Nuclear Negotiation Tactics” with local real estate expert Russ Hiner. After the Main Meeting will the “meeting after the meeting” at the Tilted Kilt. We’re also having Saturday in the Park this weekend. Come join us! Read More→

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