Archive for August, 2013
Atlanta REIA Main Meeting on September 9th with Kimberlee Frank on Short Sales
Posted on August 27, 2013 byGuests Can RSVP Online Now for $15 or Pay $20 at the Door.
We are having a very special offer for Members and Guests on Monday, September 12th Only at the Atlanta REIA Main Meeting…
*Non-Members & Guests who Join Atlanta REIA as a first time member for as little as $100/year can attend Kimberlee Frank’s Foreclosures Gone Wild Workshop on Sept 14th and Russ Hiner’s Wholesaling 101 Workshop on Sept 28th at NO ADDITIONAL CHARGE!
*Atlanta REIA Members who renew and extend their current membership by one year can also attend Kimberlee Frank’s Foreclosures Gone Wild Workshop on Sept 14th and Russ Hiner’s Wholesaling 101 Workshop on Sept 28th at NO ADDITIONAL CHARGE!
*Certain terms and conditions to apply. New signed membership agreement required.
Have you ever considered doing short sales as a real estate investment strategy but avoided doing so because you heard that short sales and lenders can be a real pain? Have you heard that short sales can be really time consuming and not worth the effort? If so, short sale expert, Kimberlee Frank wants to set the short sale record straight at our next Atlanta REIA Monthly Meeting on September 9th at 6:00 PM at the Crown Plaza Ravinia located at 4355 Ashford Dunwoody Road in Atlanta, GA.
Kimberlee is going to spend the evening updating us on the current state of the short sale industry, what is happening now, what is likely to happen next as well as the pros and cons of doing short sales.
She is going to break down the whole short sale process step-by-step and tell you how you can make profits of $20,000 or more without spending nearly as much time doing the deal as you might think.
Come join Kimberlee and the rest of us at the Atlanta REIA Meeting on Monday, September 9th at 5PM at the Crown Plaza Ravinia Hotel in Atlanta to learn more about how to get started short selling houses for huge profits!
WIN A CRUISE or Other Door Prizes: All participants who attend the Atlanta REIA Meeting will have a chance to win a *Complimentary 2 Day Cruise to the Bahamas with Caribbean Cruise Line! The 2 day Cruise does not include port fees, transportation and taxes. *We will also be giving away other door prizes such as Gift Cards and more! *You must be present at the meeting to win.
With Russ Hiner
Do you want to play the real estate investing game but don’t know where to start? Do you have little or no cash or credit? Want to avoid risk, repairs, tenants and toilets? Want to buy houses with no money? If so, you will be glad to know that Russ Hiner will be speaking briefly at Atlanta REIA on Monday, Sept 9th about “Wholesaling Houses for Fast Cash!“
Wholesaling is a great strategy for making quick cash, low risk, without the use of your credit, income, or money. Wholesaling houses is one of the quickest and easiest ways for new investors to get started since you don’t need a real estate license or a lot of money to start… just a little training. And once you start, with a little effort, it’s nearly impossible to keep the money from pouring into your bank account on a very regular basis. If you want to learn how to wholesale houses and get paid within 30 days after you put a house under contract, come hear Russ tell you how you can get started!
With Dyches Boddiford
At the Meeting-Before-the-Meeting
Dyches Boddiford will be our special Guest at the Active Investor Group Meeting on Monday, September 9th at 3:00 PM at Total Wine & More located at 124 Perimeter Center W (see map). Dyches will be discussing the concepts as well as the practical aspects of legal entities such as Land Trusts, S and C Corporations, LLC’s as well as General and Limited Partnerships. There are three views to every new venture – legal, tax and business. Many people leave the decision as to which type of entity they should use to their attorney or accountant. These professionals may be good at what they do, but their views are strongly influenced by their area of expertise. Dyches will touch on the legal, tax and business points you should consider when choosing an entity.
Dyches is a full time investor who speaks from experience in a variety of real estate areas. His seminars and conferences are intended for the serious real estate investor. Many of Dyches’ students travel considerable distances to listen to him. Take advantage of this rare Atlanta REIA opportunity to hear Dyches teach!
After the conclusion of the Main Meeting, we will be reconvening at the Tilted Kilt Perimeter located at 1155-B Mount Vernon Highway in Atlanta for the “Meeting-After-The-Meeting”. The Tilted Kilt will be offering half price appetizers as well as food and drink specials for our members and guests. Come eat, drink, network and have fun with us as hang out late into the night! Thanks Tilted Kilt Perimeter!
*Please Note: Meeting agenda is subject to change.
Each and every month, for the duration of our meeting, we have a Vendor Trade Show in which you can come out and meet many of our participating business members who help sponsor our meeting. Vendors can Reserve a Table Here. Thanks again sponsors!
Networth 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>>
The 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>>
CRS 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>>
Halperin Lyman, LLC – A transactional real property law firm devoted to providing the full spectrum of non-litigation related real estate legal and consulting services to its clientele.
Read More>>
American IRA – The American IRA mission is to provide the highest level of customer service in the self-directed retirement industry.
Read More>>
Craftbuilt, Inc. – We are a Metro Atlanta design-build construction firm specializing in whole-structure renovations, restorations, and new construction. No matter what the situation, we are up to the challenge! Read More>>
Angel Oak Funding – A direct hard money lender headquartered in Atlanta. We provide renovation/construction loans for investors and or builders to purchase and renovate residential properties. Read More>>
Solutions Realty Network – Providing expert property management and investment services since 2003. You invest and we take care of the rest! We’re the solution to all your real estate needs. Read More>>
Pete’s Friendly Home Inspections, LLC. – Pete’s provides home inspections, radon monitoring, gas/water/septic tests, checks pools/sprinklers and any other type of inspection needed to get you that next home! Read More>>
New Western Acquisitions – A full service Real Estate Brokerage that specializes in helping investors in acquiring inventory, securing contractors and lenders, as well as aiding in the liquidation of these assets. Read More>>
Advanta 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>>
Lima One Capital, LLC – A fully capitalized, direct lender for residential real estate investors and homebuilders. We are fully capitalized and our team prides itself on closing loans quickly for our clients. Read More>>
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>>
Law Office of Fred P. Kross – A law firm specializing residential and commercial real estate closings, short sales, foreclosures, REOs, owner financing, contracts, probate and bankruptcy. Read More>>
Atlanta Carpet Services, Inc. – Providing carpet, wood, vinyl, and tile, ACS is dedicated to every aspect of your floor covering needs from initial consultation to the sale and follow-up services. Read More>>
Fuller Center for Housing of Greater Atlanta – A faith-driven, Christ-centered, non-profit organization dedicated to providing adequate shelter for people in need in the Greater Atlanta area. Read More>>
- Bowen’s Specialized Services
- Floor & Decor
- Southeast Closing Services, LLC.
- FirstCall Claims
- Cindrell Harry
- American family Insurance, The PARTLOWE Agency
- GA Home Deals
- GVacant Protection Investment
101 Plus Ways to Generate Motivated Buyer & Seller Leads Online Workshop
Posted on August 27, 2013 byMotivated Buyer & Seller Leads
Online Workshop
A 4 Part Online Workshop with Dustin Griffin
Starting on September 6th
PLEASE NOTE: This online training is being offered in lieu of the live training that was scheduled for August 31st that had to be postponed. We will be rescheduling the live class in October or November. But in the meanwhile, we highly recommend you attend this Web-Based Training as an alternative. In fact, if you registered for the live class on August 31st, you can attend this web training at no charge and the next live version of this training that we schedule too. Also, if you sign up for this online training, you can attend the next live version of this training as well.
Join us online starting on Friday, September 6th for our Online Workshop where you will learn “101+ Ways to Generate Buyer & Seller Leads” for your real estate investing business. For your convenience, this class is being offered online in 4 parts starting on Sept 6th with the other 3 parts taking place on Sept 13, 20 and 27*. You will be able to watch each of these sessions on your schedule, over and over again as needed by logging into on AtlantaREIA.com’s Member Only Area. If you are not an Atlanta REIA Member, you can Join Atlanta REIA first and attend this Online Workshop at No Charge for a limited time only.
Dustin Griffin is going to teach you many of the 800 Pound Guerilla Marketing Strategies and Techniques he and other successful investors use to generate all the buyer and seller leads they can handle on a low budget and how you can too.
He is going to teach you how you can totally dominate your local competition with little effort and a relatively low budget using new and traditional marketing techniques, a little creativity and the power of the Internet.
*PLEASE NOTE: Non-Members who Join Atlanta REIA for the first time between August 29th and September 9th may attend for FREE! Just be sure to let us know that you want to attend this event at no charge after you join.
Schedule & Agenda*
*The following dates and agenda are subject to change at instructor’s sole discretion.
Sept 6, 2013: Session #1 – Introduction to Marketing
Sept 13, 2013: Session #2 – 101+ Ways to Generate Leads (#1 – #30)
Sept 20, 2013: Session #3 – 101+ Ways to Generate Leads (#31 – #75)
Sept 27, 2013: Session #4 – 101+ Ways to Generate Leads (#76 – #101)
Oct X, 2013: Bonus Session #5 – Even More Ways to Generate Leads
Read More→
Foreclosures Gone Wild Workshop on September 14, 2013
Posted on August 26, 2013 byLearn How to Make Huge Profits with Short Sales
with Kimberlee Frank on September 14th
Realtors and Real Estate Investors: Have you taken advantage of the fact that Foreclosures Have Gone Wild? If not, why… Fear? Lack of experience? Discouragement? No matter if you are a first time Investor, Realtor or a Seasoned Pro, on September 14th at 9:00 AM at the Crown Plaza Ravinia in Atlanta, GA. Kimberlee Frank will show you all the secrets to get your short sales approved and closed!
Yes, some people say “Are you Nuts to work Short Sales?!” Kimberlee says “You’re Nuts if You Aren’t!” Short Sales can be frustrating, if you don’t have a simple, easy step-by-step system that is current with the weekly changes in the industry. It doesn’t matter what level of experience or lack of experience you have… Kimberlee has got you covered. Learn from the best, partner with her and let her negotiate, fund and/or rehab the property and split the profits 50/50! One of Kimberlee’s students just closed a deal on August 15, 2013 that netted a $69,905.54 profit! Are you next? Step up and join us at the workshop!
Attend and LEARN the Top 10 Steps to Successful Short Sales:
- Learn how to find the Right Team
- Understand structure of LLC, S or C-Corp
- Learn how to Control a Deal at No RISK and have Sellers eating out of your hand
- Understand the paperwork for today’s market
- Learn how to pre-screen your buyer’s
- Learn to sell your house fast in 7 days or less
- Let Kimberlee negotiate & fund your short sale
- Learn how to have your Buyer fund your deals
- Learn how to provide facts for the BPO Agent so that Bank’s value of the home allows you to get discounts and close quickly
- Learn how to close back to back
Wholesaling 101 Workshop with Russ Hiner on September 28, 2013
Posted on August 26, 2013 byWholesaling 101 Workshop
With Russ Hiner on Sept 28, 2013 from 9AM – 5PM
at 1960 Skylar Hill Dr, Suite D, Buford, GA
Do you want to play the real estate investing game but don’t know where to start? Do you have little or no cash or credit? Want to avoid risk, repairs, tenants and toilets? Want to buy houses with no money?
Wholesaling is a great strategy for making quick cash, low risk, without the use of your credit, income, or money. Wholesaling real estate is among the most popular investment strategies because anyone can do it — you don’t need a real estate license or a lot of money to start. And once you start, with a little effort, it’s nearly impossible to keep the money from pouring into your bank account.
If you want to learn how to wholesale houses and get paid within 30 days after you put a house under contract, you should consider attending our Wholesaling 101 Workshop with Russ Hiner on Saturday, September 28th from 9AM to 5PM at the Atlanta REIA North Office located at 1960 Skylar Hill Dr, Suite D in Buford, GA. This class is limited to 30 people has sold out very quickly in the past since we only usually hold it once a year, so be sure to reserve your seat before they are all gone!
At the workshop, Russ will teach you the wholesale strategies you need to succeed and take you step-by-step through the entire process of how to wholesale real estate. All applicable forms and agreements with filled out examples are included.
PLEASE NOTE: Workshop prices will increase to $39.95/person for Gold Members, $59.95/person for Silver Members and $99.95/person for Non-Members after early registration expires. Non-Members who join Atlanta REIA between September 7th & 9th, 2013 can attend the workshop for FREE. When joining Atlanta REIA, please indicate that you want to attend the workshop at no charge. You can join Atlanta REIA at http://membership.atlantareia.com.
What’s Happening at Atlanta REIA for the Week of August 19, 2013
Posted on August 18, 2013 byWorkshops & Meetings You Don’t Want to Miss!
How Accurate Comps Can Make or Save You $1000’s on Your Next Deal
with Linda Dana on Monday, August 19th
Atlanta REIA Members are always FREE!
*Get an Online Comp Software Trial just for Attending!
Join us at the Beginning Investors Group on Monday, August 19th at 6:30 PM at the Hudson Grill located at 6317 Roswell Rd NE in Sandy Springs, GA where property evaluation expert, Linda Dana, will be teaching new investors the art and science of “Determining Accurate Property Values”. Linda is a long time real estate investor and “transaction engineer”, a mentor and the President of Charlotte REIA.
Knowing “How to Determine Accurate Property Values” is a highly critical skill that we must master as real estate investors in order to create profitable deals. As investors, we determine a property’s value by “pulling comps” using property evaluation websites, software or the MLS. By “comps” we mean recent “comparable sales” of other properties in close proximity to our subject property that are similar in age, bedrooms, baths, square footage, lot size, style, amenities, etc. We base our offers to sellers on these numbers.
If we get these numbers wrong and think the property is worth less than it really is, we may offer the seller too little and lose the opportunity to buy the property and any profit we would have made to another buyer who is willing to offer more. If we think a property is worth more than it really is in its present, as-is condition or fixed up, we may pay too much and lose thousands of dollars when we sell.
Join us at the Beginning Investors Group on Aug 19th where Linda will teach us…
- What criteria to use in your comp search
- How to know a good comp from a bad comp
- Which comps to include and which to eliminate
- How to determine a property’s value based on comps
- How to pull comps without being a Realtor
- All this and much more…
*FREE BONUS: Linda will be giving BIG attendees a trial version of the Comp Service she uses to pull comps and determine accurate property values. This is the very same online software that many Realtors use! Certain terms and conditions do apply. Join us at BIG for the details.
If you want to learn to put more money in your pocket and leave less on the closing table, this is a BIG Meeting you don’t want to miss!
Meets Tuesday, August 20th at NOON at
3702 Sandy Shoals Ln, Decatur, GA 30034 (map)
This month, on Tuesday, August 20th at Noon, the Onsite Renovation Group meets at 3702 Sandy Shoals Ln, Decatur, GA 30034 (map). This project is fairly far-afield for our humble group, but it’s a great opportunity to see what a ‘lightweight’ project looks like. By applying a little paint, carpet, and some fresh cabinets, we take this newer-construction project from a clunker to real estate gold.
The Atlanta REIA Onsite Renovation Group (ORG), led by Aaron McGinnis of Craftbuilt Properties, is an new educational and networking group that focuses on the acquisition, renovation and retail resale (fix and flip) of single family residential homes inside the I-285 perimeter and the in-town neighborhoods. The purpose of this group is to allow both new and experienced rehabbers and investors to meet, network and share knowledge and experience with “hands on” access to real property. The Onsite Renovation Group meets on the 3rd Tuesday of each month at NOON at an active renovation site, build site or rental property which will vary from month to month. There is currently no charge to attend these meeting.
Join Gordon Catts and John Mangnum at the Atlanta REIA North Meeting on Wednesday, August 21st at 6:30PM located at 1960 Skylar Hill Dr, Suite D in Buford, GA as they discuss the “Real Numbers” on:
- How much does a paint and carpet rehab really cost?
- What should I set aside for holding cost?
- Do I really need granite in the Kitchen?
- Do I need to replace the toilets in Dekalb County?
- They “harvested” the copper, can we just patch the electrical service.
- The house has been vacant for 3 years, why won’t the power company turn the power back on?
- What hidden things should I look for?
- Does someone really have to look under the house?
- How much does a new roof cost? Do I need one?
- Someone stole the AC Compressor, can I buy a used one?
- Can I put a section 8 tenant in this house?
- Why are there long thin holes in the walls?
- The contractor wants $10,000 up front for “materials”, should I give it to him?
Join us this Wednesday as we discuss the numbers all investors, new and seasoned, should be familiar with.
After the conclusion of the Atlanta REIA North Meeting (after 9:30 PM), we will be reconvening at the Mall of Georgia located at 3250 Woodward Crossing Blvd in Buford, GA for the “Meeting after the Meeting”. We may arrive late if the Atlanta REIA Meeting runs late. So please come eat, drink, network and have fun with us as hang out late into the night!
Bill Ham on Negotiations
We have a special guest speakers for the Cash Cows Commercial Real Estate Group on Thursday, July 25th. Bill Ham is student and trainer for David Lindahl, the Apartment Guru, who has purchased over 400 hundred apartment units in Macon, GA using Dave’s System. Come join us and learn how you can too!
The Cash Cows Commercial Real Estate Group is an educational, networking and call to action subgroup, led by Steve Brown for new, intermediate and advanced investors with a serious interest in purchasing commercial real estate. The Cash Cows group meets on the 4th Thursday of each month at 11:30 AM, before the Haves & Wants Meeting, at 5 Seasons Brewing located at 5600 Roswell Rd in Sandy Springs, GA at the Prado. If you yearn to learn, come learn to earn!
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 6 years and is all about networking, sharing information, doing deals and making money right now. Be sure to bring lots of your business cards and flyers and be prepared to promote your business and/or your haves, wants and deals with our group. 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 share your deals with us! There is no charge to attend this meeting for Atlanta REIA Members or guests. Please come early and stay late. We would love to have you!
A Full Day Workshop with Russ Hiner
On August 24, 2013 from 8:30AM – 5PM
At 1960 Skylar Hill Dr, Suite D in Buford, GA
Real Estate Investing 101 is a new Atlanta REIA workshop designed to give students an overview of the exciting world of real estate investing. Please join Russ Hiner for Real Estate Investing Made Simple on Saturday, August 24th at 8:30AM at 1960 Skylar Hill Drive, Suite D, in Buford, GA (map).
Here is what you will achieve in this workshop:
- Learn which area of real estate will put money into you pocket the fastest!
- Learn which exit strategy will work for you to make your financial independent dreams come true!
- You will know about money making strategies which are used in Real estate.
- Learn How to do deals with no money out of your pocket.
- Learn how to do deals without credit, or cash out of your pocket!
- Get the Correct the numbers are for the buy fix, and sell!
- You will learn the different techniques that are available to put money into your pocket quickly and efficiently?
- All this and much, much more. Read More >>
Read More about the “Real Estate Investing 101 Workshop” >>
Get the Real Numbers
Posted on August 18, 2013 byJoin Gordon Catts and John Mangnum at the Atlanta REIA North Meeting on Wednesday, August 21st at 6:30PM located at 1960 Skylar Hill Dr, Suite D in Buford, GA as they discuss the “Real Numbers” on:
- How much does a paint and carpet rehab really cost?
- What should I set aside for holding cost?
- Do I really need granite in the Kitchen?
- Do I need to replace the toilets in Dekalb County?
- They “harvested” the copper, can we just patch the electrical service.
- The house has been vacant for 3 years, why won’t the power company turn the power back on?
- What hidden things should I look for?
- Does someone really have to look under the house?
- How much does a new roof cost? Do I need one?
- Someone stole the AC Compressor, can I buy a used one?
- Can I put a section 8 tenant in this house?
- Why are there long thin holes in the walls?
- The contractor wants $10,000 up front for “materials”, should I give it to him?
Join us this Wednesday as we discuss the numbers all investors, new and seasoned, should be familiar with.
After the conclusion of the Atlanta REIA North Meeting (after 9:30 PM), we will be reconvening at the Mall of Georgia located at 3250 Woodward Crossing Blvd in Buford, GA for the “Meeting after the Meeting”. We may arrive late if the Atlanta REIA Meeting runs late. So please come eat, drink, network and have fun with us as hang out late into the night! Read More→
Online Lead Finder Software Version 2.5.3 – FREE for Atlanta REIA Members
Posted on August 15, 2013 by
Duncan has updated his famous Online Lead Finder Software once again! Now, as of today, August 15th, Duncan has done it once again with version 2.5.3! Duncan also wanted us to advise you on some upcoming changes to the Online Lead Finder Software as he continues to add more and more features. In the next, 30 – 45 days, Duncan will be raising the price of the software from $497 to $697. By the end of the year he will raise the price to $997 as he continues to add even more powerful and profitable features. He will also soon be charging an annual maintenance fee for ongoing upgrades upon the completion of Version 3.0.
Despite these forthcoming price and policy changes, there is some very good news. If you are currently and Atlanta REIA Gold Member or Become a Gold Member before the upcoming deadline which will be September 1st, you will be grandfathered into the program and continue to receive the unlimited version of the software and all upgrades for FREE as long as you remain an active Atlanta REIA Gold Member.
Even if you miss the deadline and become an Atlanta REIA Gold Member in the future, you will be able to purchase the unlimited edition of the software for $100 and get a 50% discount on the annual maintenance and upgrade fee. But to be grandfathered in for FREE indefinitely, join Atlanta REIA as a Gold Member and maintain your membership each year.
If you are an Atlanta REIA Silver Member, the Silver Edition, which is limited to 25 leads per day, will continue to be FREE as will all future upgrades.
If you are an Atlanta REIA Member you can download the latest version of software for FREE by Read More→
Real Estate Investing 101 with Russ Hiner on August 24, 2013
Posted on August 11, 2013 byA Full Day Workshop with Russ Hiner
On August 24, 2013 from 8:30AM – 5PM
At 1960 Skylar Hill Dr, Suite D in Buford, GA
Real Estate Investing 101 is a new Atlanta REIA workshop designed to give students an overview of the exciting world of real estate investing. Please join Russ Hiner for Real Estate Investing Made Simple on Saturday, August 24th at 8:30AM at 1960 Skylar Hill Drive, Suite D, in Buford, GA (map).
Here is what you will achieve in this workshop:
- Learn which area of real estate will put money into you pocket the fastest!
- Learn which exit strategy will work for you to make your financial independent dreams come true!
- You will know about money making strategies which are used in Real estate.
- Learn How to do deals with no money out of your pocket.
- Learn how to do deals without credit, or cash out of your pocket!
- Get the Correct the numbers are for the buy fix, and sell!
- You will learn the different techniques that are available to put money into your pocket quickly and efficiently?
- You will learn some of the basic money making strategies.
- Learn How to do deals with no money out of your pocket.
- Learn what the more advanced strategies are.
- Find out which niche of real estate will get you started from where you currently are educationally, financially, mentally and credit.
- This is a must training which will show you the tools will fit your personality and make you wealthy.
- Learn the simple Techniques which can get you started investing this week
- Discover the 3 important elements effective Real estate investing
- Utilize a 4-Step process to evaluate Real Estate Deals
Eliminate wasted time, ineffective methods, and tire kickers - Handle difficult questions with ease
- Develop active listening skills
- Profit from distressed property
- Understand what you need to close the transaction
- Build confidence
How Accurate Comps Can Make or Save You Thousands
Posted on August 11, 2013 byHow Accurate Comps Can Make or Save You $1000’s on Your Next Deal
with Linda Dana on Monday, August 19th
Atlanta REIA Members are always FREE!
Join us at the Beginning Investors Group on Monday, August 19th at 6:30 PM at the Hudson Grill located at 6317 Roswell Rd NE in Sandy Springs, GA where property evaluation expert, Linda Dana, will be teaching new investors the art and science of “Determining Accurate Property Values”. Linda is a long time real estate investor and “transaction engineer”, a mentor and the President of Charlotte REIA.
Knowing “How to Determine Accurate Property Values” is a highly critical skill that we must master as real estate investors in order to create profitable deals.
As investors, we determine a property’s value by “pulling comps” using property evaluation websites, software or the MLS. By “comps” we mean recent “comparable sales” of other properties in close proximity to our subject property that are similar in age, bedrooms, baths, square footage, lot size, style, amenities, etc.
We gather this recent sales data and analyze the high sales, low sales, average sales and distressed sales to determine the properties current “As-Is Value” as well as the “After Repair Value”. We must carefully determine which comps we include in our calculations and which ones to exclude if they are not truly “comparable”. We then carefully calculate our offer(s) to the seller based on these numbers.
If we get these numbers wrong and think the property is worth less than it really is, we may offer the seller too little and lose the opportunity to buy the property and any profit we would have made to another buyer who is willing to offer more.
If we think a property is worth more than it really is in its present, as-is condition or fixed up, we may pay too much and lose thousands of dollars when we sell. For example, if we are off by $5,000 to $10,000 on the properties value, our anticipated $5,000 profit on a wholesale flip may quickly evaporate.
Most investors don’t want to hire an appraiser to determine the value of every house they make an offer on, nor do they want to rely on a Realtor to determine these critical numbers for them. Therefore one of the first skills every new investor must master is how to determine accurate property values by pulling comps and doing the research themselves.
Join us at the Beginning Investors Group on Aug 19th where Linda will teach us…
- What criteria to use in your comp search
- How to know a good comp from a bad comp
- Which comps to include and which to eliminate
- How to determine a property’s value based on comps
- How to pull comps without being a Realtor
- All this and much more…
If you want to learn to put more money in your pocket and leave less on the closing table, this is a BIG Meeting you don’t want to miss!
Remember, Retail Buyers buy based on emotion… Investors buy based on the numbers. Join us at BIG to learn more about how to determine these important numbers!
This Month at the Onsite Renovation Group, We Meet in Decatur, GA
Posted on August 8, 2013 byMeets Tuesday, August 20th at NOON at
3702 Sandy Shoals Ln, Decatur, GA 30034 (map)
This month, on Tuesday, August 20th at Noon, the Onsite Renovation Group meets at 3702 Sandy Shoals Ln, Decatur, GA 30034 (map). This project is fairly far-afield for our humble group, but it’s a great opportunity to see what a ‘lightweight’ project looks like. Paint, carpet, and some fresh cabinets take this newer-construction project from a clunker to real estate gold.
The Atlanta REIA Onsite Renovation Group (ORG), led by Aaron McGinnis of Craftbuilt Properties, is an new educational and networking group that focuses on the acquisition, renovation and retail resale (fix and flip) of single family residential homes inside the I-285 perimeter and the in-town neighborhoods. The purpose of this group is to allow both new and experienced rehabbers and investors to meet, network and share knowledge and experience with “hands on” access to real property. The Onsite Renovation Group meets on the 3rd Tuesday of each month at NOON at an active renovation site, build site or rental property which will vary from month to month. There is currently no charge to attend these meeting.
Atlanta REIA South Has a New Meeting Location in College Park
Posted on August 7, 2013 byHosted by Reggie Jackson & Gordon Catts
Please Note the New Meeting Location Below
The Atlanta REIA South Monthly Meeting, run by Reggie Jackson and Gordon Catts, is held on the 2nd Thursday of each month at 6:30 PM at the Piccadilly Cafeteria (New Meeting Location) located at 2449 Godby Road, College Park, GA (map). Please show up at 6:30 PM to eat and network before the meeting officially starts at 7:00 PM. Atlanta REIA Members may attend at no charge. Guests may attend for $5.00. We hope you will come out and eat, network, learn and have fun with us!
Linda Dana
Posted on August 7, 2013 byLinda Dana began her investing career over 10 years ago. Linda is a single mom who has become a highly successful Investor and has proven to all those naysayers out there… that you can be an Investor and Invest in Real Estate without having a A++ credit rating and without having a lot of money. Linda is a “Transaction Engineer” who has developed her niche by “Buying on Terms and Selling on Terms”.
As a result of Linda’s talents, she was invited to become a member of the USA Mentor team for “Rich Dad University” and spent just about 7 years traveling the Unites States teaching others how to build “Long Term Wealth” using real estate.
Linda is founder and currently president of the Charlotte Real Estate Investors Alliance (Charlotte REIA) and in her spare time hosts a local TV Show in Charlotte, NC on building wealth and exposing her viewers to various ways of creating multiple streams of Income.
