Archive for May, 2017
David Tilney
Posted on May 19, 2017 by
David Tilney has owned and operated single-family houses for 39 years. He understands that real estate, if vacant, is not an asset but a liability. He also believes that his tenants are his greatest assets. David views his tenants as his on-site resident managers who are compensated with good long-term housing. Empowering tenants has allowed David and his wife, Mary, to spend 8 months each year in Naples FL and 4 months in Colorado Springs, without the need for any employees.
In 1984 David became a tenant and rented a house for 35 years, which he then sub-leased for a profit. By the end of 1996 David had leased and sub-leased over 100 houses. Many others have achieved real estate success using this business model.
John D. Rockefeller once said, “Own nothing, but control everything.” David has found master leasing to be a great way to control most of the benefits of real estate without all of the liabilities.
Learn to Buy & Hold Real Estate for True Riches with Chris Littleton
Posted on May 19, 2017 byMarathon For Money!
Buy & Hold Real Estate
For Riches!
with Chris Littleton
May 22nd @ 6:30PM,
Cherokee Cattle Company,
2710 Canton Rd, Marietta, GA
No Charge for Atlanta REIA Members, Guests $10 at the Door.
Join us on Monday May 22nd at 6:30PM at Atlanta REIA West to welcome Chris Littleton of Solutions Realty Network Inc. Chris will be showing you several different areas of real estate investing such as commercial, multi-family and residential for your buy and hold plans. There are many benefits and some pitfalls with each type. Chris can help show you which ones may be the best that fit your investing style.
At this event, you will learn:
- How to evaluate properties properly
- How to read and use market trends to your advantage
- What are the best tools to analyze market trends and evaluate properties
- Answers to Your Questions and much more!
Chris along with his wife Donna Littleton, are co-owners of Solutions Realty Network Inc.(SRN). They share a passion for seeking out sound real estate investment opportunities. Their commitment to making them profitable is realized through standardized renovations, reliable property management, and consistent maintenance. The team at Solutions Realty Network prides itself on being experts in their field and proves it by successfully managing over 400 single & multifamily homes in 17 metro Atlanta counties. They also host EPIC each month in Peachtree City.
RSVP Now and join us for this Atlanta REIA West Real Estate Meeting at 6:30pm on Monday, May 22nd at The Cherokee Cattle Company at 2710 Canton Rd. in Marietta. Come join us for this fun, informative event. See Y’all There!
Atlanta REIA Members can attend for no charge and guests for $10.00. Show up at 6:30 PM to eat and network before the meeting officially starts at 7:00 PM. Buying your own meal is optional but highly recommended and greatly appreciated since the Cherokee Cattle Company allows us to use their meeting room.
There will be lots of learning and lots of networking. Bring
your deals and your haves, wants and needs to the event.
Atlanta REIA Members Please RSVP on Meetup.com
BIG Online with Larry Harbolt on Using Land Trusts on May 24, 2017
Posted on May 19, 2017 byYour Assets With Land Trusts
with Larry Harbolt on May 24th
@ 7PM on GoToWebinar
No Charge to Attend for Members or Guests
Who RSVP Online via GoToWebinar.com!
Please be sure to join us at the Beginning Investors Group Online on Wednesday, May 24th at 7:00PM ET with creative real estate expert, Larry Harbolt on how and why you should be using Land Trusts to purchase and control your real estate deals. Perhaps you’ve hear many, more seasoned investors talking about buying houses in trust but didn’t know what they were talking about. Now is your chance to find out more about why Land Trusts are so important for your real estate business.
Register for BIG Online Now (No Charge) and Larry will teach you things like…
- What is a Land Trust
- Why you should be using a Land Trust for every property you purchase
- Advantages of Using Land Trusts
- Disadvantages of Land Trusts & what to do about it
- How to create a Land Trust in minutes
- And much more!
If you’ve been wanting to learn more about Land Trusts, Register for BIG Online Now and don’t miss this rare opportunity for Larry to teach you how to add this powerful tool in your real estate investing tool box.
Larry Harbolt is the nation’s leading creative Seller Financing expert as well as a popular national real estate speaker and teacher whose time-tested strategies and nuts and bolts teaching style has helped thousands of aspiring real estate entrepreneurs realize their financial dreams with little or no money and without the need for credit. Larry has been successful creatively buying and selling real estate for over 30 years and has written numerous popular articles and real estate courses.
TO ATTEND ONLINE: 7:00PM Start Time. To attend the Beginning Investors Group Online via your PC, smart phone or tablet, Register Here for the Meeting on GoToWebinar.com and you will be emailed login instructions for the event.
Once you get your Webinar Confirmation Email, you can login on about 5-10 minutes prior to the 7PM start time to reserve a spot using your PC, Mac, Tablet or Smart Phone. You can download the GoToWebinar App here on iTunes App Store or the Google Play Store.
The Beginning Investors Group Online (The “Big O” or BIGO) is an new online educational group that currently meets on the 4th Wednesday for new investors who are just getting started in real estate investing as well as “new again” real estate investors who’ve taken a few years off and are looking to get back in the game.
Each month, we will be bringing in local and national real estate experts to teach new investors how to survive and thrive in our ever changing economy and real estate market. The entire purpose of this group is to help new investors get their first deal and help new again investors get their next deal.
Learn The Secrets Of Master Leasing with David Tilney on June 5, 2017
Posted on May 19, 2017 by& Vendor Trade Show
A Great Way to Get Started Investing in Real Estate
With Special Guest, David Tilney
Atlanta REIA Members Can Attend at No Charge. This month,
Guests Can RSVP Online Now for $20 or Pay $25 at the Door.
We are very excited to announce that David Tilney will be our special guest trainer this month at Atlanta REIA on Monday, June 5th at 5:00 PM at the Crowne Plaza Ravinia located at 4355 Ashford Dunwoody Rd, Atlanta, GA. If you are considering becoming a real estate investor, and perhaps you can’t afford to buy a property-don’t despair! Think about renting from owners who are saddled with “inconvenient property’ and negotiating the right to sub-lease thier property to others. This could put in control of multiple properties in no time!
Very few realize the incredible benefits that a lease from an owner can transfer to a tenant. At the June Atlanta REIA Meeting David Tilney, a long time real estate investors and property manager, will explain how to get started investing in real estate by leasing properties from an owner and then re-leasing them to others in need of a good home. Attendees will learn how income, tax benefits, profit, growth and security can all be obtained by leasing and sub-leasing other people’s property. David will share the stories of 5 individuals who created income streams to support their lifestyle without the need of capital to accomplish their goals.
David will also demonstrate how master leasing is an excellent way to purchase property when and if an owner decides to sell at some time in the future. Master leasing gives you time to create trust with the owner by paying your rent on time and by doing more than you promise in your lease. Owners are more receptive to carrying the financing for those with whom they already have established a trusting relationship. You get to “test drive” a master-leased property to see how it performs before making any offers and your offers are on properties that are not listed on the market for sale so there is no competition.
During his 90 minute presentation, David will show you…
- How you can achieve your real estate investment goals without taking on debt
- How to acquire most of the benefits of real estate without ownership
- “Test drive” properties before you buy
- The difference between leasing and sub-leasing properties
- How to lessen the owner’s liability dramatically
- And Much Much More…
Come to our June 5th meeting and you will discover that master leasing is a wonderful tool to add to your real estate investing toolbox.
Atlanta REIA Members Please RSVP on Meetup.com
David started buying houses in 1978. As he acquired properties, he hired out the management, always with dismal results. His first house had a conical fireplace and chandelier stolen, a fire started in one of the bedrooms, and the rear fence burned down. In another case, his manager left town absconding with funds and was later arrested by the FBI. David quickly learned that property acquisition was the easy part of real estate investment. The key to long-term success was, and still is, good management. David has spent more than 35 years learning property management from the most knowledgeable managers he could find and from the ‘school of hard knocks.’ In his quest to be the best manager he could be, he has implemented, revised, tested and modified other people’s ideas, and created new material as necessary. David has changed systems and procedures as the laws and times have dictated.
If you are serious about building wealth in today’s real estate market, you don’t want to miss this presentation! RSVP Now!
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!
WIN 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.
Creative Deal Structuring
with Russ Hiner
FIRE! Do you know where the exits are? You need to know your strategy before you engage the seller. You need to know what makes a viable flip transaction and why. Do you know the difference between flip transactions for immediate income versus buy and hold for the long term?
You will get this information and more from this one hour session with Russ Hiner. You will gain an understanding of several key rules of thumb used by investors in both buy and hold and flip transactions.
Join Russ Hiner at the High Tech Home Buying Creative Deal Structuring Subgroup on Monday, June 5th from 5PM to 6PM at the Atlanta REIA Main Meeting at Crown Plaza Ravinia. There is No Right One Way to take a deal down. The more creative you are, the better you can satisfy everyone’s needs.
Here is what can achieve in this session:
- Learn how to analyze and make offers from a new investor prospective
- Collecting needed seller and property information
- Complete analysis based upon comparable recent sales, repairs needed using a spreadsheet
- Making different offers on the same property
- And so much more…
You will walk away from this class with NEW important steps in getting deals done-from making the first call to signing the contract. Experienced investors are invited to add their knowledge of creative deals and have the opportunity to “Think Outside The Box” with other like minded individuals.
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!
Atlanta REIA Members Please RSVP on Meetup.com
At 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.
Starting 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.
At 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.
Taco Mac Perimeter
After 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.
American IRA – The American IRA mission is to provide the highest level of customer service in the self-directed retirement industry.
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>>
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>>
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>>
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>>
Secured Investment Lending – A licensed direct mortgage lender specializing in non-traditional hard money loans for non-owner occupied buy/fix sell properties or rental properties throughout the GA and FL. Read More>>
Auction.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 Lending – Simply 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 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
Metro Funding USA
Lima One Capital
ATL Freedom Club
Robyn Thompson will be Teaching Rehabbing at Chattanooga REIA on June 1 & 3, 2017
Posted on May 19, 2017 byATTENTION ATLANTA REIA MEMBERS & GUESTS: Robyn Thompson will be teaching Rehabbing Houses at Atlanta REIA later this fall. But if you don’t want to wait until then to see her or to learn more about rehabbing houses, take a short drive to Chattanooga, TN to see her on June 1st and 3rd at the Chattanooga REIA Meeting and Workshop (See more info below). Atlanta REIA members can attend the Chattanooga Meeting for FREE. Atlanta REIA Members can also attend Robyn’s Workshop for the same price as Chattanooga REIA Members.
In The Bank Each Month
with Robyn Thompson
the “Queen of Rehab”
SPECIAL BONUS for Meeting Attendees: Robyn also has a very special bonus for those who attend our meeting while supplies last. She will be giving away a brand new audio CD she created with Ron LeGrand called “Rehabbing Creates Big Fat Checks”. RSVP on Meetup Now so we know you are comign and can reserve you a copy. Don’t miss this meeting if you want a copy!
We are very excited at Chattanooga REIA to present Robyn Thompson “The Rehab Queen” on Thursday, June 1st at 6:30PM at the Hilton Garden Inn located at 2343 Shallowford Village Drive, Chattanooga, TN. This will be Robyn’s first time visiting and training in Chattanooga and she will be sharing something very special for you. This is a meeting that you certainly DO NOT want to miss! Members and guests can join us for dinner at the Garden Grill in hotel at 5:30 PM.
Ask Yourself:
- Are you tired of living paycheck to paycheck?
- Are you looking for economic independence?
- Are you ready to start a business that will generate huge chunks of cash?.
If you answered YES to any or all of these questions, then RSVP NOW and join us! Robyn is the nation’s leading expert on buying properties at deep discounts, renovating them at lightning speed and selling them quickly for huge chunks of cash. She takes her business very serious and it is a fine tuned machine. She has rehabbed over 390+ properties in her 15+ years of investing and actually rehabbed 51 houses in single year. Her real estate investing business is a serious cash machine and not a hobby.
Robyn will instruct you on:
- Her Buying Machine
- Where to Find Properties to Rehab for profit
- 10 Criteria to Ensure High Profit Deals
- The Rehab Process
- Locating the Best Contractors to Get the Job Done
- Prescreening Contractors
- 9 Types of Houses to Never buy
- 4 Strategies to Funding Deals when You Have No Money
- Maximum Allowable Offer formula
- Selling Houses in a Down Market
- The Most Critical “WOW” Factors to Sell the house
- Marketing to Attract “A” Buyers
- Prescreening Buyers in 4 Minutes to Ensure they can buy
- And That’s Not All…
As you can see this will be a knowledge packed evening full of excitement and education. Make a list of your questions and have them ready for her at her table following the end of the meeting. Robyn will remain near her table answering all questions possible for each and every one of you. All this is happening on Thursday, June 1st at the Chattanooga REIA Main Meeting.
Robyn Thompson is the nations leading expert on buying, renovating and selling homes for huge chunks of cash and is known throughout the United States and Canada as “The Queen of Rehab”. After spending 9 years working a dead end corporate job, Robyn realized that her hard work and dedication for IBM was not going to provided economic independence. She walked away from her secure paycheck and never looked back. Over the past 20 years since Robyn left IBM, she has bought, fixed and sold 390+ homes with price ranges as low as $8,000 to as high as $4,000,000. She has spent as much as $2,100,000 in labor and materials in one year to renovate properties with more than 22 contractors working full time to take the run down homes she bought and turn them into little castles at lightening speed. Robyn has taught thousands of students throughout the United States how to become economically independent. She has shared the stage with Donald Trump, Dr Phil, Mark Victor Hansen, Ron LeGrand, Marshall Sylver & many more legends.
Chattanooga REIA Members & Guests, Please RSVP on Meetup.com
WIN A VIP EXPERIENCE JUST FOR YOU: All participants who attend the Chattanooga 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: Main Meeting agenda is subject to change.
“Queen of Rehab”Robyn Thompson
SPECIAL BONUS for Workshop Attendees: Robyn also has a very special bonus for those who attend our meeting while supplies last. She will be giving away a brand new audio CD called “Hire The Best, Fire The Rest” which details how you can find and keep the best contractors so that your rehab project will go smoothly and will really stand out from the competition!
Learn How to Turn Foreclosures, Estate Sales and Unwanted Houses into Fast Cash!
Robyn Thompson has taught thousands of students how to achieve economic independence by investing in distressed properties. Robyn has made retailing homes a science and she knows every technique imaginable to locate profitable deals, renovate distressed properties at lightning speed, minimize holding costs, and qualify good buyers and expedite closings so you can collect a big check.
In this special one-of-a-kind workshop right here in Chattanooga, Robyn Thompson will show you more of her proven, effective, affordable methods that she briefly touched on at
Thursday’s meeting.
She will instruct you on:
- Her Buying Machine
- Where to Find Properties to Rehab for Huge Profit
- The 9 Types of Houses to Never Buy
- The Rehab Process
- Locating and Hiring the Best Contractors to Get the Job Done
- Prescreening & Controlling The 8 Contractors on A Dream Team
- The Magic Buying Formula to Ensure Huge Profits
- The 3 Critical Steps to Selling Houses in a Down Market
- The 21 Critical “WOW” Factors to Make the Home Sell
- 8 Marketing Strategies to Attract “A” Buyers
- How to Prescreen Buyers in 4 Minutes to Make Sure They Qualify for a Loan
Robyn has rehabbed over 390 properties in her 20 years of investing and the majority of her profits were made on properties that were in a depressed market.
As you can see this will be a knowledge packed day full of excitement and education. We look forward to seeing you at this great event on Saturday, June 3rd!!
*PLEASE NOTE: Non-Members who join Chattanooga REIA between May 25th and June 1st, 2017 can attend the workshop for NO CHARGE. Also, Chattanooga REIA Members who renew their membership for an additional year between May 25th – 31st, 2017 can attend the workshop for NO CHARGE as well. When joining Chattanooga REIA or renewing your membership, please indicate that you want to attend the workshop at no charge. You can join Chattanooga REIA at http://ChattanoogaREIA.com/Join-Us.
Chattanooga REIA Events Calendar for More Events!
Fixing & Flipping for Beginners at BIG with Don DeRosa
Posted on May 9, 2017 byYour Way Into MASSIVE Profits!
with Don DeRosa on Mon, May 15th at Hudson Grille in Sandy Springs
Join us at the Beginning Investors Group on Monday, May 15th at 6:30PM at the Hudson Grille located at 6317 Roswell Rd in Sandy Springs, GA, with Don DeRosa, who will show you about rehabbing houses for massive profits.
The real estate market is on fire right now. There are so many money-making opportunities around every corner. Do you know this but don’t know where to get started to claim your profits? Have you already gotten started but need an extra bump to kick things into higher gear? Don’t sit back and watch all your friends get rich flipping houses. Get in on the action and get your house flipping business making the money you deserve.
Don will teach you about:
- Where to get started
- How to get the “biggest bang for your buck”
- How to evaluate deals based on repair costs
- How to find and manage good contractors
- How to protect yourself from being taken advantage of
- How much rehab you should do to a house
- How to evaluate what repairs need to be done
- And much much more!
Don is a seasoned investor who has completed many of his own profitable rehabs. Don is also a mentor and has taught many other investors how to successfully complete their own. Don’t miss out on this great opportunity to get your house flipping business up and going quickly. You will learn a great deal of information about the entire rehab process.
Atlanta REIA Members Please RSVP on Meetup.com
The Beginning Investors Group (BIG) is an educational and networking group for new investors who are just getting started in real estate investing as well as “new again” real estate investors who’ve taken a few years off and are looking to get back in the game.
This is a “dinner” group and we kindly request that you buy dinner and/or drinks since the Hudson Grille allows us to meet there. There will be lots of learning and lots of networking. Bring your deals and your haves, wants and needs to the meeting for discussion.
As always, Atlanta REIA Member can attend the meeting at no charge and not-yet-members can RSVP Online for $15 or pay $20 at the door.
Onsite Renovation Group Meets on Maynard Terrace on May 16, 2017
Posted on May 9, 2017 byHands-On Learning “Onsite” at Real Renovation Projects
Tuesday, May 16th at NOON
476 Maynard Terrace SE, Atlanta, GA
& Massive Transformation!
Please join us on Tuesday, May 16th at NOON for the Atlanta REIA Onsite Renovation Group (ORG), hosted by Don DeRosa and Dustin Griffin, to learn all about finding, funding, fixing, and flipping houses for big profits. This month’s meeting will be held at Frank Iglesias’s property located at 476 Maynard Terrace SE, Atlanta, GA.
If you recall, we visited this property back in September before the renovation began. Please come join us again onsite and see how Frank has transformed this property into the finished product!
The Atlanta REIA Onsite Renovation Group (ORG) is an educational and networking group that focuses on the acquisition, renovation and retail resale (fix and flip) of single family residential homes. The purpose of the 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 each month at NOON at an active renovation site, build site or rental property which will vary from month to month. As always, there is no charge for Atlanta REIA members to attend. Guests & Non-Members can RSVP Online for Only $15 or pay $20 at the door.
Atlanta REIA Members Please RSVP on Meetup.com
Learn How to Manage Your Property Manager at EPIC on May 16, 2017
Posted on May 9, 2017 bywith Chris Littleton
of Solutions Realty Network Inc.
May 16th, 6:30PM, Flat Creek Country Club
100 Flat Creek Rd, Peachtree City, GA 30290
Come Join Us for COMPLIMENTARY Appetizers!
Property management can be a rewarding and sometimes a bewildering experience.There are so many moving parts it can be hard to manage or remember everything that needs to be done. This is one of the reasons the EPIC Group exists. To relay great information to better manage your properties. Join us this Tuesday, May 16th at 6:00PM (3rd Tuesday) at the Flat Creek Country Club located at 100 Flat Creek Rd, Peachtree City, GA.The EPIC Group is hosted by successful real estate entrepreneurs Donna Littleton, Broker & Co-Owner of Solutions Realty Network, and her husband Chris Littleton. There is no charge for Atlanta REIA Members and currently no charge for not-yet members as well.
This month, Chris Littleton, of Solutions Realty Network Inc. will share his expertise with Managing Your Property Manager.
Chris will share:
- The Ins and Outs for Home, Apartment & Commercial Property Management
- Understanding your Manager’s Responsibilities
- Things to Look for and Ask when Hiring a Manager
- Make Your Life Simple & Free with Good Management
- How To Choose the Most Effective Manager
- And more including answers to all your questions!
Come Out on Tuesday, May 16th and every 3rd Tuesday of Each Month. You are sure to meet some great individuals and make lasting connections that will help propel your business in the right direction. We look forward to seeing you there!
Meeting Agenda*
- 6:00PM: Networking, Haves and Wants & Introductions
- 7:00PM: Information, Upcoming Events & Market Update (Chris & Donna)
- 7:20PM: Main Presentation with Chris Littleton
- 8:30PM: Closing Comments & Last Minute Networking
Atlanta REIA Members & Guests, Please RSVP on Meetup.com
Note Buying -The Fastest, Easiest, Safest Way to Make Huge Profits In Real Estate
Posted on May 1, 2017 by
Are you looking for the fastest, easiest, safest way to make money in today’s real estate market? Then you need to learn about notes! Notes are the number one way to quickly make huge cash profits in real estate, even if you don’t have your own cash or credit to get started. In most cases, you never even own the property, which really makes for a fast, easy, safe way to profit in this marketplace.
Many people are buying defaulted bank loans at very steep discounts, either as a backdoor to acquiring the property or in order to restructure the note into a very high yielding, passive investment. You can use the non-performing note (NPN) as leverage to get the property, either by negotiating “Cash for Keys” or by foreclosing on the property. Even with the time and expense of foreclosing, since you are buying the defaulted notes at very steep discounts, there are still fantastic profits to be made.
If you are looking for a passive investment, then you may want to focus on restructuring NPNs to allow the homeowner to stay in the property. Many people use this as a ministry to help distressed homeowners. Even though the homeowner is paying only a nominal interest rate, you can make super high, double-digit returns because of originally buying the note at such a steep discount. Read More→
Master Due Diligence
Posted on May 1, 2017 byI have always been surprised by the lack of time investors, wholesalers and even real estate agents put into properly advertising an investment deal. They all invest an endless amount of time and money on contracting a deal, only to drop the ball on the advertising side. Many times you can take the numbers, CMAs, spreadsheets, etc. that are used to advertise a property and in a few minutes pick the deal apart. Maybe it is a lack of time or knowledge but unfortunately I feel most of the time it is an attempt to mislead or just make a paycheck. Sometimes the info looks so well put together and impressive that it might even slip by an experienced buyer. Therefore you must know your numbers.
If you are a wholesaler, investor and/or real estate agent you really need to know your numbers. There is not a day I do not receive a wannabe deal that looks good at first glance. However, once I take a closer look, it is as bad as the ones I just deleted. Let us start with the most obvious mistake, the numbers. So the very first thing I do is add the recommended repairs plus the asking price and divide it by the estimated after repair value (ARV). I like for this number to be between 70%- 75% loan to value (LTV). Nowadays, this number is 80%+ which is usually not worth the headache unless the property value is higher. But even then, I try to stay away from that high of a LTV. Heck sometime the property is marketed at one LTV when it is a completely different LTV. Read More→
I have talked about this subject many times before but because of a recent call from one of my students I felt it important to talk about this subject again. A few days ago one of my students called and told me she was facing a dilemma and was worried about losing her property. She told me that she had no money to pay for the annual property insurance coming due and for two years of property taxes. She didn’t have the money to pay for either. This seems to be a common problem many beginning real estate investor’s experience. This is a subject I knew all too well because years earlier I experienced this very same problem.
I guess part of this problem stems from inexperience and lack of knowledge. Although this is a problem for many, it can be solved very easily with just a little effort and discipline. I felt it very important to write this article hoping to save many newer investors the distress and sleepless nights this problem can cause. Read More→
Building Your Personal Credibility Kit (Part 2)
Posted on May 1, 2017 byYour Credibility Kit tells a story about who you are and what you can do for your seller or buyer in order to get a deal done. It will list the benefits to the sellers or buyers as to why they should work with you, a Real Estate Investor. The other main function of a Credibility Kit is to give you the confidence you need in order to create a win-win solution for you with your sellers. It should have all the tools you need in it to get you through the offer making process.
For example, in the back of my personal Credibility Kit, I have a list of different types of offers I can make on a property. This helps me when talking to the seller and keeps me from getting tongue-tied or forgetting a strategy that could just help out that particular seller. It also includes a cost analysis sheet which shows my sellers exactly how much it would cost them to sell their home in the traditional way and how much money I can save them at the closing table. My personal Credibility Kit gives my sellers all the facts they need to make a sound decision to sell their property to me. Read More→
