Atlanta Real Estate Investors Alliance Blog
Should I Start Out Wholesaling as a Real Estate Investor?
Posted on October 1, 2014 byMany people present wholesaling as a great way to gain capital for investing in real estate. One of the toughest things about getting started investing in real estate is saving enough money to invest. There are ways to invest with little money down, but you are still going to need some money to buy properties. Wholesaling may be a way to get started investing in real estate without much money. Wholesaling may not make you super rich, but it will teach you a lot about real estate investing and I think is a great place to start. For one, because that’s how I started, and two, I’m still doing it.
What is wholesaling real estate?
Wholesaling real estate involves an investor (“wholesaler”) buying a property or getting a property under contract and then selling the house or assigning the contract as quickly as possible. The investor may wholesale the property to another investor who will then fix up the property and rent it or flip it. The key to a successful wholesale deal is finding properties cheap enough where there is still room for a profit for the end buyer.
How can you find properties to wholesale?
I think a wholesaler’s biggest opportunity is to find off market properties. I call it the “Direct to Seller” method (no banks, no Realtors). Off market properties are houses that are not listed for sale, but are still for sale. The owners may be too far away, too busy, or too beat down to list the homes. The owners still want to sell the home, they just need the right person to find them and make an offer. Read More→
“Dude… You Need Help!” (Part 1)
Posted on October 1, 2014 bySo there you are – a proud real estate investor or business owner! You’re doing some marketing, talking to sellers, driving out to meet them, making offers, following up, raising private money, selling your houses, and a million other things.
Meanwhile, you’re (maybe) still working a job, being a husband, a father, a friend, a family member, a neighbor, and a member of your community! You don’t even know the meaning of the word “sleep!”
You’ve got a lot of balls… In the air, and everything is going great with your juggling act.UNTIL… IT happens. What is it? “It” could be anything, like… you could get sick. Or someone in your family gets sick & needs you to take care of them. Or a deal goes sideways & winds up taking way more time than you had budgeted (inconceivable!). Or a vehicle breaks down. Or some technology doesn’t work the way it should (what? that never happens!). Or… shoot, just fill in the blank. IT doesn’t really matter what “it” is.
Suddenly, your whole world gets turned upside down, and all your balls fall to the floor. The next few weeks find you frantically trying to put the pieces of the puzzle back in place again, only to find that the picture will never quite look the same no matter how hard you try to shove the pieces back together to where you had them. Read More→
The Truth Can Run Around Naked!
Posted on October 1, 2014 byDavid is a real estate investor from the Northeast. Many folks don’t know this, but “Northeast” is a Latin word that means: Where’d you get that Yankee accent? Honestly, even though I went to college up north, I only understood half of what came out of David’s mouth. Don’t know about you, but Yankee talk hurts my ears!
He came down to beautiful Dixie because he wanted me to watch him negotiate with sellers. The thing was, even though David has been reading our column, he wasn’t having much success working out win-win deals at sellers’ kitchen tables.
During our time together, we met with six sellers and made six written offers. By any measure, it was a successful day. One other important thing happened: By the time David finished making his second offer, I had discovered his problem…actually his two problems – and boy were they doozies! No wonder he was having trouble getting deals.
At the first seller’s house, when we got to the kitchen table, David talked about himself for twenty-five minutes. On and on he went – bragging about his greatness and business conquests. This first problem could easily be fixed with a roll of duct tape – also known as Alabama chrome! Read More→
Finally, an Answer to Fraudulent Actions by the Banksters!
Posted on October 1, 2014 byIn the last four months alone we have negotiated 28 1st mortgages and have successfully negotiated at least a 35% discount in the mortgage balance on all 28! In addition, we have eliminated all of the 2nd and 3rd mortgages. We have been saying for years that the lenders have perpetrated significant fraud in virtually every mortgage written in the last 20 years. The media has led us to believe that the foreclosure disaster is coming to an end. They have even blamed the homeowners for causing the mortgage implosion.
It was almost eight years ago that the foreclosure crisis began. More than 5 million homes were lost to foreclosure during those eight years, many of them belonging to real estate investors who are no longer in business. But things are looking up, right? According to CoreLogic the national foreclosure rate is at 1.7%, down from 2.5% last year. The rate of foreclosure starts is at 2006 levels, and the number of foreclosed homes being sold is back to 2008 levels. So why are many analysts now preparing for those numbers to shoot back up in the next year?
The answer is simple. The government created a bunch of temporary relief programs to try to stop the onslaught of foreclosures without actually fixing the problem. Instead of focusing on principal reduction, they focused on temporarily reducing payments. Over 300,000 homeowners’ HAMP payments will increase next year alone, with 2 million set to increase over the next few years. 40% of those 2 million homes are still underwater. Read More→
How To Systematize Your Rehab with Stacy Rowles at CDS on October 1, 2014
Posted on September 30, 2014 bywith Stacy Rowles
New Location: Hudson Grille in Sandy Springs
Atlanta REIA Members FREE – Guests $20 At The Door
Have you ever wondered how to succeed in rehabbing a house? There are many different working parts and it can get confusing and tedious at times. As you well know, the better way to approach solving problems is to have a system in place. We have as our special guest speaker, Stacy Rowles of Diamond In The Rough Solutions Inc. who has enjoyed success through systematizing her approach to rehabbing. Come join us on Wednesday, October 1st at 6:30PM at Hudson Grille located at 6317 Roswell Rd in Sandy Springs, same location as where BIG and AIM meet.
Before our main presentation, bring us your deals and let’s see how we can make several creative structures for maximum profit!
Stacy Rowles has been investing in real estate since 2011. She has experience in many different types of real estate transactions, including wholesaling and rehabbing properties in the South Atlanta area. She is usually doing 3-5 rehabs at a time and is also getting her feet wet with new construction projects. Connecting with homeowners and offering a complete turn around package is her main priority for Diamond in the Rough Solutions, Inc.
You will learn:
- Step By Step Of A Rehab Project
- How To Find The House
- How To Systematize The Rehab
- How To Find The Money To Make It All Happen
- And much, much more…
Atlanta REIA members FREE. Non-Members $20 per person.
Seating is limited! Get there early!
CDS is a group about creative deal structuring and how to apply it in your everyday life and business. If you’re looking to obtain tools, get knowledge, and feel better about structuring real estate transactions for profit, then the Creative Deal Structuring Group is the right group for you. CDS is led by Russ Hiner who is currently focusing on the need for his experience in assisting people who face “the people business” issues everyday to get a resolution and “real life” solutions. He is also a sought-after keynote speaker and, trainer of sales and communication skills.
Please join us on the 1st Wednesday of each month at Hudson Grille In Sandy Springs located at 63179 Roswell Rd, in Sandy Springs.
Wholesaling Workshop with Don DeRosa on October 11, 2014
Posted on September 30, 2014 bySaturday, October 11th from 9:00 AM – 5:00 PM at 1960 Skylar Hill Dr, Suite D, Buford, GA
Bring Your iPad, Tablet or Smart Phone
There’s never been a better time to build income through wholesaling, and there’s no one better to show you how than Don DeRosa. Whether you want to be a full-time wholesaler or just add it to your set of investment tools, let Don show you how to start wholesaling profitably today in this lively six hour workshop.
Don, a full-time investor, trainer, and mentor, is well known to the Atlanta REIA community and has been recognized as one of the nation’s top real estate investors. Now Don brings his considerable expertise to the subject of wholesaling.
Here are some of the things you’ll learn:
- Wholesaling – What is it, and how does it work?
- The advantages of wholesaling
- Buying houses with no cash and no credit
- Finding the most profitable properties
- Determining a property’s wholesale value
- Negotiating the purchase
- The closing – step-by-step directions
- Smart exit strategies
- Finding a buyer and closing the sale
- Making your way through the paperwork – with forms included!
- Pitfalls to avoid
But that’s not all. Like all of Don’s workshops, this one is designed to inspire as well as instruct. So in addition to the nuts and bolts of wholesaling, you’ll learn about:
- The three big reasons businesses fail
- Identifying your goals
- Translating your goals into income: Starting down the path to success
- And much more!
Don’s methods have been proven effective time and time again by his students, and now you have the opportunity to learn them too. Don’t miss this essential live workshop on real estate wholesaling!
This offer expires soon. RSVP Now and Save!
Atlanta REIA Meets at the DoubleTree Roswell on October 6, 2014
Posted on September 29, 2014 by
PLEASE NOTE: On October 6th, the Atlanta REIA Main Monthly Meeting with Dyches Boddiford will be held at the DoubleTree Roswell located at 1075 Holcomb Bridge Rd in Roswell, GA. This is for the October 6 meeting only. The future meeting place of our meetings will be announced soon.Learn All About Land Trusts & Personal Property Trusts at Atlanta REIA on October 6, 2014
Posted on September 25, 2014 byat DoubleTree Roswell
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 excited to announce that the “Professor of Real Estate Investing”, Dyches Boddiford, will be our special guest speaker at Atlanta REIA on Monday, October 6th at 5:00PM at the DoubleTree Roswell located at 1075 Holcomb Bridge Rd in Roswell, GA on the topic of using Land Trusts and Personal Property Trusts when buying real estate. The casual use of the Land Trust has come back to bite more than a few Real Estate Investors… simply because they were not educated on their proper use. Don’t let that be you!
What is and when should you use a Land Trust? How about Personal Property Trusts? Is the Land Trust the be-all and end-all entity for asset protection? Dyches will discuss what they really do for you and what they will not do. For some this may well be a reality check. Even if you have been using Land Trusts for years, this presentation will be valuable to you.
Dyches will cover…
- Trust Basics
- Advantages and Disadvantages
- Structure of a Trust
- Relationship of Players
- How to form a Land Trust and pass Title
- Can you trust a Trustee
- Using Land Trusts for out-of-state property
- Trust Stacking strategies
- Maintaining Privacy
- Deeds into Land Trust
- Picking a Trustee
- Funding the Land Trust properly
- How to avoid revealing the Trust documents
- And much, much more!
Dyches will also be teaching a Trust Concepts & Strategies Class on October 25 & 26 in Atlanta where he will be covering more advanced issues for Land Trusts and Personal Property Trusts.
*Please Note: Meeting agenda is subject to change.
“How to Make Huge Profits from Pre-Foreclosures”
with Bob Massey
“I’ve got it! Finally! We have discovered a deep, dark secret the American banking industry doesn’t want us to know… virtually every mortgage written in the US since 1980 contains at least 4 violations of federal law! We have forced the banks to negotiate at least a 35% discount on every deal we have submitted. Using this strategy we just closed a deal last week where the investor made over $150,000! We have 4 other closes scheduled that all have profits in excess of $80,000. One of our students has back to back deals that will make her over $300k. We are batting a thousand on approvals. All of my approvals have resulted in a 35% discount or more off of the current market value. You NEED to see this. Join me, Bob Massey at the foreclosure subgroup meeting on October 6 at 5:00 PM to learn exactly how we did these deals and how you can do them yourself.”
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 6PM for your chance to be one of the first to receive a printed copy of The Profit Newsletter while supplies last.
At approximately 6:20 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.
After the conclusion of the Atlanta REIA Main Meeting, we will be reconvening at Coldbrews Sports Bar and Grill, 880 Holcomb Bridge Rd in Roswell, GA at 9:30 PM for the Late Nite Networking and the “Meeting-After-The-Meeting”!
- Do you love hanging out with other fun loving, like-minded real estate investors who love to talk about real estate investing and doing deals?
- Do you want to work with fun, energetic people who are consistently doing deals?
- Are you always looking for new contacts and resources to build your real estate dream team?
- Do you ever have trouble putting together profitable deals and need help?
- Are you constantly looking for new leads sources as well as home buyers and sellers?
If you answered “yes” to any of these questions, then you belong at Late Nite Networking! Whether you are brand new to real estate investing or have years of experienced, everyone benefits from Late Nite Networking. Come eat, drink, connect, and have fun with like-minded real estate entrepreneurs as we network late into the night!
There is no charge for Atlanta REIA Members or guests, so bring a friend and head on down to Late Nite Networking! Just be sure you order food and beverages from the grill and tip their wait staff generously.
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>>
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>>
DirectBuy of Atlanta, Inc. – We are a private members-only buying club that gives you huge buying power by eliminating mark-up and the middleman, saving you thousands of dollars and up to 50% or more over retail and online sales prices. 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>>
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>>
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>>
Angel Oak Prime Bridge – A direct hard money lender headquartered in Atlanta. We provide renovation/construction loans for investors and 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>>
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>>
- World Ventures Travel
- Georgia Home Deals
- FundSource Financial
Atlanta REIA West Meeting – September 22, 2014
Posted on September 22, 2014 by4-6 Figures In Real Estate
with Brian Vinson
Investing in real estate can be tough. There is no “one way” to success in our business. It does help to model yourself and your investing business with successful people that have already reached success and are continuing to do more.
Brian Vinson is one of these successful people. He started out just 2 years ago using creative methods to build his real estate empire. These methods allowed him to purchase over 100 homes in the past 12 months, start several companies and become a representative of the true American Dream. Brian has become a true transactional engineer. His experience ranges from remodeling mobile homes for big profits to the acquisition of large commercial projects for his personal portfolio.
If you want Brian to share with you his amazing secret to his success, then be sure to join us at Atlanta REIA West on Monday, September 22nd at 6:30PM at Cherokee Cattle Company located at 2710 Canton Rd in Marietta, and Brian Vinson, will show you how you can duplicate his success!
Brian will show you how he uses his self-developed strategies to:
- Generate 5 Figure Checks On Projects He Never Touches
- Buy Enough Cash Flow Properties With Other People’s Money To Retire On In As Little As 1 Year
- How To Have Private Investors Begging You To Take Their Money To Use
- How To Nearly Double The Profit On The Same Deals You Already Do!
- And Much, Much More…
Brian has combined his corporate experience, education and relentless drive to experience tremendous success as a real estate investor. If you are looking to succeed with real estate investing, DO NOT MISS THIS EVENT!
Atlanta REIA members this meeting is FREE. Non-Members $10 per person.
*Please Note: Meeting agenda is subject to change.
The Atlanta REIA West Monthly Meeting is an Atlanta REIA Subchapter led by Leslie Mathis that is held on the 4th Monday of each month at 6:30 PM at the Cherokee Cattle Company restaurant located at 2710 Canton Road in Marietta, GA. 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.
Please join us on the 4th Monday of each month at Cherokee Cattle Company located at 2710 Canton Rd, in Marietta.
Overcoming Conflicts with Contractors at Atlanta REIA North on September 17, 2014
Posted on September 16, 2014 by
Problems occurring with investors and their contractors often seems to be an everyday occurrence. Even the most experienced real estate investors run into these problems daily. At the Atlanta REIA North Meeting on Wednesday, September 17th 6:30PM at 1960 Skylar Hill Dr, Suite D, Buford, Georgia, Barry Beers will discuss many of these problems and any problems attendees may have had or are having now. From the smallest repairs to the largest remodeling job, conflict is an inherent part of the construction industry that must be overcome.
Barry says… “If you are a homeowner or real estate investor, sooner or later you will need a contractor or repair person. At least 3 out of 4 people who use a contractor will run into a problem. At this meeting you will learn how to prevent 80% of the common problems that occur and of the remaining 20% of the problems you will be better prepared to handle and take legal action if needed.”
Barry has been a real estate investor for over 30+ years and once led a large REIA group back in the 1990’s. He has been a General Business Consultant for over 30+ years and is currently completing his Masters Degree in Conflict Management at Kennesaw State University.
To learn more, come out and join us on Wednesday, September 17th at 6:30PM where you will learn how to work with contractors and how to overcome conflicts as they arise.
WIN A 4 NIGHT STAY IN CANCUN: All participants who attend the North Meeting will entered into a drawing for a chance to win a *Complimentary 5 Day, 4 Night Stay in Cancun! *You must be present at the meeting to win. Giveaway does not include dining, transportation, transfers, taxes, upgrades, etc.
Late Nite Networking: 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!
Onsite Renovation Group Meets on September 16th at Noon in Decatur, GA
Posted on September 15, 2014 byMeets Tuesday, September 16th at NOON
2010 Delphine Drive, Decatur, GA 30032
This Month, on Tuesday, September 16th at NOON, the Onsite Renovation Group will once again meet at 2010 Delphine Drive, Decatur, GA 30032 which is a property that Craftbuilt purchased recently. Last month we saw the house before any work had been done to it and heard about the plans to bring it back to life. We are now deep into the demolition and framing phase of the work. The plans include adding a bedroom and bath on the front of the house where the porch was. The kitchen is being moved from the front of the house to where previously there was a bedroom. Many of the walls are being relocated for a more open flow throughout the house. Join us and hear what exit strategies will work in the neighborhood and what level of renovation will make sense as related to the after repaired value.
The Onsite Renovation Group, led by Aaron McGinnis of Craftbuilt Properties, is an 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.
The Profit Newsletter September 2014 Edition
Posted on September 9, 2014 by
The September 2014 Edition of The Profit Newsletter is available for download just in time for our Atlanta REIA Main Meeting on September 8th. The Profit is an digital, interactive newsletter for new and seasoned real estate investors delivered as an Adobe PDF file to read on your PC, Mac, Smart Phone, iPad or other mobile ready devices with a PDF reader. Many of the articles and ads in The Profit contain many hyperlinks you can click or tap to visit websites, watch videos, listen to audios, download content, send emails, comment on articles, share socially and much more! The high res version of The Profit is “print ready” for those who want to print the newsletter on their home or business printer. Also, be sure to Subscribe to The Profit Here so you don’t miss a single monthly issue.
