Atlanta Real Estate Investors Alliance Blog
Peter Fortunato’s Real Estate Acquisition Techniques Class on June 21-22 in Atlanta
Posted on June 17, 2014 bySat & Sun, June 21st & 22nd in Atlanta, GA
This Event is Sold Out Over Capacity.
Please Do Not Register. No Seats Left.
Atlanta REIA is very excited to announce the legendary Peter Fortunato will teach his two day Real Estate Acquisition Techniques Class in Atlanta, GA on June 21st and 22nd at the Hilton Garden Inn – Atlanta Airport Millenium Center located at 2031 Sullivan Road, College Park, GA. This will be two full days of deal-structuring discussion and debate, with case studies, on how to become financially secure by using real estate as the catalyst.
Keep reading to find out more about the event and the special discounted price Peter has extended to our Atlanta REIA members, friends and followers who wish to attend this life changing training event.
For those of you that don’t know Peter, he is one of the greatest creative real estate investing minds in the country. Peter teaches creative real estate investing ideas, techniques and strategies that are truly unlike all other real estate trainers. What he teaches will allow anyone to quickly build an income stream from real estate assets and allow them to become financially independent by purchasing well selected real estate that will income for many years to come.
Peter will present two days of lecture and of discussion, with case studies, regarding why and how to acquire benefits using real estate. Questions and debate are highly encouraged!
Peter clearly and patiently describes cases including:
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The Real Estate Acquisition Seminar Workbook includes:
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Please Do Not Register. No Seats Left.
If you wish to attend, please fill out the
Real Estate Acquisitions Class Registration Form
and get it back to Peter ASAP!
Learn About Deal Analysis, Due Diligence & Determining the ARV at Atlanta REIA North
Posted on June 16, 2014 byDeal Analysis, Due Diligence
& Determining the ARV
with Special Guest, Alisha Spence
We are pleased to announce that Alisha Spence will be the presenter at the Atlanta REIA North is a of the Atlanta Real Estate Investors Alliance that meets on the 3rd Wednesday of each month at from 6:30 PM to 8:30 PM at 1960 Skylar Hill Dr, Suite D, Buford, Georgia in North Gwinnett County just a few miles from the Mall of Georgia. There is no charge to attend this meeting for Atlanta REIA members and the cost is $5.00 at the door for non-members.
This month, on Wednesday, June 18th at 6:30 PM, Alisha will be discussing how to analyze deals, do your due diligence and determine the “After Repair Value” (ARV) as accurately as possible.
One of the frustrations facing new investors is determining what a property is worth and what they can pay for it. In the rapidly changing market we are operating in, it is critical to be able to objectively determine the retail price for a property. In order to determine what to pay for a property, one must know the ARV. It is also important to know how the banks will value your property when you are ready to sell to a retail buyer.
Alisha will discuss…
- BPO’s
- Valuation Trends
- Exit Strategies
- AS-IS vs ARV
- Comp Selections
- Sample FNMA BPO Forms
- And much more!
Alisha says “Profit margins are smaller as inventory continues to stay low, and valuation is the key to making sure you aren’t losing money. Accurate valuation is the #1, first and most important factor in the due diligence process – all other numbers are derived from this and therefore you do not want to miss this meeting to learn more about the process.”
Alisha has been doing BPO’s for banks, homeowners, investors as well as asset management companies and hedge funds. Her insights into this important topic are valuable. Alisha is an Associate Broker who has been specializing in the valuation, sales, and marketing of investment real estate in the Metro Atlanta suburbs since 2005. Alisha is experienced in many aspects of real estate including residential and commercial property management, managing operations, acquisitions and sales for one of the largest and most productive real estate investment companies in Atlanta.
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 June 17th at Noon
Posted on June 16, 2014 by
This month, on Tuesday, June 17th at NOON, the Onsite group will return to the same brick ranch located at 2726 Eastfield Rd in Smyrna, GA. Two months ago, in April, the demolition phase of the project had just begun. Right after the meeting that day, we tore into the old addition with a bobcat! Click here to see the pictures of that devastation. http://tinyurl.com/ln5rgrb.
The project is now completed. The new addition is a spectacular master suite. Overall, the project is a total renovation: new roof, sheetrock, plumbing, wiring, fixtures, counters, cabinets, paint inside and out. You name it and we are did it here! Join us next Tuesday at noon, to see the finished product, including the beautiful slate patio outside of the kitchen.
The Onsite Renovation Group, 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 BIG Cookout on June 19th with Peter Fortunato & Bill Cook
Posted on June 10, 2014 byWith Peter Fortunato & Bill Cook
June 19 @ 5PM Azalea Park Roswell
All Members & Guests Must RSVP Online to Attend
The Atlanta REIA and Beginning Investors Group (BIG) are hosting our 2nd Annual Atlanta REIA BIG Cookout on Thursday, June 19th, 2014 from 5:00PM to 10:00PM at Azalea Park located at 475 Azalea Dr, Roswell, GA in Pavilion #1. In addition to lots of food, folks and fun, we will also have vendors and giveaways and two very special guest speakers. Registration is $15 for Atlanta REIA Members and $25 for Guests.
We are very, very excited to announce that we will have the “Ultimate” Creative Deal Structurer, Mr. Peter Fortunato speaking on his favorite topic, Creative Deal Structuring, along with our very own local real estate investing expert, Bill Cook!
Bill, who is also the President of North Georgia REIA and a contributor to The Profit Newsletter, will be discussing door-knocking for real estate leads, making offers, and his upcoming Atlanta REIA Door Knocking Event to be held on Saturday, June 28th, 2014.
Whatever plans you may have for Thursday evening, change them! This is fun, festive educational even that you do not want to miss. Rarely do we get to learn from not one, but two extraordinary creative real estate deal structurers. Not only will Bill and Pete be doing a presentation, but they will also be hanging out late, networking with our attendees and answering as many good questions as you can bring.
Come on down for this very special occasion! Fox Brothers BBQ will be cooking up some delicious BBQ Beef Brisket, Chicken and Chicken Wings with side dishes. This event is NOT TO MISS! We’ll have great food, along with some terrific information that you can use immediately on your road to success.
PLEASE NOTE: All Atlanta REIA Members and Guests must RSVP to attend. Please RSVP ASAP so we know how much food and beverages to order. Registration price is $15 for Atlanta REIA Members and $25 for Guests. This price does includes food and beverages, but feel free to bring your own as well. Also, you might want to bring lawn chairs since seating is limited under the pavilion.
For those of you that don’t know Peter, he is one of the greatest creative real estate investing minds in the country. Peter teaches creative real estate investing ideas, techniques and strategies that are truly unlike all other real estate trainers. What he teaches will allow anyone to quickly build an income stream from real estate assets and allow them to become financially independent by purchasing well selected real estate that will bring the income for many years to come.
While in Atlanta, Peter will be hosting his Real Estate Acquisition Techniques Class on June 21st & 22nd from 9:00 AM to 5:00 PM.
*Please Note: Meeting agenda is subject to change.
Come meet our participating business members who help sponsor this celebration. Please stop by their tables during the cookout. Thank you very much sponsors!
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>>
Duffy Realty of Atlanta Real Simple. Real Savings. Real Results. Selling or buying a home has never been easier or cost less! Join other Atlanta sellers and buyers experiencing real estate in the 21st century using technology and methodology that produces results. 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>>
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>>
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>>
We have openings available for only a few more sponsors. If you are interested, you can click here to Sponsor the Cookout. Thanks!
Learn How to Sell Houses Fast at the All Inclusive Marketing Group on Monday, June 9th
Posted on June 6, 2014 byIn Today’s Marketplace
with Frank Iglesias on June 9th
at Hudson Grille, Sandy Springs, GA
The all new Atlanta REIA All Inclusive Marketing (AIM) Group (formerly the “I Love Marketing” group) meets on Monday, June 9th at 7:00 PM at the Hudson Grille located at 6317 Roswell Rd in Sandy Springs. Our guest speaker will be our good friend, Frank Iglesias, who is an active real estate investor, wholesaler, coach and a great marketer. Frank will be teaching us “How to Market & Sell Houses Fast in Today’s Marketplace”.
Frank believes in systems and getting most of his work done through his virtual assistants. Frank’s systems and his VAs allow him to make more money by doing less work personally. Frank will talk about
- How to quickly build a cash buyers list
- Networking with active investors at REIAs
- Working with Realtors who have cash buyers
- Bandit signs & knowing your boundaries
- Networking with contractors
- Working with property management companies
- Hedge Funds companies
- Owner occupants
- Online advertising – Craigslist, Postlets also, Zillow
- Myhousedeals.com
- MLS
- FSBO.com
- Direct Mail
- Sign in the yard
- Newspaper ads
- And much, much more
If you have made the decision to get out of your JOB or to supplement your income, then this is the place you need to be on Monday to get solid real life information and investing systems.
BONUSES FOR ATTENDING: Rock has some special bonuses for all those who show up early or on time: (1) a digital copy of his new book, “The Dynamic 6”, (2) a digital copy of his book, “Go Mobile Now Or Die!” and (3) a 30 point marketing audit of your business ($250 value).
After the conclusion of our All Inclusive Marketing Meeting, we will be meeting at the Hudson Grill or a nearby restaurant for “Late Nite Networking”. We will announce where will be meeting for Late Nite Networking at the AIM Meeting. So come and join us for the AIM Meeting and be prepared to stay late and network and have fun with like minded real estate investors, marketers and other professionals late into the evening!
The Atlanta REIA All Inclusive Marketing (AIM) Group (formerly known as the “I Love Marketing” group) is a new networking and educational meeting led by Rock Shukoor and Dustin Griffin for like-minded real estate investors and small business owners who enjoy marketing and are interested in taking their business to the next level through creative marketing techniques.
AIM is for people who want to want to get together, learn and discuss marketing challenges, strategies and opportunities. Although many of the examples we cover at the meetings will be geared towards real estate investors, the techniques and strategies learned can easily be applied to any business. AIM meets on the 2nd Monday of each month at 7:00 PM at the Hudson Grille located at 6317 Roswell Rd in Sandy Springs.
*Please Note: AIM Meeting agenda is subject to change.
Learn to Accurately Determine the ARV on June 4th with Alisha Spence at Atlanta REIA South
Posted on June 3, 2014 byDetermining the ARV
with Special Guest, Alisha Spence
Please Note the New Meeting Location Below
We are pleased to announce that Alisha Spence will be the presenter at the ALL NEW Atlanta REIA South Group which is being held on the first Wednesday of each month starting at 6:00 PM at Club E located at 2707 Main Street in College Park. This month, on Wednesday, June 4th at 6PM, Alicia will be discussing how to determine the “After Repair Value” (ARV) as accurately as possible.
One of the frustrations facing new investors is determining what a property is worth and what they can pay for it. In the rapidly changing market we are operating in, it is critical to be able to objectively determine the retail price for a property. In order to determine what to pay for a property, one must know the ARV.
Alicia has been doing BPO’s for banks, homeowners, investors as well as asset management companies and hedge funds. Her insights into this important topic are valuable. Alisha is an Associate Broker who has been specializing in the valuation, sales, and marketing of investment real estate in the Metro Atlanta suburbs since 2005. Alisha is experienced in many aspects of real estate including residential and commercial property management, managing operations, acquisitions and sales for one of the largest and most productive real estate investment companies in Atlanta.
There is a $10.00 charge for all attendees which includes a light dinner. Networking and dinner take place from 6 to 7pm. At 7pm, we move upstairs and split into two groups… the Multi-Family/Landlord Group and the Single Family Group. Club E is located at 2707 Main Street in College Park. Parking is in the rear as well as an entrance to the Facility. from Main Street, turn at the traffic light on to Princeton Drive. There are 2 parking lots in rear as well as signage pointing to parking. If the first lot is full, you may park in the Bank of America lot.
Learn to Automate Your Real Estate Investing Business on June 4th with Frank Iglesias at CDS
Posted on June 3, 2014 byPutting Your Real Estate Investing Business on AutoPilot
with Special Guest, Frank Iglesias
Please Note the New Meeting Location Below
Come join us at the Creative Deal Structuring Group on Wednesday, June 4th at 6:30PM at Atkins Park Tavern located at 794 N Highland Ave NE in Atlanta where active real estate investor and coach, Frank Iglesias, will be showing you how to automate your real estate investing business. There is a $3.00 cover charge for Atlanta REIA Members and $5.00 for non-members.
Most people get into real estate to make money and to have the freedom to spend their time as they wish. But as your investing business grows, you will soon find there are more tasks that need to be completed than you can handle. If you are not careful, you will find yourself consumed with so much “busy-ness” that you don’t have time to work on your “busi-ness” and to enjoy the freedom you crave.
But there is good news! Many of the mundane, repetitive tasks that need doing can be automated or delegated to others. Frank has discovered a number of methods he uses in his own real estate investing business that will greatly assist you in your business. At the meeting, Frank will teach you:
- How To Put Your Business On AutoPilot
- How To Reduce Your Workload
- How and What To Outsource
- How To Get Your Time Back For The REAL Important Things
- Any much, much more…
Frank is one of the Founders and Managing Partners of Working With Houses, LLC, an Atlanta area Real Estate Investment Company that primarily works in the residential renovation industry, repairing and updating properties to bring value back to neighborhoods that have been devalued by the recent housing crisis. Frank has been involved in this industry for the last four years in which tremendous change has brought much volatility. He has been able to adapt with the times and to grow his business despite the volatility. He looks forward to helping you along your path to real estate investing success as so many others have already helped him along his way.
Door Fees are: Atlanta REIA Members $3 and Non-Members $5 per person. Seating is limited so arrive early to secure your seat.
The Creative Deal Structuring Group (CDS) is a group that is all about creative deal structuring and how to apply it in your everyday life and business. If you’re looking to obtain the proper tools, get knowledge you need, 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 an active investor, coach, mentor and speaker.
The Profit Newsletter June 2014 Edition
Posted on June 2, 2014 by
The June 2014 Edition of The Profit Newsletter is available for download just in time for our Atlanta REIA Main Meeting on June 2nd. 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.
The Wealth Blue Print to Running Your Real Estate Business Like a Business
Posted on May 31, 2014 byDo you have doubts about being a real estate investor? Are you scared to make offers because you are afraid of making a mistake that could cost you tens of thousands of dollars? Are you having a hard time finding the time to grow your real estate business? If you answered yes to any of these questions then take the time to read this news article carefully.
My name is Robyn Thompson and I have been investing in properties for over 15 years. I have bought, renovated and sold 339 houses. I started my real estate business with $500 and I had to learn how to run a business like a business not a hobby. I learned a long time ago that successful real estate investors do things differently than the amateurs. I am going to give seven habits that all 7 figure real estate investors possess:
1) All serious business owners who make over 7 figures focus on marketing WEEKLY. We take marketing as serious as a heart attack because wealthy business owner know that marketing = revenue. No marketing means No profits. All you need to do to raise your income is make an appointment with yourself and put it on your calendar for one hour a week to focus on marketing to attract desperate sellers.
One measly hour a week without interruptions is all it takes to up your income by massive amounts. During the hour, you call realtors, order “We Buy Houses for Cash” signs for your car, execute direct mail campaign to out of state owners, landlords in the middle of evictions or attorneys who have desperate clients who need to sell and put an ad in the newspaper in the real estate wanted section. Read More→
What is a Subject-to Deal?
Posted on May 31, 2014 byIn previous columns, I’ve mentioned Subject-to Deals. This generated a lot of what-is-that phone calls and emails – from both real estate investors and realtors.
To help folks better understand this advanced creative deal-structuring technique, this month I’ll explain what it is. Next month, we’ll look at a Subject-to Deal we just did.
Normally, when you buy a house, the seller’s mortgage is paid off at closing. With a Subject-to Deal, the seller’s mortgage is NOT paid off at closing. Instead, when the property is deeded to the buyer, the seller’s mortgage remains in place and the buyer promises to pay the seller’s mortgage payments, on the seller’s mortgage, for the seller. In other words, the buyer is buying the property subject-to the seller’s mortgage. Think of it as a form of owner financing.
When first hearing about Subject-to Deals, most folks believe this type of transaction must be illegal – Kim and I hear this all the time. Fact is, Subject-to Deals have been around for decades. Look at lines 203 and 503 on any HUD-1. It reads: Existing loans taken subject to. Read More→
Are You One of the Elite?
Posted on May 31, 2014 bySomething very exciting is happening in Atlanta:
There is a new Homebuyer’s Society.
This is exciting because it allows investors like YOU to meet with other like-minded people, have accountability, and make money. But this Homebuyer’s Society is not for everyone.
The question is, is this group for YOU?
I am excited because I know many people who have the education, the means to market, and the desire to be successful. Now they can attend meetings and get feedback and coaching about structuring a real estate transaction, communicating with sellers, marketing for buyers and sellers, and assembling the total package of a real estate investment.
This exclusive group of only 20 people will demonstrate that deals are getting done. They will be the movers and shakers at the networking events. I am excited for them because they will be able to enter the career of their dreams. They will become experts by learning hands-on techniques that will move them quickly to closing deals. Read More→
Closing the Deal
Posted on May 31, 2014 byLast month, we talked about follow up and got to the point where we were ready to prepare contracts and even had a discussion on some of those. This month, we are going to finish the “closing the purchase” process regardless of what kind of deal it is we’re closing. That means getting a contract and, when applicable, getting it to the attorney and letting him or her close the deal.
There are several types of deals you will be closing. The first is a lease option with a sandwich lease which you intend to stay in and then sublease out to your tenant/buyer. The second is a lease option that you intend to assign to a buyer, which we now call an ACTS deal. The third is an owner financing deal which you intend to buy and close with owner financing and stay in the deal. The fourth is an owner financing deal which you intend to put under contract and then assign to a buyer and get out of the deal. The fifth is a taking over debt subject-to deal, which you likely intend to stay in, and the sixth is an all cash deal. The only thing left is an option that does not involve occupancy of the house or installing tenant buyers. We’ll ignore that for the sake of this article.
In the case of a lease option agreement, whether it be a sandwich or an ACTS, this agreement is signed in the house, or you leave it with the seller, and they bring it to you the day after or whenever you can get them to finally put their signature on the dotted line. Once this happens, there’s nothing else for you to do except find a tenant/buyer for the property, and when that’s done, your attorney will close the tenant/buyer with the appropriate lease option agreement while simultaneously contacting the seller and getting anything else signed we need for our own protection. Of course, this is the easiest closing you will do because as soon as the seller signs the agreement, in effect, you’re closed. There’s no formal closing at an attorney’s office until you locate the tenant buyer. Read More→
