Atlanta Real Estate Investors Alliance Blog
How Can You Create Long Term Wealth With Short Sales?
Posted on February 28, 2014 byInvestors get into the real estate business to become ‘Millionaires,’ however, many listen to courses that contain outdated information where the systems are no longer working. They follow the wrong advice which seriously stalls a successful kick start. This industry is changing monthly; be sure your trainings are coming from a Mentor who is out doing deals on a consistent basis. I stand firm on my philosophy of “Don’t quit your job until you have at least one year salary in the bank.” Why, you ask? Because it puts unnecessary pressure on many marriages, families and individuals when they quit their job and the deals are not consistently coming in yet. I not only teach Short Sales, I also teach how to buy, hold, flip, subject to’s, lease option techniques, etc., which allow you, the Investors, to truly understand all of your available exit strategies.
In order for anyone to become a Millionaire with consistent and dependable cash flow, they must hold properties. In my Real Estate Junkie Course and my Mentor Program, I always recommend that you flip 2 houses and then hold 1 house. Below is an example of a short sale deal where the Investor ended up holding the property. I negotiated the short sale with my student and also partnered with her. My exit strategy was for her to hold the property, lease it out and my student will never have to lift a finger or do any maintenance to the house for a 15 year term. I explain this exit strategy from A-Z in my Mentor Program. One important criterion for holding a house is that it has 3 bedrooms, a garage, a basement (if applicable) and a swimming pool is optional. Read More→
Begin With The End In Mind
Posted on February 28, 2014 byAs a beginning real estate investor, what is it that we are getting into real estate investing for? Have you figured out what that is yet? Is it because you just love real estate? You love it so much that you would do it for free right? Probably not, but it is a means to an end and for many people including myself. We see it as a quicker, more effective, and more realistic means to an end than other options (ex: our traditional 9 to 5). But when you say means to and “end”, what is that “end”? Is that a clearly defined destination for you?
Is it retirement? If so, what does retirement look like for you?
Is it financial freedom? If so, what does financial freedom look like for you?
Is it a net worth of a certain amount of money?
Is it a passive income of a certain amount of money each month?
Is it a house on the water, a big boat, lots of nice cars, lots of vacations?
Is it simply Time Freedom – being able to do whatever you want with your time, because your bills are paid, and everything else is taken care of?
Is it a combination of most of the things I’ve listed above? Read More→
Private Funding
Posted on February 28, 2014 byIf you are a full time investor or just getting started, you may have noticed that inventory is not what it once was. Many real estate investors see this as an issue but as always by finding a win-win situation I found a resolution to their issue. In the last two years my focus has been in buying houses to renovate and resell. Occasionally, I end up having to wholesale due to having more deals than we can purchase. On the other hand, there are investors that have difficulty finding a good deal. As a result, their money is not working for them. It only made sense to find a way to work together.
There has always been a demand for investment real estate properties on classified sites like Craigslist. Everyone has seen the “I Buy Houses Cash” ad but recently there have been ads like “I have plenty of cash for real estate and not enough deals.” I know what you’re thinking, “It’s the same ad but worded differently.” Well, I thought the same thing at first and ignored it. I also thought they were placed by a company/ hard money lender disguised as a private lender. After seeing a few different ads similar to this I decided it was time to do some investigating. A few of the ads were hard money lenders, companies, wholesalers, etc. However, a few were legitimate investors looking for more inventory and they were willing to work together. Of course they preferred to purchase the property and be on their way but I presented an alternative. Read More→
Atlanta REIA Business Spotlight on Steelworks LLC
Posted on February 28, 2014 by
You’ve heard it before, vandals and vacant property thieves have gutted the house of copper and on their way out have taken one of the most valuable system components, the AC unit! Help is on the way! Atlanta REIA welcomes Nancy and Remo Loyal with Steelworks LLC, manufacturer and full service installation provisions for outdoor AC security (anti-theft) cages.
You may have seen steel cages surrounding these AC units before. All the custom steel AC cages from Steelworks are hinged to flip forward to give easy access for service calls or new installs. Their AC protective cage is comprised of four heavy 16 gauge wire mesh panels and one inch tubing framework. The cage prices include complete site installation and locks.
Steelworks offers a wide variety of sizes of cages, the most popular being the standard size of 36 x 40 x 48. Custom sizes can be built for any unit or specification. As needed, Steelworks can also perform on site custom fabrication and any custom metal work that may be needed.
If you need something quick, their standard size cages can be installed the same day if needed.
Steelworks design LLC is a local family owned and operated business serving the expanded Metro Atlanta area and all of Georgia since 2003. Their offices and production facility is centrally located in Gwinnett County. For an estimate or more information, call Remo or Nancy at 770-570-6343 or email at nancy@steelworksllc.net. Read More→
Get Your QuickBooks Questions Answered
Posted on February 28, 2014 byIt is the goal of this column to answer questions about QuickBooks and how it is used in the REI arena. Know how to record transactions in the proper way and have your set of books in good shape when it comes time for taxes. It is our intention to do this by you the members submitting questions to mailto:Karen@smallbusinessadvisor.biz, and getting answers here in this column.
Q: I have used my business checking/debit card to make a number of purchases that were for me personally and have nothing to do with my business – how can I fix this?
A: You have two choices: You can reimburse the company for those expenses and put them in an account (equity) called Personal Expense and then when you make the deposit you apply that to the same account. Or you can just leave them in the Equity account and this will become income to you at the end of the year.
Q: I just started to use QuickBooks and when I look at my chart of accounts I found an account called “Opening Balance Equity”. I did not create this account. How did it get there and what is it used for?
A: The account “Opening Balance Equity” is not a General Accounting Practice account; it is an account that is generated by QuickBooks specifically for setting up specific accounts that will have a beginning balance. For instance: bank accounts, credit card accounts, mortgages and several other types of accounts. QuickBooks “assumes” that the brand new user may not know where to put the off-setting entry when setting up a bank account or other type of account with an existing beginning balance. It allows the user to get their accounts set up and begin using QuickBooks. Later, your CPA will come along and re-class those amounts to their proper place in your books. This account should always have a zero balance. You should never post anything directly to this account. Read More→
Real Estate Investors Hands-on QuickBooks Workshop
Posted on February 28, 2014 byReal Estate Investors Hands-on QuickBooks Workshop
With Karen Bershad on March 8, 2014
Limited Seating sign up TODAY for invitation
Create your: Chart of Accounts, Customer/Job list, Vendor List, Item List, Memorize monthly invoices and recurring transactions, write checks, track income and repairs per property and much more.
Put the pieces together for your business!!
Karen Bershad is a Certified Pro Advisor for QuickBooks®, with almost 40 years of business experience and 17 years of training clients how to use QuickBooks® in their business.
Increasing Your Cash Flow Workshop with Jimmy Napier on March 15 & 16 in Atlanta
Posted on February 27, 2014 by
IMPORTANT ANNOUNCEMENT: We just found out that Jimmy Napier was in a car accident. The good news is that he only has some injured ribs and will be OK. The bad news is that he will not be teaching the “Increasing Your Cash Flow” Workshop this weekend due to his injuries.
However, there is more good news. The Cash Flow Show goes on… Gary Johnston (who was our guest speaker in January) and another living legend, Clyde Wilson, will be filling in and teaching for Jimmy. Clyde is Jimmy’s #1 student and has accumulated over a $30M net worth in his many, many years of real estate investing.
Gary will also be making a special appearance at North Georgia REIA on Thursday, March 13th at 7:00PM at the Hilton Garden Inn in Cartersville, GA. He’ll be talking about how to increase your cash flow each and every month. In addition, he’ll be talking about how to turn an adversity – like what happened to Jimmy – into a positive outcome.
So if you already made plans to attend this event… please do! You will not be disappointed. In fact, Gary and Clyde are so convinced that you will love this training event, that you can attend both days and if you are not completely satisfied, they will gladly refund your money. Also, if you decide not to attend the event, they will still gladly refund your money.
A 2 Day Workshop with Jimmy Napier
March 15 & 16 in Atlanta, GA
PLEASE READ IMPORTANT ANNOUNCEMENT ABOVE
Learn from a Legend! Don’t miss this opportunity to hear Jimmy teach! For over thirty years Jimmy has accumulated a series of cash flow and wealth building tools and ideas. Many of these he transferred onto business cards that he could review before entering into a negotiation or transaction.
Jimmy is teaching a full two day seminar based on his ideas on how you can increase your cash flow! Each one of his strategies is capable of saving you money, protecting your wealth, or increasing your negotiation power. There are ways to buy with little or no money and important clauses to include in your contracts, notes and mortgages. Discover ways to finance property and ways to de-finance property.
These are tools and strategies you can use whether you are buying or selling, borrowing or lending. These tools and concepts will work for you whether you’re dealing with notes and mortgages or real estate.
Can’t get insurance? Need to raise cash? Do you have a negative cash flow problem? Would you like to be able to defuse a balloon note? Do foreclosures cost you too much? What clauses are important in a lease option?
The answers to all these questions, and more, are there in Jimmy’s ways to increase cash flow. Any one of them could be worth many times your investment in this seminar.
These tools and ideas have stood the test of time. These are the things that the wealthy and successful teach their kids. Can your kids do without the same information?
Should you attend?
Only if you want to have the tools you need to become financially free — and stay that way. It doesn’t matter if you’re a beginning investor or a seasoned veteran, you need this information. Real estate professionals owe it to their clients to learn this information.
100% Money Back Guarantee! After attending all two days of the class, you aren’t completely satisfied, we will give you 100% of your money back. What do you have to lose? Sign-up today!
Atlanta REIA Members $277/ea. Non-Members $297/ea.
Atlanta REIA Members use coupon code: ATLREIA
Learn How to Increase Your Cash Flow at Atlanta REIA on March 3, 2014
Posted on February 25, 2014 by
PLEASE NOTE: The Atlanta REIA Main Monthly Meeting on March 3rd has moved to the Salvation Army Building located at 2090 N Druid Hills Rd NE, Atlanta, GA 30329. See map below.
“How to Dramatically Increase Your Cash Flow” with Jimmy Napier
On March 3rd at Our New Meeting Location!
Atlanta REIA Members Can Attend at No Charge. This month only,
Guests Can RSVP Online Now for $10 or Pay $20 at the Door.
Our next Atlanta REIA Main Meeting is on Monday, March 3rd at the Salvation Army Building located at 2090 N Druid Hills Rd NE, Atlanta, GA 30329 (just off I-85) with Jimmy Napier! Don’t miss this opportunity to hear from a living legend! For over thirty years Jimmy has accumulated a series of cash flow and wealth building tools and ideas. Each one of his strategies is capable of saving you money, protecting your wealth, or increasing your negotiation power. These tools and concepts will work for you whether you’re dealing with notes and mortgages or real estate and have stood the test of time. Come learn from the best!
Click the image above for a Map to
Salvation Army, 2090 N Druid Hills Rd NE, Atlanta, GA 30329
DIRECTIONS: Get off the exit at 1-85 and North Druid Hills Rd. Turn into the driveway just to the left of Krystal and follow the driveway straight back to the Salvation Army Temple. We will have some directional signs to make it easy for you.
What’s Happening at Atlanta REIA. This is a mini-session hosted by Dustin Griffin to update our members and guests on many of the exciting new things that are going on at Atlanta REIA in the upcoming weeks and months such as upcoming workshops, webcasts, special events, members benefits and more!
Atlanta Market Update. If you missed Deborah Harris’s detailed analysis and update the Atlanta real estate market at the meeting-before-the-meeting last month with Gordon Catts, join her at this mini-session where she will give you a quick recap and overview of latest changes going on in the metro area.
Have’s & Wants Speed Marketing. This is a 30+ minute marketing session hosted by Joe Thompson that is held to help facilitate deals by giving our members the opportunity to quickly market things they HAVE and no longer want and to find things they WANT but don’t yet have. Be sure to get to bring your flyers and get to the meeting early so you can get on Joe’s list if you want to participate.
with Don DeRosa
Please join us for the Mobile Real Estate Rockstar Group (Rockstars) hosted by Don DeRosa at our “Meeting-Before-The-Meeting” on Monday, March 3rd at 4:00 PM at the Salvation Army Building located at 2090 N Druid Hills Rd NE, Atlanta, GA 30329. The Rockstars is an educational and networking group for investors who want to leverage mobile technology to become more competitive, profitable investors. You’ll learn how to use the latest apps, tips and techniques to use the information they need, right now, at their fingertips, from anywhere.
New Venue, New Theme & New Opportunities!
After the conclusion of the Atlanta REIA Main Meeting, we will be reconvening at the Famous Pub located at 2947 N Druid Hills Road NE in Atlanta, GA (in the Toco Hills Shopping Center) at 9:30PM for the All New Late Nite Networking and the “Meeting-After-The-Meeting”! We will be meeting in the private back room where the Famous Pub will be extending our members and guests food and beverage specials throughout the evening.
- 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 pub and tip their wait staff generously.
*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. Thanks again sponsors! Vendors can RSVP here.
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>>
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>>
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>>
FirstCall Claims – Our public adjusters are experts in preparing, documenting, and negotiating claims. With more than 20 years of experience and millions of dollars for our clients, FirstCall has a solid record of improving settlement outcomes. 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>>
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>>
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>>
Atlanta Capital Funding – A privately funded hard money residential and commercial lender specializing in unconventional financing where speed and attention to special circumstances are critical. 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>>
Atlanta Private Lending – Atlanta’s premier private real estate lending company. We provide private, hard money loans to professional real estate investors for renovation and investment purposes. 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>>
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>>
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>>
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>>
- Air Conditioning Experts
- Georgia Home Deals
- Steelworks Designs, LLC
- Property Jetpack
As always, your ongoing support and participation in Atlanta REIA is GREATLY APPRECIATED!
Jimmy Napier
Posted on February 24, 2014 byA former farm boy from Chipley, Florida who has amassed personal wealth and Knowledge by practicing creative real estate investing. Jimmy is the author of the best selling book Invest in Debt, a monthly newsletter entitled The Money Maker Report and numerous courses on investing in paper and single family homes.
He has been named twice by his peers as the Outstanding Educator at the Creative Real Estate Expo. He has been selected as Exchangor of the Year for the State of Florida and has also been inducted into the Exchangors’ Hall of Fame.
As Jimmy said in a recent newsletter “I want to teach classes that I feel are necessary for a person to reach financial security and be able to maintain that position in life. Time value of money with present value and future value concepts is the most valuable lesson I ever learned.”
Atlanta REIA West Meets Tonight with Mr. Tycoon
Posted on February 24, 2014 byIgnite Your Real Estate
Investing Business Tonight!
Presented by New York Times best-Selling Author, International Speaker, Personal Development Life Coach, and Real Estate Entrepreneur Wahid Shakur aka Mr. Tycoon!
Join us TONIGHT, Monday, February 24th at 6:30PM at the Atlanta REIA Wild Wild West Group as we host very special guest, Mr. Tycoon! Mr. Tycoon is a National Speaker, New York Times Best-Selling Author, and Life Coach… one of the sharpest Millionaire Minds in the business. As “THE REAL DEAL”, he is going to motivate and empower you to make 2014 your best year yet! No matter what your goals, you need the MILLIONAIRE MINDSET you want to have to make them happen!
- Priority vs. Option
- People in Your Circle (Vision)
- Entrepreneurism-(understand why you’ll never get TRUE wealth working for “the man”)
- and other key factors!
We’ll also have the LATEST Market Update with “Money Man” George Beylouny–he’ll show us the news and views and the pulse of Atlanta, like “what’s hot and what’s not”.
- How do you make your real estate buying and investing decisions?
- Do you study the market?
- How much more wealth can you build when you KNOW (via documented stats) what’s trending? Don’t miss this insightful info!
The Atlanta REIA West Monthly Meeting
- When: 4th Monday of each month from 6:30 PM till 9:00 PM
- Where: Cherokee Cattle Company at 2710 Canton Road, Marietta, GA
- Why: To Learn, Network, Market, Do Deals and Have Fun!
- Cost: Free for Atlanta REIA Members. $5.00 for guests and non-members.
- Link: west.atlantareia.com
But wait, there’s more! Immediately after the Atlanta REIA West Monthly Meeting, we will reconvene at the Cherokee Cattle Company lounge for Late Nite Networking. We hope you will come out and eat, drink, network, learn and have fun with us!
The Late Nite Networking West Monthly Meetup
- When: 4th Monday of each month from 9PM until late
- Where: Cherokee Cattle Company at 2710 Canton Road, Marietta, GA
- Why: To Learn More, Network More, Market More and Have Even More Fun!
- Cost: None, just pay for your own food and beverages
See you Monday night!
Leslie Mathis
678-895-1460
The Beginning Investors Group Has Another Record Turnout in February 2014
Posted on February 18, 2014 byOnce again the Atlanta REIA Beginning Investors Group (BIG) had a record turnout on Monday, February 17, 2014 at the Hudson Grille located at 6317 Roswell Rd in Sandy Springs.
Investors packed the house to hear a informative and entertaining presentation made by Bill Ham about building a massive real estate portfolio without using banks. If that weren’t enough, Don DeRosa also joined us to give us a sample of what he will be teaching upcoming at his Mobile Real Estate Rockstars Workshop on Saturday Feb 22.
Russ Hiner and Regina Sitterley joined us for Late Nite Networking and conducted Buyer/Seller Roleplays that lasted late into the evening. We will continue Buyer/Seller Roleplays at future Late Nite Networking events after the BIG meetings.
Thank you Bill, Don, Russ and Regina for taking the time to share your experience with us all. We also want to thank our BIG Meeting Sponsors: Sandra Watkins & John Marion of Alpha Dog Investments & ReMax Town & Country, Mike Cherwenka of Goldmine Properties, and to Monte Smith of Advanta IRA. Please check out their websites and take advantage of the services they offer to investors. And thank you everyone who attended the meeting and are helping us grow and improve our group.
SEE OUR PHOTOS ON FACEBOOK: Be sure to see our photos from the meeting on Facebook in our Beginning Investors Group Photo Album for Feb 17, 2014.
What’s Happening Next Month? Our next BIG Meeting is on St Patrick’s Day, Monday, March 17th at 6PM at the Hudson Grille located at 6317 Roswell Rd in Sandy Springs. Our topic will be on Determining Accurate Property Values with Mark “MJ” Jackson who is a Property Valuation Specialist!
This will be a great meeting for new and seasoned investors… one you don’t wan to miss. There will be lots great food, fun, networking, education, entertainment and giveaways. Don’t forget to wear something GREEN for St Patrick’s day to our March meeting! We hope to see you there!
A Special Message From Ron LeGrand About His Upcoming Fast Track To Wealth Seminar
Posted on February 18, 2014 byFrom the desk of Ron LeGrand…
To Discuss America’s Perfect
Home-Based Business
This Recession Won’t Last, And When It Goes,
So Will The Best Chance In Your Lifetime For An Average Person To Get Rich In Georgia Real Estate
If you’re not making obscene amounts of money in real estate right now, you’re missing the best opportunity of your lifetime to get rich. This recession has opened doors for both beginning and seasoned investors, the likes of which I haven’t seen in my 30 years, and I hate to think most people will sleep right through it… and it does not require money, credit, experience or a license to get started.
Why Is This Important To You?
It’s simple! If you don’t take action now and get on the bandwagon, the greatest opportunity to create wealth on The Fast Track may pass you by before you even know what happened.
My name is Ron LeGrand and I’ve set aside a full day on Saturday, March 22nd from 8:30 am to 5:00 pm to share these secrets with you. You’re invited to attend if you truly want to make this year your best year ever and let this recession make you rich. I call this all-day seminar The Fast Track To Wealth and the title says it all. Click here to Register Now!
But Who Am I, And
Why Should You Listen To Me?
I am the world’s leading expert in quick turning residential real estate and Dustin invited me to spend the day sharing how I make millionaires.
Over the past 30 years, I have bought and sold over 2,500 single-family homes, and still do 6-12 every month now on auto pilot with less than 2 hours a week of my time.
I tell it like it is, and those who follow my system make a lot of money, some become millionaires. I show people the real business of buying and selling real estate with little or no money or credit and how to build a fortune quickly with my time-tested, proven and trademarked techniques.
