Atlanta Real Estate Investors Alliance Blog
Get Seller Financing
Posted on January 24, 2014 byBuying and rehabbing distressed properties can be a lucrative business but it can also be risky. Rehabbing and flipping often generates quick checks but may also take some upfront cash to get the deal done. Here are some tips for rehabbing property with seller financing so you keep more of that cash in your own pocket.
If a property is in need of repairs or it won’t cash flow at the price the seller is asking then you may have difficulty getting a bank loan for the deal. Get the seller to finance the deal. Create an offer that will give the seller the price they need but only if they will carry back the loan on the property in a first position mortgage.
If a seller will carry back the loan then you will likely need to pay the asking price or close to it. Your offer must create value for the seller. The majority of the time when a seller carries back a note on a property they are usually more concerned about the price they are getting than the terms of the loan. This can be in your favor. Create an offer that is close to or at full price but with an interest rate and terms that will allow for small payments and bigger cash flow. One example would be making a full price offer with interest only payments. The full amount of the loan would be due when you sell or refinance the property. The risk here is that you don’t pay down any of the loan amount but it would be much easier to cash flow. This works well if the market is appreciating quickly. You can cash flow the deal and then flip it in a few months for a big check. Read More→
Contract for Deed – Its Background and Purpose – Part 1 of 5
Posted on January 24, 2014 byAs the title suggests, this is the beginning of a five-part discussion about contract for deeds. In this series, I will discuss several topics relating to this contract, including the four remedies that a seller has upon borrower default and why most Georgia attorneys do not recommended this type of agreement for either buyers or sellers. I begin by providing a description of a contract for deed, its background and application.
A contract for deed is an archaic legal contract, which is seeing recent revival. Originally referred to as a bond for title, a contract for deed can be called several other names including a land contract, agreement for deed or installment sales contract. Under Georgia law, all these agreements are treated synonymously.
When a seller of real estate agrees to finance some or all of the purchase price to the buyer, he may use a contract for deed. While a contract for deed is one way of many to “seller-finance” a transaction, many sellers find it advantageous for the reasons outlined below. Other ways to seller-finance include a mortgage, security deed or lease-option contract. Read More→
Due Diligence
Posted on January 24, 2014 byIn real estate investing the one thing that should always be done is due diligence. Due diligence means investigating any and everything that has to do with the property you are purchasing, selling, assigning, wholesaling, and any other type of transaction. This includes looking into the projected after repair value, repair cost, title, ownership, address, legal description, property boundaries, liens, mortgages, etc. The last thing you want is be involved in a fraudulent transaction that could ruin your reputation and even worse, cause someone to lose money. So how is this done?
Well, there are a few things to look into when considering buying a home. In this example we will examine a purchase from a wholesaler that contracted the property from an REO agent. I chose this as an example because this is what many investors are accustomed to seeing and what has been used to defraud many investors as well. When purchasing a property in this manner you want to see the original contract going from the current owner to the wholesaler. Even if the wholesaler is double closing the property, you want to see this contract to make sure they have the right sell or assign it. Once you confirm that the wholesaler indeed has the property under contract you want to see the title commitment that the title company will provide the wholesaler. Assuming you are using your own go-to title company, which is different than the one the wholesaler is using, you can use your title commitment to make sure it matches up with the wholesaler’s title commitment. Keep in mind that title companies are human and can also make mistakes. Yes, they do insure their mistakes but double checking them to prevent these mistakes can save you tons of time and money. Read More→
The Beginning Investors Group Has a Record Turnout in January 2014
Posted on January 22, 2014 by
Yes, you read that right, 116+ people gathered together at January’s BIG meeting for a record turnout. We listened to an action oriented, powerful presentation made by William Crowley on Credit Restoration. William informed us of a lot of points that many of us did not know about our credit reports and history. He delivered his 4 step system to restore credit and facts about the UCC code. William touched a nerve that a lot of us have… Many of us are slaves to debt and our credit history. William is driven by his passion to help us break those chains of credit slavery.
We also expanded our meeting agenda. We have started a “First Deal” segment, where we will highlight members as they do their first deals. Congratulations to Bernard Lawson and his partner Esther Walker of BE Property Investors LLC for taking the “leap of faith” and getting into the game. Congratulations to Jason Baines too who did his first “subject to” deal. If you are a first time investor and a regular attendee of our meeting, we want to hear about your first deal!
Mike Cherwenka of Goldmine Properties also spoke about the in’s and out’s of Wholesaling during his long real estate investing career. Rock Shukoor also taught us “How to Wholesale Like A Pro” during Late Nite Networking.
Dustin Griffin also spoke on the benefits of having an Atlanta REIA membership and updated us on some of the exciting new subgroups that Atlanta REIA is forming now. He also updated us on how our members can participate in the new DIY Network TV Show called “First Time Flippers”. If you want to know more details, just go to First Time Flippers. The information is free, just place the order to download the information. Read More→
Casting Call for First Time Flippers TV Show
Posted on January 21, 2014 byWould You Like to See Your 1st Deal On TV?
Learn How You Could Be On The DIY Network’s
New TV Show About First Time Flippers!
Atlanta REIA has been contacted by the casting department for the DIY Network’s new show called “First Time Flippers”. They are looking for first time house flippers in the Atlanta area to feature on the upcoming season of the show. The show is about whether or not two First Time Flippers can turn a disaster house into a dream home. The show will chronicle the highs and lows of finding, fixing and flipping a house as investors take on their very first deal. Will they make a profit or will they break the bank?
People that are featured in an episode of First Time Flippers will receive $5,000 for allowing the show to film their flipping experience. Since the title of the show is “First Time Flippers”, they are looking for people who really are fixing and flipping a house for the first time. They do not want seasoned pros or people who are already flipping houses for a living. Also, they said they prefer people who plan on doing the majority of the physical work themselves – it’s just not as entertaining to watch somebody buy a house and then hire contractors to essentially fix it for them. Plus, this show is going to be airing on the DIY Network, which stands for “Do It Yourself”.
Click here to Download a Free PDF File on
How To Apply for the Casting Process!
The Onsite Renovation Group Meets January 21, 2014 at Noon in East Point
Posted on January 20, 2014 by
This month, on Tuesday, January 21st at Noon, the Onsite Renovation Group returns to 3152 Dodson Dr, East Point GA 30344. We visited this house back in November when it was undergoing a moderate renovation including some re-framing and a lot of wiring and plumbing work. The renovation is now complete giving us the opportunity to critique the renovation and point fingers to things that may have been done differently. Parking is spacious but the driveway is steep, so you may want to park next door Sykes park.
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.
New Atlanta REIA Google Group for Members
Posted on January 19, 2014 by
We are excited to announce that we have setup a new Atlanta REIA Google Group for active members of the Atlanta Real Estate Investors Alliance (Atlanta REIA – an Atlanta Georgia Real Estate Investors Association) and other invited guests for the purpose of sharing valuable real estate related information, asking questions and exchanging contacts, leads and deals.
The group is currently in beta testing since is our first Google Group and we and our moderators don’t have a lot of experience using the group yet. So please be patient with us as you apply to join and begin posting for the first time.
We don’t have a lot of rules for using this group other than:
- Don’t post the same or similar message more than once
- Don’t promote multi-level or affiliate marketing opportunities
- Don’t post events and opportunities that compete with Atlanta REIA
- Don’t be disrespectful to others or post defamatory comments towards any person or business
Your first few posts within the group may be moderated before posting. We also reserve the right to edit or delete your posts or ban users for any reason at any time at our sole and absolute discretion.
Click here for detailed instructions on
How to Join our Atlanta REIA Google Group!
Sponsorship Opportunities with the Beginning Investors Group for 2014
Posted on January 13, 2014 byBeginning Investors Group in 2014!
3rd Monday of each month with
Special Guest Speakers & Sponsors
The Atlanta REIA Beginning Investors Group which takes place on the 3rd Monday of each month at 6:30 PM at the Hudson Grille in Sandy Springs has been experiencing tremendous growth and attendance throughout 2013 and will continue to grow in 2014. We’ve been been averaging 75+ attendees per month and have had as many as 95 at the past few meetings.
In an ongoing effort to better serve you, our Business Members, and our regular members whom you serve, we wanted to extend to you the opportunity to Sponsor the BIG Meeting and reach our audience of new investors who are getting into real estate investing for the first time or who are getting back into real estate investing once more. Our attendees are looking for contacts to help start and grow their investment businesses and are eager to hear what your business has to offer.
For each BIG Meeting, participating Sponsors will get:
- Your logo and a short description of your business posted on our website and in our promotional emails for the meeting listing you as a sponsor.
- A 1024 x 768 PowerPoint banner that will rotate along with other sponsor banners before and after the meeting presentations.
- Up to 3 minutes to speak to our group about your product or service before our main presentation.
- A spot in our meeting PowerPoint presentation that you may use during your 3 minute presentation.
- The ability to pass out flyers, business cards or other handouts to all participants at the meeting during your presentation so that everyone is sure to get one.
- The ability to bring a door prize to give away.
Atlanta REIA Gold Business Members can sponsor a BIG Meeting for $49.95 and Silver Business Members for $69.95. Due to the limited time we have available at the meeting, we must limit this to the first three (3) Atlanta REIA Business Members to RSVP for Sponsorship each month.
Thanks in advance for your participation!
How Credit Repair Really Works at the Beginning Investors Group on Jan 20, 2014
Posted on January 13, 2014 bywith William Crowley (AKA “The Credit Man”)
All Members & Guests Must RSVP Online to Attend
Members Attend for FREE and Guests for $15 Online or Pay $20 at the Door.
Guests can Join Atlanta REIA for Only $100/year and Attend for FREE!
Come join us at BIG on Monday, January 20th at 6:30PM at Hudson Grille located at 6317 Roswell Rd in Sandy Springs, where long time credit restoration expert, William Crowley, will be our special guest speaker.
William is an honorably discharged Marine and the owner of Complete Care Financial Services which has specialized in providing Credit Restoration Assistance to real estate investors, agents and other real estate professionals and their clients since 1999.
After getting fed up with all the misinformation from the Credit Reporting Agencies and all the hype from so called “Credit Repair Companies”, William created a powerful, yet simple, proven 4-Step Credit Restoration Formula that you can put to use immediately to start removing negative items from your credit reports or those of your clients.
During his presentation, William will teach how to use the Fair Credit Reporting Act to greatly benefit yourself and your customers by deleting negative entries off their credit report in as little as 30 days. Negatives such as bankruptcies, tax liens, student loans, late payments, collections, repossessions, foreclosures, charge offs and much, much more.
You will learn:
- William’s 4-Step Credit Restoration Formula
- How to delete negatives off your credit report and dramatically increase your credit score for the cost of a postage stamp.
- How to get tax liens, student loans, late payments, collections, repossessions, charge-offs and even foreclosures and bankruptcies removed from your credit reports due to the Credit Reporting Agencies’ incompetence.
- How to use a Cease and Desist Letter to stop harassing calls from Collection Agencies.
- How to use the Fair Credit Reporting Act to your advantage.
- How to settle accounts with Collection Agencies the right way.
- Any much, much more about Credit Restoration…
RSVP Now and come learn about bettering your credit score, your clients and your tenant/buyers to unleash your investing business. Seating is limited!
Would You Like to See Your 1st Deal On TV?
Join Us at BIG to Learn How You Could Be On DIY
Network’s New TV Show About First Time Flippers!
Atlanta REIA has been contacted by the casting department for the DIY Network’s new show called “First Time Flippers”. They are looking for first time house flippers in the Atlanta area to feature on the upcoming season of the show. The show is about whether or not two First Time Flippers can turn a disaster house into a dream home. The show will chronicle the highs and lows of finding, fixing and flipping a house as investors take on their very first deal. Will they make a profit or will they break the bank?
People that are featured in an episode of First Time Flippers will receive $5,000 for allowing the show to film their flipping experience. Since the title of the show is “First Time Flippers”, they are looking for people who really are fixing and flipping a house for the first time. They do not want seasoned pros or people who are already flipping houses for a living. Also, they said they prefer people who plan on doing the majority of the physical work themselves – it’s just not as entertaining to watch somebody buy a house and then hire contractors to essentially fix it for them. Plus, this show is going to be airing on the DIY Network, which stands for “Do It Yourself”.
Join us at BIG on Monday, January 20th to Learn
How To Apply for the Casting Process!
with Special Guest, Rock Shukoor
We are also excited to local real estate and marketing expert, Rock Shukoor doing a bonus session for us on “Wholesaling for Beginners”! If you have a phone, have access to a computer and the desire to make a dramatic financial change in your life, you need to attend! Rock will give a quick overview of the whole process:
- How to find your buyers first
- How to quickly build a buyers list
- How to find properties for your buyers
- More on “7 Ways to Find 7 Deals in 7 Days”
- 5 ways to do a double closing without using your own money
- Creating a system so you can make money on autopilot
This is wholesaling and guerrilla marketing at lightning fast speed. RSVP Now and don’t miss this exciting session where Rock will inspire and motivate you to take action, stay focused and find a deal a day!
After the conclusion of our BIG Meeting, we will be hanging our in the meeting room at the Hudson Grille for “Late Nite Networking”. Hudson Grille will be offering burger and other meal specials for our members and guests. Come eat, drink, network and have fun with like minded real estate investors and other professionals late into the night!
The Atlanta REIA Beginning Investors Group (BIG) is an educational and networking special interest 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. BIG is hosted by Alan McDonald and Dustin Griffin, who bring in local and national real estate experts to teach new investors how to survive and thrive in the current real estate market.
Atlanta REIA members can RSVP to attend at NO CHARGE. Non-Members can RSVP Online for $15 per person or pay $20 per person at the door. Non-Members can Join Atlanta REIA first for as little as $100/year and attend this and all other Atlanta REIA Meetings at no charge. Seating is extremely limited at this meeting, so please take action and RSVP Now!
BIG Meeting Agenda*
*Please Note: Meeting agenda is subject to change.
WIN A CRUISE: All participants who attend the BIG Meeting will entered into a drawing for a chance to win a *Complimentary 2 Day Cruise to the Bahamas with Caribbean Cruise Line! *You must be present at the meeting to win. The 2 day Cruise does not include port fees, transportation and taxes.
Make 2014 Your Best Financial Year Ever with Atlanta REIA on January 6th
Posted on December 31, 2013 byMake 2014 Your Best Financial Year Yet!
with Gary Johnston on Jan 6th
Atlanta REIA Members Can Attend at No Charge.
Guests Can RSVP Online Now for $20 or Pay $25 at the Door.
On Monday, January 6th financial freedom expert, Gary Johnston, will present “2014 – Your Best Financial Year Yet!” Start the New Year off right by clarifying your financial goals and learning the tools and strategies you need for 2014 to be your best financial year yet. This is the year for you to take major steps towards being financially free!
Gary has been an active investor in real estate and notes for over 20 years. He was with Hewlett-Packard for 16 years as director of research and development in the LaserJet business unit before leaving the rat race at age 38. One of Gary’s early mentors, Norbert Volny, taught him that no one gets rich on a W-2; you have to make your money work harder than you do.
You won’t want to miss Gary’s presentation. Quit making excuses and take responsibility for your financial life. Attend the upcoming meeting and make 2014 your best financial year yet!
Here’s what a few real estate investors have to say about Gary Johnston…
“What a way to kick-off the Year!! Gary was very methodical on goal setting step by step and the thought process behind on what fuels our engines.” “ – Joe L.
“Great actionable information without ANY hype or sales pitches. I have seen Gary speak a couple times now, I will always make time to see him. Definitively be back for more!” “ – George E.
“First meeting…loved it! I am encouraged and excited about the new year!” “ – Eileen
“Gary’s message is straightforward, honest, and if you follow it you will experience positive difference in your life!” “ – Tom B.
“Gary was very interesting and knowledgeable! I enjoyed listening to him and he had good knowledge to share with the group.” “ – Holly M.
Come join Gary and the rest of us at the Atlanta REIA Meeting on Monday, January 6th at 5PM at the at the Crowne Plaza Ravinia Hotel located at 4355 Ashford Dunwoody Road in Atlanta, GA and make 2014 your best financial year yet!
“How to Profit from Pre-Foreclosures”
with Bob Massey
On Monday, January 6th at 3:00 PM at Total Wine & More located at 124 Perimeter Center W (see map), Bob Massey, a local real estate investor, mentor, author and pre-foreclosure expert, is giving a presentation that you don’t want to miss. He’s going to be talking about the various strategies you can use for pre-foreclosure deals. Not only is he going to be discussing short sales, he’s going to be teaching you about how to bypass short sales altogether by buying the defaulted note. This eliminates all of the restrictions of short sales! In fact, you can legally give your seller money if you’re successful!
By buying the note you open up many new ways to make way more money from the deal. If you are currently working short sales or throwing away your short sale leads, Bob is going to show why you might be sitting on a goldmine without even knowing it. If you know anyone that is 90 days behind on their home loan, you NEED to be at this meeting! Bob will show you how the banks have defrauded almost everyone who took out a mortgage in the last 15 years and how YOU may be able to profit from it. There is NO CHARGE to attend this meeting, so come join us to learn more!
Late Night Networking
For Real Estate Investors
After the conclusion of the Main Meeting, we will be reconvening at the Tilted Kilt Perimeter located at 1155-B Mount Vernon Highway in Atlanta for the “Meeting after the Meeting”. The Tilted Kilt will be offering half price appetizers as well as food and drink specials for our members and guests. Come eat, drink, network and have fun with like minded real estate investors and other professionals late into the night!
*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!
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>>
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>>
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>>
American IRA – The American IRA mission is to provide the highest level of customer service in the self-directed retirement industry.
Read More>>
Craftbuilt, Inc. – We are a Metro Atlanta design-build construction firm specializing in whole-structure renovations, restorations, and new construction. No matter what the situation, we are up to the challenge! Read More>>
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>>
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>>
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>>
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>>
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>>
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>>
House4CashBuyers.com – Underwater? Behind on Payments? Repairs Needed? No matter what the issue is we can help! We can buy your house as-is for cash. We can also pay most of the closing costs, and we typically close fast!
- Bowen’s Specialized Services
- Platinum Key Management, Inc (Rock Shukoor)
- RCD Renovations
- Bradley White
Also, special thanks to all of our volunteers that help make our meetings and networking events possible!
Online Lead Finder Version 2.8 Has Just Been Released!
Posted on December 30, 2013 byDuncan Wierman’s Online Lead Finder
Version 2.8 Just Released (12/30/2013)
PLEASE NOTE: If you are an Atlanta REIA Member you can download the software for free by logging in to the Atlanta REIA Members Only Website and navigating to the Members Only Downloads & Bonuses. If you are a Gold Member, follow the instructions in the ReadMe.pdf file on how to activate the Unlimited Gold Edition at NO CHARGE (a $500 value!).
“Discover the Software Tool That Tirelessly Works for You To Find HOT Leads and Create Massive Profits!”
We all know that you can’t do business without leads that you can turn into suspects, prospects, and paying customers. You need lots of leads to work in order to generate your sales, whether it’s real estate, Internet marketing, affiliate marketing, eBay, any other business.
Online Lead Finder provides leads fast! Here’s why you should use this software:
- Cragislist, BackPage, Ebay Lead Search
- Yellow Pages Scraper
- Automated Twitter Marketing
- Twitter Trends Demand Traffic
- Facebook Lead Serve
- Social Lead Detective
- Google Maps Extractor
- Yahoo Auto Answer Bot
- Social Mail Hacker
- Linked Lead Connect
- Email Gunner
The Profit Newsletter January 2014 Edition
Posted on December 30, 2013 by
The January 2014 Edition of The Profit Newsletter is available for download just in time for our Atlanta REIA Main Meeting on January 6th. You can download The Profit Newsletter as a High Quality PDF or Low Res PDF for slower devices. The Profit is the official newsletter of the Atlanta Real Estate Investors Alliance and is a 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.
