Atlanta Real Estate Investors Alliance Blog

Join us at the Beginning Investors Group on Monday, August 19th at 6:30 PM at the Hudson Grill located at 6317 Roswell Rd NE in Sandy Springs, GA where property evaluation expert, Linda Dana, will be teaching new investors the art and science of “Determining Accurate Property Values”. Linda is a long time real estate investor and “transaction engineer”, a mentor and the President of Charlotte REIA.

Knowing “How to Determine Accurate Property Values” is a highly critical skill that we must master as real estate investors in order to create profitable deals. As investors, we determine a property’s value by “pulling comps” using property evaluation websites, software or the MLS. By “comps” we mean recent “comparable sales” of other properties in close proximity to our subject property that are similar in age, bedrooms, baths, square footage, lot size, style, amenities, etc. We base our offers to sellers on these numbers.

If we get these numbers wrong and think the property is worth less than it really is, we may offer the seller too little and lose the opportunity to buy the property and any profit we would have made to another buyer who is willing to offer more. If we think a property is worth more than it really is in its present, as-is condition or fixed up, we may pay too much and lose thousands of dollars when we sell.

Join us at the Beginning Investors Group on Aug 19th where Linda will teach us…

• What criteria to use in your comp search
• How to know a good comp from a bad comp
• Which comps to include and which to eliminate
• How to determine a property’s value based on comps
• How to pull comps without being a Realtor
• All this and much more…

*FREE BONUS: Linda will be giving BIG attendees a trial version of the Comp Service she uses to pull comps and determine accurate property values. This is the very same online software that many Realtors use! Certain terms and conditions do apply. Join us at BIG for the details.

If you want to learn to put more money in your pocket and leave less on the closing table, this is a BIG Meeting you don’t want to miss!

This month, on Tuesday, August 20th at Noon, the Onsite Renovation Group meets at 3702 Sandy Shoals Ln, Decatur, GA 30034 (map). This project is fairly far-afield for our humble group, but it’s a great opportunity to see what a ‘lightweight’ project looks like. By applying a little paint, carpet, and some fresh cabinets, we take this newer-construction project from a clunker to real estate gold.

The Atlanta REIA Onsite Renovation Group (ORG), 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.

Join Gordon Catts and John Mangnum at the Atlanta REIA North Meeting on Wednesday, August 21^st at 6:30PM located at 1960 Skylar Hill Dr, Suite D in Buford, GA as they discuss the “Real Numbers” on:

• How much does a paint and carpet rehab really cost?
• What should I set aside for holding cost?
• Do I really need granite in the Kitchen?
• Do I need to replace the toilets in Dekalb County?
• They “harvested” the copper, can we just patch the electrical service.
• The house has been vacant for 3 years, why won’t the power company turn the power back on?
• What hidden things should I look for?
• Does someone really have to look under the house?
• How much does a new roof cost? Do I need one?
• Someone stole the AC Compressor, can I buy a used one?
• Can I put a section 8 tenant in this house?
• Why are there long thin holes in the walls?
• The contractor wants $10,000 up front for “materials”, should I give it to him?

Join us this Wednesday as we discuss the numbers all investors, new and seasoned, should be familiar with.

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!

We have a special guest speakers for the Cash Cows Commercial Real Estate Group on Thursday, July 25th. Bill Ham is student and trainer for David Lindahl, the Apartment Guru, who has purchased over 400 hundred apartment units in Macon, GA using Dave’s System. Come join us and learn how you can too!

The Cash Cows Commercial Real Estate Group is an educational, networking and call to action subgroup, led by Steve Brown for new, intermediate and advanced investors with a serious interest in purchasing commercial real estate. The Cash Cows group meets on the 4th Thursday of each month at 11:30 AM, before the Haves & Wants Meeting, at 5 Seasons Brewing located at 5600 Roswell Rd in Sandy Springs, GA at the Prado. If you yearn to learn, come learn to earn!

Haves and Wants is a weekly investor’s networking, brainstorming and deal making jam session hosted by Joe Thompson and held every Thursday at 5 Seasons Brewing at the Prado from 1:30 PM till approximately 3:00 PM. This group has been meeting for over 6 years and is all about networking, sharing information, doing deals and making money right now. Be sure to bring lots of your business cards and flyers and be prepared to promote your business and/or your haves, wants and deals with our group. If you are a real estate player or want to be, this is one meeting you don’t want to miss!

5 Seasons Brewing is located at 5600 Roswell Rd (map) inside the Perimeter at the “Prado” in Sandy Springs. The all natural, organic food at the 5 Seasons is excellent and the hand-crafted beer is even better! Come out and eat, drink, network and share your deals with us! There is no charge to attend this meeting for Atlanta REIA Members or guests. Please come early and stay late. We would love to have you!

Real Estate Investing 101 is a new Atlanta REIA workshop designed to give students an overview of the exciting world of real estate investing. Please join Russ Hiner for Real Estate Investing Made Simple on Saturday, August 24th at 8:30AM at 1960 Skylar Hill Drive, Suite D, in Buford, GA (map).

Here is what you will achieve in this workshop:

• Learn which area of real estate will put money into you pocket the fastest!
• Learn which exit strategy will work for you to make your financial independent dreams come true!
• You will know about money making strategies which are used in Real estate.
• Learn How to do deals with no money out of your pocket.
• Learn how to do deals without credit, or cash out of your pocket!
• Get the Correct the numbers are for the buy fix, and sell!
• You will learn the different techniques that are available to put money into your pocket quickly and efficiently?
• All this and much, much more. Read More >>

Read More about the “Real Estate Investing 101 Workshop” >>

Duncan has updated his famous Online Lead Finder Software once again! Now, as of today, August 15th, Duncan has done it once again with version 2.5.3! Duncan also wanted us to advise you on some upcoming changes to the Online Lead Finder Software as he continues to add more and more features. In the next, 30 – 45 days, Duncan will be raising the price of the software from $497 to $697. By the end of the year he will raise the price to $997 as he continues to add even more powerful and profitable features. He will also soon be charging an annual maintenance fee for ongoing upgrades upon the completion of Version 3.0.

Despite these forthcoming price and policy changes, there is some very good news. If you are currently and Atlanta REIA Gold Member or Become a Gold Member before the upcoming deadline which will be September 1st, you will be grandfathered into the program and continue to receive the unlimited version of the software and all upgrades for FREE as long as you remain an active Atlanta REIA Gold Member.

Even if you miss the deadline and become an Atlanta REIA Gold Member in the future, you will be able to purchase the unlimited edition of the software for $100 and get a 50% discount on the annual maintenance and upgrade fee. But to be grandfathered in for FREE indefinitely, join Atlanta REIA as a Gold Member and maintain your membership each year.

If you are an Atlanta REIA Silver Member, the Silver Edition, which is limited to 25 leads per day, will continue to be FREE as will all future upgrades.

If you are an Atlanta REIA Member you can download the latest version of software for FREE by Read More→