Atlanta Real Estate Investors Alliance Blog
What’s Happening at Atlanta REIA for the Week of June 17, 2013
Posted on June 17, 2013 by
The Beginning Investors Group (BIG) meets this month on Monday, June 17th at 6:30 PM at Hudson Grille located at 6317 Roswell Rd NE in Sandy Springs, GA. This meeting is FREE for Atlanta REIA Members. Guests and Non-Members can pay $20.00 at the door or RSVP Online for $10.00. If you Join Atlanta REIA before attending or at the door, you can attend at no charge.
As a new or “new again” investor, have you ever asked yourself what you’ll do with your first or next property once you buy it? Will you quick turn it? Fix and flip it? Rent it? Lease-option it? Sell it with owner financing? How long will it take you to sell or fill your new investment property? These are common questions many new investors face when considering their first purchase.
Not having a clear “exit strategy” is an obstacle that often prevents many new investors from doing their first deal. If you would like to get a better understanding of how to quickly sell or fill your investment properties once you buy them, be sure to join us on Monday, June 17th at BIG where real estate expert and trainer, Don DeRosa, will be teaching our new investors how to market for tenants and buyers and how to choose thei right exit strategies for maximum profits and minimal out of pocket expenses.
Don will teach you:
- How to choose the correct Exit Strategy so you can buy the house right
- Marketing the property for a quick sale
- Numerous proven methods of Don’s to put more dollars in YOUR pocket
- Questions & Answers with the audience
- All this and much more…
Don will use his 17 years of real estate investing experience to help you overcome many of the challenges you may be facing as a new investor. After his presentation, we will do some buyer and seller role playing to give you a chance to practice your negotiation skills. So come out and join us. Come early and stay late for Late Night Networking after the meeting.
Meets Tuesday, June 18th at NOON at
1010 Brookdale Dr, East Point, GA 30344
On Tuesday, June 18th at Noon, the Onsite Renovation Group meets at 1010 Brookdale Dr, East Point, GA 30344. Come out to Onsite Renovation Group as we explore the changing market of East Point, GA. Forces have been changing the face of the Atlanta Real Estate Market and East Point has not escaped the tidal wave of rising sales. Join us and see what a sub-$200k resale and a moderate renovation looks like in the new market.
This is a project that was sourced to the investor by New Western Acquisitions and is being renovated by Craftbuilt. We should be deep into framing and rough mechanical installations at the time of the meeting.
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.
An Evening with a
Real Estate Attorney
with Special Guest Attorney Fred Kross
Attorney Fred Kross will be our special guest speaker on Wednesday, June 19th at 6:30 PM at the Atlanta REIA North Meeting located at 1960 Skylar Hill Dr, Suite D in Buford, Georgia. Fred is a real estate closing attorney, a bankruptcy attorney as well as a short sale negotiation specialist. Fred will be joining us at the meeting to discuss the closing process, closing “gotchas”, legal and title issues, and much more. He will also do his best to answer any burning legal questions you may have. So come out and join us for a rare opportunity to spend an evening with a real estate attorney!
Fred will answer your questions such as…
- How much are typical closing costs?
- How do I calculate/estimate closing costs before I buy?
- Do you do back-to-back/simultaneous “dry” closings?
- Do you do “subject-to” closings and what are the risks?
- Do you close transactions into “land trusts”?
- Which is a better form of owner financing… a “Agreement for Deed” or “Wrap Around Mortgage”?
- Do do you short sale negotiations for your clients and if so, how much does it cost?
- What are the title risks of buying REOs or houses at Auction? Can you get clear title?
- What are the most common issues that cause a closing to “blow up”?
- Do new laws and regulations prevent us from providing “owner financing” to new owner occupants of our investment properties?
- Are there legal ways to flip and/or assign REOs without waiting 90 days?
- How will a tenant/buyer’s bankruptcy affect my investment properties?
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. Like the Main Atlanta REIA Monthly Meeting, this subchapter will be led by Dustin Griffin and will focus on a wide variety of cutting edge real estate investing strategies with a special emphasis on Internet Marketing and Technology for the modern day “High Tech Investor”. The cost is $5.00 at the door for non-members.
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!
Hosted by Joe Thompson
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!
Property Management Pros Share Tips & Techniques of Tenant Screening
Hosted by Leslie Mathis
Industry studies have found that the true cost of an eviction is over $5000! This situation can frequently be avoided by carefully checking out the applicants for your rental property before you hand over the keys.
Join us at Atlanta REIA West on Monday, June 24th, where the National Tenant Network will share:
- 5 Secrets every landlord should know
- 8 steps to screening a potential resident
- Laws and regulations affecting resident screening
PLUS…
What’s Happening in the Cobb Real Estate Market?
A Market Update with George Beylouny of Silverton Mortgage.
The Atlanta REIA West Monthly Meeting is held on the 4th Monday of each month the Cherokee Cattle Company restaurant located at 2710 Canton Road in Marietta, GA. There is currently a $5.00 cover charge for non-members to attend this event. Show up at 6:30 PM to eat and network before the meeting officially starts at 7:00 PM. There will be Door Prizes, Bonuses, Great Networking and Great Feed. Please come hungry, put on your cowboy boots and hats, bring your business cards and be there on time! Read More→
Don DeRosa is Speaking on Selling Houses Fast at BIG on June 17, 2013
Posted on June 10, 2013 byThe Beginning Investors Group (BIG) meets this month on Monday, June 17th at 6:30 PM at Hudson Grille located at 6317 Roswell Rd NE in Sandy Springs, GA. This meeting is FREE for Atlanta REIA Members. Guests and Non-Members can pay $20.00 at the door or RSVP Online for $10.00. If you Join Atlanta REIA before attending or at the door, you can attend at no charge.
As a new or “new again” investor, have you ever asked yourself what you’ll do with your first or next property once you buy it? Will you quick turn it? Fix and flip it? Rent it? Lease-option it? Sell it with owner financing? How long will it take you to sell or fill your new investment property? These are common questions many new investors face when considering their first purchase.
Not having a clear “exit strategy” is an obstacle that often prevents many new investors from doing their first deal. If you would like to get a better understanding of how to quickly sell or fill your investment properties once you buy them, be sure to join us on Monday, June 17th at BIG where real estate expert and trainer, Don DeRosa, will be teaching our new investors how to market for tenants and buyers and how to choose thei right exit strategies for maximum profits and minimal out of pocket expenses.
Don will teach you:
- How to choose the correct Exit Strategy so you can buy the house right
- Marketing the property for a quick sale
- Numberous proven methods of Don’s to put more dollars in YOUR pocket
- Questions & Answers with the audience
- All this and much more…
Don will use his 17 years of real estate investing experience to help you overcome many of the challenges you may be facing as a new investor. After his presentation, we will do some buyer and seller role playing to give you a chance to practice your negotiation skills. So come out and join us. Come early and stay late for Late Night Networking after the meeting.
Russ Hiner is Speaking at the I Love Marketing Group on June 12, 2013
Posted on June 10, 2013 by
How many of you have leads coming to you everyday at a low price and high quality? What is the most effective marketing in today real estate market? How many of you are marketing on line? Do you have a website? Do you have a video? When are you going to get one?
Video is hot. Websites are the way to go. Russ Hiner has plenty of videos out there and will show you how you can too. Russ will be speaking at the I Love Marketing Group on Wednesday, June 12th at 7PM at Ariana Afghan Cuisine located at 5785 Roswell Rd NE, Atlanta, GA (map) where he will demonstrate and talk about the benefits of Google AdWords and marketing videos.
Here are a few reasons why you may need to attend this meeting…
- You Want To Figure This Whole Internet Thing Out.
- You Will Be Presented With The Latest In Online Marketing.
- Learn How To Generate An Organic Profile In The Market Place.
- Get You Name And Website On The First Page On Google.
- Get More High Quality Leads Coming To You.
What’s Happening at Atlanta REIA for the Week of June 10, 2013
Posted on June 10, 2013 bywith Special Guest, Russ Hiner
How many of you have leads coming to you everyday at a low price and high quality? What is the most effective marketing in today real estate market? How many of you are marketing on line? Do you have a website? Do you have a video? When are you going to get one?
Video is hot. Websites are the way to go. Russ Hiner has plenty of videos out there and will show you how you can too. Russ will be speaking at the I Love Marketing Group on Wednesday, June 12th at 7PM at Ariana Afghan Cuisine located at 5785 Roswell Rd NE, Atlanta, GA (map) where he will demonstrate and talk about the benefits of Google AdWords and marketing videos.
Here are a few reasons why you may need to attend this meeting…
- You Want To Figure This Whole Internet Thing Out.
- You Will Be Presented With The Latest In Online Marketing.
- Learn How To Generate An Organic Profile In The Market Place.
- Get You Name And Website On The First Page On Google.
- Get More High Quality Leads Coming To You.
Learn marketing from someone who is doing it and using it now!
Hosted by Joe Thompson
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!
Hosted by Reggie Jackson & Gordon Catts
The Atlanta REIA South Monthly Meeting, run by Reggie Jackson and Gordon Catts, is held on the 2nd Thursday of each month at 6:30 PM at The Barbecue Kitchen located at 1437 Virginia Avenue in East Point. Please show up at 6:30 PM to eat and network before the meeting officially starts at 7:00 PM. Atlanta REIA Members may attend at no charge. Guests may attend for $5.00. We hope you will come out and eat, network, learn and have fun with us!
On June 15th, 2013 from 9AM – 5PM
1960 Skylar Hill Dr, Suite D, Buford, GA
On Saturday, June 15th from 9 AM to 5 PM at 1960 Skylar Hill Dr, Suite D, in Buford, GA, Russ Hiner will be teaching the Negotiations 101 Workshop to really help you sharpen your negotiation skills. This professional training will be fast-paced, high-energy and is going to get you over the hump in your negotiation techniques. Your life depends on the knowledge that you will learn at this training and will surely improve as a result!
The Beginning Investors Group (BIG) meets this month on Monday, June 17th at 6:30 PM at Hudson Grille located at 6317 Roswell Rd NE in Sandy Springs, GA. This meeting is FREE for Atlanta REIA Members. Guests and Non-Members can pay $20.00 at the door or RSVP Online for $10.00. If you Join Atlanta REIA before attending or at the door, you can attend at no charge.
As a new or “new again” investor, have you ever asked yourself what you’ll do with your first or next property once you buy it? Will you quick turn it? Fix and flip it? Rent it? Lease-option it? Sell it with owner financing? How long will it take you to sell or fill your new investment property? These are common questions many new investors face when considering their first purchase.
Not having a clear “exit strategy” is an obstacle that often prevents many new investors from doing their first deal. If you would like to get a better understanding of how to quickly sell or fill your investment properties once you buy them, be sure to join us on Monday, June 17th at BIG where real estate expert and trainer, Don DeRosa, will be teaching our new investors how to market for tenants and buyers and how to choose thei right exit strategies for maximum profits and minimal out of pocket expenses.
Don will teach you:
- How to choose the correct Exit Strategy so you can buy the house right
- Marketing the property for a quick sale
- Numberous proven methods of Don’s to put more dollars in YOUR pocket
- Questions & Answers with the audience
- All this and much more…
Don will use his 17 years of real estate investing experience to help you overcome many of the challenges you may be facing as a new investor. After his presentation, we will do some buyer and seller role playing to give you a chance to practice your negotiation skills. So come out and join us. Come early and stay late for Late Night Networking after the meeting.
Meets Tuesday, June 18th at NOON at
1010 Brookdale Dr, East Point, GA 30344
On Tuesday, June 18th at Noon, the Onsite Renovation Group meets at 1010 Brookdale Dr, East Point, GA 30344. Come out to Onsite Renovation Group as we explore the changing market of East Point, GA. Forces have been changing the face of the Atlanta Real Estate Market and East Point has not escaped the tidal wave of rising sales. Join us and see what a sub-$200k resale and a moderate renovation looks like in the new market.
This is a project that was sourced to the investor by New Western Acquisitions and is being renovated by Craftbuilt. We should be deep into framing and rough mechanical installations at the time of the meeting.
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.
The Onsite Renovation Group Meets Tuesday, June 18th at NOON
Posted on June 4, 2013 byOn Tuesday, June 18th at Noon, the Onsite Renovation Group meets at 1010 Brookdale Dr, East Point, GA 30344. Come out to Onsite Renovation Group as we explore the changing market of East Point, GA. Forces have been changing the face of the Atlanta Real Estate Market and East Point has not escaped the tidal wave of rising sales. Join us and see what a sub-$200k resale and a moderate renovation looks like in the new market.
This is a project that was sourced to the investor by New Western Acquisitions and is being renovated by Craftbuilt. We should be deep into framing and rough mechanical installations at the time of the meeting.
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.
The Profit Newsletter June 2013 Edition
Posted on May 31, 2013 by
The June 2013 edition of The Profit Newsletter is now ready for download as a High Quality PDF or Low Res PDF format. The Profit is the official newsletter of the Atlanta Real Estate Investors Alliance (Atlanta REIA) and is a digitally delivered, 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! And yes, The Profit is “print ready” for those who still like a paper newsletter. Be sure to Subscribe to The Profit Here so you don’t miss a single monthly issue.
Peter Fortunato’s Real Estate Acquisition Techniques Class in Tampa on June 15-16
Posted on May 31, 2013 bySat & Sun, June 15th & 16th in Tampa, FL
Atlanta REIA is very excited to announce Peter Fortunato’s upcoming, 2 day Real Estate Acquisition Techniques Class in Tampa, FL on June 15th and 16th. Keep reading to find out about 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 has made our Atlanta REIA members and friends a very special offer for those who would like to attend his upcoming class at the unbelievable price of $350 per person (regularly $450). All you have to do is fill out the Real Estate Acquisitions Class Registration Form and fax it back to Peter at 978-922-6759 or call him at 727-397-1906 to secure your spot. If you call, be sure to mention the special code “AtlantaREIA > $350” per person found at the bottom right corner of the form to receive your discount.
Peter has generously offered this special price to help those who want to get the real estate investing education they need to be successful. You just can’t beat this great offer! Peter is the “Best of the Best” when it comes to creative real estate investing, so be sure not to miss out on this absolutely life changing opportunity.
Real Estate Acquisitions Class Registration
and get it back to Peter ASAP!
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: Read More→
Can I Have Your Business Card?
Posted on May 31, 2013 byDo you have a business card? Do you keep them with you at all times since you never know when or where you’re going to meet someone important such as a potential buyer, seller, joint venture partner or private money lender?
It never ceases to amaze me how many investors I meet at seminars, conventions or local REIA meetings that I ask for a card only to be told that they don’t have one, haven’t had them printed yet, or forgot them at home!
What’s almost as bad, is when investors hand me crummy business cards with perforated edges that they printed at home or the ones they were too cheap to pay for that say “Business cards are FREE at Vista Print” on the back.
Many investors don’t realize how important business cards can be. They think business cards are made for one reason only… to give people the ability to contact you at some later date.
Most investors overlook the importance of having a professional business card that accurately reflects their brand. After all, business cards are often the first item prospects receive from you and are your first opportunity to make a strong first impression on them – positive OR negative.
Your image, reputation and credibility are everything in this business!
Is Atlanta’s Real Estate OK or is Atlanta Burning?
Posted on May 31, 2013 byFirst-quarter results of the Atlanta real estate market are in! If you’re an investor who is determined to buy real estate right now, while things are hot, then this information is definitely for you!
So let’s get down to – or into – business!
Make no mistake:
The Atlanta real estate market isn’t just hot – it’s burning
– and YOU can be successful more now than ever.
As I predicted in January, the market has turned, and the news media is being positive. There are markets/price points that are hot, and the competition—your competition–is cash. Experienced investors are hungry! They can’t get enough property. I’m excited–how often do you get to sell everything you touch?
But to be successful, you must be accountable. You need to have answers if you’re going to succeed:
- Where are YOU as an investor right now, in this market—the one we have all been waiting for?
- Are you where you want to be?
- Are you asking yourself questions and, if you are new to this, are you asking the right questions?
How We Financed The Deal
Posted on May 31, 2013 byOur last column sure brought in a ton of calls and emails! In that column, we explained how last month we found, closed and financed a home in just three days by knocking on sellers’ doors – and didn’t use any of our own money. (Click here for the article titled “What’s Old is What’s New”)
Here are the most common questions we were asked: What is a private-money lender and how do you find them? Why do private-money lenders lend to you? How are private-money lenders secured and paid?
More than a decade ago, Kim and I learned that a bank isn’t the only place to get a mortgage. There are individuals who will loan you their own money and fund your deals.
While banks can be a good source of long-term financing, they require a mountain of paperwork and take weeks to verify your information. It often takes a month or more to get an institutional loan. On the other hand, when dealing with a private-money lender (PML), because we’re dealing with a real person and the purchase property is being used as collateral for the loan, we’re often able to get immediate funding and close within a day or two. This is exactly what happened with our April purchase. Read More→
Open Source Apps: Cheap Can Be Great!
Posted on May 31, 2013 by“Without a sense of teamwork I think it’s really hard to build a great business.”
~ Martha Stewart
Sticker shock. I don’t know about you, but I’m feeling it these days. In the doctor’s office, at my kid’s college, and at the grocery store.
Business expenses are going up, too. Have you priced Microsoft Office Pro lately? Ouch! But it would be almost impossible to run a business these days without it. Sooner or later, you’re going to have to cough up the bucks to get it.
Or are you?
Maybe not, thanks to something called “open source.”
What the heck is open source? It’s software that’s created and improved by anyone who wants to pitch in, and it’s free for anyone who wants to use it. This is very different from the usual corporate model, where software is written in secret with lots of copyright lawyers hanging around the water cooler.
Open source is kind of a philosophy. The idea is that when you’ve got a talent pool made of the entire human race, instead of just a limited number of in-house professionals, innovations come more quickly, and bugs are eliminated faster. Everyone can contribute, and everyone can use it free, for any purpose. Read More→
Due Diligence on a Potential Deal or Partner
Posted on May 31, 2013 byIt is impossible to outline a single set of guidelines for due diligence, but here is a basic checklist, in no particular order, to begin your due diligence with a deal presented by another investor (referred to as offeror here). No money or commitment should change hands until you have satisfied at least this preliminary checklist. After all, you spent a significant period of time making your hard-earned money; don’t throw it away in 30 minutes. Unfortunately, this happens all too often. In many cases with experienced investors who should know better.
- How well do you know the person offering you the deal? What is their reputation? Get names of other investors the offeror has done business with and talk to those along with other investors you know about their experiences or knowledge of this person. If you don’t know those investors, find out about them as well. Put more stock in the experiences of those investors who have been dealing with the offeror for years rather than a short period of time and have done several completed deals with them. What were their deals? Did they work out as expected? Did they check out what the offeror said? Did they receive the proper paperwork? Don’t rely solely on offeror’s references. A recent study showed that 40% to 60% of resumes have false references. You need to have independent references as well. For example, check with the president of a REIA local to where the offeror lives. Ask others in investment groups or classes where you met the offeror if they know him and his ethics. You can’t get too many references.
- Ask the offeror about their experience and history. Ask what you will find if you run a credit-check or background check. You ask tenants and borrowers for this information, why wouldn’t you with someone with whom you are thinking about investing. Then run their credit, civil and criminal background checks. I once did due diligence on a fellow where everything checked out until I ran a background check for $40 to find he was in bankruptcy. Check the Secretary of State’s website for any entities the offeror may control or be associated. Then Google search those entities as well. What do you find? Read More→
