Atlanta Real Estate Investors Alliance Blog
Mike Warren
Posted on October 15, 2012 byMike Warren is a nationally known author, investor, and instructor specializing in investing in judgments and liens which are secured by real estate. Mr. Warren holds a double MBA in real estate and finance and is CEO of a diversified investment and consulting firm.
Mr. Warren started in the business of collecting judgments and liens many years ago when he was presented with the opportunity to buy a judgment attached to an investment property for $1,000. What resulted would forever change his financial future. He very quickly was able to collect on the judgment making an astounding $7500 profit without the assistance of an attorney! This simple investment opened the doors to a wealth of opportunities.
Mike Warren is a real estate investor who is an expert in the field of judgments & paper investing. Mike is the founder of a website dedicated to teaching wealth principles one student at a time. Mr. Warren has authored several books and has appeared on radio and TV. He speaks to both small and large groups internationally and throughout the United States. Mr. Warren is also co-host of the popular radio show “Millionaire Smackdown”. Read More→
Patrick James
Posted on October 15, 2012 byPatrick James is President and CEO of Tax Strategies and Solutions, Inc., and has dedicated his entire career to helping people create and preserve wealth through knowledge. His business expertise was instrumental in launching U.S.ITAP, a tax reduction program. For over 10 years, Patrick has traveled the country teaching tens of thousands of people how the tax code really works and what they can do to minimize their tax burden by taking advantage of every possible tax deduction in order to minimize tax liabilities and maximize tax deductions. Read More→
Tax This! It’s Your Money, Not the IRS’s!
Posted on October 15, 2012 byTrue Stories from United States Income Tax Audit Protection
Janitorial Business Operator Cleans House
CM was the victim of an IRS audit. While she was busy operating her large janitorial business, she left her books and records to the hands of her trusty accountant. As luck would have it, her “less than competent” accountant had no solid documentation of her business transactions, and the IRS was now claiming she owed more than $2.5 million in back taxes, penalties, and interest.
That’s when CM found US-iTap.
Through a process called an “offer in compromise,” US-iTap was able to convince the IRS and the State of Colorado to drop the $2.5 million in tax liabilities in exchange for $1,000 each.
Needless to say, CM was ecstatic with the results. Not only did US-iTap help her with her tax situation, his guidance led her to a new career. “I am now beginning a successful real estate business as the result of US-iTap help and advice,” comments CM. Read More→
Active Investor Group Meeting for October 2012 with Michael Keefe
Posted on September 29, 2012 byWhen was the last time you got to hear from a real, in the trenches advanced investor? One who is prospering in these challenging times? Join us to hear a 14 year investing veteran shares his Tax Deed Strategies as well as his take on in-town properties. You’ll learn learn how to purchase a deed for pennies on the dollar. Learn to purchase vacant lots at fire sales. Learn to get excellent returns on your investment with no tenants and no toilets.
Michael Keefe will be our speaker for this month’s Active Investor Group on Monday, October 1st at 3:00 PM at Total Wine & More located at 124 Perimeter Center W (see map), where he will be sharing information on the very lucrative investment strategy of purchasing tax deeds. He will discuss how to find, evaluate, and purchase tax deeds and explain how to avoid the common pitfalls in the bidding process . Tax sales are a special real estate investing niche utilized by advanced investors. We are lucky to have Michael share his vast experience in this little understood arena.
Michael Keefe is a specialist in buying tax deeds in Georgia. With 14 years experience in delinquent tax investing real estate business, he has been involved in over 900 tax deed purchases totaling over $26 million. As an active real estate investor, Michael has also purchased REO’s, wholesaled properties, rented, lease purchased, etc. Michael currently manages over 250 properties.
Webcast Replay: An Evening with Real Estate Expert Alan Cowgill
Posted on September 27, 2012 byon September 20th, 2012, real estate investor, author, national speaker and trainer and private lending expert, Alan Cowgill joined us for a very special Evening with a Real Estate Expert Webcast. On this webcast, we introduced our attendees to Alan, talked about how he got started in the real estate investing business, and talked about how he and his students raise and use private money to buy all of their single-family houses, commercial buildings, apartment complexes or other investment properties regardless of their cash on hand, credit or financial situation.
Alan also talked to us about his upcoming visit to the Atlanta REIA Main Meeting on Monday, October 1st and what he will be sharing, as well as his full day Private Lending Workshop he will be doing on Saturday, October 6th. Please watch the webinar replay and join us at our main meeting and the workshop to learn more about how to raise all the private money you need to fund your real estate deals! Read More→
The Profit October 2012 Edition
Posted on September 25, 2012 byThe October 2012 edition of The Profit, the official newsletter of the Atlanta Real Estate Investors Alliance (Atlanta REIA), is now ready for download in high or low resolution format. Read and enjoy a variety of articles on real estate investing and more from Alan Cowgill, Deborah Harris, Bob Massey, Jeff Nix, Don DeRosa, Larry Harbolt, Russ Hiner, Jim Hitt, Robyn Thompson, Erven Kimble, Michael Vazquez, Tony Pearl and Mike Barnes. And don’t forget, Atlanta REIA Business Members can advertise in The Profit at deeply discounted rates.
Why You Need Private Money
Posted on September 25, 2012 byThe topic of Private Money is near and dear to my heart. When I started my real estate investing career many years ago, I heard about the necessity of finding private lenders. In fact I even found two. But then I stopped. For four years I PROCRASTINATED. I didn’t get it!!! For four years I continued to go to banks and jump through their hoops in order to fund my deals. I also had used hard money lenders, but found them very expensive.
It wasn’t until I quit my J.O.B. and found that banks wouldn’t loan me money that I realized that I needed to bring private lenders back into my life quickly. When I took that step, everything changed for the better.
What are some of the advantages of using private money for your real estate investments? Well, if you haven’t decided whether or not to use private money, I decided to lay it on the line here for everyone to see. Read More→
Uncovering the Secrets of Marketing To Motivated Sellers
Posted on September 25, 2012 bySeveral years ago, I attended my first real estate seminar and decided this was the business for me. I could do it in my own time and at my own pace and still make money. Considering I was still working a full time job at the time, this seemed to be just the scenario I was looking for. One of the things they taught us in those seminars was that finding truly motivated sellers was going to be the cornerstone to this business because without motivated sellers there simply are no deals to be made.
After spending a number of years in sales prior to becoming a real estate entrepreneur, I knew that when the prospect contacts you first, you have a much better chance of making a good deal. At the time I didn’t have a lot of money to work with and needed to make every marketing dollar count.
I discovered the same theory applied to working with motivated sellers. A motivated seller is the key to all good deals, and if they contact you first, this significantly increases your opportunity to make a profitable deal. There are lots of opportunities for those who want to find sellers, and some are more labor intensive and time consuming than others. Learning to influence motivated sellers to contact you first will increase your profits immensely, help you make better deals and most importantly save you valuable time. Read More→
Appreciation is Returning to The Real Estate Market in Atlanta
Posted on September 25, 2012 byAs a veteran real estate agent in the Atlanta Market for over 30 years (Yes, I started in real estate when I was 12), the current market is the darnedest thing I have ever seen. First and foremost, listing inventory is down by 36% from May 2011, sending home values up 2.35% from March 2012 for the first time, and, above the national average of 1.3% according to the Case-Shiller Report of June 2012. These new numbers indicate a firming of the market in a positive direction. Is this a signal that the metro Atlanta real estate market will continue to show signs of improvement for sellers? With an extended period of low inventory since last year, Buyer activity is strong. In 2012, Trendgraphix reports closed sales up 15% compared to 2011. At the same time, the pace of pre-foreclosures (notices of default) and foreclosures has slowed. For the past three months, RealValuator reports that market sales (resales, new homes) have outpaced bank-owned sales.
Recently, mortgage rates have dipped back to historic lows. The Fed has extended “Operation Twist” which is a program intended to keep 30-year rates low. But, mortgage rates are impacted by more factors than just interest rates. There are major legislative issues and other economic factors that could cause mortgage rates to rise. For example, the proposed legislation for QRM (Qualified Residential Mortgages) will require mortgage companies to hold back 5% in capital reserves for every loan. That is expected to be funded by higher mortgage rates. Right now, there is an incredible window of opportunity to buy the home of your dreams and set a future mortgage rate that we will not likely see again in our lifetimes. Read More→
Why Are Foreclosures Falling Off Sharply?
Posted on September 25, 2012 byOn an annual basis foreclosures have dropped 24% according to CoreLogic. Anyone who has been to a foreclosure auction lately knows that there are fewer sales of foreclosed homes coming through to market. Instead, lenders refinanced over 425,000 underwater loans under HARP in the first 6 months of 2012, the same number as were done all last year. Short sales are up also. According to RealtyTrac Q1 2012 short sale activity was up 25% over the year. Does this mean we’ve got the lenders on the run?
It appears as if lenders have finally gotten the message that it is better to resolve a distressed homeowner’s problems short of a foreclosure sale. The five largest lenders were brought kicking and screaming into the reality of settling with homeowners with the $25 billion mortgage settlement with the state AGs. Mid-level lenders, such as US Bank and MetLife, are also now negotiating for settlements on foreclosure irregularities. The settlement with the big banks provides incentives for lenders to push loan modifications and short sales ahead of foreclosure, particularly over this next year. Lenders are resorting to options short of foreclosure not because they have had a genuine change of heart, but because they are being forced to reveal their dirty linen through state investigations and a barrage of lawsuits. Read More→
Atlanta REIA Welcomes Advanta IRA Administration
Posted on September 25, 2012 byAdvanta IRA Administration, LLC is a self-directed individual retirement arrangement (IRA) administrator headquartered in Atlanta, Georgia. Self-directed IRAs give you the freedom to diversify your portfolio by broadening your investment choices to include real estate. In fact, over 70% of Advanta IRA clients invest in some form real estate including, rental properties, notes, rehabs, trust deeds and much more. By taking advantage of a self-directed IRA, you are completely in control of the investments you make.
Monte Smith is the Educational Director for Advanta IRA, offering seminars and webinars that cover the information and tools you need to get started self-directing your IRA. Please visit the Advanta website’s learning center to find out about the various plans available, rules & regulations, educational webinar schedule, seminar schedule, case studies and a comprehensive FAQ section. Read More→
Zillow: More Information for Me and for You!
Posted on September 25, 2012 by“An investment in knowledge pays the best interest.” ~ Benjamin Franklin
Remember when your dear Aunt Myrtle asked you to help her sell that Miami condo? You did the research, helped arrange some inexpensive upgrades, priced the home sensibly, and voila! It sold in a week and a half. Aunt Myrtle was so grateful she sent you homemade bread and cookies for a year.
But that was then. This isn’t your Aunt Myrtle’s condo market anymore, and it’s not just because of the Great Recession. While prices were hurtling downward, the amount and availability of information online was increasing like crazy. Databases that used to cost hundreds of dollars per year are now available to everyone for free. And that includes resources like MLS listings that used to be available only to real estate professionals.
Zillow is a great example of just how far online resources have come. Established in 2005 by economists, Zillow doesn’t just provide current home listings; it’s a one-stop shop that analyzes everything from the housing market as a whole to detailed information on single properties. The smart folks in charge have developed mathematical algorithms based on comps and other data, allowing Zillow to predict (or “zestimate”) the value of any property based on comps and other data. Enter an address, and there it is: Zillow’s zestimate of a property’s worth, along with pictures and details from the listing. Comps are even available. And a blog. And a mortgage calculator, and a lot more! The mobile version can also use GPS to find properties nearby. You can sit in your car in front of a house that’s for sale, look up the price, check Zillow’s value estimate, and then see what houses might be available just around the corner. If you happen to be a bird-dogger, Zillow is your best friend. Read More→