Atlanta Real Estate Investors Alliance Blog

Who’s Plugging into Your Business?

Social Media and Identity TheftSocial networking sites have exploded in popularity in recent years, as it provides a fun, convenient way to remain connected with friends and family, and also provides a novel avenue for corporations to connect with consumers. However, organizations must be well-versed in the underlying risks of this form of communication, and should proactively approach management of these sites from both a security and employee usage standpoint.

Do you know the 5 different types of Identity Theft?

Learn more at the Small Business Group
August 11th at 3:30 PM
5 Season’s at the Prado

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Super Smart High Tech Home Buying & Selling WorkshopOn August 2, 2011, Dustin Griffin hosted the 2nd installment of the Super Smart High Tech Home Buying & Selling Workshop Series for 2011 which is being held online and recorded for the first time ever. In Part 2 of this workshop, Dustin covered how to setup and use your domain specific emails and check them online with SuperSmartDomains.com webmail or with Microsoft Outlook. Anyone can attend this live workshop for FREE by registering here and Atlanta REIA Members can login here and watch the Workshop Replay below. Read More→

What's Happening at Atlanta REIAWe have another great week of networking at educational opportunities at Atlanta REIA this week! We have an investor round table on Wednesday a the Creative Financing Group. On Thursday, we have a Haves & Wants deal making meeting, a Small Business Group meeting on internet privacy and the Atlanta REIA South Meeting on determining property values. Come join us! Read More→

The 800 Pound Gorilla

Posted on August 3, 2011 by

Shadow InventoryAlthough the drop in default rates shows promise, the amount of shadow inventory still creates a dark loom over the future of housing prices, according to latest results from Standard & Poor’s U.S. Residential Performance Index. The shadow inventory of unresolved distressed properties is currently at an estimated $405 billion, representing a four-year housing inventory and one-third of the outstanding U.S. non-agency residential mortgage debt. The report states that full recovery will only occur once the supply of distressed properties shrinks to less than a quarter of the current volume. Additionally, the monthly liquidation and cure rates are at about 2.5%. This is due to an overall resolution rate of 5%, where these rates have lingered in the past nine months. The slowing first default rates allows borrowers to resolve loans and clear out the inventory instead of defaulting and adding additional units to the current inventory. Read More→

Mobile Home ParkLonnie Deals are among our favorite – and most profitable – creative real estate investing deal structures.  What’s a Lonnie Deal?  It’s when you buy a mobile home in a mobile home park for cash and then resell it with owner financing.   Lonnie Scruggs invented this technique, and that’s how it got its name. 

Lonnie got into real estate investing in 1971 at age 41.  He mainly bought single-family homes and rented them out.  In 1986, because he was tired of being a landlord, Lonnie decided to get into the note business.  Problem was, it was hard finding good notes to buy. Read More→

Deborah Harris

Posted on August 1, 2011 by

Deborah HarrisDeborah Harris moved to Atlanta in 1965 as a small child. After attending Georgia Tech, she went straight into real estate. Now, 30 years later, she still loves watching the constantly changing landscape of both the city and the real estate business. Although truly a “people person”, getting the deal closed is Deborah’s claim to fame.

In today’s demanding real estate climate, Deborah thrives with the new business expectations, teaches real estate, and is always ready to help with people’s buying, selling, or investing needs. She is an agent who cares, stays ahead of the technology curve, and is totally knowledgeable about Atlanta. Our team meets the client where technology and real estate connect. Let us help you with your real estate needs. Read More→

What's Happening at Atlanta REIAThis week is our Atlanta REIA Main Meeting for August. Come join us at the meeting for vendors, haves & wants, an Atlanta Real Estate Market Update and a training session on “Nuclear Negotiation Tactics” with local real estate expert Russ Hiner. After the Main Meeting will the “meeting after the meeting” at the Tilted Kilt. We’re also having Saturday in the Park this weekend. Come join us! Read More→

Cash Cow Commercial Real Estate Group
“How to Find Private Money Lenders” (Part 3)
Get an Appointment with a Lender in Minutes

Steve BrownThis month’s Cash Cow Commercial Group Meeting, on Thursday, July 28th at 11:30 AM, is Part 3 of a 7 part series on “How to Find Private Money” to fund your commercial and residential real estate deals.In Part 1, Steve Brown covered how to discover private lender leads a the courthouse. In Part 2, he covered how to structure your deal before you present it to your potential lender. In Part 3 this month, Steve is going to show you how to talk with people you meet, pre-screen them quickly and how to talk to them for a minute or two to get an appointment with them to talk about your deal and getting the money. Steve is going to give you a script and show you how he used his business cards to generate lender interest and get appointments. If you need private money to fund your deals, this is yet another excellent meeting that you don’t want to miss!

Atlanta REIA Commercial Real Estate GroupThe Cash Cow Commercial Real Estate Group is a new educational and networking subgroup led by Steve Brown for new, intermediate and advanced investors with a serious interest in purchasing commercial real estate. The group meets on the 4th Thursday of the month at 11:30 AM at 5 Seasons Brewing located at 5600 Roswell Rd (map) just prior to the Haves & Wants Meeting. Read more→

What's Happening at Atlanta REIAAtlanta REIA Members and Guests like to get together often to eat, drink, learn, network and have fun and this week is no exception! This week we have many educational and networking special interest groups that take place at lunch or dinner time. Come out and join us and let us help you take you real estate investing to the next level and beyond! Read More→

Beginning Investors Group (BIG)Have you been a “real estate investor” for several months or even years without doing your first deal? What is holding you back? Fear? Lack of money? Credit Problems? Lack of Focus? Are you afraid you will screw it all up? If so, there is a new investor group for you… “BIG”, the Beginning Investor Group! This group focuses on the defeat of fears, or act in spite of them to do that very important first deal.  We want to help you break through those mental barriers. Inspire you to act. Crystallize your focus.

BIG meets once a month, the fourth Wednesday of each month and our first meeting is on Wednesday, July 27th at 6:30 PM at 5 Seasons Brewing in The Prado in Sandy Springs. We will have experienced local investors speaking on relevant topics to help unlock that mental block. We will also have mentors that can take you by the hand and walk you through that first deal. Read More→

Gordon CattsJust a quick reminder to join us at Cherokee Cattle Company TONIGHT at 6:30 for the West Meeting of Atlanta REIA! We are in for a really special treat with our guest speaker Gordon Catts, who has absolutely a wealth of knowledge about the real estate investing business. He has been investing in Atlanta real estate for many, many years, and is a HUGE part of the strong backbone of our ATLANTA REIA. He will speaking on “How to Determine Property Values In Today’s Market”. Do you count the foreclosures when determining comps? How far back do you go to pull the comps? What services are available out there, both free and paid, that are reliable sources for comps? He’ll be answering these questions and more tonight! Think we can learn something from him? I know I’ll be there with pen and paper, taking all the notes I can! This is not to be missed! Click here for more details. Read More→

How to Appeal Your Property Taxes

Posted on July 25, 2011 by

Tax Bill - Property TaxesIf you own real estate in Georgia, then you probably just received an Annual Notice of Assessment from your county’s Tax Assessors Office.

If you are like most property owners, you have four basic questions:  1) What is the Tax Assessors Office?  2) What is an Annual Notice of Assessment?  3) How are property taxes determined?  4) Can I get my property taxes lowered?

The Tax Assessors Office is misnamed!  It should be called the Property Appraisers Office – ‘cause that’s what they do.  They determine a property’s fair market value (FMV).  They don’t set tax rates.  Who sets your tax rates?  YOU DO!  Elected officials – the folks YOU elect – set YOUR tax rates.  Think your taxes are too high?  Blame your elected officials, not the Assessors Office! Read More→