Atlanta Real Estate Investors Alliance Blog
The 800 Pound Gorilla
Posted on August 3, 2011 by
Although 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→
One BIG Check or Lots of Little Checks?
Posted on August 2, 2011 by
Lonnie 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 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 REIA – Week of August 1, 2011
Posted on August 1, 2011 by
This 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→
How to Find Private Money Lenders at Cash Cow Commercial Group
Posted on July 27, 2011 by
This 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!
The 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 REIA – Week of July 25, 2011
Posted on July 25, 2011 byAtlanta 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→
The Beginning Investors Group Starts This Wednesday at 6PM
Posted on July 25, 2011 by
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→
Don’t Miss the Atlanta REIA West Meeting Tonight on Determining Property Values
Posted on July 25, 2011 by
Just 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
If 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→
Determining Property Values at Atlanta REIA West on July 25, 2011
Posted on July 24, 2011 byDo you know how to determine accurate property values in today’s market? If you are getting ready to buy a property, do you know what it’s worth? There seems to be a lot of confusion on what constitutes a “comp” or comparable. With short sales and foreclosed properties making a large impact on current market values, it’s critical to know have to evaluate property values so you can avoid paying too much in this buyers’ market.
At this month’s Atlanta REIA West Meeting on Monday, July 25th at 6:30 PM at the Cherokee Cattle Company located at 2710 Canton Road in Marietta, Gordon Catts will be discussing what constitutes a comp, how to quickly determine a property’s value as well as providing valuable resources to help you find comparables. We will be discussing… Read More→
RSVP For a FREE Vendor Table at August 1st Main Meeting
Posted on July 23, 2011 byHello Atlanta REIA Business Members!
I wanted to personally invite you to attend and participate in our upcoming Atlanta REIA Main Monthly Meeting on August 1st at the Atlanta Perimeter Hotel & Suites (formerly the W Hotel Perimeter) located at 111 Perimeter Center West. As an Atlanta REIA Business Member, you can participate in our Main Meeting in several different ways:
- Vendor Tables. We are giving away ten (10) vendor tables at NO CHARGE if you pre-register by Midnight on Friday, July 29th. These tables are being given away for FREE this month to Atlanta REIA Business Members on a first come, first serve basis. DON’T WAIT until Friday to register since these 10 tables will be gone by then! REGISTER NOW at and use coupon code FREETABLEto RSVP for your vendor table at no charge this month!
PLEASE NOTE: This FREE Offer is for Atlanta REIA Business Members Only. - Read More→
Learn How to Buy Ugly Houses and Make Them Pretty Again
Posted on July 23, 2011 byBuying Ugly Houses & Making Them Pretty Again at Rehabbing 101 Workshop
Attention New & “New Again” Real Estate Investors,
This Saturday, July 23rd, is our next installment in the Atlanta REIA 101 Real Estate Investor Training Series where local and national real estate experts teach you the core fundamental strategies and techniques you need to know to successfully invest in many of the different real estate investing profit centers that we all want to learn more about.
This Saturday, July 23rd, local and national renovation expert, “Mr Rehab”, Pete Youngs, is teaching the Atlanta REIA Rehabbing 101 Workshop for all those of you interested in buying ugly houses, making them pretty again and selling them for a reasonable profit or holding them for long term cash flow and appreciation. Of all the different types of real estate investing, rehabbing is perhaps one of the most straight forward, easy-to-understand and most emotionally and financially rewarding investment strategies. Anyone can do it with or without a lot of previous experience. The concept is simple…
- Find and purchase an ugly house in need of repair for far less than market value due to its as-is condition with cash, private money, hard money or credit.
- Fix up the house keeping the quality of the repairs high and the cost of the repairs low so you can quickly find a new tenant or buyer.
- Quickly sell or rent your newly renovated property for maximum profit and/or long term cash flow and other benefits.
- Repeat the process as often as you like.
Join us this weekend to learn how to do this and much more. Register now!
Atlanta REIA Gold Members can register now for ONLY $10, Silver Members for $15 and Guests for $20.
Rehabbing 101 Workshop
July 23rd at 9AM at 1960 Skylar Hill Dr, Ste D, Buford, GA
Click here to learn more about the jam-packed Rehabbing 101 Workshop.
