Atlanta Real Estate Investors Alliance Blog
A Solemn Ride to Spalding County
Posted on May 9, 2011 byIt was a quite, solemn ride to Spalding County just a couple days after the storms to help with the tornado recovery, but it just looked like another ordinary Saturday ride in the country. Having stopped and got my biscuit and coffee, I noticed the boats behind the trucks presumably headed to the lake, the bicycles on the carrier off for a spin, folks setting up their yard sales and others getting ready @ the local flea market. Everybody seemed busy going somewhere, doing something. Everything seemed perfectly normal.
I remember thinking if all these folks even REALLY knew what kind of damage there was just down the road from where they were. I mean we see the snippets and hear the sound-bites on TV and we’re wowed or whatever but did these folks REALLY understand? Did they REALLY know what needs there were just down the road? I even thought did they even care? Certainly if they knew they would do something. Right? Read More→
What’s Happening at Atlanta REIA – Week of May 9, 2011
Posted on May 9, 2011 byResponse to our current $50 Atlanta REIA Silver Membership Special has been overwhelming. If you haven’t joined Atlanta REIA yet, now is your last chance to Join for ONLY $50 for the entire first year! You can even add a spouse for ONLY $25 more! Thanks to our members, volunteers and local speakers and real estate experts, the Atlanta Real Estate Investors Alliance has quickly become the hottest real estate investor association in Georgia. If you are still not convinced, feel free to attend any of our monthly meetings and see for yourself. Below is a list of what’s happening at Atlanta REIA this week alone. For more upcoming events, be sure to check out our Events Calendar. We hope to see you at a meeting, networking event, workshop or webcast very soon! Read More→
Jeff Kaller
Posted on May 3, 2011 byA graduate of Appalachian State University, Jeff Kaller has been self-employed as a real estate investor, promoter and real estate trainer for many years. For 17 years he has successfully taught over 100,000 students his proprietary method of short sales. During his career, he has purchased and sold over 400 single family properties, and he and his affiliates have negotiated in excess of One Billion Dollars in short sale debt.
How Do I Fix This Mess?
Posted on May 3, 2011 bySince 2005, we’ve warned investors about the dangers of going to banks to get short-term financing on their real estate investing deals. (By “short-term financing,” I mean any financing with an adjustable interest rate and/or a term of less than 30 years.)
For the past six years, Kim and I have financed our deals through owner financing or using private money lenders – except for two idiotic, short-term bank loans we foolishly did in 2008.
I’m a real estate professional who is supposed to know what he’s talking about. So in 2008, when I claimed real estate values had bottomed out and that it was time to buy, I believed me. Read More→
What’s Happening at Atlanta REIA – Week of May 2, 2011
Posted on May 3, 2011 byWe had a great May Meeting last night at the W Hotel in Dunwoody. Attendance was high, participation was high and the energy was high! We had a great panel discussion with 3 attorneys (John Maurer, Fred Cross & Doug Shaddix) as well as 1 CPA (Eric Nicoll). They answered many excellent questions from the audience and now serve as a valuable, ongoing source of professional advice for our members and guests.
We also had a really fun “meeting after the meeting” at the Tilted Kilt Perimeter. Attendance was so high, we overwhelmed the wait staff, as we networked late into the night. Many did not leave until they turned the house lights on.
Atlanta REIA is helping make real estate investing fun and profitable once more for both new and seasoned investors. We want to thank all of our volunteers, members, guests and panelists who made it such a great night! We look forward to seeing you all the next Main Meeting and Late Nite Networking or at a subgroup meeting soon! Read More→
Fuller Center Helping Victims of Spalding County Tornado
Posted on April 29, 2011 byInstead of working on Project Lakewood this Saturday, April 30th at 9 AM, Mark Galey and other Fuller Center volunteers will be assisting the tornado victims down in Spalding County. Here is what Mark told us… “I just spoke with the Commission Chairman of Spalding County. They need our help. They need folks with chain saws, muscles and maybe even small skid steers to help a poor area of their county hardest hit. If you are available to spend a few hours or the day in Spalding County on Saturday please let me know as we are working out all the details with government officials and will finalize those by tomorrow.”
They are meeting at 9 AM on School Rd in Sunnyside Community of Griffin, GA just off Hwy 19/41. For more information, please call or text Mark Galey at 404-867-3258.
Debt is a Cancer!
Posted on April 29, 2011 byOn April 15, 2011, the Feds closed Bartow County Bank. It’s the third local bank to fail since the real estate bubble popped in 2006. And this isn’t just a local thing. The big boys have also been dropping like flies: LaSalle, Bear Stearns, Merrill Lynch, Wachovia, Washington Mutual, etc.
Here’s the irony: The feds forced these financial institutions to close because they carried too much debt. So what happened yesterday? The federal government had its credit rating down-graded because the government is carrying too much debt! (But who polices the police?)
In addition, Kim and I know plenty of real estate investors who have gone under in the last few years…and it’s not just investors who have tanked. So have a ton of realtors, mortgage brokers, bankers, contractors and builders! Read More→
Doug Shaddix
Posted on April 27, 2011 byDoug Shaddix grew up in the Atlanta area and graduated from Georgia State University in 1978. With a degree in Political Science, he worked for a congressman while attending law school until the election of President Ronald Reagan. Putting his law degree on hold, he moved to Washington, D.C. for eight years where he worked in International Trade at the Department of Commerce. After serving in the Reagan Administration, and other political and public policy positions, he returned to Atlanta and to law school where he graduated Cum Laude.
Having spent several years with the Atlanta-based law firm of King & Spalding, he left to practice law on his own in the area of asset protection and estate planning. His firm, Wealth Preservation Solutions, LLC, specializes in setting up corporations and limited liability companies, as well as a variety of trusts such as Revocable Living Trusts, Land Trusts, Charitable Remainder Trusts, Personal Property Trusts, Special Needs Trusts, Asset Management Trusts, ILITs, and other estate planning needs for his clients. Read More→
It’s Not About YOU, It’s About THEM!
Posted on April 27, 2011 byA common mistake real estate investors make when meeting with a seller is not listening – really listening – to what the seller says and how he/she says it (e.g. voice inflection and body language).
Frank, an investor in Marietta, Georgia, asked to spend the day with me. He wanted to watch me make offers to folks who had homes for sale. When I asked why, Frank said he was meeting with a lot of sellers but wasn’t getting a lot of deals. He wanted to find out what he was doing wrong.
I explained that to accomplish his goal, I needed to watch him make offers, not vice versa. Frank assured me he was doing everything right, but agreed to my terms. Read More→
Webcast Replay: Direct Mail Marketing with Kathy Kennebrook
Posted on April 22, 2011 byOn this Business Opportunity Webcast with Atlanta REIA Business Member and Marketing Magic Lady, Kathy Kennebrook, talks about how she made a seven figure income in just 12 short months using her unique direct mail strategies to locate motivated sellers. Learn how you too can do the same without leaving your desk or licking a single stamp! Learn how to significantly increase the number of sellers and deals you are doing in the best market there has ever been. Learn how to automate your marketing and deal only with the most highly motivated sellers practically begging you to take their properties off their hands. Learn all this and much, much more by watching or listening to the webcast replay below! Read More→
The Real Estate Junkie Webcast Replay for April 2011
Posted on April 22, 2011 byIf you are counting on the past real estate trends and regulations to help you close deals today, that is enough to put you out of business. The short sale industry is changing and if you don’t change, your short sales deals will fall apart. NO CLOSINGS = NO CA$H. What worked in January 2011 is not working now for Investors or Realtors. In order to allow your business to grow and be successful, you must also invest the time to “sharpen the saw” and renew the “mind” of your business for the sake of your business. The only guarantee we have is that change will always continue. The good news is that you don’t have to figure it out all on your own… Kimberlee Frank is here to help. Watch or listen to the webcast replay below for updated information on the most current and evolving industry changes and how they affect your business with Licensed Broker, Investor and Short Sale Expert, Kimberlee Frank! Read More→