Atlanta Real Estate Investors Alliance Blog
The Three Faces of Foreclosures
Posted on March 8, 2011 bySo you want to invest in residential foreclosures? Not sure quite where to start? It is helpful to understand first that there are three faces to “foreclosures”, each with very different characteristics.
The first face of foreclosure investing is the “pre-foreclosure”. The pre-foreclosure period begins when a homeowner gets behind on his or her loan, and ends with the foreclosure sale. The pre-foreclosure phase itself is divided into two stages.
The first stage covers the period of time beginning when the homeowner misses their first mortgage payment, and ends in the final month preceding the impending foreclosure sale. During this time if a homeowner is not already marketing their home, it will be up to the investor to reach out to and find these distressed homeowners through ads (“We buy homes fast” and “We have CASH for homes”) and networking.
The second stage occurs during the final month leading up to foreclosure. The precise laws differ from state to state, but most states require some form of public notification of a pending foreclosure. Investors can seek out these notifications, and many have ample contact information for the investors to approach the distressed homeowner. Many larger communities have a number of online and subscription services which compile the pending foreclosures in a specific geographic range. You can also network within your local real estate investors association and/or do an internet search (e.g. “foreclosure listings in order to find these publications and services). Read More→
Pete Youngs & Don DeRosa’s Investor Bonanza 5 Day Boot Camp
Posted on March 7, 2011 byIt’s a real estate market that’s literally making Millionaires…
Shouldn’t you be one of them?
Of course you should. Learn how! Spend Five Days with some of the most successful, experienced, straight-talking real estate educators in the country. Join “real guys” Pete Youngs and Don DeRosa for this one of a kind boot camp, and you’ll walk away with EVERYTHING you need to know to gain financial independence through Real Estate investing.
Learn to BUY, REHAB, MANAGE, and SELL
ALL of the houses you can handle!
INVESTOR BONANZA
March 16-20, 2011
Wyndham Garden Atlanta Airport Hotel
5010 Old National Highway
College Park, GA 30349
Whether you’ve bought 50 houses or want to buy your first,
this boot camp is a MUST ATTEND event.
Where To Get The Money Now Conference on March 19, 2011 with Jay Conner & Ron LeGrand
Posted on March 7, 2011 by
Join Jay Conner & Ron LeGrand in Atlanta on March 19th for the “Where to Get the Money Now Conference” sponsored by Atlanta REIA. The special for this training event is only $99 for Atlanta REIA Members and $49 for their guests.
“Where To Get The Money Now Conference on March 19th”
DoubleTree Atlanta NE/Northlake
4156 LaVista Road, Tucker, GA 30084
Event Starts at 8:00 AM Sharp and ends around 5:00 PM
The iPad: Everything You Need, When You Need It… in One Place
Posted on March 6, 2011 byCome to the Atlanta REIA Main Meeting on March 7th at the W Hotel Atlanta Perimeter for a SNEAK PREVIEW to find out how the iPad gives you a HUGE competitive advantage and all the confidence you need in your real estate investing business.
See Don DeRosa and Pete Youngs show you how the iPad will totally change the way you do business…saving you countless hours of time, and giving you access to everything you need to run your real estate investing business, wherever you are.
With the simple iPad apps at your fingertips, see how you’ll get a lead, follow up immediately, evaluate the deal and decide whether to go on the appointment. Before your competition has booted up a laptop, found a Wifi Hot Spot, logged in to email and called the seller. Now that’s competitive advantage. Read More→
Real Estate Junkie Webcast on the FTC’s New MARS Rule
Posted on March 6, 2011 by
Is your business heading to MARS? Have you heard about the new mandatory short sale disclosures? Are you aware of how the new Mortgage Assistance Relief Services (MARS) rule is influencing your business operations? If not, you need to found out now! In November 2010, the FTC (Federal Trade Commission) published the final Mortgage Assistance Relief Services final rule (“MARS rule”). This rule took full effect on January 31, 2011. Whether you are a Realtor, Investor, Mortgage Broker, Seller… you need to know your rights and your obligations! MARS is fully enforced and we want to be sure you are using the new required disclosures and keeping your business in tip-top shape! This is “MUST KNOW NOW” information! Join us on the call for continuing education on the most current and evolving market changes… hear from Licensed Broker and Investor, Kimberlee Frank and Short Sale Expert! Join her on Tuesday, March 8th at 7:00 PM ET. Register for the Webcast Now!
How to Make Money at Foreclosure Auction!
Posted on March 6, 2011 by
These days, with so many BIG-PROFIT deals popping up at each month’s foreclosure auction, lots of real estate investors – both new and experienced alike – are asking how to successfully buy at the foreclosure auction.
Here are the main topics Bill and Kim Cook will cover at March’s Atlanta REIA West Meeting on Monday, March 28, 2011, from 6:30 to 9 PM at the Cherokee Cattle Company at 2710 Canton Road, Marietta, GA (map).
If you want answers to your questions like:
- How does the foreclosure process work in Georgia?
- How do you make sense out of the foreclosure ads in the legal section of the newspaper?
- What do you do when you’re out looking at foreclosure property? What do you say to a homeowner?
- How do you prepare for the monthly foreclosure auction?
- How do you finance your foreclosure deals?
- What are the biggest mistakes made – by both new and experienced investors – at the foreclosure auction?
- If you are the high bidder, what do you do next?
Bill and Kim will show you some of their foreclosure deals that went right AND went wrong! We’re talkin’ pictures, documents and numbers…you know, real-world stuff! Read More→
Are You Paying Too Much In Property Taxes?
Posted on March 6, 2011 by
Did you know that from 2007 to 2009, property values declined by 50 percent in the Atlanta metro area alone? Or, during that same period in Atlanta metro, home assessed values declined by 4 percent? According to a five part series in the Atlanta Journal Constitution, 7 out of 10 properties are over assessed. Tax assessment data is coming out over the next several months, and for many, it will be a nasty surprise. Ignoring the possibilities of over assessment could be costly. Property taxes are calculated by using the “assessed valuation”, which represents 40 percent of “fair market value”. This number is then multiplied by the “millage rate”. Millage rate is a number calculated by the tax commissioner’s office, in conjunction with the annual budget per the County Commissioners. The assessors do not determine the “millage rate”, as commonly believed.
When purchasing a property for rental, it is important to determine the tax assessor’s valuation. If it is low, chances are high that your property taxes will also be high. I recently spoke with an investor friend who discovered that the Property taxes on an anticipated rental property were unreasonably low. The prior owner had been in the property for a number of years and had old age exemptions as well. My friend figured out that the taxes would go up over $200 per month. What a surprise my friend would have had if he had not done his research! Read More→
How to Buy a Home for $101 – REALLY!!!
Posted on March 5, 2011 by
There Kim and I were, standing in front of the Bartow County Courthouse in Cartersville, Georgia, at the December 2010 foreclosure auction – freezing our tails off. We’ve been working the monthly foreclosure market since 1995.
Cheryl Bagby, the young lady who cries the foreclosures for McCalla Raymer, the largest foreclosing attorney in the southeast, had just finished reading the legal notice for a home in Acworth, Georgia.
It was a nice 3-bedroom, 2-bath home in a great location on about an acre of land. The home was rented to a tenant who was paying rent of $795 per month.
When Cheryl finished reading the legal, she said, “The opening bid for this property is $100. Are there any other bids? Going once, going twice….” What happened next will blow your mind! But you’ll have to read along a little further if you want to know how this story ends. Read More→
Today: The “Perfect” Time to Invest
Posted on March 5, 2011 byShould an investor swim or reach for a life preserver?
Just a few years ago, the number of real estate investors was growing by leaps and bounds; however, today many investors that were attracted to real estate in the early part of this decade due to skyrocketing property values have retreated to the sidelines. The market has been cooling nationwide, and so it seems has the appetite of many investors. The million dollar question is, are they right? Should other investors follow their lead?
To help answer this question, let’s look at a similar occurrence that happened in the late 1990s in the stock market. Stocks began to appreciate rapidly in the mid 1990s. In response, stock investment clubs popped up all over the country. The increased interest in the stock market drew more attention to stocks from previously inactive and novice investors. This brought more money into the stock market, which in turn drove prices even higher. The bubble burst on the stock market in the early 2000s. Stock investment clubs closed and interest in the stock market waned in response to the declining values.
The end of the bull market and start of a bear market in the early 2000s sent many of these new stock investors to the sidelines, just as real estate investors attracted to skyrocketing property values earlier this decade have also just recently retreated to the sidelines. As we asked above, are the retreating investors right? The answer is a resounding NO. Read More→
Mark Durham
Posted on March 5, 2011 by
Mark Durham has been studying and investing in real estate since 1982.
In 1980, Mark turned his lifelong love of tennis into a career and became a USPTA Certified Tennis Professional. He moved to Florida to start his tennis career.
Mark became interested in real estate in 1982, and began studying and investing in real estate at the same time he was advancing his tennis career.
Mark moved back to Georgia in 1986 and opened Tennis Atlanta, a company that provides tennis services to private and public tennis facilities. He continued to study and invest in real estate while running Tennis Atlanta. Read More→
What’s Happening at Atlanta REIA – March 7, 2011
Posted on March 5, 2011 bywith Don DeRosa & Pete Youngs on iPad Investing
Mon, Mar 7th at 5:30 PM at the W Hotel Perimeter
Come to the Atlanta REIA Main Meeting on March 7th at the W Hotel Atlanta Perimeter for a SNEAK PREVIEW to find out how the iPad gives you a HUGE competitive advantage and all the confidence you need in your real estate investing business. See Don DeRosa and Pete Youngs show you how the iPad will totally change the way you do business…saving you countless hours of time, and giving you access to everything you need to run your real estate investing business, wherever you are.
Tue, Mar 8th @ 7:00 PM
Are you aware of how the new Mortgage Assistance Relief Services (MARS) rule is influencing your business operations? If not, you need to found out now! In November 2010, the FTC (Federal Trade Commission) published the final Mortgage Assistance Relief Services final rule. This rule took full effect on January 31, 2011. Whether you are a Realtor, Investor, Mortgage Broker, Seller… you need to know your rights and your obligations! This is “MUST KNOW NOW” information that will be covered on the Real Estate Junkie Webcast on Tuesday, March 8th at 7:00 PM ET. Register for the Webcast Now!
Tue, Mar 8th @ 7:00 PM
The East Point Subgroup takes place on the 2nd Tuesday of each month from 7:00 PM to 9:00 PM at Giovanna’s Italian Kitchen located at 1375 Virginia Ave in East Point, GA. The meetings will cover many areas of real estate investing and offers many opportunities of participation by all attendees. Atlanta REIA members can guest can attend at no charge.
Wed, Mar 9th @ 6:30 PM
The Creative Financing Group (CFG) is a new Atlanta REIA educational and networking subgroup led by Mark Durham that is designed to teach real estate investors Creative Financing Strategies for buying, selling and leasing real estate. The group will cover Creative Financing Strategies such as Owner Financing, Subject-To, Lease Options, Lease Purchase, Partnerships, Self-Directed IRA’s and much more! The group meets on the 2nd Wednesday of each month from 6:30 PM to 9:00 PM at Champps Americana located at 7955 North Point Parkway in Alpharetta, GA. Atlanta REIA Members can attend at no charge and guests for $5.00.
Thu, Mar 10th @ 1:30 PM
This meeting is a weekly investor’s brainstorming and deal making jam session hosted by Joe Thompson and held at 5 Seasons Brewing located at 5600 Roswell Rd (map) inside the Perimeter at the “Prado” in Sandy Springs from 1:30 PM till approximately 3:00 PM. This group is all about doing deals and making money right now.
Thu, Mar 10th @ 3:30 PM
The Small Business Group is a new educational subgroup, hosted by Karen Bershad, that is designed to help real estate entrepreneurs and other small business owners run their business more efficiently and profitably. The group meets on the 2nd Thursday of each month from 3:30 PM to 5:30 PM at the 5 Seasons Brewing at the “Prado” located at 5600 Roswell Rd in Sandy Springs, GA inside the Perimeter. On March 10th, we will cover developing systems and a specialized filing systems for REI’s and time management. Having systems in place is directly related to time management.
Thu, Mar 10th @ 6:30 PM
So many properties have been foreclosed on and repossessed by the banks which are using “ballroom auctions” to liquidate the extreme excess of properties they have in inventory right now. Many times these REO’s sell for 40-50-60 cents on the dollar! There are some incredible deals to be had at these auctions, but you MUST know what you are doing to play in this game. The deals are plentiful if you know what to look for and what to avoid.
Come join us on Thursday, March 10that 6:30 PM at the Atlanta REIA South Monthly Meeting at Ryan’s Restaurant located at 5425 North Henry Blvd in Stockbridge, GA (Map) where Leslie Mathis will take you step-by-step through what you can expect, and more importantly, what you need to know, to successfully buy REO Properties at these ballroom auctions. She will even cover a couple of strategies that will allow you to make quick cash without long-term ownership, simply by putting these properties under contract, then finding investor-buyers for them. Get paid thousands of dollars in just 30 to 45 days!
Sun, Mar 13th @ 6:30 PM
Cashflow Game Night is a meetup where individuals can learn to take control of their financial future by playing Robert Kiyosaki’s educational Cashflow 101 and Cashflow 202 board games. The Cashflow Players Group meets again on Sunday, March 13th at 6:30 PM at the Cherokee Cattle Company located at 2710 Canton Road in Marietta, GA (map). Atlanta REIA Members play for FREE. Come eat, drink, play and network with us!
INVESTOR BONANZA
with Don DeRosa & Pete Youngs
March 16-20, 2011 in Atlanta
It’s a real estate market that’s literally making Millionaires… Shouldn’t you be one of them? Of course you should. Learn how! Spend Five Days with some of the most successful, experienced, straight-talking real estate educators in the country. Join “real guys” Pete Youngs and Don DeRosa for this one of a kind boot camp, and you’ll walk away with EVERYTHING you need to know to gain financial independence through Real Estate investing. Learn to BUY, REHAB, MANAGE, and SELL ALL of the houses you can handle! Atlanta REIA Members get a HUGE discount for 5 full days of training! Read More…
Whether you’ve bought 50 houses or want to buy your first,
this boot camp is a MUST ATTEND event. Register Now!
Where To Get The Money Now Conference
with Jay Conner & Ron LeGrand
March 19th, 2011 in Atlanta
Join Jay Conner & Ron LeGrand in Atlanta on March 19th for the “Where to Get the Money Now Conference” sponsored by Atlanta REIA. The early bird special for this training event is only $75 for Atlanta REIA Members and $25 for their guests until March 11th. That’s right, for only $75 Jay will teach you the secrets he used to raise $2,167,333.00 in Private Money in only a few short months. Read more about what you will learn and all of the included bonuses.
Register now and save $25 before the early bird special expires!
Courthouse Field Trip
with Gordon Catts on March 25th, 2011
Learn insider secrets of locating property, lenders and other investors, as well as how to research ownership and mortgage information, sales prices, liens and judgments, etc. We will take an actual tour of the courthouse! Courthouse records are easily accessible and offer a variety of opportunities. Read More…
Register now and save before the early bird special expires!
How to Determine Property Values Workshop
with Gordon Catts on March 26th, 2011
“What is the property worth?” This workshop is all about determining accurate property values before you buy so you don’t end up paying to much for an investment property. Sources of “comparable” information will be identified. “As-is Value” will be discussed. We will examine methodology for determining what an investor should pay for a property so you pay too much! Read More…
Register now and save before the early bird special expires!
Bill & Kim Cook
Posted on March 1, 2011 byBill and Kim are a husband and wife real estate investing team. Bill creatively constructed his first deal in 1990, and he’s been helping other investors do the same since 1997.
Their investment portfolio consists of single-family rental homes, mobile homes, a small mobile home park, plus notes and options.
They built their business square on the back of knocking on homeowner’s doors. Why? Because it’s the fastest, cheapest and most effective way to get face-to-face with homeowners and make written offers.
Their core belief is that real estate investing is not about buying, selling or renting houses. It’s about helping people solve their real estate problems. Read More→
