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Rehabbing Your Way To Millions

Posted on October 3, 2017 by Kathy Kennebrook

In just about any real estate market I believe that there are a lot of great ways to make a fortune in real estate and one of those ways is to rehab and sell properties quickly. This is a strategy I implement on a daily basis in my own Real Estate Investing business.

There are some excellent resources for you to use to find vacant, ugly properties to rehab and sell in virtually any price range. One of those ways is to simply use targeted direct mail campaigns like I do to find motivated sellers of ugly vacant properties or estates.

This is a great way to find highly motivated sellers who need to sell quickly and there are great deals to be made for pennies on the dollar. Remember, your profit is made when you buy a property. Read More→

Real Estate IRAs – Special Considerations for Vacant Properties

Posted on October 3, 2017 by Jim Hitt

We are seeing more interest among real estate IRA enthusiasts in purchasing distressed and vacant properties. Many times, the real estate IRA investor can purchase a promising vacant property at a substantial discount to its intrinsic value, which make these properties attractive value investments – especially for those real estate IRA investors who have the capital to upgrade these properties and make them once again attractive to tenants at a reasonable rent.

But as long as a property is vacant, there are some special considerations that investors need to consider: Read More→

Why Can’t You Get Sellers to Give You Seller Financing Terms? – Part 2

Posted on October 3, 2017 by Larry Harbolt

Last month I explained why sellers who live in the property they are selling usually do not have to pay high capital gain taxes. It is the exact opposite for property owners who do not live in the property they are selling. This is why I always prefer buying properties from sellers whose property is not their primary residence. These sellers will definitely have high capital gains taxes to pay if they get all cash when they sell.

Paying high taxes can be a huge deterrent for many sellers once they understand how much they will be losing. On the other hand, if the sellers do not, or have not lived in the property as their primary residence and you can’t convince them that if they get all of their money from the sale of their property at closing they will have to pay high taxes in the year of the sale you need to explain to them… Read More→

Never Take Orders From Paint

Posted on October 3, 2017 by Bill Cook

The late Jack Miller was one of my primary real estate investing teachers. He was a wonderful man and an incredible educator and mentor. It’s hard to believe that he went to heaven almost six years ago…not a day goes by that he and I don’t have a conversation in my head.

Jack was the type of guy who very much marched to his own drum. One of his best quotes was: Never take orders from paint.

Let me explain: Have you ever turned onto a street, seen the One Way sign and realized that you were going the wrong way? What did you do – an immediate U-turn, right? That’s what most of us would do. But not Jack! Jack would keep going the way he was going and say, “Never take orders from paint!” Read More→

What Sales Orders Are and When to Use Them

Posted on October 3, 2017 by Karen Bershad

They’re not as commonly used as invoices. But if you need them, they’re there.

When you want to document sales that you can’t (or won’t) fulfill immediately, but you plan to do so in the future, you can’t create an invoice just yet. This is where sales orders come in.

You may never need to create a sales order for a customer. Perhaps you have a service-based business, or you never run out of inventory. Or you simply don’t enter an order unless you know you have the item(s) in stock.

But if you plan to use sales orders, you must first make sure QuickBooks is set up to accommodate them. Open the Edit menu and select Preferences, then Sales & Customers. Click the Company Preferences tab to open that window. Read More→

Irmageddon

Posted on October 3, 2017 by Jonathan Henrich

I hope all of you and your families affected by Hurricane Irma are all safe with little to no damage, and if that’s not the case, my thoughts and prayers are with you and your family. Irma taught me some valuable lessons. There are more than a few, but in this article I want to share with you 4 lessons that she taught me.

1) Worry: I’m sure many of you spent much time worrying about your family and loved ones, your safety, your rental properties, and much more. Personally, I probably took 10 years off my life with the amount of worry I experienced.

Shantideva, an 8th century monk said, “If a problem can be solved why worry, If a problem can’t be solved, then what use is it worrying?” Read More→

Can Playing “Monopoly” Help Your Real Estate Investing Business?

Posted on October 3, 2017 by Don DeRosa

“Negotiating is not something to be avoided or feared – it’s an everyday part of life.” ~ Leigh Steinberg

What does the term ‘negotiate’ conjure up in your mind?

A conflict where each side tries to ‘win’ by outsmarting the other?
A car salesman going to ”talk to his manager” about your offer, when you know he’s just going to get a cup of coffee and let you sit and stew?
A store clerk trying to convince you to buy something you don’t need, for more than you want to pay?

Do you get sweaty palms and a dry throat just thinking about negotiating with a homeowner?

I hope not! But if you do, rest easy, because it’s really not difficult, if you keep a few things in mind. Read More→

Wholesaling Land – A Profitable Game to Explore

Posted on October 3, 2017 by Frank Iglesias

Land is a beautiful thing, regarded by many as something of value in many places. Similar to home ownership, land ownership is viewed oftentimes as a significant asset that increases in value over time, in particular in areas that are more developed or developing.

It should come as no surprise then that wholesaling land can be just as effective as flipping a house. But there is more to land than just dirt. There are three primary categories to consider:

Undeveloped raw land – these are lots with no utilities of any kind and has never been built on
Developed land – these are lots with utilities in place, may or may not have ever been built on but has been recognized by the city as at least ‘somewhat ready to go’ for construction
Teardowns – these are lots with a house on them that is no longer habitable or perhaps is habitable but due to property values, age of home or other variables is better suited for demolition and new construction Read More→

Your Real Estate Foundation

Posted on October 3, 2017 by Mark Jackson

Real estate investing has always been one of the ways that the determined investor can excel to great heights regardless of one’s educational, financial, or credit level.

I like to say there’s always time to do it right the first time. And in that spirit, I want to prevent you from making some of the same business mistakes I’ve made by sharing some foundational nuggets I’ve learned along the way.

The first and most paramount tool an investor can have is a solid real estate investing education. I cannot stress this point enough. Investing now is made up of so many different venues, options and techniques, you have to be prepared for any and every thing you may come across. If you aren’t prepared, that could mean leaving money on the table. I would challenge you to have at least a general idea of the different RE investing techniques. REIAComps is an avenue to help you see which areas are most profitable. This will assist you in deciding what area you enjoy and in which you work well. Read More→

The Devil’s In the Details

Posted on October 3, 2017 by Michael Vazquez

Since being involved in investment real estate I have seen an unbelievable amount of disregard to details. At first I was surprised given that purchasing a house was such a large investment. These errors and/or lies range from rehab estimates to after repair values. Sometimes the information is an error like a typo or lack of knowledge. Other times it’s the seller, usually a wholesaler, attempting to hide the truth or sugar coat a bad situation. So like a carpenter, make sure you measure twice, sometimes three times, before you cut.

A few days ago, I received an email from a wholesaler that usually mass emails marginal deals. This time the numbers were horrible. Here is an example of what the real estate numbers looked like: Read More→

Reserve a Vendor Table at Atlanta REIA on October 2, 2017 (New Meeting Location)

Posted on September 26, 2017 by Atlanta REIA

Real Estate Business Owners
Reserve a Vendor Table for
Atlanta REIA on October 2nd

NEW LOCATION THIS MONTH!
3125 Presidential Pkwy, Atlanta, GA

Is Your Business on the Vendor List Below? If not, RSVP Now & Join Us!

We are very excited at Atlanta REIA to announce that Robyn Thompson, “The Queen of Rehab”, will be our special guest speaker on Monday, October 2nd at 6:30PM at the NEW LOCATION of the City of Light at 3125 Presidential Pkwy, Atlanta, GA. Robyn has visited our group many times over the years and each time she delivers something very powerful and special. This meeting is no exception and is an event you certainly DO NOT want to miss! RSVP Now so we can let people know you will be there!

The Atlanta REIA Main Monthly Meeting is a great opportunity for you to get to know our members and our members to get to know you and your business. You will also have the opportunity to get up and speak to our audience during the Haves & Wants Speed Marketing Session as well as the chance to give away a door prize, pass our flyers, etc. We hope you will join us by reserving a vendor table below!

RSVP for Vendor Table for 3 Months!

http://Vendor3mo.AtlantaREIA.com

RSVP for Vendor Table for Next Meeting

http://Vendor.AtlantaREIA.com

Participating Meeting Vendors & Sponsors

Atlanta REIA Diamond Sponsor

American IRA – The American IRA mission is to provide the highest level of customer service in the self-directed retirement industry.
Read More>>

Trade Show Vendors

Reserve a Vendor Table Here

Goldmine Properties, Inc. – As Atlanta’s first full service real estate wholesaler, we offer wholesale property at 65% loan to value, with financing available. Purchase price and repairs are 65% of certified after repaired appraisal. Read More>>

Advanta IRA Administration – With the help of your local Advanta IRA staff, use your IRA to invest in assets you know, understand and control, such as real estate, notes & mortgages, private placements, and much more! Read More>>

Networth Realty of Atlanta, LLC – A licensed, full-service residential wholesale brokerage that specializes in finding quality wholesale properties and making them available to you. Read More>>

Auction.com – The nation’s leading online real estate marketplace, having sold over $34 billion in real estate assets. Auction.com’s mission is to provide the most trusted online real estate marketplace, making transactions easier and more transparent. Read More>>

CRS Data – We offer comps from the MLS & FSBO’s, custom searches, property tax records, interactive maps, sales & mortgage info, real estate valuations, mailing lists & more. Read More>>

See Atlanta REIA Events Calendar for More Events!

Atlanta REIA with Robyn Thompson (New Meeting Location!)

Posted on September 22, 2017 by Atlanta REIA

Mon, October 2nd at 5PM in Atlanta, GA

Atlanta REIA Main Meeting
& Vendor Trade Show
Mon, October 2nd from 5PM-9PM

NEW LOCATION THIS MONTH!
3125 Presidential Pkwy, Atlanta, GA

How You Can Put $20K
In The Bank Each Month
with Robyn Thompson,
the “Queen of Rehab”

Atlanta REIA Members Can Attend at No Charge. This month,
Guests Can RSVP Online Now for $20 or Pay $25 at the Door.

We are very excited at Atlanta REIA to announce that Robyn Thompson, “The Queen of Rehab”, will be our special guest speaker on Monday, October 2nd at the NEW LOCATION of the City of Light at 3125 Presidential Pkwy, Atlanta, GA. Robyn has visited our group many times over the years and each time she delivers something very powerful and special. This meeting is no exception and is an event you certainly DO NOT want to miss!

If you’ve ever seen those Fix & Flip shows on TV and ever thought about investing in real estate, ask yourself…

Are you tired of living paycheck to paycheck?
Are you sick of your same old job?
Are you looking for another way to create wealth?
Are you ready to start a business that will generate huge chunks of cash?

If you answered YES to any or all of these questions, then RSVP NOW and join us! Robyn is the nation’s leading expert on buying properties at deep discounts, renovating them at lightning speed and selling them quickly for huge chunks of cash. She takes her business very serious and has turned it into a fine tuned machine. She has rehabbed well over 390+ properties in her investing career and rehabbed as many as 51 houses in single year. She treats her real estate investing business as a serious cash machine and not just a hobby.

At the meeting, Robyn will teach you…

Her Buying Machine
Where to Find Properties to Rehab for profit
10 Criteria to Ensure High Profit Deals
The Rehab Process
Locating the Best Contractors to Get the Job Done
Prescreening Contractors
9 Types of Houses to Never buy
4 Strategies to Funding Deals when You Have No Money
Maximum Allowable Offer formula
Selling Houses in a Down Market
The Most Critical “WOW” Factors to Sell the house
Marketing to Attract “A” Credit Buyers
Prescreening Buyers in 4 Minutes to Ensure they can buy
And That’s Not All…

Bonus SPECIAL BONUS for Meeting Attendees: Robyn also has a very special bonus for those who attend our meeting while supplies last. She will be giving away a brand new audio CD she created with Ron LeGrand called “Rehabbing Creates Big Fat Checks”. RSVP NOW so we know you are coming and make sure we have enough copies. Don’t miss this meeting if you want a CD!

As you can see this will be a knowledge packed evening full of excitement and education. Make a list of your questions and have them ready for her at her table following the end of the meeting. Robyn will hang out after the meeting and answer as many questions as possible for you all. All this is happening on Monday, October 2nd at the Atlanta REIA Main Monthly Meeting. RSVP NOW!

As always, Atlanta REIA Members can attend the event at no charge and Non-Members can Register Online for $20 or pay $25.00 at the door. Be sure to bring your business cards and flyers and join us for an evening of real estate deals, vendors, networking, education and fun! See you there! RSVP Now!

*Meeting Day Agenda

5:00 pm: Meeting-Before-the-Meeting with Don DeRosa

5:00 pm: Vendor Trade Show & Networking

6:15 pm: Updates & Announcements

6:30 pm: Haves & Wants Speed Marketing Session

7:00 pm: Networking Break

7:20 pm: Vendor Door Prizes & Giveaways

7:30 pm: Feature Presentation with Robyn Thompson

9:30 pm: Late Nite Networking at Three Dollar Cafe

5 Days & 4 Nights in Cancun WIN A VIP EXPERIENCE JUST FOR YOU: All participants who attend the Atlanta REIA Meeting will entered into a drawing for a chance to win a *Complimentary 6 Day, 5 Night Stay for You and a Guest at One of 6 Incredible Mexico Destinations! *You must be present at the meeting to win. Giveaway does not include dining, transportation, transfers, taxes, upgrades, etc.

*Please Note: Meeting agenda is subject to change.

5:00 PM in Main Meeting Room

The High Tech Home Buyers Creative Deal Makers Subgroup

Oct 2nd Meeting Before the Meeting
with Don DeRosa

Are you spending money on marketing and not getting any deals? Are you able to take any lead and make a deal out of it? Do you know how to make multiple offers that actually get accepted? Are you using technology to your advantage? If the answer is “NO” to these questions then you MUST attend this subgroup meeting.

Would you like to learn how to structure deals so you can buy houses with little or none of your own cash and none of your own cred? 15 hours a week… That’s all you need! Imagine… taking any seller lead and being able to create a winning deal out of it… Making thousands of dollars where you thought there were none. No more wasted marketing dollars. No more wasted phone calls. No more wasted time.

Join Don DeRosa at the High Tech Home Buying Creative Deal Structuring Subgroup on Monday, October 2nd from 5PM to 6PM at the Atlanta REIA Main Monthly Meeting where he will be teaching about a wide variety of topics each month. Don will teach you about the state-of-the-art tools and techniques you’ll use to evaluate deals and figure out how to make them work – so you can work less and spend more time where you want, when you want and with whom you want.

Some topics Don will be teaching about include:

Using Apps on your iPad or other mobile device to evaluate deals on the go
Creative Techniques such as Wrap Around Mortgages, Sandwich Lease Options, Subject-To, Seller Financing, and more
How to be a transaction engineer.
How to be a problem solver.
And so much more…

Bring your deals and Don will walk through them step-by-step and he’ll show you how to easily evaluate the lead, determine your exit strategy, structure the deal, negotiate with the seller, and get the paperwork done in a snap.

Its an amazing time to be a real estate investor. Don’t look back 5 years from now and wish you had acted. Learn how to buy right… Learn to Make More and Work Less, Right Now!

5:00 PM in the Vendor Room

Monthly Vendor Trade Show

Dylon Ross with Xfinity At 5:00 PM in the Main Lobby, we have a Vendor Trade Show that lasts throughout the meeting where you can come out and meet many of our participating Business Members and Vendor Guests who help sponsor our meeting. See a full list of our vendors and sponsors below as they are added.

Vendor tables are limited, so any vendors wanting to reserve a table for the meeting can RSVP for a Vendor Table here. Vendor tables are reserved and setup on a first-come, first-serve basis.

6:15 PM in the Main Meeting Room

What’s Happening at Atlanta REIA

Starting at 6:15 PM, Dustin Griffin kicks off the Atlanta REIA Main Monthly Event with updates and announcements. Dustin covers what’s happening at Atlanta REIA in the upcoming weeks and months such as upcoming workshops, webcasts, special events, members benefits and much more! Be sure to be in the main meeting room at 6:15 PM for your chance to be one of the first to receive a printed copy of The Profit Newsletter while supplies last.

6:30 PM in the Main Meeting Room

Haves & Wants Marketing Session

At approximately 6:30 PM, Joe Thompson will be hosting the Haves & Wants Speed Marketing Session which gives our members the opportunity to quickly market deals they HAVE and to find deals they WANT. We also give our business members the opportunity to get up and say a few words about their businesses. Members who want to participate in the Haves & Wants Marketing Session must bring your flyers and get to the meeting early to get on Joe’s list of participants.

9:30 PM @ Three Dollar Cafe Chamblee Tucker

Late Nite Networking After Meeting
at the Three Dollar Cafe

After the conclusion of the Atlanta REIA Main Meeting, we will be reconvening at 9:30 PM at the Three Dollar Cafe located at 3537 Chamblee Tucker Rd in Atlanta, GA for the Late Nite Networking and the “Meeting-After-The-Meeting”! There is no charge for Atlanta REIA Members or guests to attend Late Nite Networking, so bring a friend and head on down to Late Nite Networking and have a cold brew with us! Just be sure you order food and beverages from the restaurant and please tip their wait staff generously.