Atlanta Real Estate Investors Alliance Blog
Unplugging… To Recharge (Revisited)
Posted on April 3, 2017 byAs I write these words, I’m overlooking the crystal-clear blue-tinged waters of the Caribbean. The boats in the marina are docked and their crews are scurrying about in preparation of the day’s activities. The weather here in Curacao (a Dutch Caribbean island just north of Venezuela) has been exquisite, as my slight sunburn indicates. It should be about 82 degrees here today, while back home it’s a balmy 30 degrees.
So, have YOU taken a vacation recently? Did you have the chance to get away and do something fun, relaxing, or otherwise fulfilling lately? If not, why not? There have been countless studies done and research conducted that prove that people who take the time to take vacations live longer, happier, and healthier lives. Google that if you don’t believe me. Or ask the guy who sold us our timeshare (I’ll get back to you about that). Read More→
When a Buyer Provides Feedback… Listen!
Posted on April 3, 2017 byThis month’s tip is so critical to your success. There will be many times when you put deals out and instead of getting an offer, you get feedback from your Buyer. If it is constructive, and oftentimes it is by people who sincerely want the property, listen! Buyers, especially experienced Buyers can provide a wealth of knowledge for you on your deals. They oftentimes have the scars of rehabbing and know many things you may or may not have thought of. You want to take advantage of this information!
Some things they may share with you:
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What is the real cost of the rehab (very common) to attain the ARV advertised
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What the actual ARV for that area is. Remember, if they work that market hard, they oftentimes know several fine nuances that wholesalers rarely consider. Read More→
Know What Your Plans Are For Every Property You Look At Before You Buy?
Posted on April 3, 2017 byOne of the most important things I believe every investor should always do before ever making an offer to purchase any property is to first think about what the highest and best use for that property will be. Every day I talk to newer investors who never stop to think about the best use of the properties they look at and how this simple exercise can, and will, greatly improve their profit from every deal they do. It took me years to understand the importance of first considering what I should do with each property I was looking at before even thinking about making the offer to purchase it. This may not seem to be of much importance to those who aren’t experienced investors but one thing is for sure, if you don’t understand how to best utilize the property it will greatly affect the amount of money you make at the end of the day. It is my opinion that you should always step back and take a deep breath before making an offer to purchase a property. Determine exactly what your plans are if you are successful buying the property, while also analyzing the numbers of that property before making your offer to purchase. Read More→
Using Custom Fields and Classes in QuickBooks Online
Posted on April 3, 2017 byQBO’s tools are generic enough that myriad businesses can use it. But custom fields and classes help you shape it to meet your specific needs.
Small business accounting is not a one-size-fits-all proposition. Your company is unique in that sense; you have your own customers and products, vendors and services. Your requirements for your accounting application—what it must do and how it does that—is unlike anyone else’s.
QuickBooks Online contains a standard set of features that can accommodate a broad cross-section of the millions of small businesses in the U.S. It also offers customization options that you can use to make it your own. Two of these are custom fields and classes. Read More→
7 Due Diligence Tips for Real Estate IRA Investors
Posted on April 3, 2017 byThe difference between a successful real estate IRA investor and a not-so-successful one often comes down to due diligence. The investor who understands what goes into valuing a property, to include historic and expected cash flows coming in and out as well as risk – is able to make better decisions than a less skilled investor. If you’ve been blindsided by the unexpected as an investor – or if you believe you could be – here are some tips from experienced professionals to improve your due diligence and help you avoid getting caught unaware by the unexpected ever again.
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Don’t rely on pro forma financial statements and projections that you get from the seller. This is a common rookie mistake. But most of the experienced and successful investors we speak to have never seen a case where the actual cash flows from a real estate investment were better than the pro forma. Any such information you get from the seller should be considered, at best, a wildly optimistic scenario. You want to pay a fair price for the property’s actual performance, not the best-case but highly-unlikely scenario. Read More→
Decipher Data On Your Phone: Demographix App Review
Posted on April 3, 2017 by“HD doesn’t mean anything to me. It’s a technical thing. It’s like demographics. A lot of people know about it.” ~ Craig Ferguson
When we talk about demographic data it is hard to grasp. The US Census information is available for free online, but it is hard to gain anything meaningful from that. The common person isn’t apt at reading through that information, and the way the US Government organizes those numbers isn’t easily absorbed.
Demographix is a very niche app. It is a well organized database that has used the US Census information from 2010. This is not for everyone, but working in different areas I find myself needing access to information fast. Ok Google or Siri doesn’t always answer my questions on the spot. It can take time to work out the details about the population of an area I’m trying to buy or sell a home in. Demographix is neatly organized and at a glance I can look through a clean user interface. Read More→
Learn Why Wholesaling & Why Now with Mr. Tycoon at Atlanta REIA on April 3, 2017
Posted on March 27, 2017 by& Vendor Trade Show
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 excited to announce that Mr. Tycoon will be our special guest trainer this month at Atlanta REIA on Monday, April 3rd at 5:00 PM at the Crowne Plaza Ravinia located at 4355 Ashford Dunwoody Rd, Atlanta, GA. At the meeting, Mr. Tycoon will be teaching our members and guests “Why Wholesaling & Why Now?!”
You’ve probably hear that wholesaling houses is all about “finding bargain properties and passing them along to bargain hunters at a great price”. You’ve probably also heard that “you make your money in real estate when you buy”. At the meeting, Mr. Tycoon is going to show you “when you wholesale houses, you make your money – in cash – before you buy!” He’s also going to show you why finding bargain properties is probably the most important skill you can ever possibly learn as a real estate investor.
During his 90 minute presentation, Mr. Tycoon will teach you…
- What it means to wholesale a house
- How wholesaling can be done with very little money, training and absolutely no cred
- How to wholesale houses part time and make a full time income
- Answers to your questions and so much more!
Mr. Tycoon will teach strategies that will enable you to…
- Pay off all your debt and past due bills
- Start building (or re-building) your retirement account so you never have to worry about running out of money during retirement
- Quit your job and live your life in freedom
- How to get on the fast track to wealth
Wahid Shakur, aka “Mr. Tycoon”, is an internationally renowned Motivational Speaker, Personal Development Coach, Investment Real Estate Guru and Entrepreneur of Success. Mr. Tycoon is legendary for his “tough but fair” deal-making and negotiation skills. His bestselling book, “Success Is Not A Secret, It’s A System,” extracts the lessons he learned on the road to building his successful real estate investment company and personal fortune, and is the “must-have” guidebook to achieving financial and personal success. Read more about Mr. Tycoon >>
Come spend 90 minutes with Mr. Tycoon at the Atlanta REIA Meeting on Monday, April 3rd at 5:00 PM and learn how to get started wholesaling houses or how to take your existing wholesaling business to the next level. You do not want to miss out on this career changing information! We look forward to seeing you at the meeting!
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!
Atlanta REIA Members Please RSVP on Meetup.com
*Please Note: Meeting agenda is subject to change.
WIN A 4 NIGHT STAY IN CANCUN: All participants who attend the Atlanta REIA Meeting will entered into a drawing for a chance to win a *Complimentary 5 Day, 4 Night Stay in Cancun! *You must be present at the meeting to win. Giveaway does not include dining, transportation, transfers, taxes, upgrades, etc.
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 credit? 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, April 3rd from 5PM to 6PM at the Atlanta REIA Main 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!
Atlanta REIA Members Please RSVP on Meetup.com
At 5:00 PM in the Vendor Room, 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.
Starting at 6:15 PM, Dustin Griffin kicks off the Atlanta REIA Main Meeting 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.
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.
Taco Mac Perimeter
After the conclusion of the Atlanta REIA Main Meeting, we will be reconvening at 9:30 PM at Taco Mac Perimeter located at the Perimeter Place, 1211 Ashford Crossing, 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. When you get there, be sure to look for Joe Thompson who will be leading our Late Nite Networking.
American IRA – The American IRA mission is to provide the highest level of customer service in the self-directed retirement industry.
Read More>>
The Small Business Advisor – A full service small business consulting firm specializing in QuickBooks with a wide variety of specialized services, trainings and products for small businesses. 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>>
Secured Investment Lending – A licensed direct mortgage lender specializing in non-traditional hard money loans for non-owner occupied buy/fix sell properties or rental properties throughout the GA and FL. 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>>
Equitable Consulting – Investors, whether you have a short term or long term plan, “fix & flip” or “buy & hold”, individual units or entire portfolios, Equitable Consulting is your resource at every step. 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>>
Angel Oak Prime Bridge – A direct hard money lender headquartered in Atlanta. We provide renovation/construction loans for investors and builders to purchase and renovate residential properties. Read More>>
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>>
Halperin Lyman, LLC – A transactional real property law firm devoted to providing the full spectrum of non-litigation related real estate legal and consulting services to its clientele. Read More>>
Lima One Capital, LLC – A fully capitalized, direct lender for residential real estate investors and homebuilders. We are fully capitalized and our team prides itself on closing loans quickly for our clients. 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>>
Legal Shield
Atlanta Flooring Design
Wholesale Renegade Workshop with Mr Tycoon on April 29, 2017
Posted on March 26, 2017 byWholesale Renegade Workshop
3125 Presidential Pkwy, Atlanta, GA
Register Now & Save $100 to $200!
Are you interested in Wholesaling Houses for quick cash? Perhaps you don’t know what wholesaling is… so let me quickly explain…Hi, my name is Mr. Tycoon and I am a full time real estate investor who specializes in finding Wholesaling deals. On Saturday, April 29, 2017 from 9AM to 5PM at 3125 Presidential Pkwy, Atlanta, GA, I am teaching a Wholesale Renegade Workshop to teach you how you can wholesale houses for quick cash. Register Now!
Wholesaling is the process of finding great deals, getting that deal under contract, and then selling that contract to another person who actually ends up buying the property. It can seem a little confusing at first, but it’s really quite simple. You are simply selling the contract. You never own the property, never fix the property up, and never deal with tenants.
A lot of new investors really like the idea of wholesaling. And what’s not to love? It can be done with very little money, credit, or experience but has the potential to make a lot of money. Plus, I’ve done over 1,000 of these types of deals and have trained hundreds of people just like you to do the same. One thing is required on your part… to “Do The Work!”
I will teach you everything I know and what me and My Mentees are doing in the market today. So, when you attend this One Day Wholesale Renegade Workshop, you will leave with the Full Knowledge and Action Plan to Jump Start your Real Estate Career.
What you’ll learn at the Wholesale Renegade Workshop…:
- The easiest and most overlooked ways to find deals in your market that lead to consistent paydays.
- The one document you must always use to guarantee you get paid.
- How to tap into an unlimited source of buyers your competition doesn’t know about.
- How to maintain a steady flood of daily deals in your pipeline.
- The three forms of paperwork most new investors forget to include that can cause hang-ups at the closing table and keep you from getting paid
- How to spot the most profitable deals that put the most money in your pocket
- How to build an automated business that runs without you and continues to pay you while you do what you love so you can quit your job and rely on your real estate income full time
So what happens if you DON’T use private lenders? Well, you’re stuck with the amount of money that you have or are able to borrow from traditional or hard money lenders. And sooner or later you’ll run out of money. You’ll have to pass on a lot of good deals, because you don’t have the money. Line up your lenders now, so you can take advantage of those good deals when you find them.
The agenda for the day will look like this…
- Real Estate 101 “Overview” Why do Real Estate TODAY?.
- Wholesaling For Cash (You never own the property, never fix the property up, and never deal with tenants.)
- Marketing for Deals (What’s Working Today) My Top 3 Secrets
- A Day with Mr. Tycoon (On the phone, In Person Q&A and Researching on Computer)
- Finding buyers
- Knowing how to correctly value a property (Research 101)
- Knowing how much repairs would cost
- Negotiating with motivated sellers (Script)
- Online Marketing for Buyers and Sellers
- The Master’s Money Making SYSTEM
- Navigating through the legal side (All of The Paperwork That I Use Daily)
- Top Secret to Getting Your First Deal Revealed!
- Private Lending (Bonus Session)
- Answers to your questions and much more!
Clearly, there is a lot more to Wholesaling than just putting an ad up on Craigslist and collecting a 5-figure paycheck. So, to help, I’ve created this One Day Wholesale Renegade Workshop to help you Jump-start your Wholesaling Business and your Real Estate Investing Business!
PLEASE NOTE: Early registration is currently happenning, but will expire soon! Workshop prices will increase by $100 for Members and $200 for Non-Members after early registration expires. Date, Time and Location are subject to change. You can join Atlanta REIA at http://membership.atlantareia.com and save on tuition fees.
Commercial & Multi-Family Group Meets March 23, 2017
Posted on March 23, 2017 byAtlanta REIA Members Attend for NO CHARGE & Guests for Only $5 at the Door.
Guests can join Atlanta REIA for Only $100/year and Attend for NO CHARGE!
Join us this at the Commercial & Multi-Family Group this month on Thursday, March 23rd at 11:30AM at the 5 Seasons Brewing located at 5600 Roswell Rd, hosted by Steve Brown , Bill Ham and our Special Guests. Our group meets every month on the 4th Thursday at this location and time. At the end of each meeting Steve and Bill will tell about one big mistake they have made in their real estate carriers. We call this the “Gotcha” minute. Learn from our mistakes (and get some laughs too).
The Atlanta REIA Commercial & Multi-Family Real Estate Group is an educational, networking and call to action subgroup, led by Steve Brown and Bill Ham that is designed to help real estate investors take their investments to the next level by successfully investing in commercial real estate. You will meet the experts and the behind the scenes players in the game of commercial real estate investing. Come join us and learn to invest in commercial real estate for fun and extreme profits.
The group meets on the 4th Thursday of each month from 11:30 AM to 1:00 PM at the 5 Seasons Brewing located at 5600 Roswell Rd (map). Please note that the Commercial & Multi-Family Real Estate Group meets just prior to the Have’s and Wants Meeting which is from 1:30 PM until 3:30 PM. So please come enjoy both of these back to back meetings and get the most out of your day!
Atlanta REIA Members Please RSVP on Meetup.com
Haves & Wants Meets March 23, 2017
Posted on March 23, 2017 byThurs, March 23rd at 1:30PM
5 Seasons Brewing, 5600 Roswell Rd, Sandy Springs
Hosted by Joe Thompson
Haves and Wants is a weekly investor networking and deal making lunch meeting hosted by Joe Thompson and held every Thursday at 5 Seasons Brewing at the Prado from 1:30 PM till approximately 3:00 PM. This group has been meeting for over 6 years and is all about networking, sharing information, doing deals and making money right now. Be sure to bring lots of your business cards and flyers and be prepared to promote your business and/or your haves, wants and deals with our group. If you are a real estate player or want to be, this is one weekly meeting you don’t want to miss!
5 Seasons Brewing is located at 5600 Roswell Rd (map) inside the Perimeter at the “Prado” in Sandy Springs. The all natural, organic food at the 5 Seasons is excellent and the hand-crafted beer is even better! Come out and eat, drink, network and share your deals with us! There is no charge to attend this meeting for Atlanta REIA Members or guests. Please come early and stay late. We would love to have you!
Atlanta REIA Members & Guests, Please RSVP on Meetup.com
Learn to Sell Houses at Lightning Speed at Wild West Meeting on March 27, 2017
Posted on March 23, 2017 bySelling Houses at Lightning Speed
with Chance McFarland
March 27th @ 6:30PM, Cherokee Cattle Company,
2710 Canton Rd, Marietta, GA
No Charge for Atlanta REIA Members, Guests $10 at the Door.
Would you put more houses under contract to buy if you knew you could sell or rent them in 9 days or less? Chance McFarland wants you to know that it’s easy to do so! She says if she can do it, so can you! She’ll show you how at Wild West Meeting on March 27th!
At the meeting, you will learn:
- 3 things that will set you apart from your competition
- How to maximize your profits
- Magic words to win over your Buyer and close the deal
- Answers to Your Questions and much more!
When Chance started as a Real Estate Investor, she found herself in a predicament. She and her partner bought 11 houses that were sitting vacant and needed to be sold immediately. She sold all 11 houses on lease/option within one month. She promptly quit her full time job and hasn’t looked back since. She wants to share her secret techniques and methods with you at Wild West Real Estate Meeting at 6:30pm on Monday, March 27th at The Cherokee Cattle Company at 2710 Canton Rd. in Marietta. Come join us for this fun, informative event. See Y’all There!
Atlanta REIA Members can attend for no charge and guests for $10.00. Show up at 6:30 PM to eat and network before the meeting officially starts at 7:00 PM. Buying your own meal is optional but highly recommended and greatly appreciated since the Cherokee Cattle Company allows us to use their meeting room.
There will be lots of learning and lots of networking. Bring your deals and your haves, wants and needs to the event.
Atlanta REIA Members Please RSVP on Meetup.com
Learn About Creative Deal Structuring at the Beginning Investors Group Online with Leslie Mathis
Posted on March 20, 2017 bywith Leslie Mathis on March 22nd @ 7PM on GoToWebinar
No Charge to Attend for Members or Guests
Who Attend Online via GoToWebinar.com!
Please be sure to join us at the Beginning Investors Group Online on Wednesday, March 22nd at 7:00PM ET with Leslie Mathis and learn all about how creative deal structuring can help you generate more profits for your real estate investing business.
When you find a seller with a real estate problem that you can’t solve by buying for cash at a discount, Creative Deal Structuring gives you many more tools in your toolbox for you to solve their problem…giving YOU more ways to PROFIT! Leslie will share with you those tools.
You’ll learn:
- 4 Different Deal Structures
- What you must get from your motivated sellers to structure deals that will solve their problems
- 3 Ways You Can Make A Profit Using Creative Deal Structures
- And answers to your questions and much more!
Leslie began her real estate career when she found herself broke and living in her parents garage after following the traditional path of “get a degree (she got two), get a job, and live the American Dream” failed her. With no money and no cred, she had to find a way out of her situation.
When she was introduced to buying real estate without using her own money or cred, she embraced Creative Deal Structuring with a passion and was able to leave her job shortly thereafter. Leslie has never looked back, using Creative Deal Structuring to build economic independence for herself. She wants you to know that you can do it too!
TO ATTEND ONLINE: 7:00PM Start Time. To attend the Beginning Investors Group Online via your PC, smart phone or tablet, Register Here for the Meeting on GoToWebinar.com and you will be emailed login instructions for the event.
Once you get your Webinar Confirmation Email, you can login on about 5-10 minutes prior to the 7PM start time to reserve a spot using your PC, Mac, Tablet or Smart Phone. You can download the GoToWebinar App here on iTunes App Store or the Google Play Store.
PLEASE NOTE: This is a BRAND NEW Registration Link for 2017. Even if you have registered for BIGO prior to Feb 2017, you must re-register using this NEW Registration Link for 2017 or you won’t be able to attend any of the upcoming BIGO webinars.
The Beginning Investors Group Online (The “Big O” or BIGO) is an new online educational group that currently meets on the 4th Wednesday for new investors who are just getting started in real estate investing as well as “new again” real estate investors who’ve taken a few years off and are looking to get back in the game.
Each month, we will be bringing in local and national real estate experts to teach new investors how to survive and thrive in our ever changing economy and real estate market. The entire purpose of this group is to help new investors get their first deal and help new again investors get their next deal.
