Atlanta Real Estate Investors Alliance Blog
Fail Forward – FAST!
Posted on November 7, 2016 byHey, guess what? I Want You to FAIL!
“Say what now? Fail? But failure is a bad thing, right? That’s what they taught me in school…AND in my job! And all my friends make fun of each other when we fail.”
Yes. Exactly. So what?
I’d like you to think back to when you were a kid. Everything was new to you in the world. You really had to learn things for yourself… How to eat, drink, think, walk, talk, and interact with stuff, right? If you can’t remember any of that, just watch kids.
Have you ever watched a kid learn how to walk? They fall down a lot, don’t they? But here’s the truly interesting thing: They don’t stay down. They don’t listen to their well-meaning friends who laugh at them, and they don’t care what grade they get.
No, they stand up, wobble around a bit, and fall down. Then they stand up again, wobble some more, then put one foot out and take a step! Read More→
Creating A Solid Direct Mail Piece To Locate Motivated Sellers
Posted on November 7, 2016 byOne of the most important aspects to a marketing campaign that is going to work is to create a solid mail piece for your business. These are key points for creating a solid direct mail piece that folks will respond to no matter what business you are in.
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The first thing you’ll want to do is to “touch” your prospective customer or seller with “the dream”, or “the solution” to their problem. You’ll want to touch the basic emotions and the needs of your client or seller within the body of your letter, whether that is fear, relief, greed, pride or vanity.
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Keep it simple. The grammar doesn’t necessarily have to be perfect. You want to reach this person at their comfort level. Keep your letter relaxed, personal and conversational.
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Use simple language; don’t fill your letter with big words or technical words or “industry jargon” that your seller or your customer might not understand. Read More→
Self-Learning to Network
Posted on November 7, 2016 byThe last month or so I have been looking more and more into investing in apartments. However, I did not attend local MeetUps or other groups dedicated to apartment investing until this week. I self-educated as much as possible through books, podcasts, YouTube video and articles. I did this to prepare for the meetings and it paid off.
The reason I learned as much as possible before attending these apartment investing meetings was so I can understand what was being discussed. I have led single family investment groups in the past and caught myself speaking over many of the attendees. It was not done intentionally but because I had been doing it for so long I was doing it unconsciously. I have also seen other instructors and speakers do the same thing. Read More→
It is a Deal or No Deal in 2016?
Posted on November 7, 2016 byI have been challenged in the past few months as the competition in the market heats up and the number of wholesalers who are working the area are making offers to sellers which are outrageously high. I want to talk about the way to figure out if the subject property is a Prospect or a deal. This way you will get the keys to remembering if the opportunity is a deal or dud.
I have recently taken some training because my business and I must change, in order to stay ahead of the changes in the economy, the market, and life in general. I took specific training that was on options. This gave me a new tool in my tool box in order to buy more property. I’m excited. I am using these techniques. They are working. When I understand that all scenarios that work for me the chances for success go up dramatically. I must know my plan of: what to buy, where to buy, when to buy, & what price to buy. Just because it is a deal for me doesn’t mean it is a deal for you. NEVER compare yourself to another investor or person! Read More→
Creating Reports in QuickBooks – Part 1
Posted on November 7, 2016 byQuickBooks comes with dozens of report templates that can be run as is. This month and next, we’ll show you ways to make them “fit” your company.
Reports are your reward for all that hard work you put in entering records and transactions in QuickBooks. Sure, you can always find individual invoices, sales receipts, and customers by using the software’s search tools, but in order to make smart business decisions, you need to be able to see related subsets of the information you so carefully entered in neat rows and columns.
You’ve probably created at least some basic reports in QuickBooks. You may have, for example, wanted to see who’s late paying you, or whether you have unpaid bills. You might need to know your stock levels, or which purchase orders are still unfilled. You certainly want to keep a close eye on whether you’re making or losing money. Read More→
How to Watch Your Fees with a Self-Directed IRA
Posted on November 7, 2016 byMaximizing the return you get out of your retirement investments is a question that’s on most peoples’ minds. So how can a Self-Directed IRA help?
One word: fees. Fees are important for any investor to pay attention to—keeping them at a minimum will allow you to have more cumulative growth over the years, and avoiding major fees will ensure that you cut your direct expenses as much as possible.
In the world of real estate investing, fees can be very difficult to deal with. Here are some steps to ensure that you can maximize the value of your account no matter how much money you currently invest with: Read More→
Using Real Estate Comps to Your Benefit
Posted on November 7, 2016 byOk guys, I want to show you how to maximize your investment. Here are some ways to figure out what price you should offer on your properties to get a deal, or to give someone else a deal.
Comps are of course, basically the true value of a house. You can look at the price of houses for sale, but that doesn’t tell you the true value of a house. The true value of a house in an area is based on how much houses are SELLING for based on comps information from REIA Comps, not how much the houses are listed for.
So, if you look in a neighborhood, you may find houses listed at high prices. They don’t sell at those high prices. They may get offers, they also come down before they sell. It’s the selling price of the house you want to go by to make a decision on how much you want to get for your house, or how much you want to offer on your house. It’s also known as ARV (Average Retail Value or After Repair Value). Working with REIA comps lets you figure out what the ARV is easily. Read More→
How Can One Deal Lead to More Deals?
Posted on November 7, 2016 byMost folks think real estate investing consists of finding a deal, taking it down, getting it rehabbed and sold, and then going out to find the next deal. But what if you structured the deal in such a way that one deal leads to more deals? Let’s look at two real-world examples of this.
A few years ago, our good friends Joe and Ashley English, found an investment property they wanted to buy. Only one problem: they didn’t have the money to buy the home. Joe sent an email to several investors explaining that he was seeking funding.
Within minutes, Joe’s phone rang. It was Pete Fortunato – the best creative deal structurer we’ve ever met. Pete was on Joe’s email list.
After a short conversation, Pete agreed to fund Joe’s deal with these terms: Joe would pay Pete one-half of the $400 net monthly rent. In addition, if Joe sold the property, he and Pete would split the net profit 50-50. This is known as a performance loan. The purchase money would come from Pete’s Roth. Read More→
The Rental Returns for Georgia are Better than Most of the US
Posted on November 7, 2016 byThere are many reasons why Atlanta and Georgia have better rental returns than other areas of the country. Let’s analyze some of the reasons for our good fortune.
Employment
According to the Bureau of Labor Statistics, the total nonfarm employment for the Atlanta Metropolitan Statistical Area stood at 2,667,800 in August 2016, an increase of 71,000 or 2.7 percent, from a year ago. Regional Commissioner Janet S. Rankin noted that the Atlanta area had year over year employment gains of over 50,000 each month since July 2013. Nationally, nonfarm employment increased 1.7 percent from August 2015 to August 2016. The study had a few interesting observations or predictions. First they expect the fed to increase interest rates but fortunately by only .25-.5 points. Read More→
Learn to Find, Fund, Fix, & Flip Your Way to Financial Freedom at Atlanta REIA on November 7, 2016
Posted on October 28, 2016 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.
Atlanta REIA Members Please RSVP on Meetup.com
The real estate market is on fire right now. There are so many money making opportunities right around every corner. Do you know this but don’t know where to get started to claim your profits? Have you already gotten started but need an extra bump to kick things into higher gear? Don’t sit back and watch all your friends get rich flipping houses. Get in on the action and get your house flipping business making the money that you deserve.
Don’t miss the Atlanta REIA Main Meeting on Thursday, November 7th at 6PM, where our special guest speaker, Don DeRosa, will be teaching all about rehabbing houses for massive profits. The meeting will take place at the Doubletree Hotel Roswell located at 1075 Holcomb Bridge Rd, Roswell, GA.
During his presentation, Don will teach you all about…
- Where to get started
- How to get the biggest “bang for your buck”
- How to evaluate deals based on repair costs
- How to find and manage good contractors
- How to protect yourself from being taken advantage of
- How much rehab you should do to a house
- How to evaluate what repairs to be done
- And much, much, more!
About Don DeRosa
Don is a seasoned investor who has completed many of his own profitable rehabs. Don is also a mentor and has taught many other investor how to successfully complete their own. Don’t miss out on this great opportunity to get your house flipping business up and going quickly. You will learn a great deal of information about the entire rehab process.
Atlanta REIA Members Please RSVP on Meetup.com
All this is happening at the Atlanta REIA main meeting on Monday, November 7th at 5PM at the Doubletree Hotel Roswell located at 1075 Holcomb Bridge Rd, Roswell, GA.
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!
*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
Atlanta REIA Members Please RSVP on Meetup.com
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, November 7th from 5PM to 6PM at the Atlanta REIA Main Meeting at the Doubletree 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!
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.
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.
OTP Tap & Grill on Holcomb Bridge Rd
After the conclusion of the Atlanta REIA Main Meeting, we will be reconvening at 9:30 PM at OTP Tap & Grill Roswell located at 1475 Holcomb Bridge Rd, Roswell, 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>>
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>>
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 >>
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>>
Equitable Consulting – Investors, wether 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 >>
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>>
Commercial Realty Experts – Our Team utilizes the latest information technologies, market research, and business strategies to move real estate quickly, or satisfy your particular buying needs. 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>>
Financial Solutions Trust
Frank Iglesias – Working with Houses and VAs
Lending One
Coldwell Banker Residential Brokerage
Legal Shield
BIGO Webinar Replay: 6 Seasoned Investors Secrets with Larry Harbolt
Posted on October 28, 2016 by6 Secrets Seasoned Investors Use to Maximize Profits On Every Deal
Watch the “BIG O” Webinar Replay
with Larry Harbolt
Have you ever wondered how successful investors are continually finding and doing profitable deal after deal? Did you ever ask yourself what seasoned investors look for and what they think about before they ever make an offer on any property? Have you ever thought about what makes a good deal and what is missing from the deals that you don’t want?
If you would like to get the answers to these questions and more, join us on the webinar we recorded live with Larry Harbolt on July 27, 2016 and he will teach you 6 secrets of how successful investors think through every deal they do and how they structure offers in multiple ways to buy any property. He will also show you why “CASH” isn’t always the best solution for every seller and why they may not want All CASH for their property.
You will learn:
- The Key Components of Every Successful Real Estate Transaction
- What Types of Properties Generate the Most Profit
- What Key Questions You MUST Ask Every Seller
- How to Overcome Your Fear of Talking to Sellers
- And Much, Much More!
New Investors, if you want to learn how to become a transaction engineer, be sure to watch this Beginning Investors Group Online Webinar Replay with Larry and learn how to structure deals like a real pro! Watch the Webinar Replay Now! Read More→
Generating Motivated Buyer and Seller Leads at BIG Online on October 26, 2016
Posted on October 24, 2016 byGenerating Buyer & Seller Leads with Low Tech Guerilla Marketing Strategies & Techniques
A Live Webinar with Dustin Griffin
Oct 26th @ 7PM on GoToWebinar.com
No Charge to Attend Online for Members or Guests!
Register @ bigonline.atlantareia.com
As a new or “new again” investor, are you generating enough motivated buyer and seller leads each month to survive and thrive in today’s competitive real estate market? Are you generating at least 20-40 leads per month from your marketing efforts? If you’re not generating this many leads or more, you should join us for our next BIG Meeting to learn how to generate all the motivated buyer and seller leads you can handle.
Dustin Griffin will be speaking at BIG Online on Wednesday, October 26th at 7PM ET on many of the Guerilla Marketing Strategies and Techniques that he and other successful real estate investors use to generate a steady flow of leads for their real estate investing businesses. You will learn:
- What is Marketing vs Guerilla Marketing?
- How can one dominate their local market online and offline on a budget?
- Marketing in 7 Easy Steps
- Multiple ways to consistently market your business
- 5 Rules for Marketing
- And much more…
New Investors, DO NOT MISS THIS EVENT if you want to learn how to generate motivated buyer and seller leads! Join us and learn how you can generate all the leads you can handle with a little time, effort, creativity and a relatively low budget. Register now and join us on Wednesday, October 26th at 7:00 PM ET.
No Charge to Attend ONLINE for Members or Guests!
