Atlanta Real Estate Investors Alliance Blog
Pick Your Bone: Wishbone, Jawbone or Backbone
Posted on March 6, 2016 byTo succeed at real estate investing, or business, or life, requires bone – the right kind of bone.
Because real estate investing is pretty easy to understand – you buy a house and then either sell it or keep it as a rental – lots of folks are interested in becoming investors. Want proof? Look at all the traveling dog-and-pony shows coming through town offering their “free” seminars to a “select few.”
We get lots of calls from would-be investors who’ve attended one of these get-rich-quick-snake-oil events. Most actually believe that real estate millions can be acquired by working only thirty minutes a week and without meeting face-to-face with sellers. That’s like a doctor trying to build a successful practice having office hours from 9:00 to 9:30 a.m. and without seeing any patients. Crazy, right? Read More→
What is the Truth About the Current Atlanta Real Estate Market?
Posted on March 6, 2016 byThe best statement about real estate is “Don’t wait to buy real estate. Buy real estate and wait.” by T. Harv Eker. Understanding the current market allows Buyers to maximize their ability to evaluate properties, receiving the highest value in their home search, and, Sellers to position their property to maximize money in their pocket while minimizing time on market.
Real estate is a supply driven market. When supply is less than 6 months, (currently 3.7 months), it is a seller’s market, a market condition that started in 2012. With fewer listings on the market, median prices rise, and sellers get a higher percentage of their asking price.
The number of sales, or, demand has increased this year after 2 flat years while the supply remained low. All these are indications of an improving market. Distressed properties are a negligible portion of overall sales, further reducing their negative affect on market prices. Those changes caused improvements on measurements that were already strong. The medians of sales price, sales price to list price(S/L) ratio, and days on market (DOM) were greatly improved. Read More→
Take the Bad with the Good
Posted on March 6, 2016 byThe majority of veteran real estate investors are quick to share the good but rarely share the bad and or mistakes that comes with investing in real estate. When things are going great you will feel like you can do no wrong. You’re purchasing the majority of your leads, all the renovations are coming in on budget and/or your homes are selling with very few days on market. The truth is, if you invest long enough you will encounter some of the bad experiences all investors before you and after you will experience.
My most recent mistake could have been avoided but I gave one of the sellers a bit too much trust. This one particular property took an entire year to close. There were about 33 heirs that needed to sign off on the sale of the property. Most of the heirs were cooperative but there were a few that refused to sign until the other 29 people signed, claiming they did not want to waste their time. While there were 33 heirs only one person lived in the home. He seemed like a good guy who was just down on his luck so I agreed to let him stay in the home past closing so he could use his profits to relocate. Read More→
The Solid Seven Secret: Creating Goals That Work
Posted on March 6, 2016 byYour career in real estate is like a marriage. If you let it get boring, you’re going to make mistakes. If you don’t build it on a solid foundation, it will fall apart. In both cases, you might just lose a lot of money!
So how do you keep things new in real estate? You challenge yourself to be inspired; you stay eager to learn new things.
Do I follow my own advice? YES. Recently I took two real estate courses, and I am renewed. I am excited! These classes will help my success, and I want to share the information with you so that you can be inspired too.
In fact, in my weekly groups, I work with people like you who want to succeed. I can help you by sharing what I have learned in classes and from experience. Read More→
The Master Lease Option Series – Part 1: The Basics
Posted on March 6, 2016 byIn this series of articles I am going to teach you the art of using Master Lease Options to purchase real estate. I don’t know how many articles it will take to convey all the info I have…so stay tuned!
A master lease option (MLO) is a form of creative financing most often used to deal with distressed assets. I buy and teach commercial multifamily real estate so these articles will be about “master” lease options. If you are investing in single family deals then you would use a lease option. The “master” part only comes in when you are dealing with multiple units at one time otherwise it’s a lease option. You can use the info I am going to teach here to buy single, multi or any type of real estate asset.
A master lease options is simply a document or contract that you will use to control the operations and the future sale of a property without actually owning it. Sound too good to be true? It’s not. Master lease options are done in the real estate business all the time by people who know how to do them. The agreement is made up of two separate contracts, the master lease and the purchase option. Combined they form a master lease option. These two documents should always be kept separate. I will go into more detail on that in future articles. Read More→
What the Banks Insuring Themselves Against Their Own Fraud Means For Your Investing Business
Posted on March 6, 2016 byThe last several months have been huge for real estate investors and homeowners who are fighting back against the banks. Court case after court case has been decided in the homeowners’ favor, and things are only looking better going forward. JPMorgan Chase has just been ordered to pay an additional $48 million in fines for using fabricated documents and now we find out that since 2014 the banks have been buying rescission insurance. But what does all of this mean for real estate investors?
In November of 2012, the president of DOCX, a subsidiary of LPS, pled guilty to producing over one million fraudulent mortgage assignments to be used in foreclosures. In many of these cases, the assignment was created to “prove” that a trust had acquired the mortgage on which it was trying to foreclose. This wasn’t some mistake; signatures were forged, job titles were made up, and notarizations were added after the fact to make things look above board. These fraudulent assignments were used in trusts controlled by Wells Fargo, US Bank, HSBC, Deutsche Bank, Citibank, Bank of New York, and JP Morgan Chase among others. Read More→
How to Master Your ADHD: Turning a Weakness Into a Strength
Posted on March 6, 2016 byIt’s a LOT more common than you might think. Many doctors label it as a ‘disease,’ and often prescribe medication as a way to make their patients feel “normal” (whatever that is).
It can drive teachers crazy, and make many seemingly normal people feel like there’s something wrong with them.
Of course I’m talking about ADHD: Attention Deficit Hyperactivity Disorder. Did you know that it’s a very common trait among entrepreneurs??
So if you’re reading this, there’s a good chance you feel affected by it – or might know someone close to you who is. Read on…
The typical ways that this can affect you include: Having trouble focusing on one thing at a time; Constantly getting distracted by things or people; Having challenges getting back to what you were working on before you got distracted, and so on… Read More→
John Hyre
Posted on March 4, 2016 by
John Hyre is a tax attorney, accountant and real estate investor with 20 years of experience. He consults with real estate investors, small business owners and self-directed IRA/401k owners nationwide. He also represents taxpayers in audits and in Tax Court nationwide. He frequently speaks nationally on the topic of taxation of self-directed IRA’s/401k’s, taxation of real estate & small businesses, and asset protection. John invests in low-income single family houses, mostly in Columbus, Ohio.
Atlanta REIA Meets on March 7th at Doubletree Hotel Roswell
Posted on February 29, 2016 by& Vendor Trade Show
Tax Attorney, Accountant & Real Estate Investor
Atlanta REIA Members Can Attend at No Charge. This month,
Guests Can RSVP Online Now for $20 or Pay $25 at the Door.
Our next Atlanta REIA Main Meeting will be on Monday, March 7th at 5PM. Please make note, starting this month, we will be meeting at the Doubletree Hotel Roswell located at 1075 Holcomb Bridge Rd, Roswell, GA. Our special guest speaker this month will be John Hyre who will be teaching you “How to Legally & Ethically Hammer the IRS Instead of Them Hammering You Over Taxes!”
John Hyre is a tax attorney, accountant and real estate investor with 20 years of experience. He consults with real estate investors, small business owners and self-directed IRA/401k owners nationwide. He also represents taxpayers in audits and in Tax Court nationwide. He frequently speaks nationally on the topic of taxation of self-directed IRA’s/401k’s, taxation of real estate & small businesses, and asset protection.
Atlanta REIA Members Please RSVP on Meetup.com
At this meeting, John will teach you:
- What we see in audits – and why we win
- Why the IRS Appeals Office is your friend
- The number one reason investors lose audits
- How to pay for K-12 education tax free
- Self-Directed IRA’s: High (but manageable) risk, high reward
- How one investor retired tax-free with 50+ free & clear rentals in his Roth IRA generating $250k+ per year tax free
- How to pay for medical tourism tax-free
- Choice of Entity 101
- And much, much more!
All this is happening at Atlanta REIA on Monday, March 7th at 5PM at the Doubletree Hotel Roswell located at 1075 Holcomb Bridge Rd, Roswell, GA. So don’t miss this rare opportunity to learn all about avoiding excessive taxation from a Tax Attorney, Accountant and Real Estate Investor all in one! 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!
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 Real Estate Expert, Don DeRosa
Since we are moving to a new location this month that has a lounge, we are going to try something new… “The Expert Bar”. This is where we bring in a local real estate expert and let you ask them questions during the trade show and before the main meeting.
Since this is our first time to have an “Expert Bar”, we we may start out in the Doubletree Lounge, but may end up moving into the main meeting room depending on how many people show up and how much much space we take up in the hotel lounge which is not very big. Purchasing beverages is optional, but recommended to keep the hotel happy.
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.
After the conclusion of the Atlanta REIA Main Meeting, we will be reconvening at Coldbrews Sports Bar & Grill located at 880 Holcomb Bridge Rd in Roswell, GA at 9:30 PM 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 at Coldbrews, 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.
Air Conditioning Experts, Inc. – For all your air conditioning services throughout Atlanta, contact Air Conditioning Experts. We have all the training and experience necessary to ensure the success of your home cooling system.
Solutions Realty Network – Providing expert property management and investment services since 2003. You invest and we take care of the rest! We’re the solution to all your real estate needs. 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>>
New Western Acquisitions – A full service Real Estate Brokerage that specializes in helping investors in acquiring inventory, securing contractors and lenders, as well as aiding in the liquidation of these assets. 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>>
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>>
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 >>
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>>
Craftbuilt, Inc. – We are a Metro Atlanta design-build construction firm specializing in whole-structure renovations, restorations, and new construction. No matter what the situation, we are up to the challenge! 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>>
American IRA – The American IRA mission is to provide the highest level of customer service in the self-directed retirement industry.
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>>
Atlanta Carpet Services, Inc. – Providing carpet, wood, vinyl, and tile, ACS is dedicated to every aspect of your floor covering needs from initial consultation to the sale and follow-up services. Read More>>
Fuller Center for Housing of Greater Atlanta – A faith-driven, Christ-centered, non-profit organization dedicated to providing adequate shelter for people in need in the Greater Atlanta area. Read More>>
Secured Investment Lending
Crown Realty Group
Equitable Consulting, Inc.
Bookkeeping & IRA Investing Workshop with John Hyre on March 19, 2016
Posted on February 29, 2016 byMarch 19th from 9AM to 5PM
At Keller Williams Decatur
A Full Day Workshop Presented By Attorney, Accountant & Investor John Hyre
Lots of Q&A, Off The Clock
Be sure to join us on Saturday, March 19th, 2016 at Keller Williams Metro Atlanta located at 315 W. Ponce De Leon Ave, Suite 100 in Decatur, GA with for a Full Day Workshop with Tax Attorney, Accountant and Real Estate Investor, John Hyre. At the Workshop, John will spend 7 full hours teaching you how to ethically and legally hammer the IRS and protect your assets.
More specifically you will get…
3 1/2 Hours of Real Estate Bookkeeping Basics in QuickBooks
We’ll put QuickBooks up on the screen LIVE and set up a real estate company, step-by-step:
- Funding the company
- Getting Property Purchases & Sales on the Books
- Producing an Income Statement for Each Property
- Producing a Balance Sheet for Each Property
- How to record everyday transactions – writing checks, making deposits, etc.
If you are not keeping excellent books, you:
- Are subject to AUTOMATIC IRS penalties
- Are overpaying your return preparer
- Cannot plan to minimize your taxes
- Can forget about your entities providing asset protection
- Don’t know your business!
3 1/2 Hours of IRA/401(k) Questions & Answers
Learn the basics of what you can and cannot do with an IRA/401(k), both with your own and when using money from others’ accounts. Learn high-yield techniques to balloon income, tax-free of course. How to avoid disqualification of IRA (Prohibited Transaction Rules) and avoid paying tax in IRA (UBIT or Unrelated Business Income Tax). How to use LLC’s in IRA, including deciding whether or not LLC makes sense for you. Examples of investments in IRA, including how to super-charge rentals, how many flips can be run and other RE-related techniques. Plain English format, open for Q&A throughout.
Prohibited Transaction Rules
- How Aggressive Should One Be with IRA Tax Rules?
- Impact of Prohibited Transaction on your IRA
- Related Parties
- Related Parties Most Everyone Knows About, Review
- Traps to Avoid: More Subtle Related Party Rules Designed to Disqualify Your IRA
- Sole Benefit/Indirect Benefit Rule
- Much More Subtle & Dangerous Than Related Party Issues, Rarely Discussed
- For example, why renting IRA-owned condo to your boss at full rental rates with no discounts ruins your IRA
- Issues With Overly Clever Transactions
- Options
- Participating Loans
- Assignments
When IRA’s Are Taxable: UBIT (Unrelated Business Income Tax)
- Use of Debt in an IRA
- When it’s taxable, when it is not
- Taxable Trade or Business in an IRA
- Buy/Sell/Flip Transactions as a Trade or Business
- Rentals as a Trade/Business
- When Does Eating the Tax Make Sense?
IRA-Owned/Checkbook LLC’s
- Asset Protection – does your IRA Need It?
- Partnering – Advantages & Disadvantages of LLC When Partnering
- “Checkbook” Privileges – Do You Need to Write the Check NOW?
Get all this and a FREE Lunch at Taco Mac for a mere $69 per person for Gold Members, $99 for Silver Members & $129 for Non-Members and Guests. Workshop prices will increase to $99 per person for Gold Members, $129/person for Silver Members and $159/person for Non-Members and guests after early registration expires, so register now and save!
PLEASE NOTE: Workshop date, time and location are subject to change. Workshop prices will increase to $99/person for Gold Members, $129/person for Silver Members and $129/person for Non-Members after early registration expires.
Learn All About Buying & Selling Houses on Auction.com
Posted on February 22, 2016 bywith Bob Townsend of Auction.com
February 24th, 6:30PM
1960 Skylar Hill Dr, Suite D, Buford, GA
We are excited to announce that this month at the Atlanta REIA North monthly meeting, our special guest speaker will be Bob Townsend of Auction.com. The meeting will be held on Wednesday, February 24th at 6:30PM located at 1960 Skylar Hill Dr, Suite D, Buford, GA. At the meeting, Bob will be discussing the benefits of working with Auction.com as an investor. They will also show you Auction.com’s products and services you can benefit from and how to use the Auction.com website.
Auction.com offers many products and services for its clients. As an investor, you can benefit from utilizing these resources to acquire deeply discounted properties. Come on out on Wednesday, February 24th. You are sure to meet some great individuals and make lasting connections that will help propel your business in the right direction. We look forward to seeing you there!
Atlanta REIA Members Please RSVP on Meetup.com
if you have a meetup account.
The Atlanta REIA North meeting is held on the 4th Wednesday of each month at 6:30PM at 1960 Skylar Hill Dr, Suite D, Buford, GA.. Atlanta REIA members can attend this meeting for FREE and guests and non-members can pay just $10 at the door OR pre-register online for only $5! Plan to get there early at 6PM to eat and network before the meeting begins. There will be lots of learning and lots of networking. Bring your deals and your haves, wants and needs to the event.
We look forward to seeing you at the meeting!
After the conclusion of the Atlanta REIA North Meeting (after 9:30PM), we will be reconvening at the Tannery Row Ale House located at 554 W Main St in historic downtown Buford, GA for the “Meeting after the Meeting”. We may arrive late if the Atlanta REIA North Meeting runs late. So please come eat, drink, network and have fun with us as hang out late into the night!
Learn Personal & Business Tax Tips at Commercial Group on February 25th
Posted on February 22, 2016 byFebruary 25th at 11:30AM @ 5 Seasons
Atlanta REIA Members Attend for FREE and Guests for Only $5 at the Door.
Guests can join Atlanta REIA for Only $100/year and Attend for FREE!
The Commercial & Multi-Family Group meets on Thursday, February 25th at 11:30AM at the 5 Seasons Brewing located at 5600 Roswell Rdwith your hosts Steve Brown and Bill Ham. This month, special guest Glenn Sarver, Tax Consultant, and Steve Brown will be discussing personal and business tax situations, solutions and tax tips.
At the meeting Glenn and Steve will discuss…
- Changes for 2016
- How to Prevent IRS Audits
- Deductions you may have missed
- The most important Real Estate Tax Savings “DEPRECIATION BUILDING AND LAND”
- And much, much more…
Additionally, Steve will discuss his $40,000 Land Depreciation on his Assisted Living Facility as well as his favorite Business Deduction… “MILEAGE” and how he deducted $15,300 in 2015. If you drive to any of our Real Estate Meetings and presently don’t use the mileage deduction, THEN YOU DON’T WANT TO MISS THIS MEETING!!!
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 & Guests Please RSVP on Meetup.com
