Search Results for "joe thompson"

What's Happening at Atlanta REIAWe have another great week of networking at educational opportunities at Atlanta REIA this week! We have an investor round table on Wednesday a the Creative Financing Group. On Thursday, we have a Haves & Wants deal making meeting, a Small Business Group meeting on internet privacy and the Atlanta REIA South Meeting on determining property values. Come join us! Read More→

The 800 Pound Gorilla

Posted on August 3, 2011 by

Shadow InventoryAlthough the drop in default rates shows promise, the amount of shadow inventory still creates a dark loom over the future of housing prices, according to latest results from Standard & Poor’s U.S. Residential Performance Index. The shadow inventory of unresolved distressed properties is currently at an estimated $405 billion, representing a four-year housing inventory and one-third of the outstanding U.S. non-agency residential mortgage debt. The report states that full recovery will only occur once the supply of distressed properties shrinks to less than a quarter of the current volume. Additionally, the monthly liquidation and cure rates are at about 2.5%. This is due to an overall resolution rate of 5%, where these rates have lingered in the past nine months. The slowing first default rates allows borrowers to resolve loans and clear out the inventory instead of defaulting and adding additional units to the current inventory. Read More→

What's Happening at Atlanta REIAThis week is our Atlanta REIA Main Meeting for August. Come join us at the meeting for vendors, haves & wants, an Atlanta Real Estate Market Update and a training session on “Nuclear Negotiation Tactics” with local real estate expert Russ Hiner. After the Main Meeting will the “meeting after the meeting” at the Tilted Kilt. We’re also having Saturday in the Park this weekend. Come join us! Read More→

What's Happening at Atlanta REIAAtlanta REIA Members and Guests like to get together often to eat, drink, learn, network and have fun and this week is no exception! This week we have many educational and networking special interest groups that take place at lunch or dinner time. Come out and join us and let us help you take you real estate investing to the next level and beyond! Read More→

What's Happening at Atlanta REIAEven though we have postponed a few event this week until next month, like the What’s Hot and Business Opportunity Webcast and Atlanta REIA North Meeting, there is still plenty going on this week at Atlanta REIA. The Movers & Shakes Lunch Meeting is on Monday, July 18th with John Adams on his Top 10 Landlording Tips. Haves & Wants is on Thursday, July 21st for investors looking to buy or sell their deals and promote their services. And Saturday, July 23rd, Mr. Rehab himself, Pete Youngs, is going to spend a day teaching us how to get started investing in “fixer upper” properties at the Rehabbing 101 Workshop. We look forward to seeing you and one of these exciting events soon! Read More→

What's Happening at Atlanta REIAThis week the Atlanta Real Estate Investors Alliance (Atlanta REIA) is celebrating our 1 Year Anniversary our Main Meeting and Vendor Trade Show on Monday, July 11th. We also have several exciting subgroup meetings this week such as the Creative Financing Group on Wednesday as well as Haves & Wants, the Small Business Group and Atlanta REIA South on Thursday. Read More→

Haves & Wants Speed MarketingThis was the Haves and Wants Speed Marketing Session that we recorded live at our June 6, 2011 Atlanta REIA Meeting. This is a new 30 minute session at our Atlanta REIA Main Monthly Meeting that starts at 6:00 PM on the 1st Monday of the month and is hosted by Joe Thompson. The purpose of this marketing session is to help facilitate deals by giving our members the opportunity to quickly market things they HAVE and no longer want and to find things they WANT but don’t yet have. Thanks to all those of you who participated. And special thanks to Joe for hosting the session and to Alan McDonald for recording the session and improving the quality of this video each and every month. Read More→

We have a lot of exciting things happening this week at Atlanta REIA. Tuesday we have the official kick off of the Super Smart High Tech Home Buying and Selling Basics Workshop and Webcast. On Wednesday, we have the iPad Investing Workshop Part 2 with Don DeRosa. On Thursday, we have the Haves & Wants Meeting followed by the 5 Seasons Brewery Tour and Beer Tasting. Come out and join us! Don’t forget, next Monday, July 11th is our Atlanta REIA Main Meeting and Vendor Trade Show. Don’t miss it! Read More→

This is another great week at Atlanta REIA! Monday night at Atlanta REIA West, Russ Hiner will be teaching you how to hone your negotiating skills. On Tuesday at the Note Buyers Group, Tom Boyer is going to teach you how to make money buying and selling real estate notes. Thursday is the Haves & Wants Meeting for real estate players looking to do deals now. This Saturday is the “Saturday in the Park” with Atlanta REIA. Bring your family and come party in the park with us! Read More→

This week we have several excellent subgroups for intermediate to advanced investors such as Movers & Shakers, Cash Cow Commercial Group and Haves & Wants. We also have a webcast on how to get involved with Atlanta REIA (New Member Orientation) as well as a Technology Workshop with Don DeRosa on how to use the iPad. We will also be releasing a few Member Only Webcast Replays this week as well. Read More→

We Are Better Than Banks

Posted on June 23, 2011 by

We Are Better Than BanksA study by west coast foreclosure research firm, ForeclosureRadar shows that along the west coast, at least, investors beat out lenders by a substantial margin in selling foreclosed property to end buyers.  Buying short sales to flip is a great opportunity for some serious cash flow, and investors are proving to be much more adept at selling these homes than the banks that are foreclosing.

This also applies to homes bought at the foreclosure auction.  When investors buy at auction, they take an average of 95 days to resell properties in Arizona, compared to 150 days for lender organizations.  In California, auction investors offload foreclosures in 134 days compared to 227 days for banks. Investors move foreclosed property in 102 days in Nevada compared to 177 days for lenders.  The comparison in Oregon is 122 days for investors and 208 days for lenders. In Washington investors move foreclosures in 164 days compared to 212 days for banks. Read More→

This week is another exciting week at Atlanta REIA. This week, in addition to our regularly scheduled subgroups such as the East Point Group and Haves & Wants, we also have a Business Member Orientation Webcast and Jeff Kaller’s 2 Day Marketing Extravaganza. Read More→