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The Profit Newsletter – November 2013
Posted on October 31, 2013 byYou Must Login to
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The Profit Newsletter for November 2013
Abandoned Properties – One Of The Best Kept Money-Making Secrets
By Reggie Brooks
When I began my career as a real estate investor in 1985, I stumbled across a little known area of real estate that had the potential to make us a ton of money. This was an area of the market that went unnoticed by most people. This was the area of abandoned properties. Read More>>
Five Marketing Musts
By Dustin Griffin
When it comes to 800 Pound Guerilla Marketing, I have learned that the number of motivated buyer and seller leads I am able to generate only seem to be limited by the time, effort and creativity I put into the marketing process, rather than how much money I spend. When I put in the time, effort and creativity needed to successfully market my real estate investing business, the leads come pouring in on a steady and predictable basis. When I slack up, the leads often start to dry up rather quickly. Read More>>
Building a Better Blog
By Don DeRosa
Last month, if you’ll remember, I talked about starting a blog. I began with a reality check, which I’ll repeat here: Blogging can be a great marketing tool, but it takes a lot of work to keep one up. And don’t expect riches! I gave you four other tips as well: make sure you have something to say, know your goals, identify your audience, and read other blogs. Those tips are just as important when you sit down to write individual posts, too. Read More>>
The Right Title Company
By Michael Vazquez
At the beginning of the year most people only considered a deal if it was at 65% loan to value (LTV) including repairs. As the year continued 70% LTV was acceptable and then 75% LTV. Today, there are investors buying properties as high as 80% LTV. The real estate market has changed and will continue to do so. In some neighborhoods new sales are driving ARV up daily. Do not get left behind using old numbers. If you have not changed, now is the time. Read More>>
Choosing the Road to Wealth
By Kathy Kennebrook
More people are becoming millionaires today than ever before in the real estate business. So what makes these wealthy entrepreneurs so different? They chose the road to wealth and real estate as the vehicle to get there. When choosing the road to wealth, there are some important distinctions that set the truly successful people apart from everyone else. Read More>>
Making the Impossible Deals Possible
By Bill Cook
A realtor asked me to talk about a real-world example of a recent deal we did that demonstrates how we make impossible deals possible. No problem, but I ask one favor: As I describe the homeowner’s situation, BEFORE you read how we structured the deal, think about how YOU would have done it! Read More>>
Locating Prospects
By Ron LeGrand
Last month, I said we were going to spend the next few issues going through an ACTS or Sandwich Lease Option deal. The first step is locating prospects, and that’s what we’re going to cover here. Actually, this is one of the easiest steps in the multiple steps of getting through a deal and getting your first check. Today, my team does nothing but call FSBOs to get more leads than we can handle, and in fact… Read More>>
IMPORTANT: Private Money and Cash Flow
By Russ Hiner
One of the most important rules to remember is that…
Cash Flow Starts and Stops a Business. As my career has matured, I have realized that the best way for me to grow my business is by making others wealthy — making YOU wealthy. I want you to learn from my mistakes and enhance your life and your business. I know that you can do it with certain essentials in place. Read More>>
How Countrywide Created 3.5 Million Fraudulent Loans and What It Means to You
By Bob Massey
My last two articles focused on the great Securitization Swindle the banks have been perpetrating for over a decade. It was successful because the banks created such a tangled web that it was nearly impossible for everyday people, lawyers, and judges to understand what was happening. But what if they committed a comparatively straightforward fraud? Surely that would be caught and stopped, right? Read More>>
Foreign Real Estate in Your Self-Directed IRA
By Jim Hitt
Many people are surprised to learn that not only can they take direct ownership of real estate within their IRA, but they aren’t even restricted to owning land within the United States. The IRS rules regarding what you may or may not invest IRA assets in are very liberal, and there is no IRS restriction whatsoever on ownership of foreign assets, including real estate. Read More>>
Create Your Own Luck in Real Estate Investing
By Matt Larsen
Howdy! As I am writing this in early October, I’m celebrating my one year anniversary of quitting my job as well as our 50th deal, as we closed deals 48, 49, and 50 last week. We are also a couple of weeks away from our one year anniversary of our 1st deal back in late October 2012. So as I reflect back on these milestones and the last year, I wonder how to attribute our early success. Was it luck?Read More>>
Nationstar and Auction.com Take Advantage of Short Sale Sellers!
By Kimberlee Frank
Recently we were working a short sale through Nationstar who requested that the Seller sign a document allowing Nationstar’s affiliate, Auction.com, to sell our short sale. Yes, you heard me correctly! We already had a buyer, submitted all the financials to Lender, and had the BPO (Broker Price Opinion). However, they hadn’t countered the buyer yet. The form that my agent and her Seller signed stated that Auction.com was allowed to hold an auction on the property and should my agent be a dual agent on both sides… Read More>>
Negotiate Like A Pro
By Bill Ham
Have you ever made a great offer, had it accepted and then for some reason it just fell apart? This is an all too common occurrence in the real estate business. The most common reason for this is an improper negotiation prior to the acceptance of an agreement. If you view a real estate negotiation as “win/lose” situation, then you probably got the buyer or seller to agree to something that they really weren’t comfortable with. Read More>>
Contractor’s Liens – Part 2
By Jon David Huffman, Esq.
This article is the second in a two-part discussion about contractor’s liens, specifically called mechanic’s and materialman’s liens in legal terminology. In last month’s article, I pledged to discuss two important items in more detail: (1) the requirements when filing a lien and (2) the requirement to file suit to enforce a lien. Read More>>
Case Study: Piercing the LLC Liability Shield
By Dyches Boddiford
Sally and Julie grew up together and have decided to invest in real estate. They both have regular jobs, but figure they can find a property, fix it up and rent it out in their spare time. They find a good property which takes most of their savings as a down payment. They figure that over the next few months, they can get the repairs done with money earned on their regular jobs. Read More>>
Local Market Actually Does Equal Location
By Mark Jackson
As a regular writer for the Atlanta REIA and Tampa REIA, I look forward to sharing with readers current, timely concepts and ideas regarding the valuation of real estate in many markets. Perhaps even better than sharing in these articles, is knowing REIAComps helps to quickly see how the location of your market impacts the profit of a deal year to year and in some cases, month to month. Read More>>
Do You Need Help with Reports?
By Karen Bershad
It is the goal of this column to answer questions about QuickBooks and how it is used in the REI arena. Know how to record transactions in the proper way and have your set of books in good shape when it comes time for taxes. It is our intention to do this by you the members submitting questions to Karen@SmallBusinessAdvisor.biz, and getting answers here in this column. Read More>>
How to Make a Website For Fun or Profit – Part 2
By Tony Pearl
Having a free website is great! This is particularly an attractive option IF you don’t run a “real” business, or if you’re only concerned with sharing your thoughts or ideas with the world. However, if you DO run a legitimate business, or if you’re interested in making money or being perceived as legitimate… or if you want to learn how a true website is made these days, then keep reading! Read More>>
Do You Have a Burning Desire to Buy One Hundred Houses per Year? If You Do, Be Sure You Are Prepared!
By Larry Harbolt
Recently I was talking to several of my students who each said they wanted to buy 100 houses next year. These students had listened to one of the gurus who had bought and sold over one hundred houses in one year and is now teaching people how to duplicate what he had done. I listened closely to these bright eyed, inexperienced students tell me they wanted to do the same as the guru, which frightened me to death. Read More>>
Making the Impossible Deals Possible
Posted on October 30, 2013 byA realtor asked me to talk about a real-world example of a recent deal we did that demonstrates how we make impossible deals possible. No problem, but I ask one favor: As I describe the homeowner’s situation, BEFORE you read how we structured the deal, think about how YOU would have done it!
The seller had a three-bedroom, two-bath home in Acworth, Georgia. The property needed zero work – it was beautiful! Fair market value was $60,000. His mortgage balance was $92,000 – making him $32,000 upside-down in the property. The home would rent for $850 per month. His mortgage payment was $925 per month – a $75 negative cash flow. At the time, the home was vacant and costing the owner over $1,000 per month. The financial drain was killing him. One last thing: The owner HATED tenants! His last two tenants all but destroyed his investment property.
The owner just wanted done, but he wouldn’t consider doing a short sale or letting the home go back to the bank.
Can you make this impossible deal possible? What if I told you that structured creatively, this deal will make you $200 per month, risk-free…with a tens-of-thousands-of-dollars bonus at the end? Please take a few minutes to structure this deal. Read More→
Case Study: Piercing the LLC Liability Shield
Posted on October 30, 2013 bySally and Julie grew up together and have decided to invest in real estate. They both have regular jobs, but figure they can find a property, fix it up and rent it out in their spare time. They find a good property which takes most of their savings as a down payment. They figure that over the next few months, they can get the repairs done with money earned on their regular jobs.
They decide that with contractors on the property and tenants once it is fixed, they need to have a liability shield to protect them personally. They set up a Limited Liability Company and purchase the house in it.
Sally and Julie are so excited and anxious to get the rehab done that they neglect to have an organizational meeting nor do they have any subsequent meetings. They figure it is no big deal since they are close friends and talk every day anyway. They also want to save money and decide not to set up a bank account for the LLC. Julie agrees to use her account to run all the expenses through with Sally putting in half the costs. Julie then agrees to put the utilities in her name.
They also failed to get a Tax Identification Number (TIN) from the IRS. If they had opened a bank account, they would at least have gotten the TIN since banks would require it. They figured they would just work out the expenses later. Read More→
How Kim Spent Her Summer Vacation
Posted on October 15, 2013 by“Bill, you have a pretty big spot on your lung. We’re not sure what it is,” said the doctor. If he wanted to get my attention, he succeeded!
I’ve never smoked, I compete in five triathlons and do several 100-mile bike races each year, plus I go to the gym twice a week – yet there I was, wondering whether I had lung cancer.
The good news is that it wasn’t lung cancer! It turns out that the spot on my lung is a result of me having had tuberculosis when I was growing up in Thailand. No matter, the thought of dying caused me to look at many parts of my life – including our rental properties.
For most couples who own single-family rentals, one spouse is primarily responsible for taking care of the properties and tenants. In our family, it’s me.
My health scare raised some all-important questions: What would happen to our rental properties if I suddenly died? Would Kim know what to do? Could she maintain our capital assets or would she be forced to liquidate all of our investment properties?
I decided we needed to find out the answer to these questions. Read More→
The Profit Newsletter – October 2013
Posted on October 5, 2013 byYou Must Login to
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If you are already an Atlanta REIA Member, please login below. Otherwise, click here to Join Atlanta REIA to access this content and more!
Check Out These Great Authors & Articles In
The Profit Newsletter for October 2013
Make Sure Your Rental Property Always Has a Cash Flow Using the Correct Formula Before You Buy!
By Larry Harbolt I spent the last weekend attending a training event put on by one of the premier real estate teachers in the country today. As I listened to her teach phenomenal content, I kept hearing her talk about the MAO formula to determine the most that anyone should pay for any property. The basic MAO formula is… “The After Repaired Value of the subject property X 70% less Repair Costs = the most you should pay for any property” when using institutional or private financing. Read More>>
Determining Your Marketing Plan in 7 Easy Steps
By Dustin Griffin One of the things I have learned over the years about my ongoing marketing efforts is that my results only seem to be limited by how much time, effort and creativity I put into the marketing process and not how much money I spend. The more time and energy I put into the marketing of my real estate investment business, the better my results tend to be. When I decide to slack up, get lazy and not stick to my marketing plan, my results quickly diminish as a result. Read More>>
How to Make a Website For Fun or Profit
By Tony Pearl If you want to sell/educate/entertain/enlighten/etc. just about anything to anyone in the world these days, you can and should have a website. No matter what you do, you will be able to reach and communicate with anyone you desire with this incredible tool. But how do you make one? What do you put on it? What do you say? And how do you add those cool videos and funny pictures of cats on there that everyone loves? Yes, these are the questions I often hear people ask. And today, I’ll do my best to answer them for you! Read More>>
Using Your Self-Directed IRA to Invest in Hard-Money Lending – Part 2
By Jim Hitt Hard money lending can be a great place for self-directed IRA or other retirement assets. There are, however, a few things to be aware of before you commit: Hard money loans can be illiquid. If you are nearing or over age 70, pay attention to your required minimum distributions. You must make these RMDs, even if the borrower pays the loan late. You may want to earmark RMD money to come from another source besides the hard money lending part of your portfolio. Read More>>
Getting Realtors to Work For You Bringing You Even More Sellers and Buyers For Your Real Estate Investing Business
By Kathy Kennebrook Whether you are a serious investor or you’re just getting started in the real estate investing business, you need to have at least one Realtor on your “dream team”. There are many ways a Realtor can help you in your business, both on the buying and the selling side and they can play an integral role in building your business. Read More>>
What Is Securitization and Why Is It Fraudulent? Part 2
By Bob Massey In last month’s issue, I began to explain exactly what securitization is and why it is fraudulent. For several years the mortgage banks in this country were flat-out making up transactions and trusts to cover for the fact that they were pocketing their investors’ money. But that wasn’t enough for them. They bundled up the loans, intentionally loaded them with toxic mortgages to increase their rate of return, and sold them to themselves for a “profit.” Read More>>
How to Talk to Sellers and Buyers If You’re Just Getting Started in Real Estate
By Matt Larsen OK! So you have decided you want to get into real estate investing and you have gone to some real estate seminars and classes and read some books. Great! You have learned that the next step is to put out some marketing to get leads coming in, like people that want to sell their house, and hopefully at a discount. So you have started doing one or more of the following… Read More>>
To Blog or Not to Blog?
By Don DeRosa Do you have a blog? Have you ever thought about starting one? For a while there, you could be shunned if you didn’t have a blog. Every Tom, Dick, and Alice had a blog. Heck, even my second cousin Flora, the cat lady, had a blog. All God’s children had a blog! Thankfully, the hype has subsided. But the potential benefits of blogs – and pitfalls – are still there. Read More>>
5 Tips to Getting Your Next Deal Funded Creatively!
By Bill Ham Funding in the real estate business can be one of the biggest barriers to entry and one of the biggest headaches! Here are some tips to help get your next deal funded. Remember that the only thing that sellers really care about is solving their problems. Make your offers a solution to their problems. Do your homework on the seller and the property. Find out why they are selling and if the property is distressed in any way. Make an offer that solves the seller’s problems. Read More>>
Closing Short Sales Back to Back While the Money Stacks!
By Kimberlee Frank I was just up speaking for Atlanta REIA when a member asked me “isn’t closing short sales back to back illegal?” My answer was NO! He asked me, when did that change? It has never changed. He just didn’t ask the right questions to the right Attorney or Title Company. Closing a short sale back to back can only be done with full disclosure which I always do on my paperwork to the short sale lender and to the “C” Buyer. Read More>>
Dinner With The Millionaire Next Door
By Bill Cook Have you ever made a TOTAL fool of yourself – when you were least expecting to? Read on, and learn how I stepped square in the middle of it! Last night, one of my lifelong friends – Mary Ann Doering – invited Kim and me over to a small dinner party she was having for her neighbors. Mary Ann is a wordsmith and the woman who proofs my columns. Read More>>
Contractor’s Liens – Part 1
By Jon David Huffman, Esq. In this article, I begin a two-part discussion about contractor’s liens. Under Georgia law, these liens are called mechanic’s and materialmen’s liens. I call them contractor’s liens for simplicity because these liens apply to a broad array of contractors including laborers, professionals and traditional subcontractors. Read More>>
How to Get Your First Check, Step-by-Step
By Ron LeGrand Several members have asked me to lay out the steps required to get your first check with a detailed description of each. That’s exactly what you’ll get, but it’ll take several editions to get it done. You may want to copy these lessons and build your own manual as we go. Read More>>
Atlanta REIA Welcomes FirstCall Claims!
By Jeff Nix
New to the Atlanta REIA vendor family of services, FirstCall Claims is one of the largest and most experienced public adjusting firms in the Southeast, representing your best interests in the insurance claims process. FirstCall Claims exists to ensure that every last cent you are entitled to ends up in your pocket. Most people don’t realize that there are three types of insurance adjusters; only one of which has your best interests at heart. Read More>>
Working Smart: Making $5,000 From Selling Houses You Never See!
By Russ Hiner Have you ever heard the saying, “Work smart, not hard”? It’s one of my personal favorites, and I’m here as a coach to show you how you can do it. I’m guessing that when you think about buying a property, you’re assuming a lot of leg work: traveling to the property, inspecting it, doing the due diligence, and checking your numbers. Read More>>
Changing with the Times
By Michael Vazquez At the beginning of the year most people only considered a deal if it was at 65% loan to value (LTV) including repairs. As the year continued 70% LTV was acceptable and then 75% LTV. Today, there are investors buying properties as high as 80% LTV. The real estate market has changed and will continue to do so. In some neighborhoods new sales are driving ARV up daily. Do not get left behind using old numbers. If you have not changed, now is the time. Read More>>
Do You Need Help With QuickBooks?
By Karen Bershad Q: I am having difficulty reconciling my bank account. I have reviewed each entry and have found that several of my deposits do not match the amount the bank has for them. How do I see all my detail on each deposit without clicking on each one to open it? Read More>>
From Top Secret Clearance to Minimum Wage at Krystal
By Dyches Boddiford Major Zane Purdy’s life crumbled overnight… Maj. Zane Purdy was making over $100,000 a year employed by defense contracting company, General Dynamics, when his identity was stolen and sold to an identity theft and tax fraud ring. Now, Purdy makes $7.25 an hour at a Krystal to support his wife and two children. Read More>>
The Profit Newsletter October 2013 Edition
Posted on October 5, 2013 by
The October 2013 Edition of The Profit Newsletter is available for download just in time for our Atlanta REIA Main Meeting on October 9th. You can download The Profit Newsletter as a High Quality PDF or Low Res PDF for slower devices. The Profit is the official newsletter of the Atlanta Real Estate Investors Alliance and is a digital, interactive newsletter for new and seasoned real estate investors delivered as an Adobe PDF file to read on your PC, Mac, Smart Phone, iPad or other mobile ready devices with a PDF reader. Many of the articles and ads in The Profit contain many hyperlinks you can click or tap to visit websites, watch videos, listen to audios, download content, send emails, comment on articles, share socially and much more! The high res version of The Profit is “print ready” for those who want to print the newsletter on their home or business printer. Also, be sure to Subscribe to The Profit Here so you don’t miss a single monthly issue.
From Top Secret Clearance to Minimum Wage at Krystal
Posted on October 5, 2013 byMajor Zane Purdy’s life crumbled overnight…
Maj. Zane Purdy was making over $100,000 a year employed by defense contracting company, General Dynamics, when his identity was stolen and sold to an identity theft and tax fraud ring. Now, Purdy makes $7.25 an hour at a Krystal to support his wife and two children.
In 18 years of service, Purdy had never had an issue with his top secret security clearance. But once thieves stole his identity, his credit was trashed. Bad credit automatically flags someone as a national security risk and his security clearance was suspended. To add insult to injury, he has also been blocked from active duty and General Dynamics was forced to fire him.
Adding to his plight, he has tax liens levied against his property and the IRS is claiming he owes them more than $10,000 in back taxes.
You may want to believe he was careless with his information, maybe on an Internet smut site or volunteering personal information to a phone scammer. Nope.
His identity thief was a data-entry clerk at a nearby hospital! Read More→
The Profit Newsletter September 2013 Edition
Posted on September 2, 2013 by
The September 2013 edition of The Profit Newsletter is available for download just in time for our Atlanta REIA Main Meeting on September 9th. You can download The Profit Newsletter as a High Quality PDF or Low Res PDF for slower devices. The Profit is the official newsletter of the Atlanta Real Estate Investors Alliance and is a digital, interactive newsletter for new and seasoned real estate investors delivered as an Adobe PDF file to read on your PC, Mac, Smart Phone, iPad or other mobile ready devices with a PDF reader. Many of the articles and ads in The Profit contain many hyperlinks you can click or tap to visit websites, watch videos, listen to audios, download content, send emails, comment on articles, share socially and much more! The high res version of The Profit is “print ready” for those who want to print the newsletter on their home or business printer. Also, be sure to Subscribe to The Profit Here so you don’t miss a single monthly issue.
Case Study: Owner Carryback Financing
Posted on September 2, 2013 byWith the real estate markets slowing in many areas of the country, we are seeing a resurgence of owner carryback financing. Most of you are aware of the basics of such financing, but you may not have been exposed to some of the more creative approaches.
Let’s look at Jack who wants to move away from day-to-day management of his properties as he is involved in another business venture that is taking more of his time. He could just sell off his properties, pay the taxes and re-invest the proceeds in an investment that doesn’t require the management oversight.
One house Jack purchased some time ago for $100,000 is now worth $150,000. After concessions, realty fee and closing costs, Jack nets $140,000. And after the $80,000 mortgage is paid off, he has $60,000.
But hold on, federal and state taxes have to be paid. Between depreciation recapture and capital gains, taxes total about $12,000. So, Jack is left with $48,000 to invest. Read More→
What is Creative Deal Structuring and Financing?
Posted on September 2, 2013 by
I’ve written a weekly real estate investing newspaper column for more than ten years. During this time, we’ve looked at all kinds of creative deal structures and financing…but what exactly are these?
The easiest way to tell you what creative deal structuring is, is to tell you what it’s NOT. It’s not finding a house to buy at fair market value and then going to an institutional lender to get a traditional mortgage. That said, about everything else is creative deal structuring and financing.
The best deal structurer I know is Pete Fortunato. He has been one of our three primary real estate investing teachers since 1999. (The other two are Dyches Boddiford and Jack Miller.) Over the years, we’ve taken almost every seminar Pete has taught – every time he has taught it!
Much of our real estate investing knowledge comes from Pete. My biggest ah-hah Pete moment was seeing a picture of his Benefits House for the first time. These days, that picture hangs on the wall in front of my desk. Whenever considering a deal, I look at it and contemplate different ways the deal can be done. Read More→
The Profit Newsletter – September 2013
Posted on September 2, 2013 byYou Must Login to
Download The Profit September 2013
Sorry, this content is for members only.
If you are already an Atlanta REIA Member, please login below. Otherwise, click here to Join Atlanta REIA to access this content and more!
Check Out These Great Authors & Articles In
The Profit Newsletter for September 2013
Real Estate Investor Profits $68,000 Because of Her Mentor!
By Kimberlee Frank Don’t Question Having a Mentor… JUST HAVE ONE! I remember when I decided to quit my job as a legal secretary and become a millionaire in real estate! I started with Carleton Sheets’ course. Once it arrived, I was to read it and take action. Yeah, right! I found that between my J.O.B. (Just Over Broke) and taking care of my children, I was busy and distracted, so the course sat on my shelf collecting dust. About 6 months later… Read More>>
Marketing to Owners of Vacant Houses
By Dustin Griffin Last month’s article was on “Driving for Dollars and Farming with Flyers”. As you are out driving neighborhoods in search of houses to buy, you will soon discover that there are many vacant houses out there. Some of these houses are obviously for sale or rent as indicated by a sign in the yard, but many are not so obvious. These houses are just sitting empty, often deteriorating, waiting for someone like you to come along and buy them. Many of these houses appear to have been abandoned and unkept. Read More>>
How to Get a FREE Phone Number to Use in Your Business – Part 2
By Tony Pearl Here’s What We’re Going to Cover in THIS Article: A quick & easy shortcut to get to your GV options. This makes it really easy. A few secrets. You’ll need these. How to get SEVERAL Google Voice Numbers. Use ‘em for home or office! Some limitations (and how to overcome them). And finally… How to get a FREE home phone LINE (and number). Yes, it’s true! Read More>>
Coach’s Response: What Are Your Four Answers?
By Russ Hiner As the market improves, I have more and more people coming to me for coaching. I am excited about this because it means that you are taking responsibility for your success. You are reading my articles, and you are talking with me to achieve what you want in your life. Read More>>
7 Deadly Mistakes You Can Avoid – Part 3
By Ron LeGrand There’s an old saying that goes “Even a turtle won’t get anywhere until he sticks his neck out.” Another old saying (that I made up) is “You’re never going to get rich sitting on your behind and waiting for it to come to you.” You have to make it happen. You have to get things started. You have to put the wheels in motion. And if they get stopped, guess who has to get them started again. You guessed right. Read More>>
What Is Securitization and Why Is It Fraudulent? Part 1
By Bob Massey By now you have heard in the news about robo-signing, MERS, etc. and how the economy was brought down by Mortgage Backed Securities. But what, specifically, does that mean and how does it affect us as homeowners and real estate investors? As can be expected, the greatest financial fraud every pulled over in the history of the world began with taking away responsibility from banks and brokers… Read More>>
Case Study: Owner Carryback Financing
By Dyches Boddiford With the real estate markets slowing in many areas of the country, we are seeing a resurgence of owner carryback financing. Most of you are aware of the basics of such financing, but you may not have been exposed to some of the more creative approaches. Read More>>
What is Creative Deal Structuring and Financing?
By Bill Cook I’ve written a weekly real estate investing newspaper column for more than ten years. During this time, we’ve looked at all kinds of creative deal structures and financing…but what exactly are these? The easiest way to tell you what creative deal structuring is, is to tell you what it’s NOT. It’s not finding a house to buy at fair market value and then going to an institutional lender to get a traditional mortgage. Read More>>
Too-Cool Tools: Embracing Tomorrow
By Don DeRosa Remember last month, when I talked about how amazing it is that one little smartphone or tablet can do so many useful things? Well, not everyone has much use for smartphones. Take my Uncle Milt: He’s convinced that true happiness lies in a phone that’s just a phone. And he’s pretty sure iPads are, well, evil. Every time I see him, he grumbles about the latest new-fangled technology. Bad enough they invented the fax machine, he says… Read More>>
Always Do A Little Thinking Before Making Every Offer
By Larry Harbolt If I could wave a magic wand and re-live my early real estate investing career from the beginning, I think I would first try to learn more about what seller’s needs and thoughts are. I would also want to better understand the thoughts and logic that run through a seller’s mind when they are motivated and want to sell their house. Read More>>
How to Find Motivated Sellers with Almost No Money
By Kathy Kennebrook You can locate motivated sellers even if you have little or no money to work with. Way back in the early days of my business I used some very inexpensive techniques to locate very motivated sellers, since we only had a limited budget to work with like many people who are just starting out in the real estate business. Read More>>
Got Funding? Get Creative!
By Bill Ham Funding can be one of the largest barriers to entry in the real estate business. I remember the very first time I walked into a lenders office and tried to discuss funding for my first apartment complex I wanted to buy. My experience (or lack of) was immediately brought to my attention not to mention my complete lack of liquid assets (NO CASH!) Read More>>
Using Your Self-Directed IRA to Invest in Hard-Money Lending – Part 1
By Jim Hitt When a real estate developer runs into a snag, and needs additional money to complete a project, or he wants a shorter-term loan of, say, six months to six years, he frequently turns to the “hard-money” market. In a nutshell, these are lenders who are looking to get a decent return on their money, with a margin of safety. They usually do this by holding a lien on the property, or on another property the borrower owns, in a practice called “cross-collateralization.” Read More>>
How to Talk to Sellers and Buyers If You’re Just Getting Started in Real Estate
By Courtney Larsen
If someone would have told me one year ago that I would be a full time real estate investor together with my husband and flipping houses for a living, I would have laughed at them! To be totally honest, real estate was never a passion of mine and I hadn’t given it much thought until I read “Rich Dad Poor Dad.” That got the wheels turning and when Matt (the hubby) discovered the niche of real estate we now love best… Wholesaling… Read More>>
Terminating Contracts
By Michael Vazquez As investors, we all hope and wish that all of our contracts go smoothly. As much as we hate to admit it, the truth is that some things are out of our control. Appraisals, hidden renovation cost, weather and financing are just a few examples of what we have little to no control over. How one handles these obstacles is going to be what differentiates you from all the other real estate investors. Read More>>
Some Easy Real Estate Markets Around Atlanta
By Mark Jackson Though recent signs have pointed to a lessening of the ongoing housing inventory crunch, many markets in the Atlanta metro area are still experiencing shortages of homes for sale. With consistent reports of inventory overall declining in the metro area, we found some bright spots. Using REIAComps helps to quickly see the number of sales and the best prices to buy year over year. Read More>>
Answers to Your QuickBooks Queries
By Karen Bershad Q: I need to segment my balance sheet AND income statement into three departments (classes). Which version of QuickBooks can provide me with this capability? A: The lowest edition you can use to have classes on both the balance sheet and the income statement is the QuickBooks Premier. Read More>>
Atlanta REIA Welcomes the Sign Mafia!
By Jeff Nix If you’ve been around the real estate investing community for a while, you already know the Sign Mafia. They have been serving our community of interest since 2002. They are best known for their bandit signs and property marketing packages. What are bandit signs? They are any signage placed in highly visible spots, designed to generate leads for buyers and sellers. Read More>>
Atlanta REIA Main Meeting on September 9th with Kimberlee Frank on Short Sales
Posted on August 27, 2013 byGuests Can RSVP Online Now for $15 or Pay $20 at the Door.
We are having a very special offer for Members and Guests on Monday, September 12th Only at the Atlanta REIA Main Meeting…
*Non-Members & Guests who Join Atlanta REIA as a first time member for as little as $100/year can attend Kimberlee Frank’s Foreclosures Gone Wild Workshop on Sept 14th and Russ Hiner’s Wholesaling 101 Workshop on Sept 28th at NO ADDITIONAL CHARGE!
*Atlanta REIA Members who renew and extend their current membership by one year can also attend Kimberlee Frank’s Foreclosures Gone Wild Workshop on Sept 14th and Russ Hiner’s Wholesaling 101 Workshop on Sept 28th at NO ADDITIONAL CHARGE!
*Certain terms and conditions to apply. New signed membership agreement required.
Have you ever considered doing short sales as a real estate investment strategy but avoided doing so because you heard that short sales and lenders can be a real pain? Have you heard that short sales can be really time consuming and not worth the effort? If so, short sale expert, Kimberlee Frank wants to set the short sale record straight at our next Atlanta REIA Monthly Meeting on September 9th at 6:00 PM at the Crown Plaza Ravinia located at 4355 Ashford Dunwoody Road in Atlanta, GA.
Kimberlee is going to spend the evening updating us on the current state of the short sale industry, what is happening now, what is likely to happen next as well as the pros and cons of doing short sales.
She is going to break down the whole short sale process step-by-step and tell you how you can make profits of $20,000 or more without spending nearly as much time doing the deal as you might think.
Come join Kimberlee and the rest of us at the Atlanta REIA Meeting on Monday, September 9th at 5PM at the Crown Plaza Ravinia Hotel in Atlanta to learn more about how to get started short selling houses for huge profits!
WIN A CRUISE or Other Door Prizes: All participants who attend the Atlanta REIA Meeting will have a chance to win a *Complimentary 2 Day Cruise to the Bahamas with Caribbean Cruise Line! The 2 day Cruise does not include port fees, transportation and taxes. *We will also be giving away other door prizes such as Gift Cards and more! *You must be present at the meeting to win.
With Russ Hiner
Do you want to play the real estate investing game but don’t know where to start? Do you have little or no cash or credit? Want to avoid risk, repairs, tenants and toilets? Want to buy houses with no money? If so, you will be glad to know that Russ Hiner will be speaking briefly at Atlanta REIA on Monday, Sept 9th about “Wholesaling Houses for Fast Cash!“
Wholesaling is a great strategy for making quick cash, low risk, without the use of your credit, income, or money. Wholesaling houses is one of the quickest and easiest ways for new investors to get started since you don’t need a real estate license or a lot of money to start… just a little training. And once you start, with a little effort, it’s nearly impossible to keep the money from pouring into your bank account on a very regular basis. If you want to learn how to wholesale houses and get paid within 30 days after you put a house under contract, come hear Russ tell you how you can get started!
With Dyches Boddiford
At the Meeting-Before-the-Meeting
Dyches Boddiford will be our special Guest at the Active Investor Group Meeting on Monday, September 9th at 3:00 PM at Total Wine & More located at 124 Perimeter Center W (see map). Dyches will be discussing the concepts as well as the practical aspects of legal entities such as Land Trusts, S and C Corporations, LLC’s as well as General and Limited Partnerships. There are three views to every new venture – legal, tax and business. Many people leave the decision as to which type of entity they should use to their attorney or accountant. These professionals may be good at what they do, but their views are strongly influenced by their area of expertise. Dyches will touch on the legal, tax and business points you should consider when choosing an entity.
Dyches is a full time investor who speaks from experience in a variety of real estate areas. His seminars and conferences are intended for the serious real estate investor. Many of Dyches’ students travel considerable distances to listen to him. Take advantage of this rare Atlanta REIA opportunity to hear Dyches teach!
After the conclusion of the Main Meeting, we will be reconvening at the Tilted Kilt Perimeter located at 1155-B Mount Vernon Highway in Atlanta for the “Meeting-After-The-Meeting”. The Tilted Kilt will be offering half price appetizers as well as food and drink specials for our members and guests. Come eat, drink, network and have fun with us as hang out late into the night! Thanks Tilted Kilt Perimeter!
*Please Note: Meeting agenda is subject to change.
Each and every month, for the duration of our meeting, we have a Vendor Trade Show in which you can come out and meet many of our participating business members who help sponsor our meeting. Vendors can Reserve a Table Here. Thanks again sponsors!
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>>
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>>
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.
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American IRA – The American IRA mission is to provide the highest level of customer service in the self-directed retirement industry.
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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>>
Angel Oak Funding – A direct hard money lender headquartered in Atlanta. We provide renovation/construction loans for investors and or builders to purchase and renovate residential properties. Read More>>
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>>
Pete’s Friendly Home Inspections, LLC. – Pete’s provides home inspections, radon monitoring, gas/water/septic tests, checks pools/sprinklers and any other type of inspection needed to get you that next home! 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>>
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>>
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>>
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>>
Law Office of Fred P. Kross – A law firm specializing residential and commercial real estate closings, short sales, foreclosures, REOs, owner financing, contracts, probate and bankruptcy. 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>>
- Bowen’s Specialized Services
- Floor & Decor
- Southeast Closing Services, LLC.
- FirstCall Claims
- Cindrell Harry
- American family Insurance, The PARTLOWE Agency
- GA Home Deals
- GVacant Protection Investment
