Search Results for "ron legrand"
Constructing and Presenting Offers to Buyers
Posted on September 2, 2014 byLast month, we talked about locating buyers and finding out if they had any money and/or credit, which is the definition of prescreening them. In this issue, the next step is getting them to the point to where you have a meeting of the minds and collect a deposit so you’re only a few days away from either lease optioning it to them or selling it with owner financing. Of course, this is assuming that our exit strategy is either lease purchase or seller financing. If it’s not and your intent is to cash out with a qualified buyer, your mission is to simply determine that their credit is good enough, which is usually a credit score of 620 or better, and/or their debt ratio is good enough and they have enough down payment to satisfy FHA or the lender’s needs. This is done by putting their application in the hands of your mortgage originator and letting them come back to you and tell you whether they will qualify or not. Once that’s done, on these cash buyers, it’s just a matter of setting up an appointment with the loan originator and letting him get the application and take it from there.
But in the case of seller financing or lease purchase, now it’s up to you to be the loan committee, and to do that you’ll need to have collected the facts and then have the meeting, get the commitment and set up the closing; we can do this all in one meeting. Before you call a meeting with the potential buyers, you should know how much money they have to put down, what they can afford per month and what their credit score is. Of course, all these numbers have to be satisfactory to you. Once you have arrived to the conclusion that you like this potential buyer, you then set the meeting. This is where you will determine if they have any more to put down and if you can get any more per month from them, and make sure there’s nothing about them that turns you off so bad you do not want to move forward. Read More→
The Profit Newsletter August 2014 Edition
Posted on July 28, 2014 by
The August 2014 Edition of The Profit Newsletter is available for download just in time for our Atlanta REIA Main Meeting on August 4th. The Profit is an 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.
Pre-Screening Prospects
Posted on July 28, 2014 byLast month we talked about locating prospects, meaning buyers, and discovered that the two main ways we do it is, putting out signs and running ads on sites like craigslist. This month, we must discuss how to pre-screen those prospects when they get to us so we can determine the difference between someone we should work with and someone we should ignore.
We must start by deciding how we are going to capture these leads as we generate them. They will come in two forms: 1. Phone Call 2. Online. The first thing we must do is figure out how we are going to take the inbound calls. We use PATLive. Here, you have the choice of either having them taken live, or driving them to a voicemail box and just leaving enough information for you to decide whether you want to call them back. And here, my friend, is the key to pre-screening. The goal is to collect enough information to determine if they are worthy of your time. We’ll come back to that in just a minute.
If you use a voicemail system, check with PATLive on what’s called an IVR, Interactive Voice Response system. They can now set it up so the machine can ask several questions from your buyers without any human intervention. You might note, this is how we receive all our leads that we drive in from the radio at Global Publishing. A voice recorder handles all of the information and does a couple of upsells before they even get off the phone. This use of the IVR has changed our industry and now PATLive can make it available for you as a real estate investor. Read More→
The Profit Newsletter July 2014 Edition
Posted on July 1, 2014 by
The July 2014 Edition of The Profit Newsletter is available for download just in time for our Atlanta REIA Main Meeting on July 7th. The Profit is an 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.
Selling Houses Fast
Posted on July 1, 2014 byIn our last several issues we covered the entire process of buying houses step-by-step. Going forward, we’re going to cover the process of selling houses, but they include the same five steps, which are:
- Locating Prospects
- Prescreening Prospects
- Constructing and Presenting Offers
- Follow Up
- Close Quickly
Fortunately today, locating prospects to buy houses from you is almost free, and, in fact, many of the things you do will be free. Here in Jacksonville, where we buy 6-12 houses per month and sell them, mostly to lease option tenant buyers, there’s only a couple of things we do. The main thing is running ads online to attract buyers to call us, and obviously there’s no cost to that. The only other thing we really do is put signs out in front of houses we have ready to sell and pointer signs in several places around the house to drive people to it. Read More→
The Profit Newsletter June 2014 Edition
Posted on June 2, 2014 by
The June 2014 Edition of The Profit Newsletter is available for download just in time for our Atlanta REIA Main Meeting on June 2nd. The Profit is an 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.
Closing the Deal
Posted on May 31, 2014 byLast month, we talked about follow up and got to the point where we were ready to prepare contracts and even had a discussion on some of those. This month, we are going to finish the “closing the purchase” process regardless of what kind of deal it is we’re closing. That means getting a contract and, when applicable, getting it to the attorney and letting him or her close the deal.
There are several types of deals you will be closing. The first is a lease option with a sandwich lease which you intend to stay in and then sublease out to your tenant/buyer. The second is a lease option that you intend to assign to a buyer, which we now call an ACTS deal. The third is an owner financing deal which you intend to buy and close with owner financing and stay in the deal. The fourth is an owner financing deal which you intend to put under contract and then assign to a buyer and get out of the deal. The fifth is a taking over debt subject-to deal, which you likely intend to stay in, and the sixth is an all cash deal. The only thing left is an option that does not involve occupancy of the house or installing tenant buyers. We’ll ignore that for the sake of this article.
In the case of a lease option agreement, whether it be a sandwich or an ACTS, this agreement is signed in the house, or you leave it with the seller, and they bring it to you the day after or whenever you can get them to finally put their signature on the dotted line. Once this happens, there’s nothing else for you to do except find a tenant/buyer for the property, and when that’s done, your attorney will close the tenant/buyer with the appropriate lease option agreement while simultaneously contacting the seller and getting anything else signed we need for our own protection. Of course, this is the easiest closing you will do because as soon as the seller signs the agreement, in effect, you’re closed. There’s no formal closing at an attorney’s office until you locate the tenant buyer. Read More→
The Profit Newsletter May 2014 Edition
Posted on May 2, 2014 by
The May 2014 Edition of The Profit Newsletter is available for download just in time for our Atlanta REIA Main Meeting on May 7th. The Profit is an 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.
Quantum Coincidences
Posted on May 2, 2014 by
I’ve been known to say that “Coincidence is God’s way of staying anonymous,” and I feel like my life, and my career is proof of that! You may not know it, but I moonlight as a world famous composer. I started writing music at 17, and while I didn’t put out my first album until 1997, it’s always been a passion for me. Back in the day, my grand piano came all the way from Texas to North Carolina in the front of my 72 x 14 single wide—it never left my side.
Getting back to the world famous part, my big break came in a little known movie, an Alan Smithee Film, “Burn, Hollywood, Burn”. While the show itself wasn’t a favorite, my music was! Right after the movie came out, my family and I went on a vacation to California. I’ll never forget my wife pulling me out of the shower one morning in Palm Springs to listen to my song playing on the radio! Today, my compositions are played in stations across 22 countries, and in spite of the 8% rating on Rotten Tomatoes, I still get royalties from my Hollywood days.
Music taught me to follow my passions. I knew that work should be something I could be passionate about, and when I stepped into buying and selling homes, that was exactly what I was able to do—live and work passionately. I like to think that some of my best moments, or “quantum leaps,” come from my moments of greatest adversity. Maybe their power comes from the way they force the best out of you, and I look forward to the challenges – they always bring opportunities for something new!
Follow Up – Part 2
Posted on May 2, 2014 byAt this point, we’re down to the area where we’re ready to fill out a contract. And we’ll come back to that in step five after we get through the follow up step which is the next one on our list. But before we do all of that let’s talk about the other steps involved in getting to the point where we’re ready to fill out a contract. I guess the first one is knocking on the door at the appointment time you’ve set. What I usually do when they answer the door is say, “Hi, I’m Ron. I’m here to take a look at the house.” They’ll greet you and invite you in and I’ll say, “Can I take a walk through the house?” and they say “Yes” and I say “Okay, no dogs or naked people?” and then they chuckle and say, “No”, and I do exactly that, take a walk through the house.
My walk through the house will take less than three minutes because I’m not going to pick it a part and point out any obvious issues that the seller is already aware are there. If the walls need painted, we all know that, I don’t have to point it out. If the house has an odor, no sense in mentioning it because there’s nothing the seller is going to do about it. Regardless of what the situation is, you do yourself no good by making the seller feel small because of the issues that are readily apparent with the house. The best thing you can do is walk around, take a look, shut up, and get to the next step.
The next step, in my case, is I always simply ask the seller, “Do you have any questions?” If they say yes, I’ll answer them as briefly as I can and go on to the next step. Be careful here, when you answer questions, your goal is to answer them briefly, not get in to a teaching seminar. The worst thing you can do for yourself is get diarrhea of the mouth. Your job is to get in the house, get the job done, and get out of the house. You’re not there to make friends. You’re not there to have a fireside chat. You’re there to answer questions, get an agreement, and leave. And believe me, the seller wants you out of the house probably worse than you want to get out of it. So when you ask questions, answer them briefly, shut up and move on to the next one until they’re out of them. Read More→
Atlanta REIA Main Meeting on May 5, 2014
Posted on April 28, 2014 byAgenda for May 5, 2014
Atlanta REIA Members Can Attend at No Charge. This month,
Guests Can RSVP Online Now for $20 or Pay $25 at the Door.
PLEASE NOTE: The Atlanta REIA Meeting is being held at the Salvation Army Building located at 2090 N Druid Hills Rd NE, Atlanta, GA (Map) on Monday, May 5th at 5:00PM until 9:00PM. Atlanta REIA Members can attend at no charge and Non-Members and Guests can RSVP Online for $20.00 or pay $25.00 at the door. Non-Members can Join Atlanta REIA before the meeting and then attend the meeting for FREE!
*Please Note: Meeting agenda is subject to change.
with Jay Conner
We are excited to announce that real estate and private money expert Jay Conner is our keynote speaker for May. Jay will teach you “Where to Get the Money Now” to fund all of your real estate deals. He will teach you how he has built his buying and selling houses business into a seven figure income in less than 2 years on automatic using a simple, step-by-step system (that anyone can duplicate) which enabled him to raise $2,150,000 in less than 90 Days.
Jay is going to share the knowledge he’s acquired while creating a 7-Figure annual income in his own Real Estate Business with you! Jay’s specialty is acquiring Private Money for his renovation projects. And whether you know it or not, the difference between the rich and the “just getting by” into today’s Real Estate World…is Private Money.
A large part of Jay’s business is based on people putting up the money to make a loan so he can buy a property cheap and take advantage of the bank-owned real estate bonanza that’s going on out there right now. Jay always gets a big check when he buys a property and doesn’t even make monthly payments on his loans!
If you’re remotely interested in transforming your Real Estate Career from a frustrating hobby to a thriving 6-Figure business that churns out thousands of dollars in passive income month after month, this may be the most important meeting you attend all year!
Join us at the meeting and Jay will teach you how to:
- Never miss out on a deal because you don’t have the money to fund it
- Step-by-step, how Jay raised $2,150,000 in 90 days
- Get an unlimited amount of funds for your deals
- Tap into Jay’s Private Lender Data Feed of over 8000 private lenders who are waiting to fund your deals
- Get 2 big checks every time you close a deal… one when you buy and one when you sell
FREE BONUSES JUST FOR ATTENDING: Jay will be giving away several bonuses for all those who attend:
Free Gift #1: Jay’s National Best-Selling Book – “The New Masters of Real Estate: Getting Deals Done in the New Economy”: This book, packed with quality content, shows you how Jay built his house buying and selling business to a 7-Figure Income in less than 2 years on how he now runs it on autopilot!
Free Gift #2: “The 5 Myths About Private Lending-Exposed!” CD: On this CD, Jay not only reveals 5 myths about private lending, but he will also tell you the amazing discovery he made that helped him raise $2,150,000 in private funds in less than 90 Days!
Free Gift #3: Jay Conner’s Secret “Unlock the Vault” Resource: Discover how to find Existing Private Lenders right in your local area who are ready and willing to fund your deals regardless of your credit or experience!
A New Group for Doing Creative Quick Turns
The Atlanta Homebuyers Society (AHS) is a brand new mastermind group that is forming now for persons interested in buying and selling houses for fun and profit. The program consists of the sharing of information and experiences among participants in the program related to their efforts, successes, and mistakes in regard to buying and selling real estate. The purpose of the group is to help participants become better and more profitable real estate investors and to share in those profits.
At 4:00 PM in the Main Meeting Room, the Atlanta Homebuyers Society is having its 2nd meeting for all those who may be interested in participating in the program. At this meeting, interested participants will learn more about the program, meet group leaders and learn how to apply for the program.
Four (4) AHS Groups are now forming now in Atlanta. Russ Hiner, Rock Shukoor, Leslie Mathis and Gordon Catts will each lead an AHS group consisting of five (5) members/entities each. Because of the limited number of openings in each group, the available positions will fill quickly. So if you are interested in participating in the Atlanta Homebuyers Society…
- Visit AtlantaHomebuyersSociety.com to read all about the program.
- Download the Atlanta Homebuyers Society Application.
- Complete the Application & Agreement and bring it on May 5th, 2014 at 4:00 PM.
- If you like what you hear about the Program, turn in your Application and group leaders will review your Application and let you know if you have been accepted or have been put on the waiting list.
PLEASE NOTE: The number of participants in the program is extremely limited. Once membership of the group reaches capacity, a waiting list will be created for additional applicants. If you want to be the first to be considered for the program, be sure to bring your Application and attend the meeting.
Marketing & Deal Structuring: Also on Monday at the AHS Meeting, Rock Shukoor, Leslie Mathis and Russ Hiner will be going over several different deals and the creative deal structuring the used to put the deals together. They will also be discussing how to generate the required number of leads each month per Homebuyer Society requirements so you can maximize the number of deals you do each month.
Atlanta Real Estate Market Update: Deborah Harris will be giving us a short, but detailed analysis and update the Atlanta real estate market. Join her at this mini-session where she will give you a quick recap and overview of latest changes going on in the metro area.
What’s Hot & What’s Not?
With Gordon Catts, Jim Hitt & Deborah Harris
This month we are excited to announce an Active Investors Group Meeting full of useful information. Real Estate is local in nature. One area of town may be selling quickly while another is not selling well at all. Join us at the meeting to determine what areas are active vs those that have not recovered.
Jim Hitt with American IRA will be joining Gordon Catts to present a talk on Creative Deal Structuring. With a shrinking inventory and stiff competition, having alternative buying strategies is critically important. Jim is a seasoned investor as well as an IRA Custodian. He brings years of experience as well as the benefit of observing the transactions of many seasoned investors who are using IRA Funds to transact business.
Deborah Harris, a Multi Million Dollar Producing Real Estate Agent, will be presenting an abbreviated Market Update on the Atlanta Real Estaste Market. Deborah will be doing the same update at the Atlanta Homebuyers Society Meeting as well.
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.
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See More Vendors below… Reserve a Vendor Table Here! |
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Starting at 6:00 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 6PM for your chance to be one of the first to receive a printed copy of The Profit Newsletter while supplies last.
At approximately 6:15 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 the Famous Pub located at 2947 N Druid Hills Road NE in Atlanta, GA (in the Toco Hills Shopping Center) at 9:30 PM for the All New Late Nite Networking and the “Meeting-After-The-Meeting”! The Famous Pub will be extending our members and guests food and beverage specials throughout the evening.
- Do you love hanging out with other fun loving, like-minded real estate investors who love to talk about real estate investing and doing deals?
- Do you want to work with fun, energetic people who are consistently doing deals?
- Are you always looking for new contacts and resources to build your real estate dream team?
- Do you ever have trouble putting together profitable deals and need help?
- Are you constantly looking for new leads sources as well as home buyers and sellers?
If you answered “yes” to any of these questions, then you belong at Late Nite Networking! Whether you are brand new to real estate investing or have years of experienced, everyone benefits from Late Nite Networking. Come eat, drink, connect, and have fun with like-minded real estate entrepreneurs as we network late into the night!
There is no charge for Atlanta REIA Members or guests, so bring a friend and head on down to Late Nite Networking! Just be sure you order food and beverages from the pub and tip their wait staff generously.
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>>
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>>
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>>
FirstCall Claims – Our public adjusters are experts in preparing, documenting, and negotiating claims. With more than 20 years of experience and millions of dollars for our clients, FirstCall has a solid record of improving settlement outcomes. 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>>
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>>
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>>
Atlanta Capital Funding – A privately funded hard money residential and commercial lender specializing in unconventional financing where speed and attention to special circumstances are critical. 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>>
Atlanta Private Lending – Atlanta’s premier private real estate lending company. We provide private, hard money loans to professional real estate investors for renovation and investment purposes. 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>>
Angel Oak Prime Bridge – A direct hard money lender headquartered in Atlanta. We provide renovation/construction loans for investors and builders to purchase and renovate residential properties. Read More>>
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>>
- Georgia Home Deals
Salvation Army, 2090 N Druid Hills Rd NE, Atlanta, GA
DIRECTIONS: Get off the exit at 1-85 and North Druid Hills Rd. Turn into the driveway just to the left of Krystal and follow the driveway straight back to the Salvation Army Temple. We will have some directional signs out to make it easy for you to find.
Atlanta REIA North Meets on April 16th
Posted on April 15, 2014 byPLEASE NOTE: Last week the email we requested for you to send the applications to was not working. If you attempted to send in your application last week, we did not get it. Please try resending today to applications@atlantahomebuyerssociety.com for fax to 770-216-1560.
with Dustin Griffin & Gordon Catts
On Wednesday, April 16th at the Atlanta REIA North Meeting located at 1960 Skylar Hill Dr, Suite D, Buford, GA we will be discussing the new Atlanta Homebuyers Society (AHS) which is now taking applications for new members. We will also be talking about how to generate motivated seller leads which is a major component of AHS.
The Atlanta Homebuyers Society is a brand new membership program and discussion group (a mastermind alliance) for persons interested in buying and selling houses for fun and profit that was inspired by Ron LeGrand’s Homebuyers Society in Jacksonville, FL. The program consists of the sharing of information and experiences among participants related to their efforts, successes, and mistakes in regard to buying and selling real estate.
AHS offers a combination of brainstorming, education, peer accountability, and support in a group setting to help sharpen participants’ real estate investing skills and achieve the success the desire. Participants will challenge each other to set goals, and more importantly, to achieve them.
Four (4) AHS Groups are now forming now in Atlanta. Russ Hiner, Rock Shukoor, Leslie Mathis and Gordon Catts will each lead an AHS group consisting of five (5) members/entities each. Because of the limited number of openings in each group, the available positions will fill quickly. So if you are interested in participating in the Atlanta Homebuyers Society…
- Join us at Atlanta REIA North on April 16th at 6:30PM or visit AtlantaHomebuyersSociety.com for more informaiton about the program.
- If you are interested in applying, download the Atlanta Homebuyers Society Application.
- Complete the Application & Agreement fax or email it in ASAP.
- Group leaders will review your Application and let you know if you have been accepted or have been put on the waiting list for future openings.
We hope to see you at the meeting and look forward to your participation in AHS.
