What’s Happening at Atlanta REIA for the Week of May 13, 2013

Wednesday is the Atlanta REIA North Meeting with Gordon Catts and Steve Brown on “Real Estate Strategies For a Changing Marketplace” which will be followed by Late Nite Networking at the Mall of Georgia Taco Mac after the meeting. Thursday is Haves & Wants with Joe Thompson at 5 Seasons Brewing in Sandy Springs, GA.

The real estate market in the Atlanta Metro Area has changed dramatically in the last 6 months. It has gone from a buyer’s market to a seller’s market due to the inventory shortage.

• Hedge Funds are stepping all over each other purchasing foreclosures and are running up the prices.
• The “courthouse gang” is now being routinely out bid by kids with cell phones and iPads who are receiving their bidding instructions from people we never see, who are sitting in front of multiple computer screens hundreds or thousands of miles away from the fray.
• Listed REO’s are often selling well above the list price. When a new listing hits the market, within 24 hours there are multiple offers and the house is put under contract.

With all this excitement going on, it’s the perfect time to get together and examine other possible investment strategies and that is exactly what we are going to do at our next Atlanta REIA North Meeting. Please join us on Wednesday, May 15th at 6:30 PM at 1960 Skylar Hill Dr, Suite D, in Buford, GA where Gordon Catts will be joined by Steve Brown to discuss this important topic. Together Steve and Gordon bring decades of valuable insight to this topic. Bring your questions, concerns, answers and insights for discussion with the group. Atlanta REIA Members can attend for FREE and non-members can attend this month only for FREE as well.

After the conclusion of the Atlanta REIA North Meeting (after 9:30 PM), we will be reconvening at the Mall of Georgia located at 3250 Woodward Crossing Blvd in Buford, GA for the “Meeting after the Meeting”. We may arrive late if the Atlanta REIA Meeting runs late. So please come eat, drink, network and have fun with us as hang out late into the night!

Haves and Wants is a weekly investor’s networking, brainstorming and deal making jam session hosted by Joe Thompson and held every Thursday at 5 Seasons Brewing at the Prado from 1:30 PM till approximately 3:00 PM. This group has been meeting for over 6 years and is all about networking, sharing information, doing deals and making money right now. Be sure to bring lots of your business cards and flyers and be prepared to promote your business and/or your haves, wants and deals with our group. If you are a real estate player or want to be, this is one meeting you don’t want to miss!

5 Seasons Brewing is located at 5600 Roswell Rd (map) inside the Perimeter at the “Prado” in Sandy Springs. The all natural, organic food at the 5 Seasons is excellent and the hand-crafted beer is even better! Come out and eat, drink, network and share your deals with us! There is no charge to attend this meeting for Atlanta REIA Members or guests. Please come early and stay late. We would love to have you!

JUST ANNOUNCED: The Beginning Investors Group (BIG) is going back to a monthly meeting format starting Monday, May 20th at 6:30 PM at Hudson Grille located at 6317 Roswell Rd NE in Sandy Springs, GA. This meeting is FREE for Atlanta REIA Members. Guests and Non-Members can pay $20.00 at the door or RSVP Online for $10.00.

This month at BIG, local real estate expert and mentor, Russ Hiner, will be teaching new investors how to negotiate win-win real estate transactions with buyers and sellers. As you know, having the right negotiating skills is essential for putting together real estate deals that are not only profitable for you, but meet the needs of your buyers and sellers. If you want to learn how to start negotiating like a pro, this is a BIG Meeting you don’t want to miss! Join us and Russ will teach you:

• The number one reason why most people will not negotiate
• How to break negotiation deadlocks
• How to spot and stop negotiation tactics that will put you on the defensive
• How to “read” people so you can be a better negotiator by giving them what they want and getting what you want
• Tips and tactics for face-to-face negotiations
• All this and much more!

After his “Negotiating for Newbies” presentation, Russ will be calling for volunteers to join him in the “hot seat” for some live, face-to-face role playing negotiations.

After the meeting, there will be Late Night Networking for anyone who wants to hangout, network and have some late night fun. This will be a terrific meeting with powerful information, an interactive crowd and networking with experienced investors who will be in attendance as well so come join us!

The Atlanta REIA Onsite Renovation Group (ORG), led by Aaron McGinnis of Craftbuilt Properties, is an new educational and networking group that focuses on the acquisition, renovation and retail resale (fix and flip) of single family residential homes in the Atlanta area. The Onsite Renovation Group meets on the 3rd Tuesday of each month at NOON at an active renovation site, build site or rental property which will vary from month to month.

On Tuesday, May 21st at Noon, we meet at: 1338 DeKalb Ave NE Atlanta, GA 30307. This is a true Candler Park renovation that should resell in the upper-300s or lower-400s. The project was funded by Lima One Capital, and a Lima One executive will be on site during the meeting to answer questions about the numbers, funding and the hard money process. Come on by for a great afternoon of networking, education, and gawking at what a few hundred thousand will buy in Candler Park!

The Onsite Renovation Group will focus on properties inside the I-285 perimeter and the in-town neighborhoods. The purpose of this group is to allow both new and experienced rehabbers and investors to meet, network and share knowledge and experience with “hands on” access to real property. There is currently no charge to attend these meeting.