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FREE 2-Day Member Appreciation Wealthy Code Workshop

By Savannah REIA on August 25, 2015
Sat & Sun, Sept 19th & 20th @ 8:30AM - Atlanta, GA
Atlanta REIA & Savannah REIA Presents...
The Wealthy Code
A FREE*, 2-Day Member Appreciation
Workshop for
Real Estate Investors

Learn To Structure Deals For Passive Income Like the Top 1% of Investors...
Avoid Key Mistakes & Lower Your Risk!
September 19th & 20th from 8:30AM to 7:00PM
At the Crowne Plaza Ravinia, 4355 Ashford Dunwoody Rd, Atlanta, GA
Seats are Filling Fast! Almost Sold Out!

Join us on September 19th & 20th for a Special 2-Day Hands-On Member Appreciation Workshop Where You'll Learn:

Special Offer,
Register Today!

Regular Price: $797
Atlanta REIA & Savannah Members: FREE*
Non-Members:
Register before Sept 15th: $297
After Sept 14th: $497

Register Now Before All Seats Are Gone!

This is a special opportunity for 100 Atlanta REIA & Savannah Members Only. Seating is very limited and will fill up fast. Non-Members who join Atlanta REIA or Savannah REIA before all the seats are gone can attend for FREE as well.
Register Now to Reserve Your Seat!

Learn The Closely Guarded Strategies Of The Top 1% Of Passive Income Investors!

Yes, there is a secret way to wealth. At this event you'll discover what most will never know about creating passive income.

This is your opportunity to gain the strategies, skills, resources, and tools for building passive monthly cash flow into your business. Follow this formula to create a fortress around your family's financial future today... and for years to come!

Seating is VERY Limited!
Almost Sold Out!
Register Today!

George AntoneThis training is developed by George Antone, author of the best-selling books The Wealthy Code and The Banker's Code, is a financier, investor, and an entrepreneur. He is also the cofounder of the largest network of private money lenders in the world. He created MPactWealth to provide practical and proven wealth-building education for anyone anywhere.

Register Now!

*PLEASE NOTE: This event is FREE is limited to 100 members and will fill up quickly. However, there is a $25 reservation fee to hold your seat that is 100% refundable if you attend both days and stays to the very end. There will be absolutely no refunds for no shows or those who arrive late or leave early. No exceptions. Please show up on time. Date, Time & Location are subject to change.

What Others Are Saying About The Wealthy Code

Read More >>


Learn to Buy Pretty Houses

By Savannah REIA on August 22, 2015
Sat, September 26th at 9:00 AM - Atlanta, GA
Atlanta REIA & Savannah REIA Presents:
Making a Fortune Buying Houses with No Money and No Credit
The Ultimate “How To” Workshop on Buying Houses “Subject To”
A Full Day Workshop with Don DeRosa
Saturday, September 26th from 9:00 AM – 5:00 PM
At the Crowne Plaza Ravinia, 4355 Ashford Dunwoody Rd, Atlanta, GA
Bring Your iPad, Tablet or Smart Phone

Don DeRosaOn Saturday, September 26th from 9:00 AM to 5:00 PM (Registration starts at 8:30 AM) at the Crowne Plaza Ravinia located at 4355 Ashford Dunwoody Rd, Atlanta, GA, Don DeRosa will be conducting a special full day workshop with Atlanta REIA on “How To Do The New Subject To”. This class is all about how to buy and own real estate (especially Pretty Houses) and make lots of money with little or no money down.

Learn how to buy houses…

Beginner or experienced real estate investors can find immediate success using Don’s simple formula. There are six easy steps to follow when buying “Subject To.”

  1. Locating Sellers
  2. Prescreening Sellers
  3. Constructing Offers
  4. Presenting Offers
  5. Finding the Money
  6. Selling Houses

Once you learn to follow these steps you can do this over and over again for an average profit of over $20,000 per property.

There are many ways to make money in real estate and there will be something for everyone at the event. Don will be teaching you his trade secrets, including little-known buying techniques that have made him a very successful investor.

PLEASE NOTE: If you want to gain the cutting edge you need to succeed and bypass your competition, register now for the workshop and bring your iPad, tablet or smart phone and join us at the event!

Register Now!

This event will show you from start to finish how to buy “subject to” properties… from raising capital, to finding leads, to meeting with the seller and closing the deal.

This workshop is jam packed with very important topics that Don will cover such as:

See Atlanta REIA Events Calendar for More Events!
Read More >>


Peter Fortunato's One Step Beyond Seminar on September 12 & 13, 2015 in Atlanta

By Savannah REIA on August 22, 2015
Sat & Sun, September 12th & 13th @ 9:00 AM in Atlanta, GA
Peter Fortunato's
One Step Beyond
Sat & Sun, September 12th & 13th in Atlanta, GA
9AM - 5PM Both Days

Hilton Garden Inn Atlanta - Atlanta Airport Millennium Center, 2301 Sullivan Road, College Park, GA 30337

Peter FortunatoPete will present two days of lecture and discussion, with real-world case studies. This is the only presentation for One Step Beyond in 2015! Questions and Debate always encouraged! Get involved - this class is for you.

Pete describes - Using what you Want, to get what you Need, to get what you Want

Pete describes - Using what you Have, to get what you Need, to get what you Want

Some of the Documents included in this Seminar:

Location - Hilton Garden Inn Millennium - ATL Airport. Room Block - Fortunato - One Step Beyond. $89/night (includes parking). Please visit PeterFortunato.com for more info on this Seminar.

4 Easy Ways to Register: Download and complete the Registration Form and 1) Fax to: (678) 550-2155, 2) Call (770) 815-8728, 3) Email to Kim@CashflowREI.com or 4) Mail to: CashflowREI, PO Box 22, Adairsville, GA. 30103.

Class Registration fee: $350 per person for Atlanta REIA Members for 2 or more persons register together.
$450 per person for non-members.

Register Now for Pete's One Step Beyond Seminar

See Atlanta REIA Events Calendar for More Events!
Read More >>


Learn All About Home Inspections and How They Can Save You Money

By Atlanta REIA on August 31, 2015
Tue, September 1st @ 6:30PM - Golden Corral, Cumming, GA
Mountain REIA
Learn About Home Inspections and How They Can Save You $$$$!
with Special Guest, Rick Harris
September 1st, 6:30PM, Golden Corral, Cumming, GA

Rick HarrisWe are excited to announce that ASHI certified home inspector, Rick Harris, will be our special guest speaker this month at the Mountain REIA monthly meeting. The meeting will be held on Tuesday, September 1st at 6:30PM at the Golden Corral located at 2025 Market Place Blvd, Cumming, GA. Rick will be teaching us all about home inspections and why they are such a critical part of your real estate investing business.

Whenever you are buying a new home either as a rental or to rehab, you will definitely want to have that house examined by a certified home inspector. A home inspector can save you from so many headaches by bringing to light potential problems that you may not have been able to see just by walking through the property. They can also save you a lot of money by helping you more accurately figure your rehab costs prior to purchase so that you can buy smart, and earn a large profit. You could potentially only estimate a $10,000 rehab, but a thorough home inspection may find an additional $15,000 in other repairs you didn't see during your walk though. That additional $15,000 in repairs will come straight out of your pocket if you don’t factor it in before you make your offer.

You definitely do not want to miss this meeting and learn directly from a certified home inspector what he looks for in houses and how he can save you a lot of money on the front end, before you buy your next investment property. There will be a lot of learning and great networking. Make sure to bring your business cards and deals to discuss.

We look forward to seeing you at the meeting!

Atlanta REIA Membes Please RSVP on Meetup.com

Atlanta REIA Members & Guests, Please RSVP on Meetup.com

Non-Members can also attend at No Charge

About Mountain REIA

Mountain REIAMountain REIA is a new real estate investors association being formed by Gordon Catts that meets on the 1st Tuesday of the month at 6:30PM at the Golden Corral located at 2025 Market Place Blvd in Cumming, Georgia. This group is an educational and networking group that brings in local, active investors and to provide information and education in a low or no-sales environment. This group is open to everyone, so please come join local real estate investors to network, share information, and interact with local and regional experts. Please be prepared to patron the restaurant, enjoy the networking, and the outstanding information!

See Atlanta REIA Events Calendar for More Events!
Read More >>


ATTENTION: Atlanta REIA Meets on 2nd Monday in September Due to Labor Day Holiday

By Atlanta REIA on August 28, 2015
Mon, September 14th at 5:00 PM in Norcross, GA
Atlanta REIA Main Monthly Meeting
& Vendor Trade Show
Sept 14th @ Atlanta Unity, Norcross, GA
How to Structure Deals for Passive Income Like the Top 1% of Investors
with Special Guest, George Antone
MEETING CHANGED TO 2ND MONDAY THIS MONTH ONLY DUE TO LABOR DAY HOLIDAY

Atlanta REIA Members Can Attend at No Charge. This month,
Guests Can RSVP Online Now for $20 or Pay $25 at the Door.

Atlanta REIA Members Please RSVP on Meetup.com
Atlanta REIA Members Please RSVP on Meetup.com

RSVP Now!

George AntoneAtlanta REIA is excited to announce that George Antone, founder of MPactWealth, will be the special guest speaker at our Main Monthly Meeting on Monday, September 14th at 5PM. The meeting will take place at Atlanta Unity located at 3597 Parkway Lane in Norcross, GA. George will be sharing with us his years of knowledge about being an entrepreneur and investor.

Since the age of 16, George has been involved in business with several of his family's enterprises. He has become an expert at structuring deals, whether real estate, notes, or any other income-producing transactions. Most investors know how to find the deals, and many even know how to find the funds to close the deal, however, the majority of investors do not structure their deals properly and they leave themselves vulnerable down the road. You definitely don't want to be that investor. So don't miss this very important meeting.

At the meeting, George will briefly discuss what he will be going into more depth about at The Wealthy Code Workshop. He will discuss...

Don't miss this great opportunity to learn how to structure all of your income producing deals to make you more money. All this is happening at the Atlanta REIA main meeting on Monday, September 14th at 5PM at Atlanta Unity located at 3597 Parkway Lane in Norcross, GA.

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!

BonusMember Appreciation Event: Don't miss the opportunity to learn much, much more from George at the 2-Day FREE* Member Appreciation Event> on September 19th & 20th. This event is FREE* for the first 100 Atlanta REIA Members who sign up. Most seats have already been reserved, so if you have not RSVP'd yet, Reserve Your Seat ASAP!

*PLEASE NOTE: This event is FREE and limited to 100 members who RSVP. However, there is a $25 reservation fee to hold your seat that is 100% refundable if you attend both days and stay to the very end. There will be absolutely no refunds for no shows or those who leave early. No exceptions. Date, Time & Location are subject to change.

Atlanta REIA Members Please RSVP on Meetup.com
Atlanta REIA Members Please RSVP on Meetup.com

RSVP Now!

*Meeting Day Agenda
5:00 pm: Meeting-Before-the-Meeting with Don DeRosa
5:00 pm: Vendor Trade Show & Networking
6:15 pm: Updates & Announcements
6:30 pm: Haves & Wants Speed Marketing Session
7:00 pm: Networking Break
7:20 pm: Vendor Door Prizes & Giveaways
7:30 pm: Main Presentation with George Antone
9:30 pm: Late Nite Networking at Three Dollar Cafe

*Please Note: Meeting agenda is subject to change.

5 Days & 4 Nights in CancunWIN 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.

5:00 PM in Main Meeting Room
The High Tech Home Buyers Creative Deal Makers Subgroup

Sept 14th Meeting Before the Meeting
with Don DeRosa

Don DeRosaThe long awaited High Tech Home Buyers Creative Deal Makers Subgroup is here. Are you spending money on marketing and not getting any deals? Are you able to take any lead and make a deal out of it? Do you know how to make multiple offers that actually get accepted? Are you using technology to your advantage? If the answer is “NO” to these questions then you MUST attend this subgroup meeting.

Would you like to learn how to structure deals so you can buy houses with little or none of your own cash and none of your own credit? 15 hours a week... That’s all you need! Imagine… taking any seller lead and being able to create a winning deal out of it… Making thousands of dollars where you thought there were none. No more wasted marketing dollars. No more wasted phone calls. No more wasted time.

Join Don DeRosa at the High Tech Home Buying Creative Deal Structuring Subgroup on Monday, September 14th from 5PM to 6PM at the Atlanta REIA Main Meeting at Atlanta Unity where he will be teaching about a wide variety of topics each month. Don will teach you about the state-of-the-art tools and techniques you'll use to evaluate deals and figure out how to make them work – so you can work less and spend more time where you want, when you want and with whom you want.

Some topics Don will be teaching about include:

Bring your deals and Don will walk through them step-by-step and he'll show you how to easily evaluate the lead, determine your exit strategy, structure the deal, negotiate with the seller, and get the paperwork done in a snap.

Its an amazing time to be a real estate investor. Don't look back 5 years from now and wish you had acted. Learn how to buy right… Learn to Make More and Work Less, Right Now!

5:00 PM in the Main Lobby
Monthly Vendor Trade Show

Dylon Ross with XfinityAt 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.

6:15 PM in the Main Meeting Room
What’s Happening at Atlanta REIA

Dustin GriffinStarting 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.

6:30 PM in the Main Meeting Room
Haves & Wants Marketing Session

Joe ThompsonAt 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.

9:30 PM @ Three Dollar Cafe, 6050 Peachtree Pkwy, Norcross
Late Nite Networking at Three Dollar Cafe

Three Dollar CafeAfter the conclusion of the Atlanta REIA Main Meeting, we will be reconvening at Three Dollar Cafe located at 6050 Peachtree Pkwy #100 in Norcross, 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 the Three Dollar Cafe, so bring a friend and head on down to Late Nite Networking! Just be sure you order food and beverages from the cafe and please tip their wait staff generously.

Participating Meeting Vendors & Sponsors
Meeting Vendors & Sponsors
Reserve a Vendor Table Here

Networth Realty of Atlanta, LLCNetworth 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>>

Craftbuilt, Inc.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>>

Halperin Lyman, LLCHalperin 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>>

The Small Business AdvisorThe 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 DataCRS 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>>

Air Conditioning Experts, Inc.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.

Atlanta Carpet ServicesAtlanta 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 AtlantaFuller 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>>

Farmers Insurance – Sandy Springs (Jim Derrick)

Flipology with Ramon Tookes

Secured Investment Lending

See Atlanta REIA Events Calendar for More Events!
Read More >>


Savannah REIA Meets on New Night & New Location This Month

By Savannah REIA on August 10, 2015
Tues, August 10th at 6:30 PM in Savannah, GA
Savannah REIA - August 10th, 2015
Solar Energy - A New Cashflow Strategy for Real Estate Investors
with Chris McKendree
Steps to Register Your Real Estate Investing as a Business
with Judee Jones & Aislee Jackson of the
City of Savannah Revenue Department
At Quality Inn Midtown, 7100 Abercorn St, Savannah, GA

Savannah REIA Members & Guests, Please RSVP on Meetup.com
Savannah REIA Members & Guests, Please RSVP on Meetup.com

Aislee JacksonJoin us at the Savannah REIA Monthly Meeting on Tuesday, August 10th at 6:30PM at Quality Inn Midtown located at 7100 Abercorn St, Savannah, GA.

Our main speaker this month will be Chris McKendree of Paradigm Solar, LLC who will be discussing Solar Energy as a New Cashflow Strategy for Real Estate Investors.

Also, Judee Jones & Aislee Jackson of City of Savannah Revenue Department will be discussing how and why to register your real estate investing as a business with the City of Savannah.

This will be a meeting that you will not want to miss. We look forward to seeing you at the meeting!

Subscribe to Our Email List & Mobile VIP List

Subscribe to our Savannah REIA Email & Newsletter List and we will deliver The Profit Newsletter ($19.95 value) and other updates and announcements to your inbox every month for FREE!

Join Our Mobile VIP List by texting the word SAVANNAH to 912-480-9222 and get periodic text updates from us about meetings, workshops and more.

Join Our Mobile VIP Home Buyers List by texting the word ADDME to 912-480-9222 and get periodic text updates from us regarding HOT, Off Market Houses for sale.

This is our main Savannah REIA Meeting for the month, so don’t miss it! Please be sure to invite your friends to join us at the meeting and to follow us on Meetup.com and Facebook.com.

Follow Us on Facebook.com & Meetup.com

Savannah REIA on FacebookLike Savannah REIA on Facebook
Also, be sure to Like Savannah REIA on Facebook where we will also be posting any upcoming meetings, events and other useful information. You can also interact with our Facebook page and post your have’s and wants as well.

Savannah REIA on Meetup.comJoin Savannah REIA on Meetup.
If you are interested in being a part of the Savannah Real Estate Investors Alliance, investing in real estate or just want more information on our new REIA, be sure to Join Savannah REIA’s New Meetup Group so you can stay informed on any upcoming meetings and events.

See Savannah REIA Events Calendar for More Events!
Read More >>


Wholesaling FAQ For The Educated But Scared

By Vena Jones-Cox on August 1, 2015
Vena Jones-Cox

If you’re like most people, you’ve been wondering all along when we were going to discuss all the awful things you’re imagining might happen to you as a wholesaler. And I have no desire to sugar-coat things for you, but the truth is most of the things you’re imagining are extremely rare, and easily overcome. Here are some of the most frequently asked questions about such fears:

What happens if I can’t find a buyer for a property I have under contract?

If you can’t find a buyer, one of three things has happened:

As you’re probably already aware, any of these 3 failures is unlikely to harm YOU, if you exercised the recommended inspection clause. You’ll simply void the contract under that clause, or renegotiate for a lower price or more time, or in a worst case scenario, let the seller keep any earnest money as per the liquidated damages clause.

In the first case, you might try renegotiating the contract price or option price—you’ll know what to re-offer after you’ve shown the property to 4-5 people. In the other two cases, if you’re certain that you’ve created a good deal, you might consider paying the seller an additional, non-refundable option fee or deposit to extend the period of the contingency and closing. A third possibility is to buy the property yourself, although that is outside the scope of this course. Remember, as long as you have a liquidated damages clause, you’ll lose only your earnest money; if the property is controlled via an option to buy, you’ll only lose your option fee for not closing. But don’t make it a habit.

In any case, it’s important, as an ethical wholesaler, that you let the seller know as soon as possible that something has gone awry, and that you won’t be closing as promised. Read More >>


Flyp My Phone

By Don DeRosa on August 1, 2015
Don DeRosa

“The secret to multitasking is that it isn't actually multitasking. It's just extreme focus and organization.” ~ Joss Whedon

Have you ever watched a really good store manager while she works? It’s incredible! She can handle two or three customers at once, answer the phone three times while she’s at it, and approve a couple check transactions at the same time. And when you compliment her on her talent, she just shrugs and says, “I’m a multitasker.”

A few years ago, businesses were all about multitasking. Employers wanted people who could multitask. With life moving faster all the time, all of us have learned to do it to some extent. But experts now believe that multitasking isn’t really all that productive or efficient. For a lot of us, multitasking just means we do a bunch of things at once, but we don’t do any of them very well. I don’t know about you, but I’ll never be able to do what that store manager does.

So it turns out that it’s better to focus on one thing at a time. But this doesn’t fit too well with modern life. Between home, work, school, church, and hockey, it’s a wonder we ever get anything done at all.

Luckily, I don’t have to multitask anymore, because my cellphone does it for me. I can hardly remember anymore what life was like before I had an iPhone. I used to say that having a cellphone was a good idea, but not an absolute necessity. Well, it’s sure a necessity now. Read More >>


Running Your Rental Business On Auto-Pilot

By Kathy Kennebrook on August 1, 2015
Kathy Kennebrook

The rental business can be very lucrative for the real estate investor. It can also be a pain in the neck. The trick to an effective rental business is the management. We have many rentals as a part of our real estate investment business and we have always said that managing tenants is like raising another set of children unless you do it correctly.

The first thing you should do is to decide if you are going to manage your properties yourself or if you are going to have someone else do it for you. There are ways to automate these systems either way and I will discuss both. You just need to choose the system that works the best for your own needs.

You can use a property management company and run your rental business pretty much hands-off. Just remember that there are costs involved in doing it this way and you don’t have as much control. If you do choose to work with a property management company check references before doing so. In the beginning, keep a closer tab on what’s going on with your properties. Some property management companies are definitely better than others and some will take better care of your properties than others.

When using a property management company who is going to place tenants in your properties, make sure they are using a reputable tenant check company and make sure you look at the applications and tenant check reports of prospective tenants before they are placed in your property until you are sure that you and the management company are “on the same page” regarding the tenant requirements you want for your properties. Make sure your property management company understands your personal parameters when placing tenants in your properties. Read More >>


Marketing in a High Demand Market

By Frank Iglesias on August 1, 2015
Frank Iglesias

You may have heard the news that the real estate market is improving throughout the USA. While in some areas, the market improvement is steady, some markets are just hot! An interesting observation we have noticed is that private sellers in particular hear the news on Fox, CNN, CBS, etc. and immediately think their property is worth what it was in 2007 at the peak. The idea of gradual appreciation seems to escape a significant number of them as it seems at every corner everyone is saying sell! Even banks are selling REO’s at or near full retail value…before rehab!

In the midst of this, you may be hearing the phrase ‘limited inventory’ or ‘fierce competition’. And depending on your market, there is probably some truth to this. More agents are coming back on the scene. Real Estate gurus are selling Wholesale courses like M&M’s at the grocery store about how easy it is to be rich tomorrow. They all have some kind of ‘secret’ message to get deals flowing in to everyone. However, if you sell it to everyone, how is it a secret at that point?

So what is a wholesaler to do? Read More >>


Receiving Payments in QuickBooks

By Karen Bershad on August 1, 2015
Karen Bershad

It's probably one of your favorite QuickBooks activities. Be sure you understand the mechanics of recording payments.

There are numerous ways to prioritize your workday. Do the most difficult things first. Get important phone calls out of the way. Respond to various emails.

But it's likely that one activity takes precedence when you see that it needs to be done: recording payments. While you're probably very careful with this process, it's critical that your actions here are accurate. If they're not, you could either lose money that you've earned or anger tenants by requesting payments they’ve already made.

QuickBooks comes with some helpful pre-defined payment types; however, you also have the flexibility to edit that list and add new types. To see your list, open the Lists menu and select Customer & Vendor Profile Lists, then Payment Method List. This window opens: Read More >>


Setting the RIGHT Goals

By Bill Ham on August 1, 2015
Bill Ham

Improper goal setting can really hurt your business. Proper goal setting can make you rich. This is a concept that I see most new investors and real estate business owners learn the hard way. If you don’t know how to set proper goals for yourself then you are very unlikely to obtain any goal. In this article I will help you to learn the art of goal setting.

Whenever I begin mentoring a new student or business client I always start by having them submit their goals. I am actually more interested to see how this person sets goals more than the goals themselves. Most people will set goals based on what they want with little knowledge of what it takes to accomplish those goals. Understanding the requirements of the goals we set will greatly help us achieve them.

I follow a similar process for goal setting that the U.S. military follows. It’s called “Backward Planning Process”. Basically I decide where I want to be. What is my end goal? Once I know exactly where I am trying to go, I work backwards from that point. For example if I want to buy an apartment complex I start working backward with questions like this... Read More >>


Mailing for Dollars

By Kimberlee Frank on August 1, 2015
Kimberlee Frank

My students always ask me “How many letters do we have to mail in order to get a deal?” Before I answer, I want to state that the #1 reason a Seller sells their house for less is because they are motivated. An unmotivated Seller will not take less for their house, as they are not in a hurry to sell. Let me clarify the situations that make a Seller motivated:

  1. Property is upside down – they owe more than it is worth.
  2. Property taxes have increased and they can’t afford to pay them.
  3. Mortgage interest rate(s) adjusted to a higher payment that they cannot afford.
  4. Job Relocation and they can’t sell the house fast enough.
  5. Divorce or Separation will send individuals into foreclosure because they depended on two incomes.
  6. Job loss or reduction in their income.
  7. Bankruptcy – For most people who are upside down on their bills, it also includes their house payment. It is important to know whether or not your Seller is in bankruptcy or planning on it. No transfer of a property can be done while the Seller is in bankruptcy.
  8. Retirement causes a reduction in income.
  9. Insurance rates have been increased and they can’t afford the insurance.
  10. Illness, Permanent Disability or the Death of Spouse/Family Member causes individuals to get behind on their payments.
  11. Exhausted Landlords – Most of the time, the Landlords had great credit but the Tenants won’t pay and the Landlord may have used up all of their financial reserves.
  12. Economic and Functional Obsolescence The Seller may own a residential property, but it’s located in a commercial district. The floor plan of the house is old and chopped up.
  13. Business or Partnerships failing
  14. Vacant House

Read More >>


Why Real Estate and Why Not a Restaurant

By Ron LeGrand on August 1, 2015
Ron LeGrand

I’ve been in a few businesses in my life, still have a few and probably will until I check into the nursing home, and maybe even after.

When comparing buying and selling houses to other businesses, the contrast is so big, sometimes I wonder what the world would be like if all small business owners were exposed to my training before they opened their businesses.

Let’s take a look and compare to my restaurant.

You can start real estate immediately with no money, no credit and no risk and expect to make a profit within the first month or two.

The restaurant required several months looking for a location I had to build out. Then, I signed a long lease with a $7,500 deposit (albeit non-recourse). Then it took 10 months and several hundred thousand dollars to get it opened and a massive amount of my time. As to the profit…it’s been a serious negative and will take many more months to break even. Then we’ll discuss a profit, maybe.

Your real estate business has no employees, only a virtual assistant or two. That means no payroll alligator to suck you dry and no employees to manage or account for and no regulations strangling the life out of your business. Read More >>


What To Do When Sales Start To Slow

By Mark Jackson on August 1, 2015
Mark Jackson

All good real estate investors know the valuation of their deals is key to insuring success and projected profits. Since late 2013 transactions in numerous market areas have seen strong sales activity. But what to do when transactions start to slow? All the market areas covered by REIComps, insure when sales changes happen you are not caught off guard.

Last week, we began seeing a number of Support Tickets asking the question, “My retail sale properties aren’t getting multiple offers any more. What am I doing wrong? Equally, we have seen tickets which ask, “Several of our current units for sale in the same area where they have sold in less than two weeks aren’t getting showings”.

Truly, essentially these are the same question, but we had to dig deeper from a valuation perspective. Remember, when we “buy right” typically we can drive the market selling slightly lower. Or in some cases due to sound acquisition, an investor is able to improve a dwelling insuring that buyers can’t wait to make an offer. Read More >>


How Many Leads Do You Need?

By Russ Hiner on August 1, 2015
Russ Hiner

How many times does your phone need to ring to make a deal? Well, the more rings you have, the more possibilities there are, right? But here is the catch: you don’t want just any calls. You want quality calls. It doesn’t matter how many calls you get if they aren’t ones that are going to lead to getting paid.

You may have heard real estate gurus telling you how to get that phone to ring. But I can show you how to get the phone to ring so that when you answer, you’ll have a potential good deal on the other end.

First, quality calls will decrease your overhead. I typically spend $1000 per closing on marketing. In the past, I bought the latest in high tech products which were supposed to send me 10 leads per day. The problem was that, while the leads were plentiful, the number that actually worked was less than I wanted.

You see, I want to make the time that I spend worth it. I want sellers who call me so ready to sell that I can barely finish saying, “Hi, this is Russ. How may I help you?” And I want them to say, ” I heard you were the best in the Atlanta area, you pay a fair price, you are respectful, and you do what you say you are going to do. I don’t care what you offer me, I will take it because I know you will be fair. I know you can close in 30 days. I trust you.”

How can YOU get these kinds of calls? I’m about to tell you. Read More >>


Why Does Everyone Want to Become a Wholesaler? - Part Two

By Larry Harbolt on August 1, 2015
Larry Harbolt

This month I believe what I will be sharing with you can be very important to you financially as well as to build your financial freedom faster and easier. Last month I questioned why all of the so-called Guru’s are pitching how everyone should be wholesaling properties to build wealth. From my own experience as I said last month, if all you do is wholesale deals you have a job. This month I want to explain what I have experienced over the years doing this type of deal and what I have learned that keeps my buyers clamoring for more deals on a continual basis. The reason I decided to write about this subject is because without the practical knowledge of how to structure your wholesale deals, it is going to be more difficult to pass those deals along to other investors. I hope this information will open your eyes to the real world and what it takes to be more profitable.

Last month I left off by saying, if you always pay too much for the properties you wholesale, the seasoned investors aren’t going to be interested in the properties you find and you will be forced to sell or assign the purchase agreement to other people who don’t know what they should pay. This is because those people don’t really understand how to figure the numbers and once they do figure out they paid too much, it only stands to reason that they won’t want to buy more properties from you. Once word gets out you are asking too much and it will be assumed you don’t know what you are doing and investors will avoid you like the plague. Everyone wants to make an adequate profit from every deal they do or they won’t do the deal. You must realize that there are other ways to profit from real estate other than being a wholesaler. Read More >>


Four-Letter Words That Can Make You Rich!

By Tony Pearl on August 1, 2015
Tony Pearl

Ok, I admit it. I use four-letter words. A lot. Some of these four-letter words are the kind you may not like to hear if you’re a fine, upstanding person of high moral fiber. Oh well.

The OTHER four-letter words I use are awesome, and if you know how to utilize them properly, they can make you super RICH! Best of all, you can say THESE four-letter words in ANY crowd, around anyone, without having to worry about getting slapped or getting the evil eye.

So, without any further delay, I’d like to share a short list of some of my favorite four-letter words that can make you rich & are safe to say around women, kids, and Baptists. ;)

I’ll also present these words in a way that mostly applies to real estate, but I promise you that what you’re about to learn here will apply to ALL areas of your life where you want to have success!

FAIR enough? (hey! That was a four-letter word already!) Here we go…

The first word on the list is an F-Word: FLIP. Read More >>


No Seller Wants Cash – EVER!

By Bill Cook on August 1, 2015
Bill Cook

Just got a call from a realtor. She represents a homeowner who needs a quick sale. The realtor said, “Bill, my client will only consider an all-cash offer. We’re not interested in any of your creative razzle-dazzle deal structures, understand?”

Kim and I get a lot of calls like this. I’ve learned not to say, “No seller wants cash – EVER – ya dingbat!” Saying such would ruin the relationship and destroy the possibility of meeting face-to-face with the seller.

So what do you think? Do sellers really want cash or could I possibly be right?

In this situation, what if I immediately agreed to pay the seller’s $80,000 asking price – in cash? There’s only one condition: The seller must put the $80,000 on her kitchen table, cover it with plastic wrap, and agree that once a month the seller, realtor and I will get together and marvel at the big stack of money.

Sure, this is a silly stipulation that no seller would agree to. But why – since the seller is getting exactly what she wants – wouldn’t she agree to it? Think hard on this. It’s an important question to contemplate! Read More >>


Three “Golden Rules” of the Real Estate IRA

By Jim Hitt on August 1, 2015
Jim Hitt

Many of us are aware of the potential for real estate to function within our portfolio. Not only do we believe in real estate as an investment, but we know that over time, it tends to go up in value – there is, after all, only so much land to go around! But what happens when you incorporate real estate into your retirement portfolio? Do the rules change when you’re running a Real Estate IRA?

Truthfully, many of the same principles of real estate hold true when you’re investing in real estate from within a Real Estate IRA. But that doesn’t mean there aren’t some other things to be aware of – this is, after all, a different type of investment account.

Even so, you’ll find that investing in real estate through a Real Estate IRA isn’t only intuitive, but can be just as intuitive as investing in real estate from a “general investment” perspective. We’ve put together three “Golden Rules” here to not only demonstrate some of the similarities but some of the differences in investing in real estate for short-term growth and investing in real estate for retirement: Read More >>


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