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Learn How to Wholesale Houses Virtually with Jeff Richman at BIG Online in October

By Savannah REIA on October 20, 2017
Wed, October 25th @ 7PM on GoToWebinar
Beginning Investors Group ONLINE
How To Wholesale Virtually

with Jeffrey Richman on Oct 25th
@ 7PM on GoToWebinar

No Charge to Attend for Members or Guests
Who Attend Online via GoToWebinar.com!

Jeffrey RichmanYou may ask, "What is Virtual Wholesaling"? It is when you buy and sell properties at wholesale prices, often sight unseen, from long-distances using computers, tablets, smart phones, online references along with local help when you can get it. On Wednesday, October 25th at 7:00PM at the Beginning Investors Group Online, we will have as our special guest speaker, Jeffrey Richman, from Charlotte, North Carolina, who will show you the in's and out's of Virtual Wholesaling!

The big advantage of Virtual Wholesaling is that the investor can spread their efforts across multile markets, which can maximize their potential return on investment, especially if they are operating in a hot, crowded market area.

Jeffrey Will Show You:

Register Now!

TO ATTEND ONLINE: 7:00PM Start Time. To attend the Beginning Investors Group Online via your PC, smart phone or tablet, Register Here for the Meeting on GoToWebinar.com and you will be emailed login instructions for the event.

Once you get your Webinar Confirmation Email, you can login on about 5-10 minutes prior to the 7PM start time to reserve a spot using your PC, Mac, Tablet or Smart Phone. You can download the GoToWebinar App here on iTunes App Store or the Google Play Store.

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


Getting the Deed Subject-To Workshop with Don DeRosa in Atlanta on October 28, 2017

By Savannah REIA on October 20, 2017
Sat, October 28th at 9AM - Atlanta, GA
This Event Sold Out Last Year. Register Now!
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
Sat, October 28th 9AM-7PM
3125 Presidential Pkwy, Atlanta, GA
Bring Your iPad, Tablet or Smart Phone

Don DeRosaHave you heard what buying houses Subject-To is all about? If you want to know, or want a refresher course, then join Don DeRosa, on Saturday, October 28th from 9:00AM to 7:00PM (Registration starts at 8:30AM) at 3125 Presidential Pkwy, Doraville, 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 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.”

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!

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:

SEATING IS LIMITED: If you want to gain the cutting egde yu need to succeed and bypass your competition.

Don will give you practical tips with real life examples. Prepare to be fascinated and blown away by what today’s technology offers, and what tomorrow can bring! REGISTER NOW!!

Register Now!

*PLEASE NOTE: The 2-for-1 Early Registration Special expires on Wednesday, October 25th at midnight. Non-Members who join Savannah REIA between October 16th through October 25th, 2017 can attend the workshop for NO CHARGE. Also, Savannah REIA Members who renew their membership for an additional year on or before October 16th through October 25th, 2017 can attend the workshop for NO CHARGE as well. When joining Savannah REIA or renewing your membership, please indicate that you want to attend the workshop at no charge. You can join Savannah REIA at http://Savannahreia.com/membership.

REGISTER NOW WHILE SEATS ARE AVAILABLE for the workshop and bring your iPad, tablet or smartphone and join us at the event.

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


Download The Profit Newsletter for October 2017

By Savannah REIA on October 3, 2017
Download The Profit Newsletter for October 2017 (PDF)
The October 2017 Edition of
The Profit is Available for Download!

The Profit Newsletter - October 2017The October 2017 Edition of The Profit Newsletter, the official newsletter of the Atlanta Real Estate Investors Alliance, is now available for download. There are 46 pages this month full of upcoming meetings, workshops, webcasts, educational articles and other valuable information for your real estate investing pleasure and success. Download it and check it out!

The Profit is Atlanta REIA's digital, interactive newsletter for serious real estate investors delivered as an Adobe PDF file to read on your PC, Mac, Smart Phone, iPad or other mobile ready devices. Many of the articles and ads in The Profit contain many hyperlinks you can click to get more information online! The high res version of The Profit is "print ready" for those who want to print the newsletter on their home or business printer.

Be sure to Subscribe to The Profit by Email or Subscribe to The Profit by Text so you don't miss a single issue.

Download The Profit Now!
High Quality PDF / Low Res PDF
See Savannah REIA Events Calendar for More Events!
Read More >>


Savannah REIA Meets on October 9, 2017

By Savannah REIA on October 3, 2017
Mon, October 9th at 6:30PM @ Homewood Suites Savannah
Savannah REIA - October 9th
Homewood Suites Savannah
5820 White Bluff Rd, Savannah, GA
with Aislee Jackson

Aislee JacksonCome join us at our next Savannah REIA Monthly Meeting on Monday, October 9th at 6:30PM hosted by Aislee Jackson at the Homewood Suites Savannah located at 5820 White Bluff Rd, Savannah, GA. 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. We look forward to seeing you at the meeting!

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

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. Read More >>


7 Strategies to Increase ROI on Keeper Properties by Reducing Vacancy

By Robyn Thompson on October 1, 2017
Robyn Thompson

Here are my seven strategies to help increase your return on investment on keeper properties by reducing vacancy.

  1. Do Your Homework Before You Buy

    Location, Location, Location… Search out the areas that have low vacancy rates.  Talk to local realtors, property managers, and seasoned investors who have been renting units for over a decade before you take the plunge and buy a property.

    For example, I want to own property where supply of rental properties is low and the demand is high.  I own properties in a town where the schools are in the Top 50 Schools in America.  Demand for rental property is high and my average days on market to rent are usually less than 2 weeks.  Read More >>


    Why Improve Your Raising Capital Presentation Skills?

    By Russ Hiner on October 1, 2017
    Russ Hiner

    I believe we all need to improve our businesses. The only way to do this is intentional reflection and forensic analysis. We all can learn a better way to look at our business to stay on top of our game. The best example of this was back in 2000 when the market opened up and anyone who had credit could get into a house.  I was using an old business model to screen tenants and respond to inquiries about my properties. I had to make a change quickly because the vacancies lasted longer than needed. I learned the lesson to stay on top of the market. If you become complacent your business will drop off.

    In the last article, I wrote about sitting at the table with two sellers and working to get them to finance their house so I could renovate it. Then I would pay off the mortgage. It was a buy, fix, and sell. I will be using poetic license in referring to the “lender” as owner financing / private lending/ hard money.  Read More >>


    Rehabbing Your Way To Millions

    By Kathy Kennebrook on October 1, 2017
    Kathy Kennebrook

    In just about any real estate market I believe that there are a lot of great ways to make a fortune in real estate and one of those ways is to rehab and sell properties quickly. This is a strategy I implement on a daily basis in my own Real Estate Investing business.

    There are some excellent resources for you to use to find vacant, ugly properties to rehab and sell in virtually any price range. One of those ways is to simply use targeted direct mail campaigns like I do to find motivated sellers of ugly vacant properties or estates.

    This is a great way to find highly motivated sellers who need to sell quickly and there are great deals to be made for pennies on the dollar. Remember, your profit is made when you buy a property.  Read More >>


    Real Estate IRAs - Special Considerations for Vacant Properties

    By Jim Hitt on October 1, 2017
    Jim Hitt

    We are seeing more interest among real estate IRA enthusiasts in purchasing distressed and vacant properties. Many times, the real estate IRA investor can purchase a promising vacant property at a substantial discount to its intrinsic value, which make these properties attractive value investments – especially for those real estate IRA investors who have the capital to upgrade these properties and make them once again attractive to tenants at a reasonable rent.

    But as long as a property is vacant, there are some special considerations that investors need to consider:  Read More >>


    Why Can't You Get Sellers to Give You Seller Financing Terms? - Part 2

    By Larry Harbolt on October 1, 2017
    Larry Harbolt

    Last month I explained why sellers who live in the property they are selling usually do not have to pay high capital gain taxes. It is the exact opposite for property owners who do not live in the property they are selling. This is why I always prefer buying properties from sellers whose property is not their primary residence. These sellers will definitely have high capital gains taxes to pay if they get all cash when they sell.

    Paying high taxes can be a huge deterrent for many sellers once they understand how much they will be losing. On the other hand, if the sellers do not, or have not lived in the property as their primary residence and you can’t convince them that if they get all of their money from the sale of their property at closing they will have to pay high taxes in the year of the sale you need to explain to them...  Read More >>


    Never Take Orders From Paint

    By Bill Cook on October 1, 2017
    Bill Cook

    The late Jack Miller was one of my primary real estate investing teachers.  He was a wonderful man and an incredible educator and mentor.  It’s hard to believe that he went to heaven almost six years ago…not a day goes by that he and I don’t have a conversation in my head. 

    Jack was the type of guy who very much marched to his own drum.  One of his best quotes was: Never take orders from paint.

    Let me explain: Have you ever turned onto a street, seen the One Way sign and realized that you were going the wrong way?  What did you do – an immediate U-turn, right?  That’s what most of us would do.  But not Jack!  Jack would keep going the way he was going and say, “Never take orders from paint!”  Read More >>


    What Sales Orders Are and When to Use Them

    By Karen Bershad on October 1, 2017
    Karen Bershad

    They’re not as commonly used as invoices. But if you need them, they’re there.

    When you want to document sales that you can’t (or won’t) fulfill immediately, but you plan to do so in the future, you can’t create an invoice just yet. This is where sales orders come in.

    You may never need to create a sales order for a customer. Perhaps you have a service-based business, or you never run out of inventory. Or you simply don’t enter an order unless you know you have the item(s) in stock.

    But if you plan to use sales orders, you must first make sure QuickBooks is set up to accommodate them. Open the Edit menu and select Preferences, then Sales & Customers. Click the Company Preferences tab to open that window.  Read More >>


    Irmageddon

    By Jonathan Henrich on October 1, 2017
    Jonathan Henrich

    I hope all of you and your families affected by Hurricane Irma are all safe with little to no damage, and if that’s not the case, my thoughts and prayers are with you and your family.   Irma taught me some valuable lessons. There are more than a few, but in this article I want to share with you 4 lessons that she taught me.

    1) Worry: I’m sure many of you spent much time worrying about your family and loved ones, your safety, your rental properties, and much more. Personally, I probably took 10 years off my life with the amount of worry I experienced.

    Shantideva, an 8th century monk said, “If a problem can be solved why worry, If a problem can’t be solved, then what use is it worrying?”

    Read More >>


    Can Playing "Monopoly" Help Your Real Estate Investing Business?

    By Don DeRosa on October 1, 2017
    Don DeRosa

    "Negotiating is not something to be avoided or feared – it’s an everyday part of life." ~ Leigh Steinberg

    What does the term ‘negotiate’ conjure up in your mind?

    • A conflict where each side tries to ‘win’ by outsmarting the other?
    • A car salesman going to ”talk to his manager” about your offer, when you know he’s just going to get a cup of coffee and let you sit and stew?
    • A store clerk trying to convince you to buy something you don’t need, for more than you want to pay?

    Do you get sweaty palms and a dry throat just thinking about negotiating with a homeowner?

    I hope not! But if you do, rest easy, because it’s really not difficult, if you keep a few things in mind.  Read More >>


    Wholesaling Land - A Profitable Game to Explore

    By Frank Iglesias on October 1, 2017
    Frank Iglesias

    Land is a beautiful thing, regarded by many as something of value in many places.  Similar to home ownership, land ownership is viewed oftentimes as a significant asset that increases in value over time, in particular in areas that are more developed or developing.

    It should come as no surprise then that wholesaling land can be just as effective as flipping a house.  But there is more to land than just dirt.  There are three primary categories to consider:

    1. Undeveloped raw land – these are lots with no utilities of any kind and has never been built on

    2. Developed land – these are lots with utilities in place, may or may not have ever been built on but has been recognized by the city as at least ‘somewhat ready to go’ for construction

    3. Teardowns – these are lots with a house on them that is no longer habitable or perhaps is habitable but due to property values, age of home or other variables is better suited for demolition and new construction Read More >>


      Your Real Estate Foundation

      By Mark Jackson on October 1, 2017
      Mark Jackson

      Real estate investing has always been one of the ways that the determined investor can excel to great heights regardless of one's educational, financial, or credit level.

      I like to say there’s always time to do it right the first time.  And in that spirit, I want to prevent you from making some of the same business mistakes I’ve made by sharing some foundational nuggets I’ve learned along the way. 

      The first and most paramount tool an investor can have is a solid real estate investing education.  I cannot stress this point enough.  Investing now is made up of so many different venues, options and techniques, you have to be prepared for any and every thing you may come across.  If you aren’t prepared, that could mean leaving money on the table.  I would challenge you to have at least a general idea of the different RE investing techniques.  REIAComps is an avenue to help you see which areas are most profitable.  This will assist you in deciding what area you enjoy and in which you work well.  Read More >>


      The Devil's In the Details

      By Michael Vazquez on October 1, 2017
      Michael Vazquez

      Since being involved in investment real estate I have seen an unbelievable amount of disregard to details. At first I was surprised given that purchasing a house was such a large investment. These errors and/or lies range from rehab estimates to after repair values. Sometimes the information is an error like a typo or lack of knowledge. Other times it’s the seller, usually a wholesaler, attempting to hide the truth or sugar coat a bad situation. So like a carpenter, make sure you measure twice, sometimes three times, before you cut.

      A few days ago, I received an email from a wholesaler that usually mass emails marginal deals. This time the numbers were horrible. Here is an example of what the real estate numbers looked like:  Read More >>


      Learn Why You Don't Need Money or Credit to Buy Houses

      By Savannah REIA on September 26, 2017
      Wed, September 27th @ 7PM on GoToWebinar

      Please RSVP on Facebook

      You Don't Need Money Or Cred To Buy Houses! September 27th
      @ 7PM on GoToWebinar
      with Don DeRosa

      No Charge to Attend for Members or Guests
      Who Attend Online via GoToWebinar.com!

      Don DeRosaHave you ever watched those tv programs that show couples flipping properties for tens of thousands of dollars and wished you could do that? Do you wish that you could find something that could provide you with additional income that would make your life better? Well guess what. Real estate might be your answer and it’s easier than you think. Most people think you have to have lots of money or good cred to buy real estate. Some people even think you have to be really smart. The truth is NONE of this is true! Don’t get me wrong, having any and all of those things are helpful but definitely not needed. In fact, most of the time I prefer to teach people with none of those things because then you can’t use them as a crutch!

      This month on the BIGO broadcast, I will be showing you how to make money without any of your own money or cred. All you will need is your willingness to learn and your ability to apply simple techniques. I will show you how to identify a property, put it under contract and simply assign that contract to someone else for a fee. I will also show you how to buy properties where the homeowner just deeds over the property to you and you become the owner. Can you imagine buying properties where you never have to use your cred and never have to go to the bank ever again. Would you like to buy a new home to live in but can’t afford the down payment? That's no problem, I'll show you how.

      Here is some of the items you can learn from this session:

      • How to find properties to flip for virtually no money out of your pocket
      • How to identify what is a good deal and what is a dud
      • What three tiny pieces of paper can make you $10,000 per month
      • How to upgrade to the house of your dreams without needing a bank
      • How to buy property after property even if you have horrid cred and no money to your name
      • And Much, Much More!

      If you’ve ever said these words to yourself, “ I wish I could afford that...” then you need to be on this broadcast. This could be the most important session you go to your whole life. There are two types of people out there in this world. Those that “Dream” and those that “Do.” Which do you want to be? Be on this month's broadcast on Wednesday September 27th @ 7PM ET and let me change the statement from “I wish I could afford that...” to “How can I afford that?” Let me leave you with this thought. “ If you don’t build your dream, someone will hire you to build theirs”. Is that what you want? RSVP NOW!

      Register Now!

      The Beginning Investors Group Online ( The “BIG O” or BIGO) is an ONLINE educational group for new investors who are just getting started in real estate investing as well as “new again” real estate investors who’ve taken a few years off and are looking to get back in the game. We will be bringing in local and national real estate experts to teach new investors how to survive and thrive in our ever changing economy and real estate market. The entire purpose of this group is to help new investors get their first deal and help new again investors get their next deal. The Beginning Investors Group Online meets on the 4th Wednesday of each month from 7:00 PM ET to 9:00 PM on GoToWebinar. The main presentation will start at 7:00 PM ET and go to approximately 8:30 to 9:00 PM.

      TO ATTEND ONLINE: 7:00PM Start Time. To attend the Beginning Investors Group Online via your PC, smart phone or tablet, Register Here for the Broadcast on GoToWebinar.com and you will be emailed login instructions for the event.

      Once you get your Webinar Confirmation Email, you can login on about 5-10 minutes prior to the 7PM start time to reserve a spot using your PC, Mac, Tablet or Smart Phone. You can download the GoToWebinar App here on iTunes App Store or the Google Play Store.

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


      Declutter Your Keys: The Key Ring App Review

      By Don DeRosa on September 10, 2017
      Don DeRosa

       “The more I examine the issue of clutter, the more effort I put into combating it, because it really does act as a weight.” ~ Gretchen Rubin

      The Key Ring app is a mobile wallet that can consolidate all your store loyalty reward cards. This is a great way to keep all your cards in one place and stay organized with lists and coupons right in the app. Instead of cluttering up your physical key chain, the app allows the user to hold all the store membership cards. So, you’re never without them! It also holds gift card information, which is great! Never lose track of a gift card again. This app has over 12 million downloads, making this one of the most practical and useful apps.

      This digital wallet makes your rear facing camera a barcode scanner, just point and shoot your membership card. Just be sure to get a clear view of the barcode on the card. It will recognize all the data associated with that barcode and store it for you. To present the card in store just show your phone. The barcode for that store’s loyalty card will appear on screen that the clerk can scan at the register.  Read More >>


      The Power of a Refusal Option

      By Bill Cook on September 10, 2017
      Bill Cook

      I hate being an idiot, but when you screw up like I just did, it qualifies me to be the biggest nimrod in the land!

      The most powerful document in real estate investing is the option agreement.  Sadly, the least used and most misunderstood document in real estate also happens to be the option agreement.  Why don’t more folks know how to effectively use options to control property?  Probably because there are so few investors who have experience using options. 

      Most folks have heard of Lease Options, but what about Purchase Options, Performance Options and First Right of Refusal Options, to name but a few?  Read More >>


      Yes, You Can Short Sale a Reverse Mortgage!

      By Kimberlee Frank on September 10, 2017
      Kimberlee Frank

      Many students have asked me “Can you short sale a reverse mortgage?” and I had informed them that I have never done one before.  However, recently I have received two seller leads who have reverse mortgages that had asked for assistance in selling their homes.  A Reverse Mortgage is different from a regular mortgage that a homeowner would receive. 

      A Reverse Mortgage is normally used by elderly individuals who owned their home free and clear that don’t want to have a monthly mortgage payment, want their equity out of the home and want to continue living in their home until their death.  Here is my understanding of a reverse mortgage.  Read More >>


      Hiring Contractors for Your Real Estate IRA Property

      By Jim Hitt on September 10, 2017
      Jim Hitt

      Real estate held within a real estate IRA is no different than real estate held elsewhere. Most of the same general principles that are applicable to any other real estate investment apply to real estate IRA properties, including contractor selection and hiring. This piece will deal primarily with the specific issues that apply to real estate IRAs (as well as real estate investments held within self-directed 401(k)s, SEPs, SIMPLE IRAs and other tax-advantaged accounts).

      1. Observe prohibited transaction rules. When you own a real estate IRA, there are certain restrictions on whom you can bring on as a contractor to help fix, repair or renovate your real estate IRA properties. First of all, you cannot hire yourself. You cannot work for direct compensation or salary in any capacity in your real estate IRA. The IRS enforces very strict laws that prohibit you from using your real estate IRA to transact directly with yourself, your spouse, your children, grandchildren, parents or grandparents or those of your spouse, as well as any advisor who works with you on your real estate IRA in a fiduciary capacity. The same goes for any corporation or other business entity they control.  Read More >>


        Property Management for the Real Estate Investor

        By Kathy Kennebrook on September 10, 2017
        Kathy Kennebrook

        I firmly believe that learning how to manage your rental properties as a Real Estate Investor is instrumental to the success and profitability of your income properties and your sanity, especially in today’s market where so many investors are buying and holding property.

        As a Real Estate Investor, you don’t have to hire a property management company to manage your rentals unless you really want to. You can manage them yourself easily if you set down some specific rules for your tenants and your business. Once you reach a number of rentals where it becomes a lot more work than you want to deal with, then you may want to hire a property management service. But if you own fewer than 30 rental properties for example (I’m talking about single family homes or duplexes) you can definitely handle the management yourself by simply following a few rules.  Read More >>


        Why Can't You Get Sellers to Give You Seller Financing Terms - Part 1

        By Larry Harbolt on September 10, 2017
        Larry Harbolt

        Over the past few weeks I have had several conversations with investors who say they can never get any seller to give them seller financing terms. This just doesn't make sense to me. I have in the past, and still do have success getting seller financing terms on many of the properties I buy. After having these conversations and several days to think about what the investors said to me and why they are having absolutely no success getting the sellers to give them any type of seller financing terms is why I decided to write this article.

        One of the investors I talked with told me he is buying as many as 35 houses every month, paying cash for them.  This investor has already put together a group of private lenders who provides him with all of the money he needs to buy his properties. For him and all others who have private lenders providing them with the cash they need in my opinion have a wonderful thing going for them and I wish them much success. This article isn't for those who already have all the money they need to do their deals. This article is for the majority of investors I meet who have little or no money or they don't have private lenders who are willing to fund their deals.  Read More >>


        Recording Simple Expenses in QuickBooks Online

        By Karen Bershad on September 10, 2017
        Karen Bershad

        Tracking even the little expenses is important.

        How does most of the money you owe individuals and companies get disbursed? Do you print checks, or write them by hand? Use credit cards? Pay online through your bank’s website?

        Keeping track of your outgoing funds can be challenging, since there are so many ways to complete those transactions. But it’s important that all expenses are recorded correctly and consistently, to keep your company file accurate. In addition, so many of your expenses are tax- deductible. You don’t want to miss any of them.  Read More >>


        When Disaster Strikes

        By Michael Vazquez on September 10, 2017
        Michael Vazquez

        As most people know hurricane/ tropical storm Harvey has left a path of destruction in Texas and Louisiana. Now, only two weeks later, hurricane Irma is projected to hit Florida. These disasters do not come around as often as a foreclosure, fire, broken pipes, job loss, deaths or a number of other things but all these are life changing events in people’s lives. Keep this in mind when making an offer on their home.

        The easiest way to make a profit in real estate, much like most things, is to buy low and sell high. If you are sourcing your own deals and speaking directly to these sellers you need to fully explain the reason behind your offer.  Read More >>


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