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The May 2017 Edition of The Profit Newsletter is now available for download. There are 50 pages this month full of upcoming meetings, workshops, 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.Read More >>
Come join us at our next Savannah REIA Monthly Meeting on Monday, May 8th 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!
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 >>
Join us at the Note-Buying Workshop on Saturday, May 20th at 9:00 AM at 3125 Presidential Pkwy, Atlanta, GA with Donna Bauer to learn how buying notes and discounted mortgages the right way, could put you on a path of financial success. During this full day workshop, Donna will expand on the concepts she was only briefly able to talk about Monday night at the Atlanta REIA Main Meeting.
Donna will teach you specifically how to...
Plus, You will learn how to...
Donna began her note buying career over 25 years ago in search of a vehicle that would offer her financial security without sacrificing cherished time with her four children. Working from her dining room table, as she began closing discounted note deals across the country, she realized that she had found a gold mine! Now, with well over a thousand deals under her belt, her peers consider her to be the foremost subject matter expert on note buying, while her students acclaim her as being a gifted, inspiring mentor.
Come spend the day with Donna at the Note-Buying Workshop on Saturday, May 20th at 9:00 AM – 5:00 PM. If you are serious about building wealth in today’s real estate market, you don’t want to miss this workshop!
*PLEASE NOTE: The 2 for 1 Early Registration Special is for Savannah REIA Members Only and is limited to spouses, adult children and corporate partners. Early registration expires on Wednesday, May 15th at midnight. Non-Members who Join Savannah REIA between April 25th - May 15th, 2017 can attend the workshop for NO CHARGE. Also, Savannah REIA Members who renew their membership for an additional year between April 25th - May 15th, 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/.Read More >>
Are you looking for the fastest, easiest, safest way to make money in today’s real estate market? Then you need to learn about notes! Notes are the number one way to quickly make huge cash profits in real estate, even if you don’t have your own cash or credit to get started. In most cases, you never even own the property, which really makes for a fast, easy, safe way to profit in this marketplace.
Many people are buying defaulted bank loans at very steep discounts, either as a backdoor to acquiring the property or in order to restructure the note into a very high yielding, passive investment. You can use the non-performing note (NPN) as leverage to get the property, either by negotiating “Cash for Keys” or by foreclosing on the property. Even with the time and expense of foreclosing, since you are buying the defaulted notes at very steep discounts, there are still fantastic profits to be made.
If you are looking for a passive investment, then you may want to focus on restructuring NPNs to allow the homeowner to stay in the property. Many people use this as a ministry to help distressed homeowners. Even though the homeowner is paying only a nominal interest rate, you can make super high, double-digit returns because of originally buying the note at such a steep discount. Read More >>
I have always been surprised by the lack of time investors, wholesalers and even real estate agents put into properly advertising an investment deal. They all invest an endless amount of time and money on contracting a deal, only to drop the ball on the advertising side. Many times you can take the numbers, CMAs, spreadsheets, etc. that are used to advertise a property and in a few minutes pick the deal apart. Maybe it is a lack of time or knowledge but unfortunately I feel most of the time it is an attempt to mislead or just make a paycheck. Sometimes the info looks so well put together and impressive that it might even slip by an experienced buyer. Therefore you must know your numbers.
If you are a wholesaler, investor and/or real estate agent you really need to know your numbers. There is not a day I do not receive a wannabe deal that looks good at first glance. However, once I take a closer look, it is as bad as the ones I just deleted. Let us start with the most obvious mistake, the numbers. So the very first thing I do is add the recommended repairs plus the asking price and divide it by the estimated after repair value (ARV). I like for this number to be between 70%- 75% loan to value (LTV). Nowadays, this number is 80%+ which is usually not worth the headache unless the property value is higher. But even then, I try to stay away from that high of a LTV. Heck sometime the property is marketed at one LTV when it is a completely different LTV. Read More >>
I have talked about this subject many times before but because of a recent call from one of my students I felt it important to talk about this subject again. A few days ago one of my students called and told me she was facing a dilemma and was worried about losing her property. She told me that she had no money to pay for the annual property insurance coming due and for two years of property taxes. She didn’t have the money to pay for either. This seems to be a common problem many beginning real estate investor’s experience. This is a subject I knew all too well because years earlier I experienced this very same problem.
I guess part of this problem stems from inexperience and lack of knowledge. Although this is a problem for many, it can be solved very easily with just a little effort and discipline. I felt it very important to write this article hoping to save many newer investors the distress and sleepless nights this problem can cause. Read More >>
Your Credibility Kit tells a story about who you are and what you can do for your seller or buyer in order to get a deal done. It will list the benefits to the sellers or buyers as to why they should work with you, a Real Estate Investor. The other main function of a Credibility Kit is to give you the confidence you need in order to create a win-win solution for you with your sellers. It should have all the tools you need in it to get you through the offer making process.
For example, in the back of my personal Credibility Kit, I have a list of different types of offers I can make on a property. This helps me when talking to the seller and keeps me from getting tongue-tied or forgetting a strategy that could just help out that particular seller. It also includes a cost analysis sheet which shows my sellers exactly how much it would cost them to sell their home in the traditional way and how much money I can save them at the closing table. My personal Credibility Kit gives my sellers all the facts they need to make a sound decision to sell their property to me. Read More >>
Some say the best real estate investors achieve the title and results through years of experience. I would have to agree, however in saying that I would also add that the experience these people have is only a part of their success equation in real estate.
The most important components I would suggest you have in investing are solid real estate comps from REIA Comps to work with, diligence and focus on a daily personal marketing plan. That marketing plan should be developed, directed, and in tune to the local property market.
Goal setting is the primary reason for business success. It goes without saying that a lack of proper planning is the number one reason for failure. Proper goal setting involves setting a business plan in place for your business goals. To many people this sounds tedious. On the contrary, goal setters have more time, freedom, more money, and more success in all areas of their lives than those who don't. Well, it's no different with real estate investing. Read More >>
Before you start entering data, make sure QuickBooks is set up appropriately for your company.
QuickBooks was designed to serve the needs of millions of small businesses. To do that, it had to include the tools and processes suitable for a wide variety of companies. But Intuit recognized that every organization is unique, so your copy of QuickBooks can be customized in ways that make it work best for you.
You could just dive in and start adding records and transactions. But we recommend you do some setup first. If you don’t, you may run into some issues later, such as finding that some features you need haven’t been turned on, for example, or that QuickBooks is simply not doing some things the way you do. The good news is that you can change many of these. Read More >>
“I did surveillance a lot, which sounds exciting, but it never was.” ~ Miranda Lambert
The Arlo Camera System is a favorite alternative to the Ring alarm system. It’s very easy to install since it takes literally 60 seconds to set up. It is a wireless system that can be synced up with your smartphone. If you have Alexa by Amazon, this can easily integrate into your existing Samsung family of appliances.
The pros of this system start with the ease of installation. The base plug looks similar to a router, so it is a familiar input, then turn it on. Place the batteries in the case and press the ‘sync’ button. That’s it.
The interface is very user-friendly too, I set up multiple cameras on a property and it was simple to rename cameras based on their location, like ‘garage’ or ‘back door’ and so on. From the app or the desktop website, you can relabel cameras, give preference like which camera is a priority first, adjust the motion sensor and record length once the sensor is tripped. The best thing, in my opinion, is that the camera will record once you open your notification, and it will record as long as you are watching the camera in real time. You can preset time lengths to record or do it manually from your mobile device. There are options for membership features, but the free subscription allows for 1GB of online storage and continuous weekly storage. Therefore, if in that seven-day span you have videos saved, the eighth day will delete the first video on the first day of that time span. This should be fine for most because it gives you the opportunity to select and save videos to a device or PC before the week resets. Read More >>
From as early as I can remember, the same obstacles have reappeared in my life, taunting me…never feeling satisfied, never feeling good enough, never getting ahead. Even the greatest opportunities one could ask for were sabotaged, and once again the chance to be happy slipped through my fingers. As words and teaching were given, I couldn’t see through the fog of my own delusions and as I yearned for change, I was trapped, imprisoned by shackles of my own creation.
This adversity brought me to the most important question I’ve come to ask.
This won’t be the standard real estate investing topic, in fact it may not have much to do with real estate. The topic emphasis is focused on you and I, and the choices we make in life that create pain and pleasure for ourselves. Read More >>
Going to the foreclosure auction was the best way to find real estate investing deals from 2009 through 2012…talk about lots of low-hanging fruit! We were often able to buy a nice three-bedroom, two-bath home in a solid neighborhood for $35 a square foot. Then in 2013, the cheese moved. Buying on the steps was no longer the best place to get deals.
Let me explain: In April 2012, there were close to two hundred properties advertised for foreclosure in Bartow County, but at the auction, there were only five investors bidding on them. It was like shooting fish in a barrel. One year later – April 2013 – there were less than eighty properties advertised with more than fifty – that’s 50 – investors and hedge funds bidding on that handful of properties. Suddenly, because of the law of supply and demand, winning bidders found themselves paying $80 to $110 a square foot for a house. This was a huge year-over-year price increase!
Did this mean that all the great deals had disappeared? No, it simply meant that to find great deals, investors had to look somewhere else – like buying properties pre-foreclosure. Read More >>
Looking for a great place to invest your Real Estate IRA dollars? Start right here in the Southeast. The 2017 Homeunion 2017 National Single Family Rental Research Report is out and Atlanta was named the #1 top city in its “Opportunity Ranking” metric for real estate investments in the single family home market. The number two city was Orlando, Florida.
The Opportunity Ranking indicates markets that provide a “strong balance of supply/demand fundamentals while offering favorable entry prices and limited threats,” said the study authors. The markets in this index were measured by a combination of cap rates and entry prices, as well as projected job growth in 2017.
Lots of construction activity counted against markets in this category because of the risk of overbuilding.
The remaining cities in the top ten for this metric were, in order, Seattle, Las Vegas, Chicago, San Diego, Oakland, Detroit, Dallas-Fort Worth and Memphis. Read More >>
I have been mentoring for many years and have found that my best deals come from actually “speaking” directly to a Seller and working out a win-win situation. Since I first started investing back in 1998, I have not purchased a property directly from the Multiple Listing Service. However, some Investors would prefer not to talk to Sellers and would like to be fed deals from other Investors or from the Multiple Listing Service. We each have different personalities and based on your personality and your personal preferences, I may be talking to you. If this is your mind set, then I would recommend the following:
1) Find at least 2 Realtors that will be willing to set you up to receive listings that are emailed directly to you for your review, along with Expired Listings. You will want them to do a search for some of the following key words: TLC, Handyman Special, Must Sell, Seller Motivated, Short Sale, and REO. Read More >>
I think the better question is why wouldn’t someone give you $100,000 in cash? Is it because you would run off with the money? Is it because you have little to no experience in handling that kind of money? Does that thought run through your mind on a regular basis? Well it needs to stop! Focus on the goal and dump the negativity! If you are a crook stop reading this article. The best question to ask is, who will fund my whole project, (the purchase price, the repair costs, the monthly payments, the utilities, the taxes, and insurance) and allow me to make a good profit?
Let me put the quantity of money into prospective. Let me also put into prospective the major two differences between a hard money lender and a private lender.
In the past I thought that $100,000 was a lot of money. Today this amount will buy a nice single family house in a blue collar neighborhood. The house will need to be fixed up and it might be in an area with a less than desirable school system. So, if your business plan is to fix up houses in the price range of $50,000 then sell at the $100,000 this will work. You will be very happy to have a person invest in your project. The project must make sense. The project must make money for the investor/ lender. The investor/ lender is sharing the risk with you. The investor/ lender will want to know that they will be paid back on time and in full with no excuses or late night phone calls. Read More >>
The majority of us have been taught that financing means putting your name on that dreaded bottom line. Be thankful that the time has come for you to learn a new way to play the game of financing. Understand, however that the rules of financing have not changed; you were just not aware of all the rules. I am about to share with you ways to buy real estate without having to jump through credit hoops and debt to income foolishness. Since going to the bank is my least desirable method to finance real estate, I will discuss with you my four favorite ways: owner financing, subject 2 financing, private lending and hard money.
Owner financing is my all-time favorite way to finance real estate due to the fact that you get to set the terms of the financing, if the property is owned free and clear. You may be asking yourself, why would someone owner finance a property instead of just selling it and moving on for cash? Well, I could give you all the reasons in the world; however, for the sake of time I will give you the top three reasons: Read More >>
In this article, we’re going to discuss something vitally important that may very well help you understand a LOT about yourself and everyone around you on this planet. Yes, that includes dealing with sellers, buyers, private lenders, and even those alien creatures we love to call tenants. Also-your mother, brother, father, sister, sons and daughters, uncles, best friends and distant relatives.
So You might NOT want to read this article... Unless you want to discover the secrets behind the reasons WHY people DO or DON’T Do the things they do...or don’t do.
It all comes down to TWO things. The Carrot and the Stick.
The CARROT represents something GOOD that we WANT, while the STICK represents something BAD that we DON’T want. Read More >>
Networking is perhaps the most underestimated resource every single investor has. I am constantly amazed at how in a world as interconnected as it is, I am constantly seeing how little we leverage each other to get more deals done. I sat recently and wondered why and came to some conclusions:
There are probably several reasons we can come up with that aren’t written down here. The point is all of these above and more keep us from simply reaching out to others, much less doing business with them. Take for example social media. Read More >>
No Charge to Attend for Members or Guests
Who Attend Online via GoToWebinar.com!
You've probably hear that wholesaling houses is all about "finding bargain properties and passing them along to bargain hunters at a great price". You've probably also heard that "you make your money in real estate when you buy". At the meeting, Mr. Tycoon is going to show you "when you wholesale houses, you make your money - in cash - before you buy!" He's also going to show you why finding bargain properties is probably the most important skill you can ever possibly learn as a real estate investor.
Mr. Tycoon will teach strategies that will enable you to...
Wahid Shakur, aka “Mr. Tycoon”, is an internationally renowned Motivational Speaker, Personal Development Coach, Investment Real Estate Guru and Entrepreneur of Success. Mr. Tycoon is legendary for his “tough but fair” deal-making and negotiation skills. His bestselling book, “Success Is Not A Secret, It’s A System,” extracts the lessons he learned on the road to building his successful real estate investment company and personal fortune, and is the “must-have” guidebook to achieving financial and personal success.
Join us on Wednesday April 26th and learn how to get started wholesaling houses or how to take your existing wholesaling business to the next level. You do not want to miss out on this career changing information! We look forward to seeing you at the meeting!
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.
PLEASE NOTE: This is a BRAND NEW Registration Link for 2017. Even if you have registered for BIGO prior to Feb 2017, you must re-register using this NEW Registration Link for 2017 or you won't be able to attend any of the upcoming BIGO webinars.Read More >>
Are you interested in Wholesaling Houses for quick cash? Perhaps you don't know what wholesaling is... so let me quickly explain…Hi, my name is Mr. Tycoon and I am a full time real estate investor who specializes in finding Wholesaling deals. On Saturday, April 29, 2017 from 9AM to 5PM at 3125 Presidential Pkwy, Atlanta, GA, I am teaching a Wholesale Renegade Workshop to teach you how you can wholesale houses for quick cash. Register Now!
Wholesaling is the process of finding great deals, getting that deal under contract, and then selling that contract to another person who actually ends up buying the property. It can seem a little confusing at first, but it's really quite simple. You are simply selling the contract. You never own the property, never fix the property up, and never deal with tenants.
A lot of new investors really like the idea of wholesaling. And what's not to love? It can be done with very little money, credit, or experience but has the potential to make a lot of money. Plus, I’ve done over 1,000 of these types of deals and have trained hundreds of people just like you to do the same. One thing is required on your part… to “Do The Work!”
I will teach you everything I know and what me and My Mentees are doing in the market today. So, when you attend this One Day Wholesale Renegade Workshop, you will leave with the Full Knowledge and Action Plan to Jump Start your Real Estate Career.
What you’ll learn at the Wholesale Renegade Workshop…:
So what happens if you DON'T use private lenders? Well, you're stuck with the amount of money that you have or are able to borrow from traditional or hard money lenders. And sooner or later you'll run out of money. You'll have to pass on a lot of good deals, because you don't have the money. Line up your lenders now, so you can take advantage of those good deals when you find them.
The agenda for the day will look like this…
Clearly, there is a lot more to Wholesaling than just putting an ad up on Craigslist and collecting a 5-figure paycheck. So, to help, I've created this One Day Wholesale Renegade Workshop to help you Jump-start your Wholesaling Business and your Real Estate Investing Business!
PLEASE NOTE: Early registration is currently happenning, but will expire soon! Workshop prices will increase by $100 for Members and $200 for Non-Members after early registration expires. Date, Time and Location are subject to change. You can join Atlanta REIA at http://membership.atlantareia.com and save on tuition fees.Read More >>