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Teach by Doing: Pro Recorder App Review

By Don DeRosa on July 30, 2016
Don DeRosa

“The mediocre teacher tells. The good teacher explains. The superior teacher demonstrates. The great teacher inspires.” ~ William Arthur Ward

It is best to teach by example. Now that everything is on a digital platform it can be difficult to find the right words to explain an action step-by-step to someone. Whether it is a menial task like sorting through spam email or getting a website listing to appear on a mobile platform, it is confusing to explain something in an email or text message. I find myself to be a visual learner and the best way to show me something is a short video tutorial.

Thank goodness for app developers: Pro Recorder (Free): Record Web Screen/Video - for Dropbox and Google Driver is By the company CONG DUC TRAN is the solution to my problem. As I often do, I was browsing the app store looking for something that could capture my screen actions in a video. I am familiar with other programs but they only cover my desktop or laptop, not my iPhone or iPad. Using this is a breeze, especially since you can easily save to a Dropbox or Google Drive account. It makes sharing the video easy and since it saves on a cloud storage platform no need to eat up all your memory.  Read More >>


How to Determine If Your Loan Is Fraudulent

By Bob Massey on July 30, 2016
Bob Massey

Through the 1990s and early 2000s millions upon millions of loans were created. This created some interesting issues for the banks. In some cases, they were looking for ways to cut down on the steps in the process in order to reduce the time it took to process a loan in order to keep up with the flood of business. In some other cases, they were looking for ways to take advantage of the system to bilk homeowners, their investors, and the government out of as much money possible. Unfortunately, the solutions the banks came up with for both of these issues resulted in a system of rampant mortgage fraud that the courts are only now finally catching onto. So how can you determine if your loan or the loan on a prospective deal is fraudulent?

In order to prove that they have the right to foreclose on a property, it is becoming standard for lenders to be required to produce the original note on the property.  The note is required before a court will allow a lender to sell a property.  It must show that the true lender is named with a recorded economic interest in the property.  The note as submitted by the lender in a foreclosure hearing may clearly be fraudulent because it was notarized after the fact with a stamp that was not even valid at the time the mortgage was taken out.  Read More >>


How To Build Credibility With Buyers - Part 3

By Frank Iglesias on July 30, 2016
Frank Iglesias

In the last two posts, we talked about building credibility with Buyers.  We have covered four steps so far.  Last month, we talked about the importance of having a real deal and doing your own due diligence as key points.  This month, we will talk about how to continue creating credibility and maintaining it for the lifetime of a deal.

Step 5: Maintain Open Communication

In a world where social media dominates and text messaging is overused for serious matters in my opinion, almost if not every Buyer I have met over the years prefers phone communication or in person when it’s time for real things to happen.

For most deals, we are talking about tens if not hundreds of thousands of dollars.  Millions for the even bigger players.  It is quite reasonable to assume that at some point, people want to talk to another human when doing a deal together.  This is step 1 of what I call ‘real communication’.  Talking to a real person on the phone achieves magic that an email or text rarely can accomplish.  Read More >>


The Self-Directed Real Estate IRA: Five Benefits You Didn’t Know

By Jim Hitt on July 30, 2016
Jim Hitt

You might have heard of a Real Estate IRA. You might have even looked into it as an option in the past as you considered the retirement options that make the most sense for you and your family. But if you’re not familiar with this kind of retirement account, you might be surprised at just what kinds of investment results you can have when using it properly.

Don’t believe us? Let’s take a closer look at the Self-Directed Real Estate IRA—and how it can uniquely benefit your retirement plans:

Benefit #1: Getting More Leverage with a Real Estate IRA

One of the most fascinating concepts in real estate investing is that of leverage. By using leverage, you can make purchases you otherwise wouldn’t be able to make with the cash in your bank account. In Real Estate IRAs, you’ll be expected to use non-recourse loans, but you’ll still be able to use this concept of leverage to your advantage. In other words, you can buy real estate that you otherwise would not be able to with plain, ordinary cash.  Read More >>


Finding Deals in a Seller’s Market

By Kimberlee Frank on July 30, 2016
Kimberlee Frank

The number one thing that makes an Investor successful is finding, buying and selling properties from a Motivated Seller.  As I have stated in previous articles, the only thing that makes Investors money is a Motivated Seller.  So … how do you find motivated Sellers when it’s a Seller’s market?  There are several ways to become successful and as an Investor the key to your success is having a marketing machine running all the time.  A Seller’s market means that when a property is listed on the Multiple Listing Service, the Sellers receive multiple offers from Investors, homeowners and landlords.  Obviously a homeowner is willing to pay list price or more for the house since they are going to live in the property and there is a personal attachment.  Landlords will pay up to 75% to 80% of the market value and Investors pay 60% to 65% of market value.  Yes, the repairs come into consideration for the Landlord and the Investor, however, the homeowner is more accepting of repairs needed to the home, as they are planning on making changes anyway.  Therefore, submitting offers on the Multiple Listing Service is very time consuming for an Investor and the rate of acceptance is much lower than for a homeowner.  Read More >>


5 Easy Seller Objections to Overcome

By Michael Vazquez on July 30, 2016
Michael Vazquez

If you are going to meet a seller you will inevitably hear objections to the first price you offer. You can be as little as $1,000.00 off the seller’s asking price and the seller will still look to get you to the asking price. It is in our human nature to try to look out for our best interest so do not get upset. All you simply have to do is prepare for the most common objections and get the seller to agree with you.

Here are the objections I run into the most and how I have been able to successfully overcome them.

  1. Your offer is too low. Usually before I make an offer I try to have them tell me their asking price. Once in a blue moon their asking price is what you can pay. Usually, however, the price is higher. Naturally, when I make the offer the seller’s response is that my offer is too low. If they have not given me a price I ask for it again. From this point you have to be good at math or pull out a calculator and explain the offer to the seller. Show the seller the closing cost, carrying cost, renovation expense, possible unknowns specific to their home, closing cost on the back end, agent commissions, marketing expenses, etc. I actually show sellers what I plan to make on their home and what it breaks down to in months and weeks. In most cases, they see I’m not trying to get rich off one house and realize my offer is a fair offer.  Read More >>


    Setting Up Settings in QuickBooks Online

    By Karen Bershad on July 30, 2016
    Karen Bershad

    You’ll be visiting QuickBooks Online’s Settings screen regularly, so it’s good to know what’s there.

    You can get into a rental car and just start driving to your destination. But you soon realize that you need to know where the temperature controls and the radio tuner are. If it starts raining, you must know where the wiper controls are. And when it gets dark, you’d better know how to turn on the headlights.

    The same goes for QuickBooks Online. You can create bills and start paying them or begin to invoice customers or record expenses as soon as you set up an account (though you’ll be adding a lot of data on the fly). But you’ll soon discover that those tasks would be easier if you had established all of your Settings first.

    If you have multiple employees using QuickBooks Online, for example, it has probably occurred to you that not everyone needs to have access to everything in your company file. You’ll want to connect the site to your financial accounts, build a budget, and specify payment terms and types.  Read More >>


    What’s It Gonna Take? How to Finally End Procrastination & Take Action!

    By Tony Pearl on July 30, 2016
    Tony Pearl

    This article was not easy to write. In fact, it was one of the more challenging articles I’ve written in a while. Why? Because it deals with something that’s not easy for us to talk about: The reason why most people don’t take the action they know they should so that they can have the success they say they want to have.

    The only place where success comes before work is in the dictionary. It’s an old-school, classic, tried-and-true principle: If you want to have success, you’ve got to work hard to make it happen.  And hard work means taking action.

    Why do you think most people don’t take the action that needs to be taken?  I believe it comes down to two things: 1. Lack of Knowledge, or 2. Abundance of Fear.  Read More >>


    Create a Wealthy Mindset And Never Be Poor Again

    By Kathy Kennebrook on July 30, 2016
    Kathy Kennebrook

    Did you ever wonder why some people are really wealthy and some people barely live paycheck to paycheck? Did you ever think “Why can’t I be wealthy like them?” What do the wealthy people know that I don’t? “How did they get rich? These are all valid questions, but I would say, the reason why you are or aren’t a wealthy person is entirely between your ears. So what exactly do I mean by that?

    It’s simply this. Wealth is based on a state of mind, not on how much education you have, how many hours you work, or who you know. A wealthy mindset is created by believing in who you are, who you want to be and where you want to go. It is said that our thought processes control the person we are and the person we become, and this is so true. I know a lot of people, many of whom are real estate entrepreneurs, who have become extremely wealthy and yet came from backgrounds of poverty and little or no education.  Read More >>


    Celebrating Financial Independence Day

    By Russ Hiner on July 30, 2016
    Russ Hiner

    When we think of the Fourth of July we think about fireworks, grilling, and being with friends and family in celebration. I am a very big pyrotechnics fan, I always have a supply of fireworks for any occasion. If there is any excuse to launch a mortar or rockets, then I am very excited. Yes, I have gotten my share of injuries. I still have my eyes and fingers. The injuries healed. This is just like getting involved in real estate. You must know the risk and rewards when you buy and sell real property.

    When I am picking out the right explosives to use in a celebration I have certain criteria. The mortars have to have color and reports. I also have rules in real estate. I have certain types of houses which I will buy and others I will pass on. I will pass on certain areas. I need to know what is the profit/reward ratio. The process I use has four simple rules. The first rule is to know what you are buying. Are you buying a house, commercial property, apartments, or storage units? How big? Get it inspected so you know what you are getting yourself into.  Read More >>


    Sage Advice From an Old Investor

    By Bill Cook on July 30, 2016
    Bill Cook

    After closing the doors of North Georgia REIA forever, we have been reminiscing about the best lessons we’ve shared with our group.

    With this in mind, here’s some sage advice from an old investor.

    How do I know whether a deal is good or not?  How do I know what I’m looking at?  And if I decide to take the deal down, how do I get it funded fast without going to a bank?

    When Kim and I began our investing careers in 1995, we thought all houses were pretty much the same.  But over time and with experience, we’ve learned what types of houses make the best investments.  Read More >>


    Do You Have a Burning Desire to Buy One Hundred Houses Per Year? - Part 1

    By Larry Harbolt on July 30, 2016
    Larry Harbolt

    This is an article I wrote a few years ago. Again I am hearing the rumblings of some of my students who believe they can buy 100 houses or more every year and it scares me to death. I believe what this article says is so important for every investor to know. That is why I decided to have this article republished.

    Recently I was talking to several of my students who each said they wanted to buy 100 houses this year. These students had listened to one of the guru’s who had bought and sold over one hundred houses in one year and are now teaching people how to duplicate what they had done. I listened closely to these bright eyed inexperienced students tell me they wanted to do the same as the guru and it frightened me to death. Later over dinner, I mentioned what I had just heard to my wife. She encouraged me to tell my tale of woe about the years of agony we experienced because I got too big for my britches and against my wife’s better judgment I had tried to do the same thing myself.  Read More >>


    Atlanta Area Statistics Are Important in Analyzing Real Estate Deals

    By Deborah Harris on July 30, 2016
    Deborah Harris

    Atlanta, Georgia is one of the strongest real estate markets in the US and has favored Sellers rather than Buyers since spring of 2013. According to Realtor.com, the median list price in Atlanta has gone from just over $200,000 in 2014 to over $300,000 in 2016 and is currently leveling off. A $100,000 median price gain in two years is nothing short of fantastic. See Figure 1.

    Figure 1

    Figure 1

    For the purposes of this article, we are talking about single family detached in these areas. See Figure 2. Read More >>


    Rehabbing Houses Workshop with Robyn Thompson on August 6, 2016

    By Savannah REIA on July 28, 2016
    Sat, August 6th at 9AM - Roswell, GA
    Atlanta REIA & Savannah REIA Presents:
    How to Quick Turn Houses That Need Renovations into Fast Cash in Today's Fast Paced Market!
    A Full Day Workshop with the "Rehab Queen" Robyn Thompson
    Saturday, August 6th from 9AM - 5PM
    At the Doubletree Hotel
    1075 Holcomb Bridge Rd, Roswell, GA

    Robyn ThompsonAre you tired of living paycheck to paycheck?

    Are you looking for financial independence?

    Are you ready to start a business that will generate huge chunks of cash?

    If you answered YES to any of these questions, you need to join us on Saturday, August 6th at 9AM at the Doubletree Hotel Roswell located at 1075 Holcomb Bridge Rd, Roswell, GA for a full day workshop with Robyn Thompson where she will teach you how to turn ugly, vacant, run-down houses into large paydays!

    Robyn has taught thousands of students how to achieve financial independence by investing in distressed properties. Robyn has made retailing homes a science and she knows every technique imaginable to locate profitable deals, renovate distressed properties at lightning speed, minimize holding costs, and qualify good credit buyers and expedite closings so you can collect a big check.

    At the workshop Robyn will teach you about:

    • Request for Credit Review
    • Financing Programs Available
    • Qualifying Buyers
    • Income/Debt Calculations
    • Guidelines for Low Down Payment Programs
    • Finding Down Payment Funds
    • Understanding Credit Reports and “A” Credit Guidelines
    • Where to Obtain Credit References
    • Options When a Buyer Just Can’t Afford a House
    • Prescreening Contractors
    • And much, much more!

    This is a must attend event to learn about Rehabbing Houses for MASSIVE PROFITS from one of the best. Robyn is highly regarded as the “Rehab Queen” in the real estate investing industry. She has a wide range of knowledge and experience that she loves to share with others.

    As a bonus, Robyn will...

    • Give examples & practice problems for finding, rehabbing, marketing & closing the deal!
    • Provide tips on problems to avoid!
    • Answer individual questions applying to your business. Robyn will personally answer as many of your questions as time permits.

    We look forward to seeing you at this amazing event! Register Now!

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


    Learn About the Most Powerful Tool in Real Estate Investing on August 8, 2016

    By Savannah REIA on July 20, 2016
    Sat, August 8th at 6:30 PM in Savannah, GA
    Savannah REIA - August 8th
    Learn All About Options:
    The Safest & Cheapest Way to Control Property!
    with Special Guest, Bill Cook
    Savannah REIA Members Can Attend for NO CHARGE.
    Guests Pay $12 at the Door.

    Bill CookJoin us on Monday, August 8th at 6:30PM at the Savannah REIA Main Meeting at the Hilton Garden Inn Savannah Midtown located at 5711 Abercorn Street, Savannah, GA where our special guest speaker will be Bill Cook who will be discussing one of the best kept secrets in the real estate investing industry… Options!

    When it comes to Options, most real estate investors have only heard of lease-options. Fact is, there are many types of Options. Investors are always finding new and better ways to use them because they’re a completely different kind of tool than anything else in real estate.

    Options are a right, not an obligation to purchase. What on earth does this mean? When you sign a loan, it’s an obligation. When you sign a contract, it’s an obligation. But with Options, you’re paying for the right to make up your mind to purchase on some future date. With an Option, you have a risk-free or low risk choice as to whether you’ll perform or not in the future.

    At the August Savannah REIA meeting, you will learn:

    • What makes options so profitable?
    • How can you control a $250,000 property for just $100?
    • How can you use an option to capture a property’s appreciation and amortization?
    • Who is most likely to give you an option, a buyer or seller?
    • What is the best way to secure an option?
    • How can options remove any excuse you have for not being in the real estate game?
    • And much, much more!

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

    Why attend this month’s meeting? Most investors have no clue how to use an Option to control a property. Don’t believe me? Ask around. Options will allow you to step above your competition because you’ll be able to make more of the impossible deals possible!

    TAKE ACTION and RSVP for this Meeting Now! Come join us to learn how to add Options to your bag of real estate investing tricks!  Read More >>


    Learn 6 Secrets to Maximize Profits on Every Deal on with Larry Harbolt on July 27, 2016

    By Savannah REIA on July 20, 2016
    Wed, July 27th @ 7PM on GoToWebinar
    Beginning Investors Group Online
    AKA "The Big O!"
    6 Secrets Seasoned Investors
    Use to Maximize Profits
    On Every Deal

    with Larry Harbolt on July 27th

    Beginning Investors Group Online (The BIG O)The Beginning Investors Group Online (The "Big O" or BIGO) is an new online educational group that currently meets on the 4th Wednesday at 7PM ET 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.

    Larry HarboltThis month, on July 27th at 7PM, Larry Harbolt will be our special guest speaker on how to maximize profits on each and every deal you do. Larry is the nation's leading expert on creative seller financing. He is also an author, mentor, teacher, and full time real estate investor.

    Have you ever wondered how successful investors are continually finding and doing profitable deal after deal? Did you ever ask yourself what seasoned investors look for and what they think about before they ever make an offer on any property? Have you ever thought about what makes a good deal and what is missing from the deals that you don't want?

    Join us on the webinar and Larry will teach you 6 secrets of how successful investors think through every deal they do and how they structure offers in multiple ways to buy any property. He will also show you why "CASH" isn't always the best solution for every seller and why they may not want All CASH for their property.

    Join us on July 27th at 7PM online at GoToWebinar and learn:

    • The Key Components of Every Successful Real Estate Transaction
    • What Types of Properties Generate the Most Profit
    • What Key Questions You MUST Ask Every Seller
    • How to Overcome Your Fear of Talking to Sellers
    • And Much, Much More!

    New Investors, DO NOT MISS THIS EVENT!

    TO ATTEND ONLINE: 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.

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

    Register Now!

    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 >>


    Wholesaling 101 Workshop with Russ Hiner

    By Savannah REIA on July 20, 2016
    Sat, August 27th at 9AM - Buford, GA or Online via GoToWebinar
    Savannah REIA & Atlanta REIA Presents:
    Wholesaling 101
    A Full Day Workshop with Russ Hiner
    Saturday, August 27th from 9AM – 5PM
    There Are Two Ways to Attend…
    In Person or Online via GoToWebinar!

    Russ HinerWhen I got started in the Real Estate Business over 30 years ago, I did not have a formal Real Estate education. I did everything by the seat of my pants, and I learned some tough lessons.

    Here is what I found: the seat-of-your-pants business model will result in painful growth. It will cost a LOT of YOUR money. Believe me, I know. So I want you to learn from my mistakes so YOU can be successful.

    If you could learn one thing from me, it would be to get a formal education from a solid coach or mentor who has been where you are and knows how to help you get your profitable real estate business off the ground.

    I'm an expert, and a coach who can show you the Infinite Wholesale Technique. I can show you how to be confident, how to turn a profit, how to make good decisions, and I can show YOU how to make $5,000+ in the next 30 days.

    This "edutainment" training will show you how to overcome your fears by leading you away from the mistakes I've made. Once you sign up and attend tihs event, you will learn the ins and outs of success in the wholesaling business.

    You will learn to:

    • Create a buyers list that works
    • Create a successful seller's list
    • Create inventory
    • Write a contract that gives you the advantage
    • Talk to sellers and buyers
    • Make deal evaluations
    • Structure creative deals
    • Spot a "Great Deal" or one to run from!
    • And much, much more!

    You'll also get my Wholesaling 101 Manual and paperwork.

    Isn't it time YOU took YOUR place in the sun? Here is a low priced opportunity for you to get a seat in this Wholesaling 101 Event taught by me, investor, coach and real estate leader, Russ Hiner.

    Wholesaling 101 takes place on Saturday, August 27th from 9AM to 5PM at 1960 Skylar Hill Dr, Buford, GA or Online via GoToWebinar. Come join up in person or online! I would love to help you take your Wholesaling Business to the next level!

    To Attend In Person in Buford, GA, Register Here…

    Register Now!

    To Attend Online Via GoToWebinar.com, Register Here and follow these instructions carefully…

    1. Register & Pay for the Event: Register for the Online Only Workshop below.
    2. Register for the Webinar: Once you have successfully paid and registered for the event, you will be taken to a screen with instructions on how to register for the webinar. You will also be emailed these same instructions. So follow the instructions to register for the webinar.
    3. Webinar Confirmation & Login Information: Usually within 24 hours of receiving your payments, we will confirm your webinar participation and send you confirmation information on how to login to the webinar on the date of the event. Once you get your Webinar Confirmation Information, you can login on Saturday, August 27th about 5-10 minutes prior to the 9:00AM start time using your PC, Mac, Tablet or Smart Phone. You can download the GoToWebinar App here on iTunes App Store or the Google Play Store.
    Register Now!
    See Savannah REIA Events Calendar for More Events!
    Read More >>


    Learn How to Select & Utilize Contractors on July 18, 2016

    By Savannah REIA on July 18, 2016
    TONIGHT, July 18th at 6:30 PM in Savannah, GA
    Savannah REIA Presents:
    Selecting & Utilizing Contractors

    Come out and join us as we welcome Curtis Bellenot. He will be discussing how to select and utilize contractors in the world of Real Estate. He will be speaking on Monday, July 18th at 6:30PM at Barnes Restaurant located at 5320 Waters Ave, Savannah, GA. We look forward to seeing you at the meeting!

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

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


    The Profit Newsletter July 2016 Edition

    By Savannah REIA on July 11, 2016
    Download The Profit Newsletter for July 2016 (PDF)
    The July 2016 Edition of
    The Profit is Available for Download!

    The Profit Newsletter - July 2016The July 2016 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.

    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 / The Profit Archives
    Read More >>


    Options: The Safest & Cheapest Way To Control Real Estate

    By Bill Cook on July 10, 2016
    Bill Cook

    Long ago, Kim and I learned that options are an incredibly powerful deal-structuring tool that allows you to control lots of real estate for little or no money…and with very little risk! And here’s the best part: Because so few know anything about options, you have almost no competition!

    Simply put, if you are not using options as one of your primary real estate investing tools, then you’re leaving a lot of money and opportunity on the table.

    When most folks hear the word “option,” they automatically think lease-options. While lease-options are fairly popular, they are just the tip of the option iceberg.

    Options allow you to control a property without the risks associated with ownership. You can control one (or all) of the benefits that come with ownership: income, profit, amortization, growth, use, management and tax benefits.

    One of the best things about options is that you can control hundreds of thousands of dollars worth of real estate for less than $100 – and control it for decades. No other document in real estate is this powerful! Read More >>


    Forget Ownership, Just Control A Property And Make Money!

    By Larry Harbolt on July 10, 2016
    Larry Harbolt

    Are You Afraid To Buy A Property Because You Can’t Qualify For A Loan Or You Have Less Than Good Credit?

    Today I had an interesting conversation with one of my Advanced Life-Line students who confessed that he continues to have great anxiety and fears making an offer to buy a property even if it would be a good deal for him. He always hesitates pulling the trigger and submitting his offers because of his fears. He is really missing out on creating an income stream he really needs as well as being able to create wealth over time.

    Being a new Life-Line student he has fears of buying any property where he will have to get some type of financing to pay for the properties he is making offers on. After talking to him about doing the numbers before making an offer to buy any property he felt much better but he still had fears of having to deal with the responsibilities associated with ownership he had never had to deal with. Seeing I wasn’t getting very far explaining how to buy real estate with the least amount of risk I finally decided to talk to him about a powerful way to profit from real estate without having to deal with the responsibilities of ownership, that I still use today. Read More >>


    Benefits and Types of Passive Investing

    By Mark Jackson on July 10, 2016
    Mark Jackson

    Some people avoid investing in properties due to the amount of time and energy it takes. REIA comps is a great resource to assist you in researching and deciding on a property. After your purchase of a potential property you need to actively care for your investment either by becoming a landlord or managing the property. Real estate investment can be time consuming yet rewarding, and the question is asked, how many properties can one person manage at one time? This is why investors who are looking at diversifying with real estate participate in passive real estate investing.

    Passive real estate investing removes headaches for those who don't want to deal with the day to day issues of property management. There are several different ways you can do this, each with their own set of pros and cons.

    One could form a partnership, general or limited, and have the partner take the responsibility of managing the property(s) your partnership purchases. To move through the loophole of having financial backing, I suggest considering working with only one to two people you know and trust. Pooling resources in a partnership allows participants to purchase more expensive properties with less outside funding. However, as suggested you need to trust your partner to take care of the properties and your best interests, and if neither of you are experienced in real estate investing, working with the Support System via REIAComps provides the knowledge you need. Read More >>


    Still Crushing Short Sales!

    By Kimberlee Frank on July 10, 2016
    Kimberlee Frank

    Many Investors don’t think that they can short sale an FHA loan and still make a profit, due to the guideline that FHA accepts a minimum 88% of the appraised value. I am here to tell you about an FHA deal that will bring a Pretty Profit!! This house is a 3 Bed/1.5 Bath/1.5 car garage, approximately 1200 sq ft in Casselberry. From the beginning, it was challenging since we had non-paying tenants in the home that were not as cooperative as a Seller would be for access to the property. The best part of a typical short sale is that a lender will obtain a value that is good for 90 days and if you are in a Seller’s market, you end up with a higher profit, since the values are increasing based on the sales.

    The Seller just wanted out of this house debt and didn’t know what to do with non-paying Tenants!! The lead came in from my office signage. The property was listed and an offer was submitted. It took the short sale lender about 90 days before they ordered the value on the property. We were very concerned about having access to the home when the appraiser came out from the short sale lender. On an FHA deal, the short sale lender requires an appraisal on the home which is good for 4 to 6 months, versus the standard 90 days for a BPO value. Read More >>


    Time is on my Side: Hiring VA Professionals on Upwork

    By Don DeRosa on July 10, 2016
    Don DeRosa

    “I like to talk to people. I've got one assistant, one Blackberry. That's my overhead. I don't text that much or email. I like to sit down face-to-face and have a conversation with you. I'm old-fashioned.” ~ Mark Wahlberg

    As the owner and operator of my own business, I’ve become very self-reliant. I know that if I don’t take care of important tasks myself I will stress over them. It is hard to delegate work to others that you haven’t really had the time or know how to run background checks on. Even when you have carefully planned projects, sometimes it is difficult to find people with the qualifications you would prefer.

    For the past few years now I have been discovering amazing talent online. I know it seems like a big risk, putting jobs online and hoping someone responsible answers your ad. Avoid the anxiety over in person interviews and researching qualifications, it’s time-consuming and I would rather focus my efforts elsewhere. It doesn’t mean I take hiring practices lightly, but I know where my strengths are.

    There are many online freelance worker/client websites, but none other than Upwork. Upwork.com has been a great tool for my growing business. As I said, for many years I’ve been a one-man show. We all need a little help from time to time, and Upwork makes it simple and stress-free. Whether you need someone short term or long term, if there are short tasks you need to get done that you have no time for or if you want to build a working relationship with an independent contractor for the long haul, Upwork has this covered. For at least five years, the website has had some changes. It was once called oDesk, but the changes have been great improvements. Things have been simplified and there are safeguards in place for both contractors and clients. Plus you don’t need to be a large company to use this service. Businesses like Unilever, Pinterest, and NBC are just a few that use Upwork for hiring out virtual assistance specialists. Read More >>


    The Master Lease Option Series – Part 5: Common Mistakes Using Master Lease Options

    By Bill Ham on July 10, 2016
    Bill Ham

    I have made a ton of mistakes over the last 10 years of doing master lease options (MLO) deals. Would you like to avoid those mistakes? Well then read on!

    1. A MLO Deal Is Not About You- One of the first and biggest mistakes I have made using MLOs is to think about what I want and not to give enough consideration to what the seller wants and what the property needs. Your first step in making a MLO offer is to decide if it is a fit for the seller and property. You need to find out if the seller even knows what a master lease options is. If not then you will need to spend a little time explaining it and how it will solve their immediate problems. If your offer does not solve a problem for the seller then it is likely just an offer that solves your problems. This is not likely to get accepted. Can you fix up the property using a MLO? Sometimes the answer is NO. Decide on the condition and area before you make a MLO offer. Some areas and some repairs cannot be dealt with no matter what type of offer the seller is willing to accept. You want to get good deals and solve problems not inherit someone else’s headache that can’t be fixed. Here is an acronym I use to remind myself of this process- S.P.Y. This stands for Seller, Property, You. This is the order in which you need to solve problems. Most people start a MLO offer with the reverse idea (Y.P.S.) and this doesn’t typically work. Read More >>


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