Savannah REIA Blog

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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 >>

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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:

• Perhaps we are too ‘competitive’ and don’t want to share our deals
• Perhaps due to some less than ethical behavior, we keep our deals to ourselves and as a result have to work harder to get them moved
• Perhaps we had a bad experience in the past with another investor that has us playing ultra conservative
• Perhaps you believe ‘everyone else’s deals are bad’ therefore you must find your own (common issue)
• Perhaps you have know idea how big your market really is
• Perhaps you are too married to social media (most people who are Buyers want a phone call!)

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 >>

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

Please be sure to join us at the Beginning Investors Group Online on Wednesday, April 26th at 7:00PM ET with Mr. TyCoon will be teaching our members and guests "Why Wholesaling & Why Now?!.

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.

You’ll learn:

• What is means to wholesale a house
• How wholesaling can be done with very little money, training and absolutely no cred
• How to wholesale houses part time and make a full time income
• And answers to your questions and much more!

Mr. Tycoon will teach strategies that will enable you to...

• Pay off all your debt and past due bills
• Start building (or re-building) your retirement account so you never have to work about running out of money during retirement
• Quit your job and live your life in freedom
• How to get on the fast track to wealth

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.

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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…:

• The easiest and most overlooked ways to find deals in your market that lead to consistent paydays.
• The one document you must always use to guarantee you get paid.
• How to tap into an unlimited source of buyers your competition doesn’t know about.
• How to maintain a steady flood of daily deals in your pipeline.
• The three forms of paperwork most new investors forget to include that can cause hang-ups at the closing table and keep you from getting paid
• How to spot the most profitable deals that put the most money in your pocket
• How to build an automated business that runs without you and continues to pay you while you do what you love so you can quit your job and rely on your real estate income full time

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…

• Real Estate 101 "Overview" Why do Real Estate TODAY?.
• Wholesaling For Cash (You never own the property, never fix the property up, and never deal with tenants.)
• Marketing for Deals (What’s Working Today) My Top 3 Secrets
• A Day with Mr. Tycoon (On the phone, In Person Q&A and Researching on Computer)
• Finding buyers
• Knowing how to correctly value a property (Research 101)
• Knowing how much repairs would cost
• Negotiating with motivated sellers (Script)
• Online Marketing for Buyers and Sellers
• The Master's Money Making SYSTEM
• Navigating through the legal side (All of The Paperwork That I Use Daily)
• Top Secret to Getting Your First Deal Revealed!
• Private Lending (Bonus Session)
• Answers to your questions and much more!

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.

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Are you ready to take advantage of the rising real estate market and get in on the red hot house flipping scene? Are you thinking about flipping but don't know how? Does the idea of renovating properties scare you to death? Don't know where to start? If the answer to any of these questions is yes then you absolutely need to attend Don's new two day renovation event.

Come see Don on May 27th & 28th at the 3125 Presidential Pkwy, Atlanta, GA, where he will spend two full days teaching you how easy it actually is to Find 'Em, Fix 'Em, and Flip 'Em. You will spend two full days learning the art of flipping houses. Don will show you a Step-by-step process to evaluate, avoid rookie mistakes and build a highly profitable fix and flip business.

Day One:

• How to put together a solid flipping strategy
• The best methods for securing multiple types of funding
• How to evaluate properties, work with contractors and manage renovations
• How to Flip multiple houses at one time
• How to crunch numbers and evaluate high profit margins
• How to negotiate like a seasoned pro with Sellers, Lenders, Contractors and Buyers
• How to handle Legal and Tax Regulations
• How to choose the best marketing strategy that guarantees sales
• And much more...

Day Two (Field Trip):

• Field trip to Home Depot
• How to automate your renovation business using SKU based model
• Compare prices and learn basic costs of materials that will be used in every job
• What are the low, middle and high end products to use depending on your level of renovation
• Visit 3-4 actual houses and estimate repairs, discuss potential renovations and more
• First hand experience looking at real houses, using real numbers, and making real offers

Don will give you his manual practical tips with real life examples, easy to use systems and killer paperwork so you can tap into this exciting and potentially unlimited source of income. This will be one of the best, most affordable boot camps you've ever attended! So don't miss it!

PLEASE NOTE: Location and schedule subject to change. Pricing is per person. No refunds 5 days prior to event. Register before early registration expires to save $100 off tuition.

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Join Duncan Wierman on Saturday, April 15th, 2017 from 9AM to 5PM (Registration starts at 8:30 AM) at the Homewood Suites Savannah located at 5820 White Bluff Rd in Savannah, GA, for an amazingly incredible, step-by-step real estate training workshop where he will teach you how to Buy 5, 10, 15 houses or more per month, grabbing houses up fast and selling them for huge profits within hours, without risk, and without leaving your home!

You need to attend this training if…

• You want to run your own business from home, and enjoy the freedom of automatic income…
• You want to declare independence from your lousy job and your stupid boss…
• You want the freedom to spend your time any way you wish, with whomever you wish…
• You are burned out with the stress of trying to find motivated sellers and hungry buyers…

This is a breakthrough Marketing Workshop is designed to teach you “How To Create A Constant Stream Of Motivated Sellers and Hungry Buyers That Call You” and may be the most important trainings you’ve attended all year!

The absolutely, positively Most important knowledge you must have to succeed in real estate investing is NOT about buying houses… it’s about “MARKETING YOUR REAL ESTATE ABILITIES” and generating leads!

There are 100’s of ways to do a deal, but if you don’t have LEADS you have NOTHING. It’s time to face reality. You’re not in the real estate business… you’re in the business of marketing your real estate business!

If you want to succeed and prosper as a real estate entrepreneur, you require a totally new set of marketing skills. Now is your chance to acquire those skills and put them to use in 2017!

How would you like to learn a marketing system that teaches you things like:

• Attract dozens of desperate, motivated sellers so you can cherry pick the hottest deals.
• Uncover hidden bargain deals on the Internet at record breaking speed.
• Buy properties below 65 cents on the dollar and then sell them within 1 hour.
• Turn your business into a system that makes you over $32,756.32 a month, each and every month!
• How to set up a system that can “sniff out” hidden properties that virtually no one is competing for, so the sellers see you as the only game in town.
• The incredible way to have automatic “robots” tirelessly working for you day and night, bringing you qualified customers and hot deals.
• How to get “private money” to finance your deals. No more getting fleeced by banks! Have your phone ringing off the hook with people begging you to take their money!
• How to get insane real estate profits even if you’re holding down a day job and have no time to yourself
• The best way to boost your credibility with sellers, even if you’re new to real estate investing
• Create a HUGE list of investors who want to be notified FIRST! They will be begging to buy your houses.
• How to market, buy, sell, and/or assign property online, to make MILLIONS from home

We are going to PROVE IT to you live at this full day Extreme Marketing Workshop on Saturday, April 15th from 9AM to 5PM.

Register Now and join us to discover Duncan’s secrets that he will be to sharing with you. These are the strategies that he has perfected throughout his own Real Estate Investing ventures and he will show you step-by-step how YOU can implement them into your business today. Register Now!

*PLEASE NOTE: The 2-for-1 Early Registration Special is only for Savannah REIA Members and is limited to spouses, adult children and corporate partners. Non-Members who join Savannah REIA between April 1st through April 10th, 2017 can attend the workshop for FREE as new members and can bring a qualified guest. Also, Savannah REIA Members who renew their membership for an additional year between April 1st through April 10th, 2017 can attend the workshop for FREE as well. When joining Savannah REIA or renewing your membership, please indicate that you want to attend the workshop at no charge.

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Do you need more motivated buyer and seller leads in order to do more profitable deals? If so, be sure to join us at Savannah REIA on Monday, April 10th  at 6:30 PM at Homewood Suites Savannah located at 5820 White Bluff Rd, Savannah, GA where our special guest speaker, Duncan Wierman, also known as “Mr. Lead Generation”, who is one of the nation’s foremost Marketing Strategists for real estate investors will teach you “Extreme Online Lead Generation & Virtual Real Estate Investing”!

Duncan is a full time investor in Greenville, South Carolina. His business revolves around automated systems so he can do less work and make more money. He has used internet marketing and automated internet systems for attracting buyers, sellers, and investors have allowed him to do over 300 deals a year without leaving his desk!

After doing real estate investing the hard way, Duncan finally swore to himself that he’d had enough. He then invested serious time and money into using systems that would pay off in less aggravation, more time, and more profits! He became an expert in finding motivated sellers, hungry buyers, and private lenders through the Internet.

Forget investing the old fashioned way. Let technology do the heavy lifting! At the meeting, Duncan will show you how to make HUGE profits in today’s real estate market by combining real estate investing knowledge with the power of the internet and technology!

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

You will learn…

• How to earn unlimited income by working just 3-5 hours each week
• Have motivated sellers and hungry buyers coming to YOU instead of spending hours trying to reach them
• Use the Internet as a tool that will do 93% of your work
• Use the exclusive software that I’ve developed to effortlessly generate massive profits on every transaction
• How to literally flip deals from seller to buyer in as little as 2 hours
• Have hundreds of investor/buyers knocking on your door in as little as 2 weeks after you start using my system
• How you can negotiate deals at home and in your spare time
• How you can FLIP Foreclosures with NO credit, No money down, and NO risk to you or your personal finances
• How you can flip a property ANYWHERE, even if that property is 2000 miles away
• How you can run your entire business from your home computer VIRTUALLY!
• And much, much more!

Internet Marketing Workshop on April 15th

And to teach you even more, Duncan will be back with us on Saturday, April 15th for a full day Extreme Internet Marketing Workshop for Real Estate Investors to teach you how to beat the competition, increase ROI and DO MOE DEALS! Please join us for both dates to learn more about these exciting and profitable topics!

Duncan Wierman’s Online Lead Finder

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The April 2017 Edition of The Profit Newsletter is now available for download. There are 48 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.

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This month I am sharing some Mental Gems that I know would be of great use to you. It has to do with the misconception that…BIGGER is BETTER and/or Quantity over Quality.

Just this past month I was speaking with one of my platinum students in Dallas, TX.  We were discussing his marketing when I shared this view with him to make a clear point.  You see, he was having a problem that most of us have at one point or another in our investing career.  We begin to doubt that we are doing enough and start to believe that we need to do a LOT more because the deals are not knocking the door down.  You see, one thing that we have to be clear on is the understanding that the deals will come as long as we are consistent in our marketing!  Read More >>

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How important is it, when meeting with a seller, buyer, renter, realtor or contractor, to be totally focused on that person?  If you’re not paying complete attention to what that person says and how he or she says it (tone of voice, hand gestures, body position, eye movement), isn’t there a good chance you’ll miss critical information that’s being shared with you?

The number of people who are not 100% there during a meeting has become epidemic – and is a major pet peeve of mine!  If you’re over fifty years old, you already know what I’m talking about.  Baby Boomers grew up without cell phones, emails, and text messages.  Heck, we didn’t even have phone answering machines!

Here’s an example of this epidemic at work.  A real estate investor needed help structuring a deal and asked for an hour of my time.  He drove up from Atlanta and met me at the Adairsville Waffle House. Read More >>

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When making offers on properties as an Investor, you will need to have your exit strategies in place prior to purchasing the property.  What I mean by that is, who is your buyer and what type of financing are you going to allow the buyer to use when you sell the property.  Knowing this will allow you to maximum your profits.

When I look at properties to purchase I always analyze the value of the property and how long I will have to hold the property before I am able to sell the property for a profit.  The comparables that I use are through Realtytrac.com and also the Multiple Listing Service.  Realtytrac will give me the values in the area, however, the Multiple Listing Service “MLS” in addition to values will provide me with how the property was sold ie; Cash, Conventional mortgage, USDA mortgage, VA mortgage or FHA mortgage.  You can normally assume houses under $200,000 that many of the buyers purchasing at this price point are FHA mortgage buyers.  FHA mortgages are mainly used for first-time homebuyers.  The Mortgage Lender requires 3.5% as a down payment which attracts many first-time homebuyers.  Read More >>

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A few months ago, I began learning about and got more involved in apartment investing. I wrote about the steps I took to make industry contacts while building credibility. Fast forward to now and my work is definitely paying off. In many ways, the results I was looking for are coming to fruition but there are also other results, that I did not expect, that are appearing as well.

Some results I expected from my efforts were credibility, partnerships, maybe a mentor, an actual deal, financing and much more that will definitely come with patience and more work. At the beginning I thought credibility was going to the hardest part but it was not. Because I had done my homework and took the time to learn this niche, the people who I spoke with respected the dedication. Another surprise was that all my single family investing actually carried some credibility of its’ own into the apartment investment crowd. From many articles, podcasts, videos, etc. I was led to believe that the multifamily crowd looked down on the single family residential (SFR) investors but it simply was/is not true. In fact, while SFR investing is not a prerequisite, there are many ex- SFR investors who invest in multifamily. These are the people that relate to my current situation and have been eager to provide information and guidance. These relationships have grown into discussions around partnerships and potential financing. While I have still not identified an official mentor I am treating all the assistance I am receiving from multiple investors as a mentorship. This also gives me the opportunity to discuss one aspect of apartment investing with multiple investors so I can then try and decipher which information is best for me and/or which information I personally want to apply. While I have not actually found a multifamily deal that I personally like, I have underwritten many properties. Just like SFR investing, it’s a numbers game.  Read More >>

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I have learned how to get enough money to buy any house, at any time, any place, and any condition. Wouldn’t it be great to have the relationships to be able to do just that? This is not out of reach and it is not very far from where you are sitting right now.

I recently got into a conversation with a fellow Investor at the gym and it went like this:

Russ: How is business?

Gabriel: I am so busy. I have 17 houses (being rehabbed) right now and the one you sold me (two months ago,) I haven’t been able to get to yet.

Russ: This is great. How are you getting them?

Gabriel: From people like you, wholesalers.

Gabriel: What are you doing?  Read More >>

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Why do you need a Credibility Kit for your Real Estate Investing business? In fact, what exactly is a Credibility Kit? This is the question I hear most often from students when I am at real estate investing events.

Think about this for a second. Have you ever had a contractor come out to do a bid for you on some work you wanted done, say new cabinets, or siding on your house or new windows?  Do you remember seeing the book they brought with them that showed the photos of jobs they had completed, testimonial letters from satisfied customers and copies of their licensing and insurance? That was their Credibility Kit. Why then as a Real Estate Investor are you not creating this amazing tool for your real estate investing business? This is definitely a tool you will need for your real estate investing business and it’s so easy to create one if you follow a few simple steps.

 Your personal Credibility Kit will not only build credibility and integrity for you with your sellers and lenders, it will give you a serious edge over your competition. Almost none of your competitors know about this incredible tool that makes you look like a true professional in your Real Estate Investing business, whether you are working with sellers or buyers of properties.  Read More >>

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We all know that REO is an acronym for Real Estate Owned properties.  Basically, it is a property that has been foreclosed upon and now belongs to the bank or lender. Foreclosure properties have been front page news across America for some time.  I want to discuss REO properties and the best way to profit from these deals. REIAComps is a great way to expose yourself to the true market value of many REO homes in various stages of foreclosure around Atlanta, the state of Georgia and other market areas.

When banks supply foreclosure lists, they also provide the selling prices that they will accept for those properties. Generally, the banks or HUD have the property priced to move, therefore there aren’t a lot of negotiations necessary.  Each property investment is done on a bank-by-bank, house-by-house basis.  Read More >>

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As I write these words, I’m overlooking the crystal-clear blue-tinged waters of the Caribbean. The boats in the marina are docked and their crews are scurrying about in preparation of the day’s activities. The weather here in Curacao (a Dutch Caribbean island just north of Venezuela) has been exquisite, as my slight sunburn indicates. It should be about 82 degrees here today, while back home it’s a balmy 30 degrees.

So, have YOU taken a vacation recently? Did you have the chance to get away and do something fun, relaxing, or otherwise fulfilling lately?  If not, why not?  There have been countless studies done and research conducted that prove that people who take the time to take vacations live longer, happier, and healthier lives.  Google that if you don’t believe me.  Or ask the guy who sold us our timeshare (I’ll get back to you about that).  Read More >>

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This month’s tip is so critical to your success. There will be many times when you put deals out and instead of getting an offer, you get feedback from your Buyer.  If it is constructive, and oftentimes it is by people who sincerely want the property, listen!  Buyers, especially experienced Buyers can provide a wealth of knowledge for you on your deals.  They oftentimes have the scars of rehabbing and know many things you may or may not have thought of.  You want to take advantage of this information!

Some things they may share with you:

• What is the real cost of the rehab (very common) to attain the ARV advertised

• What the actual ARV for that area is. Remember, if they work that market hard, they oftentimes know several fine nuances that wholesalers rarely consider.  Read More >>

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  Know What Your Plans Are For Every Property You Look At Before You Buy?

  By Larry Harbolt on March 31, 2017
  

  One of the most important things I believe every investor should always do before ever making an offer to purchase any property is to first think about what the highest and best use for that property will be. Every day I talk to newer investors who never stop to think about the best use of the properties they look at and how this simple exercise can, and will, greatly improve their profit from every deal they do. It took me years to understand the importance of first considering what I should do with each property I was looking at before even thinking about making the offer to purchase it. This may not seem to be of much importance to those who aren’t experienced investors but one thing is for sure, if you don’t understand how to best utilize the property it will greatly affect the amount of money you make at the end of the day. It is my opinion that you should always step back and take a deep breath before making an offer to purchase a property. Determine exactly what your plans are if you are successful buying the property, while also analyzing the numbers of that property before making your offer to purchase.  Read More >>

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  Using Custom Fields and Classes in QuickBooks Online

  By Karen Bershad on March 31, 2017
  

  QBO’s tools are generic enough that myriad businesses can use it. But custom fields and classes help you shape it to meet your specific needs.

  Small business accounting is not a one-size-fits-all proposition. Your company is unique in that sense; you have your own customers and products, vendors and services. Your requirements for your accounting application—what it must do and how it does that—is unlike anyone else’s.

  QuickBooks Online contains a standard set of features that can accommodate a broad cross-section of the millions of small businesses in the U.S. It also offers customization options that you can use to make it your own. Two of these are custom fields and classes.  Read More >>

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  7 Due Diligence Tips for Real Estate IRA Investors

  By Jim Hitt on March 31, 2017
  

  The difference between a successful real estate IRA investor and a not-so-successful one often comes down to due diligence. The investor who understands what goes into valuing a property, to include historic and expected cash flows coming in and out as well as risk – is able to make better decisions than a less skilled investor. If you’ve been blindsided by the unexpected as an investor – or if you believe you could be – here are some tips from experienced professionals to improve your due diligence and help you avoid getting caught unaware by the unexpected ever again.

  • Don’t rely on pro forma financial statements and projections that you get from the seller. This is a common rookie mistake. But most of the experienced and successful investors we speak to have never seen a case where the actual cash flows from a real estate investment were better than the pro forma. Any such information you get from the seller should be considered, at best, a wildly optimistic scenario. You want to pay a fair price for the property’s actual performance, not the best-case but highly-unlikely scenario.  Read More >>

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