the profit atlanta - february 2013 - atlanta georgia real estate investing newsletter
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copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 1
Atlanta Real Estate Investors Alliance bull FEB 2013FEB 2013
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 1
Atlanta REIA LLC2700 Braselton Hwy Suite 10-183
Dacula GA 30019P 678-701-7160 bull F 770-216-1560
adminatlantareiacomhttpatlantareiacom
Which Type of Real Estate Investing Deal Has The Highest ValueBy Bill Cook 1Atlanta REIA Welcomes DS Murphy amp AssociatesBy Jeff Nix 2Learn How to Be a Blue Collar GeniusBy Jim Hitt 6Getting Started in Multifamily Part 1By Bill Ham 7Proving Lender Negligence and Fraud Part 2 Follow the MoneyBy Bob Massey 8CaptureNotes Your Life Color-CodedBy Don DeRosa 9Pre-Screening Sellers For Your Real Estate Investing Business ndash Part 1By Kathy Kennebrook 10Short Sales Are SailingBy Kimberlee Frank 14How Do I Handle A Refundable Security Deposit in QuickBooksBy Karen Bershad 15Greed In Business - Trouble In The FamilyBy Erven Kimble 17Caution Landlords Accepting Money After Filing An Eviction Impacts Your RightsBy Attorney Jon David W Huffman 19New Territories By Michael Vazquez 202013 A Year of Achieving Your Goals with PAC By Russ Hiner 21The Best Deals To Do in Real Estate in 2013 amp Beyond Part 2 By Tony Pearl 22How to Quickly Get 10 to 15 Good Rental Properties Paid For Free and Clear By Larry Harbolt 24Membership Application 26Meeting Calendar 27Calendar of Events 28
IN THIS ISSUE
Our bank savings account is earning less than 1 interest Itrsquos not even keeping up with
inflation Meanwhile Kim and I did a Lonnie Deal a few weeks back and wersquore getting an eye-popping 5038 yield on our investment If yoursquore like us you believe it makes better financial sense to get a higher yield versus a much lower one
So whatrsquos a Lonnie Deal Basically itrsquos when you buy a mobile home (thatrsquos right a trailer) in a mobile home park for cash and then sell it on time Hey in 2008 I had the same soured look on my face as you do right now as you ask ldquoTrailers Seriously Are you kidding merdquo
Back then we were getting tons of calls from folks looking for $500-per-month housing We couldnrsquot help them because our single-family houses rented for between $800 and $1400 per month I remember telling Kim that because of the huge demand for $500-per-month property we needed to start doing Lonnie Deals
We bought our first trailer on September 19 2008 in Bartow County Georgia Our all-in purchase cost was around $5500 We sold it on November 9 2008 for $16900 with the following sale terms $500 down $16400 loan balance for 75 months at 18 interest with monthly payments of $375 Our yield on this deal is a jaw dropping 8122
There are a number of advantages to doing
Lonnie Deals First in todayrsquos market therersquos a huge need for affordable
continued on page 12
Which Type of Real Estate Investing Deal Has The Highest Yield
Bill will be teaching you ldquoHow to Earn Mailbox Moneyrdquo by investing in high yield assets such as mobile homes at the Atlanta REIA Main Meeting on February 4th Come join us to learn more about the often misunderstood low cost high profit world of mobile home investing See httpatlantareiacom for more information
By Bill Cook
Bring Your Business Cards amp Flyers
MAIN MEETINGMonday Feb 4th
Crowne Plaza Ravinia Hotel4355 Ashford Dunwoody
Atlanta GA530pm - 900pm
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 2
Atlanta Real Estate Investors Alliance bull FEB 2013
Atlanta REIA Main Meeting1st Monday of Each Month at 530 PM at the Crowne Plaza Ravinia in Atlanta
See httpAtlantaREIAcom for details
Business MeMBer spotlight
D S Murphy amp Associates is a full service real estate appraisal firm with over 25 residential and
commercial appraisal associates Their average years of experience are over 15 years The firm is headquartered in At-lanta with offices also in North Carolina and Florida Each DS Murphy associate is an expert in their local area So if you have a property in Cumming yoursquoll be working with an associate who lives and works in South Forsyth County
D Scott Murphy the owner has an SRA designation from the Appraisal In-stitute the most respected designation a residential appraiser can earn and held by less than 1 of appraisers In 2004 he was appointed by then Governor Perdue to the Georgia Real Estate Appraisers Board which regulates 4500+ apprais-ers throughout Georgia D S Murphy amp Associates has appraised over 150000 properties in its 30 years
In 1999 D S Murphy amp Associates opened a real estate school to offer continuing education classes on vari-ous appraisal topics Classes are offered throughout Atlanta and all AREIA members can attend any class at no charge and earn CE credits if they hold real estate sales mortgage loan officer or attorneyrsquos license Classes are posted at wwwdsmurphycom
DS Murphy offers a variety of inves-tor related appraisal products These include as-is appraisals subject-to ap-
praisals rental analysis and an exclusive product a con-sultation appraisals wherein DS Murphy is hired as a personal consultant Over the past five years there have been more changes to the appraisal business than ever Federal regulations have changed the way ap-praisals assigned commu-nication among industry professionals guidelines for choosing comparables and much more As a consultant D S Mur-phy will prepare a detailed and profes-sional unbiased appraisal This appraisal will be useful in setting a proper list price convincing a buyer of the true value of the property outlining potential apprais-al issues or required repairs DS Murphy will also represent the seller through clos-ing There is an epidemic problem with low appraisals If the subsequent bank appraiser comes in below Murphyrsquos ap-praised value they will step in and pre-pare a rebuttal letter to be sent to the lender and fight to save your deal You may reach their office at 678-584-5900 via email at atlantadsmurphycom or on the web at wwwdsmurphycom
Would You Like to Expose Your Business to More Active Real Estate Investors
Do you own a business that could ben-efit from a whole new segment of clients or new customer base You too could
be a Business Member of Atlanta REIA Our Business Memberships are designed to give your enterprise as much exposure as possible to our members guests and followers based on your membership type (Silver or Gold) and your ongoing level of participation within our group The more you participate the more ben-efit your business will receive All we ask is that you participate with our group as much as possible and consider offering our members reasonable discounts for your products and services
Find out today if your business qualifies and if you can benefit from associating with Atlantarsquos most progressive real estate investors Call or email me to-day to receive a free report ldquo20 Ways to Get Your Business Involved with Atlanta REIArdquo
Comment on this article online at httpatlantareiacomp=19010
Atlanta REIA Welcomes DS Murphy amp AssociatesBy Jeff Nix Director of Business Membership
Register Online at httpcalculatoratlantareiacom
Join us for an eye-opening day of Creating Wealth by Understanding the Power of the Financial Calculator
NGaREIA
GRoW YoUR WEALTH WITH THE FInAnCIAL CALCULAToR
A Full Day Workshop presented by Bill amp Kim CookSaturday February 23 2013 from 9am ndash 5pm
At the Hilton Garden Inn Cartersville GAWant to know how to use the financial calculator to help determine whether the deal you are working on is worth pursuing Want to know how to calculate the mortgage payments when a homeowner says ldquoYesrdquo to your offer of ldquoWill you owner financerdquoWant to know how long it will take you to
pay off your credit card balance or how much interest you will have paid on your mortgage ten years from nowWant to learn how wealthy people just keep getting wealthier It isnrsquot a secret They simply understand Money Learning the financial calculator will help you construct safer better more profitable Real Estate Investing Deals
$149personBring a Spouse for 12 price
(thatrsquos ldquoSpouserdquo with a ring)
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 4
Atlanta Real Estate Investors Alliance bull FEB 2013
wwwFacebookcomAtlantaREIAKeep up to date with our latest opportunities by joining us on Facebook
LEGAL DISCLAIMER Atlanta REIA LLC promotes practical knowledge of real estate investment though education discussion and networking The information views and opinions expressed in the publication do not necessarily reflect the views policies and opinions of Atlanta REIA LLC or any of its members and sponsors nor does mention of certain trade names products services individuals or organizations imply endorsement by Atlanta REIA LLC or its members or sponsors The information presented in this publication is made available for informational purposes only and is not to be construed as financial or legal advice which should only be obtained through a competent attorney accountant or other qualified professional advisor Atlanta REIA LLC does not pre-qualify evaluate endorse guarantee or warranty any particular deal service company or person Atlanta REIA LLC recommends you perform your own due diligence and seek appropriate legal accounting or other professional advice before making any investment Atlanta REIA LLC disclaims any and all liability for any actions or inactions taken by readers of this informational material or as a result of communications from or to its officers directors employees contractors partners members sponsors and affiliates
2700 Braselton Hwy Suite 10-183 Dacula GA 30019
P 678-701-7160 bull F 770-216-1560E adminatlantareiacomW httpAtlantaREIAcom
Atlanta REIArsquos mission is to help insure our members real estate success by providing affordable quality real estate investing education frequent fun real estate networking opportunities and ongoing community outreach
programs to help build renovate and repair homes for needy Atlanta families while improving our local community
Dustin GriffinExecutive DirectorP 678-701-7160F 770-216-1560E dustinatlantareiacom
Christine GriffinAssistant DirectorP 678-701-7160F 770-216-1560E chrissyatlantareiacom
Jeff NixDirector of Business MembershipP 678-776-8861E jeffnixgmailcom
Gordon CattsDirector of Programs Leader of Movers amp Shakers Atlanta REIA South amp Mountain REIAP 404-454-3567E cattsgryahoocom
Alan McDonaldDirector of AVS Leader of the Beginning Investors Group amp Cashflow GroupP 770-369-0446E mcdonaldalan9yahoocom
Joe ThompsonLeader of Haves amp Wants Meeting and Speed Marketing SessionP 770-403-3227 E joethompsonjrhotmailcom
Karen BershadDirector of Membership amp Leader of theSmall Business GroupP 770-356-1234E karensmallbusinessadvisorbiz
Leslie MathisLeader of Atlanta REIA WestP 678-895-1460E lesliemathismentoryahoocom
Reginald JacksonLeader of Atlanta REIA SouthP 404-427-8797E reginald_j_2002yahoocom
Russ HinerLeader of Creative Deal Structuring Group and Mastermind GroupP 404-660-4289E Russrhinercom
Aaron McGinnisLeader of the Gwinnett County GroupP 404-788-3625E aaronmcginniscraftbuiltnet
Steve BrownLeader of Cash Cows Commercial GroupP 770-378-6235 E chase_sb14bellsouthnet
Don DeRosaLeader of Mobile Real Estate Rockstars GroupP 678-410-7352E donderosa5gmailcom
Rock Shukoor Leader of I Love Marketing GroupP 678-938-4776E realratebgmailcom
Michael VazquezLeader of Spanish Investors Networking GroupP 678-951-9222E michaelpvazquezgmailcom
Bob MasseyLeader of Short Sale amp Foreclosure GroupP 706-816-9820E bobfoundationpublishingllccom
Mark GaleyPresident of Fuller Center of AtlantaP 404-867-3258E markmagnetconstructioncom
Aislee JacksonDirector of Savannah REIAP 912-695-0665E aisleeaisleecom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 4
Main Monthly Meeting
MEETInG AGEnDA300 pm Meeting Before the
Meeting with Don DeRosa
500 pm Vendor amp Event Setup
530 pm Vendor Trade Show amp Networking
615 pm Announcements + Haves amp Wants Speed Marketing Session
715 pm Networking Break
730 pm ldquoEarning Mailbox Moneyrdquo with Bill Cook
930 pm Late Nite Networking at the Tilted Kilt Perimeter
Please Note Meeting agenda is subject to change
ldquoEarning Mail Box Moneyrdquo with Bill CookAtlanta REIA is very excited to announce that local real estate investing expert and leader of North Georgia REIA Bill Cook will be speaking at our Atlanta REIA Main Meeting on February 4th at the Crowne Plaza Ravinia in Atlanta which starts at 530 PM
Bill Cook and his wife Kim have been investing in real estate in Georgia for over 18 years They own a fair number of single-family rental homes they flip houses plus they do a lot of note and option deals But the one unique thing they do that gives them the highest yields on their investment dollars and jam packs their mailbox with money is their mobile home investmentshellip thatrsquos right they buy ugly used trailers
For example they buy a used mobile home in a mobile home park for around $3000 do a quick clean up and fix up then sell it for $9000 with $500 down at 18 interest with payments of around $275 per month for around 4 years The results of this simple deal are eye-popping They quickly turn $3000 into $12000 while getting a yield of around 100 Try matching these results with ANY other type of real estate investing vehicle And herersquos the best part you donrsquot need a lot of money and there is very little competition
Join us at our February meeting if you want to see real-world examples - including pictures and paperwork - of what Bill and Kim do to earn their mailbox money and how they do it There is no fluffhellip it will be all meat and potatoes
At Februaryrsquos meeting Bill will be answering the following questions
bull Why do Lonnie Deals
bull What is a Lonnie Deal and how does it work
bull How do you find the right mobile homes to buy
bull Which mobile home deals should you avoid
bull How to work with park owners
bull How to find sellers
bull How to buy a ldquotrailerrdquo
bull How to sell a ldquomobile homerdquo
bull What to do if the buyer doesnrsquot pay you
bull When is the best time to do Lonnie Deals
bull Examples of real deals that Bill and Kim have done
bull And much more
Come spend the evening with Bill on February 4th and let him teach you how to earn all the mailbox money you can handle in 2013
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 5
Atlanta REIA Main Monthly Meeting
February 4th
Valid Until
112015
Member No
1234
Your NameGold Business Member
Crowne Plaza Ravinia Hotel4355 Ashford Dunwoody
Atlanta GA
Atlanta REIA Members can attend for FREE non-Members amp Guests Can RSVP online at
httpRSVPAtlantaREIAcom for $15 or Pay $20 at the Door
Bill Cook
Bring your biz cards amp flyers
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 6
Atlanta Real Estate Investors Alliance bull FEB 2013
Fast track to selF-DirecteD ira investing
Blue Collar Genius DefinedA Blue Collar Genius is all of us who have mastered our craft with hard work diligence taking action creating experience making mistakes and most importantly never giving up
Thatrsquos a blue collar genius by my definition How many times have you said Irsquom smarter than he is but hersquos driving the big Cadillac and yoursquore driving the little economy car How could that guy ever make any money
Perspiration Inspiration and Blue Collar GeniusrsquoThomas Edison said ldquoGenius is 90 perspiration and 10 inspirationrdquo
The Top Real Estate IRA Investors Know Lack of Knowledge = FearHow many people do you know that have been to every seminar they know more about real estate IRA investing than anybody yoursquove ever talked to and when you ask them ldquohow many deals have you donerdquo they say ldquoWell Irsquom still working on my first dealrdquo You ask ldquoHow long have you been a member of the grouprdquo Yoursquore not shocked when they respond ldquoAbout eight or nine years but Irsquom lookingrdquo
Knowledge is wonderful but you have to actually use it
Mistakes the Top Real Estate IRA Investors Avoid1 You listen to the wrong people
starting with your family and close friends Familiarity breeds contempt or lack of faith Your family or friends have a different perception of you because they fail to see you for what you have become and remember you from your past
2 Believing or setting limitations
3 Accepting the status quo
4 A lack of awareness of a subject you want to master
5 Lack of exposure Learn what you do not know
6 Not enough research training andor education
7 Accepting the first answer Learn to ask questions to the fifth level
Top Real Estate IRA Investors Ask Questions to the Fifth Level1 What is your business relationship
Do you own property and businesses together
2 Are you married to your cousin
3 Have you adopted your cousin You cannot do loans to your children your wife or your cousin I said that on purpose by the way
4 Is the cousin married to your son or daughter
5 Is your cousin your guardian of an IRA beneficiary
6 Is your cousin an attorney CPA or financial planner who provides services to your self-directed IRA and has or does receive compensation
If a realtor says itrsquos a great area go out there at 600 am and find out Check the crime statistics Now yoursquore moving forward You will be a blue collar genius Itrsquos simple when you know more than other folks you have an edge and are an expert
If you followed my point here then you know that the questions I showed here had nothing to do with lsquocousinsrsquo but rather were to illustrate my point that you should not accept the final verdict until you are comfortable Once you get the answers three or four times with consistency then you can assume that itrsquos probably correct How many times have you gone to an attorney and one attorney says one thing and another attorney says something else One CPA says one thing and another CPA says something else
How are you going to make an informed decision until you can get a consensus Someday you just have to sit down and say ldquoItrsquos a business decision and Irsquom going to make itrdquo
For more information or to explore your options call American IRA today at 866-7500-IRA (472) We look forward to working with you
Comment on this article online at httpatlantareiacomp=19005
Learn How to Be a Blue Collar GeniusJim Hitt CEO of American IRA LLC
Jim Hitt800-750-0472JimHittAmericanIRAcom
wwwAmericanIRAcom
wwwFacebookcomAmericanIRA
wwwTwittercomIRAExpert
Jim Hitt is the Chief Executive Officer of American IRA LLC and has been committed to all aspects of investing for more
than 30 years using selfdirected IRAs for his own investments since 1982 Jimrsquos forte is the financing and acquisition of real estate private offerings mortgage lending businesses joint ventures partnerships and limited liability companies using creative techniques
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 7
Atlanta Real Estate Investors Alliance bull FEB 2013
Atlanta REIA Member Benefits
bull AtlantaREIAcom Website Blog and Member Only Area
bull Affordable High Quality Educational Workshops amp Seminars
bull Fun Frequent Networking Opportunities
bull Weekly Special Interest Groups Meet Around Town
bull Lunch amp Learn Subgroup Meetings
bull Wine amp Dine Subgroup Dinner Meetings
bull Atlanta REIA Main Monthly Meeting amp Vendor Tradeshow
bull Learn From Home on Our Monthly Webcast Series
bull Members Can Watch Webcast Replays 247365 on AtlantaREIAcom
bull Atlanta REIA Subchapter Meetings
bull Community Outreach Programs
bull Haves amp Wants Speed Marketing Session and Weekly Meeting
bull Monthly Atlanta REIA ldquoThe Profitrdquo Interactive eNewsletter
bull Weekly Atlanta REIA Email Announcements Articles amp News
bull Volunteer Opportunities
bull Member Discounts on Workshops
bull Member Discounts from Local amp National Vendors
bull And much much more
Atlanta REIA Member Discounts
bull Lowersquos ndash Save up to 7 to22
bull Sherwin Williams Paint ndash Save 30 to 40
bull Sherwin William Flooring ndash Save on Carpet Vinyl Delivery and Installation
bull Sears Commercial ndash Save 4-15 on all Appliances
bull Nu-Set ndash Save on Locksets door hardware security amp lock boxes
bull Build-A-Sign ndash Save 15 on Signs Banners and Magnetics and other products and get Free Delivery on all orders
bull And much much more
Join Atlanta REIA TodayhttpAtlantaREIAcomMembershipBecome a Member of Atlanta REIA for as little as $100year Businesses can join for as little as $150year See our Membership Application in this issue of The Profit or visit
httpAtlantaREIAcomMembership
real estate raW
Have you ever thought about get-ting into the multifamily busi-ness Itrsquos not easy and itrsquos not
for everyone but if you have what it takes I can show you how I created Real Estate Raw to pull back the curtain on the com-mercial multifamily business I have sur-vived the down turn of the economy and quite frankly I donrsquot want to go through that again Do you
How many real estate seminars have you sat through to only find that it was one big SALES PITCH Starting a business armed only with sales pitches is never a good thing In this 5 part series I will be teaching you the ldquoreal siderdquo of the real estate business
Notice I keep saying real estate ldquobusinessrdquo That is one of the first lessons that most people get wrong when starting out in real estate Let me clarify this for you
An investor is someone who is sitting around with cash that they need to get a return on If you have all the cash you need to buy real estate withhellipthen you are an investor If you are trying to create wealth in real estate (not spend it) then you will need to raise money and possibly qualify for some loanshellipyou are not an investor you are a real estate entrepreneur
I make this distinction because most people get started in the real estate business with the wrong mindset and that leads to early frustration If you are not already wealthy and looking to put cash into a property for a return then as an entrepreneur you will be building a real estate business
Now that we have that clear you need to be prepared for all that being an entrepre-neur includes This will mean hard work work that you wonrsquot always get paid for You will need to create about 10-15 hours a week to begin with Keep in mind that the majority of this time will need to be
between 9am-5pm Monday through Fri-day This is when all the agents brokers and most sellers are available and you will need to be too
I understand that this may seem like a lot of time to someone who has a family and a job and you may not have a ton of time dur-ing the work week to dedicate to your new business Find it The one thing I tell my students is ldquothe closing table doesnrsquot carehellipyou get there or you donrsquotrdquo The world is full of people who wanted to be success-fulhellip but just couldnrsquot make it That is real estate and this is Real Estate Raw
The one thing I promise you is the truth and that I will keep it REAL
In the next 4 sections I will be teaching you what to fill those 15 hours a week with such as how to get deals funded with creative financing making creative offers and creating wealth by solving real estate problems
Comment on this article online at httpatlantareiacomp=19044
Getting Started in MultifamilyPart 1 of a 5 Part SeriesBill Ham
Bill Ham478-718-0993BillPhoenixResGroupcom
wwwLinkedIncomInBillHam1
Bill Ham has been in real estate for 8 years and has created a portfolio of nearly 400 units in Macon GA using creative and seller financing
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 8
Atlanta Real Estate Investors Alliance bull FEB 2013
I n my last article I explained that there are two approaches investors can take to determine whether or
not a lender has been negligent or com-mitted fraud The first approach I de-scribed is to look through the paper trail to dig up issues The second approach is to follow the money
Not many people truly understand how the mortgage and finance industries work Itrsquos basically a shell game with them mov-ing money around with little regard as to the laws and regulations that govern how banks are supposed to act
They play this constant game all suppos-edly in the name of increasing the money supply Attorney Neil Garfield describes the process as the bank starting out with $100 in the left pocket and taking $10 out to deposit in the right pocket but still re-porting to the SEC and investors that the full $100 is still in the left pocket When the next $10 comes out described as trad-ing profits or a fee the amount in the left pocket is still reported as $100 rather than the $80 that is actually there
This is just an example of how the fi-nancial transactions that represent the mortgaging of a home rarely take place the way the homeowner or the lenderrsquos investors think To really know what is taking place investigators must follow the money as well as the paper trail The note mortgage HUD-1 and other docu-mentation connected with any given loan most likely do not reflect what actually happened to the funds As a result some argue that these documents are null and void The name of the real funder of the transaction rarely appears on these docu-ments The financial transaction occurred
with different terms and with a different party than are included on the note and other closing documents The instruc-tions to the closing agent generally come from a stranger to the transaction with instructions that any excess payment be refunded to that stranger
If the loan originator were the real payee then any wiring instructions should include terms such as ldquofor the benefit of [the name of that payee]rdquo That rarely happens The source of funds should also be included in the pooling and servicing agreement given to the investors of the mortgage-backed security pool That never happens either There is never any reference between the money chain that is represented by the wiring instructions and the documentation chain represented by the note mortgage and HUD-1
According to Garfield ldquoIt was this split between the money trail and the docu-ment trail that enabled the banks to create a long term gap during which they could trade lsquoownershiprsquo of the loan before mak-ing any attempt to deliver the loan to the investors who had advanced the fundsrdquo
To make matters even more confused the pretender lenders hedged insurance policies called credit default swaps against the potential loss of mortgage income due to default What they failed to reveal to investors was that the investment banks themselves were the ones being protected not the original investors who all had com-mingled funds in undifferentiated pools
The mortgage losses on the books of the banks also caused these same banks to get huge federal bailouts even though they had already been paid off for their losses
through credit default swaps
By following the money investigators can spot one falsehood after another showing how the investment banks cov-ered their assets while leaving distressed homeowners and the original investors to hang out to dry
Combining the method of following the money with digging up the paper trail be-hind a mortgage we now have a way to force the banks to negotiate on our terms Not only are we able to use this informa-tion to help underwater homeowners get out from under their homes with no short sale no deficiency and no coming out of pocket but we are able to pick up pretty houses at incredibly low prices
For more information on how you can get involved in helping underwater homeown-ers while doing some awesome deals give my office a call at 706-485-0162
Comment on this article online at httpatlantareiacomp=19049
Proving Lender Negligence and Fraud Part 2 Follow the Money By Bob Massey
Bob Massey706-485-0162infoREWealthCoachcom
wwwREWealthCoachcom
wwwFacebookcomBobMasseyOfficial
Bob Massey is a recovering corporate executive who is now living the dream running his own real successful estate investing business and
teaching others how to do the same In the process he has become the nationrsquos leading educator on the foreclosure investing the foreclosure process
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 9
Atlanta Real Estate Investors Alliance bull FEB 2013
Yoursquore driving your Uncle Bugsy to the doctor when you spot a ldquofor sale by ownerrdquo sign in
front of a nice little brick house Yoursquore already running late but yoursquove been watching this house ndash itrsquos got a big blue tarp draped over the roof ndash for a couple of months now Yoursquove got no pen and paper and you wonrsquot have time to stop later Sure you can snap a picture with your cellphone but yoursquod really like to take some notes too
Unfortunately Uncle Bugsy isnrsquot known for his patience so yoursquore only going to have about a minute before he starts com-plaining about how inconsiderate kids are nowadays
What should you do
If you have an iPad the solution is a great little app called CaptureNotes Capture-Notes might look like just another note-taking application but itrsquos not Yes it lets you do all the usual note-taking things create notes choose the type of paper and ink color and doodle and scribble on a touch screen So far itrsquos pretty ordinary
But there are three other things Capture-Notes does that make it really useful for us asreal estate investors
First it has some pretty sophisticated bells and whistles You can add photographs andrecord audio while yoursquore taking notes
(say in a seminar or while yoursquore inspect-ing a house) And then you can draw or write on the picture The app also uses searchable customizable color-coded flags as reminders (red for ldquoto dordquo for example or green for ldquoresearch neededrdquo) Those flags can even be used to tag a specific mo-ment in the audio
Second it allows you to import PDF files and use them as templates This is a great way to create standardized forms for spe-cific uses As an investor I find that this kind of streamlining is a big part of my success ndash it allows me to spend more time on buying and selling properties which is where the money is
Finally CaptureNotes provides a pretty painless way to back up your new files simply by uploading them to Dropbox or iTunes
Let me say something here about backing up your files If you arenrsquot already back-ing up please start Irsquove learned the hard way that itrsquos not a matter of IF your com-puter is going to crash Itrsquos a matter of WHEN And itrsquos a pretty safe bet that itrsquoll go dead at the worst possible time Please back it up
So picture it with the clock ticking (Un-cle Bugsy is waiting after all) you start a new notebook Then you jump out of the car and take pictures of the FSBO sign and various shots of the house Now add
those pictures to your note and then circle things on the picture of the house that might be problematic Go crazy and draw lots of arrows and circles Then flag some-thing just for the heck of it Between the flags and the ability to write and highlight in different colors yoursquoll have an exciting dynamic note thatrsquos definitely useful and darned near artistic
And thatrsquos a beautiful thing
Comment on this article online at httpatlantareiacomp=18998
Don DeRosainfoDonDeRosacom
wwwMobileRealEstateRockstarcomAtlanta-REIA
wwwFacebookcomDonDeRosa
wwwTwittercomDonDeRosa
Don DeRosa was recognized as one of the nationrsquos top 21 real estate investors in the New York Times bestseller The Millionaire Real Estate
Investor Don who is a full-time investor trainer and mentor is the first to offer his complete investing system on a mobile platform Don teaches investors how to Make More and Work Less by being more efficient productive and competitive leveraging mobile technology and apps on the iPad iPhone Android and other mobile devices
therersquos an app For that
CaptureNotes Your Life Color-Coded By Don DeRosa
ldquoIrsquom known for my handwritten notesrdquo ~ Pamela Anderson
wwwYouTubecomAtlantaREIA
Keep up to date with our latest videos by subscribing to our YouTube Channel
Attend Donrsquos Mobile Real Estate Rockstars Group on Feb 4th at 3PM
wwwTwittercomAtlantaREIAKeep up to date with our latest opportunities by joining us on Twitter
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 10
Atlanta Real Estate Investors Alliance bull FEB 2013
Marketing Magic tricks
By remembering just a few basics you as a Real Estate Investor can quickly determine whether or not
a seller is motivated to sell their prop-erty First of all a motivated seller will ask questions like ldquohow soon can you buy my houserdquo or ldquoHow can you help me get out of this situationrdquo or ldquoHow soon can you get hererdquo An experienced Real Estate Investor knows these are re-ally good questions for a seller to ask
There are two types of houses we are go-ing to buy either pretty houses or ugly houses and there are motivated sellers in both of these categories When you are marketing to sellers there are certain types of sellers who are much more likely to have a house they need to sell
For example I personally like working with out of state owners (folks who own a property where you live but donrsquot live there full time) heirs divorces vacant houses estate and probate properties military transfers and pre-foreclosures These sellers are much more likely to have a house they need to sell ldquoright nowrdquo and thatrsquos the kind of seller you want to work with As a Real Estate In-vestor you may also run into landlords who are fed up with tenants ruining their properties over and over These are all good sources of motivated sellers Most of these sellers are folks who donrsquot live in these properties
Okay so how are you the Real Estate Investor going to identify a motivated
seller First of all donrsquot be afraid to ask questions This is a basic truth in the real estate investing business The more will-ing a seller is to answer whatever ques-tions you ask the more motivated they are Never be afraid to ask ldquoIs that the least you would takerdquo You might be re-ally surprised at the answer to this ques-tion especially if you are dealing with a motivated seller
For example I recently worked with a seller who was asking $205000 for a property in good condition worth $275000 This seller was already mo-tivated but I ended up paying only $180000 for this property simply be-cause she asked if they would accept a lower price So be willing to ask ques-tions and know that the more willing a seller is to answer them the better deal you will make This is going to be very crucial to the success of your real estate investing business and the amount of profit you make on your deals
Another basic truth is that the more equity there is in a property the bet-ter a deal you are likely to make espe-cially if the house needs repairs Usually if there is a lot of equity and the sellers have owned the home for a long time or if they have just inherited it the more likely they are to let you have a large chunk of that equity for your profit
If there is very little equity in the prop-erty you are much less likely to be able to create a good deal unless the property
owner is simply willing to deed you the property for the balance of the mortgage and walk away As a seasoned Real Es-tate Investor I can personally tell you this absolutely happens So donrsquot be afraid to ask the question ldquoAre you will-ing to sell for what you owerdquo If they say yes you are dealing with a motivated seller who is likely to deed you the prop-erty for the balance of their mortgage which not only will lead to a good profit
Pre-Screening Sellers For Your Real Estate Investing Business ndash Part 2By Kathy Kennebrook The Marketing Magic Lady
Domain Names for just
$199
for first year with new non-domain purchase
httpSuperSmartDomainscombull Domain Names
bull Web amp Wordpress Hostingbull Email amp Exchange Accounts
bull SSL Certificatesbull Marketing Toolsbull and much more
Certain terms and conditions do apply See website for details
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 11
Atlanta Real Estate Investors Alliance bull FEB 2013
+ Voicemail+ Virtual Faxing
+ 24-7 Live Operators+ Online Management
Only
$30per month
Be sure to ask for the REIA discount
Or visit us on the web at
QualityAnsweringServicecomAtlantaREIA
877-774-1717
LIVE ANSWERING SERVICE
30MINUTES
Join us for Education amp networking at the Meeting-Before-the-Meeting each monthWe meet at the Total Wine amp More located at 124 Perimeter Center W
in Atlanta at 300pm before our Atlanta REIA Main Meeting
PERIMETER
wwwYouTubecomAtlantaREIA
Keep up to date with our latest videos by subscribing to our
YouTube Channel
for you but you donrsquot have to worry about where the money is coming from to fund your deal
Another truth is that the uglier the house the more motivated the seller is likely to be If you arenrsquot getting your offers accepted on ugly houses that you can quickly wholesale you arenrsquot target-ing the right kind of junker properties Ask any Real Estate Investor who has been in the business for awhile and they will tell you there is a fortune to be made in ugly houses The more difficult it is to find this type of seller the better deal you are going to make
Another situation that arises fairly often in todayrsquos market and creates motivated sellers is a simple one for you to spot If a seller is behind on payments this is definitely going to be a motivated seller If a motivated seller is behind on pay-ments and they have a lot of equity this is an opportunity for you to make a re-ally good deal You as a Real Estate In-vestor just have to learn to use a script to ask the right questions to determine if a seller is motivated and what kind of deal you are going to make with them Itrsquos not magic it just takes a little nego-tiation and a few questions to pre-screen sellers and create some really good deals
Just remember this the seller is either in or they are out donrsquot waste your time chasing dead deals If you follow this simple rule you will make a lot of mon-ey in your real estate investing business
For more information on pre-screening sellers locating motivated sellers and buyers and exit strategies visit Kathy Kennebrookrsquos website at wwwmarket-ingmagicladycom
Comment on this article online at httpatlantareiacomp=19027
Kathy Kennebrook941-792-5390KPaddlerATTnet
wwwMarketingMagicLadycom
wwwFacebookcomKathyKennebrook
Kathy Kennebrook is a speaker author and has been actively investing in real estate since 1999 Kathy currently resides in Bradenton FL and is known as the Marketing
Magic Lady because she is the countryrsquos leading real estate marketing expert on finding motivated sellers using direct mail
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 12
Atlanta Real Estate Investors Alliance bull FEB 2013
housing Second therersquos not much competition Folks wanting to buy a trailer are forced to pay all cash ndash cash they donrsquot have ndash because banks wonrsquot lend on used mobile homes in a park At the same time very few sellers offer owner financing If you buy for cash and then sell on time yoursquore offering a very unique ndash and profitable ndash service Third every month you receive mailbox money that is taxed as portfolio income ndash which means these earnings arenrsquot getting hit with Social Security or Medicare Taxes
There are also a couple of disadvantages First you must remember that park owners are all-powerful Donrsquot do a deal in a park unless you and the park owner have a clear meeting of the minds Second some of the buyers you work with can be pretty interesting Itrsquos shocking how many are 100 healthy but still get monthly disability checks These are your tax dollars at work folks
A few weeks back I partnered with my buddy Houston Long on my most recent Lonnie Deal He is a long-time
friend and fellow investor I put up the deal and the purchase money Houston agreed to be responsible for the rehab marketing and selling After Irsquove been repaid my purchase money we will split all profits 50-50
The trailer is a nice three-bedroom two-bath doublewide in a park in Acworth Georgia The seller was asking $12000 She agreed to our $5500 offer that included the following purchase terms Wersquod give her $3000 cash down if shersquod accept an unsecured note for the $2500 balance with payments of $100 per month at 0 interest for 25 months
A few weeks later Houston sold this home with owner financing for $17500 with the following sale terms $2000 down payments of $250 per month at 14 interest for 114 months
Including our expenses (about $2000) our yield on this deal was 39 When it came time to make our first $100 monthly payment to the seller we offered her $895 cash in exchange for our $2500 note She quickly accepted our offer Shorting our note from $2500
down to $895 lowered our purchase price from $5500 down to $3895 and increased our yield from 39 up to 5038
Over the years Kim and I have done a wide variety of creative deal structures Our favorite ndash and it happens to offer the highest yields ndash is Lonnie Deals
Comment on this article online at httpatlantareiacomp=19069
continued from page 1
Bill Cook 727-420-4810BillCook2009Gmailcom
wwwREIOutpostcom
Bill Cook is a full-time real estate investor speaker and author He specializes in single-family homes and mobile home parks Bill believes
that real estate investing especially the act of buying and holding rental property is the surest way to financial independence and wealth Bill and his wife Kim run North Georgia REIA where
they teach others how to successfully invest in real estate
Place Your Advertisement Here and Get Noticed
Sign up now and get your ad created by our design specialists for FREEThis introductory special is available for a limited time onlyIf you are ready to get started see our Advertising Rates in this issueThen call Christine Griffin at 678-701-7160 or email adminatlantareiacom
Mutiple Sizes Available
Buy a home like this at a (Actual Property Inventory May Vary)
Step-By-Step Real Estate SuccessAs Atlantas First Full Service Wholesaler We Can1 Find you the deal 65 of the after repair value (includes purchase
price and repairs)2 Provide a certified appraisal to validate value3 Finance the purchase price and repairs4 Have access to our in house contractors to complete repairs for you5 Use our selling agents to sell your beautiful renovated home6 Use our leasing agents if you prefer to buy and hold7 We have just taken all risk out of the deal for you
Goldmine PropertiesWhere Integrity amp Character Matter
WHoLESALE REAL ESTATE 65 LTV
Purchase Price amp Repairs are 65 of Certified After Repair Appraisal
Financing Available
SInCE 1996 WE HAVE WHoLESALED oVER 1700 PRoPERTIES
REnTAL PRoPERTIES 12-18 RoI with 35 Equity
THIS IS AS GooD AS IT GETS The most difficult and important aspect ofReal Estate Investing is finding the deal
ldquoTHIS IS OUR SPECIALTYrdquo
MIKE CHERWENKAmcherwenkaaolcom H wwwgoldminepropertiesnet
(Loan to Value)
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 14
Atlanta Real Estate Investors Alliance bull FEB 2013
PRAdO
Join us at the
Haves amp Wants MeetingEvery Thursday at 130pm 5 Seasons Brewing located at
5600 Roswell Rd in Sandy Springs at the Prado
Short Sales Are SailingBy Kimberlee Frank
Many Investors and Realtors avoid short sales like the plague They are definitely
missing the boat My business special-izes primarily in short sales and I have seen an increase in the number of ap-provals we are getting The time line for a short sale varies from 90 to 120 days if you submit the lender a ldquocompleterdquo short sale package Since short sales are dominating the market the Lenders are creating more streamlined processes to conduct smoother short sales If you do short sales then I am quite sure you have heard of the online system called ldquoEqua-torrdquo Equator allows all of the short sale paperwork to be processed electronically through one common venue versus tra-ditional and random faxes and emails Having a file processed online avoids the common objection from the short sale lender of ldquoWe didnrsquot receive the docu-mentsrdquo Effective January 1 2013 the newest lender that has started to use Equator is Chase The following lenders and servicers are presently using Equa-tor 1) Bank of America 2) Chase 3) Wells Fargo 4) GMAC 5) Nationstar 6) ASC 7) Carrington Mortgage and 8) Homeward Residential Services
The Equator System assigns applicable tasks to each party (Agent Negotiator Closer etc) including a deadline in which to complete each task I like the fact that the lenders can no longer say ldquoOh we never got that paperworkrdquo However I
donrsquot like the fact that they are tracking our information Nationstar has taken the collection of Buyerrsquos information to a whole new level They require all Buyers to fill out a loan application even though they most likely will not be using Nation-star as a lender This application has been mandatory and this has not been waived on any of my files If you are a Buyer on any property you are required to provide your name address telephone number DOB SS assets employment history and more This is regardless if you are purchasing for investment or personal use and if you are getting a mortgage or pay-ing cash
I believe that the lenders are collecting data against all Buyers and will soon share with each other how many deals each Buyer has purchased I had one student inform me that once he purchased over 10 properties from Bank of America he was no longer allowed to purchase any more in his name his wifersquos name or company name Therefore in the future when all lenders work as a team they will share all of this information and limit the amount of deals that an Investor can purchase Wells Fargo started using a system called Core-Logic approximately 2 years ago which al-lows them to simultaneously check to see who was applying for a mortgage at the same time they were conducting a short sale This caused Investors a hardship
even though they fully disclosed to Wells Fargo their intention to buy resell andor fix the property if they used my paper-work Many short sales were not approved at that time and many Investors had no idea WHY Some of the lenders frown on the fact that Investors are purchasing the property and would rather sell the house to a homeowner
You would think that the lenders since they are funded by Investors would un-derstand how we Investors work We donrsquot buy properties at full value as we are not going to live in the home This is a business and we canrsquot make the Sellerrsquos problem our problem by paying full value It is the Investors like us that are helping the lenders get money and not go under
Now is the time to purchase short sales and if you havenrsquot started you have 10 years to ride the wave so do it now Align yourself with a good Mentor and take flight just like many Investors around the world
Happy Sailing
Comment on this article online at httpatlantareiacomp=19030
Foreclosures gone WilD
Kimberlee Frank 407-888-3255KimberleeForeclosuresGoneWildcom
wwwForeclosuresGoneWildcom
wwwFacebookcomForeclosuresGoneWild
wwwLinkedincominKimberleeFrank
wwwTwittercomKimberleeFrank
Kimberlee Frank is a Master Negotiator who has closed over 600 deals since 1998 She is a Mentor Trainer Author and Real Estate Broker teaching Investors
and Realtors how to creatively purchase and sell short sales with her Step-by-Step System She has helped Investors and Realtors earn hundreds of thousands of dollars
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 15
Atlanta Real Estate Investors Alliance bull FEB 2013
Karen Bershad(770) 356-1234KarenSmallBusinessAdvisorbiz
wwwSmallBusinessAdvisorbiz
Karen Bershad is ldquoThe Small Business Advisorrdquo Most small business owners have a challenge handling all the different areas of
running a business The accounting can be a challenge particularly if the software seems overwhelming The Small Business Advisor is what you may need to get you to the next level of your business We work at your office or provide off site assistance in getting things under control by providing a wide variety of services that are specifically for the small business
How Do I Handle a Refundable Security Deposit in QuickBooksBy Karen Bershad The Small Business Advisor
It is the goal of this column to an-swer questions about QuickBooks and how it is used in the REI arena
Know how to record transactions in the proper way and have your set of books in good shape when it comes time for taxes It is our intention to do this by you the members submitting questions to Karensmallbusinessadvisorbiz and getting answers here in this column
Q I am having difficulty reconciling my bank account I have reviewed each entry and have found that several of my deposits do not match the amount the bank has for them How do I see all my detail on each deposit without click-ing on each one to open it
A Go to Reports ndash Banking ndash and look for a report called ldquoDeposit Detailrdquo It will give you line-by-line detail of your deposits in one report and you can com-pare that to what you have in the bank If you make copies of the checks for each deposit and put it with your deposit ticket on each one that will give you a paper back up of what you actually gave the bank This way if the bank made the error then you have details of what you produced to the bank
Q Why do I need to create sub accounts in my chart of accounts
A The Chart of Accounts is the main driver of the program If you have you accounts set up properly your reports ndash Income Statement and Balance Sheet ndash will be reflected properly You may want sub accounts for some of your ex-penses in particular to be able to see where certain money is being spent For instance ndash if you make sub accounts for Auto Expenses ndash Fuel Repairs amp Maint Tags Tolls amp Parking Insurance etc ndash you then can see that the total amount spent in that areas was not just Fuel which is expensive but you had a major repair done and therefore your compari-son to last year for the same time makes more sense
Q I received a ldquoRefundable Security Depos-itrdquo from my tenant How do I enter this into QuickBooks
A This is a Liability account that you will need to payout at some later date In your chart of accounts you should have a Liability account set up for Security De-posits Escrow ndash or some name that sets it apart from security deposits you paid that are owed back to you (which is an Asset) In the deposit window instead of showing this as income you should go to this special Liability account and book
it to that account When it is time to pay the tenant the money back less any damages if need be you will write the check out and expense it also to this Li-ability account to clear the money from the account
Comment on this article online at httpatlantareiacomp=19023
the QuickBooks Quickie
When yoursquore ready to get started see our Advertising Rates in this issue and then call Christine Griffin at 678-701-7160 or email adminatlantareiacom
httpatlantareiacomthe-profitadvertising-rates
If yoursquore looking to reach the Real Estate Industry here in the Greater Atlanta Metro Area and throughout Georgia you canrsquot do better than The PROFIT Your ad will reach more than 10000 each month with your message Our production teams are among some of the best designers in the country We make you look GOOD
Advertise Your Business in The Profit
American IRA Wants to be a Value Added Service to You or Your Business
Contact our office for any self-directed IRA questions you have or for a free consultation
1-866-7500-IRA(472) or infoamericaniracom
P We do business the old fashioned way At American IRA we pick up the phone
P We offer personalized service catered to each of our clientsrsquo needs
P We provide educational articles live webinars and many other resources
P We have experienced IRA instructors who are available for speaking engagements
P We provide joint webinars which allows you to high-light your services
P We provide free copies of your webinar in CDDVD format for you to promote your services
P We have a resource page on our website to list your services on (certain restrictions apply)
P We are experienced in investinghellip we understand your investment language
wwwAmericanIRAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 17
Atlanta Real Estate Investors Alliance bull FEB 2013
Business By the Book
Greed In Business = Trouble In The Family By Erven Kimble
The relentless drive to acquire the elusive ldquoAmerican Dreamrdquo is what fuels many business profes-
sionals To many in pursuit of the worldrsquos definition of success means ldquogetting more and morerdquo ldquoclimbing the corporate ladder at all costrdquo or perhaps it means ldquothe end justifies the means no matter whatrdquo This kind of ill-advised pursuit requires that a person disconnect other areas of life that makes significant demands on their time and attention One way to separate these distractions is to departmentalize them
Highly motivated entrepreneur and busi-ness professionals often compartmentalize their professional interests from the rest of their personal lives Many ldquogo-gettersrdquo tend to divide their lives into these differ-ent compartments and make decisions as if they are not interconnected For many their thoughts about church religion matters concerning God and the Bible or even their family have little or nothing to do with their day-to-day business decisions and activities that are required to be suc-cessful They rationalize that these differ-ent compartments neatly and separately co-exist For instance one might
bull Define things as being secular versus spiritual
bull Make clear distinctions between that which is personal as opposed to the professional matters
bull Or draw a big distinction between their family life and their business life
The truth of the matter is that God does not view our lives as being compartmen-talized A Biblical view sees the secular as spiritual and our professional and personal lives co-existing in the same space The
actions and the decisions that we make at the office effects what happens at home Whether a person realizes it or not deci-sions and practices in the work place have a direct impact on what happens back on the home front
The relentless drive to get more and more in the workplace is called ldquoGreedrdquo Greed is flaw that ultimately brings distrust and dishonor to all those involved A person in pursuit of unmerited gain is a continuous source of grief for themselves as well as their families Greed and covetousness leads men and women to habitually want more than their share As a results the progres-sive overflow of greed leads to bribes and the kickbacks Bribes and kickbacks are a perversion of justice a misrepresentation that ultimately breeds distrust and dishon-or to all those that are involved including all family members who bear their name
Those who refuse to be involved in these ungodly practices
will find longevity and prosperity
There is energizing freedom and great gratification in honesty that translates into the idea of establishing a legacy Business-men and businesswomen that strive to operate an honest business not only live well themselves they also leave a proud heritage to their children Conversely the foolish and fraudulent leave an inheritance of misery
ldquoThe good people who live honest lives will be a blessing to their childrenrdquo (Pr 207)(NCV)
A familyrsquos religious passion will produce the familyrsquos long-term qualities In other
words the children of ethical parents are the recipients of the divine favor of God The family traits model behavior that is mimicked by the children and ultimately the advantages or the hazards are experi-enced by the next generation When there are models of godly parents who live out their Christian beliefs the children are challenged to become wise themselves
Thoughts to Ponder
I Have you ever considered your business decisions would directly impact your family
II What legacy are you preparing to leave your children or family
III Have you considered the long term generational effect of your business practices
Comment on this article online at httpatlantareiacomp=19001
God does not view our lives as being compartmentalized
ldquoGreedy people bring trouble to their families but the person who canrsquot be paid to do wrong will liverdquo (Pr 1527)(NCV)
Erven Kimble 404-606-8909ElegantHomesLLCYahoocom
wwwPeopleWhoBuyHousescom
wwwFacebookcomEAKimble Erven Kimble is an accomplished pastor teacher author community leader licensed Christian Counselor and Real Estate entrepreneur Erven is a visionary that has faithfully
served as the Senior Pastor of a local church in Lilburn Georgia for twenty years
The author searched the Book of Proverbs and Psalms and extracted wisdom that reference business and finances to produce the series of articles called Business By The Book The purpose of these articles is to present time tested and proven Biblical principles in a way that is practical relevant and beneficial to the average business person
HOME INSPECTION
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Great for Rehabs
Investor major systems InspectIon25 of your Fees are credited toward
A Full Home Inspection
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bull 1st Home regular pricebull each Inspection accrues an additional
5 discount on Inspections 2ndash5bull Inspections 6 and beyond are 25 OFF
REI SPECIALS
bull FRee 90-day Home warranty wItH every complete Home InspectIon
bull FRee recall cHeck on applIcances and mecHanIcal components oF tHe Home wItH FRee Updates For lIFe
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bull 247 onlIne scHedUlIng and docUment sIgnIng
bull FRee repaIrs re-InspectIon and InspectIon Update
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bull BOnDeD amp InsuReD wItH errors and omIssIons InsUrance
Visit wwwPetesFriendlyHomeInspectioncom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 19
Atlanta Real Estate Investors Alliance bull FEB 2013
Caution Landlords Accepting Money After Filing An Eviction Impacts Your RightsBy Attorney Jon David W Huffman
Landlords often have mixed emo-tions when their tenants call and offer them money after a dispos-
sessory warrant (an eviction) has been filed On one hand landlords are in the business of collecting rent However they worry how it may affect moving forward with the eviction Accepting a payment after an eviction is filed does af-fect your rights
Residential Landlords
A residential landlord has a duty to ac-cept a payment from a tenant who is in default if and only if the tenant tenders ldquoall rents allegedly owed plus the cost of the [eviction]rdquo1 However the tenant can-not wait until the last moment to do this They must tender the full payment within seven days of the day they were served the eviction paperwork2 There is no need to worry about a tenant doing this perpetu-ally because a landlord is only obligated to accept this type of payment once per year3 Making this payment provides a complete defense to the eviction and upon receipt a landlord should dismiss the eviction
If a residential tenant offers a partial pay-ment however BEWARE A residential landlord who accepts a partial payment from a tenant after an eviction has been filed waives his right to continue with the eviction and admits the continuance of the lease4 In simple terms the eviction fails and the landlord must start the eviction process over if he wishes to evict the ten-
ant It does not matter when the partial payment is made ndash whether one hour after the eviction is filed or five minutes before the eviction trial Thus the landlord must either reject the partial payment or if ac-cepted he must restart the eviction process
Commercial Landlords
Perhaps unsurprisingly the law on ldquonon-residentialrdquo or commercial leases allows more freedom to contract
A commercial tenantrsquos right to tender past due rent and the dispossessory fee can be contractually waived5 Indeed in many commercial real estate leases this right is waived All commercial landlords should have an attorney review their lease to en-sure that they have the right to regain possession of their property upon default without giving a tenant the right to pay the past due rent and dispossessory fees
Following the freedom-to-contract prin-ciple a commercial landlord can accept a partial payment without waiving his rights to evict Under OCGA sect 44-7-52(c) a commercial landlord is free to take a par-tial payment and continue the eviction process unhindered Of course any money received would offset the landlordrsquos dam-ages So commercial landlords cash that check and keep on going
Disclaimer The information contained in this article is for informational purposes only and is not legal advice or a substitute for legal counsel
It does not constitute advertising or solicitation The information in this article may or may not reflect the most current legal developments ac-cordingly this article is not guaranteed to be complete and should not be considered an indi-cation of future results
Comment on this article online at httpatlantareiacomp=19013
1 OCGA sect 44-7-52(a)2 Id 3 Id4 Gay v American Oil Co 115 Ga App 18 153 S E 2d 612 (1967)2 Id3 Id4 Gay v American Oil Co 115 Ga App 18 153 S E 2d 612 (1967)5 Hardwick v 3379 Peachtree 184 Ga App 822 824 363 SE2d 31 (1987)
real estate legal report
Jon David Huffman 404-373-4008 x 304JonDavidPooleLawGroupcom
wwwPooleLawGroupcom
wwwJonDavidHuffmancom
Jon David Huffman is a litigation attorney specializing in real estate disputes business disputes and commercial collections With
more than a decade of experience managing small businesses before attending Emory Law School he brings a business ownerrsquos perspective to the practice of law
wwwMeetUpcomAtlantaREIA
Join us on Meetup and RSVP for the meetings you will be attending
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 20
Atlanta Real Estate Investors Alliance bull FEB 2013
With each New Year comes new ventures More and more often investors have
to expand their investment territories in order to stay active As technology con-tinues to make the world a smaller place many investors are also looking at invest-ing in different states and some in differ-ent countries By doing this the amount of inventory increases dramatically if you make the right contacts At the same time if you work with investors that are open in investing out of state or in different coun-tries you have the ability to sell more
With all this said it is not always as easy as it may sound whether you are the buyer or seller As the buyer you need to make a trip to the new area you are looking to invest in The reason to do this is obviously to learn the market but secondly to make a few key contacts in the area The main contacts you need to make are a few wholesalers real estate agents contractors a title company and property management if you are look-ing for rentals Not only will these contacts help you in their area of specialty but they can also be go-to people for a second opinion on any potential deals In order for this to be a win-win situation you want to use these contactsrsquo services For example if you ask a contractor to verify repair cost on a home you should use himher for that project
The suggestions mentioned above also ap-ply to those looking to sell properties out-side their local area of expertise If you are teaming up with a local in a new area make sure you are working with someone that can answer questions experienced investors will need answered Keep in mind that just because someone tells you a property is a good deal to invest in does not mean it is
You may be marketing a property that you would normally not market Even worse you may end up selling a property that you would not have sold if you knew the market better Investors will typically follow you into another statecountry if you have been part of their success in their local market Investors should do their own due diligence but you should do your own before even marketing that deal otherwise you will lose credibility You may not only lose credibil-ity in the new market but also in your local market You can also lose money that you have out for a due diligence period andor earnest money if you discover that you con-tracted a dud Remember the importance of closing once you have a contract in place
Before venturing into a new market make sure you at least make the contacts men-tioned above Let them know your inten-tions of investing andor selling in their area soon but are currently familiarizing yourself with the market This will prevent them from thinking of you as just another window shopper Remember that if you create a win-win-win situation your success will continue to grow
Comment on this article online at httpatlantareiacomp=19041
FroM contract to closing
New TerritoriesBy Michael Vazquez
Michael Vazquez 678-951-9222MichaelPVazquezGmailcom
Michael Vazquez has been offering properties to real estate investors significantly below market value since 2006 in both Texas and Georgia
Michael is always looking to for more investors to work with
Solutions that help you Make More
Work LessUse your iPad iPhone or other mobile device anywhere tohellip
H Find comps and rental rates
H Sign and send contractsH Plan your entire rehabH and so much more
Check it out noW5 Day Trial for only $1
Make More Work LessGo To
MobileRealEstateRockstarcomAtlanta-REIA
Keep up to date with our latest opportunities by joining us on Twitter at wwwTwittercomAtlantaREIA
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 21
Atlanta Real Estate Investors Alliance bull FEB 2013
Every New Yearrsquos Day people consider what they want to ac-complish in the following year
Well we are now 30 days into 2013 and I am sure that you have reflected on 2012 What resolutions did you follow to success What results have you seen from last yearrsquos work
At the beginning of 2013 I reflected on what I considered success Like many of you I realized that I want to improve my monetary financial relationship and problem-solving skills because these lead us to success What is success in 2013 ACHIEVING MORE OF YOUR GOALS
We all know that success in our busi-ness means learning new tricks tips and techniques We must accumulate knowledge and power We must achieve a superior capacity to think and act effectively through presentations best practices and strong strategies We must have a highly competitive advantage a platinum value But how do we strengthen the skills that we MUST have
The ONLY way to achieve this is through what I call PAC Planning Accountability and Consistency
Planning
Planning means success Planning means that you will be prepared to react logically You will be able to carefully consider the market environment re-lationships and finances Planning sets you up for control of your own success
Because Irsquove been in this business for so long one of the many things I can tell you is an easy way to plan-- measure what you are doing Here is how
bull Graph your numbers once a week
bull Reflect on your graphmdashAre your ef-forts showing success
- If not change your strategy
- If so reflect on what you have done and decide how to do it even better
For example wanting to earn $200000 a year is my goaldesired outcome To do this I will work backwards from the goal to the actual steps and processes needed to allow me to achieve the goals These steps are the action plan
ONLY when we know our goals can we outline the steps to get there Only then can
we follow the steps and make adjustments
Accountability and Consistency
Do you make time for your success or do you need support to be consistently accountable to your goals your plan and yourself
This is where I come in I can coach you with your plan accountability and con-sistency PAC
Irsquod like to share some of my action steps for 2013mdashthese are examples of action steps that as your coach I can help you to create plan and execute As your coach I can help you increase your ex-pertise with goals like these by helping you to use the PAC principles
1 Increase my profitability by using my resources effectively and ef-ficiently Example Limit events tasks and time with people which donrsquot align with my goals or which canrsquot be satisfied
2 Create systems situations and op-portunities to meet and present to qualified customers Goal Meet new customers 20 of the time
3 Focus 100 on my emotional physical and mental focus What can I do
4 Debrief after events to increase my expertise
Consistent effort energy time use of resources and learning will allow me to achieve my goals It will help you toomdashif you apply PAC
With PAC and my assistance you can eliminate sabotaging behaviors and be-
hoW to Be a real estate investor
2013 A Year of Achieving Your Goals with PAC By Russ Hiner
Join us for
LATE nITE nETWoRKInGat the Meeting-After-the-MeetingWe meet at the Tilted Kilt Perimeter located 1155-B Mount Vernon Highway in Atlanta right after our Atlanta REIA Main Meeting
PERIMETERcontinued on page 23
Attend Russrsquos Creative Deal Structuring on Feb 9th at 7PM
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 22
Atlanta Real Estate Investors Alliance bull FEB 2013
Welcome back If you read Part One of this article you know that we covered the
other different types of popular real es-tate deals that most people do and the biggest problems with them these days Then we talked about how advantageous it is to do the new type of deals Whole-saling Pretty Houses
But we still have a few important things to cover so letrsquos pick up where we left offhellip
Once you agree on the deal amp terms with the seller you get all the paperwork signed amp closed at either a title compa-ny or attorneyrsquos office No exceptions Yoursquoll want that legal backup in case the seller conveniently forgets what they agreed to later
So now yoursquove got a deal under contract amp all the paperwork signed What now Simple You get it lsquosoldrsquo as an oppor-tunity to a tenant buyer who 1 Has a decent chunk of money to put down (typically $5000+minimum) and 2 Can afford the existing monthly mort-gage payments
For example letrsquos say you have a house worth $250000 The seller owes $260000 with monthly PITI payments of $1550 amp theyrsquore current The house needs little to no repair amp is in a great neighborhood where people want to live The seller just wants to walk amp realizes
that there is NO money to be made on this deal obviously
So at a glance it looks like this
ARV $250kOWE $260k PAYMENT $1550 PITI
currentREPAIRS $0ASKING $0 Just wants out (for what-
ever reason eg job x-ferloss divorce etc)
So you SELL the house on a Lease Purchase (aka lsquoRent to Ownrsquo) to a tenant buyer who falls in love with the house has at least $5000 to put down as Non-Refundable Option Consideration and can easily af-ford the $1550 monthly payments (plus utilities HOA etc obviously)
You arrange the closing at the title compa-nyattorneyrsquos office (have the tenant buyer pay their fee) and collect your check
hellipAND YOUrsquoRE DONE You are OUT of the deal from this
point forward
So what just happened And why would you WANT to be OUT of the deal after that
Good question Letrsquos recap shall we
You found amp negotiated a deal on a house with little to no equity that no one else would touch You solved the sellerrsquos prob-
lem amp they love you for it You then went amp found a tenant buyer who couldnrsquot buy a house now if their life depended on it (in most cases) and gave them an honest op-portunity to eventually buy this beautiful house in a beautiful neighborhoodhellip even if their credit is terrible
(NOTE The worse their credit is the more you should collect as a downpay-ment )
After that the tenant-buyer should just make the monthly mortgage pay-ments as rent There are a few options on how they can do this 1 Pay directly to the seller 2 Pay directly to the mortgage company 3 Pay to a 3rd-party paymentescrow company I highly suggest doing the 3rd so everyone can be sure the pay-ments are made on time There are several companies that will provide this service for you for a nominal fee ranging from $5 to $50mo Check around for more informa-tion on that
So herersquos the next big question WHY would YOU as the investor want to be DONE with the deal after that Why wouldnrsquot you want to get the deed or stay in the deal
Herersquos the answer You WOULD want to stay in the deal (and maybe get the deed)hellip IF
IF the seller has equity IF the house is go-ing UP in value Or IF the mortgage pay-
The Best Deals To Do in Real Estate in 2013 amp Beyond ndash Part 2By Tony Pearl
pearls oF WisDoM
NGaREIANorth GeorGia reia MoNthly MeetiNG
2nd Thursday of Each Month at 700 PMat the Hilton Garden Inn
Cartersville GA
See httpREIOutpostcom for more information
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 23
Atlanta Real Estate Investors Alliance bull FEB 2013
ments are LOW and the rent is HIGH Those are some great examples of why you WOULD want to remain in the deal
But IF the opposite is true you should simply collect your down payment from the seller amp assign that deal that you just lined up Wait a minute Assign the deal WHO would you assign the deal to
Irsquom smiling as I write this and hopefully you will too as you realize the obvious
You ASSIGN the deal right back to the SELLER of the house Does that make sense
When the house goes back up in value amp the tenant buyer is ready to buy guess what
Theyrsquoll buy directly from the seller And you explain all that to everyone involved in the deal
This Type Of Deal Is Tremendously Advantageous
To You When
bull Houses in that area are still declining in value
bull If the seller simply owes too much
bull Or if you just want an easy-in easy-out type of simple deal to do that still quickly puts thousands of dol-lars in your pocket without any risk or rehab
In the example above you got a check for (at least) $5000 pretty quickly and you donrsquot have to deal with the tenant-buyer or the seller ever again if you donrsquot want to In Out Paid Done Simple
Of course there are some important de-tails in the middle that you should learn If these types of deals make sense to you and you would like to learn more either ask your local REIA leader to get more information for you or drop me a line Irsquod love to help
So there you have it I believe that wholesaling pretty houses is one of the best types of deals you can be doing in 2013 amp beyond Itrsquos quick amp easy and there are plenty of deals like that out there now Best of all therersquos VERY little competition to do this For now
Hopefully your competition wonrsquot read this article
Until Next Time
Tony Pearl
Comment on this article online at httpatlantareiacomp=19037
Tony Pearl202-556-0670TonyTonyPearlcom
wwwTonyPearlcom
wwwFacebookcomTonyPearl
wwwTwittercomTheTonyPearl
wwwYoutubecomTonyPearl
Tony Pearl is an entrepreneur copywriter proud father mentor marketing consultant and talented teacher who resides in the Washington DC area He
has traveled to over 26 countries speaks 4 languages and continues to travel extensively He has been a professional Ballroom and Latin dance instructor competitor and exhibitor for over 19 years As a Real Estate Investor Tony has bought and sold over Ten Million dollars worth of real estate and has been educated by and associates with the best
Russ Hiner 404-660-4289RussRHinercom
wwwRHinercom
wwwFacebookcom1RHiner
Russ has been investing in real estate in Atlanta Georgia since 1981 His company currently controls apartment buildings and single-family properties in Georgia and
other states His focus is on raising private capital through Hedge Equity LLC
Russ invests everyday His knowledge and experience is current in the market He is capitalizing on the needs wants and desires of the customer He has a deep level of experience in building relationships with vendors investors tenants sellers and qualified buyers He has the knowledge to negotiate contracts manage rental properties and make his co-investors wealthy He enjoys taking properties which are virtually destroyed renovating them and creating a better community
come accountable Being accountable will lead to success which will give you the confidence to take responsibility for your greatness Confidence is liberating It leads to increased passion for your work With renewed passion 2013 can be your year of commitment and success With renewed energy you can follow your Plan that will lead you to Consis-tency Accountability and SUCCESS
So itrsquos 2013 You have goals
Will you use the same techniques that you did in 2012 Or will you join me and others whom Irsquove worked with in using new tools and renewed energy
What is the action step to begin plan-ning What should you do to help you remain on track
What can you do to make 2013 a differ-ent year for you a year of success
I am looking forward to meeting you and helping you on your way to a suc-cessful 2013
Comment on this article online at httpatlantareiacomp=19035
Achieving Your Goals with PAC cont from p21
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 24
Atlanta Real Estate Investors Alliance bull FEB 2013
How to Quickly Get 10 to 15 Good Rental Properties Paid For Free and Clear By Larry Harbolt
creative Financing is king
Larry Harbolt 727-420-4810LarryHarboltGmailcom
wwwLarryHarboltcom
wwwFacebookcomLarryHarbolt7
wwwTwittercomLarryHarbolt Larry Harbolt is the nationrsquos leading creative Seller Financing expert as well as a popular national real estate speaker and teacher whose time-
tested strategies and nuts and bolts teaching style has helped thousands of aspiring real estate entrepreneurs realize their financial dreams with little or no money and without the need for credit Larry has been successful creatively buying and selling real estate for over 30 years and has written numerous popular articles and real estate courses Larry also has been running a meetup group in St Petersburg FL for real estate investors for over 13 years
We are already in the second month of 2013 and I just had a conversation with one
of my students who wanted to know how to create wealth in the shortest possible pe-riod of time The following is my idea how wealth for any real estate investor can be created in the shortest period of time
Here is an example of how you can quickly achieve financial freedom and then wealth investing in real estate
For instance the first thing you need to do is buy 10 to 15 well selected income pro-ducing properties you are willing to keep long term as your retirement program and the base of your future wealth I personally love the thought of someone else having to go to work every day to earn money they give me in the form of rent each month that pays for my properties without me having to have a job or have to go to work every day Then once you have bought your 10 to 15 keeper rental houses in good neighborhoods with tenants who are pay-ing on time every month letrsquos say $1000 each month of which $520 goes for the monthly loan payment and after monthly expenses of property taxes property insur-ance a maintenance fund and a vacancy fund leaves you from the $1000 gross rent approximately $150 each month to put into your pocket Letrsquos say for each of your keeper rental properties you paid $88000 with very little money down and were able to get seller financing terms for 30 years
Then once you get those 10 to 15 houses free and clear with no debt each month you get to keep the entire $1000 from each house (less taxes and insurance and main-tenance costs) leaving you about $600 to $650 from each house each month Ten houses at $600 each equals $600000 each month paid directly to you to pay your bills Some of you might need 15
houses to achieve your goals If you have 15 houses x $600 net each month will give you $9000 per month income to cover your monthly expenses Once you have that much coming in each month you will have financial freedom but not yet wealth Wealth comes over time Let me show you how to get your properties free and clear in the shortest period of time
Getting Your 10 to 15 Houses Free and Clear In a Short
Period of Time
After you have your base of 10 to 15 houses bought then each year go out and buy an additional 10 to 15 houses The additional 10 to 15 houses you buy each year can be rehabbed and then sold If you were to take all of the profits from the sale of each of the additional 10 to 15 houses (after paying the taxes) and use the money you have left to pay off one or two of the loans on the houses you plan to keep and you did this over and over for a few years your base of rental properties would soon be com-pletely paid for and you would then have enough income coming in each month to be financially free
This is definitely a plausible and possible plan to become financially free in the short-est period of time Once you have done this you will then have more time and money to continue to buy even more houses sim-ply because you will have enough income each month coming in so you donrsquot have to go to a job you hate every day
Once all of your base of income produc-ing properties are completely paid for and are free and clear you will probably truly be a millionaire If you have 15 properties valued at $80000 that are free and clear your net worth will be $80000 X 15 = $1200000 Now you are wealthy
You Must Have a Wealth Building Strategy to Be
Successful
This is how true wealth is created over time People who only wholesale property for a living are not true investors -- they really have a job When a wholesaler buys a property and then passes it on to another person and they get paid a fee that money will be quickly spent and they then have to go out and find another property to whole-sale again so they can get another fee To me thatrsquos a job and I donrsquot want another job I want financial success
If you plan to be a successful real estate in-vestor and create the wealth you want it is going to be very important that you are able to recognize opportunity when it pres-ents itself It took me nearly 25 years to figure this out for myself and that is why I am sharing this information with you now so you can more quickly achieve financial freedom and your eventual wealth
Comment on this article online at httpatlantareiacomp=19032
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
Atlanta Real Estate Investors Alliance bull FEB 2013
Join our Mobile Real Estate Investor VIP ListJust text ATLAnTA to 404-996-1099Standard text message rates apply
Follow us online from your mobile phone at httpAtlantaREIAcom httpFacebookcomAtlantaREIA httpTwittercomAtlantaREIA httpYoutubecomAtlantaREIA httpMeetupcomAtlantaREIA
Want to stay plugged in and connected to Atlanta REIA from
your mobile device
Subscribe to The Profit Newsletter amp Email list at httpSubscribeAtlantaREIAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
For a Limited Time
Wersquore Sharing our Design Firm with our Advertisers
GROW YOUR BUSINESS TODAY placing an ad in The Profit and our design firm River City Consulting will design your ad for FREE Wersquoll also provide you with the digital file to use online and to have printed to use as promotional flyersMinimum 3-month Obligation
When yoursquore ready to get started call Christine Griffin at 678-701-7160 or email adminatlantareiacom
SEE THEIR WORK IN amp ON
AAttllaannttaa RREEIIAA MMeemmbbeerrsshhiipp AApppplliiccaattiioonn Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560
Atlanta REIA Use Only Member ____________ Exp Date ____________ ID Card Printed Sent _________
Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560 rev 1282011
Membership Plans - Choose a Membership Plan
Silver Membership for Individual $100year
Silver Membership for Couple $150year
Gold Membership for Individual $300year
Gold Membership for Couple $300year
Applicant Information - Please print clearly
Applicant 1 Applicant 2
Address
Phone 1 Phone 2
Email 1 Email 2
Sponsor (if applicable)
Payment Information - Please print clearly
Name on Card Total Amount $
Billing Address
Card Type Visa Master Card Discover American Express
Card Number Expiration Date Code
Terms of Sale Disclaimer amp Release The undersigned Applicant(s) hereafter called the Applicant understands and acknowledges that membership in the Atlanta Real Estate Investor Alliance hereafter called Atlanta REIA absolutely does NOT entitle nor make Applicant a legal member of Atlanta REIA LLC the company Applicant acknowledges that Atlanta REIA does not render legal tax economic or investment advice All programs are provided with the understanding that Atlanta REIA is not engaged in rendering legal tax or other professional services If legal tax or other expert assistance is required the services of a competent professional should be sought Atlanta REIA does not investigate its members nor vouch for nor make representation as to the honesty integrity reliability motives andor resources of its members officers directors employees agents and or contractors The Applicant in consideration for hisher acceptance as a member of Atlanta REIA hereby releases discharges and agrees to indemnify Atlanta REIA its officers directors members employees agents andor contractors from any liabilities now accrued or which may hereafter accrue from their actions inactions or communications made by Atlanta REIA andor officers directors members employees agents andor contractors in or through their respective capacities with Atlanta REIA Applicant agrees to comply with the terms and conditions described herein the Code of Ethics and any other terms described on our website at AtlantaREIAcom as well as any other Atlanta REIA rules and regulations Applicant agrees and acknowledges that Atlanta REIA may enforce these codes terms rules and regulations at its sole and absolute discretion and may terminate this membership at any time for any reason whatsoever Applicant grants to Atlanta REIA its representatives and employees the right to take photographs video or audio of Applicant and Applicants property Applicant authorizes Atlanta REIA its assigns and transferees to copyright use and publish the same in print andor electronically Applicant agrees that Atlanta REIA may use such photographs video and audio of Applicant with or without Applicants name and for any lawful purpose including but not limited to publicity illustration advertising and web content Applicant grants permission to Atlanta REIA to contact Applicant regarding membership and related business by phone fax email text message chat programs social networking automated voice broadcast dialers or any other means necessary By completing this application Applicant agrees to give Atlanta REIA permission to bill the credit card above for the membership plan selected above Applicant acknowledges and agrees that the term of membership is one (1) year and that billing for membership will be automatically renewed for one (1) year upon expiration at the then current membership rate and that the appropriate charges be applied to Applicants credit card on file Should Applicant decide to cancel membership a written notice of cancellation must be emailed faxed or sent via postal email to Atlanta REIA at the address email or fax below thirty (30) days prior to the next billing or renewal period Atlanta REIA must acknowledge receipt of this written cancellation notice for it to be valid Membership dues are NON-REFUNDABLE for any reason whatsoever Applicant promises NOT to initiate any refunds or credit card charge backs for these membership dues and related charges at any time Applicant agrees that Atlanta REIA may change the terms of this Agreement or its membership dues at any time by posting such changes to our website at AtlantaREIAcom By continuing membership Applicant agrees to be bound by such changes Applicant will send all written notifications to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 Fax 770-216-1560 Email noticesatlantareiacom With my signature I accept the Terms of Sale Disclaimer amp Release and I authorize Atlanta REIA LLC to charge my credit card for the membership plan above as well as total recurring amount shown I further acknowledge that these membership dues are non-refundable
Applicant 1 (sign) Applicant 2 (sign)
(print) (print)
Date Date
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 27
Atlanta Real Estate Investors Alliance bull FEB 2013
Atlanta REIA Meetings CalendarhttpAtlantaREIAcomMeetings
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
3rd Wednesday of Each MonthLate Nite Networking Buford900 PM ndash Late NiteTilted Kilt 3480 Financial Center Pkwy M1080 Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
3rd Thursday of Each MonthSavannah REIA630 PM ndash 900 PMGallery Espresso234 Bull St Savannah GALeader Aislee Jacksonhttpsavannahreiacom
4th Monday of Each MonthAtlanta REIA West Meeting630 PM ndash 900 PMCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Monday of Each MonthLate Nite Networking Marietta900 PM ndash CloseCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Tuesday of Each MonthNote Buyer Group Meeting630 PM ndash 830 PM Olive Garden 2467 Cobb Parkway SE Smyrna GALeader Tom Boyerhttpnbgatlantareiacom
4th Thursday (Once Per Quarter)Beginning Investors Group Meeting (BIG)630 PM ndash 900 PMChef Robrsquos Caribbean Cafe 5920 Roswell Rd NE A117 Sandy Springs GALeader Alan McDonaldhttpbigatlantareiacom
4th Thursday of Each MonthCash Cows Commercial Group1130 AM ndash 100 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GAhttpcashcowsatlantareiacom
Meets at Various Times Each MonthCash Flow Players Group MeetingTo Be AnnouncedSecrets Factory 2030 Powers Ferry Rd SE 440 Atlanta GALeader Alan McDonaldhttpcashflowatlantareiacom
2nd Wednesday of Each MonthSpanish Investors Networking Group (SING)630 PM ndash 830 PMTaco Depot 4788 Sugarloaf Pkwy 107 Lawrenceville GALeader Michael Vazquezhttpsingatlantareiacom
2nd Wednesday of Each MonthI Love Marketing Group700 PM ndash 900 PMSocial Vinings 3621 Vinings Slope SE Atlanta GALeader Rock Shukoorhttpilmatlantareiacom
2nd Thursday of Each MonthAtlanta REIA South Meeting630 PM ndash 830 PMGiovannarsquos Italian Kitchen 1375 Virginia Ave East Point GALeader Reggie Jackson amp Gordon Cattshttpsouthatlantareiacom
2nd Thursday of Each MonthNorth Georgia REIA700pm - 900pmHilton Garden Inn Cartersville 24 Liberty Drive Cartersville GALeaders Bill amp Kim Cookhttpreioutpostcom
2nd Thursday (Once Per Quarter)Small Business Group (SBG)330 PM ndash 530 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Karen Bershadhttpsbgatlantareiacom
3rd Monday of Each MonthMovers amp Shakers Lunch Meeting1100 AM ndash 130 PM5 Seasons Brewing3655 Old Milton Parkway Alpharetta GALeader Gordon Cattshttpmoversandshakersatlantareiacom
3rd Tuesday of Each MonthGwinnett County Group (The Fish Club)700 PM ndash 900 PMRed Lobster2055 Pleasant Hill Rd Duluth GALeader Aaron McGinnishttpfishclubatlantareiacom
3rd Wednesday of Each MonthAtlanta REIA North Meeting630 PM ndash 830 PM1960 Skylar Hill Dr Suite D Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
February 4th 2013Atlanta REIA Main Meeting530 PM ndash 900 PM Crowne Plaza Ravinia Hotel4355 Ashford Dunwoody Atlanta GA Leader Dustin Griffinhttpmainatlantareiacom
1st Monday of Each MonthLate Nite Networking Dunwoody930 PM ndash Late NiteTilted Kilt 1155-B Mount Vernon Hwy Atlanta GALeader Lee Buddenhttpmainatlantareiacom
1st Monday (Once Per Quarter)Mobile Real Estate Rockstars Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Don DeRosahttprockstarsatlantareiacom
1st Monday (Once Per Quarter) Short Sale amp Foreclosure Group300 PM ndash 530 PMTotal Wine amp More124 Perimeter Center W Atlanta GALeader Bob Masseyhttpssfatlantareiacom
1st Monday (Once Per Quarter)Active Investors Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Gordon Catts
1st Tuesday of Each MonthMountain REIA630 PM ndash 900 PMGolden Corral 2025 Market Place Blvd Cumming GALeader Gordon Cattshttpmountainreiacom
1st Wednesday of Each MonthCreative Deal Structuring Group (CDS)700 PM ndash 900 PMWhitehall Tavern 2391 Peachtree Rd NE Atlanta GALeader Russ Hinerhttpcdsatlantareiacom
Every Thursday (Except Major Holidays)Have amp Wants Meeting130 PM - 330 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Joe Thompsonhttphavesandwantsatlantareiacom
Next Meeting March 28th
Next Game on Sat Feb 9th
Meets Monday Feb 4th
ATLANTA REIA CALENDAR OF EVENTSFEBRUARY 2013
SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
Movers amp Shakers1100am - 130pm
Gwinnett County Group (The Fish Club) 700pm ndash 900pm
I Love Marketing Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pm
Mountain REIA630pm ndash 900pm
Atlanta REIA MAIN MEETING with Bill Cook
530pm ndash 900pmMobile Real Estate Rockstars Group 300-500pm
Creative DealStructuring Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pmAtlanta REIA South Meeting630pm ndash 830pmNorth Georgia REIA700pm - 900pm
NEWSLETTER dESigN PRovidEd by
SNEAK PEEK FOR MARCHMAR 4 ATLANTA REIA MEETING
APR 1 ATLANTA REIA MEETING WITH JAY CONNER
APR 27 FULL DAY WORKSHOP WITH JAY CONNER amp RON LEGRAND
Haves amp Wants Meeting130pm - 330pm
Cash Cows Commercial Group1130am - 100pmHaves amp Wants Meeting130pm - 330pm
Atlanta REIA West Meeting630pm ndash 900pmLate Nite Networking Marietta900 PM ndash Close
Note Buyer Group Meeting 6300pm ndash 830pm
Atlanta REIA North Meeting630pm-830pmLate Nite Networking Buford900pm - Late
Grow Your Wealth With The Financial
Calculator Workshopwith Bill amp Kim Cook
900am - 500pmCartersville GA
Wealth Building Using Self-
Directed IRAswith Dyches Boddiford amp
Pete FortunatoAtlanta GA
- FB
- YT
- MU
- Button 34
- Button 72
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 2
Atlanta Real Estate Investors Alliance bull FEB 2013
Atlanta REIA Main Meeting1st Monday of Each Month at 530 PM at the Crowne Plaza Ravinia in Atlanta
See httpAtlantaREIAcom for details
Business MeMBer spotlight
D S Murphy amp Associates is a full service real estate appraisal firm with over 25 residential and
commercial appraisal associates Their average years of experience are over 15 years The firm is headquartered in At-lanta with offices also in North Carolina and Florida Each DS Murphy associate is an expert in their local area So if you have a property in Cumming yoursquoll be working with an associate who lives and works in South Forsyth County
D Scott Murphy the owner has an SRA designation from the Appraisal In-stitute the most respected designation a residential appraiser can earn and held by less than 1 of appraisers In 2004 he was appointed by then Governor Perdue to the Georgia Real Estate Appraisers Board which regulates 4500+ apprais-ers throughout Georgia D S Murphy amp Associates has appraised over 150000 properties in its 30 years
In 1999 D S Murphy amp Associates opened a real estate school to offer continuing education classes on vari-ous appraisal topics Classes are offered throughout Atlanta and all AREIA members can attend any class at no charge and earn CE credits if they hold real estate sales mortgage loan officer or attorneyrsquos license Classes are posted at wwwdsmurphycom
DS Murphy offers a variety of inves-tor related appraisal products These include as-is appraisals subject-to ap-
praisals rental analysis and an exclusive product a con-sultation appraisals wherein DS Murphy is hired as a personal consultant Over the past five years there have been more changes to the appraisal business than ever Federal regulations have changed the way ap-praisals assigned commu-nication among industry professionals guidelines for choosing comparables and much more As a consultant D S Mur-phy will prepare a detailed and profes-sional unbiased appraisal This appraisal will be useful in setting a proper list price convincing a buyer of the true value of the property outlining potential apprais-al issues or required repairs DS Murphy will also represent the seller through clos-ing There is an epidemic problem with low appraisals If the subsequent bank appraiser comes in below Murphyrsquos ap-praised value they will step in and pre-pare a rebuttal letter to be sent to the lender and fight to save your deal You may reach their office at 678-584-5900 via email at atlantadsmurphycom or on the web at wwwdsmurphycom
Would You Like to Expose Your Business to More Active Real Estate Investors
Do you own a business that could ben-efit from a whole new segment of clients or new customer base You too could
be a Business Member of Atlanta REIA Our Business Memberships are designed to give your enterprise as much exposure as possible to our members guests and followers based on your membership type (Silver or Gold) and your ongoing level of participation within our group The more you participate the more ben-efit your business will receive All we ask is that you participate with our group as much as possible and consider offering our members reasonable discounts for your products and services
Find out today if your business qualifies and if you can benefit from associating with Atlantarsquos most progressive real estate investors Call or email me to-day to receive a free report ldquo20 Ways to Get Your Business Involved with Atlanta REIArdquo
Comment on this article online at httpatlantareiacomp=19010
Atlanta REIA Welcomes DS Murphy amp AssociatesBy Jeff Nix Director of Business Membership
Register Online at httpcalculatoratlantareiacom
Join us for an eye-opening day of Creating Wealth by Understanding the Power of the Financial Calculator
NGaREIA
GRoW YoUR WEALTH WITH THE FInAnCIAL CALCULAToR
A Full Day Workshop presented by Bill amp Kim CookSaturday February 23 2013 from 9am ndash 5pm
At the Hilton Garden Inn Cartersville GAWant to know how to use the financial calculator to help determine whether the deal you are working on is worth pursuing Want to know how to calculate the mortgage payments when a homeowner says ldquoYesrdquo to your offer of ldquoWill you owner financerdquoWant to know how long it will take you to
pay off your credit card balance or how much interest you will have paid on your mortgage ten years from nowWant to learn how wealthy people just keep getting wealthier It isnrsquot a secret They simply understand Money Learning the financial calculator will help you construct safer better more profitable Real Estate Investing Deals
$149personBring a Spouse for 12 price
(thatrsquos ldquoSpouserdquo with a ring)
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 4
Atlanta Real Estate Investors Alliance bull FEB 2013
wwwFacebookcomAtlantaREIAKeep up to date with our latest opportunities by joining us on Facebook
LEGAL DISCLAIMER Atlanta REIA LLC promotes practical knowledge of real estate investment though education discussion and networking The information views and opinions expressed in the publication do not necessarily reflect the views policies and opinions of Atlanta REIA LLC or any of its members and sponsors nor does mention of certain trade names products services individuals or organizations imply endorsement by Atlanta REIA LLC or its members or sponsors The information presented in this publication is made available for informational purposes only and is not to be construed as financial or legal advice which should only be obtained through a competent attorney accountant or other qualified professional advisor Atlanta REIA LLC does not pre-qualify evaluate endorse guarantee or warranty any particular deal service company or person Atlanta REIA LLC recommends you perform your own due diligence and seek appropriate legal accounting or other professional advice before making any investment Atlanta REIA LLC disclaims any and all liability for any actions or inactions taken by readers of this informational material or as a result of communications from or to its officers directors employees contractors partners members sponsors and affiliates
2700 Braselton Hwy Suite 10-183 Dacula GA 30019
P 678-701-7160 bull F 770-216-1560E adminatlantareiacomW httpAtlantaREIAcom
Atlanta REIArsquos mission is to help insure our members real estate success by providing affordable quality real estate investing education frequent fun real estate networking opportunities and ongoing community outreach
programs to help build renovate and repair homes for needy Atlanta families while improving our local community
Dustin GriffinExecutive DirectorP 678-701-7160F 770-216-1560E dustinatlantareiacom
Christine GriffinAssistant DirectorP 678-701-7160F 770-216-1560E chrissyatlantareiacom
Jeff NixDirector of Business MembershipP 678-776-8861E jeffnixgmailcom
Gordon CattsDirector of Programs Leader of Movers amp Shakers Atlanta REIA South amp Mountain REIAP 404-454-3567E cattsgryahoocom
Alan McDonaldDirector of AVS Leader of the Beginning Investors Group amp Cashflow GroupP 770-369-0446E mcdonaldalan9yahoocom
Joe ThompsonLeader of Haves amp Wants Meeting and Speed Marketing SessionP 770-403-3227 E joethompsonjrhotmailcom
Karen BershadDirector of Membership amp Leader of theSmall Business GroupP 770-356-1234E karensmallbusinessadvisorbiz
Leslie MathisLeader of Atlanta REIA WestP 678-895-1460E lesliemathismentoryahoocom
Reginald JacksonLeader of Atlanta REIA SouthP 404-427-8797E reginald_j_2002yahoocom
Russ HinerLeader of Creative Deal Structuring Group and Mastermind GroupP 404-660-4289E Russrhinercom
Aaron McGinnisLeader of the Gwinnett County GroupP 404-788-3625E aaronmcginniscraftbuiltnet
Steve BrownLeader of Cash Cows Commercial GroupP 770-378-6235 E chase_sb14bellsouthnet
Don DeRosaLeader of Mobile Real Estate Rockstars GroupP 678-410-7352E donderosa5gmailcom
Rock Shukoor Leader of I Love Marketing GroupP 678-938-4776E realratebgmailcom
Michael VazquezLeader of Spanish Investors Networking GroupP 678-951-9222E michaelpvazquezgmailcom
Bob MasseyLeader of Short Sale amp Foreclosure GroupP 706-816-9820E bobfoundationpublishingllccom
Mark GaleyPresident of Fuller Center of AtlantaP 404-867-3258E markmagnetconstructioncom
Aislee JacksonDirector of Savannah REIAP 912-695-0665E aisleeaisleecom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 4
Main Monthly Meeting
MEETInG AGEnDA300 pm Meeting Before the
Meeting with Don DeRosa
500 pm Vendor amp Event Setup
530 pm Vendor Trade Show amp Networking
615 pm Announcements + Haves amp Wants Speed Marketing Session
715 pm Networking Break
730 pm ldquoEarning Mailbox Moneyrdquo with Bill Cook
930 pm Late Nite Networking at the Tilted Kilt Perimeter
Please Note Meeting agenda is subject to change
ldquoEarning Mail Box Moneyrdquo with Bill CookAtlanta REIA is very excited to announce that local real estate investing expert and leader of North Georgia REIA Bill Cook will be speaking at our Atlanta REIA Main Meeting on February 4th at the Crowne Plaza Ravinia in Atlanta which starts at 530 PM
Bill Cook and his wife Kim have been investing in real estate in Georgia for over 18 years They own a fair number of single-family rental homes they flip houses plus they do a lot of note and option deals But the one unique thing they do that gives them the highest yields on their investment dollars and jam packs their mailbox with money is their mobile home investmentshellip thatrsquos right they buy ugly used trailers
For example they buy a used mobile home in a mobile home park for around $3000 do a quick clean up and fix up then sell it for $9000 with $500 down at 18 interest with payments of around $275 per month for around 4 years The results of this simple deal are eye-popping They quickly turn $3000 into $12000 while getting a yield of around 100 Try matching these results with ANY other type of real estate investing vehicle And herersquos the best part you donrsquot need a lot of money and there is very little competition
Join us at our February meeting if you want to see real-world examples - including pictures and paperwork - of what Bill and Kim do to earn their mailbox money and how they do it There is no fluffhellip it will be all meat and potatoes
At Februaryrsquos meeting Bill will be answering the following questions
bull Why do Lonnie Deals
bull What is a Lonnie Deal and how does it work
bull How do you find the right mobile homes to buy
bull Which mobile home deals should you avoid
bull How to work with park owners
bull How to find sellers
bull How to buy a ldquotrailerrdquo
bull How to sell a ldquomobile homerdquo
bull What to do if the buyer doesnrsquot pay you
bull When is the best time to do Lonnie Deals
bull Examples of real deals that Bill and Kim have done
bull And much more
Come spend the evening with Bill on February 4th and let him teach you how to earn all the mailbox money you can handle in 2013
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 5
Atlanta REIA Main Monthly Meeting
February 4th
Valid Until
112015
Member No
1234
Your NameGold Business Member
Crowne Plaza Ravinia Hotel4355 Ashford Dunwoody
Atlanta GA
Atlanta REIA Members can attend for FREE non-Members amp Guests Can RSVP online at
httpRSVPAtlantaREIAcom for $15 or Pay $20 at the Door
Bill Cook
Bring your biz cards amp flyers
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 6
Atlanta Real Estate Investors Alliance bull FEB 2013
Fast track to selF-DirecteD ira investing
Blue Collar Genius DefinedA Blue Collar Genius is all of us who have mastered our craft with hard work diligence taking action creating experience making mistakes and most importantly never giving up
Thatrsquos a blue collar genius by my definition How many times have you said Irsquom smarter than he is but hersquos driving the big Cadillac and yoursquore driving the little economy car How could that guy ever make any money
Perspiration Inspiration and Blue Collar GeniusrsquoThomas Edison said ldquoGenius is 90 perspiration and 10 inspirationrdquo
The Top Real Estate IRA Investors Know Lack of Knowledge = FearHow many people do you know that have been to every seminar they know more about real estate IRA investing than anybody yoursquove ever talked to and when you ask them ldquohow many deals have you donerdquo they say ldquoWell Irsquom still working on my first dealrdquo You ask ldquoHow long have you been a member of the grouprdquo Yoursquore not shocked when they respond ldquoAbout eight or nine years but Irsquom lookingrdquo
Knowledge is wonderful but you have to actually use it
Mistakes the Top Real Estate IRA Investors Avoid1 You listen to the wrong people
starting with your family and close friends Familiarity breeds contempt or lack of faith Your family or friends have a different perception of you because they fail to see you for what you have become and remember you from your past
2 Believing or setting limitations
3 Accepting the status quo
4 A lack of awareness of a subject you want to master
5 Lack of exposure Learn what you do not know
6 Not enough research training andor education
7 Accepting the first answer Learn to ask questions to the fifth level
Top Real Estate IRA Investors Ask Questions to the Fifth Level1 What is your business relationship
Do you own property and businesses together
2 Are you married to your cousin
3 Have you adopted your cousin You cannot do loans to your children your wife or your cousin I said that on purpose by the way
4 Is the cousin married to your son or daughter
5 Is your cousin your guardian of an IRA beneficiary
6 Is your cousin an attorney CPA or financial planner who provides services to your self-directed IRA and has or does receive compensation
If a realtor says itrsquos a great area go out there at 600 am and find out Check the crime statistics Now yoursquore moving forward You will be a blue collar genius Itrsquos simple when you know more than other folks you have an edge and are an expert
If you followed my point here then you know that the questions I showed here had nothing to do with lsquocousinsrsquo but rather were to illustrate my point that you should not accept the final verdict until you are comfortable Once you get the answers three or four times with consistency then you can assume that itrsquos probably correct How many times have you gone to an attorney and one attorney says one thing and another attorney says something else One CPA says one thing and another CPA says something else
How are you going to make an informed decision until you can get a consensus Someday you just have to sit down and say ldquoItrsquos a business decision and Irsquom going to make itrdquo
For more information or to explore your options call American IRA today at 866-7500-IRA (472) We look forward to working with you
Comment on this article online at httpatlantareiacomp=19005
Learn How to Be a Blue Collar GeniusJim Hitt CEO of American IRA LLC
Jim Hitt800-750-0472JimHittAmericanIRAcom
wwwAmericanIRAcom
wwwFacebookcomAmericanIRA
wwwTwittercomIRAExpert
Jim Hitt is the Chief Executive Officer of American IRA LLC and has been committed to all aspects of investing for more
than 30 years using selfdirected IRAs for his own investments since 1982 Jimrsquos forte is the financing and acquisition of real estate private offerings mortgage lending businesses joint ventures partnerships and limited liability companies using creative techniques
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 7
Atlanta Real Estate Investors Alliance bull FEB 2013
Atlanta REIA Member Benefits
bull AtlantaREIAcom Website Blog and Member Only Area
bull Affordable High Quality Educational Workshops amp Seminars
bull Fun Frequent Networking Opportunities
bull Weekly Special Interest Groups Meet Around Town
bull Lunch amp Learn Subgroup Meetings
bull Wine amp Dine Subgroup Dinner Meetings
bull Atlanta REIA Main Monthly Meeting amp Vendor Tradeshow
bull Learn From Home on Our Monthly Webcast Series
bull Members Can Watch Webcast Replays 247365 on AtlantaREIAcom
bull Atlanta REIA Subchapter Meetings
bull Community Outreach Programs
bull Haves amp Wants Speed Marketing Session and Weekly Meeting
bull Monthly Atlanta REIA ldquoThe Profitrdquo Interactive eNewsletter
bull Weekly Atlanta REIA Email Announcements Articles amp News
bull Volunteer Opportunities
bull Member Discounts on Workshops
bull Member Discounts from Local amp National Vendors
bull And much much more
Atlanta REIA Member Discounts
bull Lowersquos ndash Save up to 7 to22
bull Sherwin Williams Paint ndash Save 30 to 40
bull Sherwin William Flooring ndash Save on Carpet Vinyl Delivery and Installation
bull Sears Commercial ndash Save 4-15 on all Appliances
bull Nu-Set ndash Save on Locksets door hardware security amp lock boxes
bull Build-A-Sign ndash Save 15 on Signs Banners and Magnetics and other products and get Free Delivery on all orders
bull And much much more
Join Atlanta REIA TodayhttpAtlantaREIAcomMembershipBecome a Member of Atlanta REIA for as little as $100year Businesses can join for as little as $150year See our Membership Application in this issue of The Profit or visit
httpAtlantaREIAcomMembership
real estate raW
Have you ever thought about get-ting into the multifamily busi-ness Itrsquos not easy and itrsquos not
for everyone but if you have what it takes I can show you how I created Real Estate Raw to pull back the curtain on the com-mercial multifamily business I have sur-vived the down turn of the economy and quite frankly I donrsquot want to go through that again Do you
How many real estate seminars have you sat through to only find that it was one big SALES PITCH Starting a business armed only with sales pitches is never a good thing In this 5 part series I will be teaching you the ldquoreal siderdquo of the real estate business
Notice I keep saying real estate ldquobusinessrdquo That is one of the first lessons that most people get wrong when starting out in real estate Let me clarify this for you
An investor is someone who is sitting around with cash that they need to get a return on If you have all the cash you need to buy real estate withhellipthen you are an investor If you are trying to create wealth in real estate (not spend it) then you will need to raise money and possibly qualify for some loanshellipyou are not an investor you are a real estate entrepreneur
I make this distinction because most people get started in the real estate business with the wrong mindset and that leads to early frustration If you are not already wealthy and looking to put cash into a property for a return then as an entrepreneur you will be building a real estate business
Now that we have that clear you need to be prepared for all that being an entrepre-neur includes This will mean hard work work that you wonrsquot always get paid for You will need to create about 10-15 hours a week to begin with Keep in mind that the majority of this time will need to be
between 9am-5pm Monday through Fri-day This is when all the agents brokers and most sellers are available and you will need to be too
I understand that this may seem like a lot of time to someone who has a family and a job and you may not have a ton of time dur-ing the work week to dedicate to your new business Find it The one thing I tell my students is ldquothe closing table doesnrsquot carehellipyou get there or you donrsquotrdquo The world is full of people who wanted to be success-fulhellip but just couldnrsquot make it That is real estate and this is Real Estate Raw
The one thing I promise you is the truth and that I will keep it REAL
In the next 4 sections I will be teaching you what to fill those 15 hours a week with such as how to get deals funded with creative financing making creative offers and creating wealth by solving real estate problems
Comment on this article online at httpatlantareiacomp=19044
Getting Started in MultifamilyPart 1 of a 5 Part SeriesBill Ham
Bill Ham478-718-0993BillPhoenixResGroupcom
wwwLinkedIncomInBillHam1
Bill Ham has been in real estate for 8 years and has created a portfolio of nearly 400 units in Macon GA using creative and seller financing
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 8
Atlanta Real Estate Investors Alliance bull FEB 2013
I n my last article I explained that there are two approaches investors can take to determine whether or
not a lender has been negligent or com-mitted fraud The first approach I de-scribed is to look through the paper trail to dig up issues The second approach is to follow the money
Not many people truly understand how the mortgage and finance industries work Itrsquos basically a shell game with them mov-ing money around with little regard as to the laws and regulations that govern how banks are supposed to act
They play this constant game all suppos-edly in the name of increasing the money supply Attorney Neil Garfield describes the process as the bank starting out with $100 in the left pocket and taking $10 out to deposit in the right pocket but still re-porting to the SEC and investors that the full $100 is still in the left pocket When the next $10 comes out described as trad-ing profits or a fee the amount in the left pocket is still reported as $100 rather than the $80 that is actually there
This is just an example of how the fi-nancial transactions that represent the mortgaging of a home rarely take place the way the homeowner or the lenderrsquos investors think To really know what is taking place investigators must follow the money as well as the paper trail The note mortgage HUD-1 and other docu-mentation connected with any given loan most likely do not reflect what actually happened to the funds As a result some argue that these documents are null and void The name of the real funder of the transaction rarely appears on these docu-ments The financial transaction occurred
with different terms and with a different party than are included on the note and other closing documents The instruc-tions to the closing agent generally come from a stranger to the transaction with instructions that any excess payment be refunded to that stranger
If the loan originator were the real payee then any wiring instructions should include terms such as ldquofor the benefit of [the name of that payee]rdquo That rarely happens The source of funds should also be included in the pooling and servicing agreement given to the investors of the mortgage-backed security pool That never happens either There is never any reference between the money chain that is represented by the wiring instructions and the documentation chain represented by the note mortgage and HUD-1
According to Garfield ldquoIt was this split between the money trail and the docu-ment trail that enabled the banks to create a long term gap during which they could trade lsquoownershiprsquo of the loan before mak-ing any attempt to deliver the loan to the investors who had advanced the fundsrdquo
To make matters even more confused the pretender lenders hedged insurance policies called credit default swaps against the potential loss of mortgage income due to default What they failed to reveal to investors was that the investment banks themselves were the ones being protected not the original investors who all had com-mingled funds in undifferentiated pools
The mortgage losses on the books of the banks also caused these same banks to get huge federal bailouts even though they had already been paid off for their losses
through credit default swaps
By following the money investigators can spot one falsehood after another showing how the investment banks cov-ered their assets while leaving distressed homeowners and the original investors to hang out to dry
Combining the method of following the money with digging up the paper trail be-hind a mortgage we now have a way to force the banks to negotiate on our terms Not only are we able to use this informa-tion to help underwater homeowners get out from under their homes with no short sale no deficiency and no coming out of pocket but we are able to pick up pretty houses at incredibly low prices
For more information on how you can get involved in helping underwater homeown-ers while doing some awesome deals give my office a call at 706-485-0162
Comment on this article online at httpatlantareiacomp=19049
Proving Lender Negligence and Fraud Part 2 Follow the Money By Bob Massey
Bob Massey706-485-0162infoREWealthCoachcom
wwwREWealthCoachcom
wwwFacebookcomBobMasseyOfficial
Bob Massey is a recovering corporate executive who is now living the dream running his own real successful estate investing business and
teaching others how to do the same In the process he has become the nationrsquos leading educator on the foreclosure investing the foreclosure process
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 9
Atlanta Real Estate Investors Alliance bull FEB 2013
Yoursquore driving your Uncle Bugsy to the doctor when you spot a ldquofor sale by ownerrdquo sign in
front of a nice little brick house Yoursquore already running late but yoursquove been watching this house ndash itrsquos got a big blue tarp draped over the roof ndash for a couple of months now Yoursquove got no pen and paper and you wonrsquot have time to stop later Sure you can snap a picture with your cellphone but yoursquod really like to take some notes too
Unfortunately Uncle Bugsy isnrsquot known for his patience so yoursquore only going to have about a minute before he starts com-plaining about how inconsiderate kids are nowadays
What should you do
If you have an iPad the solution is a great little app called CaptureNotes Capture-Notes might look like just another note-taking application but itrsquos not Yes it lets you do all the usual note-taking things create notes choose the type of paper and ink color and doodle and scribble on a touch screen So far itrsquos pretty ordinary
But there are three other things Capture-Notes does that make it really useful for us asreal estate investors
First it has some pretty sophisticated bells and whistles You can add photographs andrecord audio while yoursquore taking notes
(say in a seminar or while yoursquore inspect-ing a house) And then you can draw or write on the picture The app also uses searchable customizable color-coded flags as reminders (red for ldquoto dordquo for example or green for ldquoresearch neededrdquo) Those flags can even be used to tag a specific mo-ment in the audio
Second it allows you to import PDF files and use them as templates This is a great way to create standardized forms for spe-cific uses As an investor I find that this kind of streamlining is a big part of my success ndash it allows me to spend more time on buying and selling properties which is where the money is
Finally CaptureNotes provides a pretty painless way to back up your new files simply by uploading them to Dropbox or iTunes
Let me say something here about backing up your files If you arenrsquot already back-ing up please start Irsquove learned the hard way that itrsquos not a matter of IF your com-puter is going to crash Itrsquos a matter of WHEN And itrsquos a pretty safe bet that itrsquoll go dead at the worst possible time Please back it up
So picture it with the clock ticking (Un-cle Bugsy is waiting after all) you start a new notebook Then you jump out of the car and take pictures of the FSBO sign and various shots of the house Now add
those pictures to your note and then circle things on the picture of the house that might be problematic Go crazy and draw lots of arrows and circles Then flag some-thing just for the heck of it Between the flags and the ability to write and highlight in different colors yoursquoll have an exciting dynamic note thatrsquos definitely useful and darned near artistic
And thatrsquos a beautiful thing
Comment on this article online at httpatlantareiacomp=18998
Don DeRosainfoDonDeRosacom
wwwMobileRealEstateRockstarcomAtlanta-REIA
wwwFacebookcomDonDeRosa
wwwTwittercomDonDeRosa
Don DeRosa was recognized as one of the nationrsquos top 21 real estate investors in the New York Times bestseller The Millionaire Real Estate
Investor Don who is a full-time investor trainer and mentor is the first to offer his complete investing system on a mobile platform Don teaches investors how to Make More and Work Less by being more efficient productive and competitive leveraging mobile technology and apps on the iPad iPhone Android and other mobile devices
therersquos an app For that
CaptureNotes Your Life Color-Coded By Don DeRosa
ldquoIrsquom known for my handwritten notesrdquo ~ Pamela Anderson
wwwYouTubecomAtlantaREIA
Keep up to date with our latest videos by subscribing to our YouTube Channel
Attend Donrsquos Mobile Real Estate Rockstars Group on Feb 4th at 3PM
wwwTwittercomAtlantaREIAKeep up to date with our latest opportunities by joining us on Twitter
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 10
Atlanta Real Estate Investors Alliance bull FEB 2013
Marketing Magic tricks
By remembering just a few basics you as a Real Estate Investor can quickly determine whether or not
a seller is motivated to sell their prop-erty First of all a motivated seller will ask questions like ldquohow soon can you buy my houserdquo or ldquoHow can you help me get out of this situationrdquo or ldquoHow soon can you get hererdquo An experienced Real Estate Investor knows these are re-ally good questions for a seller to ask
There are two types of houses we are go-ing to buy either pretty houses or ugly houses and there are motivated sellers in both of these categories When you are marketing to sellers there are certain types of sellers who are much more likely to have a house they need to sell
For example I personally like working with out of state owners (folks who own a property where you live but donrsquot live there full time) heirs divorces vacant houses estate and probate properties military transfers and pre-foreclosures These sellers are much more likely to have a house they need to sell ldquoright nowrdquo and thatrsquos the kind of seller you want to work with As a Real Estate In-vestor you may also run into landlords who are fed up with tenants ruining their properties over and over These are all good sources of motivated sellers Most of these sellers are folks who donrsquot live in these properties
Okay so how are you the Real Estate Investor going to identify a motivated
seller First of all donrsquot be afraid to ask questions This is a basic truth in the real estate investing business The more will-ing a seller is to answer whatever ques-tions you ask the more motivated they are Never be afraid to ask ldquoIs that the least you would takerdquo You might be re-ally surprised at the answer to this ques-tion especially if you are dealing with a motivated seller
For example I recently worked with a seller who was asking $205000 for a property in good condition worth $275000 This seller was already mo-tivated but I ended up paying only $180000 for this property simply be-cause she asked if they would accept a lower price So be willing to ask ques-tions and know that the more willing a seller is to answer them the better deal you will make This is going to be very crucial to the success of your real estate investing business and the amount of profit you make on your deals
Another basic truth is that the more equity there is in a property the bet-ter a deal you are likely to make espe-cially if the house needs repairs Usually if there is a lot of equity and the sellers have owned the home for a long time or if they have just inherited it the more likely they are to let you have a large chunk of that equity for your profit
If there is very little equity in the prop-erty you are much less likely to be able to create a good deal unless the property
owner is simply willing to deed you the property for the balance of the mortgage and walk away As a seasoned Real Es-tate Investor I can personally tell you this absolutely happens So donrsquot be afraid to ask the question ldquoAre you will-ing to sell for what you owerdquo If they say yes you are dealing with a motivated seller who is likely to deed you the prop-erty for the balance of their mortgage which not only will lead to a good profit
Pre-Screening Sellers For Your Real Estate Investing Business ndash Part 2By Kathy Kennebrook The Marketing Magic Lady
Domain Names for just
$199
for first year with new non-domain purchase
httpSuperSmartDomainscombull Domain Names
bull Web amp Wordpress Hostingbull Email amp Exchange Accounts
bull SSL Certificatesbull Marketing Toolsbull and much more
Certain terms and conditions do apply See website for details
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 11
Atlanta Real Estate Investors Alliance bull FEB 2013
+ Voicemail+ Virtual Faxing
+ 24-7 Live Operators+ Online Management
Only
$30per month
Be sure to ask for the REIA discount
Or visit us on the web at
QualityAnsweringServicecomAtlantaREIA
877-774-1717
LIVE ANSWERING SERVICE
30MINUTES
Join us for Education amp networking at the Meeting-Before-the-Meeting each monthWe meet at the Total Wine amp More located at 124 Perimeter Center W
in Atlanta at 300pm before our Atlanta REIA Main Meeting
PERIMETER
wwwYouTubecomAtlantaREIA
Keep up to date with our latest videos by subscribing to our
YouTube Channel
for you but you donrsquot have to worry about where the money is coming from to fund your deal
Another truth is that the uglier the house the more motivated the seller is likely to be If you arenrsquot getting your offers accepted on ugly houses that you can quickly wholesale you arenrsquot target-ing the right kind of junker properties Ask any Real Estate Investor who has been in the business for awhile and they will tell you there is a fortune to be made in ugly houses The more difficult it is to find this type of seller the better deal you are going to make
Another situation that arises fairly often in todayrsquos market and creates motivated sellers is a simple one for you to spot If a seller is behind on payments this is definitely going to be a motivated seller If a motivated seller is behind on pay-ments and they have a lot of equity this is an opportunity for you to make a re-ally good deal You as a Real Estate In-vestor just have to learn to use a script to ask the right questions to determine if a seller is motivated and what kind of deal you are going to make with them Itrsquos not magic it just takes a little nego-tiation and a few questions to pre-screen sellers and create some really good deals
Just remember this the seller is either in or they are out donrsquot waste your time chasing dead deals If you follow this simple rule you will make a lot of mon-ey in your real estate investing business
For more information on pre-screening sellers locating motivated sellers and buyers and exit strategies visit Kathy Kennebrookrsquos website at wwwmarket-ingmagicladycom
Comment on this article online at httpatlantareiacomp=19027
Kathy Kennebrook941-792-5390KPaddlerATTnet
wwwMarketingMagicLadycom
wwwFacebookcomKathyKennebrook
Kathy Kennebrook is a speaker author and has been actively investing in real estate since 1999 Kathy currently resides in Bradenton FL and is known as the Marketing
Magic Lady because she is the countryrsquos leading real estate marketing expert on finding motivated sellers using direct mail
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 12
Atlanta Real Estate Investors Alliance bull FEB 2013
housing Second therersquos not much competition Folks wanting to buy a trailer are forced to pay all cash ndash cash they donrsquot have ndash because banks wonrsquot lend on used mobile homes in a park At the same time very few sellers offer owner financing If you buy for cash and then sell on time yoursquore offering a very unique ndash and profitable ndash service Third every month you receive mailbox money that is taxed as portfolio income ndash which means these earnings arenrsquot getting hit with Social Security or Medicare Taxes
There are also a couple of disadvantages First you must remember that park owners are all-powerful Donrsquot do a deal in a park unless you and the park owner have a clear meeting of the minds Second some of the buyers you work with can be pretty interesting Itrsquos shocking how many are 100 healthy but still get monthly disability checks These are your tax dollars at work folks
A few weeks back I partnered with my buddy Houston Long on my most recent Lonnie Deal He is a long-time
friend and fellow investor I put up the deal and the purchase money Houston agreed to be responsible for the rehab marketing and selling After Irsquove been repaid my purchase money we will split all profits 50-50
The trailer is a nice three-bedroom two-bath doublewide in a park in Acworth Georgia The seller was asking $12000 She agreed to our $5500 offer that included the following purchase terms Wersquod give her $3000 cash down if shersquod accept an unsecured note for the $2500 balance with payments of $100 per month at 0 interest for 25 months
A few weeks later Houston sold this home with owner financing for $17500 with the following sale terms $2000 down payments of $250 per month at 14 interest for 114 months
Including our expenses (about $2000) our yield on this deal was 39 When it came time to make our first $100 monthly payment to the seller we offered her $895 cash in exchange for our $2500 note She quickly accepted our offer Shorting our note from $2500
down to $895 lowered our purchase price from $5500 down to $3895 and increased our yield from 39 up to 5038
Over the years Kim and I have done a wide variety of creative deal structures Our favorite ndash and it happens to offer the highest yields ndash is Lonnie Deals
Comment on this article online at httpatlantareiacomp=19069
continued from page 1
Bill Cook 727-420-4810BillCook2009Gmailcom
wwwREIOutpostcom
Bill Cook is a full-time real estate investor speaker and author He specializes in single-family homes and mobile home parks Bill believes
that real estate investing especially the act of buying and holding rental property is the surest way to financial independence and wealth Bill and his wife Kim run North Georgia REIA where
they teach others how to successfully invest in real estate
Place Your Advertisement Here and Get Noticed
Sign up now and get your ad created by our design specialists for FREEThis introductory special is available for a limited time onlyIf you are ready to get started see our Advertising Rates in this issueThen call Christine Griffin at 678-701-7160 or email adminatlantareiacom
Mutiple Sizes Available
Buy a home like this at a (Actual Property Inventory May Vary)
Step-By-Step Real Estate SuccessAs Atlantas First Full Service Wholesaler We Can1 Find you the deal 65 of the after repair value (includes purchase
price and repairs)2 Provide a certified appraisal to validate value3 Finance the purchase price and repairs4 Have access to our in house contractors to complete repairs for you5 Use our selling agents to sell your beautiful renovated home6 Use our leasing agents if you prefer to buy and hold7 We have just taken all risk out of the deal for you
Goldmine PropertiesWhere Integrity amp Character Matter
WHoLESALE REAL ESTATE 65 LTV
Purchase Price amp Repairs are 65 of Certified After Repair Appraisal
Financing Available
SInCE 1996 WE HAVE WHoLESALED oVER 1700 PRoPERTIES
REnTAL PRoPERTIES 12-18 RoI with 35 Equity
THIS IS AS GooD AS IT GETS The most difficult and important aspect ofReal Estate Investing is finding the deal
ldquoTHIS IS OUR SPECIALTYrdquo
MIKE CHERWENKAmcherwenkaaolcom H wwwgoldminepropertiesnet
(Loan to Value)
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 14
Atlanta Real Estate Investors Alliance bull FEB 2013
PRAdO
Join us at the
Haves amp Wants MeetingEvery Thursday at 130pm 5 Seasons Brewing located at
5600 Roswell Rd in Sandy Springs at the Prado
Short Sales Are SailingBy Kimberlee Frank
Many Investors and Realtors avoid short sales like the plague They are definitely
missing the boat My business special-izes primarily in short sales and I have seen an increase in the number of ap-provals we are getting The time line for a short sale varies from 90 to 120 days if you submit the lender a ldquocompleterdquo short sale package Since short sales are dominating the market the Lenders are creating more streamlined processes to conduct smoother short sales If you do short sales then I am quite sure you have heard of the online system called ldquoEqua-torrdquo Equator allows all of the short sale paperwork to be processed electronically through one common venue versus tra-ditional and random faxes and emails Having a file processed online avoids the common objection from the short sale lender of ldquoWe didnrsquot receive the docu-mentsrdquo Effective January 1 2013 the newest lender that has started to use Equator is Chase The following lenders and servicers are presently using Equa-tor 1) Bank of America 2) Chase 3) Wells Fargo 4) GMAC 5) Nationstar 6) ASC 7) Carrington Mortgage and 8) Homeward Residential Services
The Equator System assigns applicable tasks to each party (Agent Negotiator Closer etc) including a deadline in which to complete each task I like the fact that the lenders can no longer say ldquoOh we never got that paperworkrdquo However I
donrsquot like the fact that they are tracking our information Nationstar has taken the collection of Buyerrsquos information to a whole new level They require all Buyers to fill out a loan application even though they most likely will not be using Nation-star as a lender This application has been mandatory and this has not been waived on any of my files If you are a Buyer on any property you are required to provide your name address telephone number DOB SS assets employment history and more This is regardless if you are purchasing for investment or personal use and if you are getting a mortgage or pay-ing cash
I believe that the lenders are collecting data against all Buyers and will soon share with each other how many deals each Buyer has purchased I had one student inform me that once he purchased over 10 properties from Bank of America he was no longer allowed to purchase any more in his name his wifersquos name or company name Therefore in the future when all lenders work as a team they will share all of this information and limit the amount of deals that an Investor can purchase Wells Fargo started using a system called Core-Logic approximately 2 years ago which al-lows them to simultaneously check to see who was applying for a mortgage at the same time they were conducting a short sale This caused Investors a hardship
even though they fully disclosed to Wells Fargo their intention to buy resell andor fix the property if they used my paper-work Many short sales were not approved at that time and many Investors had no idea WHY Some of the lenders frown on the fact that Investors are purchasing the property and would rather sell the house to a homeowner
You would think that the lenders since they are funded by Investors would un-derstand how we Investors work We donrsquot buy properties at full value as we are not going to live in the home This is a business and we canrsquot make the Sellerrsquos problem our problem by paying full value It is the Investors like us that are helping the lenders get money and not go under
Now is the time to purchase short sales and if you havenrsquot started you have 10 years to ride the wave so do it now Align yourself with a good Mentor and take flight just like many Investors around the world
Happy Sailing
Comment on this article online at httpatlantareiacomp=19030
Foreclosures gone WilD
Kimberlee Frank 407-888-3255KimberleeForeclosuresGoneWildcom
wwwForeclosuresGoneWildcom
wwwFacebookcomForeclosuresGoneWild
wwwLinkedincominKimberleeFrank
wwwTwittercomKimberleeFrank
Kimberlee Frank is a Master Negotiator who has closed over 600 deals since 1998 She is a Mentor Trainer Author and Real Estate Broker teaching Investors
and Realtors how to creatively purchase and sell short sales with her Step-by-Step System She has helped Investors and Realtors earn hundreds of thousands of dollars
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 15
Atlanta Real Estate Investors Alliance bull FEB 2013
Karen Bershad(770) 356-1234KarenSmallBusinessAdvisorbiz
wwwSmallBusinessAdvisorbiz
Karen Bershad is ldquoThe Small Business Advisorrdquo Most small business owners have a challenge handling all the different areas of
running a business The accounting can be a challenge particularly if the software seems overwhelming The Small Business Advisor is what you may need to get you to the next level of your business We work at your office or provide off site assistance in getting things under control by providing a wide variety of services that are specifically for the small business
How Do I Handle a Refundable Security Deposit in QuickBooksBy Karen Bershad The Small Business Advisor
It is the goal of this column to an-swer questions about QuickBooks and how it is used in the REI arena
Know how to record transactions in the proper way and have your set of books in good shape when it comes time for taxes It is our intention to do this by you the members submitting questions to Karensmallbusinessadvisorbiz and getting answers here in this column
Q I am having difficulty reconciling my bank account I have reviewed each entry and have found that several of my deposits do not match the amount the bank has for them How do I see all my detail on each deposit without click-ing on each one to open it
A Go to Reports ndash Banking ndash and look for a report called ldquoDeposit Detailrdquo It will give you line-by-line detail of your deposits in one report and you can com-pare that to what you have in the bank If you make copies of the checks for each deposit and put it with your deposit ticket on each one that will give you a paper back up of what you actually gave the bank This way if the bank made the error then you have details of what you produced to the bank
Q Why do I need to create sub accounts in my chart of accounts
A The Chart of Accounts is the main driver of the program If you have you accounts set up properly your reports ndash Income Statement and Balance Sheet ndash will be reflected properly You may want sub accounts for some of your ex-penses in particular to be able to see where certain money is being spent For instance ndash if you make sub accounts for Auto Expenses ndash Fuel Repairs amp Maint Tags Tolls amp Parking Insurance etc ndash you then can see that the total amount spent in that areas was not just Fuel which is expensive but you had a major repair done and therefore your compari-son to last year for the same time makes more sense
Q I received a ldquoRefundable Security Depos-itrdquo from my tenant How do I enter this into QuickBooks
A This is a Liability account that you will need to payout at some later date In your chart of accounts you should have a Liability account set up for Security De-posits Escrow ndash or some name that sets it apart from security deposits you paid that are owed back to you (which is an Asset) In the deposit window instead of showing this as income you should go to this special Liability account and book
it to that account When it is time to pay the tenant the money back less any damages if need be you will write the check out and expense it also to this Li-ability account to clear the money from the account
Comment on this article online at httpatlantareiacomp=19023
the QuickBooks Quickie
When yoursquore ready to get started see our Advertising Rates in this issue and then call Christine Griffin at 678-701-7160 or email adminatlantareiacom
httpatlantareiacomthe-profitadvertising-rates
If yoursquore looking to reach the Real Estate Industry here in the Greater Atlanta Metro Area and throughout Georgia you canrsquot do better than The PROFIT Your ad will reach more than 10000 each month with your message Our production teams are among some of the best designers in the country We make you look GOOD
Advertise Your Business in The Profit
American IRA Wants to be a Value Added Service to You or Your Business
Contact our office for any self-directed IRA questions you have or for a free consultation
1-866-7500-IRA(472) or infoamericaniracom
P We do business the old fashioned way At American IRA we pick up the phone
P We offer personalized service catered to each of our clientsrsquo needs
P We provide educational articles live webinars and many other resources
P We have experienced IRA instructors who are available for speaking engagements
P We provide joint webinars which allows you to high-light your services
P We provide free copies of your webinar in CDDVD format for you to promote your services
P We have a resource page on our website to list your services on (certain restrictions apply)
P We are experienced in investinghellip we understand your investment language
wwwAmericanIRAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 17
Atlanta Real Estate Investors Alliance bull FEB 2013
Business By the Book
Greed In Business = Trouble In The Family By Erven Kimble
The relentless drive to acquire the elusive ldquoAmerican Dreamrdquo is what fuels many business profes-
sionals To many in pursuit of the worldrsquos definition of success means ldquogetting more and morerdquo ldquoclimbing the corporate ladder at all costrdquo or perhaps it means ldquothe end justifies the means no matter whatrdquo This kind of ill-advised pursuit requires that a person disconnect other areas of life that makes significant demands on their time and attention One way to separate these distractions is to departmentalize them
Highly motivated entrepreneur and busi-ness professionals often compartmentalize their professional interests from the rest of their personal lives Many ldquogo-gettersrdquo tend to divide their lives into these differ-ent compartments and make decisions as if they are not interconnected For many their thoughts about church religion matters concerning God and the Bible or even their family have little or nothing to do with their day-to-day business decisions and activities that are required to be suc-cessful They rationalize that these differ-ent compartments neatly and separately co-exist For instance one might
bull Define things as being secular versus spiritual
bull Make clear distinctions between that which is personal as opposed to the professional matters
bull Or draw a big distinction between their family life and their business life
The truth of the matter is that God does not view our lives as being compartmen-talized A Biblical view sees the secular as spiritual and our professional and personal lives co-existing in the same space The
actions and the decisions that we make at the office effects what happens at home Whether a person realizes it or not deci-sions and practices in the work place have a direct impact on what happens back on the home front
The relentless drive to get more and more in the workplace is called ldquoGreedrdquo Greed is flaw that ultimately brings distrust and dishonor to all those involved A person in pursuit of unmerited gain is a continuous source of grief for themselves as well as their families Greed and covetousness leads men and women to habitually want more than their share As a results the progres-sive overflow of greed leads to bribes and the kickbacks Bribes and kickbacks are a perversion of justice a misrepresentation that ultimately breeds distrust and dishon-or to all those that are involved including all family members who bear their name
Those who refuse to be involved in these ungodly practices
will find longevity and prosperity
There is energizing freedom and great gratification in honesty that translates into the idea of establishing a legacy Business-men and businesswomen that strive to operate an honest business not only live well themselves they also leave a proud heritage to their children Conversely the foolish and fraudulent leave an inheritance of misery
ldquoThe good people who live honest lives will be a blessing to their childrenrdquo (Pr 207)(NCV)
A familyrsquos religious passion will produce the familyrsquos long-term qualities In other
words the children of ethical parents are the recipients of the divine favor of God The family traits model behavior that is mimicked by the children and ultimately the advantages or the hazards are experi-enced by the next generation When there are models of godly parents who live out their Christian beliefs the children are challenged to become wise themselves
Thoughts to Ponder
I Have you ever considered your business decisions would directly impact your family
II What legacy are you preparing to leave your children or family
III Have you considered the long term generational effect of your business practices
Comment on this article online at httpatlantareiacomp=19001
God does not view our lives as being compartmentalized
ldquoGreedy people bring trouble to their families but the person who canrsquot be paid to do wrong will liverdquo (Pr 1527)(NCV)
Erven Kimble 404-606-8909ElegantHomesLLCYahoocom
wwwPeopleWhoBuyHousescom
wwwFacebookcomEAKimble Erven Kimble is an accomplished pastor teacher author community leader licensed Christian Counselor and Real Estate entrepreneur Erven is a visionary that has faithfully
served as the Senior Pastor of a local church in Lilburn Georgia for twenty years
The author searched the Book of Proverbs and Psalms and extracted wisdom that reference business and finances to produce the series of articles called Business By The Book The purpose of these articles is to present time tested and proven Biblical principles in a way that is practical relevant and beneficial to the average business person
HOME INSPECTION
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major systems InspectIon$60 per Home amp one page summary report
Great for Rehabs
Investor major systems InspectIon25 of your Fees are credited toward
A Full Home Inspection
Investor InspectIon prIcIng on FUll InspectIons
bull 1st Home regular pricebull each Inspection accrues an additional
5 discount on Inspections 2ndash5bull Inspections 6 and beyond are 25 OFF
REI SPECIALS
bull FRee 90-day Home warranty wItH every complete Home InspectIon
bull FRee recall cHeck on applIcances and mecHanIcal components oF tHe Home wItH FRee Updates For lIFe
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bull reportsprInteDon-sItewIthIntheQUoted tIme - GuARAnteeD
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bull 247 onlIne scHedUlIng and docUment sIgnIng
bull FRee repaIrs re-InspectIon and InspectIon Update
bull FRee consUltIng For lIFe vIa pHone emaIl and skype
bull BOnDeD amp InsuReD wItH errors and omIssIons InsUrance
Visit wwwPetesFriendlyHomeInspectioncom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 19
Atlanta Real Estate Investors Alliance bull FEB 2013
Caution Landlords Accepting Money After Filing An Eviction Impacts Your RightsBy Attorney Jon David W Huffman
Landlords often have mixed emo-tions when their tenants call and offer them money after a dispos-
sessory warrant (an eviction) has been filed On one hand landlords are in the business of collecting rent However they worry how it may affect moving forward with the eviction Accepting a payment after an eviction is filed does af-fect your rights
Residential Landlords
A residential landlord has a duty to ac-cept a payment from a tenant who is in default if and only if the tenant tenders ldquoall rents allegedly owed plus the cost of the [eviction]rdquo1 However the tenant can-not wait until the last moment to do this They must tender the full payment within seven days of the day they were served the eviction paperwork2 There is no need to worry about a tenant doing this perpetu-ally because a landlord is only obligated to accept this type of payment once per year3 Making this payment provides a complete defense to the eviction and upon receipt a landlord should dismiss the eviction
If a residential tenant offers a partial pay-ment however BEWARE A residential landlord who accepts a partial payment from a tenant after an eviction has been filed waives his right to continue with the eviction and admits the continuance of the lease4 In simple terms the eviction fails and the landlord must start the eviction process over if he wishes to evict the ten-
ant It does not matter when the partial payment is made ndash whether one hour after the eviction is filed or five minutes before the eviction trial Thus the landlord must either reject the partial payment or if ac-cepted he must restart the eviction process
Commercial Landlords
Perhaps unsurprisingly the law on ldquonon-residentialrdquo or commercial leases allows more freedom to contract
A commercial tenantrsquos right to tender past due rent and the dispossessory fee can be contractually waived5 Indeed in many commercial real estate leases this right is waived All commercial landlords should have an attorney review their lease to en-sure that they have the right to regain possession of their property upon default without giving a tenant the right to pay the past due rent and dispossessory fees
Following the freedom-to-contract prin-ciple a commercial landlord can accept a partial payment without waiving his rights to evict Under OCGA sect 44-7-52(c) a commercial landlord is free to take a par-tial payment and continue the eviction process unhindered Of course any money received would offset the landlordrsquos dam-ages So commercial landlords cash that check and keep on going
Disclaimer The information contained in this article is for informational purposes only and is not legal advice or a substitute for legal counsel
It does not constitute advertising or solicitation The information in this article may or may not reflect the most current legal developments ac-cordingly this article is not guaranteed to be complete and should not be considered an indi-cation of future results
Comment on this article online at httpatlantareiacomp=19013
1 OCGA sect 44-7-52(a)2 Id 3 Id4 Gay v American Oil Co 115 Ga App 18 153 S E 2d 612 (1967)2 Id3 Id4 Gay v American Oil Co 115 Ga App 18 153 S E 2d 612 (1967)5 Hardwick v 3379 Peachtree 184 Ga App 822 824 363 SE2d 31 (1987)
real estate legal report
Jon David Huffman 404-373-4008 x 304JonDavidPooleLawGroupcom
wwwPooleLawGroupcom
wwwJonDavidHuffmancom
Jon David Huffman is a litigation attorney specializing in real estate disputes business disputes and commercial collections With
more than a decade of experience managing small businesses before attending Emory Law School he brings a business ownerrsquos perspective to the practice of law
wwwMeetUpcomAtlantaREIA
Join us on Meetup and RSVP for the meetings you will be attending
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 20
Atlanta Real Estate Investors Alliance bull FEB 2013
With each New Year comes new ventures More and more often investors have
to expand their investment territories in order to stay active As technology con-tinues to make the world a smaller place many investors are also looking at invest-ing in different states and some in differ-ent countries By doing this the amount of inventory increases dramatically if you make the right contacts At the same time if you work with investors that are open in investing out of state or in different coun-tries you have the ability to sell more
With all this said it is not always as easy as it may sound whether you are the buyer or seller As the buyer you need to make a trip to the new area you are looking to invest in The reason to do this is obviously to learn the market but secondly to make a few key contacts in the area The main contacts you need to make are a few wholesalers real estate agents contractors a title company and property management if you are look-ing for rentals Not only will these contacts help you in their area of specialty but they can also be go-to people for a second opinion on any potential deals In order for this to be a win-win situation you want to use these contactsrsquo services For example if you ask a contractor to verify repair cost on a home you should use himher for that project
The suggestions mentioned above also ap-ply to those looking to sell properties out-side their local area of expertise If you are teaming up with a local in a new area make sure you are working with someone that can answer questions experienced investors will need answered Keep in mind that just because someone tells you a property is a good deal to invest in does not mean it is
You may be marketing a property that you would normally not market Even worse you may end up selling a property that you would not have sold if you knew the market better Investors will typically follow you into another statecountry if you have been part of their success in their local market Investors should do their own due diligence but you should do your own before even marketing that deal otherwise you will lose credibility You may not only lose credibil-ity in the new market but also in your local market You can also lose money that you have out for a due diligence period andor earnest money if you discover that you con-tracted a dud Remember the importance of closing once you have a contract in place
Before venturing into a new market make sure you at least make the contacts men-tioned above Let them know your inten-tions of investing andor selling in their area soon but are currently familiarizing yourself with the market This will prevent them from thinking of you as just another window shopper Remember that if you create a win-win-win situation your success will continue to grow
Comment on this article online at httpatlantareiacomp=19041
FroM contract to closing
New TerritoriesBy Michael Vazquez
Michael Vazquez 678-951-9222MichaelPVazquezGmailcom
Michael Vazquez has been offering properties to real estate investors significantly below market value since 2006 in both Texas and Georgia
Michael is always looking to for more investors to work with
Solutions that help you Make More
Work LessUse your iPad iPhone or other mobile device anywhere tohellip
H Find comps and rental rates
H Sign and send contractsH Plan your entire rehabH and so much more
Check it out noW5 Day Trial for only $1
Make More Work LessGo To
MobileRealEstateRockstarcomAtlanta-REIA
Keep up to date with our latest opportunities by joining us on Twitter at wwwTwittercomAtlantaREIA
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 21
Atlanta Real Estate Investors Alliance bull FEB 2013
Every New Yearrsquos Day people consider what they want to ac-complish in the following year
Well we are now 30 days into 2013 and I am sure that you have reflected on 2012 What resolutions did you follow to success What results have you seen from last yearrsquos work
At the beginning of 2013 I reflected on what I considered success Like many of you I realized that I want to improve my monetary financial relationship and problem-solving skills because these lead us to success What is success in 2013 ACHIEVING MORE OF YOUR GOALS
We all know that success in our busi-ness means learning new tricks tips and techniques We must accumulate knowledge and power We must achieve a superior capacity to think and act effectively through presentations best practices and strong strategies We must have a highly competitive advantage a platinum value But how do we strengthen the skills that we MUST have
The ONLY way to achieve this is through what I call PAC Planning Accountability and Consistency
Planning
Planning means success Planning means that you will be prepared to react logically You will be able to carefully consider the market environment re-lationships and finances Planning sets you up for control of your own success
Because Irsquove been in this business for so long one of the many things I can tell you is an easy way to plan-- measure what you are doing Here is how
bull Graph your numbers once a week
bull Reflect on your graphmdashAre your ef-forts showing success
- If not change your strategy
- If so reflect on what you have done and decide how to do it even better
For example wanting to earn $200000 a year is my goaldesired outcome To do this I will work backwards from the goal to the actual steps and processes needed to allow me to achieve the goals These steps are the action plan
ONLY when we know our goals can we outline the steps to get there Only then can
we follow the steps and make adjustments
Accountability and Consistency
Do you make time for your success or do you need support to be consistently accountable to your goals your plan and yourself
This is where I come in I can coach you with your plan accountability and con-sistency PAC
Irsquod like to share some of my action steps for 2013mdashthese are examples of action steps that as your coach I can help you to create plan and execute As your coach I can help you increase your ex-pertise with goals like these by helping you to use the PAC principles
1 Increase my profitability by using my resources effectively and ef-ficiently Example Limit events tasks and time with people which donrsquot align with my goals or which canrsquot be satisfied
2 Create systems situations and op-portunities to meet and present to qualified customers Goal Meet new customers 20 of the time
3 Focus 100 on my emotional physical and mental focus What can I do
4 Debrief after events to increase my expertise
Consistent effort energy time use of resources and learning will allow me to achieve my goals It will help you toomdashif you apply PAC
With PAC and my assistance you can eliminate sabotaging behaviors and be-
hoW to Be a real estate investor
2013 A Year of Achieving Your Goals with PAC By Russ Hiner
Join us for
LATE nITE nETWoRKInGat the Meeting-After-the-MeetingWe meet at the Tilted Kilt Perimeter located 1155-B Mount Vernon Highway in Atlanta right after our Atlanta REIA Main Meeting
PERIMETERcontinued on page 23
Attend Russrsquos Creative Deal Structuring on Feb 9th at 7PM
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 22
Atlanta Real Estate Investors Alliance bull FEB 2013
Welcome back If you read Part One of this article you know that we covered the
other different types of popular real es-tate deals that most people do and the biggest problems with them these days Then we talked about how advantageous it is to do the new type of deals Whole-saling Pretty Houses
But we still have a few important things to cover so letrsquos pick up where we left offhellip
Once you agree on the deal amp terms with the seller you get all the paperwork signed amp closed at either a title compa-ny or attorneyrsquos office No exceptions Yoursquoll want that legal backup in case the seller conveniently forgets what they agreed to later
So now yoursquove got a deal under contract amp all the paperwork signed What now Simple You get it lsquosoldrsquo as an oppor-tunity to a tenant buyer who 1 Has a decent chunk of money to put down (typically $5000+minimum) and 2 Can afford the existing monthly mort-gage payments
For example letrsquos say you have a house worth $250000 The seller owes $260000 with monthly PITI payments of $1550 amp theyrsquore current The house needs little to no repair amp is in a great neighborhood where people want to live The seller just wants to walk amp realizes
that there is NO money to be made on this deal obviously
So at a glance it looks like this
ARV $250kOWE $260k PAYMENT $1550 PITI
currentREPAIRS $0ASKING $0 Just wants out (for what-
ever reason eg job x-ferloss divorce etc)
So you SELL the house on a Lease Purchase (aka lsquoRent to Ownrsquo) to a tenant buyer who falls in love with the house has at least $5000 to put down as Non-Refundable Option Consideration and can easily af-ford the $1550 monthly payments (plus utilities HOA etc obviously)
You arrange the closing at the title compa-nyattorneyrsquos office (have the tenant buyer pay their fee) and collect your check
hellipAND YOUrsquoRE DONE You are OUT of the deal from this
point forward
So what just happened And why would you WANT to be OUT of the deal after that
Good question Letrsquos recap shall we
You found amp negotiated a deal on a house with little to no equity that no one else would touch You solved the sellerrsquos prob-
lem amp they love you for it You then went amp found a tenant buyer who couldnrsquot buy a house now if their life depended on it (in most cases) and gave them an honest op-portunity to eventually buy this beautiful house in a beautiful neighborhoodhellip even if their credit is terrible
(NOTE The worse their credit is the more you should collect as a downpay-ment )
After that the tenant-buyer should just make the monthly mortgage pay-ments as rent There are a few options on how they can do this 1 Pay directly to the seller 2 Pay directly to the mortgage company 3 Pay to a 3rd-party paymentescrow company I highly suggest doing the 3rd so everyone can be sure the pay-ments are made on time There are several companies that will provide this service for you for a nominal fee ranging from $5 to $50mo Check around for more informa-tion on that
So herersquos the next big question WHY would YOU as the investor want to be DONE with the deal after that Why wouldnrsquot you want to get the deed or stay in the deal
Herersquos the answer You WOULD want to stay in the deal (and maybe get the deed)hellip IF
IF the seller has equity IF the house is go-ing UP in value Or IF the mortgage pay-
The Best Deals To Do in Real Estate in 2013 amp Beyond ndash Part 2By Tony Pearl
pearls oF WisDoM
NGaREIANorth GeorGia reia MoNthly MeetiNG
2nd Thursday of Each Month at 700 PMat the Hilton Garden Inn
Cartersville GA
See httpREIOutpostcom for more information
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 23
Atlanta Real Estate Investors Alliance bull FEB 2013
ments are LOW and the rent is HIGH Those are some great examples of why you WOULD want to remain in the deal
But IF the opposite is true you should simply collect your down payment from the seller amp assign that deal that you just lined up Wait a minute Assign the deal WHO would you assign the deal to
Irsquom smiling as I write this and hopefully you will too as you realize the obvious
You ASSIGN the deal right back to the SELLER of the house Does that make sense
When the house goes back up in value amp the tenant buyer is ready to buy guess what
Theyrsquoll buy directly from the seller And you explain all that to everyone involved in the deal
This Type Of Deal Is Tremendously Advantageous
To You When
bull Houses in that area are still declining in value
bull If the seller simply owes too much
bull Or if you just want an easy-in easy-out type of simple deal to do that still quickly puts thousands of dol-lars in your pocket without any risk or rehab
In the example above you got a check for (at least) $5000 pretty quickly and you donrsquot have to deal with the tenant-buyer or the seller ever again if you donrsquot want to In Out Paid Done Simple
Of course there are some important de-tails in the middle that you should learn If these types of deals make sense to you and you would like to learn more either ask your local REIA leader to get more information for you or drop me a line Irsquod love to help
So there you have it I believe that wholesaling pretty houses is one of the best types of deals you can be doing in 2013 amp beyond Itrsquos quick amp easy and there are plenty of deals like that out there now Best of all therersquos VERY little competition to do this For now
Hopefully your competition wonrsquot read this article
Until Next Time
Tony Pearl
Comment on this article online at httpatlantareiacomp=19037
Tony Pearl202-556-0670TonyTonyPearlcom
wwwTonyPearlcom
wwwFacebookcomTonyPearl
wwwTwittercomTheTonyPearl
wwwYoutubecomTonyPearl
Tony Pearl is an entrepreneur copywriter proud father mentor marketing consultant and talented teacher who resides in the Washington DC area He
has traveled to over 26 countries speaks 4 languages and continues to travel extensively He has been a professional Ballroom and Latin dance instructor competitor and exhibitor for over 19 years As a Real Estate Investor Tony has bought and sold over Ten Million dollars worth of real estate and has been educated by and associates with the best
Russ Hiner 404-660-4289RussRHinercom
wwwRHinercom
wwwFacebookcom1RHiner
Russ has been investing in real estate in Atlanta Georgia since 1981 His company currently controls apartment buildings and single-family properties in Georgia and
other states His focus is on raising private capital through Hedge Equity LLC
Russ invests everyday His knowledge and experience is current in the market He is capitalizing on the needs wants and desires of the customer He has a deep level of experience in building relationships with vendors investors tenants sellers and qualified buyers He has the knowledge to negotiate contracts manage rental properties and make his co-investors wealthy He enjoys taking properties which are virtually destroyed renovating them and creating a better community
come accountable Being accountable will lead to success which will give you the confidence to take responsibility for your greatness Confidence is liberating It leads to increased passion for your work With renewed passion 2013 can be your year of commitment and success With renewed energy you can follow your Plan that will lead you to Consis-tency Accountability and SUCCESS
So itrsquos 2013 You have goals
Will you use the same techniques that you did in 2012 Or will you join me and others whom Irsquove worked with in using new tools and renewed energy
What is the action step to begin plan-ning What should you do to help you remain on track
What can you do to make 2013 a differ-ent year for you a year of success
I am looking forward to meeting you and helping you on your way to a suc-cessful 2013
Comment on this article online at httpatlantareiacomp=19035
Achieving Your Goals with PAC cont from p21
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 24
Atlanta Real Estate Investors Alliance bull FEB 2013
How to Quickly Get 10 to 15 Good Rental Properties Paid For Free and Clear By Larry Harbolt
creative Financing is king
Larry Harbolt 727-420-4810LarryHarboltGmailcom
wwwLarryHarboltcom
wwwFacebookcomLarryHarbolt7
wwwTwittercomLarryHarbolt Larry Harbolt is the nationrsquos leading creative Seller Financing expert as well as a popular national real estate speaker and teacher whose time-
tested strategies and nuts and bolts teaching style has helped thousands of aspiring real estate entrepreneurs realize their financial dreams with little or no money and without the need for credit Larry has been successful creatively buying and selling real estate for over 30 years and has written numerous popular articles and real estate courses Larry also has been running a meetup group in St Petersburg FL for real estate investors for over 13 years
We are already in the second month of 2013 and I just had a conversation with one
of my students who wanted to know how to create wealth in the shortest possible pe-riod of time The following is my idea how wealth for any real estate investor can be created in the shortest period of time
Here is an example of how you can quickly achieve financial freedom and then wealth investing in real estate
For instance the first thing you need to do is buy 10 to 15 well selected income pro-ducing properties you are willing to keep long term as your retirement program and the base of your future wealth I personally love the thought of someone else having to go to work every day to earn money they give me in the form of rent each month that pays for my properties without me having to have a job or have to go to work every day Then once you have bought your 10 to 15 keeper rental houses in good neighborhoods with tenants who are pay-ing on time every month letrsquos say $1000 each month of which $520 goes for the monthly loan payment and after monthly expenses of property taxes property insur-ance a maintenance fund and a vacancy fund leaves you from the $1000 gross rent approximately $150 each month to put into your pocket Letrsquos say for each of your keeper rental properties you paid $88000 with very little money down and were able to get seller financing terms for 30 years
Then once you get those 10 to 15 houses free and clear with no debt each month you get to keep the entire $1000 from each house (less taxes and insurance and main-tenance costs) leaving you about $600 to $650 from each house each month Ten houses at $600 each equals $600000 each month paid directly to you to pay your bills Some of you might need 15
houses to achieve your goals If you have 15 houses x $600 net each month will give you $9000 per month income to cover your monthly expenses Once you have that much coming in each month you will have financial freedom but not yet wealth Wealth comes over time Let me show you how to get your properties free and clear in the shortest period of time
Getting Your 10 to 15 Houses Free and Clear In a Short
Period of Time
After you have your base of 10 to 15 houses bought then each year go out and buy an additional 10 to 15 houses The additional 10 to 15 houses you buy each year can be rehabbed and then sold If you were to take all of the profits from the sale of each of the additional 10 to 15 houses (after paying the taxes) and use the money you have left to pay off one or two of the loans on the houses you plan to keep and you did this over and over for a few years your base of rental properties would soon be com-pletely paid for and you would then have enough income coming in each month to be financially free
This is definitely a plausible and possible plan to become financially free in the short-est period of time Once you have done this you will then have more time and money to continue to buy even more houses sim-ply because you will have enough income each month coming in so you donrsquot have to go to a job you hate every day
Once all of your base of income produc-ing properties are completely paid for and are free and clear you will probably truly be a millionaire If you have 15 properties valued at $80000 that are free and clear your net worth will be $80000 X 15 = $1200000 Now you are wealthy
You Must Have a Wealth Building Strategy to Be
Successful
This is how true wealth is created over time People who only wholesale property for a living are not true investors -- they really have a job When a wholesaler buys a property and then passes it on to another person and they get paid a fee that money will be quickly spent and they then have to go out and find another property to whole-sale again so they can get another fee To me thatrsquos a job and I donrsquot want another job I want financial success
If you plan to be a successful real estate in-vestor and create the wealth you want it is going to be very important that you are able to recognize opportunity when it pres-ents itself It took me nearly 25 years to figure this out for myself and that is why I am sharing this information with you now so you can more quickly achieve financial freedom and your eventual wealth
Comment on this article online at httpatlantareiacomp=19032
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
Atlanta Real Estate Investors Alliance bull FEB 2013
Join our Mobile Real Estate Investor VIP ListJust text ATLAnTA to 404-996-1099Standard text message rates apply
Follow us online from your mobile phone at httpAtlantaREIAcom httpFacebookcomAtlantaREIA httpTwittercomAtlantaREIA httpYoutubecomAtlantaREIA httpMeetupcomAtlantaREIA
Want to stay plugged in and connected to Atlanta REIA from
your mobile device
Subscribe to The Profit Newsletter amp Email list at httpSubscribeAtlantaREIAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
For a Limited Time
Wersquore Sharing our Design Firm with our Advertisers
GROW YOUR BUSINESS TODAY placing an ad in The Profit and our design firm River City Consulting will design your ad for FREE Wersquoll also provide you with the digital file to use online and to have printed to use as promotional flyersMinimum 3-month Obligation
When yoursquore ready to get started call Christine Griffin at 678-701-7160 or email adminatlantareiacom
SEE THEIR WORK IN amp ON
AAttllaannttaa RREEIIAA MMeemmbbeerrsshhiipp AApppplliiccaattiioonn Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560
Atlanta REIA Use Only Member ____________ Exp Date ____________ ID Card Printed Sent _________
Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560 rev 1282011
Membership Plans - Choose a Membership Plan
Silver Membership for Individual $100year
Silver Membership for Couple $150year
Gold Membership for Individual $300year
Gold Membership for Couple $300year
Applicant Information - Please print clearly
Applicant 1 Applicant 2
Address
Phone 1 Phone 2
Email 1 Email 2
Sponsor (if applicable)
Payment Information - Please print clearly
Name on Card Total Amount $
Billing Address
Card Type Visa Master Card Discover American Express
Card Number Expiration Date Code
Terms of Sale Disclaimer amp Release The undersigned Applicant(s) hereafter called the Applicant understands and acknowledges that membership in the Atlanta Real Estate Investor Alliance hereafter called Atlanta REIA absolutely does NOT entitle nor make Applicant a legal member of Atlanta REIA LLC the company Applicant acknowledges that Atlanta REIA does not render legal tax economic or investment advice All programs are provided with the understanding that Atlanta REIA is not engaged in rendering legal tax or other professional services If legal tax or other expert assistance is required the services of a competent professional should be sought Atlanta REIA does not investigate its members nor vouch for nor make representation as to the honesty integrity reliability motives andor resources of its members officers directors employees agents and or contractors The Applicant in consideration for hisher acceptance as a member of Atlanta REIA hereby releases discharges and agrees to indemnify Atlanta REIA its officers directors members employees agents andor contractors from any liabilities now accrued or which may hereafter accrue from their actions inactions or communications made by Atlanta REIA andor officers directors members employees agents andor contractors in or through their respective capacities with Atlanta REIA Applicant agrees to comply with the terms and conditions described herein the Code of Ethics and any other terms described on our website at AtlantaREIAcom as well as any other Atlanta REIA rules and regulations Applicant agrees and acknowledges that Atlanta REIA may enforce these codes terms rules and regulations at its sole and absolute discretion and may terminate this membership at any time for any reason whatsoever Applicant grants to Atlanta REIA its representatives and employees the right to take photographs video or audio of Applicant and Applicants property Applicant authorizes Atlanta REIA its assigns and transferees to copyright use and publish the same in print andor electronically Applicant agrees that Atlanta REIA may use such photographs video and audio of Applicant with or without Applicants name and for any lawful purpose including but not limited to publicity illustration advertising and web content Applicant grants permission to Atlanta REIA to contact Applicant regarding membership and related business by phone fax email text message chat programs social networking automated voice broadcast dialers or any other means necessary By completing this application Applicant agrees to give Atlanta REIA permission to bill the credit card above for the membership plan selected above Applicant acknowledges and agrees that the term of membership is one (1) year and that billing for membership will be automatically renewed for one (1) year upon expiration at the then current membership rate and that the appropriate charges be applied to Applicants credit card on file Should Applicant decide to cancel membership a written notice of cancellation must be emailed faxed or sent via postal email to Atlanta REIA at the address email or fax below thirty (30) days prior to the next billing or renewal period Atlanta REIA must acknowledge receipt of this written cancellation notice for it to be valid Membership dues are NON-REFUNDABLE for any reason whatsoever Applicant promises NOT to initiate any refunds or credit card charge backs for these membership dues and related charges at any time Applicant agrees that Atlanta REIA may change the terms of this Agreement or its membership dues at any time by posting such changes to our website at AtlantaREIAcom By continuing membership Applicant agrees to be bound by such changes Applicant will send all written notifications to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 Fax 770-216-1560 Email noticesatlantareiacom With my signature I accept the Terms of Sale Disclaimer amp Release and I authorize Atlanta REIA LLC to charge my credit card for the membership plan above as well as total recurring amount shown I further acknowledge that these membership dues are non-refundable
Applicant 1 (sign) Applicant 2 (sign)
(print) (print)
Date Date
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 27
Atlanta Real Estate Investors Alliance bull FEB 2013
Atlanta REIA Meetings CalendarhttpAtlantaREIAcomMeetings
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
3rd Wednesday of Each MonthLate Nite Networking Buford900 PM ndash Late NiteTilted Kilt 3480 Financial Center Pkwy M1080 Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
3rd Thursday of Each MonthSavannah REIA630 PM ndash 900 PMGallery Espresso234 Bull St Savannah GALeader Aislee Jacksonhttpsavannahreiacom
4th Monday of Each MonthAtlanta REIA West Meeting630 PM ndash 900 PMCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Monday of Each MonthLate Nite Networking Marietta900 PM ndash CloseCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Tuesday of Each MonthNote Buyer Group Meeting630 PM ndash 830 PM Olive Garden 2467 Cobb Parkway SE Smyrna GALeader Tom Boyerhttpnbgatlantareiacom
4th Thursday (Once Per Quarter)Beginning Investors Group Meeting (BIG)630 PM ndash 900 PMChef Robrsquos Caribbean Cafe 5920 Roswell Rd NE A117 Sandy Springs GALeader Alan McDonaldhttpbigatlantareiacom
4th Thursday of Each MonthCash Cows Commercial Group1130 AM ndash 100 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GAhttpcashcowsatlantareiacom
Meets at Various Times Each MonthCash Flow Players Group MeetingTo Be AnnouncedSecrets Factory 2030 Powers Ferry Rd SE 440 Atlanta GALeader Alan McDonaldhttpcashflowatlantareiacom
2nd Wednesday of Each MonthSpanish Investors Networking Group (SING)630 PM ndash 830 PMTaco Depot 4788 Sugarloaf Pkwy 107 Lawrenceville GALeader Michael Vazquezhttpsingatlantareiacom
2nd Wednesday of Each MonthI Love Marketing Group700 PM ndash 900 PMSocial Vinings 3621 Vinings Slope SE Atlanta GALeader Rock Shukoorhttpilmatlantareiacom
2nd Thursday of Each MonthAtlanta REIA South Meeting630 PM ndash 830 PMGiovannarsquos Italian Kitchen 1375 Virginia Ave East Point GALeader Reggie Jackson amp Gordon Cattshttpsouthatlantareiacom
2nd Thursday of Each MonthNorth Georgia REIA700pm - 900pmHilton Garden Inn Cartersville 24 Liberty Drive Cartersville GALeaders Bill amp Kim Cookhttpreioutpostcom
2nd Thursday (Once Per Quarter)Small Business Group (SBG)330 PM ndash 530 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Karen Bershadhttpsbgatlantareiacom
3rd Monday of Each MonthMovers amp Shakers Lunch Meeting1100 AM ndash 130 PM5 Seasons Brewing3655 Old Milton Parkway Alpharetta GALeader Gordon Cattshttpmoversandshakersatlantareiacom
3rd Tuesday of Each MonthGwinnett County Group (The Fish Club)700 PM ndash 900 PMRed Lobster2055 Pleasant Hill Rd Duluth GALeader Aaron McGinnishttpfishclubatlantareiacom
3rd Wednesday of Each MonthAtlanta REIA North Meeting630 PM ndash 830 PM1960 Skylar Hill Dr Suite D Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
February 4th 2013Atlanta REIA Main Meeting530 PM ndash 900 PM Crowne Plaza Ravinia Hotel4355 Ashford Dunwoody Atlanta GA Leader Dustin Griffinhttpmainatlantareiacom
1st Monday of Each MonthLate Nite Networking Dunwoody930 PM ndash Late NiteTilted Kilt 1155-B Mount Vernon Hwy Atlanta GALeader Lee Buddenhttpmainatlantareiacom
1st Monday (Once Per Quarter)Mobile Real Estate Rockstars Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Don DeRosahttprockstarsatlantareiacom
1st Monday (Once Per Quarter) Short Sale amp Foreclosure Group300 PM ndash 530 PMTotal Wine amp More124 Perimeter Center W Atlanta GALeader Bob Masseyhttpssfatlantareiacom
1st Monday (Once Per Quarter)Active Investors Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Gordon Catts
1st Tuesday of Each MonthMountain REIA630 PM ndash 900 PMGolden Corral 2025 Market Place Blvd Cumming GALeader Gordon Cattshttpmountainreiacom
1st Wednesday of Each MonthCreative Deal Structuring Group (CDS)700 PM ndash 900 PMWhitehall Tavern 2391 Peachtree Rd NE Atlanta GALeader Russ Hinerhttpcdsatlantareiacom
Every Thursday (Except Major Holidays)Have amp Wants Meeting130 PM - 330 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Joe Thompsonhttphavesandwantsatlantareiacom
Next Meeting March 28th
Next Game on Sat Feb 9th
Meets Monday Feb 4th
ATLANTA REIA CALENDAR OF EVENTSFEBRUARY 2013
SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
Movers amp Shakers1100am - 130pm
Gwinnett County Group (The Fish Club) 700pm ndash 900pm
I Love Marketing Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pm
Mountain REIA630pm ndash 900pm
Atlanta REIA MAIN MEETING with Bill Cook
530pm ndash 900pmMobile Real Estate Rockstars Group 300-500pm
Creative DealStructuring Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pmAtlanta REIA South Meeting630pm ndash 830pmNorth Georgia REIA700pm - 900pm
NEWSLETTER dESigN PRovidEd by
SNEAK PEEK FOR MARCHMAR 4 ATLANTA REIA MEETING
APR 1 ATLANTA REIA MEETING WITH JAY CONNER
APR 27 FULL DAY WORKSHOP WITH JAY CONNER amp RON LEGRAND
Haves amp Wants Meeting130pm - 330pm
Cash Cows Commercial Group1130am - 100pmHaves amp Wants Meeting130pm - 330pm
Atlanta REIA West Meeting630pm ndash 900pmLate Nite Networking Marietta900 PM ndash Close
Note Buyer Group Meeting 6300pm ndash 830pm
Atlanta REIA North Meeting630pm-830pmLate Nite Networking Buford900pm - Late
Grow Your Wealth With The Financial
Calculator Workshopwith Bill amp Kim Cook
900am - 500pmCartersville GA
Wealth Building Using Self-
Directed IRAswith Dyches Boddiford amp
Pete FortunatoAtlanta GA
- FB
- YT
- MU
- Button 34
- Button 72
Register Online at httpcalculatoratlantareiacom
Join us for an eye-opening day of Creating Wealth by Understanding the Power of the Financial Calculator
NGaREIA
GRoW YoUR WEALTH WITH THE FInAnCIAL CALCULAToR
A Full Day Workshop presented by Bill amp Kim CookSaturday February 23 2013 from 9am ndash 5pm
At the Hilton Garden Inn Cartersville GAWant to know how to use the financial calculator to help determine whether the deal you are working on is worth pursuing Want to know how to calculate the mortgage payments when a homeowner says ldquoYesrdquo to your offer of ldquoWill you owner financerdquoWant to know how long it will take you to
pay off your credit card balance or how much interest you will have paid on your mortgage ten years from nowWant to learn how wealthy people just keep getting wealthier It isnrsquot a secret They simply understand Money Learning the financial calculator will help you construct safer better more profitable Real Estate Investing Deals
$149personBring a Spouse for 12 price
(thatrsquos ldquoSpouserdquo with a ring)
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 4
Atlanta Real Estate Investors Alliance bull FEB 2013
wwwFacebookcomAtlantaREIAKeep up to date with our latest opportunities by joining us on Facebook
LEGAL DISCLAIMER Atlanta REIA LLC promotes practical knowledge of real estate investment though education discussion and networking The information views and opinions expressed in the publication do not necessarily reflect the views policies and opinions of Atlanta REIA LLC or any of its members and sponsors nor does mention of certain trade names products services individuals or organizations imply endorsement by Atlanta REIA LLC or its members or sponsors The information presented in this publication is made available for informational purposes only and is not to be construed as financial or legal advice which should only be obtained through a competent attorney accountant or other qualified professional advisor Atlanta REIA LLC does not pre-qualify evaluate endorse guarantee or warranty any particular deal service company or person Atlanta REIA LLC recommends you perform your own due diligence and seek appropriate legal accounting or other professional advice before making any investment Atlanta REIA LLC disclaims any and all liability for any actions or inactions taken by readers of this informational material or as a result of communications from or to its officers directors employees contractors partners members sponsors and affiliates
2700 Braselton Hwy Suite 10-183 Dacula GA 30019
P 678-701-7160 bull F 770-216-1560E adminatlantareiacomW httpAtlantaREIAcom
Atlanta REIArsquos mission is to help insure our members real estate success by providing affordable quality real estate investing education frequent fun real estate networking opportunities and ongoing community outreach
programs to help build renovate and repair homes for needy Atlanta families while improving our local community
Dustin GriffinExecutive DirectorP 678-701-7160F 770-216-1560E dustinatlantareiacom
Christine GriffinAssistant DirectorP 678-701-7160F 770-216-1560E chrissyatlantareiacom
Jeff NixDirector of Business MembershipP 678-776-8861E jeffnixgmailcom
Gordon CattsDirector of Programs Leader of Movers amp Shakers Atlanta REIA South amp Mountain REIAP 404-454-3567E cattsgryahoocom
Alan McDonaldDirector of AVS Leader of the Beginning Investors Group amp Cashflow GroupP 770-369-0446E mcdonaldalan9yahoocom
Joe ThompsonLeader of Haves amp Wants Meeting and Speed Marketing SessionP 770-403-3227 E joethompsonjrhotmailcom
Karen BershadDirector of Membership amp Leader of theSmall Business GroupP 770-356-1234E karensmallbusinessadvisorbiz
Leslie MathisLeader of Atlanta REIA WestP 678-895-1460E lesliemathismentoryahoocom
Reginald JacksonLeader of Atlanta REIA SouthP 404-427-8797E reginald_j_2002yahoocom
Russ HinerLeader of Creative Deal Structuring Group and Mastermind GroupP 404-660-4289E Russrhinercom
Aaron McGinnisLeader of the Gwinnett County GroupP 404-788-3625E aaronmcginniscraftbuiltnet
Steve BrownLeader of Cash Cows Commercial GroupP 770-378-6235 E chase_sb14bellsouthnet
Don DeRosaLeader of Mobile Real Estate Rockstars GroupP 678-410-7352E donderosa5gmailcom
Rock Shukoor Leader of I Love Marketing GroupP 678-938-4776E realratebgmailcom
Michael VazquezLeader of Spanish Investors Networking GroupP 678-951-9222E michaelpvazquezgmailcom
Bob MasseyLeader of Short Sale amp Foreclosure GroupP 706-816-9820E bobfoundationpublishingllccom
Mark GaleyPresident of Fuller Center of AtlantaP 404-867-3258E markmagnetconstructioncom
Aislee JacksonDirector of Savannah REIAP 912-695-0665E aisleeaisleecom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 4
Main Monthly Meeting
MEETInG AGEnDA300 pm Meeting Before the
Meeting with Don DeRosa
500 pm Vendor amp Event Setup
530 pm Vendor Trade Show amp Networking
615 pm Announcements + Haves amp Wants Speed Marketing Session
715 pm Networking Break
730 pm ldquoEarning Mailbox Moneyrdquo with Bill Cook
930 pm Late Nite Networking at the Tilted Kilt Perimeter
Please Note Meeting agenda is subject to change
ldquoEarning Mail Box Moneyrdquo with Bill CookAtlanta REIA is very excited to announce that local real estate investing expert and leader of North Georgia REIA Bill Cook will be speaking at our Atlanta REIA Main Meeting on February 4th at the Crowne Plaza Ravinia in Atlanta which starts at 530 PM
Bill Cook and his wife Kim have been investing in real estate in Georgia for over 18 years They own a fair number of single-family rental homes they flip houses plus they do a lot of note and option deals But the one unique thing they do that gives them the highest yields on their investment dollars and jam packs their mailbox with money is their mobile home investmentshellip thatrsquos right they buy ugly used trailers
For example they buy a used mobile home in a mobile home park for around $3000 do a quick clean up and fix up then sell it for $9000 with $500 down at 18 interest with payments of around $275 per month for around 4 years The results of this simple deal are eye-popping They quickly turn $3000 into $12000 while getting a yield of around 100 Try matching these results with ANY other type of real estate investing vehicle And herersquos the best part you donrsquot need a lot of money and there is very little competition
Join us at our February meeting if you want to see real-world examples - including pictures and paperwork - of what Bill and Kim do to earn their mailbox money and how they do it There is no fluffhellip it will be all meat and potatoes
At Februaryrsquos meeting Bill will be answering the following questions
bull Why do Lonnie Deals
bull What is a Lonnie Deal and how does it work
bull How do you find the right mobile homes to buy
bull Which mobile home deals should you avoid
bull How to work with park owners
bull How to find sellers
bull How to buy a ldquotrailerrdquo
bull How to sell a ldquomobile homerdquo
bull What to do if the buyer doesnrsquot pay you
bull When is the best time to do Lonnie Deals
bull Examples of real deals that Bill and Kim have done
bull And much more
Come spend the evening with Bill on February 4th and let him teach you how to earn all the mailbox money you can handle in 2013
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 5
Atlanta REIA Main Monthly Meeting
February 4th
Valid Until
112015
Member No
1234
Your NameGold Business Member
Crowne Plaza Ravinia Hotel4355 Ashford Dunwoody
Atlanta GA
Atlanta REIA Members can attend for FREE non-Members amp Guests Can RSVP online at
httpRSVPAtlantaREIAcom for $15 or Pay $20 at the Door
Bill Cook
Bring your biz cards amp flyers
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 6
Atlanta Real Estate Investors Alliance bull FEB 2013
Fast track to selF-DirecteD ira investing
Blue Collar Genius DefinedA Blue Collar Genius is all of us who have mastered our craft with hard work diligence taking action creating experience making mistakes and most importantly never giving up
Thatrsquos a blue collar genius by my definition How many times have you said Irsquom smarter than he is but hersquos driving the big Cadillac and yoursquore driving the little economy car How could that guy ever make any money
Perspiration Inspiration and Blue Collar GeniusrsquoThomas Edison said ldquoGenius is 90 perspiration and 10 inspirationrdquo
The Top Real Estate IRA Investors Know Lack of Knowledge = FearHow many people do you know that have been to every seminar they know more about real estate IRA investing than anybody yoursquove ever talked to and when you ask them ldquohow many deals have you donerdquo they say ldquoWell Irsquom still working on my first dealrdquo You ask ldquoHow long have you been a member of the grouprdquo Yoursquore not shocked when they respond ldquoAbout eight or nine years but Irsquom lookingrdquo
Knowledge is wonderful but you have to actually use it
Mistakes the Top Real Estate IRA Investors Avoid1 You listen to the wrong people
starting with your family and close friends Familiarity breeds contempt or lack of faith Your family or friends have a different perception of you because they fail to see you for what you have become and remember you from your past
2 Believing or setting limitations
3 Accepting the status quo
4 A lack of awareness of a subject you want to master
5 Lack of exposure Learn what you do not know
6 Not enough research training andor education
7 Accepting the first answer Learn to ask questions to the fifth level
Top Real Estate IRA Investors Ask Questions to the Fifth Level1 What is your business relationship
Do you own property and businesses together
2 Are you married to your cousin
3 Have you adopted your cousin You cannot do loans to your children your wife or your cousin I said that on purpose by the way
4 Is the cousin married to your son or daughter
5 Is your cousin your guardian of an IRA beneficiary
6 Is your cousin an attorney CPA or financial planner who provides services to your self-directed IRA and has or does receive compensation
If a realtor says itrsquos a great area go out there at 600 am and find out Check the crime statistics Now yoursquore moving forward You will be a blue collar genius Itrsquos simple when you know more than other folks you have an edge and are an expert
If you followed my point here then you know that the questions I showed here had nothing to do with lsquocousinsrsquo but rather were to illustrate my point that you should not accept the final verdict until you are comfortable Once you get the answers three or four times with consistency then you can assume that itrsquos probably correct How many times have you gone to an attorney and one attorney says one thing and another attorney says something else One CPA says one thing and another CPA says something else
How are you going to make an informed decision until you can get a consensus Someday you just have to sit down and say ldquoItrsquos a business decision and Irsquom going to make itrdquo
For more information or to explore your options call American IRA today at 866-7500-IRA (472) We look forward to working with you
Comment on this article online at httpatlantareiacomp=19005
Learn How to Be a Blue Collar GeniusJim Hitt CEO of American IRA LLC
Jim Hitt800-750-0472JimHittAmericanIRAcom
wwwAmericanIRAcom
wwwFacebookcomAmericanIRA
wwwTwittercomIRAExpert
Jim Hitt is the Chief Executive Officer of American IRA LLC and has been committed to all aspects of investing for more
than 30 years using selfdirected IRAs for his own investments since 1982 Jimrsquos forte is the financing and acquisition of real estate private offerings mortgage lending businesses joint ventures partnerships and limited liability companies using creative techniques
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 7
Atlanta Real Estate Investors Alliance bull FEB 2013
Atlanta REIA Member Benefits
bull AtlantaREIAcom Website Blog and Member Only Area
bull Affordable High Quality Educational Workshops amp Seminars
bull Fun Frequent Networking Opportunities
bull Weekly Special Interest Groups Meet Around Town
bull Lunch amp Learn Subgroup Meetings
bull Wine amp Dine Subgroup Dinner Meetings
bull Atlanta REIA Main Monthly Meeting amp Vendor Tradeshow
bull Learn From Home on Our Monthly Webcast Series
bull Members Can Watch Webcast Replays 247365 on AtlantaREIAcom
bull Atlanta REIA Subchapter Meetings
bull Community Outreach Programs
bull Haves amp Wants Speed Marketing Session and Weekly Meeting
bull Monthly Atlanta REIA ldquoThe Profitrdquo Interactive eNewsletter
bull Weekly Atlanta REIA Email Announcements Articles amp News
bull Volunteer Opportunities
bull Member Discounts on Workshops
bull Member Discounts from Local amp National Vendors
bull And much much more
Atlanta REIA Member Discounts
bull Lowersquos ndash Save up to 7 to22
bull Sherwin Williams Paint ndash Save 30 to 40
bull Sherwin William Flooring ndash Save on Carpet Vinyl Delivery and Installation
bull Sears Commercial ndash Save 4-15 on all Appliances
bull Nu-Set ndash Save on Locksets door hardware security amp lock boxes
bull Build-A-Sign ndash Save 15 on Signs Banners and Magnetics and other products and get Free Delivery on all orders
bull And much much more
Join Atlanta REIA TodayhttpAtlantaREIAcomMembershipBecome a Member of Atlanta REIA for as little as $100year Businesses can join for as little as $150year See our Membership Application in this issue of The Profit or visit
httpAtlantaREIAcomMembership
real estate raW
Have you ever thought about get-ting into the multifamily busi-ness Itrsquos not easy and itrsquos not
for everyone but if you have what it takes I can show you how I created Real Estate Raw to pull back the curtain on the com-mercial multifamily business I have sur-vived the down turn of the economy and quite frankly I donrsquot want to go through that again Do you
How many real estate seminars have you sat through to only find that it was one big SALES PITCH Starting a business armed only with sales pitches is never a good thing In this 5 part series I will be teaching you the ldquoreal siderdquo of the real estate business
Notice I keep saying real estate ldquobusinessrdquo That is one of the first lessons that most people get wrong when starting out in real estate Let me clarify this for you
An investor is someone who is sitting around with cash that they need to get a return on If you have all the cash you need to buy real estate withhellipthen you are an investor If you are trying to create wealth in real estate (not spend it) then you will need to raise money and possibly qualify for some loanshellipyou are not an investor you are a real estate entrepreneur
I make this distinction because most people get started in the real estate business with the wrong mindset and that leads to early frustration If you are not already wealthy and looking to put cash into a property for a return then as an entrepreneur you will be building a real estate business
Now that we have that clear you need to be prepared for all that being an entrepre-neur includes This will mean hard work work that you wonrsquot always get paid for You will need to create about 10-15 hours a week to begin with Keep in mind that the majority of this time will need to be
between 9am-5pm Monday through Fri-day This is when all the agents brokers and most sellers are available and you will need to be too
I understand that this may seem like a lot of time to someone who has a family and a job and you may not have a ton of time dur-ing the work week to dedicate to your new business Find it The one thing I tell my students is ldquothe closing table doesnrsquot carehellipyou get there or you donrsquotrdquo The world is full of people who wanted to be success-fulhellip but just couldnrsquot make it That is real estate and this is Real Estate Raw
The one thing I promise you is the truth and that I will keep it REAL
In the next 4 sections I will be teaching you what to fill those 15 hours a week with such as how to get deals funded with creative financing making creative offers and creating wealth by solving real estate problems
Comment on this article online at httpatlantareiacomp=19044
Getting Started in MultifamilyPart 1 of a 5 Part SeriesBill Ham
Bill Ham478-718-0993BillPhoenixResGroupcom
wwwLinkedIncomInBillHam1
Bill Ham has been in real estate for 8 years and has created a portfolio of nearly 400 units in Macon GA using creative and seller financing
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 8
Atlanta Real Estate Investors Alliance bull FEB 2013
I n my last article I explained that there are two approaches investors can take to determine whether or
not a lender has been negligent or com-mitted fraud The first approach I de-scribed is to look through the paper trail to dig up issues The second approach is to follow the money
Not many people truly understand how the mortgage and finance industries work Itrsquos basically a shell game with them mov-ing money around with little regard as to the laws and regulations that govern how banks are supposed to act
They play this constant game all suppos-edly in the name of increasing the money supply Attorney Neil Garfield describes the process as the bank starting out with $100 in the left pocket and taking $10 out to deposit in the right pocket but still re-porting to the SEC and investors that the full $100 is still in the left pocket When the next $10 comes out described as trad-ing profits or a fee the amount in the left pocket is still reported as $100 rather than the $80 that is actually there
This is just an example of how the fi-nancial transactions that represent the mortgaging of a home rarely take place the way the homeowner or the lenderrsquos investors think To really know what is taking place investigators must follow the money as well as the paper trail The note mortgage HUD-1 and other docu-mentation connected with any given loan most likely do not reflect what actually happened to the funds As a result some argue that these documents are null and void The name of the real funder of the transaction rarely appears on these docu-ments The financial transaction occurred
with different terms and with a different party than are included on the note and other closing documents The instruc-tions to the closing agent generally come from a stranger to the transaction with instructions that any excess payment be refunded to that stranger
If the loan originator were the real payee then any wiring instructions should include terms such as ldquofor the benefit of [the name of that payee]rdquo That rarely happens The source of funds should also be included in the pooling and servicing agreement given to the investors of the mortgage-backed security pool That never happens either There is never any reference between the money chain that is represented by the wiring instructions and the documentation chain represented by the note mortgage and HUD-1
According to Garfield ldquoIt was this split between the money trail and the docu-ment trail that enabled the banks to create a long term gap during which they could trade lsquoownershiprsquo of the loan before mak-ing any attempt to deliver the loan to the investors who had advanced the fundsrdquo
To make matters even more confused the pretender lenders hedged insurance policies called credit default swaps against the potential loss of mortgage income due to default What they failed to reveal to investors was that the investment banks themselves were the ones being protected not the original investors who all had com-mingled funds in undifferentiated pools
The mortgage losses on the books of the banks also caused these same banks to get huge federal bailouts even though they had already been paid off for their losses
through credit default swaps
By following the money investigators can spot one falsehood after another showing how the investment banks cov-ered their assets while leaving distressed homeowners and the original investors to hang out to dry
Combining the method of following the money with digging up the paper trail be-hind a mortgage we now have a way to force the banks to negotiate on our terms Not only are we able to use this informa-tion to help underwater homeowners get out from under their homes with no short sale no deficiency and no coming out of pocket but we are able to pick up pretty houses at incredibly low prices
For more information on how you can get involved in helping underwater homeown-ers while doing some awesome deals give my office a call at 706-485-0162
Comment on this article online at httpatlantareiacomp=19049
Proving Lender Negligence and Fraud Part 2 Follow the Money By Bob Massey
Bob Massey706-485-0162infoREWealthCoachcom
wwwREWealthCoachcom
wwwFacebookcomBobMasseyOfficial
Bob Massey is a recovering corporate executive who is now living the dream running his own real successful estate investing business and
teaching others how to do the same In the process he has become the nationrsquos leading educator on the foreclosure investing the foreclosure process
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 9
Atlanta Real Estate Investors Alliance bull FEB 2013
Yoursquore driving your Uncle Bugsy to the doctor when you spot a ldquofor sale by ownerrdquo sign in
front of a nice little brick house Yoursquore already running late but yoursquove been watching this house ndash itrsquos got a big blue tarp draped over the roof ndash for a couple of months now Yoursquove got no pen and paper and you wonrsquot have time to stop later Sure you can snap a picture with your cellphone but yoursquod really like to take some notes too
Unfortunately Uncle Bugsy isnrsquot known for his patience so yoursquore only going to have about a minute before he starts com-plaining about how inconsiderate kids are nowadays
What should you do
If you have an iPad the solution is a great little app called CaptureNotes Capture-Notes might look like just another note-taking application but itrsquos not Yes it lets you do all the usual note-taking things create notes choose the type of paper and ink color and doodle and scribble on a touch screen So far itrsquos pretty ordinary
But there are three other things Capture-Notes does that make it really useful for us asreal estate investors
First it has some pretty sophisticated bells and whistles You can add photographs andrecord audio while yoursquore taking notes
(say in a seminar or while yoursquore inspect-ing a house) And then you can draw or write on the picture The app also uses searchable customizable color-coded flags as reminders (red for ldquoto dordquo for example or green for ldquoresearch neededrdquo) Those flags can even be used to tag a specific mo-ment in the audio
Second it allows you to import PDF files and use them as templates This is a great way to create standardized forms for spe-cific uses As an investor I find that this kind of streamlining is a big part of my success ndash it allows me to spend more time on buying and selling properties which is where the money is
Finally CaptureNotes provides a pretty painless way to back up your new files simply by uploading them to Dropbox or iTunes
Let me say something here about backing up your files If you arenrsquot already back-ing up please start Irsquove learned the hard way that itrsquos not a matter of IF your com-puter is going to crash Itrsquos a matter of WHEN And itrsquos a pretty safe bet that itrsquoll go dead at the worst possible time Please back it up
So picture it with the clock ticking (Un-cle Bugsy is waiting after all) you start a new notebook Then you jump out of the car and take pictures of the FSBO sign and various shots of the house Now add
those pictures to your note and then circle things on the picture of the house that might be problematic Go crazy and draw lots of arrows and circles Then flag some-thing just for the heck of it Between the flags and the ability to write and highlight in different colors yoursquoll have an exciting dynamic note thatrsquos definitely useful and darned near artistic
And thatrsquos a beautiful thing
Comment on this article online at httpatlantareiacomp=18998
Don DeRosainfoDonDeRosacom
wwwMobileRealEstateRockstarcomAtlanta-REIA
wwwFacebookcomDonDeRosa
wwwTwittercomDonDeRosa
Don DeRosa was recognized as one of the nationrsquos top 21 real estate investors in the New York Times bestseller The Millionaire Real Estate
Investor Don who is a full-time investor trainer and mentor is the first to offer his complete investing system on a mobile platform Don teaches investors how to Make More and Work Less by being more efficient productive and competitive leveraging mobile technology and apps on the iPad iPhone Android and other mobile devices
therersquos an app For that
CaptureNotes Your Life Color-Coded By Don DeRosa
ldquoIrsquom known for my handwritten notesrdquo ~ Pamela Anderson
wwwYouTubecomAtlantaREIA
Keep up to date with our latest videos by subscribing to our YouTube Channel
Attend Donrsquos Mobile Real Estate Rockstars Group on Feb 4th at 3PM
wwwTwittercomAtlantaREIAKeep up to date with our latest opportunities by joining us on Twitter
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 10
Atlanta Real Estate Investors Alliance bull FEB 2013
Marketing Magic tricks
By remembering just a few basics you as a Real Estate Investor can quickly determine whether or not
a seller is motivated to sell their prop-erty First of all a motivated seller will ask questions like ldquohow soon can you buy my houserdquo or ldquoHow can you help me get out of this situationrdquo or ldquoHow soon can you get hererdquo An experienced Real Estate Investor knows these are re-ally good questions for a seller to ask
There are two types of houses we are go-ing to buy either pretty houses or ugly houses and there are motivated sellers in both of these categories When you are marketing to sellers there are certain types of sellers who are much more likely to have a house they need to sell
For example I personally like working with out of state owners (folks who own a property where you live but donrsquot live there full time) heirs divorces vacant houses estate and probate properties military transfers and pre-foreclosures These sellers are much more likely to have a house they need to sell ldquoright nowrdquo and thatrsquos the kind of seller you want to work with As a Real Estate In-vestor you may also run into landlords who are fed up with tenants ruining their properties over and over These are all good sources of motivated sellers Most of these sellers are folks who donrsquot live in these properties
Okay so how are you the Real Estate Investor going to identify a motivated
seller First of all donrsquot be afraid to ask questions This is a basic truth in the real estate investing business The more will-ing a seller is to answer whatever ques-tions you ask the more motivated they are Never be afraid to ask ldquoIs that the least you would takerdquo You might be re-ally surprised at the answer to this ques-tion especially if you are dealing with a motivated seller
For example I recently worked with a seller who was asking $205000 for a property in good condition worth $275000 This seller was already mo-tivated but I ended up paying only $180000 for this property simply be-cause she asked if they would accept a lower price So be willing to ask ques-tions and know that the more willing a seller is to answer them the better deal you will make This is going to be very crucial to the success of your real estate investing business and the amount of profit you make on your deals
Another basic truth is that the more equity there is in a property the bet-ter a deal you are likely to make espe-cially if the house needs repairs Usually if there is a lot of equity and the sellers have owned the home for a long time or if they have just inherited it the more likely they are to let you have a large chunk of that equity for your profit
If there is very little equity in the prop-erty you are much less likely to be able to create a good deal unless the property
owner is simply willing to deed you the property for the balance of the mortgage and walk away As a seasoned Real Es-tate Investor I can personally tell you this absolutely happens So donrsquot be afraid to ask the question ldquoAre you will-ing to sell for what you owerdquo If they say yes you are dealing with a motivated seller who is likely to deed you the prop-erty for the balance of their mortgage which not only will lead to a good profit
Pre-Screening Sellers For Your Real Estate Investing Business ndash Part 2By Kathy Kennebrook The Marketing Magic Lady
Domain Names for just
$199
for first year with new non-domain purchase
httpSuperSmartDomainscombull Domain Names
bull Web amp Wordpress Hostingbull Email amp Exchange Accounts
bull SSL Certificatesbull Marketing Toolsbull and much more
Certain terms and conditions do apply See website for details
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 11
Atlanta Real Estate Investors Alliance bull FEB 2013
+ Voicemail+ Virtual Faxing
+ 24-7 Live Operators+ Online Management
Only
$30per month
Be sure to ask for the REIA discount
Or visit us on the web at
QualityAnsweringServicecomAtlantaREIA
877-774-1717
LIVE ANSWERING SERVICE
30MINUTES
Join us for Education amp networking at the Meeting-Before-the-Meeting each monthWe meet at the Total Wine amp More located at 124 Perimeter Center W
in Atlanta at 300pm before our Atlanta REIA Main Meeting
PERIMETER
wwwYouTubecomAtlantaREIA
Keep up to date with our latest videos by subscribing to our
YouTube Channel
for you but you donrsquot have to worry about where the money is coming from to fund your deal
Another truth is that the uglier the house the more motivated the seller is likely to be If you arenrsquot getting your offers accepted on ugly houses that you can quickly wholesale you arenrsquot target-ing the right kind of junker properties Ask any Real Estate Investor who has been in the business for awhile and they will tell you there is a fortune to be made in ugly houses The more difficult it is to find this type of seller the better deal you are going to make
Another situation that arises fairly often in todayrsquos market and creates motivated sellers is a simple one for you to spot If a seller is behind on payments this is definitely going to be a motivated seller If a motivated seller is behind on pay-ments and they have a lot of equity this is an opportunity for you to make a re-ally good deal You as a Real Estate In-vestor just have to learn to use a script to ask the right questions to determine if a seller is motivated and what kind of deal you are going to make with them Itrsquos not magic it just takes a little nego-tiation and a few questions to pre-screen sellers and create some really good deals
Just remember this the seller is either in or they are out donrsquot waste your time chasing dead deals If you follow this simple rule you will make a lot of mon-ey in your real estate investing business
For more information on pre-screening sellers locating motivated sellers and buyers and exit strategies visit Kathy Kennebrookrsquos website at wwwmarket-ingmagicladycom
Comment on this article online at httpatlantareiacomp=19027
Kathy Kennebrook941-792-5390KPaddlerATTnet
wwwMarketingMagicLadycom
wwwFacebookcomKathyKennebrook
Kathy Kennebrook is a speaker author and has been actively investing in real estate since 1999 Kathy currently resides in Bradenton FL and is known as the Marketing
Magic Lady because she is the countryrsquos leading real estate marketing expert on finding motivated sellers using direct mail
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 12
Atlanta Real Estate Investors Alliance bull FEB 2013
housing Second therersquos not much competition Folks wanting to buy a trailer are forced to pay all cash ndash cash they donrsquot have ndash because banks wonrsquot lend on used mobile homes in a park At the same time very few sellers offer owner financing If you buy for cash and then sell on time yoursquore offering a very unique ndash and profitable ndash service Third every month you receive mailbox money that is taxed as portfolio income ndash which means these earnings arenrsquot getting hit with Social Security or Medicare Taxes
There are also a couple of disadvantages First you must remember that park owners are all-powerful Donrsquot do a deal in a park unless you and the park owner have a clear meeting of the minds Second some of the buyers you work with can be pretty interesting Itrsquos shocking how many are 100 healthy but still get monthly disability checks These are your tax dollars at work folks
A few weeks back I partnered with my buddy Houston Long on my most recent Lonnie Deal He is a long-time
friend and fellow investor I put up the deal and the purchase money Houston agreed to be responsible for the rehab marketing and selling After Irsquove been repaid my purchase money we will split all profits 50-50
The trailer is a nice three-bedroom two-bath doublewide in a park in Acworth Georgia The seller was asking $12000 She agreed to our $5500 offer that included the following purchase terms Wersquod give her $3000 cash down if shersquod accept an unsecured note for the $2500 balance with payments of $100 per month at 0 interest for 25 months
A few weeks later Houston sold this home with owner financing for $17500 with the following sale terms $2000 down payments of $250 per month at 14 interest for 114 months
Including our expenses (about $2000) our yield on this deal was 39 When it came time to make our first $100 monthly payment to the seller we offered her $895 cash in exchange for our $2500 note She quickly accepted our offer Shorting our note from $2500
down to $895 lowered our purchase price from $5500 down to $3895 and increased our yield from 39 up to 5038
Over the years Kim and I have done a wide variety of creative deal structures Our favorite ndash and it happens to offer the highest yields ndash is Lonnie Deals
Comment on this article online at httpatlantareiacomp=19069
continued from page 1
Bill Cook 727-420-4810BillCook2009Gmailcom
wwwREIOutpostcom
Bill Cook is a full-time real estate investor speaker and author He specializes in single-family homes and mobile home parks Bill believes
that real estate investing especially the act of buying and holding rental property is the surest way to financial independence and wealth Bill and his wife Kim run North Georgia REIA where
they teach others how to successfully invest in real estate
Place Your Advertisement Here and Get Noticed
Sign up now and get your ad created by our design specialists for FREEThis introductory special is available for a limited time onlyIf you are ready to get started see our Advertising Rates in this issueThen call Christine Griffin at 678-701-7160 or email adminatlantareiacom
Mutiple Sizes Available
Buy a home like this at a (Actual Property Inventory May Vary)
Step-By-Step Real Estate SuccessAs Atlantas First Full Service Wholesaler We Can1 Find you the deal 65 of the after repair value (includes purchase
price and repairs)2 Provide a certified appraisal to validate value3 Finance the purchase price and repairs4 Have access to our in house contractors to complete repairs for you5 Use our selling agents to sell your beautiful renovated home6 Use our leasing agents if you prefer to buy and hold7 We have just taken all risk out of the deal for you
Goldmine PropertiesWhere Integrity amp Character Matter
WHoLESALE REAL ESTATE 65 LTV
Purchase Price amp Repairs are 65 of Certified After Repair Appraisal
Financing Available
SInCE 1996 WE HAVE WHoLESALED oVER 1700 PRoPERTIES
REnTAL PRoPERTIES 12-18 RoI with 35 Equity
THIS IS AS GooD AS IT GETS The most difficult and important aspect ofReal Estate Investing is finding the deal
ldquoTHIS IS OUR SPECIALTYrdquo
MIKE CHERWENKAmcherwenkaaolcom H wwwgoldminepropertiesnet
(Loan to Value)
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 14
Atlanta Real Estate Investors Alliance bull FEB 2013
PRAdO
Join us at the
Haves amp Wants MeetingEvery Thursday at 130pm 5 Seasons Brewing located at
5600 Roswell Rd in Sandy Springs at the Prado
Short Sales Are SailingBy Kimberlee Frank
Many Investors and Realtors avoid short sales like the plague They are definitely
missing the boat My business special-izes primarily in short sales and I have seen an increase in the number of ap-provals we are getting The time line for a short sale varies from 90 to 120 days if you submit the lender a ldquocompleterdquo short sale package Since short sales are dominating the market the Lenders are creating more streamlined processes to conduct smoother short sales If you do short sales then I am quite sure you have heard of the online system called ldquoEqua-torrdquo Equator allows all of the short sale paperwork to be processed electronically through one common venue versus tra-ditional and random faxes and emails Having a file processed online avoids the common objection from the short sale lender of ldquoWe didnrsquot receive the docu-mentsrdquo Effective January 1 2013 the newest lender that has started to use Equator is Chase The following lenders and servicers are presently using Equa-tor 1) Bank of America 2) Chase 3) Wells Fargo 4) GMAC 5) Nationstar 6) ASC 7) Carrington Mortgage and 8) Homeward Residential Services
The Equator System assigns applicable tasks to each party (Agent Negotiator Closer etc) including a deadline in which to complete each task I like the fact that the lenders can no longer say ldquoOh we never got that paperworkrdquo However I
donrsquot like the fact that they are tracking our information Nationstar has taken the collection of Buyerrsquos information to a whole new level They require all Buyers to fill out a loan application even though they most likely will not be using Nation-star as a lender This application has been mandatory and this has not been waived on any of my files If you are a Buyer on any property you are required to provide your name address telephone number DOB SS assets employment history and more This is regardless if you are purchasing for investment or personal use and if you are getting a mortgage or pay-ing cash
I believe that the lenders are collecting data against all Buyers and will soon share with each other how many deals each Buyer has purchased I had one student inform me that once he purchased over 10 properties from Bank of America he was no longer allowed to purchase any more in his name his wifersquos name or company name Therefore in the future when all lenders work as a team they will share all of this information and limit the amount of deals that an Investor can purchase Wells Fargo started using a system called Core-Logic approximately 2 years ago which al-lows them to simultaneously check to see who was applying for a mortgage at the same time they were conducting a short sale This caused Investors a hardship
even though they fully disclosed to Wells Fargo their intention to buy resell andor fix the property if they used my paper-work Many short sales were not approved at that time and many Investors had no idea WHY Some of the lenders frown on the fact that Investors are purchasing the property and would rather sell the house to a homeowner
You would think that the lenders since they are funded by Investors would un-derstand how we Investors work We donrsquot buy properties at full value as we are not going to live in the home This is a business and we canrsquot make the Sellerrsquos problem our problem by paying full value It is the Investors like us that are helping the lenders get money and not go under
Now is the time to purchase short sales and if you havenrsquot started you have 10 years to ride the wave so do it now Align yourself with a good Mentor and take flight just like many Investors around the world
Happy Sailing
Comment on this article online at httpatlantareiacomp=19030
Foreclosures gone WilD
Kimberlee Frank 407-888-3255KimberleeForeclosuresGoneWildcom
wwwForeclosuresGoneWildcom
wwwFacebookcomForeclosuresGoneWild
wwwLinkedincominKimberleeFrank
wwwTwittercomKimberleeFrank
Kimberlee Frank is a Master Negotiator who has closed over 600 deals since 1998 She is a Mentor Trainer Author and Real Estate Broker teaching Investors
and Realtors how to creatively purchase and sell short sales with her Step-by-Step System She has helped Investors and Realtors earn hundreds of thousands of dollars
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 15
Atlanta Real Estate Investors Alliance bull FEB 2013
Karen Bershad(770) 356-1234KarenSmallBusinessAdvisorbiz
wwwSmallBusinessAdvisorbiz
Karen Bershad is ldquoThe Small Business Advisorrdquo Most small business owners have a challenge handling all the different areas of
running a business The accounting can be a challenge particularly if the software seems overwhelming The Small Business Advisor is what you may need to get you to the next level of your business We work at your office or provide off site assistance in getting things under control by providing a wide variety of services that are specifically for the small business
How Do I Handle a Refundable Security Deposit in QuickBooksBy Karen Bershad The Small Business Advisor
It is the goal of this column to an-swer questions about QuickBooks and how it is used in the REI arena
Know how to record transactions in the proper way and have your set of books in good shape when it comes time for taxes It is our intention to do this by you the members submitting questions to Karensmallbusinessadvisorbiz and getting answers here in this column
Q I am having difficulty reconciling my bank account I have reviewed each entry and have found that several of my deposits do not match the amount the bank has for them How do I see all my detail on each deposit without click-ing on each one to open it
A Go to Reports ndash Banking ndash and look for a report called ldquoDeposit Detailrdquo It will give you line-by-line detail of your deposits in one report and you can com-pare that to what you have in the bank If you make copies of the checks for each deposit and put it with your deposit ticket on each one that will give you a paper back up of what you actually gave the bank This way if the bank made the error then you have details of what you produced to the bank
Q Why do I need to create sub accounts in my chart of accounts
A The Chart of Accounts is the main driver of the program If you have you accounts set up properly your reports ndash Income Statement and Balance Sheet ndash will be reflected properly You may want sub accounts for some of your ex-penses in particular to be able to see where certain money is being spent For instance ndash if you make sub accounts for Auto Expenses ndash Fuel Repairs amp Maint Tags Tolls amp Parking Insurance etc ndash you then can see that the total amount spent in that areas was not just Fuel which is expensive but you had a major repair done and therefore your compari-son to last year for the same time makes more sense
Q I received a ldquoRefundable Security Depos-itrdquo from my tenant How do I enter this into QuickBooks
A This is a Liability account that you will need to payout at some later date In your chart of accounts you should have a Liability account set up for Security De-posits Escrow ndash or some name that sets it apart from security deposits you paid that are owed back to you (which is an Asset) In the deposit window instead of showing this as income you should go to this special Liability account and book
it to that account When it is time to pay the tenant the money back less any damages if need be you will write the check out and expense it also to this Li-ability account to clear the money from the account
Comment on this article online at httpatlantareiacomp=19023
the QuickBooks Quickie
When yoursquore ready to get started see our Advertising Rates in this issue and then call Christine Griffin at 678-701-7160 or email adminatlantareiacom
httpatlantareiacomthe-profitadvertising-rates
If yoursquore looking to reach the Real Estate Industry here in the Greater Atlanta Metro Area and throughout Georgia you canrsquot do better than The PROFIT Your ad will reach more than 10000 each month with your message Our production teams are among some of the best designers in the country We make you look GOOD
Advertise Your Business in The Profit
American IRA Wants to be a Value Added Service to You or Your Business
Contact our office for any self-directed IRA questions you have or for a free consultation
1-866-7500-IRA(472) or infoamericaniracom
P We do business the old fashioned way At American IRA we pick up the phone
P We offer personalized service catered to each of our clientsrsquo needs
P We provide educational articles live webinars and many other resources
P We have experienced IRA instructors who are available for speaking engagements
P We provide joint webinars which allows you to high-light your services
P We provide free copies of your webinar in CDDVD format for you to promote your services
P We have a resource page on our website to list your services on (certain restrictions apply)
P We are experienced in investinghellip we understand your investment language
wwwAmericanIRAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 17
Atlanta Real Estate Investors Alliance bull FEB 2013
Business By the Book
Greed In Business = Trouble In The Family By Erven Kimble
The relentless drive to acquire the elusive ldquoAmerican Dreamrdquo is what fuels many business profes-
sionals To many in pursuit of the worldrsquos definition of success means ldquogetting more and morerdquo ldquoclimbing the corporate ladder at all costrdquo or perhaps it means ldquothe end justifies the means no matter whatrdquo This kind of ill-advised pursuit requires that a person disconnect other areas of life that makes significant demands on their time and attention One way to separate these distractions is to departmentalize them
Highly motivated entrepreneur and busi-ness professionals often compartmentalize their professional interests from the rest of their personal lives Many ldquogo-gettersrdquo tend to divide their lives into these differ-ent compartments and make decisions as if they are not interconnected For many their thoughts about church religion matters concerning God and the Bible or even their family have little or nothing to do with their day-to-day business decisions and activities that are required to be suc-cessful They rationalize that these differ-ent compartments neatly and separately co-exist For instance one might
bull Define things as being secular versus spiritual
bull Make clear distinctions between that which is personal as opposed to the professional matters
bull Or draw a big distinction between their family life and their business life
The truth of the matter is that God does not view our lives as being compartmen-talized A Biblical view sees the secular as spiritual and our professional and personal lives co-existing in the same space The
actions and the decisions that we make at the office effects what happens at home Whether a person realizes it or not deci-sions and practices in the work place have a direct impact on what happens back on the home front
The relentless drive to get more and more in the workplace is called ldquoGreedrdquo Greed is flaw that ultimately brings distrust and dishonor to all those involved A person in pursuit of unmerited gain is a continuous source of grief for themselves as well as their families Greed and covetousness leads men and women to habitually want more than their share As a results the progres-sive overflow of greed leads to bribes and the kickbacks Bribes and kickbacks are a perversion of justice a misrepresentation that ultimately breeds distrust and dishon-or to all those that are involved including all family members who bear their name
Those who refuse to be involved in these ungodly practices
will find longevity and prosperity
There is energizing freedom and great gratification in honesty that translates into the idea of establishing a legacy Business-men and businesswomen that strive to operate an honest business not only live well themselves they also leave a proud heritage to their children Conversely the foolish and fraudulent leave an inheritance of misery
ldquoThe good people who live honest lives will be a blessing to their childrenrdquo (Pr 207)(NCV)
A familyrsquos religious passion will produce the familyrsquos long-term qualities In other
words the children of ethical parents are the recipients of the divine favor of God The family traits model behavior that is mimicked by the children and ultimately the advantages or the hazards are experi-enced by the next generation When there are models of godly parents who live out their Christian beliefs the children are challenged to become wise themselves
Thoughts to Ponder
I Have you ever considered your business decisions would directly impact your family
II What legacy are you preparing to leave your children or family
III Have you considered the long term generational effect of your business practices
Comment on this article online at httpatlantareiacomp=19001
God does not view our lives as being compartmentalized
ldquoGreedy people bring trouble to their families but the person who canrsquot be paid to do wrong will liverdquo (Pr 1527)(NCV)
Erven Kimble 404-606-8909ElegantHomesLLCYahoocom
wwwPeopleWhoBuyHousescom
wwwFacebookcomEAKimble Erven Kimble is an accomplished pastor teacher author community leader licensed Christian Counselor and Real Estate entrepreneur Erven is a visionary that has faithfully
served as the Senior Pastor of a local church in Lilburn Georgia for twenty years
The author searched the Book of Proverbs and Psalms and extracted wisdom that reference business and finances to produce the series of articles called Business By The Book The purpose of these articles is to present time tested and proven Biblical principles in a way that is practical relevant and beneficial to the average business person
HOME INSPECTION
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Great for Rehabs
Investor major systems InspectIon25 of your Fees are credited toward
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REI SPECIALS
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copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 19
Atlanta Real Estate Investors Alliance bull FEB 2013
Caution Landlords Accepting Money After Filing An Eviction Impacts Your RightsBy Attorney Jon David W Huffman
Landlords often have mixed emo-tions when their tenants call and offer them money after a dispos-
sessory warrant (an eviction) has been filed On one hand landlords are in the business of collecting rent However they worry how it may affect moving forward with the eviction Accepting a payment after an eviction is filed does af-fect your rights
Residential Landlords
A residential landlord has a duty to ac-cept a payment from a tenant who is in default if and only if the tenant tenders ldquoall rents allegedly owed plus the cost of the [eviction]rdquo1 However the tenant can-not wait until the last moment to do this They must tender the full payment within seven days of the day they were served the eviction paperwork2 There is no need to worry about a tenant doing this perpetu-ally because a landlord is only obligated to accept this type of payment once per year3 Making this payment provides a complete defense to the eviction and upon receipt a landlord should dismiss the eviction
If a residential tenant offers a partial pay-ment however BEWARE A residential landlord who accepts a partial payment from a tenant after an eviction has been filed waives his right to continue with the eviction and admits the continuance of the lease4 In simple terms the eviction fails and the landlord must start the eviction process over if he wishes to evict the ten-
ant It does not matter when the partial payment is made ndash whether one hour after the eviction is filed or five minutes before the eviction trial Thus the landlord must either reject the partial payment or if ac-cepted he must restart the eviction process
Commercial Landlords
Perhaps unsurprisingly the law on ldquonon-residentialrdquo or commercial leases allows more freedom to contract
A commercial tenantrsquos right to tender past due rent and the dispossessory fee can be contractually waived5 Indeed in many commercial real estate leases this right is waived All commercial landlords should have an attorney review their lease to en-sure that they have the right to regain possession of their property upon default without giving a tenant the right to pay the past due rent and dispossessory fees
Following the freedom-to-contract prin-ciple a commercial landlord can accept a partial payment without waiving his rights to evict Under OCGA sect 44-7-52(c) a commercial landlord is free to take a par-tial payment and continue the eviction process unhindered Of course any money received would offset the landlordrsquos dam-ages So commercial landlords cash that check and keep on going
Disclaimer The information contained in this article is for informational purposes only and is not legal advice or a substitute for legal counsel
It does not constitute advertising or solicitation The information in this article may or may not reflect the most current legal developments ac-cordingly this article is not guaranteed to be complete and should not be considered an indi-cation of future results
Comment on this article online at httpatlantareiacomp=19013
1 OCGA sect 44-7-52(a)2 Id 3 Id4 Gay v American Oil Co 115 Ga App 18 153 S E 2d 612 (1967)2 Id3 Id4 Gay v American Oil Co 115 Ga App 18 153 S E 2d 612 (1967)5 Hardwick v 3379 Peachtree 184 Ga App 822 824 363 SE2d 31 (1987)
real estate legal report
Jon David Huffman 404-373-4008 x 304JonDavidPooleLawGroupcom
wwwPooleLawGroupcom
wwwJonDavidHuffmancom
Jon David Huffman is a litigation attorney specializing in real estate disputes business disputes and commercial collections With
more than a decade of experience managing small businesses before attending Emory Law School he brings a business ownerrsquos perspective to the practice of law
wwwMeetUpcomAtlantaREIA
Join us on Meetup and RSVP for the meetings you will be attending
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 20
Atlanta Real Estate Investors Alliance bull FEB 2013
With each New Year comes new ventures More and more often investors have
to expand their investment territories in order to stay active As technology con-tinues to make the world a smaller place many investors are also looking at invest-ing in different states and some in differ-ent countries By doing this the amount of inventory increases dramatically if you make the right contacts At the same time if you work with investors that are open in investing out of state or in different coun-tries you have the ability to sell more
With all this said it is not always as easy as it may sound whether you are the buyer or seller As the buyer you need to make a trip to the new area you are looking to invest in The reason to do this is obviously to learn the market but secondly to make a few key contacts in the area The main contacts you need to make are a few wholesalers real estate agents contractors a title company and property management if you are look-ing for rentals Not only will these contacts help you in their area of specialty but they can also be go-to people for a second opinion on any potential deals In order for this to be a win-win situation you want to use these contactsrsquo services For example if you ask a contractor to verify repair cost on a home you should use himher for that project
The suggestions mentioned above also ap-ply to those looking to sell properties out-side their local area of expertise If you are teaming up with a local in a new area make sure you are working with someone that can answer questions experienced investors will need answered Keep in mind that just because someone tells you a property is a good deal to invest in does not mean it is
You may be marketing a property that you would normally not market Even worse you may end up selling a property that you would not have sold if you knew the market better Investors will typically follow you into another statecountry if you have been part of their success in their local market Investors should do their own due diligence but you should do your own before even marketing that deal otherwise you will lose credibility You may not only lose credibil-ity in the new market but also in your local market You can also lose money that you have out for a due diligence period andor earnest money if you discover that you con-tracted a dud Remember the importance of closing once you have a contract in place
Before venturing into a new market make sure you at least make the contacts men-tioned above Let them know your inten-tions of investing andor selling in their area soon but are currently familiarizing yourself with the market This will prevent them from thinking of you as just another window shopper Remember that if you create a win-win-win situation your success will continue to grow
Comment on this article online at httpatlantareiacomp=19041
FroM contract to closing
New TerritoriesBy Michael Vazquez
Michael Vazquez 678-951-9222MichaelPVazquezGmailcom
Michael Vazquez has been offering properties to real estate investors significantly below market value since 2006 in both Texas and Georgia
Michael is always looking to for more investors to work with
Solutions that help you Make More
Work LessUse your iPad iPhone or other mobile device anywhere tohellip
H Find comps and rental rates
H Sign and send contractsH Plan your entire rehabH and so much more
Check it out noW5 Day Trial for only $1
Make More Work LessGo To
MobileRealEstateRockstarcomAtlanta-REIA
Keep up to date with our latest opportunities by joining us on Twitter at wwwTwittercomAtlantaREIA
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 21
Atlanta Real Estate Investors Alliance bull FEB 2013
Every New Yearrsquos Day people consider what they want to ac-complish in the following year
Well we are now 30 days into 2013 and I am sure that you have reflected on 2012 What resolutions did you follow to success What results have you seen from last yearrsquos work
At the beginning of 2013 I reflected on what I considered success Like many of you I realized that I want to improve my monetary financial relationship and problem-solving skills because these lead us to success What is success in 2013 ACHIEVING MORE OF YOUR GOALS
We all know that success in our busi-ness means learning new tricks tips and techniques We must accumulate knowledge and power We must achieve a superior capacity to think and act effectively through presentations best practices and strong strategies We must have a highly competitive advantage a platinum value But how do we strengthen the skills that we MUST have
The ONLY way to achieve this is through what I call PAC Planning Accountability and Consistency
Planning
Planning means success Planning means that you will be prepared to react logically You will be able to carefully consider the market environment re-lationships and finances Planning sets you up for control of your own success
Because Irsquove been in this business for so long one of the many things I can tell you is an easy way to plan-- measure what you are doing Here is how
bull Graph your numbers once a week
bull Reflect on your graphmdashAre your ef-forts showing success
- If not change your strategy
- If so reflect on what you have done and decide how to do it even better
For example wanting to earn $200000 a year is my goaldesired outcome To do this I will work backwards from the goal to the actual steps and processes needed to allow me to achieve the goals These steps are the action plan
ONLY when we know our goals can we outline the steps to get there Only then can
we follow the steps and make adjustments
Accountability and Consistency
Do you make time for your success or do you need support to be consistently accountable to your goals your plan and yourself
This is where I come in I can coach you with your plan accountability and con-sistency PAC
Irsquod like to share some of my action steps for 2013mdashthese are examples of action steps that as your coach I can help you to create plan and execute As your coach I can help you increase your ex-pertise with goals like these by helping you to use the PAC principles
1 Increase my profitability by using my resources effectively and ef-ficiently Example Limit events tasks and time with people which donrsquot align with my goals or which canrsquot be satisfied
2 Create systems situations and op-portunities to meet and present to qualified customers Goal Meet new customers 20 of the time
3 Focus 100 on my emotional physical and mental focus What can I do
4 Debrief after events to increase my expertise
Consistent effort energy time use of resources and learning will allow me to achieve my goals It will help you toomdashif you apply PAC
With PAC and my assistance you can eliminate sabotaging behaviors and be-
hoW to Be a real estate investor
2013 A Year of Achieving Your Goals with PAC By Russ Hiner
Join us for
LATE nITE nETWoRKInGat the Meeting-After-the-MeetingWe meet at the Tilted Kilt Perimeter located 1155-B Mount Vernon Highway in Atlanta right after our Atlanta REIA Main Meeting
PERIMETERcontinued on page 23
Attend Russrsquos Creative Deal Structuring on Feb 9th at 7PM
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 22
Atlanta Real Estate Investors Alliance bull FEB 2013
Welcome back If you read Part One of this article you know that we covered the
other different types of popular real es-tate deals that most people do and the biggest problems with them these days Then we talked about how advantageous it is to do the new type of deals Whole-saling Pretty Houses
But we still have a few important things to cover so letrsquos pick up where we left offhellip
Once you agree on the deal amp terms with the seller you get all the paperwork signed amp closed at either a title compa-ny or attorneyrsquos office No exceptions Yoursquoll want that legal backup in case the seller conveniently forgets what they agreed to later
So now yoursquove got a deal under contract amp all the paperwork signed What now Simple You get it lsquosoldrsquo as an oppor-tunity to a tenant buyer who 1 Has a decent chunk of money to put down (typically $5000+minimum) and 2 Can afford the existing monthly mort-gage payments
For example letrsquos say you have a house worth $250000 The seller owes $260000 with monthly PITI payments of $1550 amp theyrsquore current The house needs little to no repair amp is in a great neighborhood where people want to live The seller just wants to walk amp realizes
that there is NO money to be made on this deal obviously
So at a glance it looks like this
ARV $250kOWE $260k PAYMENT $1550 PITI
currentREPAIRS $0ASKING $0 Just wants out (for what-
ever reason eg job x-ferloss divorce etc)
So you SELL the house on a Lease Purchase (aka lsquoRent to Ownrsquo) to a tenant buyer who falls in love with the house has at least $5000 to put down as Non-Refundable Option Consideration and can easily af-ford the $1550 monthly payments (plus utilities HOA etc obviously)
You arrange the closing at the title compa-nyattorneyrsquos office (have the tenant buyer pay their fee) and collect your check
hellipAND YOUrsquoRE DONE You are OUT of the deal from this
point forward
So what just happened And why would you WANT to be OUT of the deal after that
Good question Letrsquos recap shall we
You found amp negotiated a deal on a house with little to no equity that no one else would touch You solved the sellerrsquos prob-
lem amp they love you for it You then went amp found a tenant buyer who couldnrsquot buy a house now if their life depended on it (in most cases) and gave them an honest op-portunity to eventually buy this beautiful house in a beautiful neighborhoodhellip even if their credit is terrible
(NOTE The worse their credit is the more you should collect as a downpay-ment )
After that the tenant-buyer should just make the monthly mortgage pay-ments as rent There are a few options on how they can do this 1 Pay directly to the seller 2 Pay directly to the mortgage company 3 Pay to a 3rd-party paymentescrow company I highly suggest doing the 3rd so everyone can be sure the pay-ments are made on time There are several companies that will provide this service for you for a nominal fee ranging from $5 to $50mo Check around for more informa-tion on that
So herersquos the next big question WHY would YOU as the investor want to be DONE with the deal after that Why wouldnrsquot you want to get the deed or stay in the deal
Herersquos the answer You WOULD want to stay in the deal (and maybe get the deed)hellip IF
IF the seller has equity IF the house is go-ing UP in value Or IF the mortgage pay-
The Best Deals To Do in Real Estate in 2013 amp Beyond ndash Part 2By Tony Pearl
pearls oF WisDoM
NGaREIANorth GeorGia reia MoNthly MeetiNG
2nd Thursday of Each Month at 700 PMat the Hilton Garden Inn
Cartersville GA
See httpREIOutpostcom for more information
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 23
Atlanta Real Estate Investors Alliance bull FEB 2013
ments are LOW and the rent is HIGH Those are some great examples of why you WOULD want to remain in the deal
But IF the opposite is true you should simply collect your down payment from the seller amp assign that deal that you just lined up Wait a minute Assign the deal WHO would you assign the deal to
Irsquom smiling as I write this and hopefully you will too as you realize the obvious
You ASSIGN the deal right back to the SELLER of the house Does that make sense
When the house goes back up in value amp the tenant buyer is ready to buy guess what
Theyrsquoll buy directly from the seller And you explain all that to everyone involved in the deal
This Type Of Deal Is Tremendously Advantageous
To You When
bull Houses in that area are still declining in value
bull If the seller simply owes too much
bull Or if you just want an easy-in easy-out type of simple deal to do that still quickly puts thousands of dol-lars in your pocket without any risk or rehab
In the example above you got a check for (at least) $5000 pretty quickly and you donrsquot have to deal with the tenant-buyer or the seller ever again if you donrsquot want to In Out Paid Done Simple
Of course there are some important de-tails in the middle that you should learn If these types of deals make sense to you and you would like to learn more either ask your local REIA leader to get more information for you or drop me a line Irsquod love to help
So there you have it I believe that wholesaling pretty houses is one of the best types of deals you can be doing in 2013 amp beyond Itrsquos quick amp easy and there are plenty of deals like that out there now Best of all therersquos VERY little competition to do this For now
Hopefully your competition wonrsquot read this article
Until Next Time
Tony Pearl
Comment on this article online at httpatlantareiacomp=19037
Tony Pearl202-556-0670TonyTonyPearlcom
wwwTonyPearlcom
wwwFacebookcomTonyPearl
wwwTwittercomTheTonyPearl
wwwYoutubecomTonyPearl
Tony Pearl is an entrepreneur copywriter proud father mentor marketing consultant and talented teacher who resides in the Washington DC area He
has traveled to over 26 countries speaks 4 languages and continues to travel extensively He has been a professional Ballroom and Latin dance instructor competitor and exhibitor for over 19 years As a Real Estate Investor Tony has bought and sold over Ten Million dollars worth of real estate and has been educated by and associates with the best
Russ Hiner 404-660-4289RussRHinercom
wwwRHinercom
wwwFacebookcom1RHiner
Russ has been investing in real estate in Atlanta Georgia since 1981 His company currently controls apartment buildings and single-family properties in Georgia and
other states His focus is on raising private capital through Hedge Equity LLC
Russ invests everyday His knowledge and experience is current in the market He is capitalizing on the needs wants and desires of the customer He has a deep level of experience in building relationships with vendors investors tenants sellers and qualified buyers He has the knowledge to negotiate contracts manage rental properties and make his co-investors wealthy He enjoys taking properties which are virtually destroyed renovating them and creating a better community
come accountable Being accountable will lead to success which will give you the confidence to take responsibility for your greatness Confidence is liberating It leads to increased passion for your work With renewed passion 2013 can be your year of commitment and success With renewed energy you can follow your Plan that will lead you to Consis-tency Accountability and SUCCESS
So itrsquos 2013 You have goals
Will you use the same techniques that you did in 2012 Or will you join me and others whom Irsquove worked with in using new tools and renewed energy
What is the action step to begin plan-ning What should you do to help you remain on track
What can you do to make 2013 a differ-ent year for you a year of success
I am looking forward to meeting you and helping you on your way to a suc-cessful 2013
Comment on this article online at httpatlantareiacomp=19035
Achieving Your Goals with PAC cont from p21
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 24
Atlanta Real Estate Investors Alliance bull FEB 2013
How to Quickly Get 10 to 15 Good Rental Properties Paid For Free and Clear By Larry Harbolt
creative Financing is king
Larry Harbolt 727-420-4810LarryHarboltGmailcom
wwwLarryHarboltcom
wwwFacebookcomLarryHarbolt7
wwwTwittercomLarryHarbolt Larry Harbolt is the nationrsquos leading creative Seller Financing expert as well as a popular national real estate speaker and teacher whose time-
tested strategies and nuts and bolts teaching style has helped thousands of aspiring real estate entrepreneurs realize their financial dreams with little or no money and without the need for credit Larry has been successful creatively buying and selling real estate for over 30 years and has written numerous popular articles and real estate courses Larry also has been running a meetup group in St Petersburg FL for real estate investors for over 13 years
We are already in the second month of 2013 and I just had a conversation with one
of my students who wanted to know how to create wealth in the shortest possible pe-riod of time The following is my idea how wealth for any real estate investor can be created in the shortest period of time
Here is an example of how you can quickly achieve financial freedom and then wealth investing in real estate
For instance the first thing you need to do is buy 10 to 15 well selected income pro-ducing properties you are willing to keep long term as your retirement program and the base of your future wealth I personally love the thought of someone else having to go to work every day to earn money they give me in the form of rent each month that pays for my properties without me having to have a job or have to go to work every day Then once you have bought your 10 to 15 keeper rental houses in good neighborhoods with tenants who are pay-ing on time every month letrsquos say $1000 each month of which $520 goes for the monthly loan payment and after monthly expenses of property taxes property insur-ance a maintenance fund and a vacancy fund leaves you from the $1000 gross rent approximately $150 each month to put into your pocket Letrsquos say for each of your keeper rental properties you paid $88000 with very little money down and were able to get seller financing terms for 30 years
Then once you get those 10 to 15 houses free and clear with no debt each month you get to keep the entire $1000 from each house (less taxes and insurance and main-tenance costs) leaving you about $600 to $650 from each house each month Ten houses at $600 each equals $600000 each month paid directly to you to pay your bills Some of you might need 15
houses to achieve your goals If you have 15 houses x $600 net each month will give you $9000 per month income to cover your monthly expenses Once you have that much coming in each month you will have financial freedom but not yet wealth Wealth comes over time Let me show you how to get your properties free and clear in the shortest period of time
Getting Your 10 to 15 Houses Free and Clear In a Short
Period of Time
After you have your base of 10 to 15 houses bought then each year go out and buy an additional 10 to 15 houses The additional 10 to 15 houses you buy each year can be rehabbed and then sold If you were to take all of the profits from the sale of each of the additional 10 to 15 houses (after paying the taxes) and use the money you have left to pay off one or two of the loans on the houses you plan to keep and you did this over and over for a few years your base of rental properties would soon be com-pletely paid for and you would then have enough income coming in each month to be financially free
This is definitely a plausible and possible plan to become financially free in the short-est period of time Once you have done this you will then have more time and money to continue to buy even more houses sim-ply because you will have enough income each month coming in so you donrsquot have to go to a job you hate every day
Once all of your base of income produc-ing properties are completely paid for and are free and clear you will probably truly be a millionaire If you have 15 properties valued at $80000 that are free and clear your net worth will be $80000 X 15 = $1200000 Now you are wealthy
You Must Have a Wealth Building Strategy to Be
Successful
This is how true wealth is created over time People who only wholesale property for a living are not true investors -- they really have a job When a wholesaler buys a property and then passes it on to another person and they get paid a fee that money will be quickly spent and they then have to go out and find another property to whole-sale again so they can get another fee To me thatrsquos a job and I donrsquot want another job I want financial success
If you plan to be a successful real estate in-vestor and create the wealth you want it is going to be very important that you are able to recognize opportunity when it pres-ents itself It took me nearly 25 years to figure this out for myself and that is why I am sharing this information with you now so you can more quickly achieve financial freedom and your eventual wealth
Comment on this article online at httpatlantareiacomp=19032
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
Atlanta Real Estate Investors Alliance bull FEB 2013
Join our Mobile Real Estate Investor VIP ListJust text ATLAnTA to 404-996-1099Standard text message rates apply
Follow us online from your mobile phone at httpAtlantaREIAcom httpFacebookcomAtlantaREIA httpTwittercomAtlantaREIA httpYoutubecomAtlantaREIA httpMeetupcomAtlantaREIA
Want to stay plugged in and connected to Atlanta REIA from
your mobile device
Subscribe to The Profit Newsletter amp Email list at httpSubscribeAtlantaREIAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
For a Limited Time
Wersquore Sharing our Design Firm with our Advertisers
GROW YOUR BUSINESS TODAY placing an ad in The Profit and our design firm River City Consulting will design your ad for FREE Wersquoll also provide you with the digital file to use online and to have printed to use as promotional flyersMinimum 3-month Obligation
When yoursquore ready to get started call Christine Griffin at 678-701-7160 or email adminatlantareiacom
SEE THEIR WORK IN amp ON
AAttllaannttaa RREEIIAA MMeemmbbeerrsshhiipp AApppplliiccaattiioonn Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560
Atlanta REIA Use Only Member ____________ Exp Date ____________ ID Card Printed Sent _________
Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560 rev 1282011
Membership Plans - Choose a Membership Plan
Silver Membership for Individual $100year
Silver Membership for Couple $150year
Gold Membership for Individual $300year
Gold Membership for Couple $300year
Applicant Information - Please print clearly
Applicant 1 Applicant 2
Address
Phone 1 Phone 2
Email 1 Email 2
Sponsor (if applicable)
Payment Information - Please print clearly
Name on Card Total Amount $
Billing Address
Card Type Visa Master Card Discover American Express
Card Number Expiration Date Code
Terms of Sale Disclaimer amp Release The undersigned Applicant(s) hereafter called the Applicant understands and acknowledges that membership in the Atlanta Real Estate Investor Alliance hereafter called Atlanta REIA absolutely does NOT entitle nor make Applicant a legal member of Atlanta REIA LLC the company Applicant acknowledges that Atlanta REIA does not render legal tax economic or investment advice All programs are provided with the understanding that Atlanta REIA is not engaged in rendering legal tax or other professional services If legal tax or other expert assistance is required the services of a competent professional should be sought Atlanta REIA does not investigate its members nor vouch for nor make representation as to the honesty integrity reliability motives andor resources of its members officers directors employees agents and or contractors The Applicant in consideration for hisher acceptance as a member of Atlanta REIA hereby releases discharges and agrees to indemnify Atlanta REIA its officers directors members employees agents andor contractors from any liabilities now accrued or which may hereafter accrue from their actions inactions or communications made by Atlanta REIA andor officers directors members employees agents andor contractors in or through their respective capacities with Atlanta REIA Applicant agrees to comply with the terms and conditions described herein the Code of Ethics and any other terms described on our website at AtlantaREIAcom as well as any other Atlanta REIA rules and regulations Applicant agrees and acknowledges that Atlanta REIA may enforce these codes terms rules and regulations at its sole and absolute discretion and may terminate this membership at any time for any reason whatsoever Applicant grants to Atlanta REIA its representatives and employees the right to take photographs video or audio of Applicant and Applicants property Applicant authorizes Atlanta REIA its assigns and transferees to copyright use and publish the same in print andor electronically Applicant agrees that Atlanta REIA may use such photographs video and audio of Applicant with or without Applicants name and for any lawful purpose including but not limited to publicity illustration advertising and web content Applicant grants permission to Atlanta REIA to contact Applicant regarding membership and related business by phone fax email text message chat programs social networking automated voice broadcast dialers or any other means necessary By completing this application Applicant agrees to give Atlanta REIA permission to bill the credit card above for the membership plan selected above Applicant acknowledges and agrees that the term of membership is one (1) year and that billing for membership will be automatically renewed for one (1) year upon expiration at the then current membership rate and that the appropriate charges be applied to Applicants credit card on file Should Applicant decide to cancel membership a written notice of cancellation must be emailed faxed or sent via postal email to Atlanta REIA at the address email or fax below thirty (30) days prior to the next billing or renewal period Atlanta REIA must acknowledge receipt of this written cancellation notice for it to be valid Membership dues are NON-REFUNDABLE for any reason whatsoever Applicant promises NOT to initiate any refunds or credit card charge backs for these membership dues and related charges at any time Applicant agrees that Atlanta REIA may change the terms of this Agreement or its membership dues at any time by posting such changes to our website at AtlantaREIAcom By continuing membership Applicant agrees to be bound by such changes Applicant will send all written notifications to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 Fax 770-216-1560 Email noticesatlantareiacom With my signature I accept the Terms of Sale Disclaimer amp Release and I authorize Atlanta REIA LLC to charge my credit card for the membership plan above as well as total recurring amount shown I further acknowledge that these membership dues are non-refundable
Applicant 1 (sign) Applicant 2 (sign)
(print) (print)
Date Date
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 27
Atlanta Real Estate Investors Alliance bull FEB 2013
Atlanta REIA Meetings CalendarhttpAtlantaREIAcomMeetings
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
3rd Wednesday of Each MonthLate Nite Networking Buford900 PM ndash Late NiteTilted Kilt 3480 Financial Center Pkwy M1080 Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
3rd Thursday of Each MonthSavannah REIA630 PM ndash 900 PMGallery Espresso234 Bull St Savannah GALeader Aislee Jacksonhttpsavannahreiacom
4th Monday of Each MonthAtlanta REIA West Meeting630 PM ndash 900 PMCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Monday of Each MonthLate Nite Networking Marietta900 PM ndash CloseCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Tuesday of Each MonthNote Buyer Group Meeting630 PM ndash 830 PM Olive Garden 2467 Cobb Parkway SE Smyrna GALeader Tom Boyerhttpnbgatlantareiacom
4th Thursday (Once Per Quarter)Beginning Investors Group Meeting (BIG)630 PM ndash 900 PMChef Robrsquos Caribbean Cafe 5920 Roswell Rd NE A117 Sandy Springs GALeader Alan McDonaldhttpbigatlantareiacom
4th Thursday of Each MonthCash Cows Commercial Group1130 AM ndash 100 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GAhttpcashcowsatlantareiacom
Meets at Various Times Each MonthCash Flow Players Group MeetingTo Be AnnouncedSecrets Factory 2030 Powers Ferry Rd SE 440 Atlanta GALeader Alan McDonaldhttpcashflowatlantareiacom
2nd Wednesday of Each MonthSpanish Investors Networking Group (SING)630 PM ndash 830 PMTaco Depot 4788 Sugarloaf Pkwy 107 Lawrenceville GALeader Michael Vazquezhttpsingatlantareiacom
2nd Wednesday of Each MonthI Love Marketing Group700 PM ndash 900 PMSocial Vinings 3621 Vinings Slope SE Atlanta GALeader Rock Shukoorhttpilmatlantareiacom
2nd Thursday of Each MonthAtlanta REIA South Meeting630 PM ndash 830 PMGiovannarsquos Italian Kitchen 1375 Virginia Ave East Point GALeader Reggie Jackson amp Gordon Cattshttpsouthatlantareiacom
2nd Thursday of Each MonthNorth Georgia REIA700pm - 900pmHilton Garden Inn Cartersville 24 Liberty Drive Cartersville GALeaders Bill amp Kim Cookhttpreioutpostcom
2nd Thursday (Once Per Quarter)Small Business Group (SBG)330 PM ndash 530 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Karen Bershadhttpsbgatlantareiacom
3rd Monday of Each MonthMovers amp Shakers Lunch Meeting1100 AM ndash 130 PM5 Seasons Brewing3655 Old Milton Parkway Alpharetta GALeader Gordon Cattshttpmoversandshakersatlantareiacom
3rd Tuesday of Each MonthGwinnett County Group (The Fish Club)700 PM ndash 900 PMRed Lobster2055 Pleasant Hill Rd Duluth GALeader Aaron McGinnishttpfishclubatlantareiacom
3rd Wednesday of Each MonthAtlanta REIA North Meeting630 PM ndash 830 PM1960 Skylar Hill Dr Suite D Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
February 4th 2013Atlanta REIA Main Meeting530 PM ndash 900 PM Crowne Plaza Ravinia Hotel4355 Ashford Dunwoody Atlanta GA Leader Dustin Griffinhttpmainatlantareiacom
1st Monday of Each MonthLate Nite Networking Dunwoody930 PM ndash Late NiteTilted Kilt 1155-B Mount Vernon Hwy Atlanta GALeader Lee Buddenhttpmainatlantareiacom
1st Monday (Once Per Quarter)Mobile Real Estate Rockstars Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Don DeRosahttprockstarsatlantareiacom
1st Monday (Once Per Quarter) Short Sale amp Foreclosure Group300 PM ndash 530 PMTotal Wine amp More124 Perimeter Center W Atlanta GALeader Bob Masseyhttpssfatlantareiacom
1st Monday (Once Per Quarter)Active Investors Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Gordon Catts
1st Tuesday of Each MonthMountain REIA630 PM ndash 900 PMGolden Corral 2025 Market Place Blvd Cumming GALeader Gordon Cattshttpmountainreiacom
1st Wednesday of Each MonthCreative Deal Structuring Group (CDS)700 PM ndash 900 PMWhitehall Tavern 2391 Peachtree Rd NE Atlanta GALeader Russ Hinerhttpcdsatlantareiacom
Every Thursday (Except Major Holidays)Have amp Wants Meeting130 PM - 330 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Joe Thompsonhttphavesandwantsatlantareiacom
Next Meeting March 28th
Next Game on Sat Feb 9th
Meets Monday Feb 4th
ATLANTA REIA CALENDAR OF EVENTSFEBRUARY 2013
SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
Movers amp Shakers1100am - 130pm
Gwinnett County Group (The Fish Club) 700pm ndash 900pm
I Love Marketing Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pm
Mountain REIA630pm ndash 900pm
Atlanta REIA MAIN MEETING with Bill Cook
530pm ndash 900pmMobile Real Estate Rockstars Group 300-500pm
Creative DealStructuring Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pmAtlanta REIA South Meeting630pm ndash 830pmNorth Georgia REIA700pm - 900pm
NEWSLETTER dESigN PRovidEd by
SNEAK PEEK FOR MARCHMAR 4 ATLANTA REIA MEETING
APR 1 ATLANTA REIA MEETING WITH JAY CONNER
APR 27 FULL DAY WORKSHOP WITH JAY CONNER amp RON LEGRAND
Haves amp Wants Meeting130pm - 330pm
Cash Cows Commercial Group1130am - 100pmHaves amp Wants Meeting130pm - 330pm
Atlanta REIA West Meeting630pm ndash 900pmLate Nite Networking Marietta900 PM ndash Close
Note Buyer Group Meeting 6300pm ndash 830pm
Atlanta REIA North Meeting630pm-830pmLate Nite Networking Buford900pm - Late
Grow Your Wealth With The Financial
Calculator Workshopwith Bill amp Kim Cook
900am - 500pmCartersville GA
Wealth Building Using Self-
Directed IRAswith Dyches Boddiford amp
Pete FortunatoAtlanta GA
- FB
- YT
- MU
- Button 34
- Button 72
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 4
Atlanta Real Estate Investors Alliance bull FEB 2013
wwwFacebookcomAtlantaREIAKeep up to date with our latest opportunities by joining us on Facebook
LEGAL DISCLAIMER Atlanta REIA LLC promotes practical knowledge of real estate investment though education discussion and networking The information views and opinions expressed in the publication do not necessarily reflect the views policies and opinions of Atlanta REIA LLC or any of its members and sponsors nor does mention of certain trade names products services individuals or organizations imply endorsement by Atlanta REIA LLC or its members or sponsors The information presented in this publication is made available for informational purposes only and is not to be construed as financial or legal advice which should only be obtained through a competent attorney accountant or other qualified professional advisor Atlanta REIA LLC does not pre-qualify evaluate endorse guarantee or warranty any particular deal service company or person Atlanta REIA LLC recommends you perform your own due diligence and seek appropriate legal accounting or other professional advice before making any investment Atlanta REIA LLC disclaims any and all liability for any actions or inactions taken by readers of this informational material or as a result of communications from or to its officers directors employees contractors partners members sponsors and affiliates
2700 Braselton Hwy Suite 10-183 Dacula GA 30019
P 678-701-7160 bull F 770-216-1560E adminatlantareiacomW httpAtlantaREIAcom
Atlanta REIArsquos mission is to help insure our members real estate success by providing affordable quality real estate investing education frequent fun real estate networking opportunities and ongoing community outreach
programs to help build renovate and repair homes for needy Atlanta families while improving our local community
Dustin GriffinExecutive DirectorP 678-701-7160F 770-216-1560E dustinatlantareiacom
Christine GriffinAssistant DirectorP 678-701-7160F 770-216-1560E chrissyatlantareiacom
Jeff NixDirector of Business MembershipP 678-776-8861E jeffnixgmailcom
Gordon CattsDirector of Programs Leader of Movers amp Shakers Atlanta REIA South amp Mountain REIAP 404-454-3567E cattsgryahoocom
Alan McDonaldDirector of AVS Leader of the Beginning Investors Group amp Cashflow GroupP 770-369-0446E mcdonaldalan9yahoocom
Joe ThompsonLeader of Haves amp Wants Meeting and Speed Marketing SessionP 770-403-3227 E joethompsonjrhotmailcom
Karen BershadDirector of Membership amp Leader of theSmall Business GroupP 770-356-1234E karensmallbusinessadvisorbiz
Leslie MathisLeader of Atlanta REIA WestP 678-895-1460E lesliemathismentoryahoocom
Reginald JacksonLeader of Atlanta REIA SouthP 404-427-8797E reginald_j_2002yahoocom
Russ HinerLeader of Creative Deal Structuring Group and Mastermind GroupP 404-660-4289E Russrhinercom
Aaron McGinnisLeader of the Gwinnett County GroupP 404-788-3625E aaronmcginniscraftbuiltnet
Steve BrownLeader of Cash Cows Commercial GroupP 770-378-6235 E chase_sb14bellsouthnet
Don DeRosaLeader of Mobile Real Estate Rockstars GroupP 678-410-7352E donderosa5gmailcom
Rock Shukoor Leader of I Love Marketing GroupP 678-938-4776E realratebgmailcom
Michael VazquezLeader of Spanish Investors Networking GroupP 678-951-9222E michaelpvazquezgmailcom
Bob MasseyLeader of Short Sale amp Foreclosure GroupP 706-816-9820E bobfoundationpublishingllccom
Mark GaleyPresident of Fuller Center of AtlantaP 404-867-3258E markmagnetconstructioncom
Aislee JacksonDirector of Savannah REIAP 912-695-0665E aisleeaisleecom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 4
Main Monthly Meeting
MEETInG AGEnDA300 pm Meeting Before the
Meeting with Don DeRosa
500 pm Vendor amp Event Setup
530 pm Vendor Trade Show amp Networking
615 pm Announcements + Haves amp Wants Speed Marketing Session
715 pm Networking Break
730 pm ldquoEarning Mailbox Moneyrdquo with Bill Cook
930 pm Late Nite Networking at the Tilted Kilt Perimeter
Please Note Meeting agenda is subject to change
ldquoEarning Mail Box Moneyrdquo with Bill CookAtlanta REIA is very excited to announce that local real estate investing expert and leader of North Georgia REIA Bill Cook will be speaking at our Atlanta REIA Main Meeting on February 4th at the Crowne Plaza Ravinia in Atlanta which starts at 530 PM
Bill Cook and his wife Kim have been investing in real estate in Georgia for over 18 years They own a fair number of single-family rental homes they flip houses plus they do a lot of note and option deals But the one unique thing they do that gives them the highest yields on their investment dollars and jam packs their mailbox with money is their mobile home investmentshellip thatrsquos right they buy ugly used trailers
For example they buy a used mobile home in a mobile home park for around $3000 do a quick clean up and fix up then sell it for $9000 with $500 down at 18 interest with payments of around $275 per month for around 4 years The results of this simple deal are eye-popping They quickly turn $3000 into $12000 while getting a yield of around 100 Try matching these results with ANY other type of real estate investing vehicle And herersquos the best part you donrsquot need a lot of money and there is very little competition
Join us at our February meeting if you want to see real-world examples - including pictures and paperwork - of what Bill and Kim do to earn their mailbox money and how they do it There is no fluffhellip it will be all meat and potatoes
At Februaryrsquos meeting Bill will be answering the following questions
bull Why do Lonnie Deals
bull What is a Lonnie Deal and how does it work
bull How do you find the right mobile homes to buy
bull Which mobile home deals should you avoid
bull How to work with park owners
bull How to find sellers
bull How to buy a ldquotrailerrdquo
bull How to sell a ldquomobile homerdquo
bull What to do if the buyer doesnrsquot pay you
bull When is the best time to do Lonnie Deals
bull Examples of real deals that Bill and Kim have done
bull And much more
Come spend the evening with Bill on February 4th and let him teach you how to earn all the mailbox money you can handle in 2013
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 5
Atlanta REIA Main Monthly Meeting
February 4th
Valid Until
112015
Member No
1234
Your NameGold Business Member
Crowne Plaza Ravinia Hotel4355 Ashford Dunwoody
Atlanta GA
Atlanta REIA Members can attend for FREE non-Members amp Guests Can RSVP online at
httpRSVPAtlantaREIAcom for $15 or Pay $20 at the Door
Bill Cook
Bring your biz cards amp flyers
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 6
Atlanta Real Estate Investors Alliance bull FEB 2013
Fast track to selF-DirecteD ira investing
Blue Collar Genius DefinedA Blue Collar Genius is all of us who have mastered our craft with hard work diligence taking action creating experience making mistakes and most importantly never giving up
Thatrsquos a blue collar genius by my definition How many times have you said Irsquom smarter than he is but hersquos driving the big Cadillac and yoursquore driving the little economy car How could that guy ever make any money
Perspiration Inspiration and Blue Collar GeniusrsquoThomas Edison said ldquoGenius is 90 perspiration and 10 inspirationrdquo
The Top Real Estate IRA Investors Know Lack of Knowledge = FearHow many people do you know that have been to every seminar they know more about real estate IRA investing than anybody yoursquove ever talked to and when you ask them ldquohow many deals have you donerdquo they say ldquoWell Irsquom still working on my first dealrdquo You ask ldquoHow long have you been a member of the grouprdquo Yoursquore not shocked when they respond ldquoAbout eight or nine years but Irsquom lookingrdquo
Knowledge is wonderful but you have to actually use it
Mistakes the Top Real Estate IRA Investors Avoid1 You listen to the wrong people
starting with your family and close friends Familiarity breeds contempt or lack of faith Your family or friends have a different perception of you because they fail to see you for what you have become and remember you from your past
2 Believing or setting limitations
3 Accepting the status quo
4 A lack of awareness of a subject you want to master
5 Lack of exposure Learn what you do not know
6 Not enough research training andor education
7 Accepting the first answer Learn to ask questions to the fifth level
Top Real Estate IRA Investors Ask Questions to the Fifth Level1 What is your business relationship
Do you own property and businesses together
2 Are you married to your cousin
3 Have you adopted your cousin You cannot do loans to your children your wife or your cousin I said that on purpose by the way
4 Is the cousin married to your son or daughter
5 Is your cousin your guardian of an IRA beneficiary
6 Is your cousin an attorney CPA or financial planner who provides services to your self-directed IRA and has or does receive compensation
If a realtor says itrsquos a great area go out there at 600 am and find out Check the crime statistics Now yoursquore moving forward You will be a blue collar genius Itrsquos simple when you know more than other folks you have an edge and are an expert
If you followed my point here then you know that the questions I showed here had nothing to do with lsquocousinsrsquo but rather were to illustrate my point that you should not accept the final verdict until you are comfortable Once you get the answers three or four times with consistency then you can assume that itrsquos probably correct How many times have you gone to an attorney and one attorney says one thing and another attorney says something else One CPA says one thing and another CPA says something else
How are you going to make an informed decision until you can get a consensus Someday you just have to sit down and say ldquoItrsquos a business decision and Irsquom going to make itrdquo
For more information or to explore your options call American IRA today at 866-7500-IRA (472) We look forward to working with you
Comment on this article online at httpatlantareiacomp=19005
Learn How to Be a Blue Collar GeniusJim Hitt CEO of American IRA LLC
Jim Hitt800-750-0472JimHittAmericanIRAcom
wwwAmericanIRAcom
wwwFacebookcomAmericanIRA
wwwTwittercomIRAExpert
Jim Hitt is the Chief Executive Officer of American IRA LLC and has been committed to all aspects of investing for more
than 30 years using selfdirected IRAs for his own investments since 1982 Jimrsquos forte is the financing and acquisition of real estate private offerings mortgage lending businesses joint ventures partnerships and limited liability companies using creative techniques
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 7
Atlanta Real Estate Investors Alliance bull FEB 2013
Atlanta REIA Member Benefits
bull AtlantaREIAcom Website Blog and Member Only Area
bull Affordable High Quality Educational Workshops amp Seminars
bull Fun Frequent Networking Opportunities
bull Weekly Special Interest Groups Meet Around Town
bull Lunch amp Learn Subgroup Meetings
bull Wine amp Dine Subgroup Dinner Meetings
bull Atlanta REIA Main Monthly Meeting amp Vendor Tradeshow
bull Learn From Home on Our Monthly Webcast Series
bull Members Can Watch Webcast Replays 247365 on AtlantaREIAcom
bull Atlanta REIA Subchapter Meetings
bull Community Outreach Programs
bull Haves amp Wants Speed Marketing Session and Weekly Meeting
bull Monthly Atlanta REIA ldquoThe Profitrdquo Interactive eNewsletter
bull Weekly Atlanta REIA Email Announcements Articles amp News
bull Volunteer Opportunities
bull Member Discounts on Workshops
bull Member Discounts from Local amp National Vendors
bull And much much more
Atlanta REIA Member Discounts
bull Lowersquos ndash Save up to 7 to22
bull Sherwin Williams Paint ndash Save 30 to 40
bull Sherwin William Flooring ndash Save on Carpet Vinyl Delivery and Installation
bull Sears Commercial ndash Save 4-15 on all Appliances
bull Nu-Set ndash Save on Locksets door hardware security amp lock boxes
bull Build-A-Sign ndash Save 15 on Signs Banners and Magnetics and other products and get Free Delivery on all orders
bull And much much more
Join Atlanta REIA TodayhttpAtlantaREIAcomMembershipBecome a Member of Atlanta REIA for as little as $100year Businesses can join for as little as $150year See our Membership Application in this issue of The Profit or visit
httpAtlantaREIAcomMembership
real estate raW
Have you ever thought about get-ting into the multifamily busi-ness Itrsquos not easy and itrsquos not
for everyone but if you have what it takes I can show you how I created Real Estate Raw to pull back the curtain on the com-mercial multifamily business I have sur-vived the down turn of the economy and quite frankly I donrsquot want to go through that again Do you
How many real estate seminars have you sat through to only find that it was one big SALES PITCH Starting a business armed only with sales pitches is never a good thing In this 5 part series I will be teaching you the ldquoreal siderdquo of the real estate business
Notice I keep saying real estate ldquobusinessrdquo That is one of the first lessons that most people get wrong when starting out in real estate Let me clarify this for you
An investor is someone who is sitting around with cash that they need to get a return on If you have all the cash you need to buy real estate withhellipthen you are an investor If you are trying to create wealth in real estate (not spend it) then you will need to raise money and possibly qualify for some loanshellipyou are not an investor you are a real estate entrepreneur
I make this distinction because most people get started in the real estate business with the wrong mindset and that leads to early frustration If you are not already wealthy and looking to put cash into a property for a return then as an entrepreneur you will be building a real estate business
Now that we have that clear you need to be prepared for all that being an entrepre-neur includes This will mean hard work work that you wonrsquot always get paid for You will need to create about 10-15 hours a week to begin with Keep in mind that the majority of this time will need to be
between 9am-5pm Monday through Fri-day This is when all the agents brokers and most sellers are available and you will need to be too
I understand that this may seem like a lot of time to someone who has a family and a job and you may not have a ton of time dur-ing the work week to dedicate to your new business Find it The one thing I tell my students is ldquothe closing table doesnrsquot carehellipyou get there or you donrsquotrdquo The world is full of people who wanted to be success-fulhellip but just couldnrsquot make it That is real estate and this is Real Estate Raw
The one thing I promise you is the truth and that I will keep it REAL
In the next 4 sections I will be teaching you what to fill those 15 hours a week with such as how to get deals funded with creative financing making creative offers and creating wealth by solving real estate problems
Comment on this article online at httpatlantareiacomp=19044
Getting Started in MultifamilyPart 1 of a 5 Part SeriesBill Ham
Bill Ham478-718-0993BillPhoenixResGroupcom
wwwLinkedIncomInBillHam1
Bill Ham has been in real estate for 8 years and has created a portfolio of nearly 400 units in Macon GA using creative and seller financing
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 8
Atlanta Real Estate Investors Alliance bull FEB 2013
I n my last article I explained that there are two approaches investors can take to determine whether or
not a lender has been negligent or com-mitted fraud The first approach I de-scribed is to look through the paper trail to dig up issues The second approach is to follow the money
Not many people truly understand how the mortgage and finance industries work Itrsquos basically a shell game with them mov-ing money around with little regard as to the laws and regulations that govern how banks are supposed to act
They play this constant game all suppos-edly in the name of increasing the money supply Attorney Neil Garfield describes the process as the bank starting out with $100 in the left pocket and taking $10 out to deposit in the right pocket but still re-porting to the SEC and investors that the full $100 is still in the left pocket When the next $10 comes out described as trad-ing profits or a fee the amount in the left pocket is still reported as $100 rather than the $80 that is actually there
This is just an example of how the fi-nancial transactions that represent the mortgaging of a home rarely take place the way the homeowner or the lenderrsquos investors think To really know what is taking place investigators must follow the money as well as the paper trail The note mortgage HUD-1 and other docu-mentation connected with any given loan most likely do not reflect what actually happened to the funds As a result some argue that these documents are null and void The name of the real funder of the transaction rarely appears on these docu-ments The financial transaction occurred
with different terms and with a different party than are included on the note and other closing documents The instruc-tions to the closing agent generally come from a stranger to the transaction with instructions that any excess payment be refunded to that stranger
If the loan originator were the real payee then any wiring instructions should include terms such as ldquofor the benefit of [the name of that payee]rdquo That rarely happens The source of funds should also be included in the pooling and servicing agreement given to the investors of the mortgage-backed security pool That never happens either There is never any reference between the money chain that is represented by the wiring instructions and the documentation chain represented by the note mortgage and HUD-1
According to Garfield ldquoIt was this split between the money trail and the docu-ment trail that enabled the banks to create a long term gap during which they could trade lsquoownershiprsquo of the loan before mak-ing any attempt to deliver the loan to the investors who had advanced the fundsrdquo
To make matters even more confused the pretender lenders hedged insurance policies called credit default swaps against the potential loss of mortgage income due to default What they failed to reveal to investors was that the investment banks themselves were the ones being protected not the original investors who all had com-mingled funds in undifferentiated pools
The mortgage losses on the books of the banks also caused these same banks to get huge federal bailouts even though they had already been paid off for their losses
through credit default swaps
By following the money investigators can spot one falsehood after another showing how the investment banks cov-ered their assets while leaving distressed homeowners and the original investors to hang out to dry
Combining the method of following the money with digging up the paper trail be-hind a mortgage we now have a way to force the banks to negotiate on our terms Not only are we able to use this informa-tion to help underwater homeowners get out from under their homes with no short sale no deficiency and no coming out of pocket but we are able to pick up pretty houses at incredibly low prices
For more information on how you can get involved in helping underwater homeown-ers while doing some awesome deals give my office a call at 706-485-0162
Comment on this article online at httpatlantareiacomp=19049
Proving Lender Negligence and Fraud Part 2 Follow the Money By Bob Massey
Bob Massey706-485-0162infoREWealthCoachcom
wwwREWealthCoachcom
wwwFacebookcomBobMasseyOfficial
Bob Massey is a recovering corporate executive who is now living the dream running his own real successful estate investing business and
teaching others how to do the same In the process he has become the nationrsquos leading educator on the foreclosure investing the foreclosure process
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 9
Atlanta Real Estate Investors Alliance bull FEB 2013
Yoursquore driving your Uncle Bugsy to the doctor when you spot a ldquofor sale by ownerrdquo sign in
front of a nice little brick house Yoursquore already running late but yoursquove been watching this house ndash itrsquos got a big blue tarp draped over the roof ndash for a couple of months now Yoursquove got no pen and paper and you wonrsquot have time to stop later Sure you can snap a picture with your cellphone but yoursquod really like to take some notes too
Unfortunately Uncle Bugsy isnrsquot known for his patience so yoursquore only going to have about a minute before he starts com-plaining about how inconsiderate kids are nowadays
What should you do
If you have an iPad the solution is a great little app called CaptureNotes Capture-Notes might look like just another note-taking application but itrsquos not Yes it lets you do all the usual note-taking things create notes choose the type of paper and ink color and doodle and scribble on a touch screen So far itrsquos pretty ordinary
But there are three other things Capture-Notes does that make it really useful for us asreal estate investors
First it has some pretty sophisticated bells and whistles You can add photographs andrecord audio while yoursquore taking notes
(say in a seminar or while yoursquore inspect-ing a house) And then you can draw or write on the picture The app also uses searchable customizable color-coded flags as reminders (red for ldquoto dordquo for example or green for ldquoresearch neededrdquo) Those flags can even be used to tag a specific mo-ment in the audio
Second it allows you to import PDF files and use them as templates This is a great way to create standardized forms for spe-cific uses As an investor I find that this kind of streamlining is a big part of my success ndash it allows me to spend more time on buying and selling properties which is where the money is
Finally CaptureNotes provides a pretty painless way to back up your new files simply by uploading them to Dropbox or iTunes
Let me say something here about backing up your files If you arenrsquot already back-ing up please start Irsquove learned the hard way that itrsquos not a matter of IF your com-puter is going to crash Itrsquos a matter of WHEN And itrsquos a pretty safe bet that itrsquoll go dead at the worst possible time Please back it up
So picture it with the clock ticking (Un-cle Bugsy is waiting after all) you start a new notebook Then you jump out of the car and take pictures of the FSBO sign and various shots of the house Now add
those pictures to your note and then circle things on the picture of the house that might be problematic Go crazy and draw lots of arrows and circles Then flag some-thing just for the heck of it Between the flags and the ability to write and highlight in different colors yoursquoll have an exciting dynamic note thatrsquos definitely useful and darned near artistic
And thatrsquos a beautiful thing
Comment on this article online at httpatlantareiacomp=18998
Don DeRosainfoDonDeRosacom
wwwMobileRealEstateRockstarcomAtlanta-REIA
wwwFacebookcomDonDeRosa
wwwTwittercomDonDeRosa
Don DeRosa was recognized as one of the nationrsquos top 21 real estate investors in the New York Times bestseller The Millionaire Real Estate
Investor Don who is a full-time investor trainer and mentor is the first to offer his complete investing system on a mobile platform Don teaches investors how to Make More and Work Less by being more efficient productive and competitive leveraging mobile technology and apps on the iPad iPhone Android and other mobile devices
therersquos an app For that
CaptureNotes Your Life Color-Coded By Don DeRosa
ldquoIrsquom known for my handwritten notesrdquo ~ Pamela Anderson
wwwYouTubecomAtlantaREIA
Keep up to date with our latest videos by subscribing to our YouTube Channel
Attend Donrsquos Mobile Real Estate Rockstars Group on Feb 4th at 3PM
wwwTwittercomAtlantaREIAKeep up to date with our latest opportunities by joining us on Twitter
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 10
Atlanta Real Estate Investors Alliance bull FEB 2013
Marketing Magic tricks
By remembering just a few basics you as a Real Estate Investor can quickly determine whether or not
a seller is motivated to sell their prop-erty First of all a motivated seller will ask questions like ldquohow soon can you buy my houserdquo or ldquoHow can you help me get out of this situationrdquo or ldquoHow soon can you get hererdquo An experienced Real Estate Investor knows these are re-ally good questions for a seller to ask
There are two types of houses we are go-ing to buy either pretty houses or ugly houses and there are motivated sellers in both of these categories When you are marketing to sellers there are certain types of sellers who are much more likely to have a house they need to sell
For example I personally like working with out of state owners (folks who own a property where you live but donrsquot live there full time) heirs divorces vacant houses estate and probate properties military transfers and pre-foreclosures These sellers are much more likely to have a house they need to sell ldquoright nowrdquo and thatrsquos the kind of seller you want to work with As a Real Estate In-vestor you may also run into landlords who are fed up with tenants ruining their properties over and over These are all good sources of motivated sellers Most of these sellers are folks who donrsquot live in these properties
Okay so how are you the Real Estate Investor going to identify a motivated
seller First of all donrsquot be afraid to ask questions This is a basic truth in the real estate investing business The more will-ing a seller is to answer whatever ques-tions you ask the more motivated they are Never be afraid to ask ldquoIs that the least you would takerdquo You might be re-ally surprised at the answer to this ques-tion especially if you are dealing with a motivated seller
For example I recently worked with a seller who was asking $205000 for a property in good condition worth $275000 This seller was already mo-tivated but I ended up paying only $180000 for this property simply be-cause she asked if they would accept a lower price So be willing to ask ques-tions and know that the more willing a seller is to answer them the better deal you will make This is going to be very crucial to the success of your real estate investing business and the amount of profit you make on your deals
Another basic truth is that the more equity there is in a property the bet-ter a deal you are likely to make espe-cially if the house needs repairs Usually if there is a lot of equity and the sellers have owned the home for a long time or if they have just inherited it the more likely they are to let you have a large chunk of that equity for your profit
If there is very little equity in the prop-erty you are much less likely to be able to create a good deal unless the property
owner is simply willing to deed you the property for the balance of the mortgage and walk away As a seasoned Real Es-tate Investor I can personally tell you this absolutely happens So donrsquot be afraid to ask the question ldquoAre you will-ing to sell for what you owerdquo If they say yes you are dealing with a motivated seller who is likely to deed you the prop-erty for the balance of their mortgage which not only will lead to a good profit
Pre-Screening Sellers For Your Real Estate Investing Business ndash Part 2By Kathy Kennebrook The Marketing Magic Lady
Domain Names for just
$199
for first year with new non-domain purchase
httpSuperSmartDomainscombull Domain Names
bull Web amp Wordpress Hostingbull Email amp Exchange Accounts
bull SSL Certificatesbull Marketing Toolsbull and much more
Certain terms and conditions do apply See website for details
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 11
Atlanta Real Estate Investors Alliance bull FEB 2013
+ Voicemail+ Virtual Faxing
+ 24-7 Live Operators+ Online Management
Only
$30per month
Be sure to ask for the REIA discount
Or visit us on the web at
QualityAnsweringServicecomAtlantaREIA
877-774-1717
LIVE ANSWERING SERVICE
30MINUTES
Join us for Education amp networking at the Meeting-Before-the-Meeting each monthWe meet at the Total Wine amp More located at 124 Perimeter Center W
in Atlanta at 300pm before our Atlanta REIA Main Meeting
PERIMETER
wwwYouTubecomAtlantaREIA
Keep up to date with our latest videos by subscribing to our
YouTube Channel
for you but you donrsquot have to worry about where the money is coming from to fund your deal
Another truth is that the uglier the house the more motivated the seller is likely to be If you arenrsquot getting your offers accepted on ugly houses that you can quickly wholesale you arenrsquot target-ing the right kind of junker properties Ask any Real Estate Investor who has been in the business for awhile and they will tell you there is a fortune to be made in ugly houses The more difficult it is to find this type of seller the better deal you are going to make
Another situation that arises fairly often in todayrsquos market and creates motivated sellers is a simple one for you to spot If a seller is behind on payments this is definitely going to be a motivated seller If a motivated seller is behind on pay-ments and they have a lot of equity this is an opportunity for you to make a re-ally good deal You as a Real Estate In-vestor just have to learn to use a script to ask the right questions to determine if a seller is motivated and what kind of deal you are going to make with them Itrsquos not magic it just takes a little nego-tiation and a few questions to pre-screen sellers and create some really good deals
Just remember this the seller is either in or they are out donrsquot waste your time chasing dead deals If you follow this simple rule you will make a lot of mon-ey in your real estate investing business
For more information on pre-screening sellers locating motivated sellers and buyers and exit strategies visit Kathy Kennebrookrsquos website at wwwmarket-ingmagicladycom
Comment on this article online at httpatlantareiacomp=19027
Kathy Kennebrook941-792-5390KPaddlerATTnet
wwwMarketingMagicLadycom
wwwFacebookcomKathyKennebrook
Kathy Kennebrook is a speaker author and has been actively investing in real estate since 1999 Kathy currently resides in Bradenton FL and is known as the Marketing
Magic Lady because she is the countryrsquos leading real estate marketing expert on finding motivated sellers using direct mail
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 12
Atlanta Real Estate Investors Alliance bull FEB 2013
housing Second therersquos not much competition Folks wanting to buy a trailer are forced to pay all cash ndash cash they donrsquot have ndash because banks wonrsquot lend on used mobile homes in a park At the same time very few sellers offer owner financing If you buy for cash and then sell on time yoursquore offering a very unique ndash and profitable ndash service Third every month you receive mailbox money that is taxed as portfolio income ndash which means these earnings arenrsquot getting hit with Social Security or Medicare Taxes
There are also a couple of disadvantages First you must remember that park owners are all-powerful Donrsquot do a deal in a park unless you and the park owner have a clear meeting of the minds Second some of the buyers you work with can be pretty interesting Itrsquos shocking how many are 100 healthy but still get monthly disability checks These are your tax dollars at work folks
A few weeks back I partnered with my buddy Houston Long on my most recent Lonnie Deal He is a long-time
friend and fellow investor I put up the deal and the purchase money Houston agreed to be responsible for the rehab marketing and selling After Irsquove been repaid my purchase money we will split all profits 50-50
The trailer is a nice three-bedroom two-bath doublewide in a park in Acworth Georgia The seller was asking $12000 She agreed to our $5500 offer that included the following purchase terms Wersquod give her $3000 cash down if shersquod accept an unsecured note for the $2500 balance with payments of $100 per month at 0 interest for 25 months
A few weeks later Houston sold this home with owner financing for $17500 with the following sale terms $2000 down payments of $250 per month at 14 interest for 114 months
Including our expenses (about $2000) our yield on this deal was 39 When it came time to make our first $100 monthly payment to the seller we offered her $895 cash in exchange for our $2500 note She quickly accepted our offer Shorting our note from $2500
down to $895 lowered our purchase price from $5500 down to $3895 and increased our yield from 39 up to 5038
Over the years Kim and I have done a wide variety of creative deal structures Our favorite ndash and it happens to offer the highest yields ndash is Lonnie Deals
Comment on this article online at httpatlantareiacomp=19069
continued from page 1
Bill Cook 727-420-4810BillCook2009Gmailcom
wwwREIOutpostcom
Bill Cook is a full-time real estate investor speaker and author He specializes in single-family homes and mobile home parks Bill believes
that real estate investing especially the act of buying and holding rental property is the surest way to financial independence and wealth Bill and his wife Kim run North Georgia REIA where
they teach others how to successfully invest in real estate
Place Your Advertisement Here and Get Noticed
Sign up now and get your ad created by our design specialists for FREEThis introductory special is available for a limited time onlyIf you are ready to get started see our Advertising Rates in this issueThen call Christine Griffin at 678-701-7160 or email adminatlantareiacom
Mutiple Sizes Available
Buy a home like this at a (Actual Property Inventory May Vary)
Step-By-Step Real Estate SuccessAs Atlantas First Full Service Wholesaler We Can1 Find you the deal 65 of the after repair value (includes purchase
price and repairs)2 Provide a certified appraisal to validate value3 Finance the purchase price and repairs4 Have access to our in house contractors to complete repairs for you5 Use our selling agents to sell your beautiful renovated home6 Use our leasing agents if you prefer to buy and hold7 We have just taken all risk out of the deal for you
Goldmine PropertiesWhere Integrity amp Character Matter
WHoLESALE REAL ESTATE 65 LTV
Purchase Price amp Repairs are 65 of Certified After Repair Appraisal
Financing Available
SInCE 1996 WE HAVE WHoLESALED oVER 1700 PRoPERTIES
REnTAL PRoPERTIES 12-18 RoI with 35 Equity
THIS IS AS GooD AS IT GETS The most difficult and important aspect ofReal Estate Investing is finding the deal
ldquoTHIS IS OUR SPECIALTYrdquo
MIKE CHERWENKAmcherwenkaaolcom H wwwgoldminepropertiesnet
(Loan to Value)
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 14
Atlanta Real Estate Investors Alliance bull FEB 2013
PRAdO
Join us at the
Haves amp Wants MeetingEvery Thursday at 130pm 5 Seasons Brewing located at
5600 Roswell Rd in Sandy Springs at the Prado
Short Sales Are SailingBy Kimberlee Frank
Many Investors and Realtors avoid short sales like the plague They are definitely
missing the boat My business special-izes primarily in short sales and I have seen an increase in the number of ap-provals we are getting The time line for a short sale varies from 90 to 120 days if you submit the lender a ldquocompleterdquo short sale package Since short sales are dominating the market the Lenders are creating more streamlined processes to conduct smoother short sales If you do short sales then I am quite sure you have heard of the online system called ldquoEqua-torrdquo Equator allows all of the short sale paperwork to be processed electronically through one common venue versus tra-ditional and random faxes and emails Having a file processed online avoids the common objection from the short sale lender of ldquoWe didnrsquot receive the docu-mentsrdquo Effective January 1 2013 the newest lender that has started to use Equator is Chase The following lenders and servicers are presently using Equa-tor 1) Bank of America 2) Chase 3) Wells Fargo 4) GMAC 5) Nationstar 6) ASC 7) Carrington Mortgage and 8) Homeward Residential Services
The Equator System assigns applicable tasks to each party (Agent Negotiator Closer etc) including a deadline in which to complete each task I like the fact that the lenders can no longer say ldquoOh we never got that paperworkrdquo However I
donrsquot like the fact that they are tracking our information Nationstar has taken the collection of Buyerrsquos information to a whole new level They require all Buyers to fill out a loan application even though they most likely will not be using Nation-star as a lender This application has been mandatory and this has not been waived on any of my files If you are a Buyer on any property you are required to provide your name address telephone number DOB SS assets employment history and more This is regardless if you are purchasing for investment or personal use and if you are getting a mortgage or pay-ing cash
I believe that the lenders are collecting data against all Buyers and will soon share with each other how many deals each Buyer has purchased I had one student inform me that once he purchased over 10 properties from Bank of America he was no longer allowed to purchase any more in his name his wifersquos name or company name Therefore in the future when all lenders work as a team they will share all of this information and limit the amount of deals that an Investor can purchase Wells Fargo started using a system called Core-Logic approximately 2 years ago which al-lows them to simultaneously check to see who was applying for a mortgage at the same time they were conducting a short sale This caused Investors a hardship
even though they fully disclosed to Wells Fargo their intention to buy resell andor fix the property if they used my paper-work Many short sales were not approved at that time and many Investors had no idea WHY Some of the lenders frown on the fact that Investors are purchasing the property and would rather sell the house to a homeowner
You would think that the lenders since they are funded by Investors would un-derstand how we Investors work We donrsquot buy properties at full value as we are not going to live in the home This is a business and we canrsquot make the Sellerrsquos problem our problem by paying full value It is the Investors like us that are helping the lenders get money and not go under
Now is the time to purchase short sales and if you havenrsquot started you have 10 years to ride the wave so do it now Align yourself with a good Mentor and take flight just like many Investors around the world
Happy Sailing
Comment on this article online at httpatlantareiacomp=19030
Foreclosures gone WilD
Kimberlee Frank 407-888-3255KimberleeForeclosuresGoneWildcom
wwwForeclosuresGoneWildcom
wwwFacebookcomForeclosuresGoneWild
wwwLinkedincominKimberleeFrank
wwwTwittercomKimberleeFrank
Kimberlee Frank is a Master Negotiator who has closed over 600 deals since 1998 She is a Mentor Trainer Author and Real Estate Broker teaching Investors
and Realtors how to creatively purchase and sell short sales with her Step-by-Step System She has helped Investors and Realtors earn hundreds of thousands of dollars
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 15
Atlanta Real Estate Investors Alliance bull FEB 2013
Karen Bershad(770) 356-1234KarenSmallBusinessAdvisorbiz
wwwSmallBusinessAdvisorbiz
Karen Bershad is ldquoThe Small Business Advisorrdquo Most small business owners have a challenge handling all the different areas of
running a business The accounting can be a challenge particularly if the software seems overwhelming The Small Business Advisor is what you may need to get you to the next level of your business We work at your office or provide off site assistance in getting things under control by providing a wide variety of services that are specifically for the small business
How Do I Handle a Refundable Security Deposit in QuickBooksBy Karen Bershad The Small Business Advisor
It is the goal of this column to an-swer questions about QuickBooks and how it is used in the REI arena
Know how to record transactions in the proper way and have your set of books in good shape when it comes time for taxes It is our intention to do this by you the members submitting questions to Karensmallbusinessadvisorbiz and getting answers here in this column
Q I am having difficulty reconciling my bank account I have reviewed each entry and have found that several of my deposits do not match the amount the bank has for them How do I see all my detail on each deposit without click-ing on each one to open it
A Go to Reports ndash Banking ndash and look for a report called ldquoDeposit Detailrdquo It will give you line-by-line detail of your deposits in one report and you can com-pare that to what you have in the bank If you make copies of the checks for each deposit and put it with your deposit ticket on each one that will give you a paper back up of what you actually gave the bank This way if the bank made the error then you have details of what you produced to the bank
Q Why do I need to create sub accounts in my chart of accounts
A The Chart of Accounts is the main driver of the program If you have you accounts set up properly your reports ndash Income Statement and Balance Sheet ndash will be reflected properly You may want sub accounts for some of your ex-penses in particular to be able to see where certain money is being spent For instance ndash if you make sub accounts for Auto Expenses ndash Fuel Repairs amp Maint Tags Tolls amp Parking Insurance etc ndash you then can see that the total amount spent in that areas was not just Fuel which is expensive but you had a major repair done and therefore your compari-son to last year for the same time makes more sense
Q I received a ldquoRefundable Security Depos-itrdquo from my tenant How do I enter this into QuickBooks
A This is a Liability account that you will need to payout at some later date In your chart of accounts you should have a Liability account set up for Security De-posits Escrow ndash or some name that sets it apart from security deposits you paid that are owed back to you (which is an Asset) In the deposit window instead of showing this as income you should go to this special Liability account and book
it to that account When it is time to pay the tenant the money back less any damages if need be you will write the check out and expense it also to this Li-ability account to clear the money from the account
Comment on this article online at httpatlantareiacomp=19023
the QuickBooks Quickie
When yoursquore ready to get started see our Advertising Rates in this issue and then call Christine Griffin at 678-701-7160 or email adminatlantareiacom
httpatlantareiacomthe-profitadvertising-rates
If yoursquore looking to reach the Real Estate Industry here in the Greater Atlanta Metro Area and throughout Georgia you canrsquot do better than The PROFIT Your ad will reach more than 10000 each month with your message Our production teams are among some of the best designers in the country We make you look GOOD
Advertise Your Business in The Profit
American IRA Wants to be a Value Added Service to You or Your Business
Contact our office for any self-directed IRA questions you have or for a free consultation
1-866-7500-IRA(472) or infoamericaniracom
P We do business the old fashioned way At American IRA we pick up the phone
P We offer personalized service catered to each of our clientsrsquo needs
P We provide educational articles live webinars and many other resources
P We have experienced IRA instructors who are available for speaking engagements
P We provide joint webinars which allows you to high-light your services
P We provide free copies of your webinar in CDDVD format for you to promote your services
P We have a resource page on our website to list your services on (certain restrictions apply)
P We are experienced in investinghellip we understand your investment language
wwwAmericanIRAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 17
Atlanta Real Estate Investors Alliance bull FEB 2013
Business By the Book
Greed In Business = Trouble In The Family By Erven Kimble
The relentless drive to acquire the elusive ldquoAmerican Dreamrdquo is what fuels many business profes-
sionals To many in pursuit of the worldrsquos definition of success means ldquogetting more and morerdquo ldquoclimbing the corporate ladder at all costrdquo or perhaps it means ldquothe end justifies the means no matter whatrdquo This kind of ill-advised pursuit requires that a person disconnect other areas of life that makes significant demands on their time and attention One way to separate these distractions is to departmentalize them
Highly motivated entrepreneur and busi-ness professionals often compartmentalize their professional interests from the rest of their personal lives Many ldquogo-gettersrdquo tend to divide their lives into these differ-ent compartments and make decisions as if they are not interconnected For many their thoughts about church religion matters concerning God and the Bible or even their family have little or nothing to do with their day-to-day business decisions and activities that are required to be suc-cessful They rationalize that these differ-ent compartments neatly and separately co-exist For instance one might
bull Define things as being secular versus spiritual
bull Make clear distinctions between that which is personal as opposed to the professional matters
bull Or draw a big distinction between their family life and their business life
The truth of the matter is that God does not view our lives as being compartmen-talized A Biblical view sees the secular as spiritual and our professional and personal lives co-existing in the same space The
actions and the decisions that we make at the office effects what happens at home Whether a person realizes it or not deci-sions and practices in the work place have a direct impact on what happens back on the home front
The relentless drive to get more and more in the workplace is called ldquoGreedrdquo Greed is flaw that ultimately brings distrust and dishonor to all those involved A person in pursuit of unmerited gain is a continuous source of grief for themselves as well as their families Greed and covetousness leads men and women to habitually want more than their share As a results the progres-sive overflow of greed leads to bribes and the kickbacks Bribes and kickbacks are a perversion of justice a misrepresentation that ultimately breeds distrust and dishon-or to all those that are involved including all family members who bear their name
Those who refuse to be involved in these ungodly practices
will find longevity and prosperity
There is energizing freedom and great gratification in honesty that translates into the idea of establishing a legacy Business-men and businesswomen that strive to operate an honest business not only live well themselves they also leave a proud heritage to their children Conversely the foolish and fraudulent leave an inheritance of misery
ldquoThe good people who live honest lives will be a blessing to their childrenrdquo (Pr 207)(NCV)
A familyrsquos religious passion will produce the familyrsquos long-term qualities In other
words the children of ethical parents are the recipients of the divine favor of God The family traits model behavior that is mimicked by the children and ultimately the advantages or the hazards are experi-enced by the next generation When there are models of godly parents who live out their Christian beliefs the children are challenged to become wise themselves
Thoughts to Ponder
I Have you ever considered your business decisions would directly impact your family
II What legacy are you preparing to leave your children or family
III Have you considered the long term generational effect of your business practices
Comment on this article online at httpatlantareiacomp=19001
God does not view our lives as being compartmentalized
ldquoGreedy people bring trouble to their families but the person who canrsquot be paid to do wrong will liverdquo (Pr 1527)(NCV)
Erven Kimble 404-606-8909ElegantHomesLLCYahoocom
wwwPeopleWhoBuyHousescom
wwwFacebookcomEAKimble Erven Kimble is an accomplished pastor teacher author community leader licensed Christian Counselor and Real Estate entrepreneur Erven is a visionary that has faithfully
served as the Senior Pastor of a local church in Lilburn Georgia for twenty years
The author searched the Book of Proverbs and Psalms and extracted wisdom that reference business and finances to produce the series of articles called Business By The Book The purpose of these articles is to present time tested and proven Biblical principles in a way that is practical relevant and beneficial to the average business person
HOME INSPECTION
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major systems InspectIon$60 per Home amp one page summary report
Great for Rehabs
Investor major systems InspectIon25 of your Fees are credited toward
A Full Home Inspection
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bull 1st Home regular pricebull each Inspection accrues an additional
5 discount on Inspections 2ndash5bull Inspections 6 and beyond are 25 OFF
REI SPECIALS
bull FRee 90-day Home warranty wItH every complete Home InspectIon
bull FRee recall cHeck on applIcances and mecHanIcal components oF tHe Home wItH FRee Updates For lIFe
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bull 247 onlIne scHedUlIng and docUment sIgnIng
bull FRee repaIrs re-InspectIon and InspectIon Update
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bull BOnDeD amp InsuReD wItH errors and omIssIons InsUrance
Visit wwwPetesFriendlyHomeInspectioncom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 19
Atlanta Real Estate Investors Alliance bull FEB 2013
Caution Landlords Accepting Money After Filing An Eviction Impacts Your RightsBy Attorney Jon David W Huffman
Landlords often have mixed emo-tions when their tenants call and offer them money after a dispos-
sessory warrant (an eviction) has been filed On one hand landlords are in the business of collecting rent However they worry how it may affect moving forward with the eviction Accepting a payment after an eviction is filed does af-fect your rights
Residential Landlords
A residential landlord has a duty to ac-cept a payment from a tenant who is in default if and only if the tenant tenders ldquoall rents allegedly owed plus the cost of the [eviction]rdquo1 However the tenant can-not wait until the last moment to do this They must tender the full payment within seven days of the day they were served the eviction paperwork2 There is no need to worry about a tenant doing this perpetu-ally because a landlord is only obligated to accept this type of payment once per year3 Making this payment provides a complete defense to the eviction and upon receipt a landlord should dismiss the eviction
If a residential tenant offers a partial pay-ment however BEWARE A residential landlord who accepts a partial payment from a tenant after an eviction has been filed waives his right to continue with the eviction and admits the continuance of the lease4 In simple terms the eviction fails and the landlord must start the eviction process over if he wishes to evict the ten-
ant It does not matter when the partial payment is made ndash whether one hour after the eviction is filed or five minutes before the eviction trial Thus the landlord must either reject the partial payment or if ac-cepted he must restart the eviction process
Commercial Landlords
Perhaps unsurprisingly the law on ldquonon-residentialrdquo or commercial leases allows more freedom to contract
A commercial tenantrsquos right to tender past due rent and the dispossessory fee can be contractually waived5 Indeed in many commercial real estate leases this right is waived All commercial landlords should have an attorney review their lease to en-sure that they have the right to regain possession of their property upon default without giving a tenant the right to pay the past due rent and dispossessory fees
Following the freedom-to-contract prin-ciple a commercial landlord can accept a partial payment without waiving his rights to evict Under OCGA sect 44-7-52(c) a commercial landlord is free to take a par-tial payment and continue the eviction process unhindered Of course any money received would offset the landlordrsquos dam-ages So commercial landlords cash that check and keep on going
Disclaimer The information contained in this article is for informational purposes only and is not legal advice or a substitute for legal counsel
It does not constitute advertising or solicitation The information in this article may or may not reflect the most current legal developments ac-cordingly this article is not guaranteed to be complete and should not be considered an indi-cation of future results
Comment on this article online at httpatlantareiacomp=19013
1 OCGA sect 44-7-52(a)2 Id 3 Id4 Gay v American Oil Co 115 Ga App 18 153 S E 2d 612 (1967)2 Id3 Id4 Gay v American Oil Co 115 Ga App 18 153 S E 2d 612 (1967)5 Hardwick v 3379 Peachtree 184 Ga App 822 824 363 SE2d 31 (1987)
real estate legal report
Jon David Huffman 404-373-4008 x 304JonDavidPooleLawGroupcom
wwwPooleLawGroupcom
wwwJonDavidHuffmancom
Jon David Huffman is a litigation attorney specializing in real estate disputes business disputes and commercial collections With
more than a decade of experience managing small businesses before attending Emory Law School he brings a business ownerrsquos perspective to the practice of law
wwwMeetUpcomAtlantaREIA
Join us on Meetup and RSVP for the meetings you will be attending
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 20
Atlanta Real Estate Investors Alliance bull FEB 2013
With each New Year comes new ventures More and more often investors have
to expand their investment territories in order to stay active As technology con-tinues to make the world a smaller place many investors are also looking at invest-ing in different states and some in differ-ent countries By doing this the amount of inventory increases dramatically if you make the right contacts At the same time if you work with investors that are open in investing out of state or in different coun-tries you have the ability to sell more
With all this said it is not always as easy as it may sound whether you are the buyer or seller As the buyer you need to make a trip to the new area you are looking to invest in The reason to do this is obviously to learn the market but secondly to make a few key contacts in the area The main contacts you need to make are a few wholesalers real estate agents contractors a title company and property management if you are look-ing for rentals Not only will these contacts help you in their area of specialty but they can also be go-to people for a second opinion on any potential deals In order for this to be a win-win situation you want to use these contactsrsquo services For example if you ask a contractor to verify repair cost on a home you should use himher for that project
The suggestions mentioned above also ap-ply to those looking to sell properties out-side their local area of expertise If you are teaming up with a local in a new area make sure you are working with someone that can answer questions experienced investors will need answered Keep in mind that just because someone tells you a property is a good deal to invest in does not mean it is
You may be marketing a property that you would normally not market Even worse you may end up selling a property that you would not have sold if you knew the market better Investors will typically follow you into another statecountry if you have been part of their success in their local market Investors should do their own due diligence but you should do your own before even marketing that deal otherwise you will lose credibility You may not only lose credibil-ity in the new market but also in your local market You can also lose money that you have out for a due diligence period andor earnest money if you discover that you con-tracted a dud Remember the importance of closing once you have a contract in place
Before venturing into a new market make sure you at least make the contacts men-tioned above Let them know your inten-tions of investing andor selling in their area soon but are currently familiarizing yourself with the market This will prevent them from thinking of you as just another window shopper Remember that if you create a win-win-win situation your success will continue to grow
Comment on this article online at httpatlantareiacomp=19041
FroM contract to closing
New TerritoriesBy Michael Vazquez
Michael Vazquez 678-951-9222MichaelPVazquezGmailcom
Michael Vazquez has been offering properties to real estate investors significantly below market value since 2006 in both Texas and Georgia
Michael is always looking to for more investors to work with
Solutions that help you Make More
Work LessUse your iPad iPhone or other mobile device anywhere tohellip
H Find comps and rental rates
H Sign and send contractsH Plan your entire rehabH and so much more
Check it out noW5 Day Trial for only $1
Make More Work LessGo To
MobileRealEstateRockstarcomAtlanta-REIA
Keep up to date with our latest opportunities by joining us on Twitter at wwwTwittercomAtlantaREIA
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 21
Atlanta Real Estate Investors Alliance bull FEB 2013
Every New Yearrsquos Day people consider what they want to ac-complish in the following year
Well we are now 30 days into 2013 and I am sure that you have reflected on 2012 What resolutions did you follow to success What results have you seen from last yearrsquos work
At the beginning of 2013 I reflected on what I considered success Like many of you I realized that I want to improve my monetary financial relationship and problem-solving skills because these lead us to success What is success in 2013 ACHIEVING MORE OF YOUR GOALS
We all know that success in our busi-ness means learning new tricks tips and techniques We must accumulate knowledge and power We must achieve a superior capacity to think and act effectively through presentations best practices and strong strategies We must have a highly competitive advantage a platinum value But how do we strengthen the skills that we MUST have
The ONLY way to achieve this is through what I call PAC Planning Accountability and Consistency
Planning
Planning means success Planning means that you will be prepared to react logically You will be able to carefully consider the market environment re-lationships and finances Planning sets you up for control of your own success
Because Irsquove been in this business for so long one of the many things I can tell you is an easy way to plan-- measure what you are doing Here is how
bull Graph your numbers once a week
bull Reflect on your graphmdashAre your ef-forts showing success
- If not change your strategy
- If so reflect on what you have done and decide how to do it even better
For example wanting to earn $200000 a year is my goaldesired outcome To do this I will work backwards from the goal to the actual steps and processes needed to allow me to achieve the goals These steps are the action plan
ONLY when we know our goals can we outline the steps to get there Only then can
we follow the steps and make adjustments
Accountability and Consistency
Do you make time for your success or do you need support to be consistently accountable to your goals your plan and yourself
This is where I come in I can coach you with your plan accountability and con-sistency PAC
Irsquod like to share some of my action steps for 2013mdashthese are examples of action steps that as your coach I can help you to create plan and execute As your coach I can help you increase your ex-pertise with goals like these by helping you to use the PAC principles
1 Increase my profitability by using my resources effectively and ef-ficiently Example Limit events tasks and time with people which donrsquot align with my goals or which canrsquot be satisfied
2 Create systems situations and op-portunities to meet and present to qualified customers Goal Meet new customers 20 of the time
3 Focus 100 on my emotional physical and mental focus What can I do
4 Debrief after events to increase my expertise
Consistent effort energy time use of resources and learning will allow me to achieve my goals It will help you toomdashif you apply PAC
With PAC and my assistance you can eliminate sabotaging behaviors and be-
hoW to Be a real estate investor
2013 A Year of Achieving Your Goals with PAC By Russ Hiner
Join us for
LATE nITE nETWoRKInGat the Meeting-After-the-MeetingWe meet at the Tilted Kilt Perimeter located 1155-B Mount Vernon Highway in Atlanta right after our Atlanta REIA Main Meeting
PERIMETERcontinued on page 23
Attend Russrsquos Creative Deal Structuring on Feb 9th at 7PM
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 22
Atlanta Real Estate Investors Alliance bull FEB 2013
Welcome back If you read Part One of this article you know that we covered the
other different types of popular real es-tate deals that most people do and the biggest problems with them these days Then we talked about how advantageous it is to do the new type of deals Whole-saling Pretty Houses
But we still have a few important things to cover so letrsquos pick up where we left offhellip
Once you agree on the deal amp terms with the seller you get all the paperwork signed amp closed at either a title compa-ny or attorneyrsquos office No exceptions Yoursquoll want that legal backup in case the seller conveniently forgets what they agreed to later
So now yoursquove got a deal under contract amp all the paperwork signed What now Simple You get it lsquosoldrsquo as an oppor-tunity to a tenant buyer who 1 Has a decent chunk of money to put down (typically $5000+minimum) and 2 Can afford the existing monthly mort-gage payments
For example letrsquos say you have a house worth $250000 The seller owes $260000 with monthly PITI payments of $1550 amp theyrsquore current The house needs little to no repair amp is in a great neighborhood where people want to live The seller just wants to walk amp realizes
that there is NO money to be made on this deal obviously
So at a glance it looks like this
ARV $250kOWE $260k PAYMENT $1550 PITI
currentREPAIRS $0ASKING $0 Just wants out (for what-
ever reason eg job x-ferloss divorce etc)
So you SELL the house on a Lease Purchase (aka lsquoRent to Ownrsquo) to a tenant buyer who falls in love with the house has at least $5000 to put down as Non-Refundable Option Consideration and can easily af-ford the $1550 monthly payments (plus utilities HOA etc obviously)
You arrange the closing at the title compa-nyattorneyrsquos office (have the tenant buyer pay their fee) and collect your check
hellipAND YOUrsquoRE DONE You are OUT of the deal from this
point forward
So what just happened And why would you WANT to be OUT of the deal after that
Good question Letrsquos recap shall we
You found amp negotiated a deal on a house with little to no equity that no one else would touch You solved the sellerrsquos prob-
lem amp they love you for it You then went amp found a tenant buyer who couldnrsquot buy a house now if their life depended on it (in most cases) and gave them an honest op-portunity to eventually buy this beautiful house in a beautiful neighborhoodhellip even if their credit is terrible
(NOTE The worse their credit is the more you should collect as a downpay-ment )
After that the tenant-buyer should just make the monthly mortgage pay-ments as rent There are a few options on how they can do this 1 Pay directly to the seller 2 Pay directly to the mortgage company 3 Pay to a 3rd-party paymentescrow company I highly suggest doing the 3rd so everyone can be sure the pay-ments are made on time There are several companies that will provide this service for you for a nominal fee ranging from $5 to $50mo Check around for more informa-tion on that
So herersquos the next big question WHY would YOU as the investor want to be DONE with the deal after that Why wouldnrsquot you want to get the deed or stay in the deal
Herersquos the answer You WOULD want to stay in the deal (and maybe get the deed)hellip IF
IF the seller has equity IF the house is go-ing UP in value Or IF the mortgage pay-
The Best Deals To Do in Real Estate in 2013 amp Beyond ndash Part 2By Tony Pearl
pearls oF WisDoM
NGaREIANorth GeorGia reia MoNthly MeetiNG
2nd Thursday of Each Month at 700 PMat the Hilton Garden Inn
Cartersville GA
See httpREIOutpostcom for more information
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 23
Atlanta Real Estate Investors Alliance bull FEB 2013
ments are LOW and the rent is HIGH Those are some great examples of why you WOULD want to remain in the deal
But IF the opposite is true you should simply collect your down payment from the seller amp assign that deal that you just lined up Wait a minute Assign the deal WHO would you assign the deal to
Irsquom smiling as I write this and hopefully you will too as you realize the obvious
You ASSIGN the deal right back to the SELLER of the house Does that make sense
When the house goes back up in value amp the tenant buyer is ready to buy guess what
Theyrsquoll buy directly from the seller And you explain all that to everyone involved in the deal
This Type Of Deal Is Tremendously Advantageous
To You When
bull Houses in that area are still declining in value
bull If the seller simply owes too much
bull Or if you just want an easy-in easy-out type of simple deal to do that still quickly puts thousands of dol-lars in your pocket without any risk or rehab
In the example above you got a check for (at least) $5000 pretty quickly and you donrsquot have to deal with the tenant-buyer or the seller ever again if you donrsquot want to In Out Paid Done Simple
Of course there are some important de-tails in the middle that you should learn If these types of deals make sense to you and you would like to learn more either ask your local REIA leader to get more information for you or drop me a line Irsquod love to help
So there you have it I believe that wholesaling pretty houses is one of the best types of deals you can be doing in 2013 amp beyond Itrsquos quick amp easy and there are plenty of deals like that out there now Best of all therersquos VERY little competition to do this For now
Hopefully your competition wonrsquot read this article
Until Next Time
Tony Pearl
Comment on this article online at httpatlantareiacomp=19037
Tony Pearl202-556-0670TonyTonyPearlcom
wwwTonyPearlcom
wwwFacebookcomTonyPearl
wwwTwittercomTheTonyPearl
wwwYoutubecomTonyPearl
Tony Pearl is an entrepreneur copywriter proud father mentor marketing consultant and talented teacher who resides in the Washington DC area He
has traveled to over 26 countries speaks 4 languages and continues to travel extensively He has been a professional Ballroom and Latin dance instructor competitor and exhibitor for over 19 years As a Real Estate Investor Tony has bought and sold over Ten Million dollars worth of real estate and has been educated by and associates with the best
Russ Hiner 404-660-4289RussRHinercom
wwwRHinercom
wwwFacebookcom1RHiner
Russ has been investing in real estate in Atlanta Georgia since 1981 His company currently controls apartment buildings and single-family properties in Georgia and
other states His focus is on raising private capital through Hedge Equity LLC
Russ invests everyday His knowledge and experience is current in the market He is capitalizing on the needs wants and desires of the customer He has a deep level of experience in building relationships with vendors investors tenants sellers and qualified buyers He has the knowledge to negotiate contracts manage rental properties and make his co-investors wealthy He enjoys taking properties which are virtually destroyed renovating them and creating a better community
come accountable Being accountable will lead to success which will give you the confidence to take responsibility for your greatness Confidence is liberating It leads to increased passion for your work With renewed passion 2013 can be your year of commitment and success With renewed energy you can follow your Plan that will lead you to Consis-tency Accountability and SUCCESS
So itrsquos 2013 You have goals
Will you use the same techniques that you did in 2012 Or will you join me and others whom Irsquove worked with in using new tools and renewed energy
What is the action step to begin plan-ning What should you do to help you remain on track
What can you do to make 2013 a differ-ent year for you a year of success
I am looking forward to meeting you and helping you on your way to a suc-cessful 2013
Comment on this article online at httpatlantareiacomp=19035
Achieving Your Goals with PAC cont from p21
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 24
Atlanta Real Estate Investors Alliance bull FEB 2013
How to Quickly Get 10 to 15 Good Rental Properties Paid For Free and Clear By Larry Harbolt
creative Financing is king
Larry Harbolt 727-420-4810LarryHarboltGmailcom
wwwLarryHarboltcom
wwwFacebookcomLarryHarbolt7
wwwTwittercomLarryHarbolt Larry Harbolt is the nationrsquos leading creative Seller Financing expert as well as a popular national real estate speaker and teacher whose time-
tested strategies and nuts and bolts teaching style has helped thousands of aspiring real estate entrepreneurs realize their financial dreams with little or no money and without the need for credit Larry has been successful creatively buying and selling real estate for over 30 years and has written numerous popular articles and real estate courses Larry also has been running a meetup group in St Petersburg FL for real estate investors for over 13 years
We are already in the second month of 2013 and I just had a conversation with one
of my students who wanted to know how to create wealth in the shortest possible pe-riod of time The following is my idea how wealth for any real estate investor can be created in the shortest period of time
Here is an example of how you can quickly achieve financial freedom and then wealth investing in real estate
For instance the first thing you need to do is buy 10 to 15 well selected income pro-ducing properties you are willing to keep long term as your retirement program and the base of your future wealth I personally love the thought of someone else having to go to work every day to earn money they give me in the form of rent each month that pays for my properties without me having to have a job or have to go to work every day Then once you have bought your 10 to 15 keeper rental houses in good neighborhoods with tenants who are pay-ing on time every month letrsquos say $1000 each month of which $520 goes for the monthly loan payment and after monthly expenses of property taxes property insur-ance a maintenance fund and a vacancy fund leaves you from the $1000 gross rent approximately $150 each month to put into your pocket Letrsquos say for each of your keeper rental properties you paid $88000 with very little money down and were able to get seller financing terms for 30 years
Then once you get those 10 to 15 houses free and clear with no debt each month you get to keep the entire $1000 from each house (less taxes and insurance and main-tenance costs) leaving you about $600 to $650 from each house each month Ten houses at $600 each equals $600000 each month paid directly to you to pay your bills Some of you might need 15
houses to achieve your goals If you have 15 houses x $600 net each month will give you $9000 per month income to cover your monthly expenses Once you have that much coming in each month you will have financial freedom but not yet wealth Wealth comes over time Let me show you how to get your properties free and clear in the shortest period of time
Getting Your 10 to 15 Houses Free and Clear In a Short
Period of Time
After you have your base of 10 to 15 houses bought then each year go out and buy an additional 10 to 15 houses The additional 10 to 15 houses you buy each year can be rehabbed and then sold If you were to take all of the profits from the sale of each of the additional 10 to 15 houses (after paying the taxes) and use the money you have left to pay off one or two of the loans on the houses you plan to keep and you did this over and over for a few years your base of rental properties would soon be com-pletely paid for and you would then have enough income coming in each month to be financially free
This is definitely a plausible and possible plan to become financially free in the short-est period of time Once you have done this you will then have more time and money to continue to buy even more houses sim-ply because you will have enough income each month coming in so you donrsquot have to go to a job you hate every day
Once all of your base of income produc-ing properties are completely paid for and are free and clear you will probably truly be a millionaire If you have 15 properties valued at $80000 that are free and clear your net worth will be $80000 X 15 = $1200000 Now you are wealthy
You Must Have a Wealth Building Strategy to Be
Successful
This is how true wealth is created over time People who only wholesale property for a living are not true investors -- they really have a job When a wholesaler buys a property and then passes it on to another person and they get paid a fee that money will be quickly spent and they then have to go out and find another property to whole-sale again so they can get another fee To me thatrsquos a job and I donrsquot want another job I want financial success
If you plan to be a successful real estate in-vestor and create the wealth you want it is going to be very important that you are able to recognize opportunity when it pres-ents itself It took me nearly 25 years to figure this out for myself and that is why I am sharing this information with you now so you can more quickly achieve financial freedom and your eventual wealth
Comment on this article online at httpatlantareiacomp=19032
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
Atlanta Real Estate Investors Alliance bull FEB 2013
Join our Mobile Real Estate Investor VIP ListJust text ATLAnTA to 404-996-1099Standard text message rates apply
Follow us online from your mobile phone at httpAtlantaREIAcom httpFacebookcomAtlantaREIA httpTwittercomAtlantaREIA httpYoutubecomAtlantaREIA httpMeetupcomAtlantaREIA
Want to stay plugged in and connected to Atlanta REIA from
your mobile device
Subscribe to The Profit Newsletter amp Email list at httpSubscribeAtlantaREIAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
For a Limited Time
Wersquore Sharing our Design Firm with our Advertisers
GROW YOUR BUSINESS TODAY placing an ad in The Profit and our design firm River City Consulting will design your ad for FREE Wersquoll also provide you with the digital file to use online and to have printed to use as promotional flyersMinimum 3-month Obligation
When yoursquore ready to get started call Christine Griffin at 678-701-7160 or email adminatlantareiacom
SEE THEIR WORK IN amp ON
AAttllaannttaa RREEIIAA MMeemmbbeerrsshhiipp AApppplliiccaattiioonn Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560
Atlanta REIA Use Only Member ____________ Exp Date ____________ ID Card Printed Sent _________
Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560 rev 1282011
Membership Plans - Choose a Membership Plan
Silver Membership for Individual $100year
Silver Membership for Couple $150year
Gold Membership for Individual $300year
Gold Membership for Couple $300year
Applicant Information - Please print clearly
Applicant 1 Applicant 2
Address
Phone 1 Phone 2
Email 1 Email 2
Sponsor (if applicable)
Payment Information - Please print clearly
Name on Card Total Amount $
Billing Address
Card Type Visa Master Card Discover American Express
Card Number Expiration Date Code
Terms of Sale Disclaimer amp Release The undersigned Applicant(s) hereafter called the Applicant understands and acknowledges that membership in the Atlanta Real Estate Investor Alliance hereafter called Atlanta REIA absolutely does NOT entitle nor make Applicant a legal member of Atlanta REIA LLC the company Applicant acknowledges that Atlanta REIA does not render legal tax economic or investment advice All programs are provided with the understanding that Atlanta REIA is not engaged in rendering legal tax or other professional services If legal tax or other expert assistance is required the services of a competent professional should be sought Atlanta REIA does not investigate its members nor vouch for nor make representation as to the honesty integrity reliability motives andor resources of its members officers directors employees agents and or contractors The Applicant in consideration for hisher acceptance as a member of Atlanta REIA hereby releases discharges and agrees to indemnify Atlanta REIA its officers directors members employees agents andor contractors from any liabilities now accrued or which may hereafter accrue from their actions inactions or communications made by Atlanta REIA andor officers directors members employees agents andor contractors in or through their respective capacities with Atlanta REIA Applicant agrees to comply with the terms and conditions described herein the Code of Ethics and any other terms described on our website at AtlantaREIAcom as well as any other Atlanta REIA rules and regulations Applicant agrees and acknowledges that Atlanta REIA may enforce these codes terms rules and regulations at its sole and absolute discretion and may terminate this membership at any time for any reason whatsoever Applicant grants to Atlanta REIA its representatives and employees the right to take photographs video or audio of Applicant and Applicants property Applicant authorizes Atlanta REIA its assigns and transferees to copyright use and publish the same in print andor electronically Applicant agrees that Atlanta REIA may use such photographs video and audio of Applicant with or without Applicants name and for any lawful purpose including but not limited to publicity illustration advertising and web content Applicant grants permission to Atlanta REIA to contact Applicant regarding membership and related business by phone fax email text message chat programs social networking automated voice broadcast dialers or any other means necessary By completing this application Applicant agrees to give Atlanta REIA permission to bill the credit card above for the membership plan selected above Applicant acknowledges and agrees that the term of membership is one (1) year and that billing for membership will be automatically renewed for one (1) year upon expiration at the then current membership rate and that the appropriate charges be applied to Applicants credit card on file Should Applicant decide to cancel membership a written notice of cancellation must be emailed faxed or sent via postal email to Atlanta REIA at the address email or fax below thirty (30) days prior to the next billing or renewal period Atlanta REIA must acknowledge receipt of this written cancellation notice for it to be valid Membership dues are NON-REFUNDABLE for any reason whatsoever Applicant promises NOT to initiate any refunds or credit card charge backs for these membership dues and related charges at any time Applicant agrees that Atlanta REIA may change the terms of this Agreement or its membership dues at any time by posting such changes to our website at AtlantaREIAcom By continuing membership Applicant agrees to be bound by such changes Applicant will send all written notifications to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 Fax 770-216-1560 Email noticesatlantareiacom With my signature I accept the Terms of Sale Disclaimer amp Release and I authorize Atlanta REIA LLC to charge my credit card for the membership plan above as well as total recurring amount shown I further acknowledge that these membership dues are non-refundable
Applicant 1 (sign) Applicant 2 (sign)
(print) (print)
Date Date
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 27
Atlanta Real Estate Investors Alliance bull FEB 2013
Atlanta REIA Meetings CalendarhttpAtlantaREIAcomMeetings
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
3rd Wednesday of Each MonthLate Nite Networking Buford900 PM ndash Late NiteTilted Kilt 3480 Financial Center Pkwy M1080 Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
3rd Thursday of Each MonthSavannah REIA630 PM ndash 900 PMGallery Espresso234 Bull St Savannah GALeader Aislee Jacksonhttpsavannahreiacom
4th Monday of Each MonthAtlanta REIA West Meeting630 PM ndash 900 PMCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Monday of Each MonthLate Nite Networking Marietta900 PM ndash CloseCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Tuesday of Each MonthNote Buyer Group Meeting630 PM ndash 830 PM Olive Garden 2467 Cobb Parkway SE Smyrna GALeader Tom Boyerhttpnbgatlantareiacom
4th Thursday (Once Per Quarter)Beginning Investors Group Meeting (BIG)630 PM ndash 900 PMChef Robrsquos Caribbean Cafe 5920 Roswell Rd NE A117 Sandy Springs GALeader Alan McDonaldhttpbigatlantareiacom
4th Thursday of Each MonthCash Cows Commercial Group1130 AM ndash 100 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GAhttpcashcowsatlantareiacom
Meets at Various Times Each MonthCash Flow Players Group MeetingTo Be AnnouncedSecrets Factory 2030 Powers Ferry Rd SE 440 Atlanta GALeader Alan McDonaldhttpcashflowatlantareiacom
2nd Wednesday of Each MonthSpanish Investors Networking Group (SING)630 PM ndash 830 PMTaco Depot 4788 Sugarloaf Pkwy 107 Lawrenceville GALeader Michael Vazquezhttpsingatlantareiacom
2nd Wednesday of Each MonthI Love Marketing Group700 PM ndash 900 PMSocial Vinings 3621 Vinings Slope SE Atlanta GALeader Rock Shukoorhttpilmatlantareiacom
2nd Thursday of Each MonthAtlanta REIA South Meeting630 PM ndash 830 PMGiovannarsquos Italian Kitchen 1375 Virginia Ave East Point GALeader Reggie Jackson amp Gordon Cattshttpsouthatlantareiacom
2nd Thursday of Each MonthNorth Georgia REIA700pm - 900pmHilton Garden Inn Cartersville 24 Liberty Drive Cartersville GALeaders Bill amp Kim Cookhttpreioutpostcom
2nd Thursday (Once Per Quarter)Small Business Group (SBG)330 PM ndash 530 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Karen Bershadhttpsbgatlantareiacom
3rd Monday of Each MonthMovers amp Shakers Lunch Meeting1100 AM ndash 130 PM5 Seasons Brewing3655 Old Milton Parkway Alpharetta GALeader Gordon Cattshttpmoversandshakersatlantareiacom
3rd Tuesday of Each MonthGwinnett County Group (The Fish Club)700 PM ndash 900 PMRed Lobster2055 Pleasant Hill Rd Duluth GALeader Aaron McGinnishttpfishclubatlantareiacom
3rd Wednesday of Each MonthAtlanta REIA North Meeting630 PM ndash 830 PM1960 Skylar Hill Dr Suite D Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
February 4th 2013Atlanta REIA Main Meeting530 PM ndash 900 PM Crowne Plaza Ravinia Hotel4355 Ashford Dunwoody Atlanta GA Leader Dustin Griffinhttpmainatlantareiacom
1st Monday of Each MonthLate Nite Networking Dunwoody930 PM ndash Late NiteTilted Kilt 1155-B Mount Vernon Hwy Atlanta GALeader Lee Buddenhttpmainatlantareiacom
1st Monday (Once Per Quarter)Mobile Real Estate Rockstars Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Don DeRosahttprockstarsatlantareiacom
1st Monday (Once Per Quarter) Short Sale amp Foreclosure Group300 PM ndash 530 PMTotal Wine amp More124 Perimeter Center W Atlanta GALeader Bob Masseyhttpssfatlantareiacom
1st Monday (Once Per Quarter)Active Investors Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Gordon Catts
1st Tuesday of Each MonthMountain REIA630 PM ndash 900 PMGolden Corral 2025 Market Place Blvd Cumming GALeader Gordon Cattshttpmountainreiacom
1st Wednesday of Each MonthCreative Deal Structuring Group (CDS)700 PM ndash 900 PMWhitehall Tavern 2391 Peachtree Rd NE Atlanta GALeader Russ Hinerhttpcdsatlantareiacom
Every Thursday (Except Major Holidays)Have amp Wants Meeting130 PM - 330 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Joe Thompsonhttphavesandwantsatlantareiacom
Next Meeting March 28th
Next Game on Sat Feb 9th
Meets Monday Feb 4th
ATLANTA REIA CALENDAR OF EVENTSFEBRUARY 2013
SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
Movers amp Shakers1100am - 130pm
Gwinnett County Group (The Fish Club) 700pm ndash 900pm
I Love Marketing Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pm
Mountain REIA630pm ndash 900pm
Atlanta REIA MAIN MEETING with Bill Cook
530pm ndash 900pmMobile Real Estate Rockstars Group 300-500pm
Creative DealStructuring Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pmAtlanta REIA South Meeting630pm ndash 830pmNorth Georgia REIA700pm - 900pm
NEWSLETTER dESigN PRovidEd by
SNEAK PEEK FOR MARCHMAR 4 ATLANTA REIA MEETING
APR 1 ATLANTA REIA MEETING WITH JAY CONNER
APR 27 FULL DAY WORKSHOP WITH JAY CONNER amp RON LEGRAND
Haves amp Wants Meeting130pm - 330pm
Cash Cows Commercial Group1130am - 100pmHaves amp Wants Meeting130pm - 330pm
Atlanta REIA West Meeting630pm ndash 900pmLate Nite Networking Marietta900 PM ndash Close
Note Buyer Group Meeting 6300pm ndash 830pm
Atlanta REIA North Meeting630pm-830pmLate Nite Networking Buford900pm - Late
Grow Your Wealth With The Financial
Calculator Workshopwith Bill amp Kim Cook
900am - 500pmCartersville GA
Wealth Building Using Self-
Directed IRAswith Dyches Boddiford amp
Pete FortunatoAtlanta GA
- FB
- YT
- MU
- Button 34
- Button 72
Main Monthly Meeting
MEETInG AGEnDA300 pm Meeting Before the
Meeting with Don DeRosa
500 pm Vendor amp Event Setup
530 pm Vendor Trade Show amp Networking
615 pm Announcements + Haves amp Wants Speed Marketing Session
715 pm Networking Break
730 pm ldquoEarning Mailbox Moneyrdquo with Bill Cook
930 pm Late Nite Networking at the Tilted Kilt Perimeter
Please Note Meeting agenda is subject to change
ldquoEarning Mail Box Moneyrdquo with Bill CookAtlanta REIA is very excited to announce that local real estate investing expert and leader of North Georgia REIA Bill Cook will be speaking at our Atlanta REIA Main Meeting on February 4th at the Crowne Plaza Ravinia in Atlanta which starts at 530 PM
Bill Cook and his wife Kim have been investing in real estate in Georgia for over 18 years They own a fair number of single-family rental homes they flip houses plus they do a lot of note and option deals But the one unique thing they do that gives them the highest yields on their investment dollars and jam packs their mailbox with money is their mobile home investmentshellip thatrsquos right they buy ugly used trailers
For example they buy a used mobile home in a mobile home park for around $3000 do a quick clean up and fix up then sell it for $9000 with $500 down at 18 interest with payments of around $275 per month for around 4 years The results of this simple deal are eye-popping They quickly turn $3000 into $12000 while getting a yield of around 100 Try matching these results with ANY other type of real estate investing vehicle And herersquos the best part you donrsquot need a lot of money and there is very little competition
Join us at our February meeting if you want to see real-world examples - including pictures and paperwork - of what Bill and Kim do to earn their mailbox money and how they do it There is no fluffhellip it will be all meat and potatoes
At Februaryrsquos meeting Bill will be answering the following questions
bull Why do Lonnie Deals
bull What is a Lonnie Deal and how does it work
bull How do you find the right mobile homes to buy
bull Which mobile home deals should you avoid
bull How to work with park owners
bull How to find sellers
bull How to buy a ldquotrailerrdquo
bull How to sell a ldquomobile homerdquo
bull What to do if the buyer doesnrsquot pay you
bull When is the best time to do Lonnie Deals
bull Examples of real deals that Bill and Kim have done
bull And much more
Come spend the evening with Bill on February 4th and let him teach you how to earn all the mailbox money you can handle in 2013
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 5
Atlanta REIA Main Monthly Meeting
February 4th
Valid Until
112015
Member No
1234
Your NameGold Business Member
Crowne Plaza Ravinia Hotel4355 Ashford Dunwoody
Atlanta GA
Atlanta REIA Members can attend for FREE non-Members amp Guests Can RSVP online at
httpRSVPAtlantaREIAcom for $15 or Pay $20 at the Door
Bill Cook
Bring your biz cards amp flyers
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 6
Atlanta Real Estate Investors Alliance bull FEB 2013
Fast track to selF-DirecteD ira investing
Blue Collar Genius DefinedA Blue Collar Genius is all of us who have mastered our craft with hard work diligence taking action creating experience making mistakes and most importantly never giving up
Thatrsquos a blue collar genius by my definition How many times have you said Irsquom smarter than he is but hersquos driving the big Cadillac and yoursquore driving the little economy car How could that guy ever make any money
Perspiration Inspiration and Blue Collar GeniusrsquoThomas Edison said ldquoGenius is 90 perspiration and 10 inspirationrdquo
The Top Real Estate IRA Investors Know Lack of Knowledge = FearHow many people do you know that have been to every seminar they know more about real estate IRA investing than anybody yoursquove ever talked to and when you ask them ldquohow many deals have you donerdquo they say ldquoWell Irsquom still working on my first dealrdquo You ask ldquoHow long have you been a member of the grouprdquo Yoursquore not shocked when they respond ldquoAbout eight or nine years but Irsquom lookingrdquo
Knowledge is wonderful but you have to actually use it
Mistakes the Top Real Estate IRA Investors Avoid1 You listen to the wrong people
starting with your family and close friends Familiarity breeds contempt or lack of faith Your family or friends have a different perception of you because they fail to see you for what you have become and remember you from your past
2 Believing or setting limitations
3 Accepting the status quo
4 A lack of awareness of a subject you want to master
5 Lack of exposure Learn what you do not know
6 Not enough research training andor education
7 Accepting the first answer Learn to ask questions to the fifth level
Top Real Estate IRA Investors Ask Questions to the Fifth Level1 What is your business relationship
Do you own property and businesses together
2 Are you married to your cousin
3 Have you adopted your cousin You cannot do loans to your children your wife or your cousin I said that on purpose by the way
4 Is the cousin married to your son or daughter
5 Is your cousin your guardian of an IRA beneficiary
6 Is your cousin an attorney CPA or financial planner who provides services to your self-directed IRA and has or does receive compensation
If a realtor says itrsquos a great area go out there at 600 am and find out Check the crime statistics Now yoursquore moving forward You will be a blue collar genius Itrsquos simple when you know more than other folks you have an edge and are an expert
If you followed my point here then you know that the questions I showed here had nothing to do with lsquocousinsrsquo but rather were to illustrate my point that you should not accept the final verdict until you are comfortable Once you get the answers three or four times with consistency then you can assume that itrsquos probably correct How many times have you gone to an attorney and one attorney says one thing and another attorney says something else One CPA says one thing and another CPA says something else
How are you going to make an informed decision until you can get a consensus Someday you just have to sit down and say ldquoItrsquos a business decision and Irsquom going to make itrdquo
For more information or to explore your options call American IRA today at 866-7500-IRA (472) We look forward to working with you
Comment on this article online at httpatlantareiacomp=19005
Learn How to Be a Blue Collar GeniusJim Hitt CEO of American IRA LLC
Jim Hitt800-750-0472JimHittAmericanIRAcom
wwwAmericanIRAcom
wwwFacebookcomAmericanIRA
wwwTwittercomIRAExpert
Jim Hitt is the Chief Executive Officer of American IRA LLC and has been committed to all aspects of investing for more
than 30 years using selfdirected IRAs for his own investments since 1982 Jimrsquos forte is the financing and acquisition of real estate private offerings mortgage lending businesses joint ventures partnerships and limited liability companies using creative techniques
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 7
Atlanta Real Estate Investors Alliance bull FEB 2013
Atlanta REIA Member Benefits
bull AtlantaREIAcom Website Blog and Member Only Area
bull Affordable High Quality Educational Workshops amp Seminars
bull Fun Frequent Networking Opportunities
bull Weekly Special Interest Groups Meet Around Town
bull Lunch amp Learn Subgroup Meetings
bull Wine amp Dine Subgroup Dinner Meetings
bull Atlanta REIA Main Monthly Meeting amp Vendor Tradeshow
bull Learn From Home on Our Monthly Webcast Series
bull Members Can Watch Webcast Replays 247365 on AtlantaREIAcom
bull Atlanta REIA Subchapter Meetings
bull Community Outreach Programs
bull Haves amp Wants Speed Marketing Session and Weekly Meeting
bull Monthly Atlanta REIA ldquoThe Profitrdquo Interactive eNewsletter
bull Weekly Atlanta REIA Email Announcements Articles amp News
bull Volunteer Opportunities
bull Member Discounts on Workshops
bull Member Discounts from Local amp National Vendors
bull And much much more
Atlanta REIA Member Discounts
bull Lowersquos ndash Save up to 7 to22
bull Sherwin Williams Paint ndash Save 30 to 40
bull Sherwin William Flooring ndash Save on Carpet Vinyl Delivery and Installation
bull Sears Commercial ndash Save 4-15 on all Appliances
bull Nu-Set ndash Save on Locksets door hardware security amp lock boxes
bull Build-A-Sign ndash Save 15 on Signs Banners and Magnetics and other products and get Free Delivery on all orders
bull And much much more
Join Atlanta REIA TodayhttpAtlantaREIAcomMembershipBecome a Member of Atlanta REIA for as little as $100year Businesses can join for as little as $150year See our Membership Application in this issue of The Profit or visit
httpAtlantaREIAcomMembership
real estate raW
Have you ever thought about get-ting into the multifamily busi-ness Itrsquos not easy and itrsquos not
for everyone but if you have what it takes I can show you how I created Real Estate Raw to pull back the curtain on the com-mercial multifamily business I have sur-vived the down turn of the economy and quite frankly I donrsquot want to go through that again Do you
How many real estate seminars have you sat through to only find that it was one big SALES PITCH Starting a business armed only with sales pitches is never a good thing In this 5 part series I will be teaching you the ldquoreal siderdquo of the real estate business
Notice I keep saying real estate ldquobusinessrdquo That is one of the first lessons that most people get wrong when starting out in real estate Let me clarify this for you
An investor is someone who is sitting around with cash that they need to get a return on If you have all the cash you need to buy real estate withhellipthen you are an investor If you are trying to create wealth in real estate (not spend it) then you will need to raise money and possibly qualify for some loanshellipyou are not an investor you are a real estate entrepreneur
I make this distinction because most people get started in the real estate business with the wrong mindset and that leads to early frustration If you are not already wealthy and looking to put cash into a property for a return then as an entrepreneur you will be building a real estate business
Now that we have that clear you need to be prepared for all that being an entrepre-neur includes This will mean hard work work that you wonrsquot always get paid for You will need to create about 10-15 hours a week to begin with Keep in mind that the majority of this time will need to be
between 9am-5pm Monday through Fri-day This is when all the agents brokers and most sellers are available and you will need to be too
I understand that this may seem like a lot of time to someone who has a family and a job and you may not have a ton of time dur-ing the work week to dedicate to your new business Find it The one thing I tell my students is ldquothe closing table doesnrsquot carehellipyou get there or you donrsquotrdquo The world is full of people who wanted to be success-fulhellip but just couldnrsquot make it That is real estate and this is Real Estate Raw
The one thing I promise you is the truth and that I will keep it REAL
In the next 4 sections I will be teaching you what to fill those 15 hours a week with such as how to get deals funded with creative financing making creative offers and creating wealth by solving real estate problems
Comment on this article online at httpatlantareiacomp=19044
Getting Started in MultifamilyPart 1 of a 5 Part SeriesBill Ham
Bill Ham478-718-0993BillPhoenixResGroupcom
wwwLinkedIncomInBillHam1
Bill Ham has been in real estate for 8 years and has created a portfolio of nearly 400 units in Macon GA using creative and seller financing
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 8
Atlanta Real Estate Investors Alliance bull FEB 2013
I n my last article I explained that there are two approaches investors can take to determine whether or
not a lender has been negligent or com-mitted fraud The first approach I de-scribed is to look through the paper trail to dig up issues The second approach is to follow the money
Not many people truly understand how the mortgage and finance industries work Itrsquos basically a shell game with them mov-ing money around with little regard as to the laws and regulations that govern how banks are supposed to act
They play this constant game all suppos-edly in the name of increasing the money supply Attorney Neil Garfield describes the process as the bank starting out with $100 in the left pocket and taking $10 out to deposit in the right pocket but still re-porting to the SEC and investors that the full $100 is still in the left pocket When the next $10 comes out described as trad-ing profits or a fee the amount in the left pocket is still reported as $100 rather than the $80 that is actually there
This is just an example of how the fi-nancial transactions that represent the mortgaging of a home rarely take place the way the homeowner or the lenderrsquos investors think To really know what is taking place investigators must follow the money as well as the paper trail The note mortgage HUD-1 and other docu-mentation connected with any given loan most likely do not reflect what actually happened to the funds As a result some argue that these documents are null and void The name of the real funder of the transaction rarely appears on these docu-ments The financial transaction occurred
with different terms and with a different party than are included on the note and other closing documents The instruc-tions to the closing agent generally come from a stranger to the transaction with instructions that any excess payment be refunded to that stranger
If the loan originator were the real payee then any wiring instructions should include terms such as ldquofor the benefit of [the name of that payee]rdquo That rarely happens The source of funds should also be included in the pooling and servicing agreement given to the investors of the mortgage-backed security pool That never happens either There is never any reference between the money chain that is represented by the wiring instructions and the documentation chain represented by the note mortgage and HUD-1
According to Garfield ldquoIt was this split between the money trail and the docu-ment trail that enabled the banks to create a long term gap during which they could trade lsquoownershiprsquo of the loan before mak-ing any attempt to deliver the loan to the investors who had advanced the fundsrdquo
To make matters even more confused the pretender lenders hedged insurance policies called credit default swaps against the potential loss of mortgage income due to default What they failed to reveal to investors was that the investment banks themselves were the ones being protected not the original investors who all had com-mingled funds in undifferentiated pools
The mortgage losses on the books of the banks also caused these same banks to get huge federal bailouts even though they had already been paid off for their losses
through credit default swaps
By following the money investigators can spot one falsehood after another showing how the investment banks cov-ered their assets while leaving distressed homeowners and the original investors to hang out to dry
Combining the method of following the money with digging up the paper trail be-hind a mortgage we now have a way to force the banks to negotiate on our terms Not only are we able to use this informa-tion to help underwater homeowners get out from under their homes with no short sale no deficiency and no coming out of pocket but we are able to pick up pretty houses at incredibly low prices
For more information on how you can get involved in helping underwater homeown-ers while doing some awesome deals give my office a call at 706-485-0162
Comment on this article online at httpatlantareiacomp=19049
Proving Lender Negligence and Fraud Part 2 Follow the Money By Bob Massey
Bob Massey706-485-0162infoREWealthCoachcom
wwwREWealthCoachcom
wwwFacebookcomBobMasseyOfficial
Bob Massey is a recovering corporate executive who is now living the dream running his own real successful estate investing business and
teaching others how to do the same In the process he has become the nationrsquos leading educator on the foreclosure investing the foreclosure process
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 9
Atlanta Real Estate Investors Alliance bull FEB 2013
Yoursquore driving your Uncle Bugsy to the doctor when you spot a ldquofor sale by ownerrdquo sign in
front of a nice little brick house Yoursquore already running late but yoursquove been watching this house ndash itrsquos got a big blue tarp draped over the roof ndash for a couple of months now Yoursquove got no pen and paper and you wonrsquot have time to stop later Sure you can snap a picture with your cellphone but yoursquod really like to take some notes too
Unfortunately Uncle Bugsy isnrsquot known for his patience so yoursquore only going to have about a minute before he starts com-plaining about how inconsiderate kids are nowadays
What should you do
If you have an iPad the solution is a great little app called CaptureNotes Capture-Notes might look like just another note-taking application but itrsquos not Yes it lets you do all the usual note-taking things create notes choose the type of paper and ink color and doodle and scribble on a touch screen So far itrsquos pretty ordinary
But there are three other things Capture-Notes does that make it really useful for us asreal estate investors
First it has some pretty sophisticated bells and whistles You can add photographs andrecord audio while yoursquore taking notes
(say in a seminar or while yoursquore inspect-ing a house) And then you can draw or write on the picture The app also uses searchable customizable color-coded flags as reminders (red for ldquoto dordquo for example or green for ldquoresearch neededrdquo) Those flags can even be used to tag a specific mo-ment in the audio
Second it allows you to import PDF files and use them as templates This is a great way to create standardized forms for spe-cific uses As an investor I find that this kind of streamlining is a big part of my success ndash it allows me to spend more time on buying and selling properties which is where the money is
Finally CaptureNotes provides a pretty painless way to back up your new files simply by uploading them to Dropbox or iTunes
Let me say something here about backing up your files If you arenrsquot already back-ing up please start Irsquove learned the hard way that itrsquos not a matter of IF your com-puter is going to crash Itrsquos a matter of WHEN And itrsquos a pretty safe bet that itrsquoll go dead at the worst possible time Please back it up
So picture it with the clock ticking (Un-cle Bugsy is waiting after all) you start a new notebook Then you jump out of the car and take pictures of the FSBO sign and various shots of the house Now add
those pictures to your note and then circle things on the picture of the house that might be problematic Go crazy and draw lots of arrows and circles Then flag some-thing just for the heck of it Between the flags and the ability to write and highlight in different colors yoursquoll have an exciting dynamic note thatrsquos definitely useful and darned near artistic
And thatrsquos a beautiful thing
Comment on this article online at httpatlantareiacomp=18998
Don DeRosainfoDonDeRosacom
wwwMobileRealEstateRockstarcomAtlanta-REIA
wwwFacebookcomDonDeRosa
wwwTwittercomDonDeRosa
Don DeRosa was recognized as one of the nationrsquos top 21 real estate investors in the New York Times bestseller The Millionaire Real Estate
Investor Don who is a full-time investor trainer and mentor is the first to offer his complete investing system on a mobile platform Don teaches investors how to Make More and Work Less by being more efficient productive and competitive leveraging mobile technology and apps on the iPad iPhone Android and other mobile devices
therersquos an app For that
CaptureNotes Your Life Color-Coded By Don DeRosa
ldquoIrsquom known for my handwritten notesrdquo ~ Pamela Anderson
wwwYouTubecomAtlantaREIA
Keep up to date with our latest videos by subscribing to our YouTube Channel
Attend Donrsquos Mobile Real Estate Rockstars Group on Feb 4th at 3PM
wwwTwittercomAtlantaREIAKeep up to date with our latest opportunities by joining us on Twitter
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 10
Atlanta Real Estate Investors Alliance bull FEB 2013
Marketing Magic tricks
By remembering just a few basics you as a Real Estate Investor can quickly determine whether or not
a seller is motivated to sell their prop-erty First of all a motivated seller will ask questions like ldquohow soon can you buy my houserdquo or ldquoHow can you help me get out of this situationrdquo or ldquoHow soon can you get hererdquo An experienced Real Estate Investor knows these are re-ally good questions for a seller to ask
There are two types of houses we are go-ing to buy either pretty houses or ugly houses and there are motivated sellers in both of these categories When you are marketing to sellers there are certain types of sellers who are much more likely to have a house they need to sell
For example I personally like working with out of state owners (folks who own a property where you live but donrsquot live there full time) heirs divorces vacant houses estate and probate properties military transfers and pre-foreclosures These sellers are much more likely to have a house they need to sell ldquoright nowrdquo and thatrsquos the kind of seller you want to work with As a Real Estate In-vestor you may also run into landlords who are fed up with tenants ruining their properties over and over These are all good sources of motivated sellers Most of these sellers are folks who donrsquot live in these properties
Okay so how are you the Real Estate Investor going to identify a motivated
seller First of all donrsquot be afraid to ask questions This is a basic truth in the real estate investing business The more will-ing a seller is to answer whatever ques-tions you ask the more motivated they are Never be afraid to ask ldquoIs that the least you would takerdquo You might be re-ally surprised at the answer to this ques-tion especially if you are dealing with a motivated seller
For example I recently worked with a seller who was asking $205000 for a property in good condition worth $275000 This seller was already mo-tivated but I ended up paying only $180000 for this property simply be-cause she asked if they would accept a lower price So be willing to ask ques-tions and know that the more willing a seller is to answer them the better deal you will make This is going to be very crucial to the success of your real estate investing business and the amount of profit you make on your deals
Another basic truth is that the more equity there is in a property the bet-ter a deal you are likely to make espe-cially if the house needs repairs Usually if there is a lot of equity and the sellers have owned the home for a long time or if they have just inherited it the more likely they are to let you have a large chunk of that equity for your profit
If there is very little equity in the prop-erty you are much less likely to be able to create a good deal unless the property
owner is simply willing to deed you the property for the balance of the mortgage and walk away As a seasoned Real Es-tate Investor I can personally tell you this absolutely happens So donrsquot be afraid to ask the question ldquoAre you will-ing to sell for what you owerdquo If they say yes you are dealing with a motivated seller who is likely to deed you the prop-erty for the balance of their mortgage which not only will lead to a good profit
Pre-Screening Sellers For Your Real Estate Investing Business ndash Part 2By Kathy Kennebrook The Marketing Magic Lady
Domain Names for just
$199
for first year with new non-domain purchase
httpSuperSmartDomainscombull Domain Names
bull Web amp Wordpress Hostingbull Email amp Exchange Accounts
bull SSL Certificatesbull Marketing Toolsbull and much more
Certain terms and conditions do apply See website for details
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 11
Atlanta Real Estate Investors Alliance bull FEB 2013
+ Voicemail+ Virtual Faxing
+ 24-7 Live Operators+ Online Management
Only
$30per month
Be sure to ask for the REIA discount
Or visit us on the web at
QualityAnsweringServicecomAtlantaREIA
877-774-1717
LIVE ANSWERING SERVICE
30MINUTES
Join us for Education amp networking at the Meeting-Before-the-Meeting each monthWe meet at the Total Wine amp More located at 124 Perimeter Center W
in Atlanta at 300pm before our Atlanta REIA Main Meeting
PERIMETER
wwwYouTubecomAtlantaREIA
Keep up to date with our latest videos by subscribing to our
YouTube Channel
for you but you donrsquot have to worry about where the money is coming from to fund your deal
Another truth is that the uglier the house the more motivated the seller is likely to be If you arenrsquot getting your offers accepted on ugly houses that you can quickly wholesale you arenrsquot target-ing the right kind of junker properties Ask any Real Estate Investor who has been in the business for awhile and they will tell you there is a fortune to be made in ugly houses The more difficult it is to find this type of seller the better deal you are going to make
Another situation that arises fairly often in todayrsquos market and creates motivated sellers is a simple one for you to spot If a seller is behind on payments this is definitely going to be a motivated seller If a motivated seller is behind on pay-ments and they have a lot of equity this is an opportunity for you to make a re-ally good deal You as a Real Estate In-vestor just have to learn to use a script to ask the right questions to determine if a seller is motivated and what kind of deal you are going to make with them Itrsquos not magic it just takes a little nego-tiation and a few questions to pre-screen sellers and create some really good deals
Just remember this the seller is either in or they are out donrsquot waste your time chasing dead deals If you follow this simple rule you will make a lot of mon-ey in your real estate investing business
For more information on pre-screening sellers locating motivated sellers and buyers and exit strategies visit Kathy Kennebrookrsquos website at wwwmarket-ingmagicladycom
Comment on this article online at httpatlantareiacomp=19027
Kathy Kennebrook941-792-5390KPaddlerATTnet
wwwMarketingMagicLadycom
wwwFacebookcomKathyKennebrook
Kathy Kennebrook is a speaker author and has been actively investing in real estate since 1999 Kathy currently resides in Bradenton FL and is known as the Marketing
Magic Lady because she is the countryrsquos leading real estate marketing expert on finding motivated sellers using direct mail
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 12
Atlanta Real Estate Investors Alliance bull FEB 2013
housing Second therersquos not much competition Folks wanting to buy a trailer are forced to pay all cash ndash cash they donrsquot have ndash because banks wonrsquot lend on used mobile homes in a park At the same time very few sellers offer owner financing If you buy for cash and then sell on time yoursquore offering a very unique ndash and profitable ndash service Third every month you receive mailbox money that is taxed as portfolio income ndash which means these earnings arenrsquot getting hit with Social Security or Medicare Taxes
There are also a couple of disadvantages First you must remember that park owners are all-powerful Donrsquot do a deal in a park unless you and the park owner have a clear meeting of the minds Second some of the buyers you work with can be pretty interesting Itrsquos shocking how many are 100 healthy but still get monthly disability checks These are your tax dollars at work folks
A few weeks back I partnered with my buddy Houston Long on my most recent Lonnie Deal He is a long-time
friend and fellow investor I put up the deal and the purchase money Houston agreed to be responsible for the rehab marketing and selling After Irsquove been repaid my purchase money we will split all profits 50-50
The trailer is a nice three-bedroom two-bath doublewide in a park in Acworth Georgia The seller was asking $12000 She agreed to our $5500 offer that included the following purchase terms Wersquod give her $3000 cash down if shersquod accept an unsecured note for the $2500 balance with payments of $100 per month at 0 interest for 25 months
A few weeks later Houston sold this home with owner financing for $17500 with the following sale terms $2000 down payments of $250 per month at 14 interest for 114 months
Including our expenses (about $2000) our yield on this deal was 39 When it came time to make our first $100 monthly payment to the seller we offered her $895 cash in exchange for our $2500 note She quickly accepted our offer Shorting our note from $2500
down to $895 lowered our purchase price from $5500 down to $3895 and increased our yield from 39 up to 5038
Over the years Kim and I have done a wide variety of creative deal structures Our favorite ndash and it happens to offer the highest yields ndash is Lonnie Deals
Comment on this article online at httpatlantareiacomp=19069
continued from page 1
Bill Cook 727-420-4810BillCook2009Gmailcom
wwwREIOutpostcom
Bill Cook is a full-time real estate investor speaker and author He specializes in single-family homes and mobile home parks Bill believes
that real estate investing especially the act of buying and holding rental property is the surest way to financial independence and wealth Bill and his wife Kim run North Georgia REIA where
they teach others how to successfully invest in real estate
Place Your Advertisement Here and Get Noticed
Sign up now and get your ad created by our design specialists for FREEThis introductory special is available for a limited time onlyIf you are ready to get started see our Advertising Rates in this issueThen call Christine Griffin at 678-701-7160 or email adminatlantareiacom
Mutiple Sizes Available
Buy a home like this at a (Actual Property Inventory May Vary)
Step-By-Step Real Estate SuccessAs Atlantas First Full Service Wholesaler We Can1 Find you the deal 65 of the after repair value (includes purchase
price and repairs)2 Provide a certified appraisal to validate value3 Finance the purchase price and repairs4 Have access to our in house contractors to complete repairs for you5 Use our selling agents to sell your beautiful renovated home6 Use our leasing agents if you prefer to buy and hold7 We have just taken all risk out of the deal for you
Goldmine PropertiesWhere Integrity amp Character Matter
WHoLESALE REAL ESTATE 65 LTV
Purchase Price amp Repairs are 65 of Certified After Repair Appraisal
Financing Available
SInCE 1996 WE HAVE WHoLESALED oVER 1700 PRoPERTIES
REnTAL PRoPERTIES 12-18 RoI with 35 Equity
THIS IS AS GooD AS IT GETS The most difficult and important aspect ofReal Estate Investing is finding the deal
ldquoTHIS IS OUR SPECIALTYrdquo
MIKE CHERWENKAmcherwenkaaolcom H wwwgoldminepropertiesnet
(Loan to Value)
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 14
Atlanta Real Estate Investors Alliance bull FEB 2013
PRAdO
Join us at the
Haves amp Wants MeetingEvery Thursday at 130pm 5 Seasons Brewing located at
5600 Roswell Rd in Sandy Springs at the Prado
Short Sales Are SailingBy Kimberlee Frank
Many Investors and Realtors avoid short sales like the plague They are definitely
missing the boat My business special-izes primarily in short sales and I have seen an increase in the number of ap-provals we are getting The time line for a short sale varies from 90 to 120 days if you submit the lender a ldquocompleterdquo short sale package Since short sales are dominating the market the Lenders are creating more streamlined processes to conduct smoother short sales If you do short sales then I am quite sure you have heard of the online system called ldquoEqua-torrdquo Equator allows all of the short sale paperwork to be processed electronically through one common venue versus tra-ditional and random faxes and emails Having a file processed online avoids the common objection from the short sale lender of ldquoWe didnrsquot receive the docu-mentsrdquo Effective January 1 2013 the newest lender that has started to use Equator is Chase The following lenders and servicers are presently using Equa-tor 1) Bank of America 2) Chase 3) Wells Fargo 4) GMAC 5) Nationstar 6) ASC 7) Carrington Mortgage and 8) Homeward Residential Services
The Equator System assigns applicable tasks to each party (Agent Negotiator Closer etc) including a deadline in which to complete each task I like the fact that the lenders can no longer say ldquoOh we never got that paperworkrdquo However I
donrsquot like the fact that they are tracking our information Nationstar has taken the collection of Buyerrsquos information to a whole new level They require all Buyers to fill out a loan application even though they most likely will not be using Nation-star as a lender This application has been mandatory and this has not been waived on any of my files If you are a Buyer on any property you are required to provide your name address telephone number DOB SS assets employment history and more This is regardless if you are purchasing for investment or personal use and if you are getting a mortgage or pay-ing cash
I believe that the lenders are collecting data against all Buyers and will soon share with each other how many deals each Buyer has purchased I had one student inform me that once he purchased over 10 properties from Bank of America he was no longer allowed to purchase any more in his name his wifersquos name or company name Therefore in the future when all lenders work as a team they will share all of this information and limit the amount of deals that an Investor can purchase Wells Fargo started using a system called Core-Logic approximately 2 years ago which al-lows them to simultaneously check to see who was applying for a mortgage at the same time they were conducting a short sale This caused Investors a hardship
even though they fully disclosed to Wells Fargo their intention to buy resell andor fix the property if they used my paper-work Many short sales were not approved at that time and many Investors had no idea WHY Some of the lenders frown on the fact that Investors are purchasing the property and would rather sell the house to a homeowner
You would think that the lenders since they are funded by Investors would un-derstand how we Investors work We donrsquot buy properties at full value as we are not going to live in the home This is a business and we canrsquot make the Sellerrsquos problem our problem by paying full value It is the Investors like us that are helping the lenders get money and not go under
Now is the time to purchase short sales and if you havenrsquot started you have 10 years to ride the wave so do it now Align yourself with a good Mentor and take flight just like many Investors around the world
Happy Sailing
Comment on this article online at httpatlantareiacomp=19030
Foreclosures gone WilD
Kimberlee Frank 407-888-3255KimberleeForeclosuresGoneWildcom
wwwForeclosuresGoneWildcom
wwwFacebookcomForeclosuresGoneWild
wwwLinkedincominKimberleeFrank
wwwTwittercomKimberleeFrank
Kimberlee Frank is a Master Negotiator who has closed over 600 deals since 1998 She is a Mentor Trainer Author and Real Estate Broker teaching Investors
and Realtors how to creatively purchase and sell short sales with her Step-by-Step System She has helped Investors and Realtors earn hundreds of thousands of dollars
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 15
Atlanta Real Estate Investors Alliance bull FEB 2013
Karen Bershad(770) 356-1234KarenSmallBusinessAdvisorbiz
wwwSmallBusinessAdvisorbiz
Karen Bershad is ldquoThe Small Business Advisorrdquo Most small business owners have a challenge handling all the different areas of
running a business The accounting can be a challenge particularly if the software seems overwhelming The Small Business Advisor is what you may need to get you to the next level of your business We work at your office or provide off site assistance in getting things under control by providing a wide variety of services that are specifically for the small business
How Do I Handle a Refundable Security Deposit in QuickBooksBy Karen Bershad The Small Business Advisor
It is the goal of this column to an-swer questions about QuickBooks and how it is used in the REI arena
Know how to record transactions in the proper way and have your set of books in good shape when it comes time for taxes It is our intention to do this by you the members submitting questions to Karensmallbusinessadvisorbiz and getting answers here in this column
Q I am having difficulty reconciling my bank account I have reviewed each entry and have found that several of my deposits do not match the amount the bank has for them How do I see all my detail on each deposit without click-ing on each one to open it
A Go to Reports ndash Banking ndash and look for a report called ldquoDeposit Detailrdquo It will give you line-by-line detail of your deposits in one report and you can com-pare that to what you have in the bank If you make copies of the checks for each deposit and put it with your deposit ticket on each one that will give you a paper back up of what you actually gave the bank This way if the bank made the error then you have details of what you produced to the bank
Q Why do I need to create sub accounts in my chart of accounts
A The Chart of Accounts is the main driver of the program If you have you accounts set up properly your reports ndash Income Statement and Balance Sheet ndash will be reflected properly You may want sub accounts for some of your ex-penses in particular to be able to see where certain money is being spent For instance ndash if you make sub accounts for Auto Expenses ndash Fuel Repairs amp Maint Tags Tolls amp Parking Insurance etc ndash you then can see that the total amount spent in that areas was not just Fuel which is expensive but you had a major repair done and therefore your compari-son to last year for the same time makes more sense
Q I received a ldquoRefundable Security Depos-itrdquo from my tenant How do I enter this into QuickBooks
A This is a Liability account that you will need to payout at some later date In your chart of accounts you should have a Liability account set up for Security De-posits Escrow ndash or some name that sets it apart from security deposits you paid that are owed back to you (which is an Asset) In the deposit window instead of showing this as income you should go to this special Liability account and book
it to that account When it is time to pay the tenant the money back less any damages if need be you will write the check out and expense it also to this Li-ability account to clear the money from the account
Comment on this article online at httpatlantareiacomp=19023
the QuickBooks Quickie
When yoursquore ready to get started see our Advertising Rates in this issue and then call Christine Griffin at 678-701-7160 or email adminatlantareiacom
httpatlantareiacomthe-profitadvertising-rates
If yoursquore looking to reach the Real Estate Industry here in the Greater Atlanta Metro Area and throughout Georgia you canrsquot do better than The PROFIT Your ad will reach more than 10000 each month with your message Our production teams are among some of the best designers in the country We make you look GOOD
Advertise Your Business in The Profit
American IRA Wants to be a Value Added Service to You or Your Business
Contact our office for any self-directed IRA questions you have or for a free consultation
1-866-7500-IRA(472) or infoamericaniracom
P We do business the old fashioned way At American IRA we pick up the phone
P We offer personalized service catered to each of our clientsrsquo needs
P We provide educational articles live webinars and many other resources
P We have experienced IRA instructors who are available for speaking engagements
P We provide joint webinars which allows you to high-light your services
P We provide free copies of your webinar in CDDVD format for you to promote your services
P We have a resource page on our website to list your services on (certain restrictions apply)
P We are experienced in investinghellip we understand your investment language
wwwAmericanIRAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 17
Atlanta Real Estate Investors Alliance bull FEB 2013
Business By the Book
Greed In Business = Trouble In The Family By Erven Kimble
The relentless drive to acquire the elusive ldquoAmerican Dreamrdquo is what fuels many business profes-
sionals To many in pursuit of the worldrsquos definition of success means ldquogetting more and morerdquo ldquoclimbing the corporate ladder at all costrdquo or perhaps it means ldquothe end justifies the means no matter whatrdquo This kind of ill-advised pursuit requires that a person disconnect other areas of life that makes significant demands on their time and attention One way to separate these distractions is to departmentalize them
Highly motivated entrepreneur and busi-ness professionals often compartmentalize their professional interests from the rest of their personal lives Many ldquogo-gettersrdquo tend to divide their lives into these differ-ent compartments and make decisions as if they are not interconnected For many their thoughts about church religion matters concerning God and the Bible or even their family have little or nothing to do with their day-to-day business decisions and activities that are required to be suc-cessful They rationalize that these differ-ent compartments neatly and separately co-exist For instance one might
bull Define things as being secular versus spiritual
bull Make clear distinctions between that which is personal as opposed to the professional matters
bull Or draw a big distinction between their family life and their business life
The truth of the matter is that God does not view our lives as being compartmen-talized A Biblical view sees the secular as spiritual and our professional and personal lives co-existing in the same space The
actions and the decisions that we make at the office effects what happens at home Whether a person realizes it or not deci-sions and practices in the work place have a direct impact on what happens back on the home front
The relentless drive to get more and more in the workplace is called ldquoGreedrdquo Greed is flaw that ultimately brings distrust and dishonor to all those involved A person in pursuit of unmerited gain is a continuous source of grief for themselves as well as their families Greed and covetousness leads men and women to habitually want more than their share As a results the progres-sive overflow of greed leads to bribes and the kickbacks Bribes and kickbacks are a perversion of justice a misrepresentation that ultimately breeds distrust and dishon-or to all those that are involved including all family members who bear their name
Those who refuse to be involved in these ungodly practices
will find longevity and prosperity
There is energizing freedom and great gratification in honesty that translates into the idea of establishing a legacy Business-men and businesswomen that strive to operate an honest business not only live well themselves they also leave a proud heritage to their children Conversely the foolish and fraudulent leave an inheritance of misery
ldquoThe good people who live honest lives will be a blessing to their childrenrdquo (Pr 207)(NCV)
A familyrsquos religious passion will produce the familyrsquos long-term qualities In other
words the children of ethical parents are the recipients of the divine favor of God The family traits model behavior that is mimicked by the children and ultimately the advantages or the hazards are experi-enced by the next generation When there are models of godly parents who live out their Christian beliefs the children are challenged to become wise themselves
Thoughts to Ponder
I Have you ever considered your business decisions would directly impact your family
II What legacy are you preparing to leave your children or family
III Have you considered the long term generational effect of your business practices
Comment on this article online at httpatlantareiacomp=19001
God does not view our lives as being compartmentalized
ldquoGreedy people bring trouble to their families but the person who canrsquot be paid to do wrong will liverdquo (Pr 1527)(NCV)
Erven Kimble 404-606-8909ElegantHomesLLCYahoocom
wwwPeopleWhoBuyHousescom
wwwFacebookcomEAKimble Erven Kimble is an accomplished pastor teacher author community leader licensed Christian Counselor and Real Estate entrepreneur Erven is a visionary that has faithfully
served as the Senior Pastor of a local church in Lilburn Georgia for twenty years
The author searched the Book of Proverbs and Psalms and extracted wisdom that reference business and finances to produce the series of articles called Business By The Book The purpose of these articles is to present time tested and proven Biblical principles in a way that is practical relevant and beneficial to the average business person
HOME INSPECTION
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Great for Rehabs
Investor major systems InspectIon25 of your Fees are credited toward
A Full Home Inspection
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5 discount on Inspections 2ndash5bull Inspections 6 and beyond are 25 OFF
REI SPECIALS
bull FRee 90-day Home warranty wItH every complete Home InspectIon
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copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 19
Atlanta Real Estate Investors Alliance bull FEB 2013
Caution Landlords Accepting Money After Filing An Eviction Impacts Your RightsBy Attorney Jon David W Huffman
Landlords often have mixed emo-tions when their tenants call and offer them money after a dispos-
sessory warrant (an eviction) has been filed On one hand landlords are in the business of collecting rent However they worry how it may affect moving forward with the eviction Accepting a payment after an eviction is filed does af-fect your rights
Residential Landlords
A residential landlord has a duty to ac-cept a payment from a tenant who is in default if and only if the tenant tenders ldquoall rents allegedly owed plus the cost of the [eviction]rdquo1 However the tenant can-not wait until the last moment to do this They must tender the full payment within seven days of the day they were served the eviction paperwork2 There is no need to worry about a tenant doing this perpetu-ally because a landlord is only obligated to accept this type of payment once per year3 Making this payment provides a complete defense to the eviction and upon receipt a landlord should dismiss the eviction
If a residential tenant offers a partial pay-ment however BEWARE A residential landlord who accepts a partial payment from a tenant after an eviction has been filed waives his right to continue with the eviction and admits the continuance of the lease4 In simple terms the eviction fails and the landlord must start the eviction process over if he wishes to evict the ten-
ant It does not matter when the partial payment is made ndash whether one hour after the eviction is filed or five minutes before the eviction trial Thus the landlord must either reject the partial payment or if ac-cepted he must restart the eviction process
Commercial Landlords
Perhaps unsurprisingly the law on ldquonon-residentialrdquo or commercial leases allows more freedom to contract
A commercial tenantrsquos right to tender past due rent and the dispossessory fee can be contractually waived5 Indeed in many commercial real estate leases this right is waived All commercial landlords should have an attorney review their lease to en-sure that they have the right to regain possession of their property upon default without giving a tenant the right to pay the past due rent and dispossessory fees
Following the freedom-to-contract prin-ciple a commercial landlord can accept a partial payment without waiving his rights to evict Under OCGA sect 44-7-52(c) a commercial landlord is free to take a par-tial payment and continue the eviction process unhindered Of course any money received would offset the landlordrsquos dam-ages So commercial landlords cash that check and keep on going
Disclaimer The information contained in this article is for informational purposes only and is not legal advice or a substitute for legal counsel
It does not constitute advertising or solicitation The information in this article may or may not reflect the most current legal developments ac-cordingly this article is not guaranteed to be complete and should not be considered an indi-cation of future results
Comment on this article online at httpatlantareiacomp=19013
1 OCGA sect 44-7-52(a)2 Id 3 Id4 Gay v American Oil Co 115 Ga App 18 153 S E 2d 612 (1967)2 Id3 Id4 Gay v American Oil Co 115 Ga App 18 153 S E 2d 612 (1967)5 Hardwick v 3379 Peachtree 184 Ga App 822 824 363 SE2d 31 (1987)
real estate legal report
Jon David Huffman 404-373-4008 x 304JonDavidPooleLawGroupcom
wwwPooleLawGroupcom
wwwJonDavidHuffmancom
Jon David Huffman is a litigation attorney specializing in real estate disputes business disputes and commercial collections With
more than a decade of experience managing small businesses before attending Emory Law School he brings a business ownerrsquos perspective to the practice of law
wwwMeetUpcomAtlantaREIA
Join us on Meetup and RSVP for the meetings you will be attending
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 20
Atlanta Real Estate Investors Alliance bull FEB 2013
With each New Year comes new ventures More and more often investors have
to expand their investment territories in order to stay active As technology con-tinues to make the world a smaller place many investors are also looking at invest-ing in different states and some in differ-ent countries By doing this the amount of inventory increases dramatically if you make the right contacts At the same time if you work with investors that are open in investing out of state or in different coun-tries you have the ability to sell more
With all this said it is not always as easy as it may sound whether you are the buyer or seller As the buyer you need to make a trip to the new area you are looking to invest in The reason to do this is obviously to learn the market but secondly to make a few key contacts in the area The main contacts you need to make are a few wholesalers real estate agents contractors a title company and property management if you are look-ing for rentals Not only will these contacts help you in their area of specialty but they can also be go-to people for a second opinion on any potential deals In order for this to be a win-win situation you want to use these contactsrsquo services For example if you ask a contractor to verify repair cost on a home you should use himher for that project
The suggestions mentioned above also ap-ply to those looking to sell properties out-side their local area of expertise If you are teaming up with a local in a new area make sure you are working with someone that can answer questions experienced investors will need answered Keep in mind that just because someone tells you a property is a good deal to invest in does not mean it is
You may be marketing a property that you would normally not market Even worse you may end up selling a property that you would not have sold if you knew the market better Investors will typically follow you into another statecountry if you have been part of their success in their local market Investors should do their own due diligence but you should do your own before even marketing that deal otherwise you will lose credibility You may not only lose credibil-ity in the new market but also in your local market You can also lose money that you have out for a due diligence period andor earnest money if you discover that you con-tracted a dud Remember the importance of closing once you have a contract in place
Before venturing into a new market make sure you at least make the contacts men-tioned above Let them know your inten-tions of investing andor selling in their area soon but are currently familiarizing yourself with the market This will prevent them from thinking of you as just another window shopper Remember that if you create a win-win-win situation your success will continue to grow
Comment on this article online at httpatlantareiacomp=19041
FroM contract to closing
New TerritoriesBy Michael Vazquez
Michael Vazquez 678-951-9222MichaelPVazquezGmailcom
Michael Vazquez has been offering properties to real estate investors significantly below market value since 2006 in both Texas and Georgia
Michael is always looking to for more investors to work with
Solutions that help you Make More
Work LessUse your iPad iPhone or other mobile device anywhere tohellip
H Find comps and rental rates
H Sign and send contractsH Plan your entire rehabH and so much more
Check it out noW5 Day Trial for only $1
Make More Work LessGo To
MobileRealEstateRockstarcomAtlanta-REIA
Keep up to date with our latest opportunities by joining us on Twitter at wwwTwittercomAtlantaREIA
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 21
Atlanta Real Estate Investors Alliance bull FEB 2013
Every New Yearrsquos Day people consider what they want to ac-complish in the following year
Well we are now 30 days into 2013 and I am sure that you have reflected on 2012 What resolutions did you follow to success What results have you seen from last yearrsquos work
At the beginning of 2013 I reflected on what I considered success Like many of you I realized that I want to improve my monetary financial relationship and problem-solving skills because these lead us to success What is success in 2013 ACHIEVING MORE OF YOUR GOALS
We all know that success in our busi-ness means learning new tricks tips and techniques We must accumulate knowledge and power We must achieve a superior capacity to think and act effectively through presentations best practices and strong strategies We must have a highly competitive advantage a platinum value But how do we strengthen the skills that we MUST have
The ONLY way to achieve this is through what I call PAC Planning Accountability and Consistency
Planning
Planning means success Planning means that you will be prepared to react logically You will be able to carefully consider the market environment re-lationships and finances Planning sets you up for control of your own success
Because Irsquove been in this business for so long one of the many things I can tell you is an easy way to plan-- measure what you are doing Here is how
bull Graph your numbers once a week
bull Reflect on your graphmdashAre your ef-forts showing success
- If not change your strategy
- If so reflect on what you have done and decide how to do it even better
For example wanting to earn $200000 a year is my goaldesired outcome To do this I will work backwards from the goal to the actual steps and processes needed to allow me to achieve the goals These steps are the action plan
ONLY when we know our goals can we outline the steps to get there Only then can
we follow the steps and make adjustments
Accountability and Consistency
Do you make time for your success or do you need support to be consistently accountable to your goals your plan and yourself
This is where I come in I can coach you with your plan accountability and con-sistency PAC
Irsquod like to share some of my action steps for 2013mdashthese are examples of action steps that as your coach I can help you to create plan and execute As your coach I can help you increase your ex-pertise with goals like these by helping you to use the PAC principles
1 Increase my profitability by using my resources effectively and ef-ficiently Example Limit events tasks and time with people which donrsquot align with my goals or which canrsquot be satisfied
2 Create systems situations and op-portunities to meet and present to qualified customers Goal Meet new customers 20 of the time
3 Focus 100 on my emotional physical and mental focus What can I do
4 Debrief after events to increase my expertise
Consistent effort energy time use of resources and learning will allow me to achieve my goals It will help you toomdashif you apply PAC
With PAC and my assistance you can eliminate sabotaging behaviors and be-
hoW to Be a real estate investor
2013 A Year of Achieving Your Goals with PAC By Russ Hiner
Join us for
LATE nITE nETWoRKInGat the Meeting-After-the-MeetingWe meet at the Tilted Kilt Perimeter located 1155-B Mount Vernon Highway in Atlanta right after our Atlanta REIA Main Meeting
PERIMETERcontinued on page 23
Attend Russrsquos Creative Deal Structuring on Feb 9th at 7PM
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 22
Atlanta Real Estate Investors Alliance bull FEB 2013
Welcome back If you read Part One of this article you know that we covered the
other different types of popular real es-tate deals that most people do and the biggest problems with them these days Then we talked about how advantageous it is to do the new type of deals Whole-saling Pretty Houses
But we still have a few important things to cover so letrsquos pick up where we left offhellip
Once you agree on the deal amp terms with the seller you get all the paperwork signed amp closed at either a title compa-ny or attorneyrsquos office No exceptions Yoursquoll want that legal backup in case the seller conveniently forgets what they agreed to later
So now yoursquove got a deal under contract amp all the paperwork signed What now Simple You get it lsquosoldrsquo as an oppor-tunity to a tenant buyer who 1 Has a decent chunk of money to put down (typically $5000+minimum) and 2 Can afford the existing monthly mort-gage payments
For example letrsquos say you have a house worth $250000 The seller owes $260000 with monthly PITI payments of $1550 amp theyrsquore current The house needs little to no repair amp is in a great neighborhood where people want to live The seller just wants to walk amp realizes
that there is NO money to be made on this deal obviously
So at a glance it looks like this
ARV $250kOWE $260k PAYMENT $1550 PITI
currentREPAIRS $0ASKING $0 Just wants out (for what-
ever reason eg job x-ferloss divorce etc)
So you SELL the house on a Lease Purchase (aka lsquoRent to Ownrsquo) to a tenant buyer who falls in love with the house has at least $5000 to put down as Non-Refundable Option Consideration and can easily af-ford the $1550 monthly payments (plus utilities HOA etc obviously)
You arrange the closing at the title compa-nyattorneyrsquos office (have the tenant buyer pay their fee) and collect your check
hellipAND YOUrsquoRE DONE You are OUT of the deal from this
point forward
So what just happened And why would you WANT to be OUT of the deal after that
Good question Letrsquos recap shall we
You found amp negotiated a deal on a house with little to no equity that no one else would touch You solved the sellerrsquos prob-
lem amp they love you for it You then went amp found a tenant buyer who couldnrsquot buy a house now if their life depended on it (in most cases) and gave them an honest op-portunity to eventually buy this beautiful house in a beautiful neighborhoodhellip even if their credit is terrible
(NOTE The worse their credit is the more you should collect as a downpay-ment )
After that the tenant-buyer should just make the monthly mortgage pay-ments as rent There are a few options on how they can do this 1 Pay directly to the seller 2 Pay directly to the mortgage company 3 Pay to a 3rd-party paymentescrow company I highly suggest doing the 3rd so everyone can be sure the pay-ments are made on time There are several companies that will provide this service for you for a nominal fee ranging from $5 to $50mo Check around for more informa-tion on that
So herersquos the next big question WHY would YOU as the investor want to be DONE with the deal after that Why wouldnrsquot you want to get the deed or stay in the deal
Herersquos the answer You WOULD want to stay in the deal (and maybe get the deed)hellip IF
IF the seller has equity IF the house is go-ing UP in value Or IF the mortgage pay-
The Best Deals To Do in Real Estate in 2013 amp Beyond ndash Part 2By Tony Pearl
pearls oF WisDoM
NGaREIANorth GeorGia reia MoNthly MeetiNG
2nd Thursday of Each Month at 700 PMat the Hilton Garden Inn
Cartersville GA
See httpREIOutpostcom for more information
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 23
Atlanta Real Estate Investors Alliance bull FEB 2013
ments are LOW and the rent is HIGH Those are some great examples of why you WOULD want to remain in the deal
But IF the opposite is true you should simply collect your down payment from the seller amp assign that deal that you just lined up Wait a minute Assign the deal WHO would you assign the deal to
Irsquom smiling as I write this and hopefully you will too as you realize the obvious
You ASSIGN the deal right back to the SELLER of the house Does that make sense
When the house goes back up in value amp the tenant buyer is ready to buy guess what
Theyrsquoll buy directly from the seller And you explain all that to everyone involved in the deal
This Type Of Deal Is Tremendously Advantageous
To You When
bull Houses in that area are still declining in value
bull If the seller simply owes too much
bull Or if you just want an easy-in easy-out type of simple deal to do that still quickly puts thousands of dol-lars in your pocket without any risk or rehab
In the example above you got a check for (at least) $5000 pretty quickly and you donrsquot have to deal with the tenant-buyer or the seller ever again if you donrsquot want to In Out Paid Done Simple
Of course there are some important de-tails in the middle that you should learn If these types of deals make sense to you and you would like to learn more either ask your local REIA leader to get more information for you or drop me a line Irsquod love to help
So there you have it I believe that wholesaling pretty houses is one of the best types of deals you can be doing in 2013 amp beyond Itrsquos quick amp easy and there are plenty of deals like that out there now Best of all therersquos VERY little competition to do this For now
Hopefully your competition wonrsquot read this article
Until Next Time
Tony Pearl
Comment on this article online at httpatlantareiacomp=19037
Tony Pearl202-556-0670TonyTonyPearlcom
wwwTonyPearlcom
wwwFacebookcomTonyPearl
wwwTwittercomTheTonyPearl
wwwYoutubecomTonyPearl
Tony Pearl is an entrepreneur copywriter proud father mentor marketing consultant and talented teacher who resides in the Washington DC area He
has traveled to over 26 countries speaks 4 languages and continues to travel extensively He has been a professional Ballroom and Latin dance instructor competitor and exhibitor for over 19 years As a Real Estate Investor Tony has bought and sold over Ten Million dollars worth of real estate and has been educated by and associates with the best
Russ Hiner 404-660-4289RussRHinercom
wwwRHinercom
wwwFacebookcom1RHiner
Russ has been investing in real estate in Atlanta Georgia since 1981 His company currently controls apartment buildings and single-family properties in Georgia and
other states His focus is on raising private capital through Hedge Equity LLC
Russ invests everyday His knowledge and experience is current in the market He is capitalizing on the needs wants and desires of the customer He has a deep level of experience in building relationships with vendors investors tenants sellers and qualified buyers He has the knowledge to negotiate contracts manage rental properties and make his co-investors wealthy He enjoys taking properties which are virtually destroyed renovating them and creating a better community
come accountable Being accountable will lead to success which will give you the confidence to take responsibility for your greatness Confidence is liberating It leads to increased passion for your work With renewed passion 2013 can be your year of commitment and success With renewed energy you can follow your Plan that will lead you to Consis-tency Accountability and SUCCESS
So itrsquos 2013 You have goals
Will you use the same techniques that you did in 2012 Or will you join me and others whom Irsquove worked with in using new tools and renewed energy
What is the action step to begin plan-ning What should you do to help you remain on track
What can you do to make 2013 a differ-ent year for you a year of success
I am looking forward to meeting you and helping you on your way to a suc-cessful 2013
Comment on this article online at httpatlantareiacomp=19035
Achieving Your Goals with PAC cont from p21
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 24
Atlanta Real Estate Investors Alliance bull FEB 2013
How to Quickly Get 10 to 15 Good Rental Properties Paid For Free and Clear By Larry Harbolt
creative Financing is king
Larry Harbolt 727-420-4810LarryHarboltGmailcom
wwwLarryHarboltcom
wwwFacebookcomLarryHarbolt7
wwwTwittercomLarryHarbolt Larry Harbolt is the nationrsquos leading creative Seller Financing expert as well as a popular national real estate speaker and teacher whose time-
tested strategies and nuts and bolts teaching style has helped thousands of aspiring real estate entrepreneurs realize their financial dreams with little or no money and without the need for credit Larry has been successful creatively buying and selling real estate for over 30 years and has written numerous popular articles and real estate courses Larry also has been running a meetup group in St Petersburg FL for real estate investors for over 13 years
We are already in the second month of 2013 and I just had a conversation with one
of my students who wanted to know how to create wealth in the shortest possible pe-riod of time The following is my idea how wealth for any real estate investor can be created in the shortest period of time
Here is an example of how you can quickly achieve financial freedom and then wealth investing in real estate
For instance the first thing you need to do is buy 10 to 15 well selected income pro-ducing properties you are willing to keep long term as your retirement program and the base of your future wealth I personally love the thought of someone else having to go to work every day to earn money they give me in the form of rent each month that pays for my properties without me having to have a job or have to go to work every day Then once you have bought your 10 to 15 keeper rental houses in good neighborhoods with tenants who are pay-ing on time every month letrsquos say $1000 each month of which $520 goes for the monthly loan payment and after monthly expenses of property taxes property insur-ance a maintenance fund and a vacancy fund leaves you from the $1000 gross rent approximately $150 each month to put into your pocket Letrsquos say for each of your keeper rental properties you paid $88000 with very little money down and were able to get seller financing terms for 30 years
Then once you get those 10 to 15 houses free and clear with no debt each month you get to keep the entire $1000 from each house (less taxes and insurance and main-tenance costs) leaving you about $600 to $650 from each house each month Ten houses at $600 each equals $600000 each month paid directly to you to pay your bills Some of you might need 15
houses to achieve your goals If you have 15 houses x $600 net each month will give you $9000 per month income to cover your monthly expenses Once you have that much coming in each month you will have financial freedom but not yet wealth Wealth comes over time Let me show you how to get your properties free and clear in the shortest period of time
Getting Your 10 to 15 Houses Free and Clear In a Short
Period of Time
After you have your base of 10 to 15 houses bought then each year go out and buy an additional 10 to 15 houses The additional 10 to 15 houses you buy each year can be rehabbed and then sold If you were to take all of the profits from the sale of each of the additional 10 to 15 houses (after paying the taxes) and use the money you have left to pay off one or two of the loans on the houses you plan to keep and you did this over and over for a few years your base of rental properties would soon be com-pletely paid for and you would then have enough income coming in each month to be financially free
This is definitely a plausible and possible plan to become financially free in the short-est period of time Once you have done this you will then have more time and money to continue to buy even more houses sim-ply because you will have enough income each month coming in so you donrsquot have to go to a job you hate every day
Once all of your base of income produc-ing properties are completely paid for and are free and clear you will probably truly be a millionaire If you have 15 properties valued at $80000 that are free and clear your net worth will be $80000 X 15 = $1200000 Now you are wealthy
You Must Have a Wealth Building Strategy to Be
Successful
This is how true wealth is created over time People who only wholesale property for a living are not true investors -- they really have a job When a wholesaler buys a property and then passes it on to another person and they get paid a fee that money will be quickly spent and they then have to go out and find another property to whole-sale again so they can get another fee To me thatrsquos a job and I donrsquot want another job I want financial success
If you plan to be a successful real estate in-vestor and create the wealth you want it is going to be very important that you are able to recognize opportunity when it pres-ents itself It took me nearly 25 years to figure this out for myself and that is why I am sharing this information with you now so you can more quickly achieve financial freedom and your eventual wealth
Comment on this article online at httpatlantareiacomp=19032
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
Atlanta Real Estate Investors Alliance bull FEB 2013
Join our Mobile Real Estate Investor VIP ListJust text ATLAnTA to 404-996-1099Standard text message rates apply
Follow us online from your mobile phone at httpAtlantaREIAcom httpFacebookcomAtlantaREIA httpTwittercomAtlantaREIA httpYoutubecomAtlantaREIA httpMeetupcomAtlantaREIA
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your mobile device
Subscribe to The Profit Newsletter amp Email list at httpSubscribeAtlantaREIAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
For a Limited Time
Wersquore Sharing our Design Firm with our Advertisers
GROW YOUR BUSINESS TODAY placing an ad in The Profit and our design firm River City Consulting will design your ad for FREE Wersquoll also provide you with the digital file to use online and to have printed to use as promotional flyersMinimum 3-month Obligation
When yoursquore ready to get started call Christine Griffin at 678-701-7160 or email adminatlantareiacom
SEE THEIR WORK IN amp ON
AAttllaannttaa RREEIIAA MMeemmbbeerrsshhiipp AApppplliiccaattiioonn Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560
Atlanta REIA Use Only Member ____________ Exp Date ____________ ID Card Printed Sent _________
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Card Type Visa Master Card Discover American Express
Card Number Expiration Date Code
Terms of Sale Disclaimer amp Release The undersigned Applicant(s) hereafter called the Applicant understands and acknowledges that membership in the Atlanta Real Estate Investor Alliance hereafter called Atlanta REIA absolutely does NOT entitle nor make Applicant a legal member of Atlanta REIA LLC the company Applicant acknowledges that Atlanta REIA does not render legal tax economic or investment advice All programs are provided with the understanding that Atlanta REIA is not engaged in rendering legal tax or other professional services If legal tax or other expert assistance is required the services of a competent professional should be sought Atlanta REIA does not investigate its members nor vouch for nor make representation as to the honesty integrity reliability motives andor resources of its members officers directors employees agents and or contractors The Applicant in consideration for hisher acceptance as a member of Atlanta REIA hereby releases discharges and agrees to indemnify Atlanta REIA its officers directors members employees agents andor contractors from any liabilities now accrued or which may hereafter accrue from their actions inactions or communications made by Atlanta REIA andor officers directors members employees agents andor contractors in or through their respective capacities with Atlanta REIA Applicant agrees to comply with the terms and conditions described herein the Code of Ethics and any other terms described on our website at AtlantaREIAcom as well as any other Atlanta REIA rules and regulations Applicant agrees and acknowledges that Atlanta REIA may enforce these codes terms rules and regulations at its sole and absolute discretion and may terminate this membership at any time for any reason whatsoever Applicant grants to Atlanta REIA its representatives and employees the right to take photographs video or audio of Applicant and Applicants property Applicant authorizes Atlanta REIA its assigns and transferees to copyright use and publish the same in print andor electronically Applicant agrees that Atlanta REIA may use such photographs video and audio of Applicant with or without Applicants name and for any lawful purpose including but not limited to publicity illustration advertising and web content Applicant grants permission to Atlanta REIA to contact Applicant regarding membership and related business by phone fax email text message chat programs social networking automated voice broadcast dialers or any other means necessary By completing this application Applicant agrees to give Atlanta REIA permission to bill the credit card above for the membership plan selected above Applicant acknowledges and agrees that the term of membership is one (1) year and that billing for membership will be automatically renewed for one (1) year upon expiration at the then current membership rate and that the appropriate charges be applied to Applicants credit card on file Should Applicant decide to cancel membership a written notice of cancellation must be emailed faxed or sent via postal email to Atlanta REIA at the address email or fax below thirty (30) days prior to the next billing or renewal period Atlanta REIA must acknowledge receipt of this written cancellation notice for it to be valid Membership dues are NON-REFUNDABLE for any reason whatsoever Applicant promises NOT to initiate any refunds or credit card charge backs for these membership dues and related charges at any time Applicant agrees that Atlanta REIA may change the terms of this Agreement or its membership dues at any time by posting such changes to our website at AtlantaREIAcom By continuing membership Applicant agrees to be bound by such changes Applicant will send all written notifications to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 Fax 770-216-1560 Email noticesatlantareiacom With my signature I accept the Terms of Sale Disclaimer amp Release and I authorize Atlanta REIA LLC to charge my credit card for the membership plan above as well as total recurring amount shown I further acknowledge that these membership dues are non-refundable
Applicant 1 (sign) Applicant 2 (sign)
(print) (print)
Date Date
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 27
Atlanta Real Estate Investors Alliance bull FEB 2013
Atlanta REIA Meetings CalendarhttpAtlantaREIAcomMeetings
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
3rd Wednesday of Each MonthLate Nite Networking Buford900 PM ndash Late NiteTilted Kilt 3480 Financial Center Pkwy M1080 Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
3rd Thursday of Each MonthSavannah REIA630 PM ndash 900 PMGallery Espresso234 Bull St Savannah GALeader Aislee Jacksonhttpsavannahreiacom
4th Monday of Each MonthAtlanta REIA West Meeting630 PM ndash 900 PMCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Monday of Each MonthLate Nite Networking Marietta900 PM ndash CloseCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Tuesday of Each MonthNote Buyer Group Meeting630 PM ndash 830 PM Olive Garden 2467 Cobb Parkway SE Smyrna GALeader Tom Boyerhttpnbgatlantareiacom
4th Thursday (Once Per Quarter)Beginning Investors Group Meeting (BIG)630 PM ndash 900 PMChef Robrsquos Caribbean Cafe 5920 Roswell Rd NE A117 Sandy Springs GALeader Alan McDonaldhttpbigatlantareiacom
4th Thursday of Each MonthCash Cows Commercial Group1130 AM ndash 100 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GAhttpcashcowsatlantareiacom
Meets at Various Times Each MonthCash Flow Players Group MeetingTo Be AnnouncedSecrets Factory 2030 Powers Ferry Rd SE 440 Atlanta GALeader Alan McDonaldhttpcashflowatlantareiacom
2nd Wednesday of Each MonthSpanish Investors Networking Group (SING)630 PM ndash 830 PMTaco Depot 4788 Sugarloaf Pkwy 107 Lawrenceville GALeader Michael Vazquezhttpsingatlantareiacom
2nd Wednesday of Each MonthI Love Marketing Group700 PM ndash 900 PMSocial Vinings 3621 Vinings Slope SE Atlanta GALeader Rock Shukoorhttpilmatlantareiacom
2nd Thursday of Each MonthAtlanta REIA South Meeting630 PM ndash 830 PMGiovannarsquos Italian Kitchen 1375 Virginia Ave East Point GALeader Reggie Jackson amp Gordon Cattshttpsouthatlantareiacom
2nd Thursday of Each MonthNorth Georgia REIA700pm - 900pmHilton Garden Inn Cartersville 24 Liberty Drive Cartersville GALeaders Bill amp Kim Cookhttpreioutpostcom
2nd Thursday (Once Per Quarter)Small Business Group (SBG)330 PM ndash 530 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Karen Bershadhttpsbgatlantareiacom
3rd Monday of Each MonthMovers amp Shakers Lunch Meeting1100 AM ndash 130 PM5 Seasons Brewing3655 Old Milton Parkway Alpharetta GALeader Gordon Cattshttpmoversandshakersatlantareiacom
3rd Tuesday of Each MonthGwinnett County Group (The Fish Club)700 PM ndash 900 PMRed Lobster2055 Pleasant Hill Rd Duluth GALeader Aaron McGinnishttpfishclubatlantareiacom
3rd Wednesday of Each MonthAtlanta REIA North Meeting630 PM ndash 830 PM1960 Skylar Hill Dr Suite D Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
February 4th 2013Atlanta REIA Main Meeting530 PM ndash 900 PM Crowne Plaza Ravinia Hotel4355 Ashford Dunwoody Atlanta GA Leader Dustin Griffinhttpmainatlantareiacom
1st Monday of Each MonthLate Nite Networking Dunwoody930 PM ndash Late NiteTilted Kilt 1155-B Mount Vernon Hwy Atlanta GALeader Lee Buddenhttpmainatlantareiacom
1st Monday (Once Per Quarter)Mobile Real Estate Rockstars Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Don DeRosahttprockstarsatlantareiacom
1st Monday (Once Per Quarter) Short Sale amp Foreclosure Group300 PM ndash 530 PMTotal Wine amp More124 Perimeter Center W Atlanta GALeader Bob Masseyhttpssfatlantareiacom
1st Monday (Once Per Quarter)Active Investors Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Gordon Catts
1st Tuesday of Each MonthMountain REIA630 PM ndash 900 PMGolden Corral 2025 Market Place Blvd Cumming GALeader Gordon Cattshttpmountainreiacom
1st Wednesday of Each MonthCreative Deal Structuring Group (CDS)700 PM ndash 900 PMWhitehall Tavern 2391 Peachtree Rd NE Atlanta GALeader Russ Hinerhttpcdsatlantareiacom
Every Thursday (Except Major Holidays)Have amp Wants Meeting130 PM - 330 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Joe Thompsonhttphavesandwantsatlantareiacom
Next Meeting March 28th
Next Game on Sat Feb 9th
Meets Monday Feb 4th
ATLANTA REIA CALENDAR OF EVENTSFEBRUARY 2013
SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
Movers amp Shakers1100am - 130pm
Gwinnett County Group (The Fish Club) 700pm ndash 900pm
I Love Marketing Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pm
Mountain REIA630pm ndash 900pm
Atlanta REIA MAIN MEETING with Bill Cook
530pm ndash 900pmMobile Real Estate Rockstars Group 300-500pm
Creative DealStructuring Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pmAtlanta REIA South Meeting630pm ndash 830pmNorth Georgia REIA700pm - 900pm
NEWSLETTER dESigN PRovidEd by
SNEAK PEEK FOR MARCHMAR 4 ATLANTA REIA MEETING
APR 1 ATLANTA REIA MEETING WITH JAY CONNER
APR 27 FULL DAY WORKSHOP WITH JAY CONNER amp RON LEGRAND
Haves amp Wants Meeting130pm - 330pm
Cash Cows Commercial Group1130am - 100pmHaves amp Wants Meeting130pm - 330pm
Atlanta REIA West Meeting630pm ndash 900pmLate Nite Networking Marietta900 PM ndash Close
Note Buyer Group Meeting 6300pm ndash 830pm
Atlanta REIA North Meeting630pm-830pmLate Nite Networking Buford900pm - Late
Grow Your Wealth With The Financial
Calculator Workshopwith Bill amp Kim Cook
900am - 500pmCartersville GA
Wealth Building Using Self-
Directed IRAswith Dyches Boddiford amp
Pete FortunatoAtlanta GA
- FB
- YT
- MU
- Button 34
- Button 72
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 6
Atlanta Real Estate Investors Alliance bull FEB 2013
Fast track to selF-DirecteD ira investing
Blue Collar Genius DefinedA Blue Collar Genius is all of us who have mastered our craft with hard work diligence taking action creating experience making mistakes and most importantly never giving up
Thatrsquos a blue collar genius by my definition How many times have you said Irsquom smarter than he is but hersquos driving the big Cadillac and yoursquore driving the little economy car How could that guy ever make any money
Perspiration Inspiration and Blue Collar GeniusrsquoThomas Edison said ldquoGenius is 90 perspiration and 10 inspirationrdquo
The Top Real Estate IRA Investors Know Lack of Knowledge = FearHow many people do you know that have been to every seminar they know more about real estate IRA investing than anybody yoursquove ever talked to and when you ask them ldquohow many deals have you donerdquo they say ldquoWell Irsquom still working on my first dealrdquo You ask ldquoHow long have you been a member of the grouprdquo Yoursquore not shocked when they respond ldquoAbout eight or nine years but Irsquom lookingrdquo
Knowledge is wonderful but you have to actually use it
Mistakes the Top Real Estate IRA Investors Avoid1 You listen to the wrong people
starting with your family and close friends Familiarity breeds contempt or lack of faith Your family or friends have a different perception of you because they fail to see you for what you have become and remember you from your past
2 Believing or setting limitations
3 Accepting the status quo
4 A lack of awareness of a subject you want to master
5 Lack of exposure Learn what you do not know
6 Not enough research training andor education
7 Accepting the first answer Learn to ask questions to the fifth level
Top Real Estate IRA Investors Ask Questions to the Fifth Level1 What is your business relationship
Do you own property and businesses together
2 Are you married to your cousin
3 Have you adopted your cousin You cannot do loans to your children your wife or your cousin I said that on purpose by the way
4 Is the cousin married to your son or daughter
5 Is your cousin your guardian of an IRA beneficiary
6 Is your cousin an attorney CPA or financial planner who provides services to your self-directed IRA and has or does receive compensation
If a realtor says itrsquos a great area go out there at 600 am and find out Check the crime statistics Now yoursquore moving forward You will be a blue collar genius Itrsquos simple when you know more than other folks you have an edge and are an expert
If you followed my point here then you know that the questions I showed here had nothing to do with lsquocousinsrsquo but rather were to illustrate my point that you should not accept the final verdict until you are comfortable Once you get the answers three or four times with consistency then you can assume that itrsquos probably correct How many times have you gone to an attorney and one attorney says one thing and another attorney says something else One CPA says one thing and another CPA says something else
How are you going to make an informed decision until you can get a consensus Someday you just have to sit down and say ldquoItrsquos a business decision and Irsquom going to make itrdquo
For more information or to explore your options call American IRA today at 866-7500-IRA (472) We look forward to working with you
Comment on this article online at httpatlantareiacomp=19005
Learn How to Be a Blue Collar GeniusJim Hitt CEO of American IRA LLC
Jim Hitt800-750-0472JimHittAmericanIRAcom
wwwAmericanIRAcom
wwwFacebookcomAmericanIRA
wwwTwittercomIRAExpert
Jim Hitt is the Chief Executive Officer of American IRA LLC and has been committed to all aspects of investing for more
than 30 years using selfdirected IRAs for his own investments since 1982 Jimrsquos forte is the financing and acquisition of real estate private offerings mortgage lending businesses joint ventures partnerships and limited liability companies using creative techniques
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 7
Atlanta Real Estate Investors Alliance bull FEB 2013
Atlanta REIA Member Benefits
bull AtlantaREIAcom Website Blog and Member Only Area
bull Affordable High Quality Educational Workshops amp Seminars
bull Fun Frequent Networking Opportunities
bull Weekly Special Interest Groups Meet Around Town
bull Lunch amp Learn Subgroup Meetings
bull Wine amp Dine Subgroup Dinner Meetings
bull Atlanta REIA Main Monthly Meeting amp Vendor Tradeshow
bull Learn From Home on Our Monthly Webcast Series
bull Members Can Watch Webcast Replays 247365 on AtlantaREIAcom
bull Atlanta REIA Subchapter Meetings
bull Community Outreach Programs
bull Haves amp Wants Speed Marketing Session and Weekly Meeting
bull Monthly Atlanta REIA ldquoThe Profitrdquo Interactive eNewsletter
bull Weekly Atlanta REIA Email Announcements Articles amp News
bull Volunteer Opportunities
bull Member Discounts on Workshops
bull Member Discounts from Local amp National Vendors
bull And much much more
Atlanta REIA Member Discounts
bull Lowersquos ndash Save up to 7 to22
bull Sherwin Williams Paint ndash Save 30 to 40
bull Sherwin William Flooring ndash Save on Carpet Vinyl Delivery and Installation
bull Sears Commercial ndash Save 4-15 on all Appliances
bull Nu-Set ndash Save on Locksets door hardware security amp lock boxes
bull Build-A-Sign ndash Save 15 on Signs Banners and Magnetics and other products and get Free Delivery on all orders
bull And much much more
Join Atlanta REIA TodayhttpAtlantaREIAcomMembershipBecome a Member of Atlanta REIA for as little as $100year Businesses can join for as little as $150year See our Membership Application in this issue of The Profit or visit
httpAtlantaREIAcomMembership
real estate raW
Have you ever thought about get-ting into the multifamily busi-ness Itrsquos not easy and itrsquos not
for everyone but if you have what it takes I can show you how I created Real Estate Raw to pull back the curtain on the com-mercial multifamily business I have sur-vived the down turn of the economy and quite frankly I donrsquot want to go through that again Do you
How many real estate seminars have you sat through to only find that it was one big SALES PITCH Starting a business armed only with sales pitches is never a good thing In this 5 part series I will be teaching you the ldquoreal siderdquo of the real estate business
Notice I keep saying real estate ldquobusinessrdquo That is one of the first lessons that most people get wrong when starting out in real estate Let me clarify this for you
An investor is someone who is sitting around with cash that they need to get a return on If you have all the cash you need to buy real estate withhellipthen you are an investor If you are trying to create wealth in real estate (not spend it) then you will need to raise money and possibly qualify for some loanshellipyou are not an investor you are a real estate entrepreneur
I make this distinction because most people get started in the real estate business with the wrong mindset and that leads to early frustration If you are not already wealthy and looking to put cash into a property for a return then as an entrepreneur you will be building a real estate business
Now that we have that clear you need to be prepared for all that being an entrepre-neur includes This will mean hard work work that you wonrsquot always get paid for You will need to create about 10-15 hours a week to begin with Keep in mind that the majority of this time will need to be
between 9am-5pm Monday through Fri-day This is when all the agents brokers and most sellers are available and you will need to be too
I understand that this may seem like a lot of time to someone who has a family and a job and you may not have a ton of time dur-ing the work week to dedicate to your new business Find it The one thing I tell my students is ldquothe closing table doesnrsquot carehellipyou get there or you donrsquotrdquo The world is full of people who wanted to be success-fulhellip but just couldnrsquot make it That is real estate and this is Real Estate Raw
The one thing I promise you is the truth and that I will keep it REAL
In the next 4 sections I will be teaching you what to fill those 15 hours a week with such as how to get deals funded with creative financing making creative offers and creating wealth by solving real estate problems
Comment on this article online at httpatlantareiacomp=19044
Getting Started in MultifamilyPart 1 of a 5 Part SeriesBill Ham
Bill Ham478-718-0993BillPhoenixResGroupcom
wwwLinkedIncomInBillHam1
Bill Ham has been in real estate for 8 years and has created a portfolio of nearly 400 units in Macon GA using creative and seller financing
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 8
Atlanta Real Estate Investors Alliance bull FEB 2013
I n my last article I explained that there are two approaches investors can take to determine whether or
not a lender has been negligent or com-mitted fraud The first approach I de-scribed is to look through the paper trail to dig up issues The second approach is to follow the money
Not many people truly understand how the mortgage and finance industries work Itrsquos basically a shell game with them mov-ing money around with little regard as to the laws and regulations that govern how banks are supposed to act
They play this constant game all suppos-edly in the name of increasing the money supply Attorney Neil Garfield describes the process as the bank starting out with $100 in the left pocket and taking $10 out to deposit in the right pocket but still re-porting to the SEC and investors that the full $100 is still in the left pocket When the next $10 comes out described as trad-ing profits or a fee the amount in the left pocket is still reported as $100 rather than the $80 that is actually there
This is just an example of how the fi-nancial transactions that represent the mortgaging of a home rarely take place the way the homeowner or the lenderrsquos investors think To really know what is taking place investigators must follow the money as well as the paper trail The note mortgage HUD-1 and other docu-mentation connected with any given loan most likely do not reflect what actually happened to the funds As a result some argue that these documents are null and void The name of the real funder of the transaction rarely appears on these docu-ments The financial transaction occurred
with different terms and with a different party than are included on the note and other closing documents The instruc-tions to the closing agent generally come from a stranger to the transaction with instructions that any excess payment be refunded to that stranger
If the loan originator were the real payee then any wiring instructions should include terms such as ldquofor the benefit of [the name of that payee]rdquo That rarely happens The source of funds should also be included in the pooling and servicing agreement given to the investors of the mortgage-backed security pool That never happens either There is never any reference between the money chain that is represented by the wiring instructions and the documentation chain represented by the note mortgage and HUD-1
According to Garfield ldquoIt was this split between the money trail and the docu-ment trail that enabled the banks to create a long term gap during which they could trade lsquoownershiprsquo of the loan before mak-ing any attempt to deliver the loan to the investors who had advanced the fundsrdquo
To make matters even more confused the pretender lenders hedged insurance policies called credit default swaps against the potential loss of mortgage income due to default What they failed to reveal to investors was that the investment banks themselves were the ones being protected not the original investors who all had com-mingled funds in undifferentiated pools
The mortgage losses on the books of the banks also caused these same banks to get huge federal bailouts even though they had already been paid off for their losses
through credit default swaps
By following the money investigators can spot one falsehood after another showing how the investment banks cov-ered their assets while leaving distressed homeowners and the original investors to hang out to dry
Combining the method of following the money with digging up the paper trail be-hind a mortgage we now have a way to force the banks to negotiate on our terms Not only are we able to use this informa-tion to help underwater homeowners get out from under their homes with no short sale no deficiency and no coming out of pocket but we are able to pick up pretty houses at incredibly low prices
For more information on how you can get involved in helping underwater homeown-ers while doing some awesome deals give my office a call at 706-485-0162
Comment on this article online at httpatlantareiacomp=19049
Proving Lender Negligence and Fraud Part 2 Follow the Money By Bob Massey
Bob Massey706-485-0162infoREWealthCoachcom
wwwREWealthCoachcom
wwwFacebookcomBobMasseyOfficial
Bob Massey is a recovering corporate executive who is now living the dream running his own real successful estate investing business and
teaching others how to do the same In the process he has become the nationrsquos leading educator on the foreclosure investing the foreclosure process
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 9
Atlanta Real Estate Investors Alliance bull FEB 2013
Yoursquore driving your Uncle Bugsy to the doctor when you spot a ldquofor sale by ownerrdquo sign in
front of a nice little brick house Yoursquore already running late but yoursquove been watching this house ndash itrsquos got a big blue tarp draped over the roof ndash for a couple of months now Yoursquove got no pen and paper and you wonrsquot have time to stop later Sure you can snap a picture with your cellphone but yoursquod really like to take some notes too
Unfortunately Uncle Bugsy isnrsquot known for his patience so yoursquore only going to have about a minute before he starts com-plaining about how inconsiderate kids are nowadays
What should you do
If you have an iPad the solution is a great little app called CaptureNotes Capture-Notes might look like just another note-taking application but itrsquos not Yes it lets you do all the usual note-taking things create notes choose the type of paper and ink color and doodle and scribble on a touch screen So far itrsquos pretty ordinary
But there are three other things Capture-Notes does that make it really useful for us asreal estate investors
First it has some pretty sophisticated bells and whistles You can add photographs andrecord audio while yoursquore taking notes
(say in a seminar or while yoursquore inspect-ing a house) And then you can draw or write on the picture The app also uses searchable customizable color-coded flags as reminders (red for ldquoto dordquo for example or green for ldquoresearch neededrdquo) Those flags can even be used to tag a specific mo-ment in the audio
Second it allows you to import PDF files and use them as templates This is a great way to create standardized forms for spe-cific uses As an investor I find that this kind of streamlining is a big part of my success ndash it allows me to spend more time on buying and selling properties which is where the money is
Finally CaptureNotes provides a pretty painless way to back up your new files simply by uploading them to Dropbox or iTunes
Let me say something here about backing up your files If you arenrsquot already back-ing up please start Irsquove learned the hard way that itrsquos not a matter of IF your com-puter is going to crash Itrsquos a matter of WHEN And itrsquos a pretty safe bet that itrsquoll go dead at the worst possible time Please back it up
So picture it with the clock ticking (Un-cle Bugsy is waiting after all) you start a new notebook Then you jump out of the car and take pictures of the FSBO sign and various shots of the house Now add
those pictures to your note and then circle things on the picture of the house that might be problematic Go crazy and draw lots of arrows and circles Then flag some-thing just for the heck of it Between the flags and the ability to write and highlight in different colors yoursquoll have an exciting dynamic note thatrsquos definitely useful and darned near artistic
And thatrsquos a beautiful thing
Comment on this article online at httpatlantareiacomp=18998
Don DeRosainfoDonDeRosacom
wwwMobileRealEstateRockstarcomAtlanta-REIA
wwwFacebookcomDonDeRosa
wwwTwittercomDonDeRosa
Don DeRosa was recognized as one of the nationrsquos top 21 real estate investors in the New York Times bestseller The Millionaire Real Estate
Investor Don who is a full-time investor trainer and mentor is the first to offer his complete investing system on a mobile platform Don teaches investors how to Make More and Work Less by being more efficient productive and competitive leveraging mobile technology and apps on the iPad iPhone Android and other mobile devices
therersquos an app For that
CaptureNotes Your Life Color-Coded By Don DeRosa
ldquoIrsquom known for my handwritten notesrdquo ~ Pamela Anderson
wwwYouTubecomAtlantaREIA
Keep up to date with our latest videos by subscribing to our YouTube Channel
Attend Donrsquos Mobile Real Estate Rockstars Group on Feb 4th at 3PM
wwwTwittercomAtlantaREIAKeep up to date with our latest opportunities by joining us on Twitter
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 10
Atlanta Real Estate Investors Alliance bull FEB 2013
Marketing Magic tricks
By remembering just a few basics you as a Real Estate Investor can quickly determine whether or not
a seller is motivated to sell their prop-erty First of all a motivated seller will ask questions like ldquohow soon can you buy my houserdquo or ldquoHow can you help me get out of this situationrdquo or ldquoHow soon can you get hererdquo An experienced Real Estate Investor knows these are re-ally good questions for a seller to ask
There are two types of houses we are go-ing to buy either pretty houses or ugly houses and there are motivated sellers in both of these categories When you are marketing to sellers there are certain types of sellers who are much more likely to have a house they need to sell
For example I personally like working with out of state owners (folks who own a property where you live but donrsquot live there full time) heirs divorces vacant houses estate and probate properties military transfers and pre-foreclosures These sellers are much more likely to have a house they need to sell ldquoright nowrdquo and thatrsquos the kind of seller you want to work with As a Real Estate In-vestor you may also run into landlords who are fed up with tenants ruining their properties over and over These are all good sources of motivated sellers Most of these sellers are folks who donrsquot live in these properties
Okay so how are you the Real Estate Investor going to identify a motivated
seller First of all donrsquot be afraid to ask questions This is a basic truth in the real estate investing business The more will-ing a seller is to answer whatever ques-tions you ask the more motivated they are Never be afraid to ask ldquoIs that the least you would takerdquo You might be re-ally surprised at the answer to this ques-tion especially if you are dealing with a motivated seller
For example I recently worked with a seller who was asking $205000 for a property in good condition worth $275000 This seller was already mo-tivated but I ended up paying only $180000 for this property simply be-cause she asked if they would accept a lower price So be willing to ask ques-tions and know that the more willing a seller is to answer them the better deal you will make This is going to be very crucial to the success of your real estate investing business and the amount of profit you make on your deals
Another basic truth is that the more equity there is in a property the bet-ter a deal you are likely to make espe-cially if the house needs repairs Usually if there is a lot of equity and the sellers have owned the home for a long time or if they have just inherited it the more likely they are to let you have a large chunk of that equity for your profit
If there is very little equity in the prop-erty you are much less likely to be able to create a good deal unless the property
owner is simply willing to deed you the property for the balance of the mortgage and walk away As a seasoned Real Es-tate Investor I can personally tell you this absolutely happens So donrsquot be afraid to ask the question ldquoAre you will-ing to sell for what you owerdquo If they say yes you are dealing with a motivated seller who is likely to deed you the prop-erty for the balance of their mortgage which not only will lead to a good profit
Pre-Screening Sellers For Your Real Estate Investing Business ndash Part 2By Kathy Kennebrook The Marketing Magic Lady
Domain Names for just
$199
for first year with new non-domain purchase
httpSuperSmartDomainscombull Domain Names
bull Web amp Wordpress Hostingbull Email amp Exchange Accounts
bull SSL Certificatesbull Marketing Toolsbull and much more
Certain terms and conditions do apply See website for details
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 11
Atlanta Real Estate Investors Alliance bull FEB 2013
+ Voicemail+ Virtual Faxing
+ 24-7 Live Operators+ Online Management
Only
$30per month
Be sure to ask for the REIA discount
Or visit us on the web at
QualityAnsweringServicecomAtlantaREIA
877-774-1717
LIVE ANSWERING SERVICE
30MINUTES
Join us for Education amp networking at the Meeting-Before-the-Meeting each monthWe meet at the Total Wine amp More located at 124 Perimeter Center W
in Atlanta at 300pm before our Atlanta REIA Main Meeting
PERIMETER
wwwYouTubecomAtlantaREIA
Keep up to date with our latest videos by subscribing to our
YouTube Channel
for you but you donrsquot have to worry about where the money is coming from to fund your deal
Another truth is that the uglier the house the more motivated the seller is likely to be If you arenrsquot getting your offers accepted on ugly houses that you can quickly wholesale you arenrsquot target-ing the right kind of junker properties Ask any Real Estate Investor who has been in the business for awhile and they will tell you there is a fortune to be made in ugly houses The more difficult it is to find this type of seller the better deal you are going to make
Another situation that arises fairly often in todayrsquos market and creates motivated sellers is a simple one for you to spot If a seller is behind on payments this is definitely going to be a motivated seller If a motivated seller is behind on pay-ments and they have a lot of equity this is an opportunity for you to make a re-ally good deal You as a Real Estate In-vestor just have to learn to use a script to ask the right questions to determine if a seller is motivated and what kind of deal you are going to make with them Itrsquos not magic it just takes a little nego-tiation and a few questions to pre-screen sellers and create some really good deals
Just remember this the seller is either in or they are out donrsquot waste your time chasing dead deals If you follow this simple rule you will make a lot of mon-ey in your real estate investing business
For more information on pre-screening sellers locating motivated sellers and buyers and exit strategies visit Kathy Kennebrookrsquos website at wwwmarket-ingmagicladycom
Comment on this article online at httpatlantareiacomp=19027
Kathy Kennebrook941-792-5390KPaddlerATTnet
wwwMarketingMagicLadycom
wwwFacebookcomKathyKennebrook
Kathy Kennebrook is a speaker author and has been actively investing in real estate since 1999 Kathy currently resides in Bradenton FL and is known as the Marketing
Magic Lady because she is the countryrsquos leading real estate marketing expert on finding motivated sellers using direct mail
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 12
Atlanta Real Estate Investors Alliance bull FEB 2013
housing Second therersquos not much competition Folks wanting to buy a trailer are forced to pay all cash ndash cash they donrsquot have ndash because banks wonrsquot lend on used mobile homes in a park At the same time very few sellers offer owner financing If you buy for cash and then sell on time yoursquore offering a very unique ndash and profitable ndash service Third every month you receive mailbox money that is taxed as portfolio income ndash which means these earnings arenrsquot getting hit with Social Security or Medicare Taxes
There are also a couple of disadvantages First you must remember that park owners are all-powerful Donrsquot do a deal in a park unless you and the park owner have a clear meeting of the minds Second some of the buyers you work with can be pretty interesting Itrsquos shocking how many are 100 healthy but still get monthly disability checks These are your tax dollars at work folks
A few weeks back I partnered with my buddy Houston Long on my most recent Lonnie Deal He is a long-time
friend and fellow investor I put up the deal and the purchase money Houston agreed to be responsible for the rehab marketing and selling After Irsquove been repaid my purchase money we will split all profits 50-50
The trailer is a nice three-bedroom two-bath doublewide in a park in Acworth Georgia The seller was asking $12000 She agreed to our $5500 offer that included the following purchase terms Wersquod give her $3000 cash down if shersquod accept an unsecured note for the $2500 balance with payments of $100 per month at 0 interest for 25 months
A few weeks later Houston sold this home with owner financing for $17500 with the following sale terms $2000 down payments of $250 per month at 14 interest for 114 months
Including our expenses (about $2000) our yield on this deal was 39 When it came time to make our first $100 monthly payment to the seller we offered her $895 cash in exchange for our $2500 note She quickly accepted our offer Shorting our note from $2500
down to $895 lowered our purchase price from $5500 down to $3895 and increased our yield from 39 up to 5038
Over the years Kim and I have done a wide variety of creative deal structures Our favorite ndash and it happens to offer the highest yields ndash is Lonnie Deals
Comment on this article online at httpatlantareiacomp=19069
continued from page 1
Bill Cook 727-420-4810BillCook2009Gmailcom
wwwREIOutpostcom
Bill Cook is a full-time real estate investor speaker and author He specializes in single-family homes and mobile home parks Bill believes
that real estate investing especially the act of buying and holding rental property is the surest way to financial independence and wealth Bill and his wife Kim run North Georgia REIA where
they teach others how to successfully invest in real estate
Place Your Advertisement Here and Get Noticed
Sign up now and get your ad created by our design specialists for FREEThis introductory special is available for a limited time onlyIf you are ready to get started see our Advertising Rates in this issueThen call Christine Griffin at 678-701-7160 or email adminatlantareiacom
Mutiple Sizes Available
Buy a home like this at a (Actual Property Inventory May Vary)
Step-By-Step Real Estate SuccessAs Atlantas First Full Service Wholesaler We Can1 Find you the deal 65 of the after repair value (includes purchase
price and repairs)2 Provide a certified appraisal to validate value3 Finance the purchase price and repairs4 Have access to our in house contractors to complete repairs for you5 Use our selling agents to sell your beautiful renovated home6 Use our leasing agents if you prefer to buy and hold7 We have just taken all risk out of the deal for you
Goldmine PropertiesWhere Integrity amp Character Matter
WHoLESALE REAL ESTATE 65 LTV
Purchase Price amp Repairs are 65 of Certified After Repair Appraisal
Financing Available
SInCE 1996 WE HAVE WHoLESALED oVER 1700 PRoPERTIES
REnTAL PRoPERTIES 12-18 RoI with 35 Equity
THIS IS AS GooD AS IT GETS The most difficult and important aspect ofReal Estate Investing is finding the deal
ldquoTHIS IS OUR SPECIALTYrdquo
MIKE CHERWENKAmcherwenkaaolcom H wwwgoldminepropertiesnet
(Loan to Value)
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 14
Atlanta Real Estate Investors Alliance bull FEB 2013
PRAdO
Join us at the
Haves amp Wants MeetingEvery Thursday at 130pm 5 Seasons Brewing located at
5600 Roswell Rd in Sandy Springs at the Prado
Short Sales Are SailingBy Kimberlee Frank
Many Investors and Realtors avoid short sales like the plague They are definitely
missing the boat My business special-izes primarily in short sales and I have seen an increase in the number of ap-provals we are getting The time line for a short sale varies from 90 to 120 days if you submit the lender a ldquocompleterdquo short sale package Since short sales are dominating the market the Lenders are creating more streamlined processes to conduct smoother short sales If you do short sales then I am quite sure you have heard of the online system called ldquoEqua-torrdquo Equator allows all of the short sale paperwork to be processed electronically through one common venue versus tra-ditional and random faxes and emails Having a file processed online avoids the common objection from the short sale lender of ldquoWe didnrsquot receive the docu-mentsrdquo Effective January 1 2013 the newest lender that has started to use Equator is Chase The following lenders and servicers are presently using Equa-tor 1) Bank of America 2) Chase 3) Wells Fargo 4) GMAC 5) Nationstar 6) ASC 7) Carrington Mortgage and 8) Homeward Residential Services
The Equator System assigns applicable tasks to each party (Agent Negotiator Closer etc) including a deadline in which to complete each task I like the fact that the lenders can no longer say ldquoOh we never got that paperworkrdquo However I
donrsquot like the fact that they are tracking our information Nationstar has taken the collection of Buyerrsquos information to a whole new level They require all Buyers to fill out a loan application even though they most likely will not be using Nation-star as a lender This application has been mandatory and this has not been waived on any of my files If you are a Buyer on any property you are required to provide your name address telephone number DOB SS assets employment history and more This is regardless if you are purchasing for investment or personal use and if you are getting a mortgage or pay-ing cash
I believe that the lenders are collecting data against all Buyers and will soon share with each other how many deals each Buyer has purchased I had one student inform me that once he purchased over 10 properties from Bank of America he was no longer allowed to purchase any more in his name his wifersquos name or company name Therefore in the future when all lenders work as a team they will share all of this information and limit the amount of deals that an Investor can purchase Wells Fargo started using a system called Core-Logic approximately 2 years ago which al-lows them to simultaneously check to see who was applying for a mortgage at the same time they were conducting a short sale This caused Investors a hardship
even though they fully disclosed to Wells Fargo their intention to buy resell andor fix the property if they used my paper-work Many short sales were not approved at that time and many Investors had no idea WHY Some of the lenders frown on the fact that Investors are purchasing the property and would rather sell the house to a homeowner
You would think that the lenders since they are funded by Investors would un-derstand how we Investors work We donrsquot buy properties at full value as we are not going to live in the home This is a business and we canrsquot make the Sellerrsquos problem our problem by paying full value It is the Investors like us that are helping the lenders get money and not go under
Now is the time to purchase short sales and if you havenrsquot started you have 10 years to ride the wave so do it now Align yourself with a good Mentor and take flight just like many Investors around the world
Happy Sailing
Comment on this article online at httpatlantareiacomp=19030
Foreclosures gone WilD
Kimberlee Frank 407-888-3255KimberleeForeclosuresGoneWildcom
wwwForeclosuresGoneWildcom
wwwFacebookcomForeclosuresGoneWild
wwwLinkedincominKimberleeFrank
wwwTwittercomKimberleeFrank
Kimberlee Frank is a Master Negotiator who has closed over 600 deals since 1998 She is a Mentor Trainer Author and Real Estate Broker teaching Investors
and Realtors how to creatively purchase and sell short sales with her Step-by-Step System She has helped Investors and Realtors earn hundreds of thousands of dollars
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 15
Atlanta Real Estate Investors Alliance bull FEB 2013
Karen Bershad(770) 356-1234KarenSmallBusinessAdvisorbiz
wwwSmallBusinessAdvisorbiz
Karen Bershad is ldquoThe Small Business Advisorrdquo Most small business owners have a challenge handling all the different areas of
running a business The accounting can be a challenge particularly if the software seems overwhelming The Small Business Advisor is what you may need to get you to the next level of your business We work at your office or provide off site assistance in getting things under control by providing a wide variety of services that are specifically for the small business
How Do I Handle a Refundable Security Deposit in QuickBooksBy Karen Bershad The Small Business Advisor
It is the goal of this column to an-swer questions about QuickBooks and how it is used in the REI arena
Know how to record transactions in the proper way and have your set of books in good shape when it comes time for taxes It is our intention to do this by you the members submitting questions to Karensmallbusinessadvisorbiz and getting answers here in this column
Q I am having difficulty reconciling my bank account I have reviewed each entry and have found that several of my deposits do not match the amount the bank has for them How do I see all my detail on each deposit without click-ing on each one to open it
A Go to Reports ndash Banking ndash and look for a report called ldquoDeposit Detailrdquo It will give you line-by-line detail of your deposits in one report and you can com-pare that to what you have in the bank If you make copies of the checks for each deposit and put it with your deposit ticket on each one that will give you a paper back up of what you actually gave the bank This way if the bank made the error then you have details of what you produced to the bank
Q Why do I need to create sub accounts in my chart of accounts
A The Chart of Accounts is the main driver of the program If you have you accounts set up properly your reports ndash Income Statement and Balance Sheet ndash will be reflected properly You may want sub accounts for some of your ex-penses in particular to be able to see where certain money is being spent For instance ndash if you make sub accounts for Auto Expenses ndash Fuel Repairs amp Maint Tags Tolls amp Parking Insurance etc ndash you then can see that the total amount spent in that areas was not just Fuel which is expensive but you had a major repair done and therefore your compari-son to last year for the same time makes more sense
Q I received a ldquoRefundable Security Depos-itrdquo from my tenant How do I enter this into QuickBooks
A This is a Liability account that you will need to payout at some later date In your chart of accounts you should have a Liability account set up for Security De-posits Escrow ndash or some name that sets it apart from security deposits you paid that are owed back to you (which is an Asset) In the deposit window instead of showing this as income you should go to this special Liability account and book
it to that account When it is time to pay the tenant the money back less any damages if need be you will write the check out and expense it also to this Li-ability account to clear the money from the account
Comment on this article online at httpatlantareiacomp=19023
the QuickBooks Quickie
When yoursquore ready to get started see our Advertising Rates in this issue and then call Christine Griffin at 678-701-7160 or email adminatlantareiacom
httpatlantareiacomthe-profitadvertising-rates
If yoursquore looking to reach the Real Estate Industry here in the Greater Atlanta Metro Area and throughout Georgia you canrsquot do better than The PROFIT Your ad will reach more than 10000 each month with your message Our production teams are among some of the best designers in the country We make you look GOOD
Advertise Your Business in The Profit
American IRA Wants to be a Value Added Service to You or Your Business
Contact our office for any self-directed IRA questions you have or for a free consultation
1-866-7500-IRA(472) or infoamericaniracom
P We do business the old fashioned way At American IRA we pick up the phone
P We offer personalized service catered to each of our clientsrsquo needs
P We provide educational articles live webinars and many other resources
P We have experienced IRA instructors who are available for speaking engagements
P We provide joint webinars which allows you to high-light your services
P We provide free copies of your webinar in CDDVD format for you to promote your services
P We have a resource page on our website to list your services on (certain restrictions apply)
P We are experienced in investinghellip we understand your investment language
wwwAmericanIRAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 17
Atlanta Real Estate Investors Alliance bull FEB 2013
Business By the Book
Greed In Business = Trouble In The Family By Erven Kimble
The relentless drive to acquire the elusive ldquoAmerican Dreamrdquo is what fuels many business profes-
sionals To many in pursuit of the worldrsquos definition of success means ldquogetting more and morerdquo ldquoclimbing the corporate ladder at all costrdquo or perhaps it means ldquothe end justifies the means no matter whatrdquo This kind of ill-advised pursuit requires that a person disconnect other areas of life that makes significant demands on their time and attention One way to separate these distractions is to departmentalize them
Highly motivated entrepreneur and busi-ness professionals often compartmentalize their professional interests from the rest of their personal lives Many ldquogo-gettersrdquo tend to divide their lives into these differ-ent compartments and make decisions as if they are not interconnected For many their thoughts about church religion matters concerning God and the Bible or even their family have little or nothing to do with their day-to-day business decisions and activities that are required to be suc-cessful They rationalize that these differ-ent compartments neatly and separately co-exist For instance one might
bull Define things as being secular versus spiritual
bull Make clear distinctions between that which is personal as opposed to the professional matters
bull Or draw a big distinction between their family life and their business life
The truth of the matter is that God does not view our lives as being compartmen-talized A Biblical view sees the secular as spiritual and our professional and personal lives co-existing in the same space The
actions and the decisions that we make at the office effects what happens at home Whether a person realizes it or not deci-sions and practices in the work place have a direct impact on what happens back on the home front
The relentless drive to get more and more in the workplace is called ldquoGreedrdquo Greed is flaw that ultimately brings distrust and dishonor to all those involved A person in pursuit of unmerited gain is a continuous source of grief for themselves as well as their families Greed and covetousness leads men and women to habitually want more than their share As a results the progres-sive overflow of greed leads to bribes and the kickbacks Bribes and kickbacks are a perversion of justice a misrepresentation that ultimately breeds distrust and dishon-or to all those that are involved including all family members who bear their name
Those who refuse to be involved in these ungodly practices
will find longevity and prosperity
There is energizing freedom and great gratification in honesty that translates into the idea of establishing a legacy Business-men and businesswomen that strive to operate an honest business not only live well themselves they also leave a proud heritage to their children Conversely the foolish and fraudulent leave an inheritance of misery
ldquoThe good people who live honest lives will be a blessing to their childrenrdquo (Pr 207)(NCV)
A familyrsquos religious passion will produce the familyrsquos long-term qualities In other
words the children of ethical parents are the recipients of the divine favor of God The family traits model behavior that is mimicked by the children and ultimately the advantages or the hazards are experi-enced by the next generation When there are models of godly parents who live out their Christian beliefs the children are challenged to become wise themselves
Thoughts to Ponder
I Have you ever considered your business decisions would directly impact your family
II What legacy are you preparing to leave your children or family
III Have you considered the long term generational effect of your business practices
Comment on this article online at httpatlantareiacomp=19001
God does not view our lives as being compartmentalized
ldquoGreedy people bring trouble to their families but the person who canrsquot be paid to do wrong will liverdquo (Pr 1527)(NCV)
Erven Kimble 404-606-8909ElegantHomesLLCYahoocom
wwwPeopleWhoBuyHousescom
wwwFacebookcomEAKimble Erven Kimble is an accomplished pastor teacher author community leader licensed Christian Counselor and Real Estate entrepreneur Erven is a visionary that has faithfully
served as the Senior Pastor of a local church in Lilburn Georgia for twenty years
The author searched the Book of Proverbs and Psalms and extracted wisdom that reference business and finances to produce the series of articles called Business By The Book The purpose of these articles is to present time tested and proven Biblical principles in a way that is practical relevant and beneficial to the average business person
HOME INSPECTION
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major systems InspectIon$60 per Home amp one page summary report
Great for Rehabs
Investor major systems InspectIon25 of your Fees are credited toward
A Full Home Inspection
Investor InspectIon prIcIng on FUll InspectIons
bull 1st Home regular pricebull each Inspection accrues an additional
5 discount on Inspections 2ndash5bull Inspections 6 and beyond are 25 OFF
REI SPECIALS
bull FRee 90-day Home warranty wItH every complete Home InspectIon
bull FRee recall cHeck on applIcances and mecHanIcal components oF tHe Home wItH FRee Updates For lIFe
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bull reportsprInteDon-sItewIthIntheQUoted tIme - GuARAnteeD
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bull 247 onlIne scHedUlIng and docUment sIgnIng
bull FRee repaIrs re-InspectIon and InspectIon Update
bull FRee consUltIng For lIFe vIa pHone emaIl and skype
bull BOnDeD amp InsuReD wItH errors and omIssIons InsUrance
Visit wwwPetesFriendlyHomeInspectioncom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 19
Atlanta Real Estate Investors Alliance bull FEB 2013
Caution Landlords Accepting Money After Filing An Eviction Impacts Your RightsBy Attorney Jon David W Huffman
Landlords often have mixed emo-tions when their tenants call and offer them money after a dispos-
sessory warrant (an eviction) has been filed On one hand landlords are in the business of collecting rent However they worry how it may affect moving forward with the eviction Accepting a payment after an eviction is filed does af-fect your rights
Residential Landlords
A residential landlord has a duty to ac-cept a payment from a tenant who is in default if and only if the tenant tenders ldquoall rents allegedly owed plus the cost of the [eviction]rdquo1 However the tenant can-not wait until the last moment to do this They must tender the full payment within seven days of the day they were served the eviction paperwork2 There is no need to worry about a tenant doing this perpetu-ally because a landlord is only obligated to accept this type of payment once per year3 Making this payment provides a complete defense to the eviction and upon receipt a landlord should dismiss the eviction
If a residential tenant offers a partial pay-ment however BEWARE A residential landlord who accepts a partial payment from a tenant after an eviction has been filed waives his right to continue with the eviction and admits the continuance of the lease4 In simple terms the eviction fails and the landlord must start the eviction process over if he wishes to evict the ten-
ant It does not matter when the partial payment is made ndash whether one hour after the eviction is filed or five minutes before the eviction trial Thus the landlord must either reject the partial payment or if ac-cepted he must restart the eviction process
Commercial Landlords
Perhaps unsurprisingly the law on ldquonon-residentialrdquo or commercial leases allows more freedom to contract
A commercial tenantrsquos right to tender past due rent and the dispossessory fee can be contractually waived5 Indeed in many commercial real estate leases this right is waived All commercial landlords should have an attorney review their lease to en-sure that they have the right to regain possession of their property upon default without giving a tenant the right to pay the past due rent and dispossessory fees
Following the freedom-to-contract prin-ciple a commercial landlord can accept a partial payment without waiving his rights to evict Under OCGA sect 44-7-52(c) a commercial landlord is free to take a par-tial payment and continue the eviction process unhindered Of course any money received would offset the landlordrsquos dam-ages So commercial landlords cash that check and keep on going
Disclaimer The information contained in this article is for informational purposes only and is not legal advice or a substitute for legal counsel
It does not constitute advertising or solicitation The information in this article may or may not reflect the most current legal developments ac-cordingly this article is not guaranteed to be complete and should not be considered an indi-cation of future results
Comment on this article online at httpatlantareiacomp=19013
1 OCGA sect 44-7-52(a)2 Id 3 Id4 Gay v American Oil Co 115 Ga App 18 153 S E 2d 612 (1967)2 Id3 Id4 Gay v American Oil Co 115 Ga App 18 153 S E 2d 612 (1967)5 Hardwick v 3379 Peachtree 184 Ga App 822 824 363 SE2d 31 (1987)
real estate legal report
Jon David Huffman 404-373-4008 x 304JonDavidPooleLawGroupcom
wwwPooleLawGroupcom
wwwJonDavidHuffmancom
Jon David Huffman is a litigation attorney specializing in real estate disputes business disputes and commercial collections With
more than a decade of experience managing small businesses before attending Emory Law School he brings a business ownerrsquos perspective to the practice of law
wwwMeetUpcomAtlantaREIA
Join us on Meetup and RSVP for the meetings you will be attending
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 20
Atlanta Real Estate Investors Alliance bull FEB 2013
With each New Year comes new ventures More and more often investors have
to expand their investment territories in order to stay active As technology con-tinues to make the world a smaller place many investors are also looking at invest-ing in different states and some in differ-ent countries By doing this the amount of inventory increases dramatically if you make the right contacts At the same time if you work with investors that are open in investing out of state or in different coun-tries you have the ability to sell more
With all this said it is not always as easy as it may sound whether you are the buyer or seller As the buyer you need to make a trip to the new area you are looking to invest in The reason to do this is obviously to learn the market but secondly to make a few key contacts in the area The main contacts you need to make are a few wholesalers real estate agents contractors a title company and property management if you are look-ing for rentals Not only will these contacts help you in their area of specialty but they can also be go-to people for a second opinion on any potential deals In order for this to be a win-win situation you want to use these contactsrsquo services For example if you ask a contractor to verify repair cost on a home you should use himher for that project
The suggestions mentioned above also ap-ply to those looking to sell properties out-side their local area of expertise If you are teaming up with a local in a new area make sure you are working with someone that can answer questions experienced investors will need answered Keep in mind that just because someone tells you a property is a good deal to invest in does not mean it is
You may be marketing a property that you would normally not market Even worse you may end up selling a property that you would not have sold if you knew the market better Investors will typically follow you into another statecountry if you have been part of their success in their local market Investors should do their own due diligence but you should do your own before even marketing that deal otherwise you will lose credibility You may not only lose credibil-ity in the new market but also in your local market You can also lose money that you have out for a due diligence period andor earnest money if you discover that you con-tracted a dud Remember the importance of closing once you have a contract in place
Before venturing into a new market make sure you at least make the contacts men-tioned above Let them know your inten-tions of investing andor selling in their area soon but are currently familiarizing yourself with the market This will prevent them from thinking of you as just another window shopper Remember that if you create a win-win-win situation your success will continue to grow
Comment on this article online at httpatlantareiacomp=19041
FroM contract to closing
New TerritoriesBy Michael Vazquez
Michael Vazquez 678-951-9222MichaelPVazquezGmailcom
Michael Vazquez has been offering properties to real estate investors significantly below market value since 2006 in both Texas and Georgia
Michael is always looking to for more investors to work with
Solutions that help you Make More
Work LessUse your iPad iPhone or other mobile device anywhere tohellip
H Find comps and rental rates
H Sign and send contractsH Plan your entire rehabH and so much more
Check it out noW5 Day Trial for only $1
Make More Work LessGo To
MobileRealEstateRockstarcomAtlanta-REIA
Keep up to date with our latest opportunities by joining us on Twitter at wwwTwittercomAtlantaREIA
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 21
Atlanta Real Estate Investors Alliance bull FEB 2013
Every New Yearrsquos Day people consider what they want to ac-complish in the following year
Well we are now 30 days into 2013 and I am sure that you have reflected on 2012 What resolutions did you follow to success What results have you seen from last yearrsquos work
At the beginning of 2013 I reflected on what I considered success Like many of you I realized that I want to improve my monetary financial relationship and problem-solving skills because these lead us to success What is success in 2013 ACHIEVING MORE OF YOUR GOALS
We all know that success in our busi-ness means learning new tricks tips and techniques We must accumulate knowledge and power We must achieve a superior capacity to think and act effectively through presentations best practices and strong strategies We must have a highly competitive advantage a platinum value But how do we strengthen the skills that we MUST have
The ONLY way to achieve this is through what I call PAC Planning Accountability and Consistency
Planning
Planning means success Planning means that you will be prepared to react logically You will be able to carefully consider the market environment re-lationships and finances Planning sets you up for control of your own success
Because Irsquove been in this business for so long one of the many things I can tell you is an easy way to plan-- measure what you are doing Here is how
bull Graph your numbers once a week
bull Reflect on your graphmdashAre your ef-forts showing success
- If not change your strategy
- If so reflect on what you have done and decide how to do it even better
For example wanting to earn $200000 a year is my goaldesired outcome To do this I will work backwards from the goal to the actual steps and processes needed to allow me to achieve the goals These steps are the action plan
ONLY when we know our goals can we outline the steps to get there Only then can
we follow the steps and make adjustments
Accountability and Consistency
Do you make time for your success or do you need support to be consistently accountable to your goals your plan and yourself
This is where I come in I can coach you with your plan accountability and con-sistency PAC
Irsquod like to share some of my action steps for 2013mdashthese are examples of action steps that as your coach I can help you to create plan and execute As your coach I can help you increase your ex-pertise with goals like these by helping you to use the PAC principles
1 Increase my profitability by using my resources effectively and ef-ficiently Example Limit events tasks and time with people which donrsquot align with my goals or which canrsquot be satisfied
2 Create systems situations and op-portunities to meet and present to qualified customers Goal Meet new customers 20 of the time
3 Focus 100 on my emotional physical and mental focus What can I do
4 Debrief after events to increase my expertise
Consistent effort energy time use of resources and learning will allow me to achieve my goals It will help you toomdashif you apply PAC
With PAC and my assistance you can eliminate sabotaging behaviors and be-
hoW to Be a real estate investor
2013 A Year of Achieving Your Goals with PAC By Russ Hiner
Join us for
LATE nITE nETWoRKInGat the Meeting-After-the-MeetingWe meet at the Tilted Kilt Perimeter located 1155-B Mount Vernon Highway in Atlanta right after our Atlanta REIA Main Meeting
PERIMETERcontinued on page 23
Attend Russrsquos Creative Deal Structuring on Feb 9th at 7PM
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 22
Atlanta Real Estate Investors Alliance bull FEB 2013
Welcome back If you read Part One of this article you know that we covered the
other different types of popular real es-tate deals that most people do and the biggest problems with them these days Then we talked about how advantageous it is to do the new type of deals Whole-saling Pretty Houses
But we still have a few important things to cover so letrsquos pick up where we left offhellip
Once you agree on the deal amp terms with the seller you get all the paperwork signed amp closed at either a title compa-ny or attorneyrsquos office No exceptions Yoursquoll want that legal backup in case the seller conveniently forgets what they agreed to later
So now yoursquove got a deal under contract amp all the paperwork signed What now Simple You get it lsquosoldrsquo as an oppor-tunity to a tenant buyer who 1 Has a decent chunk of money to put down (typically $5000+minimum) and 2 Can afford the existing monthly mort-gage payments
For example letrsquos say you have a house worth $250000 The seller owes $260000 with monthly PITI payments of $1550 amp theyrsquore current The house needs little to no repair amp is in a great neighborhood where people want to live The seller just wants to walk amp realizes
that there is NO money to be made on this deal obviously
So at a glance it looks like this
ARV $250kOWE $260k PAYMENT $1550 PITI
currentREPAIRS $0ASKING $0 Just wants out (for what-
ever reason eg job x-ferloss divorce etc)
So you SELL the house on a Lease Purchase (aka lsquoRent to Ownrsquo) to a tenant buyer who falls in love with the house has at least $5000 to put down as Non-Refundable Option Consideration and can easily af-ford the $1550 monthly payments (plus utilities HOA etc obviously)
You arrange the closing at the title compa-nyattorneyrsquos office (have the tenant buyer pay their fee) and collect your check
hellipAND YOUrsquoRE DONE You are OUT of the deal from this
point forward
So what just happened And why would you WANT to be OUT of the deal after that
Good question Letrsquos recap shall we
You found amp negotiated a deal on a house with little to no equity that no one else would touch You solved the sellerrsquos prob-
lem amp they love you for it You then went amp found a tenant buyer who couldnrsquot buy a house now if their life depended on it (in most cases) and gave them an honest op-portunity to eventually buy this beautiful house in a beautiful neighborhoodhellip even if their credit is terrible
(NOTE The worse their credit is the more you should collect as a downpay-ment )
After that the tenant-buyer should just make the monthly mortgage pay-ments as rent There are a few options on how they can do this 1 Pay directly to the seller 2 Pay directly to the mortgage company 3 Pay to a 3rd-party paymentescrow company I highly suggest doing the 3rd so everyone can be sure the pay-ments are made on time There are several companies that will provide this service for you for a nominal fee ranging from $5 to $50mo Check around for more informa-tion on that
So herersquos the next big question WHY would YOU as the investor want to be DONE with the deal after that Why wouldnrsquot you want to get the deed or stay in the deal
Herersquos the answer You WOULD want to stay in the deal (and maybe get the deed)hellip IF
IF the seller has equity IF the house is go-ing UP in value Or IF the mortgage pay-
The Best Deals To Do in Real Estate in 2013 amp Beyond ndash Part 2By Tony Pearl
pearls oF WisDoM
NGaREIANorth GeorGia reia MoNthly MeetiNG
2nd Thursday of Each Month at 700 PMat the Hilton Garden Inn
Cartersville GA
See httpREIOutpostcom for more information
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 23
Atlanta Real Estate Investors Alliance bull FEB 2013
ments are LOW and the rent is HIGH Those are some great examples of why you WOULD want to remain in the deal
But IF the opposite is true you should simply collect your down payment from the seller amp assign that deal that you just lined up Wait a minute Assign the deal WHO would you assign the deal to
Irsquom smiling as I write this and hopefully you will too as you realize the obvious
You ASSIGN the deal right back to the SELLER of the house Does that make sense
When the house goes back up in value amp the tenant buyer is ready to buy guess what
Theyrsquoll buy directly from the seller And you explain all that to everyone involved in the deal
This Type Of Deal Is Tremendously Advantageous
To You When
bull Houses in that area are still declining in value
bull If the seller simply owes too much
bull Or if you just want an easy-in easy-out type of simple deal to do that still quickly puts thousands of dol-lars in your pocket without any risk or rehab
In the example above you got a check for (at least) $5000 pretty quickly and you donrsquot have to deal with the tenant-buyer or the seller ever again if you donrsquot want to In Out Paid Done Simple
Of course there are some important de-tails in the middle that you should learn If these types of deals make sense to you and you would like to learn more either ask your local REIA leader to get more information for you or drop me a line Irsquod love to help
So there you have it I believe that wholesaling pretty houses is one of the best types of deals you can be doing in 2013 amp beyond Itrsquos quick amp easy and there are plenty of deals like that out there now Best of all therersquos VERY little competition to do this For now
Hopefully your competition wonrsquot read this article
Until Next Time
Tony Pearl
Comment on this article online at httpatlantareiacomp=19037
Tony Pearl202-556-0670TonyTonyPearlcom
wwwTonyPearlcom
wwwFacebookcomTonyPearl
wwwTwittercomTheTonyPearl
wwwYoutubecomTonyPearl
Tony Pearl is an entrepreneur copywriter proud father mentor marketing consultant and talented teacher who resides in the Washington DC area He
has traveled to over 26 countries speaks 4 languages and continues to travel extensively He has been a professional Ballroom and Latin dance instructor competitor and exhibitor for over 19 years As a Real Estate Investor Tony has bought and sold over Ten Million dollars worth of real estate and has been educated by and associates with the best
Russ Hiner 404-660-4289RussRHinercom
wwwRHinercom
wwwFacebookcom1RHiner
Russ has been investing in real estate in Atlanta Georgia since 1981 His company currently controls apartment buildings and single-family properties in Georgia and
other states His focus is on raising private capital through Hedge Equity LLC
Russ invests everyday His knowledge and experience is current in the market He is capitalizing on the needs wants and desires of the customer He has a deep level of experience in building relationships with vendors investors tenants sellers and qualified buyers He has the knowledge to negotiate contracts manage rental properties and make his co-investors wealthy He enjoys taking properties which are virtually destroyed renovating them and creating a better community
come accountable Being accountable will lead to success which will give you the confidence to take responsibility for your greatness Confidence is liberating It leads to increased passion for your work With renewed passion 2013 can be your year of commitment and success With renewed energy you can follow your Plan that will lead you to Consis-tency Accountability and SUCCESS
So itrsquos 2013 You have goals
Will you use the same techniques that you did in 2012 Or will you join me and others whom Irsquove worked with in using new tools and renewed energy
What is the action step to begin plan-ning What should you do to help you remain on track
What can you do to make 2013 a differ-ent year for you a year of success
I am looking forward to meeting you and helping you on your way to a suc-cessful 2013
Comment on this article online at httpatlantareiacomp=19035
Achieving Your Goals with PAC cont from p21
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 24
Atlanta Real Estate Investors Alliance bull FEB 2013
How to Quickly Get 10 to 15 Good Rental Properties Paid For Free and Clear By Larry Harbolt
creative Financing is king
Larry Harbolt 727-420-4810LarryHarboltGmailcom
wwwLarryHarboltcom
wwwFacebookcomLarryHarbolt7
wwwTwittercomLarryHarbolt Larry Harbolt is the nationrsquos leading creative Seller Financing expert as well as a popular national real estate speaker and teacher whose time-
tested strategies and nuts and bolts teaching style has helped thousands of aspiring real estate entrepreneurs realize their financial dreams with little or no money and without the need for credit Larry has been successful creatively buying and selling real estate for over 30 years and has written numerous popular articles and real estate courses Larry also has been running a meetup group in St Petersburg FL for real estate investors for over 13 years
We are already in the second month of 2013 and I just had a conversation with one
of my students who wanted to know how to create wealth in the shortest possible pe-riod of time The following is my idea how wealth for any real estate investor can be created in the shortest period of time
Here is an example of how you can quickly achieve financial freedom and then wealth investing in real estate
For instance the first thing you need to do is buy 10 to 15 well selected income pro-ducing properties you are willing to keep long term as your retirement program and the base of your future wealth I personally love the thought of someone else having to go to work every day to earn money they give me in the form of rent each month that pays for my properties without me having to have a job or have to go to work every day Then once you have bought your 10 to 15 keeper rental houses in good neighborhoods with tenants who are pay-ing on time every month letrsquos say $1000 each month of which $520 goes for the monthly loan payment and after monthly expenses of property taxes property insur-ance a maintenance fund and a vacancy fund leaves you from the $1000 gross rent approximately $150 each month to put into your pocket Letrsquos say for each of your keeper rental properties you paid $88000 with very little money down and were able to get seller financing terms for 30 years
Then once you get those 10 to 15 houses free and clear with no debt each month you get to keep the entire $1000 from each house (less taxes and insurance and main-tenance costs) leaving you about $600 to $650 from each house each month Ten houses at $600 each equals $600000 each month paid directly to you to pay your bills Some of you might need 15
houses to achieve your goals If you have 15 houses x $600 net each month will give you $9000 per month income to cover your monthly expenses Once you have that much coming in each month you will have financial freedom but not yet wealth Wealth comes over time Let me show you how to get your properties free and clear in the shortest period of time
Getting Your 10 to 15 Houses Free and Clear In a Short
Period of Time
After you have your base of 10 to 15 houses bought then each year go out and buy an additional 10 to 15 houses The additional 10 to 15 houses you buy each year can be rehabbed and then sold If you were to take all of the profits from the sale of each of the additional 10 to 15 houses (after paying the taxes) and use the money you have left to pay off one or two of the loans on the houses you plan to keep and you did this over and over for a few years your base of rental properties would soon be com-pletely paid for and you would then have enough income coming in each month to be financially free
This is definitely a plausible and possible plan to become financially free in the short-est period of time Once you have done this you will then have more time and money to continue to buy even more houses sim-ply because you will have enough income each month coming in so you donrsquot have to go to a job you hate every day
Once all of your base of income produc-ing properties are completely paid for and are free and clear you will probably truly be a millionaire If you have 15 properties valued at $80000 that are free and clear your net worth will be $80000 X 15 = $1200000 Now you are wealthy
You Must Have a Wealth Building Strategy to Be
Successful
This is how true wealth is created over time People who only wholesale property for a living are not true investors -- they really have a job When a wholesaler buys a property and then passes it on to another person and they get paid a fee that money will be quickly spent and they then have to go out and find another property to whole-sale again so they can get another fee To me thatrsquos a job and I donrsquot want another job I want financial success
If you plan to be a successful real estate in-vestor and create the wealth you want it is going to be very important that you are able to recognize opportunity when it pres-ents itself It took me nearly 25 years to figure this out for myself and that is why I am sharing this information with you now so you can more quickly achieve financial freedom and your eventual wealth
Comment on this article online at httpatlantareiacomp=19032
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
Atlanta Real Estate Investors Alliance bull FEB 2013
Join our Mobile Real Estate Investor VIP ListJust text ATLAnTA to 404-996-1099Standard text message rates apply
Follow us online from your mobile phone at httpAtlantaREIAcom httpFacebookcomAtlantaREIA httpTwittercomAtlantaREIA httpYoutubecomAtlantaREIA httpMeetupcomAtlantaREIA
Want to stay plugged in and connected to Atlanta REIA from
your mobile device
Subscribe to The Profit Newsletter amp Email list at httpSubscribeAtlantaREIAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
For a Limited Time
Wersquore Sharing our Design Firm with our Advertisers
GROW YOUR BUSINESS TODAY placing an ad in The Profit and our design firm River City Consulting will design your ad for FREE Wersquoll also provide you with the digital file to use online and to have printed to use as promotional flyersMinimum 3-month Obligation
When yoursquore ready to get started call Christine Griffin at 678-701-7160 or email adminatlantareiacom
SEE THEIR WORK IN amp ON
AAttllaannttaa RREEIIAA MMeemmbbeerrsshhiipp AApppplliiccaattiioonn Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560
Atlanta REIA Use Only Member ____________ Exp Date ____________ ID Card Printed Sent _________
Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560 rev 1282011
Membership Plans - Choose a Membership Plan
Silver Membership for Individual $100year
Silver Membership for Couple $150year
Gold Membership for Individual $300year
Gold Membership for Couple $300year
Applicant Information - Please print clearly
Applicant 1 Applicant 2
Address
Phone 1 Phone 2
Email 1 Email 2
Sponsor (if applicable)
Payment Information - Please print clearly
Name on Card Total Amount $
Billing Address
Card Type Visa Master Card Discover American Express
Card Number Expiration Date Code
Terms of Sale Disclaimer amp Release The undersigned Applicant(s) hereafter called the Applicant understands and acknowledges that membership in the Atlanta Real Estate Investor Alliance hereafter called Atlanta REIA absolutely does NOT entitle nor make Applicant a legal member of Atlanta REIA LLC the company Applicant acknowledges that Atlanta REIA does not render legal tax economic or investment advice All programs are provided with the understanding that Atlanta REIA is not engaged in rendering legal tax or other professional services If legal tax or other expert assistance is required the services of a competent professional should be sought Atlanta REIA does not investigate its members nor vouch for nor make representation as to the honesty integrity reliability motives andor resources of its members officers directors employees agents and or contractors The Applicant in consideration for hisher acceptance as a member of Atlanta REIA hereby releases discharges and agrees to indemnify Atlanta REIA its officers directors members employees agents andor contractors from any liabilities now accrued or which may hereafter accrue from their actions inactions or communications made by Atlanta REIA andor officers directors members employees agents andor contractors in or through their respective capacities with Atlanta REIA Applicant agrees to comply with the terms and conditions described herein the Code of Ethics and any other terms described on our website at AtlantaREIAcom as well as any other Atlanta REIA rules and regulations Applicant agrees and acknowledges that Atlanta REIA may enforce these codes terms rules and regulations at its sole and absolute discretion and may terminate this membership at any time for any reason whatsoever Applicant grants to Atlanta REIA its representatives and employees the right to take photographs video or audio of Applicant and Applicants property Applicant authorizes Atlanta REIA its assigns and transferees to copyright use and publish the same in print andor electronically Applicant agrees that Atlanta REIA may use such photographs video and audio of Applicant with or without Applicants name and for any lawful purpose including but not limited to publicity illustration advertising and web content Applicant grants permission to Atlanta REIA to contact Applicant regarding membership and related business by phone fax email text message chat programs social networking automated voice broadcast dialers or any other means necessary By completing this application Applicant agrees to give Atlanta REIA permission to bill the credit card above for the membership plan selected above Applicant acknowledges and agrees that the term of membership is one (1) year and that billing for membership will be automatically renewed for one (1) year upon expiration at the then current membership rate and that the appropriate charges be applied to Applicants credit card on file Should Applicant decide to cancel membership a written notice of cancellation must be emailed faxed or sent via postal email to Atlanta REIA at the address email or fax below thirty (30) days prior to the next billing or renewal period Atlanta REIA must acknowledge receipt of this written cancellation notice for it to be valid Membership dues are NON-REFUNDABLE for any reason whatsoever Applicant promises NOT to initiate any refunds or credit card charge backs for these membership dues and related charges at any time Applicant agrees that Atlanta REIA may change the terms of this Agreement or its membership dues at any time by posting such changes to our website at AtlantaREIAcom By continuing membership Applicant agrees to be bound by such changes Applicant will send all written notifications to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 Fax 770-216-1560 Email noticesatlantareiacom With my signature I accept the Terms of Sale Disclaimer amp Release and I authorize Atlanta REIA LLC to charge my credit card for the membership plan above as well as total recurring amount shown I further acknowledge that these membership dues are non-refundable
Applicant 1 (sign) Applicant 2 (sign)
(print) (print)
Date Date
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 27
Atlanta Real Estate Investors Alliance bull FEB 2013
Atlanta REIA Meetings CalendarhttpAtlantaREIAcomMeetings
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
3rd Wednesday of Each MonthLate Nite Networking Buford900 PM ndash Late NiteTilted Kilt 3480 Financial Center Pkwy M1080 Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
3rd Thursday of Each MonthSavannah REIA630 PM ndash 900 PMGallery Espresso234 Bull St Savannah GALeader Aislee Jacksonhttpsavannahreiacom
4th Monday of Each MonthAtlanta REIA West Meeting630 PM ndash 900 PMCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Monday of Each MonthLate Nite Networking Marietta900 PM ndash CloseCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Tuesday of Each MonthNote Buyer Group Meeting630 PM ndash 830 PM Olive Garden 2467 Cobb Parkway SE Smyrna GALeader Tom Boyerhttpnbgatlantareiacom
4th Thursday (Once Per Quarter)Beginning Investors Group Meeting (BIG)630 PM ndash 900 PMChef Robrsquos Caribbean Cafe 5920 Roswell Rd NE A117 Sandy Springs GALeader Alan McDonaldhttpbigatlantareiacom
4th Thursday of Each MonthCash Cows Commercial Group1130 AM ndash 100 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GAhttpcashcowsatlantareiacom
Meets at Various Times Each MonthCash Flow Players Group MeetingTo Be AnnouncedSecrets Factory 2030 Powers Ferry Rd SE 440 Atlanta GALeader Alan McDonaldhttpcashflowatlantareiacom
2nd Wednesday of Each MonthSpanish Investors Networking Group (SING)630 PM ndash 830 PMTaco Depot 4788 Sugarloaf Pkwy 107 Lawrenceville GALeader Michael Vazquezhttpsingatlantareiacom
2nd Wednesday of Each MonthI Love Marketing Group700 PM ndash 900 PMSocial Vinings 3621 Vinings Slope SE Atlanta GALeader Rock Shukoorhttpilmatlantareiacom
2nd Thursday of Each MonthAtlanta REIA South Meeting630 PM ndash 830 PMGiovannarsquos Italian Kitchen 1375 Virginia Ave East Point GALeader Reggie Jackson amp Gordon Cattshttpsouthatlantareiacom
2nd Thursday of Each MonthNorth Georgia REIA700pm - 900pmHilton Garden Inn Cartersville 24 Liberty Drive Cartersville GALeaders Bill amp Kim Cookhttpreioutpostcom
2nd Thursday (Once Per Quarter)Small Business Group (SBG)330 PM ndash 530 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Karen Bershadhttpsbgatlantareiacom
3rd Monday of Each MonthMovers amp Shakers Lunch Meeting1100 AM ndash 130 PM5 Seasons Brewing3655 Old Milton Parkway Alpharetta GALeader Gordon Cattshttpmoversandshakersatlantareiacom
3rd Tuesday of Each MonthGwinnett County Group (The Fish Club)700 PM ndash 900 PMRed Lobster2055 Pleasant Hill Rd Duluth GALeader Aaron McGinnishttpfishclubatlantareiacom
3rd Wednesday of Each MonthAtlanta REIA North Meeting630 PM ndash 830 PM1960 Skylar Hill Dr Suite D Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
February 4th 2013Atlanta REIA Main Meeting530 PM ndash 900 PM Crowne Plaza Ravinia Hotel4355 Ashford Dunwoody Atlanta GA Leader Dustin Griffinhttpmainatlantareiacom
1st Monday of Each MonthLate Nite Networking Dunwoody930 PM ndash Late NiteTilted Kilt 1155-B Mount Vernon Hwy Atlanta GALeader Lee Buddenhttpmainatlantareiacom
1st Monday (Once Per Quarter)Mobile Real Estate Rockstars Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Don DeRosahttprockstarsatlantareiacom
1st Monday (Once Per Quarter) Short Sale amp Foreclosure Group300 PM ndash 530 PMTotal Wine amp More124 Perimeter Center W Atlanta GALeader Bob Masseyhttpssfatlantareiacom
1st Monday (Once Per Quarter)Active Investors Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Gordon Catts
1st Tuesday of Each MonthMountain REIA630 PM ndash 900 PMGolden Corral 2025 Market Place Blvd Cumming GALeader Gordon Cattshttpmountainreiacom
1st Wednesday of Each MonthCreative Deal Structuring Group (CDS)700 PM ndash 900 PMWhitehall Tavern 2391 Peachtree Rd NE Atlanta GALeader Russ Hinerhttpcdsatlantareiacom
Every Thursday (Except Major Holidays)Have amp Wants Meeting130 PM - 330 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Joe Thompsonhttphavesandwantsatlantareiacom
Next Meeting March 28th
Next Game on Sat Feb 9th
Meets Monday Feb 4th
ATLANTA REIA CALENDAR OF EVENTSFEBRUARY 2013
SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
Movers amp Shakers1100am - 130pm
Gwinnett County Group (The Fish Club) 700pm ndash 900pm
I Love Marketing Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pm
Mountain REIA630pm ndash 900pm
Atlanta REIA MAIN MEETING with Bill Cook
530pm ndash 900pmMobile Real Estate Rockstars Group 300-500pm
Creative DealStructuring Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pmAtlanta REIA South Meeting630pm ndash 830pmNorth Georgia REIA700pm - 900pm
NEWSLETTER dESigN PRovidEd by
SNEAK PEEK FOR MARCHMAR 4 ATLANTA REIA MEETING
APR 1 ATLANTA REIA MEETING WITH JAY CONNER
APR 27 FULL DAY WORKSHOP WITH JAY CONNER amp RON LEGRAND
Haves amp Wants Meeting130pm - 330pm
Cash Cows Commercial Group1130am - 100pmHaves amp Wants Meeting130pm - 330pm
Atlanta REIA West Meeting630pm ndash 900pmLate Nite Networking Marietta900 PM ndash Close
Note Buyer Group Meeting 6300pm ndash 830pm
Atlanta REIA North Meeting630pm-830pmLate Nite Networking Buford900pm - Late
Grow Your Wealth With The Financial
Calculator Workshopwith Bill amp Kim Cook
900am - 500pmCartersville GA
Wealth Building Using Self-
Directed IRAswith Dyches Boddiford amp
Pete FortunatoAtlanta GA
- FB
- YT
- MU
- Button 34
- Button 72
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 7
Atlanta Real Estate Investors Alliance bull FEB 2013
Atlanta REIA Member Benefits
bull AtlantaREIAcom Website Blog and Member Only Area
bull Affordable High Quality Educational Workshops amp Seminars
bull Fun Frequent Networking Opportunities
bull Weekly Special Interest Groups Meet Around Town
bull Lunch amp Learn Subgroup Meetings
bull Wine amp Dine Subgroup Dinner Meetings
bull Atlanta REIA Main Monthly Meeting amp Vendor Tradeshow
bull Learn From Home on Our Monthly Webcast Series
bull Members Can Watch Webcast Replays 247365 on AtlantaREIAcom
bull Atlanta REIA Subchapter Meetings
bull Community Outreach Programs
bull Haves amp Wants Speed Marketing Session and Weekly Meeting
bull Monthly Atlanta REIA ldquoThe Profitrdquo Interactive eNewsletter
bull Weekly Atlanta REIA Email Announcements Articles amp News
bull Volunteer Opportunities
bull Member Discounts on Workshops
bull Member Discounts from Local amp National Vendors
bull And much much more
Atlanta REIA Member Discounts
bull Lowersquos ndash Save up to 7 to22
bull Sherwin Williams Paint ndash Save 30 to 40
bull Sherwin William Flooring ndash Save on Carpet Vinyl Delivery and Installation
bull Sears Commercial ndash Save 4-15 on all Appliances
bull Nu-Set ndash Save on Locksets door hardware security amp lock boxes
bull Build-A-Sign ndash Save 15 on Signs Banners and Magnetics and other products and get Free Delivery on all orders
bull And much much more
Join Atlanta REIA TodayhttpAtlantaREIAcomMembershipBecome a Member of Atlanta REIA for as little as $100year Businesses can join for as little as $150year See our Membership Application in this issue of The Profit or visit
httpAtlantaREIAcomMembership
real estate raW
Have you ever thought about get-ting into the multifamily busi-ness Itrsquos not easy and itrsquos not
for everyone but if you have what it takes I can show you how I created Real Estate Raw to pull back the curtain on the com-mercial multifamily business I have sur-vived the down turn of the economy and quite frankly I donrsquot want to go through that again Do you
How many real estate seminars have you sat through to only find that it was one big SALES PITCH Starting a business armed only with sales pitches is never a good thing In this 5 part series I will be teaching you the ldquoreal siderdquo of the real estate business
Notice I keep saying real estate ldquobusinessrdquo That is one of the first lessons that most people get wrong when starting out in real estate Let me clarify this for you
An investor is someone who is sitting around with cash that they need to get a return on If you have all the cash you need to buy real estate withhellipthen you are an investor If you are trying to create wealth in real estate (not spend it) then you will need to raise money and possibly qualify for some loanshellipyou are not an investor you are a real estate entrepreneur
I make this distinction because most people get started in the real estate business with the wrong mindset and that leads to early frustration If you are not already wealthy and looking to put cash into a property for a return then as an entrepreneur you will be building a real estate business
Now that we have that clear you need to be prepared for all that being an entrepre-neur includes This will mean hard work work that you wonrsquot always get paid for You will need to create about 10-15 hours a week to begin with Keep in mind that the majority of this time will need to be
between 9am-5pm Monday through Fri-day This is when all the agents brokers and most sellers are available and you will need to be too
I understand that this may seem like a lot of time to someone who has a family and a job and you may not have a ton of time dur-ing the work week to dedicate to your new business Find it The one thing I tell my students is ldquothe closing table doesnrsquot carehellipyou get there or you donrsquotrdquo The world is full of people who wanted to be success-fulhellip but just couldnrsquot make it That is real estate and this is Real Estate Raw
The one thing I promise you is the truth and that I will keep it REAL
In the next 4 sections I will be teaching you what to fill those 15 hours a week with such as how to get deals funded with creative financing making creative offers and creating wealth by solving real estate problems
Comment on this article online at httpatlantareiacomp=19044
Getting Started in MultifamilyPart 1 of a 5 Part SeriesBill Ham
Bill Ham478-718-0993BillPhoenixResGroupcom
wwwLinkedIncomInBillHam1
Bill Ham has been in real estate for 8 years and has created a portfolio of nearly 400 units in Macon GA using creative and seller financing
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 8
Atlanta Real Estate Investors Alliance bull FEB 2013
I n my last article I explained that there are two approaches investors can take to determine whether or
not a lender has been negligent or com-mitted fraud The first approach I de-scribed is to look through the paper trail to dig up issues The second approach is to follow the money
Not many people truly understand how the mortgage and finance industries work Itrsquos basically a shell game with them mov-ing money around with little regard as to the laws and regulations that govern how banks are supposed to act
They play this constant game all suppos-edly in the name of increasing the money supply Attorney Neil Garfield describes the process as the bank starting out with $100 in the left pocket and taking $10 out to deposit in the right pocket but still re-porting to the SEC and investors that the full $100 is still in the left pocket When the next $10 comes out described as trad-ing profits or a fee the amount in the left pocket is still reported as $100 rather than the $80 that is actually there
This is just an example of how the fi-nancial transactions that represent the mortgaging of a home rarely take place the way the homeowner or the lenderrsquos investors think To really know what is taking place investigators must follow the money as well as the paper trail The note mortgage HUD-1 and other docu-mentation connected with any given loan most likely do not reflect what actually happened to the funds As a result some argue that these documents are null and void The name of the real funder of the transaction rarely appears on these docu-ments The financial transaction occurred
with different terms and with a different party than are included on the note and other closing documents The instruc-tions to the closing agent generally come from a stranger to the transaction with instructions that any excess payment be refunded to that stranger
If the loan originator were the real payee then any wiring instructions should include terms such as ldquofor the benefit of [the name of that payee]rdquo That rarely happens The source of funds should also be included in the pooling and servicing agreement given to the investors of the mortgage-backed security pool That never happens either There is never any reference between the money chain that is represented by the wiring instructions and the documentation chain represented by the note mortgage and HUD-1
According to Garfield ldquoIt was this split between the money trail and the docu-ment trail that enabled the banks to create a long term gap during which they could trade lsquoownershiprsquo of the loan before mak-ing any attempt to deliver the loan to the investors who had advanced the fundsrdquo
To make matters even more confused the pretender lenders hedged insurance policies called credit default swaps against the potential loss of mortgage income due to default What they failed to reveal to investors was that the investment banks themselves were the ones being protected not the original investors who all had com-mingled funds in undifferentiated pools
The mortgage losses on the books of the banks also caused these same banks to get huge federal bailouts even though they had already been paid off for their losses
through credit default swaps
By following the money investigators can spot one falsehood after another showing how the investment banks cov-ered their assets while leaving distressed homeowners and the original investors to hang out to dry
Combining the method of following the money with digging up the paper trail be-hind a mortgage we now have a way to force the banks to negotiate on our terms Not only are we able to use this informa-tion to help underwater homeowners get out from under their homes with no short sale no deficiency and no coming out of pocket but we are able to pick up pretty houses at incredibly low prices
For more information on how you can get involved in helping underwater homeown-ers while doing some awesome deals give my office a call at 706-485-0162
Comment on this article online at httpatlantareiacomp=19049
Proving Lender Negligence and Fraud Part 2 Follow the Money By Bob Massey
Bob Massey706-485-0162infoREWealthCoachcom
wwwREWealthCoachcom
wwwFacebookcomBobMasseyOfficial
Bob Massey is a recovering corporate executive who is now living the dream running his own real successful estate investing business and
teaching others how to do the same In the process he has become the nationrsquos leading educator on the foreclosure investing the foreclosure process
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 9
Atlanta Real Estate Investors Alliance bull FEB 2013
Yoursquore driving your Uncle Bugsy to the doctor when you spot a ldquofor sale by ownerrdquo sign in
front of a nice little brick house Yoursquore already running late but yoursquove been watching this house ndash itrsquos got a big blue tarp draped over the roof ndash for a couple of months now Yoursquove got no pen and paper and you wonrsquot have time to stop later Sure you can snap a picture with your cellphone but yoursquod really like to take some notes too
Unfortunately Uncle Bugsy isnrsquot known for his patience so yoursquore only going to have about a minute before he starts com-plaining about how inconsiderate kids are nowadays
What should you do
If you have an iPad the solution is a great little app called CaptureNotes Capture-Notes might look like just another note-taking application but itrsquos not Yes it lets you do all the usual note-taking things create notes choose the type of paper and ink color and doodle and scribble on a touch screen So far itrsquos pretty ordinary
But there are three other things Capture-Notes does that make it really useful for us asreal estate investors
First it has some pretty sophisticated bells and whistles You can add photographs andrecord audio while yoursquore taking notes
(say in a seminar or while yoursquore inspect-ing a house) And then you can draw or write on the picture The app also uses searchable customizable color-coded flags as reminders (red for ldquoto dordquo for example or green for ldquoresearch neededrdquo) Those flags can even be used to tag a specific mo-ment in the audio
Second it allows you to import PDF files and use them as templates This is a great way to create standardized forms for spe-cific uses As an investor I find that this kind of streamlining is a big part of my success ndash it allows me to spend more time on buying and selling properties which is where the money is
Finally CaptureNotes provides a pretty painless way to back up your new files simply by uploading them to Dropbox or iTunes
Let me say something here about backing up your files If you arenrsquot already back-ing up please start Irsquove learned the hard way that itrsquos not a matter of IF your com-puter is going to crash Itrsquos a matter of WHEN And itrsquos a pretty safe bet that itrsquoll go dead at the worst possible time Please back it up
So picture it with the clock ticking (Un-cle Bugsy is waiting after all) you start a new notebook Then you jump out of the car and take pictures of the FSBO sign and various shots of the house Now add
those pictures to your note and then circle things on the picture of the house that might be problematic Go crazy and draw lots of arrows and circles Then flag some-thing just for the heck of it Between the flags and the ability to write and highlight in different colors yoursquoll have an exciting dynamic note thatrsquos definitely useful and darned near artistic
And thatrsquos a beautiful thing
Comment on this article online at httpatlantareiacomp=18998
Don DeRosainfoDonDeRosacom
wwwMobileRealEstateRockstarcomAtlanta-REIA
wwwFacebookcomDonDeRosa
wwwTwittercomDonDeRosa
Don DeRosa was recognized as one of the nationrsquos top 21 real estate investors in the New York Times bestseller The Millionaire Real Estate
Investor Don who is a full-time investor trainer and mentor is the first to offer his complete investing system on a mobile platform Don teaches investors how to Make More and Work Less by being more efficient productive and competitive leveraging mobile technology and apps on the iPad iPhone Android and other mobile devices
therersquos an app For that
CaptureNotes Your Life Color-Coded By Don DeRosa
ldquoIrsquom known for my handwritten notesrdquo ~ Pamela Anderson
wwwYouTubecomAtlantaREIA
Keep up to date with our latest videos by subscribing to our YouTube Channel
Attend Donrsquos Mobile Real Estate Rockstars Group on Feb 4th at 3PM
wwwTwittercomAtlantaREIAKeep up to date with our latest opportunities by joining us on Twitter
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 10
Atlanta Real Estate Investors Alliance bull FEB 2013
Marketing Magic tricks
By remembering just a few basics you as a Real Estate Investor can quickly determine whether or not
a seller is motivated to sell their prop-erty First of all a motivated seller will ask questions like ldquohow soon can you buy my houserdquo or ldquoHow can you help me get out of this situationrdquo or ldquoHow soon can you get hererdquo An experienced Real Estate Investor knows these are re-ally good questions for a seller to ask
There are two types of houses we are go-ing to buy either pretty houses or ugly houses and there are motivated sellers in both of these categories When you are marketing to sellers there are certain types of sellers who are much more likely to have a house they need to sell
For example I personally like working with out of state owners (folks who own a property where you live but donrsquot live there full time) heirs divorces vacant houses estate and probate properties military transfers and pre-foreclosures These sellers are much more likely to have a house they need to sell ldquoright nowrdquo and thatrsquos the kind of seller you want to work with As a Real Estate In-vestor you may also run into landlords who are fed up with tenants ruining their properties over and over These are all good sources of motivated sellers Most of these sellers are folks who donrsquot live in these properties
Okay so how are you the Real Estate Investor going to identify a motivated
seller First of all donrsquot be afraid to ask questions This is a basic truth in the real estate investing business The more will-ing a seller is to answer whatever ques-tions you ask the more motivated they are Never be afraid to ask ldquoIs that the least you would takerdquo You might be re-ally surprised at the answer to this ques-tion especially if you are dealing with a motivated seller
For example I recently worked with a seller who was asking $205000 for a property in good condition worth $275000 This seller was already mo-tivated but I ended up paying only $180000 for this property simply be-cause she asked if they would accept a lower price So be willing to ask ques-tions and know that the more willing a seller is to answer them the better deal you will make This is going to be very crucial to the success of your real estate investing business and the amount of profit you make on your deals
Another basic truth is that the more equity there is in a property the bet-ter a deal you are likely to make espe-cially if the house needs repairs Usually if there is a lot of equity and the sellers have owned the home for a long time or if they have just inherited it the more likely they are to let you have a large chunk of that equity for your profit
If there is very little equity in the prop-erty you are much less likely to be able to create a good deal unless the property
owner is simply willing to deed you the property for the balance of the mortgage and walk away As a seasoned Real Es-tate Investor I can personally tell you this absolutely happens So donrsquot be afraid to ask the question ldquoAre you will-ing to sell for what you owerdquo If they say yes you are dealing with a motivated seller who is likely to deed you the prop-erty for the balance of their mortgage which not only will lead to a good profit
Pre-Screening Sellers For Your Real Estate Investing Business ndash Part 2By Kathy Kennebrook The Marketing Magic Lady
Domain Names for just
$199
for first year with new non-domain purchase
httpSuperSmartDomainscombull Domain Names
bull Web amp Wordpress Hostingbull Email amp Exchange Accounts
bull SSL Certificatesbull Marketing Toolsbull and much more
Certain terms and conditions do apply See website for details
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 11
Atlanta Real Estate Investors Alliance bull FEB 2013
+ Voicemail+ Virtual Faxing
+ 24-7 Live Operators+ Online Management
Only
$30per month
Be sure to ask for the REIA discount
Or visit us on the web at
QualityAnsweringServicecomAtlantaREIA
877-774-1717
LIVE ANSWERING SERVICE
30MINUTES
Join us for Education amp networking at the Meeting-Before-the-Meeting each monthWe meet at the Total Wine amp More located at 124 Perimeter Center W
in Atlanta at 300pm before our Atlanta REIA Main Meeting
PERIMETER
wwwYouTubecomAtlantaREIA
Keep up to date with our latest videos by subscribing to our
YouTube Channel
for you but you donrsquot have to worry about where the money is coming from to fund your deal
Another truth is that the uglier the house the more motivated the seller is likely to be If you arenrsquot getting your offers accepted on ugly houses that you can quickly wholesale you arenrsquot target-ing the right kind of junker properties Ask any Real Estate Investor who has been in the business for awhile and they will tell you there is a fortune to be made in ugly houses The more difficult it is to find this type of seller the better deal you are going to make
Another situation that arises fairly often in todayrsquos market and creates motivated sellers is a simple one for you to spot If a seller is behind on payments this is definitely going to be a motivated seller If a motivated seller is behind on pay-ments and they have a lot of equity this is an opportunity for you to make a re-ally good deal You as a Real Estate In-vestor just have to learn to use a script to ask the right questions to determine if a seller is motivated and what kind of deal you are going to make with them Itrsquos not magic it just takes a little nego-tiation and a few questions to pre-screen sellers and create some really good deals
Just remember this the seller is either in or they are out donrsquot waste your time chasing dead deals If you follow this simple rule you will make a lot of mon-ey in your real estate investing business
For more information on pre-screening sellers locating motivated sellers and buyers and exit strategies visit Kathy Kennebrookrsquos website at wwwmarket-ingmagicladycom
Comment on this article online at httpatlantareiacomp=19027
Kathy Kennebrook941-792-5390KPaddlerATTnet
wwwMarketingMagicLadycom
wwwFacebookcomKathyKennebrook
Kathy Kennebrook is a speaker author and has been actively investing in real estate since 1999 Kathy currently resides in Bradenton FL and is known as the Marketing
Magic Lady because she is the countryrsquos leading real estate marketing expert on finding motivated sellers using direct mail
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 12
Atlanta Real Estate Investors Alliance bull FEB 2013
housing Second therersquos not much competition Folks wanting to buy a trailer are forced to pay all cash ndash cash they donrsquot have ndash because banks wonrsquot lend on used mobile homes in a park At the same time very few sellers offer owner financing If you buy for cash and then sell on time yoursquore offering a very unique ndash and profitable ndash service Third every month you receive mailbox money that is taxed as portfolio income ndash which means these earnings arenrsquot getting hit with Social Security or Medicare Taxes
There are also a couple of disadvantages First you must remember that park owners are all-powerful Donrsquot do a deal in a park unless you and the park owner have a clear meeting of the minds Second some of the buyers you work with can be pretty interesting Itrsquos shocking how many are 100 healthy but still get monthly disability checks These are your tax dollars at work folks
A few weeks back I partnered with my buddy Houston Long on my most recent Lonnie Deal He is a long-time
friend and fellow investor I put up the deal and the purchase money Houston agreed to be responsible for the rehab marketing and selling After Irsquove been repaid my purchase money we will split all profits 50-50
The trailer is a nice three-bedroom two-bath doublewide in a park in Acworth Georgia The seller was asking $12000 She agreed to our $5500 offer that included the following purchase terms Wersquod give her $3000 cash down if shersquod accept an unsecured note for the $2500 balance with payments of $100 per month at 0 interest for 25 months
A few weeks later Houston sold this home with owner financing for $17500 with the following sale terms $2000 down payments of $250 per month at 14 interest for 114 months
Including our expenses (about $2000) our yield on this deal was 39 When it came time to make our first $100 monthly payment to the seller we offered her $895 cash in exchange for our $2500 note She quickly accepted our offer Shorting our note from $2500
down to $895 lowered our purchase price from $5500 down to $3895 and increased our yield from 39 up to 5038
Over the years Kim and I have done a wide variety of creative deal structures Our favorite ndash and it happens to offer the highest yields ndash is Lonnie Deals
Comment on this article online at httpatlantareiacomp=19069
continued from page 1
Bill Cook 727-420-4810BillCook2009Gmailcom
wwwREIOutpostcom
Bill Cook is a full-time real estate investor speaker and author He specializes in single-family homes and mobile home parks Bill believes
that real estate investing especially the act of buying and holding rental property is the surest way to financial independence and wealth Bill and his wife Kim run North Georgia REIA where
they teach others how to successfully invest in real estate
Place Your Advertisement Here and Get Noticed
Sign up now and get your ad created by our design specialists for FREEThis introductory special is available for a limited time onlyIf you are ready to get started see our Advertising Rates in this issueThen call Christine Griffin at 678-701-7160 or email adminatlantareiacom
Mutiple Sizes Available
Buy a home like this at a (Actual Property Inventory May Vary)
Step-By-Step Real Estate SuccessAs Atlantas First Full Service Wholesaler We Can1 Find you the deal 65 of the after repair value (includes purchase
price and repairs)2 Provide a certified appraisal to validate value3 Finance the purchase price and repairs4 Have access to our in house contractors to complete repairs for you5 Use our selling agents to sell your beautiful renovated home6 Use our leasing agents if you prefer to buy and hold7 We have just taken all risk out of the deal for you
Goldmine PropertiesWhere Integrity amp Character Matter
WHoLESALE REAL ESTATE 65 LTV
Purchase Price amp Repairs are 65 of Certified After Repair Appraisal
Financing Available
SInCE 1996 WE HAVE WHoLESALED oVER 1700 PRoPERTIES
REnTAL PRoPERTIES 12-18 RoI with 35 Equity
THIS IS AS GooD AS IT GETS The most difficult and important aspect ofReal Estate Investing is finding the deal
ldquoTHIS IS OUR SPECIALTYrdquo
MIKE CHERWENKAmcherwenkaaolcom H wwwgoldminepropertiesnet
(Loan to Value)
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 14
Atlanta Real Estate Investors Alliance bull FEB 2013
PRAdO
Join us at the
Haves amp Wants MeetingEvery Thursday at 130pm 5 Seasons Brewing located at
5600 Roswell Rd in Sandy Springs at the Prado
Short Sales Are SailingBy Kimberlee Frank
Many Investors and Realtors avoid short sales like the plague They are definitely
missing the boat My business special-izes primarily in short sales and I have seen an increase in the number of ap-provals we are getting The time line for a short sale varies from 90 to 120 days if you submit the lender a ldquocompleterdquo short sale package Since short sales are dominating the market the Lenders are creating more streamlined processes to conduct smoother short sales If you do short sales then I am quite sure you have heard of the online system called ldquoEqua-torrdquo Equator allows all of the short sale paperwork to be processed electronically through one common venue versus tra-ditional and random faxes and emails Having a file processed online avoids the common objection from the short sale lender of ldquoWe didnrsquot receive the docu-mentsrdquo Effective January 1 2013 the newest lender that has started to use Equator is Chase The following lenders and servicers are presently using Equa-tor 1) Bank of America 2) Chase 3) Wells Fargo 4) GMAC 5) Nationstar 6) ASC 7) Carrington Mortgage and 8) Homeward Residential Services
The Equator System assigns applicable tasks to each party (Agent Negotiator Closer etc) including a deadline in which to complete each task I like the fact that the lenders can no longer say ldquoOh we never got that paperworkrdquo However I
donrsquot like the fact that they are tracking our information Nationstar has taken the collection of Buyerrsquos information to a whole new level They require all Buyers to fill out a loan application even though they most likely will not be using Nation-star as a lender This application has been mandatory and this has not been waived on any of my files If you are a Buyer on any property you are required to provide your name address telephone number DOB SS assets employment history and more This is regardless if you are purchasing for investment or personal use and if you are getting a mortgage or pay-ing cash
I believe that the lenders are collecting data against all Buyers and will soon share with each other how many deals each Buyer has purchased I had one student inform me that once he purchased over 10 properties from Bank of America he was no longer allowed to purchase any more in his name his wifersquos name or company name Therefore in the future when all lenders work as a team they will share all of this information and limit the amount of deals that an Investor can purchase Wells Fargo started using a system called Core-Logic approximately 2 years ago which al-lows them to simultaneously check to see who was applying for a mortgage at the same time they were conducting a short sale This caused Investors a hardship
even though they fully disclosed to Wells Fargo their intention to buy resell andor fix the property if they used my paper-work Many short sales were not approved at that time and many Investors had no idea WHY Some of the lenders frown on the fact that Investors are purchasing the property and would rather sell the house to a homeowner
You would think that the lenders since they are funded by Investors would un-derstand how we Investors work We donrsquot buy properties at full value as we are not going to live in the home This is a business and we canrsquot make the Sellerrsquos problem our problem by paying full value It is the Investors like us that are helping the lenders get money and not go under
Now is the time to purchase short sales and if you havenrsquot started you have 10 years to ride the wave so do it now Align yourself with a good Mentor and take flight just like many Investors around the world
Happy Sailing
Comment on this article online at httpatlantareiacomp=19030
Foreclosures gone WilD
Kimberlee Frank 407-888-3255KimberleeForeclosuresGoneWildcom
wwwForeclosuresGoneWildcom
wwwFacebookcomForeclosuresGoneWild
wwwLinkedincominKimberleeFrank
wwwTwittercomKimberleeFrank
Kimberlee Frank is a Master Negotiator who has closed over 600 deals since 1998 She is a Mentor Trainer Author and Real Estate Broker teaching Investors
and Realtors how to creatively purchase and sell short sales with her Step-by-Step System She has helped Investors and Realtors earn hundreds of thousands of dollars
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 15
Atlanta Real Estate Investors Alliance bull FEB 2013
Karen Bershad(770) 356-1234KarenSmallBusinessAdvisorbiz
wwwSmallBusinessAdvisorbiz
Karen Bershad is ldquoThe Small Business Advisorrdquo Most small business owners have a challenge handling all the different areas of
running a business The accounting can be a challenge particularly if the software seems overwhelming The Small Business Advisor is what you may need to get you to the next level of your business We work at your office or provide off site assistance in getting things under control by providing a wide variety of services that are specifically for the small business
How Do I Handle a Refundable Security Deposit in QuickBooksBy Karen Bershad The Small Business Advisor
It is the goal of this column to an-swer questions about QuickBooks and how it is used in the REI arena
Know how to record transactions in the proper way and have your set of books in good shape when it comes time for taxes It is our intention to do this by you the members submitting questions to Karensmallbusinessadvisorbiz and getting answers here in this column
Q I am having difficulty reconciling my bank account I have reviewed each entry and have found that several of my deposits do not match the amount the bank has for them How do I see all my detail on each deposit without click-ing on each one to open it
A Go to Reports ndash Banking ndash and look for a report called ldquoDeposit Detailrdquo It will give you line-by-line detail of your deposits in one report and you can com-pare that to what you have in the bank If you make copies of the checks for each deposit and put it with your deposit ticket on each one that will give you a paper back up of what you actually gave the bank This way if the bank made the error then you have details of what you produced to the bank
Q Why do I need to create sub accounts in my chart of accounts
A The Chart of Accounts is the main driver of the program If you have you accounts set up properly your reports ndash Income Statement and Balance Sheet ndash will be reflected properly You may want sub accounts for some of your ex-penses in particular to be able to see where certain money is being spent For instance ndash if you make sub accounts for Auto Expenses ndash Fuel Repairs amp Maint Tags Tolls amp Parking Insurance etc ndash you then can see that the total amount spent in that areas was not just Fuel which is expensive but you had a major repair done and therefore your compari-son to last year for the same time makes more sense
Q I received a ldquoRefundable Security Depos-itrdquo from my tenant How do I enter this into QuickBooks
A This is a Liability account that you will need to payout at some later date In your chart of accounts you should have a Liability account set up for Security De-posits Escrow ndash or some name that sets it apart from security deposits you paid that are owed back to you (which is an Asset) In the deposit window instead of showing this as income you should go to this special Liability account and book
it to that account When it is time to pay the tenant the money back less any damages if need be you will write the check out and expense it also to this Li-ability account to clear the money from the account
Comment on this article online at httpatlantareiacomp=19023
the QuickBooks Quickie
When yoursquore ready to get started see our Advertising Rates in this issue and then call Christine Griffin at 678-701-7160 or email adminatlantareiacom
httpatlantareiacomthe-profitadvertising-rates
If yoursquore looking to reach the Real Estate Industry here in the Greater Atlanta Metro Area and throughout Georgia you canrsquot do better than The PROFIT Your ad will reach more than 10000 each month with your message Our production teams are among some of the best designers in the country We make you look GOOD
Advertise Your Business in The Profit
American IRA Wants to be a Value Added Service to You or Your Business
Contact our office for any self-directed IRA questions you have or for a free consultation
1-866-7500-IRA(472) or infoamericaniracom
P We do business the old fashioned way At American IRA we pick up the phone
P We offer personalized service catered to each of our clientsrsquo needs
P We provide educational articles live webinars and many other resources
P We have experienced IRA instructors who are available for speaking engagements
P We provide joint webinars which allows you to high-light your services
P We provide free copies of your webinar in CDDVD format for you to promote your services
P We have a resource page on our website to list your services on (certain restrictions apply)
P We are experienced in investinghellip we understand your investment language
wwwAmericanIRAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 17
Atlanta Real Estate Investors Alliance bull FEB 2013
Business By the Book
Greed In Business = Trouble In The Family By Erven Kimble
The relentless drive to acquire the elusive ldquoAmerican Dreamrdquo is what fuels many business profes-
sionals To many in pursuit of the worldrsquos definition of success means ldquogetting more and morerdquo ldquoclimbing the corporate ladder at all costrdquo or perhaps it means ldquothe end justifies the means no matter whatrdquo This kind of ill-advised pursuit requires that a person disconnect other areas of life that makes significant demands on their time and attention One way to separate these distractions is to departmentalize them
Highly motivated entrepreneur and busi-ness professionals often compartmentalize their professional interests from the rest of their personal lives Many ldquogo-gettersrdquo tend to divide their lives into these differ-ent compartments and make decisions as if they are not interconnected For many their thoughts about church religion matters concerning God and the Bible or even their family have little or nothing to do with their day-to-day business decisions and activities that are required to be suc-cessful They rationalize that these differ-ent compartments neatly and separately co-exist For instance one might
bull Define things as being secular versus spiritual
bull Make clear distinctions between that which is personal as opposed to the professional matters
bull Or draw a big distinction between their family life and their business life
The truth of the matter is that God does not view our lives as being compartmen-talized A Biblical view sees the secular as spiritual and our professional and personal lives co-existing in the same space The
actions and the decisions that we make at the office effects what happens at home Whether a person realizes it or not deci-sions and practices in the work place have a direct impact on what happens back on the home front
The relentless drive to get more and more in the workplace is called ldquoGreedrdquo Greed is flaw that ultimately brings distrust and dishonor to all those involved A person in pursuit of unmerited gain is a continuous source of grief for themselves as well as their families Greed and covetousness leads men and women to habitually want more than their share As a results the progres-sive overflow of greed leads to bribes and the kickbacks Bribes and kickbacks are a perversion of justice a misrepresentation that ultimately breeds distrust and dishon-or to all those that are involved including all family members who bear their name
Those who refuse to be involved in these ungodly practices
will find longevity and prosperity
There is energizing freedom and great gratification in honesty that translates into the idea of establishing a legacy Business-men and businesswomen that strive to operate an honest business not only live well themselves they also leave a proud heritage to their children Conversely the foolish and fraudulent leave an inheritance of misery
ldquoThe good people who live honest lives will be a blessing to their childrenrdquo (Pr 207)(NCV)
A familyrsquos religious passion will produce the familyrsquos long-term qualities In other
words the children of ethical parents are the recipients of the divine favor of God The family traits model behavior that is mimicked by the children and ultimately the advantages or the hazards are experi-enced by the next generation When there are models of godly parents who live out their Christian beliefs the children are challenged to become wise themselves
Thoughts to Ponder
I Have you ever considered your business decisions would directly impact your family
II What legacy are you preparing to leave your children or family
III Have you considered the long term generational effect of your business practices
Comment on this article online at httpatlantareiacomp=19001
God does not view our lives as being compartmentalized
ldquoGreedy people bring trouble to their families but the person who canrsquot be paid to do wrong will liverdquo (Pr 1527)(NCV)
Erven Kimble 404-606-8909ElegantHomesLLCYahoocom
wwwPeopleWhoBuyHousescom
wwwFacebookcomEAKimble Erven Kimble is an accomplished pastor teacher author community leader licensed Christian Counselor and Real Estate entrepreneur Erven is a visionary that has faithfully
served as the Senior Pastor of a local church in Lilburn Georgia for twenty years
The author searched the Book of Proverbs and Psalms and extracted wisdom that reference business and finances to produce the series of articles called Business By The Book The purpose of these articles is to present time tested and proven Biblical principles in a way that is practical relevant and beneficial to the average business person
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Great for Rehabs
Investor major systems InspectIon25 of your Fees are credited toward
A Full Home Inspection
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bull 1st Home regular pricebull each Inspection accrues an additional
5 discount on Inspections 2ndash5bull Inspections 6 and beyond are 25 OFF
REI SPECIALS
bull FRee 90-day Home warranty wItH every complete Home InspectIon
bull FRee recall cHeck on applIcances and mecHanIcal components oF tHe Home wItH FRee Updates For lIFe
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bull 247 onlIne scHedUlIng and docUment sIgnIng
bull FRee repaIrs re-InspectIon and InspectIon Update
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bull BOnDeD amp InsuReD wItH errors and omIssIons InsUrance
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copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 19
Atlanta Real Estate Investors Alliance bull FEB 2013
Caution Landlords Accepting Money After Filing An Eviction Impacts Your RightsBy Attorney Jon David W Huffman
Landlords often have mixed emo-tions when their tenants call and offer them money after a dispos-
sessory warrant (an eviction) has been filed On one hand landlords are in the business of collecting rent However they worry how it may affect moving forward with the eviction Accepting a payment after an eviction is filed does af-fect your rights
Residential Landlords
A residential landlord has a duty to ac-cept a payment from a tenant who is in default if and only if the tenant tenders ldquoall rents allegedly owed plus the cost of the [eviction]rdquo1 However the tenant can-not wait until the last moment to do this They must tender the full payment within seven days of the day they were served the eviction paperwork2 There is no need to worry about a tenant doing this perpetu-ally because a landlord is only obligated to accept this type of payment once per year3 Making this payment provides a complete defense to the eviction and upon receipt a landlord should dismiss the eviction
If a residential tenant offers a partial pay-ment however BEWARE A residential landlord who accepts a partial payment from a tenant after an eviction has been filed waives his right to continue with the eviction and admits the continuance of the lease4 In simple terms the eviction fails and the landlord must start the eviction process over if he wishes to evict the ten-
ant It does not matter when the partial payment is made ndash whether one hour after the eviction is filed or five minutes before the eviction trial Thus the landlord must either reject the partial payment or if ac-cepted he must restart the eviction process
Commercial Landlords
Perhaps unsurprisingly the law on ldquonon-residentialrdquo or commercial leases allows more freedom to contract
A commercial tenantrsquos right to tender past due rent and the dispossessory fee can be contractually waived5 Indeed in many commercial real estate leases this right is waived All commercial landlords should have an attorney review their lease to en-sure that they have the right to regain possession of their property upon default without giving a tenant the right to pay the past due rent and dispossessory fees
Following the freedom-to-contract prin-ciple a commercial landlord can accept a partial payment without waiving his rights to evict Under OCGA sect 44-7-52(c) a commercial landlord is free to take a par-tial payment and continue the eviction process unhindered Of course any money received would offset the landlordrsquos dam-ages So commercial landlords cash that check and keep on going
Disclaimer The information contained in this article is for informational purposes only and is not legal advice or a substitute for legal counsel
It does not constitute advertising or solicitation The information in this article may or may not reflect the most current legal developments ac-cordingly this article is not guaranteed to be complete and should not be considered an indi-cation of future results
Comment on this article online at httpatlantareiacomp=19013
1 OCGA sect 44-7-52(a)2 Id 3 Id4 Gay v American Oil Co 115 Ga App 18 153 S E 2d 612 (1967)2 Id3 Id4 Gay v American Oil Co 115 Ga App 18 153 S E 2d 612 (1967)5 Hardwick v 3379 Peachtree 184 Ga App 822 824 363 SE2d 31 (1987)
real estate legal report
Jon David Huffman 404-373-4008 x 304JonDavidPooleLawGroupcom
wwwPooleLawGroupcom
wwwJonDavidHuffmancom
Jon David Huffman is a litigation attorney specializing in real estate disputes business disputes and commercial collections With
more than a decade of experience managing small businesses before attending Emory Law School he brings a business ownerrsquos perspective to the practice of law
wwwMeetUpcomAtlantaREIA
Join us on Meetup and RSVP for the meetings you will be attending
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 20
Atlanta Real Estate Investors Alliance bull FEB 2013
With each New Year comes new ventures More and more often investors have
to expand their investment territories in order to stay active As technology con-tinues to make the world a smaller place many investors are also looking at invest-ing in different states and some in differ-ent countries By doing this the amount of inventory increases dramatically if you make the right contacts At the same time if you work with investors that are open in investing out of state or in different coun-tries you have the ability to sell more
With all this said it is not always as easy as it may sound whether you are the buyer or seller As the buyer you need to make a trip to the new area you are looking to invest in The reason to do this is obviously to learn the market but secondly to make a few key contacts in the area The main contacts you need to make are a few wholesalers real estate agents contractors a title company and property management if you are look-ing for rentals Not only will these contacts help you in their area of specialty but they can also be go-to people for a second opinion on any potential deals In order for this to be a win-win situation you want to use these contactsrsquo services For example if you ask a contractor to verify repair cost on a home you should use himher for that project
The suggestions mentioned above also ap-ply to those looking to sell properties out-side their local area of expertise If you are teaming up with a local in a new area make sure you are working with someone that can answer questions experienced investors will need answered Keep in mind that just because someone tells you a property is a good deal to invest in does not mean it is
You may be marketing a property that you would normally not market Even worse you may end up selling a property that you would not have sold if you knew the market better Investors will typically follow you into another statecountry if you have been part of their success in their local market Investors should do their own due diligence but you should do your own before even marketing that deal otherwise you will lose credibility You may not only lose credibil-ity in the new market but also in your local market You can also lose money that you have out for a due diligence period andor earnest money if you discover that you con-tracted a dud Remember the importance of closing once you have a contract in place
Before venturing into a new market make sure you at least make the contacts men-tioned above Let them know your inten-tions of investing andor selling in their area soon but are currently familiarizing yourself with the market This will prevent them from thinking of you as just another window shopper Remember that if you create a win-win-win situation your success will continue to grow
Comment on this article online at httpatlantareiacomp=19041
FroM contract to closing
New TerritoriesBy Michael Vazquez
Michael Vazquez 678-951-9222MichaelPVazquezGmailcom
Michael Vazquez has been offering properties to real estate investors significantly below market value since 2006 in both Texas and Georgia
Michael is always looking to for more investors to work with
Solutions that help you Make More
Work LessUse your iPad iPhone or other mobile device anywhere tohellip
H Find comps and rental rates
H Sign and send contractsH Plan your entire rehabH and so much more
Check it out noW5 Day Trial for only $1
Make More Work LessGo To
MobileRealEstateRockstarcomAtlanta-REIA
Keep up to date with our latest opportunities by joining us on Twitter at wwwTwittercomAtlantaREIA
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 21
Atlanta Real Estate Investors Alliance bull FEB 2013
Every New Yearrsquos Day people consider what they want to ac-complish in the following year
Well we are now 30 days into 2013 and I am sure that you have reflected on 2012 What resolutions did you follow to success What results have you seen from last yearrsquos work
At the beginning of 2013 I reflected on what I considered success Like many of you I realized that I want to improve my monetary financial relationship and problem-solving skills because these lead us to success What is success in 2013 ACHIEVING MORE OF YOUR GOALS
We all know that success in our busi-ness means learning new tricks tips and techniques We must accumulate knowledge and power We must achieve a superior capacity to think and act effectively through presentations best practices and strong strategies We must have a highly competitive advantage a platinum value But how do we strengthen the skills that we MUST have
The ONLY way to achieve this is through what I call PAC Planning Accountability and Consistency
Planning
Planning means success Planning means that you will be prepared to react logically You will be able to carefully consider the market environment re-lationships and finances Planning sets you up for control of your own success
Because Irsquove been in this business for so long one of the many things I can tell you is an easy way to plan-- measure what you are doing Here is how
bull Graph your numbers once a week
bull Reflect on your graphmdashAre your ef-forts showing success
- If not change your strategy
- If so reflect on what you have done and decide how to do it even better
For example wanting to earn $200000 a year is my goaldesired outcome To do this I will work backwards from the goal to the actual steps and processes needed to allow me to achieve the goals These steps are the action plan
ONLY when we know our goals can we outline the steps to get there Only then can
we follow the steps and make adjustments
Accountability and Consistency
Do you make time for your success or do you need support to be consistently accountable to your goals your plan and yourself
This is where I come in I can coach you with your plan accountability and con-sistency PAC
Irsquod like to share some of my action steps for 2013mdashthese are examples of action steps that as your coach I can help you to create plan and execute As your coach I can help you increase your ex-pertise with goals like these by helping you to use the PAC principles
1 Increase my profitability by using my resources effectively and ef-ficiently Example Limit events tasks and time with people which donrsquot align with my goals or which canrsquot be satisfied
2 Create systems situations and op-portunities to meet and present to qualified customers Goal Meet new customers 20 of the time
3 Focus 100 on my emotional physical and mental focus What can I do
4 Debrief after events to increase my expertise
Consistent effort energy time use of resources and learning will allow me to achieve my goals It will help you toomdashif you apply PAC
With PAC and my assistance you can eliminate sabotaging behaviors and be-
hoW to Be a real estate investor
2013 A Year of Achieving Your Goals with PAC By Russ Hiner
Join us for
LATE nITE nETWoRKInGat the Meeting-After-the-MeetingWe meet at the Tilted Kilt Perimeter located 1155-B Mount Vernon Highway in Atlanta right after our Atlanta REIA Main Meeting
PERIMETERcontinued on page 23
Attend Russrsquos Creative Deal Structuring on Feb 9th at 7PM
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 22
Atlanta Real Estate Investors Alliance bull FEB 2013
Welcome back If you read Part One of this article you know that we covered the
other different types of popular real es-tate deals that most people do and the biggest problems with them these days Then we talked about how advantageous it is to do the new type of deals Whole-saling Pretty Houses
But we still have a few important things to cover so letrsquos pick up where we left offhellip
Once you agree on the deal amp terms with the seller you get all the paperwork signed amp closed at either a title compa-ny or attorneyrsquos office No exceptions Yoursquoll want that legal backup in case the seller conveniently forgets what they agreed to later
So now yoursquove got a deal under contract amp all the paperwork signed What now Simple You get it lsquosoldrsquo as an oppor-tunity to a tenant buyer who 1 Has a decent chunk of money to put down (typically $5000+minimum) and 2 Can afford the existing monthly mort-gage payments
For example letrsquos say you have a house worth $250000 The seller owes $260000 with monthly PITI payments of $1550 amp theyrsquore current The house needs little to no repair amp is in a great neighborhood where people want to live The seller just wants to walk amp realizes
that there is NO money to be made on this deal obviously
So at a glance it looks like this
ARV $250kOWE $260k PAYMENT $1550 PITI
currentREPAIRS $0ASKING $0 Just wants out (for what-
ever reason eg job x-ferloss divorce etc)
So you SELL the house on a Lease Purchase (aka lsquoRent to Ownrsquo) to a tenant buyer who falls in love with the house has at least $5000 to put down as Non-Refundable Option Consideration and can easily af-ford the $1550 monthly payments (plus utilities HOA etc obviously)
You arrange the closing at the title compa-nyattorneyrsquos office (have the tenant buyer pay their fee) and collect your check
hellipAND YOUrsquoRE DONE You are OUT of the deal from this
point forward
So what just happened And why would you WANT to be OUT of the deal after that
Good question Letrsquos recap shall we
You found amp negotiated a deal on a house with little to no equity that no one else would touch You solved the sellerrsquos prob-
lem amp they love you for it You then went amp found a tenant buyer who couldnrsquot buy a house now if their life depended on it (in most cases) and gave them an honest op-portunity to eventually buy this beautiful house in a beautiful neighborhoodhellip even if their credit is terrible
(NOTE The worse their credit is the more you should collect as a downpay-ment )
After that the tenant-buyer should just make the monthly mortgage pay-ments as rent There are a few options on how they can do this 1 Pay directly to the seller 2 Pay directly to the mortgage company 3 Pay to a 3rd-party paymentescrow company I highly suggest doing the 3rd so everyone can be sure the pay-ments are made on time There are several companies that will provide this service for you for a nominal fee ranging from $5 to $50mo Check around for more informa-tion on that
So herersquos the next big question WHY would YOU as the investor want to be DONE with the deal after that Why wouldnrsquot you want to get the deed or stay in the deal
Herersquos the answer You WOULD want to stay in the deal (and maybe get the deed)hellip IF
IF the seller has equity IF the house is go-ing UP in value Or IF the mortgage pay-
The Best Deals To Do in Real Estate in 2013 amp Beyond ndash Part 2By Tony Pearl
pearls oF WisDoM
NGaREIANorth GeorGia reia MoNthly MeetiNG
2nd Thursday of Each Month at 700 PMat the Hilton Garden Inn
Cartersville GA
See httpREIOutpostcom for more information
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 23
Atlanta Real Estate Investors Alliance bull FEB 2013
ments are LOW and the rent is HIGH Those are some great examples of why you WOULD want to remain in the deal
But IF the opposite is true you should simply collect your down payment from the seller amp assign that deal that you just lined up Wait a minute Assign the deal WHO would you assign the deal to
Irsquom smiling as I write this and hopefully you will too as you realize the obvious
You ASSIGN the deal right back to the SELLER of the house Does that make sense
When the house goes back up in value amp the tenant buyer is ready to buy guess what
Theyrsquoll buy directly from the seller And you explain all that to everyone involved in the deal
This Type Of Deal Is Tremendously Advantageous
To You When
bull Houses in that area are still declining in value
bull If the seller simply owes too much
bull Or if you just want an easy-in easy-out type of simple deal to do that still quickly puts thousands of dol-lars in your pocket without any risk or rehab
In the example above you got a check for (at least) $5000 pretty quickly and you donrsquot have to deal with the tenant-buyer or the seller ever again if you donrsquot want to In Out Paid Done Simple
Of course there are some important de-tails in the middle that you should learn If these types of deals make sense to you and you would like to learn more either ask your local REIA leader to get more information for you or drop me a line Irsquod love to help
So there you have it I believe that wholesaling pretty houses is one of the best types of deals you can be doing in 2013 amp beyond Itrsquos quick amp easy and there are plenty of deals like that out there now Best of all therersquos VERY little competition to do this For now
Hopefully your competition wonrsquot read this article
Until Next Time
Tony Pearl
Comment on this article online at httpatlantareiacomp=19037
Tony Pearl202-556-0670TonyTonyPearlcom
wwwTonyPearlcom
wwwFacebookcomTonyPearl
wwwTwittercomTheTonyPearl
wwwYoutubecomTonyPearl
Tony Pearl is an entrepreneur copywriter proud father mentor marketing consultant and talented teacher who resides in the Washington DC area He
has traveled to over 26 countries speaks 4 languages and continues to travel extensively He has been a professional Ballroom and Latin dance instructor competitor and exhibitor for over 19 years As a Real Estate Investor Tony has bought and sold over Ten Million dollars worth of real estate and has been educated by and associates with the best
Russ Hiner 404-660-4289RussRHinercom
wwwRHinercom
wwwFacebookcom1RHiner
Russ has been investing in real estate in Atlanta Georgia since 1981 His company currently controls apartment buildings and single-family properties in Georgia and
other states His focus is on raising private capital through Hedge Equity LLC
Russ invests everyday His knowledge and experience is current in the market He is capitalizing on the needs wants and desires of the customer He has a deep level of experience in building relationships with vendors investors tenants sellers and qualified buyers He has the knowledge to negotiate contracts manage rental properties and make his co-investors wealthy He enjoys taking properties which are virtually destroyed renovating them and creating a better community
come accountable Being accountable will lead to success which will give you the confidence to take responsibility for your greatness Confidence is liberating It leads to increased passion for your work With renewed passion 2013 can be your year of commitment and success With renewed energy you can follow your Plan that will lead you to Consis-tency Accountability and SUCCESS
So itrsquos 2013 You have goals
Will you use the same techniques that you did in 2012 Or will you join me and others whom Irsquove worked with in using new tools and renewed energy
What is the action step to begin plan-ning What should you do to help you remain on track
What can you do to make 2013 a differ-ent year for you a year of success
I am looking forward to meeting you and helping you on your way to a suc-cessful 2013
Comment on this article online at httpatlantareiacomp=19035
Achieving Your Goals with PAC cont from p21
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 24
Atlanta Real Estate Investors Alliance bull FEB 2013
How to Quickly Get 10 to 15 Good Rental Properties Paid For Free and Clear By Larry Harbolt
creative Financing is king
Larry Harbolt 727-420-4810LarryHarboltGmailcom
wwwLarryHarboltcom
wwwFacebookcomLarryHarbolt7
wwwTwittercomLarryHarbolt Larry Harbolt is the nationrsquos leading creative Seller Financing expert as well as a popular national real estate speaker and teacher whose time-
tested strategies and nuts and bolts teaching style has helped thousands of aspiring real estate entrepreneurs realize their financial dreams with little or no money and without the need for credit Larry has been successful creatively buying and selling real estate for over 30 years and has written numerous popular articles and real estate courses Larry also has been running a meetup group in St Petersburg FL for real estate investors for over 13 years
We are already in the second month of 2013 and I just had a conversation with one
of my students who wanted to know how to create wealth in the shortest possible pe-riod of time The following is my idea how wealth for any real estate investor can be created in the shortest period of time
Here is an example of how you can quickly achieve financial freedom and then wealth investing in real estate
For instance the first thing you need to do is buy 10 to 15 well selected income pro-ducing properties you are willing to keep long term as your retirement program and the base of your future wealth I personally love the thought of someone else having to go to work every day to earn money they give me in the form of rent each month that pays for my properties without me having to have a job or have to go to work every day Then once you have bought your 10 to 15 keeper rental houses in good neighborhoods with tenants who are pay-ing on time every month letrsquos say $1000 each month of which $520 goes for the monthly loan payment and after monthly expenses of property taxes property insur-ance a maintenance fund and a vacancy fund leaves you from the $1000 gross rent approximately $150 each month to put into your pocket Letrsquos say for each of your keeper rental properties you paid $88000 with very little money down and were able to get seller financing terms for 30 years
Then once you get those 10 to 15 houses free and clear with no debt each month you get to keep the entire $1000 from each house (less taxes and insurance and main-tenance costs) leaving you about $600 to $650 from each house each month Ten houses at $600 each equals $600000 each month paid directly to you to pay your bills Some of you might need 15
houses to achieve your goals If you have 15 houses x $600 net each month will give you $9000 per month income to cover your monthly expenses Once you have that much coming in each month you will have financial freedom but not yet wealth Wealth comes over time Let me show you how to get your properties free and clear in the shortest period of time
Getting Your 10 to 15 Houses Free and Clear In a Short
Period of Time
After you have your base of 10 to 15 houses bought then each year go out and buy an additional 10 to 15 houses The additional 10 to 15 houses you buy each year can be rehabbed and then sold If you were to take all of the profits from the sale of each of the additional 10 to 15 houses (after paying the taxes) and use the money you have left to pay off one or two of the loans on the houses you plan to keep and you did this over and over for a few years your base of rental properties would soon be com-pletely paid for and you would then have enough income coming in each month to be financially free
This is definitely a plausible and possible plan to become financially free in the short-est period of time Once you have done this you will then have more time and money to continue to buy even more houses sim-ply because you will have enough income each month coming in so you donrsquot have to go to a job you hate every day
Once all of your base of income produc-ing properties are completely paid for and are free and clear you will probably truly be a millionaire If you have 15 properties valued at $80000 that are free and clear your net worth will be $80000 X 15 = $1200000 Now you are wealthy
You Must Have a Wealth Building Strategy to Be
Successful
This is how true wealth is created over time People who only wholesale property for a living are not true investors -- they really have a job When a wholesaler buys a property and then passes it on to another person and they get paid a fee that money will be quickly spent and they then have to go out and find another property to whole-sale again so they can get another fee To me thatrsquos a job and I donrsquot want another job I want financial success
If you plan to be a successful real estate in-vestor and create the wealth you want it is going to be very important that you are able to recognize opportunity when it pres-ents itself It took me nearly 25 years to figure this out for myself and that is why I am sharing this information with you now so you can more quickly achieve financial freedom and your eventual wealth
Comment on this article online at httpatlantareiacomp=19032
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
Atlanta Real Estate Investors Alliance bull FEB 2013
Join our Mobile Real Estate Investor VIP ListJust text ATLAnTA to 404-996-1099Standard text message rates apply
Follow us online from your mobile phone at httpAtlantaREIAcom httpFacebookcomAtlantaREIA httpTwittercomAtlantaREIA httpYoutubecomAtlantaREIA httpMeetupcomAtlantaREIA
Want to stay plugged in and connected to Atlanta REIA from
your mobile device
Subscribe to The Profit Newsletter amp Email list at httpSubscribeAtlantaREIAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
For a Limited Time
Wersquore Sharing our Design Firm with our Advertisers
GROW YOUR BUSINESS TODAY placing an ad in The Profit and our design firm River City Consulting will design your ad for FREE Wersquoll also provide you with the digital file to use online and to have printed to use as promotional flyersMinimum 3-month Obligation
When yoursquore ready to get started call Christine Griffin at 678-701-7160 or email adminatlantareiacom
SEE THEIR WORK IN amp ON
AAttllaannttaa RREEIIAA MMeemmbbeerrsshhiipp AApppplliiccaattiioonn Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560
Atlanta REIA Use Only Member ____________ Exp Date ____________ ID Card Printed Sent _________
Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560 rev 1282011
Membership Plans - Choose a Membership Plan
Silver Membership for Individual $100year
Silver Membership for Couple $150year
Gold Membership for Individual $300year
Gold Membership for Couple $300year
Applicant Information - Please print clearly
Applicant 1 Applicant 2
Address
Phone 1 Phone 2
Email 1 Email 2
Sponsor (if applicable)
Payment Information - Please print clearly
Name on Card Total Amount $
Billing Address
Card Type Visa Master Card Discover American Express
Card Number Expiration Date Code
Terms of Sale Disclaimer amp Release The undersigned Applicant(s) hereafter called the Applicant understands and acknowledges that membership in the Atlanta Real Estate Investor Alliance hereafter called Atlanta REIA absolutely does NOT entitle nor make Applicant a legal member of Atlanta REIA LLC the company Applicant acknowledges that Atlanta REIA does not render legal tax economic or investment advice All programs are provided with the understanding that Atlanta REIA is not engaged in rendering legal tax or other professional services If legal tax or other expert assistance is required the services of a competent professional should be sought Atlanta REIA does not investigate its members nor vouch for nor make representation as to the honesty integrity reliability motives andor resources of its members officers directors employees agents and or contractors The Applicant in consideration for hisher acceptance as a member of Atlanta REIA hereby releases discharges and agrees to indemnify Atlanta REIA its officers directors members employees agents andor contractors from any liabilities now accrued or which may hereafter accrue from their actions inactions or communications made by Atlanta REIA andor officers directors members employees agents andor contractors in or through their respective capacities with Atlanta REIA Applicant agrees to comply with the terms and conditions described herein the Code of Ethics and any other terms described on our website at AtlantaREIAcom as well as any other Atlanta REIA rules and regulations Applicant agrees and acknowledges that Atlanta REIA may enforce these codes terms rules and regulations at its sole and absolute discretion and may terminate this membership at any time for any reason whatsoever Applicant grants to Atlanta REIA its representatives and employees the right to take photographs video or audio of Applicant and Applicants property Applicant authorizes Atlanta REIA its assigns and transferees to copyright use and publish the same in print andor electronically Applicant agrees that Atlanta REIA may use such photographs video and audio of Applicant with or without Applicants name and for any lawful purpose including but not limited to publicity illustration advertising and web content Applicant grants permission to Atlanta REIA to contact Applicant regarding membership and related business by phone fax email text message chat programs social networking automated voice broadcast dialers or any other means necessary By completing this application Applicant agrees to give Atlanta REIA permission to bill the credit card above for the membership plan selected above Applicant acknowledges and agrees that the term of membership is one (1) year and that billing for membership will be automatically renewed for one (1) year upon expiration at the then current membership rate and that the appropriate charges be applied to Applicants credit card on file Should Applicant decide to cancel membership a written notice of cancellation must be emailed faxed or sent via postal email to Atlanta REIA at the address email or fax below thirty (30) days prior to the next billing or renewal period Atlanta REIA must acknowledge receipt of this written cancellation notice for it to be valid Membership dues are NON-REFUNDABLE for any reason whatsoever Applicant promises NOT to initiate any refunds or credit card charge backs for these membership dues and related charges at any time Applicant agrees that Atlanta REIA may change the terms of this Agreement or its membership dues at any time by posting such changes to our website at AtlantaREIAcom By continuing membership Applicant agrees to be bound by such changes Applicant will send all written notifications to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 Fax 770-216-1560 Email noticesatlantareiacom With my signature I accept the Terms of Sale Disclaimer amp Release and I authorize Atlanta REIA LLC to charge my credit card for the membership plan above as well as total recurring amount shown I further acknowledge that these membership dues are non-refundable
Applicant 1 (sign) Applicant 2 (sign)
(print) (print)
Date Date
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 27
Atlanta Real Estate Investors Alliance bull FEB 2013
Atlanta REIA Meetings CalendarhttpAtlantaREIAcomMeetings
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
3rd Wednesday of Each MonthLate Nite Networking Buford900 PM ndash Late NiteTilted Kilt 3480 Financial Center Pkwy M1080 Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
3rd Thursday of Each MonthSavannah REIA630 PM ndash 900 PMGallery Espresso234 Bull St Savannah GALeader Aislee Jacksonhttpsavannahreiacom
4th Monday of Each MonthAtlanta REIA West Meeting630 PM ndash 900 PMCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Monday of Each MonthLate Nite Networking Marietta900 PM ndash CloseCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Tuesday of Each MonthNote Buyer Group Meeting630 PM ndash 830 PM Olive Garden 2467 Cobb Parkway SE Smyrna GALeader Tom Boyerhttpnbgatlantareiacom
4th Thursday (Once Per Quarter)Beginning Investors Group Meeting (BIG)630 PM ndash 900 PMChef Robrsquos Caribbean Cafe 5920 Roswell Rd NE A117 Sandy Springs GALeader Alan McDonaldhttpbigatlantareiacom
4th Thursday of Each MonthCash Cows Commercial Group1130 AM ndash 100 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GAhttpcashcowsatlantareiacom
Meets at Various Times Each MonthCash Flow Players Group MeetingTo Be AnnouncedSecrets Factory 2030 Powers Ferry Rd SE 440 Atlanta GALeader Alan McDonaldhttpcashflowatlantareiacom
2nd Wednesday of Each MonthSpanish Investors Networking Group (SING)630 PM ndash 830 PMTaco Depot 4788 Sugarloaf Pkwy 107 Lawrenceville GALeader Michael Vazquezhttpsingatlantareiacom
2nd Wednesday of Each MonthI Love Marketing Group700 PM ndash 900 PMSocial Vinings 3621 Vinings Slope SE Atlanta GALeader Rock Shukoorhttpilmatlantareiacom
2nd Thursday of Each MonthAtlanta REIA South Meeting630 PM ndash 830 PMGiovannarsquos Italian Kitchen 1375 Virginia Ave East Point GALeader Reggie Jackson amp Gordon Cattshttpsouthatlantareiacom
2nd Thursday of Each MonthNorth Georgia REIA700pm - 900pmHilton Garden Inn Cartersville 24 Liberty Drive Cartersville GALeaders Bill amp Kim Cookhttpreioutpostcom
2nd Thursday (Once Per Quarter)Small Business Group (SBG)330 PM ndash 530 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Karen Bershadhttpsbgatlantareiacom
3rd Monday of Each MonthMovers amp Shakers Lunch Meeting1100 AM ndash 130 PM5 Seasons Brewing3655 Old Milton Parkway Alpharetta GALeader Gordon Cattshttpmoversandshakersatlantareiacom
3rd Tuesday of Each MonthGwinnett County Group (The Fish Club)700 PM ndash 900 PMRed Lobster2055 Pleasant Hill Rd Duluth GALeader Aaron McGinnishttpfishclubatlantareiacom
3rd Wednesday of Each MonthAtlanta REIA North Meeting630 PM ndash 830 PM1960 Skylar Hill Dr Suite D Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
February 4th 2013Atlanta REIA Main Meeting530 PM ndash 900 PM Crowne Plaza Ravinia Hotel4355 Ashford Dunwoody Atlanta GA Leader Dustin Griffinhttpmainatlantareiacom
1st Monday of Each MonthLate Nite Networking Dunwoody930 PM ndash Late NiteTilted Kilt 1155-B Mount Vernon Hwy Atlanta GALeader Lee Buddenhttpmainatlantareiacom
1st Monday (Once Per Quarter)Mobile Real Estate Rockstars Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Don DeRosahttprockstarsatlantareiacom
1st Monday (Once Per Quarter) Short Sale amp Foreclosure Group300 PM ndash 530 PMTotal Wine amp More124 Perimeter Center W Atlanta GALeader Bob Masseyhttpssfatlantareiacom
1st Monday (Once Per Quarter)Active Investors Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Gordon Catts
1st Tuesday of Each MonthMountain REIA630 PM ndash 900 PMGolden Corral 2025 Market Place Blvd Cumming GALeader Gordon Cattshttpmountainreiacom
1st Wednesday of Each MonthCreative Deal Structuring Group (CDS)700 PM ndash 900 PMWhitehall Tavern 2391 Peachtree Rd NE Atlanta GALeader Russ Hinerhttpcdsatlantareiacom
Every Thursday (Except Major Holidays)Have amp Wants Meeting130 PM - 330 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Joe Thompsonhttphavesandwantsatlantareiacom
Next Meeting March 28th
Next Game on Sat Feb 9th
Meets Monday Feb 4th
ATLANTA REIA CALENDAR OF EVENTSFEBRUARY 2013
SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
Movers amp Shakers1100am - 130pm
Gwinnett County Group (The Fish Club) 700pm ndash 900pm
I Love Marketing Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pm
Mountain REIA630pm ndash 900pm
Atlanta REIA MAIN MEETING with Bill Cook
530pm ndash 900pmMobile Real Estate Rockstars Group 300-500pm
Creative DealStructuring Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pmAtlanta REIA South Meeting630pm ndash 830pmNorth Georgia REIA700pm - 900pm
NEWSLETTER dESigN PRovidEd by
SNEAK PEEK FOR MARCHMAR 4 ATLANTA REIA MEETING
APR 1 ATLANTA REIA MEETING WITH JAY CONNER
APR 27 FULL DAY WORKSHOP WITH JAY CONNER amp RON LEGRAND
Haves amp Wants Meeting130pm - 330pm
Cash Cows Commercial Group1130am - 100pmHaves amp Wants Meeting130pm - 330pm
Atlanta REIA West Meeting630pm ndash 900pmLate Nite Networking Marietta900 PM ndash Close
Note Buyer Group Meeting 6300pm ndash 830pm
Atlanta REIA North Meeting630pm-830pmLate Nite Networking Buford900pm - Late
Grow Your Wealth With The Financial
Calculator Workshopwith Bill amp Kim Cook
900am - 500pmCartersville GA
Wealth Building Using Self-
Directed IRAswith Dyches Boddiford amp
Pete FortunatoAtlanta GA
- FB
- YT
- MU
- Button 34
- Button 72
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 8
Atlanta Real Estate Investors Alliance bull FEB 2013
I n my last article I explained that there are two approaches investors can take to determine whether or
not a lender has been negligent or com-mitted fraud The first approach I de-scribed is to look through the paper trail to dig up issues The second approach is to follow the money
Not many people truly understand how the mortgage and finance industries work Itrsquos basically a shell game with them mov-ing money around with little regard as to the laws and regulations that govern how banks are supposed to act
They play this constant game all suppos-edly in the name of increasing the money supply Attorney Neil Garfield describes the process as the bank starting out with $100 in the left pocket and taking $10 out to deposit in the right pocket but still re-porting to the SEC and investors that the full $100 is still in the left pocket When the next $10 comes out described as trad-ing profits or a fee the amount in the left pocket is still reported as $100 rather than the $80 that is actually there
This is just an example of how the fi-nancial transactions that represent the mortgaging of a home rarely take place the way the homeowner or the lenderrsquos investors think To really know what is taking place investigators must follow the money as well as the paper trail The note mortgage HUD-1 and other docu-mentation connected with any given loan most likely do not reflect what actually happened to the funds As a result some argue that these documents are null and void The name of the real funder of the transaction rarely appears on these docu-ments The financial transaction occurred
with different terms and with a different party than are included on the note and other closing documents The instruc-tions to the closing agent generally come from a stranger to the transaction with instructions that any excess payment be refunded to that stranger
If the loan originator were the real payee then any wiring instructions should include terms such as ldquofor the benefit of [the name of that payee]rdquo That rarely happens The source of funds should also be included in the pooling and servicing agreement given to the investors of the mortgage-backed security pool That never happens either There is never any reference between the money chain that is represented by the wiring instructions and the documentation chain represented by the note mortgage and HUD-1
According to Garfield ldquoIt was this split between the money trail and the docu-ment trail that enabled the banks to create a long term gap during which they could trade lsquoownershiprsquo of the loan before mak-ing any attempt to deliver the loan to the investors who had advanced the fundsrdquo
To make matters even more confused the pretender lenders hedged insurance policies called credit default swaps against the potential loss of mortgage income due to default What they failed to reveal to investors was that the investment banks themselves were the ones being protected not the original investors who all had com-mingled funds in undifferentiated pools
The mortgage losses on the books of the banks also caused these same banks to get huge federal bailouts even though they had already been paid off for their losses
through credit default swaps
By following the money investigators can spot one falsehood after another showing how the investment banks cov-ered their assets while leaving distressed homeowners and the original investors to hang out to dry
Combining the method of following the money with digging up the paper trail be-hind a mortgage we now have a way to force the banks to negotiate on our terms Not only are we able to use this informa-tion to help underwater homeowners get out from under their homes with no short sale no deficiency and no coming out of pocket but we are able to pick up pretty houses at incredibly low prices
For more information on how you can get involved in helping underwater homeown-ers while doing some awesome deals give my office a call at 706-485-0162
Comment on this article online at httpatlantareiacomp=19049
Proving Lender Negligence and Fraud Part 2 Follow the Money By Bob Massey
Bob Massey706-485-0162infoREWealthCoachcom
wwwREWealthCoachcom
wwwFacebookcomBobMasseyOfficial
Bob Massey is a recovering corporate executive who is now living the dream running his own real successful estate investing business and
teaching others how to do the same In the process he has become the nationrsquos leading educator on the foreclosure investing the foreclosure process
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 9
Atlanta Real Estate Investors Alliance bull FEB 2013
Yoursquore driving your Uncle Bugsy to the doctor when you spot a ldquofor sale by ownerrdquo sign in
front of a nice little brick house Yoursquore already running late but yoursquove been watching this house ndash itrsquos got a big blue tarp draped over the roof ndash for a couple of months now Yoursquove got no pen and paper and you wonrsquot have time to stop later Sure you can snap a picture with your cellphone but yoursquod really like to take some notes too
Unfortunately Uncle Bugsy isnrsquot known for his patience so yoursquore only going to have about a minute before he starts com-plaining about how inconsiderate kids are nowadays
What should you do
If you have an iPad the solution is a great little app called CaptureNotes Capture-Notes might look like just another note-taking application but itrsquos not Yes it lets you do all the usual note-taking things create notes choose the type of paper and ink color and doodle and scribble on a touch screen So far itrsquos pretty ordinary
But there are three other things Capture-Notes does that make it really useful for us asreal estate investors
First it has some pretty sophisticated bells and whistles You can add photographs andrecord audio while yoursquore taking notes
(say in a seminar or while yoursquore inspect-ing a house) And then you can draw or write on the picture The app also uses searchable customizable color-coded flags as reminders (red for ldquoto dordquo for example or green for ldquoresearch neededrdquo) Those flags can even be used to tag a specific mo-ment in the audio
Second it allows you to import PDF files and use them as templates This is a great way to create standardized forms for spe-cific uses As an investor I find that this kind of streamlining is a big part of my success ndash it allows me to spend more time on buying and selling properties which is where the money is
Finally CaptureNotes provides a pretty painless way to back up your new files simply by uploading them to Dropbox or iTunes
Let me say something here about backing up your files If you arenrsquot already back-ing up please start Irsquove learned the hard way that itrsquos not a matter of IF your com-puter is going to crash Itrsquos a matter of WHEN And itrsquos a pretty safe bet that itrsquoll go dead at the worst possible time Please back it up
So picture it with the clock ticking (Un-cle Bugsy is waiting after all) you start a new notebook Then you jump out of the car and take pictures of the FSBO sign and various shots of the house Now add
those pictures to your note and then circle things on the picture of the house that might be problematic Go crazy and draw lots of arrows and circles Then flag some-thing just for the heck of it Between the flags and the ability to write and highlight in different colors yoursquoll have an exciting dynamic note thatrsquos definitely useful and darned near artistic
And thatrsquos a beautiful thing
Comment on this article online at httpatlantareiacomp=18998
Don DeRosainfoDonDeRosacom
wwwMobileRealEstateRockstarcomAtlanta-REIA
wwwFacebookcomDonDeRosa
wwwTwittercomDonDeRosa
Don DeRosa was recognized as one of the nationrsquos top 21 real estate investors in the New York Times bestseller The Millionaire Real Estate
Investor Don who is a full-time investor trainer and mentor is the first to offer his complete investing system on a mobile platform Don teaches investors how to Make More and Work Less by being more efficient productive and competitive leveraging mobile technology and apps on the iPad iPhone Android and other mobile devices
therersquos an app For that
CaptureNotes Your Life Color-Coded By Don DeRosa
ldquoIrsquom known for my handwritten notesrdquo ~ Pamela Anderson
wwwYouTubecomAtlantaREIA
Keep up to date with our latest videos by subscribing to our YouTube Channel
Attend Donrsquos Mobile Real Estate Rockstars Group on Feb 4th at 3PM
wwwTwittercomAtlantaREIAKeep up to date with our latest opportunities by joining us on Twitter
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 10
Atlanta Real Estate Investors Alliance bull FEB 2013
Marketing Magic tricks
By remembering just a few basics you as a Real Estate Investor can quickly determine whether or not
a seller is motivated to sell their prop-erty First of all a motivated seller will ask questions like ldquohow soon can you buy my houserdquo or ldquoHow can you help me get out of this situationrdquo or ldquoHow soon can you get hererdquo An experienced Real Estate Investor knows these are re-ally good questions for a seller to ask
There are two types of houses we are go-ing to buy either pretty houses or ugly houses and there are motivated sellers in both of these categories When you are marketing to sellers there are certain types of sellers who are much more likely to have a house they need to sell
For example I personally like working with out of state owners (folks who own a property where you live but donrsquot live there full time) heirs divorces vacant houses estate and probate properties military transfers and pre-foreclosures These sellers are much more likely to have a house they need to sell ldquoright nowrdquo and thatrsquos the kind of seller you want to work with As a Real Estate In-vestor you may also run into landlords who are fed up with tenants ruining their properties over and over These are all good sources of motivated sellers Most of these sellers are folks who donrsquot live in these properties
Okay so how are you the Real Estate Investor going to identify a motivated
seller First of all donrsquot be afraid to ask questions This is a basic truth in the real estate investing business The more will-ing a seller is to answer whatever ques-tions you ask the more motivated they are Never be afraid to ask ldquoIs that the least you would takerdquo You might be re-ally surprised at the answer to this ques-tion especially if you are dealing with a motivated seller
For example I recently worked with a seller who was asking $205000 for a property in good condition worth $275000 This seller was already mo-tivated but I ended up paying only $180000 for this property simply be-cause she asked if they would accept a lower price So be willing to ask ques-tions and know that the more willing a seller is to answer them the better deal you will make This is going to be very crucial to the success of your real estate investing business and the amount of profit you make on your deals
Another basic truth is that the more equity there is in a property the bet-ter a deal you are likely to make espe-cially if the house needs repairs Usually if there is a lot of equity and the sellers have owned the home for a long time or if they have just inherited it the more likely they are to let you have a large chunk of that equity for your profit
If there is very little equity in the prop-erty you are much less likely to be able to create a good deal unless the property
owner is simply willing to deed you the property for the balance of the mortgage and walk away As a seasoned Real Es-tate Investor I can personally tell you this absolutely happens So donrsquot be afraid to ask the question ldquoAre you will-ing to sell for what you owerdquo If they say yes you are dealing with a motivated seller who is likely to deed you the prop-erty for the balance of their mortgage which not only will lead to a good profit
Pre-Screening Sellers For Your Real Estate Investing Business ndash Part 2By Kathy Kennebrook The Marketing Magic Lady
Domain Names for just
$199
for first year with new non-domain purchase
httpSuperSmartDomainscombull Domain Names
bull Web amp Wordpress Hostingbull Email amp Exchange Accounts
bull SSL Certificatesbull Marketing Toolsbull and much more
Certain terms and conditions do apply See website for details
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 11
Atlanta Real Estate Investors Alliance bull FEB 2013
+ Voicemail+ Virtual Faxing
+ 24-7 Live Operators+ Online Management
Only
$30per month
Be sure to ask for the REIA discount
Or visit us on the web at
QualityAnsweringServicecomAtlantaREIA
877-774-1717
LIVE ANSWERING SERVICE
30MINUTES
Join us for Education amp networking at the Meeting-Before-the-Meeting each monthWe meet at the Total Wine amp More located at 124 Perimeter Center W
in Atlanta at 300pm before our Atlanta REIA Main Meeting
PERIMETER
wwwYouTubecomAtlantaREIA
Keep up to date with our latest videos by subscribing to our
YouTube Channel
for you but you donrsquot have to worry about where the money is coming from to fund your deal
Another truth is that the uglier the house the more motivated the seller is likely to be If you arenrsquot getting your offers accepted on ugly houses that you can quickly wholesale you arenrsquot target-ing the right kind of junker properties Ask any Real Estate Investor who has been in the business for awhile and they will tell you there is a fortune to be made in ugly houses The more difficult it is to find this type of seller the better deal you are going to make
Another situation that arises fairly often in todayrsquos market and creates motivated sellers is a simple one for you to spot If a seller is behind on payments this is definitely going to be a motivated seller If a motivated seller is behind on pay-ments and they have a lot of equity this is an opportunity for you to make a re-ally good deal You as a Real Estate In-vestor just have to learn to use a script to ask the right questions to determine if a seller is motivated and what kind of deal you are going to make with them Itrsquos not magic it just takes a little nego-tiation and a few questions to pre-screen sellers and create some really good deals
Just remember this the seller is either in or they are out donrsquot waste your time chasing dead deals If you follow this simple rule you will make a lot of mon-ey in your real estate investing business
For more information on pre-screening sellers locating motivated sellers and buyers and exit strategies visit Kathy Kennebrookrsquos website at wwwmarket-ingmagicladycom
Comment on this article online at httpatlantareiacomp=19027
Kathy Kennebrook941-792-5390KPaddlerATTnet
wwwMarketingMagicLadycom
wwwFacebookcomKathyKennebrook
Kathy Kennebrook is a speaker author and has been actively investing in real estate since 1999 Kathy currently resides in Bradenton FL and is known as the Marketing
Magic Lady because she is the countryrsquos leading real estate marketing expert on finding motivated sellers using direct mail
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 12
Atlanta Real Estate Investors Alliance bull FEB 2013
housing Second therersquos not much competition Folks wanting to buy a trailer are forced to pay all cash ndash cash they donrsquot have ndash because banks wonrsquot lend on used mobile homes in a park At the same time very few sellers offer owner financing If you buy for cash and then sell on time yoursquore offering a very unique ndash and profitable ndash service Third every month you receive mailbox money that is taxed as portfolio income ndash which means these earnings arenrsquot getting hit with Social Security or Medicare Taxes
There are also a couple of disadvantages First you must remember that park owners are all-powerful Donrsquot do a deal in a park unless you and the park owner have a clear meeting of the minds Second some of the buyers you work with can be pretty interesting Itrsquos shocking how many are 100 healthy but still get monthly disability checks These are your tax dollars at work folks
A few weeks back I partnered with my buddy Houston Long on my most recent Lonnie Deal He is a long-time
friend and fellow investor I put up the deal and the purchase money Houston agreed to be responsible for the rehab marketing and selling After Irsquove been repaid my purchase money we will split all profits 50-50
The trailer is a nice three-bedroom two-bath doublewide in a park in Acworth Georgia The seller was asking $12000 She agreed to our $5500 offer that included the following purchase terms Wersquod give her $3000 cash down if shersquod accept an unsecured note for the $2500 balance with payments of $100 per month at 0 interest for 25 months
A few weeks later Houston sold this home with owner financing for $17500 with the following sale terms $2000 down payments of $250 per month at 14 interest for 114 months
Including our expenses (about $2000) our yield on this deal was 39 When it came time to make our first $100 monthly payment to the seller we offered her $895 cash in exchange for our $2500 note She quickly accepted our offer Shorting our note from $2500
down to $895 lowered our purchase price from $5500 down to $3895 and increased our yield from 39 up to 5038
Over the years Kim and I have done a wide variety of creative deal structures Our favorite ndash and it happens to offer the highest yields ndash is Lonnie Deals
Comment on this article online at httpatlantareiacomp=19069
continued from page 1
Bill Cook 727-420-4810BillCook2009Gmailcom
wwwREIOutpostcom
Bill Cook is a full-time real estate investor speaker and author He specializes in single-family homes and mobile home parks Bill believes
that real estate investing especially the act of buying and holding rental property is the surest way to financial independence and wealth Bill and his wife Kim run North Georgia REIA where
they teach others how to successfully invest in real estate
Place Your Advertisement Here and Get Noticed
Sign up now and get your ad created by our design specialists for FREEThis introductory special is available for a limited time onlyIf you are ready to get started see our Advertising Rates in this issueThen call Christine Griffin at 678-701-7160 or email adminatlantareiacom
Mutiple Sizes Available
Buy a home like this at a (Actual Property Inventory May Vary)
Step-By-Step Real Estate SuccessAs Atlantas First Full Service Wholesaler We Can1 Find you the deal 65 of the after repair value (includes purchase
price and repairs)2 Provide a certified appraisal to validate value3 Finance the purchase price and repairs4 Have access to our in house contractors to complete repairs for you5 Use our selling agents to sell your beautiful renovated home6 Use our leasing agents if you prefer to buy and hold7 We have just taken all risk out of the deal for you
Goldmine PropertiesWhere Integrity amp Character Matter
WHoLESALE REAL ESTATE 65 LTV
Purchase Price amp Repairs are 65 of Certified After Repair Appraisal
Financing Available
SInCE 1996 WE HAVE WHoLESALED oVER 1700 PRoPERTIES
REnTAL PRoPERTIES 12-18 RoI with 35 Equity
THIS IS AS GooD AS IT GETS The most difficult and important aspect ofReal Estate Investing is finding the deal
ldquoTHIS IS OUR SPECIALTYrdquo
MIKE CHERWENKAmcherwenkaaolcom H wwwgoldminepropertiesnet
(Loan to Value)
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 14
Atlanta Real Estate Investors Alliance bull FEB 2013
PRAdO
Join us at the
Haves amp Wants MeetingEvery Thursday at 130pm 5 Seasons Brewing located at
5600 Roswell Rd in Sandy Springs at the Prado
Short Sales Are SailingBy Kimberlee Frank
Many Investors and Realtors avoid short sales like the plague They are definitely
missing the boat My business special-izes primarily in short sales and I have seen an increase in the number of ap-provals we are getting The time line for a short sale varies from 90 to 120 days if you submit the lender a ldquocompleterdquo short sale package Since short sales are dominating the market the Lenders are creating more streamlined processes to conduct smoother short sales If you do short sales then I am quite sure you have heard of the online system called ldquoEqua-torrdquo Equator allows all of the short sale paperwork to be processed electronically through one common venue versus tra-ditional and random faxes and emails Having a file processed online avoids the common objection from the short sale lender of ldquoWe didnrsquot receive the docu-mentsrdquo Effective January 1 2013 the newest lender that has started to use Equator is Chase The following lenders and servicers are presently using Equa-tor 1) Bank of America 2) Chase 3) Wells Fargo 4) GMAC 5) Nationstar 6) ASC 7) Carrington Mortgage and 8) Homeward Residential Services
The Equator System assigns applicable tasks to each party (Agent Negotiator Closer etc) including a deadline in which to complete each task I like the fact that the lenders can no longer say ldquoOh we never got that paperworkrdquo However I
donrsquot like the fact that they are tracking our information Nationstar has taken the collection of Buyerrsquos information to a whole new level They require all Buyers to fill out a loan application even though they most likely will not be using Nation-star as a lender This application has been mandatory and this has not been waived on any of my files If you are a Buyer on any property you are required to provide your name address telephone number DOB SS assets employment history and more This is regardless if you are purchasing for investment or personal use and if you are getting a mortgage or pay-ing cash
I believe that the lenders are collecting data against all Buyers and will soon share with each other how many deals each Buyer has purchased I had one student inform me that once he purchased over 10 properties from Bank of America he was no longer allowed to purchase any more in his name his wifersquos name or company name Therefore in the future when all lenders work as a team they will share all of this information and limit the amount of deals that an Investor can purchase Wells Fargo started using a system called Core-Logic approximately 2 years ago which al-lows them to simultaneously check to see who was applying for a mortgage at the same time they were conducting a short sale This caused Investors a hardship
even though they fully disclosed to Wells Fargo their intention to buy resell andor fix the property if they used my paper-work Many short sales were not approved at that time and many Investors had no idea WHY Some of the lenders frown on the fact that Investors are purchasing the property and would rather sell the house to a homeowner
You would think that the lenders since they are funded by Investors would un-derstand how we Investors work We donrsquot buy properties at full value as we are not going to live in the home This is a business and we canrsquot make the Sellerrsquos problem our problem by paying full value It is the Investors like us that are helping the lenders get money and not go under
Now is the time to purchase short sales and if you havenrsquot started you have 10 years to ride the wave so do it now Align yourself with a good Mentor and take flight just like many Investors around the world
Happy Sailing
Comment on this article online at httpatlantareiacomp=19030
Foreclosures gone WilD
Kimberlee Frank 407-888-3255KimberleeForeclosuresGoneWildcom
wwwForeclosuresGoneWildcom
wwwFacebookcomForeclosuresGoneWild
wwwLinkedincominKimberleeFrank
wwwTwittercomKimberleeFrank
Kimberlee Frank is a Master Negotiator who has closed over 600 deals since 1998 She is a Mentor Trainer Author and Real Estate Broker teaching Investors
and Realtors how to creatively purchase and sell short sales with her Step-by-Step System She has helped Investors and Realtors earn hundreds of thousands of dollars
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 15
Atlanta Real Estate Investors Alliance bull FEB 2013
Karen Bershad(770) 356-1234KarenSmallBusinessAdvisorbiz
wwwSmallBusinessAdvisorbiz
Karen Bershad is ldquoThe Small Business Advisorrdquo Most small business owners have a challenge handling all the different areas of
running a business The accounting can be a challenge particularly if the software seems overwhelming The Small Business Advisor is what you may need to get you to the next level of your business We work at your office or provide off site assistance in getting things under control by providing a wide variety of services that are specifically for the small business
How Do I Handle a Refundable Security Deposit in QuickBooksBy Karen Bershad The Small Business Advisor
It is the goal of this column to an-swer questions about QuickBooks and how it is used in the REI arena
Know how to record transactions in the proper way and have your set of books in good shape when it comes time for taxes It is our intention to do this by you the members submitting questions to Karensmallbusinessadvisorbiz and getting answers here in this column
Q I am having difficulty reconciling my bank account I have reviewed each entry and have found that several of my deposits do not match the amount the bank has for them How do I see all my detail on each deposit without click-ing on each one to open it
A Go to Reports ndash Banking ndash and look for a report called ldquoDeposit Detailrdquo It will give you line-by-line detail of your deposits in one report and you can com-pare that to what you have in the bank If you make copies of the checks for each deposit and put it with your deposit ticket on each one that will give you a paper back up of what you actually gave the bank This way if the bank made the error then you have details of what you produced to the bank
Q Why do I need to create sub accounts in my chart of accounts
A The Chart of Accounts is the main driver of the program If you have you accounts set up properly your reports ndash Income Statement and Balance Sheet ndash will be reflected properly You may want sub accounts for some of your ex-penses in particular to be able to see where certain money is being spent For instance ndash if you make sub accounts for Auto Expenses ndash Fuel Repairs amp Maint Tags Tolls amp Parking Insurance etc ndash you then can see that the total amount spent in that areas was not just Fuel which is expensive but you had a major repair done and therefore your compari-son to last year for the same time makes more sense
Q I received a ldquoRefundable Security Depos-itrdquo from my tenant How do I enter this into QuickBooks
A This is a Liability account that you will need to payout at some later date In your chart of accounts you should have a Liability account set up for Security De-posits Escrow ndash or some name that sets it apart from security deposits you paid that are owed back to you (which is an Asset) In the deposit window instead of showing this as income you should go to this special Liability account and book
it to that account When it is time to pay the tenant the money back less any damages if need be you will write the check out and expense it also to this Li-ability account to clear the money from the account
Comment on this article online at httpatlantareiacomp=19023
the QuickBooks Quickie
When yoursquore ready to get started see our Advertising Rates in this issue and then call Christine Griffin at 678-701-7160 or email adminatlantareiacom
httpatlantareiacomthe-profitadvertising-rates
If yoursquore looking to reach the Real Estate Industry here in the Greater Atlanta Metro Area and throughout Georgia you canrsquot do better than The PROFIT Your ad will reach more than 10000 each month with your message Our production teams are among some of the best designers in the country We make you look GOOD
Advertise Your Business in The Profit
American IRA Wants to be a Value Added Service to You or Your Business
Contact our office for any self-directed IRA questions you have or for a free consultation
1-866-7500-IRA(472) or infoamericaniracom
P We do business the old fashioned way At American IRA we pick up the phone
P We offer personalized service catered to each of our clientsrsquo needs
P We provide educational articles live webinars and many other resources
P We have experienced IRA instructors who are available for speaking engagements
P We provide joint webinars which allows you to high-light your services
P We provide free copies of your webinar in CDDVD format for you to promote your services
P We have a resource page on our website to list your services on (certain restrictions apply)
P We are experienced in investinghellip we understand your investment language
wwwAmericanIRAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 17
Atlanta Real Estate Investors Alliance bull FEB 2013
Business By the Book
Greed In Business = Trouble In The Family By Erven Kimble
The relentless drive to acquire the elusive ldquoAmerican Dreamrdquo is what fuels many business profes-
sionals To many in pursuit of the worldrsquos definition of success means ldquogetting more and morerdquo ldquoclimbing the corporate ladder at all costrdquo or perhaps it means ldquothe end justifies the means no matter whatrdquo This kind of ill-advised pursuit requires that a person disconnect other areas of life that makes significant demands on their time and attention One way to separate these distractions is to departmentalize them
Highly motivated entrepreneur and busi-ness professionals often compartmentalize their professional interests from the rest of their personal lives Many ldquogo-gettersrdquo tend to divide their lives into these differ-ent compartments and make decisions as if they are not interconnected For many their thoughts about church religion matters concerning God and the Bible or even their family have little or nothing to do with their day-to-day business decisions and activities that are required to be suc-cessful They rationalize that these differ-ent compartments neatly and separately co-exist For instance one might
bull Define things as being secular versus spiritual
bull Make clear distinctions between that which is personal as opposed to the professional matters
bull Or draw a big distinction between their family life and their business life
The truth of the matter is that God does not view our lives as being compartmen-talized A Biblical view sees the secular as spiritual and our professional and personal lives co-existing in the same space The
actions and the decisions that we make at the office effects what happens at home Whether a person realizes it or not deci-sions and practices in the work place have a direct impact on what happens back on the home front
The relentless drive to get more and more in the workplace is called ldquoGreedrdquo Greed is flaw that ultimately brings distrust and dishonor to all those involved A person in pursuit of unmerited gain is a continuous source of grief for themselves as well as their families Greed and covetousness leads men and women to habitually want more than their share As a results the progres-sive overflow of greed leads to bribes and the kickbacks Bribes and kickbacks are a perversion of justice a misrepresentation that ultimately breeds distrust and dishon-or to all those that are involved including all family members who bear their name
Those who refuse to be involved in these ungodly practices
will find longevity and prosperity
There is energizing freedom and great gratification in honesty that translates into the idea of establishing a legacy Business-men and businesswomen that strive to operate an honest business not only live well themselves they also leave a proud heritage to their children Conversely the foolish and fraudulent leave an inheritance of misery
ldquoThe good people who live honest lives will be a blessing to their childrenrdquo (Pr 207)(NCV)
A familyrsquos religious passion will produce the familyrsquos long-term qualities In other
words the children of ethical parents are the recipients of the divine favor of God The family traits model behavior that is mimicked by the children and ultimately the advantages or the hazards are experi-enced by the next generation When there are models of godly parents who live out their Christian beliefs the children are challenged to become wise themselves
Thoughts to Ponder
I Have you ever considered your business decisions would directly impact your family
II What legacy are you preparing to leave your children or family
III Have you considered the long term generational effect of your business practices
Comment on this article online at httpatlantareiacomp=19001
God does not view our lives as being compartmentalized
ldquoGreedy people bring trouble to their families but the person who canrsquot be paid to do wrong will liverdquo (Pr 1527)(NCV)
Erven Kimble 404-606-8909ElegantHomesLLCYahoocom
wwwPeopleWhoBuyHousescom
wwwFacebookcomEAKimble Erven Kimble is an accomplished pastor teacher author community leader licensed Christian Counselor and Real Estate entrepreneur Erven is a visionary that has faithfully
served as the Senior Pastor of a local church in Lilburn Georgia for twenty years
The author searched the Book of Proverbs and Psalms and extracted wisdom that reference business and finances to produce the series of articles called Business By The Book The purpose of these articles is to present time tested and proven Biblical principles in a way that is practical relevant and beneficial to the average business person
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REI SPECIALS
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copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 19
Atlanta Real Estate Investors Alliance bull FEB 2013
Caution Landlords Accepting Money After Filing An Eviction Impacts Your RightsBy Attorney Jon David W Huffman
Landlords often have mixed emo-tions when their tenants call and offer them money after a dispos-
sessory warrant (an eviction) has been filed On one hand landlords are in the business of collecting rent However they worry how it may affect moving forward with the eviction Accepting a payment after an eviction is filed does af-fect your rights
Residential Landlords
A residential landlord has a duty to ac-cept a payment from a tenant who is in default if and only if the tenant tenders ldquoall rents allegedly owed plus the cost of the [eviction]rdquo1 However the tenant can-not wait until the last moment to do this They must tender the full payment within seven days of the day they were served the eviction paperwork2 There is no need to worry about a tenant doing this perpetu-ally because a landlord is only obligated to accept this type of payment once per year3 Making this payment provides a complete defense to the eviction and upon receipt a landlord should dismiss the eviction
If a residential tenant offers a partial pay-ment however BEWARE A residential landlord who accepts a partial payment from a tenant after an eviction has been filed waives his right to continue with the eviction and admits the continuance of the lease4 In simple terms the eviction fails and the landlord must start the eviction process over if he wishes to evict the ten-
ant It does not matter when the partial payment is made ndash whether one hour after the eviction is filed or five minutes before the eviction trial Thus the landlord must either reject the partial payment or if ac-cepted he must restart the eviction process
Commercial Landlords
Perhaps unsurprisingly the law on ldquonon-residentialrdquo or commercial leases allows more freedom to contract
A commercial tenantrsquos right to tender past due rent and the dispossessory fee can be contractually waived5 Indeed in many commercial real estate leases this right is waived All commercial landlords should have an attorney review their lease to en-sure that they have the right to regain possession of their property upon default without giving a tenant the right to pay the past due rent and dispossessory fees
Following the freedom-to-contract prin-ciple a commercial landlord can accept a partial payment without waiving his rights to evict Under OCGA sect 44-7-52(c) a commercial landlord is free to take a par-tial payment and continue the eviction process unhindered Of course any money received would offset the landlordrsquos dam-ages So commercial landlords cash that check and keep on going
Disclaimer The information contained in this article is for informational purposes only and is not legal advice or a substitute for legal counsel
It does not constitute advertising or solicitation The information in this article may or may not reflect the most current legal developments ac-cordingly this article is not guaranteed to be complete and should not be considered an indi-cation of future results
Comment on this article online at httpatlantareiacomp=19013
1 OCGA sect 44-7-52(a)2 Id 3 Id4 Gay v American Oil Co 115 Ga App 18 153 S E 2d 612 (1967)2 Id3 Id4 Gay v American Oil Co 115 Ga App 18 153 S E 2d 612 (1967)5 Hardwick v 3379 Peachtree 184 Ga App 822 824 363 SE2d 31 (1987)
real estate legal report
Jon David Huffman 404-373-4008 x 304JonDavidPooleLawGroupcom
wwwPooleLawGroupcom
wwwJonDavidHuffmancom
Jon David Huffman is a litigation attorney specializing in real estate disputes business disputes and commercial collections With
more than a decade of experience managing small businesses before attending Emory Law School he brings a business ownerrsquos perspective to the practice of law
wwwMeetUpcomAtlantaREIA
Join us on Meetup and RSVP for the meetings you will be attending
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 20
Atlanta Real Estate Investors Alliance bull FEB 2013
With each New Year comes new ventures More and more often investors have
to expand their investment territories in order to stay active As technology con-tinues to make the world a smaller place many investors are also looking at invest-ing in different states and some in differ-ent countries By doing this the amount of inventory increases dramatically if you make the right contacts At the same time if you work with investors that are open in investing out of state or in different coun-tries you have the ability to sell more
With all this said it is not always as easy as it may sound whether you are the buyer or seller As the buyer you need to make a trip to the new area you are looking to invest in The reason to do this is obviously to learn the market but secondly to make a few key contacts in the area The main contacts you need to make are a few wholesalers real estate agents contractors a title company and property management if you are look-ing for rentals Not only will these contacts help you in their area of specialty but they can also be go-to people for a second opinion on any potential deals In order for this to be a win-win situation you want to use these contactsrsquo services For example if you ask a contractor to verify repair cost on a home you should use himher for that project
The suggestions mentioned above also ap-ply to those looking to sell properties out-side their local area of expertise If you are teaming up with a local in a new area make sure you are working with someone that can answer questions experienced investors will need answered Keep in mind that just because someone tells you a property is a good deal to invest in does not mean it is
You may be marketing a property that you would normally not market Even worse you may end up selling a property that you would not have sold if you knew the market better Investors will typically follow you into another statecountry if you have been part of their success in their local market Investors should do their own due diligence but you should do your own before even marketing that deal otherwise you will lose credibility You may not only lose credibil-ity in the new market but also in your local market You can also lose money that you have out for a due diligence period andor earnest money if you discover that you con-tracted a dud Remember the importance of closing once you have a contract in place
Before venturing into a new market make sure you at least make the contacts men-tioned above Let them know your inten-tions of investing andor selling in their area soon but are currently familiarizing yourself with the market This will prevent them from thinking of you as just another window shopper Remember that if you create a win-win-win situation your success will continue to grow
Comment on this article online at httpatlantareiacomp=19041
FroM contract to closing
New TerritoriesBy Michael Vazquez
Michael Vazquez 678-951-9222MichaelPVazquezGmailcom
Michael Vazquez has been offering properties to real estate investors significantly below market value since 2006 in both Texas and Georgia
Michael is always looking to for more investors to work with
Solutions that help you Make More
Work LessUse your iPad iPhone or other mobile device anywhere tohellip
H Find comps and rental rates
H Sign and send contractsH Plan your entire rehabH and so much more
Check it out noW5 Day Trial for only $1
Make More Work LessGo To
MobileRealEstateRockstarcomAtlanta-REIA
Keep up to date with our latest opportunities by joining us on Twitter at wwwTwittercomAtlantaREIA
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 21
Atlanta Real Estate Investors Alliance bull FEB 2013
Every New Yearrsquos Day people consider what they want to ac-complish in the following year
Well we are now 30 days into 2013 and I am sure that you have reflected on 2012 What resolutions did you follow to success What results have you seen from last yearrsquos work
At the beginning of 2013 I reflected on what I considered success Like many of you I realized that I want to improve my monetary financial relationship and problem-solving skills because these lead us to success What is success in 2013 ACHIEVING MORE OF YOUR GOALS
We all know that success in our busi-ness means learning new tricks tips and techniques We must accumulate knowledge and power We must achieve a superior capacity to think and act effectively through presentations best practices and strong strategies We must have a highly competitive advantage a platinum value But how do we strengthen the skills that we MUST have
The ONLY way to achieve this is through what I call PAC Planning Accountability and Consistency
Planning
Planning means success Planning means that you will be prepared to react logically You will be able to carefully consider the market environment re-lationships and finances Planning sets you up for control of your own success
Because Irsquove been in this business for so long one of the many things I can tell you is an easy way to plan-- measure what you are doing Here is how
bull Graph your numbers once a week
bull Reflect on your graphmdashAre your ef-forts showing success
- If not change your strategy
- If so reflect on what you have done and decide how to do it even better
For example wanting to earn $200000 a year is my goaldesired outcome To do this I will work backwards from the goal to the actual steps and processes needed to allow me to achieve the goals These steps are the action plan
ONLY when we know our goals can we outline the steps to get there Only then can
we follow the steps and make adjustments
Accountability and Consistency
Do you make time for your success or do you need support to be consistently accountable to your goals your plan and yourself
This is where I come in I can coach you with your plan accountability and con-sistency PAC
Irsquod like to share some of my action steps for 2013mdashthese are examples of action steps that as your coach I can help you to create plan and execute As your coach I can help you increase your ex-pertise with goals like these by helping you to use the PAC principles
1 Increase my profitability by using my resources effectively and ef-ficiently Example Limit events tasks and time with people which donrsquot align with my goals or which canrsquot be satisfied
2 Create systems situations and op-portunities to meet and present to qualified customers Goal Meet new customers 20 of the time
3 Focus 100 on my emotional physical and mental focus What can I do
4 Debrief after events to increase my expertise
Consistent effort energy time use of resources and learning will allow me to achieve my goals It will help you toomdashif you apply PAC
With PAC and my assistance you can eliminate sabotaging behaviors and be-
hoW to Be a real estate investor
2013 A Year of Achieving Your Goals with PAC By Russ Hiner
Join us for
LATE nITE nETWoRKInGat the Meeting-After-the-MeetingWe meet at the Tilted Kilt Perimeter located 1155-B Mount Vernon Highway in Atlanta right after our Atlanta REIA Main Meeting
PERIMETERcontinued on page 23
Attend Russrsquos Creative Deal Structuring on Feb 9th at 7PM
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 22
Atlanta Real Estate Investors Alliance bull FEB 2013
Welcome back If you read Part One of this article you know that we covered the
other different types of popular real es-tate deals that most people do and the biggest problems with them these days Then we talked about how advantageous it is to do the new type of deals Whole-saling Pretty Houses
But we still have a few important things to cover so letrsquos pick up where we left offhellip
Once you agree on the deal amp terms with the seller you get all the paperwork signed amp closed at either a title compa-ny or attorneyrsquos office No exceptions Yoursquoll want that legal backup in case the seller conveniently forgets what they agreed to later
So now yoursquove got a deal under contract amp all the paperwork signed What now Simple You get it lsquosoldrsquo as an oppor-tunity to a tenant buyer who 1 Has a decent chunk of money to put down (typically $5000+minimum) and 2 Can afford the existing monthly mort-gage payments
For example letrsquos say you have a house worth $250000 The seller owes $260000 with monthly PITI payments of $1550 amp theyrsquore current The house needs little to no repair amp is in a great neighborhood where people want to live The seller just wants to walk amp realizes
that there is NO money to be made on this deal obviously
So at a glance it looks like this
ARV $250kOWE $260k PAYMENT $1550 PITI
currentREPAIRS $0ASKING $0 Just wants out (for what-
ever reason eg job x-ferloss divorce etc)
So you SELL the house on a Lease Purchase (aka lsquoRent to Ownrsquo) to a tenant buyer who falls in love with the house has at least $5000 to put down as Non-Refundable Option Consideration and can easily af-ford the $1550 monthly payments (plus utilities HOA etc obviously)
You arrange the closing at the title compa-nyattorneyrsquos office (have the tenant buyer pay their fee) and collect your check
hellipAND YOUrsquoRE DONE You are OUT of the deal from this
point forward
So what just happened And why would you WANT to be OUT of the deal after that
Good question Letrsquos recap shall we
You found amp negotiated a deal on a house with little to no equity that no one else would touch You solved the sellerrsquos prob-
lem amp they love you for it You then went amp found a tenant buyer who couldnrsquot buy a house now if their life depended on it (in most cases) and gave them an honest op-portunity to eventually buy this beautiful house in a beautiful neighborhoodhellip even if their credit is terrible
(NOTE The worse their credit is the more you should collect as a downpay-ment )
After that the tenant-buyer should just make the monthly mortgage pay-ments as rent There are a few options on how they can do this 1 Pay directly to the seller 2 Pay directly to the mortgage company 3 Pay to a 3rd-party paymentescrow company I highly suggest doing the 3rd so everyone can be sure the pay-ments are made on time There are several companies that will provide this service for you for a nominal fee ranging from $5 to $50mo Check around for more informa-tion on that
So herersquos the next big question WHY would YOU as the investor want to be DONE with the deal after that Why wouldnrsquot you want to get the deed or stay in the deal
Herersquos the answer You WOULD want to stay in the deal (and maybe get the deed)hellip IF
IF the seller has equity IF the house is go-ing UP in value Or IF the mortgage pay-
The Best Deals To Do in Real Estate in 2013 amp Beyond ndash Part 2By Tony Pearl
pearls oF WisDoM
NGaREIANorth GeorGia reia MoNthly MeetiNG
2nd Thursday of Each Month at 700 PMat the Hilton Garden Inn
Cartersville GA
See httpREIOutpostcom for more information
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 23
Atlanta Real Estate Investors Alliance bull FEB 2013
ments are LOW and the rent is HIGH Those are some great examples of why you WOULD want to remain in the deal
But IF the opposite is true you should simply collect your down payment from the seller amp assign that deal that you just lined up Wait a minute Assign the deal WHO would you assign the deal to
Irsquom smiling as I write this and hopefully you will too as you realize the obvious
You ASSIGN the deal right back to the SELLER of the house Does that make sense
When the house goes back up in value amp the tenant buyer is ready to buy guess what
Theyrsquoll buy directly from the seller And you explain all that to everyone involved in the deal
This Type Of Deal Is Tremendously Advantageous
To You When
bull Houses in that area are still declining in value
bull If the seller simply owes too much
bull Or if you just want an easy-in easy-out type of simple deal to do that still quickly puts thousands of dol-lars in your pocket without any risk or rehab
In the example above you got a check for (at least) $5000 pretty quickly and you donrsquot have to deal with the tenant-buyer or the seller ever again if you donrsquot want to In Out Paid Done Simple
Of course there are some important de-tails in the middle that you should learn If these types of deals make sense to you and you would like to learn more either ask your local REIA leader to get more information for you or drop me a line Irsquod love to help
So there you have it I believe that wholesaling pretty houses is one of the best types of deals you can be doing in 2013 amp beyond Itrsquos quick amp easy and there are plenty of deals like that out there now Best of all therersquos VERY little competition to do this For now
Hopefully your competition wonrsquot read this article
Until Next Time
Tony Pearl
Comment on this article online at httpatlantareiacomp=19037
Tony Pearl202-556-0670TonyTonyPearlcom
wwwTonyPearlcom
wwwFacebookcomTonyPearl
wwwTwittercomTheTonyPearl
wwwYoutubecomTonyPearl
Tony Pearl is an entrepreneur copywriter proud father mentor marketing consultant and talented teacher who resides in the Washington DC area He
has traveled to over 26 countries speaks 4 languages and continues to travel extensively He has been a professional Ballroom and Latin dance instructor competitor and exhibitor for over 19 years As a Real Estate Investor Tony has bought and sold over Ten Million dollars worth of real estate and has been educated by and associates with the best
Russ Hiner 404-660-4289RussRHinercom
wwwRHinercom
wwwFacebookcom1RHiner
Russ has been investing in real estate in Atlanta Georgia since 1981 His company currently controls apartment buildings and single-family properties in Georgia and
other states His focus is on raising private capital through Hedge Equity LLC
Russ invests everyday His knowledge and experience is current in the market He is capitalizing on the needs wants and desires of the customer He has a deep level of experience in building relationships with vendors investors tenants sellers and qualified buyers He has the knowledge to negotiate contracts manage rental properties and make his co-investors wealthy He enjoys taking properties which are virtually destroyed renovating them and creating a better community
come accountable Being accountable will lead to success which will give you the confidence to take responsibility for your greatness Confidence is liberating It leads to increased passion for your work With renewed passion 2013 can be your year of commitment and success With renewed energy you can follow your Plan that will lead you to Consis-tency Accountability and SUCCESS
So itrsquos 2013 You have goals
Will you use the same techniques that you did in 2012 Or will you join me and others whom Irsquove worked with in using new tools and renewed energy
What is the action step to begin plan-ning What should you do to help you remain on track
What can you do to make 2013 a differ-ent year for you a year of success
I am looking forward to meeting you and helping you on your way to a suc-cessful 2013
Comment on this article online at httpatlantareiacomp=19035
Achieving Your Goals with PAC cont from p21
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 24
Atlanta Real Estate Investors Alliance bull FEB 2013
How to Quickly Get 10 to 15 Good Rental Properties Paid For Free and Clear By Larry Harbolt
creative Financing is king
Larry Harbolt 727-420-4810LarryHarboltGmailcom
wwwLarryHarboltcom
wwwFacebookcomLarryHarbolt7
wwwTwittercomLarryHarbolt Larry Harbolt is the nationrsquos leading creative Seller Financing expert as well as a popular national real estate speaker and teacher whose time-
tested strategies and nuts and bolts teaching style has helped thousands of aspiring real estate entrepreneurs realize their financial dreams with little or no money and without the need for credit Larry has been successful creatively buying and selling real estate for over 30 years and has written numerous popular articles and real estate courses Larry also has been running a meetup group in St Petersburg FL for real estate investors for over 13 years
We are already in the second month of 2013 and I just had a conversation with one
of my students who wanted to know how to create wealth in the shortest possible pe-riod of time The following is my idea how wealth for any real estate investor can be created in the shortest period of time
Here is an example of how you can quickly achieve financial freedom and then wealth investing in real estate
For instance the first thing you need to do is buy 10 to 15 well selected income pro-ducing properties you are willing to keep long term as your retirement program and the base of your future wealth I personally love the thought of someone else having to go to work every day to earn money they give me in the form of rent each month that pays for my properties without me having to have a job or have to go to work every day Then once you have bought your 10 to 15 keeper rental houses in good neighborhoods with tenants who are pay-ing on time every month letrsquos say $1000 each month of which $520 goes for the monthly loan payment and after monthly expenses of property taxes property insur-ance a maintenance fund and a vacancy fund leaves you from the $1000 gross rent approximately $150 each month to put into your pocket Letrsquos say for each of your keeper rental properties you paid $88000 with very little money down and were able to get seller financing terms for 30 years
Then once you get those 10 to 15 houses free and clear with no debt each month you get to keep the entire $1000 from each house (less taxes and insurance and main-tenance costs) leaving you about $600 to $650 from each house each month Ten houses at $600 each equals $600000 each month paid directly to you to pay your bills Some of you might need 15
houses to achieve your goals If you have 15 houses x $600 net each month will give you $9000 per month income to cover your monthly expenses Once you have that much coming in each month you will have financial freedom but not yet wealth Wealth comes over time Let me show you how to get your properties free and clear in the shortest period of time
Getting Your 10 to 15 Houses Free and Clear In a Short
Period of Time
After you have your base of 10 to 15 houses bought then each year go out and buy an additional 10 to 15 houses The additional 10 to 15 houses you buy each year can be rehabbed and then sold If you were to take all of the profits from the sale of each of the additional 10 to 15 houses (after paying the taxes) and use the money you have left to pay off one or two of the loans on the houses you plan to keep and you did this over and over for a few years your base of rental properties would soon be com-pletely paid for and you would then have enough income coming in each month to be financially free
This is definitely a plausible and possible plan to become financially free in the short-est period of time Once you have done this you will then have more time and money to continue to buy even more houses sim-ply because you will have enough income each month coming in so you donrsquot have to go to a job you hate every day
Once all of your base of income produc-ing properties are completely paid for and are free and clear you will probably truly be a millionaire If you have 15 properties valued at $80000 that are free and clear your net worth will be $80000 X 15 = $1200000 Now you are wealthy
You Must Have a Wealth Building Strategy to Be
Successful
This is how true wealth is created over time People who only wholesale property for a living are not true investors -- they really have a job When a wholesaler buys a property and then passes it on to another person and they get paid a fee that money will be quickly spent and they then have to go out and find another property to whole-sale again so they can get another fee To me thatrsquos a job and I donrsquot want another job I want financial success
If you plan to be a successful real estate in-vestor and create the wealth you want it is going to be very important that you are able to recognize opportunity when it pres-ents itself It took me nearly 25 years to figure this out for myself and that is why I am sharing this information with you now so you can more quickly achieve financial freedom and your eventual wealth
Comment on this article online at httpatlantareiacomp=19032
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
Atlanta Real Estate Investors Alliance bull FEB 2013
Join our Mobile Real Estate Investor VIP ListJust text ATLAnTA to 404-996-1099Standard text message rates apply
Follow us online from your mobile phone at httpAtlantaREIAcom httpFacebookcomAtlantaREIA httpTwittercomAtlantaREIA httpYoutubecomAtlantaREIA httpMeetupcomAtlantaREIA
Want to stay plugged in and connected to Atlanta REIA from
your mobile device
Subscribe to The Profit Newsletter amp Email list at httpSubscribeAtlantaREIAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
For a Limited Time
Wersquore Sharing our Design Firm with our Advertisers
GROW YOUR BUSINESS TODAY placing an ad in The Profit and our design firm River City Consulting will design your ad for FREE Wersquoll also provide you with the digital file to use online and to have printed to use as promotional flyersMinimum 3-month Obligation
When yoursquore ready to get started call Christine Griffin at 678-701-7160 or email adminatlantareiacom
SEE THEIR WORK IN amp ON
AAttllaannttaa RREEIIAA MMeemmbbeerrsshhiipp AApppplliiccaattiioonn Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560
Atlanta REIA Use Only Member ____________ Exp Date ____________ ID Card Printed Sent _________
Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560 rev 1282011
Membership Plans - Choose a Membership Plan
Silver Membership for Individual $100year
Silver Membership for Couple $150year
Gold Membership for Individual $300year
Gold Membership for Couple $300year
Applicant Information - Please print clearly
Applicant 1 Applicant 2
Address
Phone 1 Phone 2
Email 1 Email 2
Sponsor (if applicable)
Payment Information - Please print clearly
Name on Card Total Amount $
Billing Address
Card Type Visa Master Card Discover American Express
Card Number Expiration Date Code
Terms of Sale Disclaimer amp Release The undersigned Applicant(s) hereafter called the Applicant understands and acknowledges that membership in the Atlanta Real Estate Investor Alliance hereafter called Atlanta REIA absolutely does NOT entitle nor make Applicant a legal member of Atlanta REIA LLC the company Applicant acknowledges that Atlanta REIA does not render legal tax economic or investment advice All programs are provided with the understanding that Atlanta REIA is not engaged in rendering legal tax or other professional services If legal tax or other expert assistance is required the services of a competent professional should be sought Atlanta REIA does not investigate its members nor vouch for nor make representation as to the honesty integrity reliability motives andor resources of its members officers directors employees agents and or contractors The Applicant in consideration for hisher acceptance as a member of Atlanta REIA hereby releases discharges and agrees to indemnify Atlanta REIA its officers directors members employees agents andor contractors from any liabilities now accrued or which may hereafter accrue from their actions inactions or communications made by Atlanta REIA andor officers directors members employees agents andor contractors in or through their respective capacities with Atlanta REIA Applicant agrees to comply with the terms and conditions described herein the Code of Ethics and any other terms described on our website at AtlantaREIAcom as well as any other Atlanta REIA rules and regulations Applicant agrees and acknowledges that Atlanta REIA may enforce these codes terms rules and regulations at its sole and absolute discretion and may terminate this membership at any time for any reason whatsoever Applicant grants to Atlanta REIA its representatives and employees the right to take photographs video or audio of Applicant and Applicants property Applicant authorizes Atlanta REIA its assigns and transferees to copyright use and publish the same in print andor electronically Applicant agrees that Atlanta REIA may use such photographs video and audio of Applicant with or without Applicants name and for any lawful purpose including but not limited to publicity illustration advertising and web content Applicant grants permission to Atlanta REIA to contact Applicant regarding membership and related business by phone fax email text message chat programs social networking automated voice broadcast dialers or any other means necessary By completing this application Applicant agrees to give Atlanta REIA permission to bill the credit card above for the membership plan selected above Applicant acknowledges and agrees that the term of membership is one (1) year and that billing for membership will be automatically renewed for one (1) year upon expiration at the then current membership rate and that the appropriate charges be applied to Applicants credit card on file Should Applicant decide to cancel membership a written notice of cancellation must be emailed faxed or sent via postal email to Atlanta REIA at the address email or fax below thirty (30) days prior to the next billing or renewal period Atlanta REIA must acknowledge receipt of this written cancellation notice for it to be valid Membership dues are NON-REFUNDABLE for any reason whatsoever Applicant promises NOT to initiate any refunds or credit card charge backs for these membership dues and related charges at any time Applicant agrees that Atlanta REIA may change the terms of this Agreement or its membership dues at any time by posting such changes to our website at AtlantaREIAcom By continuing membership Applicant agrees to be bound by such changes Applicant will send all written notifications to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 Fax 770-216-1560 Email noticesatlantareiacom With my signature I accept the Terms of Sale Disclaimer amp Release and I authorize Atlanta REIA LLC to charge my credit card for the membership plan above as well as total recurring amount shown I further acknowledge that these membership dues are non-refundable
Applicant 1 (sign) Applicant 2 (sign)
(print) (print)
Date Date
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 27
Atlanta Real Estate Investors Alliance bull FEB 2013
Atlanta REIA Meetings CalendarhttpAtlantaREIAcomMeetings
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
3rd Wednesday of Each MonthLate Nite Networking Buford900 PM ndash Late NiteTilted Kilt 3480 Financial Center Pkwy M1080 Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
3rd Thursday of Each MonthSavannah REIA630 PM ndash 900 PMGallery Espresso234 Bull St Savannah GALeader Aislee Jacksonhttpsavannahreiacom
4th Monday of Each MonthAtlanta REIA West Meeting630 PM ndash 900 PMCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Monday of Each MonthLate Nite Networking Marietta900 PM ndash CloseCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Tuesday of Each MonthNote Buyer Group Meeting630 PM ndash 830 PM Olive Garden 2467 Cobb Parkway SE Smyrna GALeader Tom Boyerhttpnbgatlantareiacom
4th Thursday (Once Per Quarter)Beginning Investors Group Meeting (BIG)630 PM ndash 900 PMChef Robrsquos Caribbean Cafe 5920 Roswell Rd NE A117 Sandy Springs GALeader Alan McDonaldhttpbigatlantareiacom
4th Thursday of Each MonthCash Cows Commercial Group1130 AM ndash 100 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GAhttpcashcowsatlantareiacom
Meets at Various Times Each MonthCash Flow Players Group MeetingTo Be AnnouncedSecrets Factory 2030 Powers Ferry Rd SE 440 Atlanta GALeader Alan McDonaldhttpcashflowatlantareiacom
2nd Wednesday of Each MonthSpanish Investors Networking Group (SING)630 PM ndash 830 PMTaco Depot 4788 Sugarloaf Pkwy 107 Lawrenceville GALeader Michael Vazquezhttpsingatlantareiacom
2nd Wednesday of Each MonthI Love Marketing Group700 PM ndash 900 PMSocial Vinings 3621 Vinings Slope SE Atlanta GALeader Rock Shukoorhttpilmatlantareiacom
2nd Thursday of Each MonthAtlanta REIA South Meeting630 PM ndash 830 PMGiovannarsquos Italian Kitchen 1375 Virginia Ave East Point GALeader Reggie Jackson amp Gordon Cattshttpsouthatlantareiacom
2nd Thursday of Each MonthNorth Georgia REIA700pm - 900pmHilton Garden Inn Cartersville 24 Liberty Drive Cartersville GALeaders Bill amp Kim Cookhttpreioutpostcom
2nd Thursday (Once Per Quarter)Small Business Group (SBG)330 PM ndash 530 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Karen Bershadhttpsbgatlantareiacom
3rd Monday of Each MonthMovers amp Shakers Lunch Meeting1100 AM ndash 130 PM5 Seasons Brewing3655 Old Milton Parkway Alpharetta GALeader Gordon Cattshttpmoversandshakersatlantareiacom
3rd Tuesday of Each MonthGwinnett County Group (The Fish Club)700 PM ndash 900 PMRed Lobster2055 Pleasant Hill Rd Duluth GALeader Aaron McGinnishttpfishclubatlantareiacom
3rd Wednesday of Each MonthAtlanta REIA North Meeting630 PM ndash 830 PM1960 Skylar Hill Dr Suite D Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
February 4th 2013Atlanta REIA Main Meeting530 PM ndash 900 PM Crowne Plaza Ravinia Hotel4355 Ashford Dunwoody Atlanta GA Leader Dustin Griffinhttpmainatlantareiacom
1st Monday of Each MonthLate Nite Networking Dunwoody930 PM ndash Late NiteTilted Kilt 1155-B Mount Vernon Hwy Atlanta GALeader Lee Buddenhttpmainatlantareiacom
1st Monday (Once Per Quarter)Mobile Real Estate Rockstars Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Don DeRosahttprockstarsatlantareiacom
1st Monday (Once Per Quarter) Short Sale amp Foreclosure Group300 PM ndash 530 PMTotal Wine amp More124 Perimeter Center W Atlanta GALeader Bob Masseyhttpssfatlantareiacom
1st Monday (Once Per Quarter)Active Investors Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Gordon Catts
1st Tuesday of Each MonthMountain REIA630 PM ndash 900 PMGolden Corral 2025 Market Place Blvd Cumming GALeader Gordon Cattshttpmountainreiacom
1st Wednesday of Each MonthCreative Deal Structuring Group (CDS)700 PM ndash 900 PMWhitehall Tavern 2391 Peachtree Rd NE Atlanta GALeader Russ Hinerhttpcdsatlantareiacom
Every Thursday (Except Major Holidays)Have amp Wants Meeting130 PM - 330 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Joe Thompsonhttphavesandwantsatlantareiacom
Next Meeting March 28th
Next Game on Sat Feb 9th
Meets Monday Feb 4th
ATLANTA REIA CALENDAR OF EVENTSFEBRUARY 2013
SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
Movers amp Shakers1100am - 130pm
Gwinnett County Group (The Fish Club) 700pm ndash 900pm
I Love Marketing Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pm
Mountain REIA630pm ndash 900pm
Atlanta REIA MAIN MEETING with Bill Cook
530pm ndash 900pmMobile Real Estate Rockstars Group 300-500pm
Creative DealStructuring Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pmAtlanta REIA South Meeting630pm ndash 830pmNorth Georgia REIA700pm - 900pm
NEWSLETTER dESigN PRovidEd by
SNEAK PEEK FOR MARCHMAR 4 ATLANTA REIA MEETING
APR 1 ATLANTA REIA MEETING WITH JAY CONNER
APR 27 FULL DAY WORKSHOP WITH JAY CONNER amp RON LEGRAND
Haves amp Wants Meeting130pm - 330pm
Cash Cows Commercial Group1130am - 100pmHaves amp Wants Meeting130pm - 330pm
Atlanta REIA West Meeting630pm ndash 900pmLate Nite Networking Marietta900 PM ndash Close
Note Buyer Group Meeting 6300pm ndash 830pm
Atlanta REIA North Meeting630pm-830pmLate Nite Networking Buford900pm - Late
Grow Your Wealth With The Financial
Calculator Workshopwith Bill amp Kim Cook
900am - 500pmCartersville GA
Wealth Building Using Self-
Directed IRAswith Dyches Boddiford amp
Pete FortunatoAtlanta GA
- FB
- YT
- MU
- Button 34
- Button 72
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 9
Atlanta Real Estate Investors Alliance bull FEB 2013
Yoursquore driving your Uncle Bugsy to the doctor when you spot a ldquofor sale by ownerrdquo sign in
front of a nice little brick house Yoursquore already running late but yoursquove been watching this house ndash itrsquos got a big blue tarp draped over the roof ndash for a couple of months now Yoursquove got no pen and paper and you wonrsquot have time to stop later Sure you can snap a picture with your cellphone but yoursquod really like to take some notes too
Unfortunately Uncle Bugsy isnrsquot known for his patience so yoursquore only going to have about a minute before he starts com-plaining about how inconsiderate kids are nowadays
What should you do
If you have an iPad the solution is a great little app called CaptureNotes Capture-Notes might look like just another note-taking application but itrsquos not Yes it lets you do all the usual note-taking things create notes choose the type of paper and ink color and doodle and scribble on a touch screen So far itrsquos pretty ordinary
But there are three other things Capture-Notes does that make it really useful for us asreal estate investors
First it has some pretty sophisticated bells and whistles You can add photographs andrecord audio while yoursquore taking notes
(say in a seminar or while yoursquore inspect-ing a house) And then you can draw or write on the picture The app also uses searchable customizable color-coded flags as reminders (red for ldquoto dordquo for example or green for ldquoresearch neededrdquo) Those flags can even be used to tag a specific mo-ment in the audio
Second it allows you to import PDF files and use them as templates This is a great way to create standardized forms for spe-cific uses As an investor I find that this kind of streamlining is a big part of my success ndash it allows me to spend more time on buying and selling properties which is where the money is
Finally CaptureNotes provides a pretty painless way to back up your new files simply by uploading them to Dropbox or iTunes
Let me say something here about backing up your files If you arenrsquot already back-ing up please start Irsquove learned the hard way that itrsquos not a matter of IF your com-puter is going to crash Itrsquos a matter of WHEN And itrsquos a pretty safe bet that itrsquoll go dead at the worst possible time Please back it up
So picture it with the clock ticking (Un-cle Bugsy is waiting after all) you start a new notebook Then you jump out of the car and take pictures of the FSBO sign and various shots of the house Now add
those pictures to your note and then circle things on the picture of the house that might be problematic Go crazy and draw lots of arrows and circles Then flag some-thing just for the heck of it Between the flags and the ability to write and highlight in different colors yoursquoll have an exciting dynamic note thatrsquos definitely useful and darned near artistic
And thatrsquos a beautiful thing
Comment on this article online at httpatlantareiacomp=18998
Don DeRosainfoDonDeRosacom
wwwMobileRealEstateRockstarcomAtlanta-REIA
wwwFacebookcomDonDeRosa
wwwTwittercomDonDeRosa
Don DeRosa was recognized as one of the nationrsquos top 21 real estate investors in the New York Times bestseller The Millionaire Real Estate
Investor Don who is a full-time investor trainer and mentor is the first to offer his complete investing system on a mobile platform Don teaches investors how to Make More and Work Less by being more efficient productive and competitive leveraging mobile technology and apps on the iPad iPhone Android and other mobile devices
therersquos an app For that
CaptureNotes Your Life Color-Coded By Don DeRosa
ldquoIrsquom known for my handwritten notesrdquo ~ Pamela Anderson
wwwYouTubecomAtlantaREIA
Keep up to date with our latest videos by subscribing to our YouTube Channel
Attend Donrsquos Mobile Real Estate Rockstars Group on Feb 4th at 3PM
wwwTwittercomAtlantaREIAKeep up to date with our latest opportunities by joining us on Twitter
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 10
Atlanta Real Estate Investors Alliance bull FEB 2013
Marketing Magic tricks
By remembering just a few basics you as a Real Estate Investor can quickly determine whether or not
a seller is motivated to sell their prop-erty First of all a motivated seller will ask questions like ldquohow soon can you buy my houserdquo or ldquoHow can you help me get out of this situationrdquo or ldquoHow soon can you get hererdquo An experienced Real Estate Investor knows these are re-ally good questions for a seller to ask
There are two types of houses we are go-ing to buy either pretty houses or ugly houses and there are motivated sellers in both of these categories When you are marketing to sellers there are certain types of sellers who are much more likely to have a house they need to sell
For example I personally like working with out of state owners (folks who own a property where you live but donrsquot live there full time) heirs divorces vacant houses estate and probate properties military transfers and pre-foreclosures These sellers are much more likely to have a house they need to sell ldquoright nowrdquo and thatrsquos the kind of seller you want to work with As a Real Estate In-vestor you may also run into landlords who are fed up with tenants ruining their properties over and over These are all good sources of motivated sellers Most of these sellers are folks who donrsquot live in these properties
Okay so how are you the Real Estate Investor going to identify a motivated
seller First of all donrsquot be afraid to ask questions This is a basic truth in the real estate investing business The more will-ing a seller is to answer whatever ques-tions you ask the more motivated they are Never be afraid to ask ldquoIs that the least you would takerdquo You might be re-ally surprised at the answer to this ques-tion especially if you are dealing with a motivated seller
For example I recently worked with a seller who was asking $205000 for a property in good condition worth $275000 This seller was already mo-tivated but I ended up paying only $180000 for this property simply be-cause she asked if they would accept a lower price So be willing to ask ques-tions and know that the more willing a seller is to answer them the better deal you will make This is going to be very crucial to the success of your real estate investing business and the amount of profit you make on your deals
Another basic truth is that the more equity there is in a property the bet-ter a deal you are likely to make espe-cially if the house needs repairs Usually if there is a lot of equity and the sellers have owned the home for a long time or if they have just inherited it the more likely they are to let you have a large chunk of that equity for your profit
If there is very little equity in the prop-erty you are much less likely to be able to create a good deal unless the property
owner is simply willing to deed you the property for the balance of the mortgage and walk away As a seasoned Real Es-tate Investor I can personally tell you this absolutely happens So donrsquot be afraid to ask the question ldquoAre you will-ing to sell for what you owerdquo If they say yes you are dealing with a motivated seller who is likely to deed you the prop-erty for the balance of their mortgage which not only will lead to a good profit
Pre-Screening Sellers For Your Real Estate Investing Business ndash Part 2By Kathy Kennebrook The Marketing Magic Lady
Domain Names for just
$199
for first year with new non-domain purchase
httpSuperSmartDomainscombull Domain Names
bull Web amp Wordpress Hostingbull Email amp Exchange Accounts
bull SSL Certificatesbull Marketing Toolsbull and much more
Certain terms and conditions do apply See website for details
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 11
Atlanta Real Estate Investors Alliance bull FEB 2013
+ Voicemail+ Virtual Faxing
+ 24-7 Live Operators+ Online Management
Only
$30per month
Be sure to ask for the REIA discount
Or visit us on the web at
QualityAnsweringServicecomAtlantaREIA
877-774-1717
LIVE ANSWERING SERVICE
30MINUTES
Join us for Education amp networking at the Meeting-Before-the-Meeting each monthWe meet at the Total Wine amp More located at 124 Perimeter Center W
in Atlanta at 300pm before our Atlanta REIA Main Meeting
PERIMETER
wwwYouTubecomAtlantaREIA
Keep up to date with our latest videos by subscribing to our
YouTube Channel
for you but you donrsquot have to worry about where the money is coming from to fund your deal
Another truth is that the uglier the house the more motivated the seller is likely to be If you arenrsquot getting your offers accepted on ugly houses that you can quickly wholesale you arenrsquot target-ing the right kind of junker properties Ask any Real Estate Investor who has been in the business for awhile and they will tell you there is a fortune to be made in ugly houses The more difficult it is to find this type of seller the better deal you are going to make
Another situation that arises fairly often in todayrsquos market and creates motivated sellers is a simple one for you to spot If a seller is behind on payments this is definitely going to be a motivated seller If a motivated seller is behind on pay-ments and they have a lot of equity this is an opportunity for you to make a re-ally good deal You as a Real Estate In-vestor just have to learn to use a script to ask the right questions to determine if a seller is motivated and what kind of deal you are going to make with them Itrsquos not magic it just takes a little nego-tiation and a few questions to pre-screen sellers and create some really good deals
Just remember this the seller is either in or they are out donrsquot waste your time chasing dead deals If you follow this simple rule you will make a lot of mon-ey in your real estate investing business
For more information on pre-screening sellers locating motivated sellers and buyers and exit strategies visit Kathy Kennebrookrsquos website at wwwmarket-ingmagicladycom
Comment on this article online at httpatlantareiacomp=19027
Kathy Kennebrook941-792-5390KPaddlerATTnet
wwwMarketingMagicLadycom
wwwFacebookcomKathyKennebrook
Kathy Kennebrook is a speaker author and has been actively investing in real estate since 1999 Kathy currently resides in Bradenton FL and is known as the Marketing
Magic Lady because she is the countryrsquos leading real estate marketing expert on finding motivated sellers using direct mail
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 12
Atlanta Real Estate Investors Alliance bull FEB 2013
housing Second therersquos not much competition Folks wanting to buy a trailer are forced to pay all cash ndash cash they donrsquot have ndash because banks wonrsquot lend on used mobile homes in a park At the same time very few sellers offer owner financing If you buy for cash and then sell on time yoursquore offering a very unique ndash and profitable ndash service Third every month you receive mailbox money that is taxed as portfolio income ndash which means these earnings arenrsquot getting hit with Social Security or Medicare Taxes
There are also a couple of disadvantages First you must remember that park owners are all-powerful Donrsquot do a deal in a park unless you and the park owner have a clear meeting of the minds Second some of the buyers you work with can be pretty interesting Itrsquos shocking how many are 100 healthy but still get monthly disability checks These are your tax dollars at work folks
A few weeks back I partnered with my buddy Houston Long on my most recent Lonnie Deal He is a long-time
friend and fellow investor I put up the deal and the purchase money Houston agreed to be responsible for the rehab marketing and selling After Irsquove been repaid my purchase money we will split all profits 50-50
The trailer is a nice three-bedroom two-bath doublewide in a park in Acworth Georgia The seller was asking $12000 She agreed to our $5500 offer that included the following purchase terms Wersquod give her $3000 cash down if shersquod accept an unsecured note for the $2500 balance with payments of $100 per month at 0 interest for 25 months
A few weeks later Houston sold this home with owner financing for $17500 with the following sale terms $2000 down payments of $250 per month at 14 interest for 114 months
Including our expenses (about $2000) our yield on this deal was 39 When it came time to make our first $100 monthly payment to the seller we offered her $895 cash in exchange for our $2500 note She quickly accepted our offer Shorting our note from $2500
down to $895 lowered our purchase price from $5500 down to $3895 and increased our yield from 39 up to 5038
Over the years Kim and I have done a wide variety of creative deal structures Our favorite ndash and it happens to offer the highest yields ndash is Lonnie Deals
Comment on this article online at httpatlantareiacomp=19069
continued from page 1
Bill Cook 727-420-4810BillCook2009Gmailcom
wwwREIOutpostcom
Bill Cook is a full-time real estate investor speaker and author He specializes in single-family homes and mobile home parks Bill believes
that real estate investing especially the act of buying and holding rental property is the surest way to financial independence and wealth Bill and his wife Kim run North Georgia REIA where
they teach others how to successfully invest in real estate
Place Your Advertisement Here and Get Noticed
Sign up now and get your ad created by our design specialists for FREEThis introductory special is available for a limited time onlyIf you are ready to get started see our Advertising Rates in this issueThen call Christine Griffin at 678-701-7160 or email adminatlantareiacom
Mutiple Sizes Available
Buy a home like this at a (Actual Property Inventory May Vary)
Step-By-Step Real Estate SuccessAs Atlantas First Full Service Wholesaler We Can1 Find you the deal 65 of the after repair value (includes purchase
price and repairs)2 Provide a certified appraisal to validate value3 Finance the purchase price and repairs4 Have access to our in house contractors to complete repairs for you5 Use our selling agents to sell your beautiful renovated home6 Use our leasing agents if you prefer to buy and hold7 We have just taken all risk out of the deal for you
Goldmine PropertiesWhere Integrity amp Character Matter
WHoLESALE REAL ESTATE 65 LTV
Purchase Price amp Repairs are 65 of Certified After Repair Appraisal
Financing Available
SInCE 1996 WE HAVE WHoLESALED oVER 1700 PRoPERTIES
REnTAL PRoPERTIES 12-18 RoI with 35 Equity
THIS IS AS GooD AS IT GETS The most difficult and important aspect ofReal Estate Investing is finding the deal
ldquoTHIS IS OUR SPECIALTYrdquo
MIKE CHERWENKAmcherwenkaaolcom H wwwgoldminepropertiesnet
(Loan to Value)
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 14
Atlanta Real Estate Investors Alliance bull FEB 2013
PRAdO
Join us at the
Haves amp Wants MeetingEvery Thursday at 130pm 5 Seasons Brewing located at
5600 Roswell Rd in Sandy Springs at the Prado
Short Sales Are SailingBy Kimberlee Frank
Many Investors and Realtors avoid short sales like the plague They are definitely
missing the boat My business special-izes primarily in short sales and I have seen an increase in the number of ap-provals we are getting The time line for a short sale varies from 90 to 120 days if you submit the lender a ldquocompleterdquo short sale package Since short sales are dominating the market the Lenders are creating more streamlined processes to conduct smoother short sales If you do short sales then I am quite sure you have heard of the online system called ldquoEqua-torrdquo Equator allows all of the short sale paperwork to be processed electronically through one common venue versus tra-ditional and random faxes and emails Having a file processed online avoids the common objection from the short sale lender of ldquoWe didnrsquot receive the docu-mentsrdquo Effective January 1 2013 the newest lender that has started to use Equator is Chase The following lenders and servicers are presently using Equa-tor 1) Bank of America 2) Chase 3) Wells Fargo 4) GMAC 5) Nationstar 6) ASC 7) Carrington Mortgage and 8) Homeward Residential Services
The Equator System assigns applicable tasks to each party (Agent Negotiator Closer etc) including a deadline in which to complete each task I like the fact that the lenders can no longer say ldquoOh we never got that paperworkrdquo However I
donrsquot like the fact that they are tracking our information Nationstar has taken the collection of Buyerrsquos information to a whole new level They require all Buyers to fill out a loan application even though they most likely will not be using Nation-star as a lender This application has been mandatory and this has not been waived on any of my files If you are a Buyer on any property you are required to provide your name address telephone number DOB SS assets employment history and more This is regardless if you are purchasing for investment or personal use and if you are getting a mortgage or pay-ing cash
I believe that the lenders are collecting data against all Buyers and will soon share with each other how many deals each Buyer has purchased I had one student inform me that once he purchased over 10 properties from Bank of America he was no longer allowed to purchase any more in his name his wifersquos name or company name Therefore in the future when all lenders work as a team they will share all of this information and limit the amount of deals that an Investor can purchase Wells Fargo started using a system called Core-Logic approximately 2 years ago which al-lows them to simultaneously check to see who was applying for a mortgage at the same time they were conducting a short sale This caused Investors a hardship
even though they fully disclosed to Wells Fargo their intention to buy resell andor fix the property if they used my paper-work Many short sales were not approved at that time and many Investors had no idea WHY Some of the lenders frown on the fact that Investors are purchasing the property and would rather sell the house to a homeowner
You would think that the lenders since they are funded by Investors would un-derstand how we Investors work We donrsquot buy properties at full value as we are not going to live in the home This is a business and we canrsquot make the Sellerrsquos problem our problem by paying full value It is the Investors like us that are helping the lenders get money and not go under
Now is the time to purchase short sales and if you havenrsquot started you have 10 years to ride the wave so do it now Align yourself with a good Mentor and take flight just like many Investors around the world
Happy Sailing
Comment on this article online at httpatlantareiacomp=19030
Foreclosures gone WilD
Kimberlee Frank 407-888-3255KimberleeForeclosuresGoneWildcom
wwwForeclosuresGoneWildcom
wwwFacebookcomForeclosuresGoneWild
wwwLinkedincominKimberleeFrank
wwwTwittercomKimberleeFrank
Kimberlee Frank is a Master Negotiator who has closed over 600 deals since 1998 She is a Mentor Trainer Author and Real Estate Broker teaching Investors
and Realtors how to creatively purchase and sell short sales with her Step-by-Step System She has helped Investors and Realtors earn hundreds of thousands of dollars
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 15
Atlanta Real Estate Investors Alliance bull FEB 2013
Karen Bershad(770) 356-1234KarenSmallBusinessAdvisorbiz
wwwSmallBusinessAdvisorbiz
Karen Bershad is ldquoThe Small Business Advisorrdquo Most small business owners have a challenge handling all the different areas of
running a business The accounting can be a challenge particularly if the software seems overwhelming The Small Business Advisor is what you may need to get you to the next level of your business We work at your office or provide off site assistance in getting things under control by providing a wide variety of services that are specifically for the small business
How Do I Handle a Refundable Security Deposit in QuickBooksBy Karen Bershad The Small Business Advisor
It is the goal of this column to an-swer questions about QuickBooks and how it is used in the REI arena
Know how to record transactions in the proper way and have your set of books in good shape when it comes time for taxes It is our intention to do this by you the members submitting questions to Karensmallbusinessadvisorbiz and getting answers here in this column
Q I am having difficulty reconciling my bank account I have reviewed each entry and have found that several of my deposits do not match the amount the bank has for them How do I see all my detail on each deposit without click-ing on each one to open it
A Go to Reports ndash Banking ndash and look for a report called ldquoDeposit Detailrdquo It will give you line-by-line detail of your deposits in one report and you can com-pare that to what you have in the bank If you make copies of the checks for each deposit and put it with your deposit ticket on each one that will give you a paper back up of what you actually gave the bank This way if the bank made the error then you have details of what you produced to the bank
Q Why do I need to create sub accounts in my chart of accounts
A The Chart of Accounts is the main driver of the program If you have you accounts set up properly your reports ndash Income Statement and Balance Sheet ndash will be reflected properly You may want sub accounts for some of your ex-penses in particular to be able to see where certain money is being spent For instance ndash if you make sub accounts for Auto Expenses ndash Fuel Repairs amp Maint Tags Tolls amp Parking Insurance etc ndash you then can see that the total amount spent in that areas was not just Fuel which is expensive but you had a major repair done and therefore your compari-son to last year for the same time makes more sense
Q I received a ldquoRefundable Security Depos-itrdquo from my tenant How do I enter this into QuickBooks
A This is a Liability account that you will need to payout at some later date In your chart of accounts you should have a Liability account set up for Security De-posits Escrow ndash or some name that sets it apart from security deposits you paid that are owed back to you (which is an Asset) In the deposit window instead of showing this as income you should go to this special Liability account and book
it to that account When it is time to pay the tenant the money back less any damages if need be you will write the check out and expense it also to this Li-ability account to clear the money from the account
Comment on this article online at httpatlantareiacomp=19023
the QuickBooks Quickie
When yoursquore ready to get started see our Advertising Rates in this issue and then call Christine Griffin at 678-701-7160 or email adminatlantareiacom
httpatlantareiacomthe-profitadvertising-rates
If yoursquore looking to reach the Real Estate Industry here in the Greater Atlanta Metro Area and throughout Georgia you canrsquot do better than The PROFIT Your ad will reach more than 10000 each month with your message Our production teams are among some of the best designers in the country We make you look GOOD
Advertise Your Business in The Profit
American IRA Wants to be a Value Added Service to You or Your Business
Contact our office for any self-directed IRA questions you have or for a free consultation
1-866-7500-IRA(472) or infoamericaniracom
P We do business the old fashioned way At American IRA we pick up the phone
P We offer personalized service catered to each of our clientsrsquo needs
P We provide educational articles live webinars and many other resources
P We have experienced IRA instructors who are available for speaking engagements
P We provide joint webinars which allows you to high-light your services
P We provide free copies of your webinar in CDDVD format for you to promote your services
P We have a resource page on our website to list your services on (certain restrictions apply)
P We are experienced in investinghellip we understand your investment language
wwwAmericanIRAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 17
Atlanta Real Estate Investors Alliance bull FEB 2013
Business By the Book
Greed In Business = Trouble In The Family By Erven Kimble
The relentless drive to acquire the elusive ldquoAmerican Dreamrdquo is what fuels many business profes-
sionals To many in pursuit of the worldrsquos definition of success means ldquogetting more and morerdquo ldquoclimbing the corporate ladder at all costrdquo or perhaps it means ldquothe end justifies the means no matter whatrdquo This kind of ill-advised pursuit requires that a person disconnect other areas of life that makes significant demands on their time and attention One way to separate these distractions is to departmentalize them
Highly motivated entrepreneur and busi-ness professionals often compartmentalize their professional interests from the rest of their personal lives Many ldquogo-gettersrdquo tend to divide their lives into these differ-ent compartments and make decisions as if they are not interconnected For many their thoughts about church religion matters concerning God and the Bible or even their family have little or nothing to do with their day-to-day business decisions and activities that are required to be suc-cessful They rationalize that these differ-ent compartments neatly and separately co-exist For instance one might
bull Define things as being secular versus spiritual
bull Make clear distinctions between that which is personal as opposed to the professional matters
bull Or draw a big distinction between their family life and their business life
The truth of the matter is that God does not view our lives as being compartmen-talized A Biblical view sees the secular as spiritual and our professional and personal lives co-existing in the same space The
actions and the decisions that we make at the office effects what happens at home Whether a person realizes it or not deci-sions and practices in the work place have a direct impact on what happens back on the home front
The relentless drive to get more and more in the workplace is called ldquoGreedrdquo Greed is flaw that ultimately brings distrust and dishonor to all those involved A person in pursuit of unmerited gain is a continuous source of grief for themselves as well as their families Greed and covetousness leads men and women to habitually want more than their share As a results the progres-sive overflow of greed leads to bribes and the kickbacks Bribes and kickbacks are a perversion of justice a misrepresentation that ultimately breeds distrust and dishon-or to all those that are involved including all family members who bear their name
Those who refuse to be involved in these ungodly practices
will find longevity and prosperity
There is energizing freedom and great gratification in honesty that translates into the idea of establishing a legacy Business-men and businesswomen that strive to operate an honest business not only live well themselves they also leave a proud heritage to their children Conversely the foolish and fraudulent leave an inheritance of misery
ldquoThe good people who live honest lives will be a blessing to their childrenrdquo (Pr 207)(NCV)
A familyrsquos religious passion will produce the familyrsquos long-term qualities In other
words the children of ethical parents are the recipients of the divine favor of God The family traits model behavior that is mimicked by the children and ultimately the advantages or the hazards are experi-enced by the next generation When there are models of godly parents who live out their Christian beliefs the children are challenged to become wise themselves
Thoughts to Ponder
I Have you ever considered your business decisions would directly impact your family
II What legacy are you preparing to leave your children or family
III Have you considered the long term generational effect of your business practices
Comment on this article online at httpatlantareiacomp=19001
God does not view our lives as being compartmentalized
ldquoGreedy people bring trouble to their families but the person who canrsquot be paid to do wrong will liverdquo (Pr 1527)(NCV)
Erven Kimble 404-606-8909ElegantHomesLLCYahoocom
wwwPeopleWhoBuyHousescom
wwwFacebookcomEAKimble Erven Kimble is an accomplished pastor teacher author community leader licensed Christian Counselor and Real Estate entrepreneur Erven is a visionary that has faithfully
served as the Senior Pastor of a local church in Lilburn Georgia for twenty years
The author searched the Book of Proverbs and Psalms and extracted wisdom that reference business and finances to produce the series of articles called Business By The Book The purpose of these articles is to present time tested and proven Biblical principles in a way that is practical relevant and beneficial to the average business person
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REI SPECIALS
bull FRee 90-day Home warranty wItH every complete Home InspectIon
bull FRee recall cHeck on applIcances and mecHanIcal components oF tHe Home wItH FRee Updates For lIFe
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bull 247 onlIne scHedUlIng and docUment sIgnIng
bull FRee repaIrs re-InspectIon and InspectIon Update
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bull BOnDeD amp InsuReD wItH errors and omIssIons InsUrance
Visit wwwPetesFriendlyHomeInspectioncom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 19
Atlanta Real Estate Investors Alliance bull FEB 2013
Caution Landlords Accepting Money After Filing An Eviction Impacts Your RightsBy Attorney Jon David W Huffman
Landlords often have mixed emo-tions when their tenants call and offer them money after a dispos-
sessory warrant (an eviction) has been filed On one hand landlords are in the business of collecting rent However they worry how it may affect moving forward with the eviction Accepting a payment after an eviction is filed does af-fect your rights
Residential Landlords
A residential landlord has a duty to ac-cept a payment from a tenant who is in default if and only if the tenant tenders ldquoall rents allegedly owed plus the cost of the [eviction]rdquo1 However the tenant can-not wait until the last moment to do this They must tender the full payment within seven days of the day they were served the eviction paperwork2 There is no need to worry about a tenant doing this perpetu-ally because a landlord is only obligated to accept this type of payment once per year3 Making this payment provides a complete defense to the eviction and upon receipt a landlord should dismiss the eviction
If a residential tenant offers a partial pay-ment however BEWARE A residential landlord who accepts a partial payment from a tenant after an eviction has been filed waives his right to continue with the eviction and admits the continuance of the lease4 In simple terms the eviction fails and the landlord must start the eviction process over if he wishes to evict the ten-
ant It does not matter when the partial payment is made ndash whether one hour after the eviction is filed or five minutes before the eviction trial Thus the landlord must either reject the partial payment or if ac-cepted he must restart the eviction process
Commercial Landlords
Perhaps unsurprisingly the law on ldquonon-residentialrdquo or commercial leases allows more freedom to contract
A commercial tenantrsquos right to tender past due rent and the dispossessory fee can be contractually waived5 Indeed in many commercial real estate leases this right is waived All commercial landlords should have an attorney review their lease to en-sure that they have the right to regain possession of their property upon default without giving a tenant the right to pay the past due rent and dispossessory fees
Following the freedom-to-contract prin-ciple a commercial landlord can accept a partial payment without waiving his rights to evict Under OCGA sect 44-7-52(c) a commercial landlord is free to take a par-tial payment and continue the eviction process unhindered Of course any money received would offset the landlordrsquos dam-ages So commercial landlords cash that check and keep on going
Disclaimer The information contained in this article is for informational purposes only and is not legal advice or a substitute for legal counsel
It does not constitute advertising or solicitation The information in this article may or may not reflect the most current legal developments ac-cordingly this article is not guaranteed to be complete and should not be considered an indi-cation of future results
Comment on this article online at httpatlantareiacomp=19013
1 OCGA sect 44-7-52(a)2 Id 3 Id4 Gay v American Oil Co 115 Ga App 18 153 S E 2d 612 (1967)2 Id3 Id4 Gay v American Oil Co 115 Ga App 18 153 S E 2d 612 (1967)5 Hardwick v 3379 Peachtree 184 Ga App 822 824 363 SE2d 31 (1987)
real estate legal report
Jon David Huffman 404-373-4008 x 304JonDavidPooleLawGroupcom
wwwPooleLawGroupcom
wwwJonDavidHuffmancom
Jon David Huffman is a litigation attorney specializing in real estate disputes business disputes and commercial collections With
more than a decade of experience managing small businesses before attending Emory Law School he brings a business ownerrsquos perspective to the practice of law
wwwMeetUpcomAtlantaREIA
Join us on Meetup and RSVP for the meetings you will be attending
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 20
Atlanta Real Estate Investors Alliance bull FEB 2013
With each New Year comes new ventures More and more often investors have
to expand their investment territories in order to stay active As technology con-tinues to make the world a smaller place many investors are also looking at invest-ing in different states and some in differ-ent countries By doing this the amount of inventory increases dramatically if you make the right contacts At the same time if you work with investors that are open in investing out of state or in different coun-tries you have the ability to sell more
With all this said it is not always as easy as it may sound whether you are the buyer or seller As the buyer you need to make a trip to the new area you are looking to invest in The reason to do this is obviously to learn the market but secondly to make a few key contacts in the area The main contacts you need to make are a few wholesalers real estate agents contractors a title company and property management if you are look-ing for rentals Not only will these contacts help you in their area of specialty but they can also be go-to people for a second opinion on any potential deals In order for this to be a win-win situation you want to use these contactsrsquo services For example if you ask a contractor to verify repair cost on a home you should use himher for that project
The suggestions mentioned above also ap-ply to those looking to sell properties out-side their local area of expertise If you are teaming up with a local in a new area make sure you are working with someone that can answer questions experienced investors will need answered Keep in mind that just because someone tells you a property is a good deal to invest in does not mean it is
You may be marketing a property that you would normally not market Even worse you may end up selling a property that you would not have sold if you knew the market better Investors will typically follow you into another statecountry if you have been part of their success in their local market Investors should do their own due diligence but you should do your own before even marketing that deal otherwise you will lose credibility You may not only lose credibil-ity in the new market but also in your local market You can also lose money that you have out for a due diligence period andor earnest money if you discover that you con-tracted a dud Remember the importance of closing once you have a contract in place
Before venturing into a new market make sure you at least make the contacts men-tioned above Let them know your inten-tions of investing andor selling in their area soon but are currently familiarizing yourself with the market This will prevent them from thinking of you as just another window shopper Remember that if you create a win-win-win situation your success will continue to grow
Comment on this article online at httpatlantareiacomp=19041
FroM contract to closing
New TerritoriesBy Michael Vazquez
Michael Vazquez 678-951-9222MichaelPVazquezGmailcom
Michael Vazquez has been offering properties to real estate investors significantly below market value since 2006 in both Texas and Georgia
Michael is always looking to for more investors to work with
Solutions that help you Make More
Work LessUse your iPad iPhone or other mobile device anywhere tohellip
H Find comps and rental rates
H Sign and send contractsH Plan your entire rehabH and so much more
Check it out noW5 Day Trial for only $1
Make More Work LessGo To
MobileRealEstateRockstarcomAtlanta-REIA
Keep up to date with our latest opportunities by joining us on Twitter at wwwTwittercomAtlantaREIA
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 21
Atlanta Real Estate Investors Alliance bull FEB 2013
Every New Yearrsquos Day people consider what they want to ac-complish in the following year
Well we are now 30 days into 2013 and I am sure that you have reflected on 2012 What resolutions did you follow to success What results have you seen from last yearrsquos work
At the beginning of 2013 I reflected on what I considered success Like many of you I realized that I want to improve my monetary financial relationship and problem-solving skills because these lead us to success What is success in 2013 ACHIEVING MORE OF YOUR GOALS
We all know that success in our busi-ness means learning new tricks tips and techniques We must accumulate knowledge and power We must achieve a superior capacity to think and act effectively through presentations best practices and strong strategies We must have a highly competitive advantage a platinum value But how do we strengthen the skills that we MUST have
The ONLY way to achieve this is through what I call PAC Planning Accountability and Consistency
Planning
Planning means success Planning means that you will be prepared to react logically You will be able to carefully consider the market environment re-lationships and finances Planning sets you up for control of your own success
Because Irsquove been in this business for so long one of the many things I can tell you is an easy way to plan-- measure what you are doing Here is how
bull Graph your numbers once a week
bull Reflect on your graphmdashAre your ef-forts showing success
- If not change your strategy
- If so reflect on what you have done and decide how to do it even better
For example wanting to earn $200000 a year is my goaldesired outcome To do this I will work backwards from the goal to the actual steps and processes needed to allow me to achieve the goals These steps are the action plan
ONLY when we know our goals can we outline the steps to get there Only then can
we follow the steps and make adjustments
Accountability and Consistency
Do you make time for your success or do you need support to be consistently accountable to your goals your plan and yourself
This is where I come in I can coach you with your plan accountability and con-sistency PAC
Irsquod like to share some of my action steps for 2013mdashthese are examples of action steps that as your coach I can help you to create plan and execute As your coach I can help you increase your ex-pertise with goals like these by helping you to use the PAC principles
1 Increase my profitability by using my resources effectively and ef-ficiently Example Limit events tasks and time with people which donrsquot align with my goals or which canrsquot be satisfied
2 Create systems situations and op-portunities to meet and present to qualified customers Goal Meet new customers 20 of the time
3 Focus 100 on my emotional physical and mental focus What can I do
4 Debrief after events to increase my expertise
Consistent effort energy time use of resources and learning will allow me to achieve my goals It will help you toomdashif you apply PAC
With PAC and my assistance you can eliminate sabotaging behaviors and be-
hoW to Be a real estate investor
2013 A Year of Achieving Your Goals with PAC By Russ Hiner
Join us for
LATE nITE nETWoRKInGat the Meeting-After-the-MeetingWe meet at the Tilted Kilt Perimeter located 1155-B Mount Vernon Highway in Atlanta right after our Atlanta REIA Main Meeting
PERIMETERcontinued on page 23
Attend Russrsquos Creative Deal Structuring on Feb 9th at 7PM
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 22
Atlanta Real Estate Investors Alliance bull FEB 2013
Welcome back If you read Part One of this article you know that we covered the
other different types of popular real es-tate deals that most people do and the biggest problems with them these days Then we talked about how advantageous it is to do the new type of deals Whole-saling Pretty Houses
But we still have a few important things to cover so letrsquos pick up where we left offhellip
Once you agree on the deal amp terms with the seller you get all the paperwork signed amp closed at either a title compa-ny or attorneyrsquos office No exceptions Yoursquoll want that legal backup in case the seller conveniently forgets what they agreed to later
So now yoursquove got a deal under contract amp all the paperwork signed What now Simple You get it lsquosoldrsquo as an oppor-tunity to a tenant buyer who 1 Has a decent chunk of money to put down (typically $5000+minimum) and 2 Can afford the existing monthly mort-gage payments
For example letrsquos say you have a house worth $250000 The seller owes $260000 with monthly PITI payments of $1550 amp theyrsquore current The house needs little to no repair amp is in a great neighborhood where people want to live The seller just wants to walk amp realizes
that there is NO money to be made on this deal obviously
So at a glance it looks like this
ARV $250kOWE $260k PAYMENT $1550 PITI
currentREPAIRS $0ASKING $0 Just wants out (for what-
ever reason eg job x-ferloss divorce etc)
So you SELL the house on a Lease Purchase (aka lsquoRent to Ownrsquo) to a tenant buyer who falls in love with the house has at least $5000 to put down as Non-Refundable Option Consideration and can easily af-ford the $1550 monthly payments (plus utilities HOA etc obviously)
You arrange the closing at the title compa-nyattorneyrsquos office (have the tenant buyer pay their fee) and collect your check
hellipAND YOUrsquoRE DONE You are OUT of the deal from this
point forward
So what just happened And why would you WANT to be OUT of the deal after that
Good question Letrsquos recap shall we
You found amp negotiated a deal on a house with little to no equity that no one else would touch You solved the sellerrsquos prob-
lem amp they love you for it You then went amp found a tenant buyer who couldnrsquot buy a house now if their life depended on it (in most cases) and gave them an honest op-portunity to eventually buy this beautiful house in a beautiful neighborhoodhellip even if their credit is terrible
(NOTE The worse their credit is the more you should collect as a downpay-ment )
After that the tenant-buyer should just make the monthly mortgage pay-ments as rent There are a few options on how they can do this 1 Pay directly to the seller 2 Pay directly to the mortgage company 3 Pay to a 3rd-party paymentescrow company I highly suggest doing the 3rd so everyone can be sure the pay-ments are made on time There are several companies that will provide this service for you for a nominal fee ranging from $5 to $50mo Check around for more informa-tion on that
So herersquos the next big question WHY would YOU as the investor want to be DONE with the deal after that Why wouldnrsquot you want to get the deed or stay in the deal
Herersquos the answer You WOULD want to stay in the deal (and maybe get the deed)hellip IF
IF the seller has equity IF the house is go-ing UP in value Or IF the mortgage pay-
The Best Deals To Do in Real Estate in 2013 amp Beyond ndash Part 2By Tony Pearl
pearls oF WisDoM
NGaREIANorth GeorGia reia MoNthly MeetiNG
2nd Thursday of Each Month at 700 PMat the Hilton Garden Inn
Cartersville GA
See httpREIOutpostcom for more information
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 23
Atlanta Real Estate Investors Alliance bull FEB 2013
ments are LOW and the rent is HIGH Those are some great examples of why you WOULD want to remain in the deal
But IF the opposite is true you should simply collect your down payment from the seller amp assign that deal that you just lined up Wait a minute Assign the deal WHO would you assign the deal to
Irsquom smiling as I write this and hopefully you will too as you realize the obvious
You ASSIGN the deal right back to the SELLER of the house Does that make sense
When the house goes back up in value amp the tenant buyer is ready to buy guess what
Theyrsquoll buy directly from the seller And you explain all that to everyone involved in the deal
This Type Of Deal Is Tremendously Advantageous
To You When
bull Houses in that area are still declining in value
bull If the seller simply owes too much
bull Or if you just want an easy-in easy-out type of simple deal to do that still quickly puts thousands of dol-lars in your pocket without any risk or rehab
In the example above you got a check for (at least) $5000 pretty quickly and you donrsquot have to deal with the tenant-buyer or the seller ever again if you donrsquot want to In Out Paid Done Simple
Of course there are some important de-tails in the middle that you should learn If these types of deals make sense to you and you would like to learn more either ask your local REIA leader to get more information for you or drop me a line Irsquod love to help
So there you have it I believe that wholesaling pretty houses is one of the best types of deals you can be doing in 2013 amp beyond Itrsquos quick amp easy and there are plenty of deals like that out there now Best of all therersquos VERY little competition to do this For now
Hopefully your competition wonrsquot read this article
Until Next Time
Tony Pearl
Comment on this article online at httpatlantareiacomp=19037
Tony Pearl202-556-0670TonyTonyPearlcom
wwwTonyPearlcom
wwwFacebookcomTonyPearl
wwwTwittercomTheTonyPearl
wwwYoutubecomTonyPearl
Tony Pearl is an entrepreneur copywriter proud father mentor marketing consultant and talented teacher who resides in the Washington DC area He
has traveled to over 26 countries speaks 4 languages and continues to travel extensively He has been a professional Ballroom and Latin dance instructor competitor and exhibitor for over 19 years As a Real Estate Investor Tony has bought and sold over Ten Million dollars worth of real estate and has been educated by and associates with the best
Russ Hiner 404-660-4289RussRHinercom
wwwRHinercom
wwwFacebookcom1RHiner
Russ has been investing in real estate in Atlanta Georgia since 1981 His company currently controls apartment buildings and single-family properties in Georgia and
other states His focus is on raising private capital through Hedge Equity LLC
Russ invests everyday His knowledge and experience is current in the market He is capitalizing on the needs wants and desires of the customer He has a deep level of experience in building relationships with vendors investors tenants sellers and qualified buyers He has the knowledge to negotiate contracts manage rental properties and make his co-investors wealthy He enjoys taking properties which are virtually destroyed renovating them and creating a better community
come accountable Being accountable will lead to success which will give you the confidence to take responsibility for your greatness Confidence is liberating It leads to increased passion for your work With renewed passion 2013 can be your year of commitment and success With renewed energy you can follow your Plan that will lead you to Consis-tency Accountability and SUCCESS
So itrsquos 2013 You have goals
Will you use the same techniques that you did in 2012 Or will you join me and others whom Irsquove worked with in using new tools and renewed energy
What is the action step to begin plan-ning What should you do to help you remain on track
What can you do to make 2013 a differ-ent year for you a year of success
I am looking forward to meeting you and helping you on your way to a suc-cessful 2013
Comment on this article online at httpatlantareiacomp=19035
Achieving Your Goals with PAC cont from p21
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 24
Atlanta Real Estate Investors Alliance bull FEB 2013
How to Quickly Get 10 to 15 Good Rental Properties Paid For Free and Clear By Larry Harbolt
creative Financing is king
Larry Harbolt 727-420-4810LarryHarboltGmailcom
wwwLarryHarboltcom
wwwFacebookcomLarryHarbolt7
wwwTwittercomLarryHarbolt Larry Harbolt is the nationrsquos leading creative Seller Financing expert as well as a popular national real estate speaker and teacher whose time-
tested strategies and nuts and bolts teaching style has helped thousands of aspiring real estate entrepreneurs realize their financial dreams with little or no money and without the need for credit Larry has been successful creatively buying and selling real estate for over 30 years and has written numerous popular articles and real estate courses Larry also has been running a meetup group in St Petersburg FL for real estate investors for over 13 years
We are already in the second month of 2013 and I just had a conversation with one
of my students who wanted to know how to create wealth in the shortest possible pe-riod of time The following is my idea how wealth for any real estate investor can be created in the shortest period of time
Here is an example of how you can quickly achieve financial freedom and then wealth investing in real estate
For instance the first thing you need to do is buy 10 to 15 well selected income pro-ducing properties you are willing to keep long term as your retirement program and the base of your future wealth I personally love the thought of someone else having to go to work every day to earn money they give me in the form of rent each month that pays for my properties without me having to have a job or have to go to work every day Then once you have bought your 10 to 15 keeper rental houses in good neighborhoods with tenants who are pay-ing on time every month letrsquos say $1000 each month of which $520 goes for the monthly loan payment and after monthly expenses of property taxes property insur-ance a maintenance fund and a vacancy fund leaves you from the $1000 gross rent approximately $150 each month to put into your pocket Letrsquos say for each of your keeper rental properties you paid $88000 with very little money down and were able to get seller financing terms for 30 years
Then once you get those 10 to 15 houses free and clear with no debt each month you get to keep the entire $1000 from each house (less taxes and insurance and main-tenance costs) leaving you about $600 to $650 from each house each month Ten houses at $600 each equals $600000 each month paid directly to you to pay your bills Some of you might need 15
houses to achieve your goals If you have 15 houses x $600 net each month will give you $9000 per month income to cover your monthly expenses Once you have that much coming in each month you will have financial freedom but not yet wealth Wealth comes over time Let me show you how to get your properties free and clear in the shortest period of time
Getting Your 10 to 15 Houses Free and Clear In a Short
Period of Time
After you have your base of 10 to 15 houses bought then each year go out and buy an additional 10 to 15 houses The additional 10 to 15 houses you buy each year can be rehabbed and then sold If you were to take all of the profits from the sale of each of the additional 10 to 15 houses (after paying the taxes) and use the money you have left to pay off one or two of the loans on the houses you plan to keep and you did this over and over for a few years your base of rental properties would soon be com-pletely paid for and you would then have enough income coming in each month to be financially free
This is definitely a plausible and possible plan to become financially free in the short-est period of time Once you have done this you will then have more time and money to continue to buy even more houses sim-ply because you will have enough income each month coming in so you donrsquot have to go to a job you hate every day
Once all of your base of income produc-ing properties are completely paid for and are free and clear you will probably truly be a millionaire If you have 15 properties valued at $80000 that are free and clear your net worth will be $80000 X 15 = $1200000 Now you are wealthy
You Must Have a Wealth Building Strategy to Be
Successful
This is how true wealth is created over time People who only wholesale property for a living are not true investors -- they really have a job When a wholesaler buys a property and then passes it on to another person and they get paid a fee that money will be quickly spent and they then have to go out and find another property to whole-sale again so they can get another fee To me thatrsquos a job and I donrsquot want another job I want financial success
If you plan to be a successful real estate in-vestor and create the wealth you want it is going to be very important that you are able to recognize opportunity when it pres-ents itself It took me nearly 25 years to figure this out for myself and that is why I am sharing this information with you now so you can more quickly achieve financial freedom and your eventual wealth
Comment on this article online at httpatlantareiacomp=19032
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
Atlanta Real Estate Investors Alliance bull FEB 2013
Join our Mobile Real Estate Investor VIP ListJust text ATLAnTA to 404-996-1099Standard text message rates apply
Follow us online from your mobile phone at httpAtlantaREIAcom httpFacebookcomAtlantaREIA httpTwittercomAtlantaREIA httpYoutubecomAtlantaREIA httpMeetupcomAtlantaREIA
Want to stay plugged in and connected to Atlanta REIA from
your mobile device
Subscribe to The Profit Newsletter amp Email list at httpSubscribeAtlantaREIAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
For a Limited Time
Wersquore Sharing our Design Firm with our Advertisers
GROW YOUR BUSINESS TODAY placing an ad in The Profit and our design firm River City Consulting will design your ad for FREE Wersquoll also provide you with the digital file to use online and to have printed to use as promotional flyersMinimum 3-month Obligation
When yoursquore ready to get started call Christine Griffin at 678-701-7160 or email adminatlantareiacom
SEE THEIR WORK IN amp ON
AAttllaannttaa RREEIIAA MMeemmbbeerrsshhiipp AApppplliiccaattiioonn Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560
Atlanta REIA Use Only Member ____________ Exp Date ____________ ID Card Printed Sent _________
Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560 rev 1282011
Membership Plans - Choose a Membership Plan
Silver Membership for Individual $100year
Silver Membership for Couple $150year
Gold Membership for Individual $300year
Gold Membership for Couple $300year
Applicant Information - Please print clearly
Applicant 1 Applicant 2
Address
Phone 1 Phone 2
Email 1 Email 2
Sponsor (if applicable)
Payment Information - Please print clearly
Name on Card Total Amount $
Billing Address
Card Type Visa Master Card Discover American Express
Card Number Expiration Date Code
Terms of Sale Disclaimer amp Release The undersigned Applicant(s) hereafter called the Applicant understands and acknowledges that membership in the Atlanta Real Estate Investor Alliance hereafter called Atlanta REIA absolutely does NOT entitle nor make Applicant a legal member of Atlanta REIA LLC the company Applicant acknowledges that Atlanta REIA does not render legal tax economic or investment advice All programs are provided with the understanding that Atlanta REIA is not engaged in rendering legal tax or other professional services If legal tax or other expert assistance is required the services of a competent professional should be sought Atlanta REIA does not investigate its members nor vouch for nor make representation as to the honesty integrity reliability motives andor resources of its members officers directors employees agents and or contractors The Applicant in consideration for hisher acceptance as a member of Atlanta REIA hereby releases discharges and agrees to indemnify Atlanta REIA its officers directors members employees agents andor contractors from any liabilities now accrued or which may hereafter accrue from their actions inactions or communications made by Atlanta REIA andor officers directors members employees agents andor contractors in or through their respective capacities with Atlanta REIA Applicant agrees to comply with the terms and conditions described herein the Code of Ethics and any other terms described on our website at AtlantaREIAcom as well as any other Atlanta REIA rules and regulations Applicant agrees and acknowledges that Atlanta REIA may enforce these codes terms rules and regulations at its sole and absolute discretion and may terminate this membership at any time for any reason whatsoever Applicant grants to Atlanta REIA its representatives and employees the right to take photographs video or audio of Applicant and Applicants property Applicant authorizes Atlanta REIA its assigns and transferees to copyright use and publish the same in print andor electronically Applicant agrees that Atlanta REIA may use such photographs video and audio of Applicant with or without Applicants name and for any lawful purpose including but not limited to publicity illustration advertising and web content Applicant grants permission to Atlanta REIA to contact Applicant regarding membership and related business by phone fax email text message chat programs social networking automated voice broadcast dialers or any other means necessary By completing this application Applicant agrees to give Atlanta REIA permission to bill the credit card above for the membership plan selected above Applicant acknowledges and agrees that the term of membership is one (1) year and that billing for membership will be automatically renewed for one (1) year upon expiration at the then current membership rate and that the appropriate charges be applied to Applicants credit card on file Should Applicant decide to cancel membership a written notice of cancellation must be emailed faxed or sent via postal email to Atlanta REIA at the address email or fax below thirty (30) days prior to the next billing or renewal period Atlanta REIA must acknowledge receipt of this written cancellation notice for it to be valid Membership dues are NON-REFUNDABLE for any reason whatsoever Applicant promises NOT to initiate any refunds or credit card charge backs for these membership dues and related charges at any time Applicant agrees that Atlanta REIA may change the terms of this Agreement or its membership dues at any time by posting such changes to our website at AtlantaREIAcom By continuing membership Applicant agrees to be bound by such changes Applicant will send all written notifications to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 Fax 770-216-1560 Email noticesatlantareiacom With my signature I accept the Terms of Sale Disclaimer amp Release and I authorize Atlanta REIA LLC to charge my credit card for the membership plan above as well as total recurring amount shown I further acknowledge that these membership dues are non-refundable
Applicant 1 (sign) Applicant 2 (sign)
(print) (print)
Date Date
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 27
Atlanta Real Estate Investors Alliance bull FEB 2013
Atlanta REIA Meetings CalendarhttpAtlantaREIAcomMeetings
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
3rd Wednesday of Each MonthLate Nite Networking Buford900 PM ndash Late NiteTilted Kilt 3480 Financial Center Pkwy M1080 Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
3rd Thursday of Each MonthSavannah REIA630 PM ndash 900 PMGallery Espresso234 Bull St Savannah GALeader Aislee Jacksonhttpsavannahreiacom
4th Monday of Each MonthAtlanta REIA West Meeting630 PM ndash 900 PMCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Monday of Each MonthLate Nite Networking Marietta900 PM ndash CloseCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Tuesday of Each MonthNote Buyer Group Meeting630 PM ndash 830 PM Olive Garden 2467 Cobb Parkway SE Smyrna GALeader Tom Boyerhttpnbgatlantareiacom
4th Thursday (Once Per Quarter)Beginning Investors Group Meeting (BIG)630 PM ndash 900 PMChef Robrsquos Caribbean Cafe 5920 Roswell Rd NE A117 Sandy Springs GALeader Alan McDonaldhttpbigatlantareiacom
4th Thursday of Each MonthCash Cows Commercial Group1130 AM ndash 100 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GAhttpcashcowsatlantareiacom
Meets at Various Times Each MonthCash Flow Players Group MeetingTo Be AnnouncedSecrets Factory 2030 Powers Ferry Rd SE 440 Atlanta GALeader Alan McDonaldhttpcashflowatlantareiacom
2nd Wednesday of Each MonthSpanish Investors Networking Group (SING)630 PM ndash 830 PMTaco Depot 4788 Sugarloaf Pkwy 107 Lawrenceville GALeader Michael Vazquezhttpsingatlantareiacom
2nd Wednesday of Each MonthI Love Marketing Group700 PM ndash 900 PMSocial Vinings 3621 Vinings Slope SE Atlanta GALeader Rock Shukoorhttpilmatlantareiacom
2nd Thursday of Each MonthAtlanta REIA South Meeting630 PM ndash 830 PMGiovannarsquos Italian Kitchen 1375 Virginia Ave East Point GALeader Reggie Jackson amp Gordon Cattshttpsouthatlantareiacom
2nd Thursday of Each MonthNorth Georgia REIA700pm - 900pmHilton Garden Inn Cartersville 24 Liberty Drive Cartersville GALeaders Bill amp Kim Cookhttpreioutpostcom
2nd Thursday (Once Per Quarter)Small Business Group (SBG)330 PM ndash 530 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Karen Bershadhttpsbgatlantareiacom
3rd Monday of Each MonthMovers amp Shakers Lunch Meeting1100 AM ndash 130 PM5 Seasons Brewing3655 Old Milton Parkway Alpharetta GALeader Gordon Cattshttpmoversandshakersatlantareiacom
3rd Tuesday of Each MonthGwinnett County Group (The Fish Club)700 PM ndash 900 PMRed Lobster2055 Pleasant Hill Rd Duluth GALeader Aaron McGinnishttpfishclubatlantareiacom
3rd Wednesday of Each MonthAtlanta REIA North Meeting630 PM ndash 830 PM1960 Skylar Hill Dr Suite D Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
February 4th 2013Atlanta REIA Main Meeting530 PM ndash 900 PM Crowne Plaza Ravinia Hotel4355 Ashford Dunwoody Atlanta GA Leader Dustin Griffinhttpmainatlantareiacom
1st Monday of Each MonthLate Nite Networking Dunwoody930 PM ndash Late NiteTilted Kilt 1155-B Mount Vernon Hwy Atlanta GALeader Lee Buddenhttpmainatlantareiacom
1st Monday (Once Per Quarter)Mobile Real Estate Rockstars Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Don DeRosahttprockstarsatlantareiacom
1st Monday (Once Per Quarter) Short Sale amp Foreclosure Group300 PM ndash 530 PMTotal Wine amp More124 Perimeter Center W Atlanta GALeader Bob Masseyhttpssfatlantareiacom
1st Monday (Once Per Quarter)Active Investors Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Gordon Catts
1st Tuesday of Each MonthMountain REIA630 PM ndash 900 PMGolden Corral 2025 Market Place Blvd Cumming GALeader Gordon Cattshttpmountainreiacom
1st Wednesday of Each MonthCreative Deal Structuring Group (CDS)700 PM ndash 900 PMWhitehall Tavern 2391 Peachtree Rd NE Atlanta GALeader Russ Hinerhttpcdsatlantareiacom
Every Thursday (Except Major Holidays)Have amp Wants Meeting130 PM - 330 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Joe Thompsonhttphavesandwantsatlantareiacom
Next Meeting March 28th
Next Game on Sat Feb 9th
Meets Monday Feb 4th
ATLANTA REIA CALENDAR OF EVENTSFEBRUARY 2013
SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
Movers amp Shakers1100am - 130pm
Gwinnett County Group (The Fish Club) 700pm ndash 900pm
I Love Marketing Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pm
Mountain REIA630pm ndash 900pm
Atlanta REIA MAIN MEETING with Bill Cook
530pm ndash 900pmMobile Real Estate Rockstars Group 300-500pm
Creative DealStructuring Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pmAtlanta REIA South Meeting630pm ndash 830pmNorth Georgia REIA700pm - 900pm
NEWSLETTER dESigN PRovidEd by
SNEAK PEEK FOR MARCHMAR 4 ATLANTA REIA MEETING
APR 1 ATLANTA REIA MEETING WITH JAY CONNER
APR 27 FULL DAY WORKSHOP WITH JAY CONNER amp RON LEGRAND
Haves amp Wants Meeting130pm - 330pm
Cash Cows Commercial Group1130am - 100pmHaves amp Wants Meeting130pm - 330pm
Atlanta REIA West Meeting630pm ndash 900pmLate Nite Networking Marietta900 PM ndash Close
Note Buyer Group Meeting 6300pm ndash 830pm
Atlanta REIA North Meeting630pm-830pmLate Nite Networking Buford900pm - Late
Grow Your Wealth With The Financial
Calculator Workshopwith Bill amp Kim Cook
900am - 500pmCartersville GA
Wealth Building Using Self-
Directed IRAswith Dyches Boddiford amp
Pete FortunatoAtlanta GA
- FB
- YT
- MU
- Button 34
- Button 72
wwwTwittercomAtlantaREIAKeep up to date with our latest opportunities by joining us on Twitter
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 10
Atlanta Real Estate Investors Alliance bull FEB 2013
Marketing Magic tricks
By remembering just a few basics you as a Real Estate Investor can quickly determine whether or not
a seller is motivated to sell their prop-erty First of all a motivated seller will ask questions like ldquohow soon can you buy my houserdquo or ldquoHow can you help me get out of this situationrdquo or ldquoHow soon can you get hererdquo An experienced Real Estate Investor knows these are re-ally good questions for a seller to ask
There are two types of houses we are go-ing to buy either pretty houses or ugly houses and there are motivated sellers in both of these categories When you are marketing to sellers there are certain types of sellers who are much more likely to have a house they need to sell
For example I personally like working with out of state owners (folks who own a property where you live but donrsquot live there full time) heirs divorces vacant houses estate and probate properties military transfers and pre-foreclosures These sellers are much more likely to have a house they need to sell ldquoright nowrdquo and thatrsquos the kind of seller you want to work with As a Real Estate In-vestor you may also run into landlords who are fed up with tenants ruining their properties over and over These are all good sources of motivated sellers Most of these sellers are folks who donrsquot live in these properties
Okay so how are you the Real Estate Investor going to identify a motivated
seller First of all donrsquot be afraid to ask questions This is a basic truth in the real estate investing business The more will-ing a seller is to answer whatever ques-tions you ask the more motivated they are Never be afraid to ask ldquoIs that the least you would takerdquo You might be re-ally surprised at the answer to this ques-tion especially if you are dealing with a motivated seller
For example I recently worked with a seller who was asking $205000 for a property in good condition worth $275000 This seller was already mo-tivated but I ended up paying only $180000 for this property simply be-cause she asked if they would accept a lower price So be willing to ask ques-tions and know that the more willing a seller is to answer them the better deal you will make This is going to be very crucial to the success of your real estate investing business and the amount of profit you make on your deals
Another basic truth is that the more equity there is in a property the bet-ter a deal you are likely to make espe-cially if the house needs repairs Usually if there is a lot of equity and the sellers have owned the home for a long time or if they have just inherited it the more likely they are to let you have a large chunk of that equity for your profit
If there is very little equity in the prop-erty you are much less likely to be able to create a good deal unless the property
owner is simply willing to deed you the property for the balance of the mortgage and walk away As a seasoned Real Es-tate Investor I can personally tell you this absolutely happens So donrsquot be afraid to ask the question ldquoAre you will-ing to sell for what you owerdquo If they say yes you are dealing with a motivated seller who is likely to deed you the prop-erty for the balance of their mortgage which not only will lead to a good profit
Pre-Screening Sellers For Your Real Estate Investing Business ndash Part 2By Kathy Kennebrook The Marketing Magic Lady
Domain Names for just
$199
for first year with new non-domain purchase
httpSuperSmartDomainscombull Domain Names
bull Web amp Wordpress Hostingbull Email amp Exchange Accounts
bull SSL Certificatesbull Marketing Toolsbull and much more
Certain terms and conditions do apply See website for details
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 11
Atlanta Real Estate Investors Alliance bull FEB 2013
+ Voicemail+ Virtual Faxing
+ 24-7 Live Operators+ Online Management
Only
$30per month
Be sure to ask for the REIA discount
Or visit us on the web at
QualityAnsweringServicecomAtlantaREIA
877-774-1717
LIVE ANSWERING SERVICE
30MINUTES
Join us for Education amp networking at the Meeting-Before-the-Meeting each monthWe meet at the Total Wine amp More located at 124 Perimeter Center W
in Atlanta at 300pm before our Atlanta REIA Main Meeting
PERIMETER
wwwYouTubecomAtlantaREIA
Keep up to date with our latest videos by subscribing to our
YouTube Channel
for you but you donrsquot have to worry about where the money is coming from to fund your deal
Another truth is that the uglier the house the more motivated the seller is likely to be If you arenrsquot getting your offers accepted on ugly houses that you can quickly wholesale you arenrsquot target-ing the right kind of junker properties Ask any Real Estate Investor who has been in the business for awhile and they will tell you there is a fortune to be made in ugly houses The more difficult it is to find this type of seller the better deal you are going to make
Another situation that arises fairly often in todayrsquos market and creates motivated sellers is a simple one for you to spot If a seller is behind on payments this is definitely going to be a motivated seller If a motivated seller is behind on pay-ments and they have a lot of equity this is an opportunity for you to make a re-ally good deal You as a Real Estate In-vestor just have to learn to use a script to ask the right questions to determine if a seller is motivated and what kind of deal you are going to make with them Itrsquos not magic it just takes a little nego-tiation and a few questions to pre-screen sellers and create some really good deals
Just remember this the seller is either in or they are out donrsquot waste your time chasing dead deals If you follow this simple rule you will make a lot of mon-ey in your real estate investing business
For more information on pre-screening sellers locating motivated sellers and buyers and exit strategies visit Kathy Kennebrookrsquos website at wwwmarket-ingmagicladycom
Comment on this article online at httpatlantareiacomp=19027
Kathy Kennebrook941-792-5390KPaddlerATTnet
wwwMarketingMagicLadycom
wwwFacebookcomKathyKennebrook
Kathy Kennebrook is a speaker author and has been actively investing in real estate since 1999 Kathy currently resides in Bradenton FL and is known as the Marketing
Magic Lady because she is the countryrsquos leading real estate marketing expert on finding motivated sellers using direct mail
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 12
Atlanta Real Estate Investors Alliance bull FEB 2013
housing Second therersquos not much competition Folks wanting to buy a trailer are forced to pay all cash ndash cash they donrsquot have ndash because banks wonrsquot lend on used mobile homes in a park At the same time very few sellers offer owner financing If you buy for cash and then sell on time yoursquore offering a very unique ndash and profitable ndash service Third every month you receive mailbox money that is taxed as portfolio income ndash which means these earnings arenrsquot getting hit with Social Security or Medicare Taxes
There are also a couple of disadvantages First you must remember that park owners are all-powerful Donrsquot do a deal in a park unless you and the park owner have a clear meeting of the minds Second some of the buyers you work with can be pretty interesting Itrsquos shocking how many are 100 healthy but still get monthly disability checks These are your tax dollars at work folks
A few weeks back I partnered with my buddy Houston Long on my most recent Lonnie Deal He is a long-time
friend and fellow investor I put up the deal and the purchase money Houston agreed to be responsible for the rehab marketing and selling After Irsquove been repaid my purchase money we will split all profits 50-50
The trailer is a nice three-bedroom two-bath doublewide in a park in Acworth Georgia The seller was asking $12000 She agreed to our $5500 offer that included the following purchase terms Wersquod give her $3000 cash down if shersquod accept an unsecured note for the $2500 balance with payments of $100 per month at 0 interest for 25 months
A few weeks later Houston sold this home with owner financing for $17500 with the following sale terms $2000 down payments of $250 per month at 14 interest for 114 months
Including our expenses (about $2000) our yield on this deal was 39 When it came time to make our first $100 monthly payment to the seller we offered her $895 cash in exchange for our $2500 note She quickly accepted our offer Shorting our note from $2500
down to $895 lowered our purchase price from $5500 down to $3895 and increased our yield from 39 up to 5038
Over the years Kim and I have done a wide variety of creative deal structures Our favorite ndash and it happens to offer the highest yields ndash is Lonnie Deals
Comment on this article online at httpatlantareiacomp=19069
continued from page 1
Bill Cook 727-420-4810BillCook2009Gmailcom
wwwREIOutpostcom
Bill Cook is a full-time real estate investor speaker and author He specializes in single-family homes and mobile home parks Bill believes
that real estate investing especially the act of buying and holding rental property is the surest way to financial independence and wealth Bill and his wife Kim run North Georgia REIA where
they teach others how to successfully invest in real estate
Place Your Advertisement Here and Get Noticed
Sign up now and get your ad created by our design specialists for FREEThis introductory special is available for a limited time onlyIf you are ready to get started see our Advertising Rates in this issueThen call Christine Griffin at 678-701-7160 or email adminatlantareiacom
Mutiple Sizes Available
Buy a home like this at a (Actual Property Inventory May Vary)
Step-By-Step Real Estate SuccessAs Atlantas First Full Service Wholesaler We Can1 Find you the deal 65 of the after repair value (includes purchase
price and repairs)2 Provide a certified appraisal to validate value3 Finance the purchase price and repairs4 Have access to our in house contractors to complete repairs for you5 Use our selling agents to sell your beautiful renovated home6 Use our leasing agents if you prefer to buy and hold7 We have just taken all risk out of the deal for you
Goldmine PropertiesWhere Integrity amp Character Matter
WHoLESALE REAL ESTATE 65 LTV
Purchase Price amp Repairs are 65 of Certified After Repair Appraisal
Financing Available
SInCE 1996 WE HAVE WHoLESALED oVER 1700 PRoPERTIES
REnTAL PRoPERTIES 12-18 RoI with 35 Equity
THIS IS AS GooD AS IT GETS The most difficult and important aspect ofReal Estate Investing is finding the deal
ldquoTHIS IS OUR SPECIALTYrdquo
MIKE CHERWENKAmcherwenkaaolcom H wwwgoldminepropertiesnet
(Loan to Value)
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 14
Atlanta Real Estate Investors Alliance bull FEB 2013
PRAdO
Join us at the
Haves amp Wants MeetingEvery Thursday at 130pm 5 Seasons Brewing located at
5600 Roswell Rd in Sandy Springs at the Prado
Short Sales Are SailingBy Kimberlee Frank
Many Investors and Realtors avoid short sales like the plague They are definitely
missing the boat My business special-izes primarily in short sales and I have seen an increase in the number of ap-provals we are getting The time line for a short sale varies from 90 to 120 days if you submit the lender a ldquocompleterdquo short sale package Since short sales are dominating the market the Lenders are creating more streamlined processes to conduct smoother short sales If you do short sales then I am quite sure you have heard of the online system called ldquoEqua-torrdquo Equator allows all of the short sale paperwork to be processed electronically through one common venue versus tra-ditional and random faxes and emails Having a file processed online avoids the common objection from the short sale lender of ldquoWe didnrsquot receive the docu-mentsrdquo Effective January 1 2013 the newest lender that has started to use Equator is Chase The following lenders and servicers are presently using Equa-tor 1) Bank of America 2) Chase 3) Wells Fargo 4) GMAC 5) Nationstar 6) ASC 7) Carrington Mortgage and 8) Homeward Residential Services
The Equator System assigns applicable tasks to each party (Agent Negotiator Closer etc) including a deadline in which to complete each task I like the fact that the lenders can no longer say ldquoOh we never got that paperworkrdquo However I
donrsquot like the fact that they are tracking our information Nationstar has taken the collection of Buyerrsquos information to a whole new level They require all Buyers to fill out a loan application even though they most likely will not be using Nation-star as a lender This application has been mandatory and this has not been waived on any of my files If you are a Buyer on any property you are required to provide your name address telephone number DOB SS assets employment history and more This is regardless if you are purchasing for investment or personal use and if you are getting a mortgage or pay-ing cash
I believe that the lenders are collecting data against all Buyers and will soon share with each other how many deals each Buyer has purchased I had one student inform me that once he purchased over 10 properties from Bank of America he was no longer allowed to purchase any more in his name his wifersquos name or company name Therefore in the future when all lenders work as a team they will share all of this information and limit the amount of deals that an Investor can purchase Wells Fargo started using a system called Core-Logic approximately 2 years ago which al-lows them to simultaneously check to see who was applying for a mortgage at the same time they were conducting a short sale This caused Investors a hardship
even though they fully disclosed to Wells Fargo their intention to buy resell andor fix the property if they used my paper-work Many short sales were not approved at that time and many Investors had no idea WHY Some of the lenders frown on the fact that Investors are purchasing the property and would rather sell the house to a homeowner
You would think that the lenders since they are funded by Investors would un-derstand how we Investors work We donrsquot buy properties at full value as we are not going to live in the home This is a business and we canrsquot make the Sellerrsquos problem our problem by paying full value It is the Investors like us that are helping the lenders get money and not go under
Now is the time to purchase short sales and if you havenrsquot started you have 10 years to ride the wave so do it now Align yourself with a good Mentor and take flight just like many Investors around the world
Happy Sailing
Comment on this article online at httpatlantareiacomp=19030
Foreclosures gone WilD
Kimberlee Frank 407-888-3255KimberleeForeclosuresGoneWildcom
wwwForeclosuresGoneWildcom
wwwFacebookcomForeclosuresGoneWild
wwwLinkedincominKimberleeFrank
wwwTwittercomKimberleeFrank
Kimberlee Frank is a Master Negotiator who has closed over 600 deals since 1998 She is a Mentor Trainer Author and Real Estate Broker teaching Investors
and Realtors how to creatively purchase and sell short sales with her Step-by-Step System She has helped Investors and Realtors earn hundreds of thousands of dollars
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 15
Atlanta Real Estate Investors Alliance bull FEB 2013
Karen Bershad(770) 356-1234KarenSmallBusinessAdvisorbiz
wwwSmallBusinessAdvisorbiz
Karen Bershad is ldquoThe Small Business Advisorrdquo Most small business owners have a challenge handling all the different areas of
running a business The accounting can be a challenge particularly if the software seems overwhelming The Small Business Advisor is what you may need to get you to the next level of your business We work at your office or provide off site assistance in getting things under control by providing a wide variety of services that are specifically for the small business
How Do I Handle a Refundable Security Deposit in QuickBooksBy Karen Bershad The Small Business Advisor
It is the goal of this column to an-swer questions about QuickBooks and how it is used in the REI arena
Know how to record transactions in the proper way and have your set of books in good shape when it comes time for taxes It is our intention to do this by you the members submitting questions to Karensmallbusinessadvisorbiz and getting answers here in this column
Q I am having difficulty reconciling my bank account I have reviewed each entry and have found that several of my deposits do not match the amount the bank has for them How do I see all my detail on each deposit without click-ing on each one to open it
A Go to Reports ndash Banking ndash and look for a report called ldquoDeposit Detailrdquo It will give you line-by-line detail of your deposits in one report and you can com-pare that to what you have in the bank If you make copies of the checks for each deposit and put it with your deposit ticket on each one that will give you a paper back up of what you actually gave the bank This way if the bank made the error then you have details of what you produced to the bank
Q Why do I need to create sub accounts in my chart of accounts
A The Chart of Accounts is the main driver of the program If you have you accounts set up properly your reports ndash Income Statement and Balance Sheet ndash will be reflected properly You may want sub accounts for some of your ex-penses in particular to be able to see where certain money is being spent For instance ndash if you make sub accounts for Auto Expenses ndash Fuel Repairs amp Maint Tags Tolls amp Parking Insurance etc ndash you then can see that the total amount spent in that areas was not just Fuel which is expensive but you had a major repair done and therefore your compari-son to last year for the same time makes more sense
Q I received a ldquoRefundable Security Depos-itrdquo from my tenant How do I enter this into QuickBooks
A This is a Liability account that you will need to payout at some later date In your chart of accounts you should have a Liability account set up for Security De-posits Escrow ndash or some name that sets it apart from security deposits you paid that are owed back to you (which is an Asset) In the deposit window instead of showing this as income you should go to this special Liability account and book
it to that account When it is time to pay the tenant the money back less any damages if need be you will write the check out and expense it also to this Li-ability account to clear the money from the account
Comment on this article online at httpatlantareiacomp=19023
the QuickBooks Quickie
When yoursquore ready to get started see our Advertising Rates in this issue and then call Christine Griffin at 678-701-7160 or email adminatlantareiacom
httpatlantareiacomthe-profitadvertising-rates
If yoursquore looking to reach the Real Estate Industry here in the Greater Atlanta Metro Area and throughout Georgia you canrsquot do better than The PROFIT Your ad will reach more than 10000 each month with your message Our production teams are among some of the best designers in the country We make you look GOOD
Advertise Your Business in The Profit
American IRA Wants to be a Value Added Service to You or Your Business
Contact our office for any self-directed IRA questions you have or for a free consultation
1-866-7500-IRA(472) or infoamericaniracom
P We do business the old fashioned way At American IRA we pick up the phone
P We offer personalized service catered to each of our clientsrsquo needs
P We provide educational articles live webinars and many other resources
P We have experienced IRA instructors who are available for speaking engagements
P We provide joint webinars which allows you to high-light your services
P We provide free copies of your webinar in CDDVD format for you to promote your services
P We have a resource page on our website to list your services on (certain restrictions apply)
P We are experienced in investinghellip we understand your investment language
wwwAmericanIRAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 17
Atlanta Real Estate Investors Alliance bull FEB 2013
Business By the Book
Greed In Business = Trouble In The Family By Erven Kimble
The relentless drive to acquire the elusive ldquoAmerican Dreamrdquo is what fuels many business profes-
sionals To many in pursuit of the worldrsquos definition of success means ldquogetting more and morerdquo ldquoclimbing the corporate ladder at all costrdquo or perhaps it means ldquothe end justifies the means no matter whatrdquo This kind of ill-advised pursuit requires that a person disconnect other areas of life that makes significant demands on their time and attention One way to separate these distractions is to departmentalize them
Highly motivated entrepreneur and busi-ness professionals often compartmentalize their professional interests from the rest of their personal lives Many ldquogo-gettersrdquo tend to divide their lives into these differ-ent compartments and make decisions as if they are not interconnected For many their thoughts about church religion matters concerning God and the Bible or even their family have little or nothing to do with their day-to-day business decisions and activities that are required to be suc-cessful They rationalize that these differ-ent compartments neatly and separately co-exist For instance one might
bull Define things as being secular versus spiritual
bull Make clear distinctions between that which is personal as opposed to the professional matters
bull Or draw a big distinction between their family life and their business life
The truth of the matter is that God does not view our lives as being compartmen-talized A Biblical view sees the secular as spiritual and our professional and personal lives co-existing in the same space The
actions and the decisions that we make at the office effects what happens at home Whether a person realizes it or not deci-sions and practices in the work place have a direct impact on what happens back on the home front
The relentless drive to get more and more in the workplace is called ldquoGreedrdquo Greed is flaw that ultimately brings distrust and dishonor to all those involved A person in pursuit of unmerited gain is a continuous source of grief for themselves as well as their families Greed and covetousness leads men and women to habitually want more than their share As a results the progres-sive overflow of greed leads to bribes and the kickbacks Bribes and kickbacks are a perversion of justice a misrepresentation that ultimately breeds distrust and dishon-or to all those that are involved including all family members who bear their name
Those who refuse to be involved in these ungodly practices
will find longevity and prosperity
There is energizing freedom and great gratification in honesty that translates into the idea of establishing a legacy Business-men and businesswomen that strive to operate an honest business not only live well themselves they also leave a proud heritage to their children Conversely the foolish and fraudulent leave an inheritance of misery
ldquoThe good people who live honest lives will be a blessing to their childrenrdquo (Pr 207)(NCV)
A familyrsquos religious passion will produce the familyrsquos long-term qualities In other
words the children of ethical parents are the recipients of the divine favor of God The family traits model behavior that is mimicked by the children and ultimately the advantages or the hazards are experi-enced by the next generation When there are models of godly parents who live out their Christian beliefs the children are challenged to become wise themselves
Thoughts to Ponder
I Have you ever considered your business decisions would directly impact your family
II What legacy are you preparing to leave your children or family
III Have you considered the long term generational effect of your business practices
Comment on this article online at httpatlantareiacomp=19001
God does not view our lives as being compartmentalized
ldquoGreedy people bring trouble to their families but the person who canrsquot be paid to do wrong will liverdquo (Pr 1527)(NCV)
Erven Kimble 404-606-8909ElegantHomesLLCYahoocom
wwwPeopleWhoBuyHousescom
wwwFacebookcomEAKimble Erven Kimble is an accomplished pastor teacher author community leader licensed Christian Counselor and Real Estate entrepreneur Erven is a visionary that has faithfully
served as the Senior Pastor of a local church in Lilburn Georgia for twenty years
The author searched the Book of Proverbs and Psalms and extracted wisdom that reference business and finances to produce the series of articles called Business By The Book The purpose of these articles is to present time tested and proven Biblical principles in a way that is practical relevant and beneficial to the average business person
HOME INSPECTION
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major systems InspectIon$60 per Home amp one page summary report
Great for Rehabs
Investor major systems InspectIon25 of your Fees are credited toward
A Full Home Inspection
Investor InspectIon prIcIng on FUll InspectIons
bull 1st Home regular pricebull each Inspection accrues an additional
5 discount on Inspections 2ndash5bull Inspections 6 and beyond are 25 OFF
REI SPECIALS
bull FRee 90-day Home warranty wItH every complete Home InspectIon
bull FRee recall cHeck on applIcances and mecHanIcal components oF tHe Home wItH FRee Updates For lIFe
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bull reportsprInteDon-sItewIthIntheQUoted tIme - GuARAnteeD
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bull 247 onlIne scHedUlIng and docUment sIgnIng
bull FRee repaIrs re-InspectIon and InspectIon Update
bull FRee consUltIng For lIFe vIa pHone emaIl and skype
bull BOnDeD amp InsuReD wItH errors and omIssIons InsUrance
Visit wwwPetesFriendlyHomeInspectioncom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 19
Atlanta Real Estate Investors Alliance bull FEB 2013
Caution Landlords Accepting Money After Filing An Eviction Impacts Your RightsBy Attorney Jon David W Huffman
Landlords often have mixed emo-tions when their tenants call and offer them money after a dispos-
sessory warrant (an eviction) has been filed On one hand landlords are in the business of collecting rent However they worry how it may affect moving forward with the eviction Accepting a payment after an eviction is filed does af-fect your rights
Residential Landlords
A residential landlord has a duty to ac-cept a payment from a tenant who is in default if and only if the tenant tenders ldquoall rents allegedly owed plus the cost of the [eviction]rdquo1 However the tenant can-not wait until the last moment to do this They must tender the full payment within seven days of the day they were served the eviction paperwork2 There is no need to worry about a tenant doing this perpetu-ally because a landlord is only obligated to accept this type of payment once per year3 Making this payment provides a complete defense to the eviction and upon receipt a landlord should dismiss the eviction
If a residential tenant offers a partial pay-ment however BEWARE A residential landlord who accepts a partial payment from a tenant after an eviction has been filed waives his right to continue with the eviction and admits the continuance of the lease4 In simple terms the eviction fails and the landlord must start the eviction process over if he wishes to evict the ten-
ant It does not matter when the partial payment is made ndash whether one hour after the eviction is filed or five minutes before the eviction trial Thus the landlord must either reject the partial payment or if ac-cepted he must restart the eviction process
Commercial Landlords
Perhaps unsurprisingly the law on ldquonon-residentialrdquo or commercial leases allows more freedom to contract
A commercial tenantrsquos right to tender past due rent and the dispossessory fee can be contractually waived5 Indeed in many commercial real estate leases this right is waived All commercial landlords should have an attorney review their lease to en-sure that they have the right to regain possession of their property upon default without giving a tenant the right to pay the past due rent and dispossessory fees
Following the freedom-to-contract prin-ciple a commercial landlord can accept a partial payment without waiving his rights to evict Under OCGA sect 44-7-52(c) a commercial landlord is free to take a par-tial payment and continue the eviction process unhindered Of course any money received would offset the landlordrsquos dam-ages So commercial landlords cash that check and keep on going
Disclaimer The information contained in this article is for informational purposes only and is not legal advice or a substitute for legal counsel
It does not constitute advertising or solicitation The information in this article may or may not reflect the most current legal developments ac-cordingly this article is not guaranteed to be complete and should not be considered an indi-cation of future results
Comment on this article online at httpatlantareiacomp=19013
1 OCGA sect 44-7-52(a)2 Id 3 Id4 Gay v American Oil Co 115 Ga App 18 153 S E 2d 612 (1967)2 Id3 Id4 Gay v American Oil Co 115 Ga App 18 153 S E 2d 612 (1967)5 Hardwick v 3379 Peachtree 184 Ga App 822 824 363 SE2d 31 (1987)
real estate legal report
Jon David Huffman 404-373-4008 x 304JonDavidPooleLawGroupcom
wwwPooleLawGroupcom
wwwJonDavidHuffmancom
Jon David Huffman is a litigation attorney specializing in real estate disputes business disputes and commercial collections With
more than a decade of experience managing small businesses before attending Emory Law School he brings a business ownerrsquos perspective to the practice of law
wwwMeetUpcomAtlantaREIA
Join us on Meetup and RSVP for the meetings you will be attending
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 20
Atlanta Real Estate Investors Alliance bull FEB 2013
With each New Year comes new ventures More and more often investors have
to expand their investment territories in order to stay active As technology con-tinues to make the world a smaller place many investors are also looking at invest-ing in different states and some in differ-ent countries By doing this the amount of inventory increases dramatically if you make the right contacts At the same time if you work with investors that are open in investing out of state or in different coun-tries you have the ability to sell more
With all this said it is not always as easy as it may sound whether you are the buyer or seller As the buyer you need to make a trip to the new area you are looking to invest in The reason to do this is obviously to learn the market but secondly to make a few key contacts in the area The main contacts you need to make are a few wholesalers real estate agents contractors a title company and property management if you are look-ing for rentals Not only will these contacts help you in their area of specialty but they can also be go-to people for a second opinion on any potential deals In order for this to be a win-win situation you want to use these contactsrsquo services For example if you ask a contractor to verify repair cost on a home you should use himher for that project
The suggestions mentioned above also ap-ply to those looking to sell properties out-side their local area of expertise If you are teaming up with a local in a new area make sure you are working with someone that can answer questions experienced investors will need answered Keep in mind that just because someone tells you a property is a good deal to invest in does not mean it is
You may be marketing a property that you would normally not market Even worse you may end up selling a property that you would not have sold if you knew the market better Investors will typically follow you into another statecountry if you have been part of their success in their local market Investors should do their own due diligence but you should do your own before even marketing that deal otherwise you will lose credibility You may not only lose credibil-ity in the new market but also in your local market You can also lose money that you have out for a due diligence period andor earnest money if you discover that you con-tracted a dud Remember the importance of closing once you have a contract in place
Before venturing into a new market make sure you at least make the contacts men-tioned above Let them know your inten-tions of investing andor selling in their area soon but are currently familiarizing yourself with the market This will prevent them from thinking of you as just another window shopper Remember that if you create a win-win-win situation your success will continue to grow
Comment on this article online at httpatlantareiacomp=19041
FroM contract to closing
New TerritoriesBy Michael Vazquez
Michael Vazquez 678-951-9222MichaelPVazquezGmailcom
Michael Vazquez has been offering properties to real estate investors significantly below market value since 2006 in both Texas and Georgia
Michael is always looking to for more investors to work with
Solutions that help you Make More
Work LessUse your iPad iPhone or other mobile device anywhere tohellip
H Find comps and rental rates
H Sign and send contractsH Plan your entire rehabH and so much more
Check it out noW5 Day Trial for only $1
Make More Work LessGo To
MobileRealEstateRockstarcomAtlanta-REIA
Keep up to date with our latest opportunities by joining us on Twitter at wwwTwittercomAtlantaREIA
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 21
Atlanta Real Estate Investors Alliance bull FEB 2013
Every New Yearrsquos Day people consider what they want to ac-complish in the following year
Well we are now 30 days into 2013 and I am sure that you have reflected on 2012 What resolutions did you follow to success What results have you seen from last yearrsquos work
At the beginning of 2013 I reflected on what I considered success Like many of you I realized that I want to improve my monetary financial relationship and problem-solving skills because these lead us to success What is success in 2013 ACHIEVING MORE OF YOUR GOALS
We all know that success in our busi-ness means learning new tricks tips and techniques We must accumulate knowledge and power We must achieve a superior capacity to think and act effectively through presentations best practices and strong strategies We must have a highly competitive advantage a platinum value But how do we strengthen the skills that we MUST have
The ONLY way to achieve this is through what I call PAC Planning Accountability and Consistency
Planning
Planning means success Planning means that you will be prepared to react logically You will be able to carefully consider the market environment re-lationships and finances Planning sets you up for control of your own success
Because Irsquove been in this business for so long one of the many things I can tell you is an easy way to plan-- measure what you are doing Here is how
bull Graph your numbers once a week
bull Reflect on your graphmdashAre your ef-forts showing success
- If not change your strategy
- If so reflect on what you have done and decide how to do it even better
For example wanting to earn $200000 a year is my goaldesired outcome To do this I will work backwards from the goal to the actual steps and processes needed to allow me to achieve the goals These steps are the action plan
ONLY when we know our goals can we outline the steps to get there Only then can
we follow the steps and make adjustments
Accountability and Consistency
Do you make time for your success or do you need support to be consistently accountable to your goals your plan and yourself
This is where I come in I can coach you with your plan accountability and con-sistency PAC
Irsquod like to share some of my action steps for 2013mdashthese are examples of action steps that as your coach I can help you to create plan and execute As your coach I can help you increase your ex-pertise with goals like these by helping you to use the PAC principles
1 Increase my profitability by using my resources effectively and ef-ficiently Example Limit events tasks and time with people which donrsquot align with my goals or which canrsquot be satisfied
2 Create systems situations and op-portunities to meet and present to qualified customers Goal Meet new customers 20 of the time
3 Focus 100 on my emotional physical and mental focus What can I do
4 Debrief after events to increase my expertise
Consistent effort energy time use of resources and learning will allow me to achieve my goals It will help you toomdashif you apply PAC
With PAC and my assistance you can eliminate sabotaging behaviors and be-
hoW to Be a real estate investor
2013 A Year of Achieving Your Goals with PAC By Russ Hiner
Join us for
LATE nITE nETWoRKInGat the Meeting-After-the-MeetingWe meet at the Tilted Kilt Perimeter located 1155-B Mount Vernon Highway in Atlanta right after our Atlanta REIA Main Meeting
PERIMETERcontinued on page 23
Attend Russrsquos Creative Deal Structuring on Feb 9th at 7PM
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 22
Atlanta Real Estate Investors Alliance bull FEB 2013
Welcome back If you read Part One of this article you know that we covered the
other different types of popular real es-tate deals that most people do and the biggest problems with them these days Then we talked about how advantageous it is to do the new type of deals Whole-saling Pretty Houses
But we still have a few important things to cover so letrsquos pick up where we left offhellip
Once you agree on the deal amp terms with the seller you get all the paperwork signed amp closed at either a title compa-ny or attorneyrsquos office No exceptions Yoursquoll want that legal backup in case the seller conveniently forgets what they agreed to later
So now yoursquove got a deal under contract amp all the paperwork signed What now Simple You get it lsquosoldrsquo as an oppor-tunity to a tenant buyer who 1 Has a decent chunk of money to put down (typically $5000+minimum) and 2 Can afford the existing monthly mort-gage payments
For example letrsquos say you have a house worth $250000 The seller owes $260000 with monthly PITI payments of $1550 amp theyrsquore current The house needs little to no repair amp is in a great neighborhood where people want to live The seller just wants to walk amp realizes
that there is NO money to be made on this deal obviously
So at a glance it looks like this
ARV $250kOWE $260k PAYMENT $1550 PITI
currentREPAIRS $0ASKING $0 Just wants out (for what-
ever reason eg job x-ferloss divorce etc)
So you SELL the house on a Lease Purchase (aka lsquoRent to Ownrsquo) to a tenant buyer who falls in love with the house has at least $5000 to put down as Non-Refundable Option Consideration and can easily af-ford the $1550 monthly payments (plus utilities HOA etc obviously)
You arrange the closing at the title compa-nyattorneyrsquos office (have the tenant buyer pay their fee) and collect your check
hellipAND YOUrsquoRE DONE You are OUT of the deal from this
point forward
So what just happened And why would you WANT to be OUT of the deal after that
Good question Letrsquos recap shall we
You found amp negotiated a deal on a house with little to no equity that no one else would touch You solved the sellerrsquos prob-
lem amp they love you for it You then went amp found a tenant buyer who couldnrsquot buy a house now if their life depended on it (in most cases) and gave them an honest op-portunity to eventually buy this beautiful house in a beautiful neighborhoodhellip even if their credit is terrible
(NOTE The worse their credit is the more you should collect as a downpay-ment )
After that the tenant-buyer should just make the monthly mortgage pay-ments as rent There are a few options on how they can do this 1 Pay directly to the seller 2 Pay directly to the mortgage company 3 Pay to a 3rd-party paymentescrow company I highly suggest doing the 3rd so everyone can be sure the pay-ments are made on time There are several companies that will provide this service for you for a nominal fee ranging from $5 to $50mo Check around for more informa-tion on that
So herersquos the next big question WHY would YOU as the investor want to be DONE with the deal after that Why wouldnrsquot you want to get the deed or stay in the deal
Herersquos the answer You WOULD want to stay in the deal (and maybe get the deed)hellip IF
IF the seller has equity IF the house is go-ing UP in value Or IF the mortgage pay-
The Best Deals To Do in Real Estate in 2013 amp Beyond ndash Part 2By Tony Pearl
pearls oF WisDoM
NGaREIANorth GeorGia reia MoNthly MeetiNG
2nd Thursday of Each Month at 700 PMat the Hilton Garden Inn
Cartersville GA
See httpREIOutpostcom for more information
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 23
Atlanta Real Estate Investors Alliance bull FEB 2013
ments are LOW and the rent is HIGH Those are some great examples of why you WOULD want to remain in the deal
But IF the opposite is true you should simply collect your down payment from the seller amp assign that deal that you just lined up Wait a minute Assign the deal WHO would you assign the deal to
Irsquom smiling as I write this and hopefully you will too as you realize the obvious
You ASSIGN the deal right back to the SELLER of the house Does that make sense
When the house goes back up in value amp the tenant buyer is ready to buy guess what
Theyrsquoll buy directly from the seller And you explain all that to everyone involved in the deal
This Type Of Deal Is Tremendously Advantageous
To You When
bull Houses in that area are still declining in value
bull If the seller simply owes too much
bull Or if you just want an easy-in easy-out type of simple deal to do that still quickly puts thousands of dol-lars in your pocket without any risk or rehab
In the example above you got a check for (at least) $5000 pretty quickly and you donrsquot have to deal with the tenant-buyer or the seller ever again if you donrsquot want to In Out Paid Done Simple
Of course there are some important de-tails in the middle that you should learn If these types of deals make sense to you and you would like to learn more either ask your local REIA leader to get more information for you or drop me a line Irsquod love to help
So there you have it I believe that wholesaling pretty houses is one of the best types of deals you can be doing in 2013 amp beyond Itrsquos quick amp easy and there are plenty of deals like that out there now Best of all therersquos VERY little competition to do this For now
Hopefully your competition wonrsquot read this article
Until Next Time
Tony Pearl
Comment on this article online at httpatlantareiacomp=19037
Tony Pearl202-556-0670TonyTonyPearlcom
wwwTonyPearlcom
wwwFacebookcomTonyPearl
wwwTwittercomTheTonyPearl
wwwYoutubecomTonyPearl
Tony Pearl is an entrepreneur copywriter proud father mentor marketing consultant and talented teacher who resides in the Washington DC area He
has traveled to over 26 countries speaks 4 languages and continues to travel extensively He has been a professional Ballroom and Latin dance instructor competitor and exhibitor for over 19 years As a Real Estate Investor Tony has bought and sold over Ten Million dollars worth of real estate and has been educated by and associates with the best
Russ Hiner 404-660-4289RussRHinercom
wwwRHinercom
wwwFacebookcom1RHiner
Russ has been investing in real estate in Atlanta Georgia since 1981 His company currently controls apartment buildings and single-family properties in Georgia and
other states His focus is on raising private capital through Hedge Equity LLC
Russ invests everyday His knowledge and experience is current in the market He is capitalizing on the needs wants and desires of the customer He has a deep level of experience in building relationships with vendors investors tenants sellers and qualified buyers He has the knowledge to negotiate contracts manage rental properties and make his co-investors wealthy He enjoys taking properties which are virtually destroyed renovating them and creating a better community
come accountable Being accountable will lead to success which will give you the confidence to take responsibility for your greatness Confidence is liberating It leads to increased passion for your work With renewed passion 2013 can be your year of commitment and success With renewed energy you can follow your Plan that will lead you to Consis-tency Accountability and SUCCESS
So itrsquos 2013 You have goals
Will you use the same techniques that you did in 2012 Or will you join me and others whom Irsquove worked with in using new tools and renewed energy
What is the action step to begin plan-ning What should you do to help you remain on track
What can you do to make 2013 a differ-ent year for you a year of success
I am looking forward to meeting you and helping you on your way to a suc-cessful 2013
Comment on this article online at httpatlantareiacomp=19035
Achieving Your Goals with PAC cont from p21
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 24
Atlanta Real Estate Investors Alliance bull FEB 2013
How to Quickly Get 10 to 15 Good Rental Properties Paid For Free and Clear By Larry Harbolt
creative Financing is king
Larry Harbolt 727-420-4810LarryHarboltGmailcom
wwwLarryHarboltcom
wwwFacebookcomLarryHarbolt7
wwwTwittercomLarryHarbolt Larry Harbolt is the nationrsquos leading creative Seller Financing expert as well as a popular national real estate speaker and teacher whose time-
tested strategies and nuts and bolts teaching style has helped thousands of aspiring real estate entrepreneurs realize their financial dreams with little or no money and without the need for credit Larry has been successful creatively buying and selling real estate for over 30 years and has written numerous popular articles and real estate courses Larry also has been running a meetup group in St Petersburg FL for real estate investors for over 13 years
We are already in the second month of 2013 and I just had a conversation with one
of my students who wanted to know how to create wealth in the shortest possible pe-riod of time The following is my idea how wealth for any real estate investor can be created in the shortest period of time
Here is an example of how you can quickly achieve financial freedom and then wealth investing in real estate
For instance the first thing you need to do is buy 10 to 15 well selected income pro-ducing properties you are willing to keep long term as your retirement program and the base of your future wealth I personally love the thought of someone else having to go to work every day to earn money they give me in the form of rent each month that pays for my properties without me having to have a job or have to go to work every day Then once you have bought your 10 to 15 keeper rental houses in good neighborhoods with tenants who are pay-ing on time every month letrsquos say $1000 each month of which $520 goes for the monthly loan payment and after monthly expenses of property taxes property insur-ance a maintenance fund and a vacancy fund leaves you from the $1000 gross rent approximately $150 each month to put into your pocket Letrsquos say for each of your keeper rental properties you paid $88000 with very little money down and were able to get seller financing terms for 30 years
Then once you get those 10 to 15 houses free and clear with no debt each month you get to keep the entire $1000 from each house (less taxes and insurance and main-tenance costs) leaving you about $600 to $650 from each house each month Ten houses at $600 each equals $600000 each month paid directly to you to pay your bills Some of you might need 15
houses to achieve your goals If you have 15 houses x $600 net each month will give you $9000 per month income to cover your monthly expenses Once you have that much coming in each month you will have financial freedom but not yet wealth Wealth comes over time Let me show you how to get your properties free and clear in the shortest period of time
Getting Your 10 to 15 Houses Free and Clear In a Short
Period of Time
After you have your base of 10 to 15 houses bought then each year go out and buy an additional 10 to 15 houses The additional 10 to 15 houses you buy each year can be rehabbed and then sold If you were to take all of the profits from the sale of each of the additional 10 to 15 houses (after paying the taxes) and use the money you have left to pay off one or two of the loans on the houses you plan to keep and you did this over and over for a few years your base of rental properties would soon be com-pletely paid for and you would then have enough income coming in each month to be financially free
This is definitely a plausible and possible plan to become financially free in the short-est period of time Once you have done this you will then have more time and money to continue to buy even more houses sim-ply because you will have enough income each month coming in so you donrsquot have to go to a job you hate every day
Once all of your base of income produc-ing properties are completely paid for and are free and clear you will probably truly be a millionaire If you have 15 properties valued at $80000 that are free and clear your net worth will be $80000 X 15 = $1200000 Now you are wealthy
You Must Have a Wealth Building Strategy to Be
Successful
This is how true wealth is created over time People who only wholesale property for a living are not true investors -- they really have a job When a wholesaler buys a property and then passes it on to another person and they get paid a fee that money will be quickly spent and they then have to go out and find another property to whole-sale again so they can get another fee To me thatrsquos a job and I donrsquot want another job I want financial success
If you plan to be a successful real estate in-vestor and create the wealth you want it is going to be very important that you are able to recognize opportunity when it pres-ents itself It took me nearly 25 years to figure this out for myself and that is why I am sharing this information with you now so you can more quickly achieve financial freedom and your eventual wealth
Comment on this article online at httpatlantareiacomp=19032
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
Atlanta Real Estate Investors Alliance bull FEB 2013
Join our Mobile Real Estate Investor VIP ListJust text ATLAnTA to 404-996-1099Standard text message rates apply
Follow us online from your mobile phone at httpAtlantaREIAcom httpFacebookcomAtlantaREIA httpTwittercomAtlantaREIA httpYoutubecomAtlantaREIA httpMeetupcomAtlantaREIA
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your mobile device
Subscribe to The Profit Newsletter amp Email list at httpSubscribeAtlantaREIAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
For a Limited Time
Wersquore Sharing our Design Firm with our Advertisers
GROW YOUR BUSINESS TODAY placing an ad in The Profit and our design firm River City Consulting will design your ad for FREE Wersquoll also provide you with the digital file to use online and to have printed to use as promotional flyersMinimum 3-month Obligation
When yoursquore ready to get started call Christine Griffin at 678-701-7160 or email adminatlantareiacom
SEE THEIR WORK IN amp ON
AAttllaannttaa RREEIIAA MMeemmbbeerrsshhiipp AApppplliiccaattiioonn Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560
Atlanta REIA Use Only Member ____________ Exp Date ____________ ID Card Printed Sent _________
Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560 rev 1282011
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Terms of Sale Disclaimer amp Release The undersigned Applicant(s) hereafter called the Applicant understands and acknowledges that membership in the Atlanta Real Estate Investor Alliance hereafter called Atlanta REIA absolutely does NOT entitle nor make Applicant a legal member of Atlanta REIA LLC the company Applicant acknowledges that Atlanta REIA does not render legal tax economic or investment advice All programs are provided with the understanding that Atlanta REIA is not engaged in rendering legal tax or other professional services If legal tax or other expert assistance is required the services of a competent professional should be sought Atlanta REIA does not investigate its members nor vouch for nor make representation as to the honesty integrity reliability motives andor resources of its members officers directors employees agents and or contractors The Applicant in consideration for hisher acceptance as a member of Atlanta REIA hereby releases discharges and agrees to indemnify Atlanta REIA its officers directors members employees agents andor contractors from any liabilities now accrued or which may hereafter accrue from their actions inactions or communications made by Atlanta REIA andor officers directors members employees agents andor contractors in or through their respective capacities with Atlanta REIA Applicant agrees to comply with the terms and conditions described herein the Code of Ethics and any other terms described on our website at AtlantaREIAcom as well as any other Atlanta REIA rules and regulations Applicant agrees and acknowledges that Atlanta REIA may enforce these codes terms rules and regulations at its sole and absolute discretion and may terminate this membership at any time for any reason whatsoever Applicant grants to Atlanta REIA its representatives and employees the right to take photographs video or audio of Applicant and Applicants property Applicant authorizes Atlanta REIA its assigns and transferees to copyright use and publish the same in print andor electronically Applicant agrees that Atlanta REIA may use such photographs video and audio of Applicant with or without Applicants name and for any lawful purpose including but not limited to publicity illustration advertising and web content Applicant grants permission to Atlanta REIA to contact Applicant regarding membership and related business by phone fax email text message chat programs social networking automated voice broadcast dialers or any other means necessary By completing this application Applicant agrees to give Atlanta REIA permission to bill the credit card above for the membership plan selected above Applicant acknowledges and agrees that the term of membership is one (1) year and that billing for membership will be automatically renewed for one (1) year upon expiration at the then current membership rate and that the appropriate charges be applied to Applicants credit card on file Should Applicant decide to cancel membership a written notice of cancellation must be emailed faxed or sent via postal email to Atlanta REIA at the address email or fax below thirty (30) days prior to the next billing or renewal period Atlanta REIA must acknowledge receipt of this written cancellation notice for it to be valid Membership dues are NON-REFUNDABLE for any reason whatsoever Applicant promises NOT to initiate any refunds or credit card charge backs for these membership dues and related charges at any time Applicant agrees that Atlanta REIA may change the terms of this Agreement or its membership dues at any time by posting such changes to our website at AtlantaREIAcom By continuing membership Applicant agrees to be bound by such changes Applicant will send all written notifications to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 Fax 770-216-1560 Email noticesatlantareiacom With my signature I accept the Terms of Sale Disclaimer amp Release and I authorize Atlanta REIA LLC to charge my credit card for the membership plan above as well as total recurring amount shown I further acknowledge that these membership dues are non-refundable
Applicant 1 (sign) Applicant 2 (sign)
(print) (print)
Date Date
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 27
Atlanta Real Estate Investors Alliance bull FEB 2013
Atlanta REIA Meetings CalendarhttpAtlantaREIAcomMeetings
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
3rd Wednesday of Each MonthLate Nite Networking Buford900 PM ndash Late NiteTilted Kilt 3480 Financial Center Pkwy M1080 Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
3rd Thursday of Each MonthSavannah REIA630 PM ndash 900 PMGallery Espresso234 Bull St Savannah GALeader Aislee Jacksonhttpsavannahreiacom
4th Monday of Each MonthAtlanta REIA West Meeting630 PM ndash 900 PMCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Monday of Each MonthLate Nite Networking Marietta900 PM ndash CloseCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Tuesday of Each MonthNote Buyer Group Meeting630 PM ndash 830 PM Olive Garden 2467 Cobb Parkway SE Smyrna GALeader Tom Boyerhttpnbgatlantareiacom
4th Thursday (Once Per Quarter)Beginning Investors Group Meeting (BIG)630 PM ndash 900 PMChef Robrsquos Caribbean Cafe 5920 Roswell Rd NE A117 Sandy Springs GALeader Alan McDonaldhttpbigatlantareiacom
4th Thursday of Each MonthCash Cows Commercial Group1130 AM ndash 100 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GAhttpcashcowsatlantareiacom
Meets at Various Times Each MonthCash Flow Players Group MeetingTo Be AnnouncedSecrets Factory 2030 Powers Ferry Rd SE 440 Atlanta GALeader Alan McDonaldhttpcashflowatlantareiacom
2nd Wednesday of Each MonthSpanish Investors Networking Group (SING)630 PM ndash 830 PMTaco Depot 4788 Sugarloaf Pkwy 107 Lawrenceville GALeader Michael Vazquezhttpsingatlantareiacom
2nd Wednesday of Each MonthI Love Marketing Group700 PM ndash 900 PMSocial Vinings 3621 Vinings Slope SE Atlanta GALeader Rock Shukoorhttpilmatlantareiacom
2nd Thursday of Each MonthAtlanta REIA South Meeting630 PM ndash 830 PMGiovannarsquos Italian Kitchen 1375 Virginia Ave East Point GALeader Reggie Jackson amp Gordon Cattshttpsouthatlantareiacom
2nd Thursday of Each MonthNorth Georgia REIA700pm - 900pmHilton Garden Inn Cartersville 24 Liberty Drive Cartersville GALeaders Bill amp Kim Cookhttpreioutpostcom
2nd Thursday (Once Per Quarter)Small Business Group (SBG)330 PM ndash 530 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Karen Bershadhttpsbgatlantareiacom
3rd Monday of Each MonthMovers amp Shakers Lunch Meeting1100 AM ndash 130 PM5 Seasons Brewing3655 Old Milton Parkway Alpharetta GALeader Gordon Cattshttpmoversandshakersatlantareiacom
3rd Tuesday of Each MonthGwinnett County Group (The Fish Club)700 PM ndash 900 PMRed Lobster2055 Pleasant Hill Rd Duluth GALeader Aaron McGinnishttpfishclubatlantareiacom
3rd Wednesday of Each MonthAtlanta REIA North Meeting630 PM ndash 830 PM1960 Skylar Hill Dr Suite D Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
February 4th 2013Atlanta REIA Main Meeting530 PM ndash 900 PM Crowne Plaza Ravinia Hotel4355 Ashford Dunwoody Atlanta GA Leader Dustin Griffinhttpmainatlantareiacom
1st Monday of Each MonthLate Nite Networking Dunwoody930 PM ndash Late NiteTilted Kilt 1155-B Mount Vernon Hwy Atlanta GALeader Lee Buddenhttpmainatlantareiacom
1st Monday (Once Per Quarter)Mobile Real Estate Rockstars Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Don DeRosahttprockstarsatlantareiacom
1st Monday (Once Per Quarter) Short Sale amp Foreclosure Group300 PM ndash 530 PMTotal Wine amp More124 Perimeter Center W Atlanta GALeader Bob Masseyhttpssfatlantareiacom
1st Monday (Once Per Quarter)Active Investors Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Gordon Catts
1st Tuesday of Each MonthMountain REIA630 PM ndash 900 PMGolden Corral 2025 Market Place Blvd Cumming GALeader Gordon Cattshttpmountainreiacom
1st Wednesday of Each MonthCreative Deal Structuring Group (CDS)700 PM ndash 900 PMWhitehall Tavern 2391 Peachtree Rd NE Atlanta GALeader Russ Hinerhttpcdsatlantareiacom
Every Thursday (Except Major Holidays)Have amp Wants Meeting130 PM - 330 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Joe Thompsonhttphavesandwantsatlantareiacom
Next Meeting March 28th
Next Game on Sat Feb 9th
Meets Monday Feb 4th
ATLANTA REIA CALENDAR OF EVENTSFEBRUARY 2013
SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
Movers amp Shakers1100am - 130pm
Gwinnett County Group (The Fish Club) 700pm ndash 900pm
I Love Marketing Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pm
Mountain REIA630pm ndash 900pm
Atlanta REIA MAIN MEETING with Bill Cook
530pm ndash 900pmMobile Real Estate Rockstars Group 300-500pm
Creative DealStructuring Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pmAtlanta REIA South Meeting630pm ndash 830pmNorth Georgia REIA700pm - 900pm
NEWSLETTER dESigN PRovidEd by
SNEAK PEEK FOR MARCHMAR 4 ATLANTA REIA MEETING
APR 1 ATLANTA REIA MEETING WITH JAY CONNER
APR 27 FULL DAY WORKSHOP WITH JAY CONNER amp RON LEGRAND
Haves amp Wants Meeting130pm - 330pm
Cash Cows Commercial Group1130am - 100pmHaves amp Wants Meeting130pm - 330pm
Atlanta REIA West Meeting630pm ndash 900pmLate Nite Networking Marietta900 PM ndash Close
Note Buyer Group Meeting 6300pm ndash 830pm
Atlanta REIA North Meeting630pm-830pmLate Nite Networking Buford900pm - Late
Grow Your Wealth With The Financial
Calculator Workshopwith Bill amp Kim Cook
900am - 500pmCartersville GA
Wealth Building Using Self-
Directed IRAswith Dyches Boddiford amp
Pete FortunatoAtlanta GA
- FB
- YT
- MU
- Button 34
- Button 72
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 11
Atlanta Real Estate Investors Alliance bull FEB 2013
+ Voicemail+ Virtual Faxing
+ 24-7 Live Operators+ Online Management
Only
$30per month
Be sure to ask for the REIA discount
Or visit us on the web at
QualityAnsweringServicecomAtlantaREIA
877-774-1717
LIVE ANSWERING SERVICE
30MINUTES
Join us for Education amp networking at the Meeting-Before-the-Meeting each monthWe meet at the Total Wine amp More located at 124 Perimeter Center W
in Atlanta at 300pm before our Atlanta REIA Main Meeting
PERIMETER
wwwYouTubecomAtlantaREIA
Keep up to date with our latest videos by subscribing to our
YouTube Channel
for you but you donrsquot have to worry about where the money is coming from to fund your deal
Another truth is that the uglier the house the more motivated the seller is likely to be If you arenrsquot getting your offers accepted on ugly houses that you can quickly wholesale you arenrsquot target-ing the right kind of junker properties Ask any Real Estate Investor who has been in the business for awhile and they will tell you there is a fortune to be made in ugly houses The more difficult it is to find this type of seller the better deal you are going to make
Another situation that arises fairly often in todayrsquos market and creates motivated sellers is a simple one for you to spot If a seller is behind on payments this is definitely going to be a motivated seller If a motivated seller is behind on pay-ments and they have a lot of equity this is an opportunity for you to make a re-ally good deal You as a Real Estate In-vestor just have to learn to use a script to ask the right questions to determine if a seller is motivated and what kind of deal you are going to make with them Itrsquos not magic it just takes a little nego-tiation and a few questions to pre-screen sellers and create some really good deals
Just remember this the seller is either in or they are out donrsquot waste your time chasing dead deals If you follow this simple rule you will make a lot of mon-ey in your real estate investing business
For more information on pre-screening sellers locating motivated sellers and buyers and exit strategies visit Kathy Kennebrookrsquos website at wwwmarket-ingmagicladycom
Comment on this article online at httpatlantareiacomp=19027
Kathy Kennebrook941-792-5390KPaddlerATTnet
wwwMarketingMagicLadycom
wwwFacebookcomKathyKennebrook
Kathy Kennebrook is a speaker author and has been actively investing in real estate since 1999 Kathy currently resides in Bradenton FL and is known as the Marketing
Magic Lady because she is the countryrsquos leading real estate marketing expert on finding motivated sellers using direct mail
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 12
Atlanta Real Estate Investors Alliance bull FEB 2013
housing Second therersquos not much competition Folks wanting to buy a trailer are forced to pay all cash ndash cash they donrsquot have ndash because banks wonrsquot lend on used mobile homes in a park At the same time very few sellers offer owner financing If you buy for cash and then sell on time yoursquore offering a very unique ndash and profitable ndash service Third every month you receive mailbox money that is taxed as portfolio income ndash which means these earnings arenrsquot getting hit with Social Security or Medicare Taxes
There are also a couple of disadvantages First you must remember that park owners are all-powerful Donrsquot do a deal in a park unless you and the park owner have a clear meeting of the minds Second some of the buyers you work with can be pretty interesting Itrsquos shocking how many are 100 healthy but still get monthly disability checks These are your tax dollars at work folks
A few weeks back I partnered with my buddy Houston Long on my most recent Lonnie Deal He is a long-time
friend and fellow investor I put up the deal and the purchase money Houston agreed to be responsible for the rehab marketing and selling After Irsquove been repaid my purchase money we will split all profits 50-50
The trailer is a nice three-bedroom two-bath doublewide in a park in Acworth Georgia The seller was asking $12000 She agreed to our $5500 offer that included the following purchase terms Wersquod give her $3000 cash down if shersquod accept an unsecured note for the $2500 balance with payments of $100 per month at 0 interest for 25 months
A few weeks later Houston sold this home with owner financing for $17500 with the following sale terms $2000 down payments of $250 per month at 14 interest for 114 months
Including our expenses (about $2000) our yield on this deal was 39 When it came time to make our first $100 monthly payment to the seller we offered her $895 cash in exchange for our $2500 note She quickly accepted our offer Shorting our note from $2500
down to $895 lowered our purchase price from $5500 down to $3895 and increased our yield from 39 up to 5038
Over the years Kim and I have done a wide variety of creative deal structures Our favorite ndash and it happens to offer the highest yields ndash is Lonnie Deals
Comment on this article online at httpatlantareiacomp=19069
continued from page 1
Bill Cook 727-420-4810BillCook2009Gmailcom
wwwREIOutpostcom
Bill Cook is a full-time real estate investor speaker and author He specializes in single-family homes and mobile home parks Bill believes
that real estate investing especially the act of buying and holding rental property is the surest way to financial independence and wealth Bill and his wife Kim run North Georgia REIA where
they teach others how to successfully invest in real estate
Place Your Advertisement Here and Get Noticed
Sign up now and get your ad created by our design specialists for FREEThis introductory special is available for a limited time onlyIf you are ready to get started see our Advertising Rates in this issueThen call Christine Griffin at 678-701-7160 or email adminatlantareiacom
Mutiple Sizes Available
Buy a home like this at a (Actual Property Inventory May Vary)
Step-By-Step Real Estate SuccessAs Atlantas First Full Service Wholesaler We Can1 Find you the deal 65 of the after repair value (includes purchase
price and repairs)2 Provide a certified appraisal to validate value3 Finance the purchase price and repairs4 Have access to our in house contractors to complete repairs for you5 Use our selling agents to sell your beautiful renovated home6 Use our leasing agents if you prefer to buy and hold7 We have just taken all risk out of the deal for you
Goldmine PropertiesWhere Integrity amp Character Matter
WHoLESALE REAL ESTATE 65 LTV
Purchase Price amp Repairs are 65 of Certified After Repair Appraisal
Financing Available
SInCE 1996 WE HAVE WHoLESALED oVER 1700 PRoPERTIES
REnTAL PRoPERTIES 12-18 RoI with 35 Equity
THIS IS AS GooD AS IT GETS The most difficult and important aspect ofReal Estate Investing is finding the deal
ldquoTHIS IS OUR SPECIALTYrdquo
MIKE CHERWENKAmcherwenkaaolcom H wwwgoldminepropertiesnet
(Loan to Value)
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 14
Atlanta Real Estate Investors Alliance bull FEB 2013
PRAdO
Join us at the
Haves amp Wants MeetingEvery Thursday at 130pm 5 Seasons Brewing located at
5600 Roswell Rd in Sandy Springs at the Prado
Short Sales Are SailingBy Kimberlee Frank
Many Investors and Realtors avoid short sales like the plague They are definitely
missing the boat My business special-izes primarily in short sales and I have seen an increase in the number of ap-provals we are getting The time line for a short sale varies from 90 to 120 days if you submit the lender a ldquocompleterdquo short sale package Since short sales are dominating the market the Lenders are creating more streamlined processes to conduct smoother short sales If you do short sales then I am quite sure you have heard of the online system called ldquoEqua-torrdquo Equator allows all of the short sale paperwork to be processed electronically through one common venue versus tra-ditional and random faxes and emails Having a file processed online avoids the common objection from the short sale lender of ldquoWe didnrsquot receive the docu-mentsrdquo Effective January 1 2013 the newest lender that has started to use Equator is Chase The following lenders and servicers are presently using Equa-tor 1) Bank of America 2) Chase 3) Wells Fargo 4) GMAC 5) Nationstar 6) ASC 7) Carrington Mortgage and 8) Homeward Residential Services
The Equator System assigns applicable tasks to each party (Agent Negotiator Closer etc) including a deadline in which to complete each task I like the fact that the lenders can no longer say ldquoOh we never got that paperworkrdquo However I
donrsquot like the fact that they are tracking our information Nationstar has taken the collection of Buyerrsquos information to a whole new level They require all Buyers to fill out a loan application even though they most likely will not be using Nation-star as a lender This application has been mandatory and this has not been waived on any of my files If you are a Buyer on any property you are required to provide your name address telephone number DOB SS assets employment history and more This is regardless if you are purchasing for investment or personal use and if you are getting a mortgage or pay-ing cash
I believe that the lenders are collecting data against all Buyers and will soon share with each other how many deals each Buyer has purchased I had one student inform me that once he purchased over 10 properties from Bank of America he was no longer allowed to purchase any more in his name his wifersquos name or company name Therefore in the future when all lenders work as a team they will share all of this information and limit the amount of deals that an Investor can purchase Wells Fargo started using a system called Core-Logic approximately 2 years ago which al-lows them to simultaneously check to see who was applying for a mortgage at the same time they were conducting a short sale This caused Investors a hardship
even though they fully disclosed to Wells Fargo their intention to buy resell andor fix the property if they used my paper-work Many short sales were not approved at that time and many Investors had no idea WHY Some of the lenders frown on the fact that Investors are purchasing the property and would rather sell the house to a homeowner
You would think that the lenders since they are funded by Investors would un-derstand how we Investors work We donrsquot buy properties at full value as we are not going to live in the home This is a business and we canrsquot make the Sellerrsquos problem our problem by paying full value It is the Investors like us that are helping the lenders get money and not go under
Now is the time to purchase short sales and if you havenrsquot started you have 10 years to ride the wave so do it now Align yourself with a good Mentor and take flight just like many Investors around the world
Happy Sailing
Comment on this article online at httpatlantareiacomp=19030
Foreclosures gone WilD
Kimberlee Frank 407-888-3255KimberleeForeclosuresGoneWildcom
wwwForeclosuresGoneWildcom
wwwFacebookcomForeclosuresGoneWild
wwwLinkedincominKimberleeFrank
wwwTwittercomKimberleeFrank
Kimberlee Frank is a Master Negotiator who has closed over 600 deals since 1998 She is a Mentor Trainer Author and Real Estate Broker teaching Investors
and Realtors how to creatively purchase and sell short sales with her Step-by-Step System She has helped Investors and Realtors earn hundreds of thousands of dollars
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 15
Atlanta Real Estate Investors Alliance bull FEB 2013
Karen Bershad(770) 356-1234KarenSmallBusinessAdvisorbiz
wwwSmallBusinessAdvisorbiz
Karen Bershad is ldquoThe Small Business Advisorrdquo Most small business owners have a challenge handling all the different areas of
running a business The accounting can be a challenge particularly if the software seems overwhelming The Small Business Advisor is what you may need to get you to the next level of your business We work at your office or provide off site assistance in getting things under control by providing a wide variety of services that are specifically for the small business
How Do I Handle a Refundable Security Deposit in QuickBooksBy Karen Bershad The Small Business Advisor
It is the goal of this column to an-swer questions about QuickBooks and how it is used in the REI arena
Know how to record transactions in the proper way and have your set of books in good shape when it comes time for taxes It is our intention to do this by you the members submitting questions to Karensmallbusinessadvisorbiz and getting answers here in this column
Q I am having difficulty reconciling my bank account I have reviewed each entry and have found that several of my deposits do not match the amount the bank has for them How do I see all my detail on each deposit without click-ing on each one to open it
A Go to Reports ndash Banking ndash and look for a report called ldquoDeposit Detailrdquo It will give you line-by-line detail of your deposits in one report and you can com-pare that to what you have in the bank If you make copies of the checks for each deposit and put it with your deposit ticket on each one that will give you a paper back up of what you actually gave the bank This way if the bank made the error then you have details of what you produced to the bank
Q Why do I need to create sub accounts in my chart of accounts
A The Chart of Accounts is the main driver of the program If you have you accounts set up properly your reports ndash Income Statement and Balance Sheet ndash will be reflected properly You may want sub accounts for some of your ex-penses in particular to be able to see where certain money is being spent For instance ndash if you make sub accounts for Auto Expenses ndash Fuel Repairs amp Maint Tags Tolls amp Parking Insurance etc ndash you then can see that the total amount spent in that areas was not just Fuel which is expensive but you had a major repair done and therefore your compari-son to last year for the same time makes more sense
Q I received a ldquoRefundable Security Depos-itrdquo from my tenant How do I enter this into QuickBooks
A This is a Liability account that you will need to payout at some later date In your chart of accounts you should have a Liability account set up for Security De-posits Escrow ndash or some name that sets it apart from security deposits you paid that are owed back to you (which is an Asset) In the deposit window instead of showing this as income you should go to this special Liability account and book
it to that account When it is time to pay the tenant the money back less any damages if need be you will write the check out and expense it also to this Li-ability account to clear the money from the account
Comment on this article online at httpatlantareiacomp=19023
the QuickBooks Quickie
When yoursquore ready to get started see our Advertising Rates in this issue and then call Christine Griffin at 678-701-7160 or email adminatlantareiacom
httpatlantareiacomthe-profitadvertising-rates
If yoursquore looking to reach the Real Estate Industry here in the Greater Atlanta Metro Area and throughout Georgia you canrsquot do better than The PROFIT Your ad will reach more than 10000 each month with your message Our production teams are among some of the best designers in the country We make you look GOOD
Advertise Your Business in The Profit
American IRA Wants to be a Value Added Service to You or Your Business
Contact our office for any self-directed IRA questions you have or for a free consultation
1-866-7500-IRA(472) or infoamericaniracom
P We do business the old fashioned way At American IRA we pick up the phone
P We offer personalized service catered to each of our clientsrsquo needs
P We provide educational articles live webinars and many other resources
P We have experienced IRA instructors who are available for speaking engagements
P We provide joint webinars which allows you to high-light your services
P We provide free copies of your webinar in CDDVD format for you to promote your services
P We have a resource page on our website to list your services on (certain restrictions apply)
P We are experienced in investinghellip we understand your investment language
wwwAmericanIRAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 17
Atlanta Real Estate Investors Alliance bull FEB 2013
Business By the Book
Greed In Business = Trouble In The Family By Erven Kimble
The relentless drive to acquire the elusive ldquoAmerican Dreamrdquo is what fuels many business profes-
sionals To many in pursuit of the worldrsquos definition of success means ldquogetting more and morerdquo ldquoclimbing the corporate ladder at all costrdquo or perhaps it means ldquothe end justifies the means no matter whatrdquo This kind of ill-advised pursuit requires that a person disconnect other areas of life that makes significant demands on their time and attention One way to separate these distractions is to departmentalize them
Highly motivated entrepreneur and busi-ness professionals often compartmentalize their professional interests from the rest of their personal lives Many ldquogo-gettersrdquo tend to divide their lives into these differ-ent compartments and make decisions as if they are not interconnected For many their thoughts about church religion matters concerning God and the Bible or even their family have little or nothing to do with their day-to-day business decisions and activities that are required to be suc-cessful They rationalize that these differ-ent compartments neatly and separately co-exist For instance one might
bull Define things as being secular versus spiritual
bull Make clear distinctions between that which is personal as opposed to the professional matters
bull Or draw a big distinction between their family life and their business life
The truth of the matter is that God does not view our lives as being compartmen-talized A Biblical view sees the secular as spiritual and our professional and personal lives co-existing in the same space The
actions and the decisions that we make at the office effects what happens at home Whether a person realizes it or not deci-sions and practices in the work place have a direct impact on what happens back on the home front
The relentless drive to get more and more in the workplace is called ldquoGreedrdquo Greed is flaw that ultimately brings distrust and dishonor to all those involved A person in pursuit of unmerited gain is a continuous source of grief for themselves as well as their families Greed and covetousness leads men and women to habitually want more than their share As a results the progres-sive overflow of greed leads to bribes and the kickbacks Bribes and kickbacks are a perversion of justice a misrepresentation that ultimately breeds distrust and dishon-or to all those that are involved including all family members who bear their name
Those who refuse to be involved in these ungodly practices
will find longevity and prosperity
There is energizing freedom and great gratification in honesty that translates into the idea of establishing a legacy Business-men and businesswomen that strive to operate an honest business not only live well themselves they also leave a proud heritage to their children Conversely the foolish and fraudulent leave an inheritance of misery
ldquoThe good people who live honest lives will be a blessing to their childrenrdquo (Pr 207)(NCV)
A familyrsquos religious passion will produce the familyrsquos long-term qualities In other
words the children of ethical parents are the recipients of the divine favor of God The family traits model behavior that is mimicked by the children and ultimately the advantages or the hazards are experi-enced by the next generation When there are models of godly parents who live out their Christian beliefs the children are challenged to become wise themselves
Thoughts to Ponder
I Have you ever considered your business decisions would directly impact your family
II What legacy are you preparing to leave your children or family
III Have you considered the long term generational effect of your business practices
Comment on this article online at httpatlantareiacomp=19001
God does not view our lives as being compartmentalized
ldquoGreedy people bring trouble to their families but the person who canrsquot be paid to do wrong will liverdquo (Pr 1527)(NCV)
Erven Kimble 404-606-8909ElegantHomesLLCYahoocom
wwwPeopleWhoBuyHousescom
wwwFacebookcomEAKimble Erven Kimble is an accomplished pastor teacher author community leader licensed Christian Counselor and Real Estate entrepreneur Erven is a visionary that has faithfully
served as the Senior Pastor of a local church in Lilburn Georgia for twenty years
The author searched the Book of Proverbs and Psalms and extracted wisdom that reference business and finances to produce the series of articles called Business By The Book The purpose of these articles is to present time tested and proven Biblical principles in a way that is practical relevant and beneficial to the average business person
HOME INSPECTION
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major systems InspectIon$60 per Home amp one page summary report
Great for Rehabs
Investor major systems InspectIon25 of your Fees are credited toward
A Full Home Inspection
Investor InspectIon prIcIng on FUll InspectIons
bull 1st Home regular pricebull each Inspection accrues an additional
5 discount on Inspections 2ndash5bull Inspections 6 and beyond are 25 OFF
REI SPECIALS
bull FRee 90-day Home warranty wItH every complete Home InspectIon
bull FRee recall cHeck on applIcances and mecHanIcal components oF tHe Home wItH FRee Updates For lIFe
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bull reportsprInteDon-sItewIthIntheQUoted tIme - GuARAnteeD
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bull 247 onlIne scHedUlIng and docUment sIgnIng
bull FRee repaIrs re-InspectIon and InspectIon Update
bull FRee consUltIng For lIFe vIa pHone emaIl and skype
bull BOnDeD amp InsuReD wItH errors and omIssIons InsUrance
Visit wwwPetesFriendlyHomeInspectioncom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 19
Atlanta Real Estate Investors Alliance bull FEB 2013
Caution Landlords Accepting Money After Filing An Eviction Impacts Your RightsBy Attorney Jon David W Huffman
Landlords often have mixed emo-tions when their tenants call and offer them money after a dispos-
sessory warrant (an eviction) has been filed On one hand landlords are in the business of collecting rent However they worry how it may affect moving forward with the eviction Accepting a payment after an eviction is filed does af-fect your rights
Residential Landlords
A residential landlord has a duty to ac-cept a payment from a tenant who is in default if and only if the tenant tenders ldquoall rents allegedly owed plus the cost of the [eviction]rdquo1 However the tenant can-not wait until the last moment to do this They must tender the full payment within seven days of the day they were served the eviction paperwork2 There is no need to worry about a tenant doing this perpetu-ally because a landlord is only obligated to accept this type of payment once per year3 Making this payment provides a complete defense to the eviction and upon receipt a landlord should dismiss the eviction
If a residential tenant offers a partial pay-ment however BEWARE A residential landlord who accepts a partial payment from a tenant after an eviction has been filed waives his right to continue with the eviction and admits the continuance of the lease4 In simple terms the eviction fails and the landlord must start the eviction process over if he wishes to evict the ten-
ant It does not matter when the partial payment is made ndash whether one hour after the eviction is filed or five minutes before the eviction trial Thus the landlord must either reject the partial payment or if ac-cepted he must restart the eviction process
Commercial Landlords
Perhaps unsurprisingly the law on ldquonon-residentialrdquo or commercial leases allows more freedom to contract
A commercial tenantrsquos right to tender past due rent and the dispossessory fee can be contractually waived5 Indeed in many commercial real estate leases this right is waived All commercial landlords should have an attorney review their lease to en-sure that they have the right to regain possession of their property upon default without giving a tenant the right to pay the past due rent and dispossessory fees
Following the freedom-to-contract prin-ciple a commercial landlord can accept a partial payment without waiving his rights to evict Under OCGA sect 44-7-52(c) a commercial landlord is free to take a par-tial payment and continue the eviction process unhindered Of course any money received would offset the landlordrsquos dam-ages So commercial landlords cash that check and keep on going
Disclaimer The information contained in this article is for informational purposes only and is not legal advice or a substitute for legal counsel
It does not constitute advertising or solicitation The information in this article may or may not reflect the most current legal developments ac-cordingly this article is not guaranteed to be complete and should not be considered an indi-cation of future results
Comment on this article online at httpatlantareiacomp=19013
1 OCGA sect 44-7-52(a)2 Id 3 Id4 Gay v American Oil Co 115 Ga App 18 153 S E 2d 612 (1967)2 Id3 Id4 Gay v American Oil Co 115 Ga App 18 153 S E 2d 612 (1967)5 Hardwick v 3379 Peachtree 184 Ga App 822 824 363 SE2d 31 (1987)
real estate legal report
Jon David Huffman 404-373-4008 x 304JonDavidPooleLawGroupcom
wwwPooleLawGroupcom
wwwJonDavidHuffmancom
Jon David Huffman is a litigation attorney specializing in real estate disputes business disputes and commercial collections With
more than a decade of experience managing small businesses before attending Emory Law School he brings a business ownerrsquos perspective to the practice of law
wwwMeetUpcomAtlantaREIA
Join us on Meetup and RSVP for the meetings you will be attending
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 20
Atlanta Real Estate Investors Alliance bull FEB 2013
With each New Year comes new ventures More and more often investors have
to expand their investment territories in order to stay active As technology con-tinues to make the world a smaller place many investors are also looking at invest-ing in different states and some in differ-ent countries By doing this the amount of inventory increases dramatically if you make the right contacts At the same time if you work with investors that are open in investing out of state or in different coun-tries you have the ability to sell more
With all this said it is not always as easy as it may sound whether you are the buyer or seller As the buyer you need to make a trip to the new area you are looking to invest in The reason to do this is obviously to learn the market but secondly to make a few key contacts in the area The main contacts you need to make are a few wholesalers real estate agents contractors a title company and property management if you are look-ing for rentals Not only will these contacts help you in their area of specialty but they can also be go-to people for a second opinion on any potential deals In order for this to be a win-win situation you want to use these contactsrsquo services For example if you ask a contractor to verify repair cost on a home you should use himher for that project
The suggestions mentioned above also ap-ply to those looking to sell properties out-side their local area of expertise If you are teaming up with a local in a new area make sure you are working with someone that can answer questions experienced investors will need answered Keep in mind that just because someone tells you a property is a good deal to invest in does not mean it is
You may be marketing a property that you would normally not market Even worse you may end up selling a property that you would not have sold if you knew the market better Investors will typically follow you into another statecountry if you have been part of their success in their local market Investors should do their own due diligence but you should do your own before even marketing that deal otherwise you will lose credibility You may not only lose credibil-ity in the new market but also in your local market You can also lose money that you have out for a due diligence period andor earnest money if you discover that you con-tracted a dud Remember the importance of closing once you have a contract in place
Before venturing into a new market make sure you at least make the contacts men-tioned above Let them know your inten-tions of investing andor selling in their area soon but are currently familiarizing yourself with the market This will prevent them from thinking of you as just another window shopper Remember that if you create a win-win-win situation your success will continue to grow
Comment on this article online at httpatlantareiacomp=19041
FroM contract to closing
New TerritoriesBy Michael Vazquez
Michael Vazquez 678-951-9222MichaelPVazquezGmailcom
Michael Vazquez has been offering properties to real estate investors significantly below market value since 2006 in both Texas and Georgia
Michael is always looking to for more investors to work with
Solutions that help you Make More
Work LessUse your iPad iPhone or other mobile device anywhere tohellip
H Find comps and rental rates
H Sign and send contractsH Plan your entire rehabH and so much more
Check it out noW5 Day Trial for only $1
Make More Work LessGo To
MobileRealEstateRockstarcomAtlanta-REIA
Keep up to date with our latest opportunities by joining us on Twitter at wwwTwittercomAtlantaREIA
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 21
Atlanta Real Estate Investors Alliance bull FEB 2013
Every New Yearrsquos Day people consider what they want to ac-complish in the following year
Well we are now 30 days into 2013 and I am sure that you have reflected on 2012 What resolutions did you follow to success What results have you seen from last yearrsquos work
At the beginning of 2013 I reflected on what I considered success Like many of you I realized that I want to improve my monetary financial relationship and problem-solving skills because these lead us to success What is success in 2013 ACHIEVING MORE OF YOUR GOALS
We all know that success in our busi-ness means learning new tricks tips and techniques We must accumulate knowledge and power We must achieve a superior capacity to think and act effectively through presentations best practices and strong strategies We must have a highly competitive advantage a platinum value But how do we strengthen the skills that we MUST have
The ONLY way to achieve this is through what I call PAC Planning Accountability and Consistency
Planning
Planning means success Planning means that you will be prepared to react logically You will be able to carefully consider the market environment re-lationships and finances Planning sets you up for control of your own success
Because Irsquove been in this business for so long one of the many things I can tell you is an easy way to plan-- measure what you are doing Here is how
bull Graph your numbers once a week
bull Reflect on your graphmdashAre your ef-forts showing success
- If not change your strategy
- If so reflect on what you have done and decide how to do it even better
For example wanting to earn $200000 a year is my goaldesired outcome To do this I will work backwards from the goal to the actual steps and processes needed to allow me to achieve the goals These steps are the action plan
ONLY when we know our goals can we outline the steps to get there Only then can
we follow the steps and make adjustments
Accountability and Consistency
Do you make time for your success or do you need support to be consistently accountable to your goals your plan and yourself
This is where I come in I can coach you with your plan accountability and con-sistency PAC
Irsquod like to share some of my action steps for 2013mdashthese are examples of action steps that as your coach I can help you to create plan and execute As your coach I can help you increase your ex-pertise with goals like these by helping you to use the PAC principles
1 Increase my profitability by using my resources effectively and ef-ficiently Example Limit events tasks and time with people which donrsquot align with my goals or which canrsquot be satisfied
2 Create systems situations and op-portunities to meet and present to qualified customers Goal Meet new customers 20 of the time
3 Focus 100 on my emotional physical and mental focus What can I do
4 Debrief after events to increase my expertise
Consistent effort energy time use of resources and learning will allow me to achieve my goals It will help you toomdashif you apply PAC
With PAC and my assistance you can eliminate sabotaging behaviors and be-
hoW to Be a real estate investor
2013 A Year of Achieving Your Goals with PAC By Russ Hiner
Join us for
LATE nITE nETWoRKInGat the Meeting-After-the-MeetingWe meet at the Tilted Kilt Perimeter located 1155-B Mount Vernon Highway in Atlanta right after our Atlanta REIA Main Meeting
PERIMETERcontinued on page 23
Attend Russrsquos Creative Deal Structuring on Feb 9th at 7PM
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 22
Atlanta Real Estate Investors Alliance bull FEB 2013
Welcome back If you read Part One of this article you know that we covered the
other different types of popular real es-tate deals that most people do and the biggest problems with them these days Then we talked about how advantageous it is to do the new type of deals Whole-saling Pretty Houses
But we still have a few important things to cover so letrsquos pick up where we left offhellip
Once you agree on the deal amp terms with the seller you get all the paperwork signed amp closed at either a title compa-ny or attorneyrsquos office No exceptions Yoursquoll want that legal backup in case the seller conveniently forgets what they agreed to later
So now yoursquove got a deal under contract amp all the paperwork signed What now Simple You get it lsquosoldrsquo as an oppor-tunity to a tenant buyer who 1 Has a decent chunk of money to put down (typically $5000+minimum) and 2 Can afford the existing monthly mort-gage payments
For example letrsquos say you have a house worth $250000 The seller owes $260000 with monthly PITI payments of $1550 amp theyrsquore current The house needs little to no repair amp is in a great neighborhood where people want to live The seller just wants to walk amp realizes
that there is NO money to be made on this deal obviously
So at a glance it looks like this
ARV $250kOWE $260k PAYMENT $1550 PITI
currentREPAIRS $0ASKING $0 Just wants out (for what-
ever reason eg job x-ferloss divorce etc)
So you SELL the house on a Lease Purchase (aka lsquoRent to Ownrsquo) to a tenant buyer who falls in love with the house has at least $5000 to put down as Non-Refundable Option Consideration and can easily af-ford the $1550 monthly payments (plus utilities HOA etc obviously)
You arrange the closing at the title compa-nyattorneyrsquos office (have the tenant buyer pay their fee) and collect your check
hellipAND YOUrsquoRE DONE You are OUT of the deal from this
point forward
So what just happened And why would you WANT to be OUT of the deal after that
Good question Letrsquos recap shall we
You found amp negotiated a deal on a house with little to no equity that no one else would touch You solved the sellerrsquos prob-
lem amp they love you for it You then went amp found a tenant buyer who couldnrsquot buy a house now if their life depended on it (in most cases) and gave them an honest op-portunity to eventually buy this beautiful house in a beautiful neighborhoodhellip even if their credit is terrible
(NOTE The worse their credit is the more you should collect as a downpay-ment )
After that the tenant-buyer should just make the monthly mortgage pay-ments as rent There are a few options on how they can do this 1 Pay directly to the seller 2 Pay directly to the mortgage company 3 Pay to a 3rd-party paymentescrow company I highly suggest doing the 3rd so everyone can be sure the pay-ments are made on time There are several companies that will provide this service for you for a nominal fee ranging from $5 to $50mo Check around for more informa-tion on that
So herersquos the next big question WHY would YOU as the investor want to be DONE with the deal after that Why wouldnrsquot you want to get the deed or stay in the deal
Herersquos the answer You WOULD want to stay in the deal (and maybe get the deed)hellip IF
IF the seller has equity IF the house is go-ing UP in value Or IF the mortgage pay-
The Best Deals To Do in Real Estate in 2013 amp Beyond ndash Part 2By Tony Pearl
pearls oF WisDoM
NGaREIANorth GeorGia reia MoNthly MeetiNG
2nd Thursday of Each Month at 700 PMat the Hilton Garden Inn
Cartersville GA
See httpREIOutpostcom for more information
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 23
Atlanta Real Estate Investors Alliance bull FEB 2013
ments are LOW and the rent is HIGH Those are some great examples of why you WOULD want to remain in the deal
But IF the opposite is true you should simply collect your down payment from the seller amp assign that deal that you just lined up Wait a minute Assign the deal WHO would you assign the deal to
Irsquom smiling as I write this and hopefully you will too as you realize the obvious
You ASSIGN the deal right back to the SELLER of the house Does that make sense
When the house goes back up in value amp the tenant buyer is ready to buy guess what
Theyrsquoll buy directly from the seller And you explain all that to everyone involved in the deal
This Type Of Deal Is Tremendously Advantageous
To You When
bull Houses in that area are still declining in value
bull If the seller simply owes too much
bull Or if you just want an easy-in easy-out type of simple deal to do that still quickly puts thousands of dol-lars in your pocket without any risk or rehab
In the example above you got a check for (at least) $5000 pretty quickly and you donrsquot have to deal with the tenant-buyer or the seller ever again if you donrsquot want to In Out Paid Done Simple
Of course there are some important de-tails in the middle that you should learn If these types of deals make sense to you and you would like to learn more either ask your local REIA leader to get more information for you or drop me a line Irsquod love to help
So there you have it I believe that wholesaling pretty houses is one of the best types of deals you can be doing in 2013 amp beyond Itrsquos quick amp easy and there are plenty of deals like that out there now Best of all therersquos VERY little competition to do this For now
Hopefully your competition wonrsquot read this article
Until Next Time
Tony Pearl
Comment on this article online at httpatlantareiacomp=19037
Tony Pearl202-556-0670TonyTonyPearlcom
wwwTonyPearlcom
wwwFacebookcomTonyPearl
wwwTwittercomTheTonyPearl
wwwYoutubecomTonyPearl
Tony Pearl is an entrepreneur copywriter proud father mentor marketing consultant and talented teacher who resides in the Washington DC area He
has traveled to over 26 countries speaks 4 languages and continues to travel extensively He has been a professional Ballroom and Latin dance instructor competitor and exhibitor for over 19 years As a Real Estate Investor Tony has bought and sold over Ten Million dollars worth of real estate and has been educated by and associates with the best
Russ Hiner 404-660-4289RussRHinercom
wwwRHinercom
wwwFacebookcom1RHiner
Russ has been investing in real estate in Atlanta Georgia since 1981 His company currently controls apartment buildings and single-family properties in Georgia and
other states His focus is on raising private capital through Hedge Equity LLC
Russ invests everyday His knowledge and experience is current in the market He is capitalizing on the needs wants and desires of the customer He has a deep level of experience in building relationships with vendors investors tenants sellers and qualified buyers He has the knowledge to negotiate contracts manage rental properties and make his co-investors wealthy He enjoys taking properties which are virtually destroyed renovating them and creating a better community
come accountable Being accountable will lead to success which will give you the confidence to take responsibility for your greatness Confidence is liberating It leads to increased passion for your work With renewed passion 2013 can be your year of commitment and success With renewed energy you can follow your Plan that will lead you to Consis-tency Accountability and SUCCESS
So itrsquos 2013 You have goals
Will you use the same techniques that you did in 2012 Or will you join me and others whom Irsquove worked with in using new tools and renewed energy
What is the action step to begin plan-ning What should you do to help you remain on track
What can you do to make 2013 a differ-ent year for you a year of success
I am looking forward to meeting you and helping you on your way to a suc-cessful 2013
Comment on this article online at httpatlantareiacomp=19035
Achieving Your Goals with PAC cont from p21
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 24
Atlanta Real Estate Investors Alliance bull FEB 2013
How to Quickly Get 10 to 15 Good Rental Properties Paid For Free and Clear By Larry Harbolt
creative Financing is king
Larry Harbolt 727-420-4810LarryHarboltGmailcom
wwwLarryHarboltcom
wwwFacebookcomLarryHarbolt7
wwwTwittercomLarryHarbolt Larry Harbolt is the nationrsquos leading creative Seller Financing expert as well as a popular national real estate speaker and teacher whose time-
tested strategies and nuts and bolts teaching style has helped thousands of aspiring real estate entrepreneurs realize their financial dreams with little or no money and without the need for credit Larry has been successful creatively buying and selling real estate for over 30 years and has written numerous popular articles and real estate courses Larry also has been running a meetup group in St Petersburg FL for real estate investors for over 13 years
We are already in the second month of 2013 and I just had a conversation with one
of my students who wanted to know how to create wealth in the shortest possible pe-riod of time The following is my idea how wealth for any real estate investor can be created in the shortest period of time
Here is an example of how you can quickly achieve financial freedom and then wealth investing in real estate
For instance the first thing you need to do is buy 10 to 15 well selected income pro-ducing properties you are willing to keep long term as your retirement program and the base of your future wealth I personally love the thought of someone else having to go to work every day to earn money they give me in the form of rent each month that pays for my properties without me having to have a job or have to go to work every day Then once you have bought your 10 to 15 keeper rental houses in good neighborhoods with tenants who are pay-ing on time every month letrsquos say $1000 each month of which $520 goes for the monthly loan payment and after monthly expenses of property taxes property insur-ance a maintenance fund and a vacancy fund leaves you from the $1000 gross rent approximately $150 each month to put into your pocket Letrsquos say for each of your keeper rental properties you paid $88000 with very little money down and were able to get seller financing terms for 30 years
Then once you get those 10 to 15 houses free and clear with no debt each month you get to keep the entire $1000 from each house (less taxes and insurance and main-tenance costs) leaving you about $600 to $650 from each house each month Ten houses at $600 each equals $600000 each month paid directly to you to pay your bills Some of you might need 15
houses to achieve your goals If you have 15 houses x $600 net each month will give you $9000 per month income to cover your monthly expenses Once you have that much coming in each month you will have financial freedom but not yet wealth Wealth comes over time Let me show you how to get your properties free and clear in the shortest period of time
Getting Your 10 to 15 Houses Free and Clear In a Short
Period of Time
After you have your base of 10 to 15 houses bought then each year go out and buy an additional 10 to 15 houses The additional 10 to 15 houses you buy each year can be rehabbed and then sold If you were to take all of the profits from the sale of each of the additional 10 to 15 houses (after paying the taxes) and use the money you have left to pay off one or two of the loans on the houses you plan to keep and you did this over and over for a few years your base of rental properties would soon be com-pletely paid for and you would then have enough income coming in each month to be financially free
This is definitely a plausible and possible plan to become financially free in the short-est period of time Once you have done this you will then have more time and money to continue to buy even more houses sim-ply because you will have enough income each month coming in so you donrsquot have to go to a job you hate every day
Once all of your base of income produc-ing properties are completely paid for and are free and clear you will probably truly be a millionaire If you have 15 properties valued at $80000 that are free and clear your net worth will be $80000 X 15 = $1200000 Now you are wealthy
You Must Have a Wealth Building Strategy to Be
Successful
This is how true wealth is created over time People who only wholesale property for a living are not true investors -- they really have a job When a wholesaler buys a property and then passes it on to another person and they get paid a fee that money will be quickly spent and they then have to go out and find another property to whole-sale again so they can get another fee To me thatrsquos a job and I donrsquot want another job I want financial success
If you plan to be a successful real estate in-vestor and create the wealth you want it is going to be very important that you are able to recognize opportunity when it pres-ents itself It took me nearly 25 years to figure this out for myself and that is why I am sharing this information with you now so you can more quickly achieve financial freedom and your eventual wealth
Comment on this article online at httpatlantareiacomp=19032
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
Atlanta Real Estate Investors Alliance bull FEB 2013
Join our Mobile Real Estate Investor VIP ListJust text ATLAnTA to 404-996-1099Standard text message rates apply
Follow us online from your mobile phone at httpAtlantaREIAcom httpFacebookcomAtlantaREIA httpTwittercomAtlantaREIA httpYoutubecomAtlantaREIA httpMeetupcomAtlantaREIA
Want to stay plugged in and connected to Atlanta REIA from
your mobile device
Subscribe to The Profit Newsletter amp Email list at httpSubscribeAtlantaREIAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
For a Limited Time
Wersquore Sharing our Design Firm with our Advertisers
GROW YOUR BUSINESS TODAY placing an ad in The Profit and our design firm River City Consulting will design your ad for FREE Wersquoll also provide you with the digital file to use online and to have printed to use as promotional flyersMinimum 3-month Obligation
When yoursquore ready to get started call Christine Griffin at 678-701-7160 or email adminatlantareiacom
SEE THEIR WORK IN amp ON
AAttllaannttaa RREEIIAA MMeemmbbeerrsshhiipp AApppplliiccaattiioonn Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560
Atlanta REIA Use Only Member ____________ Exp Date ____________ ID Card Printed Sent _________
Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560 rev 1282011
Membership Plans - Choose a Membership Plan
Silver Membership for Individual $100year
Silver Membership for Couple $150year
Gold Membership for Individual $300year
Gold Membership for Couple $300year
Applicant Information - Please print clearly
Applicant 1 Applicant 2
Address
Phone 1 Phone 2
Email 1 Email 2
Sponsor (if applicable)
Payment Information - Please print clearly
Name on Card Total Amount $
Billing Address
Card Type Visa Master Card Discover American Express
Card Number Expiration Date Code
Terms of Sale Disclaimer amp Release The undersigned Applicant(s) hereafter called the Applicant understands and acknowledges that membership in the Atlanta Real Estate Investor Alliance hereafter called Atlanta REIA absolutely does NOT entitle nor make Applicant a legal member of Atlanta REIA LLC the company Applicant acknowledges that Atlanta REIA does not render legal tax economic or investment advice All programs are provided with the understanding that Atlanta REIA is not engaged in rendering legal tax or other professional services If legal tax or other expert assistance is required the services of a competent professional should be sought Atlanta REIA does not investigate its members nor vouch for nor make representation as to the honesty integrity reliability motives andor resources of its members officers directors employees agents and or contractors The Applicant in consideration for hisher acceptance as a member of Atlanta REIA hereby releases discharges and agrees to indemnify Atlanta REIA its officers directors members employees agents andor contractors from any liabilities now accrued or which may hereafter accrue from their actions inactions or communications made by Atlanta REIA andor officers directors members employees agents andor contractors in or through their respective capacities with Atlanta REIA Applicant agrees to comply with the terms and conditions described herein the Code of Ethics and any other terms described on our website at AtlantaREIAcom as well as any other Atlanta REIA rules and regulations Applicant agrees and acknowledges that Atlanta REIA may enforce these codes terms rules and regulations at its sole and absolute discretion and may terminate this membership at any time for any reason whatsoever Applicant grants to Atlanta REIA its representatives and employees the right to take photographs video or audio of Applicant and Applicants property Applicant authorizes Atlanta REIA its assigns and transferees to copyright use and publish the same in print andor electronically Applicant agrees that Atlanta REIA may use such photographs video and audio of Applicant with or without Applicants name and for any lawful purpose including but not limited to publicity illustration advertising and web content Applicant grants permission to Atlanta REIA to contact Applicant regarding membership and related business by phone fax email text message chat programs social networking automated voice broadcast dialers or any other means necessary By completing this application Applicant agrees to give Atlanta REIA permission to bill the credit card above for the membership plan selected above Applicant acknowledges and agrees that the term of membership is one (1) year and that billing for membership will be automatically renewed for one (1) year upon expiration at the then current membership rate and that the appropriate charges be applied to Applicants credit card on file Should Applicant decide to cancel membership a written notice of cancellation must be emailed faxed or sent via postal email to Atlanta REIA at the address email or fax below thirty (30) days prior to the next billing or renewal period Atlanta REIA must acknowledge receipt of this written cancellation notice for it to be valid Membership dues are NON-REFUNDABLE for any reason whatsoever Applicant promises NOT to initiate any refunds or credit card charge backs for these membership dues and related charges at any time Applicant agrees that Atlanta REIA may change the terms of this Agreement or its membership dues at any time by posting such changes to our website at AtlantaREIAcom By continuing membership Applicant agrees to be bound by such changes Applicant will send all written notifications to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 Fax 770-216-1560 Email noticesatlantareiacom With my signature I accept the Terms of Sale Disclaimer amp Release and I authorize Atlanta REIA LLC to charge my credit card for the membership plan above as well as total recurring amount shown I further acknowledge that these membership dues are non-refundable
Applicant 1 (sign) Applicant 2 (sign)
(print) (print)
Date Date
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 27
Atlanta Real Estate Investors Alliance bull FEB 2013
Atlanta REIA Meetings CalendarhttpAtlantaREIAcomMeetings
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
3rd Wednesday of Each MonthLate Nite Networking Buford900 PM ndash Late NiteTilted Kilt 3480 Financial Center Pkwy M1080 Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
3rd Thursday of Each MonthSavannah REIA630 PM ndash 900 PMGallery Espresso234 Bull St Savannah GALeader Aislee Jacksonhttpsavannahreiacom
4th Monday of Each MonthAtlanta REIA West Meeting630 PM ndash 900 PMCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Monday of Each MonthLate Nite Networking Marietta900 PM ndash CloseCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Tuesday of Each MonthNote Buyer Group Meeting630 PM ndash 830 PM Olive Garden 2467 Cobb Parkway SE Smyrna GALeader Tom Boyerhttpnbgatlantareiacom
4th Thursday (Once Per Quarter)Beginning Investors Group Meeting (BIG)630 PM ndash 900 PMChef Robrsquos Caribbean Cafe 5920 Roswell Rd NE A117 Sandy Springs GALeader Alan McDonaldhttpbigatlantareiacom
4th Thursday of Each MonthCash Cows Commercial Group1130 AM ndash 100 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GAhttpcashcowsatlantareiacom
Meets at Various Times Each MonthCash Flow Players Group MeetingTo Be AnnouncedSecrets Factory 2030 Powers Ferry Rd SE 440 Atlanta GALeader Alan McDonaldhttpcashflowatlantareiacom
2nd Wednesday of Each MonthSpanish Investors Networking Group (SING)630 PM ndash 830 PMTaco Depot 4788 Sugarloaf Pkwy 107 Lawrenceville GALeader Michael Vazquezhttpsingatlantareiacom
2nd Wednesday of Each MonthI Love Marketing Group700 PM ndash 900 PMSocial Vinings 3621 Vinings Slope SE Atlanta GALeader Rock Shukoorhttpilmatlantareiacom
2nd Thursday of Each MonthAtlanta REIA South Meeting630 PM ndash 830 PMGiovannarsquos Italian Kitchen 1375 Virginia Ave East Point GALeader Reggie Jackson amp Gordon Cattshttpsouthatlantareiacom
2nd Thursday of Each MonthNorth Georgia REIA700pm - 900pmHilton Garden Inn Cartersville 24 Liberty Drive Cartersville GALeaders Bill amp Kim Cookhttpreioutpostcom
2nd Thursday (Once Per Quarter)Small Business Group (SBG)330 PM ndash 530 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Karen Bershadhttpsbgatlantareiacom
3rd Monday of Each MonthMovers amp Shakers Lunch Meeting1100 AM ndash 130 PM5 Seasons Brewing3655 Old Milton Parkway Alpharetta GALeader Gordon Cattshttpmoversandshakersatlantareiacom
3rd Tuesday of Each MonthGwinnett County Group (The Fish Club)700 PM ndash 900 PMRed Lobster2055 Pleasant Hill Rd Duluth GALeader Aaron McGinnishttpfishclubatlantareiacom
3rd Wednesday of Each MonthAtlanta REIA North Meeting630 PM ndash 830 PM1960 Skylar Hill Dr Suite D Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
February 4th 2013Atlanta REIA Main Meeting530 PM ndash 900 PM Crowne Plaza Ravinia Hotel4355 Ashford Dunwoody Atlanta GA Leader Dustin Griffinhttpmainatlantareiacom
1st Monday of Each MonthLate Nite Networking Dunwoody930 PM ndash Late NiteTilted Kilt 1155-B Mount Vernon Hwy Atlanta GALeader Lee Buddenhttpmainatlantareiacom
1st Monday (Once Per Quarter)Mobile Real Estate Rockstars Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Don DeRosahttprockstarsatlantareiacom
1st Monday (Once Per Quarter) Short Sale amp Foreclosure Group300 PM ndash 530 PMTotal Wine amp More124 Perimeter Center W Atlanta GALeader Bob Masseyhttpssfatlantareiacom
1st Monday (Once Per Quarter)Active Investors Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Gordon Catts
1st Tuesday of Each MonthMountain REIA630 PM ndash 900 PMGolden Corral 2025 Market Place Blvd Cumming GALeader Gordon Cattshttpmountainreiacom
1st Wednesday of Each MonthCreative Deal Structuring Group (CDS)700 PM ndash 900 PMWhitehall Tavern 2391 Peachtree Rd NE Atlanta GALeader Russ Hinerhttpcdsatlantareiacom
Every Thursday (Except Major Holidays)Have amp Wants Meeting130 PM - 330 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Joe Thompsonhttphavesandwantsatlantareiacom
Next Meeting March 28th
Next Game on Sat Feb 9th
Meets Monday Feb 4th
ATLANTA REIA CALENDAR OF EVENTSFEBRUARY 2013
SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
Movers amp Shakers1100am - 130pm
Gwinnett County Group (The Fish Club) 700pm ndash 900pm
I Love Marketing Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pm
Mountain REIA630pm ndash 900pm
Atlanta REIA MAIN MEETING with Bill Cook
530pm ndash 900pmMobile Real Estate Rockstars Group 300-500pm
Creative DealStructuring Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pmAtlanta REIA South Meeting630pm ndash 830pmNorth Georgia REIA700pm - 900pm
NEWSLETTER dESigN PRovidEd by
SNEAK PEEK FOR MARCHMAR 4 ATLANTA REIA MEETING
APR 1 ATLANTA REIA MEETING WITH JAY CONNER
APR 27 FULL DAY WORKSHOP WITH JAY CONNER amp RON LEGRAND
Haves amp Wants Meeting130pm - 330pm
Cash Cows Commercial Group1130am - 100pmHaves amp Wants Meeting130pm - 330pm
Atlanta REIA West Meeting630pm ndash 900pmLate Nite Networking Marietta900 PM ndash Close
Note Buyer Group Meeting 6300pm ndash 830pm
Atlanta REIA North Meeting630pm-830pmLate Nite Networking Buford900pm - Late
Grow Your Wealth With The Financial
Calculator Workshopwith Bill amp Kim Cook
900am - 500pmCartersville GA
Wealth Building Using Self-
Directed IRAswith Dyches Boddiford amp
Pete FortunatoAtlanta GA
- FB
- YT
- MU
- Button 34
- Button 72
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 12
Atlanta Real Estate Investors Alliance bull FEB 2013
housing Second therersquos not much competition Folks wanting to buy a trailer are forced to pay all cash ndash cash they donrsquot have ndash because banks wonrsquot lend on used mobile homes in a park At the same time very few sellers offer owner financing If you buy for cash and then sell on time yoursquore offering a very unique ndash and profitable ndash service Third every month you receive mailbox money that is taxed as portfolio income ndash which means these earnings arenrsquot getting hit with Social Security or Medicare Taxes
There are also a couple of disadvantages First you must remember that park owners are all-powerful Donrsquot do a deal in a park unless you and the park owner have a clear meeting of the minds Second some of the buyers you work with can be pretty interesting Itrsquos shocking how many are 100 healthy but still get monthly disability checks These are your tax dollars at work folks
A few weeks back I partnered with my buddy Houston Long on my most recent Lonnie Deal He is a long-time
friend and fellow investor I put up the deal and the purchase money Houston agreed to be responsible for the rehab marketing and selling After Irsquove been repaid my purchase money we will split all profits 50-50
The trailer is a nice three-bedroom two-bath doublewide in a park in Acworth Georgia The seller was asking $12000 She agreed to our $5500 offer that included the following purchase terms Wersquod give her $3000 cash down if shersquod accept an unsecured note for the $2500 balance with payments of $100 per month at 0 interest for 25 months
A few weeks later Houston sold this home with owner financing for $17500 with the following sale terms $2000 down payments of $250 per month at 14 interest for 114 months
Including our expenses (about $2000) our yield on this deal was 39 When it came time to make our first $100 monthly payment to the seller we offered her $895 cash in exchange for our $2500 note She quickly accepted our offer Shorting our note from $2500
down to $895 lowered our purchase price from $5500 down to $3895 and increased our yield from 39 up to 5038
Over the years Kim and I have done a wide variety of creative deal structures Our favorite ndash and it happens to offer the highest yields ndash is Lonnie Deals
Comment on this article online at httpatlantareiacomp=19069
continued from page 1
Bill Cook 727-420-4810BillCook2009Gmailcom
wwwREIOutpostcom
Bill Cook is a full-time real estate investor speaker and author He specializes in single-family homes and mobile home parks Bill believes
that real estate investing especially the act of buying and holding rental property is the surest way to financial independence and wealth Bill and his wife Kim run North Georgia REIA where
they teach others how to successfully invest in real estate
Place Your Advertisement Here and Get Noticed
Sign up now and get your ad created by our design specialists for FREEThis introductory special is available for a limited time onlyIf you are ready to get started see our Advertising Rates in this issueThen call Christine Griffin at 678-701-7160 or email adminatlantareiacom
Mutiple Sizes Available
Buy a home like this at a (Actual Property Inventory May Vary)
Step-By-Step Real Estate SuccessAs Atlantas First Full Service Wholesaler We Can1 Find you the deal 65 of the after repair value (includes purchase
price and repairs)2 Provide a certified appraisal to validate value3 Finance the purchase price and repairs4 Have access to our in house contractors to complete repairs for you5 Use our selling agents to sell your beautiful renovated home6 Use our leasing agents if you prefer to buy and hold7 We have just taken all risk out of the deal for you
Goldmine PropertiesWhere Integrity amp Character Matter
WHoLESALE REAL ESTATE 65 LTV
Purchase Price amp Repairs are 65 of Certified After Repair Appraisal
Financing Available
SInCE 1996 WE HAVE WHoLESALED oVER 1700 PRoPERTIES
REnTAL PRoPERTIES 12-18 RoI with 35 Equity
THIS IS AS GooD AS IT GETS The most difficult and important aspect ofReal Estate Investing is finding the deal
ldquoTHIS IS OUR SPECIALTYrdquo
MIKE CHERWENKAmcherwenkaaolcom H wwwgoldminepropertiesnet
(Loan to Value)
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 14
Atlanta Real Estate Investors Alliance bull FEB 2013
PRAdO
Join us at the
Haves amp Wants MeetingEvery Thursday at 130pm 5 Seasons Brewing located at
5600 Roswell Rd in Sandy Springs at the Prado
Short Sales Are SailingBy Kimberlee Frank
Many Investors and Realtors avoid short sales like the plague They are definitely
missing the boat My business special-izes primarily in short sales and I have seen an increase in the number of ap-provals we are getting The time line for a short sale varies from 90 to 120 days if you submit the lender a ldquocompleterdquo short sale package Since short sales are dominating the market the Lenders are creating more streamlined processes to conduct smoother short sales If you do short sales then I am quite sure you have heard of the online system called ldquoEqua-torrdquo Equator allows all of the short sale paperwork to be processed electronically through one common venue versus tra-ditional and random faxes and emails Having a file processed online avoids the common objection from the short sale lender of ldquoWe didnrsquot receive the docu-mentsrdquo Effective January 1 2013 the newest lender that has started to use Equator is Chase The following lenders and servicers are presently using Equa-tor 1) Bank of America 2) Chase 3) Wells Fargo 4) GMAC 5) Nationstar 6) ASC 7) Carrington Mortgage and 8) Homeward Residential Services
The Equator System assigns applicable tasks to each party (Agent Negotiator Closer etc) including a deadline in which to complete each task I like the fact that the lenders can no longer say ldquoOh we never got that paperworkrdquo However I
donrsquot like the fact that they are tracking our information Nationstar has taken the collection of Buyerrsquos information to a whole new level They require all Buyers to fill out a loan application even though they most likely will not be using Nation-star as a lender This application has been mandatory and this has not been waived on any of my files If you are a Buyer on any property you are required to provide your name address telephone number DOB SS assets employment history and more This is regardless if you are purchasing for investment or personal use and if you are getting a mortgage or pay-ing cash
I believe that the lenders are collecting data against all Buyers and will soon share with each other how many deals each Buyer has purchased I had one student inform me that once he purchased over 10 properties from Bank of America he was no longer allowed to purchase any more in his name his wifersquos name or company name Therefore in the future when all lenders work as a team they will share all of this information and limit the amount of deals that an Investor can purchase Wells Fargo started using a system called Core-Logic approximately 2 years ago which al-lows them to simultaneously check to see who was applying for a mortgage at the same time they were conducting a short sale This caused Investors a hardship
even though they fully disclosed to Wells Fargo their intention to buy resell andor fix the property if they used my paper-work Many short sales were not approved at that time and many Investors had no idea WHY Some of the lenders frown on the fact that Investors are purchasing the property and would rather sell the house to a homeowner
You would think that the lenders since they are funded by Investors would un-derstand how we Investors work We donrsquot buy properties at full value as we are not going to live in the home This is a business and we canrsquot make the Sellerrsquos problem our problem by paying full value It is the Investors like us that are helping the lenders get money and not go under
Now is the time to purchase short sales and if you havenrsquot started you have 10 years to ride the wave so do it now Align yourself with a good Mentor and take flight just like many Investors around the world
Happy Sailing
Comment on this article online at httpatlantareiacomp=19030
Foreclosures gone WilD
Kimberlee Frank 407-888-3255KimberleeForeclosuresGoneWildcom
wwwForeclosuresGoneWildcom
wwwFacebookcomForeclosuresGoneWild
wwwLinkedincominKimberleeFrank
wwwTwittercomKimberleeFrank
Kimberlee Frank is a Master Negotiator who has closed over 600 deals since 1998 She is a Mentor Trainer Author and Real Estate Broker teaching Investors
and Realtors how to creatively purchase and sell short sales with her Step-by-Step System She has helped Investors and Realtors earn hundreds of thousands of dollars
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 15
Atlanta Real Estate Investors Alliance bull FEB 2013
Karen Bershad(770) 356-1234KarenSmallBusinessAdvisorbiz
wwwSmallBusinessAdvisorbiz
Karen Bershad is ldquoThe Small Business Advisorrdquo Most small business owners have a challenge handling all the different areas of
running a business The accounting can be a challenge particularly if the software seems overwhelming The Small Business Advisor is what you may need to get you to the next level of your business We work at your office or provide off site assistance in getting things under control by providing a wide variety of services that are specifically for the small business
How Do I Handle a Refundable Security Deposit in QuickBooksBy Karen Bershad The Small Business Advisor
It is the goal of this column to an-swer questions about QuickBooks and how it is used in the REI arena
Know how to record transactions in the proper way and have your set of books in good shape when it comes time for taxes It is our intention to do this by you the members submitting questions to Karensmallbusinessadvisorbiz and getting answers here in this column
Q I am having difficulty reconciling my bank account I have reviewed each entry and have found that several of my deposits do not match the amount the bank has for them How do I see all my detail on each deposit without click-ing on each one to open it
A Go to Reports ndash Banking ndash and look for a report called ldquoDeposit Detailrdquo It will give you line-by-line detail of your deposits in one report and you can com-pare that to what you have in the bank If you make copies of the checks for each deposit and put it with your deposit ticket on each one that will give you a paper back up of what you actually gave the bank This way if the bank made the error then you have details of what you produced to the bank
Q Why do I need to create sub accounts in my chart of accounts
A The Chart of Accounts is the main driver of the program If you have you accounts set up properly your reports ndash Income Statement and Balance Sheet ndash will be reflected properly You may want sub accounts for some of your ex-penses in particular to be able to see where certain money is being spent For instance ndash if you make sub accounts for Auto Expenses ndash Fuel Repairs amp Maint Tags Tolls amp Parking Insurance etc ndash you then can see that the total amount spent in that areas was not just Fuel which is expensive but you had a major repair done and therefore your compari-son to last year for the same time makes more sense
Q I received a ldquoRefundable Security Depos-itrdquo from my tenant How do I enter this into QuickBooks
A This is a Liability account that you will need to payout at some later date In your chart of accounts you should have a Liability account set up for Security De-posits Escrow ndash or some name that sets it apart from security deposits you paid that are owed back to you (which is an Asset) In the deposit window instead of showing this as income you should go to this special Liability account and book
it to that account When it is time to pay the tenant the money back less any damages if need be you will write the check out and expense it also to this Li-ability account to clear the money from the account
Comment on this article online at httpatlantareiacomp=19023
the QuickBooks Quickie
When yoursquore ready to get started see our Advertising Rates in this issue and then call Christine Griffin at 678-701-7160 or email adminatlantareiacom
httpatlantareiacomthe-profitadvertising-rates
If yoursquore looking to reach the Real Estate Industry here in the Greater Atlanta Metro Area and throughout Georgia you canrsquot do better than The PROFIT Your ad will reach more than 10000 each month with your message Our production teams are among some of the best designers in the country We make you look GOOD
Advertise Your Business in The Profit
American IRA Wants to be a Value Added Service to You or Your Business
Contact our office for any self-directed IRA questions you have or for a free consultation
1-866-7500-IRA(472) or infoamericaniracom
P We do business the old fashioned way At American IRA we pick up the phone
P We offer personalized service catered to each of our clientsrsquo needs
P We provide educational articles live webinars and many other resources
P We have experienced IRA instructors who are available for speaking engagements
P We provide joint webinars which allows you to high-light your services
P We provide free copies of your webinar in CDDVD format for you to promote your services
P We have a resource page on our website to list your services on (certain restrictions apply)
P We are experienced in investinghellip we understand your investment language
wwwAmericanIRAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 17
Atlanta Real Estate Investors Alliance bull FEB 2013
Business By the Book
Greed In Business = Trouble In The Family By Erven Kimble
The relentless drive to acquire the elusive ldquoAmerican Dreamrdquo is what fuels many business profes-
sionals To many in pursuit of the worldrsquos definition of success means ldquogetting more and morerdquo ldquoclimbing the corporate ladder at all costrdquo or perhaps it means ldquothe end justifies the means no matter whatrdquo This kind of ill-advised pursuit requires that a person disconnect other areas of life that makes significant demands on their time and attention One way to separate these distractions is to departmentalize them
Highly motivated entrepreneur and busi-ness professionals often compartmentalize their professional interests from the rest of their personal lives Many ldquogo-gettersrdquo tend to divide their lives into these differ-ent compartments and make decisions as if they are not interconnected For many their thoughts about church religion matters concerning God and the Bible or even their family have little or nothing to do with their day-to-day business decisions and activities that are required to be suc-cessful They rationalize that these differ-ent compartments neatly and separately co-exist For instance one might
bull Define things as being secular versus spiritual
bull Make clear distinctions between that which is personal as opposed to the professional matters
bull Or draw a big distinction between their family life and their business life
The truth of the matter is that God does not view our lives as being compartmen-talized A Biblical view sees the secular as spiritual and our professional and personal lives co-existing in the same space The
actions and the decisions that we make at the office effects what happens at home Whether a person realizes it or not deci-sions and practices in the work place have a direct impact on what happens back on the home front
The relentless drive to get more and more in the workplace is called ldquoGreedrdquo Greed is flaw that ultimately brings distrust and dishonor to all those involved A person in pursuit of unmerited gain is a continuous source of grief for themselves as well as their families Greed and covetousness leads men and women to habitually want more than their share As a results the progres-sive overflow of greed leads to bribes and the kickbacks Bribes and kickbacks are a perversion of justice a misrepresentation that ultimately breeds distrust and dishon-or to all those that are involved including all family members who bear their name
Those who refuse to be involved in these ungodly practices
will find longevity and prosperity
There is energizing freedom and great gratification in honesty that translates into the idea of establishing a legacy Business-men and businesswomen that strive to operate an honest business not only live well themselves they also leave a proud heritage to their children Conversely the foolish and fraudulent leave an inheritance of misery
ldquoThe good people who live honest lives will be a blessing to their childrenrdquo (Pr 207)(NCV)
A familyrsquos religious passion will produce the familyrsquos long-term qualities In other
words the children of ethical parents are the recipients of the divine favor of God The family traits model behavior that is mimicked by the children and ultimately the advantages or the hazards are experi-enced by the next generation When there are models of godly parents who live out their Christian beliefs the children are challenged to become wise themselves
Thoughts to Ponder
I Have you ever considered your business decisions would directly impact your family
II What legacy are you preparing to leave your children or family
III Have you considered the long term generational effect of your business practices
Comment on this article online at httpatlantareiacomp=19001
God does not view our lives as being compartmentalized
ldquoGreedy people bring trouble to their families but the person who canrsquot be paid to do wrong will liverdquo (Pr 1527)(NCV)
Erven Kimble 404-606-8909ElegantHomesLLCYahoocom
wwwPeopleWhoBuyHousescom
wwwFacebookcomEAKimble Erven Kimble is an accomplished pastor teacher author community leader licensed Christian Counselor and Real Estate entrepreneur Erven is a visionary that has faithfully
served as the Senior Pastor of a local church in Lilburn Georgia for twenty years
The author searched the Book of Proverbs and Psalms and extracted wisdom that reference business and finances to produce the series of articles called Business By The Book The purpose of these articles is to present time tested and proven Biblical principles in a way that is practical relevant and beneficial to the average business person
HOME INSPECTION
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major systems InspectIon$60 per Home amp one page summary report
Great for Rehabs
Investor major systems InspectIon25 of your Fees are credited toward
A Full Home Inspection
Investor InspectIon prIcIng on FUll InspectIons
bull 1st Home regular pricebull each Inspection accrues an additional
5 discount on Inspections 2ndash5bull Inspections 6 and beyond are 25 OFF
REI SPECIALS
bull FRee 90-day Home warranty wItH every complete Home InspectIon
bull FRee recall cHeck on applIcances and mecHanIcal components oF tHe Home wItH FRee Updates For lIFe
bull 30-DayanD72-DayBuyersInspectIonprotectIon plans (Ask Me FOR DetAIls)
bull reportsprInteDon-sItewIthIntheQUoted tIme - GuARAnteeD
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bull 247 onlIne scHedUlIng and docUment sIgnIng
bull FRee repaIrs re-InspectIon and InspectIon Update
bull FRee consUltIng For lIFe vIa pHone emaIl and skype
bull BOnDeD amp InsuReD wItH errors and omIssIons InsUrance
Visit wwwPetesFriendlyHomeInspectioncom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 19
Atlanta Real Estate Investors Alliance bull FEB 2013
Caution Landlords Accepting Money After Filing An Eviction Impacts Your RightsBy Attorney Jon David W Huffman
Landlords often have mixed emo-tions when their tenants call and offer them money after a dispos-
sessory warrant (an eviction) has been filed On one hand landlords are in the business of collecting rent However they worry how it may affect moving forward with the eviction Accepting a payment after an eviction is filed does af-fect your rights
Residential Landlords
A residential landlord has a duty to ac-cept a payment from a tenant who is in default if and only if the tenant tenders ldquoall rents allegedly owed plus the cost of the [eviction]rdquo1 However the tenant can-not wait until the last moment to do this They must tender the full payment within seven days of the day they were served the eviction paperwork2 There is no need to worry about a tenant doing this perpetu-ally because a landlord is only obligated to accept this type of payment once per year3 Making this payment provides a complete defense to the eviction and upon receipt a landlord should dismiss the eviction
If a residential tenant offers a partial pay-ment however BEWARE A residential landlord who accepts a partial payment from a tenant after an eviction has been filed waives his right to continue with the eviction and admits the continuance of the lease4 In simple terms the eviction fails and the landlord must start the eviction process over if he wishes to evict the ten-
ant It does not matter when the partial payment is made ndash whether one hour after the eviction is filed or five minutes before the eviction trial Thus the landlord must either reject the partial payment or if ac-cepted he must restart the eviction process
Commercial Landlords
Perhaps unsurprisingly the law on ldquonon-residentialrdquo or commercial leases allows more freedom to contract
A commercial tenantrsquos right to tender past due rent and the dispossessory fee can be contractually waived5 Indeed in many commercial real estate leases this right is waived All commercial landlords should have an attorney review their lease to en-sure that they have the right to regain possession of their property upon default without giving a tenant the right to pay the past due rent and dispossessory fees
Following the freedom-to-contract prin-ciple a commercial landlord can accept a partial payment without waiving his rights to evict Under OCGA sect 44-7-52(c) a commercial landlord is free to take a par-tial payment and continue the eviction process unhindered Of course any money received would offset the landlordrsquos dam-ages So commercial landlords cash that check and keep on going
Disclaimer The information contained in this article is for informational purposes only and is not legal advice or a substitute for legal counsel
It does not constitute advertising or solicitation The information in this article may or may not reflect the most current legal developments ac-cordingly this article is not guaranteed to be complete and should not be considered an indi-cation of future results
Comment on this article online at httpatlantareiacomp=19013
1 OCGA sect 44-7-52(a)2 Id 3 Id4 Gay v American Oil Co 115 Ga App 18 153 S E 2d 612 (1967)2 Id3 Id4 Gay v American Oil Co 115 Ga App 18 153 S E 2d 612 (1967)5 Hardwick v 3379 Peachtree 184 Ga App 822 824 363 SE2d 31 (1987)
real estate legal report
Jon David Huffman 404-373-4008 x 304JonDavidPooleLawGroupcom
wwwPooleLawGroupcom
wwwJonDavidHuffmancom
Jon David Huffman is a litigation attorney specializing in real estate disputes business disputes and commercial collections With
more than a decade of experience managing small businesses before attending Emory Law School he brings a business ownerrsquos perspective to the practice of law
wwwMeetUpcomAtlantaREIA
Join us on Meetup and RSVP for the meetings you will be attending
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 20
Atlanta Real Estate Investors Alliance bull FEB 2013
With each New Year comes new ventures More and more often investors have
to expand their investment territories in order to stay active As technology con-tinues to make the world a smaller place many investors are also looking at invest-ing in different states and some in differ-ent countries By doing this the amount of inventory increases dramatically if you make the right contacts At the same time if you work with investors that are open in investing out of state or in different coun-tries you have the ability to sell more
With all this said it is not always as easy as it may sound whether you are the buyer or seller As the buyer you need to make a trip to the new area you are looking to invest in The reason to do this is obviously to learn the market but secondly to make a few key contacts in the area The main contacts you need to make are a few wholesalers real estate agents contractors a title company and property management if you are look-ing for rentals Not only will these contacts help you in their area of specialty but they can also be go-to people for a second opinion on any potential deals In order for this to be a win-win situation you want to use these contactsrsquo services For example if you ask a contractor to verify repair cost on a home you should use himher for that project
The suggestions mentioned above also ap-ply to those looking to sell properties out-side their local area of expertise If you are teaming up with a local in a new area make sure you are working with someone that can answer questions experienced investors will need answered Keep in mind that just because someone tells you a property is a good deal to invest in does not mean it is
You may be marketing a property that you would normally not market Even worse you may end up selling a property that you would not have sold if you knew the market better Investors will typically follow you into another statecountry if you have been part of their success in their local market Investors should do their own due diligence but you should do your own before even marketing that deal otherwise you will lose credibility You may not only lose credibil-ity in the new market but also in your local market You can also lose money that you have out for a due diligence period andor earnest money if you discover that you con-tracted a dud Remember the importance of closing once you have a contract in place
Before venturing into a new market make sure you at least make the contacts men-tioned above Let them know your inten-tions of investing andor selling in their area soon but are currently familiarizing yourself with the market This will prevent them from thinking of you as just another window shopper Remember that if you create a win-win-win situation your success will continue to grow
Comment on this article online at httpatlantareiacomp=19041
FroM contract to closing
New TerritoriesBy Michael Vazquez
Michael Vazquez 678-951-9222MichaelPVazquezGmailcom
Michael Vazquez has been offering properties to real estate investors significantly below market value since 2006 in both Texas and Georgia
Michael is always looking to for more investors to work with
Solutions that help you Make More
Work LessUse your iPad iPhone or other mobile device anywhere tohellip
H Find comps and rental rates
H Sign and send contractsH Plan your entire rehabH and so much more
Check it out noW5 Day Trial for only $1
Make More Work LessGo To
MobileRealEstateRockstarcomAtlanta-REIA
Keep up to date with our latest opportunities by joining us on Twitter at wwwTwittercomAtlantaREIA
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 21
Atlanta Real Estate Investors Alliance bull FEB 2013
Every New Yearrsquos Day people consider what they want to ac-complish in the following year
Well we are now 30 days into 2013 and I am sure that you have reflected on 2012 What resolutions did you follow to success What results have you seen from last yearrsquos work
At the beginning of 2013 I reflected on what I considered success Like many of you I realized that I want to improve my monetary financial relationship and problem-solving skills because these lead us to success What is success in 2013 ACHIEVING MORE OF YOUR GOALS
We all know that success in our busi-ness means learning new tricks tips and techniques We must accumulate knowledge and power We must achieve a superior capacity to think and act effectively through presentations best practices and strong strategies We must have a highly competitive advantage a platinum value But how do we strengthen the skills that we MUST have
The ONLY way to achieve this is through what I call PAC Planning Accountability and Consistency
Planning
Planning means success Planning means that you will be prepared to react logically You will be able to carefully consider the market environment re-lationships and finances Planning sets you up for control of your own success
Because Irsquove been in this business for so long one of the many things I can tell you is an easy way to plan-- measure what you are doing Here is how
bull Graph your numbers once a week
bull Reflect on your graphmdashAre your ef-forts showing success
- If not change your strategy
- If so reflect on what you have done and decide how to do it even better
For example wanting to earn $200000 a year is my goaldesired outcome To do this I will work backwards from the goal to the actual steps and processes needed to allow me to achieve the goals These steps are the action plan
ONLY when we know our goals can we outline the steps to get there Only then can
we follow the steps and make adjustments
Accountability and Consistency
Do you make time for your success or do you need support to be consistently accountable to your goals your plan and yourself
This is where I come in I can coach you with your plan accountability and con-sistency PAC
Irsquod like to share some of my action steps for 2013mdashthese are examples of action steps that as your coach I can help you to create plan and execute As your coach I can help you increase your ex-pertise with goals like these by helping you to use the PAC principles
1 Increase my profitability by using my resources effectively and ef-ficiently Example Limit events tasks and time with people which donrsquot align with my goals or which canrsquot be satisfied
2 Create systems situations and op-portunities to meet and present to qualified customers Goal Meet new customers 20 of the time
3 Focus 100 on my emotional physical and mental focus What can I do
4 Debrief after events to increase my expertise
Consistent effort energy time use of resources and learning will allow me to achieve my goals It will help you toomdashif you apply PAC
With PAC and my assistance you can eliminate sabotaging behaviors and be-
hoW to Be a real estate investor
2013 A Year of Achieving Your Goals with PAC By Russ Hiner
Join us for
LATE nITE nETWoRKInGat the Meeting-After-the-MeetingWe meet at the Tilted Kilt Perimeter located 1155-B Mount Vernon Highway in Atlanta right after our Atlanta REIA Main Meeting
PERIMETERcontinued on page 23
Attend Russrsquos Creative Deal Structuring on Feb 9th at 7PM
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 22
Atlanta Real Estate Investors Alliance bull FEB 2013
Welcome back If you read Part One of this article you know that we covered the
other different types of popular real es-tate deals that most people do and the biggest problems with them these days Then we talked about how advantageous it is to do the new type of deals Whole-saling Pretty Houses
But we still have a few important things to cover so letrsquos pick up where we left offhellip
Once you agree on the deal amp terms with the seller you get all the paperwork signed amp closed at either a title compa-ny or attorneyrsquos office No exceptions Yoursquoll want that legal backup in case the seller conveniently forgets what they agreed to later
So now yoursquove got a deal under contract amp all the paperwork signed What now Simple You get it lsquosoldrsquo as an oppor-tunity to a tenant buyer who 1 Has a decent chunk of money to put down (typically $5000+minimum) and 2 Can afford the existing monthly mort-gage payments
For example letrsquos say you have a house worth $250000 The seller owes $260000 with monthly PITI payments of $1550 amp theyrsquore current The house needs little to no repair amp is in a great neighborhood where people want to live The seller just wants to walk amp realizes
that there is NO money to be made on this deal obviously
So at a glance it looks like this
ARV $250kOWE $260k PAYMENT $1550 PITI
currentREPAIRS $0ASKING $0 Just wants out (for what-
ever reason eg job x-ferloss divorce etc)
So you SELL the house on a Lease Purchase (aka lsquoRent to Ownrsquo) to a tenant buyer who falls in love with the house has at least $5000 to put down as Non-Refundable Option Consideration and can easily af-ford the $1550 monthly payments (plus utilities HOA etc obviously)
You arrange the closing at the title compa-nyattorneyrsquos office (have the tenant buyer pay their fee) and collect your check
hellipAND YOUrsquoRE DONE You are OUT of the deal from this
point forward
So what just happened And why would you WANT to be OUT of the deal after that
Good question Letrsquos recap shall we
You found amp negotiated a deal on a house with little to no equity that no one else would touch You solved the sellerrsquos prob-
lem amp they love you for it You then went amp found a tenant buyer who couldnrsquot buy a house now if their life depended on it (in most cases) and gave them an honest op-portunity to eventually buy this beautiful house in a beautiful neighborhoodhellip even if their credit is terrible
(NOTE The worse their credit is the more you should collect as a downpay-ment )
After that the tenant-buyer should just make the monthly mortgage pay-ments as rent There are a few options on how they can do this 1 Pay directly to the seller 2 Pay directly to the mortgage company 3 Pay to a 3rd-party paymentescrow company I highly suggest doing the 3rd so everyone can be sure the pay-ments are made on time There are several companies that will provide this service for you for a nominal fee ranging from $5 to $50mo Check around for more informa-tion on that
So herersquos the next big question WHY would YOU as the investor want to be DONE with the deal after that Why wouldnrsquot you want to get the deed or stay in the deal
Herersquos the answer You WOULD want to stay in the deal (and maybe get the deed)hellip IF
IF the seller has equity IF the house is go-ing UP in value Or IF the mortgage pay-
The Best Deals To Do in Real Estate in 2013 amp Beyond ndash Part 2By Tony Pearl
pearls oF WisDoM
NGaREIANorth GeorGia reia MoNthly MeetiNG
2nd Thursday of Each Month at 700 PMat the Hilton Garden Inn
Cartersville GA
See httpREIOutpostcom for more information
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 23
Atlanta Real Estate Investors Alliance bull FEB 2013
ments are LOW and the rent is HIGH Those are some great examples of why you WOULD want to remain in the deal
But IF the opposite is true you should simply collect your down payment from the seller amp assign that deal that you just lined up Wait a minute Assign the deal WHO would you assign the deal to
Irsquom smiling as I write this and hopefully you will too as you realize the obvious
You ASSIGN the deal right back to the SELLER of the house Does that make sense
When the house goes back up in value amp the tenant buyer is ready to buy guess what
Theyrsquoll buy directly from the seller And you explain all that to everyone involved in the deal
This Type Of Deal Is Tremendously Advantageous
To You When
bull Houses in that area are still declining in value
bull If the seller simply owes too much
bull Or if you just want an easy-in easy-out type of simple deal to do that still quickly puts thousands of dol-lars in your pocket without any risk or rehab
In the example above you got a check for (at least) $5000 pretty quickly and you donrsquot have to deal with the tenant-buyer or the seller ever again if you donrsquot want to In Out Paid Done Simple
Of course there are some important de-tails in the middle that you should learn If these types of deals make sense to you and you would like to learn more either ask your local REIA leader to get more information for you or drop me a line Irsquod love to help
So there you have it I believe that wholesaling pretty houses is one of the best types of deals you can be doing in 2013 amp beyond Itrsquos quick amp easy and there are plenty of deals like that out there now Best of all therersquos VERY little competition to do this For now
Hopefully your competition wonrsquot read this article
Until Next Time
Tony Pearl
Comment on this article online at httpatlantareiacomp=19037
Tony Pearl202-556-0670TonyTonyPearlcom
wwwTonyPearlcom
wwwFacebookcomTonyPearl
wwwTwittercomTheTonyPearl
wwwYoutubecomTonyPearl
Tony Pearl is an entrepreneur copywriter proud father mentor marketing consultant and talented teacher who resides in the Washington DC area He
has traveled to over 26 countries speaks 4 languages and continues to travel extensively He has been a professional Ballroom and Latin dance instructor competitor and exhibitor for over 19 years As a Real Estate Investor Tony has bought and sold over Ten Million dollars worth of real estate and has been educated by and associates with the best
Russ Hiner 404-660-4289RussRHinercom
wwwRHinercom
wwwFacebookcom1RHiner
Russ has been investing in real estate in Atlanta Georgia since 1981 His company currently controls apartment buildings and single-family properties in Georgia and
other states His focus is on raising private capital through Hedge Equity LLC
Russ invests everyday His knowledge and experience is current in the market He is capitalizing on the needs wants and desires of the customer He has a deep level of experience in building relationships with vendors investors tenants sellers and qualified buyers He has the knowledge to negotiate contracts manage rental properties and make his co-investors wealthy He enjoys taking properties which are virtually destroyed renovating them and creating a better community
come accountable Being accountable will lead to success which will give you the confidence to take responsibility for your greatness Confidence is liberating It leads to increased passion for your work With renewed passion 2013 can be your year of commitment and success With renewed energy you can follow your Plan that will lead you to Consis-tency Accountability and SUCCESS
So itrsquos 2013 You have goals
Will you use the same techniques that you did in 2012 Or will you join me and others whom Irsquove worked with in using new tools and renewed energy
What is the action step to begin plan-ning What should you do to help you remain on track
What can you do to make 2013 a differ-ent year for you a year of success
I am looking forward to meeting you and helping you on your way to a suc-cessful 2013
Comment on this article online at httpatlantareiacomp=19035
Achieving Your Goals with PAC cont from p21
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 24
Atlanta Real Estate Investors Alliance bull FEB 2013
How to Quickly Get 10 to 15 Good Rental Properties Paid For Free and Clear By Larry Harbolt
creative Financing is king
Larry Harbolt 727-420-4810LarryHarboltGmailcom
wwwLarryHarboltcom
wwwFacebookcomLarryHarbolt7
wwwTwittercomLarryHarbolt Larry Harbolt is the nationrsquos leading creative Seller Financing expert as well as a popular national real estate speaker and teacher whose time-
tested strategies and nuts and bolts teaching style has helped thousands of aspiring real estate entrepreneurs realize their financial dreams with little or no money and without the need for credit Larry has been successful creatively buying and selling real estate for over 30 years and has written numerous popular articles and real estate courses Larry also has been running a meetup group in St Petersburg FL for real estate investors for over 13 years
We are already in the second month of 2013 and I just had a conversation with one
of my students who wanted to know how to create wealth in the shortest possible pe-riod of time The following is my idea how wealth for any real estate investor can be created in the shortest period of time
Here is an example of how you can quickly achieve financial freedom and then wealth investing in real estate
For instance the first thing you need to do is buy 10 to 15 well selected income pro-ducing properties you are willing to keep long term as your retirement program and the base of your future wealth I personally love the thought of someone else having to go to work every day to earn money they give me in the form of rent each month that pays for my properties without me having to have a job or have to go to work every day Then once you have bought your 10 to 15 keeper rental houses in good neighborhoods with tenants who are pay-ing on time every month letrsquos say $1000 each month of which $520 goes for the monthly loan payment and after monthly expenses of property taxes property insur-ance a maintenance fund and a vacancy fund leaves you from the $1000 gross rent approximately $150 each month to put into your pocket Letrsquos say for each of your keeper rental properties you paid $88000 with very little money down and were able to get seller financing terms for 30 years
Then once you get those 10 to 15 houses free and clear with no debt each month you get to keep the entire $1000 from each house (less taxes and insurance and main-tenance costs) leaving you about $600 to $650 from each house each month Ten houses at $600 each equals $600000 each month paid directly to you to pay your bills Some of you might need 15
houses to achieve your goals If you have 15 houses x $600 net each month will give you $9000 per month income to cover your monthly expenses Once you have that much coming in each month you will have financial freedom but not yet wealth Wealth comes over time Let me show you how to get your properties free and clear in the shortest period of time
Getting Your 10 to 15 Houses Free and Clear In a Short
Period of Time
After you have your base of 10 to 15 houses bought then each year go out and buy an additional 10 to 15 houses The additional 10 to 15 houses you buy each year can be rehabbed and then sold If you were to take all of the profits from the sale of each of the additional 10 to 15 houses (after paying the taxes) and use the money you have left to pay off one or two of the loans on the houses you plan to keep and you did this over and over for a few years your base of rental properties would soon be com-pletely paid for and you would then have enough income coming in each month to be financially free
This is definitely a plausible and possible plan to become financially free in the short-est period of time Once you have done this you will then have more time and money to continue to buy even more houses sim-ply because you will have enough income each month coming in so you donrsquot have to go to a job you hate every day
Once all of your base of income produc-ing properties are completely paid for and are free and clear you will probably truly be a millionaire If you have 15 properties valued at $80000 that are free and clear your net worth will be $80000 X 15 = $1200000 Now you are wealthy
You Must Have a Wealth Building Strategy to Be
Successful
This is how true wealth is created over time People who only wholesale property for a living are not true investors -- they really have a job When a wholesaler buys a property and then passes it on to another person and they get paid a fee that money will be quickly spent and they then have to go out and find another property to whole-sale again so they can get another fee To me thatrsquos a job and I donrsquot want another job I want financial success
If you plan to be a successful real estate in-vestor and create the wealth you want it is going to be very important that you are able to recognize opportunity when it pres-ents itself It took me nearly 25 years to figure this out for myself and that is why I am sharing this information with you now so you can more quickly achieve financial freedom and your eventual wealth
Comment on this article online at httpatlantareiacomp=19032
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
Atlanta Real Estate Investors Alliance bull FEB 2013
Join our Mobile Real Estate Investor VIP ListJust text ATLAnTA to 404-996-1099Standard text message rates apply
Follow us online from your mobile phone at httpAtlantaREIAcom httpFacebookcomAtlantaREIA httpTwittercomAtlantaREIA httpYoutubecomAtlantaREIA httpMeetupcomAtlantaREIA
Want to stay plugged in and connected to Atlanta REIA from
your mobile device
Subscribe to The Profit Newsletter amp Email list at httpSubscribeAtlantaREIAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
For a Limited Time
Wersquore Sharing our Design Firm with our Advertisers
GROW YOUR BUSINESS TODAY placing an ad in The Profit and our design firm River City Consulting will design your ad for FREE Wersquoll also provide you with the digital file to use online and to have printed to use as promotional flyersMinimum 3-month Obligation
When yoursquore ready to get started call Christine Griffin at 678-701-7160 or email adminatlantareiacom
SEE THEIR WORK IN amp ON
AAttllaannttaa RREEIIAA MMeemmbbeerrsshhiipp AApppplliiccaattiioonn Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560
Atlanta REIA Use Only Member ____________ Exp Date ____________ ID Card Printed Sent _________
Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560 rev 1282011
Membership Plans - Choose a Membership Plan
Silver Membership for Individual $100year
Silver Membership for Couple $150year
Gold Membership for Individual $300year
Gold Membership for Couple $300year
Applicant Information - Please print clearly
Applicant 1 Applicant 2
Address
Phone 1 Phone 2
Email 1 Email 2
Sponsor (if applicable)
Payment Information - Please print clearly
Name on Card Total Amount $
Billing Address
Card Type Visa Master Card Discover American Express
Card Number Expiration Date Code
Terms of Sale Disclaimer amp Release The undersigned Applicant(s) hereafter called the Applicant understands and acknowledges that membership in the Atlanta Real Estate Investor Alliance hereafter called Atlanta REIA absolutely does NOT entitle nor make Applicant a legal member of Atlanta REIA LLC the company Applicant acknowledges that Atlanta REIA does not render legal tax economic or investment advice All programs are provided with the understanding that Atlanta REIA is not engaged in rendering legal tax or other professional services If legal tax or other expert assistance is required the services of a competent professional should be sought Atlanta REIA does not investigate its members nor vouch for nor make representation as to the honesty integrity reliability motives andor resources of its members officers directors employees agents and or contractors The Applicant in consideration for hisher acceptance as a member of Atlanta REIA hereby releases discharges and agrees to indemnify Atlanta REIA its officers directors members employees agents andor contractors from any liabilities now accrued or which may hereafter accrue from their actions inactions or communications made by Atlanta REIA andor officers directors members employees agents andor contractors in or through their respective capacities with Atlanta REIA Applicant agrees to comply with the terms and conditions described herein the Code of Ethics and any other terms described on our website at AtlantaREIAcom as well as any other Atlanta REIA rules and regulations Applicant agrees and acknowledges that Atlanta REIA may enforce these codes terms rules and regulations at its sole and absolute discretion and may terminate this membership at any time for any reason whatsoever Applicant grants to Atlanta REIA its representatives and employees the right to take photographs video or audio of Applicant and Applicants property Applicant authorizes Atlanta REIA its assigns and transferees to copyright use and publish the same in print andor electronically Applicant agrees that Atlanta REIA may use such photographs video and audio of Applicant with or without Applicants name and for any lawful purpose including but not limited to publicity illustration advertising and web content Applicant grants permission to Atlanta REIA to contact Applicant regarding membership and related business by phone fax email text message chat programs social networking automated voice broadcast dialers or any other means necessary By completing this application Applicant agrees to give Atlanta REIA permission to bill the credit card above for the membership plan selected above Applicant acknowledges and agrees that the term of membership is one (1) year and that billing for membership will be automatically renewed for one (1) year upon expiration at the then current membership rate and that the appropriate charges be applied to Applicants credit card on file Should Applicant decide to cancel membership a written notice of cancellation must be emailed faxed or sent via postal email to Atlanta REIA at the address email or fax below thirty (30) days prior to the next billing or renewal period Atlanta REIA must acknowledge receipt of this written cancellation notice for it to be valid Membership dues are NON-REFUNDABLE for any reason whatsoever Applicant promises NOT to initiate any refunds or credit card charge backs for these membership dues and related charges at any time Applicant agrees that Atlanta REIA may change the terms of this Agreement or its membership dues at any time by posting such changes to our website at AtlantaREIAcom By continuing membership Applicant agrees to be bound by such changes Applicant will send all written notifications to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 Fax 770-216-1560 Email noticesatlantareiacom With my signature I accept the Terms of Sale Disclaimer amp Release and I authorize Atlanta REIA LLC to charge my credit card for the membership plan above as well as total recurring amount shown I further acknowledge that these membership dues are non-refundable
Applicant 1 (sign) Applicant 2 (sign)
(print) (print)
Date Date
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 27
Atlanta Real Estate Investors Alliance bull FEB 2013
Atlanta REIA Meetings CalendarhttpAtlantaREIAcomMeetings
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
3rd Wednesday of Each MonthLate Nite Networking Buford900 PM ndash Late NiteTilted Kilt 3480 Financial Center Pkwy M1080 Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
3rd Thursday of Each MonthSavannah REIA630 PM ndash 900 PMGallery Espresso234 Bull St Savannah GALeader Aislee Jacksonhttpsavannahreiacom
4th Monday of Each MonthAtlanta REIA West Meeting630 PM ndash 900 PMCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Monday of Each MonthLate Nite Networking Marietta900 PM ndash CloseCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Tuesday of Each MonthNote Buyer Group Meeting630 PM ndash 830 PM Olive Garden 2467 Cobb Parkway SE Smyrna GALeader Tom Boyerhttpnbgatlantareiacom
4th Thursday (Once Per Quarter)Beginning Investors Group Meeting (BIG)630 PM ndash 900 PMChef Robrsquos Caribbean Cafe 5920 Roswell Rd NE A117 Sandy Springs GALeader Alan McDonaldhttpbigatlantareiacom
4th Thursday of Each MonthCash Cows Commercial Group1130 AM ndash 100 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GAhttpcashcowsatlantareiacom
Meets at Various Times Each MonthCash Flow Players Group MeetingTo Be AnnouncedSecrets Factory 2030 Powers Ferry Rd SE 440 Atlanta GALeader Alan McDonaldhttpcashflowatlantareiacom
2nd Wednesday of Each MonthSpanish Investors Networking Group (SING)630 PM ndash 830 PMTaco Depot 4788 Sugarloaf Pkwy 107 Lawrenceville GALeader Michael Vazquezhttpsingatlantareiacom
2nd Wednesday of Each MonthI Love Marketing Group700 PM ndash 900 PMSocial Vinings 3621 Vinings Slope SE Atlanta GALeader Rock Shukoorhttpilmatlantareiacom
2nd Thursday of Each MonthAtlanta REIA South Meeting630 PM ndash 830 PMGiovannarsquos Italian Kitchen 1375 Virginia Ave East Point GALeader Reggie Jackson amp Gordon Cattshttpsouthatlantareiacom
2nd Thursday of Each MonthNorth Georgia REIA700pm - 900pmHilton Garden Inn Cartersville 24 Liberty Drive Cartersville GALeaders Bill amp Kim Cookhttpreioutpostcom
2nd Thursday (Once Per Quarter)Small Business Group (SBG)330 PM ndash 530 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Karen Bershadhttpsbgatlantareiacom
3rd Monday of Each MonthMovers amp Shakers Lunch Meeting1100 AM ndash 130 PM5 Seasons Brewing3655 Old Milton Parkway Alpharetta GALeader Gordon Cattshttpmoversandshakersatlantareiacom
3rd Tuesday of Each MonthGwinnett County Group (The Fish Club)700 PM ndash 900 PMRed Lobster2055 Pleasant Hill Rd Duluth GALeader Aaron McGinnishttpfishclubatlantareiacom
3rd Wednesday of Each MonthAtlanta REIA North Meeting630 PM ndash 830 PM1960 Skylar Hill Dr Suite D Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
February 4th 2013Atlanta REIA Main Meeting530 PM ndash 900 PM Crowne Plaza Ravinia Hotel4355 Ashford Dunwoody Atlanta GA Leader Dustin Griffinhttpmainatlantareiacom
1st Monday of Each MonthLate Nite Networking Dunwoody930 PM ndash Late NiteTilted Kilt 1155-B Mount Vernon Hwy Atlanta GALeader Lee Buddenhttpmainatlantareiacom
1st Monday (Once Per Quarter)Mobile Real Estate Rockstars Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Don DeRosahttprockstarsatlantareiacom
1st Monday (Once Per Quarter) Short Sale amp Foreclosure Group300 PM ndash 530 PMTotal Wine amp More124 Perimeter Center W Atlanta GALeader Bob Masseyhttpssfatlantareiacom
1st Monday (Once Per Quarter)Active Investors Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Gordon Catts
1st Tuesday of Each MonthMountain REIA630 PM ndash 900 PMGolden Corral 2025 Market Place Blvd Cumming GALeader Gordon Cattshttpmountainreiacom
1st Wednesday of Each MonthCreative Deal Structuring Group (CDS)700 PM ndash 900 PMWhitehall Tavern 2391 Peachtree Rd NE Atlanta GALeader Russ Hinerhttpcdsatlantareiacom
Every Thursday (Except Major Holidays)Have amp Wants Meeting130 PM - 330 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Joe Thompsonhttphavesandwantsatlantareiacom
Next Meeting March 28th
Next Game on Sat Feb 9th
Meets Monday Feb 4th
ATLANTA REIA CALENDAR OF EVENTSFEBRUARY 2013
SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
Movers amp Shakers1100am - 130pm
Gwinnett County Group (The Fish Club) 700pm ndash 900pm
I Love Marketing Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pm
Mountain REIA630pm ndash 900pm
Atlanta REIA MAIN MEETING with Bill Cook
530pm ndash 900pmMobile Real Estate Rockstars Group 300-500pm
Creative DealStructuring Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pmAtlanta REIA South Meeting630pm ndash 830pmNorth Georgia REIA700pm - 900pm
NEWSLETTER dESigN PRovidEd by
SNEAK PEEK FOR MARCHMAR 4 ATLANTA REIA MEETING
APR 1 ATLANTA REIA MEETING WITH JAY CONNER
APR 27 FULL DAY WORKSHOP WITH JAY CONNER amp RON LEGRAND
Haves amp Wants Meeting130pm - 330pm
Cash Cows Commercial Group1130am - 100pmHaves amp Wants Meeting130pm - 330pm
Atlanta REIA West Meeting630pm ndash 900pmLate Nite Networking Marietta900 PM ndash Close
Note Buyer Group Meeting 6300pm ndash 830pm
Atlanta REIA North Meeting630pm-830pmLate Nite Networking Buford900pm - Late
Grow Your Wealth With The Financial
Calculator Workshopwith Bill amp Kim Cook
900am - 500pmCartersville GA
Wealth Building Using Self-
Directed IRAswith Dyches Boddiford amp
Pete FortunatoAtlanta GA
- FB
- YT
- MU
- Button 34
- Button 72
Buy a home like this at a (Actual Property Inventory May Vary)
Step-By-Step Real Estate SuccessAs Atlantas First Full Service Wholesaler We Can1 Find you the deal 65 of the after repair value (includes purchase
price and repairs)2 Provide a certified appraisal to validate value3 Finance the purchase price and repairs4 Have access to our in house contractors to complete repairs for you5 Use our selling agents to sell your beautiful renovated home6 Use our leasing agents if you prefer to buy and hold7 We have just taken all risk out of the deal for you
Goldmine PropertiesWhere Integrity amp Character Matter
WHoLESALE REAL ESTATE 65 LTV
Purchase Price amp Repairs are 65 of Certified After Repair Appraisal
Financing Available
SInCE 1996 WE HAVE WHoLESALED oVER 1700 PRoPERTIES
REnTAL PRoPERTIES 12-18 RoI with 35 Equity
THIS IS AS GooD AS IT GETS The most difficult and important aspect ofReal Estate Investing is finding the deal
ldquoTHIS IS OUR SPECIALTYrdquo
MIKE CHERWENKAmcherwenkaaolcom H wwwgoldminepropertiesnet
(Loan to Value)
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 14
Atlanta Real Estate Investors Alliance bull FEB 2013
PRAdO
Join us at the
Haves amp Wants MeetingEvery Thursday at 130pm 5 Seasons Brewing located at
5600 Roswell Rd in Sandy Springs at the Prado
Short Sales Are SailingBy Kimberlee Frank
Many Investors and Realtors avoid short sales like the plague They are definitely
missing the boat My business special-izes primarily in short sales and I have seen an increase in the number of ap-provals we are getting The time line for a short sale varies from 90 to 120 days if you submit the lender a ldquocompleterdquo short sale package Since short sales are dominating the market the Lenders are creating more streamlined processes to conduct smoother short sales If you do short sales then I am quite sure you have heard of the online system called ldquoEqua-torrdquo Equator allows all of the short sale paperwork to be processed electronically through one common venue versus tra-ditional and random faxes and emails Having a file processed online avoids the common objection from the short sale lender of ldquoWe didnrsquot receive the docu-mentsrdquo Effective January 1 2013 the newest lender that has started to use Equator is Chase The following lenders and servicers are presently using Equa-tor 1) Bank of America 2) Chase 3) Wells Fargo 4) GMAC 5) Nationstar 6) ASC 7) Carrington Mortgage and 8) Homeward Residential Services
The Equator System assigns applicable tasks to each party (Agent Negotiator Closer etc) including a deadline in which to complete each task I like the fact that the lenders can no longer say ldquoOh we never got that paperworkrdquo However I
donrsquot like the fact that they are tracking our information Nationstar has taken the collection of Buyerrsquos information to a whole new level They require all Buyers to fill out a loan application even though they most likely will not be using Nation-star as a lender This application has been mandatory and this has not been waived on any of my files If you are a Buyer on any property you are required to provide your name address telephone number DOB SS assets employment history and more This is regardless if you are purchasing for investment or personal use and if you are getting a mortgage or pay-ing cash
I believe that the lenders are collecting data against all Buyers and will soon share with each other how many deals each Buyer has purchased I had one student inform me that once he purchased over 10 properties from Bank of America he was no longer allowed to purchase any more in his name his wifersquos name or company name Therefore in the future when all lenders work as a team they will share all of this information and limit the amount of deals that an Investor can purchase Wells Fargo started using a system called Core-Logic approximately 2 years ago which al-lows them to simultaneously check to see who was applying for a mortgage at the same time they were conducting a short sale This caused Investors a hardship
even though they fully disclosed to Wells Fargo their intention to buy resell andor fix the property if they used my paper-work Many short sales were not approved at that time and many Investors had no idea WHY Some of the lenders frown on the fact that Investors are purchasing the property and would rather sell the house to a homeowner
You would think that the lenders since they are funded by Investors would un-derstand how we Investors work We donrsquot buy properties at full value as we are not going to live in the home This is a business and we canrsquot make the Sellerrsquos problem our problem by paying full value It is the Investors like us that are helping the lenders get money and not go under
Now is the time to purchase short sales and if you havenrsquot started you have 10 years to ride the wave so do it now Align yourself with a good Mentor and take flight just like many Investors around the world
Happy Sailing
Comment on this article online at httpatlantareiacomp=19030
Foreclosures gone WilD
Kimberlee Frank 407-888-3255KimberleeForeclosuresGoneWildcom
wwwForeclosuresGoneWildcom
wwwFacebookcomForeclosuresGoneWild
wwwLinkedincominKimberleeFrank
wwwTwittercomKimberleeFrank
Kimberlee Frank is a Master Negotiator who has closed over 600 deals since 1998 She is a Mentor Trainer Author and Real Estate Broker teaching Investors
and Realtors how to creatively purchase and sell short sales with her Step-by-Step System She has helped Investors and Realtors earn hundreds of thousands of dollars
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 15
Atlanta Real Estate Investors Alliance bull FEB 2013
Karen Bershad(770) 356-1234KarenSmallBusinessAdvisorbiz
wwwSmallBusinessAdvisorbiz
Karen Bershad is ldquoThe Small Business Advisorrdquo Most small business owners have a challenge handling all the different areas of
running a business The accounting can be a challenge particularly if the software seems overwhelming The Small Business Advisor is what you may need to get you to the next level of your business We work at your office or provide off site assistance in getting things under control by providing a wide variety of services that are specifically for the small business
How Do I Handle a Refundable Security Deposit in QuickBooksBy Karen Bershad The Small Business Advisor
It is the goal of this column to an-swer questions about QuickBooks and how it is used in the REI arena
Know how to record transactions in the proper way and have your set of books in good shape when it comes time for taxes It is our intention to do this by you the members submitting questions to Karensmallbusinessadvisorbiz and getting answers here in this column
Q I am having difficulty reconciling my bank account I have reviewed each entry and have found that several of my deposits do not match the amount the bank has for them How do I see all my detail on each deposit without click-ing on each one to open it
A Go to Reports ndash Banking ndash and look for a report called ldquoDeposit Detailrdquo It will give you line-by-line detail of your deposits in one report and you can com-pare that to what you have in the bank If you make copies of the checks for each deposit and put it with your deposit ticket on each one that will give you a paper back up of what you actually gave the bank This way if the bank made the error then you have details of what you produced to the bank
Q Why do I need to create sub accounts in my chart of accounts
A The Chart of Accounts is the main driver of the program If you have you accounts set up properly your reports ndash Income Statement and Balance Sheet ndash will be reflected properly You may want sub accounts for some of your ex-penses in particular to be able to see where certain money is being spent For instance ndash if you make sub accounts for Auto Expenses ndash Fuel Repairs amp Maint Tags Tolls amp Parking Insurance etc ndash you then can see that the total amount spent in that areas was not just Fuel which is expensive but you had a major repair done and therefore your compari-son to last year for the same time makes more sense
Q I received a ldquoRefundable Security Depos-itrdquo from my tenant How do I enter this into QuickBooks
A This is a Liability account that you will need to payout at some later date In your chart of accounts you should have a Liability account set up for Security De-posits Escrow ndash or some name that sets it apart from security deposits you paid that are owed back to you (which is an Asset) In the deposit window instead of showing this as income you should go to this special Liability account and book
it to that account When it is time to pay the tenant the money back less any damages if need be you will write the check out and expense it also to this Li-ability account to clear the money from the account
Comment on this article online at httpatlantareiacomp=19023
the QuickBooks Quickie
When yoursquore ready to get started see our Advertising Rates in this issue and then call Christine Griffin at 678-701-7160 or email adminatlantareiacom
httpatlantareiacomthe-profitadvertising-rates
If yoursquore looking to reach the Real Estate Industry here in the Greater Atlanta Metro Area and throughout Georgia you canrsquot do better than The PROFIT Your ad will reach more than 10000 each month with your message Our production teams are among some of the best designers in the country We make you look GOOD
Advertise Your Business in The Profit
American IRA Wants to be a Value Added Service to You or Your Business
Contact our office for any self-directed IRA questions you have or for a free consultation
1-866-7500-IRA(472) or infoamericaniracom
P We do business the old fashioned way At American IRA we pick up the phone
P We offer personalized service catered to each of our clientsrsquo needs
P We provide educational articles live webinars and many other resources
P We have experienced IRA instructors who are available for speaking engagements
P We provide joint webinars which allows you to high-light your services
P We provide free copies of your webinar in CDDVD format for you to promote your services
P We have a resource page on our website to list your services on (certain restrictions apply)
P We are experienced in investinghellip we understand your investment language
wwwAmericanIRAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 17
Atlanta Real Estate Investors Alliance bull FEB 2013
Business By the Book
Greed In Business = Trouble In The Family By Erven Kimble
The relentless drive to acquire the elusive ldquoAmerican Dreamrdquo is what fuels many business profes-
sionals To many in pursuit of the worldrsquos definition of success means ldquogetting more and morerdquo ldquoclimbing the corporate ladder at all costrdquo or perhaps it means ldquothe end justifies the means no matter whatrdquo This kind of ill-advised pursuit requires that a person disconnect other areas of life that makes significant demands on their time and attention One way to separate these distractions is to departmentalize them
Highly motivated entrepreneur and busi-ness professionals often compartmentalize their professional interests from the rest of their personal lives Many ldquogo-gettersrdquo tend to divide their lives into these differ-ent compartments and make decisions as if they are not interconnected For many their thoughts about church religion matters concerning God and the Bible or even their family have little or nothing to do with their day-to-day business decisions and activities that are required to be suc-cessful They rationalize that these differ-ent compartments neatly and separately co-exist For instance one might
bull Define things as being secular versus spiritual
bull Make clear distinctions between that which is personal as opposed to the professional matters
bull Or draw a big distinction between their family life and their business life
The truth of the matter is that God does not view our lives as being compartmen-talized A Biblical view sees the secular as spiritual and our professional and personal lives co-existing in the same space The
actions and the decisions that we make at the office effects what happens at home Whether a person realizes it or not deci-sions and practices in the work place have a direct impact on what happens back on the home front
The relentless drive to get more and more in the workplace is called ldquoGreedrdquo Greed is flaw that ultimately brings distrust and dishonor to all those involved A person in pursuit of unmerited gain is a continuous source of grief for themselves as well as their families Greed and covetousness leads men and women to habitually want more than their share As a results the progres-sive overflow of greed leads to bribes and the kickbacks Bribes and kickbacks are a perversion of justice a misrepresentation that ultimately breeds distrust and dishon-or to all those that are involved including all family members who bear their name
Those who refuse to be involved in these ungodly practices
will find longevity and prosperity
There is energizing freedom and great gratification in honesty that translates into the idea of establishing a legacy Business-men and businesswomen that strive to operate an honest business not only live well themselves they also leave a proud heritage to their children Conversely the foolish and fraudulent leave an inheritance of misery
ldquoThe good people who live honest lives will be a blessing to their childrenrdquo (Pr 207)(NCV)
A familyrsquos religious passion will produce the familyrsquos long-term qualities In other
words the children of ethical parents are the recipients of the divine favor of God The family traits model behavior that is mimicked by the children and ultimately the advantages or the hazards are experi-enced by the next generation When there are models of godly parents who live out their Christian beliefs the children are challenged to become wise themselves
Thoughts to Ponder
I Have you ever considered your business decisions would directly impact your family
II What legacy are you preparing to leave your children or family
III Have you considered the long term generational effect of your business practices
Comment on this article online at httpatlantareiacomp=19001
God does not view our lives as being compartmentalized
ldquoGreedy people bring trouble to their families but the person who canrsquot be paid to do wrong will liverdquo (Pr 1527)(NCV)
Erven Kimble 404-606-8909ElegantHomesLLCYahoocom
wwwPeopleWhoBuyHousescom
wwwFacebookcomEAKimble Erven Kimble is an accomplished pastor teacher author community leader licensed Christian Counselor and Real Estate entrepreneur Erven is a visionary that has faithfully
served as the Senior Pastor of a local church in Lilburn Georgia for twenty years
The author searched the Book of Proverbs and Psalms and extracted wisdom that reference business and finances to produce the series of articles called Business By The Book The purpose of these articles is to present time tested and proven Biblical principles in a way that is practical relevant and beneficial to the average business person
HOME INSPECTION
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major systems InspectIon$60 per Home amp one page summary report
Great for Rehabs
Investor major systems InspectIon25 of your Fees are credited toward
A Full Home Inspection
Investor InspectIon prIcIng on FUll InspectIons
bull 1st Home regular pricebull each Inspection accrues an additional
5 discount on Inspections 2ndash5bull Inspections 6 and beyond are 25 OFF
REI SPECIALS
bull FRee 90-day Home warranty wItH every complete Home InspectIon
bull FRee recall cHeck on applIcances and mecHanIcal components oF tHe Home wItH FRee Updates For lIFe
bull 30-DayanD72-DayBuyersInspectIonprotectIon plans (Ask Me FOR DetAIls)
bull reportsprInteDon-sItewIthIntheQUoted tIme - GuARAnteeD
bull onepagereportsummaryanDcolorpHoto joUrnal
bull 247 onlIne scHedUlIng and docUment sIgnIng
bull FRee repaIrs re-InspectIon and InspectIon Update
bull FRee consUltIng For lIFe vIa pHone emaIl and skype
bull BOnDeD amp InsuReD wItH errors and omIssIons InsUrance
Visit wwwPetesFriendlyHomeInspectioncom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 19
Atlanta Real Estate Investors Alliance bull FEB 2013
Caution Landlords Accepting Money After Filing An Eviction Impacts Your RightsBy Attorney Jon David W Huffman
Landlords often have mixed emo-tions when their tenants call and offer them money after a dispos-
sessory warrant (an eviction) has been filed On one hand landlords are in the business of collecting rent However they worry how it may affect moving forward with the eviction Accepting a payment after an eviction is filed does af-fect your rights
Residential Landlords
A residential landlord has a duty to ac-cept a payment from a tenant who is in default if and only if the tenant tenders ldquoall rents allegedly owed plus the cost of the [eviction]rdquo1 However the tenant can-not wait until the last moment to do this They must tender the full payment within seven days of the day they were served the eviction paperwork2 There is no need to worry about a tenant doing this perpetu-ally because a landlord is only obligated to accept this type of payment once per year3 Making this payment provides a complete defense to the eviction and upon receipt a landlord should dismiss the eviction
If a residential tenant offers a partial pay-ment however BEWARE A residential landlord who accepts a partial payment from a tenant after an eviction has been filed waives his right to continue with the eviction and admits the continuance of the lease4 In simple terms the eviction fails and the landlord must start the eviction process over if he wishes to evict the ten-
ant It does not matter when the partial payment is made ndash whether one hour after the eviction is filed or five minutes before the eviction trial Thus the landlord must either reject the partial payment or if ac-cepted he must restart the eviction process
Commercial Landlords
Perhaps unsurprisingly the law on ldquonon-residentialrdquo or commercial leases allows more freedom to contract
A commercial tenantrsquos right to tender past due rent and the dispossessory fee can be contractually waived5 Indeed in many commercial real estate leases this right is waived All commercial landlords should have an attorney review their lease to en-sure that they have the right to regain possession of their property upon default without giving a tenant the right to pay the past due rent and dispossessory fees
Following the freedom-to-contract prin-ciple a commercial landlord can accept a partial payment without waiving his rights to evict Under OCGA sect 44-7-52(c) a commercial landlord is free to take a par-tial payment and continue the eviction process unhindered Of course any money received would offset the landlordrsquos dam-ages So commercial landlords cash that check and keep on going
Disclaimer The information contained in this article is for informational purposes only and is not legal advice or a substitute for legal counsel
It does not constitute advertising or solicitation The information in this article may or may not reflect the most current legal developments ac-cordingly this article is not guaranteed to be complete and should not be considered an indi-cation of future results
Comment on this article online at httpatlantareiacomp=19013
1 OCGA sect 44-7-52(a)2 Id 3 Id4 Gay v American Oil Co 115 Ga App 18 153 S E 2d 612 (1967)2 Id3 Id4 Gay v American Oil Co 115 Ga App 18 153 S E 2d 612 (1967)5 Hardwick v 3379 Peachtree 184 Ga App 822 824 363 SE2d 31 (1987)
real estate legal report
Jon David Huffman 404-373-4008 x 304JonDavidPooleLawGroupcom
wwwPooleLawGroupcom
wwwJonDavidHuffmancom
Jon David Huffman is a litigation attorney specializing in real estate disputes business disputes and commercial collections With
more than a decade of experience managing small businesses before attending Emory Law School he brings a business ownerrsquos perspective to the practice of law
wwwMeetUpcomAtlantaREIA
Join us on Meetup and RSVP for the meetings you will be attending
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 20
Atlanta Real Estate Investors Alliance bull FEB 2013
With each New Year comes new ventures More and more often investors have
to expand their investment territories in order to stay active As technology con-tinues to make the world a smaller place many investors are also looking at invest-ing in different states and some in differ-ent countries By doing this the amount of inventory increases dramatically if you make the right contacts At the same time if you work with investors that are open in investing out of state or in different coun-tries you have the ability to sell more
With all this said it is not always as easy as it may sound whether you are the buyer or seller As the buyer you need to make a trip to the new area you are looking to invest in The reason to do this is obviously to learn the market but secondly to make a few key contacts in the area The main contacts you need to make are a few wholesalers real estate agents contractors a title company and property management if you are look-ing for rentals Not only will these contacts help you in their area of specialty but they can also be go-to people for a second opinion on any potential deals In order for this to be a win-win situation you want to use these contactsrsquo services For example if you ask a contractor to verify repair cost on a home you should use himher for that project
The suggestions mentioned above also ap-ply to those looking to sell properties out-side their local area of expertise If you are teaming up with a local in a new area make sure you are working with someone that can answer questions experienced investors will need answered Keep in mind that just because someone tells you a property is a good deal to invest in does not mean it is
You may be marketing a property that you would normally not market Even worse you may end up selling a property that you would not have sold if you knew the market better Investors will typically follow you into another statecountry if you have been part of their success in their local market Investors should do their own due diligence but you should do your own before even marketing that deal otherwise you will lose credibility You may not only lose credibil-ity in the new market but also in your local market You can also lose money that you have out for a due diligence period andor earnest money if you discover that you con-tracted a dud Remember the importance of closing once you have a contract in place
Before venturing into a new market make sure you at least make the contacts men-tioned above Let them know your inten-tions of investing andor selling in their area soon but are currently familiarizing yourself with the market This will prevent them from thinking of you as just another window shopper Remember that if you create a win-win-win situation your success will continue to grow
Comment on this article online at httpatlantareiacomp=19041
FroM contract to closing
New TerritoriesBy Michael Vazquez
Michael Vazquez 678-951-9222MichaelPVazquezGmailcom
Michael Vazquez has been offering properties to real estate investors significantly below market value since 2006 in both Texas and Georgia
Michael is always looking to for more investors to work with
Solutions that help you Make More
Work LessUse your iPad iPhone or other mobile device anywhere tohellip
H Find comps and rental rates
H Sign and send contractsH Plan your entire rehabH and so much more
Check it out noW5 Day Trial for only $1
Make More Work LessGo To
MobileRealEstateRockstarcomAtlanta-REIA
Keep up to date with our latest opportunities by joining us on Twitter at wwwTwittercomAtlantaREIA
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 21
Atlanta Real Estate Investors Alliance bull FEB 2013
Every New Yearrsquos Day people consider what they want to ac-complish in the following year
Well we are now 30 days into 2013 and I am sure that you have reflected on 2012 What resolutions did you follow to success What results have you seen from last yearrsquos work
At the beginning of 2013 I reflected on what I considered success Like many of you I realized that I want to improve my monetary financial relationship and problem-solving skills because these lead us to success What is success in 2013 ACHIEVING MORE OF YOUR GOALS
We all know that success in our busi-ness means learning new tricks tips and techniques We must accumulate knowledge and power We must achieve a superior capacity to think and act effectively through presentations best practices and strong strategies We must have a highly competitive advantage a platinum value But how do we strengthen the skills that we MUST have
The ONLY way to achieve this is through what I call PAC Planning Accountability and Consistency
Planning
Planning means success Planning means that you will be prepared to react logically You will be able to carefully consider the market environment re-lationships and finances Planning sets you up for control of your own success
Because Irsquove been in this business for so long one of the many things I can tell you is an easy way to plan-- measure what you are doing Here is how
bull Graph your numbers once a week
bull Reflect on your graphmdashAre your ef-forts showing success
- If not change your strategy
- If so reflect on what you have done and decide how to do it even better
For example wanting to earn $200000 a year is my goaldesired outcome To do this I will work backwards from the goal to the actual steps and processes needed to allow me to achieve the goals These steps are the action plan
ONLY when we know our goals can we outline the steps to get there Only then can
we follow the steps and make adjustments
Accountability and Consistency
Do you make time for your success or do you need support to be consistently accountable to your goals your plan and yourself
This is where I come in I can coach you with your plan accountability and con-sistency PAC
Irsquod like to share some of my action steps for 2013mdashthese are examples of action steps that as your coach I can help you to create plan and execute As your coach I can help you increase your ex-pertise with goals like these by helping you to use the PAC principles
1 Increase my profitability by using my resources effectively and ef-ficiently Example Limit events tasks and time with people which donrsquot align with my goals or which canrsquot be satisfied
2 Create systems situations and op-portunities to meet and present to qualified customers Goal Meet new customers 20 of the time
3 Focus 100 on my emotional physical and mental focus What can I do
4 Debrief after events to increase my expertise
Consistent effort energy time use of resources and learning will allow me to achieve my goals It will help you toomdashif you apply PAC
With PAC and my assistance you can eliminate sabotaging behaviors and be-
hoW to Be a real estate investor
2013 A Year of Achieving Your Goals with PAC By Russ Hiner
Join us for
LATE nITE nETWoRKInGat the Meeting-After-the-MeetingWe meet at the Tilted Kilt Perimeter located 1155-B Mount Vernon Highway in Atlanta right after our Atlanta REIA Main Meeting
PERIMETERcontinued on page 23
Attend Russrsquos Creative Deal Structuring on Feb 9th at 7PM
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 22
Atlanta Real Estate Investors Alliance bull FEB 2013
Welcome back If you read Part One of this article you know that we covered the
other different types of popular real es-tate deals that most people do and the biggest problems with them these days Then we talked about how advantageous it is to do the new type of deals Whole-saling Pretty Houses
But we still have a few important things to cover so letrsquos pick up where we left offhellip
Once you agree on the deal amp terms with the seller you get all the paperwork signed amp closed at either a title compa-ny or attorneyrsquos office No exceptions Yoursquoll want that legal backup in case the seller conveniently forgets what they agreed to later
So now yoursquove got a deal under contract amp all the paperwork signed What now Simple You get it lsquosoldrsquo as an oppor-tunity to a tenant buyer who 1 Has a decent chunk of money to put down (typically $5000+minimum) and 2 Can afford the existing monthly mort-gage payments
For example letrsquos say you have a house worth $250000 The seller owes $260000 with monthly PITI payments of $1550 amp theyrsquore current The house needs little to no repair amp is in a great neighborhood where people want to live The seller just wants to walk amp realizes
that there is NO money to be made on this deal obviously
So at a glance it looks like this
ARV $250kOWE $260k PAYMENT $1550 PITI
currentREPAIRS $0ASKING $0 Just wants out (for what-
ever reason eg job x-ferloss divorce etc)
So you SELL the house on a Lease Purchase (aka lsquoRent to Ownrsquo) to a tenant buyer who falls in love with the house has at least $5000 to put down as Non-Refundable Option Consideration and can easily af-ford the $1550 monthly payments (plus utilities HOA etc obviously)
You arrange the closing at the title compa-nyattorneyrsquos office (have the tenant buyer pay their fee) and collect your check
hellipAND YOUrsquoRE DONE You are OUT of the deal from this
point forward
So what just happened And why would you WANT to be OUT of the deal after that
Good question Letrsquos recap shall we
You found amp negotiated a deal on a house with little to no equity that no one else would touch You solved the sellerrsquos prob-
lem amp they love you for it You then went amp found a tenant buyer who couldnrsquot buy a house now if their life depended on it (in most cases) and gave them an honest op-portunity to eventually buy this beautiful house in a beautiful neighborhoodhellip even if their credit is terrible
(NOTE The worse their credit is the more you should collect as a downpay-ment )
After that the tenant-buyer should just make the monthly mortgage pay-ments as rent There are a few options on how they can do this 1 Pay directly to the seller 2 Pay directly to the mortgage company 3 Pay to a 3rd-party paymentescrow company I highly suggest doing the 3rd so everyone can be sure the pay-ments are made on time There are several companies that will provide this service for you for a nominal fee ranging from $5 to $50mo Check around for more informa-tion on that
So herersquos the next big question WHY would YOU as the investor want to be DONE with the deal after that Why wouldnrsquot you want to get the deed or stay in the deal
Herersquos the answer You WOULD want to stay in the deal (and maybe get the deed)hellip IF
IF the seller has equity IF the house is go-ing UP in value Or IF the mortgage pay-
The Best Deals To Do in Real Estate in 2013 amp Beyond ndash Part 2By Tony Pearl
pearls oF WisDoM
NGaREIANorth GeorGia reia MoNthly MeetiNG
2nd Thursday of Each Month at 700 PMat the Hilton Garden Inn
Cartersville GA
See httpREIOutpostcom for more information
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 23
Atlanta Real Estate Investors Alliance bull FEB 2013
ments are LOW and the rent is HIGH Those are some great examples of why you WOULD want to remain in the deal
But IF the opposite is true you should simply collect your down payment from the seller amp assign that deal that you just lined up Wait a minute Assign the deal WHO would you assign the deal to
Irsquom smiling as I write this and hopefully you will too as you realize the obvious
You ASSIGN the deal right back to the SELLER of the house Does that make sense
When the house goes back up in value amp the tenant buyer is ready to buy guess what
Theyrsquoll buy directly from the seller And you explain all that to everyone involved in the deal
This Type Of Deal Is Tremendously Advantageous
To You When
bull Houses in that area are still declining in value
bull If the seller simply owes too much
bull Or if you just want an easy-in easy-out type of simple deal to do that still quickly puts thousands of dol-lars in your pocket without any risk or rehab
In the example above you got a check for (at least) $5000 pretty quickly and you donrsquot have to deal with the tenant-buyer or the seller ever again if you donrsquot want to In Out Paid Done Simple
Of course there are some important de-tails in the middle that you should learn If these types of deals make sense to you and you would like to learn more either ask your local REIA leader to get more information for you or drop me a line Irsquod love to help
So there you have it I believe that wholesaling pretty houses is one of the best types of deals you can be doing in 2013 amp beyond Itrsquos quick amp easy and there are plenty of deals like that out there now Best of all therersquos VERY little competition to do this For now
Hopefully your competition wonrsquot read this article
Until Next Time
Tony Pearl
Comment on this article online at httpatlantareiacomp=19037
Tony Pearl202-556-0670TonyTonyPearlcom
wwwTonyPearlcom
wwwFacebookcomTonyPearl
wwwTwittercomTheTonyPearl
wwwYoutubecomTonyPearl
Tony Pearl is an entrepreneur copywriter proud father mentor marketing consultant and talented teacher who resides in the Washington DC area He
has traveled to over 26 countries speaks 4 languages and continues to travel extensively He has been a professional Ballroom and Latin dance instructor competitor and exhibitor for over 19 years As a Real Estate Investor Tony has bought and sold over Ten Million dollars worth of real estate and has been educated by and associates with the best
Russ Hiner 404-660-4289RussRHinercom
wwwRHinercom
wwwFacebookcom1RHiner
Russ has been investing in real estate in Atlanta Georgia since 1981 His company currently controls apartment buildings and single-family properties in Georgia and
other states His focus is on raising private capital through Hedge Equity LLC
Russ invests everyday His knowledge and experience is current in the market He is capitalizing on the needs wants and desires of the customer He has a deep level of experience in building relationships with vendors investors tenants sellers and qualified buyers He has the knowledge to negotiate contracts manage rental properties and make his co-investors wealthy He enjoys taking properties which are virtually destroyed renovating them and creating a better community
come accountable Being accountable will lead to success which will give you the confidence to take responsibility for your greatness Confidence is liberating It leads to increased passion for your work With renewed passion 2013 can be your year of commitment and success With renewed energy you can follow your Plan that will lead you to Consis-tency Accountability and SUCCESS
So itrsquos 2013 You have goals
Will you use the same techniques that you did in 2012 Or will you join me and others whom Irsquove worked with in using new tools and renewed energy
What is the action step to begin plan-ning What should you do to help you remain on track
What can you do to make 2013 a differ-ent year for you a year of success
I am looking forward to meeting you and helping you on your way to a suc-cessful 2013
Comment on this article online at httpatlantareiacomp=19035
Achieving Your Goals with PAC cont from p21
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 24
Atlanta Real Estate Investors Alliance bull FEB 2013
How to Quickly Get 10 to 15 Good Rental Properties Paid For Free and Clear By Larry Harbolt
creative Financing is king
Larry Harbolt 727-420-4810LarryHarboltGmailcom
wwwLarryHarboltcom
wwwFacebookcomLarryHarbolt7
wwwTwittercomLarryHarbolt Larry Harbolt is the nationrsquos leading creative Seller Financing expert as well as a popular national real estate speaker and teacher whose time-
tested strategies and nuts and bolts teaching style has helped thousands of aspiring real estate entrepreneurs realize their financial dreams with little or no money and without the need for credit Larry has been successful creatively buying and selling real estate for over 30 years and has written numerous popular articles and real estate courses Larry also has been running a meetup group in St Petersburg FL for real estate investors for over 13 years
We are already in the second month of 2013 and I just had a conversation with one
of my students who wanted to know how to create wealth in the shortest possible pe-riod of time The following is my idea how wealth for any real estate investor can be created in the shortest period of time
Here is an example of how you can quickly achieve financial freedom and then wealth investing in real estate
For instance the first thing you need to do is buy 10 to 15 well selected income pro-ducing properties you are willing to keep long term as your retirement program and the base of your future wealth I personally love the thought of someone else having to go to work every day to earn money they give me in the form of rent each month that pays for my properties without me having to have a job or have to go to work every day Then once you have bought your 10 to 15 keeper rental houses in good neighborhoods with tenants who are pay-ing on time every month letrsquos say $1000 each month of which $520 goes for the monthly loan payment and after monthly expenses of property taxes property insur-ance a maintenance fund and a vacancy fund leaves you from the $1000 gross rent approximately $150 each month to put into your pocket Letrsquos say for each of your keeper rental properties you paid $88000 with very little money down and were able to get seller financing terms for 30 years
Then once you get those 10 to 15 houses free and clear with no debt each month you get to keep the entire $1000 from each house (less taxes and insurance and main-tenance costs) leaving you about $600 to $650 from each house each month Ten houses at $600 each equals $600000 each month paid directly to you to pay your bills Some of you might need 15
houses to achieve your goals If you have 15 houses x $600 net each month will give you $9000 per month income to cover your monthly expenses Once you have that much coming in each month you will have financial freedom but not yet wealth Wealth comes over time Let me show you how to get your properties free and clear in the shortest period of time
Getting Your 10 to 15 Houses Free and Clear In a Short
Period of Time
After you have your base of 10 to 15 houses bought then each year go out and buy an additional 10 to 15 houses The additional 10 to 15 houses you buy each year can be rehabbed and then sold If you were to take all of the profits from the sale of each of the additional 10 to 15 houses (after paying the taxes) and use the money you have left to pay off one or two of the loans on the houses you plan to keep and you did this over and over for a few years your base of rental properties would soon be com-pletely paid for and you would then have enough income coming in each month to be financially free
This is definitely a plausible and possible plan to become financially free in the short-est period of time Once you have done this you will then have more time and money to continue to buy even more houses sim-ply because you will have enough income each month coming in so you donrsquot have to go to a job you hate every day
Once all of your base of income produc-ing properties are completely paid for and are free and clear you will probably truly be a millionaire If you have 15 properties valued at $80000 that are free and clear your net worth will be $80000 X 15 = $1200000 Now you are wealthy
You Must Have a Wealth Building Strategy to Be
Successful
This is how true wealth is created over time People who only wholesale property for a living are not true investors -- they really have a job When a wholesaler buys a property and then passes it on to another person and they get paid a fee that money will be quickly spent and they then have to go out and find another property to whole-sale again so they can get another fee To me thatrsquos a job and I donrsquot want another job I want financial success
If you plan to be a successful real estate in-vestor and create the wealth you want it is going to be very important that you are able to recognize opportunity when it pres-ents itself It took me nearly 25 years to figure this out for myself and that is why I am sharing this information with you now so you can more quickly achieve financial freedom and your eventual wealth
Comment on this article online at httpatlantareiacomp=19032
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
Atlanta Real Estate Investors Alliance bull FEB 2013
Join our Mobile Real Estate Investor VIP ListJust text ATLAnTA to 404-996-1099Standard text message rates apply
Follow us online from your mobile phone at httpAtlantaREIAcom httpFacebookcomAtlantaREIA httpTwittercomAtlantaREIA httpYoutubecomAtlantaREIA httpMeetupcomAtlantaREIA
Want to stay plugged in and connected to Atlanta REIA from
your mobile device
Subscribe to The Profit Newsletter amp Email list at httpSubscribeAtlantaREIAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
For a Limited Time
Wersquore Sharing our Design Firm with our Advertisers
GROW YOUR BUSINESS TODAY placing an ad in The Profit and our design firm River City Consulting will design your ad for FREE Wersquoll also provide you with the digital file to use online and to have printed to use as promotional flyersMinimum 3-month Obligation
When yoursquore ready to get started call Christine Griffin at 678-701-7160 or email adminatlantareiacom
SEE THEIR WORK IN amp ON
AAttllaannttaa RREEIIAA MMeemmbbeerrsshhiipp AApppplliiccaattiioonn Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560
Atlanta REIA Use Only Member ____________ Exp Date ____________ ID Card Printed Sent _________
Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560 rev 1282011
Membership Plans - Choose a Membership Plan
Silver Membership for Individual $100year
Silver Membership for Couple $150year
Gold Membership for Individual $300year
Gold Membership for Couple $300year
Applicant Information - Please print clearly
Applicant 1 Applicant 2
Address
Phone 1 Phone 2
Email 1 Email 2
Sponsor (if applicable)
Payment Information - Please print clearly
Name on Card Total Amount $
Billing Address
Card Type Visa Master Card Discover American Express
Card Number Expiration Date Code
Terms of Sale Disclaimer amp Release The undersigned Applicant(s) hereafter called the Applicant understands and acknowledges that membership in the Atlanta Real Estate Investor Alliance hereafter called Atlanta REIA absolutely does NOT entitle nor make Applicant a legal member of Atlanta REIA LLC the company Applicant acknowledges that Atlanta REIA does not render legal tax economic or investment advice All programs are provided with the understanding that Atlanta REIA is not engaged in rendering legal tax or other professional services If legal tax or other expert assistance is required the services of a competent professional should be sought Atlanta REIA does not investigate its members nor vouch for nor make representation as to the honesty integrity reliability motives andor resources of its members officers directors employees agents and or contractors The Applicant in consideration for hisher acceptance as a member of Atlanta REIA hereby releases discharges and agrees to indemnify Atlanta REIA its officers directors members employees agents andor contractors from any liabilities now accrued or which may hereafter accrue from their actions inactions or communications made by Atlanta REIA andor officers directors members employees agents andor contractors in or through their respective capacities with Atlanta REIA Applicant agrees to comply with the terms and conditions described herein the Code of Ethics and any other terms described on our website at AtlantaREIAcom as well as any other Atlanta REIA rules and regulations Applicant agrees and acknowledges that Atlanta REIA may enforce these codes terms rules and regulations at its sole and absolute discretion and may terminate this membership at any time for any reason whatsoever Applicant grants to Atlanta REIA its representatives and employees the right to take photographs video or audio of Applicant and Applicants property Applicant authorizes Atlanta REIA its assigns and transferees to copyright use and publish the same in print andor electronically Applicant agrees that Atlanta REIA may use such photographs video and audio of Applicant with or without Applicants name and for any lawful purpose including but not limited to publicity illustration advertising and web content Applicant grants permission to Atlanta REIA to contact Applicant regarding membership and related business by phone fax email text message chat programs social networking automated voice broadcast dialers or any other means necessary By completing this application Applicant agrees to give Atlanta REIA permission to bill the credit card above for the membership plan selected above Applicant acknowledges and agrees that the term of membership is one (1) year and that billing for membership will be automatically renewed for one (1) year upon expiration at the then current membership rate and that the appropriate charges be applied to Applicants credit card on file Should Applicant decide to cancel membership a written notice of cancellation must be emailed faxed or sent via postal email to Atlanta REIA at the address email or fax below thirty (30) days prior to the next billing or renewal period Atlanta REIA must acknowledge receipt of this written cancellation notice for it to be valid Membership dues are NON-REFUNDABLE for any reason whatsoever Applicant promises NOT to initiate any refunds or credit card charge backs for these membership dues and related charges at any time Applicant agrees that Atlanta REIA may change the terms of this Agreement or its membership dues at any time by posting such changes to our website at AtlantaREIAcom By continuing membership Applicant agrees to be bound by such changes Applicant will send all written notifications to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 Fax 770-216-1560 Email noticesatlantareiacom With my signature I accept the Terms of Sale Disclaimer amp Release and I authorize Atlanta REIA LLC to charge my credit card for the membership plan above as well as total recurring amount shown I further acknowledge that these membership dues are non-refundable
Applicant 1 (sign) Applicant 2 (sign)
(print) (print)
Date Date
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 27
Atlanta Real Estate Investors Alliance bull FEB 2013
Atlanta REIA Meetings CalendarhttpAtlantaREIAcomMeetings
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
3rd Wednesday of Each MonthLate Nite Networking Buford900 PM ndash Late NiteTilted Kilt 3480 Financial Center Pkwy M1080 Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
3rd Thursday of Each MonthSavannah REIA630 PM ndash 900 PMGallery Espresso234 Bull St Savannah GALeader Aislee Jacksonhttpsavannahreiacom
4th Monday of Each MonthAtlanta REIA West Meeting630 PM ndash 900 PMCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Monday of Each MonthLate Nite Networking Marietta900 PM ndash CloseCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Tuesday of Each MonthNote Buyer Group Meeting630 PM ndash 830 PM Olive Garden 2467 Cobb Parkway SE Smyrna GALeader Tom Boyerhttpnbgatlantareiacom
4th Thursday (Once Per Quarter)Beginning Investors Group Meeting (BIG)630 PM ndash 900 PMChef Robrsquos Caribbean Cafe 5920 Roswell Rd NE A117 Sandy Springs GALeader Alan McDonaldhttpbigatlantareiacom
4th Thursday of Each MonthCash Cows Commercial Group1130 AM ndash 100 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GAhttpcashcowsatlantareiacom
Meets at Various Times Each MonthCash Flow Players Group MeetingTo Be AnnouncedSecrets Factory 2030 Powers Ferry Rd SE 440 Atlanta GALeader Alan McDonaldhttpcashflowatlantareiacom
2nd Wednesday of Each MonthSpanish Investors Networking Group (SING)630 PM ndash 830 PMTaco Depot 4788 Sugarloaf Pkwy 107 Lawrenceville GALeader Michael Vazquezhttpsingatlantareiacom
2nd Wednesday of Each MonthI Love Marketing Group700 PM ndash 900 PMSocial Vinings 3621 Vinings Slope SE Atlanta GALeader Rock Shukoorhttpilmatlantareiacom
2nd Thursday of Each MonthAtlanta REIA South Meeting630 PM ndash 830 PMGiovannarsquos Italian Kitchen 1375 Virginia Ave East Point GALeader Reggie Jackson amp Gordon Cattshttpsouthatlantareiacom
2nd Thursday of Each MonthNorth Georgia REIA700pm - 900pmHilton Garden Inn Cartersville 24 Liberty Drive Cartersville GALeaders Bill amp Kim Cookhttpreioutpostcom
2nd Thursday (Once Per Quarter)Small Business Group (SBG)330 PM ndash 530 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Karen Bershadhttpsbgatlantareiacom
3rd Monday of Each MonthMovers amp Shakers Lunch Meeting1100 AM ndash 130 PM5 Seasons Brewing3655 Old Milton Parkway Alpharetta GALeader Gordon Cattshttpmoversandshakersatlantareiacom
3rd Tuesday of Each MonthGwinnett County Group (The Fish Club)700 PM ndash 900 PMRed Lobster2055 Pleasant Hill Rd Duluth GALeader Aaron McGinnishttpfishclubatlantareiacom
3rd Wednesday of Each MonthAtlanta REIA North Meeting630 PM ndash 830 PM1960 Skylar Hill Dr Suite D Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
February 4th 2013Atlanta REIA Main Meeting530 PM ndash 900 PM Crowne Plaza Ravinia Hotel4355 Ashford Dunwoody Atlanta GA Leader Dustin Griffinhttpmainatlantareiacom
1st Monday of Each MonthLate Nite Networking Dunwoody930 PM ndash Late NiteTilted Kilt 1155-B Mount Vernon Hwy Atlanta GALeader Lee Buddenhttpmainatlantareiacom
1st Monday (Once Per Quarter)Mobile Real Estate Rockstars Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Don DeRosahttprockstarsatlantareiacom
1st Monday (Once Per Quarter) Short Sale amp Foreclosure Group300 PM ndash 530 PMTotal Wine amp More124 Perimeter Center W Atlanta GALeader Bob Masseyhttpssfatlantareiacom
1st Monday (Once Per Quarter)Active Investors Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Gordon Catts
1st Tuesday of Each MonthMountain REIA630 PM ndash 900 PMGolden Corral 2025 Market Place Blvd Cumming GALeader Gordon Cattshttpmountainreiacom
1st Wednesday of Each MonthCreative Deal Structuring Group (CDS)700 PM ndash 900 PMWhitehall Tavern 2391 Peachtree Rd NE Atlanta GALeader Russ Hinerhttpcdsatlantareiacom
Every Thursday (Except Major Holidays)Have amp Wants Meeting130 PM - 330 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Joe Thompsonhttphavesandwantsatlantareiacom
Next Meeting March 28th
Next Game on Sat Feb 9th
Meets Monday Feb 4th
ATLANTA REIA CALENDAR OF EVENTSFEBRUARY 2013
SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
Movers amp Shakers1100am - 130pm
Gwinnett County Group (The Fish Club) 700pm ndash 900pm
I Love Marketing Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pm
Mountain REIA630pm ndash 900pm
Atlanta REIA MAIN MEETING with Bill Cook
530pm ndash 900pmMobile Real Estate Rockstars Group 300-500pm
Creative DealStructuring Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pmAtlanta REIA South Meeting630pm ndash 830pmNorth Georgia REIA700pm - 900pm
NEWSLETTER dESigN PRovidEd by
SNEAK PEEK FOR MARCHMAR 4 ATLANTA REIA MEETING
APR 1 ATLANTA REIA MEETING WITH JAY CONNER
APR 27 FULL DAY WORKSHOP WITH JAY CONNER amp RON LEGRAND
Haves amp Wants Meeting130pm - 330pm
Cash Cows Commercial Group1130am - 100pmHaves amp Wants Meeting130pm - 330pm
Atlanta REIA West Meeting630pm ndash 900pmLate Nite Networking Marietta900 PM ndash Close
Note Buyer Group Meeting 6300pm ndash 830pm
Atlanta REIA North Meeting630pm-830pmLate Nite Networking Buford900pm - Late
Grow Your Wealth With The Financial
Calculator Workshopwith Bill amp Kim Cook
900am - 500pmCartersville GA
Wealth Building Using Self-
Directed IRAswith Dyches Boddiford amp
Pete FortunatoAtlanta GA
- FB
- YT
- MU
- Button 34
- Button 72
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 14
Atlanta Real Estate Investors Alliance bull FEB 2013
PRAdO
Join us at the
Haves amp Wants MeetingEvery Thursday at 130pm 5 Seasons Brewing located at
5600 Roswell Rd in Sandy Springs at the Prado
Short Sales Are SailingBy Kimberlee Frank
Many Investors and Realtors avoid short sales like the plague They are definitely
missing the boat My business special-izes primarily in short sales and I have seen an increase in the number of ap-provals we are getting The time line for a short sale varies from 90 to 120 days if you submit the lender a ldquocompleterdquo short sale package Since short sales are dominating the market the Lenders are creating more streamlined processes to conduct smoother short sales If you do short sales then I am quite sure you have heard of the online system called ldquoEqua-torrdquo Equator allows all of the short sale paperwork to be processed electronically through one common venue versus tra-ditional and random faxes and emails Having a file processed online avoids the common objection from the short sale lender of ldquoWe didnrsquot receive the docu-mentsrdquo Effective January 1 2013 the newest lender that has started to use Equator is Chase The following lenders and servicers are presently using Equa-tor 1) Bank of America 2) Chase 3) Wells Fargo 4) GMAC 5) Nationstar 6) ASC 7) Carrington Mortgage and 8) Homeward Residential Services
The Equator System assigns applicable tasks to each party (Agent Negotiator Closer etc) including a deadline in which to complete each task I like the fact that the lenders can no longer say ldquoOh we never got that paperworkrdquo However I
donrsquot like the fact that they are tracking our information Nationstar has taken the collection of Buyerrsquos information to a whole new level They require all Buyers to fill out a loan application even though they most likely will not be using Nation-star as a lender This application has been mandatory and this has not been waived on any of my files If you are a Buyer on any property you are required to provide your name address telephone number DOB SS assets employment history and more This is regardless if you are purchasing for investment or personal use and if you are getting a mortgage or pay-ing cash
I believe that the lenders are collecting data against all Buyers and will soon share with each other how many deals each Buyer has purchased I had one student inform me that once he purchased over 10 properties from Bank of America he was no longer allowed to purchase any more in his name his wifersquos name or company name Therefore in the future when all lenders work as a team they will share all of this information and limit the amount of deals that an Investor can purchase Wells Fargo started using a system called Core-Logic approximately 2 years ago which al-lows them to simultaneously check to see who was applying for a mortgage at the same time they were conducting a short sale This caused Investors a hardship
even though they fully disclosed to Wells Fargo their intention to buy resell andor fix the property if they used my paper-work Many short sales were not approved at that time and many Investors had no idea WHY Some of the lenders frown on the fact that Investors are purchasing the property and would rather sell the house to a homeowner
You would think that the lenders since they are funded by Investors would un-derstand how we Investors work We donrsquot buy properties at full value as we are not going to live in the home This is a business and we canrsquot make the Sellerrsquos problem our problem by paying full value It is the Investors like us that are helping the lenders get money and not go under
Now is the time to purchase short sales and if you havenrsquot started you have 10 years to ride the wave so do it now Align yourself with a good Mentor and take flight just like many Investors around the world
Happy Sailing
Comment on this article online at httpatlantareiacomp=19030
Foreclosures gone WilD
Kimberlee Frank 407-888-3255KimberleeForeclosuresGoneWildcom
wwwForeclosuresGoneWildcom
wwwFacebookcomForeclosuresGoneWild
wwwLinkedincominKimberleeFrank
wwwTwittercomKimberleeFrank
Kimberlee Frank is a Master Negotiator who has closed over 600 deals since 1998 She is a Mentor Trainer Author and Real Estate Broker teaching Investors
and Realtors how to creatively purchase and sell short sales with her Step-by-Step System She has helped Investors and Realtors earn hundreds of thousands of dollars
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 15
Atlanta Real Estate Investors Alliance bull FEB 2013
Karen Bershad(770) 356-1234KarenSmallBusinessAdvisorbiz
wwwSmallBusinessAdvisorbiz
Karen Bershad is ldquoThe Small Business Advisorrdquo Most small business owners have a challenge handling all the different areas of
running a business The accounting can be a challenge particularly if the software seems overwhelming The Small Business Advisor is what you may need to get you to the next level of your business We work at your office or provide off site assistance in getting things under control by providing a wide variety of services that are specifically for the small business
How Do I Handle a Refundable Security Deposit in QuickBooksBy Karen Bershad The Small Business Advisor
It is the goal of this column to an-swer questions about QuickBooks and how it is used in the REI arena
Know how to record transactions in the proper way and have your set of books in good shape when it comes time for taxes It is our intention to do this by you the members submitting questions to Karensmallbusinessadvisorbiz and getting answers here in this column
Q I am having difficulty reconciling my bank account I have reviewed each entry and have found that several of my deposits do not match the amount the bank has for them How do I see all my detail on each deposit without click-ing on each one to open it
A Go to Reports ndash Banking ndash and look for a report called ldquoDeposit Detailrdquo It will give you line-by-line detail of your deposits in one report and you can com-pare that to what you have in the bank If you make copies of the checks for each deposit and put it with your deposit ticket on each one that will give you a paper back up of what you actually gave the bank This way if the bank made the error then you have details of what you produced to the bank
Q Why do I need to create sub accounts in my chart of accounts
A The Chart of Accounts is the main driver of the program If you have you accounts set up properly your reports ndash Income Statement and Balance Sheet ndash will be reflected properly You may want sub accounts for some of your ex-penses in particular to be able to see where certain money is being spent For instance ndash if you make sub accounts for Auto Expenses ndash Fuel Repairs amp Maint Tags Tolls amp Parking Insurance etc ndash you then can see that the total amount spent in that areas was not just Fuel which is expensive but you had a major repair done and therefore your compari-son to last year for the same time makes more sense
Q I received a ldquoRefundable Security Depos-itrdquo from my tenant How do I enter this into QuickBooks
A This is a Liability account that you will need to payout at some later date In your chart of accounts you should have a Liability account set up for Security De-posits Escrow ndash or some name that sets it apart from security deposits you paid that are owed back to you (which is an Asset) In the deposit window instead of showing this as income you should go to this special Liability account and book
it to that account When it is time to pay the tenant the money back less any damages if need be you will write the check out and expense it also to this Li-ability account to clear the money from the account
Comment on this article online at httpatlantareiacomp=19023
the QuickBooks Quickie
When yoursquore ready to get started see our Advertising Rates in this issue and then call Christine Griffin at 678-701-7160 or email adminatlantareiacom
httpatlantareiacomthe-profitadvertising-rates
If yoursquore looking to reach the Real Estate Industry here in the Greater Atlanta Metro Area and throughout Georgia you canrsquot do better than The PROFIT Your ad will reach more than 10000 each month with your message Our production teams are among some of the best designers in the country We make you look GOOD
Advertise Your Business in The Profit
American IRA Wants to be a Value Added Service to You or Your Business
Contact our office for any self-directed IRA questions you have or for a free consultation
1-866-7500-IRA(472) or infoamericaniracom
P We do business the old fashioned way At American IRA we pick up the phone
P We offer personalized service catered to each of our clientsrsquo needs
P We provide educational articles live webinars and many other resources
P We have experienced IRA instructors who are available for speaking engagements
P We provide joint webinars which allows you to high-light your services
P We provide free copies of your webinar in CDDVD format for you to promote your services
P We have a resource page on our website to list your services on (certain restrictions apply)
P We are experienced in investinghellip we understand your investment language
wwwAmericanIRAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 17
Atlanta Real Estate Investors Alliance bull FEB 2013
Business By the Book
Greed In Business = Trouble In The Family By Erven Kimble
The relentless drive to acquire the elusive ldquoAmerican Dreamrdquo is what fuels many business profes-
sionals To many in pursuit of the worldrsquos definition of success means ldquogetting more and morerdquo ldquoclimbing the corporate ladder at all costrdquo or perhaps it means ldquothe end justifies the means no matter whatrdquo This kind of ill-advised pursuit requires that a person disconnect other areas of life that makes significant demands on their time and attention One way to separate these distractions is to departmentalize them
Highly motivated entrepreneur and busi-ness professionals often compartmentalize their professional interests from the rest of their personal lives Many ldquogo-gettersrdquo tend to divide their lives into these differ-ent compartments and make decisions as if they are not interconnected For many their thoughts about church religion matters concerning God and the Bible or even their family have little or nothing to do with their day-to-day business decisions and activities that are required to be suc-cessful They rationalize that these differ-ent compartments neatly and separately co-exist For instance one might
bull Define things as being secular versus spiritual
bull Make clear distinctions between that which is personal as opposed to the professional matters
bull Or draw a big distinction between their family life and their business life
The truth of the matter is that God does not view our lives as being compartmen-talized A Biblical view sees the secular as spiritual and our professional and personal lives co-existing in the same space The
actions and the decisions that we make at the office effects what happens at home Whether a person realizes it or not deci-sions and practices in the work place have a direct impact on what happens back on the home front
The relentless drive to get more and more in the workplace is called ldquoGreedrdquo Greed is flaw that ultimately brings distrust and dishonor to all those involved A person in pursuit of unmerited gain is a continuous source of grief for themselves as well as their families Greed and covetousness leads men and women to habitually want more than their share As a results the progres-sive overflow of greed leads to bribes and the kickbacks Bribes and kickbacks are a perversion of justice a misrepresentation that ultimately breeds distrust and dishon-or to all those that are involved including all family members who bear their name
Those who refuse to be involved in these ungodly practices
will find longevity and prosperity
There is energizing freedom and great gratification in honesty that translates into the idea of establishing a legacy Business-men and businesswomen that strive to operate an honest business not only live well themselves they also leave a proud heritage to their children Conversely the foolish and fraudulent leave an inheritance of misery
ldquoThe good people who live honest lives will be a blessing to their childrenrdquo (Pr 207)(NCV)
A familyrsquos religious passion will produce the familyrsquos long-term qualities In other
words the children of ethical parents are the recipients of the divine favor of God The family traits model behavior that is mimicked by the children and ultimately the advantages or the hazards are experi-enced by the next generation When there are models of godly parents who live out their Christian beliefs the children are challenged to become wise themselves
Thoughts to Ponder
I Have you ever considered your business decisions would directly impact your family
II What legacy are you preparing to leave your children or family
III Have you considered the long term generational effect of your business practices
Comment on this article online at httpatlantareiacomp=19001
God does not view our lives as being compartmentalized
ldquoGreedy people bring trouble to their families but the person who canrsquot be paid to do wrong will liverdquo (Pr 1527)(NCV)
Erven Kimble 404-606-8909ElegantHomesLLCYahoocom
wwwPeopleWhoBuyHousescom
wwwFacebookcomEAKimble Erven Kimble is an accomplished pastor teacher author community leader licensed Christian Counselor and Real Estate entrepreneur Erven is a visionary that has faithfully
served as the Senior Pastor of a local church in Lilburn Georgia for twenty years
The author searched the Book of Proverbs and Psalms and extracted wisdom that reference business and finances to produce the series of articles called Business By The Book The purpose of these articles is to present time tested and proven Biblical principles in a way that is practical relevant and beneficial to the average business person
HOME INSPECTION
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major systems InspectIon$60 per Home amp one page summary report
Great for Rehabs
Investor major systems InspectIon25 of your Fees are credited toward
A Full Home Inspection
Investor InspectIon prIcIng on FUll InspectIons
bull 1st Home regular pricebull each Inspection accrues an additional
5 discount on Inspections 2ndash5bull Inspections 6 and beyond are 25 OFF
REI SPECIALS
bull FRee 90-day Home warranty wItH every complete Home InspectIon
bull FRee recall cHeck on applIcances and mecHanIcal components oF tHe Home wItH FRee Updates For lIFe
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bull reportsprInteDon-sItewIthIntheQUoted tIme - GuARAnteeD
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bull 247 onlIne scHedUlIng and docUment sIgnIng
bull FRee repaIrs re-InspectIon and InspectIon Update
bull FRee consUltIng For lIFe vIa pHone emaIl and skype
bull BOnDeD amp InsuReD wItH errors and omIssIons InsUrance
Visit wwwPetesFriendlyHomeInspectioncom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 19
Atlanta Real Estate Investors Alliance bull FEB 2013
Caution Landlords Accepting Money After Filing An Eviction Impacts Your RightsBy Attorney Jon David W Huffman
Landlords often have mixed emo-tions when their tenants call and offer them money after a dispos-
sessory warrant (an eviction) has been filed On one hand landlords are in the business of collecting rent However they worry how it may affect moving forward with the eviction Accepting a payment after an eviction is filed does af-fect your rights
Residential Landlords
A residential landlord has a duty to ac-cept a payment from a tenant who is in default if and only if the tenant tenders ldquoall rents allegedly owed plus the cost of the [eviction]rdquo1 However the tenant can-not wait until the last moment to do this They must tender the full payment within seven days of the day they were served the eviction paperwork2 There is no need to worry about a tenant doing this perpetu-ally because a landlord is only obligated to accept this type of payment once per year3 Making this payment provides a complete defense to the eviction and upon receipt a landlord should dismiss the eviction
If a residential tenant offers a partial pay-ment however BEWARE A residential landlord who accepts a partial payment from a tenant after an eviction has been filed waives his right to continue with the eviction and admits the continuance of the lease4 In simple terms the eviction fails and the landlord must start the eviction process over if he wishes to evict the ten-
ant It does not matter when the partial payment is made ndash whether one hour after the eviction is filed or five minutes before the eviction trial Thus the landlord must either reject the partial payment or if ac-cepted he must restart the eviction process
Commercial Landlords
Perhaps unsurprisingly the law on ldquonon-residentialrdquo or commercial leases allows more freedom to contract
A commercial tenantrsquos right to tender past due rent and the dispossessory fee can be contractually waived5 Indeed in many commercial real estate leases this right is waived All commercial landlords should have an attorney review their lease to en-sure that they have the right to regain possession of their property upon default without giving a tenant the right to pay the past due rent and dispossessory fees
Following the freedom-to-contract prin-ciple a commercial landlord can accept a partial payment without waiving his rights to evict Under OCGA sect 44-7-52(c) a commercial landlord is free to take a par-tial payment and continue the eviction process unhindered Of course any money received would offset the landlordrsquos dam-ages So commercial landlords cash that check and keep on going
Disclaimer The information contained in this article is for informational purposes only and is not legal advice or a substitute for legal counsel
It does not constitute advertising or solicitation The information in this article may or may not reflect the most current legal developments ac-cordingly this article is not guaranteed to be complete and should not be considered an indi-cation of future results
Comment on this article online at httpatlantareiacomp=19013
1 OCGA sect 44-7-52(a)2 Id 3 Id4 Gay v American Oil Co 115 Ga App 18 153 S E 2d 612 (1967)2 Id3 Id4 Gay v American Oil Co 115 Ga App 18 153 S E 2d 612 (1967)5 Hardwick v 3379 Peachtree 184 Ga App 822 824 363 SE2d 31 (1987)
real estate legal report
Jon David Huffman 404-373-4008 x 304JonDavidPooleLawGroupcom
wwwPooleLawGroupcom
wwwJonDavidHuffmancom
Jon David Huffman is a litigation attorney specializing in real estate disputes business disputes and commercial collections With
more than a decade of experience managing small businesses before attending Emory Law School he brings a business ownerrsquos perspective to the practice of law
wwwMeetUpcomAtlantaREIA
Join us on Meetup and RSVP for the meetings you will be attending
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 20
Atlanta Real Estate Investors Alliance bull FEB 2013
With each New Year comes new ventures More and more often investors have
to expand their investment territories in order to stay active As technology con-tinues to make the world a smaller place many investors are also looking at invest-ing in different states and some in differ-ent countries By doing this the amount of inventory increases dramatically if you make the right contacts At the same time if you work with investors that are open in investing out of state or in different coun-tries you have the ability to sell more
With all this said it is not always as easy as it may sound whether you are the buyer or seller As the buyer you need to make a trip to the new area you are looking to invest in The reason to do this is obviously to learn the market but secondly to make a few key contacts in the area The main contacts you need to make are a few wholesalers real estate agents contractors a title company and property management if you are look-ing for rentals Not only will these contacts help you in their area of specialty but they can also be go-to people for a second opinion on any potential deals In order for this to be a win-win situation you want to use these contactsrsquo services For example if you ask a contractor to verify repair cost on a home you should use himher for that project
The suggestions mentioned above also ap-ply to those looking to sell properties out-side their local area of expertise If you are teaming up with a local in a new area make sure you are working with someone that can answer questions experienced investors will need answered Keep in mind that just because someone tells you a property is a good deal to invest in does not mean it is
You may be marketing a property that you would normally not market Even worse you may end up selling a property that you would not have sold if you knew the market better Investors will typically follow you into another statecountry if you have been part of their success in their local market Investors should do their own due diligence but you should do your own before even marketing that deal otherwise you will lose credibility You may not only lose credibil-ity in the new market but also in your local market You can also lose money that you have out for a due diligence period andor earnest money if you discover that you con-tracted a dud Remember the importance of closing once you have a contract in place
Before venturing into a new market make sure you at least make the contacts men-tioned above Let them know your inten-tions of investing andor selling in their area soon but are currently familiarizing yourself with the market This will prevent them from thinking of you as just another window shopper Remember that if you create a win-win-win situation your success will continue to grow
Comment on this article online at httpatlantareiacomp=19041
FroM contract to closing
New TerritoriesBy Michael Vazquez
Michael Vazquez 678-951-9222MichaelPVazquezGmailcom
Michael Vazquez has been offering properties to real estate investors significantly below market value since 2006 in both Texas and Georgia
Michael is always looking to for more investors to work with
Solutions that help you Make More
Work LessUse your iPad iPhone or other mobile device anywhere tohellip
H Find comps and rental rates
H Sign and send contractsH Plan your entire rehabH and so much more
Check it out noW5 Day Trial for only $1
Make More Work LessGo To
MobileRealEstateRockstarcomAtlanta-REIA
Keep up to date with our latest opportunities by joining us on Twitter at wwwTwittercomAtlantaREIA
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 21
Atlanta Real Estate Investors Alliance bull FEB 2013
Every New Yearrsquos Day people consider what they want to ac-complish in the following year
Well we are now 30 days into 2013 and I am sure that you have reflected on 2012 What resolutions did you follow to success What results have you seen from last yearrsquos work
At the beginning of 2013 I reflected on what I considered success Like many of you I realized that I want to improve my monetary financial relationship and problem-solving skills because these lead us to success What is success in 2013 ACHIEVING MORE OF YOUR GOALS
We all know that success in our busi-ness means learning new tricks tips and techniques We must accumulate knowledge and power We must achieve a superior capacity to think and act effectively through presentations best practices and strong strategies We must have a highly competitive advantage a platinum value But how do we strengthen the skills that we MUST have
The ONLY way to achieve this is through what I call PAC Planning Accountability and Consistency
Planning
Planning means success Planning means that you will be prepared to react logically You will be able to carefully consider the market environment re-lationships and finances Planning sets you up for control of your own success
Because Irsquove been in this business for so long one of the many things I can tell you is an easy way to plan-- measure what you are doing Here is how
bull Graph your numbers once a week
bull Reflect on your graphmdashAre your ef-forts showing success
- If not change your strategy
- If so reflect on what you have done and decide how to do it even better
For example wanting to earn $200000 a year is my goaldesired outcome To do this I will work backwards from the goal to the actual steps and processes needed to allow me to achieve the goals These steps are the action plan
ONLY when we know our goals can we outline the steps to get there Only then can
we follow the steps and make adjustments
Accountability and Consistency
Do you make time for your success or do you need support to be consistently accountable to your goals your plan and yourself
This is where I come in I can coach you with your plan accountability and con-sistency PAC
Irsquod like to share some of my action steps for 2013mdashthese are examples of action steps that as your coach I can help you to create plan and execute As your coach I can help you increase your ex-pertise with goals like these by helping you to use the PAC principles
1 Increase my profitability by using my resources effectively and ef-ficiently Example Limit events tasks and time with people which donrsquot align with my goals or which canrsquot be satisfied
2 Create systems situations and op-portunities to meet and present to qualified customers Goal Meet new customers 20 of the time
3 Focus 100 on my emotional physical and mental focus What can I do
4 Debrief after events to increase my expertise
Consistent effort energy time use of resources and learning will allow me to achieve my goals It will help you toomdashif you apply PAC
With PAC and my assistance you can eliminate sabotaging behaviors and be-
hoW to Be a real estate investor
2013 A Year of Achieving Your Goals with PAC By Russ Hiner
Join us for
LATE nITE nETWoRKInGat the Meeting-After-the-MeetingWe meet at the Tilted Kilt Perimeter located 1155-B Mount Vernon Highway in Atlanta right after our Atlanta REIA Main Meeting
PERIMETERcontinued on page 23
Attend Russrsquos Creative Deal Structuring on Feb 9th at 7PM
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 22
Atlanta Real Estate Investors Alliance bull FEB 2013
Welcome back If you read Part One of this article you know that we covered the
other different types of popular real es-tate deals that most people do and the biggest problems with them these days Then we talked about how advantageous it is to do the new type of deals Whole-saling Pretty Houses
But we still have a few important things to cover so letrsquos pick up where we left offhellip
Once you agree on the deal amp terms with the seller you get all the paperwork signed amp closed at either a title compa-ny or attorneyrsquos office No exceptions Yoursquoll want that legal backup in case the seller conveniently forgets what they agreed to later
So now yoursquove got a deal under contract amp all the paperwork signed What now Simple You get it lsquosoldrsquo as an oppor-tunity to a tenant buyer who 1 Has a decent chunk of money to put down (typically $5000+minimum) and 2 Can afford the existing monthly mort-gage payments
For example letrsquos say you have a house worth $250000 The seller owes $260000 with monthly PITI payments of $1550 amp theyrsquore current The house needs little to no repair amp is in a great neighborhood where people want to live The seller just wants to walk amp realizes
that there is NO money to be made on this deal obviously
So at a glance it looks like this
ARV $250kOWE $260k PAYMENT $1550 PITI
currentREPAIRS $0ASKING $0 Just wants out (for what-
ever reason eg job x-ferloss divorce etc)
So you SELL the house on a Lease Purchase (aka lsquoRent to Ownrsquo) to a tenant buyer who falls in love with the house has at least $5000 to put down as Non-Refundable Option Consideration and can easily af-ford the $1550 monthly payments (plus utilities HOA etc obviously)
You arrange the closing at the title compa-nyattorneyrsquos office (have the tenant buyer pay their fee) and collect your check
hellipAND YOUrsquoRE DONE You are OUT of the deal from this
point forward
So what just happened And why would you WANT to be OUT of the deal after that
Good question Letrsquos recap shall we
You found amp negotiated a deal on a house with little to no equity that no one else would touch You solved the sellerrsquos prob-
lem amp they love you for it You then went amp found a tenant buyer who couldnrsquot buy a house now if their life depended on it (in most cases) and gave them an honest op-portunity to eventually buy this beautiful house in a beautiful neighborhoodhellip even if their credit is terrible
(NOTE The worse their credit is the more you should collect as a downpay-ment )
After that the tenant-buyer should just make the monthly mortgage pay-ments as rent There are a few options on how they can do this 1 Pay directly to the seller 2 Pay directly to the mortgage company 3 Pay to a 3rd-party paymentescrow company I highly suggest doing the 3rd so everyone can be sure the pay-ments are made on time There are several companies that will provide this service for you for a nominal fee ranging from $5 to $50mo Check around for more informa-tion on that
So herersquos the next big question WHY would YOU as the investor want to be DONE with the deal after that Why wouldnrsquot you want to get the deed or stay in the deal
Herersquos the answer You WOULD want to stay in the deal (and maybe get the deed)hellip IF
IF the seller has equity IF the house is go-ing UP in value Or IF the mortgage pay-
The Best Deals To Do in Real Estate in 2013 amp Beyond ndash Part 2By Tony Pearl
pearls oF WisDoM
NGaREIANorth GeorGia reia MoNthly MeetiNG
2nd Thursday of Each Month at 700 PMat the Hilton Garden Inn
Cartersville GA
See httpREIOutpostcom for more information
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 23
Atlanta Real Estate Investors Alliance bull FEB 2013
ments are LOW and the rent is HIGH Those are some great examples of why you WOULD want to remain in the deal
But IF the opposite is true you should simply collect your down payment from the seller amp assign that deal that you just lined up Wait a minute Assign the deal WHO would you assign the deal to
Irsquom smiling as I write this and hopefully you will too as you realize the obvious
You ASSIGN the deal right back to the SELLER of the house Does that make sense
When the house goes back up in value amp the tenant buyer is ready to buy guess what
Theyrsquoll buy directly from the seller And you explain all that to everyone involved in the deal
This Type Of Deal Is Tremendously Advantageous
To You When
bull Houses in that area are still declining in value
bull If the seller simply owes too much
bull Or if you just want an easy-in easy-out type of simple deal to do that still quickly puts thousands of dol-lars in your pocket without any risk or rehab
In the example above you got a check for (at least) $5000 pretty quickly and you donrsquot have to deal with the tenant-buyer or the seller ever again if you donrsquot want to In Out Paid Done Simple
Of course there are some important de-tails in the middle that you should learn If these types of deals make sense to you and you would like to learn more either ask your local REIA leader to get more information for you or drop me a line Irsquod love to help
So there you have it I believe that wholesaling pretty houses is one of the best types of deals you can be doing in 2013 amp beyond Itrsquos quick amp easy and there are plenty of deals like that out there now Best of all therersquos VERY little competition to do this For now
Hopefully your competition wonrsquot read this article
Until Next Time
Tony Pearl
Comment on this article online at httpatlantareiacomp=19037
Tony Pearl202-556-0670TonyTonyPearlcom
wwwTonyPearlcom
wwwFacebookcomTonyPearl
wwwTwittercomTheTonyPearl
wwwYoutubecomTonyPearl
Tony Pearl is an entrepreneur copywriter proud father mentor marketing consultant and talented teacher who resides in the Washington DC area He
has traveled to over 26 countries speaks 4 languages and continues to travel extensively He has been a professional Ballroom and Latin dance instructor competitor and exhibitor for over 19 years As a Real Estate Investor Tony has bought and sold over Ten Million dollars worth of real estate and has been educated by and associates with the best
Russ Hiner 404-660-4289RussRHinercom
wwwRHinercom
wwwFacebookcom1RHiner
Russ has been investing in real estate in Atlanta Georgia since 1981 His company currently controls apartment buildings and single-family properties in Georgia and
other states His focus is on raising private capital through Hedge Equity LLC
Russ invests everyday His knowledge and experience is current in the market He is capitalizing on the needs wants and desires of the customer He has a deep level of experience in building relationships with vendors investors tenants sellers and qualified buyers He has the knowledge to negotiate contracts manage rental properties and make his co-investors wealthy He enjoys taking properties which are virtually destroyed renovating them and creating a better community
come accountable Being accountable will lead to success which will give you the confidence to take responsibility for your greatness Confidence is liberating It leads to increased passion for your work With renewed passion 2013 can be your year of commitment and success With renewed energy you can follow your Plan that will lead you to Consis-tency Accountability and SUCCESS
So itrsquos 2013 You have goals
Will you use the same techniques that you did in 2012 Or will you join me and others whom Irsquove worked with in using new tools and renewed energy
What is the action step to begin plan-ning What should you do to help you remain on track
What can you do to make 2013 a differ-ent year for you a year of success
I am looking forward to meeting you and helping you on your way to a suc-cessful 2013
Comment on this article online at httpatlantareiacomp=19035
Achieving Your Goals with PAC cont from p21
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 24
Atlanta Real Estate Investors Alliance bull FEB 2013
How to Quickly Get 10 to 15 Good Rental Properties Paid For Free and Clear By Larry Harbolt
creative Financing is king
Larry Harbolt 727-420-4810LarryHarboltGmailcom
wwwLarryHarboltcom
wwwFacebookcomLarryHarbolt7
wwwTwittercomLarryHarbolt Larry Harbolt is the nationrsquos leading creative Seller Financing expert as well as a popular national real estate speaker and teacher whose time-
tested strategies and nuts and bolts teaching style has helped thousands of aspiring real estate entrepreneurs realize their financial dreams with little or no money and without the need for credit Larry has been successful creatively buying and selling real estate for over 30 years and has written numerous popular articles and real estate courses Larry also has been running a meetup group in St Petersburg FL for real estate investors for over 13 years
We are already in the second month of 2013 and I just had a conversation with one
of my students who wanted to know how to create wealth in the shortest possible pe-riod of time The following is my idea how wealth for any real estate investor can be created in the shortest period of time
Here is an example of how you can quickly achieve financial freedom and then wealth investing in real estate
For instance the first thing you need to do is buy 10 to 15 well selected income pro-ducing properties you are willing to keep long term as your retirement program and the base of your future wealth I personally love the thought of someone else having to go to work every day to earn money they give me in the form of rent each month that pays for my properties without me having to have a job or have to go to work every day Then once you have bought your 10 to 15 keeper rental houses in good neighborhoods with tenants who are pay-ing on time every month letrsquos say $1000 each month of which $520 goes for the monthly loan payment and after monthly expenses of property taxes property insur-ance a maintenance fund and a vacancy fund leaves you from the $1000 gross rent approximately $150 each month to put into your pocket Letrsquos say for each of your keeper rental properties you paid $88000 with very little money down and were able to get seller financing terms for 30 years
Then once you get those 10 to 15 houses free and clear with no debt each month you get to keep the entire $1000 from each house (less taxes and insurance and main-tenance costs) leaving you about $600 to $650 from each house each month Ten houses at $600 each equals $600000 each month paid directly to you to pay your bills Some of you might need 15
houses to achieve your goals If you have 15 houses x $600 net each month will give you $9000 per month income to cover your monthly expenses Once you have that much coming in each month you will have financial freedom but not yet wealth Wealth comes over time Let me show you how to get your properties free and clear in the shortest period of time
Getting Your 10 to 15 Houses Free and Clear In a Short
Period of Time
After you have your base of 10 to 15 houses bought then each year go out and buy an additional 10 to 15 houses The additional 10 to 15 houses you buy each year can be rehabbed and then sold If you were to take all of the profits from the sale of each of the additional 10 to 15 houses (after paying the taxes) and use the money you have left to pay off one or two of the loans on the houses you plan to keep and you did this over and over for a few years your base of rental properties would soon be com-pletely paid for and you would then have enough income coming in each month to be financially free
This is definitely a plausible and possible plan to become financially free in the short-est period of time Once you have done this you will then have more time and money to continue to buy even more houses sim-ply because you will have enough income each month coming in so you donrsquot have to go to a job you hate every day
Once all of your base of income produc-ing properties are completely paid for and are free and clear you will probably truly be a millionaire If you have 15 properties valued at $80000 that are free and clear your net worth will be $80000 X 15 = $1200000 Now you are wealthy
You Must Have a Wealth Building Strategy to Be
Successful
This is how true wealth is created over time People who only wholesale property for a living are not true investors -- they really have a job When a wholesaler buys a property and then passes it on to another person and they get paid a fee that money will be quickly spent and they then have to go out and find another property to whole-sale again so they can get another fee To me thatrsquos a job and I donrsquot want another job I want financial success
If you plan to be a successful real estate in-vestor and create the wealth you want it is going to be very important that you are able to recognize opportunity when it pres-ents itself It took me nearly 25 years to figure this out for myself and that is why I am sharing this information with you now so you can more quickly achieve financial freedom and your eventual wealth
Comment on this article online at httpatlantareiacomp=19032
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
Atlanta Real Estate Investors Alliance bull FEB 2013
Join our Mobile Real Estate Investor VIP ListJust text ATLAnTA to 404-996-1099Standard text message rates apply
Follow us online from your mobile phone at httpAtlantaREIAcom httpFacebookcomAtlantaREIA httpTwittercomAtlantaREIA httpYoutubecomAtlantaREIA httpMeetupcomAtlantaREIA
Want to stay plugged in and connected to Atlanta REIA from
your mobile device
Subscribe to The Profit Newsletter amp Email list at httpSubscribeAtlantaREIAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
For a Limited Time
Wersquore Sharing our Design Firm with our Advertisers
GROW YOUR BUSINESS TODAY placing an ad in The Profit and our design firm River City Consulting will design your ad for FREE Wersquoll also provide you with the digital file to use online and to have printed to use as promotional flyersMinimum 3-month Obligation
When yoursquore ready to get started call Christine Griffin at 678-701-7160 or email adminatlantareiacom
SEE THEIR WORK IN amp ON
AAttllaannttaa RREEIIAA MMeemmbbeerrsshhiipp AApppplliiccaattiioonn Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560
Atlanta REIA Use Only Member ____________ Exp Date ____________ ID Card Printed Sent _________
Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560 rev 1282011
Membership Plans - Choose a Membership Plan
Silver Membership for Individual $100year
Silver Membership for Couple $150year
Gold Membership for Individual $300year
Gold Membership for Couple $300year
Applicant Information - Please print clearly
Applicant 1 Applicant 2
Address
Phone 1 Phone 2
Email 1 Email 2
Sponsor (if applicable)
Payment Information - Please print clearly
Name on Card Total Amount $
Billing Address
Card Type Visa Master Card Discover American Express
Card Number Expiration Date Code
Terms of Sale Disclaimer amp Release The undersigned Applicant(s) hereafter called the Applicant understands and acknowledges that membership in the Atlanta Real Estate Investor Alliance hereafter called Atlanta REIA absolutely does NOT entitle nor make Applicant a legal member of Atlanta REIA LLC the company Applicant acknowledges that Atlanta REIA does not render legal tax economic or investment advice All programs are provided with the understanding that Atlanta REIA is not engaged in rendering legal tax or other professional services If legal tax or other expert assistance is required the services of a competent professional should be sought Atlanta REIA does not investigate its members nor vouch for nor make representation as to the honesty integrity reliability motives andor resources of its members officers directors employees agents and or contractors The Applicant in consideration for hisher acceptance as a member of Atlanta REIA hereby releases discharges and agrees to indemnify Atlanta REIA its officers directors members employees agents andor contractors from any liabilities now accrued or which may hereafter accrue from their actions inactions or communications made by Atlanta REIA andor officers directors members employees agents andor contractors in or through their respective capacities with Atlanta REIA Applicant agrees to comply with the terms and conditions described herein the Code of Ethics and any other terms described on our website at AtlantaREIAcom as well as any other Atlanta REIA rules and regulations Applicant agrees and acknowledges that Atlanta REIA may enforce these codes terms rules and regulations at its sole and absolute discretion and may terminate this membership at any time for any reason whatsoever Applicant grants to Atlanta REIA its representatives and employees the right to take photographs video or audio of Applicant and Applicants property Applicant authorizes Atlanta REIA its assigns and transferees to copyright use and publish the same in print andor electronically Applicant agrees that Atlanta REIA may use such photographs video and audio of Applicant with or without Applicants name and for any lawful purpose including but not limited to publicity illustration advertising and web content Applicant grants permission to Atlanta REIA to contact Applicant regarding membership and related business by phone fax email text message chat programs social networking automated voice broadcast dialers or any other means necessary By completing this application Applicant agrees to give Atlanta REIA permission to bill the credit card above for the membership plan selected above Applicant acknowledges and agrees that the term of membership is one (1) year and that billing for membership will be automatically renewed for one (1) year upon expiration at the then current membership rate and that the appropriate charges be applied to Applicants credit card on file Should Applicant decide to cancel membership a written notice of cancellation must be emailed faxed or sent via postal email to Atlanta REIA at the address email or fax below thirty (30) days prior to the next billing or renewal period Atlanta REIA must acknowledge receipt of this written cancellation notice for it to be valid Membership dues are NON-REFUNDABLE for any reason whatsoever Applicant promises NOT to initiate any refunds or credit card charge backs for these membership dues and related charges at any time Applicant agrees that Atlanta REIA may change the terms of this Agreement or its membership dues at any time by posting such changes to our website at AtlantaREIAcom By continuing membership Applicant agrees to be bound by such changes Applicant will send all written notifications to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 Fax 770-216-1560 Email noticesatlantareiacom With my signature I accept the Terms of Sale Disclaimer amp Release and I authorize Atlanta REIA LLC to charge my credit card for the membership plan above as well as total recurring amount shown I further acknowledge that these membership dues are non-refundable
Applicant 1 (sign) Applicant 2 (sign)
(print) (print)
Date Date
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 27
Atlanta Real Estate Investors Alliance bull FEB 2013
Atlanta REIA Meetings CalendarhttpAtlantaREIAcomMeetings
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
3rd Wednesday of Each MonthLate Nite Networking Buford900 PM ndash Late NiteTilted Kilt 3480 Financial Center Pkwy M1080 Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
3rd Thursday of Each MonthSavannah REIA630 PM ndash 900 PMGallery Espresso234 Bull St Savannah GALeader Aislee Jacksonhttpsavannahreiacom
4th Monday of Each MonthAtlanta REIA West Meeting630 PM ndash 900 PMCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Monday of Each MonthLate Nite Networking Marietta900 PM ndash CloseCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Tuesday of Each MonthNote Buyer Group Meeting630 PM ndash 830 PM Olive Garden 2467 Cobb Parkway SE Smyrna GALeader Tom Boyerhttpnbgatlantareiacom
4th Thursday (Once Per Quarter)Beginning Investors Group Meeting (BIG)630 PM ndash 900 PMChef Robrsquos Caribbean Cafe 5920 Roswell Rd NE A117 Sandy Springs GALeader Alan McDonaldhttpbigatlantareiacom
4th Thursday of Each MonthCash Cows Commercial Group1130 AM ndash 100 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GAhttpcashcowsatlantareiacom
Meets at Various Times Each MonthCash Flow Players Group MeetingTo Be AnnouncedSecrets Factory 2030 Powers Ferry Rd SE 440 Atlanta GALeader Alan McDonaldhttpcashflowatlantareiacom
2nd Wednesday of Each MonthSpanish Investors Networking Group (SING)630 PM ndash 830 PMTaco Depot 4788 Sugarloaf Pkwy 107 Lawrenceville GALeader Michael Vazquezhttpsingatlantareiacom
2nd Wednesday of Each MonthI Love Marketing Group700 PM ndash 900 PMSocial Vinings 3621 Vinings Slope SE Atlanta GALeader Rock Shukoorhttpilmatlantareiacom
2nd Thursday of Each MonthAtlanta REIA South Meeting630 PM ndash 830 PMGiovannarsquos Italian Kitchen 1375 Virginia Ave East Point GALeader Reggie Jackson amp Gordon Cattshttpsouthatlantareiacom
2nd Thursday of Each MonthNorth Georgia REIA700pm - 900pmHilton Garden Inn Cartersville 24 Liberty Drive Cartersville GALeaders Bill amp Kim Cookhttpreioutpostcom
2nd Thursday (Once Per Quarter)Small Business Group (SBG)330 PM ndash 530 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Karen Bershadhttpsbgatlantareiacom
3rd Monday of Each MonthMovers amp Shakers Lunch Meeting1100 AM ndash 130 PM5 Seasons Brewing3655 Old Milton Parkway Alpharetta GALeader Gordon Cattshttpmoversandshakersatlantareiacom
3rd Tuesday of Each MonthGwinnett County Group (The Fish Club)700 PM ndash 900 PMRed Lobster2055 Pleasant Hill Rd Duluth GALeader Aaron McGinnishttpfishclubatlantareiacom
3rd Wednesday of Each MonthAtlanta REIA North Meeting630 PM ndash 830 PM1960 Skylar Hill Dr Suite D Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
February 4th 2013Atlanta REIA Main Meeting530 PM ndash 900 PM Crowne Plaza Ravinia Hotel4355 Ashford Dunwoody Atlanta GA Leader Dustin Griffinhttpmainatlantareiacom
1st Monday of Each MonthLate Nite Networking Dunwoody930 PM ndash Late NiteTilted Kilt 1155-B Mount Vernon Hwy Atlanta GALeader Lee Buddenhttpmainatlantareiacom
1st Monday (Once Per Quarter)Mobile Real Estate Rockstars Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Don DeRosahttprockstarsatlantareiacom
1st Monday (Once Per Quarter) Short Sale amp Foreclosure Group300 PM ndash 530 PMTotal Wine amp More124 Perimeter Center W Atlanta GALeader Bob Masseyhttpssfatlantareiacom
1st Monday (Once Per Quarter)Active Investors Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Gordon Catts
1st Tuesday of Each MonthMountain REIA630 PM ndash 900 PMGolden Corral 2025 Market Place Blvd Cumming GALeader Gordon Cattshttpmountainreiacom
1st Wednesday of Each MonthCreative Deal Structuring Group (CDS)700 PM ndash 900 PMWhitehall Tavern 2391 Peachtree Rd NE Atlanta GALeader Russ Hinerhttpcdsatlantareiacom
Every Thursday (Except Major Holidays)Have amp Wants Meeting130 PM - 330 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Joe Thompsonhttphavesandwantsatlantareiacom
Next Meeting March 28th
Next Game on Sat Feb 9th
Meets Monday Feb 4th
ATLANTA REIA CALENDAR OF EVENTSFEBRUARY 2013
SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
Movers amp Shakers1100am - 130pm
Gwinnett County Group (The Fish Club) 700pm ndash 900pm
I Love Marketing Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pm
Mountain REIA630pm ndash 900pm
Atlanta REIA MAIN MEETING with Bill Cook
530pm ndash 900pmMobile Real Estate Rockstars Group 300-500pm
Creative DealStructuring Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pmAtlanta REIA South Meeting630pm ndash 830pmNorth Georgia REIA700pm - 900pm
NEWSLETTER dESigN PRovidEd by
SNEAK PEEK FOR MARCHMAR 4 ATLANTA REIA MEETING
APR 1 ATLANTA REIA MEETING WITH JAY CONNER
APR 27 FULL DAY WORKSHOP WITH JAY CONNER amp RON LEGRAND
Haves amp Wants Meeting130pm - 330pm
Cash Cows Commercial Group1130am - 100pmHaves amp Wants Meeting130pm - 330pm
Atlanta REIA West Meeting630pm ndash 900pmLate Nite Networking Marietta900 PM ndash Close
Note Buyer Group Meeting 6300pm ndash 830pm
Atlanta REIA North Meeting630pm-830pmLate Nite Networking Buford900pm - Late
Grow Your Wealth With The Financial
Calculator Workshopwith Bill amp Kim Cook
900am - 500pmCartersville GA
Wealth Building Using Self-
Directed IRAswith Dyches Boddiford amp
Pete FortunatoAtlanta GA
- FB
- YT
- MU
- Button 34
- Button 72
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 15
Atlanta Real Estate Investors Alliance bull FEB 2013
Karen Bershad(770) 356-1234KarenSmallBusinessAdvisorbiz
wwwSmallBusinessAdvisorbiz
Karen Bershad is ldquoThe Small Business Advisorrdquo Most small business owners have a challenge handling all the different areas of
running a business The accounting can be a challenge particularly if the software seems overwhelming The Small Business Advisor is what you may need to get you to the next level of your business We work at your office or provide off site assistance in getting things under control by providing a wide variety of services that are specifically for the small business
How Do I Handle a Refundable Security Deposit in QuickBooksBy Karen Bershad The Small Business Advisor
It is the goal of this column to an-swer questions about QuickBooks and how it is used in the REI arena
Know how to record transactions in the proper way and have your set of books in good shape when it comes time for taxes It is our intention to do this by you the members submitting questions to Karensmallbusinessadvisorbiz and getting answers here in this column
Q I am having difficulty reconciling my bank account I have reviewed each entry and have found that several of my deposits do not match the amount the bank has for them How do I see all my detail on each deposit without click-ing on each one to open it
A Go to Reports ndash Banking ndash and look for a report called ldquoDeposit Detailrdquo It will give you line-by-line detail of your deposits in one report and you can com-pare that to what you have in the bank If you make copies of the checks for each deposit and put it with your deposit ticket on each one that will give you a paper back up of what you actually gave the bank This way if the bank made the error then you have details of what you produced to the bank
Q Why do I need to create sub accounts in my chart of accounts
A The Chart of Accounts is the main driver of the program If you have you accounts set up properly your reports ndash Income Statement and Balance Sheet ndash will be reflected properly You may want sub accounts for some of your ex-penses in particular to be able to see where certain money is being spent For instance ndash if you make sub accounts for Auto Expenses ndash Fuel Repairs amp Maint Tags Tolls amp Parking Insurance etc ndash you then can see that the total amount spent in that areas was not just Fuel which is expensive but you had a major repair done and therefore your compari-son to last year for the same time makes more sense
Q I received a ldquoRefundable Security Depos-itrdquo from my tenant How do I enter this into QuickBooks
A This is a Liability account that you will need to payout at some later date In your chart of accounts you should have a Liability account set up for Security De-posits Escrow ndash or some name that sets it apart from security deposits you paid that are owed back to you (which is an Asset) In the deposit window instead of showing this as income you should go to this special Liability account and book
it to that account When it is time to pay the tenant the money back less any damages if need be you will write the check out and expense it also to this Li-ability account to clear the money from the account
Comment on this article online at httpatlantareiacomp=19023
the QuickBooks Quickie
When yoursquore ready to get started see our Advertising Rates in this issue and then call Christine Griffin at 678-701-7160 or email adminatlantareiacom
httpatlantareiacomthe-profitadvertising-rates
If yoursquore looking to reach the Real Estate Industry here in the Greater Atlanta Metro Area and throughout Georgia you canrsquot do better than The PROFIT Your ad will reach more than 10000 each month with your message Our production teams are among some of the best designers in the country We make you look GOOD
Advertise Your Business in The Profit
American IRA Wants to be a Value Added Service to You or Your Business
Contact our office for any self-directed IRA questions you have or for a free consultation
1-866-7500-IRA(472) or infoamericaniracom
P We do business the old fashioned way At American IRA we pick up the phone
P We offer personalized service catered to each of our clientsrsquo needs
P We provide educational articles live webinars and many other resources
P We have experienced IRA instructors who are available for speaking engagements
P We provide joint webinars which allows you to high-light your services
P We provide free copies of your webinar in CDDVD format for you to promote your services
P We have a resource page on our website to list your services on (certain restrictions apply)
P We are experienced in investinghellip we understand your investment language
wwwAmericanIRAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 17
Atlanta Real Estate Investors Alliance bull FEB 2013
Business By the Book
Greed In Business = Trouble In The Family By Erven Kimble
The relentless drive to acquire the elusive ldquoAmerican Dreamrdquo is what fuels many business profes-
sionals To many in pursuit of the worldrsquos definition of success means ldquogetting more and morerdquo ldquoclimbing the corporate ladder at all costrdquo or perhaps it means ldquothe end justifies the means no matter whatrdquo This kind of ill-advised pursuit requires that a person disconnect other areas of life that makes significant demands on their time and attention One way to separate these distractions is to departmentalize them
Highly motivated entrepreneur and busi-ness professionals often compartmentalize their professional interests from the rest of their personal lives Many ldquogo-gettersrdquo tend to divide their lives into these differ-ent compartments and make decisions as if they are not interconnected For many their thoughts about church religion matters concerning God and the Bible or even their family have little or nothing to do with their day-to-day business decisions and activities that are required to be suc-cessful They rationalize that these differ-ent compartments neatly and separately co-exist For instance one might
bull Define things as being secular versus spiritual
bull Make clear distinctions between that which is personal as opposed to the professional matters
bull Or draw a big distinction between their family life and their business life
The truth of the matter is that God does not view our lives as being compartmen-talized A Biblical view sees the secular as spiritual and our professional and personal lives co-existing in the same space The
actions and the decisions that we make at the office effects what happens at home Whether a person realizes it or not deci-sions and practices in the work place have a direct impact on what happens back on the home front
The relentless drive to get more and more in the workplace is called ldquoGreedrdquo Greed is flaw that ultimately brings distrust and dishonor to all those involved A person in pursuit of unmerited gain is a continuous source of grief for themselves as well as their families Greed and covetousness leads men and women to habitually want more than their share As a results the progres-sive overflow of greed leads to bribes and the kickbacks Bribes and kickbacks are a perversion of justice a misrepresentation that ultimately breeds distrust and dishon-or to all those that are involved including all family members who bear their name
Those who refuse to be involved in these ungodly practices
will find longevity and prosperity
There is energizing freedom and great gratification in honesty that translates into the idea of establishing a legacy Business-men and businesswomen that strive to operate an honest business not only live well themselves they also leave a proud heritage to their children Conversely the foolish and fraudulent leave an inheritance of misery
ldquoThe good people who live honest lives will be a blessing to their childrenrdquo (Pr 207)(NCV)
A familyrsquos religious passion will produce the familyrsquos long-term qualities In other
words the children of ethical parents are the recipients of the divine favor of God The family traits model behavior that is mimicked by the children and ultimately the advantages or the hazards are experi-enced by the next generation When there are models of godly parents who live out their Christian beliefs the children are challenged to become wise themselves
Thoughts to Ponder
I Have you ever considered your business decisions would directly impact your family
II What legacy are you preparing to leave your children or family
III Have you considered the long term generational effect of your business practices
Comment on this article online at httpatlantareiacomp=19001
God does not view our lives as being compartmentalized
ldquoGreedy people bring trouble to their families but the person who canrsquot be paid to do wrong will liverdquo (Pr 1527)(NCV)
Erven Kimble 404-606-8909ElegantHomesLLCYahoocom
wwwPeopleWhoBuyHousescom
wwwFacebookcomEAKimble Erven Kimble is an accomplished pastor teacher author community leader licensed Christian Counselor and Real Estate entrepreneur Erven is a visionary that has faithfully
served as the Senior Pastor of a local church in Lilburn Georgia for twenty years
The author searched the Book of Proverbs and Psalms and extracted wisdom that reference business and finances to produce the series of articles called Business By The Book The purpose of these articles is to present time tested and proven Biblical principles in a way that is practical relevant and beneficial to the average business person
HOME INSPECTION
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major systems InspectIon$60 per Home amp one page summary report
Great for Rehabs
Investor major systems InspectIon25 of your Fees are credited toward
A Full Home Inspection
Investor InspectIon prIcIng on FUll InspectIons
bull 1st Home regular pricebull each Inspection accrues an additional
5 discount on Inspections 2ndash5bull Inspections 6 and beyond are 25 OFF
REI SPECIALS
bull FRee 90-day Home warranty wItH every complete Home InspectIon
bull FRee recall cHeck on applIcances and mecHanIcal components oF tHe Home wItH FRee Updates For lIFe
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bull 247 onlIne scHedUlIng and docUment sIgnIng
bull FRee repaIrs re-InspectIon and InspectIon Update
bull FRee consUltIng For lIFe vIa pHone emaIl and skype
bull BOnDeD amp InsuReD wItH errors and omIssIons InsUrance
Visit wwwPetesFriendlyHomeInspectioncom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 19
Atlanta Real Estate Investors Alliance bull FEB 2013
Caution Landlords Accepting Money After Filing An Eviction Impacts Your RightsBy Attorney Jon David W Huffman
Landlords often have mixed emo-tions when their tenants call and offer them money after a dispos-
sessory warrant (an eviction) has been filed On one hand landlords are in the business of collecting rent However they worry how it may affect moving forward with the eviction Accepting a payment after an eviction is filed does af-fect your rights
Residential Landlords
A residential landlord has a duty to ac-cept a payment from a tenant who is in default if and only if the tenant tenders ldquoall rents allegedly owed plus the cost of the [eviction]rdquo1 However the tenant can-not wait until the last moment to do this They must tender the full payment within seven days of the day they were served the eviction paperwork2 There is no need to worry about a tenant doing this perpetu-ally because a landlord is only obligated to accept this type of payment once per year3 Making this payment provides a complete defense to the eviction and upon receipt a landlord should dismiss the eviction
If a residential tenant offers a partial pay-ment however BEWARE A residential landlord who accepts a partial payment from a tenant after an eviction has been filed waives his right to continue with the eviction and admits the continuance of the lease4 In simple terms the eviction fails and the landlord must start the eviction process over if he wishes to evict the ten-
ant It does not matter when the partial payment is made ndash whether one hour after the eviction is filed or five minutes before the eviction trial Thus the landlord must either reject the partial payment or if ac-cepted he must restart the eviction process
Commercial Landlords
Perhaps unsurprisingly the law on ldquonon-residentialrdquo or commercial leases allows more freedom to contract
A commercial tenantrsquos right to tender past due rent and the dispossessory fee can be contractually waived5 Indeed in many commercial real estate leases this right is waived All commercial landlords should have an attorney review their lease to en-sure that they have the right to regain possession of their property upon default without giving a tenant the right to pay the past due rent and dispossessory fees
Following the freedom-to-contract prin-ciple a commercial landlord can accept a partial payment without waiving his rights to evict Under OCGA sect 44-7-52(c) a commercial landlord is free to take a par-tial payment and continue the eviction process unhindered Of course any money received would offset the landlordrsquos dam-ages So commercial landlords cash that check and keep on going
Disclaimer The information contained in this article is for informational purposes only and is not legal advice or a substitute for legal counsel
It does not constitute advertising or solicitation The information in this article may or may not reflect the most current legal developments ac-cordingly this article is not guaranteed to be complete and should not be considered an indi-cation of future results
Comment on this article online at httpatlantareiacomp=19013
1 OCGA sect 44-7-52(a)2 Id 3 Id4 Gay v American Oil Co 115 Ga App 18 153 S E 2d 612 (1967)2 Id3 Id4 Gay v American Oil Co 115 Ga App 18 153 S E 2d 612 (1967)5 Hardwick v 3379 Peachtree 184 Ga App 822 824 363 SE2d 31 (1987)
real estate legal report
Jon David Huffman 404-373-4008 x 304JonDavidPooleLawGroupcom
wwwPooleLawGroupcom
wwwJonDavidHuffmancom
Jon David Huffman is a litigation attorney specializing in real estate disputes business disputes and commercial collections With
more than a decade of experience managing small businesses before attending Emory Law School he brings a business ownerrsquos perspective to the practice of law
wwwMeetUpcomAtlantaREIA
Join us on Meetup and RSVP for the meetings you will be attending
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 20
Atlanta Real Estate Investors Alliance bull FEB 2013
With each New Year comes new ventures More and more often investors have
to expand their investment territories in order to stay active As technology con-tinues to make the world a smaller place many investors are also looking at invest-ing in different states and some in differ-ent countries By doing this the amount of inventory increases dramatically if you make the right contacts At the same time if you work with investors that are open in investing out of state or in different coun-tries you have the ability to sell more
With all this said it is not always as easy as it may sound whether you are the buyer or seller As the buyer you need to make a trip to the new area you are looking to invest in The reason to do this is obviously to learn the market but secondly to make a few key contacts in the area The main contacts you need to make are a few wholesalers real estate agents contractors a title company and property management if you are look-ing for rentals Not only will these contacts help you in their area of specialty but they can also be go-to people for a second opinion on any potential deals In order for this to be a win-win situation you want to use these contactsrsquo services For example if you ask a contractor to verify repair cost on a home you should use himher for that project
The suggestions mentioned above also ap-ply to those looking to sell properties out-side their local area of expertise If you are teaming up with a local in a new area make sure you are working with someone that can answer questions experienced investors will need answered Keep in mind that just because someone tells you a property is a good deal to invest in does not mean it is
You may be marketing a property that you would normally not market Even worse you may end up selling a property that you would not have sold if you knew the market better Investors will typically follow you into another statecountry if you have been part of their success in their local market Investors should do their own due diligence but you should do your own before even marketing that deal otherwise you will lose credibility You may not only lose credibil-ity in the new market but also in your local market You can also lose money that you have out for a due diligence period andor earnest money if you discover that you con-tracted a dud Remember the importance of closing once you have a contract in place
Before venturing into a new market make sure you at least make the contacts men-tioned above Let them know your inten-tions of investing andor selling in their area soon but are currently familiarizing yourself with the market This will prevent them from thinking of you as just another window shopper Remember that if you create a win-win-win situation your success will continue to grow
Comment on this article online at httpatlantareiacomp=19041
FroM contract to closing
New TerritoriesBy Michael Vazquez
Michael Vazquez 678-951-9222MichaelPVazquezGmailcom
Michael Vazquez has been offering properties to real estate investors significantly below market value since 2006 in both Texas and Georgia
Michael is always looking to for more investors to work with
Solutions that help you Make More
Work LessUse your iPad iPhone or other mobile device anywhere tohellip
H Find comps and rental rates
H Sign and send contractsH Plan your entire rehabH and so much more
Check it out noW5 Day Trial for only $1
Make More Work LessGo To
MobileRealEstateRockstarcomAtlanta-REIA
Keep up to date with our latest opportunities by joining us on Twitter at wwwTwittercomAtlantaREIA
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 21
Atlanta Real Estate Investors Alliance bull FEB 2013
Every New Yearrsquos Day people consider what they want to ac-complish in the following year
Well we are now 30 days into 2013 and I am sure that you have reflected on 2012 What resolutions did you follow to success What results have you seen from last yearrsquos work
At the beginning of 2013 I reflected on what I considered success Like many of you I realized that I want to improve my monetary financial relationship and problem-solving skills because these lead us to success What is success in 2013 ACHIEVING MORE OF YOUR GOALS
We all know that success in our busi-ness means learning new tricks tips and techniques We must accumulate knowledge and power We must achieve a superior capacity to think and act effectively through presentations best practices and strong strategies We must have a highly competitive advantage a platinum value But how do we strengthen the skills that we MUST have
The ONLY way to achieve this is through what I call PAC Planning Accountability and Consistency
Planning
Planning means success Planning means that you will be prepared to react logically You will be able to carefully consider the market environment re-lationships and finances Planning sets you up for control of your own success
Because Irsquove been in this business for so long one of the many things I can tell you is an easy way to plan-- measure what you are doing Here is how
bull Graph your numbers once a week
bull Reflect on your graphmdashAre your ef-forts showing success
- If not change your strategy
- If so reflect on what you have done and decide how to do it even better
For example wanting to earn $200000 a year is my goaldesired outcome To do this I will work backwards from the goal to the actual steps and processes needed to allow me to achieve the goals These steps are the action plan
ONLY when we know our goals can we outline the steps to get there Only then can
we follow the steps and make adjustments
Accountability and Consistency
Do you make time for your success or do you need support to be consistently accountable to your goals your plan and yourself
This is where I come in I can coach you with your plan accountability and con-sistency PAC
Irsquod like to share some of my action steps for 2013mdashthese are examples of action steps that as your coach I can help you to create plan and execute As your coach I can help you increase your ex-pertise with goals like these by helping you to use the PAC principles
1 Increase my profitability by using my resources effectively and ef-ficiently Example Limit events tasks and time with people which donrsquot align with my goals or which canrsquot be satisfied
2 Create systems situations and op-portunities to meet and present to qualified customers Goal Meet new customers 20 of the time
3 Focus 100 on my emotional physical and mental focus What can I do
4 Debrief after events to increase my expertise
Consistent effort energy time use of resources and learning will allow me to achieve my goals It will help you toomdashif you apply PAC
With PAC and my assistance you can eliminate sabotaging behaviors and be-
hoW to Be a real estate investor
2013 A Year of Achieving Your Goals with PAC By Russ Hiner
Join us for
LATE nITE nETWoRKInGat the Meeting-After-the-MeetingWe meet at the Tilted Kilt Perimeter located 1155-B Mount Vernon Highway in Atlanta right after our Atlanta REIA Main Meeting
PERIMETERcontinued on page 23
Attend Russrsquos Creative Deal Structuring on Feb 9th at 7PM
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 22
Atlanta Real Estate Investors Alliance bull FEB 2013
Welcome back If you read Part One of this article you know that we covered the
other different types of popular real es-tate deals that most people do and the biggest problems with them these days Then we talked about how advantageous it is to do the new type of deals Whole-saling Pretty Houses
But we still have a few important things to cover so letrsquos pick up where we left offhellip
Once you agree on the deal amp terms with the seller you get all the paperwork signed amp closed at either a title compa-ny or attorneyrsquos office No exceptions Yoursquoll want that legal backup in case the seller conveniently forgets what they agreed to later
So now yoursquove got a deal under contract amp all the paperwork signed What now Simple You get it lsquosoldrsquo as an oppor-tunity to a tenant buyer who 1 Has a decent chunk of money to put down (typically $5000+minimum) and 2 Can afford the existing monthly mort-gage payments
For example letrsquos say you have a house worth $250000 The seller owes $260000 with monthly PITI payments of $1550 amp theyrsquore current The house needs little to no repair amp is in a great neighborhood where people want to live The seller just wants to walk amp realizes
that there is NO money to be made on this deal obviously
So at a glance it looks like this
ARV $250kOWE $260k PAYMENT $1550 PITI
currentREPAIRS $0ASKING $0 Just wants out (for what-
ever reason eg job x-ferloss divorce etc)
So you SELL the house on a Lease Purchase (aka lsquoRent to Ownrsquo) to a tenant buyer who falls in love with the house has at least $5000 to put down as Non-Refundable Option Consideration and can easily af-ford the $1550 monthly payments (plus utilities HOA etc obviously)
You arrange the closing at the title compa-nyattorneyrsquos office (have the tenant buyer pay their fee) and collect your check
hellipAND YOUrsquoRE DONE You are OUT of the deal from this
point forward
So what just happened And why would you WANT to be OUT of the deal after that
Good question Letrsquos recap shall we
You found amp negotiated a deal on a house with little to no equity that no one else would touch You solved the sellerrsquos prob-
lem amp they love you for it You then went amp found a tenant buyer who couldnrsquot buy a house now if their life depended on it (in most cases) and gave them an honest op-portunity to eventually buy this beautiful house in a beautiful neighborhoodhellip even if their credit is terrible
(NOTE The worse their credit is the more you should collect as a downpay-ment )
After that the tenant-buyer should just make the monthly mortgage pay-ments as rent There are a few options on how they can do this 1 Pay directly to the seller 2 Pay directly to the mortgage company 3 Pay to a 3rd-party paymentescrow company I highly suggest doing the 3rd so everyone can be sure the pay-ments are made on time There are several companies that will provide this service for you for a nominal fee ranging from $5 to $50mo Check around for more informa-tion on that
So herersquos the next big question WHY would YOU as the investor want to be DONE with the deal after that Why wouldnrsquot you want to get the deed or stay in the deal
Herersquos the answer You WOULD want to stay in the deal (and maybe get the deed)hellip IF
IF the seller has equity IF the house is go-ing UP in value Or IF the mortgage pay-
The Best Deals To Do in Real Estate in 2013 amp Beyond ndash Part 2By Tony Pearl
pearls oF WisDoM
NGaREIANorth GeorGia reia MoNthly MeetiNG
2nd Thursday of Each Month at 700 PMat the Hilton Garden Inn
Cartersville GA
See httpREIOutpostcom for more information
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 23
Atlanta Real Estate Investors Alliance bull FEB 2013
ments are LOW and the rent is HIGH Those are some great examples of why you WOULD want to remain in the deal
But IF the opposite is true you should simply collect your down payment from the seller amp assign that deal that you just lined up Wait a minute Assign the deal WHO would you assign the deal to
Irsquom smiling as I write this and hopefully you will too as you realize the obvious
You ASSIGN the deal right back to the SELLER of the house Does that make sense
When the house goes back up in value amp the tenant buyer is ready to buy guess what
Theyrsquoll buy directly from the seller And you explain all that to everyone involved in the deal
This Type Of Deal Is Tremendously Advantageous
To You When
bull Houses in that area are still declining in value
bull If the seller simply owes too much
bull Or if you just want an easy-in easy-out type of simple deal to do that still quickly puts thousands of dol-lars in your pocket without any risk or rehab
In the example above you got a check for (at least) $5000 pretty quickly and you donrsquot have to deal with the tenant-buyer or the seller ever again if you donrsquot want to In Out Paid Done Simple
Of course there are some important de-tails in the middle that you should learn If these types of deals make sense to you and you would like to learn more either ask your local REIA leader to get more information for you or drop me a line Irsquod love to help
So there you have it I believe that wholesaling pretty houses is one of the best types of deals you can be doing in 2013 amp beyond Itrsquos quick amp easy and there are plenty of deals like that out there now Best of all therersquos VERY little competition to do this For now
Hopefully your competition wonrsquot read this article
Until Next Time
Tony Pearl
Comment on this article online at httpatlantareiacomp=19037
Tony Pearl202-556-0670TonyTonyPearlcom
wwwTonyPearlcom
wwwFacebookcomTonyPearl
wwwTwittercomTheTonyPearl
wwwYoutubecomTonyPearl
Tony Pearl is an entrepreneur copywriter proud father mentor marketing consultant and talented teacher who resides in the Washington DC area He
has traveled to over 26 countries speaks 4 languages and continues to travel extensively He has been a professional Ballroom and Latin dance instructor competitor and exhibitor for over 19 years As a Real Estate Investor Tony has bought and sold over Ten Million dollars worth of real estate and has been educated by and associates with the best
Russ Hiner 404-660-4289RussRHinercom
wwwRHinercom
wwwFacebookcom1RHiner
Russ has been investing in real estate in Atlanta Georgia since 1981 His company currently controls apartment buildings and single-family properties in Georgia and
other states His focus is on raising private capital through Hedge Equity LLC
Russ invests everyday His knowledge and experience is current in the market He is capitalizing on the needs wants and desires of the customer He has a deep level of experience in building relationships with vendors investors tenants sellers and qualified buyers He has the knowledge to negotiate contracts manage rental properties and make his co-investors wealthy He enjoys taking properties which are virtually destroyed renovating them and creating a better community
come accountable Being accountable will lead to success which will give you the confidence to take responsibility for your greatness Confidence is liberating It leads to increased passion for your work With renewed passion 2013 can be your year of commitment and success With renewed energy you can follow your Plan that will lead you to Consis-tency Accountability and SUCCESS
So itrsquos 2013 You have goals
Will you use the same techniques that you did in 2012 Or will you join me and others whom Irsquove worked with in using new tools and renewed energy
What is the action step to begin plan-ning What should you do to help you remain on track
What can you do to make 2013 a differ-ent year for you a year of success
I am looking forward to meeting you and helping you on your way to a suc-cessful 2013
Comment on this article online at httpatlantareiacomp=19035
Achieving Your Goals with PAC cont from p21
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 24
Atlanta Real Estate Investors Alliance bull FEB 2013
How to Quickly Get 10 to 15 Good Rental Properties Paid For Free and Clear By Larry Harbolt
creative Financing is king
Larry Harbolt 727-420-4810LarryHarboltGmailcom
wwwLarryHarboltcom
wwwFacebookcomLarryHarbolt7
wwwTwittercomLarryHarbolt Larry Harbolt is the nationrsquos leading creative Seller Financing expert as well as a popular national real estate speaker and teacher whose time-
tested strategies and nuts and bolts teaching style has helped thousands of aspiring real estate entrepreneurs realize their financial dreams with little or no money and without the need for credit Larry has been successful creatively buying and selling real estate for over 30 years and has written numerous popular articles and real estate courses Larry also has been running a meetup group in St Petersburg FL for real estate investors for over 13 years
We are already in the second month of 2013 and I just had a conversation with one
of my students who wanted to know how to create wealth in the shortest possible pe-riod of time The following is my idea how wealth for any real estate investor can be created in the shortest period of time
Here is an example of how you can quickly achieve financial freedom and then wealth investing in real estate
For instance the first thing you need to do is buy 10 to 15 well selected income pro-ducing properties you are willing to keep long term as your retirement program and the base of your future wealth I personally love the thought of someone else having to go to work every day to earn money they give me in the form of rent each month that pays for my properties without me having to have a job or have to go to work every day Then once you have bought your 10 to 15 keeper rental houses in good neighborhoods with tenants who are pay-ing on time every month letrsquos say $1000 each month of which $520 goes for the monthly loan payment and after monthly expenses of property taxes property insur-ance a maintenance fund and a vacancy fund leaves you from the $1000 gross rent approximately $150 each month to put into your pocket Letrsquos say for each of your keeper rental properties you paid $88000 with very little money down and were able to get seller financing terms for 30 years
Then once you get those 10 to 15 houses free and clear with no debt each month you get to keep the entire $1000 from each house (less taxes and insurance and main-tenance costs) leaving you about $600 to $650 from each house each month Ten houses at $600 each equals $600000 each month paid directly to you to pay your bills Some of you might need 15
houses to achieve your goals If you have 15 houses x $600 net each month will give you $9000 per month income to cover your monthly expenses Once you have that much coming in each month you will have financial freedom but not yet wealth Wealth comes over time Let me show you how to get your properties free and clear in the shortest period of time
Getting Your 10 to 15 Houses Free and Clear In a Short
Period of Time
After you have your base of 10 to 15 houses bought then each year go out and buy an additional 10 to 15 houses The additional 10 to 15 houses you buy each year can be rehabbed and then sold If you were to take all of the profits from the sale of each of the additional 10 to 15 houses (after paying the taxes) and use the money you have left to pay off one or two of the loans on the houses you plan to keep and you did this over and over for a few years your base of rental properties would soon be com-pletely paid for and you would then have enough income coming in each month to be financially free
This is definitely a plausible and possible plan to become financially free in the short-est period of time Once you have done this you will then have more time and money to continue to buy even more houses sim-ply because you will have enough income each month coming in so you donrsquot have to go to a job you hate every day
Once all of your base of income produc-ing properties are completely paid for and are free and clear you will probably truly be a millionaire If you have 15 properties valued at $80000 that are free and clear your net worth will be $80000 X 15 = $1200000 Now you are wealthy
You Must Have a Wealth Building Strategy to Be
Successful
This is how true wealth is created over time People who only wholesale property for a living are not true investors -- they really have a job When a wholesaler buys a property and then passes it on to another person and they get paid a fee that money will be quickly spent and they then have to go out and find another property to whole-sale again so they can get another fee To me thatrsquos a job and I donrsquot want another job I want financial success
If you plan to be a successful real estate in-vestor and create the wealth you want it is going to be very important that you are able to recognize opportunity when it pres-ents itself It took me nearly 25 years to figure this out for myself and that is why I am sharing this information with you now so you can more quickly achieve financial freedom and your eventual wealth
Comment on this article online at httpatlantareiacomp=19032
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
Atlanta Real Estate Investors Alliance bull FEB 2013
Join our Mobile Real Estate Investor VIP ListJust text ATLAnTA to 404-996-1099Standard text message rates apply
Follow us online from your mobile phone at httpAtlantaREIAcom httpFacebookcomAtlantaREIA httpTwittercomAtlantaREIA httpYoutubecomAtlantaREIA httpMeetupcomAtlantaREIA
Want to stay plugged in and connected to Atlanta REIA from
your mobile device
Subscribe to The Profit Newsletter amp Email list at httpSubscribeAtlantaREIAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
For a Limited Time
Wersquore Sharing our Design Firm with our Advertisers
GROW YOUR BUSINESS TODAY placing an ad in The Profit and our design firm River City Consulting will design your ad for FREE Wersquoll also provide you with the digital file to use online and to have printed to use as promotional flyersMinimum 3-month Obligation
When yoursquore ready to get started call Christine Griffin at 678-701-7160 or email adminatlantareiacom
SEE THEIR WORK IN amp ON
AAttllaannttaa RREEIIAA MMeemmbbeerrsshhiipp AApppplliiccaattiioonn Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560
Atlanta REIA Use Only Member ____________ Exp Date ____________ ID Card Printed Sent _________
Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560 rev 1282011
Membership Plans - Choose a Membership Plan
Silver Membership for Individual $100year
Silver Membership for Couple $150year
Gold Membership for Individual $300year
Gold Membership for Couple $300year
Applicant Information - Please print clearly
Applicant 1 Applicant 2
Address
Phone 1 Phone 2
Email 1 Email 2
Sponsor (if applicable)
Payment Information - Please print clearly
Name on Card Total Amount $
Billing Address
Card Type Visa Master Card Discover American Express
Card Number Expiration Date Code
Terms of Sale Disclaimer amp Release The undersigned Applicant(s) hereafter called the Applicant understands and acknowledges that membership in the Atlanta Real Estate Investor Alliance hereafter called Atlanta REIA absolutely does NOT entitle nor make Applicant a legal member of Atlanta REIA LLC the company Applicant acknowledges that Atlanta REIA does not render legal tax economic or investment advice All programs are provided with the understanding that Atlanta REIA is not engaged in rendering legal tax or other professional services If legal tax or other expert assistance is required the services of a competent professional should be sought Atlanta REIA does not investigate its members nor vouch for nor make representation as to the honesty integrity reliability motives andor resources of its members officers directors employees agents and or contractors The Applicant in consideration for hisher acceptance as a member of Atlanta REIA hereby releases discharges and agrees to indemnify Atlanta REIA its officers directors members employees agents andor contractors from any liabilities now accrued or which may hereafter accrue from their actions inactions or communications made by Atlanta REIA andor officers directors members employees agents andor contractors in or through their respective capacities with Atlanta REIA Applicant agrees to comply with the terms and conditions described herein the Code of Ethics and any other terms described on our website at AtlantaREIAcom as well as any other Atlanta REIA rules and regulations Applicant agrees and acknowledges that Atlanta REIA may enforce these codes terms rules and regulations at its sole and absolute discretion and may terminate this membership at any time for any reason whatsoever Applicant grants to Atlanta REIA its representatives and employees the right to take photographs video or audio of Applicant and Applicants property Applicant authorizes Atlanta REIA its assigns and transferees to copyright use and publish the same in print andor electronically Applicant agrees that Atlanta REIA may use such photographs video and audio of Applicant with or without Applicants name and for any lawful purpose including but not limited to publicity illustration advertising and web content Applicant grants permission to Atlanta REIA to contact Applicant regarding membership and related business by phone fax email text message chat programs social networking automated voice broadcast dialers or any other means necessary By completing this application Applicant agrees to give Atlanta REIA permission to bill the credit card above for the membership plan selected above Applicant acknowledges and agrees that the term of membership is one (1) year and that billing for membership will be automatically renewed for one (1) year upon expiration at the then current membership rate and that the appropriate charges be applied to Applicants credit card on file Should Applicant decide to cancel membership a written notice of cancellation must be emailed faxed or sent via postal email to Atlanta REIA at the address email or fax below thirty (30) days prior to the next billing or renewal period Atlanta REIA must acknowledge receipt of this written cancellation notice for it to be valid Membership dues are NON-REFUNDABLE for any reason whatsoever Applicant promises NOT to initiate any refunds or credit card charge backs for these membership dues and related charges at any time Applicant agrees that Atlanta REIA may change the terms of this Agreement or its membership dues at any time by posting such changes to our website at AtlantaREIAcom By continuing membership Applicant agrees to be bound by such changes Applicant will send all written notifications to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 Fax 770-216-1560 Email noticesatlantareiacom With my signature I accept the Terms of Sale Disclaimer amp Release and I authorize Atlanta REIA LLC to charge my credit card for the membership plan above as well as total recurring amount shown I further acknowledge that these membership dues are non-refundable
Applicant 1 (sign) Applicant 2 (sign)
(print) (print)
Date Date
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 27
Atlanta Real Estate Investors Alliance bull FEB 2013
Atlanta REIA Meetings CalendarhttpAtlantaREIAcomMeetings
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
3rd Wednesday of Each MonthLate Nite Networking Buford900 PM ndash Late NiteTilted Kilt 3480 Financial Center Pkwy M1080 Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
3rd Thursday of Each MonthSavannah REIA630 PM ndash 900 PMGallery Espresso234 Bull St Savannah GALeader Aislee Jacksonhttpsavannahreiacom
4th Monday of Each MonthAtlanta REIA West Meeting630 PM ndash 900 PMCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Monday of Each MonthLate Nite Networking Marietta900 PM ndash CloseCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Tuesday of Each MonthNote Buyer Group Meeting630 PM ndash 830 PM Olive Garden 2467 Cobb Parkway SE Smyrna GALeader Tom Boyerhttpnbgatlantareiacom
4th Thursday (Once Per Quarter)Beginning Investors Group Meeting (BIG)630 PM ndash 900 PMChef Robrsquos Caribbean Cafe 5920 Roswell Rd NE A117 Sandy Springs GALeader Alan McDonaldhttpbigatlantareiacom
4th Thursday of Each MonthCash Cows Commercial Group1130 AM ndash 100 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GAhttpcashcowsatlantareiacom
Meets at Various Times Each MonthCash Flow Players Group MeetingTo Be AnnouncedSecrets Factory 2030 Powers Ferry Rd SE 440 Atlanta GALeader Alan McDonaldhttpcashflowatlantareiacom
2nd Wednesday of Each MonthSpanish Investors Networking Group (SING)630 PM ndash 830 PMTaco Depot 4788 Sugarloaf Pkwy 107 Lawrenceville GALeader Michael Vazquezhttpsingatlantareiacom
2nd Wednesday of Each MonthI Love Marketing Group700 PM ndash 900 PMSocial Vinings 3621 Vinings Slope SE Atlanta GALeader Rock Shukoorhttpilmatlantareiacom
2nd Thursday of Each MonthAtlanta REIA South Meeting630 PM ndash 830 PMGiovannarsquos Italian Kitchen 1375 Virginia Ave East Point GALeader Reggie Jackson amp Gordon Cattshttpsouthatlantareiacom
2nd Thursday of Each MonthNorth Georgia REIA700pm - 900pmHilton Garden Inn Cartersville 24 Liberty Drive Cartersville GALeaders Bill amp Kim Cookhttpreioutpostcom
2nd Thursday (Once Per Quarter)Small Business Group (SBG)330 PM ndash 530 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Karen Bershadhttpsbgatlantareiacom
3rd Monday of Each MonthMovers amp Shakers Lunch Meeting1100 AM ndash 130 PM5 Seasons Brewing3655 Old Milton Parkway Alpharetta GALeader Gordon Cattshttpmoversandshakersatlantareiacom
3rd Tuesday of Each MonthGwinnett County Group (The Fish Club)700 PM ndash 900 PMRed Lobster2055 Pleasant Hill Rd Duluth GALeader Aaron McGinnishttpfishclubatlantareiacom
3rd Wednesday of Each MonthAtlanta REIA North Meeting630 PM ndash 830 PM1960 Skylar Hill Dr Suite D Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
February 4th 2013Atlanta REIA Main Meeting530 PM ndash 900 PM Crowne Plaza Ravinia Hotel4355 Ashford Dunwoody Atlanta GA Leader Dustin Griffinhttpmainatlantareiacom
1st Monday of Each MonthLate Nite Networking Dunwoody930 PM ndash Late NiteTilted Kilt 1155-B Mount Vernon Hwy Atlanta GALeader Lee Buddenhttpmainatlantareiacom
1st Monday (Once Per Quarter)Mobile Real Estate Rockstars Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Don DeRosahttprockstarsatlantareiacom
1st Monday (Once Per Quarter) Short Sale amp Foreclosure Group300 PM ndash 530 PMTotal Wine amp More124 Perimeter Center W Atlanta GALeader Bob Masseyhttpssfatlantareiacom
1st Monday (Once Per Quarter)Active Investors Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Gordon Catts
1st Tuesday of Each MonthMountain REIA630 PM ndash 900 PMGolden Corral 2025 Market Place Blvd Cumming GALeader Gordon Cattshttpmountainreiacom
1st Wednesday of Each MonthCreative Deal Structuring Group (CDS)700 PM ndash 900 PMWhitehall Tavern 2391 Peachtree Rd NE Atlanta GALeader Russ Hinerhttpcdsatlantareiacom
Every Thursday (Except Major Holidays)Have amp Wants Meeting130 PM - 330 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Joe Thompsonhttphavesandwantsatlantareiacom
Next Meeting March 28th
Next Game on Sat Feb 9th
Meets Monday Feb 4th
ATLANTA REIA CALENDAR OF EVENTSFEBRUARY 2013
SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
Movers amp Shakers1100am - 130pm
Gwinnett County Group (The Fish Club) 700pm ndash 900pm
I Love Marketing Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pm
Mountain REIA630pm ndash 900pm
Atlanta REIA MAIN MEETING with Bill Cook
530pm ndash 900pmMobile Real Estate Rockstars Group 300-500pm
Creative DealStructuring Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pmAtlanta REIA South Meeting630pm ndash 830pmNorth Georgia REIA700pm - 900pm
NEWSLETTER dESigN PRovidEd by
SNEAK PEEK FOR MARCHMAR 4 ATLANTA REIA MEETING
APR 1 ATLANTA REIA MEETING WITH JAY CONNER
APR 27 FULL DAY WORKSHOP WITH JAY CONNER amp RON LEGRAND
Haves amp Wants Meeting130pm - 330pm
Cash Cows Commercial Group1130am - 100pmHaves amp Wants Meeting130pm - 330pm
Atlanta REIA West Meeting630pm ndash 900pmLate Nite Networking Marietta900 PM ndash Close
Note Buyer Group Meeting 6300pm ndash 830pm
Atlanta REIA North Meeting630pm-830pmLate Nite Networking Buford900pm - Late
Grow Your Wealth With The Financial
Calculator Workshopwith Bill amp Kim Cook
900am - 500pmCartersville GA
Wealth Building Using Self-
Directed IRAswith Dyches Boddiford amp
Pete FortunatoAtlanta GA
- FB
- YT
- MU
- Button 34
- Button 72
American IRA Wants to be a Value Added Service to You or Your Business
Contact our office for any self-directed IRA questions you have or for a free consultation
1-866-7500-IRA(472) or infoamericaniracom
P We do business the old fashioned way At American IRA we pick up the phone
P We offer personalized service catered to each of our clientsrsquo needs
P We provide educational articles live webinars and many other resources
P We have experienced IRA instructors who are available for speaking engagements
P We provide joint webinars which allows you to high-light your services
P We provide free copies of your webinar in CDDVD format for you to promote your services
P We have a resource page on our website to list your services on (certain restrictions apply)
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wwwAmericanIRAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 17
Atlanta Real Estate Investors Alliance bull FEB 2013
Business By the Book
Greed In Business = Trouble In The Family By Erven Kimble
The relentless drive to acquire the elusive ldquoAmerican Dreamrdquo is what fuels many business profes-
sionals To many in pursuit of the worldrsquos definition of success means ldquogetting more and morerdquo ldquoclimbing the corporate ladder at all costrdquo or perhaps it means ldquothe end justifies the means no matter whatrdquo This kind of ill-advised pursuit requires that a person disconnect other areas of life that makes significant demands on their time and attention One way to separate these distractions is to departmentalize them
Highly motivated entrepreneur and busi-ness professionals often compartmentalize their professional interests from the rest of their personal lives Many ldquogo-gettersrdquo tend to divide their lives into these differ-ent compartments and make decisions as if they are not interconnected For many their thoughts about church religion matters concerning God and the Bible or even their family have little or nothing to do with their day-to-day business decisions and activities that are required to be suc-cessful They rationalize that these differ-ent compartments neatly and separately co-exist For instance one might
bull Define things as being secular versus spiritual
bull Make clear distinctions between that which is personal as opposed to the professional matters
bull Or draw a big distinction between their family life and their business life
The truth of the matter is that God does not view our lives as being compartmen-talized A Biblical view sees the secular as spiritual and our professional and personal lives co-existing in the same space The
actions and the decisions that we make at the office effects what happens at home Whether a person realizes it or not deci-sions and practices in the work place have a direct impact on what happens back on the home front
The relentless drive to get more and more in the workplace is called ldquoGreedrdquo Greed is flaw that ultimately brings distrust and dishonor to all those involved A person in pursuit of unmerited gain is a continuous source of grief for themselves as well as their families Greed and covetousness leads men and women to habitually want more than their share As a results the progres-sive overflow of greed leads to bribes and the kickbacks Bribes and kickbacks are a perversion of justice a misrepresentation that ultimately breeds distrust and dishon-or to all those that are involved including all family members who bear their name
Those who refuse to be involved in these ungodly practices
will find longevity and prosperity
There is energizing freedom and great gratification in honesty that translates into the idea of establishing a legacy Business-men and businesswomen that strive to operate an honest business not only live well themselves they also leave a proud heritage to their children Conversely the foolish and fraudulent leave an inheritance of misery
ldquoThe good people who live honest lives will be a blessing to their childrenrdquo (Pr 207)(NCV)
A familyrsquos religious passion will produce the familyrsquos long-term qualities In other
words the children of ethical parents are the recipients of the divine favor of God The family traits model behavior that is mimicked by the children and ultimately the advantages or the hazards are experi-enced by the next generation When there are models of godly parents who live out their Christian beliefs the children are challenged to become wise themselves
Thoughts to Ponder
I Have you ever considered your business decisions would directly impact your family
II What legacy are you preparing to leave your children or family
III Have you considered the long term generational effect of your business practices
Comment on this article online at httpatlantareiacomp=19001
God does not view our lives as being compartmentalized
ldquoGreedy people bring trouble to their families but the person who canrsquot be paid to do wrong will liverdquo (Pr 1527)(NCV)
Erven Kimble 404-606-8909ElegantHomesLLCYahoocom
wwwPeopleWhoBuyHousescom
wwwFacebookcomEAKimble Erven Kimble is an accomplished pastor teacher author community leader licensed Christian Counselor and Real Estate entrepreneur Erven is a visionary that has faithfully
served as the Senior Pastor of a local church in Lilburn Georgia for twenty years
The author searched the Book of Proverbs and Psalms and extracted wisdom that reference business and finances to produce the series of articles called Business By The Book The purpose of these articles is to present time tested and proven Biblical principles in a way that is practical relevant and beneficial to the average business person
HOME INSPECTION
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copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 19
Atlanta Real Estate Investors Alliance bull FEB 2013
Caution Landlords Accepting Money After Filing An Eviction Impacts Your RightsBy Attorney Jon David W Huffman
Landlords often have mixed emo-tions when their tenants call and offer them money after a dispos-
sessory warrant (an eviction) has been filed On one hand landlords are in the business of collecting rent However they worry how it may affect moving forward with the eviction Accepting a payment after an eviction is filed does af-fect your rights
Residential Landlords
A residential landlord has a duty to ac-cept a payment from a tenant who is in default if and only if the tenant tenders ldquoall rents allegedly owed plus the cost of the [eviction]rdquo1 However the tenant can-not wait until the last moment to do this They must tender the full payment within seven days of the day they were served the eviction paperwork2 There is no need to worry about a tenant doing this perpetu-ally because a landlord is only obligated to accept this type of payment once per year3 Making this payment provides a complete defense to the eviction and upon receipt a landlord should dismiss the eviction
If a residential tenant offers a partial pay-ment however BEWARE A residential landlord who accepts a partial payment from a tenant after an eviction has been filed waives his right to continue with the eviction and admits the continuance of the lease4 In simple terms the eviction fails and the landlord must start the eviction process over if he wishes to evict the ten-
ant It does not matter when the partial payment is made ndash whether one hour after the eviction is filed or five minutes before the eviction trial Thus the landlord must either reject the partial payment or if ac-cepted he must restart the eviction process
Commercial Landlords
Perhaps unsurprisingly the law on ldquonon-residentialrdquo or commercial leases allows more freedom to contract
A commercial tenantrsquos right to tender past due rent and the dispossessory fee can be contractually waived5 Indeed in many commercial real estate leases this right is waived All commercial landlords should have an attorney review their lease to en-sure that they have the right to regain possession of their property upon default without giving a tenant the right to pay the past due rent and dispossessory fees
Following the freedom-to-contract prin-ciple a commercial landlord can accept a partial payment without waiving his rights to evict Under OCGA sect 44-7-52(c) a commercial landlord is free to take a par-tial payment and continue the eviction process unhindered Of course any money received would offset the landlordrsquos dam-ages So commercial landlords cash that check and keep on going
Disclaimer The information contained in this article is for informational purposes only and is not legal advice or a substitute for legal counsel
It does not constitute advertising or solicitation The information in this article may or may not reflect the most current legal developments ac-cordingly this article is not guaranteed to be complete and should not be considered an indi-cation of future results
Comment on this article online at httpatlantareiacomp=19013
1 OCGA sect 44-7-52(a)2 Id 3 Id4 Gay v American Oil Co 115 Ga App 18 153 S E 2d 612 (1967)2 Id3 Id4 Gay v American Oil Co 115 Ga App 18 153 S E 2d 612 (1967)5 Hardwick v 3379 Peachtree 184 Ga App 822 824 363 SE2d 31 (1987)
real estate legal report
Jon David Huffman 404-373-4008 x 304JonDavidPooleLawGroupcom
wwwPooleLawGroupcom
wwwJonDavidHuffmancom
Jon David Huffman is a litigation attorney specializing in real estate disputes business disputes and commercial collections With
more than a decade of experience managing small businesses before attending Emory Law School he brings a business ownerrsquos perspective to the practice of law
wwwMeetUpcomAtlantaREIA
Join us on Meetup and RSVP for the meetings you will be attending
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 20
Atlanta Real Estate Investors Alliance bull FEB 2013
With each New Year comes new ventures More and more often investors have
to expand their investment territories in order to stay active As technology con-tinues to make the world a smaller place many investors are also looking at invest-ing in different states and some in differ-ent countries By doing this the amount of inventory increases dramatically if you make the right contacts At the same time if you work with investors that are open in investing out of state or in different coun-tries you have the ability to sell more
With all this said it is not always as easy as it may sound whether you are the buyer or seller As the buyer you need to make a trip to the new area you are looking to invest in The reason to do this is obviously to learn the market but secondly to make a few key contacts in the area The main contacts you need to make are a few wholesalers real estate agents contractors a title company and property management if you are look-ing for rentals Not only will these contacts help you in their area of specialty but they can also be go-to people for a second opinion on any potential deals In order for this to be a win-win situation you want to use these contactsrsquo services For example if you ask a contractor to verify repair cost on a home you should use himher for that project
The suggestions mentioned above also ap-ply to those looking to sell properties out-side their local area of expertise If you are teaming up with a local in a new area make sure you are working with someone that can answer questions experienced investors will need answered Keep in mind that just because someone tells you a property is a good deal to invest in does not mean it is
You may be marketing a property that you would normally not market Even worse you may end up selling a property that you would not have sold if you knew the market better Investors will typically follow you into another statecountry if you have been part of their success in their local market Investors should do their own due diligence but you should do your own before even marketing that deal otherwise you will lose credibility You may not only lose credibil-ity in the new market but also in your local market You can also lose money that you have out for a due diligence period andor earnest money if you discover that you con-tracted a dud Remember the importance of closing once you have a contract in place
Before venturing into a new market make sure you at least make the contacts men-tioned above Let them know your inten-tions of investing andor selling in their area soon but are currently familiarizing yourself with the market This will prevent them from thinking of you as just another window shopper Remember that if you create a win-win-win situation your success will continue to grow
Comment on this article online at httpatlantareiacomp=19041
FroM contract to closing
New TerritoriesBy Michael Vazquez
Michael Vazquez 678-951-9222MichaelPVazquezGmailcom
Michael Vazquez has been offering properties to real estate investors significantly below market value since 2006 in both Texas and Georgia
Michael is always looking to for more investors to work with
Solutions that help you Make More
Work LessUse your iPad iPhone or other mobile device anywhere tohellip
H Find comps and rental rates
H Sign and send contractsH Plan your entire rehabH and so much more
Check it out noW5 Day Trial for only $1
Make More Work LessGo To
MobileRealEstateRockstarcomAtlanta-REIA
Keep up to date with our latest opportunities by joining us on Twitter at wwwTwittercomAtlantaREIA
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 21
Atlanta Real Estate Investors Alliance bull FEB 2013
Every New Yearrsquos Day people consider what they want to ac-complish in the following year
Well we are now 30 days into 2013 and I am sure that you have reflected on 2012 What resolutions did you follow to success What results have you seen from last yearrsquos work
At the beginning of 2013 I reflected on what I considered success Like many of you I realized that I want to improve my monetary financial relationship and problem-solving skills because these lead us to success What is success in 2013 ACHIEVING MORE OF YOUR GOALS
We all know that success in our busi-ness means learning new tricks tips and techniques We must accumulate knowledge and power We must achieve a superior capacity to think and act effectively through presentations best practices and strong strategies We must have a highly competitive advantage a platinum value But how do we strengthen the skills that we MUST have
The ONLY way to achieve this is through what I call PAC Planning Accountability and Consistency
Planning
Planning means success Planning means that you will be prepared to react logically You will be able to carefully consider the market environment re-lationships and finances Planning sets you up for control of your own success
Because Irsquove been in this business for so long one of the many things I can tell you is an easy way to plan-- measure what you are doing Here is how
bull Graph your numbers once a week
bull Reflect on your graphmdashAre your ef-forts showing success
- If not change your strategy
- If so reflect on what you have done and decide how to do it even better
For example wanting to earn $200000 a year is my goaldesired outcome To do this I will work backwards from the goal to the actual steps and processes needed to allow me to achieve the goals These steps are the action plan
ONLY when we know our goals can we outline the steps to get there Only then can
we follow the steps and make adjustments
Accountability and Consistency
Do you make time for your success or do you need support to be consistently accountable to your goals your plan and yourself
This is where I come in I can coach you with your plan accountability and con-sistency PAC
Irsquod like to share some of my action steps for 2013mdashthese are examples of action steps that as your coach I can help you to create plan and execute As your coach I can help you increase your ex-pertise with goals like these by helping you to use the PAC principles
1 Increase my profitability by using my resources effectively and ef-ficiently Example Limit events tasks and time with people which donrsquot align with my goals or which canrsquot be satisfied
2 Create systems situations and op-portunities to meet and present to qualified customers Goal Meet new customers 20 of the time
3 Focus 100 on my emotional physical and mental focus What can I do
4 Debrief after events to increase my expertise
Consistent effort energy time use of resources and learning will allow me to achieve my goals It will help you toomdashif you apply PAC
With PAC and my assistance you can eliminate sabotaging behaviors and be-
hoW to Be a real estate investor
2013 A Year of Achieving Your Goals with PAC By Russ Hiner
Join us for
LATE nITE nETWoRKInGat the Meeting-After-the-MeetingWe meet at the Tilted Kilt Perimeter located 1155-B Mount Vernon Highway in Atlanta right after our Atlanta REIA Main Meeting
PERIMETERcontinued on page 23
Attend Russrsquos Creative Deal Structuring on Feb 9th at 7PM
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 22
Atlanta Real Estate Investors Alliance bull FEB 2013
Welcome back If you read Part One of this article you know that we covered the
other different types of popular real es-tate deals that most people do and the biggest problems with them these days Then we talked about how advantageous it is to do the new type of deals Whole-saling Pretty Houses
But we still have a few important things to cover so letrsquos pick up where we left offhellip
Once you agree on the deal amp terms with the seller you get all the paperwork signed amp closed at either a title compa-ny or attorneyrsquos office No exceptions Yoursquoll want that legal backup in case the seller conveniently forgets what they agreed to later
So now yoursquove got a deal under contract amp all the paperwork signed What now Simple You get it lsquosoldrsquo as an oppor-tunity to a tenant buyer who 1 Has a decent chunk of money to put down (typically $5000+minimum) and 2 Can afford the existing monthly mort-gage payments
For example letrsquos say you have a house worth $250000 The seller owes $260000 with monthly PITI payments of $1550 amp theyrsquore current The house needs little to no repair amp is in a great neighborhood where people want to live The seller just wants to walk amp realizes
that there is NO money to be made on this deal obviously
So at a glance it looks like this
ARV $250kOWE $260k PAYMENT $1550 PITI
currentREPAIRS $0ASKING $0 Just wants out (for what-
ever reason eg job x-ferloss divorce etc)
So you SELL the house on a Lease Purchase (aka lsquoRent to Ownrsquo) to a tenant buyer who falls in love with the house has at least $5000 to put down as Non-Refundable Option Consideration and can easily af-ford the $1550 monthly payments (plus utilities HOA etc obviously)
You arrange the closing at the title compa-nyattorneyrsquos office (have the tenant buyer pay their fee) and collect your check
hellipAND YOUrsquoRE DONE You are OUT of the deal from this
point forward
So what just happened And why would you WANT to be OUT of the deal after that
Good question Letrsquos recap shall we
You found amp negotiated a deal on a house with little to no equity that no one else would touch You solved the sellerrsquos prob-
lem amp they love you for it You then went amp found a tenant buyer who couldnrsquot buy a house now if their life depended on it (in most cases) and gave them an honest op-portunity to eventually buy this beautiful house in a beautiful neighborhoodhellip even if their credit is terrible
(NOTE The worse their credit is the more you should collect as a downpay-ment )
After that the tenant-buyer should just make the monthly mortgage pay-ments as rent There are a few options on how they can do this 1 Pay directly to the seller 2 Pay directly to the mortgage company 3 Pay to a 3rd-party paymentescrow company I highly suggest doing the 3rd so everyone can be sure the pay-ments are made on time There are several companies that will provide this service for you for a nominal fee ranging from $5 to $50mo Check around for more informa-tion on that
So herersquos the next big question WHY would YOU as the investor want to be DONE with the deal after that Why wouldnrsquot you want to get the deed or stay in the deal
Herersquos the answer You WOULD want to stay in the deal (and maybe get the deed)hellip IF
IF the seller has equity IF the house is go-ing UP in value Or IF the mortgage pay-
The Best Deals To Do in Real Estate in 2013 amp Beyond ndash Part 2By Tony Pearl
pearls oF WisDoM
NGaREIANorth GeorGia reia MoNthly MeetiNG
2nd Thursday of Each Month at 700 PMat the Hilton Garden Inn
Cartersville GA
See httpREIOutpostcom for more information
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 23
Atlanta Real Estate Investors Alliance bull FEB 2013
ments are LOW and the rent is HIGH Those are some great examples of why you WOULD want to remain in the deal
But IF the opposite is true you should simply collect your down payment from the seller amp assign that deal that you just lined up Wait a minute Assign the deal WHO would you assign the deal to
Irsquom smiling as I write this and hopefully you will too as you realize the obvious
You ASSIGN the deal right back to the SELLER of the house Does that make sense
When the house goes back up in value amp the tenant buyer is ready to buy guess what
Theyrsquoll buy directly from the seller And you explain all that to everyone involved in the deal
This Type Of Deal Is Tremendously Advantageous
To You When
bull Houses in that area are still declining in value
bull If the seller simply owes too much
bull Or if you just want an easy-in easy-out type of simple deal to do that still quickly puts thousands of dol-lars in your pocket without any risk or rehab
In the example above you got a check for (at least) $5000 pretty quickly and you donrsquot have to deal with the tenant-buyer or the seller ever again if you donrsquot want to In Out Paid Done Simple
Of course there are some important de-tails in the middle that you should learn If these types of deals make sense to you and you would like to learn more either ask your local REIA leader to get more information for you or drop me a line Irsquod love to help
So there you have it I believe that wholesaling pretty houses is one of the best types of deals you can be doing in 2013 amp beyond Itrsquos quick amp easy and there are plenty of deals like that out there now Best of all therersquos VERY little competition to do this For now
Hopefully your competition wonrsquot read this article
Until Next Time
Tony Pearl
Comment on this article online at httpatlantareiacomp=19037
Tony Pearl202-556-0670TonyTonyPearlcom
wwwTonyPearlcom
wwwFacebookcomTonyPearl
wwwTwittercomTheTonyPearl
wwwYoutubecomTonyPearl
Tony Pearl is an entrepreneur copywriter proud father mentor marketing consultant and talented teacher who resides in the Washington DC area He
has traveled to over 26 countries speaks 4 languages and continues to travel extensively He has been a professional Ballroom and Latin dance instructor competitor and exhibitor for over 19 years As a Real Estate Investor Tony has bought and sold over Ten Million dollars worth of real estate and has been educated by and associates with the best
Russ Hiner 404-660-4289RussRHinercom
wwwRHinercom
wwwFacebookcom1RHiner
Russ has been investing in real estate in Atlanta Georgia since 1981 His company currently controls apartment buildings and single-family properties in Georgia and
other states His focus is on raising private capital through Hedge Equity LLC
Russ invests everyday His knowledge and experience is current in the market He is capitalizing on the needs wants and desires of the customer He has a deep level of experience in building relationships with vendors investors tenants sellers and qualified buyers He has the knowledge to negotiate contracts manage rental properties and make his co-investors wealthy He enjoys taking properties which are virtually destroyed renovating them and creating a better community
come accountable Being accountable will lead to success which will give you the confidence to take responsibility for your greatness Confidence is liberating It leads to increased passion for your work With renewed passion 2013 can be your year of commitment and success With renewed energy you can follow your Plan that will lead you to Consis-tency Accountability and SUCCESS
So itrsquos 2013 You have goals
Will you use the same techniques that you did in 2012 Or will you join me and others whom Irsquove worked with in using new tools and renewed energy
What is the action step to begin plan-ning What should you do to help you remain on track
What can you do to make 2013 a differ-ent year for you a year of success
I am looking forward to meeting you and helping you on your way to a suc-cessful 2013
Comment on this article online at httpatlantareiacomp=19035
Achieving Your Goals with PAC cont from p21
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 24
Atlanta Real Estate Investors Alliance bull FEB 2013
How to Quickly Get 10 to 15 Good Rental Properties Paid For Free and Clear By Larry Harbolt
creative Financing is king
Larry Harbolt 727-420-4810LarryHarboltGmailcom
wwwLarryHarboltcom
wwwFacebookcomLarryHarbolt7
wwwTwittercomLarryHarbolt Larry Harbolt is the nationrsquos leading creative Seller Financing expert as well as a popular national real estate speaker and teacher whose time-
tested strategies and nuts and bolts teaching style has helped thousands of aspiring real estate entrepreneurs realize their financial dreams with little or no money and without the need for credit Larry has been successful creatively buying and selling real estate for over 30 years and has written numerous popular articles and real estate courses Larry also has been running a meetup group in St Petersburg FL for real estate investors for over 13 years
We are already in the second month of 2013 and I just had a conversation with one
of my students who wanted to know how to create wealth in the shortest possible pe-riod of time The following is my idea how wealth for any real estate investor can be created in the shortest period of time
Here is an example of how you can quickly achieve financial freedom and then wealth investing in real estate
For instance the first thing you need to do is buy 10 to 15 well selected income pro-ducing properties you are willing to keep long term as your retirement program and the base of your future wealth I personally love the thought of someone else having to go to work every day to earn money they give me in the form of rent each month that pays for my properties without me having to have a job or have to go to work every day Then once you have bought your 10 to 15 keeper rental houses in good neighborhoods with tenants who are pay-ing on time every month letrsquos say $1000 each month of which $520 goes for the monthly loan payment and after monthly expenses of property taxes property insur-ance a maintenance fund and a vacancy fund leaves you from the $1000 gross rent approximately $150 each month to put into your pocket Letrsquos say for each of your keeper rental properties you paid $88000 with very little money down and were able to get seller financing terms for 30 years
Then once you get those 10 to 15 houses free and clear with no debt each month you get to keep the entire $1000 from each house (less taxes and insurance and main-tenance costs) leaving you about $600 to $650 from each house each month Ten houses at $600 each equals $600000 each month paid directly to you to pay your bills Some of you might need 15
houses to achieve your goals If you have 15 houses x $600 net each month will give you $9000 per month income to cover your monthly expenses Once you have that much coming in each month you will have financial freedom but not yet wealth Wealth comes over time Let me show you how to get your properties free and clear in the shortest period of time
Getting Your 10 to 15 Houses Free and Clear In a Short
Period of Time
After you have your base of 10 to 15 houses bought then each year go out and buy an additional 10 to 15 houses The additional 10 to 15 houses you buy each year can be rehabbed and then sold If you were to take all of the profits from the sale of each of the additional 10 to 15 houses (after paying the taxes) and use the money you have left to pay off one or two of the loans on the houses you plan to keep and you did this over and over for a few years your base of rental properties would soon be com-pletely paid for and you would then have enough income coming in each month to be financially free
This is definitely a plausible and possible plan to become financially free in the short-est period of time Once you have done this you will then have more time and money to continue to buy even more houses sim-ply because you will have enough income each month coming in so you donrsquot have to go to a job you hate every day
Once all of your base of income produc-ing properties are completely paid for and are free and clear you will probably truly be a millionaire If you have 15 properties valued at $80000 that are free and clear your net worth will be $80000 X 15 = $1200000 Now you are wealthy
You Must Have a Wealth Building Strategy to Be
Successful
This is how true wealth is created over time People who only wholesale property for a living are not true investors -- they really have a job When a wholesaler buys a property and then passes it on to another person and they get paid a fee that money will be quickly spent and they then have to go out and find another property to whole-sale again so they can get another fee To me thatrsquos a job and I donrsquot want another job I want financial success
If you plan to be a successful real estate in-vestor and create the wealth you want it is going to be very important that you are able to recognize opportunity when it pres-ents itself It took me nearly 25 years to figure this out for myself and that is why I am sharing this information with you now so you can more quickly achieve financial freedom and your eventual wealth
Comment on this article online at httpatlantareiacomp=19032
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
Atlanta Real Estate Investors Alliance bull FEB 2013
Join our Mobile Real Estate Investor VIP ListJust text ATLAnTA to 404-996-1099Standard text message rates apply
Follow us online from your mobile phone at httpAtlantaREIAcom httpFacebookcomAtlantaREIA httpTwittercomAtlantaREIA httpYoutubecomAtlantaREIA httpMeetupcomAtlantaREIA
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your mobile device
Subscribe to The Profit Newsletter amp Email list at httpSubscribeAtlantaREIAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
For a Limited Time
Wersquore Sharing our Design Firm with our Advertisers
GROW YOUR BUSINESS TODAY placing an ad in The Profit and our design firm River City Consulting will design your ad for FREE Wersquoll also provide you with the digital file to use online and to have printed to use as promotional flyersMinimum 3-month Obligation
When yoursquore ready to get started call Christine Griffin at 678-701-7160 or email adminatlantareiacom
SEE THEIR WORK IN amp ON
AAttllaannttaa RREEIIAA MMeemmbbeerrsshhiipp AApppplliiccaattiioonn Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560
Atlanta REIA Use Only Member ____________ Exp Date ____________ ID Card Printed Sent _________
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Card Type Visa Master Card Discover American Express
Card Number Expiration Date Code
Terms of Sale Disclaimer amp Release The undersigned Applicant(s) hereafter called the Applicant understands and acknowledges that membership in the Atlanta Real Estate Investor Alliance hereafter called Atlanta REIA absolutely does NOT entitle nor make Applicant a legal member of Atlanta REIA LLC the company Applicant acknowledges that Atlanta REIA does not render legal tax economic or investment advice All programs are provided with the understanding that Atlanta REIA is not engaged in rendering legal tax or other professional services If legal tax or other expert assistance is required the services of a competent professional should be sought Atlanta REIA does not investigate its members nor vouch for nor make representation as to the honesty integrity reliability motives andor resources of its members officers directors employees agents and or contractors The Applicant in consideration for hisher acceptance as a member of Atlanta REIA hereby releases discharges and agrees to indemnify Atlanta REIA its officers directors members employees agents andor contractors from any liabilities now accrued or which may hereafter accrue from their actions inactions or communications made by Atlanta REIA andor officers directors members employees agents andor contractors in or through their respective capacities with Atlanta REIA Applicant agrees to comply with the terms and conditions described herein the Code of Ethics and any other terms described on our website at AtlantaREIAcom as well as any other Atlanta REIA rules and regulations Applicant agrees and acknowledges that Atlanta REIA may enforce these codes terms rules and regulations at its sole and absolute discretion and may terminate this membership at any time for any reason whatsoever Applicant grants to Atlanta REIA its representatives and employees the right to take photographs video or audio of Applicant and Applicants property Applicant authorizes Atlanta REIA its assigns and transferees to copyright use and publish the same in print andor electronically Applicant agrees that Atlanta REIA may use such photographs video and audio of Applicant with or without Applicants name and for any lawful purpose including but not limited to publicity illustration advertising and web content Applicant grants permission to Atlanta REIA to contact Applicant regarding membership and related business by phone fax email text message chat programs social networking automated voice broadcast dialers or any other means necessary By completing this application Applicant agrees to give Atlanta REIA permission to bill the credit card above for the membership plan selected above Applicant acknowledges and agrees that the term of membership is one (1) year and that billing for membership will be automatically renewed for one (1) year upon expiration at the then current membership rate and that the appropriate charges be applied to Applicants credit card on file Should Applicant decide to cancel membership a written notice of cancellation must be emailed faxed or sent via postal email to Atlanta REIA at the address email or fax below thirty (30) days prior to the next billing or renewal period Atlanta REIA must acknowledge receipt of this written cancellation notice for it to be valid Membership dues are NON-REFUNDABLE for any reason whatsoever Applicant promises NOT to initiate any refunds or credit card charge backs for these membership dues and related charges at any time Applicant agrees that Atlanta REIA may change the terms of this Agreement or its membership dues at any time by posting such changes to our website at AtlantaREIAcom By continuing membership Applicant agrees to be bound by such changes Applicant will send all written notifications to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 Fax 770-216-1560 Email noticesatlantareiacom With my signature I accept the Terms of Sale Disclaimer amp Release and I authorize Atlanta REIA LLC to charge my credit card for the membership plan above as well as total recurring amount shown I further acknowledge that these membership dues are non-refundable
Applicant 1 (sign) Applicant 2 (sign)
(print) (print)
Date Date
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 27
Atlanta Real Estate Investors Alliance bull FEB 2013
Atlanta REIA Meetings CalendarhttpAtlantaREIAcomMeetings
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
3rd Wednesday of Each MonthLate Nite Networking Buford900 PM ndash Late NiteTilted Kilt 3480 Financial Center Pkwy M1080 Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
3rd Thursday of Each MonthSavannah REIA630 PM ndash 900 PMGallery Espresso234 Bull St Savannah GALeader Aislee Jacksonhttpsavannahreiacom
4th Monday of Each MonthAtlanta REIA West Meeting630 PM ndash 900 PMCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Monday of Each MonthLate Nite Networking Marietta900 PM ndash CloseCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Tuesday of Each MonthNote Buyer Group Meeting630 PM ndash 830 PM Olive Garden 2467 Cobb Parkway SE Smyrna GALeader Tom Boyerhttpnbgatlantareiacom
4th Thursday (Once Per Quarter)Beginning Investors Group Meeting (BIG)630 PM ndash 900 PMChef Robrsquos Caribbean Cafe 5920 Roswell Rd NE A117 Sandy Springs GALeader Alan McDonaldhttpbigatlantareiacom
4th Thursday of Each MonthCash Cows Commercial Group1130 AM ndash 100 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GAhttpcashcowsatlantareiacom
Meets at Various Times Each MonthCash Flow Players Group MeetingTo Be AnnouncedSecrets Factory 2030 Powers Ferry Rd SE 440 Atlanta GALeader Alan McDonaldhttpcashflowatlantareiacom
2nd Wednesday of Each MonthSpanish Investors Networking Group (SING)630 PM ndash 830 PMTaco Depot 4788 Sugarloaf Pkwy 107 Lawrenceville GALeader Michael Vazquezhttpsingatlantareiacom
2nd Wednesday of Each MonthI Love Marketing Group700 PM ndash 900 PMSocial Vinings 3621 Vinings Slope SE Atlanta GALeader Rock Shukoorhttpilmatlantareiacom
2nd Thursday of Each MonthAtlanta REIA South Meeting630 PM ndash 830 PMGiovannarsquos Italian Kitchen 1375 Virginia Ave East Point GALeader Reggie Jackson amp Gordon Cattshttpsouthatlantareiacom
2nd Thursday of Each MonthNorth Georgia REIA700pm - 900pmHilton Garden Inn Cartersville 24 Liberty Drive Cartersville GALeaders Bill amp Kim Cookhttpreioutpostcom
2nd Thursday (Once Per Quarter)Small Business Group (SBG)330 PM ndash 530 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Karen Bershadhttpsbgatlantareiacom
3rd Monday of Each MonthMovers amp Shakers Lunch Meeting1100 AM ndash 130 PM5 Seasons Brewing3655 Old Milton Parkway Alpharetta GALeader Gordon Cattshttpmoversandshakersatlantareiacom
3rd Tuesday of Each MonthGwinnett County Group (The Fish Club)700 PM ndash 900 PMRed Lobster2055 Pleasant Hill Rd Duluth GALeader Aaron McGinnishttpfishclubatlantareiacom
3rd Wednesday of Each MonthAtlanta REIA North Meeting630 PM ndash 830 PM1960 Skylar Hill Dr Suite D Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
February 4th 2013Atlanta REIA Main Meeting530 PM ndash 900 PM Crowne Plaza Ravinia Hotel4355 Ashford Dunwoody Atlanta GA Leader Dustin Griffinhttpmainatlantareiacom
1st Monday of Each MonthLate Nite Networking Dunwoody930 PM ndash Late NiteTilted Kilt 1155-B Mount Vernon Hwy Atlanta GALeader Lee Buddenhttpmainatlantareiacom
1st Monday (Once Per Quarter)Mobile Real Estate Rockstars Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Don DeRosahttprockstarsatlantareiacom
1st Monday (Once Per Quarter) Short Sale amp Foreclosure Group300 PM ndash 530 PMTotal Wine amp More124 Perimeter Center W Atlanta GALeader Bob Masseyhttpssfatlantareiacom
1st Monday (Once Per Quarter)Active Investors Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Gordon Catts
1st Tuesday of Each MonthMountain REIA630 PM ndash 900 PMGolden Corral 2025 Market Place Blvd Cumming GALeader Gordon Cattshttpmountainreiacom
1st Wednesday of Each MonthCreative Deal Structuring Group (CDS)700 PM ndash 900 PMWhitehall Tavern 2391 Peachtree Rd NE Atlanta GALeader Russ Hinerhttpcdsatlantareiacom
Every Thursday (Except Major Holidays)Have amp Wants Meeting130 PM - 330 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Joe Thompsonhttphavesandwantsatlantareiacom
Next Meeting March 28th
Next Game on Sat Feb 9th
Meets Monday Feb 4th
ATLANTA REIA CALENDAR OF EVENTSFEBRUARY 2013
SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
Movers amp Shakers1100am - 130pm
Gwinnett County Group (The Fish Club) 700pm ndash 900pm
I Love Marketing Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pm
Mountain REIA630pm ndash 900pm
Atlanta REIA MAIN MEETING with Bill Cook
530pm ndash 900pmMobile Real Estate Rockstars Group 300-500pm
Creative DealStructuring Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pmAtlanta REIA South Meeting630pm ndash 830pmNorth Georgia REIA700pm - 900pm
NEWSLETTER dESigN PRovidEd by
SNEAK PEEK FOR MARCHMAR 4 ATLANTA REIA MEETING
APR 1 ATLANTA REIA MEETING WITH JAY CONNER
APR 27 FULL DAY WORKSHOP WITH JAY CONNER amp RON LEGRAND
Haves amp Wants Meeting130pm - 330pm
Cash Cows Commercial Group1130am - 100pmHaves amp Wants Meeting130pm - 330pm
Atlanta REIA West Meeting630pm ndash 900pmLate Nite Networking Marietta900 PM ndash Close
Note Buyer Group Meeting 6300pm ndash 830pm
Atlanta REIA North Meeting630pm-830pmLate Nite Networking Buford900pm - Late
Grow Your Wealth With The Financial
Calculator Workshopwith Bill amp Kim Cook
900am - 500pmCartersville GA
Wealth Building Using Self-
Directed IRAswith Dyches Boddiford amp
Pete FortunatoAtlanta GA
- FB
- YT
- MU
- Button 34
- Button 72
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 17
Atlanta Real Estate Investors Alliance bull FEB 2013
Business By the Book
Greed In Business = Trouble In The Family By Erven Kimble
The relentless drive to acquire the elusive ldquoAmerican Dreamrdquo is what fuels many business profes-
sionals To many in pursuit of the worldrsquos definition of success means ldquogetting more and morerdquo ldquoclimbing the corporate ladder at all costrdquo or perhaps it means ldquothe end justifies the means no matter whatrdquo This kind of ill-advised pursuit requires that a person disconnect other areas of life that makes significant demands on their time and attention One way to separate these distractions is to departmentalize them
Highly motivated entrepreneur and busi-ness professionals often compartmentalize their professional interests from the rest of their personal lives Many ldquogo-gettersrdquo tend to divide their lives into these differ-ent compartments and make decisions as if they are not interconnected For many their thoughts about church religion matters concerning God and the Bible or even their family have little or nothing to do with their day-to-day business decisions and activities that are required to be suc-cessful They rationalize that these differ-ent compartments neatly and separately co-exist For instance one might
bull Define things as being secular versus spiritual
bull Make clear distinctions between that which is personal as opposed to the professional matters
bull Or draw a big distinction between their family life and their business life
The truth of the matter is that God does not view our lives as being compartmen-talized A Biblical view sees the secular as spiritual and our professional and personal lives co-existing in the same space The
actions and the decisions that we make at the office effects what happens at home Whether a person realizes it or not deci-sions and practices in the work place have a direct impact on what happens back on the home front
The relentless drive to get more and more in the workplace is called ldquoGreedrdquo Greed is flaw that ultimately brings distrust and dishonor to all those involved A person in pursuit of unmerited gain is a continuous source of grief for themselves as well as their families Greed and covetousness leads men and women to habitually want more than their share As a results the progres-sive overflow of greed leads to bribes and the kickbacks Bribes and kickbacks are a perversion of justice a misrepresentation that ultimately breeds distrust and dishon-or to all those that are involved including all family members who bear their name
Those who refuse to be involved in these ungodly practices
will find longevity and prosperity
There is energizing freedom and great gratification in honesty that translates into the idea of establishing a legacy Business-men and businesswomen that strive to operate an honest business not only live well themselves they also leave a proud heritage to their children Conversely the foolish and fraudulent leave an inheritance of misery
ldquoThe good people who live honest lives will be a blessing to their childrenrdquo (Pr 207)(NCV)
A familyrsquos religious passion will produce the familyrsquos long-term qualities In other
words the children of ethical parents are the recipients of the divine favor of God The family traits model behavior that is mimicked by the children and ultimately the advantages or the hazards are experi-enced by the next generation When there are models of godly parents who live out their Christian beliefs the children are challenged to become wise themselves
Thoughts to Ponder
I Have you ever considered your business decisions would directly impact your family
II What legacy are you preparing to leave your children or family
III Have you considered the long term generational effect of your business practices
Comment on this article online at httpatlantareiacomp=19001
God does not view our lives as being compartmentalized
ldquoGreedy people bring trouble to their families but the person who canrsquot be paid to do wrong will liverdquo (Pr 1527)(NCV)
Erven Kimble 404-606-8909ElegantHomesLLCYahoocom
wwwPeopleWhoBuyHousescom
wwwFacebookcomEAKimble Erven Kimble is an accomplished pastor teacher author community leader licensed Christian Counselor and Real Estate entrepreneur Erven is a visionary that has faithfully
served as the Senior Pastor of a local church in Lilburn Georgia for twenty years
The author searched the Book of Proverbs and Psalms and extracted wisdom that reference business and finances to produce the series of articles called Business By The Book The purpose of these articles is to present time tested and proven Biblical principles in a way that is practical relevant and beneficial to the average business person
HOME INSPECTION
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major systems InspectIon$60 per Home amp one page summary report
Great for Rehabs
Investor major systems InspectIon25 of your Fees are credited toward
A Full Home Inspection
Investor InspectIon prIcIng on FUll InspectIons
bull 1st Home regular pricebull each Inspection accrues an additional
5 discount on Inspections 2ndash5bull Inspections 6 and beyond are 25 OFF
REI SPECIALS
bull FRee 90-day Home warranty wItH every complete Home InspectIon
bull FRee recall cHeck on applIcances and mecHanIcal components oF tHe Home wItH FRee Updates For lIFe
bull 30-DayanD72-DayBuyersInspectIonprotectIon plans (Ask Me FOR DetAIls)
bull reportsprInteDon-sItewIthIntheQUoted tIme - GuARAnteeD
bull onepagereportsummaryanDcolorpHoto joUrnal
bull 247 onlIne scHedUlIng and docUment sIgnIng
bull FRee repaIrs re-InspectIon and InspectIon Update
bull FRee consUltIng For lIFe vIa pHone emaIl and skype
bull BOnDeD amp InsuReD wItH errors and omIssIons InsUrance
Visit wwwPetesFriendlyHomeInspectioncom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 19
Atlanta Real Estate Investors Alliance bull FEB 2013
Caution Landlords Accepting Money After Filing An Eviction Impacts Your RightsBy Attorney Jon David W Huffman
Landlords often have mixed emo-tions when their tenants call and offer them money after a dispos-
sessory warrant (an eviction) has been filed On one hand landlords are in the business of collecting rent However they worry how it may affect moving forward with the eviction Accepting a payment after an eviction is filed does af-fect your rights
Residential Landlords
A residential landlord has a duty to ac-cept a payment from a tenant who is in default if and only if the tenant tenders ldquoall rents allegedly owed plus the cost of the [eviction]rdquo1 However the tenant can-not wait until the last moment to do this They must tender the full payment within seven days of the day they were served the eviction paperwork2 There is no need to worry about a tenant doing this perpetu-ally because a landlord is only obligated to accept this type of payment once per year3 Making this payment provides a complete defense to the eviction and upon receipt a landlord should dismiss the eviction
If a residential tenant offers a partial pay-ment however BEWARE A residential landlord who accepts a partial payment from a tenant after an eviction has been filed waives his right to continue with the eviction and admits the continuance of the lease4 In simple terms the eviction fails and the landlord must start the eviction process over if he wishes to evict the ten-
ant It does not matter when the partial payment is made ndash whether one hour after the eviction is filed or five minutes before the eviction trial Thus the landlord must either reject the partial payment or if ac-cepted he must restart the eviction process
Commercial Landlords
Perhaps unsurprisingly the law on ldquonon-residentialrdquo or commercial leases allows more freedom to contract
A commercial tenantrsquos right to tender past due rent and the dispossessory fee can be contractually waived5 Indeed in many commercial real estate leases this right is waived All commercial landlords should have an attorney review their lease to en-sure that they have the right to regain possession of their property upon default without giving a tenant the right to pay the past due rent and dispossessory fees
Following the freedom-to-contract prin-ciple a commercial landlord can accept a partial payment without waiving his rights to evict Under OCGA sect 44-7-52(c) a commercial landlord is free to take a par-tial payment and continue the eviction process unhindered Of course any money received would offset the landlordrsquos dam-ages So commercial landlords cash that check and keep on going
Disclaimer The information contained in this article is for informational purposes only and is not legal advice or a substitute for legal counsel
It does not constitute advertising or solicitation The information in this article may or may not reflect the most current legal developments ac-cordingly this article is not guaranteed to be complete and should not be considered an indi-cation of future results
Comment on this article online at httpatlantareiacomp=19013
1 OCGA sect 44-7-52(a)2 Id 3 Id4 Gay v American Oil Co 115 Ga App 18 153 S E 2d 612 (1967)2 Id3 Id4 Gay v American Oil Co 115 Ga App 18 153 S E 2d 612 (1967)5 Hardwick v 3379 Peachtree 184 Ga App 822 824 363 SE2d 31 (1987)
real estate legal report
Jon David Huffman 404-373-4008 x 304JonDavidPooleLawGroupcom
wwwPooleLawGroupcom
wwwJonDavidHuffmancom
Jon David Huffman is a litigation attorney specializing in real estate disputes business disputes and commercial collections With
more than a decade of experience managing small businesses before attending Emory Law School he brings a business ownerrsquos perspective to the practice of law
wwwMeetUpcomAtlantaREIA
Join us on Meetup and RSVP for the meetings you will be attending
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 20
Atlanta Real Estate Investors Alliance bull FEB 2013
With each New Year comes new ventures More and more often investors have
to expand their investment territories in order to stay active As technology con-tinues to make the world a smaller place many investors are also looking at invest-ing in different states and some in differ-ent countries By doing this the amount of inventory increases dramatically if you make the right contacts At the same time if you work with investors that are open in investing out of state or in different coun-tries you have the ability to sell more
With all this said it is not always as easy as it may sound whether you are the buyer or seller As the buyer you need to make a trip to the new area you are looking to invest in The reason to do this is obviously to learn the market but secondly to make a few key contacts in the area The main contacts you need to make are a few wholesalers real estate agents contractors a title company and property management if you are look-ing for rentals Not only will these contacts help you in their area of specialty but they can also be go-to people for a second opinion on any potential deals In order for this to be a win-win situation you want to use these contactsrsquo services For example if you ask a contractor to verify repair cost on a home you should use himher for that project
The suggestions mentioned above also ap-ply to those looking to sell properties out-side their local area of expertise If you are teaming up with a local in a new area make sure you are working with someone that can answer questions experienced investors will need answered Keep in mind that just because someone tells you a property is a good deal to invest in does not mean it is
You may be marketing a property that you would normally not market Even worse you may end up selling a property that you would not have sold if you knew the market better Investors will typically follow you into another statecountry if you have been part of their success in their local market Investors should do their own due diligence but you should do your own before even marketing that deal otherwise you will lose credibility You may not only lose credibil-ity in the new market but also in your local market You can also lose money that you have out for a due diligence period andor earnest money if you discover that you con-tracted a dud Remember the importance of closing once you have a contract in place
Before venturing into a new market make sure you at least make the contacts men-tioned above Let them know your inten-tions of investing andor selling in their area soon but are currently familiarizing yourself with the market This will prevent them from thinking of you as just another window shopper Remember that if you create a win-win-win situation your success will continue to grow
Comment on this article online at httpatlantareiacomp=19041
FroM contract to closing
New TerritoriesBy Michael Vazquez
Michael Vazquez 678-951-9222MichaelPVazquezGmailcom
Michael Vazquez has been offering properties to real estate investors significantly below market value since 2006 in both Texas and Georgia
Michael is always looking to for more investors to work with
Solutions that help you Make More
Work LessUse your iPad iPhone or other mobile device anywhere tohellip
H Find comps and rental rates
H Sign and send contractsH Plan your entire rehabH and so much more
Check it out noW5 Day Trial for only $1
Make More Work LessGo To
MobileRealEstateRockstarcomAtlanta-REIA
Keep up to date with our latest opportunities by joining us on Twitter at wwwTwittercomAtlantaREIA
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 21
Atlanta Real Estate Investors Alliance bull FEB 2013
Every New Yearrsquos Day people consider what they want to ac-complish in the following year
Well we are now 30 days into 2013 and I am sure that you have reflected on 2012 What resolutions did you follow to success What results have you seen from last yearrsquos work
At the beginning of 2013 I reflected on what I considered success Like many of you I realized that I want to improve my monetary financial relationship and problem-solving skills because these lead us to success What is success in 2013 ACHIEVING MORE OF YOUR GOALS
We all know that success in our busi-ness means learning new tricks tips and techniques We must accumulate knowledge and power We must achieve a superior capacity to think and act effectively through presentations best practices and strong strategies We must have a highly competitive advantage a platinum value But how do we strengthen the skills that we MUST have
The ONLY way to achieve this is through what I call PAC Planning Accountability and Consistency
Planning
Planning means success Planning means that you will be prepared to react logically You will be able to carefully consider the market environment re-lationships and finances Planning sets you up for control of your own success
Because Irsquove been in this business for so long one of the many things I can tell you is an easy way to plan-- measure what you are doing Here is how
bull Graph your numbers once a week
bull Reflect on your graphmdashAre your ef-forts showing success
- If not change your strategy
- If so reflect on what you have done and decide how to do it even better
For example wanting to earn $200000 a year is my goaldesired outcome To do this I will work backwards from the goal to the actual steps and processes needed to allow me to achieve the goals These steps are the action plan
ONLY when we know our goals can we outline the steps to get there Only then can
we follow the steps and make adjustments
Accountability and Consistency
Do you make time for your success or do you need support to be consistently accountable to your goals your plan and yourself
This is where I come in I can coach you with your plan accountability and con-sistency PAC
Irsquod like to share some of my action steps for 2013mdashthese are examples of action steps that as your coach I can help you to create plan and execute As your coach I can help you increase your ex-pertise with goals like these by helping you to use the PAC principles
1 Increase my profitability by using my resources effectively and ef-ficiently Example Limit events tasks and time with people which donrsquot align with my goals or which canrsquot be satisfied
2 Create systems situations and op-portunities to meet and present to qualified customers Goal Meet new customers 20 of the time
3 Focus 100 on my emotional physical and mental focus What can I do
4 Debrief after events to increase my expertise
Consistent effort energy time use of resources and learning will allow me to achieve my goals It will help you toomdashif you apply PAC
With PAC and my assistance you can eliminate sabotaging behaviors and be-
hoW to Be a real estate investor
2013 A Year of Achieving Your Goals with PAC By Russ Hiner
Join us for
LATE nITE nETWoRKInGat the Meeting-After-the-MeetingWe meet at the Tilted Kilt Perimeter located 1155-B Mount Vernon Highway in Atlanta right after our Atlanta REIA Main Meeting
PERIMETERcontinued on page 23
Attend Russrsquos Creative Deal Structuring on Feb 9th at 7PM
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 22
Atlanta Real Estate Investors Alliance bull FEB 2013
Welcome back If you read Part One of this article you know that we covered the
other different types of popular real es-tate deals that most people do and the biggest problems with them these days Then we talked about how advantageous it is to do the new type of deals Whole-saling Pretty Houses
But we still have a few important things to cover so letrsquos pick up where we left offhellip
Once you agree on the deal amp terms with the seller you get all the paperwork signed amp closed at either a title compa-ny or attorneyrsquos office No exceptions Yoursquoll want that legal backup in case the seller conveniently forgets what they agreed to later
So now yoursquove got a deal under contract amp all the paperwork signed What now Simple You get it lsquosoldrsquo as an oppor-tunity to a tenant buyer who 1 Has a decent chunk of money to put down (typically $5000+minimum) and 2 Can afford the existing monthly mort-gage payments
For example letrsquos say you have a house worth $250000 The seller owes $260000 with monthly PITI payments of $1550 amp theyrsquore current The house needs little to no repair amp is in a great neighborhood where people want to live The seller just wants to walk amp realizes
that there is NO money to be made on this deal obviously
So at a glance it looks like this
ARV $250kOWE $260k PAYMENT $1550 PITI
currentREPAIRS $0ASKING $0 Just wants out (for what-
ever reason eg job x-ferloss divorce etc)
So you SELL the house on a Lease Purchase (aka lsquoRent to Ownrsquo) to a tenant buyer who falls in love with the house has at least $5000 to put down as Non-Refundable Option Consideration and can easily af-ford the $1550 monthly payments (plus utilities HOA etc obviously)
You arrange the closing at the title compa-nyattorneyrsquos office (have the tenant buyer pay their fee) and collect your check
hellipAND YOUrsquoRE DONE You are OUT of the deal from this
point forward
So what just happened And why would you WANT to be OUT of the deal after that
Good question Letrsquos recap shall we
You found amp negotiated a deal on a house with little to no equity that no one else would touch You solved the sellerrsquos prob-
lem amp they love you for it You then went amp found a tenant buyer who couldnrsquot buy a house now if their life depended on it (in most cases) and gave them an honest op-portunity to eventually buy this beautiful house in a beautiful neighborhoodhellip even if their credit is terrible
(NOTE The worse their credit is the more you should collect as a downpay-ment )
After that the tenant-buyer should just make the monthly mortgage pay-ments as rent There are a few options on how they can do this 1 Pay directly to the seller 2 Pay directly to the mortgage company 3 Pay to a 3rd-party paymentescrow company I highly suggest doing the 3rd so everyone can be sure the pay-ments are made on time There are several companies that will provide this service for you for a nominal fee ranging from $5 to $50mo Check around for more informa-tion on that
So herersquos the next big question WHY would YOU as the investor want to be DONE with the deal after that Why wouldnrsquot you want to get the deed or stay in the deal
Herersquos the answer You WOULD want to stay in the deal (and maybe get the deed)hellip IF
IF the seller has equity IF the house is go-ing UP in value Or IF the mortgage pay-
The Best Deals To Do in Real Estate in 2013 amp Beyond ndash Part 2By Tony Pearl
pearls oF WisDoM
NGaREIANorth GeorGia reia MoNthly MeetiNG
2nd Thursday of Each Month at 700 PMat the Hilton Garden Inn
Cartersville GA
See httpREIOutpostcom for more information
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 23
Atlanta Real Estate Investors Alliance bull FEB 2013
ments are LOW and the rent is HIGH Those are some great examples of why you WOULD want to remain in the deal
But IF the opposite is true you should simply collect your down payment from the seller amp assign that deal that you just lined up Wait a minute Assign the deal WHO would you assign the deal to
Irsquom smiling as I write this and hopefully you will too as you realize the obvious
You ASSIGN the deal right back to the SELLER of the house Does that make sense
When the house goes back up in value amp the tenant buyer is ready to buy guess what
Theyrsquoll buy directly from the seller And you explain all that to everyone involved in the deal
This Type Of Deal Is Tremendously Advantageous
To You When
bull Houses in that area are still declining in value
bull If the seller simply owes too much
bull Or if you just want an easy-in easy-out type of simple deal to do that still quickly puts thousands of dol-lars in your pocket without any risk or rehab
In the example above you got a check for (at least) $5000 pretty quickly and you donrsquot have to deal with the tenant-buyer or the seller ever again if you donrsquot want to In Out Paid Done Simple
Of course there are some important de-tails in the middle that you should learn If these types of deals make sense to you and you would like to learn more either ask your local REIA leader to get more information for you or drop me a line Irsquod love to help
So there you have it I believe that wholesaling pretty houses is one of the best types of deals you can be doing in 2013 amp beyond Itrsquos quick amp easy and there are plenty of deals like that out there now Best of all therersquos VERY little competition to do this For now
Hopefully your competition wonrsquot read this article
Until Next Time
Tony Pearl
Comment on this article online at httpatlantareiacomp=19037
Tony Pearl202-556-0670TonyTonyPearlcom
wwwTonyPearlcom
wwwFacebookcomTonyPearl
wwwTwittercomTheTonyPearl
wwwYoutubecomTonyPearl
Tony Pearl is an entrepreneur copywriter proud father mentor marketing consultant and talented teacher who resides in the Washington DC area He
has traveled to over 26 countries speaks 4 languages and continues to travel extensively He has been a professional Ballroom and Latin dance instructor competitor and exhibitor for over 19 years As a Real Estate Investor Tony has bought and sold over Ten Million dollars worth of real estate and has been educated by and associates with the best
Russ Hiner 404-660-4289RussRHinercom
wwwRHinercom
wwwFacebookcom1RHiner
Russ has been investing in real estate in Atlanta Georgia since 1981 His company currently controls apartment buildings and single-family properties in Georgia and
other states His focus is on raising private capital through Hedge Equity LLC
Russ invests everyday His knowledge and experience is current in the market He is capitalizing on the needs wants and desires of the customer He has a deep level of experience in building relationships with vendors investors tenants sellers and qualified buyers He has the knowledge to negotiate contracts manage rental properties and make his co-investors wealthy He enjoys taking properties which are virtually destroyed renovating them and creating a better community
come accountable Being accountable will lead to success which will give you the confidence to take responsibility for your greatness Confidence is liberating It leads to increased passion for your work With renewed passion 2013 can be your year of commitment and success With renewed energy you can follow your Plan that will lead you to Consis-tency Accountability and SUCCESS
So itrsquos 2013 You have goals
Will you use the same techniques that you did in 2012 Or will you join me and others whom Irsquove worked with in using new tools and renewed energy
What is the action step to begin plan-ning What should you do to help you remain on track
What can you do to make 2013 a differ-ent year for you a year of success
I am looking forward to meeting you and helping you on your way to a suc-cessful 2013
Comment on this article online at httpatlantareiacomp=19035
Achieving Your Goals with PAC cont from p21
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 24
Atlanta Real Estate Investors Alliance bull FEB 2013
How to Quickly Get 10 to 15 Good Rental Properties Paid For Free and Clear By Larry Harbolt
creative Financing is king
Larry Harbolt 727-420-4810LarryHarboltGmailcom
wwwLarryHarboltcom
wwwFacebookcomLarryHarbolt7
wwwTwittercomLarryHarbolt Larry Harbolt is the nationrsquos leading creative Seller Financing expert as well as a popular national real estate speaker and teacher whose time-
tested strategies and nuts and bolts teaching style has helped thousands of aspiring real estate entrepreneurs realize their financial dreams with little or no money and without the need for credit Larry has been successful creatively buying and selling real estate for over 30 years and has written numerous popular articles and real estate courses Larry also has been running a meetup group in St Petersburg FL for real estate investors for over 13 years
We are already in the second month of 2013 and I just had a conversation with one
of my students who wanted to know how to create wealth in the shortest possible pe-riod of time The following is my idea how wealth for any real estate investor can be created in the shortest period of time
Here is an example of how you can quickly achieve financial freedom and then wealth investing in real estate
For instance the first thing you need to do is buy 10 to 15 well selected income pro-ducing properties you are willing to keep long term as your retirement program and the base of your future wealth I personally love the thought of someone else having to go to work every day to earn money they give me in the form of rent each month that pays for my properties without me having to have a job or have to go to work every day Then once you have bought your 10 to 15 keeper rental houses in good neighborhoods with tenants who are pay-ing on time every month letrsquos say $1000 each month of which $520 goes for the monthly loan payment and after monthly expenses of property taxes property insur-ance a maintenance fund and a vacancy fund leaves you from the $1000 gross rent approximately $150 each month to put into your pocket Letrsquos say for each of your keeper rental properties you paid $88000 with very little money down and were able to get seller financing terms for 30 years
Then once you get those 10 to 15 houses free and clear with no debt each month you get to keep the entire $1000 from each house (less taxes and insurance and main-tenance costs) leaving you about $600 to $650 from each house each month Ten houses at $600 each equals $600000 each month paid directly to you to pay your bills Some of you might need 15
houses to achieve your goals If you have 15 houses x $600 net each month will give you $9000 per month income to cover your monthly expenses Once you have that much coming in each month you will have financial freedom but not yet wealth Wealth comes over time Let me show you how to get your properties free and clear in the shortest period of time
Getting Your 10 to 15 Houses Free and Clear In a Short
Period of Time
After you have your base of 10 to 15 houses bought then each year go out and buy an additional 10 to 15 houses The additional 10 to 15 houses you buy each year can be rehabbed and then sold If you were to take all of the profits from the sale of each of the additional 10 to 15 houses (after paying the taxes) and use the money you have left to pay off one or two of the loans on the houses you plan to keep and you did this over and over for a few years your base of rental properties would soon be com-pletely paid for and you would then have enough income coming in each month to be financially free
This is definitely a plausible and possible plan to become financially free in the short-est period of time Once you have done this you will then have more time and money to continue to buy even more houses sim-ply because you will have enough income each month coming in so you donrsquot have to go to a job you hate every day
Once all of your base of income produc-ing properties are completely paid for and are free and clear you will probably truly be a millionaire If you have 15 properties valued at $80000 that are free and clear your net worth will be $80000 X 15 = $1200000 Now you are wealthy
You Must Have a Wealth Building Strategy to Be
Successful
This is how true wealth is created over time People who only wholesale property for a living are not true investors -- they really have a job When a wholesaler buys a property and then passes it on to another person and they get paid a fee that money will be quickly spent and they then have to go out and find another property to whole-sale again so they can get another fee To me thatrsquos a job and I donrsquot want another job I want financial success
If you plan to be a successful real estate in-vestor and create the wealth you want it is going to be very important that you are able to recognize opportunity when it pres-ents itself It took me nearly 25 years to figure this out for myself and that is why I am sharing this information with you now so you can more quickly achieve financial freedom and your eventual wealth
Comment on this article online at httpatlantareiacomp=19032
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
Atlanta Real Estate Investors Alliance bull FEB 2013
Join our Mobile Real Estate Investor VIP ListJust text ATLAnTA to 404-996-1099Standard text message rates apply
Follow us online from your mobile phone at httpAtlantaREIAcom httpFacebookcomAtlantaREIA httpTwittercomAtlantaREIA httpYoutubecomAtlantaREIA httpMeetupcomAtlantaREIA
Want to stay plugged in and connected to Atlanta REIA from
your mobile device
Subscribe to The Profit Newsletter amp Email list at httpSubscribeAtlantaREIAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
For a Limited Time
Wersquore Sharing our Design Firm with our Advertisers
GROW YOUR BUSINESS TODAY placing an ad in The Profit and our design firm River City Consulting will design your ad for FREE Wersquoll also provide you with the digital file to use online and to have printed to use as promotional flyersMinimum 3-month Obligation
When yoursquore ready to get started call Christine Griffin at 678-701-7160 or email adminatlantareiacom
SEE THEIR WORK IN amp ON
AAttllaannttaa RREEIIAA MMeemmbbeerrsshhiipp AApppplliiccaattiioonn Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560
Atlanta REIA Use Only Member ____________ Exp Date ____________ ID Card Printed Sent _________
Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560 rev 1282011
Membership Plans - Choose a Membership Plan
Silver Membership for Individual $100year
Silver Membership for Couple $150year
Gold Membership for Individual $300year
Gold Membership for Couple $300year
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Applicant 1 Applicant 2
Address
Phone 1 Phone 2
Email 1 Email 2
Sponsor (if applicable)
Payment Information - Please print clearly
Name on Card Total Amount $
Billing Address
Card Type Visa Master Card Discover American Express
Card Number Expiration Date Code
Terms of Sale Disclaimer amp Release The undersigned Applicant(s) hereafter called the Applicant understands and acknowledges that membership in the Atlanta Real Estate Investor Alliance hereafter called Atlanta REIA absolutely does NOT entitle nor make Applicant a legal member of Atlanta REIA LLC the company Applicant acknowledges that Atlanta REIA does not render legal tax economic or investment advice All programs are provided with the understanding that Atlanta REIA is not engaged in rendering legal tax or other professional services If legal tax or other expert assistance is required the services of a competent professional should be sought Atlanta REIA does not investigate its members nor vouch for nor make representation as to the honesty integrity reliability motives andor resources of its members officers directors employees agents and or contractors The Applicant in consideration for hisher acceptance as a member of Atlanta REIA hereby releases discharges and agrees to indemnify Atlanta REIA its officers directors members employees agents andor contractors from any liabilities now accrued or which may hereafter accrue from their actions inactions or communications made by Atlanta REIA andor officers directors members employees agents andor contractors in or through their respective capacities with Atlanta REIA Applicant agrees to comply with the terms and conditions described herein the Code of Ethics and any other terms described on our website at AtlantaREIAcom as well as any other Atlanta REIA rules and regulations Applicant agrees and acknowledges that Atlanta REIA may enforce these codes terms rules and regulations at its sole and absolute discretion and may terminate this membership at any time for any reason whatsoever Applicant grants to Atlanta REIA its representatives and employees the right to take photographs video or audio of Applicant and Applicants property Applicant authorizes Atlanta REIA its assigns and transferees to copyright use and publish the same in print andor electronically Applicant agrees that Atlanta REIA may use such photographs video and audio of Applicant with or without Applicants name and for any lawful purpose including but not limited to publicity illustration advertising and web content Applicant grants permission to Atlanta REIA to contact Applicant regarding membership and related business by phone fax email text message chat programs social networking automated voice broadcast dialers or any other means necessary By completing this application Applicant agrees to give Atlanta REIA permission to bill the credit card above for the membership plan selected above Applicant acknowledges and agrees that the term of membership is one (1) year and that billing for membership will be automatically renewed for one (1) year upon expiration at the then current membership rate and that the appropriate charges be applied to Applicants credit card on file Should Applicant decide to cancel membership a written notice of cancellation must be emailed faxed or sent via postal email to Atlanta REIA at the address email or fax below thirty (30) days prior to the next billing or renewal period Atlanta REIA must acknowledge receipt of this written cancellation notice for it to be valid Membership dues are NON-REFUNDABLE for any reason whatsoever Applicant promises NOT to initiate any refunds or credit card charge backs for these membership dues and related charges at any time Applicant agrees that Atlanta REIA may change the terms of this Agreement or its membership dues at any time by posting such changes to our website at AtlantaREIAcom By continuing membership Applicant agrees to be bound by such changes Applicant will send all written notifications to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 Fax 770-216-1560 Email noticesatlantareiacom With my signature I accept the Terms of Sale Disclaimer amp Release and I authorize Atlanta REIA LLC to charge my credit card for the membership plan above as well as total recurring amount shown I further acknowledge that these membership dues are non-refundable
Applicant 1 (sign) Applicant 2 (sign)
(print) (print)
Date Date
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 27
Atlanta Real Estate Investors Alliance bull FEB 2013
Atlanta REIA Meetings CalendarhttpAtlantaREIAcomMeetings
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
3rd Wednesday of Each MonthLate Nite Networking Buford900 PM ndash Late NiteTilted Kilt 3480 Financial Center Pkwy M1080 Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
3rd Thursday of Each MonthSavannah REIA630 PM ndash 900 PMGallery Espresso234 Bull St Savannah GALeader Aislee Jacksonhttpsavannahreiacom
4th Monday of Each MonthAtlanta REIA West Meeting630 PM ndash 900 PMCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Monday of Each MonthLate Nite Networking Marietta900 PM ndash CloseCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Tuesday of Each MonthNote Buyer Group Meeting630 PM ndash 830 PM Olive Garden 2467 Cobb Parkway SE Smyrna GALeader Tom Boyerhttpnbgatlantareiacom
4th Thursday (Once Per Quarter)Beginning Investors Group Meeting (BIG)630 PM ndash 900 PMChef Robrsquos Caribbean Cafe 5920 Roswell Rd NE A117 Sandy Springs GALeader Alan McDonaldhttpbigatlantareiacom
4th Thursday of Each MonthCash Cows Commercial Group1130 AM ndash 100 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GAhttpcashcowsatlantareiacom
Meets at Various Times Each MonthCash Flow Players Group MeetingTo Be AnnouncedSecrets Factory 2030 Powers Ferry Rd SE 440 Atlanta GALeader Alan McDonaldhttpcashflowatlantareiacom
2nd Wednesday of Each MonthSpanish Investors Networking Group (SING)630 PM ndash 830 PMTaco Depot 4788 Sugarloaf Pkwy 107 Lawrenceville GALeader Michael Vazquezhttpsingatlantareiacom
2nd Wednesday of Each MonthI Love Marketing Group700 PM ndash 900 PMSocial Vinings 3621 Vinings Slope SE Atlanta GALeader Rock Shukoorhttpilmatlantareiacom
2nd Thursday of Each MonthAtlanta REIA South Meeting630 PM ndash 830 PMGiovannarsquos Italian Kitchen 1375 Virginia Ave East Point GALeader Reggie Jackson amp Gordon Cattshttpsouthatlantareiacom
2nd Thursday of Each MonthNorth Georgia REIA700pm - 900pmHilton Garden Inn Cartersville 24 Liberty Drive Cartersville GALeaders Bill amp Kim Cookhttpreioutpostcom
2nd Thursday (Once Per Quarter)Small Business Group (SBG)330 PM ndash 530 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Karen Bershadhttpsbgatlantareiacom
3rd Monday of Each MonthMovers amp Shakers Lunch Meeting1100 AM ndash 130 PM5 Seasons Brewing3655 Old Milton Parkway Alpharetta GALeader Gordon Cattshttpmoversandshakersatlantareiacom
3rd Tuesday of Each MonthGwinnett County Group (The Fish Club)700 PM ndash 900 PMRed Lobster2055 Pleasant Hill Rd Duluth GALeader Aaron McGinnishttpfishclubatlantareiacom
3rd Wednesday of Each MonthAtlanta REIA North Meeting630 PM ndash 830 PM1960 Skylar Hill Dr Suite D Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
February 4th 2013Atlanta REIA Main Meeting530 PM ndash 900 PM Crowne Plaza Ravinia Hotel4355 Ashford Dunwoody Atlanta GA Leader Dustin Griffinhttpmainatlantareiacom
1st Monday of Each MonthLate Nite Networking Dunwoody930 PM ndash Late NiteTilted Kilt 1155-B Mount Vernon Hwy Atlanta GALeader Lee Buddenhttpmainatlantareiacom
1st Monday (Once Per Quarter)Mobile Real Estate Rockstars Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Don DeRosahttprockstarsatlantareiacom
1st Monday (Once Per Quarter) Short Sale amp Foreclosure Group300 PM ndash 530 PMTotal Wine amp More124 Perimeter Center W Atlanta GALeader Bob Masseyhttpssfatlantareiacom
1st Monday (Once Per Quarter)Active Investors Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Gordon Catts
1st Tuesday of Each MonthMountain REIA630 PM ndash 900 PMGolden Corral 2025 Market Place Blvd Cumming GALeader Gordon Cattshttpmountainreiacom
1st Wednesday of Each MonthCreative Deal Structuring Group (CDS)700 PM ndash 900 PMWhitehall Tavern 2391 Peachtree Rd NE Atlanta GALeader Russ Hinerhttpcdsatlantareiacom
Every Thursday (Except Major Holidays)Have amp Wants Meeting130 PM - 330 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Joe Thompsonhttphavesandwantsatlantareiacom
Next Meeting March 28th
Next Game on Sat Feb 9th
Meets Monday Feb 4th
ATLANTA REIA CALENDAR OF EVENTSFEBRUARY 2013
SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
Movers amp Shakers1100am - 130pm
Gwinnett County Group (The Fish Club) 700pm ndash 900pm
I Love Marketing Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pm
Mountain REIA630pm ndash 900pm
Atlanta REIA MAIN MEETING with Bill Cook
530pm ndash 900pmMobile Real Estate Rockstars Group 300-500pm
Creative DealStructuring Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pmAtlanta REIA South Meeting630pm ndash 830pmNorth Georgia REIA700pm - 900pm
NEWSLETTER dESigN PRovidEd by
SNEAK PEEK FOR MARCHMAR 4 ATLANTA REIA MEETING
APR 1 ATLANTA REIA MEETING WITH JAY CONNER
APR 27 FULL DAY WORKSHOP WITH JAY CONNER amp RON LEGRAND
Haves amp Wants Meeting130pm - 330pm
Cash Cows Commercial Group1130am - 100pmHaves amp Wants Meeting130pm - 330pm
Atlanta REIA West Meeting630pm ndash 900pmLate Nite Networking Marietta900 PM ndash Close
Note Buyer Group Meeting 6300pm ndash 830pm
Atlanta REIA North Meeting630pm-830pmLate Nite Networking Buford900pm - Late
Grow Your Wealth With The Financial
Calculator Workshopwith Bill amp Kim Cook
900am - 500pmCartersville GA
Wealth Building Using Self-
Directed IRAswith Dyches Boddiford amp
Pete FortunatoAtlanta GA
- FB
- YT
- MU
- Button 34
- Button 72
HOME INSPECTION
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major systems InspectIon$60 per Home amp one page summary report
Great for Rehabs
Investor major systems InspectIon25 of your Fees are credited toward
A Full Home Inspection
Investor InspectIon prIcIng on FUll InspectIons
bull 1st Home regular pricebull each Inspection accrues an additional
5 discount on Inspections 2ndash5bull Inspections 6 and beyond are 25 OFF
REI SPECIALS
bull FRee 90-day Home warranty wItH every complete Home InspectIon
bull FRee recall cHeck on applIcances and mecHanIcal components oF tHe Home wItH FRee Updates For lIFe
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bull reportsprInteDon-sItewIthIntheQUoted tIme - GuARAnteeD
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bull 247 onlIne scHedUlIng and docUment sIgnIng
bull FRee repaIrs re-InspectIon and InspectIon Update
bull FRee consUltIng For lIFe vIa pHone emaIl and skype
bull BOnDeD amp InsuReD wItH errors and omIssIons InsUrance
Visit wwwPetesFriendlyHomeInspectioncom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 19
Atlanta Real Estate Investors Alliance bull FEB 2013
Caution Landlords Accepting Money After Filing An Eviction Impacts Your RightsBy Attorney Jon David W Huffman
Landlords often have mixed emo-tions when their tenants call and offer them money after a dispos-
sessory warrant (an eviction) has been filed On one hand landlords are in the business of collecting rent However they worry how it may affect moving forward with the eviction Accepting a payment after an eviction is filed does af-fect your rights
Residential Landlords
A residential landlord has a duty to ac-cept a payment from a tenant who is in default if and only if the tenant tenders ldquoall rents allegedly owed plus the cost of the [eviction]rdquo1 However the tenant can-not wait until the last moment to do this They must tender the full payment within seven days of the day they were served the eviction paperwork2 There is no need to worry about a tenant doing this perpetu-ally because a landlord is only obligated to accept this type of payment once per year3 Making this payment provides a complete defense to the eviction and upon receipt a landlord should dismiss the eviction
If a residential tenant offers a partial pay-ment however BEWARE A residential landlord who accepts a partial payment from a tenant after an eviction has been filed waives his right to continue with the eviction and admits the continuance of the lease4 In simple terms the eviction fails and the landlord must start the eviction process over if he wishes to evict the ten-
ant It does not matter when the partial payment is made ndash whether one hour after the eviction is filed or five minutes before the eviction trial Thus the landlord must either reject the partial payment or if ac-cepted he must restart the eviction process
Commercial Landlords
Perhaps unsurprisingly the law on ldquonon-residentialrdquo or commercial leases allows more freedom to contract
A commercial tenantrsquos right to tender past due rent and the dispossessory fee can be contractually waived5 Indeed in many commercial real estate leases this right is waived All commercial landlords should have an attorney review their lease to en-sure that they have the right to regain possession of their property upon default without giving a tenant the right to pay the past due rent and dispossessory fees
Following the freedom-to-contract prin-ciple a commercial landlord can accept a partial payment without waiving his rights to evict Under OCGA sect 44-7-52(c) a commercial landlord is free to take a par-tial payment and continue the eviction process unhindered Of course any money received would offset the landlordrsquos dam-ages So commercial landlords cash that check and keep on going
Disclaimer The information contained in this article is for informational purposes only and is not legal advice or a substitute for legal counsel
It does not constitute advertising or solicitation The information in this article may or may not reflect the most current legal developments ac-cordingly this article is not guaranteed to be complete and should not be considered an indi-cation of future results
Comment on this article online at httpatlantareiacomp=19013
1 OCGA sect 44-7-52(a)2 Id 3 Id4 Gay v American Oil Co 115 Ga App 18 153 S E 2d 612 (1967)2 Id3 Id4 Gay v American Oil Co 115 Ga App 18 153 S E 2d 612 (1967)5 Hardwick v 3379 Peachtree 184 Ga App 822 824 363 SE2d 31 (1987)
real estate legal report
Jon David Huffman 404-373-4008 x 304JonDavidPooleLawGroupcom
wwwPooleLawGroupcom
wwwJonDavidHuffmancom
Jon David Huffman is a litigation attorney specializing in real estate disputes business disputes and commercial collections With
more than a decade of experience managing small businesses before attending Emory Law School he brings a business ownerrsquos perspective to the practice of law
wwwMeetUpcomAtlantaREIA
Join us on Meetup and RSVP for the meetings you will be attending
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 20
Atlanta Real Estate Investors Alliance bull FEB 2013
With each New Year comes new ventures More and more often investors have
to expand their investment territories in order to stay active As technology con-tinues to make the world a smaller place many investors are also looking at invest-ing in different states and some in differ-ent countries By doing this the amount of inventory increases dramatically if you make the right contacts At the same time if you work with investors that are open in investing out of state or in different coun-tries you have the ability to sell more
With all this said it is not always as easy as it may sound whether you are the buyer or seller As the buyer you need to make a trip to the new area you are looking to invest in The reason to do this is obviously to learn the market but secondly to make a few key contacts in the area The main contacts you need to make are a few wholesalers real estate agents contractors a title company and property management if you are look-ing for rentals Not only will these contacts help you in their area of specialty but they can also be go-to people for a second opinion on any potential deals In order for this to be a win-win situation you want to use these contactsrsquo services For example if you ask a contractor to verify repair cost on a home you should use himher for that project
The suggestions mentioned above also ap-ply to those looking to sell properties out-side their local area of expertise If you are teaming up with a local in a new area make sure you are working with someone that can answer questions experienced investors will need answered Keep in mind that just because someone tells you a property is a good deal to invest in does not mean it is
You may be marketing a property that you would normally not market Even worse you may end up selling a property that you would not have sold if you knew the market better Investors will typically follow you into another statecountry if you have been part of their success in their local market Investors should do their own due diligence but you should do your own before even marketing that deal otherwise you will lose credibility You may not only lose credibil-ity in the new market but also in your local market You can also lose money that you have out for a due diligence period andor earnest money if you discover that you con-tracted a dud Remember the importance of closing once you have a contract in place
Before venturing into a new market make sure you at least make the contacts men-tioned above Let them know your inten-tions of investing andor selling in their area soon but are currently familiarizing yourself with the market This will prevent them from thinking of you as just another window shopper Remember that if you create a win-win-win situation your success will continue to grow
Comment on this article online at httpatlantareiacomp=19041
FroM contract to closing
New TerritoriesBy Michael Vazquez
Michael Vazquez 678-951-9222MichaelPVazquezGmailcom
Michael Vazquez has been offering properties to real estate investors significantly below market value since 2006 in both Texas and Georgia
Michael is always looking to for more investors to work with
Solutions that help you Make More
Work LessUse your iPad iPhone or other mobile device anywhere tohellip
H Find comps and rental rates
H Sign and send contractsH Plan your entire rehabH and so much more
Check it out noW5 Day Trial for only $1
Make More Work LessGo To
MobileRealEstateRockstarcomAtlanta-REIA
Keep up to date with our latest opportunities by joining us on Twitter at wwwTwittercomAtlantaREIA
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 21
Atlanta Real Estate Investors Alliance bull FEB 2013
Every New Yearrsquos Day people consider what they want to ac-complish in the following year
Well we are now 30 days into 2013 and I am sure that you have reflected on 2012 What resolutions did you follow to success What results have you seen from last yearrsquos work
At the beginning of 2013 I reflected on what I considered success Like many of you I realized that I want to improve my monetary financial relationship and problem-solving skills because these lead us to success What is success in 2013 ACHIEVING MORE OF YOUR GOALS
We all know that success in our busi-ness means learning new tricks tips and techniques We must accumulate knowledge and power We must achieve a superior capacity to think and act effectively through presentations best practices and strong strategies We must have a highly competitive advantage a platinum value But how do we strengthen the skills that we MUST have
The ONLY way to achieve this is through what I call PAC Planning Accountability and Consistency
Planning
Planning means success Planning means that you will be prepared to react logically You will be able to carefully consider the market environment re-lationships and finances Planning sets you up for control of your own success
Because Irsquove been in this business for so long one of the many things I can tell you is an easy way to plan-- measure what you are doing Here is how
bull Graph your numbers once a week
bull Reflect on your graphmdashAre your ef-forts showing success
- If not change your strategy
- If so reflect on what you have done and decide how to do it even better
For example wanting to earn $200000 a year is my goaldesired outcome To do this I will work backwards from the goal to the actual steps and processes needed to allow me to achieve the goals These steps are the action plan
ONLY when we know our goals can we outline the steps to get there Only then can
we follow the steps and make adjustments
Accountability and Consistency
Do you make time for your success or do you need support to be consistently accountable to your goals your plan and yourself
This is where I come in I can coach you with your plan accountability and con-sistency PAC
Irsquod like to share some of my action steps for 2013mdashthese are examples of action steps that as your coach I can help you to create plan and execute As your coach I can help you increase your ex-pertise with goals like these by helping you to use the PAC principles
1 Increase my profitability by using my resources effectively and ef-ficiently Example Limit events tasks and time with people which donrsquot align with my goals or which canrsquot be satisfied
2 Create systems situations and op-portunities to meet and present to qualified customers Goal Meet new customers 20 of the time
3 Focus 100 on my emotional physical and mental focus What can I do
4 Debrief after events to increase my expertise
Consistent effort energy time use of resources and learning will allow me to achieve my goals It will help you toomdashif you apply PAC
With PAC and my assistance you can eliminate sabotaging behaviors and be-
hoW to Be a real estate investor
2013 A Year of Achieving Your Goals with PAC By Russ Hiner
Join us for
LATE nITE nETWoRKInGat the Meeting-After-the-MeetingWe meet at the Tilted Kilt Perimeter located 1155-B Mount Vernon Highway in Atlanta right after our Atlanta REIA Main Meeting
PERIMETERcontinued on page 23
Attend Russrsquos Creative Deal Structuring on Feb 9th at 7PM
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 22
Atlanta Real Estate Investors Alliance bull FEB 2013
Welcome back If you read Part One of this article you know that we covered the
other different types of popular real es-tate deals that most people do and the biggest problems with them these days Then we talked about how advantageous it is to do the new type of deals Whole-saling Pretty Houses
But we still have a few important things to cover so letrsquos pick up where we left offhellip
Once you agree on the deal amp terms with the seller you get all the paperwork signed amp closed at either a title compa-ny or attorneyrsquos office No exceptions Yoursquoll want that legal backup in case the seller conveniently forgets what they agreed to later
So now yoursquove got a deal under contract amp all the paperwork signed What now Simple You get it lsquosoldrsquo as an oppor-tunity to a tenant buyer who 1 Has a decent chunk of money to put down (typically $5000+minimum) and 2 Can afford the existing monthly mort-gage payments
For example letrsquos say you have a house worth $250000 The seller owes $260000 with monthly PITI payments of $1550 amp theyrsquore current The house needs little to no repair amp is in a great neighborhood where people want to live The seller just wants to walk amp realizes
that there is NO money to be made on this deal obviously
So at a glance it looks like this
ARV $250kOWE $260k PAYMENT $1550 PITI
currentREPAIRS $0ASKING $0 Just wants out (for what-
ever reason eg job x-ferloss divorce etc)
So you SELL the house on a Lease Purchase (aka lsquoRent to Ownrsquo) to a tenant buyer who falls in love with the house has at least $5000 to put down as Non-Refundable Option Consideration and can easily af-ford the $1550 monthly payments (plus utilities HOA etc obviously)
You arrange the closing at the title compa-nyattorneyrsquos office (have the tenant buyer pay their fee) and collect your check
hellipAND YOUrsquoRE DONE You are OUT of the deal from this
point forward
So what just happened And why would you WANT to be OUT of the deal after that
Good question Letrsquos recap shall we
You found amp negotiated a deal on a house with little to no equity that no one else would touch You solved the sellerrsquos prob-
lem amp they love you for it You then went amp found a tenant buyer who couldnrsquot buy a house now if their life depended on it (in most cases) and gave them an honest op-portunity to eventually buy this beautiful house in a beautiful neighborhoodhellip even if their credit is terrible
(NOTE The worse their credit is the more you should collect as a downpay-ment )
After that the tenant-buyer should just make the monthly mortgage pay-ments as rent There are a few options on how they can do this 1 Pay directly to the seller 2 Pay directly to the mortgage company 3 Pay to a 3rd-party paymentescrow company I highly suggest doing the 3rd so everyone can be sure the pay-ments are made on time There are several companies that will provide this service for you for a nominal fee ranging from $5 to $50mo Check around for more informa-tion on that
So herersquos the next big question WHY would YOU as the investor want to be DONE with the deal after that Why wouldnrsquot you want to get the deed or stay in the deal
Herersquos the answer You WOULD want to stay in the deal (and maybe get the deed)hellip IF
IF the seller has equity IF the house is go-ing UP in value Or IF the mortgage pay-
The Best Deals To Do in Real Estate in 2013 amp Beyond ndash Part 2By Tony Pearl
pearls oF WisDoM
NGaREIANorth GeorGia reia MoNthly MeetiNG
2nd Thursday of Each Month at 700 PMat the Hilton Garden Inn
Cartersville GA
See httpREIOutpostcom for more information
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 23
Atlanta Real Estate Investors Alliance bull FEB 2013
ments are LOW and the rent is HIGH Those are some great examples of why you WOULD want to remain in the deal
But IF the opposite is true you should simply collect your down payment from the seller amp assign that deal that you just lined up Wait a minute Assign the deal WHO would you assign the deal to
Irsquom smiling as I write this and hopefully you will too as you realize the obvious
You ASSIGN the deal right back to the SELLER of the house Does that make sense
When the house goes back up in value amp the tenant buyer is ready to buy guess what
Theyrsquoll buy directly from the seller And you explain all that to everyone involved in the deal
This Type Of Deal Is Tremendously Advantageous
To You When
bull Houses in that area are still declining in value
bull If the seller simply owes too much
bull Or if you just want an easy-in easy-out type of simple deal to do that still quickly puts thousands of dol-lars in your pocket without any risk or rehab
In the example above you got a check for (at least) $5000 pretty quickly and you donrsquot have to deal with the tenant-buyer or the seller ever again if you donrsquot want to In Out Paid Done Simple
Of course there are some important de-tails in the middle that you should learn If these types of deals make sense to you and you would like to learn more either ask your local REIA leader to get more information for you or drop me a line Irsquod love to help
So there you have it I believe that wholesaling pretty houses is one of the best types of deals you can be doing in 2013 amp beyond Itrsquos quick amp easy and there are plenty of deals like that out there now Best of all therersquos VERY little competition to do this For now
Hopefully your competition wonrsquot read this article
Until Next Time
Tony Pearl
Comment on this article online at httpatlantareiacomp=19037
Tony Pearl202-556-0670TonyTonyPearlcom
wwwTonyPearlcom
wwwFacebookcomTonyPearl
wwwTwittercomTheTonyPearl
wwwYoutubecomTonyPearl
Tony Pearl is an entrepreneur copywriter proud father mentor marketing consultant and talented teacher who resides in the Washington DC area He
has traveled to over 26 countries speaks 4 languages and continues to travel extensively He has been a professional Ballroom and Latin dance instructor competitor and exhibitor for over 19 years As a Real Estate Investor Tony has bought and sold over Ten Million dollars worth of real estate and has been educated by and associates with the best
Russ Hiner 404-660-4289RussRHinercom
wwwRHinercom
wwwFacebookcom1RHiner
Russ has been investing in real estate in Atlanta Georgia since 1981 His company currently controls apartment buildings and single-family properties in Georgia and
other states His focus is on raising private capital through Hedge Equity LLC
Russ invests everyday His knowledge and experience is current in the market He is capitalizing on the needs wants and desires of the customer He has a deep level of experience in building relationships with vendors investors tenants sellers and qualified buyers He has the knowledge to negotiate contracts manage rental properties and make his co-investors wealthy He enjoys taking properties which are virtually destroyed renovating them and creating a better community
come accountable Being accountable will lead to success which will give you the confidence to take responsibility for your greatness Confidence is liberating It leads to increased passion for your work With renewed passion 2013 can be your year of commitment and success With renewed energy you can follow your Plan that will lead you to Consis-tency Accountability and SUCCESS
So itrsquos 2013 You have goals
Will you use the same techniques that you did in 2012 Or will you join me and others whom Irsquove worked with in using new tools and renewed energy
What is the action step to begin plan-ning What should you do to help you remain on track
What can you do to make 2013 a differ-ent year for you a year of success
I am looking forward to meeting you and helping you on your way to a suc-cessful 2013
Comment on this article online at httpatlantareiacomp=19035
Achieving Your Goals with PAC cont from p21
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 24
Atlanta Real Estate Investors Alliance bull FEB 2013
How to Quickly Get 10 to 15 Good Rental Properties Paid For Free and Clear By Larry Harbolt
creative Financing is king
Larry Harbolt 727-420-4810LarryHarboltGmailcom
wwwLarryHarboltcom
wwwFacebookcomLarryHarbolt7
wwwTwittercomLarryHarbolt Larry Harbolt is the nationrsquos leading creative Seller Financing expert as well as a popular national real estate speaker and teacher whose time-
tested strategies and nuts and bolts teaching style has helped thousands of aspiring real estate entrepreneurs realize their financial dreams with little or no money and without the need for credit Larry has been successful creatively buying and selling real estate for over 30 years and has written numerous popular articles and real estate courses Larry also has been running a meetup group in St Petersburg FL for real estate investors for over 13 years
We are already in the second month of 2013 and I just had a conversation with one
of my students who wanted to know how to create wealth in the shortest possible pe-riod of time The following is my idea how wealth for any real estate investor can be created in the shortest period of time
Here is an example of how you can quickly achieve financial freedom and then wealth investing in real estate
For instance the first thing you need to do is buy 10 to 15 well selected income pro-ducing properties you are willing to keep long term as your retirement program and the base of your future wealth I personally love the thought of someone else having to go to work every day to earn money they give me in the form of rent each month that pays for my properties without me having to have a job or have to go to work every day Then once you have bought your 10 to 15 keeper rental houses in good neighborhoods with tenants who are pay-ing on time every month letrsquos say $1000 each month of which $520 goes for the monthly loan payment and after monthly expenses of property taxes property insur-ance a maintenance fund and a vacancy fund leaves you from the $1000 gross rent approximately $150 each month to put into your pocket Letrsquos say for each of your keeper rental properties you paid $88000 with very little money down and were able to get seller financing terms for 30 years
Then once you get those 10 to 15 houses free and clear with no debt each month you get to keep the entire $1000 from each house (less taxes and insurance and main-tenance costs) leaving you about $600 to $650 from each house each month Ten houses at $600 each equals $600000 each month paid directly to you to pay your bills Some of you might need 15
houses to achieve your goals If you have 15 houses x $600 net each month will give you $9000 per month income to cover your monthly expenses Once you have that much coming in each month you will have financial freedom but not yet wealth Wealth comes over time Let me show you how to get your properties free and clear in the shortest period of time
Getting Your 10 to 15 Houses Free and Clear In a Short
Period of Time
After you have your base of 10 to 15 houses bought then each year go out and buy an additional 10 to 15 houses The additional 10 to 15 houses you buy each year can be rehabbed and then sold If you were to take all of the profits from the sale of each of the additional 10 to 15 houses (after paying the taxes) and use the money you have left to pay off one or two of the loans on the houses you plan to keep and you did this over and over for a few years your base of rental properties would soon be com-pletely paid for and you would then have enough income coming in each month to be financially free
This is definitely a plausible and possible plan to become financially free in the short-est period of time Once you have done this you will then have more time and money to continue to buy even more houses sim-ply because you will have enough income each month coming in so you donrsquot have to go to a job you hate every day
Once all of your base of income produc-ing properties are completely paid for and are free and clear you will probably truly be a millionaire If you have 15 properties valued at $80000 that are free and clear your net worth will be $80000 X 15 = $1200000 Now you are wealthy
You Must Have a Wealth Building Strategy to Be
Successful
This is how true wealth is created over time People who only wholesale property for a living are not true investors -- they really have a job When a wholesaler buys a property and then passes it on to another person and they get paid a fee that money will be quickly spent and they then have to go out and find another property to whole-sale again so they can get another fee To me thatrsquos a job and I donrsquot want another job I want financial success
If you plan to be a successful real estate in-vestor and create the wealth you want it is going to be very important that you are able to recognize opportunity when it pres-ents itself It took me nearly 25 years to figure this out for myself and that is why I am sharing this information with you now so you can more quickly achieve financial freedom and your eventual wealth
Comment on this article online at httpatlantareiacomp=19032
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
Atlanta Real Estate Investors Alliance bull FEB 2013
Join our Mobile Real Estate Investor VIP ListJust text ATLAnTA to 404-996-1099Standard text message rates apply
Follow us online from your mobile phone at httpAtlantaREIAcom httpFacebookcomAtlantaREIA httpTwittercomAtlantaREIA httpYoutubecomAtlantaREIA httpMeetupcomAtlantaREIA
Want to stay plugged in and connected to Atlanta REIA from
your mobile device
Subscribe to The Profit Newsletter amp Email list at httpSubscribeAtlantaREIAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
For a Limited Time
Wersquore Sharing our Design Firm with our Advertisers
GROW YOUR BUSINESS TODAY placing an ad in The Profit and our design firm River City Consulting will design your ad for FREE Wersquoll also provide you with the digital file to use online and to have printed to use as promotional flyersMinimum 3-month Obligation
When yoursquore ready to get started call Christine Griffin at 678-701-7160 or email adminatlantareiacom
SEE THEIR WORK IN amp ON
AAttllaannttaa RREEIIAA MMeemmbbeerrsshhiipp AApppplliiccaattiioonn Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560
Atlanta REIA Use Only Member ____________ Exp Date ____________ ID Card Printed Sent _________
Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560 rev 1282011
Membership Plans - Choose a Membership Plan
Silver Membership for Individual $100year
Silver Membership for Couple $150year
Gold Membership for Individual $300year
Gold Membership for Couple $300year
Applicant Information - Please print clearly
Applicant 1 Applicant 2
Address
Phone 1 Phone 2
Email 1 Email 2
Sponsor (if applicable)
Payment Information - Please print clearly
Name on Card Total Amount $
Billing Address
Card Type Visa Master Card Discover American Express
Card Number Expiration Date Code
Terms of Sale Disclaimer amp Release The undersigned Applicant(s) hereafter called the Applicant understands and acknowledges that membership in the Atlanta Real Estate Investor Alliance hereafter called Atlanta REIA absolutely does NOT entitle nor make Applicant a legal member of Atlanta REIA LLC the company Applicant acknowledges that Atlanta REIA does not render legal tax economic or investment advice All programs are provided with the understanding that Atlanta REIA is not engaged in rendering legal tax or other professional services If legal tax or other expert assistance is required the services of a competent professional should be sought Atlanta REIA does not investigate its members nor vouch for nor make representation as to the honesty integrity reliability motives andor resources of its members officers directors employees agents and or contractors The Applicant in consideration for hisher acceptance as a member of Atlanta REIA hereby releases discharges and agrees to indemnify Atlanta REIA its officers directors members employees agents andor contractors from any liabilities now accrued or which may hereafter accrue from their actions inactions or communications made by Atlanta REIA andor officers directors members employees agents andor contractors in or through their respective capacities with Atlanta REIA Applicant agrees to comply with the terms and conditions described herein the Code of Ethics and any other terms described on our website at AtlantaREIAcom as well as any other Atlanta REIA rules and regulations Applicant agrees and acknowledges that Atlanta REIA may enforce these codes terms rules and regulations at its sole and absolute discretion and may terminate this membership at any time for any reason whatsoever Applicant grants to Atlanta REIA its representatives and employees the right to take photographs video or audio of Applicant and Applicants property Applicant authorizes Atlanta REIA its assigns and transferees to copyright use and publish the same in print andor electronically Applicant agrees that Atlanta REIA may use such photographs video and audio of Applicant with or without Applicants name and for any lawful purpose including but not limited to publicity illustration advertising and web content Applicant grants permission to Atlanta REIA to contact Applicant regarding membership and related business by phone fax email text message chat programs social networking automated voice broadcast dialers or any other means necessary By completing this application Applicant agrees to give Atlanta REIA permission to bill the credit card above for the membership plan selected above Applicant acknowledges and agrees that the term of membership is one (1) year and that billing for membership will be automatically renewed for one (1) year upon expiration at the then current membership rate and that the appropriate charges be applied to Applicants credit card on file Should Applicant decide to cancel membership a written notice of cancellation must be emailed faxed or sent via postal email to Atlanta REIA at the address email or fax below thirty (30) days prior to the next billing or renewal period Atlanta REIA must acknowledge receipt of this written cancellation notice for it to be valid Membership dues are NON-REFUNDABLE for any reason whatsoever Applicant promises NOT to initiate any refunds or credit card charge backs for these membership dues and related charges at any time Applicant agrees that Atlanta REIA may change the terms of this Agreement or its membership dues at any time by posting such changes to our website at AtlantaREIAcom By continuing membership Applicant agrees to be bound by such changes Applicant will send all written notifications to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 Fax 770-216-1560 Email noticesatlantareiacom With my signature I accept the Terms of Sale Disclaimer amp Release and I authorize Atlanta REIA LLC to charge my credit card for the membership plan above as well as total recurring amount shown I further acknowledge that these membership dues are non-refundable
Applicant 1 (sign) Applicant 2 (sign)
(print) (print)
Date Date
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 27
Atlanta Real Estate Investors Alliance bull FEB 2013
Atlanta REIA Meetings CalendarhttpAtlantaREIAcomMeetings
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
3rd Wednesday of Each MonthLate Nite Networking Buford900 PM ndash Late NiteTilted Kilt 3480 Financial Center Pkwy M1080 Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
3rd Thursday of Each MonthSavannah REIA630 PM ndash 900 PMGallery Espresso234 Bull St Savannah GALeader Aislee Jacksonhttpsavannahreiacom
4th Monday of Each MonthAtlanta REIA West Meeting630 PM ndash 900 PMCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Monday of Each MonthLate Nite Networking Marietta900 PM ndash CloseCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Tuesday of Each MonthNote Buyer Group Meeting630 PM ndash 830 PM Olive Garden 2467 Cobb Parkway SE Smyrna GALeader Tom Boyerhttpnbgatlantareiacom
4th Thursday (Once Per Quarter)Beginning Investors Group Meeting (BIG)630 PM ndash 900 PMChef Robrsquos Caribbean Cafe 5920 Roswell Rd NE A117 Sandy Springs GALeader Alan McDonaldhttpbigatlantareiacom
4th Thursday of Each MonthCash Cows Commercial Group1130 AM ndash 100 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GAhttpcashcowsatlantareiacom
Meets at Various Times Each MonthCash Flow Players Group MeetingTo Be AnnouncedSecrets Factory 2030 Powers Ferry Rd SE 440 Atlanta GALeader Alan McDonaldhttpcashflowatlantareiacom
2nd Wednesday of Each MonthSpanish Investors Networking Group (SING)630 PM ndash 830 PMTaco Depot 4788 Sugarloaf Pkwy 107 Lawrenceville GALeader Michael Vazquezhttpsingatlantareiacom
2nd Wednesday of Each MonthI Love Marketing Group700 PM ndash 900 PMSocial Vinings 3621 Vinings Slope SE Atlanta GALeader Rock Shukoorhttpilmatlantareiacom
2nd Thursday of Each MonthAtlanta REIA South Meeting630 PM ndash 830 PMGiovannarsquos Italian Kitchen 1375 Virginia Ave East Point GALeader Reggie Jackson amp Gordon Cattshttpsouthatlantareiacom
2nd Thursday of Each MonthNorth Georgia REIA700pm - 900pmHilton Garden Inn Cartersville 24 Liberty Drive Cartersville GALeaders Bill amp Kim Cookhttpreioutpostcom
2nd Thursday (Once Per Quarter)Small Business Group (SBG)330 PM ndash 530 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Karen Bershadhttpsbgatlantareiacom
3rd Monday of Each MonthMovers amp Shakers Lunch Meeting1100 AM ndash 130 PM5 Seasons Brewing3655 Old Milton Parkway Alpharetta GALeader Gordon Cattshttpmoversandshakersatlantareiacom
3rd Tuesday of Each MonthGwinnett County Group (The Fish Club)700 PM ndash 900 PMRed Lobster2055 Pleasant Hill Rd Duluth GALeader Aaron McGinnishttpfishclubatlantareiacom
3rd Wednesday of Each MonthAtlanta REIA North Meeting630 PM ndash 830 PM1960 Skylar Hill Dr Suite D Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
February 4th 2013Atlanta REIA Main Meeting530 PM ndash 900 PM Crowne Plaza Ravinia Hotel4355 Ashford Dunwoody Atlanta GA Leader Dustin Griffinhttpmainatlantareiacom
1st Monday of Each MonthLate Nite Networking Dunwoody930 PM ndash Late NiteTilted Kilt 1155-B Mount Vernon Hwy Atlanta GALeader Lee Buddenhttpmainatlantareiacom
1st Monday (Once Per Quarter)Mobile Real Estate Rockstars Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Don DeRosahttprockstarsatlantareiacom
1st Monday (Once Per Quarter) Short Sale amp Foreclosure Group300 PM ndash 530 PMTotal Wine amp More124 Perimeter Center W Atlanta GALeader Bob Masseyhttpssfatlantareiacom
1st Monday (Once Per Quarter)Active Investors Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Gordon Catts
1st Tuesday of Each MonthMountain REIA630 PM ndash 900 PMGolden Corral 2025 Market Place Blvd Cumming GALeader Gordon Cattshttpmountainreiacom
1st Wednesday of Each MonthCreative Deal Structuring Group (CDS)700 PM ndash 900 PMWhitehall Tavern 2391 Peachtree Rd NE Atlanta GALeader Russ Hinerhttpcdsatlantareiacom
Every Thursday (Except Major Holidays)Have amp Wants Meeting130 PM - 330 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Joe Thompsonhttphavesandwantsatlantareiacom
Next Meeting March 28th
Next Game on Sat Feb 9th
Meets Monday Feb 4th
ATLANTA REIA CALENDAR OF EVENTSFEBRUARY 2013
SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
Movers amp Shakers1100am - 130pm
Gwinnett County Group (The Fish Club) 700pm ndash 900pm
I Love Marketing Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pm
Mountain REIA630pm ndash 900pm
Atlanta REIA MAIN MEETING with Bill Cook
530pm ndash 900pmMobile Real Estate Rockstars Group 300-500pm
Creative DealStructuring Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pmAtlanta REIA South Meeting630pm ndash 830pmNorth Georgia REIA700pm - 900pm
NEWSLETTER dESigN PRovidEd by
SNEAK PEEK FOR MARCHMAR 4 ATLANTA REIA MEETING
APR 1 ATLANTA REIA MEETING WITH JAY CONNER
APR 27 FULL DAY WORKSHOP WITH JAY CONNER amp RON LEGRAND
Haves amp Wants Meeting130pm - 330pm
Cash Cows Commercial Group1130am - 100pmHaves amp Wants Meeting130pm - 330pm
Atlanta REIA West Meeting630pm ndash 900pmLate Nite Networking Marietta900 PM ndash Close
Note Buyer Group Meeting 6300pm ndash 830pm
Atlanta REIA North Meeting630pm-830pmLate Nite Networking Buford900pm - Late
Grow Your Wealth With The Financial
Calculator Workshopwith Bill amp Kim Cook
900am - 500pmCartersville GA
Wealth Building Using Self-
Directed IRAswith Dyches Boddiford amp
Pete FortunatoAtlanta GA
- FB
- YT
- MU
- Button 34
- Button 72
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 19
Atlanta Real Estate Investors Alliance bull FEB 2013
Caution Landlords Accepting Money After Filing An Eviction Impacts Your RightsBy Attorney Jon David W Huffman
Landlords often have mixed emo-tions when their tenants call and offer them money after a dispos-
sessory warrant (an eviction) has been filed On one hand landlords are in the business of collecting rent However they worry how it may affect moving forward with the eviction Accepting a payment after an eviction is filed does af-fect your rights
Residential Landlords
A residential landlord has a duty to ac-cept a payment from a tenant who is in default if and only if the tenant tenders ldquoall rents allegedly owed plus the cost of the [eviction]rdquo1 However the tenant can-not wait until the last moment to do this They must tender the full payment within seven days of the day they were served the eviction paperwork2 There is no need to worry about a tenant doing this perpetu-ally because a landlord is only obligated to accept this type of payment once per year3 Making this payment provides a complete defense to the eviction and upon receipt a landlord should dismiss the eviction
If a residential tenant offers a partial pay-ment however BEWARE A residential landlord who accepts a partial payment from a tenant after an eviction has been filed waives his right to continue with the eviction and admits the continuance of the lease4 In simple terms the eviction fails and the landlord must start the eviction process over if he wishes to evict the ten-
ant It does not matter when the partial payment is made ndash whether one hour after the eviction is filed or five minutes before the eviction trial Thus the landlord must either reject the partial payment or if ac-cepted he must restart the eviction process
Commercial Landlords
Perhaps unsurprisingly the law on ldquonon-residentialrdquo or commercial leases allows more freedom to contract
A commercial tenantrsquos right to tender past due rent and the dispossessory fee can be contractually waived5 Indeed in many commercial real estate leases this right is waived All commercial landlords should have an attorney review their lease to en-sure that they have the right to regain possession of their property upon default without giving a tenant the right to pay the past due rent and dispossessory fees
Following the freedom-to-contract prin-ciple a commercial landlord can accept a partial payment without waiving his rights to evict Under OCGA sect 44-7-52(c) a commercial landlord is free to take a par-tial payment and continue the eviction process unhindered Of course any money received would offset the landlordrsquos dam-ages So commercial landlords cash that check and keep on going
Disclaimer The information contained in this article is for informational purposes only and is not legal advice or a substitute for legal counsel
It does not constitute advertising or solicitation The information in this article may or may not reflect the most current legal developments ac-cordingly this article is not guaranteed to be complete and should not be considered an indi-cation of future results
Comment on this article online at httpatlantareiacomp=19013
1 OCGA sect 44-7-52(a)2 Id 3 Id4 Gay v American Oil Co 115 Ga App 18 153 S E 2d 612 (1967)2 Id3 Id4 Gay v American Oil Co 115 Ga App 18 153 S E 2d 612 (1967)5 Hardwick v 3379 Peachtree 184 Ga App 822 824 363 SE2d 31 (1987)
real estate legal report
Jon David Huffman 404-373-4008 x 304JonDavidPooleLawGroupcom
wwwPooleLawGroupcom
wwwJonDavidHuffmancom
Jon David Huffman is a litigation attorney specializing in real estate disputes business disputes and commercial collections With
more than a decade of experience managing small businesses before attending Emory Law School he brings a business ownerrsquos perspective to the practice of law
wwwMeetUpcomAtlantaREIA
Join us on Meetup and RSVP for the meetings you will be attending
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 20
Atlanta Real Estate Investors Alliance bull FEB 2013
With each New Year comes new ventures More and more often investors have
to expand their investment territories in order to stay active As technology con-tinues to make the world a smaller place many investors are also looking at invest-ing in different states and some in differ-ent countries By doing this the amount of inventory increases dramatically if you make the right contacts At the same time if you work with investors that are open in investing out of state or in different coun-tries you have the ability to sell more
With all this said it is not always as easy as it may sound whether you are the buyer or seller As the buyer you need to make a trip to the new area you are looking to invest in The reason to do this is obviously to learn the market but secondly to make a few key contacts in the area The main contacts you need to make are a few wholesalers real estate agents contractors a title company and property management if you are look-ing for rentals Not only will these contacts help you in their area of specialty but they can also be go-to people for a second opinion on any potential deals In order for this to be a win-win situation you want to use these contactsrsquo services For example if you ask a contractor to verify repair cost on a home you should use himher for that project
The suggestions mentioned above also ap-ply to those looking to sell properties out-side their local area of expertise If you are teaming up with a local in a new area make sure you are working with someone that can answer questions experienced investors will need answered Keep in mind that just because someone tells you a property is a good deal to invest in does not mean it is
You may be marketing a property that you would normally not market Even worse you may end up selling a property that you would not have sold if you knew the market better Investors will typically follow you into another statecountry if you have been part of their success in their local market Investors should do their own due diligence but you should do your own before even marketing that deal otherwise you will lose credibility You may not only lose credibil-ity in the new market but also in your local market You can also lose money that you have out for a due diligence period andor earnest money if you discover that you con-tracted a dud Remember the importance of closing once you have a contract in place
Before venturing into a new market make sure you at least make the contacts men-tioned above Let them know your inten-tions of investing andor selling in their area soon but are currently familiarizing yourself with the market This will prevent them from thinking of you as just another window shopper Remember that if you create a win-win-win situation your success will continue to grow
Comment on this article online at httpatlantareiacomp=19041
FroM contract to closing
New TerritoriesBy Michael Vazquez
Michael Vazquez 678-951-9222MichaelPVazquezGmailcom
Michael Vazquez has been offering properties to real estate investors significantly below market value since 2006 in both Texas and Georgia
Michael is always looking to for more investors to work with
Solutions that help you Make More
Work LessUse your iPad iPhone or other mobile device anywhere tohellip
H Find comps and rental rates
H Sign and send contractsH Plan your entire rehabH and so much more
Check it out noW5 Day Trial for only $1
Make More Work LessGo To
MobileRealEstateRockstarcomAtlanta-REIA
Keep up to date with our latest opportunities by joining us on Twitter at wwwTwittercomAtlantaREIA
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 21
Atlanta Real Estate Investors Alliance bull FEB 2013
Every New Yearrsquos Day people consider what they want to ac-complish in the following year
Well we are now 30 days into 2013 and I am sure that you have reflected on 2012 What resolutions did you follow to success What results have you seen from last yearrsquos work
At the beginning of 2013 I reflected on what I considered success Like many of you I realized that I want to improve my monetary financial relationship and problem-solving skills because these lead us to success What is success in 2013 ACHIEVING MORE OF YOUR GOALS
We all know that success in our busi-ness means learning new tricks tips and techniques We must accumulate knowledge and power We must achieve a superior capacity to think and act effectively through presentations best practices and strong strategies We must have a highly competitive advantage a platinum value But how do we strengthen the skills that we MUST have
The ONLY way to achieve this is through what I call PAC Planning Accountability and Consistency
Planning
Planning means success Planning means that you will be prepared to react logically You will be able to carefully consider the market environment re-lationships and finances Planning sets you up for control of your own success
Because Irsquove been in this business for so long one of the many things I can tell you is an easy way to plan-- measure what you are doing Here is how
bull Graph your numbers once a week
bull Reflect on your graphmdashAre your ef-forts showing success
- If not change your strategy
- If so reflect on what you have done and decide how to do it even better
For example wanting to earn $200000 a year is my goaldesired outcome To do this I will work backwards from the goal to the actual steps and processes needed to allow me to achieve the goals These steps are the action plan
ONLY when we know our goals can we outline the steps to get there Only then can
we follow the steps and make adjustments
Accountability and Consistency
Do you make time for your success or do you need support to be consistently accountable to your goals your plan and yourself
This is where I come in I can coach you with your plan accountability and con-sistency PAC
Irsquod like to share some of my action steps for 2013mdashthese are examples of action steps that as your coach I can help you to create plan and execute As your coach I can help you increase your ex-pertise with goals like these by helping you to use the PAC principles
1 Increase my profitability by using my resources effectively and ef-ficiently Example Limit events tasks and time with people which donrsquot align with my goals or which canrsquot be satisfied
2 Create systems situations and op-portunities to meet and present to qualified customers Goal Meet new customers 20 of the time
3 Focus 100 on my emotional physical and mental focus What can I do
4 Debrief after events to increase my expertise
Consistent effort energy time use of resources and learning will allow me to achieve my goals It will help you toomdashif you apply PAC
With PAC and my assistance you can eliminate sabotaging behaviors and be-
hoW to Be a real estate investor
2013 A Year of Achieving Your Goals with PAC By Russ Hiner
Join us for
LATE nITE nETWoRKInGat the Meeting-After-the-MeetingWe meet at the Tilted Kilt Perimeter located 1155-B Mount Vernon Highway in Atlanta right after our Atlanta REIA Main Meeting
PERIMETERcontinued on page 23
Attend Russrsquos Creative Deal Structuring on Feb 9th at 7PM
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 22
Atlanta Real Estate Investors Alliance bull FEB 2013
Welcome back If you read Part One of this article you know that we covered the
other different types of popular real es-tate deals that most people do and the biggest problems with them these days Then we talked about how advantageous it is to do the new type of deals Whole-saling Pretty Houses
But we still have a few important things to cover so letrsquos pick up where we left offhellip
Once you agree on the deal amp terms with the seller you get all the paperwork signed amp closed at either a title compa-ny or attorneyrsquos office No exceptions Yoursquoll want that legal backup in case the seller conveniently forgets what they agreed to later
So now yoursquove got a deal under contract amp all the paperwork signed What now Simple You get it lsquosoldrsquo as an oppor-tunity to a tenant buyer who 1 Has a decent chunk of money to put down (typically $5000+minimum) and 2 Can afford the existing monthly mort-gage payments
For example letrsquos say you have a house worth $250000 The seller owes $260000 with monthly PITI payments of $1550 amp theyrsquore current The house needs little to no repair amp is in a great neighborhood where people want to live The seller just wants to walk amp realizes
that there is NO money to be made on this deal obviously
So at a glance it looks like this
ARV $250kOWE $260k PAYMENT $1550 PITI
currentREPAIRS $0ASKING $0 Just wants out (for what-
ever reason eg job x-ferloss divorce etc)
So you SELL the house on a Lease Purchase (aka lsquoRent to Ownrsquo) to a tenant buyer who falls in love with the house has at least $5000 to put down as Non-Refundable Option Consideration and can easily af-ford the $1550 monthly payments (plus utilities HOA etc obviously)
You arrange the closing at the title compa-nyattorneyrsquos office (have the tenant buyer pay their fee) and collect your check
hellipAND YOUrsquoRE DONE You are OUT of the deal from this
point forward
So what just happened And why would you WANT to be OUT of the deal after that
Good question Letrsquos recap shall we
You found amp negotiated a deal on a house with little to no equity that no one else would touch You solved the sellerrsquos prob-
lem amp they love you for it You then went amp found a tenant buyer who couldnrsquot buy a house now if their life depended on it (in most cases) and gave them an honest op-portunity to eventually buy this beautiful house in a beautiful neighborhoodhellip even if their credit is terrible
(NOTE The worse their credit is the more you should collect as a downpay-ment )
After that the tenant-buyer should just make the monthly mortgage pay-ments as rent There are a few options on how they can do this 1 Pay directly to the seller 2 Pay directly to the mortgage company 3 Pay to a 3rd-party paymentescrow company I highly suggest doing the 3rd so everyone can be sure the pay-ments are made on time There are several companies that will provide this service for you for a nominal fee ranging from $5 to $50mo Check around for more informa-tion on that
So herersquos the next big question WHY would YOU as the investor want to be DONE with the deal after that Why wouldnrsquot you want to get the deed or stay in the deal
Herersquos the answer You WOULD want to stay in the deal (and maybe get the deed)hellip IF
IF the seller has equity IF the house is go-ing UP in value Or IF the mortgage pay-
The Best Deals To Do in Real Estate in 2013 amp Beyond ndash Part 2By Tony Pearl
pearls oF WisDoM
NGaREIANorth GeorGia reia MoNthly MeetiNG
2nd Thursday of Each Month at 700 PMat the Hilton Garden Inn
Cartersville GA
See httpREIOutpostcom for more information
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 23
Atlanta Real Estate Investors Alliance bull FEB 2013
ments are LOW and the rent is HIGH Those are some great examples of why you WOULD want to remain in the deal
But IF the opposite is true you should simply collect your down payment from the seller amp assign that deal that you just lined up Wait a minute Assign the deal WHO would you assign the deal to
Irsquom smiling as I write this and hopefully you will too as you realize the obvious
You ASSIGN the deal right back to the SELLER of the house Does that make sense
When the house goes back up in value amp the tenant buyer is ready to buy guess what
Theyrsquoll buy directly from the seller And you explain all that to everyone involved in the deal
This Type Of Deal Is Tremendously Advantageous
To You When
bull Houses in that area are still declining in value
bull If the seller simply owes too much
bull Or if you just want an easy-in easy-out type of simple deal to do that still quickly puts thousands of dol-lars in your pocket without any risk or rehab
In the example above you got a check for (at least) $5000 pretty quickly and you donrsquot have to deal with the tenant-buyer or the seller ever again if you donrsquot want to In Out Paid Done Simple
Of course there are some important de-tails in the middle that you should learn If these types of deals make sense to you and you would like to learn more either ask your local REIA leader to get more information for you or drop me a line Irsquod love to help
So there you have it I believe that wholesaling pretty houses is one of the best types of deals you can be doing in 2013 amp beyond Itrsquos quick amp easy and there are plenty of deals like that out there now Best of all therersquos VERY little competition to do this For now
Hopefully your competition wonrsquot read this article
Until Next Time
Tony Pearl
Comment on this article online at httpatlantareiacomp=19037
Tony Pearl202-556-0670TonyTonyPearlcom
wwwTonyPearlcom
wwwFacebookcomTonyPearl
wwwTwittercomTheTonyPearl
wwwYoutubecomTonyPearl
Tony Pearl is an entrepreneur copywriter proud father mentor marketing consultant and talented teacher who resides in the Washington DC area He
has traveled to over 26 countries speaks 4 languages and continues to travel extensively He has been a professional Ballroom and Latin dance instructor competitor and exhibitor for over 19 years As a Real Estate Investor Tony has bought and sold over Ten Million dollars worth of real estate and has been educated by and associates with the best
Russ Hiner 404-660-4289RussRHinercom
wwwRHinercom
wwwFacebookcom1RHiner
Russ has been investing in real estate in Atlanta Georgia since 1981 His company currently controls apartment buildings and single-family properties in Georgia and
other states His focus is on raising private capital through Hedge Equity LLC
Russ invests everyday His knowledge and experience is current in the market He is capitalizing on the needs wants and desires of the customer He has a deep level of experience in building relationships with vendors investors tenants sellers and qualified buyers He has the knowledge to negotiate contracts manage rental properties and make his co-investors wealthy He enjoys taking properties which are virtually destroyed renovating them and creating a better community
come accountable Being accountable will lead to success which will give you the confidence to take responsibility for your greatness Confidence is liberating It leads to increased passion for your work With renewed passion 2013 can be your year of commitment and success With renewed energy you can follow your Plan that will lead you to Consis-tency Accountability and SUCCESS
So itrsquos 2013 You have goals
Will you use the same techniques that you did in 2012 Or will you join me and others whom Irsquove worked with in using new tools and renewed energy
What is the action step to begin plan-ning What should you do to help you remain on track
What can you do to make 2013 a differ-ent year for you a year of success
I am looking forward to meeting you and helping you on your way to a suc-cessful 2013
Comment on this article online at httpatlantareiacomp=19035
Achieving Your Goals with PAC cont from p21
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 24
Atlanta Real Estate Investors Alliance bull FEB 2013
How to Quickly Get 10 to 15 Good Rental Properties Paid For Free and Clear By Larry Harbolt
creative Financing is king
Larry Harbolt 727-420-4810LarryHarboltGmailcom
wwwLarryHarboltcom
wwwFacebookcomLarryHarbolt7
wwwTwittercomLarryHarbolt Larry Harbolt is the nationrsquos leading creative Seller Financing expert as well as a popular national real estate speaker and teacher whose time-
tested strategies and nuts and bolts teaching style has helped thousands of aspiring real estate entrepreneurs realize their financial dreams with little or no money and without the need for credit Larry has been successful creatively buying and selling real estate for over 30 years and has written numerous popular articles and real estate courses Larry also has been running a meetup group in St Petersburg FL for real estate investors for over 13 years
We are already in the second month of 2013 and I just had a conversation with one
of my students who wanted to know how to create wealth in the shortest possible pe-riod of time The following is my idea how wealth for any real estate investor can be created in the shortest period of time
Here is an example of how you can quickly achieve financial freedom and then wealth investing in real estate
For instance the first thing you need to do is buy 10 to 15 well selected income pro-ducing properties you are willing to keep long term as your retirement program and the base of your future wealth I personally love the thought of someone else having to go to work every day to earn money they give me in the form of rent each month that pays for my properties without me having to have a job or have to go to work every day Then once you have bought your 10 to 15 keeper rental houses in good neighborhoods with tenants who are pay-ing on time every month letrsquos say $1000 each month of which $520 goes for the monthly loan payment and after monthly expenses of property taxes property insur-ance a maintenance fund and a vacancy fund leaves you from the $1000 gross rent approximately $150 each month to put into your pocket Letrsquos say for each of your keeper rental properties you paid $88000 with very little money down and were able to get seller financing terms for 30 years
Then once you get those 10 to 15 houses free and clear with no debt each month you get to keep the entire $1000 from each house (less taxes and insurance and main-tenance costs) leaving you about $600 to $650 from each house each month Ten houses at $600 each equals $600000 each month paid directly to you to pay your bills Some of you might need 15
houses to achieve your goals If you have 15 houses x $600 net each month will give you $9000 per month income to cover your monthly expenses Once you have that much coming in each month you will have financial freedom but not yet wealth Wealth comes over time Let me show you how to get your properties free and clear in the shortest period of time
Getting Your 10 to 15 Houses Free and Clear In a Short
Period of Time
After you have your base of 10 to 15 houses bought then each year go out and buy an additional 10 to 15 houses The additional 10 to 15 houses you buy each year can be rehabbed and then sold If you were to take all of the profits from the sale of each of the additional 10 to 15 houses (after paying the taxes) and use the money you have left to pay off one or two of the loans on the houses you plan to keep and you did this over and over for a few years your base of rental properties would soon be com-pletely paid for and you would then have enough income coming in each month to be financially free
This is definitely a plausible and possible plan to become financially free in the short-est period of time Once you have done this you will then have more time and money to continue to buy even more houses sim-ply because you will have enough income each month coming in so you donrsquot have to go to a job you hate every day
Once all of your base of income produc-ing properties are completely paid for and are free and clear you will probably truly be a millionaire If you have 15 properties valued at $80000 that are free and clear your net worth will be $80000 X 15 = $1200000 Now you are wealthy
You Must Have a Wealth Building Strategy to Be
Successful
This is how true wealth is created over time People who only wholesale property for a living are not true investors -- they really have a job When a wholesaler buys a property and then passes it on to another person and they get paid a fee that money will be quickly spent and they then have to go out and find another property to whole-sale again so they can get another fee To me thatrsquos a job and I donrsquot want another job I want financial success
If you plan to be a successful real estate in-vestor and create the wealth you want it is going to be very important that you are able to recognize opportunity when it pres-ents itself It took me nearly 25 years to figure this out for myself and that is why I am sharing this information with you now so you can more quickly achieve financial freedom and your eventual wealth
Comment on this article online at httpatlantareiacomp=19032
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
Atlanta Real Estate Investors Alliance bull FEB 2013
Join our Mobile Real Estate Investor VIP ListJust text ATLAnTA to 404-996-1099Standard text message rates apply
Follow us online from your mobile phone at httpAtlantaREIAcom httpFacebookcomAtlantaREIA httpTwittercomAtlantaREIA httpYoutubecomAtlantaREIA httpMeetupcomAtlantaREIA
Want to stay plugged in and connected to Atlanta REIA from
your mobile device
Subscribe to The Profit Newsletter amp Email list at httpSubscribeAtlantaREIAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
For a Limited Time
Wersquore Sharing our Design Firm with our Advertisers
GROW YOUR BUSINESS TODAY placing an ad in The Profit and our design firm River City Consulting will design your ad for FREE Wersquoll also provide you with the digital file to use online and to have printed to use as promotional flyersMinimum 3-month Obligation
When yoursquore ready to get started call Christine Griffin at 678-701-7160 or email adminatlantareiacom
SEE THEIR WORK IN amp ON
AAttllaannttaa RREEIIAA MMeemmbbeerrsshhiipp AApppplliiccaattiioonn Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560
Atlanta REIA Use Only Member ____________ Exp Date ____________ ID Card Printed Sent _________
Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560 rev 1282011
Membership Plans - Choose a Membership Plan
Silver Membership for Individual $100year
Silver Membership for Couple $150year
Gold Membership for Individual $300year
Gold Membership for Couple $300year
Applicant Information - Please print clearly
Applicant 1 Applicant 2
Address
Phone 1 Phone 2
Email 1 Email 2
Sponsor (if applicable)
Payment Information - Please print clearly
Name on Card Total Amount $
Billing Address
Card Type Visa Master Card Discover American Express
Card Number Expiration Date Code
Terms of Sale Disclaimer amp Release The undersigned Applicant(s) hereafter called the Applicant understands and acknowledges that membership in the Atlanta Real Estate Investor Alliance hereafter called Atlanta REIA absolutely does NOT entitle nor make Applicant a legal member of Atlanta REIA LLC the company Applicant acknowledges that Atlanta REIA does not render legal tax economic or investment advice All programs are provided with the understanding that Atlanta REIA is not engaged in rendering legal tax or other professional services If legal tax or other expert assistance is required the services of a competent professional should be sought Atlanta REIA does not investigate its members nor vouch for nor make representation as to the honesty integrity reliability motives andor resources of its members officers directors employees agents and or contractors The Applicant in consideration for hisher acceptance as a member of Atlanta REIA hereby releases discharges and agrees to indemnify Atlanta REIA its officers directors members employees agents andor contractors from any liabilities now accrued or which may hereafter accrue from their actions inactions or communications made by Atlanta REIA andor officers directors members employees agents andor contractors in or through their respective capacities with Atlanta REIA Applicant agrees to comply with the terms and conditions described herein the Code of Ethics and any other terms described on our website at AtlantaREIAcom as well as any other Atlanta REIA rules and regulations Applicant agrees and acknowledges that Atlanta REIA may enforce these codes terms rules and regulations at its sole and absolute discretion and may terminate this membership at any time for any reason whatsoever Applicant grants to Atlanta REIA its representatives and employees the right to take photographs video or audio of Applicant and Applicants property Applicant authorizes Atlanta REIA its assigns and transferees to copyright use and publish the same in print andor electronically Applicant agrees that Atlanta REIA may use such photographs video and audio of Applicant with or without Applicants name and for any lawful purpose including but not limited to publicity illustration advertising and web content Applicant grants permission to Atlanta REIA to contact Applicant regarding membership and related business by phone fax email text message chat programs social networking automated voice broadcast dialers or any other means necessary By completing this application Applicant agrees to give Atlanta REIA permission to bill the credit card above for the membership plan selected above Applicant acknowledges and agrees that the term of membership is one (1) year and that billing for membership will be automatically renewed for one (1) year upon expiration at the then current membership rate and that the appropriate charges be applied to Applicants credit card on file Should Applicant decide to cancel membership a written notice of cancellation must be emailed faxed or sent via postal email to Atlanta REIA at the address email or fax below thirty (30) days prior to the next billing or renewal period Atlanta REIA must acknowledge receipt of this written cancellation notice for it to be valid Membership dues are NON-REFUNDABLE for any reason whatsoever Applicant promises NOT to initiate any refunds or credit card charge backs for these membership dues and related charges at any time Applicant agrees that Atlanta REIA may change the terms of this Agreement or its membership dues at any time by posting such changes to our website at AtlantaREIAcom By continuing membership Applicant agrees to be bound by such changes Applicant will send all written notifications to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 Fax 770-216-1560 Email noticesatlantareiacom With my signature I accept the Terms of Sale Disclaimer amp Release and I authorize Atlanta REIA LLC to charge my credit card for the membership plan above as well as total recurring amount shown I further acknowledge that these membership dues are non-refundable
Applicant 1 (sign) Applicant 2 (sign)
(print) (print)
Date Date
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 27
Atlanta Real Estate Investors Alliance bull FEB 2013
Atlanta REIA Meetings CalendarhttpAtlantaREIAcomMeetings
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
3rd Wednesday of Each MonthLate Nite Networking Buford900 PM ndash Late NiteTilted Kilt 3480 Financial Center Pkwy M1080 Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
3rd Thursday of Each MonthSavannah REIA630 PM ndash 900 PMGallery Espresso234 Bull St Savannah GALeader Aislee Jacksonhttpsavannahreiacom
4th Monday of Each MonthAtlanta REIA West Meeting630 PM ndash 900 PMCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Monday of Each MonthLate Nite Networking Marietta900 PM ndash CloseCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Tuesday of Each MonthNote Buyer Group Meeting630 PM ndash 830 PM Olive Garden 2467 Cobb Parkway SE Smyrna GALeader Tom Boyerhttpnbgatlantareiacom
4th Thursday (Once Per Quarter)Beginning Investors Group Meeting (BIG)630 PM ndash 900 PMChef Robrsquos Caribbean Cafe 5920 Roswell Rd NE A117 Sandy Springs GALeader Alan McDonaldhttpbigatlantareiacom
4th Thursday of Each MonthCash Cows Commercial Group1130 AM ndash 100 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GAhttpcashcowsatlantareiacom
Meets at Various Times Each MonthCash Flow Players Group MeetingTo Be AnnouncedSecrets Factory 2030 Powers Ferry Rd SE 440 Atlanta GALeader Alan McDonaldhttpcashflowatlantareiacom
2nd Wednesday of Each MonthSpanish Investors Networking Group (SING)630 PM ndash 830 PMTaco Depot 4788 Sugarloaf Pkwy 107 Lawrenceville GALeader Michael Vazquezhttpsingatlantareiacom
2nd Wednesday of Each MonthI Love Marketing Group700 PM ndash 900 PMSocial Vinings 3621 Vinings Slope SE Atlanta GALeader Rock Shukoorhttpilmatlantareiacom
2nd Thursday of Each MonthAtlanta REIA South Meeting630 PM ndash 830 PMGiovannarsquos Italian Kitchen 1375 Virginia Ave East Point GALeader Reggie Jackson amp Gordon Cattshttpsouthatlantareiacom
2nd Thursday of Each MonthNorth Georgia REIA700pm - 900pmHilton Garden Inn Cartersville 24 Liberty Drive Cartersville GALeaders Bill amp Kim Cookhttpreioutpostcom
2nd Thursday (Once Per Quarter)Small Business Group (SBG)330 PM ndash 530 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Karen Bershadhttpsbgatlantareiacom
3rd Monday of Each MonthMovers amp Shakers Lunch Meeting1100 AM ndash 130 PM5 Seasons Brewing3655 Old Milton Parkway Alpharetta GALeader Gordon Cattshttpmoversandshakersatlantareiacom
3rd Tuesday of Each MonthGwinnett County Group (The Fish Club)700 PM ndash 900 PMRed Lobster2055 Pleasant Hill Rd Duluth GALeader Aaron McGinnishttpfishclubatlantareiacom
3rd Wednesday of Each MonthAtlanta REIA North Meeting630 PM ndash 830 PM1960 Skylar Hill Dr Suite D Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
February 4th 2013Atlanta REIA Main Meeting530 PM ndash 900 PM Crowne Plaza Ravinia Hotel4355 Ashford Dunwoody Atlanta GA Leader Dustin Griffinhttpmainatlantareiacom
1st Monday of Each MonthLate Nite Networking Dunwoody930 PM ndash Late NiteTilted Kilt 1155-B Mount Vernon Hwy Atlanta GALeader Lee Buddenhttpmainatlantareiacom
1st Monday (Once Per Quarter)Mobile Real Estate Rockstars Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Don DeRosahttprockstarsatlantareiacom
1st Monday (Once Per Quarter) Short Sale amp Foreclosure Group300 PM ndash 530 PMTotal Wine amp More124 Perimeter Center W Atlanta GALeader Bob Masseyhttpssfatlantareiacom
1st Monday (Once Per Quarter)Active Investors Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Gordon Catts
1st Tuesday of Each MonthMountain REIA630 PM ndash 900 PMGolden Corral 2025 Market Place Blvd Cumming GALeader Gordon Cattshttpmountainreiacom
1st Wednesday of Each MonthCreative Deal Structuring Group (CDS)700 PM ndash 900 PMWhitehall Tavern 2391 Peachtree Rd NE Atlanta GALeader Russ Hinerhttpcdsatlantareiacom
Every Thursday (Except Major Holidays)Have amp Wants Meeting130 PM - 330 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Joe Thompsonhttphavesandwantsatlantareiacom
Next Meeting March 28th
Next Game on Sat Feb 9th
Meets Monday Feb 4th
ATLANTA REIA CALENDAR OF EVENTSFEBRUARY 2013
SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
Movers amp Shakers1100am - 130pm
Gwinnett County Group (The Fish Club) 700pm ndash 900pm
I Love Marketing Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pm
Mountain REIA630pm ndash 900pm
Atlanta REIA MAIN MEETING with Bill Cook
530pm ndash 900pmMobile Real Estate Rockstars Group 300-500pm
Creative DealStructuring Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pmAtlanta REIA South Meeting630pm ndash 830pmNorth Georgia REIA700pm - 900pm
NEWSLETTER dESigN PRovidEd by
SNEAK PEEK FOR MARCHMAR 4 ATLANTA REIA MEETING
APR 1 ATLANTA REIA MEETING WITH JAY CONNER
APR 27 FULL DAY WORKSHOP WITH JAY CONNER amp RON LEGRAND
Haves amp Wants Meeting130pm - 330pm
Cash Cows Commercial Group1130am - 100pmHaves amp Wants Meeting130pm - 330pm
Atlanta REIA West Meeting630pm ndash 900pmLate Nite Networking Marietta900 PM ndash Close
Note Buyer Group Meeting 6300pm ndash 830pm
Atlanta REIA North Meeting630pm-830pmLate Nite Networking Buford900pm - Late
Grow Your Wealth With The Financial
Calculator Workshopwith Bill amp Kim Cook
900am - 500pmCartersville GA
Wealth Building Using Self-
Directed IRAswith Dyches Boddiford amp
Pete FortunatoAtlanta GA
- FB
- YT
- MU
- Button 34
- Button 72
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 20
Atlanta Real Estate Investors Alliance bull FEB 2013
With each New Year comes new ventures More and more often investors have
to expand their investment territories in order to stay active As technology con-tinues to make the world a smaller place many investors are also looking at invest-ing in different states and some in differ-ent countries By doing this the amount of inventory increases dramatically if you make the right contacts At the same time if you work with investors that are open in investing out of state or in different coun-tries you have the ability to sell more
With all this said it is not always as easy as it may sound whether you are the buyer or seller As the buyer you need to make a trip to the new area you are looking to invest in The reason to do this is obviously to learn the market but secondly to make a few key contacts in the area The main contacts you need to make are a few wholesalers real estate agents contractors a title company and property management if you are look-ing for rentals Not only will these contacts help you in their area of specialty but they can also be go-to people for a second opinion on any potential deals In order for this to be a win-win situation you want to use these contactsrsquo services For example if you ask a contractor to verify repair cost on a home you should use himher for that project
The suggestions mentioned above also ap-ply to those looking to sell properties out-side their local area of expertise If you are teaming up with a local in a new area make sure you are working with someone that can answer questions experienced investors will need answered Keep in mind that just because someone tells you a property is a good deal to invest in does not mean it is
You may be marketing a property that you would normally not market Even worse you may end up selling a property that you would not have sold if you knew the market better Investors will typically follow you into another statecountry if you have been part of their success in their local market Investors should do their own due diligence but you should do your own before even marketing that deal otherwise you will lose credibility You may not only lose credibil-ity in the new market but also in your local market You can also lose money that you have out for a due diligence period andor earnest money if you discover that you con-tracted a dud Remember the importance of closing once you have a contract in place
Before venturing into a new market make sure you at least make the contacts men-tioned above Let them know your inten-tions of investing andor selling in their area soon but are currently familiarizing yourself with the market This will prevent them from thinking of you as just another window shopper Remember that if you create a win-win-win situation your success will continue to grow
Comment on this article online at httpatlantareiacomp=19041
FroM contract to closing
New TerritoriesBy Michael Vazquez
Michael Vazquez 678-951-9222MichaelPVazquezGmailcom
Michael Vazquez has been offering properties to real estate investors significantly below market value since 2006 in both Texas and Georgia
Michael is always looking to for more investors to work with
Solutions that help you Make More
Work LessUse your iPad iPhone or other mobile device anywhere tohellip
H Find comps and rental rates
H Sign and send contractsH Plan your entire rehabH and so much more
Check it out noW5 Day Trial for only $1
Make More Work LessGo To
MobileRealEstateRockstarcomAtlanta-REIA
Keep up to date with our latest opportunities by joining us on Twitter at wwwTwittercomAtlantaREIA
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 21
Atlanta Real Estate Investors Alliance bull FEB 2013
Every New Yearrsquos Day people consider what they want to ac-complish in the following year
Well we are now 30 days into 2013 and I am sure that you have reflected on 2012 What resolutions did you follow to success What results have you seen from last yearrsquos work
At the beginning of 2013 I reflected on what I considered success Like many of you I realized that I want to improve my monetary financial relationship and problem-solving skills because these lead us to success What is success in 2013 ACHIEVING MORE OF YOUR GOALS
We all know that success in our busi-ness means learning new tricks tips and techniques We must accumulate knowledge and power We must achieve a superior capacity to think and act effectively through presentations best practices and strong strategies We must have a highly competitive advantage a platinum value But how do we strengthen the skills that we MUST have
The ONLY way to achieve this is through what I call PAC Planning Accountability and Consistency
Planning
Planning means success Planning means that you will be prepared to react logically You will be able to carefully consider the market environment re-lationships and finances Planning sets you up for control of your own success
Because Irsquove been in this business for so long one of the many things I can tell you is an easy way to plan-- measure what you are doing Here is how
bull Graph your numbers once a week
bull Reflect on your graphmdashAre your ef-forts showing success
- If not change your strategy
- If so reflect on what you have done and decide how to do it even better
For example wanting to earn $200000 a year is my goaldesired outcome To do this I will work backwards from the goal to the actual steps and processes needed to allow me to achieve the goals These steps are the action plan
ONLY when we know our goals can we outline the steps to get there Only then can
we follow the steps and make adjustments
Accountability and Consistency
Do you make time for your success or do you need support to be consistently accountable to your goals your plan and yourself
This is where I come in I can coach you with your plan accountability and con-sistency PAC
Irsquod like to share some of my action steps for 2013mdashthese are examples of action steps that as your coach I can help you to create plan and execute As your coach I can help you increase your ex-pertise with goals like these by helping you to use the PAC principles
1 Increase my profitability by using my resources effectively and ef-ficiently Example Limit events tasks and time with people which donrsquot align with my goals or which canrsquot be satisfied
2 Create systems situations and op-portunities to meet and present to qualified customers Goal Meet new customers 20 of the time
3 Focus 100 on my emotional physical and mental focus What can I do
4 Debrief after events to increase my expertise
Consistent effort energy time use of resources and learning will allow me to achieve my goals It will help you toomdashif you apply PAC
With PAC and my assistance you can eliminate sabotaging behaviors and be-
hoW to Be a real estate investor
2013 A Year of Achieving Your Goals with PAC By Russ Hiner
Join us for
LATE nITE nETWoRKInGat the Meeting-After-the-MeetingWe meet at the Tilted Kilt Perimeter located 1155-B Mount Vernon Highway in Atlanta right after our Atlanta REIA Main Meeting
PERIMETERcontinued on page 23
Attend Russrsquos Creative Deal Structuring on Feb 9th at 7PM
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 22
Atlanta Real Estate Investors Alliance bull FEB 2013
Welcome back If you read Part One of this article you know that we covered the
other different types of popular real es-tate deals that most people do and the biggest problems with them these days Then we talked about how advantageous it is to do the new type of deals Whole-saling Pretty Houses
But we still have a few important things to cover so letrsquos pick up where we left offhellip
Once you agree on the deal amp terms with the seller you get all the paperwork signed amp closed at either a title compa-ny or attorneyrsquos office No exceptions Yoursquoll want that legal backup in case the seller conveniently forgets what they agreed to later
So now yoursquove got a deal under contract amp all the paperwork signed What now Simple You get it lsquosoldrsquo as an oppor-tunity to a tenant buyer who 1 Has a decent chunk of money to put down (typically $5000+minimum) and 2 Can afford the existing monthly mort-gage payments
For example letrsquos say you have a house worth $250000 The seller owes $260000 with monthly PITI payments of $1550 amp theyrsquore current The house needs little to no repair amp is in a great neighborhood where people want to live The seller just wants to walk amp realizes
that there is NO money to be made on this deal obviously
So at a glance it looks like this
ARV $250kOWE $260k PAYMENT $1550 PITI
currentREPAIRS $0ASKING $0 Just wants out (for what-
ever reason eg job x-ferloss divorce etc)
So you SELL the house on a Lease Purchase (aka lsquoRent to Ownrsquo) to a tenant buyer who falls in love with the house has at least $5000 to put down as Non-Refundable Option Consideration and can easily af-ford the $1550 monthly payments (plus utilities HOA etc obviously)
You arrange the closing at the title compa-nyattorneyrsquos office (have the tenant buyer pay their fee) and collect your check
hellipAND YOUrsquoRE DONE You are OUT of the deal from this
point forward
So what just happened And why would you WANT to be OUT of the deal after that
Good question Letrsquos recap shall we
You found amp negotiated a deal on a house with little to no equity that no one else would touch You solved the sellerrsquos prob-
lem amp they love you for it You then went amp found a tenant buyer who couldnrsquot buy a house now if their life depended on it (in most cases) and gave them an honest op-portunity to eventually buy this beautiful house in a beautiful neighborhoodhellip even if their credit is terrible
(NOTE The worse their credit is the more you should collect as a downpay-ment )
After that the tenant-buyer should just make the monthly mortgage pay-ments as rent There are a few options on how they can do this 1 Pay directly to the seller 2 Pay directly to the mortgage company 3 Pay to a 3rd-party paymentescrow company I highly suggest doing the 3rd so everyone can be sure the pay-ments are made on time There are several companies that will provide this service for you for a nominal fee ranging from $5 to $50mo Check around for more informa-tion on that
So herersquos the next big question WHY would YOU as the investor want to be DONE with the deal after that Why wouldnrsquot you want to get the deed or stay in the deal
Herersquos the answer You WOULD want to stay in the deal (and maybe get the deed)hellip IF
IF the seller has equity IF the house is go-ing UP in value Or IF the mortgage pay-
The Best Deals To Do in Real Estate in 2013 amp Beyond ndash Part 2By Tony Pearl
pearls oF WisDoM
NGaREIANorth GeorGia reia MoNthly MeetiNG
2nd Thursday of Each Month at 700 PMat the Hilton Garden Inn
Cartersville GA
See httpREIOutpostcom for more information
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 23
Atlanta Real Estate Investors Alliance bull FEB 2013
ments are LOW and the rent is HIGH Those are some great examples of why you WOULD want to remain in the deal
But IF the opposite is true you should simply collect your down payment from the seller amp assign that deal that you just lined up Wait a minute Assign the deal WHO would you assign the deal to
Irsquom smiling as I write this and hopefully you will too as you realize the obvious
You ASSIGN the deal right back to the SELLER of the house Does that make sense
When the house goes back up in value amp the tenant buyer is ready to buy guess what
Theyrsquoll buy directly from the seller And you explain all that to everyone involved in the deal
This Type Of Deal Is Tremendously Advantageous
To You When
bull Houses in that area are still declining in value
bull If the seller simply owes too much
bull Or if you just want an easy-in easy-out type of simple deal to do that still quickly puts thousands of dol-lars in your pocket without any risk or rehab
In the example above you got a check for (at least) $5000 pretty quickly and you donrsquot have to deal with the tenant-buyer or the seller ever again if you donrsquot want to In Out Paid Done Simple
Of course there are some important de-tails in the middle that you should learn If these types of deals make sense to you and you would like to learn more either ask your local REIA leader to get more information for you or drop me a line Irsquod love to help
So there you have it I believe that wholesaling pretty houses is one of the best types of deals you can be doing in 2013 amp beyond Itrsquos quick amp easy and there are plenty of deals like that out there now Best of all therersquos VERY little competition to do this For now
Hopefully your competition wonrsquot read this article
Until Next Time
Tony Pearl
Comment on this article online at httpatlantareiacomp=19037
Tony Pearl202-556-0670TonyTonyPearlcom
wwwTonyPearlcom
wwwFacebookcomTonyPearl
wwwTwittercomTheTonyPearl
wwwYoutubecomTonyPearl
Tony Pearl is an entrepreneur copywriter proud father mentor marketing consultant and talented teacher who resides in the Washington DC area He
has traveled to over 26 countries speaks 4 languages and continues to travel extensively He has been a professional Ballroom and Latin dance instructor competitor and exhibitor for over 19 years As a Real Estate Investor Tony has bought and sold over Ten Million dollars worth of real estate and has been educated by and associates with the best
Russ Hiner 404-660-4289RussRHinercom
wwwRHinercom
wwwFacebookcom1RHiner
Russ has been investing in real estate in Atlanta Georgia since 1981 His company currently controls apartment buildings and single-family properties in Georgia and
other states His focus is on raising private capital through Hedge Equity LLC
Russ invests everyday His knowledge and experience is current in the market He is capitalizing on the needs wants and desires of the customer He has a deep level of experience in building relationships with vendors investors tenants sellers and qualified buyers He has the knowledge to negotiate contracts manage rental properties and make his co-investors wealthy He enjoys taking properties which are virtually destroyed renovating them and creating a better community
come accountable Being accountable will lead to success which will give you the confidence to take responsibility for your greatness Confidence is liberating It leads to increased passion for your work With renewed passion 2013 can be your year of commitment and success With renewed energy you can follow your Plan that will lead you to Consis-tency Accountability and SUCCESS
So itrsquos 2013 You have goals
Will you use the same techniques that you did in 2012 Or will you join me and others whom Irsquove worked with in using new tools and renewed energy
What is the action step to begin plan-ning What should you do to help you remain on track
What can you do to make 2013 a differ-ent year for you a year of success
I am looking forward to meeting you and helping you on your way to a suc-cessful 2013
Comment on this article online at httpatlantareiacomp=19035
Achieving Your Goals with PAC cont from p21
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 24
Atlanta Real Estate Investors Alliance bull FEB 2013
How to Quickly Get 10 to 15 Good Rental Properties Paid For Free and Clear By Larry Harbolt
creative Financing is king
Larry Harbolt 727-420-4810LarryHarboltGmailcom
wwwLarryHarboltcom
wwwFacebookcomLarryHarbolt7
wwwTwittercomLarryHarbolt Larry Harbolt is the nationrsquos leading creative Seller Financing expert as well as a popular national real estate speaker and teacher whose time-
tested strategies and nuts and bolts teaching style has helped thousands of aspiring real estate entrepreneurs realize their financial dreams with little or no money and without the need for credit Larry has been successful creatively buying and selling real estate for over 30 years and has written numerous popular articles and real estate courses Larry also has been running a meetup group in St Petersburg FL for real estate investors for over 13 years
We are already in the second month of 2013 and I just had a conversation with one
of my students who wanted to know how to create wealth in the shortest possible pe-riod of time The following is my idea how wealth for any real estate investor can be created in the shortest period of time
Here is an example of how you can quickly achieve financial freedom and then wealth investing in real estate
For instance the first thing you need to do is buy 10 to 15 well selected income pro-ducing properties you are willing to keep long term as your retirement program and the base of your future wealth I personally love the thought of someone else having to go to work every day to earn money they give me in the form of rent each month that pays for my properties without me having to have a job or have to go to work every day Then once you have bought your 10 to 15 keeper rental houses in good neighborhoods with tenants who are pay-ing on time every month letrsquos say $1000 each month of which $520 goes for the monthly loan payment and after monthly expenses of property taxes property insur-ance a maintenance fund and a vacancy fund leaves you from the $1000 gross rent approximately $150 each month to put into your pocket Letrsquos say for each of your keeper rental properties you paid $88000 with very little money down and were able to get seller financing terms for 30 years
Then once you get those 10 to 15 houses free and clear with no debt each month you get to keep the entire $1000 from each house (less taxes and insurance and main-tenance costs) leaving you about $600 to $650 from each house each month Ten houses at $600 each equals $600000 each month paid directly to you to pay your bills Some of you might need 15
houses to achieve your goals If you have 15 houses x $600 net each month will give you $9000 per month income to cover your monthly expenses Once you have that much coming in each month you will have financial freedom but not yet wealth Wealth comes over time Let me show you how to get your properties free and clear in the shortest period of time
Getting Your 10 to 15 Houses Free and Clear In a Short
Period of Time
After you have your base of 10 to 15 houses bought then each year go out and buy an additional 10 to 15 houses The additional 10 to 15 houses you buy each year can be rehabbed and then sold If you were to take all of the profits from the sale of each of the additional 10 to 15 houses (after paying the taxes) and use the money you have left to pay off one or two of the loans on the houses you plan to keep and you did this over and over for a few years your base of rental properties would soon be com-pletely paid for and you would then have enough income coming in each month to be financially free
This is definitely a plausible and possible plan to become financially free in the short-est period of time Once you have done this you will then have more time and money to continue to buy even more houses sim-ply because you will have enough income each month coming in so you donrsquot have to go to a job you hate every day
Once all of your base of income produc-ing properties are completely paid for and are free and clear you will probably truly be a millionaire If you have 15 properties valued at $80000 that are free and clear your net worth will be $80000 X 15 = $1200000 Now you are wealthy
You Must Have a Wealth Building Strategy to Be
Successful
This is how true wealth is created over time People who only wholesale property for a living are not true investors -- they really have a job When a wholesaler buys a property and then passes it on to another person and they get paid a fee that money will be quickly spent and they then have to go out and find another property to whole-sale again so they can get another fee To me thatrsquos a job and I donrsquot want another job I want financial success
If you plan to be a successful real estate in-vestor and create the wealth you want it is going to be very important that you are able to recognize opportunity when it pres-ents itself It took me nearly 25 years to figure this out for myself and that is why I am sharing this information with you now so you can more quickly achieve financial freedom and your eventual wealth
Comment on this article online at httpatlantareiacomp=19032
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
Atlanta Real Estate Investors Alliance bull FEB 2013
Join our Mobile Real Estate Investor VIP ListJust text ATLAnTA to 404-996-1099Standard text message rates apply
Follow us online from your mobile phone at httpAtlantaREIAcom httpFacebookcomAtlantaREIA httpTwittercomAtlantaREIA httpYoutubecomAtlantaREIA httpMeetupcomAtlantaREIA
Want to stay plugged in and connected to Atlanta REIA from
your mobile device
Subscribe to The Profit Newsletter amp Email list at httpSubscribeAtlantaREIAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
For a Limited Time
Wersquore Sharing our Design Firm with our Advertisers
GROW YOUR BUSINESS TODAY placing an ad in The Profit and our design firm River City Consulting will design your ad for FREE Wersquoll also provide you with the digital file to use online and to have printed to use as promotional flyersMinimum 3-month Obligation
When yoursquore ready to get started call Christine Griffin at 678-701-7160 or email adminatlantareiacom
SEE THEIR WORK IN amp ON
AAttllaannttaa RREEIIAA MMeemmbbeerrsshhiipp AApppplliiccaattiioonn Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560
Atlanta REIA Use Only Member ____________ Exp Date ____________ ID Card Printed Sent _________
Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560 rev 1282011
Membership Plans - Choose a Membership Plan
Silver Membership for Individual $100year
Silver Membership for Couple $150year
Gold Membership for Individual $300year
Gold Membership for Couple $300year
Applicant Information - Please print clearly
Applicant 1 Applicant 2
Address
Phone 1 Phone 2
Email 1 Email 2
Sponsor (if applicable)
Payment Information - Please print clearly
Name on Card Total Amount $
Billing Address
Card Type Visa Master Card Discover American Express
Card Number Expiration Date Code
Terms of Sale Disclaimer amp Release The undersigned Applicant(s) hereafter called the Applicant understands and acknowledges that membership in the Atlanta Real Estate Investor Alliance hereafter called Atlanta REIA absolutely does NOT entitle nor make Applicant a legal member of Atlanta REIA LLC the company Applicant acknowledges that Atlanta REIA does not render legal tax economic or investment advice All programs are provided with the understanding that Atlanta REIA is not engaged in rendering legal tax or other professional services If legal tax or other expert assistance is required the services of a competent professional should be sought Atlanta REIA does not investigate its members nor vouch for nor make representation as to the honesty integrity reliability motives andor resources of its members officers directors employees agents and or contractors The Applicant in consideration for hisher acceptance as a member of Atlanta REIA hereby releases discharges and agrees to indemnify Atlanta REIA its officers directors members employees agents andor contractors from any liabilities now accrued or which may hereafter accrue from their actions inactions or communications made by Atlanta REIA andor officers directors members employees agents andor contractors in or through their respective capacities with Atlanta REIA Applicant agrees to comply with the terms and conditions described herein the Code of Ethics and any other terms described on our website at AtlantaREIAcom as well as any other Atlanta REIA rules and regulations Applicant agrees and acknowledges that Atlanta REIA may enforce these codes terms rules and regulations at its sole and absolute discretion and may terminate this membership at any time for any reason whatsoever Applicant grants to Atlanta REIA its representatives and employees the right to take photographs video or audio of Applicant and Applicants property Applicant authorizes Atlanta REIA its assigns and transferees to copyright use and publish the same in print andor electronically Applicant agrees that Atlanta REIA may use such photographs video and audio of Applicant with or without Applicants name and for any lawful purpose including but not limited to publicity illustration advertising and web content Applicant grants permission to Atlanta REIA to contact Applicant regarding membership and related business by phone fax email text message chat programs social networking automated voice broadcast dialers or any other means necessary By completing this application Applicant agrees to give Atlanta REIA permission to bill the credit card above for the membership plan selected above Applicant acknowledges and agrees that the term of membership is one (1) year and that billing for membership will be automatically renewed for one (1) year upon expiration at the then current membership rate and that the appropriate charges be applied to Applicants credit card on file Should Applicant decide to cancel membership a written notice of cancellation must be emailed faxed or sent via postal email to Atlanta REIA at the address email or fax below thirty (30) days prior to the next billing or renewal period Atlanta REIA must acknowledge receipt of this written cancellation notice for it to be valid Membership dues are NON-REFUNDABLE for any reason whatsoever Applicant promises NOT to initiate any refunds or credit card charge backs for these membership dues and related charges at any time Applicant agrees that Atlanta REIA may change the terms of this Agreement or its membership dues at any time by posting such changes to our website at AtlantaREIAcom By continuing membership Applicant agrees to be bound by such changes Applicant will send all written notifications to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 Fax 770-216-1560 Email noticesatlantareiacom With my signature I accept the Terms of Sale Disclaimer amp Release and I authorize Atlanta REIA LLC to charge my credit card for the membership plan above as well as total recurring amount shown I further acknowledge that these membership dues are non-refundable
Applicant 1 (sign) Applicant 2 (sign)
(print) (print)
Date Date
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 27
Atlanta Real Estate Investors Alliance bull FEB 2013
Atlanta REIA Meetings CalendarhttpAtlantaREIAcomMeetings
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
3rd Wednesday of Each MonthLate Nite Networking Buford900 PM ndash Late NiteTilted Kilt 3480 Financial Center Pkwy M1080 Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
3rd Thursday of Each MonthSavannah REIA630 PM ndash 900 PMGallery Espresso234 Bull St Savannah GALeader Aislee Jacksonhttpsavannahreiacom
4th Monday of Each MonthAtlanta REIA West Meeting630 PM ndash 900 PMCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Monday of Each MonthLate Nite Networking Marietta900 PM ndash CloseCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Tuesday of Each MonthNote Buyer Group Meeting630 PM ndash 830 PM Olive Garden 2467 Cobb Parkway SE Smyrna GALeader Tom Boyerhttpnbgatlantareiacom
4th Thursday (Once Per Quarter)Beginning Investors Group Meeting (BIG)630 PM ndash 900 PMChef Robrsquos Caribbean Cafe 5920 Roswell Rd NE A117 Sandy Springs GALeader Alan McDonaldhttpbigatlantareiacom
4th Thursday of Each MonthCash Cows Commercial Group1130 AM ndash 100 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GAhttpcashcowsatlantareiacom
Meets at Various Times Each MonthCash Flow Players Group MeetingTo Be AnnouncedSecrets Factory 2030 Powers Ferry Rd SE 440 Atlanta GALeader Alan McDonaldhttpcashflowatlantareiacom
2nd Wednesday of Each MonthSpanish Investors Networking Group (SING)630 PM ndash 830 PMTaco Depot 4788 Sugarloaf Pkwy 107 Lawrenceville GALeader Michael Vazquezhttpsingatlantareiacom
2nd Wednesday of Each MonthI Love Marketing Group700 PM ndash 900 PMSocial Vinings 3621 Vinings Slope SE Atlanta GALeader Rock Shukoorhttpilmatlantareiacom
2nd Thursday of Each MonthAtlanta REIA South Meeting630 PM ndash 830 PMGiovannarsquos Italian Kitchen 1375 Virginia Ave East Point GALeader Reggie Jackson amp Gordon Cattshttpsouthatlantareiacom
2nd Thursday of Each MonthNorth Georgia REIA700pm - 900pmHilton Garden Inn Cartersville 24 Liberty Drive Cartersville GALeaders Bill amp Kim Cookhttpreioutpostcom
2nd Thursday (Once Per Quarter)Small Business Group (SBG)330 PM ndash 530 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Karen Bershadhttpsbgatlantareiacom
3rd Monday of Each MonthMovers amp Shakers Lunch Meeting1100 AM ndash 130 PM5 Seasons Brewing3655 Old Milton Parkway Alpharetta GALeader Gordon Cattshttpmoversandshakersatlantareiacom
3rd Tuesday of Each MonthGwinnett County Group (The Fish Club)700 PM ndash 900 PMRed Lobster2055 Pleasant Hill Rd Duluth GALeader Aaron McGinnishttpfishclubatlantareiacom
3rd Wednesday of Each MonthAtlanta REIA North Meeting630 PM ndash 830 PM1960 Skylar Hill Dr Suite D Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
February 4th 2013Atlanta REIA Main Meeting530 PM ndash 900 PM Crowne Plaza Ravinia Hotel4355 Ashford Dunwoody Atlanta GA Leader Dustin Griffinhttpmainatlantareiacom
1st Monday of Each MonthLate Nite Networking Dunwoody930 PM ndash Late NiteTilted Kilt 1155-B Mount Vernon Hwy Atlanta GALeader Lee Buddenhttpmainatlantareiacom
1st Monday (Once Per Quarter)Mobile Real Estate Rockstars Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Don DeRosahttprockstarsatlantareiacom
1st Monday (Once Per Quarter) Short Sale amp Foreclosure Group300 PM ndash 530 PMTotal Wine amp More124 Perimeter Center W Atlanta GALeader Bob Masseyhttpssfatlantareiacom
1st Monday (Once Per Quarter)Active Investors Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Gordon Catts
1st Tuesday of Each MonthMountain REIA630 PM ndash 900 PMGolden Corral 2025 Market Place Blvd Cumming GALeader Gordon Cattshttpmountainreiacom
1st Wednesday of Each MonthCreative Deal Structuring Group (CDS)700 PM ndash 900 PMWhitehall Tavern 2391 Peachtree Rd NE Atlanta GALeader Russ Hinerhttpcdsatlantareiacom
Every Thursday (Except Major Holidays)Have amp Wants Meeting130 PM - 330 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Joe Thompsonhttphavesandwantsatlantareiacom
Next Meeting March 28th
Next Game on Sat Feb 9th
Meets Monday Feb 4th
ATLANTA REIA CALENDAR OF EVENTSFEBRUARY 2013
SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
Movers amp Shakers1100am - 130pm
Gwinnett County Group (The Fish Club) 700pm ndash 900pm
I Love Marketing Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pm
Mountain REIA630pm ndash 900pm
Atlanta REIA MAIN MEETING with Bill Cook
530pm ndash 900pmMobile Real Estate Rockstars Group 300-500pm
Creative DealStructuring Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pmAtlanta REIA South Meeting630pm ndash 830pmNorth Georgia REIA700pm - 900pm
NEWSLETTER dESigN PRovidEd by
SNEAK PEEK FOR MARCHMAR 4 ATLANTA REIA MEETING
APR 1 ATLANTA REIA MEETING WITH JAY CONNER
APR 27 FULL DAY WORKSHOP WITH JAY CONNER amp RON LEGRAND
Haves amp Wants Meeting130pm - 330pm
Cash Cows Commercial Group1130am - 100pmHaves amp Wants Meeting130pm - 330pm
Atlanta REIA West Meeting630pm ndash 900pmLate Nite Networking Marietta900 PM ndash Close
Note Buyer Group Meeting 6300pm ndash 830pm
Atlanta REIA North Meeting630pm-830pmLate Nite Networking Buford900pm - Late
Grow Your Wealth With The Financial
Calculator Workshopwith Bill amp Kim Cook
900am - 500pmCartersville GA
Wealth Building Using Self-
Directed IRAswith Dyches Boddiford amp
Pete FortunatoAtlanta GA
- FB
- YT
- MU
- Button 34
- Button 72
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 21
Atlanta Real Estate Investors Alliance bull FEB 2013
Every New Yearrsquos Day people consider what they want to ac-complish in the following year
Well we are now 30 days into 2013 and I am sure that you have reflected on 2012 What resolutions did you follow to success What results have you seen from last yearrsquos work
At the beginning of 2013 I reflected on what I considered success Like many of you I realized that I want to improve my monetary financial relationship and problem-solving skills because these lead us to success What is success in 2013 ACHIEVING MORE OF YOUR GOALS
We all know that success in our busi-ness means learning new tricks tips and techniques We must accumulate knowledge and power We must achieve a superior capacity to think and act effectively through presentations best practices and strong strategies We must have a highly competitive advantage a platinum value But how do we strengthen the skills that we MUST have
The ONLY way to achieve this is through what I call PAC Planning Accountability and Consistency
Planning
Planning means success Planning means that you will be prepared to react logically You will be able to carefully consider the market environment re-lationships and finances Planning sets you up for control of your own success
Because Irsquove been in this business for so long one of the many things I can tell you is an easy way to plan-- measure what you are doing Here is how
bull Graph your numbers once a week
bull Reflect on your graphmdashAre your ef-forts showing success
- If not change your strategy
- If so reflect on what you have done and decide how to do it even better
For example wanting to earn $200000 a year is my goaldesired outcome To do this I will work backwards from the goal to the actual steps and processes needed to allow me to achieve the goals These steps are the action plan
ONLY when we know our goals can we outline the steps to get there Only then can
we follow the steps and make adjustments
Accountability and Consistency
Do you make time for your success or do you need support to be consistently accountable to your goals your plan and yourself
This is where I come in I can coach you with your plan accountability and con-sistency PAC
Irsquod like to share some of my action steps for 2013mdashthese are examples of action steps that as your coach I can help you to create plan and execute As your coach I can help you increase your ex-pertise with goals like these by helping you to use the PAC principles
1 Increase my profitability by using my resources effectively and ef-ficiently Example Limit events tasks and time with people which donrsquot align with my goals or which canrsquot be satisfied
2 Create systems situations and op-portunities to meet and present to qualified customers Goal Meet new customers 20 of the time
3 Focus 100 on my emotional physical and mental focus What can I do
4 Debrief after events to increase my expertise
Consistent effort energy time use of resources and learning will allow me to achieve my goals It will help you toomdashif you apply PAC
With PAC and my assistance you can eliminate sabotaging behaviors and be-
hoW to Be a real estate investor
2013 A Year of Achieving Your Goals with PAC By Russ Hiner
Join us for
LATE nITE nETWoRKInGat the Meeting-After-the-MeetingWe meet at the Tilted Kilt Perimeter located 1155-B Mount Vernon Highway in Atlanta right after our Atlanta REIA Main Meeting
PERIMETERcontinued on page 23
Attend Russrsquos Creative Deal Structuring on Feb 9th at 7PM
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 22
Atlanta Real Estate Investors Alliance bull FEB 2013
Welcome back If you read Part One of this article you know that we covered the
other different types of popular real es-tate deals that most people do and the biggest problems with them these days Then we talked about how advantageous it is to do the new type of deals Whole-saling Pretty Houses
But we still have a few important things to cover so letrsquos pick up where we left offhellip
Once you agree on the deal amp terms with the seller you get all the paperwork signed amp closed at either a title compa-ny or attorneyrsquos office No exceptions Yoursquoll want that legal backup in case the seller conveniently forgets what they agreed to later
So now yoursquove got a deal under contract amp all the paperwork signed What now Simple You get it lsquosoldrsquo as an oppor-tunity to a tenant buyer who 1 Has a decent chunk of money to put down (typically $5000+minimum) and 2 Can afford the existing monthly mort-gage payments
For example letrsquos say you have a house worth $250000 The seller owes $260000 with monthly PITI payments of $1550 amp theyrsquore current The house needs little to no repair amp is in a great neighborhood where people want to live The seller just wants to walk amp realizes
that there is NO money to be made on this deal obviously
So at a glance it looks like this
ARV $250kOWE $260k PAYMENT $1550 PITI
currentREPAIRS $0ASKING $0 Just wants out (for what-
ever reason eg job x-ferloss divorce etc)
So you SELL the house on a Lease Purchase (aka lsquoRent to Ownrsquo) to a tenant buyer who falls in love with the house has at least $5000 to put down as Non-Refundable Option Consideration and can easily af-ford the $1550 monthly payments (plus utilities HOA etc obviously)
You arrange the closing at the title compa-nyattorneyrsquos office (have the tenant buyer pay their fee) and collect your check
hellipAND YOUrsquoRE DONE You are OUT of the deal from this
point forward
So what just happened And why would you WANT to be OUT of the deal after that
Good question Letrsquos recap shall we
You found amp negotiated a deal on a house with little to no equity that no one else would touch You solved the sellerrsquos prob-
lem amp they love you for it You then went amp found a tenant buyer who couldnrsquot buy a house now if their life depended on it (in most cases) and gave them an honest op-portunity to eventually buy this beautiful house in a beautiful neighborhoodhellip even if their credit is terrible
(NOTE The worse their credit is the more you should collect as a downpay-ment )
After that the tenant-buyer should just make the monthly mortgage pay-ments as rent There are a few options on how they can do this 1 Pay directly to the seller 2 Pay directly to the mortgage company 3 Pay to a 3rd-party paymentescrow company I highly suggest doing the 3rd so everyone can be sure the pay-ments are made on time There are several companies that will provide this service for you for a nominal fee ranging from $5 to $50mo Check around for more informa-tion on that
So herersquos the next big question WHY would YOU as the investor want to be DONE with the deal after that Why wouldnrsquot you want to get the deed or stay in the deal
Herersquos the answer You WOULD want to stay in the deal (and maybe get the deed)hellip IF
IF the seller has equity IF the house is go-ing UP in value Or IF the mortgage pay-
The Best Deals To Do in Real Estate in 2013 amp Beyond ndash Part 2By Tony Pearl
pearls oF WisDoM
NGaREIANorth GeorGia reia MoNthly MeetiNG
2nd Thursday of Each Month at 700 PMat the Hilton Garden Inn
Cartersville GA
See httpREIOutpostcom for more information
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 23
Atlanta Real Estate Investors Alliance bull FEB 2013
ments are LOW and the rent is HIGH Those are some great examples of why you WOULD want to remain in the deal
But IF the opposite is true you should simply collect your down payment from the seller amp assign that deal that you just lined up Wait a minute Assign the deal WHO would you assign the deal to
Irsquom smiling as I write this and hopefully you will too as you realize the obvious
You ASSIGN the deal right back to the SELLER of the house Does that make sense
When the house goes back up in value amp the tenant buyer is ready to buy guess what
Theyrsquoll buy directly from the seller And you explain all that to everyone involved in the deal
This Type Of Deal Is Tremendously Advantageous
To You When
bull Houses in that area are still declining in value
bull If the seller simply owes too much
bull Or if you just want an easy-in easy-out type of simple deal to do that still quickly puts thousands of dol-lars in your pocket without any risk or rehab
In the example above you got a check for (at least) $5000 pretty quickly and you donrsquot have to deal with the tenant-buyer or the seller ever again if you donrsquot want to In Out Paid Done Simple
Of course there are some important de-tails in the middle that you should learn If these types of deals make sense to you and you would like to learn more either ask your local REIA leader to get more information for you or drop me a line Irsquod love to help
So there you have it I believe that wholesaling pretty houses is one of the best types of deals you can be doing in 2013 amp beyond Itrsquos quick amp easy and there are plenty of deals like that out there now Best of all therersquos VERY little competition to do this For now
Hopefully your competition wonrsquot read this article
Until Next Time
Tony Pearl
Comment on this article online at httpatlantareiacomp=19037
Tony Pearl202-556-0670TonyTonyPearlcom
wwwTonyPearlcom
wwwFacebookcomTonyPearl
wwwTwittercomTheTonyPearl
wwwYoutubecomTonyPearl
Tony Pearl is an entrepreneur copywriter proud father mentor marketing consultant and talented teacher who resides in the Washington DC area He
has traveled to over 26 countries speaks 4 languages and continues to travel extensively He has been a professional Ballroom and Latin dance instructor competitor and exhibitor for over 19 years As a Real Estate Investor Tony has bought and sold over Ten Million dollars worth of real estate and has been educated by and associates with the best
Russ Hiner 404-660-4289RussRHinercom
wwwRHinercom
wwwFacebookcom1RHiner
Russ has been investing in real estate in Atlanta Georgia since 1981 His company currently controls apartment buildings and single-family properties in Georgia and
other states His focus is on raising private capital through Hedge Equity LLC
Russ invests everyday His knowledge and experience is current in the market He is capitalizing on the needs wants and desires of the customer He has a deep level of experience in building relationships with vendors investors tenants sellers and qualified buyers He has the knowledge to negotiate contracts manage rental properties and make his co-investors wealthy He enjoys taking properties which are virtually destroyed renovating them and creating a better community
come accountable Being accountable will lead to success which will give you the confidence to take responsibility for your greatness Confidence is liberating It leads to increased passion for your work With renewed passion 2013 can be your year of commitment and success With renewed energy you can follow your Plan that will lead you to Consis-tency Accountability and SUCCESS
So itrsquos 2013 You have goals
Will you use the same techniques that you did in 2012 Or will you join me and others whom Irsquove worked with in using new tools and renewed energy
What is the action step to begin plan-ning What should you do to help you remain on track
What can you do to make 2013 a differ-ent year for you a year of success
I am looking forward to meeting you and helping you on your way to a suc-cessful 2013
Comment on this article online at httpatlantareiacomp=19035
Achieving Your Goals with PAC cont from p21
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 24
Atlanta Real Estate Investors Alliance bull FEB 2013
How to Quickly Get 10 to 15 Good Rental Properties Paid For Free and Clear By Larry Harbolt
creative Financing is king
Larry Harbolt 727-420-4810LarryHarboltGmailcom
wwwLarryHarboltcom
wwwFacebookcomLarryHarbolt7
wwwTwittercomLarryHarbolt Larry Harbolt is the nationrsquos leading creative Seller Financing expert as well as a popular national real estate speaker and teacher whose time-
tested strategies and nuts and bolts teaching style has helped thousands of aspiring real estate entrepreneurs realize their financial dreams with little or no money and without the need for credit Larry has been successful creatively buying and selling real estate for over 30 years and has written numerous popular articles and real estate courses Larry also has been running a meetup group in St Petersburg FL for real estate investors for over 13 years
We are already in the second month of 2013 and I just had a conversation with one
of my students who wanted to know how to create wealth in the shortest possible pe-riod of time The following is my idea how wealth for any real estate investor can be created in the shortest period of time
Here is an example of how you can quickly achieve financial freedom and then wealth investing in real estate
For instance the first thing you need to do is buy 10 to 15 well selected income pro-ducing properties you are willing to keep long term as your retirement program and the base of your future wealth I personally love the thought of someone else having to go to work every day to earn money they give me in the form of rent each month that pays for my properties without me having to have a job or have to go to work every day Then once you have bought your 10 to 15 keeper rental houses in good neighborhoods with tenants who are pay-ing on time every month letrsquos say $1000 each month of which $520 goes for the monthly loan payment and after monthly expenses of property taxes property insur-ance a maintenance fund and a vacancy fund leaves you from the $1000 gross rent approximately $150 each month to put into your pocket Letrsquos say for each of your keeper rental properties you paid $88000 with very little money down and were able to get seller financing terms for 30 years
Then once you get those 10 to 15 houses free and clear with no debt each month you get to keep the entire $1000 from each house (less taxes and insurance and main-tenance costs) leaving you about $600 to $650 from each house each month Ten houses at $600 each equals $600000 each month paid directly to you to pay your bills Some of you might need 15
houses to achieve your goals If you have 15 houses x $600 net each month will give you $9000 per month income to cover your monthly expenses Once you have that much coming in each month you will have financial freedom but not yet wealth Wealth comes over time Let me show you how to get your properties free and clear in the shortest period of time
Getting Your 10 to 15 Houses Free and Clear In a Short
Period of Time
After you have your base of 10 to 15 houses bought then each year go out and buy an additional 10 to 15 houses The additional 10 to 15 houses you buy each year can be rehabbed and then sold If you were to take all of the profits from the sale of each of the additional 10 to 15 houses (after paying the taxes) and use the money you have left to pay off one or two of the loans on the houses you plan to keep and you did this over and over for a few years your base of rental properties would soon be com-pletely paid for and you would then have enough income coming in each month to be financially free
This is definitely a plausible and possible plan to become financially free in the short-est period of time Once you have done this you will then have more time and money to continue to buy even more houses sim-ply because you will have enough income each month coming in so you donrsquot have to go to a job you hate every day
Once all of your base of income produc-ing properties are completely paid for and are free and clear you will probably truly be a millionaire If you have 15 properties valued at $80000 that are free and clear your net worth will be $80000 X 15 = $1200000 Now you are wealthy
You Must Have a Wealth Building Strategy to Be
Successful
This is how true wealth is created over time People who only wholesale property for a living are not true investors -- they really have a job When a wholesaler buys a property and then passes it on to another person and they get paid a fee that money will be quickly spent and they then have to go out and find another property to whole-sale again so they can get another fee To me thatrsquos a job and I donrsquot want another job I want financial success
If you plan to be a successful real estate in-vestor and create the wealth you want it is going to be very important that you are able to recognize opportunity when it pres-ents itself It took me nearly 25 years to figure this out for myself and that is why I am sharing this information with you now so you can more quickly achieve financial freedom and your eventual wealth
Comment on this article online at httpatlantareiacomp=19032
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
Atlanta Real Estate Investors Alliance bull FEB 2013
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copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
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GROW YOUR BUSINESS TODAY placing an ad in The Profit and our design firm River City Consulting will design your ad for FREE Wersquoll also provide you with the digital file to use online and to have printed to use as promotional flyersMinimum 3-month Obligation
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SEE THEIR WORK IN amp ON
AAttllaannttaa RREEIIAA MMeemmbbeerrsshhiipp AApppplliiccaattiioonn Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560
Atlanta REIA Use Only Member ____________ Exp Date ____________ ID Card Printed Sent _________
Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560 rev 1282011
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Applicant 1 (sign) Applicant 2 (sign)
(print) (print)
Date Date
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 27
Atlanta Real Estate Investors Alliance bull FEB 2013
Atlanta REIA Meetings CalendarhttpAtlantaREIAcomMeetings
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
3rd Wednesday of Each MonthLate Nite Networking Buford900 PM ndash Late NiteTilted Kilt 3480 Financial Center Pkwy M1080 Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
3rd Thursday of Each MonthSavannah REIA630 PM ndash 900 PMGallery Espresso234 Bull St Savannah GALeader Aislee Jacksonhttpsavannahreiacom
4th Monday of Each MonthAtlanta REIA West Meeting630 PM ndash 900 PMCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Monday of Each MonthLate Nite Networking Marietta900 PM ndash CloseCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Tuesday of Each MonthNote Buyer Group Meeting630 PM ndash 830 PM Olive Garden 2467 Cobb Parkway SE Smyrna GALeader Tom Boyerhttpnbgatlantareiacom
4th Thursday (Once Per Quarter)Beginning Investors Group Meeting (BIG)630 PM ndash 900 PMChef Robrsquos Caribbean Cafe 5920 Roswell Rd NE A117 Sandy Springs GALeader Alan McDonaldhttpbigatlantareiacom
4th Thursday of Each MonthCash Cows Commercial Group1130 AM ndash 100 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GAhttpcashcowsatlantareiacom
Meets at Various Times Each MonthCash Flow Players Group MeetingTo Be AnnouncedSecrets Factory 2030 Powers Ferry Rd SE 440 Atlanta GALeader Alan McDonaldhttpcashflowatlantareiacom
2nd Wednesday of Each MonthSpanish Investors Networking Group (SING)630 PM ndash 830 PMTaco Depot 4788 Sugarloaf Pkwy 107 Lawrenceville GALeader Michael Vazquezhttpsingatlantareiacom
2nd Wednesday of Each MonthI Love Marketing Group700 PM ndash 900 PMSocial Vinings 3621 Vinings Slope SE Atlanta GALeader Rock Shukoorhttpilmatlantareiacom
2nd Thursday of Each MonthAtlanta REIA South Meeting630 PM ndash 830 PMGiovannarsquos Italian Kitchen 1375 Virginia Ave East Point GALeader Reggie Jackson amp Gordon Cattshttpsouthatlantareiacom
2nd Thursday of Each MonthNorth Georgia REIA700pm - 900pmHilton Garden Inn Cartersville 24 Liberty Drive Cartersville GALeaders Bill amp Kim Cookhttpreioutpostcom
2nd Thursday (Once Per Quarter)Small Business Group (SBG)330 PM ndash 530 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Karen Bershadhttpsbgatlantareiacom
3rd Monday of Each MonthMovers amp Shakers Lunch Meeting1100 AM ndash 130 PM5 Seasons Brewing3655 Old Milton Parkway Alpharetta GALeader Gordon Cattshttpmoversandshakersatlantareiacom
3rd Tuesday of Each MonthGwinnett County Group (The Fish Club)700 PM ndash 900 PMRed Lobster2055 Pleasant Hill Rd Duluth GALeader Aaron McGinnishttpfishclubatlantareiacom
3rd Wednesday of Each MonthAtlanta REIA North Meeting630 PM ndash 830 PM1960 Skylar Hill Dr Suite D Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
February 4th 2013Atlanta REIA Main Meeting530 PM ndash 900 PM Crowne Plaza Ravinia Hotel4355 Ashford Dunwoody Atlanta GA Leader Dustin Griffinhttpmainatlantareiacom
1st Monday of Each MonthLate Nite Networking Dunwoody930 PM ndash Late NiteTilted Kilt 1155-B Mount Vernon Hwy Atlanta GALeader Lee Buddenhttpmainatlantareiacom
1st Monday (Once Per Quarter)Mobile Real Estate Rockstars Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Don DeRosahttprockstarsatlantareiacom
1st Monday (Once Per Quarter) Short Sale amp Foreclosure Group300 PM ndash 530 PMTotal Wine amp More124 Perimeter Center W Atlanta GALeader Bob Masseyhttpssfatlantareiacom
1st Monday (Once Per Quarter)Active Investors Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Gordon Catts
1st Tuesday of Each MonthMountain REIA630 PM ndash 900 PMGolden Corral 2025 Market Place Blvd Cumming GALeader Gordon Cattshttpmountainreiacom
1st Wednesday of Each MonthCreative Deal Structuring Group (CDS)700 PM ndash 900 PMWhitehall Tavern 2391 Peachtree Rd NE Atlanta GALeader Russ Hinerhttpcdsatlantareiacom
Every Thursday (Except Major Holidays)Have amp Wants Meeting130 PM - 330 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Joe Thompsonhttphavesandwantsatlantareiacom
Next Meeting March 28th
Next Game on Sat Feb 9th
Meets Monday Feb 4th
ATLANTA REIA CALENDAR OF EVENTSFEBRUARY 2013
SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
Movers amp Shakers1100am - 130pm
Gwinnett County Group (The Fish Club) 700pm ndash 900pm
I Love Marketing Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pm
Mountain REIA630pm ndash 900pm
Atlanta REIA MAIN MEETING with Bill Cook
530pm ndash 900pmMobile Real Estate Rockstars Group 300-500pm
Creative DealStructuring Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pmAtlanta REIA South Meeting630pm ndash 830pmNorth Georgia REIA700pm - 900pm
NEWSLETTER dESigN PRovidEd by
SNEAK PEEK FOR MARCHMAR 4 ATLANTA REIA MEETING
APR 1 ATLANTA REIA MEETING WITH JAY CONNER
APR 27 FULL DAY WORKSHOP WITH JAY CONNER amp RON LEGRAND
Haves amp Wants Meeting130pm - 330pm
Cash Cows Commercial Group1130am - 100pmHaves amp Wants Meeting130pm - 330pm
Atlanta REIA West Meeting630pm ndash 900pmLate Nite Networking Marietta900 PM ndash Close
Note Buyer Group Meeting 6300pm ndash 830pm
Atlanta REIA North Meeting630pm-830pmLate Nite Networking Buford900pm - Late
Grow Your Wealth With The Financial
Calculator Workshopwith Bill amp Kim Cook
900am - 500pmCartersville GA
Wealth Building Using Self-
Directed IRAswith Dyches Boddiford amp
Pete FortunatoAtlanta GA
- FB
- YT
- MU
- Button 34
- Button 72
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 22
Atlanta Real Estate Investors Alliance bull FEB 2013
Welcome back If you read Part One of this article you know that we covered the
other different types of popular real es-tate deals that most people do and the biggest problems with them these days Then we talked about how advantageous it is to do the new type of deals Whole-saling Pretty Houses
But we still have a few important things to cover so letrsquos pick up where we left offhellip
Once you agree on the deal amp terms with the seller you get all the paperwork signed amp closed at either a title compa-ny or attorneyrsquos office No exceptions Yoursquoll want that legal backup in case the seller conveniently forgets what they agreed to later
So now yoursquove got a deal under contract amp all the paperwork signed What now Simple You get it lsquosoldrsquo as an oppor-tunity to a tenant buyer who 1 Has a decent chunk of money to put down (typically $5000+minimum) and 2 Can afford the existing monthly mort-gage payments
For example letrsquos say you have a house worth $250000 The seller owes $260000 with monthly PITI payments of $1550 amp theyrsquore current The house needs little to no repair amp is in a great neighborhood where people want to live The seller just wants to walk amp realizes
that there is NO money to be made on this deal obviously
So at a glance it looks like this
ARV $250kOWE $260k PAYMENT $1550 PITI
currentREPAIRS $0ASKING $0 Just wants out (for what-
ever reason eg job x-ferloss divorce etc)
So you SELL the house on a Lease Purchase (aka lsquoRent to Ownrsquo) to a tenant buyer who falls in love with the house has at least $5000 to put down as Non-Refundable Option Consideration and can easily af-ford the $1550 monthly payments (plus utilities HOA etc obviously)
You arrange the closing at the title compa-nyattorneyrsquos office (have the tenant buyer pay their fee) and collect your check
hellipAND YOUrsquoRE DONE You are OUT of the deal from this
point forward
So what just happened And why would you WANT to be OUT of the deal after that
Good question Letrsquos recap shall we
You found amp negotiated a deal on a house with little to no equity that no one else would touch You solved the sellerrsquos prob-
lem amp they love you for it You then went amp found a tenant buyer who couldnrsquot buy a house now if their life depended on it (in most cases) and gave them an honest op-portunity to eventually buy this beautiful house in a beautiful neighborhoodhellip even if their credit is terrible
(NOTE The worse their credit is the more you should collect as a downpay-ment )
After that the tenant-buyer should just make the monthly mortgage pay-ments as rent There are a few options on how they can do this 1 Pay directly to the seller 2 Pay directly to the mortgage company 3 Pay to a 3rd-party paymentescrow company I highly suggest doing the 3rd so everyone can be sure the pay-ments are made on time There are several companies that will provide this service for you for a nominal fee ranging from $5 to $50mo Check around for more informa-tion on that
So herersquos the next big question WHY would YOU as the investor want to be DONE with the deal after that Why wouldnrsquot you want to get the deed or stay in the deal
Herersquos the answer You WOULD want to stay in the deal (and maybe get the deed)hellip IF
IF the seller has equity IF the house is go-ing UP in value Or IF the mortgage pay-
The Best Deals To Do in Real Estate in 2013 amp Beyond ndash Part 2By Tony Pearl
pearls oF WisDoM
NGaREIANorth GeorGia reia MoNthly MeetiNG
2nd Thursday of Each Month at 700 PMat the Hilton Garden Inn
Cartersville GA
See httpREIOutpostcom for more information
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 23
Atlanta Real Estate Investors Alliance bull FEB 2013
ments are LOW and the rent is HIGH Those are some great examples of why you WOULD want to remain in the deal
But IF the opposite is true you should simply collect your down payment from the seller amp assign that deal that you just lined up Wait a minute Assign the deal WHO would you assign the deal to
Irsquom smiling as I write this and hopefully you will too as you realize the obvious
You ASSIGN the deal right back to the SELLER of the house Does that make sense
When the house goes back up in value amp the tenant buyer is ready to buy guess what
Theyrsquoll buy directly from the seller And you explain all that to everyone involved in the deal
This Type Of Deal Is Tremendously Advantageous
To You When
bull Houses in that area are still declining in value
bull If the seller simply owes too much
bull Or if you just want an easy-in easy-out type of simple deal to do that still quickly puts thousands of dol-lars in your pocket without any risk or rehab
In the example above you got a check for (at least) $5000 pretty quickly and you donrsquot have to deal with the tenant-buyer or the seller ever again if you donrsquot want to In Out Paid Done Simple
Of course there are some important de-tails in the middle that you should learn If these types of deals make sense to you and you would like to learn more either ask your local REIA leader to get more information for you or drop me a line Irsquod love to help
So there you have it I believe that wholesaling pretty houses is one of the best types of deals you can be doing in 2013 amp beyond Itrsquos quick amp easy and there are plenty of deals like that out there now Best of all therersquos VERY little competition to do this For now
Hopefully your competition wonrsquot read this article
Until Next Time
Tony Pearl
Comment on this article online at httpatlantareiacomp=19037
Tony Pearl202-556-0670TonyTonyPearlcom
wwwTonyPearlcom
wwwFacebookcomTonyPearl
wwwTwittercomTheTonyPearl
wwwYoutubecomTonyPearl
Tony Pearl is an entrepreneur copywriter proud father mentor marketing consultant and talented teacher who resides in the Washington DC area He
has traveled to over 26 countries speaks 4 languages and continues to travel extensively He has been a professional Ballroom and Latin dance instructor competitor and exhibitor for over 19 years As a Real Estate Investor Tony has bought and sold over Ten Million dollars worth of real estate and has been educated by and associates with the best
Russ Hiner 404-660-4289RussRHinercom
wwwRHinercom
wwwFacebookcom1RHiner
Russ has been investing in real estate in Atlanta Georgia since 1981 His company currently controls apartment buildings and single-family properties in Georgia and
other states His focus is on raising private capital through Hedge Equity LLC
Russ invests everyday His knowledge and experience is current in the market He is capitalizing on the needs wants and desires of the customer He has a deep level of experience in building relationships with vendors investors tenants sellers and qualified buyers He has the knowledge to negotiate contracts manage rental properties and make his co-investors wealthy He enjoys taking properties which are virtually destroyed renovating them and creating a better community
come accountable Being accountable will lead to success which will give you the confidence to take responsibility for your greatness Confidence is liberating It leads to increased passion for your work With renewed passion 2013 can be your year of commitment and success With renewed energy you can follow your Plan that will lead you to Consis-tency Accountability and SUCCESS
So itrsquos 2013 You have goals
Will you use the same techniques that you did in 2012 Or will you join me and others whom Irsquove worked with in using new tools and renewed energy
What is the action step to begin plan-ning What should you do to help you remain on track
What can you do to make 2013 a differ-ent year for you a year of success
I am looking forward to meeting you and helping you on your way to a suc-cessful 2013
Comment on this article online at httpatlantareiacomp=19035
Achieving Your Goals with PAC cont from p21
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 24
Atlanta Real Estate Investors Alliance bull FEB 2013
How to Quickly Get 10 to 15 Good Rental Properties Paid For Free and Clear By Larry Harbolt
creative Financing is king
Larry Harbolt 727-420-4810LarryHarboltGmailcom
wwwLarryHarboltcom
wwwFacebookcomLarryHarbolt7
wwwTwittercomLarryHarbolt Larry Harbolt is the nationrsquos leading creative Seller Financing expert as well as a popular national real estate speaker and teacher whose time-
tested strategies and nuts and bolts teaching style has helped thousands of aspiring real estate entrepreneurs realize their financial dreams with little or no money and without the need for credit Larry has been successful creatively buying and selling real estate for over 30 years and has written numerous popular articles and real estate courses Larry also has been running a meetup group in St Petersburg FL for real estate investors for over 13 years
We are already in the second month of 2013 and I just had a conversation with one
of my students who wanted to know how to create wealth in the shortest possible pe-riod of time The following is my idea how wealth for any real estate investor can be created in the shortest period of time
Here is an example of how you can quickly achieve financial freedom and then wealth investing in real estate
For instance the first thing you need to do is buy 10 to 15 well selected income pro-ducing properties you are willing to keep long term as your retirement program and the base of your future wealth I personally love the thought of someone else having to go to work every day to earn money they give me in the form of rent each month that pays for my properties without me having to have a job or have to go to work every day Then once you have bought your 10 to 15 keeper rental houses in good neighborhoods with tenants who are pay-ing on time every month letrsquos say $1000 each month of which $520 goes for the monthly loan payment and after monthly expenses of property taxes property insur-ance a maintenance fund and a vacancy fund leaves you from the $1000 gross rent approximately $150 each month to put into your pocket Letrsquos say for each of your keeper rental properties you paid $88000 with very little money down and were able to get seller financing terms for 30 years
Then once you get those 10 to 15 houses free and clear with no debt each month you get to keep the entire $1000 from each house (less taxes and insurance and main-tenance costs) leaving you about $600 to $650 from each house each month Ten houses at $600 each equals $600000 each month paid directly to you to pay your bills Some of you might need 15
houses to achieve your goals If you have 15 houses x $600 net each month will give you $9000 per month income to cover your monthly expenses Once you have that much coming in each month you will have financial freedom but not yet wealth Wealth comes over time Let me show you how to get your properties free and clear in the shortest period of time
Getting Your 10 to 15 Houses Free and Clear In a Short
Period of Time
After you have your base of 10 to 15 houses bought then each year go out and buy an additional 10 to 15 houses The additional 10 to 15 houses you buy each year can be rehabbed and then sold If you were to take all of the profits from the sale of each of the additional 10 to 15 houses (after paying the taxes) and use the money you have left to pay off one or two of the loans on the houses you plan to keep and you did this over and over for a few years your base of rental properties would soon be com-pletely paid for and you would then have enough income coming in each month to be financially free
This is definitely a plausible and possible plan to become financially free in the short-est period of time Once you have done this you will then have more time and money to continue to buy even more houses sim-ply because you will have enough income each month coming in so you donrsquot have to go to a job you hate every day
Once all of your base of income produc-ing properties are completely paid for and are free and clear you will probably truly be a millionaire If you have 15 properties valued at $80000 that are free and clear your net worth will be $80000 X 15 = $1200000 Now you are wealthy
You Must Have a Wealth Building Strategy to Be
Successful
This is how true wealth is created over time People who only wholesale property for a living are not true investors -- they really have a job When a wholesaler buys a property and then passes it on to another person and they get paid a fee that money will be quickly spent and they then have to go out and find another property to whole-sale again so they can get another fee To me thatrsquos a job and I donrsquot want another job I want financial success
If you plan to be a successful real estate in-vestor and create the wealth you want it is going to be very important that you are able to recognize opportunity when it pres-ents itself It took me nearly 25 years to figure this out for myself and that is why I am sharing this information with you now so you can more quickly achieve financial freedom and your eventual wealth
Comment on this article online at httpatlantareiacomp=19032
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
Atlanta Real Estate Investors Alliance bull FEB 2013
Join our Mobile Real Estate Investor VIP ListJust text ATLAnTA to 404-996-1099Standard text message rates apply
Follow us online from your mobile phone at httpAtlantaREIAcom httpFacebookcomAtlantaREIA httpTwittercomAtlantaREIA httpYoutubecomAtlantaREIA httpMeetupcomAtlantaREIA
Want to stay plugged in and connected to Atlanta REIA from
your mobile device
Subscribe to The Profit Newsletter amp Email list at httpSubscribeAtlantaREIAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
For a Limited Time
Wersquore Sharing our Design Firm with our Advertisers
GROW YOUR BUSINESS TODAY placing an ad in The Profit and our design firm River City Consulting will design your ad for FREE Wersquoll also provide you with the digital file to use online and to have printed to use as promotional flyersMinimum 3-month Obligation
When yoursquore ready to get started call Christine Griffin at 678-701-7160 or email adminatlantareiacom
SEE THEIR WORK IN amp ON
AAttllaannttaa RREEIIAA MMeemmbbeerrsshhiipp AApppplliiccaattiioonn Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560
Atlanta REIA Use Only Member ____________ Exp Date ____________ ID Card Printed Sent _________
Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560 rev 1282011
Membership Plans - Choose a Membership Plan
Silver Membership for Individual $100year
Silver Membership for Couple $150year
Gold Membership for Individual $300year
Gold Membership for Couple $300year
Applicant Information - Please print clearly
Applicant 1 Applicant 2
Address
Phone 1 Phone 2
Email 1 Email 2
Sponsor (if applicable)
Payment Information - Please print clearly
Name on Card Total Amount $
Billing Address
Card Type Visa Master Card Discover American Express
Card Number Expiration Date Code
Terms of Sale Disclaimer amp Release The undersigned Applicant(s) hereafter called the Applicant understands and acknowledges that membership in the Atlanta Real Estate Investor Alliance hereafter called Atlanta REIA absolutely does NOT entitle nor make Applicant a legal member of Atlanta REIA LLC the company Applicant acknowledges that Atlanta REIA does not render legal tax economic or investment advice All programs are provided with the understanding that Atlanta REIA is not engaged in rendering legal tax or other professional services If legal tax or other expert assistance is required the services of a competent professional should be sought Atlanta REIA does not investigate its members nor vouch for nor make representation as to the honesty integrity reliability motives andor resources of its members officers directors employees agents and or contractors The Applicant in consideration for hisher acceptance as a member of Atlanta REIA hereby releases discharges and agrees to indemnify Atlanta REIA its officers directors members employees agents andor contractors from any liabilities now accrued or which may hereafter accrue from their actions inactions or communications made by Atlanta REIA andor officers directors members employees agents andor contractors in or through their respective capacities with Atlanta REIA Applicant agrees to comply with the terms and conditions described herein the Code of Ethics and any other terms described on our website at AtlantaREIAcom as well as any other Atlanta REIA rules and regulations Applicant agrees and acknowledges that Atlanta REIA may enforce these codes terms rules and regulations at its sole and absolute discretion and may terminate this membership at any time for any reason whatsoever Applicant grants to Atlanta REIA its representatives and employees the right to take photographs video or audio of Applicant and Applicants property Applicant authorizes Atlanta REIA its assigns and transferees to copyright use and publish the same in print andor electronically Applicant agrees that Atlanta REIA may use such photographs video and audio of Applicant with or without Applicants name and for any lawful purpose including but not limited to publicity illustration advertising and web content Applicant grants permission to Atlanta REIA to contact Applicant regarding membership and related business by phone fax email text message chat programs social networking automated voice broadcast dialers or any other means necessary By completing this application Applicant agrees to give Atlanta REIA permission to bill the credit card above for the membership plan selected above Applicant acknowledges and agrees that the term of membership is one (1) year and that billing for membership will be automatically renewed for one (1) year upon expiration at the then current membership rate and that the appropriate charges be applied to Applicants credit card on file Should Applicant decide to cancel membership a written notice of cancellation must be emailed faxed or sent via postal email to Atlanta REIA at the address email or fax below thirty (30) days prior to the next billing or renewal period Atlanta REIA must acknowledge receipt of this written cancellation notice for it to be valid Membership dues are NON-REFUNDABLE for any reason whatsoever Applicant promises NOT to initiate any refunds or credit card charge backs for these membership dues and related charges at any time Applicant agrees that Atlanta REIA may change the terms of this Agreement or its membership dues at any time by posting such changes to our website at AtlantaREIAcom By continuing membership Applicant agrees to be bound by such changes Applicant will send all written notifications to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 Fax 770-216-1560 Email noticesatlantareiacom With my signature I accept the Terms of Sale Disclaimer amp Release and I authorize Atlanta REIA LLC to charge my credit card for the membership plan above as well as total recurring amount shown I further acknowledge that these membership dues are non-refundable
Applicant 1 (sign) Applicant 2 (sign)
(print) (print)
Date Date
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 27
Atlanta Real Estate Investors Alliance bull FEB 2013
Atlanta REIA Meetings CalendarhttpAtlantaREIAcomMeetings
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
3rd Wednesday of Each MonthLate Nite Networking Buford900 PM ndash Late NiteTilted Kilt 3480 Financial Center Pkwy M1080 Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
3rd Thursday of Each MonthSavannah REIA630 PM ndash 900 PMGallery Espresso234 Bull St Savannah GALeader Aislee Jacksonhttpsavannahreiacom
4th Monday of Each MonthAtlanta REIA West Meeting630 PM ndash 900 PMCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Monday of Each MonthLate Nite Networking Marietta900 PM ndash CloseCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Tuesday of Each MonthNote Buyer Group Meeting630 PM ndash 830 PM Olive Garden 2467 Cobb Parkway SE Smyrna GALeader Tom Boyerhttpnbgatlantareiacom
4th Thursday (Once Per Quarter)Beginning Investors Group Meeting (BIG)630 PM ndash 900 PMChef Robrsquos Caribbean Cafe 5920 Roswell Rd NE A117 Sandy Springs GALeader Alan McDonaldhttpbigatlantareiacom
4th Thursday of Each MonthCash Cows Commercial Group1130 AM ndash 100 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GAhttpcashcowsatlantareiacom
Meets at Various Times Each MonthCash Flow Players Group MeetingTo Be AnnouncedSecrets Factory 2030 Powers Ferry Rd SE 440 Atlanta GALeader Alan McDonaldhttpcashflowatlantareiacom
2nd Wednesday of Each MonthSpanish Investors Networking Group (SING)630 PM ndash 830 PMTaco Depot 4788 Sugarloaf Pkwy 107 Lawrenceville GALeader Michael Vazquezhttpsingatlantareiacom
2nd Wednesday of Each MonthI Love Marketing Group700 PM ndash 900 PMSocial Vinings 3621 Vinings Slope SE Atlanta GALeader Rock Shukoorhttpilmatlantareiacom
2nd Thursday of Each MonthAtlanta REIA South Meeting630 PM ndash 830 PMGiovannarsquos Italian Kitchen 1375 Virginia Ave East Point GALeader Reggie Jackson amp Gordon Cattshttpsouthatlantareiacom
2nd Thursday of Each MonthNorth Georgia REIA700pm - 900pmHilton Garden Inn Cartersville 24 Liberty Drive Cartersville GALeaders Bill amp Kim Cookhttpreioutpostcom
2nd Thursday (Once Per Quarter)Small Business Group (SBG)330 PM ndash 530 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Karen Bershadhttpsbgatlantareiacom
3rd Monday of Each MonthMovers amp Shakers Lunch Meeting1100 AM ndash 130 PM5 Seasons Brewing3655 Old Milton Parkway Alpharetta GALeader Gordon Cattshttpmoversandshakersatlantareiacom
3rd Tuesday of Each MonthGwinnett County Group (The Fish Club)700 PM ndash 900 PMRed Lobster2055 Pleasant Hill Rd Duluth GALeader Aaron McGinnishttpfishclubatlantareiacom
3rd Wednesday of Each MonthAtlanta REIA North Meeting630 PM ndash 830 PM1960 Skylar Hill Dr Suite D Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
February 4th 2013Atlanta REIA Main Meeting530 PM ndash 900 PM Crowne Plaza Ravinia Hotel4355 Ashford Dunwoody Atlanta GA Leader Dustin Griffinhttpmainatlantareiacom
1st Monday of Each MonthLate Nite Networking Dunwoody930 PM ndash Late NiteTilted Kilt 1155-B Mount Vernon Hwy Atlanta GALeader Lee Buddenhttpmainatlantareiacom
1st Monday (Once Per Quarter)Mobile Real Estate Rockstars Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Don DeRosahttprockstarsatlantareiacom
1st Monday (Once Per Quarter) Short Sale amp Foreclosure Group300 PM ndash 530 PMTotal Wine amp More124 Perimeter Center W Atlanta GALeader Bob Masseyhttpssfatlantareiacom
1st Monday (Once Per Quarter)Active Investors Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Gordon Catts
1st Tuesday of Each MonthMountain REIA630 PM ndash 900 PMGolden Corral 2025 Market Place Blvd Cumming GALeader Gordon Cattshttpmountainreiacom
1st Wednesday of Each MonthCreative Deal Structuring Group (CDS)700 PM ndash 900 PMWhitehall Tavern 2391 Peachtree Rd NE Atlanta GALeader Russ Hinerhttpcdsatlantareiacom
Every Thursday (Except Major Holidays)Have amp Wants Meeting130 PM - 330 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Joe Thompsonhttphavesandwantsatlantareiacom
Next Meeting March 28th
Next Game on Sat Feb 9th
Meets Monday Feb 4th
ATLANTA REIA CALENDAR OF EVENTSFEBRUARY 2013
SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
Movers amp Shakers1100am - 130pm
Gwinnett County Group (The Fish Club) 700pm ndash 900pm
I Love Marketing Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pm
Mountain REIA630pm ndash 900pm
Atlanta REIA MAIN MEETING with Bill Cook
530pm ndash 900pmMobile Real Estate Rockstars Group 300-500pm
Creative DealStructuring Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pmAtlanta REIA South Meeting630pm ndash 830pmNorth Georgia REIA700pm - 900pm
NEWSLETTER dESigN PRovidEd by
SNEAK PEEK FOR MARCHMAR 4 ATLANTA REIA MEETING
APR 1 ATLANTA REIA MEETING WITH JAY CONNER
APR 27 FULL DAY WORKSHOP WITH JAY CONNER amp RON LEGRAND
Haves amp Wants Meeting130pm - 330pm
Cash Cows Commercial Group1130am - 100pmHaves amp Wants Meeting130pm - 330pm
Atlanta REIA West Meeting630pm ndash 900pmLate Nite Networking Marietta900 PM ndash Close
Note Buyer Group Meeting 6300pm ndash 830pm
Atlanta REIA North Meeting630pm-830pmLate Nite Networking Buford900pm - Late
Grow Your Wealth With The Financial
Calculator Workshopwith Bill amp Kim Cook
900am - 500pmCartersville GA
Wealth Building Using Self-
Directed IRAswith Dyches Boddiford amp
Pete FortunatoAtlanta GA
- FB
- YT
- MU
- Button 34
- Button 72
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 23
Atlanta Real Estate Investors Alliance bull FEB 2013
ments are LOW and the rent is HIGH Those are some great examples of why you WOULD want to remain in the deal
But IF the opposite is true you should simply collect your down payment from the seller amp assign that deal that you just lined up Wait a minute Assign the deal WHO would you assign the deal to
Irsquom smiling as I write this and hopefully you will too as you realize the obvious
You ASSIGN the deal right back to the SELLER of the house Does that make sense
When the house goes back up in value amp the tenant buyer is ready to buy guess what
Theyrsquoll buy directly from the seller And you explain all that to everyone involved in the deal
This Type Of Deal Is Tremendously Advantageous
To You When
bull Houses in that area are still declining in value
bull If the seller simply owes too much
bull Or if you just want an easy-in easy-out type of simple deal to do that still quickly puts thousands of dol-lars in your pocket without any risk or rehab
In the example above you got a check for (at least) $5000 pretty quickly and you donrsquot have to deal with the tenant-buyer or the seller ever again if you donrsquot want to In Out Paid Done Simple
Of course there are some important de-tails in the middle that you should learn If these types of deals make sense to you and you would like to learn more either ask your local REIA leader to get more information for you or drop me a line Irsquod love to help
So there you have it I believe that wholesaling pretty houses is one of the best types of deals you can be doing in 2013 amp beyond Itrsquos quick amp easy and there are plenty of deals like that out there now Best of all therersquos VERY little competition to do this For now
Hopefully your competition wonrsquot read this article
Until Next Time
Tony Pearl
Comment on this article online at httpatlantareiacomp=19037
Tony Pearl202-556-0670TonyTonyPearlcom
wwwTonyPearlcom
wwwFacebookcomTonyPearl
wwwTwittercomTheTonyPearl
wwwYoutubecomTonyPearl
Tony Pearl is an entrepreneur copywriter proud father mentor marketing consultant and talented teacher who resides in the Washington DC area He
has traveled to over 26 countries speaks 4 languages and continues to travel extensively He has been a professional Ballroom and Latin dance instructor competitor and exhibitor for over 19 years As a Real Estate Investor Tony has bought and sold over Ten Million dollars worth of real estate and has been educated by and associates with the best
Russ Hiner 404-660-4289RussRHinercom
wwwRHinercom
wwwFacebookcom1RHiner
Russ has been investing in real estate in Atlanta Georgia since 1981 His company currently controls apartment buildings and single-family properties in Georgia and
other states His focus is on raising private capital through Hedge Equity LLC
Russ invests everyday His knowledge and experience is current in the market He is capitalizing on the needs wants and desires of the customer He has a deep level of experience in building relationships with vendors investors tenants sellers and qualified buyers He has the knowledge to negotiate contracts manage rental properties and make his co-investors wealthy He enjoys taking properties which are virtually destroyed renovating them and creating a better community
come accountable Being accountable will lead to success which will give you the confidence to take responsibility for your greatness Confidence is liberating It leads to increased passion for your work With renewed passion 2013 can be your year of commitment and success With renewed energy you can follow your Plan that will lead you to Consis-tency Accountability and SUCCESS
So itrsquos 2013 You have goals
Will you use the same techniques that you did in 2012 Or will you join me and others whom Irsquove worked with in using new tools and renewed energy
What is the action step to begin plan-ning What should you do to help you remain on track
What can you do to make 2013 a differ-ent year for you a year of success
I am looking forward to meeting you and helping you on your way to a suc-cessful 2013
Comment on this article online at httpatlantareiacomp=19035
Achieving Your Goals with PAC cont from p21
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 24
Atlanta Real Estate Investors Alliance bull FEB 2013
How to Quickly Get 10 to 15 Good Rental Properties Paid For Free and Clear By Larry Harbolt
creative Financing is king
Larry Harbolt 727-420-4810LarryHarboltGmailcom
wwwLarryHarboltcom
wwwFacebookcomLarryHarbolt7
wwwTwittercomLarryHarbolt Larry Harbolt is the nationrsquos leading creative Seller Financing expert as well as a popular national real estate speaker and teacher whose time-
tested strategies and nuts and bolts teaching style has helped thousands of aspiring real estate entrepreneurs realize their financial dreams with little or no money and without the need for credit Larry has been successful creatively buying and selling real estate for over 30 years and has written numerous popular articles and real estate courses Larry also has been running a meetup group in St Petersburg FL for real estate investors for over 13 years
We are already in the second month of 2013 and I just had a conversation with one
of my students who wanted to know how to create wealth in the shortest possible pe-riod of time The following is my idea how wealth for any real estate investor can be created in the shortest period of time
Here is an example of how you can quickly achieve financial freedom and then wealth investing in real estate
For instance the first thing you need to do is buy 10 to 15 well selected income pro-ducing properties you are willing to keep long term as your retirement program and the base of your future wealth I personally love the thought of someone else having to go to work every day to earn money they give me in the form of rent each month that pays for my properties without me having to have a job or have to go to work every day Then once you have bought your 10 to 15 keeper rental houses in good neighborhoods with tenants who are pay-ing on time every month letrsquos say $1000 each month of which $520 goes for the monthly loan payment and after monthly expenses of property taxes property insur-ance a maintenance fund and a vacancy fund leaves you from the $1000 gross rent approximately $150 each month to put into your pocket Letrsquos say for each of your keeper rental properties you paid $88000 with very little money down and were able to get seller financing terms for 30 years
Then once you get those 10 to 15 houses free and clear with no debt each month you get to keep the entire $1000 from each house (less taxes and insurance and main-tenance costs) leaving you about $600 to $650 from each house each month Ten houses at $600 each equals $600000 each month paid directly to you to pay your bills Some of you might need 15
houses to achieve your goals If you have 15 houses x $600 net each month will give you $9000 per month income to cover your monthly expenses Once you have that much coming in each month you will have financial freedom but not yet wealth Wealth comes over time Let me show you how to get your properties free and clear in the shortest period of time
Getting Your 10 to 15 Houses Free and Clear In a Short
Period of Time
After you have your base of 10 to 15 houses bought then each year go out and buy an additional 10 to 15 houses The additional 10 to 15 houses you buy each year can be rehabbed and then sold If you were to take all of the profits from the sale of each of the additional 10 to 15 houses (after paying the taxes) and use the money you have left to pay off one or two of the loans on the houses you plan to keep and you did this over and over for a few years your base of rental properties would soon be com-pletely paid for and you would then have enough income coming in each month to be financially free
This is definitely a plausible and possible plan to become financially free in the short-est period of time Once you have done this you will then have more time and money to continue to buy even more houses sim-ply because you will have enough income each month coming in so you donrsquot have to go to a job you hate every day
Once all of your base of income produc-ing properties are completely paid for and are free and clear you will probably truly be a millionaire If you have 15 properties valued at $80000 that are free and clear your net worth will be $80000 X 15 = $1200000 Now you are wealthy
You Must Have a Wealth Building Strategy to Be
Successful
This is how true wealth is created over time People who only wholesale property for a living are not true investors -- they really have a job When a wholesaler buys a property and then passes it on to another person and they get paid a fee that money will be quickly spent and they then have to go out and find another property to whole-sale again so they can get another fee To me thatrsquos a job and I donrsquot want another job I want financial success
If you plan to be a successful real estate in-vestor and create the wealth you want it is going to be very important that you are able to recognize opportunity when it pres-ents itself It took me nearly 25 years to figure this out for myself and that is why I am sharing this information with you now so you can more quickly achieve financial freedom and your eventual wealth
Comment on this article online at httpatlantareiacomp=19032
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
Atlanta Real Estate Investors Alliance bull FEB 2013
Join our Mobile Real Estate Investor VIP ListJust text ATLAnTA to 404-996-1099Standard text message rates apply
Follow us online from your mobile phone at httpAtlantaREIAcom httpFacebookcomAtlantaREIA httpTwittercomAtlantaREIA httpYoutubecomAtlantaREIA httpMeetupcomAtlantaREIA
Want to stay plugged in and connected to Atlanta REIA from
your mobile device
Subscribe to The Profit Newsletter amp Email list at httpSubscribeAtlantaREIAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
For a Limited Time
Wersquore Sharing our Design Firm with our Advertisers
GROW YOUR BUSINESS TODAY placing an ad in The Profit and our design firm River City Consulting will design your ad for FREE Wersquoll also provide you with the digital file to use online and to have printed to use as promotional flyersMinimum 3-month Obligation
When yoursquore ready to get started call Christine Griffin at 678-701-7160 or email adminatlantareiacom
SEE THEIR WORK IN amp ON
AAttllaannttaa RREEIIAA MMeemmbbeerrsshhiipp AApppplliiccaattiioonn Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560
Atlanta REIA Use Only Member ____________ Exp Date ____________ ID Card Printed Sent _________
Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560 rev 1282011
Membership Plans - Choose a Membership Plan
Silver Membership for Individual $100year
Silver Membership for Couple $150year
Gold Membership for Individual $300year
Gold Membership for Couple $300year
Applicant Information - Please print clearly
Applicant 1 Applicant 2
Address
Phone 1 Phone 2
Email 1 Email 2
Sponsor (if applicable)
Payment Information - Please print clearly
Name on Card Total Amount $
Billing Address
Card Type Visa Master Card Discover American Express
Card Number Expiration Date Code
Terms of Sale Disclaimer amp Release The undersigned Applicant(s) hereafter called the Applicant understands and acknowledges that membership in the Atlanta Real Estate Investor Alliance hereafter called Atlanta REIA absolutely does NOT entitle nor make Applicant a legal member of Atlanta REIA LLC the company Applicant acknowledges that Atlanta REIA does not render legal tax economic or investment advice All programs are provided with the understanding that Atlanta REIA is not engaged in rendering legal tax or other professional services If legal tax or other expert assistance is required the services of a competent professional should be sought Atlanta REIA does not investigate its members nor vouch for nor make representation as to the honesty integrity reliability motives andor resources of its members officers directors employees agents and or contractors The Applicant in consideration for hisher acceptance as a member of Atlanta REIA hereby releases discharges and agrees to indemnify Atlanta REIA its officers directors members employees agents andor contractors from any liabilities now accrued or which may hereafter accrue from their actions inactions or communications made by Atlanta REIA andor officers directors members employees agents andor contractors in or through their respective capacities with Atlanta REIA Applicant agrees to comply with the terms and conditions described herein the Code of Ethics and any other terms described on our website at AtlantaREIAcom as well as any other Atlanta REIA rules and regulations Applicant agrees and acknowledges that Atlanta REIA may enforce these codes terms rules and regulations at its sole and absolute discretion and may terminate this membership at any time for any reason whatsoever Applicant grants to Atlanta REIA its representatives and employees the right to take photographs video or audio of Applicant and Applicants property Applicant authorizes Atlanta REIA its assigns and transferees to copyright use and publish the same in print andor electronically Applicant agrees that Atlanta REIA may use such photographs video and audio of Applicant with or without Applicants name and for any lawful purpose including but not limited to publicity illustration advertising and web content Applicant grants permission to Atlanta REIA to contact Applicant regarding membership and related business by phone fax email text message chat programs social networking automated voice broadcast dialers or any other means necessary By completing this application Applicant agrees to give Atlanta REIA permission to bill the credit card above for the membership plan selected above Applicant acknowledges and agrees that the term of membership is one (1) year and that billing for membership will be automatically renewed for one (1) year upon expiration at the then current membership rate and that the appropriate charges be applied to Applicants credit card on file Should Applicant decide to cancel membership a written notice of cancellation must be emailed faxed or sent via postal email to Atlanta REIA at the address email or fax below thirty (30) days prior to the next billing or renewal period Atlanta REIA must acknowledge receipt of this written cancellation notice for it to be valid Membership dues are NON-REFUNDABLE for any reason whatsoever Applicant promises NOT to initiate any refunds or credit card charge backs for these membership dues and related charges at any time Applicant agrees that Atlanta REIA may change the terms of this Agreement or its membership dues at any time by posting such changes to our website at AtlantaREIAcom By continuing membership Applicant agrees to be bound by such changes Applicant will send all written notifications to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 Fax 770-216-1560 Email noticesatlantareiacom With my signature I accept the Terms of Sale Disclaimer amp Release and I authorize Atlanta REIA LLC to charge my credit card for the membership plan above as well as total recurring amount shown I further acknowledge that these membership dues are non-refundable
Applicant 1 (sign) Applicant 2 (sign)
(print) (print)
Date Date
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 27
Atlanta Real Estate Investors Alliance bull FEB 2013
Atlanta REIA Meetings CalendarhttpAtlantaREIAcomMeetings
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
3rd Wednesday of Each MonthLate Nite Networking Buford900 PM ndash Late NiteTilted Kilt 3480 Financial Center Pkwy M1080 Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
3rd Thursday of Each MonthSavannah REIA630 PM ndash 900 PMGallery Espresso234 Bull St Savannah GALeader Aislee Jacksonhttpsavannahreiacom
4th Monday of Each MonthAtlanta REIA West Meeting630 PM ndash 900 PMCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Monday of Each MonthLate Nite Networking Marietta900 PM ndash CloseCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Tuesday of Each MonthNote Buyer Group Meeting630 PM ndash 830 PM Olive Garden 2467 Cobb Parkway SE Smyrna GALeader Tom Boyerhttpnbgatlantareiacom
4th Thursday (Once Per Quarter)Beginning Investors Group Meeting (BIG)630 PM ndash 900 PMChef Robrsquos Caribbean Cafe 5920 Roswell Rd NE A117 Sandy Springs GALeader Alan McDonaldhttpbigatlantareiacom
4th Thursday of Each MonthCash Cows Commercial Group1130 AM ndash 100 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GAhttpcashcowsatlantareiacom
Meets at Various Times Each MonthCash Flow Players Group MeetingTo Be AnnouncedSecrets Factory 2030 Powers Ferry Rd SE 440 Atlanta GALeader Alan McDonaldhttpcashflowatlantareiacom
2nd Wednesday of Each MonthSpanish Investors Networking Group (SING)630 PM ndash 830 PMTaco Depot 4788 Sugarloaf Pkwy 107 Lawrenceville GALeader Michael Vazquezhttpsingatlantareiacom
2nd Wednesday of Each MonthI Love Marketing Group700 PM ndash 900 PMSocial Vinings 3621 Vinings Slope SE Atlanta GALeader Rock Shukoorhttpilmatlantareiacom
2nd Thursday of Each MonthAtlanta REIA South Meeting630 PM ndash 830 PMGiovannarsquos Italian Kitchen 1375 Virginia Ave East Point GALeader Reggie Jackson amp Gordon Cattshttpsouthatlantareiacom
2nd Thursday of Each MonthNorth Georgia REIA700pm - 900pmHilton Garden Inn Cartersville 24 Liberty Drive Cartersville GALeaders Bill amp Kim Cookhttpreioutpostcom
2nd Thursday (Once Per Quarter)Small Business Group (SBG)330 PM ndash 530 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Karen Bershadhttpsbgatlantareiacom
3rd Monday of Each MonthMovers amp Shakers Lunch Meeting1100 AM ndash 130 PM5 Seasons Brewing3655 Old Milton Parkway Alpharetta GALeader Gordon Cattshttpmoversandshakersatlantareiacom
3rd Tuesday of Each MonthGwinnett County Group (The Fish Club)700 PM ndash 900 PMRed Lobster2055 Pleasant Hill Rd Duluth GALeader Aaron McGinnishttpfishclubatlantareiacom
3rd Wednesday of Each MonthAtlanta REIA North Meeting630 PM ndash 830 PM1960 Skylar Hill Dr Suite D Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
February 4th 2013Atlanta REIA Main Meeting530 PM ndash 900 PM Crowne Plaza Ravinia Hotel4355 Ashford Dunwoody Atlanta GA Leader Dustin Griffinhttpmainatlantareiacom
1st Monday of Each MonthLate Nite Networking Dunwoody930 PM ndash Late NiteTilted Kilt 1155-B Mount Vernon Hwy Atlanta GALeader Lee Buddenhttpmainatlantareiacom
1st Monday (Once Per Quarter)Mobile Real Estate Rockstars Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Don DeRosahttprockstarsatlantareiacom
1st Monday (Once Per Quarter) Short Sale amp Foreclosure Group300 PM ndash 530 PMTotal Wine amp More124 Perimeter Center W Atlanta GALeader Bob Masseyhttpssfatlantareiacom
1st Monday (Once Per Quarter)Active Investors Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Gordon Catts
1st Tuesday of Each MonthMountain REIA630 PM ndash 900 PMGolden Corral 2025 Market Place Blvd Cumming GALeader Gordon Cattshttpmountainreiacom
1st Wednesday of Each MonthCreative Deal Structuring Group (CDS)700 PM ndash 900 PMWhitehall Tavern 2391 Peachtree Rd NE Atlanta GALeader Russ Hinerhttpcdsatlantareiacom
Every Thursday (Except Major Holidays)Have amp Wants Meeting130 PM - 330 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Joe Thompsonhttphavesandwantsatlantareiacom
Next Meeting March 28th
Next Game on Sat Feb 9th
Meets Monday Feb 4th
ATLANTA REIA CALENDAR OF EVENTSFEBRUARY 2013
SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
Movers amp Shakers1100am - 130pm
Gwinnett County Group (The Fish Club) 700pm ndash 900pm
I Love Marketing Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pm
Mountain REIA630pm ndash 900pm
Atlanta REIA MAIN MEETING with Bill Cook
530pm ndash 900pmMobile Real Estate Rockstars Group 300-500pm
Creative DealStructuring Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pmAtlanta REIA South Meeting630pm ndash 830pmNorth Georgia REIA700pm - 900pm
NEWSLETTER dESigN PRovidEd by
SNEAK PEEK FOR MARCHMAR 4 ATLANTA REIA MEETING
APR 1 ATLANTA REIA MEETING WITH JAY CONNER
APR 27 FULL DAY WORKSHOP WITH JAY CONNER amp RON LEGRAND
Haves amp Wants Meeting130pm - 330pm
Cash Cows Commercial Group1130am - 100pmHaves amp Wants Meeting130pm - 330pm
Atlanta REIA West Meeting630pm ndash 900pmLate Nite Networking Marietta900 PM ndash Close
Note Buyer Group Meeting 6300pm ndash 830pm
Atlanta REIA North Meeting630pm-830pmLate Nite Networking Buford900pm - Late
Grow Your Wealth With The Financial
Calculator Workshopwith Bill amp Kim Cook
900am - 500pmCartersville GA
Wealth Building Using Self-
Directed IRAswith Dyches Boddiford amp
Pete FortunatoAtlanta GA
- FB
- YT
- MU
- Button 34
- Button 72
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 24
Atlanta Real Estate Investors Alliance bull FEB 2013
How to Quickly Get 10 to 15 Good Rental Properties Paid For Free and Clear By Larry Harbolt
creative Financing is king
Larry Harbolt 727-420-4810LarryHarboltGmailcom
wwwLarryHarboltcom
wwwFacebookcomLarryHarbolt7
wwwTwittercomLarryHarbolt Larry Harbolt is the nationrsquos leading creative Seller Financing expert as well as a popular national real estate speaker and teacher whose time-
tested strategies and nuts and bolts teaching style has helped thousands of aspiring real estate entrepreneurs realize their financial dreams with little or no money and without the need for credit Larry has been successful creatively buying and selling real estate for over 30 years and has written numerous popular articles and real estate courses Larry also has been running a meetup group in St Petersburg FL for real estate investors for over 13 years
We are already in the second month of 2013 and I just had a conversation with one
of my students who wanted to know how to create wealth in the shortest possible pe-riod of time The following is my idea how wealth for any real estate investor can be created in the shortest period of time
Here is an example of how you can quickly achieve financial freedom and then wealth investing in real estate
For instance the first thing you need to do is buy 10 to 15 well selected income pro-ducing properties you are willing to keep long term as your retirement program and the base of your future wealth I personally love the thought of someone else having to go to work every day to earn money they give me in the form of rent each month that pays for my properties without me having to have a job or have to go to work every day Then once you have bought your 10 to 15 keeper rental houses in good neighborhoods with tenants who are pay-ing on time every month letrsquos say $1000 each month of which $520 goes for the monthly loan payment and after monthly expenses of property taxes property insur-ance a maintenance fund and a vacancy fund leaves you from the $1000 gross rent approximately $150 each month to put into your pocket Letrsquos say for each of your keeper rental properties you paid $88000 with very little money down and were able to get seller financing terms for 30 years
Then once you get those 10 to 15 houses free and clear with no debt each month you get to keep the entire $1000 from each house (less taxes and insurance and main-tenance costs) leaving you about $600 to $650 from each house each month Ten houses at $600 each equals $600000 each month paid directly to you to pay your bills Some of you might need 15
houses to achieve your goals If you have 15 houses x $600 net each month will give you $9000 per month income to cover your monthly expenses Once you have that much coming in each month you will have financial freedom but not yet wealth Wealth comes over time Let me show you how to get your properties free and clear in the shortest period of time
Getting Your 10 to 15 Houses Free and Clear In a Short
Period of Time
After you have your base of 10 to 15 houses bought then each year go out and buy an additional 10 to 15 houses The additional 10 to 15 houses you buy each year can be rehabbed and then sold If you were to take all of the profits from the sale of each of the additional 10 to 15 houses (after paying the taxes) and use the money you have left to pay off one or two of the loans on the houses you plan to keep and you did this over and over for a few years your base of rental properties would soon be com-pletely paid for and you would then have enough income coming in each month to be financially free
This is definitely a plausible and possible plan to become financially free in the short-est period of time Once you have done this you will then have more time and money to continue to buy even more houses sim-ply because you will have enough income each month coming in so you donrsquot have to go to a job you hate every day
Once all of your base of income produc-ing properties are completely paid for and are free and clear you will probably truly be a millionaire If you have 15 properties valued at $80000 that are free and clear your net worth will be $80000 X 15 = $1200000 Now you are wealthy
You Must Have a Wealth Building Strategy to Be
Successful
This is how true wealth is created over time People who only wholesale property for a living are not true investors -- they really have a job When a wholesaler buys a property and then passes it on to another person and they get paid a fee that money will be quickly spent and they then have to go out and find another property to whole-sale again so they can get another fee To me thatrsquos a job and I donrsquot want another job I want financial success
If you plan to be a successful real estate in-vestor and create the wealth you want it is going to be very important that you are able to recognize opportunity when it pres-ents itself It took me nearly 25 years to figure this out for myself and that is why I am sharing this information with you now so you can more quickly achieve financial freedom and your eventual wealth
Comment on this article online at httpatlantareiacomp=19032
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
Atlanta Real Estate Investors Alliance bull FEB 2013
Join our Mobile Real Estate Investor VIP ListJust text ATLAnTA to 404-996-1099Standard text message rates apply
Follow us online from your mobile phone at httpAtlantaREIAcom httpFacebookcomAtlantaREIA httpTwittercomAtlantaREIA httpYoutubecomAtlantaREIA httpMeetupcomAtlantaREIA
Want to stay plugged in and connected to Atlanta REIA from
your mobile device
Subscribe to The Profit Newsletter amp Email list at httpSubscribeAtlantaREIAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
For a Limited Time
Wersquore Sharing our Design Firm with our Advertisers
GROW YOUR BUSINESS TODAY placing an ad in The Profit and our design firm River City Consulting will design your ad for FREE Wersquoll also provide you with the digital file to use online and to have printed to use as promotional flyersMinimum 3-month Obligation
When yoursquore ready to get started call Christine Griffin at 678-701-7160 or email adminatlantareiacom
SEE THEIR WORK IN amp ON
AAttllaannttaa RREEIIAA MMeemmbbeerrsshhiipp AApppplliiccaattiioonn Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560
Atlanta REIA Use Only Member ____________ Exp Date ____________ ID Card Printed Sent _________
Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560 rev 1282011
Membership Plans - Choose a Membership Plan
Silver Membership for Individual $100year
Silver Membership for Couple $150year
Gold Membership for Individual $300year
Gold Membership for Couple $300year
Applicant Information - Please print clearly
Applicant 1 Applicant 2
Address
Phone 1 Phone 2
Email 1 Email 2
Sponsor (if applicable)
Payment Information - Please print clearly
Name on Card Total Amount $
Billing Address
Card Type Visa Master Card Discover American Express
Card Number Expiration Date Code
Terms of Sale Disclaimer amp Release The undersigned Applicant(s) hereafter called the Applicant understands and acknowledges that membership in the Atlanta Real Estate Investor Alliance hereafter called Atlanta REIA absolutely does NOT entitle nor make Applicant a legal member of Atlanta REIA LLC the company Applicant acknowledges that Atlanta REIA does not render legal tax economic or investment advice All programs are provided with the understanding that Atlanta REIA is not engaged in rendering legal tax or other professional services If legal tax or other expert assistance is required the services of a competent professional should be sought Atlanta REIA does not investigate its members nor vouch for nor make representation as to the honesty integrity reliability motives andor resources of its members officers directors employees agents and or contractors The Applicant in consideration for hisher acceptance as a member of Atlanta REIA hereby releases discharges and agrees to indemnify Atlanta REIA its officers directors members employees agents andor contractors from any liabilities now accrued or which may hereafter accrue from their actions inactions or communications made by Atlanta REIA andor officers directors members employees agents andor contractors in or through their respective capacities with Atlanta REIA Applicant agrees to comply with the terms and conditions described herein the Code of Ethics and any other terms described on our website at AtlantaREIAcom as well as any other Atlanta REIA rules and regulations Applicant agrees and acknowledges that Atlanta REIA may enforce these codes terms rules and regulations at its sole and absolute discretion and may terminate this membership at any time for any reason whatsoever Applicant grants to Atlanta REIA its representatives and employees the right to take photographs video or audio of Applicant and Applicants property Applicant authorizes Atlanta REIA its assigns and transferees to copyright use and publish the same in print andor electronically Applicant agrees that Atlanta REIA may use such photographs video and audio of Applicant with or without Applicants name and for any lawful purpose including but not limited to publicity illustration advertising and web content Applicant grants permission to Atlanta REIA to contact Applicant regarding membership and related business by phone fax email text message chat programs social networking automated voice broadcast dialers or any other means necessary By completing this application Applicant agrees to give Atlanta REIA permission to bill the credit card above for the membership plan selected above Applicant acknowledges and agrees that the term of membership is one (1) year and that billing for membership will be automatically renewed for one (1) year upon expiration at the then current membership rate and that the appropriate charges be applied to Applicants credit card on file Should Applicant decide to cancel membership a written notice of cancellation must be emailed faxed or sent via postal email to Atlanta REIA at the address email or fax below thirty (30) days prior to the next billing or renewal period Atlanta REIA must acknowledge receipt of this written cancellation notice for it to be valid Membership dues are NON-REFUNDABLE for any reason whatsoever Applicant promises NOT to initiate any refunds or credit card charge backs for these membership dues and related charges at any time Applicant agrees that Atlanta REIA may change the terms of this Agreement or its membership dues at any time by posting such changes to our website at AtlantaREIAcom By continuing membership Applicant agrees to be bound by such changes Applicant will send all written notifications to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 Fax 770-216-1560 Email noticesatlantareiacom With my signature I accept the Terms of Sale Disclaimer amp Release and I authorize Atlanta REIA LLC to charge my credit card for the membership plan above as well as total recurring amount shown I further acknowledge that these membership dues are non-refundable
Applicant 1 (sign) Applicant 2 (sign)
(print) (print)
Date Date
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 27
Atlanta Real Estate Investors Alliance bull FEB 2013
Atlanta REIA Meetings CalendarhttpAtlantaREIAcomMeetings
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
3rd Wednesday of Each MonthLate Nite Networking Buford900 PM ndash Late NiteTilted Kilt 3480 Financial Center Pkwy M1080 Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
3rd Thursday of Each MonthSavannah REIA630 PM ndash 900 PMGallery Espresso234 Bull St Savannah GALeader Aislee Jacksonhttpsavannahreiacom
4th Monday of Each MonthAtlanta REIA West Meeting630 PM ndash 900 PMCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Monday of Each MonthLate Nite Networking Marietta900 PM ndash CloseCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Tuesday of Each MonthNote Buyer Group Meeting630 PM ndash 830 PM Olive Garden 2467 Cobb Parkway SE Smyrna GALeader Tom Boyerhttpnbgatlantareiacom
4th Thursday (Once Per Quarter)Beginning Investors Group Meeting (BIG)630 PM ndash 900 PMChef Robrsquos Caribbean Cafe 5920 Roswell Rd NE A117 Sandy Springs GALeader Alan McDonaldhttpbigatlantareiacom
4th Thursday of Each MonthCash Cows Commercial Group1130 AM ndash 100 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GAhttpcashcowsatlantareiacom
Meets at Various Times Each MonthCash Flow Players Group MeetingTo Be AnnouncedSecrets Factory 2030 Powers Ferry Rd SE 440 Atlanta GALeader Alan McDonaldhttpcashflowatlantareiacom
2nd Wednesday of Each MonthSpanish Investors Networking Group (SING)630 PM ndash 830 PMTaco Depot 4788 Sugarloaf Pkwy 107 Lawrenceville GALeader Michael Vazquezhttpsingatlantareiacom
2nd Wednesday of Each MonthI Love Marketing Group700 PM ndash 900 PMSocial Vinings 3621 Vinings Slope SE Atlanta GALeader Rock Shukoorhttpilmatlantareiacom
2nd Thursday of Each MonthAtlanta REIA South Meeting630 PM ndash 830 PMGiovannarsquos Italian Kitchen 1375 Virginia Ave East Point GALeader Reggie Jackson amp Gordon Cattshttpsouthatlantareiacom
2nd Thursday of Each MonthNorth Georgia REIA700pm - 900pmHilton Garden Inn Cartersville 24 Liberty Drive Cartersville GALeaders Bill amp Kim Cookhttpreioutpostcom
2nd Thursday (Once Per Quarter)Small Business Group (SBG)330 PM ndash 530 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Karen Bershadhttpsbgatlantareiacom
3rd Monday of Each MonthMovers amp Shakers Lunch Meeting1100 AM ndash 130 PM5 Seasons Brewing3655 Old Milton Parkway Alpharetta GALeader Gordon Cattshttpmoversandshakersatlantareiacom
3rd Tuesday of Each MonthGwinnett County Group (The Fish Club)700 PM ndash 900 PMRed Lobster2055 Pleasant Hill Rd Duluth GALeader Aaron McGinnishttpfishclubatlantareiacom
3rd Wednesday of Each MonthAtlanta REIA North Meeting630 PM ndash 830 PM1960 Skylar Hill Dr Suite D Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
February 4th 2013Atlanta REIA Main Meeting530 PM ndash 900 PM Crowne Plaza Ravinia Hotel4355 Ashford Dunwoody Atlanta GA Leader Dustin Griffinhttpmainatlantareiacom
1st Monday of Each MonthLate Nite Networking Dunwoody930 PM ndash Late NiteTilted Kilt 1155-B Mount Vernon Hwy Atlanta GALeader Lee Buddenhttpmainatlantareiacom
1st Monday (Once Per Quarter)Mobile Real Estate Rockstars Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Don DeRosahttprockstarsatlantareiacom
1st Monday (Once Per Quarter) Short Sale amp Foreclosure Group300 PM ndash 530 PMTotal Wine amp More124 Perimeter Center W Atlanta GALeader Bob Masseyhttpssfatlantareiacom
1st Monday (Once Per Quarter)Active Investors Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Gordon Catts
1st Tuesday of Each MonthMountain REIA630 PM ndash 900 PMGolden Corral 2025 Market Place Blvd Cumming GALeader Gordon Cattshttpmountainreiacom
1st Wednesday of Each MonthCreative Deal Structuring Group (CDS)700 PM ndash 900 PMWhitehall Tavern 2391 Peachtree Rd NE Atlanta GALeader Russ Hinerhttpcdsatlantareiacom
Every Thursday (Except Major Holidays)Have amp Wants Meeting130 PM - 330 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Joe Thompsonhttphavesandwantsatlantareiacom
Next Meeting March 28th
Next Game on Sat Feb 9th
Meets Monday Feb 4th
ATLANTA REIA CALENDAR OF EVENTSFEBRUARY 2013
SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
Movers amp Shakers1100am - 130pm
Gwinnett County Group (The Fish Club) 700pm ndash 900pm
I Love Marketing Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pm
Mountain REIA630pm ndash 900pm
Atlanta REIA MAIN MEETING with Bill Cook
530pm ndash 900pmMobile Real Estate Rockstars Group 300-500pm
Creative DealStructuring Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pmAtlanta REIA South Meeting630pm ndash 830pmNorth Georgia REIA700pm - 900pm
NEWSLETTER dESigN PRovidEd by
SNEAK PEEK FOR MARCHMAR 4 ATLANTA REIA MEETING
APR 1 ATLANTA REIA MEETING WITH JAY CONNER
APR 27 FULL DAY WORKSHOP WITH JAY CONNER amp RON LEGRAND
Haves amp Wants Meeting130pm - 330pm
Cash Cows Commercial Group1130am - 100pmHaves amp Wants Meeting130pm - 330pm
Atlanta REIA West Meeting630pm ndash 900pmLate Nite Networking Marietta900 PM ndash Close
Note Buyer Group Meeting 6300pm ndash 830pm
Atlanta REIA North Meeting630pm-830pmLate Nite Networking Buford900pm - Late
Grow Your Wealth With The Financial
Calculator Workshopwith Bill amp Kim Cook
900am - 500pmCartersville GA
Wealth Building Using Self-
Directed IRAswith Dyches Boddiford amp
Pete FortunatoAtlanta GA
- FB
- YT
- MU
- Button 34
- Button 72
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
Atlanta Real Estate Investors Alliance bull FEB 2013
Join our Mobile Real Estate Investor VIP ListJust text ATLAnTA to 404-996-1099Standard text message rates apply
Follow us online from your mobile phone at httpAtlantaREIAcom httpFacebookcomAtlantaREIA httpTwittercomAtlantaREIA httpYoutubecomAtlantaREIA httpMeetupcomAtlantaREIA
Want to stay plugged in and connected to Atlanta REIA from
your mobile device
Subscribe to The Profit Newsletter amp Email list at httpSubscribeAtlantaREIAcom
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 25
For a Limited Time
Wersquore Sharing our Design Firm with our Advertisers
GROW YOUR BUSINESS TODAY placing an ad in The Profit and our design firm River City Consulting will design your ad for FREE Wersquoll also provide you with the digital file to use online and to have printed to use as promotional flyersMinimum 3-month Obligation
When yoursquore ready to get started call Christine Griffin at 678-701-7160 or email adminatlantareiacom
SEE THEIR WORK IN amp ON
AAttllaannttaa RREEIIAA MMeemmbbeerrsshhiipp AApppplliiccaattiioonn Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560
Atlanta REIA Use Only Member ____________ Exp Date ____________ ID Card Printed Sent _________
Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560 rev 1282011
Membership Plans - Choose a Membership Plan
Silver Membership for Individual $100year
Silver Membership for Couple $150year
Gold Membership for Individual $300year
Gold Membership for Couple $300year
Applicant Information - Please print clearly
Applicant 1 Applicant 2
Address
Phone 1 Phone 2
Email 1 Email 2
Sponsor (if applicable)
Payment Information - Please print clearly
Name on Card Total Amount $
Billing Address
Card Type Visa Master Card Discover American Express
Card Number Expiration Date Code
Terms of Sale Disclaimer amp Release The undersigned Applicant(s) hereafter called the Applicant understands and acknowledges that membership in the Atlanta Real Estate Investor Alliance hereafter called Atlanta REIA absolutely does NOT entitle nor make Applicant a legal member of Atlanta REIA LLC the company Applicant acknowledges that Atlanta REIA does not render legal tax economic or investment advice All programs are provided with the understanding that Atlanta REIA is not engaged in rendering legal tax or other professional services If legal tax or other expert assistance is required the services of a competent professional should be sought Atlanta REIA does not investigate its members nor vouch for nor make representation as to the honesty integrity reliability motives andor resources of its members officers directors employees agents and or contractors The Applicant in consideration for hisher acceptance as a member of Atlanta REIA hereby releases discharges and agrees to indemnify Atlanta REIA its officers directors members employees agents andor contractors from any liabilities now accrued or which may hereafter accrue from their actions inactions or communications made by Atlanta REIA andor officers directors members employees agents andor contractors in or through their respective capacities with Atlanta REIA Applicant agrees to comply with the terms and conditions described herein the Code of Ethics and any other terms described on our website at AtlantaREIAcom as well as any other Atlanta REIA rules and regulations Applicant agrees and acknowledges that Atlanta REIA may enforce these codes terms rules and regulations at its sole and absolute discretion and may terminate this membership at any time for any reason whatsoever Applicant grants to Atlanta REIA its representatives and employees the right to take photographs video or audio of Applicant and Applicants property Applicant authorizes Atlanta REIA its assigns and transferees to copyright use and publish the same in print andor electronically Applicant agrees that Atlanta REIA may use such photographs video and audio of Applicant with or without Applicants name and for any lawful purpose including but not limited to publicity illustration advertising and web content Applicant grants permission to Atlanta REIA to contact Applicant regarding membership and related business by phone fax email text message chat programs social networking automated voice broadcast dialers or any other means necessary By completing this application Applicant agrees to give Atlanta REIA permission to bill the credit card above for the membership plan selected above Applicant acknowledges and agrees that the term of membership is one (1) year and that billing for membership will be automatically renewed for one (1) year upon expiration at the then current membership rate and that the appropriate charges be applied to Applicants credit card on file Should Applicant decide to cancel membership a written notice of cancellation must be emailed faxed or sent via postal email to Atlanta REIA at the address email or fax below thirty (30) days prior to the next billing or renewal period Atlanta REIA must acknowledge receipt of this written cancellation notice for it to be valid Membership dues are NON-REFUNDABLE for any reason whatsoever Applicant promises NOT to initiate any refunds or credit card charge backs for these membership dues and related charges at any time Applicant agrees that Atlanta REIA may change the terms of this Agreement or its membership dues at any time by posting such changes to our website at AtlantaREIAcom By continuing membership Applicant agrees to be bound by such changes Applicant will send all written notifications to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 Fax 770-216-1560 Email noticesatlantareiacom With my signature I accept the Terms of Sale Disclaimer amp Release and I authorize Atlanta REIA LLC to charge my credit card for the membership plan above as well as total recurring amount shown I further acknowledge that these membership dues are non-refundable
Applicant 1 (sign) Applicant 2 (sign)
(print) (print)
Date Date
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 27
Atlanta Real Estate Investors Alliance bull FEB 2013
Atlanta REIA Meetings CalendarhttpAtlantaREIAcomMeetings
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
3rd Wednesday of Each MonthLate Nite Networking Buford900 PM ndash Late NiteTilted Kilt 3480 Financial Center Pkwy M1080 Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
3rd Thursday of Each MonthSavannah REIA630 PM ndash 900 PMGallery Espresso234 Bull St Savannah GALeader Aislee Jacksonhttpsavannahreiacom
4th Monday of Each MonthAtlanta REIA West Meeting630 PM ndash 900 PMCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Monday of Each MonthLate Nite Networking Marietta900 PM ndash CloseCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Tuesday of Each MonthNote Buyer Group Meeting630 PM ndash 830 PM Olive Garden 2467 Cobb Parkway SE Smyrna GALeader Tom Boyerhttpnbgatlantareiacom
4th Thursday (Once Per Quarter)Beginning Investors Group Meeting (BIG)630 PM ndash 900 PMChef Robrsquos Caribbean Cafe 5920 Roswell Rd NE A117 Sandy Springs GALeader Alan McDonaldhttpbigatlantareiacom
4th Thursday of Each MonthCash Cows Commercial Group1130 AM ndash 100 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GAhttpcashcowsatlantareiacom
Meets at Various Times Each MonthCash Flow Players Group MeetingTo Be AnnouncedSecrets Factory 2030 Powers Ferry Rd SE 440 Atlanta GALeader Alan McDonaldhttpcashflowatlantareiacom
2nd Wednesday of Each MonthSpanish Investors Networking Group (SING)630 PM ndash 830 PMTaco Depot 4788 Sugarloaf Pkwy 107 Lawrenceville GALeader Michael Vazquezhttpsingatlantareiacom
2nd Wednesday of Each MonthI Love Marketing Group700 PM ndash 900 PMSocial Vinings 3621 Vinings Slope SE Atlanta GALeader Rock Shukoorhttpilmatlantareiacom
2nd Thursday of Each MonthAtlanta REIA South Meeting630 PM ndash 830 PMGiovannarsquos Italian Kitchen 1375 Virginia Ave East Point GALeader Reggie Jackson amp Gordon Cattshttpsouthatlantareiacom
2nd Thursday of Each MonthNorth Georgia REIA700pm - 900pmHilton Garden Inn Cartersville 24 Liberty Drive Cartersville GALeaders Bill amp Kim Cookhttpreioutpostcom
2nd Thursday (Once Per Quarter)Small Business Group (SBG)330 PM ndash 530 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Karen Bershadhttpsbgatlantareiacom
3rd Monday of Each MonthMovers amp Shakers Lunch Meeting1100 AM ndash 130 PM5 Seasons Brewing3655 Old Milton Parkway Alpharetta GALeader Gordon Cattshttpmoversandshakersatlantareiacom
3rd Tuesday of Each MonthGwinnett County Group (The Fish Club)700 PM ndash 900 PMRed Lobster2055 Pleasant Hill Rd Duluth GALeader Aaron McGinnishttpfishclubatlantareiacom
3rd Wednesday of Each MonthAtlanta REIA North Meeting630 PM ndash 830 PM1960 Skylar Hill Dr Suite D Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
February 4th 2013Atlanta REIA Main Meeting530 PM ndash 900 PM Crowne Plaza Ravinia Hotel4355 Ashford Dunwoody Atlanta GA Leader Dustin Griffinhttpmainatlantareiacom
1st Monday of Each MonthLate Nite Networking Dunwoody930 PM ndash Late NiteTilted Kilt 1155-B Mount Vernon Hwy Atlanta GALeader Lee Buddenhttpmainatlantareiacom
1st Monday (Once Per Quarter)Mobile Real Estate Rockstars Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Don DeRosahttprockstarsatlantareiacom
1st Monday (Once Per Quarter) Short Sale amp Foreclosure Group300 PM ndash 530 PMTotal Wine amp More124 Perimeter Center W Atlanta GALeader Bob Masseyhttpssfatlantareiacom
1st Monday (Once Per Quarter)Active Investors Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Gordon Catts
1st Tuesday of Each MonthMountain REIA630 PM ndash 900 PMGolden Corral 2025 Market Place Blvd Cumming GALeader Gordon Cattshttpmountainreiacom
1st Wednesday of Each MonthCreative Deal Structuring Group (CDS)700 PM ndash 900 PMWhitehall Tavern 2391 Peachtree Rd NE Atlanta GALeader Russ Hinerhttpcdsatlantareiacom
Every Thursday (Except Major Holidays)Have amp Wants Meeting130 PM - 330 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Joe Thompsonhttphavesandwantsatlantareiacom
Next Meeting March 28th
Next Game on Sat Feb 9th
Meets Monday Feb 4th
ATLANTA REIA CALENDAR OF EVENTSFEBRUARY 2013
SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
Movers amp Shakers1100am - 130pm
Gwinnett County Group (The Fish Club) 700pm ndash 900pm
I Love Marketing Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pm
Mountain REIA630pm ndash 900pm
Atlanta REIA MAIN MEETING with Bill Cook
530pm ndash 900pmMobile Real Estate Rockstars Group 300-500pm
Creative DealStructuring Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pmAtlanta REIA South Meeting630pm ndash 830pmNorth Georgia REIA700pm - 900pm
NEWSLETTER dESigN PRovidEd by
SNEAK PEEK FOR MARCHMAR 4 ATLANTA REIA MEETING
APR 1 ATLANTA REIA MEETING WITH JAY CONNER
APR 27 FULL DAY WORKSHOP WITH JAY CONNER amp RON LEGRAND
Haves amp Wants Meeting130pm - 330pm
Cash Cows Commercial Group1130am - 100pmHaves amp Wants Meeting130pm - 330pm
Atlanta REIA West Meeting630pm ndash 900pmLate Nite Networking Marietta900 PM ndash Close
Note Buyer Group Meeting 6300pm ndash 830pm
Atlanta REIA North Meeting630pm-830pmLate Nite Networking Buford900pm - Late
Grow Your Wealth With The Financial
Calculator Workshopwith Bill amp Kim Cook
900am - 500pmCartersville GA
Wealth Building Using Self-
Directed IRAswith Dyches Boddiford amp
Pete FortunatoAtlanta GA
- FB
- YT
- MU
- Button 34
- Button 72
AAttllaannttaa RREEIIAA MMeemmbbeerrsshhiipp AApppplliiccaattiioonn Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560
Atlanta REIA Use Only Member ____________ Exp Date ____________ ID Card Printed Sent _________
Mail Application to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 or Fax to 770-216-1560 rev 1282011
Membership Plans - Choose a Membership Plan
Silver Membership for Individual $100year
Silver Membership for Couple $150year
Gold Membership for Individual $300year
Gold Membership for Couple $300year
Applicant Information - Please print clearly
Applicant 1 Applicant 2
Address
Phone 1 Phone 2
Email 1 Email 2
Sponsor (if applicable)
Payment Information - Please print clearly
Name on Card Total Amount $
Billing Address
Card Type Visa Master Card Discover American Express
Card Number Expiration Date Code
Terms of Sale Disclaimer amp Release The undersigned Applicant(s) hereafter called the Applicant understands and acknowledges that membership in the Atlanta Real Estate Investor Alliance hereafter called Atlanta REIA absolutely does NOT entitle nor make Applicant a legal member of Atlanta REIA LLC the company Applicant acknowledges that Atlanta REIA does not render legal tax economic or investment advice All programs are provided with the understanding that Atlanta REIA is not engaged in rendering legal tax or other professional services If legal tax or other expert assistance is required the services of a competent professional should be sought Atlanta REIA does not investigate its members nor vouch for nor make representation as to the honesty integrity reliability motives andor resources of its members officers directors employees agents and or contractors The Applicant in consideration for hisher acceptance as a member of Atlanta REIA hereby releases discharges and agrees to indemnify Atlanta REIA its officers directors members employees agents andor contractors from any liabilities now accrued or which may hereafter accrue from their actions inactions or communications made by Atlanta REIA andor officers directors members employees agents andor contractors in or through their respective capacities with Atlanta REIA Applicant agrees to comply with the terms and conditions described herein the Code of Ethics and any other terms described on our website at AtlantaREIAcom as well as any other Atlanta REIA rules and regulations Applicant agrees and acknowledges that Atlanta REIA may enforce these codes terms rules and regulations at its sole and absolute discretion and may terminate this membership at any time for any reason whatsoever Applicant grants to Atlanta REIA its representatives and employees the right to take photographs video or audio of Applicant and Applicants property Applicant authorizes Atlanta REIA its assigns and transferees to copyright use and publish the same in print andor electronically Applicant agrees that Atlanta REIA may use such photographs video and audio of Applicant with or without Applicants name and for any lawful purpose including but not limited to publicity illustration advertising and web content Applicant grants permission to Atlanta REIA to contact Applicant regarding membership and related business by phone fax email text message chat programs social networking automated voice broadcast dialers or any other means necessary By completing this application Applicant agrees to give Atlanta REIA permission to bill the credit card above for the membership plan selected above Applicant acknowledges and agrees that the term of membership is one (1) year and that billing for membership will be automatically renewed for one (1) year upon expiration at the then current membership rate and that the appropriate charges be applied to Applicants credit card on file Should Applicant decide to cancel membership a written notice of cancellation must be emailed faxed or sent via postal email to Atlanta REIA at the address email or fax below thirty (30) days prior to the next billing or renewal period Atlanta REIA must acknowledge receipt of this written cancellation notice for it to be valid Membership dues are NON-REFUNDABLE for any reason whatsoever Applicant promises NOT to initiate any refunds or credit card charge backs for these membership dues and related charges at any time Applicant agrees that Atlanta REIA may change the terms of this Agreement or its membership dues at any time by posting such changes to our website at AtlantaREIAcom By continuing membership Applicant agrees to be bound by such changes Applicant will send all written notifications to Atlanta REIA 2700 Braselton Hwy Suite10-183 Dacula GA 30019 Fax 770-216-1560 Email noticesatlantareiacom With my signature I accept the Terms of Sale Disclaimer amp Release and I authorize Atlanta REIA LLC to charge my credit card for the membership plan above as well as total recurring amount shown I further acknowledge that these membership dues are non-refundable
Applicant 1 (sign) Applicant 2 (sign)
(print) (print)
Date Date
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 27
Atlanta Real Estate Investors Alliance bull FEB 2013
Atlanta REIA Meetings CalendarhttpAtlantaREIAcomMeetings
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
3rd Wednesday of Each MonthLate Nite Networking Buford900 PM ndash Late NiteTilted Kilt 3480 Financial Center Pkwy M1080 Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
3rd Thursday of Each MonthSavannah REIA630 PM ndash 900 PMGallery Espresso234 Bull St Savannah GALeader Aislee Jacksonhttpsavannahreiacom
4th Monday of Each MonthAtlanta REIA West Meeting630 PM ndash 900 PMCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Monday of Each MonthLate Nite Networking Marietta900 PM ndash CloseCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Tuesday of Each MonthNote Buyer Group Meeting630 PM ndash 830 PM Olive Garden 2467 Cobb Parkway SE Smyrna GALeader Tom Boyerhttpnbgatlantareiacom
4th Thursday (Once Per Quarter)Beginning Investors Group Meeting (BIG)630 PM ndash 900 PMChef Robrsquos Caribbean Cafe 5920 Roswell Rd NE A117 Sandy Springs GALeader Alan McDonaldhttpbigatlantareiacom
4th Thursday of Each MonthCash Cows Commercial Group1130 AM ndash 100 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GAhttpcashcowsatlantareiacom
Meets at Various Times Each MonthCash Flow Players Group MeetingTo Be AnnouncedSecrets Factory 2030 Powers Ferry Rd SE 440 Atlanta GALeader Alan McDonaldhttpcashflowatlantareiacom
2nd Wednesday of Each MonthSpanish Investors Networking Group (SING)630 PM ndash 830 PMTaco Depot 4788 Sugarloaf Pkwy 107 Lawrenceville GALeader Michael Vazquezhttpsingatlantareiacom
2nd Wednesday of Each MonthI Love Marketing Group700 PM ndash 900 PMSocial Vinings 3621 Vinings Slope SE Atlanta GALeader Rock Shukoorhttpilmatlantareiacom
2nd Thursday of Each MonthAtlanta REIA South Meeting630 PM ndash 830 PMGiovannarsquos Italian Kitchen 1375 Virginia Ave East Point GALeader Reggie Jackson amp Gordon Cattshttpsouthatlantareiacom
2nd Thursday of Each MonthNorth Georgia REIA700pm - 900pmHilton Garden Inn Cartersville 24 Liberty Drive Cartersville GALeaders Bill amp Kim Cookhttpreioutpostcom
2nd Thursday (Once Per Quarter)Small Business Group (SBG)330 PM ndash 530 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Karen Bershadhttpsbgatlantareiacom
3rd Monday of Each MonthMovers amp Shakers Lunch Meeting1100 AM ndash 130 PM5 Seasons Brewing3655 Old Milton Parkway Alpharetta GALeader Gordon Cattshttpmoversandshakersatlantareiacom
3rd Tuesday of Each MonthGwinnett County Group (The Fish Club)700 PM ndash 900 PMRed Lobster2055 Pleasant Hill Rd Duluth GALeader Aaron McGinnishttpfishclubatlantareiacom
3rd Wednesday of Each MonthAtlanta REIA North Meeting630 PM ndash 830 PM1960 Skylar Hill Dr Suite D Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
February 4th 2013Atlanta REIA Main Meeting530 PM ndash 900 PM Crowne Plaza Ravinia Hotel4355 Ashford Dunwoody Atlanta GA Leader Dustin Griffinhttpmainatlantareiacom
1st Monday of Each MonthLate Nite Networking Dunwoody930 PM ndash Late NiteTilted Kilt 1155-B Mount Vernon Hwy Atlanta GALeader Lee Buddenhttpmainatlantareiacom
1st Monday (Once Per Quarter)Mobile Real Estate Rockstars Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Don DeRosahttprockstarsatlantareiacom
1st Monday (Once Per Quarter) Short Sale amp Foreclosure Group300 PM ndash 530 PMTotal Wine amp More124 Perimeter Center W Atlanta GALeader Bob Masseyhttpssfatlantareiacom
1st Monday (Once Per Quarter)Active Investors Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Gordon Catts
1st Tuesday of Each MonthMountain REIA630 PM ndash 900 PMGolden Corral 2025 Market Place Blvd Cumming GALeader Gordon Cattshttpmountainreiacom
1st Wednesday of Each MonthCreative Deal Structuring Group (CDS)700 PM ndash 900 PMWhitehall Tavern 2391 Peachtree Rd NE Atlanta GALeader Russ Hinerhttpcdsatlantareiacom
Every Thursday (Except Major Holidays)Have amp Wants Meeting130 PM - 330 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Joe Thompsonhttphavesandwantsatlantareiacom
Next Meeting March 28th
Next Game on Sat Feb 9th
Meets Monday Feb 4th
ATLANTA REIA CALENDAR OF EVENTSFEBRUARY 2013
SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
Movers amp Shakers1100am - 130pm
Gwinnett County Group (The Fish Club) 700pm ndash 900pm
I Love Marketing Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pm
Mountain REIA630pm ndash 900pm
Atlanta REIA MAIN MEETING with Bill Cook
530pm ndash 900pmMobile Real Estate Rockstars Group 300-500pm
Creative DealStructuring Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pmAtlanta REIA South Meeting630pm ndash 830pmNorth Georgia REIA700pm - 900pm
NEWSLETTER dESigN PRovidEd by
SNEAK PEEK FOR MARCHMAR 4 ATLANTA REIA MEETING
APR 1 ATLANTA REIA MEETING WITH JAY CONNER
APR 27 FULL DAY WORKSHOP WITH JAY CONNER amp RON LEGRAND
Haves amp Wants Meeting130pm - 330pm
Cash Cows Commercial Group1130am - 100pmHaves amp Wants Meeting130pm - 330pm
Atlanta REIA West Meeting630pm ndash 900pmLate Nite Networking Marietta900 PM ndash Close
Note Buyer Group Meeting 6300pm ndash 830pm
Atlanta REIA North Meeting630pm-830pmLate Nite Networking Buford900pm - Late
Grow Your Wealth With The Financial
Calculator Workshopwith Bill amp Kim Cook
900am - 500pmCartersville GA
Wealth Building Using Self-
Directed IRAswith Dyches Boddiford amp
Pete FortunatoAtlanta GA
- FB
- YT
- MU
- Button 34
- Button 72
copy 2013 Atlanta REIA LLC All Rights Reserved Quotation and reprint are not allowed without written permission of the publisher httpAtlantaREIAcom 27
Atlanta Real Estate Investors Alliance bull FEB 2013
Atlanta REIA Meetings CalendarhttpAtlantaREIAcomMeetings
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
3rd Wednesday of Each MonthLate Nite Networking Buford900 PM ndash Late NiteTilted Kilt 3480 Financial Center Pkwy M1080 Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
3rd Thursday of Each MonthSavannah REIA630 PM ndash 900 PMGallery Espresso234 Bull St Savannah GALeader Aislee Jacksonhttpsavannahreiacom
4th Monday of Each MonthAtlanta REIA West Meeting630 PM ndash 900 PMCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Monday of Each MonthLate Nite Networking Marietta900 PM ndash CloseCherokee Cattle Company 2710 Canton Rd Marietta GALeader Leslie Mathishttpwestatlantareiacom
4th Tuesday of Each MonthNote Buyer Group Meeting630 PM ndash 830 PM Olive Garden 2467 Cobb Parkway SE Smyrna GALeader Tom Boyerhttpnbgatlantareiacom
4th Thursday (Once Per Quarter)Beginning Investors Group Meeting (BIG)630 PM ndash 900 PMChef Robrsquos Caribbean Cafe 5920 Roswell Rd NE A117 Sandy Springs GALeader Alan McDonaldhttpbigatlantareiacom
4th Thursday of Each MonthCash Cows Commercial Group1130 AM ndash 100 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GAhttpcashcowsatlantareiacom
Meets at Various Times Each MonthCash Flow Players Group MeetingTo Be AnnouncedSecrets Factory 2030 Powers Ferry Rd SE 440 Atlanta GALeader Alan McDonaldhttpcashflowatlantareiacom
2nd Wednesday of Each MonthSpanish Investors Networking Group (SING)630 PM ndash 830 PMTaco Depot 4788 Sugarloaf Pkwy 107 Lawrenceville GALeader Michael Vazquezhttpsingatlantareiacom
2nd Wednesday of Each MonthI Love Marketing Group700 PM ndash 900 PMSocial Vinings 3621 Vinings Slope SE Atlanta GALeader Rock Shukoorhttpilmatlantareiacom
2nd Thursday of Each MonthAtlanta REIA South Meeting630 PM ndash 830 PMGiovannarsquos Italian Kitchen 1375 Virginia Ave East Point GALeader Reggie Jackson amp Gordon Cattshttpsouthatlantareiacom
2nd Thursday of Each MonthNorth Georgia REIA700pm - 900pmHilton Garden Inn Cartersville 24 Liberty Drive Cartersville GALeaders Bill amp Kim Cookhttpreioutpostcom
2nd Thursday (Once Per Quarter)Small Business Group (SBG)330 PM ndash 530 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Karen Bershadhttpsbgatlantareiacom
3rd Monday of Each MonthMovers amp Shakers Lunch Meeting1100 AM ndash 130 PM5 Seasons Brewing3655 Old Milton Parkway Alpharetta GALeader Gordon Cattshttpmoversandshakersatlantareiacom
3rd Tuesday of Each MonthGwinnett County Group (The Fish Club)700 PM ndash 900 PMRed Lobster2055 Pleasant Hill Rd Duluth GALeader Aaron McGinnishttpfishclubatlantareiacom
3rd Wednesday of Each MonthAtlanta REIA North Meeting630 PM ndash 830 PM1960 Skylar Hill Dr Suite D Buford GALeader Dustin Griffin amp Gordon Cattshttpnorthatlantareiacom
February 4th 2013Atlanta REIA Main Meeting530 PM ndash 900 PM Crowne Plaza Ravinia Hotel4355 Ashford Dunwoody Atlanta GA Leader Dustin Griffinhttpmainatlantareiacom
1st Monday of Each MonthLate Nite Networking Dunwoody930 PM ndash Late NiteTilted Kilt 1155-B Mount Vernon Hwy Atlanta GALeader Lee Buddenhttpmainatlantareiacom
1st Monday (Once Per Quarter)Mobile Real Estate Rockstars Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Don DeRosahttprockstarsatlantareiacom
1st Monday (Once Per Quarter) Short Sale amp Foreclosure Group300 PM ndash 530 PMTotal Wine amp More124 Perimeter Center W Atlanta GALeader Bob Masseyhttpssfatlantareiacom
1st Monday (Once Per Quarter)Active Investors Group300 PM ndash 530 PMTotal Wine amp More 124 Perimeter Center W Atlanta GALeader Gordon Catts
1st Tuesday of Each MonthMountain REIA630 PM ndash 900 PMGolden Corral 2025 Market Place Blvd Cumming GALeader Gordon Cattshttpmountainreiacom
1st Wednesday of Each MonthCreative Deal Structuring Group (CDS)700 PM ndash 900 PMWhitehall Tavern 2391 Peachtree Rd NE Atlanta GALeader Russ Hinerhttpcdsatlantareiacom
Every Thursday (Except Major Holidays)Have amp Wants Meeting130 PM - 330 PM5 Seasons Brewing 5600 Roswell Rd Sandy Springs GALeader Joe Thompsonhttphavesandwantsatlantareiacom
Next Meeting March 28th
Next Game on Sat Feb 9th
Meets Monday Feb 4th
ATLANTA REIA CALENDAR OF EVENTSFEBRUARY 2013
SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
Movers amp Shakers1100am - 130pm
Gwinnett County Group (The Fish Club) 700pm ndash 900pm
I Love Marketing Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pm
Mountain REIA630pm ndash 900pm
Atlanta REIA MAIN MEETING with Bill Cook
530pm ndash 900pmMobile Real Estate Rockstars Group 300-500pm
Creative DealStructuring Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pmAtlanta REIA South Meeting630pm ndash 830pmNorth Georgia REIA700pm - 900pm
NEWSLETTER dESigN PRovidEd by
SNEAK PEEK FOR MARCHMAR 4 ATLANTA REIA MEETING
APR 1 ATLANTA REIA MEETING WITH JAY CONNER
APR 27 FULL DAY WORKSHOP WITH JAY CONNER amp RON LEGRAND
Haves amp Wants Meeting130pm - 330pm
Cash Cows Commercial Group1130am - 100pmHaves amp Wants Meeting130pm - 330pm
Atlanta REIA West Meeting630pm ndash 900pmLate Nite Networking Marietta900 PM ndash Close
Note Buyer Group Meeting 6300pm ndash 830pm
Atlanta REIA North Meeting630pm-830pmLate Nite Networking Buford900pm - Late
Grow Your Wealth With The Financial
Calculator Workshopwith Bill amp Kim Cook
900am - 500pmCartersville GA
Wealth Building Using Self-
Directed IRAswith Dyches Boddiford amp
Pete FortunatoAtlanta GA
- FB
- YT
- MU
- Button 34
- Button 72
ATLANTA REIA CALENDAR OF EVENTSFEBRUARY 2013
SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28
PLEASE noTE This schedule is subject to change Visit httpAtlantaREIAcomCalendar for the most current schedule
Movers amp Shakers1100am - 130pm
Gwinnett County Group (The Fish Club) 700pm ndash 900pm
I Love Marketing Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pm
Mountain REIA630pm ndash 900pm
Atlanta REIA MAIN MEETING with Bill Cook
530pm ndash 900pmMobile Real Estate Rockstars Group 300-500pm
Creative DealStructuring Group700pm ndash 900pm
Haves amp Wants Meeting130pm - 330pmAtlanta REIA South Meeting630pm ndash 830pmNorth Georgia REIA700pm - 900pm
NEWSLETTER dESigN PRovidEd by
SNEAK PEEK FOR MARCHMAR 4 ATLANTA REIA MEETING
APR 1 ATLANTA REIA MEETING WITH JAY CONNER
APR 27 FULL DAY WORKSHOP WITH JAY CONNER amp RON LEGRAND
Haves amp Wants Meeting130pm - 330pm
Cash Cows Commercial Group1130am - 100pmHaves amp Wants Meeting130pm - 330pm
Atlanta REIA West Meeting630pm ndash 900pmLate Nite Networking Marietta900 PM ndash Close
Note Buyer Group Meeting 6300pm ndash 830pm
Atlanta REIA North Meeting630pm-830pmLate Nite Networking Buford900pm - Late
Grow Your Wealth With The Financial
Calculator Workshopwith Bill amp Kim Cook
900am - 500pmCartersville GA
Wealth Building Using Self-
Directed IRAswith Dyches Boddiford amp
Pete FortunatoAtlanta GA
- FB
- YT
- MU
- Button 34
- Button 72
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