volume 12, issue 11 november & december 2009...volume 12, issue 11 november & december 2009...

InvestorMetrolina

NOVEMBER & DECEMBER 2009VOLUME 12, ISSUE 11

Metrolina REIA Winner of the 2009 National REIA Award of Excellence www.MetrolinaREIA.org

November’s Main Meeting presents

Volunteer & Vendor Recognition and Real Estate Investor Stories

for Amusement and Education!

We have an exciting venue to bring you for our November Main Meeting!

We will be recognizing our outstanding vendor members and volunteers for the year 2009, as well as delivering you some hard-hitting, non-commercialized, real-estate specific information.

As a particularly interesting and fun Holiday “twist”, we will be having several experienced real estate investors tell a story about the funniest thing that’s ever happened to them while involved in a real estate deal. The educational compo-nent will be contained within, but the method of delivery is sure to have you full of holiday cheer and good tidings for all!

Main Meeting: Thursday, Nov. 19th,

at the Hilton on Tyvola & I-77

• Networking Starts at 6:00pm

• Main Meeting: 7:00–9:00pm

IS YOUR PROFILE UP-to-DATEon the Metrolina REIA Website?

Your membership is important to us. To get the most out of the Metrolina REIA, please to log on to our website and

update your profile. Go to www.MetrolinaREIA.org and here’s the instructions:

1st click on Members on the left side of the page in the grey area - the one on the bottom. That will take you to the

log in page. Update your information and add your photo.

It is very important for us to have up-to-date info on each and every one of our members so we can communicate

with you on all of the upcoming events and news.

If you don’t have your log in info email

Kimberly Shelton at [email protected].

2 www.MetrolinaREIA.org

Metrolina Investoris a Publication of

Metrolina Real Estate Investors Association

122 W. Woodlawn Rd., Suite D-101Charlotte, NC 28217

(704) 523-1570www.MetrolinaREIA.org

Executive DirectorJC Underwood

President: Tom Latimer [email protected]

Vice President: Tim Spyridon [email protected]

Secretary: Sherry Fredenberg [email protected]

Treasurer: Ki Shin [email protected]

Board MembersDonna BordeauxCherrathee HagerLeon HumphreyTyler McCracken

Jay ParkerDoug DeShieldsKimberly Shelton

Metrolina REIA Board is run by volunteers who are committed to the mission of the Metrolina REIA. Elections are held annually each November.

Newsletter Design and ProductionRaynell Swanson

[email protected]

The mission of the Metrolina Real Estate Investors Association (Metrolina REIA) is to actively promote wealth building with real estate through education, mentoring and networking. The Metrolina REIA is dedicated to helping it’s membership excel in the real estate investment arena in Charlotte, NC and the surrounding Metrolina area.

The Metrolina Real Estate Investors Association, Inc. is a professional organization dedicated to providing networking, and education programs for real estate investors.

The information presented at our meetings, on our website, and in our publications should not be construed as legal or tax advice. Legal advice should be obtained from an attorney. Tax advice should be sought from tax professionals.

The Metrolina REIA exists to expose its members to ideas that may be beneficial as they plan their business. We do not render legal, tax, or investment advice except in educational discussions and disclaim all liability for the actions or inactions taken or not taken as a result of communications from and/or to its members, officers, directors, and any employee.

The opinions expressed by the speakers and published articles are not necessarily those of Metrolina REIA.

Each individual should consult their own counsel, accountant, and other advisors as to legal, tax, investment, and economic matters concerning

real estate and other investments.

REIACharlotte, NC

Declaration of Metrolina REIA

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For more information about vendor membership, advertising and reserving ad space contact: Deanna Valeo,

Vendor membership Chairperson at 704-366-7711 office •

704-488-1421 mobile • [email protected]

AdvE

rtis

ing

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s

Metrolina REIA Winner of the 2009 National REIA Award of Excellence 3

ARROW DISPOSAL Inc.Serving the Central North Carolina Area Since 2000

SAME DAY SERVICEDelivery or pickup in most of the greater

Charlotte and surrounding areas.

DUMPSTERS10, 15, & 20 yard cans available — Open tops, Roll-offs

Containers with walk-in gate for easy accessGreat for Do-It Yourselfers • Large or Small Remodels

Garage / Attic / House / Yard Clean-outs • Roof tear-offs

OWNER ANSWERS ALL CALLS

7 0 4 . 4 6 7 . 7 7 4 4w w w. A r r o w D i s p o s a l . c o m


Suppor t Our Vendor Members! 1031 excHaNge accoMModatorS1031 Exchange Services, LLCAmy WalshPhone: 864-234-9926

accouNTINgBordeaux & Bordeaux, Certified Public AccountantsChadwick Bordeaux, CPADonna Bordeaux, CPAPhone: 704-752-9845www.yourcpapartners.com/ Smith and Shin, Certified Public Accountants, LLCBrandon Smith, CPA, MBAKi Shin, CPAPhone: 864-322-8995www.smithandshin.net

BUILdING SUPPLIESSurplus Warehouse5249 Central AvenueJoe HayesPhone: 704-567-7880www.surplus-warehouse.comwww.ecbarton.com

coNtractorSMDS Fence & PaintGary R. JonesPhone: 704-819-5907

Mr. Sandless - CharlotteAshley Allen Phone: 704-231-5311www.mrsandless.com dISPoSaL SErvIcESArrow Disposal, Inc.Jerry FrakesPhone: 704-467-7744www.arrowdisposal.com

eDucaTIoNNational REIARebecca McLeanPhone: 859-261-3335www.nationalreia.com

INforMatIoN SErvIcESCourthouse Retrieval SystemRon Ayers 704-526-9599 www.crsdata.com

INSUraNcELarry Hale InsuranceLarry HalePhone: 704-847-4500www.larryhaleinsurance.com

State Farm InsuranceChad HannonPhone: (704) 882-3855Mobile: (704) 249-5836www.chadhannon.com

LEaSE - oPtIoN ProGraMSEquitable Home SolutionsRick Hurd704-771-5263

MortGaGE LENdErSCunningham & Company/ The Valeo-Croy TeamDeanna Valeo and Todd CroyPhone: 704 488-1421www.valeocroyteam.com

ProPErty MaNaGEMENtCLT Property ManagementAllon Thompson, GRI, PHPCharles Lamere, BrokerPhone: 704-529-RENT (7368)

Henderson PropertiesPhillip HendersonPhone: 704-535-1122www.hendersonproperties.com/

rEaL EStatE aGENtS/BroKErSElite Buyer AgentsScott PattersonPhone: 704-334-2100www.elitebuyeragents.com

Genesis Realty CompanyGewn and John ChubirkoPhone: 704-933-5000

rEaL EStatE aGENtS/BroKErSHP United RealtyLee [email protected]

Materna Gray Real EstateJeff MaternaPhone: 704-503-3409 www.maternagray.com

QuickMLS Realty, LLCCarmen CunhaPhone: 803-746-4841

rEaL EStatE WHoLESaLErSPerry/Warren PropertiesMichael PerryPhone: 704-791-6896

rESIdENtIaL & coMMerIcal cleaNINgMarr Clean CorporationMaria RamirezPhone: 704-556-7840

SELf-dIrEctEd IrasEntrust Carolinas, LLCSean McKayPhone: 828- 257-4949


Are you maximizing your time as a real estate inves-tor? Time is money in any business, and nothing is clos-er to the truth than within the real estate niche. While you could certainly attempt to manage all components of your business on your own, you may be spreading yourself too thin, causing you to lose sight of the most important end goal- revenue generation.

Leverage a real estate management company to focus on your investment property needs on a day to day ba-sis, and watch your overall bottom line increase despite the added cost to hire the group of professionals.

Here are the primary benefits of hiring a real estate management company:

• Time Savings — A real estate management com-pany will work to address maintenance issues, tenant issues and the overall daily management of your invest-ment property, allowing you to focus on what you do best, managing the business.

• Added Expertise — In many cases, issues that arise regarding your investment properties will require

you to tap the experience or expertise of other profes-sionals. Searching for qualified professionals will not only take time on your part, but will require you to learn basic fundamentals of property management. Hiring a professional real estate management company will allow you to leverage their expertise to address any and all property and tenant issues on your behalf.

• Up to Date — A real estate management company will work to ensure that your investment business is in compliance with all applicable state and federal laws for your property. And, the company will work to help you organize your business affairs, making tax time simple and easy for your business.

These are only a few of the benefits of hiring a real estate management company to partner with you. If real estate investing is your business, leverage the exper-tise of others in order to take your business to the next level.

The Benefits of Hiring a Real Estate Management Companyby David Lindahl


• Full Service Property Management & much more! • Competitive Rates • Residential & Commercial

Contact us today for details!

CLT PROPERTYM ANAGEMEN T

704-529-RENT (7368)[email protected]

122 W Woodlawn Rd., Ste. D108 • Charlotte, NC 28217


Photos from National REIA

NATIONAL REIA AWARD OF

EXCELLENCE!

Photo L to R: JC Underwood, Cherrathee Hager, Kimberly Shelton,and Doug DeShields

Our Executive Director, JC Underwood receiving the award


It amazes me how many people get started in real estate investing, only to fail when the going gets tough. As soon as someone discovers they can’t get rich in a week or two, they are on to the next “hidden guru” secret. It’s the same as weight loss - everyone talks about it, many try it, but few succeed. There are thousands of “get rich quick” and “get slim quick” gimmicks. No wonder both the real estate investing informa-tion and weight loss products industries make BILLIONS!

Weight loss isn’t easy... ask anyone who has tried it. Howev-er, the concept of weight loss is very basic - burn more calories than you ingest and your body will react accordingly. Unless you have a medical disorder, this formula works for just about anyone. Simple as it may be, the formula is HARD, meaning it takes a lot of DISCIPLINE AND HARD WORK. So, the weight loss industry has offered us thousands of ways to make it easier. Many of these solutions do work, but they only work if you put forth effort.

Now, let’s start with the premise you don’t need any of these “solutions” to make real estate OR weight loss work for you. You can eat less calories, go walking or jogging every day and you will lose weight. But, having knowledge of the caloric con-tent of different foods is relevant. Also, for many people, know-ing the carbohydrate content is relevant. Having the advice of a physician, dietician and personal trainer will help you prevent injuries and maximum your effort.

Same principle applies to real estate; you can go out and make hundreds of offers to motivated sellers and find a good deal. However, having information about how to solve the sell-er’s needs and construct an offer will help. Having an attorney, real estate agent or “guru” to assist you with constructing the offer and the paperwork will make it easier. Having advice from other people who have already done hundreds of deals will also make it easier for you to learn from other people’s success (and failures). However, whether it’s weight loss or real estate, the bottom line is not just knowing, but DOING. You can’t blame the diet if you don’t stick to it. Many people have successfully lost weight using WEIGHT WATCHERS, ATKINS and other similar plans. Many people have succeeded with the famous “guru” plans, but many have failed, likely because they didn’t give the required effort, NOT because the plan isn’t effective.

Both real estate investing business and weight loss are sim-ple, but neither is easy. It takes a lot of work. Having a proven “system” or plan helps, but only if you stick to it. If the diet plan says, “exercise 3x times per week”, you can’t be sloppy about it and expect results. It’s like the people reading a book on the treadmill at the gym - if you can read a book, you’re not working HARD ENOUGH. Likewise, people call newspaper ads and say “hey, you wouldn’t want to sell me your house cheap,

would you?” This is not DOING it is TRYING. You have to give 100% to a particular plan or formula before you say, “this stuff doesn’t work.”

Many people who are interested in weight loss join a gym or hire a personal trainer. From personal experience, I can say that both are great for weight loss. But, the weeks I didn’t show up, it was a BIG WASTE OF MONEY! The same thing goes for a real estate training system or mentor program - if you don’t put forth any effort, it won’t work! And, of course, you’ll likely get bitter about all the money you spent and blame the guru. After all, it can’t be YOUR fault!

That brings us to another topic - the “scam” side of the real estate and weight loss business. Sure, the “magic pills” that melt off fat are probably a scam. These snake oil salesman are offering the lazy and desperate people a solution - no work and results. Hah! If you bought into this scam you deserve to be parted from your money. Likewise, any real estate guru who promises riches with no work is also a scam. My favorite promise is “no selling involved” - that’s the biggest lie ever told. No business can be successful without a certain amount of selling of their product or service to customers - period! So, while there is a dark side to the weight loss and real estate investing information businesses, I assert that most people fail at both because of their own lack of action, not the fault of the “systems.” If you aren’t willing to work, another weight loss program or real estate seminar won’t get you any more results than you are currently getting - save your money and take MORE CONSISTENT ACTION with what you are currently doing.

However, if you are willing to work hard and take a lot of consistent action, a guru or program will likely give you more results. If you bought a book, course or program and already have results, another program, course or book will likely give you tools to get MORE RESULTS. I often hear about successes people have with my real estate programs, but a lot of them are not FIRST TIME successes. They are most often people who have already been successful, and, using my tools, became MORE successful. If someone asks me whether my program will make them successful, I ask, “what other programs have you bought?” If they have already spend thousands on other programs and have done NOTHING, I discourage them from buying mine. These people are looking for the elusive “holy grail” that all the other programs left out. More than likely, the missing element is lack of action on their part.

If you aren’t willing to take action on a massive scale, you won’t get more results by buying more products. If you have the discipline to work hard and take consistent action, then prod-ucts and services will help you get there faster. Whether you are looking to get rich or lose weight, the bottom line is YOU!

Real Estate Investing is Just Like Weight Loss... It Takes a lot of effort on your part (but a guru or two can help)

by Attorney Wm. Bronchick

Advanced InvestorMeets 3rd Thurs. – 9:00 amJonathan’s Restaurant10630 Independence Pointe Pkwy., Matthews, NCContact: Chuck Wiedenhoeft 704-236-1130

Charlotte Landlord Association Meets 2nd Wed. – 6:00 pmMetrolina REIA Conf. Center122 W. Woodlawn Ave., Charlotte — Turn in between IHOP & Tres PesosContact: Allon Thompson 704-364-8966

Lake NormanMeets 1st Tues. – 6:30 pmAcropolis Restaurant 20659 Catawba Ave. Cornelius, NCContact: Mitch Young704-421-5950

MatthewsMeets Every Tues. – 6:00 pmJonathan’s Restaurant10630 Independence Pointe Pkwy., Matthews, NCContact: Tom Amann 704-668-1157

ConcordMeets 1st Thurs. – 6:00 pmLogan’s RoadHouse I-85 & Dale Earnhardt Blvd. Exit 60 off of I-852431 Wonder Dr., Kannapolis, NCContact: Cherrathee HagerTwinOakProperties4U @yahoo.com 704-490-2001

HickoryMeets 3rd Mon. – 6:00 pmHickory Elks Lodge356 Main Ave. NW, Hickory, NCContact: David Meier828-962-7946

* Please note: Dates & Times of Sub-Groups meetings are subject to change. Confirm with Sub-Group leader prior to the meeting. Dates and times are correct at the time the newsletter is printed.

New Member Orientation5:30pm, prior to the Main MeetingHilton Hotel5624 Westpark Drive Charlotte, NC — I-77 at Tyvola Contact: Kimberly Shelton 704-877-8777 or email:[email protected]

Rock HillMeets 1st Thurs. – 6:00 pmFireBonz BBQ & Grill2445 Cherry Rd., Rock Hill, SCContact: Grady & Susan Denton – 704-905-8469

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

29` 30

November 2009 Events Calendar

22 23 24 25 26 27 28

Hickory – 6pm

Matthews – 6pm Charlotte Landlord – 6pm

Advanced – 9amMaIN MEEtING–6PMNew Member – 5:30pmVisitor Info – 6:00pm

Matthews – 6pm

Happy Thanksgiving!

Sonrisers – 7am

Matthews – 6pm

Sub-Groups are a great way for you to learn more about real estate investing in a smaller group and network. As a guest you may attend two meetings and on the third you must join the association to continue attending meetings. *

Matthews – 6pm

Lk. Norm – 6:30pm

PHP Saturday

SonRisersMeets the 3rd Fri. – 7:00 amLight Rail Family Restaurant8045 South Blvd. Charlotte, NCContact: Leon Humphrey 704-460-4933

Visitor Information Session6:00pm, prior to the Main MeetingHilton Hotel5624 Westpark Drive Charlotte, NC — I-77 at Tyvola Contact: Kimberly Shelton 704-877-8777 or email:[email protected]

Rock Hill – 6pm

Concord – 6pm

Metrolina Real Estate Investors Association122 W. Woodlawn Road, Suite D-101Charlotte, NC 28217

Have you given any thought about your goals for the upcoming year? Here’s a few tips! Set goals in all aspects of your life to maintain balance: Family & Home, Financial & Career, Spiritual & Ethical, Physical & Health, Social & Cultural, and Mental & Educational.

Write Your Goals DownWriting out your goal is your commitment to achieving the goal.

Share Your Goals With People Who Are Important to YouIf you are certain your significant others will support the accomplishment of your goals, share them.

Take Check Goal Setting and Achievement Progress RegularlyOne of the weaknesses of any annual appraisal system is the lack of frequency with which progress and success are measured and tracked.

Action to Identify and Eliminate Obstacles to Goal Setting SuccessSimply tracking your goals daily is not enough. If you’re unhappy with your progress, you need to assess what is keeping you from accomplishing the goals.

Reward Yourself and Celebrate Goal AccomplishmentEven the accomplishment of a minor goal is cause for celebration.

Goals and New Year Resolutions ChangePeriodically look at the goals you have set for this year. Are the goals still the right goals?

2010 Is Just Around the Corner!

volume 12, issue 11 november & december 2009...volume 12, issue 11 november & december 2009...

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