Archive for July, 2012

We have a special Training Opportunity Webcast scheduled with Marc Hrisko on Thursday, August 16th at 7:00 PM on “Making a Fortune in the Real Estate Recovery”. Marc says this webcast will be “A dynamic presentation that will keep you on the edge of your seat. There is a mountain of opportunity out there if you know where to look, and more importantly, what to do when you find it.” Register now for FREE and Marc will show you… How to work with banks who are overwhelmed with foreclosures and will actually beg you to take their inventory for pennies on the...

The Profit August 2012 Edition

Posted on July 30, 2012 by
The Profit for August 2012 is Here! The 3rd edition of The Profit, the official newsletter of the Atlanta Real Estate Investors Alliance (Atlanta REIA), is out for the month August 2012! Read and enjoy a variety of articles on real estate investing from Robyn Thompson, Dustin Griffin, Larry Harbolt, Russ Hiner, Don DeRosa, Bob Massey, Erven Kimble, Jim Hitt, Deborah Harris, Michael Vazquez, Tony Pearl, Chris Littleton, Kathy Kennebrook and Craig Halperin and more. Don’t forget, Atlanta REIA Business Members can advertise in The Profit at discounted rates. High Res Version (28mb) / Low...
If you’ve ever wanted to have a ‘leg up’ or an unfair advantage over the competition, there’s a secret weapon that is available now for you to use… It’s called ‘SMS Marketing,’ otherwise known as ‘Text Message Marketing.’ Those few who have it and know how to use it properly are absolutely killing it, while those who have yet to discover its power are totally missing out, and losing business to their competitors who have embraced this new way to use an old technology to promote their businesses. It’s no secret that most people have a smartphone these days.  You can’t leave home without it. ...
I have become financially independent renovating houses, and you can do the same; however, if you aren’t prepared, the process can become completely overwhelming. To help you avoid the pitfalls that are out there, I have developed eight key strategies to assist you in growing your house renovation business.  If you are willing to learn from my experience, you will enjoy greater success much sooner.  While I was able to renovate 17 homes during my second year in the business, by employing the following strategies, I have grown my business to the point that I can, in today’s environment,...

Did Your Lender Discriminate?

Posted on July 30, 2012 by
The robo-signing fiasco has revealed the seedier side of the mortgage business to the general public.  These issues are coming back to haunt many lenders in the form of law suits and settlements with state and federal governments.  Over the last several years, homeowners and the public in general have become increasingly familiar with some of the issues that could lead to a case of fraud against a lender stemming from the way documents were signed, notarized, or dated incorrectly for mortgages or foreclosure filings.  The issues that were included in the foreclosure settlement against Bank of...
Fact: Getting Bank financing this year or any year in the near future for real estate investors is no longer a reality. If you haven’t noticed the real estate investing business has had a major make-over, and in my opinion not for the better. What this means for the real estate investor is, affordable financing to buy houses just isn’t going to be in the cards for them. Some of you may think you can actually get a loan from a bank or you think it will be easy for you to find a private lender with lots of money who will fund your deals, all I can say is Good Luck. Many of you are still making...

The High Price of Hope

Posted on July 30, 2012 by
On June 7, Creative Loafing did an article on “The High Price of Hope”; the article talked about a man named Angel, who put himself in a financial bind in Southwest Atlanta. This is something that happens to a lot of investors. As an investor I also took a financial hit, and this is my story. Angel’s focus was not on the alligators but was on the ether of Adair Park, the beltline, and a cheap house. He bought this shell of a house that was in a crime-ridden area with a huge number of vacancies, and prostitution for $14,000. Angel had a lot in his favor, he was very resourceful. He knew people...
“Knowledge is of two kinds. We know a subject ourselves, or we know where we can find information upon it.”  Samuel Johnson This looks like a great place to invest. There are decent cars in the driveways. Lawns are mowed. Flowerbeds are neat. I feel safe. Houses don’t look too expensive and would probably cash flow. I wonder what that great little Cape Cod with the white picket fence is going for?” Well, now there’s an iPhone app that can tell you that, and more. Homesnap is a free app that you can use on your iPhone and iPad. Just snap a picture of the house and it’ll give you an estimate of...
“A man devoid of understanding shakes hands in a pledge, And becomes surety for his friend.” Proverbs 17:18 The biblical terms “shakes hands in a pledge” and “becomes surety” means that a person co-signs on someone else’s debt. In the business community, this also relates to a loan guarantor who has no collateral or control. Co-signing, simply put, is a risky and unwise personal and business practice. This bible verse is a strong words against, what seems to be, an acceptable and routine practice in our society.  However, to imply that a person lacks understanding is an accurate...

Testing the Water with Land Banking?!

Posted on July 30, 2012 by
Are You New to Self-Directed IRA Investing? Many people are not sure if they have enough money in their IRA/401(k) account to even begin thinking about investing with it via a self-directed account. We have many clients who have taken accounts with small account balances and grown them into sizeable accounts simply by making one successful investment at a time. In this article, we will share the story of one of our clients, David G.’s 1st self-directed Roth IRA investment. David G., by the way, grew his account from $6,800 to $293,000 in 5 short years. David G. Decides on What His First...