Archive for September, 2012

When was the last time you got to hear from a real, in the trenches advanced investor? One who is prospering in these challenging times? Join us to hear a 14 year investing veteran shares his Tax Deed Strategies as well as his take on in-town properties. You’ll learn learn how to purchase a deed for pennies on the dollar. Learn to purchase vacant lots at fire sales. Learn to get excellent returns on your investment with no tenants and no toilets. Michael Keefe will be our speaker for this month’s Active Investor Group on Monday, October 1st at 3:00 PM at Total Wine & More...
on September 20th, 2012, real estate investor, author, national speaker and trainer and private lending expert, Alan Cowgill joined us for a very special Evening with a Real Estate Expert Webcast. On this webcast, we introduced our attendees to Alan, talked about how he got started in the real estate investing business, and talked about how he and his students raise and use private money to buy all of their single-family houses, commercial buildings, apartment complexes or other investment properties regardless of their cash on hand, credit or financial situation. Alan also talked to us about...

The Profit October 2012 Edition

Posted on September 25, 2012 by
The October 2012 Edition of The Profit is Ready for Download! The October 2012 edition of The Profit, the official newsletter of the Atlanta Real Estate Investors Alliance (Atlanta REIA), is now ready for download in high or low resolution format. Read and enjoy a variety of articles on real estate investing and more from Alan Cowgill, Deborah Harris, Bob Massey, Jeff Nix, Don DeRosa, Larry Harbolt, Russ Hiner, Jim Hitt, Robyn Thompson, Erven Kimble, Michael Vazquez, Tony Pearl and Mike Barnes. And don’t forget, Atlanta REIA Business Members can advertise in The Profit at deeply...

Why You Need Private Money

Posted on September 25, 2012 by
The topic of Private Money is near and dear to my heart.  When I started my real estate investing career many years ago, I heard about the necessity of finding private lenders.  In fact I even found two.  But then I stopped.  For four years I PROCRASTINATED.  I didn’t get it!!!  For four years I continued to go to banks and jump through their hoops in order to fund my deals.  I also had used hard money lenders, but found them very expensive.   It wasn’t until I quit my J.O.B. and found that banks wouldn’t loan me money that I realized that I needed to bring private lenders...
Several years ago, I attended my first real estate seminar and decided this was the business for me. I could do it in my own time and at my own pace and still make money. Considering I was still working a full time job at the time, this seemed to be just the scenario I was looking for. One of the things they taught us in those seminars was that finding truly motivated sellers was going to be the cornerstone to this business because without motivated sellers there simply are no deals to be made. After spending a number of years in sales prior to becoming a real estate entrepreneur, I knew that...
As a veteran real estate agent in the Atlanta Market for over 30 years (Yes, I started in real estate when I was 12), the current market is the darnedest thing I have ever seen. First and foremost, listing inventory is down by 36% from May 2011, sending home values up 2.35% from March 2012 for the first time, and, above the national average of 1.3% according to the Case-Shiller Report of June 2012. These new numbers indicate a firming of the market in a positive direction.  Is this a signal that the metro Atlanta real estate market will continue to show signs of improvement for sellers? With...

Why Are Foreclosures Falling Off Sharply?

Posted on September 25, 2012 by
On an annual basis foreclosures have dropped 24% according to CoreLogic. Anyone who has been to a foreclosure auction lately knows that there are fewer sales of foreclosed homes coming through to market. Instead, lenders refinanced over 425,000 underwater loans under HARP in the first 6 months of 2012, the same number as were done all last year.  Short sales are up also.  According to RealtyTrac Q1 2012 short sale activity was up 25% over the year. Does this mean we’ve got the lenders on the run?   It appears as if lenders have finally gotten the message that it is better to resolve a...
Advanta IRA Administration, LLC is a self-directed individual retirement arrangement (IRA) administrator headquartered in Atlanta, Georgia. Self-directed IRAs give you the freedom to diversify your portfolio by broadening your investment choices to include real estate. In fact, over 70% of Advanta IRA clients invest in some form real estate including, rental properties, notes, rehabs, trust deeds and much more. By taking advantage of a self-directed IRA, you are completely in control of the investments you make. Monte Smith is the Educational Director for Advanta IRA, offering seminars and...
“An investment in knowledge pays the best interest.” ~ Benjamin Franklin Remember when your dear Aunt Myrtle asked you to help her sell that Miami condo? You did the research, helped arrange some inexpensive upgrades, priced the home sensibly, and voila! It sold in a week and a half. Aunt Myrtle was so grateful she sent you homemade bread and cookies for a year. But that was then.  This isn’t your Aunt Myrtle’s condo market anymore, and it’s not just because of the Great Recession. While prices were hurtling downward, the amount and availability of information online was increasing like...

Never Eat Your Seed Corn

Posted on September 25, 2012 by
When I started investing in real estate 30 some years ago it never dawned on me that there was a strategy to become wealthy.  I thought all you had to do was buy houses, fix them up and resell them, make money then repeat the process. It sounded like a good plan but it was a flawed plan because the money I made from the deals I did went to feed my family first, then what was left went to rehab the next property. I had no plan to accumulate wealth. I had no plan for the future; all I had was a plan to create a job for myself I had to go to work every day to support my family. One day I was...