Archive for November, 2012

The Profit December 2012 Edition

Posted on November 28, 2012 by
The December 2012 Edition of The Profit is Ready for Download! The December 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. This month you can read and enjoy a variety of articles on real estate investing and more from David Lindahl, Tony Pearl, Jeff Nix, Larry Harbolt, Kathy Kennebrook, Russ Hiner, Bob Massey, Don DeRosa, Jim Hitt, Michael Vazquez, Kimberlee Frank and Karen Bershad. And don’t forget, Atlanta REIA Business Members can advertise in The Profit at...

The Big Property Grab!!

Posted on November 28, 2012 by
Three years from now you could be living in a water front property, sleeping in on Monday mornings, doing only the things you want to do and excitedly walking to the mailbox everyday  ready to gather that days set of cash flow checks the Postman dropped off . It’s those cash flow checks that allow you to live this life of leisure and it never stops to amaze you how they have gotten as high as they are and they keep increasing!! …Or…you could wake up on Monday morning three years from now, living the same life your living now….and if that’s OK with you, that’s OK with me. But if you want to...
Since we just finished our 5-part journey of “Real Estate + The Internet = The Perfect Marriage,” (see previous issues) we’re going to do something a little different in this article.  We’re going back to the ‘Old School’ style of real estate investing. Specifically: How To Get Started in Real Estate Investing… Again! The great thing about technology is that it really helps you leverage your time.  When set up correctly, you can have computers & systems do a lot of the work FOR you, and that’s wonderful!  However, it takes time, thought, money, and reliable technology.  And that’s just to...
An inspection from Pete’s Friendly Home Inspection is a complete evaluation of the home from roof to foundation and everything in between. Other home inspectors will tell you they do the best job, they’ve been at it for 20+ years, they used to be a builder and they will inspect everything in the home with a 50+ page inspection report. One way Pete’s goes above and beyond the competition is by backing the inspection with a FREE 90-day, zero deductable home warranty in writing. Pete’s Friendly Home Inspection was formed on the idea that a quality inspection is essential...
“If you think education is expensive, try ignorance.” ~ Derek Bok When I started over 30 years ago, like many of you I didn’t have any extra money to pay a mentor or buy an investing course. I decided I would learn the real estate investing business by just doing it. I thought I could shorten my learning curve by going to real estate meetings. I went to a popular real estate meeting in my area for several months. Then I got the bright idea that if going to one meeting was a good idea it would have to be better to go to more meetings. So I decided I would go to four meetings in my area...
One of the most important aspects to a marketing campaign to find highly qualified sellers and buyers that is going to work is to create a solid mail piece for your business. These are key points for creating a solid direct mail piece that folks will respond to no matter what business you are in. The first thing you’ll want to do is to “touch” your prospective customer or seller with “the dream”, or “the solution” to their problem. You’ll want to touch the basic emotions and the needs of your client or seller within the body of your letter, whether that is fear, relief, greed, pride or...

“Free” Kittens?

Posted on November 28, 2012 by
Last week, I was offered some very cute “Free Kittens.” They were small, playful balls of fur tumbling over each other and looking up at me pleadingly. I’ve had cats before, so I was tempted. But even considering the benefits, I refrained because I know that there is no such thing as “free.” As I walked away from the kittens, I considered the idea that if something looks too good to be true, it probably is. This holds true with real estate deals also: they may look great in the heat and excitement of the potential purchase, the promise of a great deal, the money that we know we will make. The...

The Mystery of the Missing Trusts

Posted on November 28, 2012 by
The more researchers and attorneys investigate the structure and composition of securitized trusts the more phantom-like they become.  Amazingly, what is being found in many, if not most, is there was no  trustor, beneficiary, funding, assets, bank accounts or even the sham appearance of being managed by a trust department.  No one has even been moving money through the trust, or with reference to a trust, to its “holders.” Often when investigators try to establish a money trail between the holders of a mortgage-backed security, to a pretender-lender and then on to a homeowner to...
“Discretion in speech is more important than eloquence.” ~ English proverb It’s eight p.m. on a Saturday night. You’ve just settled into your front-row seat at the opera – you’re seeing your favorite, La Traviata. Okay, so you’re really at a WWE wrestling smackdown. Work with me here. At any rate, you’re in your seat waiting for the action to begin, and your phone vibrates. Caller ID says it’s Francine Fudley, a very motivated seller who’s on the verge of signing a contract. But wait, that’s wrong! Isn’t Francine Fudley the name of your brother’s second wife’s third cousin? The seller’s name...
Due Diligence When Investing With a Self-directed IRA and/or Self-directed 401(k)– Where do I Start? With a self-directed IRA and/or a self-directed 401(k) you are always hearing that you must do your ‘due diligence’. At American IRA, we discovered that many clients did not know how to do their ‘due diligence’.  While we cannot give investment advice at American IRA, we can offer a detailed summary of ‘due diligence’ items that our clients can use as a guide. This list gives our clients a healthy starting point that they can use during discussions with their professionals. In this article we...