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Tampa Real Estate Investors Alliance is All About Florida Real Estate Investing

Tampa Florida Real Estate InvestorsTampa Real Estate Investors Alliance (Tampa REIA) is a Tampa Florida real estate investors association for real estate investors, real estate entrepreneurs and other real estate professionals who invest in Tampa real estate for fun and profit and are dedicated to the highest level of professionalism and integrity.

Tampa REIA’s mission is to help ensure our members’ real estate success by providing extremely affordable, high quality, relevant real estate investing information and education, as well as frequent, fun and rewarding real estate networking opportunities. Our goal is to be the premier educational and networking organization for real estate professionals in the Tampa Bay area.

Thurs, Dec 11th at 6:00 PM @ Doubletree Suites Tampa Bay
Tampa REIA – December 11th
at the Doubletree Suites Tampa Bay
The New Paradigm of Real Estate Investing Success
with Roger Salam

Tampa REIA Members Can Attend at No Charge & Guests for $10.
RSVP Online Now to Attend the Meeting.

“In times of change learners inherit the earth; while the learned find themselves beautifully equipped to deal with a world that no longer exists.” ~ Eric Hoffer

The above quote by Eric Hoffer is a profound one. If you’re not changing with the changing times, you’ll disappear like the dinosaurs of the past. It’s no secret that Real Estate is bouncing back quite strong in many areas of the country and if you’d like to get back into it or if you’re an active Real Estate investor now, we’d like to invite you to find out how the game has changed. Without this knowledge you’ll become Real Estate Dinosaurs.

Roger SalamJoin us at Tampa REIA on Thursday, December 11th at 6:00 PM at the Doubletree Suites Tampa Bay located at 3050 North Rocky Point Dr West in Tampa, FL with our special guest, Roger Salam, who is a real estate investor, mentor, international speaker & best-selling author. Roger will not only show you how the real estate game has changed, he’ll also give you the new rules of the game. Roger says, “Not only the paradigm of Real Estate investing has shifted, but the entire paradigm on success has changed.” Perhaps you’ve noticed, but don’t know how to adapt and change with the new shift and the new game.

Join us December 11th and Roger will show you:

  • The single most important philosophical change that will make immediate and the biggest difference in your Real Estate investing business
  • 5 New paradigms of success not only in Real Estate investing, but in life
  • How To Make Your First $5k In Two Weeks
  • The Biggest Mistakes New Investors Make That Get Them Sued
  • Automating Techniques That Will Reduce Your Actual Work By 80%
  • How market research before you begin can make or break you in this business
  • How to buy wholesale properties at 50% or below market value (his exclusive list)
  • How to get owner financing for your deals (He’ll owner finance, bad credit, no credit, ok!)
  • All this and much, much more!

December is a very special month and most people are pretty much wrapping up the year and getting ready for the New Year. Roger will also give you some very special tips for making 2015 your best year ever!

Join us for our last meeting of the year. We saved the best for last, but you be the judge. Bring a friend and they’ll thank you!

BonusSPECIAL BONUS JUST FOR ATTENDING: Roger will be giving away his “Real Estate Success Secrets” DVD along with the PowerPoint Slides to follow along. Supplies are limited and will be given away on a first come, first serve basis. Arrive to the meeting early to network with other like-minded investors, vendors and other real estate professionals.

RSVP Now!

*Meeting Agenda
6:00 pm: Tampa REIA Meeting in Tampa
6:15 pm: Announcements, Introductions, Haves & Wants
7:30 pm: Main Presentation with Roger Salam
9:30 pm: Late Night Networking at Whiskey Joe’s Bar & Grill

*Please Note: Meeting agenda is subject to change.

5 Days & 4 Nights in CancunWIN A 4 NIGHT STAY IN CANCUN: All participants who attend the Tampa REIA Meeting will entered into a drawing for a chance to win a *Complimentary 5 Day, 4 Night Stay in Cancun! *You must be present at the meeting to win. Giveaway does not include dining, transportation, transfers, taxes, upgrades, etc.

Late Night Networking at Whiskey Joe’s Bar & Grill

Whiskey Joe's Bar & Grill Tampa FloridaAfter the conclusion of the Tampa REIA Main Meeting (around 9:30PM), we will be reconvening at Whiskey Joe’s Bar & Grill located at 7720 West Courtney Campbell Causeway in Tampa for the “Meeting after the Meeting”. Come eat, drink, network and have fun with us as hang out late into the night on Tampa Bay!

See Tampa REIA Events Calendar for More Events!

The Profit December 2014 Edition

Posted on December 5, 2014 by
The Profit Newsletter for Tampa REIA December 2014
Download the December 2014 Edition of The Profit Newsletter Now!

The Profit - December 2014 - High Quality PDFThe December 2014 edition of The Profit Newsletter is now available for download as a High Quality PDF (Recommended) or Low Res PDF for slower devices. The Profit Newsletter is the official newsletter of the Tampa Real Estate Investors Alliance and is a digital, interactive newsletter for new and seasoned real estate investors delivered as an Adobe PDF file to read on your PC, Mac, Smart Phone, iPad or other mobile ready devices with a PDF reader. Many of the articles and ads in The Profit contain hyperlinks you can click or tap to visit websites, watch videos, listen to audios, download content, send emails, comment on articles, share socially and much more! The high res version of The Profit is “print ready” for those who want to print the newsletter on their home or business printer. Also, be sure to Subscribe to The Profit so you don’t miss a single monthly issue.

Download Now!
High Quality PDF / Low Res PDF
See The Profit Archives for our past editions.

Read More→

Pretty House Boot Camp
December 12th – 14th, 2014 in Buford, GA
The Pretty House Boot Camp
Part 1: Buying Pretty Houses
December 12-14, 2014
A 3 Day Boot Camp with Don DeRosa & Dustin Griffin
Learn How to Buy Beautiful Homes in Nice Neighborhoods with No Bank Qualifying,
No Credit Check & No Money Down!

You’ve probably heard it said that trading real estate has created more millionaires than any other investment vehicle on the planet.

…And you probably have noticed that the real estate market is coming back and that there are a lot of people out there making big money fast by skillfully investing in real estate.

But did you know that most of them do it without using or putting a lot of their own personal cash or credit at risk?

Yes, it’s true… you can be one of the next real estate millionaires without needing a lot of your own cash or credit to make it happen!

Even if you don’t become an overnight millionaire, you can still easily make an additional $20,000 to $100,000 dollars or more per year, even on a part time basis.

All You Need Is the Drive, Determination, Skills
& Knowledge to Make It Happen!

Don DeRosa & Dustin Griffin If you would like to be the next Real Estate Millionaire or your own definition of an Overnight Real Estate Success, you should consider attending our upcoming 3 day Pretty House Buying Boot Camp on December 12 – 14, 2014 with Don DeRosa & Dustin Griffin in Buford, GA to help you acquire the skills, knowledge and connections you need to become successful in the Pretty Home Buying Business.

At this 3 day, hands-on, Pretty House Buying Boot Camp, we will teach you How to Buy, Sell and Trade all the Gorgeous Homes You Want with Little or None of Your Own Cash or Credit while helping others get what they want… a fast, fair, friendly and flexible sale of their unwanted house.

You will learn how to turn an unwanted house into a gorgeous home for any individual, couple or family with less than perfect credit for fair price, a reasonable down payment or assignment fee and a monthly payment they can afford.

We will teach you everything you need to know to create a successful real estate investment business offering the American Dream of Home Ownership that will allow you and your family to Live The Life Of Your Dreams.

BonusSPECIAL BONUSES JUST FOR ATTENDING:

  • 1 Day Deal Structuring Workshop in 2015 ($397 Value)
  • 5 Hours of 1-on-1 Consulting with Don DeRosa ($2500 Value)
  • 4 Day Pass to High Tech Homebuying Academy in 2015 ($2,497 Value)
  • Access to Don DeRosa’s Pre-Recorded Full Day Wholesale Course ($297 Value

EXTRA LIFESTYLE BONUS: For those who sign up between Dec 1st – 7th will get a 4 Day, 3 Night All-Inclusive Vacation Package at the Marival Resort in Puerto Vallarta, Mexico. Certain terms and conditions to apply. Airfare not included.

Register Now!
Pretty House Boot Camp
January 18th – 24th, 2015: Punta Cana, Dominican Republic
Island REIA Winter Retreat*
January 18th – 24th, 2015
Hard Rock Hotel & Casino
Punta Cana, Dominican Republic

Hard Rock Resort & Casino Punta CanaBe part of the first ever Island REIA Winter Retreat on January 18th – 24th, 2015 at the Hard Rock Hotel & Casino Punta Cana in the Dominican Republic. There will be 7 days of luxury accommodations, fun and exciting excursions and advanced real estate investor training you won’t get anywhere else on the planet from experts like Russ Hiner, Rock Shukoor, Linda Dana, Dustin Griffin, Chris Littleton, Donna Littleton, Jim Hitt, Duncan Wierman, Gordan Catts, Leslie Mathis, Don DeRosa and many others!

Experts

Contact Dave Biddison at 801-550-9042
to book your room now!

Hard Rock Resort & Casino Punta CanaThe Hard Rock Hotel & Casio Punta Cana is situated on a perfect 30 mile stretch of palm lined coastline and is famous for its stunning beaches that rank among the world’s very best. The Hard Rock offers a mind blowing all-inclusive experience with thrilling gaming action in one of the biggest and best casinos in the Caribbean featuring exhilarating nightlife, tantalizing culinary options, state-of-the-art meeting facilities and luxurious rooms worth tweeting about, all infused with a legendary rock and roll vibe.

Hard Rock Resort & Casino Punta CanaThe Hard Rock has 13 pools, 9 restaurants, a Nicklaus designed golf course, and an astonishing Spa all surrounded by the most pristine beaches in the Caribbean. This is the perfect setting for our first retreat. Come see what it really means to get away from it all with a group of your favorite real estate investors and friends at a world class, all-inclusive luxury resort in paradise!

Hard Rock Resort & Casino Punta CanaCome join us at the Island REIA Winter Retreat and learn real estate investing topics you won’t hear anywhere else from some of the best minds in the business. It’s going to be a full week of fun, sun, great food, good times, educational opportunities, social gatherings and exciting excursions with other like-minded investors and much more!

Hard Rock Resort & Casino Punta Cana*Membership has its advantages. January is peak travel season for the Caribbean and the Hard Rock normally charges at least $547.44/night or $3,284.64/week based on double occupancy in the Caribbean Suite with King or Double Beds. This amount includes taxes and fees, but does not include airfare or transfer to and from the resort. However, Our Special Price via World Ventures is only $350/night or $2100/week based on double occupancy, a savings of over $1,280! You can join us for Only $1050/person! Our special price includes your all-inclusive visit, taxes, fees and transport to and from the resort, as well as $1500 resort credits per room that can be spent at the resort on spa visits, golf, excursions, etc. Airfare is NOT included. Certain terms and conditions do apply. Also, you can bring your kids under 17 year old for only $219/each for the week!

Because January is peak travel season and we have a very limited number of rooms available, get your passport and reserve your room now before all the rooms are booked!

Contact Dave Biddison at 801-550-9042
to book your room now!

Call now and don’t miss out! See You in Paradise!

See Tampa REIA Events Calendar for More Events!
Thurs, Dec 11th @ 9:00 AM – Saint Petersburg, FL

Join us Every Thursday Morning at 9AM at the…
Creative Real Estate Exchangers
With Wayne Arnold, Jonathan Henrich & Pete Fortunato

The Creative Real Estate Exchangers (CREE) is group of Real estate investors and exchangers who meet with the sole purpose of finding inventory and creating transactions that benefit everyone involved. In this type of setting, even the beginner can find a deal and make a creative transaction. It’s educational, informative, and a great experience for all investors. Everyone, no matter their skill level or situation, has the opportunity to be the catalyst in a transaction in this type of meeting. CREE is led by Wayne Arnold and Jonathan Henrich who presents deals along with Peter Fortunato.

The Creative Real Estate Exchangers meet every Thursday at 9:00 AM (except major holidays) at the Denny’s Restaurant located at 4999 34th St N in Saint Petersburg, FL.

Quick Facts About Creative Real Estate Exchangers

  • What? Creative Real Estate Exchangers
  • When? Every Thursday at 9:00 AM (except major holidays)
  • Where? Denny’s Restaurant, 4999 34th St N, St. Petersburg, FL
  • Who? Real Estate Investors, Entrepreneurs & Exchangers
  • Why? Finding inventory & creating win-win transactions
  • Cost? There is no fee to attend.
  • Leaders: Wayne Arnold, Jonathan Henrich & Pete Fortunato
  • Link: cree.tampareia.com

Roger SalamI’ll admit it; I’m a bit of a seminar junkie. I go to every seminar I can and I probably should go to the “Seminars Anonymous” meeting too. The truth is, I’ve learned from all of them (even the bad ones). I sit near the back so that I can find an electrical outlet for my laptop and type furious notes as I’m listening. Some larger conferences offer wi-fi (wireless) access so you can browse the Internet when a speaker mentions a specific site. Trouble is you tend to check your email and wander other places online. And then you’re not actively listening. So beware of being too plugged in.

How do you know if the seminar was worth the cost, the hassle of traveling and the time out of the office? If you’re not purposeful, after a week or two, you may not even remember the name of the great speaker let alone what he or she said or what you got out of it. And you really haven’t changed the way you do business or anything. Here are some steps to take to set yourself up for success before you actually fork out your hard earned dollars.

To get the most out of any seminar (or event in general), there are two sets of preparation, pre and post event. US Army lives by the 5 P’s – Prior Preparation Prevents Poor Performance. So, here are a few things you can do prior to jetting out. Read More→

Subordination

Posted on December 5, 2014 by

This technique will be used frequently and is one of my favorites to make a property easy to fund. It simply means the seller will take back a second, allowing you to get a new first to cover down payment and other costs.

The big advantage is it sets the stage for you to negotiate a deal that’s easy to fund because you can borrow the first at a low LTV making a hard money loan easy to get.

Example:

Seller wants $1,000,000 for an apartment complex that needs $100,000 in work. She owns it free and clear and fixed up and rented, you feel it’s worth $1,800,000. Seller says she’ll take $100,000 down and the balance within 24 months but will subordinate to a new first and take low or no payments or interest on the $900,000 second.

Purchase price $1,000,000
Down payment $ 100,000
Seller second $ 900,000

New hard money 1st $300,000
Less down payment -100,000
Less rehab costs -100,000
Cash to you $100,000

Financing structure
New 1st $300,000
Seller 2nd +900,000 – no or low payments
$1,200,000

Your exit is to buy, fix and refinance with a good, permanent loan, or sell. You should be able to get a $1,350,000 loan (75%) or more and pull out cash once it’s stabilized. Read More→

In January of 2014, Florida passed a law that allowed the Banks to push their foreclosures through the court system faster than the normal 879 days that it used to take. I have seen foreclosures go through the court as quickly as 4 to 5 months because the Sellers, even though they do not have an attorney, do not take the time to file an “Answer” when they are served with the Summons and Complaint. An Answer, in which they themselves can file, simply states that they would like this matter set for trial. This letter includes the caption of the court pleading and their address and telephone number. They would have to file this Answer with the Court along with a Proof of Service that they mailed a copy to the Attorney representing the Plaintiff (Bank). Once an Answer is filed, the Court must slow down the Foreclosure proceedings to allow enough time for the proper hearings that are entitled to the Sellers.

I used to advise my students to wait to send marketing letters to Sellers who were in Foreclosure for at least 6 months. Times have changed! I am now recommending, due to this new law, that the marketing starts as soon as the Notice of Lis Pendens (a document letting the public know that the Sellers are in Foreclosure) is served to the Seller. Many Sellers are running scared. They are moving out before they even have time to fight the fight. I say “Don’t Run and Don’t Let the Bank Win” and do a short sale. Even if you are doing a Loan Modification and/or Short Sale, the Bank is still pushing through the Courts to get a foreclosure hearing date set. However, a short sale takes control of the Sellers destiny. Read More→

Using Forms to Free Up More Time

Posted on December 5, 2014 by

“What the world really needs is more love and less paperwork.” ~ Pearl Bailey

Welcome to 2015 – I know it’s going to be a great year! And while the weather is cold, what a good time it is to review office procedures and forms to make sure the business is humming along as efficiently as possible. I guess you could call it a kind of pre-spring cleaning. I know, it’s not as good as sledding, but work with me, here.

If you’ve taken any of my courses, you know how much I like to automate. The fewer steps it takes to get something done, the better I like it. Creating a good system of business forms is a big part of automation, especially if I can get forms to share information with each other, or feed data into a spreadsheet. So part of my pre-spring cleaning is to review my forms every now and then to make sure they still make sense.

And let’s face it: There’s nothing more annoying than trying to work with a badly designed form. If you doubt that, get online right now and try applying for a job at some big company. It can be a real nightmare!

Forms, of course, have always been a pain in the neck. The military is famous for them. Heck, the Romans probably had rotten forms, too. Until just a few years ago, there was no relief from bad forms. You were stuck with whatever form somebody handed you. Read More→

This month I want to continue the line of thinking how sellers think differently than investors. Last month I talked about how sellers believe their property is worth top dollar even though many times they failed to keep the property in good condition.

Once you realize this will be what you will be facing when you first talk to most sellers you will have a better understanding of why sellers say the things they do when you ask them questions, such as “We Want ALL Cash” for our house.

You need to realize that the investor is trying to buy just another house they can make money with, while many sellers are selling a home that has emotional meaning to them if they live in the property. This difference of thoughts and emotion make a huge difference when you are negotiating. As I said before, this isn’t rocket science it’s just a fact of life. When you understand how sellers think you might have an easier time putting together a more profitable deal. By finding out what the seller’s true needs are, will give you a position of power when negotiating your deals. Remember, each seller has just one house to sell and you have thousands of houses to look at and choose from. This is why you are the one in the position of power when negotiating.

More than anything else you need to know why the seller is selling their house if you want to create a win-win deal. You truly are in control of each negotiation. You just don’t realize it. I concluded many years ago that I have lived many years without this seller’s house and if I am unsuccessful making a deal I will probably live out the rest of my life just fine without that house.

Here is a list of things you need to think about when talking to every seller. Read More→

Starters, Estate Builders and Enders

Posted on December 5, 2014 by

There are three stages of real estate investing: Starters, Estate Builders and Enders. Do you know which stage you’re in? Many flippers and wholesalers think they’re Estate Builders when, in fact, they’re actually running a highly taxed retail business – they’re not real estate investors! (Saying this is sure to ruffle some feathers, but read on before you call me a liar.)

As the stage implies, a Starter is someone who’s just getting started in real estate. He usually knows little about contracts, rehabbing, landlording or how to creatively structure and fund a deal. He’s been to the closing table less than six times. We’re talking about someone who’s wet behind the ears!

An Estate Builder may still be new to real estate, but his focus is different from a Starter’s. An Estate Builder’s deals are structured to increase the investor’s monthly mailbox money! Mailbox money is money made when your capital assets are working for you instead of you working for your capital assets. Examples of capital assets are rental property and notes.

An Ender has been investing in real estate for decades. He’s very experienced at creatively constructing deals. Many Enders cut back on the number of rentals they own in exchange for simpler-to-manage capital assets like notes, options and master leases. Read More→

Outsourcing Your Wholesaling

Posted on December 5, 2014 by

Are you doing absolutely everything in your Wholesaling business? Are you driving for dollars, writing your own letters, stuffing your own envelopes, building your own websites, creating your own flyers, taking the calls from sellers, inspecting the properties, getting them under contract, then posting the properties online, pitching them at meetings, showing the properties to investors, etc? Whew – that’s a lot of stuff eh??

Well if you are doing absolutely everything on your own, it’s time to stop! There is help out there. And yes – there is a balancing act: “do I do it myself” or “do I pay someone else to do it”??? Naturally there are some things you will want to do on your own – mainly talking with motivated sellers, making offers, and then getting the deal sold to other investors. So how can you get to where those are the ONLY things you have to do? There’s a lot of other stuff right?

MARKETING

Well the marketing is obviously important – probably the most important thing. There are services out there that can do your marketing for you. Namely letter writing services like www.YellowLetter.com and companies like that. They will create either Yellow Letters or Postcards to send out and they will mail it for you. You just need to provide the list. I believe you can buy lists from them as well. And there are plenty of other list providers out there – do your research. So if you get a list and send it to YellowLetters.com now that part of your marketing is done. Sit back and wait for the phone to start ringing. Read More→

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