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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.

The Profit November 2014 Edition

Posted on November 11, 2014 by
The Profit Newsletter for Tampa REIA November 2014
Download the November 2014 Edition of The Profit Newsletter Now!

The Profit - November 2014 - High Quality PDFThe November 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.

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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!
Pretty Houses vs Ugly Houses, Which is More Profitable?
A Webinar with Russ Hiner
Wed, November 18th at 8PM ET

Russ HinerOn Tuesday, November 18th at 8PM ET, Russ Hiner, an active investor, coach and mentor in the areas of real estate and creative financing will be hosting a webinar to discuss “Investing in Pretty Houses vs Ugly Houses” and which is right for you. Click here to Register Now!

This Pretty House vs Ugly House Webinar will be a study of why your business model should be centered around the ugly house model or the pretty house model. Or should you split it and invest in both pretty houses and the ugly houses? Get you your questions answered in this exciting analysis of the pretty and ugly houses real estate business.

Register Now!

We look forward to seeing you on the webinar!

Making Money With The Law

Posted on November 11, 2014 by

Attorney Lee PhillipsYour ability to make money on business and real estate deals is directly related to your knowledge of the law. Whether it is structuring the deal or trimming the tax burdens, the law can turn a bad deal into a good deal and a good deal into a great deal. In fact, if you use the law to leverage what you do, you can make money faster than you ever thought possible. No more work – no more time – no more risk, just more money to spend!

Not only can you get ahead financially a lot faster, using the law, when problems strike, you can keep what you have worked your whole life for. In today’s society, if you don’t take the opportunity to protect yourself and your assets, somebody is going to take your assets away from you. It might be the government, the IRS, the lawyers, your tenants, your partners, or any one of a dozen other problems you face, but somebody is going to try to take your hard-earned money away from you, unless you protect it.

You undoubtedly hope and pray that you won’t have a lead paint problem, get sued by a tenant, or have the lawyers come after you for some insignificant reason. You do more than just hope and pray that you won’t lose your household property to a common thief. You lock your doors, put security lights around your house, and set up alarm systems. Your financial investments and real estate investments are a lot more valuable than your household property. Have you done anything to protect those assets from the thieves that could take them away from you through a legal or financial attack? Read More→

Nesting: Warmth for the Winter

Posted on November 11, 2014 by

“It doesn’t make a difference what temperature a room is, it’s always room temperature.” ~ Steven Wright

There are certain people who should never touch anything mechanical. My Aunt Effy is like that. She didn’t get her brakes fixed until one of the brake pads actually fell out of her car. She bought a sewing machine and ended up sewing her pants to the wall. And who knew you could do that much property damage with a weed whacker?

So you can imagine our reaction when Aunt Effy decided to buy a programmable thermostat for her home. Heck, we were all afraid she would melt the dog.

Luckily, she got some good advice at the mega-hardware store, and bought a “smart” thermostat called the Nest. Have you seen one of these things? I have, and now I’m a big fan.

Even though the Nest is a programmable thermostat, you don’t really have to program it. Instead, just adjust the temperature the way you like it. Make it warmer, make it cooler, keep yourself comfortable. Turn it down when you leave the house. The Nest will “learn” what you like, and pretty soon, it will adjust itself for you automatically. Nest’s website says this can save you 20% of your energy bill. And since it kind of runs itself, it’s easy enough even for my Aunt Effy. Read More→

Why I Still Teach

Posted on November 11, 2014 by

“Tell Me, and I Forget; Teach Me, and I May Remember; Involve Me and I Learn” ~ Benjamin Franklin

I just finished a very successful Quick Start Boot Camp here in Jacksonville, and I remember why I keep teaching. We had people from all over America and a couple Canadians, and even a Brit in the class of 175 students.

On the first day, I called for all who were doing deals to stand up and then invited them to the front of the room as a group. Frankly, I was shocked at the number. You see, quick Start is where people get the basic training to start their business, not usually where more seasoned veterans hang out. Oh, we always have some returning for a refresher, but I had about 50 people stand and come forward this time, and I asked all to tell a little about their businesses.

The numbers were staggering. A few were seven figure earners. Some built sizable businesses and a couple had become trainers. All my children. All starting from a point of ignorance. None taking no for an answer. Here’s another quote from old Ben… “We are all born ignorant, but one must work hard to remain stupid.”
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It took me years to understand that Sellers think differently than buyers. I know this sounds too idiotic to even discuss but from years of negotiating with sellers I can tell you that if you don’t understand how sellers think it will be impossible to negotiate profitable deals. Jimmy Napier told me years ago that we investors are trying to buy just “another house”, while the seller is selling a “Home”. Once I heard this it got me to thinking. It’s true; a seller has a different reason for the way they negotiate. This has changed how I negotiate and the techniques I use. I no longer believe that always offering CASH for every deal is the best offer to make.

Because I know there are as many ways to buy a property, as there are properties to buy I understand every seller has a different reason why they are selling and just getting all cash is NOT the only reason why they are selling their property. It will be your job to figure out what the seller really wants. While sitting at kitchen tables I have heard time after time what a seller really wants and money isn’t many sellers only motivation. Once they tell you what they want then hopefully you can then go on to solve the seller’s problem whatever it may be.

Over the years I have heard a myriad of reasons why each seller wants or needs to sell their house. Some needed to sell because the size of their family had grown and they have simply outgrown the house they have. Possibly I could sell them one of my other houses in exchange for the house they need to sell. Some sellers have reached retirement age and no longer need such a large house to take care of. Again, I might be able to sell them one of my houses or find them a house they would be happy with, buy it and exchange my house for their house. I call this “double dipping”. Some sellers may have had a job transfer and need to sell their house quickly because they are now making two house payments they can’t afford to make, the house they left and the house they are now living in. Some sellers may no longer be able to take care of the property because of their age or physical condition or, they can’t afford the monthly payments any longer. Some sellers may simply want to rid themselves of the large monthly payment they are paying and are having trouble making each month while trying to save their credit score. Some seller’s have back property taxes they can’t pay and their lender is threatening foreclosure if they don’t. You will never know what motivates the sellers until you ask. Read More→

Using Internet Marketing to Flip Houses

Posted on November 11, 2014 by

As I’ve said and many other successful wholesalers will always tell you is that “Marketing” is the life blood of your business. “Marketing” is the process of getting leads as well as getting your houses sold, which is how we make money right? And I’d say there are (3) main goals associated with your Marketing:

  • Finding Motivated Sellers
  • Finding Cash Buyers/Investors or Retail Buyers (building your buyers list)
  • Marketing to get a house SOLD

There are many different forms of marketing that we teach and that we use – including but not limited to: direct mail (letters and post cards), bandit signs, posting ads online and in newspapers, websites, flyers, business cards, telemarketing, door knocking, door hangers, social media, etc. YES – that was a lot, and you’re using ALL of them, right?

It wouldn’t hurt to try all of them at some point to see which one works best for you – depending on your personality and your resources (time and/or money). In other words, if you have NO money – telemarketing and door knocking take very little money up front. If you have LOTS of money – big direct mail campaigns might be good for you. I could go in depth on each method, but I’m going to focus on Internet Marketing for the remainder of this article – which encompasses a few of the methods mentioned above. Read More→

Would-be Tenants From Hades

Posted on November 11, 2014 by

Landlords, what’s the best way to deal with tenants who are a pain in the tail and make you want to vomit? Easy answer: Never let them in your rental property in the first place. And how do you accomplish this feat? Read on, my friend – it’s actually pretty simple! But first, a story…

Several weeks back, we had a property go vacant in Cartersville, Georgia. It’s a nice three-bedroom, two-bath home with a two-car garage. Though a good number of applications came in, one stood out above the rest.

The application was neat and complete. The prospects were from Cartersville, so they have a lot of ties to the community. The husband was an experienced contractor who knew how to fix things. The wife was disabled and received a guaranteed monthly government check. They didn’t have any kids or pets and didn’t smoke. They were looking for a place they could live in for the rest of their lives. Looking at the application, there was nothing not to like about these folks!

Because Kim and I have been managing rental property for almost 20 years, we have learned that no matter how good tenants look on paper, there are a couple of steps we must take before letting them move into our property. Read More→

Every day the Banks are making minor and/or major changes on how they do short sales. What was once an easy short sale system, now varies depending upon each lender. Many lenders will want the Sellers to use their own in-house short sale package, even though my detailed generic package pushes the deals forward. Sellers really don’t have a true concept of how much debt they have when it comes to paying all of their debts. Many of them will not even include a debt on their financial statement to the lender, just because they are choosing not to pay it. In my short sale system, I have created a detailed short sale package with forms that are used to help my Sellers make sure that everything is included and maximize their chances in the consideration of the short sale.

In January of 2014, Florida allowed a law to be passed that the Short Sale Lender may receive a Deficiency Judgment at the time of the Foreclosure while still having the asset (property) in their portfolio and not even selling it yet. Before this law was passed, the Short Sale Lenders could foreclose on the property and then they have a choice whether or not to either forgive the debt or pursue the Sellers. If they forgive the debt, they still issue a 1099 (Forgiveness of Debt Form) which means the Sellers would have to pay taxes on the amount that the bank has forgiven. Or the Lender could go after the Sellers again by filing a new lawsuit for a Deficiency Judgment on the balance that is owed AFTER the Lender sells the property and releases it from their portfolio.. Many Short Sale Lenders are amending their complaints to request this immediate deficiency judgment. Sellers are blind to the new changes and they are burying their heads in the sand, thinking they are living in the house for free and then letting the property go to foreclosure with no repercussions. Read More→

When you are looking to become successful in the real estate investing business, implementing a solid marketing plan for your business is going to be one of your first priorities. This will be the main strategy that will separate you from your competition. In addition you need to develop long and short term strategies and goals for your business as you go.

Decide what your focus is going to be regarding the type of properties you would like to purchase in your Real Estate Investing business and create a plan of action that will begin to bring in motivated sellers in droves and create deals for you. If you don’t know what exit strategies to use, make getting educated one of your top priorities. One of the best ways to do that is to work with a Mentor who can help you achieve the goals you have set for yourself.

Getting a good education in the buying and selling of real estate and having someone to hold you accountable will quickly separate you from most of your competition. You can check out my website at www.marketingmagiclady.com for some really powerful tools for your Real Estate Investing business including my personal Mentoring Program.

Don’t be afraid to do what those around you will not. Dare to be different and consistent in your marketing efforts and the results will be amazing. Niche your marketing and become an expert in your market place. Become educated within your market place so you know what your property values are and what your personal target market is going to be. Decide what kinds of deals you like best and go after them. Read More→

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