Archive for January, 2017

Wed, January 25th @ 7PM on GoToWebinar
Beginning Investors Group Online
How to Jump-Start Your Real Estate Investing Business in 2017!
with Don DeRosa, Jan 25th @ 7PM

No Charge to Attend for Members or Guests
Who Attend Online via GoToWebinar.com!

Register Now!

Beginning Investors Group Online (The BIG O)The Beginning Investors Group Online (The “Big O” or BIGO) is an new online educational group that currently meets on the 4th Wednesday for new investors who are just getting started in real estate investing as well as “new again” real estate investors who’ve taken a few years off and are looking to get back in the game.

Each month, we will be bringing in local and national real estate experts to teach new investors how to survive and thrive in our ever changing economy and real estate market. The entire purpose of this group is to help new investors get their first deal and help new again investors get their next deal.

Don DeRosaDon DeRosa will help us kick off our first meeting of the New Year 2017 on Wednesday, January 25th at 7:00PM ET. Don is a full-time, active real estate investor, coach and trainer who had done all types of real estate deals such as wholesaling, creative financing on pretty house deals, rehabbing and retailing, rentals, short sales, foreclosures, new construction, private lending and much, much more. This year, Don is focusing on fixing and flipping and doing creative deals with his coaching students.

Join Don at BIG Online as he teaches you the quickest and easiest way to get started in the real estate investing business with limited time and funds. He will also talk about his upcoming training workshops and boot camps for 2017 that he is doing as well as the Property Protege Group and Coaching Program.

TO ATTEND ONLINE: 7:00PM Start Time. To attend the Beginning Investors Group Online via your PC, smart phone or tablet, Register Here for the Meeting on GoToWebinar.com and you will be emailed login instructions for the event.

No Charge to Attend for Members or Guests
Who Attend Online via GoToWebinar.com!

Register Now!

Once you get your Webinar Confirmation Email, you can login on about 5-10 minutes prior to the 7PM start time to reserve a spot using your PC, Mac, Tablet or Smart Phone. You can download the GoToWebinar App here on iTunes App Store or the Google Play Store.

See Tampa REIA Events Calendar for More Events!
Tue, January 17th @ 1PM in Port Richey
The BRAND NEW
Onsite Renovation Group

Hands-On Learning “Onsite” at Real Renovation Projects
Tuesday, January 17th at 1:00PM
11422 Yellowwood Ln, Port Richey, FL

11422 Yellowwood Ln, Port Richey, FLPlease join us on Tuesday, January 17th at 1:00PM for the brand new Tampa REIA Onsite Renovation Group (ORG) to learn all about finding, funding, fixing, and flipping houses for big profits. This month’s meeting will be held at a newly completed renovation project located at 11422 Yellowwood Ln, Port Richey, FL. Come join us onsite at our very first meeting and see how this investor turned this old run down house into a profitable deal! RSVP Now!

Tampa REIA Members & Guests, Please RSVP on Meetup.com
Tampa REIA Members & Guests, Please RSVP on Meetup.com

Onsite Renovation GroupThe Tampa REIA Onsite Renovation Group is an exciting new educational and networking group that focuses on the acquisition, renovation and retail resale (fix & flip) or rental (buy & hold) of single or multi family residential homes in the Tampa Bay Area. The purpose of the group is to allow both new and experienced rehabbers and investors to meet, network, share knowledge and learn from each others successes and mistakes while getting “hands on” experience at real rehab properties.

The Onsite Renovation Group meets on the 3rd Tuesday of each month at 1:00PM at an active renovation site, build site or rental property which will vary from month to month and be announced prior to the meeting on the Tampa REIA Calendar.

Come join us to learn how to rehab houses for big profits the right way… you will be glad you did!

More Upcoming Real Estate Investor Meetings

Larry Harbolt’s Weekly REI Meetup
Larry Harbolt Monday, January 16th & Every Monday at 7:00PM
Hibachi Buffet, 7610 49th St N, Pinellas Park, FL
Leader: Larry Harbolt
P: 727-420-4810
E: larryharbolt@gmail.com
W: larrysmeetup.tampareia.com

Tampa/Clearwater Real Estate Group
Jim Miera Wednesday, January 18th & Every Other Wed at 11:30AM
Joe’s Crab Shack, 2730 Gulf to Bay Boulevard, Clearwater, FL
Leaders: Jim Miera & Barbie Moss
P: 727-415-6325
E: jim415@hotmail.com
W: tcreg.tampareia.com

Sarasota REIA Weekly Meeting
Jim Willig Wednesday, January 18th & Every Wednesday at Noon
Oriental Buffet, 4458 Bee Ridge Rd, Sarasota, FL
Leader: Jim Willig
P: 941-927-0040
E: sireproperties@gmail.com
W: sarasotareia.com

Creative Real Estate Exchangers Meeting
Wayne Arnold Thursday, January 19th & Every Thursday at 9:00AM
Denny’s Restaurant, 4999 34th St N, Saint Petersburg, FL
Leader: Wayne Arnold
E: wecreatedeals@gmail.com
W: cree.tampareia.com

Beach REIA
Rex Gaugh, Courtney Larsen & Mark Lepzinski Thursday, January 19th & Every 3rd Thursday at 6:30PM
Hooters, 192 Johns Pass Boardwalk W, Madeira Beach, FL
Leaders: Courtney Larsen, Mark Lepzinski, & Rex Gaugh
P: 813-352-1453
E: courtneysells4u@gmail.com
W: beachreia.tampareia.com

See Tampa REIA Events Calendar for More Events!

The Profit January 2017 Edition

Posted on January 11, 2017 by
The Profit Newsletter for Tampa REIA January 2017
Download the January 2017 Edition of The Profit Newsletter Now!

The Profit - January 2017 - High Quality PDFThe January 2017 edition of The Profit Newsletter is now available for download as a High Quality PDF (print quality) or Low Res PDF for mobile devices. The Profit Newsletter is the official newsletter of the Tampa Real Estate Investors Alliance and is a digital, interactive newsletter for serious real estate investors delivered as an Adobe PDF file to read on your computer, tablet, or smart phone with a PDF reader. Many of the articles and ads in The Profit contain hyperlinks you can click to get more information online. The high res version of The Profit is “print ready” while the low res version will load faster on your mobile device. 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.

Duncan WiermanThe internet is full of hidden bargains!  As many as 24% of the real estate market is composed of self-sellers, and you have a 10-23% chance of finding a property well below market value depending on the seller’s intentions.

Kinds of Properties

There are so many different types of property, its almost like a smorgasbord. It can be a fixer-upper, foreclosure or just motivated sellers. With a few online strategies and tools, you can tap into the hidden bargains available online. Investors who use the internet wisely can find 100s of real estate deals monthly.

Use the Internet

Why shy away from internet marketing, when there is massive potential and you can get more deals faster than your competitors. Many experienced real estate investors have turned to the internet to find as many real estate deals as they can without leaving the office.  Read More→

Stay the Course

Posted on January 11, 2017 by

How do you succeed as a real estate investor?  How do you succeed as a person?  Simple: Stay the course!

But what course?  Whose course?  Heck, how do you know if you’re even on the right course?

Your course begins with an idea – YOUR idea!  What feels right to you?  Answer this question: What were you put on earth to do?  Ever thought about this?  I mean, after all, you’re here for a reason, right?  What’s that reason?

For eighteen years, I sold Electrolux vacuums door-to-door.  It paid me a lot of money.  Only one problem: I wasn’t put on earth to sell vacuums door-to-door.  So why didn’t I quit much sooner?  Because everyone around me told me that I’d be a fool to walk away from the huge money-earning potential Electrolux offered.  Read More→

Last month, we talked about the words we use and how powerful they are. This month, we’re going to take it to the next level.

So there’s a famous study that was done a while ago by Dr. Albert Mehrabian, that showed that only 7% of our communication is conveyed through words, 38% is from our vocal tonality, and the rest (55%) is through ‘nonverbal elements,’ such as your posture, gestures, and facial expressions.

Based on what I wrote in my last article, I believe that our words represent a lot more than only 7%, but that’s not what this article is going to be about. No, in this article, we’re going to get into that other stuff – specifically: Tonality – HOW we say what we say. 

Call me crazy for trying to write about something you HEAR.  Obviously, this would be a lot easier for me to demonstrate in a video, or on an audio recording. But we don’t have that luxury here, so I’ll just have to flex my writin’ skills!  Read More→

Making Foreclosures Your Choice

Posted on January 11, 2017 by

When looking for an investment opportunity it is always worth considering buying foreclosure properties. You should absolutely take the time to explore all avenues to make this the most profitable. The best thing you can do for yourself is learn about ways to purchase a home any party lost. As they say, “their loss could be your gain”.  REIA Comps can help you navigate the twists and turns of the buying process. 

Unfortunately, homeowners being foreclosed on know that once the bank forecloses, their house with be up for auction. At that point, the property will be sold to the highest bidder. By working with homeowners before their foreclosure is finalized, you can pick up their home at a fraction of the price before it goes public. It’s a common practice among real estate investors and brokers. I want you to keep reading and learn how to pick up these deals.  Read More→

We all know that developing an effective marketing strategy is essential to getting any business off the ground. Educating yourself and discovering how to locate and motivate potential sellers to contact you is a must in making your real estate business a success. You must be able to locate prospects who want to do business with you. You must find the sellers who need to sell, not just want to sell their properties. This is essential to your success as a real estate investor. Coming into the new year this will an important step to growing your real estate investing business.

Marketing is also a numbers game, the more leads that come in, the more opportunities you will have to make deals. You won’t buy every deal that comes your way, but when you develop a machine that brings in quality leads, you will be able to pick and choose the deals you want to do. You will quickly learn to recognize quality prospects.  Read More→

Would You Close on Your Own Deal?

Posted on January 11, 2017 by

As we get ready to start the new year, I would like to start with a basic question…would you close on your own deal?

I am an investor who loves wholesaling so I ask this question with sincerity.  Would you close on your own deal that you send to your Buyers?  Seriously, assuming you had the money in cash, would you?

If you  have to think about the answer, then is it really a deal you should be sending out to your Buyers?  Of course one can say ‘well it is not an area I invest in but others do’ and I would respect that of course.  However, what I have found is a lot of wholesalers are not confident enough to where if they had to close on the deal, that they would actually do it.

In which case, I ask, why would you present that deal to your Buyers?  Read More→

Over the past few days I’ve been thinking about the different ways real estate investors can achieve their goals and dreams in the fastest way possible. I get asked this question frequently by students who are just getting started in the real estate investing business. As I thought about the different strategies of how real estate goals can be achieved, I came up with the three most common ways most investors use today.

First of all wholesaling is what I hear about the most. The problem as I see it with wholesaling is two-fold. First, wholesaling real estate is to me just like having a job. Once you get a property bought and either “pre-habbed” or if you assign your purchase agreement you are creating the Hamster On the Wheel way of doing business. You buy the property, you fix the property then you sell the property. At that time hopefully you get a check. You use some of the money you get to pay for your living expenses and if there is any money left you might use the excess to pay for a portion of the next deal you do.  Read More→

Have We Reached the Top of the Market?

Posted on January 11, 2017 by

On the Front Page of The Wall Street Journal on Wednesday Nov. 30, it stated “Home Prices Hit record levels”. If you read this article, you will think it is over, the window of the “massive profits in real estate” opportunity has slammed shut. If you did not buy any property since the great recession, you have missed the boat. In your old age when you go into the smelly retirement home, that your Social Security or what’s left of it will pay, you will remember this lost opportunity of buying real estate in the 2012-2016. Yes, it is true the national average states that prices have recovered. If you sat on the fence, you have missed that once in a lifetime opportunity. You decided that the market wasn’t right and you would wait. Those who waited have lost the greatest opportunity in this decade or life time to hit it big and coast into retirement. You might as well go to your “JOB= Just over broke” opportunity and sell your health, back, brain and soul to the company. Don’t invest in any more real estate courses… Save your money, you will need it for your retirement.  Read More→

Self-Directed IRAs and Real Estate Notes

Posted on January 11, 2017 by

Expected returns are hard to come by. Stocks are at elevated P/Es on a historical basis, and yields are near all time lows. With economic growth sluggish, at 2-3 percent per year, any major gains will have to come from multiple expansion – and who can count on that? Earnings multiples can fall as easily as rise. This is what caused many of us to gravitate to self-directed IRA strategies in the first place!

Bonds aren’t much better, in the publicly traded market. There’s some downside protection, in theory.

Fortunately, electing to use self-directed IRA strategies allows you to transcend the limited publicly-traded stock and bond world, and explore hidden opportunities that are invisible to most investors – but which still offer reasonable yields – at acceptable risk levels, or at least with some security.

One such opportunity for self-directed IRA investors: Discounted Owner-Financed Real Estate Notes.

Here’s how it works:  Read More→

As an Investor, having a Realtor to work with is important in your business if you are buying or selling houses on the Multiple Listing Services.   Many new Investors rely on their Realtor to send them “good deals” to buy, hold, fix and/or flip.  However, a Realtor does not know what good deal means to an Investor.  A good deal for us could be the cash flow that you receive on a rental property or it could be the profit that you would receive from reselling the home.  As Investors, you are taught a MAO “Maximum Allowable Offer” Formula in which you use to make offers on homes for buying, fixing and reselling.  The formula varies based on your own situation.  The average formula used for Investors who have to get hard money to purchase the home would be:  ARV (After repaired Value) x 65% – Repairs = MAO.  Let me give you an example:  $100,000 (ARV) x 65% = $65,000 – $10,000 Repairs = $55,000 Maximum Allowable Offer.  This formula would then leave you with $35,000 for holding costs, cost of money, closing costs of purchase and resale, and then profit.  Your MAO formula would be different if you are purchasing the home as a Landlord and/or you have your own money to fund the deal.  You may be willing to pay between 70-75% of the After Repaired Value for the home – Repairs = Your MAO.  Read More→

Paying Bills in QuickBooks Online

Posted on January 11, 2017 by

In a previous column, we talked about setting up bills in QuickBooks Online. Now it’s time to pay them.

We recently laid out the benefits of using QuickBooks Online for bill entry and payment. It’s faster than manual methods. It leaves an electronic record of your accounts payable. And it helps ensure that bills are paid accurately and on time.

As we discussed, QuickBooks Online employs a two-step process for bill payment. Once you’ve completed the first (setup), the hard part is done, and you can move on to fulfilling your financial obligations. Let’s take a look.

Warning: Because you may be “handling” a lot of your bills twice in QuickBooks Online, this system can take some getting used to. We’ll be happy to walk you through the process until you’re comfortable.  Read More→

“I live a highly scheduled life. There’s absolutely no time wasted. I’m very focused. And I have a great assistant.” ~ Madonna

Amazon Echo has been a game changer at my house. I find it a great selling point for new homes I’m working on as well. I use “Alexa” to turn on my lights, my television, set the thermostat and basically anything that’s connected to the system. It’s been really helpful around the holidays too, baking with the family has been a breeze while “Alexa” sets up the timer and converts measurements for us.

I’ve talked about other systems, like the Ring for the doorbell answering service, but Amazon comes to a new level with Echo. Technology won’t solve all our problems but it does make things a bit easier. While baking holiday cookies with the kids, I do have a bit of trouble in the kitchen. It’s just that Echo made small tasks easier like setting the timer and changing the measurements from weight to cups. Small hiccups were easier to get through when the tech was literally a voice command away.  Read More→

Know Your Guru

Posted on January 11, 2017 by

With the internet, fake news and social media anyone can create a persona and/or a story and have people believing it is true. With a great marketing plan, a website, paid likes, paid followers, a cheap book on Amazon written through research as a top seller and some know how you can be the next real estate guru. And who knows, maybe you end up knowing more IN THEORY than actual successful investors but it would only be in theory. Therefore, you should be cautious of who you are giving your money to and more importantly who you are learning from. Here are a few questions you should ask along with a few acceptable answers.

The number one thing to do is find referrals. I do not mean the testimonials on their website, unless you personally know of that person in your market area, but someone in your local REIA that has used that person and has hopefully had success. Ask them if the guru and/or their program provided what it advertised. However, also keep in mind that you have to ask detailed questions to find out if that person actually implemented the program. For this reason, you want to find as many referrals/users as possible. Eventually you will begin to notice a consistency that the program was not as advertised, good but lacked content, ok for a beginner, not worth buying, terrible or maybe so bad they will give you the content.  Read More→

Thurs, January 12th at 6PM @ Doubletree Suites Tampa Bay
Tampa REIA – January 12th
at the Doubletree Suites Tampa Bay
Extreme Lead Generation & Magical Marketing Blueprint
Real Estate Investing for the 21st century!
with Duncan Wierman

Tampa REIA Members Can Attend for NO CHARGE.
Guests Can RSVP Online Now for $15 or Pay $20 at the Door.

Tampa REIA Members Please RSVP on Meetup.com
Tampa REIA Members Please RSVP on Meetup.com

RSVP Now!

Duncan WiermanForget investing the old fashioned way. Let technology do the heavy lifting! Today, savvy investors are using cell phones and laptops to rake in their fortunes. If you want to learn to do the same, don’t miss the Tampa REIA Meeting on Thursday, January 12th at 6PM at the Doubletree Suites Tampa Bay located at 3050 North Rocky Point Dr West in Tampa, FL where Duncan Wierman will show you how to make huge profits in today’s real estate market by combining real estate with the power of the internet and mobile devices!

Duncan is The Master of Strategic Marketing using Online Marketing, Social and Mobile Media for Market Domination! Duncan helps real estate investors grow their businesses by developing online lead generation strategies that will make massive differences in your sales revenues in your investing market niche.

With Duncan’s assistance, you too can tap into how to use the Internet to grow your business – more quickly and profitably. Following Duncan’s strategies, you will learn…

  • How to have motivated sellers and hungry buyers coming to YOU.
  • How to use the Internet as a tool which will do 93% of the work for you.
  • How to effortlessly generate massive profits on every transaction.
  • How to literally flip deals from seller to buyer in as little as 2 hours.
  • How to have hundreds of investor/buyers knocking on your door in as little as 2 weeks.
  • How you can negotiate deals at home and in your spare time.
  • How you can flip a property ANYWHERE, even if that property is 2000 miles away.
  • How you can run your entire business from your home computer VIRTUALLY!

At the meeting, Duncan will reveal…

  • The 3 key factors that will sky rocket the amount of leads you get every month.
  • How to develop an effective client nurturing process which will build your brand credibility and give you an unfair advantage over your competitors.
  • How to use social media sites such as Facebook and Twitter correctly – so that they are an effective and powerful channel for marketing your business.
  • The overlooked ways to advertise your business online – so that you will reach more prospects every day than any of your competitors, usually while spending much less time, effort and money.

Duncan will guide you to even greater success using his vitally effective marketing approach, based solidly on…

  • How to buy and sell real estate using the internet!
  • Finding motivated sellers, hungry buyers, private money lenders!
  • Automating and using systems in your business!
  • How to use Social Media Marketing and Mobile Marketing effectively!
  • How to buy and sell REO’s!
  • And much, much more!

Please come join us at Tampa REIA on Thursday, January 12th at 6PM at the Doubletree Suites Tampa Bay located at 3050 North Rocky Point Dr West in Tampa, FL to learn how to generate more motivated leads so you can buy and sell more houses and make 2017 your best year yet! We’ll have door prizes, networking, learning, haves and wants, and as always, a great time!

As always, Tampa REIA Members can attend the event at no charge and Non-Members can Register Online for $15 or pay $20.00 at the door. Be sure to bring your business cards and flyers and join us for an evening of real estate deals, vendors, networking, education and fun! See you there!

Tampa REIA Members Please RSVP on Meetup.com
Tampa REIA Members Please RSVP on Meetup.com

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 Duncan Wierman on Extreme Internet Marketing
9:30 PM: Late Night Networking at Bahama Breeze

*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.

9:30PM: Late Night Networking at Bahama Breeze
Late Nite Networking at Bahama Breeze

Bahama BreezeAfter the conclusion of the Tampa REIA Main Meeting (around 9:30PM), we will be reconvening at Bahama Breeze located at 3045 N Rocky Point Dr E in Tampa for the “Meeting after the Meeting” with Scott Siegle and the rest of the Tampa REIA Crew. 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!
Sat, January 14th at 9AM @ Doubletree Suites Tampa Bay
Extreme Internet Marketing
Workshop for Real Estate Investors
Discover Internet Strategies for Real Estate Investing That Will Allows You To Quit Your Job In As Little 180 Days!
A Full Day Workshop with Duncan Wierman
Saturday, January 14th from 9AM-5PM
Doubletree Suites Tampa Bay
3050 North Rocky Point Dr West, Tampa, FL

Duncan WiermanJoin Duncan Wierman on Saturday, January 14th from 9:00 AM to 5:00 PM (Registration starts at 8:30 AM) at the Doubletree Suites Tampa Bay located at 3050 North Rocky Point Dr West in Tampa, FL for an amazingly incredible, step-by-step real estate training workshop where he will teach you how to Buy 5, 10, 15 houses or more per month, grabbing houses up fast and selling them for huge profits within hours, without risk, and without leaving your home!

You need to attend this training if…

  • You want to run your own business from home, and enjoy the freedom of automatic income…
  • You want to declare independence from your lousy job and your stupid boss…
  • You want the freedom to spend your time any way you wish, with whomever you wish…
  • You are burned out with the stress of trying to find motivated sellers and hungry buyers…

This is a breakthrough Marketing Workshop is designed to teach you “How To Create A Constant Stream Of Motivated Sellers and Hungry Buyers That Call You” and may be the most important trainings you’ve attended all year!

The absolutely, positively Most important knowledge you must have to succeed in real estate investing is NOT about buying houses… it’s about “MARKETING YOUR REAL ESTATE ABILITIES” and generating leads!

There are 100’s of ways to do a deal, but if you don’t have LEADS you have NOTHING. It’s time to face reality. You’re not in the real estate business… you’re in the business of marketing your real estate business!

If you want to succeed and prosper as a real estate entrepreneur, you require a totally new set of marketing skills. Now is your chance to acquire those skills and put them to use in 2017!

How would you like to learn a marketing system that teaches you things like:

  • Attract dozens of desperate, motivated sellers so you can cherry pick the hottest deals. Uncover hidden bargain deals on the Internet at record breaking speed.
  • Buy properties below 65 cents on the dollar and then sell them within 1 hour.
  • Turn your business into a system that makes you over $32,756.32 a month, each and every month!
  • How to set up a system that can “sniff out” hidden properties that virtually no one is competing for, so the sellers see you as the only game in town.
  • The incredible way to have automatic “robots” tirelessly working for you day and night, bringing you qualified customers and hot deals.
  • How to get “private money” to finance your deals. No more getting fleeced by banks! Have your phone ringing off the hook with people begging you to take their money!
  • How to get insane real estate profits even if you’re holding down a day job and have no time to yourself
  • The best way to boost your credibility with sellers, even if you’re new to real estate investing
  • Create a HUGE list of investors who want to be notified FIRST! They will be begging to buy your houses.
  • How to market, buy, sell, and/or assign property online, to make MILLIONS from home

We are going to PROVE IT to you live at this full day Extreme Marketing Workshop on Saturday, January 14th from 9AM to 5PM.

Register Now and join us to discover Duncan’s secrets that he will be to sharing with you. These are the strategies that he has perfected throughout his own Real Estate Investing ventures and he will show you step-by-step how YOU can implement them into your business today. Register Now!

Register Now!

*PLEASE NOTE: The 2-for-1 Early Registration Special is only for Tampa REIA Members and is limited to spouses, adult children and corporate partners. Non-Members who join Tampa REIA between Jan 1st through Jan 12th, 2017 can attend the workshop for FREE as new members and can bring a qualified guest. Also, Tampa REIA Members who renew their membership for an additional year between Jan 1st through Jan 12th, 2017 can attend the workshop for FREE as well. When joining Tampa REIA or renewing your membership, please indicate that you want to attend the workshop at no charge.

See Tampa REIA Events Calendar for More Events!