Archive for February, 2017

Thurs, March 9th at 6PM @ Doubletree Suites Tampa Bay
Tampa REIA – March 9th
at the Doubletree Suites Tampa Bay
Tenant Management
Change Your Paradigm & Change Your Results!
With Special Guest, David Tilney

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

David TilneyMention the words landlord and tenant in the same sentence and most people think of conflict. David Tilney wants to rewire your brain and change that thinking. He has been managing property and tenants since 1978 and believes that landlords and tenants can cooperate to achieve more benefits for both parties. David believes that his tenants are his greatest assets and that managing rentals is the lazy man’s way to play the real estate game.

Come listen to a different point of view from a landlord who loves what he does. Come join us at Tampa REIA on Thursday, March 9th at 6PM at the Doubletree Suites Tampa Bay located at 3050 North Rocky Point Dr West in Tampa, FL where David Tilney will share tools to help you avoid landlord burnout. David will turn the traditional view of property management upside down and do his best to convince you that tenants are not a necessary evil.

David Tilney graduated from the University of Denver in 1973 with a degree in psychology. He started investing in rental property in 1978 and has been managing property since 1980. David enjoys his landlord – tenant relationships and has spent 26 years teaching other landlords how to become better landlords and to avoid burnout. Please come meet David and the meeting and allow him to share his many years of experience with you!

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

RSVP Now!

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!

*Meeting Agenda
6:00 PM: Tampa REIA Meeting in Tampa
6:15 PM: Announcements, Introductions, Haves & Wants
7:30 PM: Panel Discussion with David Tilney
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 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!

David Tilney

Posted on February 27, 2017 by

David TilneyDavid Tilney began investing in real estate in 1978. He began managing properties when he couldn’t find a competent company to manage his own rental portfolio. Over the years, David has invested in rentals, notes, foreclosures, tax sales, IRS liens and leasehold interests. David has become the “go to” guy for management of single-family homes and loves being a landlord. He looks forward to hearing from his tenants, but often feels like the repairman in the old Maytag appliance commercial who rarely gets a call.

David and Mary, his wife of 43 years, reside in Naples FL and spend summers in Colorado Springs. They manage their portfolio of rental houses from wherever they are without employees. Their three daughters and their husbands (who have blessed them with 8 grandchildren) have also invested in rental property. David believes that owning rentals is not a get rich quick scheme, but an investment that can sustain you when you choose to retire or can no longer work and continue to provide for your heirs when you have passed on.

Tue, February 21st @ 1PM in Tarpon Springs
The BRAND NEW
Onsite Renovation Group

Hands-On Learning “Onsite” at Real Renovation Projects
Tuesday, February 21st at 1:00PM
38 Kreamer Ave, Tarpon Springs, FL

38 Kreamer Ave, Tarpon Springs, FLPlease join us on Tuesday, February 21st 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 38 Kreamer Ave, Tarpon Springs, FL which is Dave and Dee Graham’s rehab project. This is a mid century Spanish revival home. This is a great opportunity to see the house before the rehab starts and hear what the Graham’s plans are for the old home. 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!

See Tampa REIA Events Calendar for More Events!
Wed, February 22nd @ 7PM on GoToWebinar
Beginning Investors Group Online
How to Generate Leads Online & Invest Virtually
with Duncan Wierman on February 22nd @ 7PM on GoToWebinar

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

Register Now!

PLEASE NOTE: This is a BRAND NEW Registration Link for Feb 2017. Even if you have registered for BIGO in the past, you must re-register using this NEW Registration Link for Feb 2017 or you won’t be able to attend any of the upcoming BIGO webinars.

Duncan WiermanDo you need more motivated buyer and seller leads in order to do more profitable deals? If so, be sure to join us at the Beginning Investors Group Online on Wednesday, February 22nd at 7:00PM ET where our special guest speaker, Duncan Wierman, also known as “Mr. Lead Generation”, who is one of the nation’s foremost Marketing Strategists for real estate investors will teach you “Extreme Online Lead Generation & Virtual Real Estate Investing”!

Duncan is a full time investor in Greenville, South Carolina. His business revolves around automated systems so he can do less work and make more money. He has used internet marketing and automated internet systems for attracting buyers, sellers, and investors have allowed him to do over 300 deals a year without leaving his desk!

After doing real estate investing the hard way, Duncan finally swore to himself that he’d had enough. He then invested serious time and money into using systems that would pay off in less aggravation, more time, and more profits! He became an expert in finding motivated sellers, hungry buyers, and private lenders through the Internet.

Forget investing the old fashioned way. Let technology do the heavy lifting! Duncan will show you how to make HUGE profits in today’s real estate market by combining real estate investing knowledge with the power of the internet and technology!

You will learn at BIG Online…

  • How to earn unlimited income by working just 3-5 hours each week
  • Have motivated sellers and hungry buyers coming to YOU instead of spending hours trying to reach them
  • Use the Internet as a tool that will do 93% of your work
  • Use the exclusive software that I’ve developed to effortlessly generate massive profits on every transaction
  • How to literally flip deals from seller to buyer in as little as 2 hours
  • Have hundreds of investor/buyers knocking on your door in as little as 2 weeks after you start using my system
  • How you can negotiate deals at home and in your spare time
  • How you can FLIP Foreclosures with no cred, no money down, and no risk to you or your personal finances
  • 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!
  • And much, much more!

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!

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.

Register Now!

PLEASE NOTE: This is a BRAND NEW Registration Link for Feb 2017. Even if you have registered for BIGO in the past, you must re-register using this NEW Registration Link for Feb 2017 or you won’t be able to attend any of the upcoming BIGO webinars.

About the Beginning Investors Group Online (BIG O)

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.

See Tampa REIA Events Calendar for More Events!

The Profit February 2017 Edition

Posted on February 9, 2017 by
The Profit Newsletter for Tampa REIA February 2017
Download the February 2017 Edition of The Profit Newsletter Now!

The Profit - February 2017 - High Quality PDFThe February 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.

I have heard it 100 times over…

That wholesaler, fill in the name, totally ripped me off.  False rehab costs, false appraisals, false inspection reports, false ARV…and on and on.

Last month we talked about experienced wholesalers.  This month, let’s flip it over to the new Buyers.  They are new, excited and hungry.  And they are prime targets to get taken advantage of by some wholesalers.  Unfortunate as it is, there are wholesalers that are less than credible.  I have seen quite a bit of less than ideal advertisements.  Some examples:  Read More→

One of the Questions I am frequently asked by students wanting to implement a direct mail campaign is where to get the lists of sellers to mail to. While there are several resources available, I find they vary greatly in price and in quality of the lists. It is important for you to find a good, reliable source for your lists. When doing direct mail campaigns, their success is going to be based 70% on the list and 30% on the direct mail piece you are using to contact these motivated sellers.

There are a couple of resources for lists that I find to be especially reasonable in price and the quality of the lists is excellent for your use. One of those resources is very easy to find and simple to use use. Just go to your property appraiser, auditor, or assessors’ office and ask them to put the lists together for you. You will need to target specific types of sellers you want to do deals with. If your county is online preparing this list is usually pretty simple for them to do. I will suggest to you that you go down to their office and ask them for their help in person to customize these lists for you. If you just call them, you may get “blown off” by someone who doesn’t want to do the extra work, or you may get someone on the phone who doesn’t understand what it is that you need. I know all of this from personal experience with counties I have worked with. In addition, if you live in a particularly large county, they have plat maps you can look at to subdivide your lists by specific areas you want to mail to. This is just another way for you to hone in on the area and type of seller you want to work with.  Read More→

The Key to Your Profit

Posted on February 9, 2017 by

People from all over the world have a common trait. No matter what the product, the word SALE always draws our attention.

When it comes to real estate, that same line of thinking stands.  The phrase “you make money when you buy, you realize that money when you sell” continues to ring true. The challenge is being able to spot that awesome deal amongst many poor or inadequate deals.  I cannot stress enough proper real estate investing education should be your goal. Using REIA comps to analyze every new deal you do is the avenue that will help you make such a distinction.

There are many people venturing out and searching for additional ways to make additional income.   Investing requires knowledge of different techniques which can be used when trying to buy, sell, negotiate or repair a house.  Having proper investing education to stand on can mean the difference between success and failure.  Read More→

This year will be different.  Has it happened?  Has the flame gone out? Is the passion gone away? Have you followed through?  One way that I keep the passion alive, is to have access to more money than I can use to produce great investments. Raising capital is not very hard. Getting over the psychological parts of making “the ask” seems to be the difficult part for most people. I have been approached over the past year by a number of people who want me to fund their projects. I can get excited about this because I can see they have a project which will work and make us a lot of money. 

I was at a networking event recently. There where people in the room who wanted to invest in real estate projects and earn a great rate of return. There were people who did not have a clue as to what lending is all about, that there are multiple alternative investments, other than the traditional ways Wall Street gets your money. There were individuals who were reluctant to dip their toes into the pool of lending to investors. There were people there who had projects, which they wanted to get funded. So the environment was ripe for synergy to happen.  Read More→

Stop Wasting Time: Timyo App Review

Posted on February 9, 2017 by

“If time be of all things the most precious, wasting time must be the greatest prodigality.” ~ Benjamin Franklin

I didn’t think Timyo was going to be a game changer for me. I already felt like I had great management tools using Gmail in the first place. A friend recommended that I check out this new app so I tinkered with it for a while. It is an email inbox management system that works best with Gmail, Office 365, Outlook.com and Hotmail. I have tried other inbox zero apps but I’ve felt like it’s a waste of time for me to go through all my emails weeding out the junk. I have used Gmail options before but it still seemed like I was getting a lot of emails that were not a priority first. My time is valuable since I’m running multiple projects, what I focus on needs to be what moves me along to the next step in line.  Read More→

Having met with numerous new investors and/or wholesalers, I am always asked, “How do I get more properties? Where can I find more deals? What kind of marketing do you do to get leads?” The questions continue with the same idea in mind. I understand that you are eager to start and begin marketing in order to get your first deal done, but are you truly ready? In most cases I would say, NO.

Marketing is not cheap and you may be throwing away money if you do not have a good foundation in sales, or better yet problem solving. Over the years, I have made more money solving problems than “selling” a person on selling me their property. In fact, I am rarely the highest bidder. I attribute this to being able to come up with the best solution to the seller’s problems. Most would assume that the property for sale is the problem but many times that is only the start. Usually a person is selling a property to get rid of a headache and/or to realize a profit in order to solve another lingering problem. Problems can be as small as not being able to repair the property to as big as being behind a year or more on mortgage payments. Let me give some examples to demonstrate what it is I am referring to.  Read More→

I am writing this article because I mentor so many people who desire to become successful in real estate; however, their life gets in the way of educating themselves.  Making offers on the Multiple Listing Service (MLS) is a great way to find Sellers, yet, when you submit an offer to the Seller, the Realtor really doesn’t know the answers to the following questions.  Is there a mortgage on the property?  Are the Sellers in foreclosure (unless it is a short sale)?  Is it a probate matter and how many heirs are in the estate?  What permits have been pulled for the property and what dates were items like the roof or A/C installed (this information is sometimes provided in a Sellers Disclosure)?

After talking with a Seller and/or finding a Vacant Home, the research you do is a vital part of your business success.  I provide students with over 43 ways to find motivated sellers without using the MLS.  Knowing in-depth information about the Seller’s situation, ownership and mortgage balance allows me to negotiate and close more deals than just listening to what a Seller has told me.  In fact, Sellers normally tell you what they want and not what they NEED.  In order to make a deal work for all parties, we need to find out what they NEED, not what they want, then see how/if we can create a win-win situation.  Read More→

Are Your Property Taxes Too High?

Posted on February 9, 2017 by

Are your property taxes too high?  If they are, in the past three years, how often have you attended your county commissioners’ meetings to voice your outrage? 

My mother taught me early on that silence is a form of acceptance.  Most times at these county commissioners’ meetings the silence was deafening!

If your property taxes are too high and if you don’t speak out at the public government hearings, then you lose your right to complain.  Instead, just step up to the window and pay the nice lady what you owe without one complaint!

Since 2006, Kim and I have fought our property taxes 142 times.  We’ve won 122 times – that’s an 86% success rate.  I don’t say this to brag; I say this to let you know that you can fight your property taxes and win!  Just know that it’s a learned thing, not a born-knowing-how-to-do-it thing, and it begins with standing up and speaking out!  Read More→

Ringing Out 2016 in QuickBooks

Posted on February 9, 2017 by

2017 is here. Now’s the time to do your end-of-year QuickBooks tasks.

Since early January of this year, you’ve been faithfully creating new records, entering transactions, and recording payments. You’ve run basic reports. You’ve done your collection duties. You may have paid employees and submitted payroll taxes.

Now the end of the year is rapidly approaching. In the midst of holiday get-togethers, gift shopping, and perhaps preparing for travel, you probably have a list of work tasks that must be completed by December 31.

Is your annual QuickBooks wrap-up on that list? It should be. Here are some of the things we suggest you fit into your busy schedule sometime this month.  Read More→

The recent series of wildfires here in our own Smokey Mountain region of North Carolina and Tennessee has been devastating. The fires around Gatlinburg, Tennessee late last month resulted in at least 2,460 structures that were damaged or destroyed, and the death toll has reached at least seven.

Lots of people have lost their homes and businesses – and surely many of them were uninsured for wildfire damage, or will find that they were woefully underinsured.

The real estate investment community, including real estate IRA owners, can and should be active in this environment. By offering a fair price for fire damaged properties that we have the capital to repair and resell or rent, investors will be vital players in helping a traumatized community get back on its feet and rebuild.  Read More→

Talent vs. Skill

Posted on February 9, 2017 by

Quick question for you: Are you talented? Or do you have skills? THAT is the question of the day.

And before you answer that, let me define what they each mean, because it’s vitally important to know the difference between the two. :)

Then after we define the difference, we’re going to help you leverage one in order to maximize the other so that you’ll be able to get whatever you want with minimal effort.  Sound good? Let’s get started…

What is TALENT? Simply put, it’s what you’re born with. Your God-given gifts. Your natural tools. For example, the ability to run really fast or sing extremely well. Other examples would include being mathematically-inclined, naturally charismatic, graceful & coordinated, or naturally artistic.  Read More→

Dozell Varner

Posted on February 3, 2017 by

Dozell VarnerDozell Varner is an Account Executive at Visio Lending, specializing in assisting real estate investors with long-term alternative financing for their rental properties. Dozell has been in the real estate investing arena since 2008. As a senior in college, he launched his first company – primarily focused on consulting and wholesaling – while sustaining a full athletic football scholarship at Florida Agricultural and Mechanical University.  Read More→

Nathan Trombetti

Posted on February 3, 2017 by

Nathan Trombetti Nathan Trombetti is the Chief Investment Officer of Secured Investment Lending Corporation (SILC), which has operated as a licensed Hard Money lender in Florida since 2009, exclusively lending on non-owner occupied investment properties as well as commercial properties.

Mr. Trombetti believes in conservative lending practices and instills rigorous underwriting guidelines which has facilitated an increase in SILC’s servicing portfolio every year since inception. It has since expanded from a local mortgage lender in Central Florida to a regional lending institution. This traditional philosophy also prevents potential borrowers from taking on projects that may pose risk for all parties involved.  Read More→

Gregory Emmer

Posted on February 3, 2017 by

Gregory EmmerWhile Gregory Emmer joined EquityMax full time since 2008, he has been actively involved with the business since 2002, when he first obtained his Real Estate Sales Associate license.  Subsequently, he has obtained his Real Estate Broker and Mortgage Loan Originator licenses in Florida.  Since he started at EquityMax, Gregory has been a key contributor in generating new client relationships as well as nurturing existing client business.  Read More→

Jackson Jones

Posted on February 3, 2017 by

Jackson JonesOver 25 years’ experience in the Real Estate industry. His extensive background as an attorney whose focus was on was serving the investment property and commercial market. Currently he serves as the Business Development Director for Angel Oak Prime Bridge. Angel Oak Prime Bridge, LLC (AOPB) is a commercial residential lender providing financing solutions for today’s real estate investor. Our Mission Statement To be today’s best Residential Investment Property Lender by providing world class service and loan programs that are fast, simple, flexible, and dependable.

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