Tampa Real Estate Investors Alliance Blog

The Profit August 2017 Edition

Posted on August 10, 2017 by
The Profit Newsletter for Tampa REIA August 2017
Download the August 2017 Edition of The Profit Newsletter Now!

The Profit - 
August 2017 - High Quality PDFThe August 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.

Tangie Cousins

Posted on August 16, 2017 by

Tangie Cousins Tangie Cousins has been working with Investors, Realtors and Attorney’s for almost 15 years now. She is an Independent Contractor and attends multiple Investor meetings on a regular basis and has for years. Tangie works with a Company called Foreclosures Daily.

Foreclosures Daily is a nationwide lead provider that has been in business since 2004. They are the Internet’s number one destination for the most detailed, timely and accurate information. Foreclosures Daily provides leads to suit your real estate needs such as Probates, Pre Probates, Inheritance, Divorce, Code Violations, Evictions, Lis Pendens, Auctions, Absentee Owners, Tax lates and Cash Buyers just to name a few.

Thurs, August 10th at 6PM @ Doubletree Suites Tampa Bay
Tampa REIA – August 10th
at the Doubletree Suites Tampa Bay
Unlock The Secrets to Real Estate Investing Success in Today’s Changing Economy & Competitive Seller’s Market
With Special Guests,
Bill & Dwan Twyford

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

Bill & Dwan TwyfordWe are excited to announce that Bill & Dwan Twyford will be our special guest trainers this month at Tampa REIA on Thursday, August 10th at 6:00 PM at the 3050 North Rocky Point Dr West in Tampa, FL.

We are very excited to have national real estate experts Bill & Dwan Twyford, The Real Estate Rock Stars, right here in Tampa. Bill who started as a paint contractor, turned rehabber, turned flipper, turned Nationwide Real Estate Trainer and his wife Dwan who started as a broke, single mom that had been fired from Denny’s. She now heads up “The Investors Edge University” – A company that specializes in training new and seasoned investors in a wide range of real estate investing techniques through live workshops, weekly webinars, a member site, and seminars. Dwan, herself, has flipped over 2,000 deals so she is more than qualified to share her vast knowledge of real estate investing with us on Thursday, August 10th at 6:00PM at the Tampa REIA Main Meeting

Bill and Dwan are going to share how they’ve bought and sold over thousands of properties, Notes, Rehabs, Short Sales, and Wholesales and how you can do it, too! This will be a little taste of Bill’s and his wife Dwan’s upcoming Foreclosure Summit in right here in Tampa Saturday & Sunday, August 12th & 13th.

You Will Learn:

  • How to find Real Estate for pennies on the dollar
  • How to turn YES’S into huge cash
  • How to get homeowners to say “yes”
  • How to get past pre-programed no’s in communication
  • How to build long-term wealth
  • How to classify the areas you work
  • And That’s Not All…

Make plans to attend the Twyford’s presentation on Thursday, August 10th to discover the golden nuggets of Secrets of Closing the Deal Bill and Dwan plan to share. They are flying in all the way from Denver, Colorado to be with our group. It is an honor and a privilege for us to have speakers of the Twyford’s caliber so please RSVP today, let’s give them a great group, full of tons of energy, and make them feel welcome at the Tampa REIA Main Meeting.

If you want to learn how to grow your business exponentially,without the head and heart aches that could come along with it, please RSVP for Tampa REIA’s Main Monthly Meeting and we will see you here!

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: Feature Presentation with Bill & Dwan Twyford
9:30 PM: Late Night Networking at Bahama Breeze

*Please Note: Meeting agenda is subject to change.

5 Days & 4 Nights in CancunWIN A VIP EXPERIENCE JUST FOR YOU: All participants who attend the Tampa REIA Meeting will entered into a drawing for a chance to win a *Complimentary 6 Day, 5 Night Stay for You and a Guest at One of 6 Incredible Mexico Destinations! *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!
Sat & Sun, Aug 12 & 13 at 9AM @ Doubletree Suites Tampa Bay
Tampa REIA Presents…
Cash In A Flash
Foreclosure Summit
2 Full Days Workshop with
Bill & Dwan Twyford
Saturday and Sunday, August 12th & 13th from 9AM-5PM at
Doubletree Suites Tampa Bay
3050 North Rocky Point Dr West, Tampa, FL
*2-for-1 Early Registration Special
Register Now & Save Big Time!
*Join Tampa REIA or Renew Your Membership & Attend at No Charge!

Bill & Dwan TwyfordRegister today for the Two-Day Cash In A Flash Foreclosure Summit on Saturday & Sunday, August 12th & 13th at 9:00 AM held at Doubletree Suites Tampa Bay located at 3050 North Rocky Point Dr West in Tampa, FL with Bill & Dwan Twyford -the Nation’s leading foreclosure experts. In fact, Bill and Dwan are considered the Nation’s #1 experts in Short Sales®, Foreclosures, Flipping, and Negotiating!

They have personally bought and sold over 2,000 properties, bought millions of dollars in commercial property, coached 1,000’s of students through successful real estate deals, and have been making millionaires all over North America for almost twenty years.

If you don’t know them, that’s okay – You will get to know them very soon. They come from a place of ethics, hold themselves to the highest standards, and they make millionaires! They are the real deal!

They have written FOUR BEST SELLERS! Most recently, Bill co-wrote a book with Dan Kennedy and Dwan co-wrote a book with Steve Forbes. Why did these two mega-stars choose Bill and Dwan to co-write a book with – BECAUSE THEY ARE THE BEST IN THEIR FIELD!

It’s sad that so many people think you have to “get over on someone” to make a buck. At the Cash In A Flash Foreclosure Summit they will show you how to run an ethical, fair, and PROFITABLE real estate investing business that WILL make you a multimillionaire, too!

Here is a small sample of some of the topics that will be taught at this two-day summit:

  • No-Equity Foreclosure Strategies
  • Wholesaling REO’s and Notes
  • Area Classifications
  • Finding Off-Grid Properties
  • “Live” Field Training Techniques
  • Get Your Customers To Say “YES”
  • How To Work With Banks
  • Our Proven 3 Offer Short Sale® System
  • Buy Properties for 50% off Asking Price
  • Creating-Performing Notes
  • Millionaire Marketing Techniques
  • The Fed-Up Package H/O Options
  • Buying Bank Owned Properties
  • Building a 500k Per Year Business
  • Buying on Auction Sites
  • Working a Market No One Else is Working!
  • All this, Answers to Your Questions & Much More!

As you can see this will be a knowledge packed 2 full days of excitement and education. We look forward to seeing you at this great event on Saturday and Sunday, August 12th & 13th!!

Register Now!

*PLEASE NOTE: Non-Members who Join Tampa REIA between July 27th through August 10th, 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 July 27th through August 10th, 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. You can Join Tampa REIA at http://membership.tampareia.com.

See Tampa REIA Events Calendar for More Events!
Wed, July 26th @ 7PM on GoToWebinar
Beginning Investors Group ONLINE
Closing The Deal, Golden Nuggets Revealed!

with Bill Twyford on July 26th
@ 7PM on GoToWebinar

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

Bill TwyfordPlease be sure to join us at the Beginning Investors Group Online on Wednesday, July 26th at 7:00PM ET with Bill Twyford who will be teaching our members and guests about closing deals faster, better and easier than your competitors.

Bill Twyford, is also going to share how he has bought and sold over 1,000 deals by knowing what to say, when to say it and whom to say it to and how you can do it, too! This will be a little taste of Bill’s and his wife Dwan’s upcoming Foreclosure Summit in Tampa on August 12th & 13th.

What You Will Learn from this Session:

  • How to turn YES’S into huge cash
  • How to get past pre-programed no’s in communication
  • How to get 7 out of 10 homeowners to contract
  • How to get homeowners to say “yes”
  • And Much, Much More!
Register Now!

Bill Twyford, The Real Estate Rock Star, started as a paint contractor, turned rehabber, turned flipper, turned Nationwide Real Estate Trainer. Bill considers education in today’s real estate market a priority for individuals and families as well as investors. He believes that integrity and accountability are paramount to maintaining a successful business. As author of the best-seller book, “How to Sell a House When It’s Worth Less Than the Mortgage”, Bill has strived to help families in distress throughout his investing career. Bill believes that maintaining balance is important in everyone’s lives and strives to create a win/win/win situation in all of his business transactions.

Bill Twyford is funny, witty, and brings his “rock star” approach to life and will make an incredible impression to you on Wednesday July 26th on BIGO!

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.

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!
See Tampa REIA Events Calendar for More Events!

The Profit July 2017 Edition

Posted on July 13, 2017 by
The Profit Newsletter for Tampa REIA July 2017
Download the July 2017 Edition of The Profit Newsletter Now!

The Profit - July 2017 - High Quality PDFThe July 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.

A little history. Back in 2007-2008, not only did the Real Estate market change, but so did our entire economy.  With the near total melt down of our economy, Real Estate took a huge hit. The Banking/Lending industry all but shut down making mortgage loans.

This made it very difficult for us to do business.  Up to this point we were doing just about every creative technique out there for they were all working.  We were doing Subject To, Lease/Options, Private Money, Rehabbing, REO’s, Wholesaling, Wholetaling, Commercial, Building Spec Homes, etc.

Lending was way too loose, but that was what was making it easy to sell properties.  In fact, it was so easy, some even crossed the line and put home owners into homes that they knew they could never afford, but were able to obtain these easy to get loans.  We of course could not do that.  Read More→

I am sure you’ve heard the phrase “fake it till you make it” but I have never believed in this. I have found more success in being the real you. Even if it means that you don’t know what you’re doing in something you’re looking to pursue. This belief continues to work to this day. As I mentioned before, I am in the process of immersing myself in commercial real estate (CRE) as a broker and investor.

I spent many hours learning from Google, YouTube and a few podcasts. I invested the time in learning more to insure this was something I am interested in doing. Just because a person likes residential real estate does not mean they will like commercial and vis-versa. Once I was certain I wanted to do CRE I started to reach out to practitioners and investors. Obviously, I picked the brains of those in my immediate network during social gatherings but I did not have serious conversations with them until I was committed. I make it a point not to waste people’s time or my own because I learned, a long time ago, that time is too valuable.  Read More→

Sitting at the kitchen table there were three people, two sellers and the buyer.  I wanted to buy their house but did not have the $40,000 cash to do it… now. The presentation from my side went just like I had planned.  From the Seller’s prospective it was too good to be true. They were unfamiliar with investing in residential real estate. They did have other investments like a 401 K.  They let other people handle their investment accounts. They haven’t touched it or changed their investment direction in 20 years and they had lost money during the recession. When the 401K and investment statements came in the mail they never opened the envelopes to see what they had. What they had was HOPE! They had a mortgage and had owned two houses prior with a mortgage. They had never heard of private real estate investing and getting an interest rate as high as I was proposing.

What I wanted to do was to buy the house. The house had a first mortgage of $120,000 and equity of $40,000 for a total financing of $160,000.   I wanted to keep the first mortgage in place, have a $40,000 second and pay an interest rate of 8%. My exit strategy was to buy, fix and sell the property, just like they do on TV. It would be for one year, then I would sell the house and the mortgage would be paid off.  This method of financing was going to save me $16,600 in interest fees and costs. I could pay a higher price for the house with the owner financing. It would be a lower price if I paid all cash.  Read More→

A Real Estate IRA is a great opportunity. It’s freeing. It’s invigorating. It’s a thrilling way to potentially build up a major retirement nest egg so you can build wealth over the long term and enjoy the peace that comes with financial security. But that doesn’t mean it’s fool-proof, either. If you want to make the most out of a Self-Directed IRA in which you invest in real estate, you have to avoid some critical errors along the way. Here are four you need to be aware of:

Mistake #1: Not Hiring a Property Manager

Hiring a property manager is critical when you have a Real Estate IRA. Not only will it help take care of any problems with repairs, tenants, and other issues like that, but it will keep you from participating in a prohibited transaction since you are not allowed to provide services to your Real Estate IRA.  Read More→

Setting Up Users in QuickBooks

Posted on July 13, 2017 by

If you plan to have multiple employees using QuickBooks, you can limit their access to specific areas.

Controlling access to your QuickBooks company file is easy when you’re a one-person accounting department. You simply use one password to protect your data.

But when you add new employees to the mix, do you want them to have access to absolutely everything in QuickBooks? Probably not. You have confidence in your employees or you wouldn’t have hired them. But this isn’t solely a matter of trust. It’s just good business practice to restrict individuals to specific areas and responsibilities, no matter what the application.

That’s why QuickBooks has built-in tools to help you limit activity. Here’s how it works.  Read More→

So! What Do YOU Do For a Living?

Posted on July 13, 2017 by

“What do YOU do for a living?”

Those words can strike fear and paralysis in the hearts & minds of the tragically unprepared.  If you’re newly in business for yourself, or have just never really gotten your head properly wrapped around HOW you should respond to this powerful question, you’re sunk. Handle it the right way, and you’ll be rewarded with confidence, respect, and a fatter bank account.

And that’s exactly what we’re going to cover in this article. So shut off your Facebook & keep reading… 

It never fails. You’re out at a social event, taking a flight somewhere, or maybe you just strike up a casual conversation with someone somewhere sometime. If you’re both adults over the age of 25 or so, the question eventually comes up, “What do you do?”   Read More→

When I am purchasing a property either for myself or with my student/partner, we determine which exit strategy is the best for both parties.  Knowing whether you want to wholesale a property for a small profit or rehab/retail it for a big profit is important.  Many investors start off with wholesaling the properties because they either don’t have a money lender or partner to help them rehab/retail the house and sell it for a bigger profit.  If this is you, then I believe you really should find a partner or money lender so you have more than one exit strategy.

When you purchase a short sale, some of the lenders will put a hold time for the new buyer requiring them to hold the property for 30, 60 or 90 days before they can resell the property for a profit.  In addition, they may tell you that you can only make a certain amount of money on the property if you sell it earlier than 90 days.   Holding doesn’t bother my student/partners or myself because we normally choose to rehab the property and retail it for a higher profit.  Read More→

“I am thankful to all the souls, I meet in the journey of life.” ~ Lailah Gifty Akita

Touchnote App is a familiar app to many. It’s commonly used to create eCards for birthdays and holidays, as well as printing applications like greeting cards and framed photos. I have found a way to use this for my own needs that are unique to my business.

Using this app has freed up some of my time. How to gently and politely notify a homeowner that I have an interest in their home without knocking on the door and intruding on their routine. I’ve utilized the Touchnote App to reach out to these potential clients. I usually drive looking for vacant homes in particular. I just take a photo of the house and look up the homeowner’s address in the public tax records. I write a simple message explaining that I’m interested in buying the property. It’s so fast and takes the time and thought out of trying to reach out to these homeowners by phone or physically printing and paying postage on a postcard. The cost is $1.99, which is very reasonable. You can also reduce this price even more by buying in bulk, making the cost $1.50.  Read More→

Implementing the right list and using the right letter when creating your direct mail campaigns to locate motivated sellers is crucial to your success as a Real Estate Investor. There are lots of different ways to find these lists and lots of different types of lists to choose from.

The easiest way I suggest to locate a list to use for mailings is to simply go to your property appraiser’s office or auditor’s office and have them create it for you. There are many different parameters you can use to create these lists.

Some of the lists you could create might be directed at out of town owners, deed transfers, zip codes ranges, sale dates, estates, evictions, delinquent taxes or pre-foreclosures. These can all be good lead sources for you to use to find motivated sellers and these are lists that I use in my business on a daily basis in addition to several others.  Read More→

In this article, I want to discuss a simple way to develop peace within, while in the midst of the chaos that many of us live.

We spend our lives thinking that there is some end goal, some place where we can be that will finally bring total happiness. Then to get there we set crazy goals that consume most if not all our time.

You know the saying, “live like no one else today, so you can live like no one else tomorrow” a popular Dave Ramsey quote that is interesting to ponder. There is nothing wrong with dreams, setting goals, and hard work but the illusion that there is some destination, or some sanctuary that will save you is what I’m addressing here.  Read More→

Making money investing in real estate begins with determining the actual value of the property. This is the most important out of the many factors in real estate. The price of the property is determined with real estate comparables or comps.  Being that this is the maximum amount a seller could expect to receive for a given property, it becomes the starting point for negotiations. This is where you, as a real estate investor, make your profit when you buy the property.  Mess up here and it could become difficult to make money on the deal or at the very least the ideal profit you had hoped for.

When researching a property, you begin by comparing your target property with those in the surrounding area.   Be sure you know the details of your property.  The square footage, beds/baths, year built and location of your property are important criteria for determining how closely these other properties match or compare to your subject property.  Read More→

Wholesaling is probably one of the easiest, yet most deceiving aspects of Real Estate out there.  There is no shortage of people sharing how to be a wholesaler from online courses to packages to free videos.  When looking at all the information available on the subject, how does one know which information is correct (including this article)?

As someone who has run a wholesale group in our market now for over four years, I am going to share with you the qualities required to be in my opinion a successful wholesaler.  Our team has the privilege of being well connected and knowing most of them in our market.  Having wholesaled tons of properties and observed others doing the same, here are the qualities you will want to have to be a successful wholesaler. Read More→

Over the years I have heard every excuse you can think of why real estate investors today aren’t busy buying houses. One thing I know for sure is that the biggest reasons why most real estate investors are struggling to buy real estate are:

  • Fear
  • Lack of Knowledge
  • Lack of Money
  • Less Than Good Credit

Let’s talk about “Fear” first. Fear is probably the biggest reason many inexperienced real estate investors don’t have more success doing deals and why many walk away and give up and look for other ways to make money. I know for myself, when I started learning to buy real estate, I had no money and poor credit, plus I had no training. This caused me to be afraid to make any kind of offer to buy real estate.  Read More→

Avoid the Certainty of Poverty

Posted on July 13, 2017 by

Had a good conversation with an investor friend about the financial collapse of Greece.  The country is so broke that not only can it not repay its loans, it can’t make its note payments either.  What’s Greece’s solution to this financial meltdown?  They want to borrow even MORE money!

It’s crazy for anyone – including a country – to believe that the way to get yourself out of a financial hole is to dig it even deeper!  Yet that’s exactly what Greece – and way too many American families…and America herself – is doing.

Jack Miller, my long-time teacher until he joined the other angels in heaven, taught us how to avoid the certainty of poverty.  He also shared what he had learned from Warren Hardin: It’s inconvenient to be physically alive but financially dead!  Read More→

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