Archive for December, 2012

Thurs, Jan 10th @ 6:00 PM – Doubletree Suites Tampa Bay
Tampa REIA Meeting on Jan 10th
Members and Guests can attend at NO CHARGE. Please RSVP Below…
Eventbrite - Tampa REIA January 10th Meeting with Don DeRosa
Real Estate Investor Tools, Tactics & Strategies for Creating Winning Deals
with Special Guest, Don DeRosa

Don DeRosaTampa REIA is very excited to announce that our good friend from Atlanta, Don DeRosa will be our keynote speaker on Thursday, January 10th at our next Tampa REIA Meeting to be held at 6:00 PM at the Doubletree Suites located at 3050 N Rocky Point Drive West in Tampa, FL.

Don is a part time real estate trainer and mentor and full-time real estate investor who actively buys, sells and holds properties each month for huge profits and long term cash flow. He also writes a column entitled “There’s an App for That” for The Profit Newsletter each month. Join us on January 10th and Don will share with you, many of his Real Estate Insider Secrets and the state-of-the-art tools he uses to evaluate deals and make them work – for him and for the seller.

As he unveils his Insider Secrets, he’ll share with you the buying and selling strategies that are working for him right now. Yes, he’ll show you the secret tools and strategies he uses every day to create profitable deals, even when there appears to be nothing to work with. Don will show you how to create an abundance of deals to choose from! Plus he’ll show you how he gets the information to evaluate a deal, wherever he is, so you’ll never waste time with leads you shouldn’t spend time on and beat other investors to the most profitable deals.

Don will walk through real world, actual deals, to demonstrate step-by-step how to apply these strategies, tools and techniques. In fact, bring your deals, and he’ll show you exactly how to evaluate the lead, determine your exit strategy, structure the deal, negotiate with the seller, and get the paperwork done almost instantly and without any of the hard work you normally do to get your deals done.

By the end of the presentation, you’ll know –

  • How to evaluate any lead and decide whether this is a winner for you and how much money you’ll make before you make your offer
  • How to combine buying strategies and exit strategies – that work right now, in 2013 – to effortlessly make a deal work you
  • The Secret to creating passive income deals of $350 + per month without any of your own money and with NO management on your part.
  • How to structure a deal in less than 10 minutes, so that you make a minimum of $20,000 on it, choosing from multiple strategies
  • How to become a “mindreader,” to find exactly what the seller’s hot buttons are so you can craft a deal the seller is dying to take
  • How to use Don’s Green means ‘GO’, Red means ‘NO’ tools to negotiate for you, so you never let your emotions talk you into making a bad deal!

And is this is not enough, Don will be back with us on Saturday, January 15th for a full day workshop to really drive these points home and give you all the details you need to succeed. Once you are armed with Don’s training and the tools he uses every day, you will be able to make 2013 your best year ever… starting today!

Click to view Cruise VideoWIN A CRUISE: All participants who attend the Tampa REIA Meeting on Jan 10th will entered into a drawing for a chance to win a *Complimentary 2 Day Cruise to the Bahamas with Caribbean Cruise Line! *You must be present at the meeting to win. The 2 day Cruise does not include port fees, transportation and taxes.

PLEASE NOTE: Guests can Join Tampa REIA as a Silver Member for a full year for only $100, now through January 10th and attend Don DeRosa’s “How to Make $20K in 30 Days” Workshop on January 15th at NO CHARGE.

Late Night Networking at Whiskey Joe’s Bar & Grill

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

Merry Christmas and Happy New Year!

All of us at Tampa REIA want to thank you for making our first year such a huge success and want to wish you and yours a very Merry Christmas and a Happy, Healthy and Wealthy New Year! We look forward to doing much MORE in 2013… More deals, more networking opportunities, more affordable training and workshops, more positive energy and more fun! We’ll see you on next year!

The Profit December 2012 Edition

Posted on December 9, 2012 by
The Profit Newsletter for Tampa REIA December 2012
The December 2012 Edition of
The Profit is Ready for Download!

The Profit - December 2012 - High Quality PDFThe December 2012 edition of The Profit Newsletter for Tampa REIA is now ready for download as a High Quality PDF or Low Res PDF format. In cash you didn’t know, The Profit Newsletter is a digitally delivered, interactive newsletter for real estate investors to read and use with your PC, Mac, Smart Phone, iPad or other mobile ready device. Many of the articles and ads in The Profit contain many 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 Profit - December 2012 - High Quality PDFThe Profit is a “new” Newsletter and were just getting warmed up, so be sure to Subscribe to The Profit Here so you don’t miss a single monthly issue. And please be sure to tell your real estate investor friends to subscribe as well.

This month you can read, interact and enjoy a variety of articles on real estate investing and more from Kimberlee Frank, Tony Pearl, David Lindahl, Bob Massey, Jim Hitt, Kathy Kennebrook, Don DeRosa and Larry Harbolt. And don’t forget, Tampa REIA Business Members can advertise in The Profit at deeply discounted rates. Enjoy!

High Quality PDF (6Mb) / Low Res PDF (4Mb)

You Can close Your Short Sales with Only ONE WEEK of Work!

Ever wonder how much you earn per hour by the time you close a short sale deal? The industry has transformed from being extremely difficult without standardization to becoming streamlined with a specific system per lender. Many investors hate the idea of doing short sales because of the fallacy that they are so time consuming. Is this true…literally? Have you ever broken it down per deal? The time you actually spend on 1 deal versus the cash you earn is really quite exciting!

The market got tighter with fewer houses for sale, making it a Seller’s market. The Lenders slowed down their foreclosure processes, in my opinion, due to the Presidential Election. Now that the election is over, the lenders are going to be pushing really hard to get the foreclosures through.

I want to teach you a step by step process of how my students and I buy and sell short sales and the true time involved to make a profit of not less than $20,000.00. In this article, I am not withholding any secrets to my or their success. Read More→

Due Diligence When Investing With a Self-directed IRA and/or Self-directed 401(k)– Where do I Start?

With a self-directed IRA and/or a self-directed 401(k) you are always hearing that you must do your ‘due diligence’. At American IRA, we discovered that many clients did not know how to do their ‘due diligence’. While we cannot give investment advice at American IRA, we can offer a detailed summary of ‘due diligence’ items that our clients can use as a guide. This list gives our clients a healthy starting point that they can use during discussions with their professionals. In this article we share with you ‘due diligence’ items related to real estate acquisitions. As every investment is different, you should consult with your professionals about whether there are ‘due diligence’ items you need to consider in addition to what we share in this article. Read More→

Discretion in speech is more important than eloquence.” ~ English proverb

It’s eight p.m. on a Saturday night. You’ve just settled into your front-row seat at the opera – you’re seeing your favorite, La Traviata.

Okay, so you’re really at a WWE wrestling smackdown. Work with me here.

At any rate, you’re in your seat waiting for the action to begin, and your phone vibrates. Caller ID says it’s Francine Fudley, a very motivated seller who’s on the verge of signing a contract. But wait, that’s wrong! Isn’t Francine Fudley the name of your brother’s second wife’s third cousin? The seller’s name is really Freddie Pfeffer, right? Or is that Frances Furman?

Sheesh. What a dilemma! You’ve got to take a call from the seller, even if it means missing a perfectly good cage match. But if you take the call and it turns out to be your brother’s second wife’s third cousin, you’ll be stuck in a long, long conversation about how her gout is a sure sign of a decaying society.

Do you answer the call, or not? Read More→

The Mystery of the Missing Trusts

Posted on December 9, 2012 by

The more researchers and attorneys investigate the structure and composition of securitized trusts the more phantom-like they become.

Amazingly, what is being found in many, if not most, is there was no trustor, beneficiary, funding, assets, bank accounts or even the sham appearance of being managed by a trust department. No one has even been moving money through the trust, or with reference to a trust, to its “holders.”

Often when investigators try to establish a money trail between the holders of a mortgage-backed security, to a pretender-lender and then on to a homeowner to close a specific transaction, that money trail does not exist. There is no trail, for example, between a loan originated by ASBC 1234-1 Trust, a trust claimed by US Bank as Trustee, and a specific homeowner, and no evidence of any assignment to where the money has been transferred. Read More→

One of the most important aspects to a marketing campaign to find highly qualified sellers and buyers that is going to work is to create a solid mail piece for your business. These are key points for creating a solid direct mail piece that folks will respond to no matter what business you are in.

  1. The first thing you’ll want to do is to “touch” your prospective customer or seller with “the dream”, or “the solution” to their problem. You’ll want to touch the basic emotions and the needs of your client or seller within the body of your letter, whether that is fear, relief, greed, pride or vanity.
  2. Keep it simple. The grammar doesn’t necessarily have to be perfect. You want to reach this person at their comfort level. Keep your letter relaxed, personal and conversational. Read More→

The Big Property Grab!!

Posted on December 9, 2012 by

Three years from now you could be living in a water front property, sleeping in on Monday mornings, doing only the things you want to do and excitedly walking to the mailbox everyday ready to gather that days set of cash flow checks the Postman dropped off .

It’s those cash flow checks that allow you to live this life of leisure and it never stops to amaze you how they have gotten as high as they are and they keep increasing!!

…Or…you could wake up on Monday morning three years from now, living the same life your living now….and if that’s OK with you, that’s OK with me. But if you want to change your life in any way, that change will probably require money…. And here’s the deal…you have about two and a half years to stake you claim and get your share of a lot of wealth that’s about to be created during this big property grab.

What the heck am I talking about? I’m talking about the multi-family real estate market. If you will do for the next three years what most people won’t do, you will be able to do for the rest of you life, what most people can’t. Read More→

Since we just finished our 5-part journey of “Real Estate + The Internet = The Perfect Marriage,” (see previous issues) we’re going to do something a little different in this article. We’re going back to the ‘Old School’ style of real estate investing.

Specifically: How To Get Started in Real Estate Investing… Again!

The great thing about technology is that it really helps you leverage your time. When set up correctly, you can have computers & systems do a lot of the work FOR you, and that’s wonderful! However, it takes time, thought, money, and reliable technology. And that’s just to get it set up!

But what if you don’t have the time or money to do all that? What if you’re just starting out? … OR what if you’re just starting out… Again? Read More→

“If you think education is expensive, try ignorance.” ~ Derek Bok

When I started over 30 years ago, like many of you I didn’t have any extra money to pay a mentor or buy an investing course. I decided I would learn the real estate investing business by just doing it. I thought I could shorten my learning curve by going to real estate meetings. I went to a popular real estate meeting in my area for several months. Then I got the bright idea that if going to one meeting was a good idea it would have to be better to go to more meetings. So I decided I would go to four meetings in my area every week. I thought that the real estate meetings I went to were where the seasoned investors with all the knowledge of how the business worked went and if I could meet them I could pick their brains and learn the secrets of investing that would catapult me to success.

After a few months of what seemed to be endless meetings I realized that going to meetings was not giving me what I wanted. I wasn’t getting the details, the investor’s secrets I needed to be able to buy real estate profitably. I saw other investors who were constantly doing profitable deals but none of them would give me their secrets or the details I needed to be able to do the same. At the time I thought I was saving money by trying to learn the business the inexpensive way but I was just fooling myself because after all of the months of attending those meetings I still didn’t have the information to be able to generate the money I needed. I found out it wasn’t the inexpensive way to learn at all; it was the extremely expensive way to learn the business. I continued to learn the real estate investing business without spending any money for training until one day I decided it was time I needed to make a change. I decided I would take a quality training. The key word in that sentence is “Quality” training. Read More→

“Free” Kittens?

Posted on December 9, 2012 by

Last week, I was offered some very cute “Free Kittens.” They were small, playful balls of fur tumbling over each other and looking up at me pleadingly. I’ve had cats before, so I was tempted. But even considering the benefits, I refrained because I know that there is no such thing as “free.”

As I walked away from the kittens, I considered the idea that if something looks too good to be true, it probably is. This holds true with real estate deals also: they may look great in the heat and excitement of the potential purchase, the promise of a great deal, the money that we know we will make.

The truth is, however, that kittens need continuous care: food, shots, and attention. Similarly, a real estate investment needs supervision: maintenance, unforeseen challenges, and renovations.

Every day, “deals” that are not deals are presented to me. You will also encounter these “deals,” but be careful. Your ability to discern a good deal from a bad deal comes only with experience, research, knowledge of the market, and a business plan. When you have each of these components in place, you will be able to distinguish a truly great deal from a “Free Kitten DEAL.” Read More→

Sat & Sun, Dec 8th & 9th @ 8:00 AM in Tampa, FL
Peter Fortunato’s Paper Course
Sat & Sun, December 8th & 9th in Tampa, FL

Learn to Build Transactions, Income and Wealth
Discover negotiating techniques and paperwork that make transactions work.
Get Pete’s clear, patient explanations, practical insights and his 2012 Workbook!

Two Days of Profit-Making Discussion and Documentation:

  • What is a Note? What Secures It?
  • Use Value versus Exchange Value
  • Breaking away from Numbing Traditions
  • Estimating and Using Loan Constants
  • Distributing Benefits and Responsibilities
  • Using Language to Negotiate & to Document
  • Negotiating and Substituting Collateral
  • When Paying Interest is Better than 0%
  • Wrapping + Bifurcating Owner-Financing
  • Equity Financing versus Debt Financing
  • From Negative Cash Flow to Positive
  • Terms versus Price
  • Seller Involved Solutions
  • Leveraging without Debt
  • No Quantity without Quality
  • Making Yourself Understood!
  • Notes as Currency
  • Seller Financing ≠ a Loan
  • Sacrificing Yield for Safety
  • Portfolio Building and Balancing
  • How Paying More can Yield More
  • Leases – with and without Options

Acquiring? – Use What You WANT, To Get What You Need, To Get What You Want!

Divesting? – Use What You HAVE, To Get What You Need, To Get What You Need!

Register Now for Peter’s Paper Course!
Tampa REIA Members & Guests can RSVP for $350/ea.

Kimberlee Frank

Posted on December 4, 2012 by

Kimberlee Frank, the Real Estate JunkieKimberlee Frank is known as “The Real Estate Junkie” is a Foreclosure Short Sale Expert who is regularly sought out by the media. She has been featured on ABC, NBC, FOX, CBS as well as Wall Street Journal, Newsletter, USA Today and numerous other publications. She is the best selling author of “Big Ideas for Your Business” (Advantage Media 2009). She is also 1 of Americas Premier’s Experts. Read More→

Thurs, December 13th @ 6:00 PM – Doubletree Suites Tampa Bay
Tampa REIA Meeting on Dec 13th, 2012
Members and Guests can attend at NO CHARGE. Please RSVP Below…
Eventbrite - Tampa REIA December 13th Meeting with Kimberlee Frank
“Short Selling Properties
For Huge Profits”

with Special Guest, Kimberlee Frank

Kimberlee FrankHave you ever considered doing short sales as a real estate investment strategy but avoided doing so because you heard that short sales and lenders can be a real pain? Have you heard that short sales can be really time consuming and not worth the effort? If so, short sale expert, Kimberlee Frank wants to set the short sale record straight at our next Tampa REIA Monthly Meeting on December 13th at 6:00 PM at the Doubletree Suites located at 3050 N Rocky Point Drive West in Tampa, FL.

Kimberlee is going to spend the evening updating us on the current state of the short sale industry, what is happening now, what is likely to happen next as well as the pros and cons of doing short sales.

She is going to break down the whole short sale process step-by-step and tell you how you can make profits of $20,000 or more without spending nearly as much time doing the deal as you might think.

Come join Kimberlee and the rest of us at Tampa REIA on December 13th at 6:00 PM and decide for yourself if investing in short sales might be right for you, especially since you can get started with little or no money down.

Late Night Networking at Whiskey Joe’s Bar & Grill

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

Sat, December 15th @ 9:00 AM – Doubletree Suites Tampa Bay
Foreclosures Gone Wild Workshop
with Kimberlee Frank on December 15th

Kimberlee FrankRealtors and Real Estate Investors: Have you taken advantage of the fact that Foreclosures Have Gone Wild? If not, why… Fear? Lack of experience? Discouragement? No matter if you are a first time Investor, Realtor or a Seasoned Pro, on December 15th at 9:00 AM at the Doubletree Suites located at 3050 N Rocky Point Drive West in Tampa, FL, Kimberlee Frank will show you all the secrets to get your short sales approved and closed!

Yes, some people say “Are you Nuts to work Short Sales?!” Kimberlee says “You’re Nuts if You Aren’t!” Short Sales can be frustrating, if you don’t have a simple, easy step-by-step system that is current with the weekly changes in the industry. It doesn’t matter what level of experience or lack of experience you have… Kimberlee has got you covered. Learn from the best, partner with her and let her negotiate, fund and/or rehab the property and split 50/50 profit split!

Attend and LEARN the Top 10 Steps to Successful Short Sales:

  1. Learn how to find the Right Team
  2. Understand structure of LLC, S or C-Corp
  3. Learn how to Control a Deal at No RISK and have Sellers eating out of your hand
  4. Understand the paperwork for today’s market
  5. Learn how to pre-screen your buyer’s
  6. Learn to sell your house fast in 7 days or less
  7. Let Kimberlee negotiate & fund your short sale
  8. Learn how to have your Buyer fund your deals
  9. Learn how to provide facts for the BPO Agent so that Bank’s value of the home allows you to get discounts and close quickly
  10. Learn how to close back to back
Register Now!

Read More→