Archive for March, 2016

Wed, April 6th @ 7PM on GoToWebinar.com
Webinar Wednesday
April 6th, 2016 at 7PM ET on GoToWebinar
How to Make a Fortune Buying Pretty Houses with No Money or Credit
A Live Webinar with Don DeRosa
Register @ Webinar1.AtlantaREIA.com

Don DeRosaDon DeRosa is a part time real estate investor trainer and mentor and full-time real estate investor who actively buys, sells and holds properties each month for fun, profit and long term cash flow. One of Don’s favorite purchase strategies is to buy houses “Subject-To” the seller’s existing financing on the home instead of having to go to a bank or a hard money lender for funding.

Using this strategy allows Don to buy multiple properties fast, without coming up with all the purchase funds on the front end. This is the perfect purchase strategy for active investors who what to buy, sell and hold pretty houses without having to use their own cash or credit.

Join us on Wednesday, April 6th at 7:00 PM ET for a Training Webinar where Don will share with you, many of the subject-to strategies, tools and techniques he uses every day to create winning deals for himself as well as his buyers and sellers.

Register Now!

Don will walk you through real world, actual deals, step-by-step to demonstrate how to apply and use the “subject-to” technique and other related strategies. Don will show you exactly how to evaluate your leads, 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’d normally do to get your deals done.

By the end of the webinar, you’ll know…

  • How to recognize a “Subject To” opportunity and buy with little or no money!
  • How to evaluate any lead and decide whether this is a winner or a loser before you buy so you’ll exactly how much you are likely to make
  • How to combine the best buying, selling and holding strategies to maximize your cash flow and profits
  • How to structure a deal in less than 10 minutes, so that you make a minimum of $20,000 in cash an equity on every deal you do
  • How to determine the seller’s hot buttons so you can craft a deal the seller can’t refuse
  • How to use Don’s proprietary deal analysis tools to negotiate for you, so you never let your emotions talk you into making a bad deal!

So please Register Now and Join Us on the Webinar on Wednesday, April 6th at 7:00 PM ET and learn how to buy all the pretty houses you want without using your own cash or credit!

There’s more…. if this is not enough, Don will be back with us on Thursday, April 28th for a Full Day Online Workshop called “How to Jump Start Your Creative Real Estate Investing Business” to really drive these points home and give you all the subject-to details you need to succeed in the Pretty House Business. Once you are armed with Don’s training and the tools, you will be able to do deals you never thought possible!

We look forward to seeing you on the webinar!

Wed, April 13th @ 7PM on GoToWebinar.com
Webinar Wednesday
April 13th, 2016 at 7PM ET on GoToWebinar
How to Make a Flipping Fortune Wholesaling Crappy Houses
A Live Webinar with Don DeRosa
Register @ Webinar2.AtlantaREIA.com

Don DeRosaDon DeRosa is a part time real estate investor trainer and mentor and full-time real estate investor who actively buys, sells and holds properties each month for fun, profit and long term cash flow.

The topic of our next webinar is “Wholesaling Houses” which is the business of buying houses in need of major repairs at really low prices and selling them to other “fix and flip” or “buy and hold” investors at wholesale prices. In other words, finding bargains for bargain hunters.

Wholesaling is a great strategy for making quick cash with very low risk and without using any of your own cash, income or credit. Because of this, wholesaling real estate is one of the quickest and easiest ways to get started investing in real estate because anyone can do it with a little training and effort.

If you want to learn more about Wholesaling, join us on Wednesday, April 13th at 7:00 PM ET for a Training Webinar where Don is going to teach you Wholesale Strategies you need to succeed and take you step-by-step through the entire wholesale process.

Register Now!

By the end of the webinar, you’ll know…

  • How to recognize a wholesale deal when you see one
  • How to evaluate a deal and make sure it is something you can quickly wholesale
  • How to estimate the After Repair Value (ARV) of a home
  • How to estimate the repair costs
  • How to determine the maximum price you’re willing to pay for a house
  • How to negotiate the deal with your seller
  • How to put the house under contract
  • And finally, how to wholesale the house to another investor buyer
  • All this and much more!

So please Register Now and Join Us on the Webinar on Wednesday, April 13th at 7:00 PM ET and learn how to find and flip all the run down houses you want without having your own cash or credit at risk!

There’s more… if this is not enough, Don will be back with us on Friday, April 29th for a Full Day Online Workshop called “How to Jump Start your Wholesaling Business” to teach you everything you need to get your Wholesaling Business up and running fast. Once you are armed with Don’s training and the tools, you will be able to make more money than you ever thought possible!

We look forward to seeing you on the webinar!

Sat, March 26th at 9AM – Two Ways to Attend
Creative Deal Structuring Workshop with Don DeRosa
Analyzing Deals, All Day Long
A Full Day Workshop with Don DeRosa on Saturday, March 26th from 9AM-6PM
There Are Two Ways to Attend…
In Person in Decatur or
Online via GoToWebinar!
Tuition includes Don’s Previously Recorded 2015 CDS Workshop + his “Easy Offer Maker” Deal Analysis Software!

Don DeRosaWhen you come across a lead, do you know how to look at the information, analyze it and determine what to do with it from there? There is nothing worse than losing a deal because you didn’t know multiple ways to structure the deal and how to present multiple offers to the seller. Would you like to learn multiple ways of how to structure each deal you are considering buying? This is exactly what Don DeRosa will teach you how to do at his upcoming workshop.

Join Don DeRosa at the Creative Deal Structuring Workshop on Saturday, March 26th from 9AM to 6PM…

1) Live and in Person at Keller Williams Metro Atlanta located at 315 W. Ponce De Leon Ave, Suite 100 in Decatur, GA, or

2) Online Via GoToWebinar.com

…where he will be discussing deals all day long and going over how each was structured to solve the seller’s problem and create win-win situations.

Webinar Replay: How to be a Transaction Engineer – Watch Now! (1.5 Hrs)

Watch Video!

Don Talks About the CDS Workshop

Click Here to Download Don’s Lead Sheet
Be sure to Download Don’s Property Lead Sheet, call as many sellers as you can and bring as many completed Lead Sheets to class as you can and Don will analyze your deals in class and help you figure out how to structure them!

At this workshop, you will learn about…

  • How to become a transaction engineer
  • How to be a problem solver to create win-win deals for everyone
  • How to take a lead and come up with multiple ways to structure the deal
  • How to install and use Don’s Easy Offer Maker software on your Mac, PC, tablet or smart phone
  • And much, much more!

FREE BONUSES

Creative Deal Structuring ManualIn addition to all this great information, Don will also be giving all attendees additional bonuses valued at over $1000 you will not want to miss!

  1. Don’s Patented Easy Offer Maker software (Normally Sells for $397)
  2. Red Light, Green Light eBook – Use in conjunction with Easy Offer Maker software to tell you what numbers you need to be paying attention to
  3. Don’s Creative Deal Structuring Course (Normally Sells for $697)
  4. Complimentary Lunch at Taco Mac Decatur (only for those who attend in person at the Decatur Workshop)

Don’t miss this great opportunity to learn about creative deal structuring from an expert real estate investor who lives right here in your backyard! You will get back more than double your cost of tuition! Don’t let this one-time offer pass you by!

To Attend In Person in Decatur, GA, Register Here…

Register Now!

To Attend Online Via GoToWebinar.com follow these instructions carefully…

  1. Register for the CDS Online Workshop here with GoToWebinar.com or click the large registration graphic below which will redirect you to GoToWebinar.com to register. After you register, you will be redirected to a payment page.
  2. Pay for the event on the payment page and we will manually confirm your order and send you your Registration Confirmation Information via email within 3-12 hours of your order and in plenty of time for the Online Workshop on Saturday.
Register Now!
See Tampa REIA Events Calendar for More Events!

The Profit March 2016 Edition

Posted on March 9, 2016 by
The Profit Newsletter for Tampa REIA March 2016
Download the March 2016 Edition of The Profit Newsletter Now!

The Profit - March 2016 - High Quality PDFThe March 2016 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 may 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.

How the IRS Destroys IRA’s

Posted on March 9, 2016 by

John HyreThe IRS is very interested in Self-Directed IRA’s (“SDIRA’s”). They are especially interested in IRA’s that invest in real estate or via trusts or via “Checkbook LLC’s”. How do I know that? Two reasons. First, several IRS employees have very directly told me so. Second, the IRS has recently changed its reporting requirements in search of this very data. Specifically, every IRA is required to file Form 5498 once per year. That form tells them the value of your IRA.

Starting in 2015, the IRS has required that new data be reported on Form 5498. Among other things, they want to know whether the IRA is investing in real estate, LLC’s or trusts. In other words, what IRS employees are telling me in audits is being reflected in regulatory changes. It all points to the same conclusion: The IRS is very interested in SDIRA’s. Which means your SDIRA needs to be up-to-snuff and reflect the latest developments in the law. Read More→

One of the concerns many of my students seem to run into is; once they find the deal, what do they say to the motivated sellers? How should that conversation go? On top of these concerns, many of my students say they are not really comfortable with having a conversation with a stranger, so how do they handle that conversation? How do you get over the “jitters”?

Okay, so you’ve practiced what you are going to say, you have a plan, you have your paperwork, you’ve probably procrastinated a little, then scheduled your appointment with the seller, so now what? You still feel those butterflies in your stomach and you’re still not comfortable with how the conversation with the seller is going to go. What should you say first? How should you make the offer? What if they ask you something you don’t know? What if they accept your offer? What if they don’t? Also remember that if you created your direct mail campaigns correctly in the first place you already have most of the information you need to have from the seller in order to create the deal. Read More→

Your Power Team Represents You

Posted on March 9, 2016 by

As professionals we’ve heard it said that it is absolutely imperative that you have a really solid Power Team. A Power Team is composed of several individuals. Some of the most common in Real Estate are closing attorneys, loan officers, contractors, insurance agents and appraisers. These are all key people to any given transaction and any one of them can make or break a deal so it’s important to have ones that understand what you are doing, are on your side and have lots of quality experience.

We have had the privilege of working with many people along the way with varying levels of success. Some of these people have been nothing short of outstanding. On the flip side, let’s be honest, some are a bit of a nightmare to work with. As a result, we have learned to never underestimate what they can mean for your business. Let’s take attorneys for example.

A solid closing attorney is a critical part of your Power Team. We have literally had Sellers that were ‘on the edge’ about whether they should work with one of these ‘We Buy Houses’ people but were given an extra dose of comfort by our attorney. On the flip side, we thought we had an attorney that was on our side once literally talk down to a Seller. Sadly, it killed the deal. That particular deal was a renovation that was good for at least 50k…down the drain. Talk about a hard lesson in choosing your Power Team! Read More→

Recently I read an article written by Michael Snyder, a graduate of the University of Florida law school. I found it very interesting. This article was titled “Sell Everything!

His headline read, “Royal Bank of Scotland Tells Investors to Fear 2016 Financial Cataclysm.” The 20th largest bank in the world is predicting that 2016 will be a cataclysmic year and Investors should be afraid. This prediction of course is aimed at the stock market, but there is a connection between stocks and real estate many real estate investors aren’t thinking about.

As the stock market is currently going into a Bear Market and people fear losing all of the value in the stocks they own, many will panic and start to sell thinking they must get out NOW if they want to keep as much of their equity as possible. It is also important to realize that when the market goes down, the companies who issued the stock, many times must also lay off workers to stay profitable. This is the bad part that few real estate investors think about. Why is this important? It’s important because when this happens, many people won’t be able to pay their mortgage payments and slowly those people will start going into foreclosure and eventually lose their homes. For a period of time renting may be their only option. I believe owning rental property is a smart move for those who start buying income properties today. Read More→

Finding Home: Zillow Apps Review

Posted on March 9, 2016 by

“The home should be the treasure chest of living.” ~ Le Corbusier

As a flipper, I tend to think a lot about the people who are going to be living in the home I created for them. I’m thoughtful about the products I use while being mindful about the budget. But it all doesn’t mean a thing if I can’t generate buzz about a property. I used to do a lot of research about neighborhoods and comparison shop. But doing all that on my own using a variety of different resources eats a lot of valuable time.

Zillow is a popular website for both Realtors and those seeking a home. It has become a valuable resource. In their efforts to grow the brand, Zillow has made an app in addition to features on the desktop and mobile website.

Zillow offers a few different apps for different people. Whether you’re in the market to buy or rent or sell, it’s remarkable to have all this data at your fingertips in a mobile app. As a renter, you can see all the properties in the area that fit your criteria that are up for rent. It even shows properties that are rent to buy, and helps evaluate whether you want to invest. You can even hold a property so you don’t miss out. Read More→

Flipping is Illegal – Part 2

Posted on March 9, 2016 by

Welcome back! Last month I told you about the stigma behind the word “flipping” and how some are considering it to be illegal. Flipping houses is not illegal. Fraud is.

O.K., Back To Flipping.

What does lender fraud have to do with flipping and the stigma some of the media have placed on it? Some lenders have had so many loans default on lower priced properties sold by investors it’s opened their eyes and made them cautious, and justifiably so, if I were a lender making loans at 80%-100% of the purchase price, I’d be cautious too. In fact, I’d be paranoid, but then again I’d be neither because I’d never even consider doing it.

I have no way of proving this, but if I had to guess, I’d say 75% of all loans closed to fund low income home buyers contain some kind of false statement or fraud. Read More→

Most of us have the same financial goals. We want to take care of our families. We want to take care of ourselves. We want to work towards retirement with confidence that our decisions are the right ones, and we want to see our wealth grow. We want to retire with plenty of money left over for a comfortable lifestyle, happy and peaceful knowing that we’ve done enough to take care of ourselves should disaster strike. So what does this all have to do with a Real Estate IRA?

A Real Estate IRA is one tool you might have for getting to that goal. Although many of us share the same goals, the strategies which we employ to achieve those goals can vary. And for some people, a Self-Directed IRA invested in precious metals might be one way to get there. For other people, a Real Estate IRA might be more suited to their knowledge and experience.

How do you know if you’re the kind of person for whom a Real Estate IRA might work out? We thought you’d never ask. Read More→

Private Money at Your Finger Tips

Posted on March 9, 2016 by

In the world of real estate investing, private lenders and real estate comps generally go hand in hand. However, many may be unfamiliar with private lenders and what they bring to the real estate industry.

I have to stress real estate investing using REIAComps to see all the private money and cash buyers is invaluable. Every new deal you do is instantly easier knowing exactly who to call when you need funding. But there is more to this topic of private money.

Money makes the world go around and real estate deals don’t get done without it. Forming relationships with private investors who will fund your real estate investment opportunities is a wise choice. So the question becomes what are private money lenders and how does the borrowing process work? Glad you asked. Read More→

To succeed at real estate investing, or business, or life, requires bone – the right kind of bone.

Because real estate investing is pretty easy to understand – you buy a house and then either sell it or keep it as a rental – lots of folks are interested in becoming investors. Want proof? Look at all the traveling dog-and-pony shows coming through town offering their “free” seminars to a “select few.”

We get lots of calls from would-be investors who’ve attended one of these get-rich-quick-snake-oil events. Most actually believe that real estate millions can be acquired by working only thirty minutes a week and without meeting face-to-face with sellers. That’s like a doctor trying to build a successful practice having office hours from 9:00 to 9:30 a.m. and without seeing any patients. Crazy, right? Read More→

Take the Bad with the Good

Posted on March 9, 2016 by

The majority of veteran real estate investors are quick to share the good but rarely share the bad and or mistakes that comes with investing in real estate. When things are going great you will feel like you can do no wrong. You’re purchasing the majority of your leads, all the renovations are coming in on budget and/or your homes are selling with very few days on market. The truth is, if you invest long enough you will encounter some of the bad experiences all investors before you and after you will experience.

My most recent mistake could have been avoided but I gave one of the sellers a bit too much trust. This one particular property took an entire year to close. There were about 33 heirs that needed to sign off on the sale of the property. Most of the heirs were cooperative but there were a few that refused to sign until the other 29 people signed, claiming they did not want to waste their time. While there were 33 heirs only one person lived in the home. He seemed like a good guy who was just down on his luck so I agreed to let him stay in the home past closing so he could use his profits to relocate. Read More→

Your career in real estate is like a marriage. If you let it get boring, you’re going to make mistakes. If you don’t build it on a solid foundation, it will fall apart. In both cases, you might just lose a lot of money!

So how do you keep things new in real estate? You challenge yourself to be inspired; you stay eager to learn new things.

Do I follow my own advice? YES. Recently I took two real estate courses, and I am renewed. I am excited! These classes will help my success, and I want to share the information with you so that you can be inspired too.

In fact, in my weekly groups, I work with people like you who want to succeed. I can help you by sharing what I have learned in classes and from experience. Read More→

In this series of articles I am going to teach you the art of using Master Lease Options to purchase real estate. I don’t know how many articles it will take to convey all the info I have…so stay tuned!

A master lease option (MLO) is a form of creative financing most often used to deal with distressed assets. I buy and teach commercial multifamily real estate so these articles will be about “master” lease options. If you are investing in single family deals then you would use a lease option. The “master” part only comes in when you are dealing with multiple units at one time otherwise it’s a lease option. You can use the info I am going to teach here to buy single, multi or any type of real estate asset.

A master lease options is simply a document or contract that you will use to control the operations and the future sale of a property without actually owning it. Sound too good to be true? It’s not. Master lease options are done in the real estate business all the time by people who know how to do them. The agreement is made up of two separate contracts, the master lease and the purchase option. Combined they form a master lease option. These two documents should always be kept separate. I will go into more detail on that in future articles. Read More→

The last several months have been huge for real estate investors and homeowners who are fighting back against the banks. Court case after court case has been decided in the homeowners’ favor, and things are only looking better going forward. JPMorgan Chase has just been ordered to pay an additional $48 million in fines for using fabricated documents and now we find out that since 2014 the banks have been buying rescission insurance. But what does all of this mean for real estate investors?

In November of 2012, the president of DOCX, a subsidiary of LPS, pled guilty to producing over one million fraudulent mortgage assignments to be used in foreclosures. In many of these cases, the assignment was created to “prove” that a trust had acquired the mortgage on which it was trying to foreclose. This wasn’t some mistake; signatures were forged, job titles were made up, and notarizations were added after the fact to make things look above board. These fraudulent assignments were used in trusts controlled by Wells Fargo, US Bank, HSBC, Deutsche Bank, Citibank, Bank of New York, and JP Morgan Chase among others. Read More→

It’s a LOT more common than you might think. Many doctors label it as a ‘disease,’ and often prescribe medication as a way to make their patients feel “normal” (whatever that is).
It can drive teachers crazy, and make many seemingly normal people feel like there’s something wrong with them.

Of course I’m talking about ADHD: Attention Deficit Hyperactivity Disorder. Did you know that it’s a very common trait among entrepreneurs??

So if you’re reading this, there’s a good chance you feel affected by it – or might know someone close to you who is. Read on…

The typical ways that this can affect you include: Having trouble focusing on one thing at a time; Constantly getting distracted by things or people; Having challenges getting back to what you were working on before you got distracted, and so on… Read More→

John Hyre

Posted on March 4, 2016 by

John HyreJohn Hyre is a tax attorney, accountant and real estate investor with 20 years of experience. He consults with real estate investors, small business owners and self-directed IRA/401k owners nationwide. He also represents taxpayers in audits and in Tax Court nationwide. He frequently speaks nationally on the topic of taxation of self-directed IRA’s/401k’s, taxation of real estate & small businesses, and asset protection. John invests in low-income single family houses, mostly in Columbus, Ohio.