Tampa Real Estate Investors Alliance Blog
Compare and Contrast: Zillow Rental App for Real Estate Investors
Posted on April 13, 2016 by“Real estate sales was perfect training for the experience to go into public life because you learn to accept rejection, learn to meet new people, learn to work with people and find common ground.” ~ Johnny Isakson
When I invest in a property I do my research. Long ago that meant doing the fancy footwork or being active. Going to open houses, going to model homes and condos, making phone calls, and looking at advertisements in the area where I was planning to buy. Comparison shopping was a far greater task before we had smartphones and apps to help us organize all the information at a glance.
Zillow Renter’s App is ideal for those of us who invest in real estate on a regular basis. Flipping and selling is a rewarding experience but you need to do your homework. I use Zillow’s App to see what other homes are selling for, what other properties are renting for, compare that information to what my budget is for a flip.
Zillow offers a number of things in the app search that will let you be specific about your property. This way you can make the best speculative estimate about what your profit could be. Usually, in a typical real estate website search field you are limited to whatever their listings are. Zillow scans through a number of listings in your desired area. Usually the search amounts to more than 20 properties that could be a match for the property you purchased. Read More→
Knock, Knock…
Posted on April 13, 2016 byToday, social media is the big thing many real estate professionals use to market for business, at least it should be. Everyone is Facebooking, Tweeting, Blogging, Vlogging, hash tagging, etc. but how many of you still make it a point to go out and do mass socializing face to face. When was the last time you went to a happy hour, a luncheon, and/or door knocking? Yes I said door knocking. In no way am I taking anything away from online social media but it works better when done in collaboration with face to face interactions.
Today everyone is focusing on online branding and marketing. Everyone claims to be the best in their field and some go as far as to make claims they cannot prove. So what do you do to stand out? Obviously, the number one thing to do is keep all those promises your marketing makes and collect testimonials. If you want to solidify your position in your marketing area or dominate your niche you want to get out there and let yourself be seen.
Many successful investors, real estate agents, title company reps, insurance agents, etc. have said to me they were too busy to attend a networking event. Sometimes I am caught by surprise because those same people were the ones I would see at every event in town. Admittedly, in the past, I too have gotten comfortable with socializing online and neglected the face to face interaction. When deals were a bit more difficult to locate I began attending the networking events I attended religiously in the past. And as you can imaging the number of potential investment properties I was sent increased and a few were actually worth looking into. The real investors here know what I’m talking about. I also had the opportunity to meet many newbies that were looking for assistance on how to wholesale. I was always more than happy to assist new wholesalers that are committed. I benefited by being the first person to see the deals they found. The best part is I taught them to identify real deals that I or any true investor would buy. Read More→
How to Get Started Investing in Real Estate on April 27, 2016
Posted on April 12, 2016 byHow to Get Started Investing in Real Estate
with Don DeRosa
April 27th, 2016 at 7PM ET on GoToWebinar
Don DeRosa will help us kick off our first meeting of the Beginning Investors Group Online (BIGO) on Wednesday, April 27th at 7:00 PM. Don is a full-time active real estate investor, mentor and trainer who specializes in all types of real estate investing such as wholesaling, creative financing pretty house deals, rehabbing and retailing, rentals, short sales, foreclosures, new construction and much more.
Join Don as he teaches you the quickest and easiest way to get started in the real estate investing business with limited time and funds.
This Month, No Charge to Attend for
Members or Guests!
We look forward to seeing you on the Beginning Investors Group Online!
Pretty House Webinar Replay with Don DeRosa
Posted on April 11, 2016 byWebinar Replay
How to Make a Fortune Buying Pretty Houses with No Money or Credit
Watch the Webinar Replay
with Don DeRosa 24/7
Don 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.
Watch this Webinar Replay we recorded live with Don DeRosa on April 6th, 2016 where he shared many of his subject-to strategies, tools and techniques he uses every day to create winning deals for himself as well as his buyers and sellers.
Jump Start Your Real Estate Investing Business – 3 Day Online Training Series
Posted on April 3, 2016 byReal Estate Investing Business
Don DeRosa is teaching this 3 Day Online Jump Start Training Series to help get his Coaching Students, Property Protégé Group Members, our REIA Members’ real estate investing business up and running quickly. If you are a new investor or a “new again” investor, this is a training series you don’t want to miss.
Day #1 is How to Jump Start Your Creative Real Estate Investing Business. This class teaches you the “Pretty House” side of the business and how to buy nice houses, in nice neighborhoods with none of your own cash or credit.
Day #2 is How to Jump Start Your Wholesaling Business. This class teaches you how to find distressed, ugly properties and to wholesale them to other “fix and flip” and “buy and hold” investors for nice chunks of fast cash.
Day #3 is How to Jump Start Your High Tech Homebuying Business. This class will teach you how to use everyday technology such as PCs, Smart Phones, Tablets and other hardware, software, apps and gadgets to operate, systematize and automate your real estate investing business.
FREE BONUSES
In addition to all this great information and training, Don will also be giving all attendees these additional bonuses valued at over $4000!
Don’s Patented “Easy Offer Maker” Software (Sells for $397)- Digital PDF copy of Don’s eBook “Stop Losing Money Evaluating Deals” – Use in conjunction with Easy Offer Maker software to tell you what numbers you need to focus on.
Digital Version of Don’s “Subject To Financing – The Ultimate Creative Financing Tool” Home Study Course which includes manual, videos, forms and tools, etc. (Sells for $997)- Digital PDF copy of the “How To Jump Start Your Creative Real Estate Investing Business” Workshop Training Manual
- Digital MP3 Audio & MP4 Video Recording(s) of the “How To Jump Start Your Creative Real Estate Investing Business” Online Workshop. This will not be delivered until after the event takes place and the files are created and edited.
Digital Version of Don’s “Wholesaling 101” Home Study Course which includes manual, audios, videos, paperwork, etc. (Sells for $697)- Digital PDF copy of Don’s “How To Jump Start Your Wholesaling Business” Workshop Training Manual
- Digital MP3 Audio & MP4 Video Recording(s) of the “How To Jump Start Your Wholesaling Business” Online Workshop. This will not be delivered until after the event takes place and the files are created and edited.
Two Passes to the 3 Day “High Tech Homebuying Academy in 2016” (Sells for $1999)- Digital MP3 Audio & MP4 Video Recording(s) of the “How To Jump Start Your High Tech Homebuying Business” Online Workshop. This will not be delivered until after the event takes place and the files are created and edited.
Don’t miss this great opportunity to learn about how to buy pretty houses without your own money or credit, how to wholesale distressed properties for fast cash and how to operate and automate your real estate investing business using technology!
Even if you can’t attend any of these events due to your busy schedule, you can still sign up and get all the bonuses and the recording of these live trainings. Also, because it is an online training event, you don’t have to travel to Atlanta to attend this event. You can attend online via GoToWebinar on your PC, Mac, Tablet or Smart Phone.
You can also purchase any of these 3 events separately or get more detailed information about each event using the links below.
- Day 1: How To Jump Start Your Creative Real Estate Investing Business (Pretty Houses)
- Day 2: How To Jump Start Your Wholesaling Business (Distressed Houses)
- Day 3: How to Jump Start Your High Tech Homebuying Business (Using Technology to Operate and Automate Your Business)
- Sign up for all 3 Days of the Jump Start Your Real Estate Investing Business Training Series!
How To Jump Start Your Creative Real Estate Investing Business Online Workshop
Posted on April 3, 2016 byDay 1 of the Jump Start Training Series
Without Using Your Own Cash or Credit
One of the easiest ways to get into real estate is by taking over existing debt. Don DeRosa is an expert at doing just that. There are six simple steps to get you on your way to becoming an expert as well and Don DeRosa will teach you what you need to know during this workshop. The six steps are:
- Locating Sellers
- Prescreening Sellers
- Constructing Offers
- Presenting Offers
- Finding the Money
- Selling Houses
Once you learn about each of these steps and how to execute them, you can continue to do it over and over again for massive profits. In addition to taking you through each of the steps above, Don will also teach you about:
- Finding the easiest ways to attract motivated sellers
- 20 questions you should always ask a potential seller
- Differentiating between a need to sell and someone who wants to sell
- Avoiding the “due on sale” clause
- How to track your progress
- The top five negotiating tactics to get sellers to say “yes!”
- Exit strategies that will not only make you lots of money today, but make you wealthy long term
- And so much more!
Webinar Replay: How to Make a Fortune Buying Pretty Houses with No Money or Credit – Watch Now! (1.75 Hrs)
Don Talks About the Day 1 of the Jump Start Online Workshop
FREE BONUSES
In addition to all this great information and training, Don will also be giving all attendees these additional bonuses valued at over $1000!
- Don’s Patented “Easy Offer Maker” Software (Sells for $397)
- Digital PDF copy of Don’s eBook “Stop Losing Money Evaluating Deals” – Use in conjunction with Easy Offer Maker software to tell you what numbers you need to focus on.
- Digital Version of Don’s “Subject To Financing – The Ultimate Creative Financing Tool” Home Study Course which includes manual, videos, forms and tools, etc. (Sells for $997)
- Digital PDF copy of the “How To Jump Start Your Creative Real Estate Investing Business” Workshop Training Manual
- Digital MP3 Audio & MP4 Video Recording(s) of the “How To Jump Start Your Creative Real Estate Investing Business” Online Workshop. This will not be delivered until after the event takes place and the files are created and edited.
Don’t miss this great opportunity to learn about how to buy all the pretty houses you want without using any of your own cash or credit!
Even if you can’t attend the event due to your busy schedule, you can still sign up and get all the bonuses and the recording of the live training. Also, because it is an online training event, you don’t have to travel to Atlanta to attend this event. You can attend online via GoToWebinar on your PC, Mac, Tablet or Smart Phone.
This Event is Day #1 of the Jump Start Training Series. Each event can be purchased separately or as a package.
- Day 1: How To Jump Start Your Creative Real Estate Investing Business (Pretty Houses)
- Day 2: How To Jump Start Your Wholesaling Business (Distressed Houses)
- Day 3: How to Jump Start Your High Tech Homebuying Business (Using Technology to Operate and Automate Your Business)
- Sign up for all 3 Days of the Jump Start Your Real Estate Investing Business Training Series!
For more information on this event, be sure to register for the webinar we are doing with Don DeRosa on Wednesday, April 6th at 7PM ET on “How to Make a Fortune Buying Pretty Houses with No Money or Credit”.
How To Jump Start Your Wholesaling Business Online Workshop
Posted on April 3, 2016 byWholesaling Business
Day 2 of the Jump Start Training Series
Don DeRosa on How to Make a
Flipping Fortune Wholesaling Houses
Wholesaling houses is one of the quickest ways to start cashing checks in real estate without using any of your own money or credit. There is no one better to teach you how to get started in wholesaling than Don DeRosa. Whether you want to be a full-time investor or are just getting started part-time, let Don show you how to start wholesaling profitably today in this live online workshop.
During the workshop, you will learn about:
- Wholesaling – What it is and how it works
- How to find the deals with the most profit potential
- How to determine the wholesale value of a property
- How to negotiate the deal
- The Closing process – Step by Step directions
- All the paperwork involved from start to finish
- Pitfalls to avoid
- All this and so much more!
Webinar Replay: How to Make a Flipping Fortune Wholesaling Crappy Houses – Watch Now! (1.8 Hrs)
Don Talks About the Day 2 of the Jump Start Online Workshop
FREE BONUSES
In addition to all this great information and training, Don will also be giving all attendees these additional bonuses valued at over $1000!
- Don’s Patented “Easy Offer Maker” Software (Sells for $397)
- Digital PDF copy of Don’s eBook “Stop Losing Money Evaluating Deals” – Use in conjunction with Easy Offer Maker software to tell you what numbers you need to focus on.
- Digital Version of Don’s “Wholesaling 101” Home Study Course which includes manual, audios, videos, paperwork, etc. (Normally Sells for $697)
- Digital PDF copy of Don’s “How To Jump Start Your Wholesaling Business” Workshop Training Manual
- Digital MP3 Audio & MP4 Video Recording(s) of the “How To Jump Start Your Wholealing Business” Online Workshop. This will not be delivered until after the event takes place and the files are created and edited.
Don’t miss this great opportunity to learn about how to wholesale all the houses you want without using any of your own cash or credit!
Even if you can’t attend the event due to your busy schedule, you can still sign up and get all the bonuses and the recording of the live training. Also, because it is an online training event, you don’t have to travel to Atlanta to attend this event. You can attend online via GoToWebinar on your PC, Mac, Tablet or Smart Phone.
This Event is Day #1 of the Jump Start Training Series. Each event can be purchased separately or as a package.
- Day 1: How To Jump Start Your Creative Real Estate Investing Business (Pretty Houses)
- Day 2: How To Jump Start Your Wholesaling Business (Distressed Houses)
- Day 3: How to Jump Start Your High Tech Homebuying Business (Using Technology to Operate and Automate Your Business)
- Sign up for all 3 Days of the Jump Start Your Real Estate Investing Business Training Series!
For more information on this event, be sure to register for the webinar we are doing with Don DeRosa on Wednesday, April 13th at 7PM ET on “How to Make a Flipping Wholesaling Crappy Houses”.
How to Jump Start Your High Tech Homebuying Business Online Workshop
Posted on April 3, 2016 byHigh Tech Homebuying Business
Day 3 of the Jump Start Training Series
Don DeRosa on Using High Tech Tools to Operate, Systematize & Automate Your Real Estate Business for Fun & Massive Profits!
Most people only use their smartphones and tablets to talk, text, play games, and watch videos. But did you know that you can also use your mobile devices to successfully operate and automate most of your real estate investing business so you can work less and earn much more?
Imagine this… You’ve found a deal. You’re at the seller’s house and everything seems to look good… but you suspect the sellers might have an appointment with your competition later. You need to lock this deal down NOW so you don’t lose it. NO problem! You smile as you pull out your tablet, tap a few apps, run a few numbers and… BAM!
In just a few moments, you’ve pulled comps, estimated the repairs, made your offer to the seller, gotten them to sign the contract, then submitted that contract to your title company, your attorney, and the seller… ALL BEFORE ever leaving their house! Best of all, it was not only EASY, but FUN to do it all that way!
At this full day, online workshop, Don DeRosa will teach you about all the tip, tools and technology you need to take your business to the next level and beyond! He will teach you about…
During the workshop, you will learn about:
- How to find leads on your tablet or smart phone
- How to easily run your business from the palm of your hand
- How to carry your business with you so you never miss an important opportunity
- How to find comps without ever stepping out of your car
- How to automate all the parts of your business that suck up your time
- How to complete your paperwork on the fly
- Don’s favorite hardware, software, gadgets and apps to make your much more productive and efficient
- And much more!
FREE BONUSES
In addition to all this great information and training, Don will also be giving all attendees these additional bonuses valued at over $1000!
- Don’s Patented “Easy Offer Maker” Software (Sells for $397)
- Digital PDF copy of Don’s eBook “Stop Losing Money Evaluating Deals” – Use in conjunction with Easy Offer Maker software to tell you what numbers you need to focus on.
- Two Passes to the 3 Day “High Tech Homebuying Academy in 2016” (Normally Sells for $1999)
- Digital PDF copy of Don’s “How To Jump Start Your High Tech Homebuying Business” Workshop Training Manual
- Digital MP3 Audio & MP4 Video Recording(s) of the “How To Jump Start Your Hight Tech Homebuying Business” Online Workshop. This will not be delivered until after the event takes place and the files are created and edited.
Don’t miss this exciting opportunity to learn about how to operate and automate your entire real estate business using technology!
Even if you can’t attend the event due to your busy schedule, you can still sign up and get all the bonuses and the recording of the live training. Also, because it is an online training event, you don’t have to travel to Atlanta to attend this event. You can attend online via GoToWebinar on your PC, Mac, Tablet or Smart Phone.
This Event is Day #3 of the Jump Start Training Series. Each event can be purchased separately or as a package.
- Day 1: How To Jump Start Your Creative Real Estate Investing Business (Pretty Houses)
- Day 2: How To Jump Start Your Wholesaling Business (Distressed Houses)
- Day 3: How to Jump Start Your High Tech Homebuying Business (Using Technology to Operate and Automate Your Business)
- Sign up for all 3 Days of the Jump Start Your Real Estate Investing Business Training Series!
Webinar: How to Make a Fortune Buying Pretty Houses with No Money or Credit
Posted on March 31, 2016 byApril 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 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.
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!
Webinar: How to Make a Flipping Fortune Wholesaling Crappy Houses
Posted on March 31, 2016 byApril 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 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.
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!
Creative Deal Structuring Workshop with Don DeRosa. Attend In Person or Online!
Posted on March 24, 2016 byAnalyzing Deals, All Day Long
In Person in Decatur or
Online via GoToWebinar!
When 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)
Don Talks About the CDS Workshop
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
In 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!
- Don’s Patented Easy Offer Maker software (Normally Sells for $397)
- 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
- Don’s Creative Deal Structuring Course (Normally Sells for $697)
- 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…
To Attend Online Via GoToWebinar.com follow these instructions carefully…
- 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.
- 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.
The Profit March 2016 Edition
Posted on March 9, 2016 by
The 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.
How the IRS Destroys IRA’s
Posted on March 9, 2016 by
The 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→
The Art of The Conversation With Motivated Sellers – Part 1
Posted on March 9, 2016 byOne 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 byAs 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→
Don’t Be in a Panic Regardless of What the Experts Say!
Posted on March 9, 2016 byRecently 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 byWelcome 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→
Are You the Type of Investor Who Fits a Real Estate IRA?
Posted on March 9, 2016 byMost 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 byIn 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→
