Search Results for "bill cook"
The Profit May 2015 Edition
Posted on May 11, 2015 by
The May 2015 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 to Make a Written Offer
Posted on May 11, 2015 byLast Saturday, I took thirteen real estate investors from the Chattanooga Real Estate Investors Association door-knocking. Before heading out, we discussed how to make a written offer to a seller.
The group had a number of questions: 1) How do I find a property’s fair market value? 2) How do I discover market rents in the area? 3) How do I make a written offer right there on the spot?
The first thing to remember is that an offer is different from a purchase contract. A purchase contract is often a formal document written in legalese that no one – especially the buyer and seller – understands. On the other hand, an offer can be written in plain English on a Post-it note that makes sense to everyone! (NOTE: On North Georgia REIA’s Facebook page, you’ll see three of the written offers I made in Chattanooga.)
Randy Shelley is an investor who lives in that area. We spent the day knocking doors in his subdivision. Though he already knew the fair market values and approximate rents for his neighborhood, I asked him not to share this information with the group. Read More→
The Profit April 2015 Edition
Posted on April 7, 2015 by
The April 2015 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.
Would You Break Into A Vacant House?
Posted on April 7, 2015 byYou’re out working foreclosures and see an obviously vacant house. There is a sign in the window saying the home has been abandoned and winterized. You look through the window and confirm that it is vacant. Do you open the door with your “investor key” (a credit card) and go inside to look around?
Over the years, real estate investors have hotly debated this topic. Some investors would never go in the home, while others think nothing of slipping the lock so they can inspect the interior before bidding on the property.
I know investors who regularly go into vacant homes. The popular thought is that there’s nothing wrong with that. The investor is not there to steal or vandalize anything, he’s there to estimate the rehab cost so he can accurately determine his maximum purchase price. What can possibly be wrong with this?
There are a lot of funny stories told by seasoned investors about things they found in abandoned properties; things you can’t believe a homeowner would leave behind – like artificial limbs, stuffed (taxidermy) animals, porno magazines, etc. After hearing these stories, many new investors come away thinking that it’s OK to break into vacant homes. But I’m here to tell you – think again! Read More→
The Profit March 2015 Edition
Posted on March 9, 2015 by
The March 2015 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 to Work Pre-Foreclosures
Posted on March 9, 2015 bySince 1995, Kim and I have been buying properties at the foreclosure auction. Over time, we’ve built a unique system that’s very effective. It has allowed us to buy many properties pre-foreclosure, at the auction and from banks after the auction. Today, let’s talk about how to work the pre-foreclosure market.
When it comes to foreclosures, our best deals come from buying pre-foreclosure! At the foreclosure auction, there are always investors willing to work on much thinner margins than what we’re comfortable with, and so we’re often outbid.
On the other hand, when buying pre-foreclosure – that is, before the auction – there’s very little competition. Why? When homeowners are facing foreclosure, because of unfounded fear, few investors will knock on their door.
There’s another BIG benefit to buying pre-foreclosure. Since you’re buying from the owner, there are many more creative deal-structuring tools you can use to construct a win-win deal. If you buy at the foreclosure auction, there’s only one tool – a big dang hammer…CASH! There’s no creativity, beauty or imagination when doing an all-cash-on-the-barrelhead deal – nor is it a win-win deal. Read More→
How to Make the Impossible Deals Possible
Posted on February 9, 2015 byDid you know that every month, within 5 miles of your home, there’s a $15,000 net-profit deal waiting to be had? The hard part is finding it, and then knowing how to creatively structure it into a big-profit deal. There won’t be a large sign in the yard that reads: Stop Here – $15,000 Deal Inside!
A common mistake made by many would-be real estate investors is to run a We Buy Houses ad, then sit back and wait for the phone to ring. A truth: The phone rarely rings! Because of this, most new investors go out of business long before they find their first deal!
To succeed at real estate investing, you must get face-to-face with sellers on a regular basis. The fastest, cheapest and most effective way to accomplish this all-important task is to simply knock on sellers’ doors and ask why they’re selling.
In addition to door-knocking, you must continually learn creative deal structuring techniques from experienced real estate investors. The best creative deal structurer I know is Pete Fortunato. With nearly 50 years of deal-making experience under his belt, he’s the master!
To show you how to make the impossible deals not only possible, but also very profitable, let’s look at one that Kim and I just completed. Read More→
The Profit January 2015 Edition
Posted on January 6, 2015 by
The January 2015 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.
“Impossible” is a Human Invention
Posted on January 6, 2015 byRobert Schuller came up with a great quote in 1973: What would you attempt to do if you knew you could not fail?
As 2015 begins, after finding yourself a quiet place to write down your goals, place Mr. Schuller’s quote in front of you. Next, with each goal you put to paper ask yourself: If failure is impossible, is this still a worthy goal for me to pursue?
At the beginning of each January, many of us make goals – they’re called New Year’s resolutions. This flood of goal setting is evident by the huge increase in the number of folks in the gym, and also by the number of people reading self-help books.
Sadly, by February, we’re back to seeing just the regulars working out – with the exception of two or three new people who’ve gutted out the pain and continue coming to the gym. As for the self-help books, most lay half read on shelves gathering dust…never to be opened again. Read More→
Past Tampa REIA Workshops
Posted on January 3, 2015 by
Tampa REIA holds and sponsors a variety of real estate workshops and seminars each month for Tampa Bay real estate investors and other real estate professionals. Below are some of our past workshops and training seminars. Be sure to check out our Tampa REIA Workshops & Seminars page or our Event Calendar for upcoming real estate investing training events. You can also click here to watch some of our Workshop Replays.
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December 12-14, 2014: The Pretty House Boot Camp – Part 1: Buying
with Don DeRosa & Dustin Griffin
(Buford, GA) At this 3 day, hands-on, Pretty House Buying Boot Camp, we will teach you How to Buy, Sell and Trade all the Gorgeous Homes You Want with Little or None of Your Own Cash or Credit while helping others get what they want… a fast, fair, friendly and flexible sale of their unwanted house. You will learn how to turn an unwanted house into a gorgeous home for any individual, couple or family with less than perfect credit for fair price, a reasonable down payment or assignment fee and a monthly payment they can afford. Read more→
November 20-22, 2014: The Ugly House Boot Camp – Part 1: Wholesaling
with Russ Hiner & Rock Shukoor
(Buford, GA) The Wholesale Technique for doing Real Estate Deals is Simple, Fun and Highly Profitable! You can learn to Apply this Strategy in ANY Real Estate Market and can complete many of these deals, from start to finish in a few days or weeks. This means you can often Get Paid in 30 Days or Less and start to Create the Financial Freedom You Deserve by getting started in buying and selling real estate today Read more→
November 15, 2014: Learn How to Use the Law to Make More Money & Protect Your Assets in Today’s Sue-Happy Society!
with Lee Phillips
This is the Nation’s foremost full-day seminar on how to use trusts, LLCs, corporations, and limited partnerships to insulate your personal and investment assets from lawsuits, minimize income taxes, and manage your assets, even after death. Come join Lee and learn how to use the law to make money and protect your assets. Read more→
August 16, 2014: Making a Fortune Buying Houses with No Money and No Credit. The Ultimate “How To” Workshop on Buying Houses “Subject To”
with Don DeRosa
You will learn how to buy houses so you don’t need credit, you don’t have to sign personally on a note, you never have to qualify for a mortgage and you don’t have to have any money. Beginner or experienced real estate investors can find immediate success using Don’s simple strategies and formulas. Come learn “What’s New” about “Subject To.” Read more→
July 12, 2014: Creative Real Estate Exchange Workshop
with Wayne Arnold & Jonathan Henrich
Wayne and Jonathan are going to teach you all about Creative Real Estate Exchanging where you can exchange all sorts of inventory for real estate while creating transactions that benefit everyone involved. You will learn what is “exchanging”, the benefits and fundamentals of exchanging, how to identify identify “don’t wanters”, “takers”, “catalysts”, and “lenders” and the other participants in an exchange and so much more. Read more→
June 21-22, 2014: Real Estate Acquisition Techniques in Atlanta (SOLD OUT)
with Peter Fortunato
(Atlanta, GA) Peter will present two days of lecture and of discussion, with case studies, regarding why and how to acquire benefits using real estate. He will go into great detail on structuring creative real estate transactions and the paperwork necessary to complete the deal. Questions and debate are highly encouraged! Read more→
June 14-15, 2014: Negotiations Workshop
with Jimmy Napier
Jimmy is teaching a full two day seminar based on his best ideas on how to negotiate any deal. Each one of his strategies will make you money and increase your negotiation power. Attend if you want to want to be the best negotiator in any room! It doesn’t matter if you’re a beginning investor or a seasoned veteran, you need this information. Read more→
May 17-18, 2014: Booms, Busts & Beyond Seminar… Evolve or Perish
with Peter Fortunato & John Schaub
Markets are heating up, but the future of the economy is still uncertain. You can’t predict the future, but you can be ready for it. Come learn strategies for building cash flow and your estate whether we have inflation, deflation or a meltdown. Peter and John will teach you to how to survice and thrive in the ever changing real estate market and how to create an exciting and profitable future! Read more→
April 12, 2014: Rehabbing Workshop
with Robyn Thompson
Having rehabbed over 355 properties in the past 16 years, Robyn is the nation’s leading expert on buying properties from motivated sellers at deep discounts, renovating them at lightning speed and selling them quickly for huge chunks of cash. At the workshop, she will share her cutting edge strategies that will produce huge profits in today’s competitive market. She will als teach you how to run a business like a business not a hobby so we can all make more money and work less hours. Read more→
March 15, 2014: REACT Workshop
with Jon & Stephanie Iannotti
The Iannotti’s, who are the creators of “ACT” (Assignment of Contract and Terms), are turning real estate investor training upside down with a bold new strategy they call “REACT”. The beauty of REACT is that it will work in a down market, an up market, and a sideways market. REACT works with no money, no credit. Motivated Sellers are an option, not a necessity. So, if you want an unlimited supply of leads, where every one of them WANTS to sell, you do not want to miss this Workshop. Read more→
February 15, 2014: Tax Sale Workshop
with Tom DiAgostino
Tom is going to teach you how to create short term cash flow and long term wealth with tax liens and tax deeds and how to get out of the rat race forever. He is going to show you how to consistently buy properties at 10-20% of the after repair value with very little competition. Tom says “This training will change your financial life, and your generations to come. We’re not just trainers, we’re your investment partners. Trust us and come spend the day with us, where I’ll explain why this is the best deal source on the planet for every type of investor and show you how to do it.” Read more→
January 4 & 5, 2014: FREE 2 Day Wealth Building Event in Orlando, FL
Hosted by David Lindahl
We are very excited to announce that renowned real estate investor and trainer Dave Lindahl is hosting a 2 Day Wealth Building Event in Olrando on January 4th & 5th and has invited our members, friends and followers to attend at NO CHARGE. That’s right… FREE! And it gets even better… keep reading to find out about several FREE Bonuses Dave has in store for you for registering and attending. Read more→
January 11, 2014: Fast Track to Wealth Seminar
with Ron LeGrand
Tampa REIA is very excited to announce that Ron LeGrand will be teaching his Fast Track to Wealth Seminar for a full days’ worth of serious money making strategies for real estate investors. Come spend all day with Ron where he will teach you how to “Quick Turn Real Estate for Fast Cash” and become a “transaction engineer” so you can kick start the New Year and make 2014 your most profitable year ever! Read more→
November 2 & 3, 2013: FREE 2 Day Wealth Building Event in Tampa, FL
Hosted by David Lindahl
We are very excited to announce that renowned real estate investor and trainer Dave Lindahl is hosting a 2 Day Wealth Building Event in Tampa on November 2nd & 3rd and has invited our members, friends and followers to attend at NO CHARGE. That’s right… FREE! And it gets even better… keep reading to find out about several FREE Bonuses Dave has in store for you for registering and attending. Read more→
November 23rd, 2013: Making Big Profits with Abandoned Properties
with Reggie Brooks
At this workshop, Reggie will teach you how you can make $10,000 cash in the next 60 days with Abandoned Properties. he will teach you how to find these abandoned and distressed properties, find the owners, and structure a transaction that is mutually beneficial to both you and the seller. You will learn how to automate the process of finding the property and the owners and create a cookie-cutter type business where you get the abandoned properties chasing you, rather than the other way around. Read more→
Sept 6, 13, 20 & 27, 2013: 101 Plus Ways to Generate Motivated Buyer & Seller Leads Online Workshop
with Dustin Griffin Online on TampaREIA.com
In this 4 part Online Workshop, Dustin is going to teach you many of the 800 Pound Guerilla Marketing strategies, tips, tools, techniques and tricks he and other successful real estate investors use to generate all the leads they can handle and how you can too! He is going to teach you how you can totally dominate your local competition with a little effort and a relatively low budget using new and traditional marketing, a little creativity and the power of the Internet. Read more→
September 12, 2013: Doorknocking Field Trip
with Bill Cook in Tampa, FL
What’s the fastest, cheapest, most effective way to get face-to-face with motivated sellers? When you see a For Sale sign in a seller’s yard, get out of your car and knock on the seller’s door. Join Bill Cook for a day full of door knocking with real, live sellers at their homes. We’ll spend the day out talking to sellers and constructing win-win deals their kitchen tables and you will see how easy it can be! Read more about this event →
September 14 & 15, 2013: One Step Beyond Class
with Peter Fortunato
Peter will present two days of advanced real estate purchase and sale techniques including case studies for discussion. He will go into great detail on structuring creative real estate transactions and the paperwork necessary to complete the deal. This is Peter’s advanced training class the he only holds ever few years, so don’t miss it. Read more→
August 17, 2013: 101+ Ways to Generate Buyer & Seller Leads Workshop
with Dustin Griffin in Orlando, FL
Dustin is going to teach you many of the 800 Pound Guerilla Marketing Strategies and Techniques he uses to generate all the buyer and seller leads he can handle and how you can too. He is going to teach you how you can totally dominate your local competition with little effort and a relatively low budget using new and traditional marketing techniques, a little creativity and the power of the Internet. Read more about this event →
August 10, 2013: 101+ Ways to Generate Buyer & Seller Leads Workshop
with Dustin Griffin in Tampa, FL
Dustin is going to teach you many of the 800 Pound Guerilla Marketing Strategies and Techniques he uses to generate all the buyer and seller leads he can handle and how you can too. He is going to teach you how you can totally dominate your local competition with little effort and a relatively low budget using new and traditional marketing techniques, a little creativity and the power of the Internet. Read more about this event →
July 13, 2013: Wholesaling 101 Workshop
with Russ Hiner
Wholesaling is a great strategy for making quick cash, with low risk and without they use of your own cash or credit when done correctly. Wholesaling real estate is among the most popular investment strategies because anyone can do it. At this workshop, you will learn the wholesale strategies you need to succeed this year and beyond. Read more→
June 15 & 16, 2013: Real Estate Acquisition Techniques Class
with Peter Fortunato
Peter will present two days of lecture and of discussion, with case studies, regarding why and how to acquire benefits using real estate. He will go into great detail on structuring creative real estate transactions and the paperwork necessary to complete the deal. Questions and debate are highly encouraged! Read more→
April 13, 2013: 101 Plus Ways to Generate Buyer & Seller Leads Workshop
with Dustin Griffin
Dustin is going to teach you many of the 800 Pound Guerilla Marketing Strategies and Techniques he uses to generate all the buyer and seller leads he can handle and how you can too. He is going to teach you how you can totally dominate your local competition with little effort and a relatively low budget using new and traditional marketing techniques, a little creativity and the power of the Internet. Read more about this event →
February 16, 2013: Investing Ideas All Investors Must Know In Today’s Changing Market
with Larry Harbolt
Larry will teach you how to quickly determine which the good deals are, and which are the not-so-good deals. This class will take you to different levels of deal structuring and strategy you’ve never seen or thought of before. You will learn how successful investors in today’s market think through every deal they do and how they structure multiple ways to buy any property. Read more about this event →
January 12, 2013: How to Make $20K in 30 Days Workshop
with Don DeRosa
Would You Like to Make More by Working Less? Is this really possible? Real estate expert, Don DeRosa says “15 hours a week is all you need to build short term cash flow and long term wealth by investing in real estate.” Imagine taking any seller lead and creating a profitable, winning deal… making thousands of dollars in profit where you thought there was none. Wouldn’t this be nice? Read more about this event →
December 15, 2012: Foreclosures Gone Wild Workshop
with Kimberlee Frank
Kimberlee says “Join me at my 1-day Event and I will knock your socks off with the new changes in the industry. Learn how to overcome the challenges of short sales and increase your closing ratio! I will even partner with you! Now is the time to make a boatload of money. Let me give you the Power Push into 2013! Attend my 1-Day Training and blast your business into financial success!” Read more about this event →
October 25 – 28, 2012 in Tampa, FL: Robyn Thompson’s 5th Annual Millionaire Mastermind Convention with Robyn Thompson, Ron LeGrand, Alan Cowgill, Robert Shemin, Marshall Sylver & many more speakers
(FREE Tickets & VIP Tickets Available!)
Join Robyn Thompson and her all star lineup of guest speakers at her 5th Annual Millionaire Master Mind Convention in Tampa, FL on Oct 25th – 28th. There will be sessions on “Maximizing the Efficiency of Employees and Part Time Staff so The Less You Do the More You Make”, “How to Buy Tons of Houses with No Money and Bruised Credit”, “Structuring Seller Financing Deals so You Will Never Need the Banks”, “How to Line Up Transactional Funding for Your Wholesale Deals”, “How to Become a 7 Figure Landlord”, “Reprogramming Your Mind to Think Like A Multi Millionaire”, “How to Run Your Real Estate Business Like a Million Dollar Business Not A Hobby” plus a whole bunch more. Don’t miss your chance to attend this event for FREE. Register while tickets last. VIP tickets are available as well for only $250 per person. Read more→
September 15, 2012: Ultimate Fast Track to Your Business Success Workshop
with Larry Harbolt
At this full day workshop and strategy session, Larry Harbolt will share with you his secrets on how to make money in today’s real estate market. Larry will show you what you really need to know to buy real estate profitably with only $10 down, even if you have bad credit or are bankrupt. Read more about this event →
Aug 11, 2012: Mobile Ready Marketing Workshop for Real Estate Investors
with Mike Barnes in Tampa, Florida
Mike will be teaching us many of latest tools, tips and techniques on how you can buy and sell more houses than ever before and build large buyer and seller lists faster using Mobile Media Marketing technology. He will teach you marketing strategies and technology such as Mobile Websites, Social Media Marketing, Text Message Marketing, Mobile Media Marketing, QR codes and much more! Read more about this event →
July 14, 2012: 51 Ways to Find Motivated Sellers Workshop
with Robert Woodruff in Tampa, Florida
If you want to know how real estate investors find the best deals, this is your chance. At this live event in Tampa, Florida, Robert Woodruff will teach you how to find the absolute best deals on Real Estate Investments. Robert has been investing for over 15 years and has spent hundreds of thousands of dollars testing out different marketing strategies promoted by the best in real estate. After years of trial and error, he has created an event for investors to learn the top “51 Ways to Find Motivated Sellers”. Read more about this event →
The Profit December 2014 Edition
Posted on December 5, 2014 by
The December 2014 edition of The Profit Newsletter is now available for download as a High Quality PDF (Recommended) or Low Res PDF for slower devices. The Profit Newsletter is the official newsletter of the Tampa Real Estate Investors Alliance and is a digital, interactive newsletter for new and seasoned real estate investors delivered as an Adobe PDF file to read on your PC, Mac, Smart Phone, iPad or other mobile ready devices with a PDF reader. Many of the articles and ads in The Profit contain 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 high res version of The Profit is “print ready” for those who want to print the newsletter on their home or business printer. Also, be sure to Subscribe to The Profit so you don’t miss a single monthly issue.
Starters, Estate Builders and Enders
Posted on December 5, 2014 byThere are three stages of real estate investing: Starters, Estate Builders and Enders. Do you know which stage you’re in? Many flippers and wholesalers think they’re Estate Builders when, in fact, they’re actually running a highly taxed retail business – they’re not real estate investors! (Saying this is sure to ruffle some feathers, but read on before you call me a liar.)
As the stage implies, a Starter is someone who’s just getting started in real estate. He usually knows little about contracts, rehabbing, landlording or how to creatively structure and fund a deal. He’s been to the closing table less than six times. We’re talking about someone who’s wet behind the ears!
An Estate Builder may still be new to real estate, but his focus is different from a Starter’s. An Estate Builder’s deals are structured to increase the investor’s monthly mailbox money! Mailbox money is money made when your capital assets are working for you instead of you working for your capital assets. Examples of capital assets are rental property and notes.
An Ender has been investing in real estate for decades. He’s very experienced at creatively constructing deals. Many Enders cut back on the number of rentals they own in exchange for simpler-to-manage capital assets like notes, options and master leases. Read More→
The Profit November 2014 Edition
Posted on November 11, 2014 by
The November 2014 edition of The Profit Newsletter is now available for download as a High Quality PDF (Recommended) or Low Res PDF for slower devices. The Profit Newsletter is the official newsletter of the Tampa Real Estate Investors Alliance and is a digital, interactive newsletter for new and seasoned real estate investors delivered as an Adobe PDF file to read on your PC, Mac, Smart Phone, iPad or other mobile ready devices with a PDF reader. Many of the articles and ads in The Profit contain 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 high res version of The Profit is “print ready” for those who want to print the newsletter on their home or business printer. Also, be sure to Subscribe to The Profit so you don’t miss a single monthly issue.
Would-be Tenants From Hades
Posted on November 11, 2014 byLandlords, what’s the best way to deal with tenants who are a pain in the tail and make you want to vomit? Easy answer: Never let them in your rental property in the first place. And how do you accomplish this feat? Read on, my friend – it’s actually pretty simple! But first, a story…
Several weeks back, we had a property go vacant in Cartersville, Georgia. It’s a nice three-bedroom, two-bath home with a two-car garage. Though a good number of applications came in, one stood out above the rest.
The application was neat and complete. The prospects were from Cartersville, so they have a lot of ties to the community. The husband was an experienced contractor who knew how to fix things. The wife was disabled and received a guaranteed monthly government check. They didn’t have any kids or pets and didn’t smoke. They were looking for a place they could live in for the rest of their lives. Looking at the application, there was nothing not to like about these folks!
Because Kim and I have been managing rental property for almost 20 years, we have learned that no matter how good tenants look on paper, there are a couple of steps we must take before letting them move into our property. Read More→
The Profit October 2014 Edition
Posted on October 7, 2014 by
The October 2014 edition of The Profit Newsletter is now available for download as a High Quality PDF (Recommended) or Low Res PDF for slower devices. The Profit Newsletter is the official newsletter of the Tampa Real Estate Investors Alliance and is a digital, interactive newsletter for new and seasoned real estate investors delivered as an Adobe PDF file to read on your PC, Mac, Smart Phone, iPad or other mobile ready devices with a PDF reader. Many of the articles and ads in The Profit contain 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 high res version of The Profit is “print ready” for those who want to print the newsletter on their home or business printer. Also, be sure to Subscribe to The Profit so you don’t miss a single monthly issue.
The Truth Can Run Around Naked!
Posted on October 7, 2014 byDavid is a real estate investor from the Northeast. Many folks don’t know this, but “Northeast” is a Latin word that means: Where’d you get that Yankee accent? Honestly, even though I went to college up north, I only understood half of what came out of David’s mouth. Don’t know about you, but Yankee talk hurts my ears!
He came down to beautiful Dixie because he wanted me to watch him negotiate with sellers. The thing was, even though David has been reading our column, he wasn’t having much success working out win-win deals at sellers’ kitchen tables.
During our time together, we met with six sellers and made six written offers. By any measure, it was a successful day. One other important thing happened: By the time David finished making his second offer, I had discovered his problem…actually his two problems – and boy were they doozies! No wonder he was having trouble getting deals.
At the first seller’s house, when we got to the kitchen table, David talked about himself for twenty-five minutes. On and on he went – bragging about his greatness and business conquests. This first problem could easily be fixed with a roll of duct tape – also known as Alabama chrome! Read More→
The Profit September 2014 Edition
Posted on September 8, 2014 by
The September 2014 edition of The Profit Newsletter is now available for download as a High Quality PDF (Recommended) or Low Res PDF for slower devices. The Profit Newsletter is the official newsletter of the Tampa Real Estate Investors Alliance and is a digital, interactive newsletter for new and seasoned real estate investors delivered as an Adobe PDF file to read on your PC, Mac, Smart Phone, iPad or other mobile ready devices with a PDF reader. Many of the articles and ads in The Profit contain 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 high res version of The Profit is “print ready” for those who want to print the newsletter on their home or business printer. Also, be sure to Subscribe to The Profit so you don’t miss a single monthly issue.
Making $13,000 With No Money Invested
Posted on September 8, 2014 byWant to see how to make $13,000 in two short weeks with no money invested and without owning the home?
With creative real estate investing, Jack Miller taught us to structure on purpose. Pete Fortunato taught us to use what we want, to get what we need, to get what we want. Let’s take a look at these two all-important lessons in action.
Jonathan and Christie help us maintain some of the rental properties we manage. About a month ago, Christie told Kim that her mom wanted to sell her home in Acworth, Georgia. After meeting with Christie’s mom, Kim determined that the home was worth $90,000 and needed a $10,000 rehab. Kim offered either $63,000 cash or a $90,000 owner-carried note with payments of $300 per month, but the mom turned down both offers.
Kim then asked, “What’s the house of your dreams?” The mom answered, “One out in the country.” Unfortunately, we didn’t have any such property available.
The next day, Kim had an idea. Our friends Joe and Ashley English had a house on the outskirts of Adairsville that had just gone up for rent. Kim called Christie’s mom and asked, “How would you like to trade your house in the city for your dream home in the country?” The mom got so excited at the idea that she loaded up her family and immediately drove to the Adairsville house. She LOVED it! She agreed to a trade. Read More→
How Do You Fund Your Deals?
Posted on August 7, 2014 byJust met with a would-be real estate investor. For two years she’s been trying to get into the investing business. Problem is, she has yet to meet with a seller face-to-face.
When I asked why she hasn’t met with any sellers, she said: “What if the seller takes my offer? How am I gonna pay for the property? Banks sure aren’t lending to investors right now!”
Ironically, the fear of the seller saying, “YES!” is what keeps most would-be investors from ever making their first offer. But the astonishing thing is, if your deal is a good one, the money will ALWAYS find you!
We get loads of calls from investors who are looking for money to fund their deals. For example, yesterday an investor contacted me about a 2-bedroom, 2-bath condo he wanted to buy and flip. The condo’s ARV (after repaired value) is $65,000. It needs $15,000 in repairs. The seller agreed to a $48,000 sale price. But when all the expenses are factored in, there’s no way this investor will make a dime on this deal, and that’s why no one will fund this one. Read More→
The Profit August 2014 Edition
Posted on August 7, 2014 by
The August 2014 edition of The Profit Newsletter is now available for download just in time for our August 14th Meeting with Don DeRosa on “How to Buy Houses Subject-To”. You can download The Profit Newsletter as a High Quality PDF (Recommended) or Low Res PDF for slower devices. The Profit Newsletter is the official newsletter of the Tampa Real Estate Investors Alliance and is a digital, interactive newsletter for new and seasoned real estate investors delivered as an Adobe PDF file to read on your PC, Mac, Smart Phone, iPad or other mobile ready devices with a PDF reader. Many of the articles and ads in The Profit contain 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 high res version of The Profit is “print ready” for those who want to print the newsletter on their home or business printer. Also, be sure to Subscribe to The Profit so you don’t miss a single monthly issue.
