The Profit Atlanta - June 2013 - Atlanta Georgia Real Estate Investing Newsletter by Atlanta Real Estate Investors Alliance

JUNE 2013 • JUNE 2013 Atlanta Real Estate Investors Alliance

“Changing Strategies for a Changing Real Estate Market” If you haven’t noticed, the real estate market in the Atlanta Metro Area has been changing dramatically in the last 6 months. It has gone from a buyer’s market to a seller’s market due to the inventory shortage of available homes for sale at auction or on the MLS. • Hedge Funds are stepping all over each other purchasing REOs and

foreclosures and are running up the prices.

• Those who frequently buy at the courthouse auctions are now being routinely

out bid by kids with cell phones and iPads who are receiving their bidding instructions from people we never see, who are sitting in front of multiple computer screens hundreds or thousands of miles away from the action.

• With a massive increase in the number of investors bidding on the courthouse

steps, along with a significant decrease in the number of properties being cried, real estate values have soared while investors’ profit margins have plummeted.

• Listed houses are often put under contract for well above the list price within

24 hours of hitting the MLS with multiple backup offers in place.

With all these rapid changes going on, at our June 3rd Atlanta REIA Meeting, we’ll be having a Panel Discussion with Don DeRosa, Russ Hiner, Bill Cook, Kim Cook and Dorsie Boddiford, five active real estate investors, about this sudden shift and how we can best capitalize on what’s working now. Bill Cooks says “It’s obvious the Cheese Has Moved. The question is: Where did the cheese go? The best way to find the answer to this all-important question is to go to the frontlines. Our efforts have shown us where the cheese is TODAY – and which deal structures are working best NOW! Do you want to be the first investor in your area to learn this secret? Join us at June’s meeting!” Join us at the Atlanta REIA Meeting on Monday, June 3rd at 5PM at the Crown Plaza Ravinia Hotel in Atlanta to learn more about the changing real estate market and how to change your investing strategies and tactics to adapt to these rapidly changing times. We hope to see you there! See http://atlantareia.com for more.

MAIN MEETING

Monday, June 3rd Crowne Plaza Ravinia Hotel 4355 Ashford Dunwoody Atlanta, GA

5:00pm - 9:00pm

IN THIS ISSUE “Changing Strategies for a Changing Real Estate Market’....................1 Write Killer Ads to Attract Motivated Sellers in Droves By Kathy Kennebrook.........................................................................2 About Atlanta REIA.................................................................................5 GET-ER-DONE By Ron LeGrand..................................................................................7 Can I Have Your Business Card? By Dustin Griffin.................................................................................9 Working With Brokers and Agents By Bill Ham.......................................................................................10 Due Diligence on a Potential Deal or Partner By Dyches Boddiford .......................................................................11 Nine Tips for Spotting a Fraudulent Loan or Foreclosure By Bob Massey.................................................................................13 Protect Your Nest Egg - Mistakes that Can Cost You! By Jim Hitt........................................................................................15 How We Financed The Deal By Bill Cook.......................................................................................17 Helping Sellers Survive the Foreclosure Roller Coaster Ride By Kimberlee Frank..........................................................................20 Atlanta Business Member Spotlight: Alexandra Spollen with Georgia Home Deals By Jeff Nix.........................................................................................21 The Biggest Mistake Most People Make in Their Lead Generation Marketing By Tony Pearl....................................................................................22 Open Source Apps: Cheap Can Be Great! By Don DeRosa.................................................................................25 What Values Do You Need To Know When Investing? By Mark Jackson..............................................................................26 Worried About Collecting On A Judgment Against Your Tenant? Don’t Stress, Distress! By Attorney Jon David W. Huffman.................................................28 Warning: To Anyone Who Owns Real Estate By Larry Harbolt...............................................................................29 Error On Line XX? By Karen Bershad.............................................................................31 Is Atlanta’s Real Estate OK or is Atlanta Burning? By Russ Hiner....................................................................................32 To Sign or Not to Sign By Michael Vazquez.........................................................................34 Membership Application.....................................................................36 Meeting Calendar.................................................................................37 Calendar of Events................................................................................38

Atlanta REIA, LLC

2700 Braselton Hwy, Suite 10-183 Dacula, GA 30019 P: 678-701-7160 • F: 770-216-1560 admin@atlantareia.com http://atlantareia.com

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Atlanta Real Estate Investors Alliance • JUNE 2013

Marketing Magic Tricks

Write Killer Ads to Attract Motivated Sellers in Droves By Kathy Kennebrook, The Marketing Magic Lady

hen writing killer copy for an ad, there are several components that need to be addressed. The first of these is to grab the reader’s attention. If you don’t get the reader’s attention immediately, you will lose them. You need to remember that the average person is bombarded with hundreds of advertising pieces per day and yours needs to stand out. The second component is you have to raise their interest. Is the ad going to be something of interest to them? Does it spell out what you can do for them? The third component to a killer ad is desire. This is where you list proven benefits to your seller. And the fourth component to a killer ad is a call to action. You have to tell your seller what you want them to do or they won’t do anything. So let’s address these components one at a time.

I’m talking to you!!” It doesn’t matter how good you are at helping sellers if the sellers don’t know it.

The key component for writing any ad to attract motivated sellers is to begin with a killer headline. This headline has to answer the big question “what’s in it for me”? Using a really great headline can mean the difference between your success or failure at attracting motivated sellers using ads. Your headline is the very first thing a prospect sees when looking at your ad, or while scanning a page of ads, so it must deliver a clear and understandable message that makes your seller want to know more. You only have a fraction of a second to grab their attention so your headline needs to be strong and benefit driven or you’ve lost this prospect forever.

That’s it, that’s the whole headline and in some cases, the whole ad. It tells the reader exactly what they want to know which is “What can you do for me?” This headline is all about the seller and lets them know exactly what you can do for them. It sends a strong, benefit driven message that they can’t miss, which is; that they can sell their home for a fair price, on the date they choose, without having to do any fix up to the property. This ad addresses every concern a seller may have. My headline stands out like a beacon among all the other ads that surround it because it sends a distinct message to potential sellers. It makes them want to read the rest of “the story”, which significantly increases the response rate to the ad. Another sample of a killer headline would be:

On the average five times more people will read just the headline as opposed to the copy, so your headline has to draw the reader in and make them want to read more. No matter how good your ad copy is, if you don’t have a headline that draws their attention immediately, you’ll quickly lose their interest. Your headline has to grab their attention and say, “Hey,

For example, a headline we see a lot in real estate investor ads is “We Buy Houses”. This headline has been used for ages, but you have to admit, it’s not benefit driven and it’s become rather cliché if you ask me. Additionally, it’s all about you, the investor, instead of the prospect whose attention you are trying to get. Your headline should not speak in generalities; it needs to be very specific. I personally use a different headline in my ads. In fact, in a classified ad, it becomes the whole ad. It is: “Sell your house for a fair price, on the date of your choice, without doing any repairs”

“I Can Pay Your Price if You Sell on My Terms” Getting the seller to read the rest of your ad and respond to it is the whole purpose behind a great headline. When writing

headlines for your ads, you need to test new headlines to see which ones bring the best response. Sit down with a piece of paper and write several headlines, the more you think and write, the clearer your intent will become and the more practice you will get at writing grabber headlines. When writing a headline, make sure you use capital letters and lower case letters instead of using all capitals. It makes it much easier for your prospect to read and understand your headline. Using quotation marks has also been tested and found to significantly increase readership as well. I always say that you should do that which your competition will not to get ahead in your business and creating killer ads is one main way for you to do just that. The most critical impact your headline needs to have is to make the reader want to continue reading, whether it’s an ad, an article, an advertorial or a special report. Now let’s talk about the second important component which is grabbing their interest; the “what’s in it for me?” This portion sets the stage for the rest of the copy in your ad. Each sentence should make the reader want to read the next one and so on. Keeping your reader’s attention and conveying your message in a way they can understand and respond to in every advertising piece you create is the key ingredient to finding all the motivated sellers you will need for your real estate business. Just learning this one concept for attracting motivated sellers can make you rich. You need to give your seller a reason to keep reading. Moving on to the third important component in writing a killer ad is the “desire”. This is where you might use bullets for example to provide a full list of stated and proven benefits to the seller. This is where you might say something like:

continued on p14 http://AtlantaREIA.com

Negotiations 101 Workshop With Russ Hiner on Saturday, June 15th from 9am to 5pm 1960 Skylar Hill Dr, Suite D, in Buford, GA

As a real estate investor, you know that negotiating is a vital skill. Yet most people avoid negotiating properly because they don’t want to be seen as confrontational or feel like they are bulldozing someone else. Sometimes, you may feel that you have received ”the short end of the stick” because your negotiating skills aren’t what they could be. Professional negotiators realized that with the correct skills, tools, and techniques you can easily and effectively get what you want without having to drive a hard bargain. The Negotiations 101 training is your opportunity to learn some of the tools, techniques, and tips that professional negotiators use daily. Your bargaining and negotiation skills are critical to your daily life. They are absolutely essential if you work in real estate.



How To “Read” People

Will Not Negotiate Effectively



Face To Face Negotiation

How To Break Deadlocks



How To Work With Concessions



All This and Much, Much More!

 How To Spot And Stop Tactics That Put

You On The Defensive

This Offer Expires SOON! RSVP NOW and Save!

Gold Members $49*

Silver Members $69*

NonMembers $99*

* Please Note: Tuition for the Negotiations 101 Workshop is discounted now through June 8th. As an early bird special, Gold Members are $49 each, Silver Members are $69 and Non-Members $99 each. Also, attendees can bring a qualified guest (spouse, parent or adult child) for half price now through June 8th. After June 8th, Gold Members will be $69 each, Silver Members $99 and Non-Members $129 each. Non-Members who join Atlanta REIA for the first time now and June 8th can attend this full day workshop for FREE. When joining, be sure to indicate that you want to attend this event.

Selling Houses Fast Boot Camp A Full Day Event with Don DeRosa

June 22, 2013 from 8 AM to 5 PM At the Crowne Plaza Ravinia, Atlanta, GA

If you have ever been to one of Don DeRosa’s Events, you know that Don will provide you with his 17 years of experience as a real estate investor to help you overcome some of the challenges he has faced so you won’t have to. This full day event is PACKED with all the knowledge you need to Sell Houses Fast!! Don will share his nine reasons houses don’t sell and all the details on how to blow past your competition and SELL YOUR HOUSES FAST!! Join us on June 22nd so you don’t sit on your houses too long and pay unnecessary holding costs while you wait for your homes to sell!! Don will cover all this and more…  The Nine Big Reasons

Houses Don’t Sell  Selling Your House The Basics  Getting Your House Ready to Sell (yes there is a formula)  Pricing It Right  Renovations

 Wiping Out Your

Competition  Choosing the Right Marketing Strategy  Selling Your House Fast  Automating Your System & Selling Process  Staging Your House

 Prescreening Your

Buyers (Do you know what to look for?)  Working With Mortgage Brokers  Negotiating a Sale  Choosing the right exit strategy (which is right for you?)

Early Registration 2-for-1 Special*

Gold Members $79*

Silver Members $149*

NonMembers $199*

* Please Note: You may bring a spouse, parent or adult child at no extra charge during the Early Registration 2-For-1nSpecial. When the Early Registration Special expires, tuition prices will increase and all prices will be per person so register now, save and bring a qualified guest! See http://SellingHouses.AtlantaREIA.com for details.

Atlanta Real Estate Investors Alliance • JUNE 2013

Atlanta REIA’s mission is to help insure our members real estate success by providing affordable, quality real estate investing education; frequent, fun real estate networking opportunities; and ongoing community outreach programs to help build, renovate and repair homes for needy Atlanta families while improving our local community.

2700 Braselton Hwy, Suite 10-183 Dacula GA 30019 P: 678-701-7160 • F: 770-216-1560 E: admin@atlantareia.com W: http://AtlantaREIA.com Dustin Griffin Executive Director P: 678-701-7160 F: 770-216-1560 E: dustin@atlantareia.com

Joe Thompson Leader of Haves & Wants Meeting and Speed Marketing Session P: 770-403-3227 E: joethompsonjr@hotmail.com

Christine Griffin Assistant Director P: 678-701-7160 F: 770-216-1560 E: chrissy@atlantareia.com

Karen Bershad Director of Membership & Leader of the Small Business Group P: 770-356-1234 E: karen@smallbusinessadvisor.biz

Jeff Nix Director of Business Membership P: 678-776-8861 E: jeffnix@gmail.com

Leslie Mathis Leader of Atlanta REIA West P: 678-895-1460 E: lesliemathismentor@gmail.com

Gordon Catts Director of Programs, Leader of Movers & Shakers, Atlanta REIA South & Mountain REIA P: 404-454-3567 E: cattsgr@yahoo.com

Reginald Jackson Leader of Atlanta REIA South P: 404-427-8797 E: reginald_j_2002@yahoo.com

Alan McDonald Director of AVS & Leader of the Beginning Investors Group P: 770-369-0446 E: mcdonaldalan9@yahoo.com

Russ Hiner Leader of Creative Deal Structuring Group and Mastermind Group P: 404-660-4289 E: russ@rhiner.com

LEGAL DISCLAIMER: Atlanta REIA, LLC promotes practical knowledge of real estate investment though education, discussion and networking. The information, views and opinions expressed in the publication do not necessarily reflect the views, policies and opinions of Atlanta REIA, LLC or any of its members and sponsors, nor does mention of certain trade names, products, services, individuals or organizations imply endorsement by Atlanta REIA, LLC or its members or sponsors. The information presented in this publication is made available for informational purposes only and is not to be construed as financial or legal advice which should only be obtained through a competent attorney, accountant or other qualified professional advisor. Atlanta REIA, LLC does not pre-qualify, evaluate, endorse, guarantee or warranty any particular deal, service, company, or person. Atlanta REIA, LLC recommends you perform your own due diligence and seek appropriate legal, accounting, or other professional advice before making any investment. Atlanta REIA, LLC disclaims any and all liability for any actions or inactions taken by readers of this informational material or as a result of communications from or to its officers, directors, employees, contractors, partners, members, sponsors and affiliates.

Aaron McGinnis Leader of the Onsite Renovation Group P: 404-788-3625 E: aaron.mcginnis@craftbuilt.net Steve Brown Leader of Cash Cows Commercial Group P: 770-378-6235 E: chase_sb14@bellsouth.net Don DeRosa Leader of Mobile Real Estate Rockstars Group P: 678-410-7352 E: donderosa5@gmail.com Rock Shukoor Leader of I Love Marketing Group P: 678-938-4776 E: realrateb@gmail.com Bob Massey Leader of Short Sale & Foreclosure Group P: 706-749-9141 E: info@rewealthcoach.com Mark Galey President of Fuller Center of Atlanta P: 404-867-3258 E: mark@magnetconstruction.com Aislee Jackson Director of Savannah REIA P: 912-695-0665 E: aislee@aislee.com Maggie Groholski Leader of Forensic Real Estate Group P: 770-527-9559 E: mgroholski@me.com

Keep up to date with our latest opportunities by joining us on Facebook

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Main Monthly Meeting June 3 , 2013 rd

Crowne Plaza Ravinia Hotel 4355 Ashford Dunwoody Atlanta, GA

A Panel Discussion on…

“Changing Strategies for a Changing Real Estate Market”

Panel Discussion

with Don DeRosa, Russ Hiner, Bill Cook, Kim Cook and Dorsie Boddiford

MEETING AGENDA* If you haven’t noticed, the real estate market in the Atlanta Metro Area has been changing dramatically in the last 6 months. It has gone from a buyer’s market to a seller’s market due to the inventory shortage of available homes for sale at auction or on the MLS. With all these rapid changes going on, our June Meeting is the perfect time and place to get together and examine alternative investment strategies and marketing strategies to find deals. At the June Meeting, we’ll have a Panel Discussion with Don DeRosa, Russ Hiner, Bill Cook, Kim Cook and Dorsie Boddiford, five active real estate investors, about this sudden shift and how we can best capitalize on what’s working now. So come out and join us at the Atlanta REIA Meeting on Monday, June 3rd at 5PM at the Crown Plaza Ravinia Hotel in Atlanta to learn more about the changing real estate market and how to change your investing strategies and tactics to adapt to these rapidly changing times. We hope to see you there!

Your Name

s Member Gold Busines Valid Until: 1/1/2015

Member No. 1234

3:00 pm Meeting-Before-theMeeting at Total Wines & More 5:00 pm Vendor Vendor Trade Show & Networking Begins 6:00 pm Have and Wants Speed Marketing Session & Announcements 7:00 pm Networking Break 7:25 pm Giveaways & Door Prizes 7:30 pm Panel Discussion on the Changing Real Estate Market 9:30 pm Late Nite Networking at the Tilted Kilt Perimeter *Please Note: Meeting agenda is subject to change.

Atlanta REIA Members Can Attend at No Charge.

Bring y o cards & ur biz flyers

Guests Can RSVP Online Now for $15 or Pay $20 at the Door.

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Atlanta Real Estate Investors Alliance • JUNE 2013

THE MILLIONAIRE MAKER

Get-Er-Done By Ron LeGrand

t amazes me how some people, most in fact, who have the same amount of hours in a day, get so little done. I’ve always had a hard time understanding why people intentionally waste time and live an unproductive life. Most people are just hanging around waiting to die. Every day is the same, more or less, and a whole lifetime is spent doing or accomplishing not one darn thing worth remembering.

1. Clarity – You can’t get it done if you don’t know what it is. You must be clear on the objective and make sure those responsible are clear as well. This can only be done if it’s in writing and signed off by all parties. If it’s not, it’s your fault, not theirs.

If you’re reading this, I hope you’re not one of those folks I’ve just described, but I bet you could make a list of those who are. Some will have your last name perhaps. If you get this week’s lesson, you paid for it, which by itself tells me you’re looking for a more active and productive lifestyle. Kudos on that decision.

2. Good People – If you try to do everything, you won’t do anything well. It takes people to succeed whither they are employers or vendors or partners or contractors. The people you choose to surround yourself with are an extension of you. If their idiots, so are you. If they’re sharp and can think and act, they make you look sharp. I get credit for a lot of stuff I didn’t do, much of which I couldn’t do. Of course, when things go wrong, I also get the blame. Therefore, I choose people who succeed more than fail and quickly replace them when I’m wrong, just as I’ve done at Global.

It’s hard for me to understand why some people can’t get one productive thing done in a whole day. Personally, I’d rather be snowed under than bored. Never could understand how people can lay on a beach all day and do nothing. Not me bubba!

It’s the people at Global who make it easy for me to step in and move quickly. They’re sharp folks with more ability than they use. I’m simply letting them use it, which leads me to my next and probably most important key.

Okay, Ron, what’s the secret to getting so much done? Are you superman? Nope! Not even close. I’m a 65 year old, overweight auto-mechanic. I’m no genius. I barely got out of high school, no college, just 45 years of working for myself and making the same stupid mistakes I see people make everywhere I look.

3. Delegation – I have greasy shoulders so monkeys can’t land on my back. The only tasks I handle are those that can’t be handled by others. I’m a delegation fanatic. My PA, Tish, is one the receiving end of an avalanche of paperwork and assignments that never end. She delegates some and handles some and does it very well. She has learned not to let things pile up or she’ll never catch up when I’m doing the shoveling.

Not me brother. The older I get the more valuable each of those days becomes and I’m fully aware none of us are getting out of this life alive.

There are definitely a few keys to productivity, but I’ll address only those that are so critical to me and my ability to get more done than most any ten people I know combined.

All the tasks at Global have been delegated to staff members who know

they’ll be held accountable because I’m a guy with a planner who writes things down and doesn’t trust his memory. If I did I’d be like most people…an unorganized bumbling idiot going in circles and making excuses for my failures due to busy time management. This brings up the next key. 4. Follow up – This is huge and grossly under-valued by most people in business. It’s common for leaders to dish out assignments and assume they get done. It’s uncommon for leaders to be organized enough to follow up and make sure they got done. This can’t be accomplished without a system where the tasks are recorded and time activated to check on later… i.e. the planner, which I teach at Business Management boot camp. No follow up strains or kills relationships and business deals. I can’t tell you how many people I deal with (briefly) who can’t follow up. It seems to be a lost art. A few years ago, a New York company promised to be our leverage partner for my fund to make commercial loans. Several conversations and a trip to NY got a contract done. Then I sent them a test loan to process on one of my projects which they promised to close by year end, six weeks away. The sixth week came and no closing. After chasing them to reach a human being to talk with, they promised to close it the next week, a week late. During the entire week, I received not one phone call, fax or email from their office. I learned what I needed to know. Good thing, I put them on the DUFUS test, which they failed. Their lack of follow up cost them millions in fu-

http://AtlantaREIA.com

Atlanta Real Estate Investors Alliance • JUNE 2013

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www.irainnovations.com ture revenue and a relationship with a guy who has over 250,000 customers. Pretty stupid if you ask me, but to this date, I’ve still received no apology. I assume everyone is lying to me about what they’ll do until it’s done. I don’t trust anyone to do what they say because most don’t. That’s one of the things employees in their past lives who became entrepreneurs struggle with early into their businesses. They can’t believe people to do what they say. Don’t be one of them and do what you say when you say it. If you do, you’ll have no trouble attracting good people to work with because you’ve become the exception, not the rule. 5. Multi-tasking – You can only do a lot of things at once, if you’re not doing all of them. That’s why you need delegation, good people and follow up. I always have a lot going on and yet I’m not forced to do anything on any

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day I choose not to work, except my teaching days. It’s fun to keep a lot of balls in the air and it spreads your risk in case one of them hits you in the nose. I have enough projects working to support my family the rest of my life, my kid’s lives, and their kid’s lives and beyond. Any one of them could get me through life easily. I’m not so active because of the money, although it helps. It’s the thrill of the chase. It’s the game that keeps me going, just as it does for Trump, Turner, Gates and most rich people you know. Juggling a lot of balls keeps the game exciting and doesn’t hurt to build wealth either…But, it starts with the activity to “Get-er-done.” The last thing you need is more projects if you can’t even get one done. Think about why you’re struggling. Fix the real problem until it becomes easy to move quickly and you’re able to find good people and keep

them. Delegate well, manage your time and develop a follow up system. Then and only then can you become a hard charger who’s going for the gusto and accomplishing more than any ten people you know. GET-ER-DONE! Comment on this article online at http://atlantareia.com/?p=20434

Ron LeGrand 800-567-6128 www.RonLeGrand.com www.Facebook.com/GlobalPublishing Ron LeGrand is the world’s leading expert in residential quick turn real estate and a prominent commercial property developer. Ron has bought and sold over 2,000 single family homes over the past 30 years, and currently owns commercial developments in nine states ranging from retail, office, warehouse, residential subdivisions and resorts.

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Atlanta Real Estate Investors Alliance • JUNE 2013

800 Pound Guerilla Marketing

Can I Have Your Business Card? By Dustin Griffin

o you have a business card? Do you keep them with you at all times since you never know when or where you’re going to meet someone important such as a potential buyer, seller, joint venture partner or private money lender?

information you need? Do cheaply produced cards make you think less of the person or company represented? Does it take you a while to realize whose card it is or what that company does? If so, don’t make those same mistakes when designing your business card. Make sure your card provides a positive reflection of you, your company and your brand.

It never ceases to amaze me how many investors I meet at seminars, conventions or local REIA meetings that I ask for a card only to be told that they don’t have one, haven’t had them printed yet, or forgot them at home!

Thoughts to Ponder When Considering Your Business Cards:

What’s almost as bad, is when investors hand me crummy business cards with perforated edges that they printed at home or the ones they were too cheap to pay for that say “Business cards are FREE at Vista Print” on the back. Many investors don’t realize how important business cards can be. They think business cards are made for one reason only… to give people the ability to contact you at some later date. Most investors overlook the importance of having a professional business card that accurately reflects their brand. After all, business cards are often the first item prospects receive from you and are your first opportunity to make a strong first impression on them – positive OR negative. Your image, reputation and credibility are everything in this business! With limited exceptions, it’s fairly easy to spot an inexpensively produced card. If you choose to “go cheap” with your business cards, just make sure you don’t “look cheap”. If you look cheap, what message does that send to the people with whom you wish to do business? Are you really doing yourself any favors by missing out

1. Does your card clearly state what you do or why you should be contacted? 2. Is your card easy to read so people can easily find your contact information such as your phone, fax, email, website, social networking sites, etc?

on the opportunity to start building a positive, professional image right from the start just to save a few bucks? Cheaper isn’t always better when it comes to first impressions. Please spend a few extra bucks on some nice, professional looking business cards for impressing people of importance. Yes, you can still buy and use those cheesy, gimmicky business cards with Day-Glo neon colors or the ones that look like folded one hundred dollar bills for creative marketing purposes, but you should have a professional card as well for giving out to all your VIP contacts.

3. Does your card make you look cheap and unimpressive? 4. Are you embarrassed to give your card to a VIP? 5. Does your card provide a positive reflection of you, your company and your brand? Challenge: Get your business cards designed and printed and be sure to bring them to our next REIA meeting. Comment on this article online at http://atlantareia.com/?p=20442 About the Author: Dustin Griffin is the

When designing your business card, think about how you use other people’s business cards and the impression their cards makes upon you. Do you get frustrated when you can’t quickly find the

Executive Director of Atlanta REIA and Tampa REIA and is also an entrepreneur, real estate investor, website developer, internet marketing enthusiast and a husband and proud father of two.

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Atlanta Real Estate Investors Alliance • JUNE 2013

REAL ESTATE RAW

Atlanta REIA Member Benefits

Working With Brokers and Agents

• AtlantaREIA.com Website, Blog and Member Only Area • Affordable, High Quality Educational Workshops & Seminars • Fun, Frequent Networking Opportunities • Weekly Special Interest Groups Meet Around Town

By Bill Ham

• Lunch & Learn Subgroup Meetings • Wine & Dine Subgroup Dinner Meetings

“What’s the best way to

• Atlanta REIA Main Monthly Meeting & Vendor Tradeshow

find deals?”

• Know exactly what size, price, and type of property you are looking for and how you plan to fund it.

This is the number one question I get asked by my real estate students. The answer is in the title. Most people new to the real estate business these days are looking for a “magic bullet” system that will bring them all the good deals they can handle. Unfortunately it doesn’t usually work that way.

• Know your market. Knowing as much as you can about your market (city) and your sub market (3-5 miles around your property) as you can. This will help you to have an educated conversation about the markets and the areas you do and don’t want to be in.

• Atlanta REIA Subchapter Meetings

There is no better way to consistently produce viable real estate deals than through quality relationships with commercial brokers and agents. No owner of a commercial property is going to go out to the road side and put up a “For Sale by Owner” sign and hope a qualified buyer happens to drive by. They are going to find a great broker and list the property with them.

• Read the listing! Sounds simple but I have heard so many agents complain about people calling up and asking questions about information that was right in front of them on the listing. Do as much easy background research as you can on a property before you call and engage an agent for the first time. They spend a lot of time creating listings full of information so they don’t waste their time answering unnecessary questions. Read it!

• Member Discounts on Workshops

I tell my students “You are trying to buy a property that is not for sale yet.” Good deals don’t stay on the market long. If you call an agent and they have something for sale, chances are it’s not a good deal. Your job is to build a relationship with this agent or broker so that when a seller walk in the door with a hot deal…you immediately get a call! The best way for you to get on this agents “short list” is to have a good standing relationship. You need to get this persons attention on the very first time you speak to them. Here are some tips for quickly building rapport with commercial agents and brokers. • Be able to answer the one most important question “What are you looking for?”

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Bill Ham 478-718-0993 Bill@PhoenixResGroup.com www.LinkedIn.com/in/BillHam1 Bill Ham has been in real estate for 8 years and has created a portfolio of nearly 400 units in Macon, GA using creative and seller financing.

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Atlanta Real Estate Investors Alliance • JUNE 2013

Assets 101

Due Diligence on a Potential Deal or Partner By Dyches Boddiford

t is impossible to outline a single set of guidelines for due diligence, but here is a basic checklist, in no particular order, to begin your due diligence with a deal presented by another investor (referred to as offeror here). No money or commitment should change hands until you have satisfied at least this preliminary checklist. After all, you spent a significant period of time making your hard-earned money; don’t throw it away in 30 minutes. Unfortunately, this happens all too often. In many cases with experienced investors who should know better.Every business that seeks to grow and achieve success has a detailed business plan. Any real estate entrepreneur that expects cash flow and asset growth in any reasonable time period should have a detailed plan as well.

40% to 60% of resumes have false references.  You need to have independent references as well. For example, check with the president of a REIA local to where the offeror lives. Ask others in investment groups or classes where you met the offeror if they know him and his ethics. You can’t get too many references.   2. Ask the offeror about their experience and history. Ask what you will find if you run a credit-check or background check. You ask tenants and borrowers for this information, why wouldn’t you with someone with whom you are thinking about investing. Then run their credit, civil and criminal background checks. I once did due diligence on a fellow

where everything checked out until I ran a background check for $40 to find he was in bankruptcy.   Check the Secretary of State’s website for any entities the offeror may control or be associated. Then Google search those entities as well. What do you find?   3. Google the offeror. No kidding. Ladies are searching the Internet for background information on blind dates or someone they just met. You should search anyone you think you are considering investing your hardearned money with as well. You may be surprised by a Better Business Bureau rating or a newspaper article on their business ethics.

1. How well do you know the person offering you the deal? What is their reputation? Get names of other investors the offeror has done business with and talk to those along with other investors you know about their experiences or knowledge of this person. If you don’t know those investors, find out about them as well. Put more stock in the experiences of those investors who have been dealing with the offeror for years rather than a short period of time and have done several completed deals with them. What were their deals? Did they work out as expected? Did they check out what the offeror said? Did they receive the proper paperwork? Don’t rely solely on offeror’s references. A recent study showed that

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Atlanta Real Estate Investors Alliance • JUNE 2013

4. Ask the hard questions. What is their experience? Review the paperwork for the deal. Who is the owner shown? Does the offeror have a right to sell the property or secure your interest, depending on the deal? Then check county records for who actually owns the property. Assure you will be properly secured when you invest.   5. Does this investment constitute a security? This can be a hard question to answer, but generally, if you are not to be involved in control and decisions of the investment other than putting up the capital upfront, in order words, you are depending on the efforts of the offeror or someone else to generate the profits, it is a security. This covers a lot of investments being offered, so be careful. Hopefully, the offeror is a solid business person, meticulous and honest. But, if their activities comes to the attention of the state’s securities division or the SEC, your investment, including return of capital and profit, could be adversely affected over the couple of years required to work through the issues. I have seen investors lose large amounts of money when the offeror was performing, but ran into a securities problem. Sometimes their records were seized and bank accounts frozen. No matter what their intentions, they could not continue to perform.   6. Will the investment be in YOUR NAME so you can oust the offeror and take over if you decide to do so. It’s your money so you should control the investment. This is a biggie!

7. Confirm the deal is as it is being presented. This is one reason why you should only invest in your own backyard where you know the market. If this investment is in another location, you should go there and confirm what the offeror is saying is indeed correct. Sometimes, you will find the offeror even with the best intentions has made a mistake or is too optimistic in their projections. It is your money, don’t investment in someone else’s dream, just the hard facts of the investment.   8. Ask for last two years of financial statements and tax returns. No kidding. They can always say no. Their reaction to this request can often be very informative. If they do provide these items, great. Then call their accountant to confirm they are real. If they decline to provide, what is their excuse? If you are looking at taking them on as a partner, you really need this information.   9. If you are partnering, does the joint venture agreement describe that venture and responsibilities of partners as you expect or does it need to be revised to be more specific and in line with the discussions you have had with the offeror?   10. Never, never, never write a check directly to the offeror. Should you decide to invest, always send your funds directly to the attorney or title company doing the closing, along with closing instructions. These instructions should be specific as to exactly how the funds are to be applied and the signed and filed documents you

expect in return. Always get title insurance and require a Closing Protection Letter from the closing agent who is also issuing title insurance. It costs nothing extra and assures your written closing instructions as to paperwork affecting/securing title is done properly and funds applied according to your direction. Is there more that you need to do? Heck yeah! Every deal will need the details confirmed as if you are doing the deal on your own. You should never invest in something you do not understand or with someone you have not thoroughly vetted. Be careful of the securities issue as you investment could easily get caught up in any trouble the offeror gets into. The long and short of it is that you should always control your money or the investment of that money. The best approach is to invest yourself and not take on any partners if possible... Comment on this article online at http://atlantareia.com/?p=20391

Dyches Boddiford DB@Assets101.com www.Assets101.com Dyches Boddiford is a full time investor who speaks from experience in a variety of real estate areas. His seminars and conferences are intended for the serious real estate investor, though entrepreneurs in other businesses or investments will find his training helpful as well.

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Atlanta Real Estate Investors Alliance • JUNE 2013

Nine Tips for Spotting a Fraudulent Loan or Foreclosure By Bob Massey

here are innumerable issues that can be caught in a forensic audit and used to argue either that a title is clouded or a foreclosure proceeding is improper. Here’s a list of nine common problems that may lead to a positive outcome for a homeowner doing legal battle with a lender or servicer: 1. An individual purporting to be an officer of one lender or servicer shows up as the officer of several other companies at the same time. It is improbable, if not impossible, for one individual to simultaneously serve as an officer of several institutions. This is an indication that someone hired by a document processor was told to sign thousands of forms per day for many different institutions. Such individuals are required to swear by virtue of signing the documents that they have personally examined all documentation and personally know of the loan—again an impossibility. 2. A name appears on several different documents for the same person but in different handwriting. For example, there are many different handwriting samples of the same purported bank officer, Linda Green showing on thousands of different loan and foreclosure documents. 3. Notary stamp on a deed shows a date that would make that stamp newer than the date on the note. For example, a notary stamp dated with expiration in 2014 on a 2008 note could not possibly have been used in 2008 because the stamp could be no more than 4 years old. The document had to have been forged, or at least the notarization was forged. 4. The recording date on a legal document such as an assignment of

mortgage is stamped long after the date of the actual assignment. The recording did not happen in a timely manner. 5. A mortgage assignment shows up as being granted by a company that was not in existence at the time of the supposed assignment. Watch particularly assignments from Washington Mutual Bank (WAMU) and Countrywide because a lot of paperwork disappeared in the purchase of these companies and now lenders appear in some cases to be forging lost documents to build a paper trail in arrears. This is fraud. 6. Date of assignment shows as after the date the foreclosure lawsuit is filed listing the assignee as the party of record. The assignee could not possibly have standing if they did not own the note until after the lawsuit began. 7. An assignment is made to a company that was defunct before the assignment was made. A defunct company cannot have standing in a suit against a homeowner. 8. An assignment is made by a defunct company. The assignment is obviously fraudulent because a defunct company cannot assign anything. 9. False signatures from notaries. Testimony was given by a notary in the Law Offices of David J. Stern to indicate that notaries in that office routinely passed each other’s stamps around and forged signatures. Stern has since gone out of business for robo-signing irregularities. As a result of this malfeasance improper assignments were recorded in county

records across the country, improper assignments were submitted and accepted by the courts and trustees in foreclosure lawsuits, and homeowners in the hundreds of thousands (millions?) were foreclosed upon illegally. The unfortunate upshot of this mess is that a homeowner risks being hit with a second lawsuit by the real note holder and a second judgment on the same property! These frauds have opened up a huge opportunity for real estate investors to help underwater homeowners AND pick up properties at large discounts. By investigating the specific circumstances behind underwater homeowners’ loans, we are discovering blatant fraud that can be used as leverage against the banks in order to negotiate huge discounts. This allows investors to free homeowners from the burden of dumping money into an underwater home while doing some incredible deals. If you would like more information on this awesome strategy, give my office a call at 706-485-0162! Comment on this article online at http://atlantareia.com/?p=20384

Bob Massey 706-485-0162 info@REWealthCoach.com www.REWealthCoach.com www.Facebook.com/BobMasseyOfficial Bob Massey is a recovering corporate executive who is now living the dream running his own real successful estate investing business and teaching others how to do the same. In the process he has become the nation’s leading educator on the foreclosure investing the foreclosure process.

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Atlanta Real Estate Investors Alliance • JUNE 2013

continued from page 2 • I can take over payments and provide debt relief • I can stop foreclosure and help you repair your credit • I can close on the date of your choosing so you can close when you need to • I can buy your house in the condition it’s in so you don’t have to do any repairs You get the idea. This is where you make your case and you could even back it up with testimonials from satisfied customers if you are doing an advertising piece like an advertorial for example. You can leave it this short or you could expound on each point if you want. You just need to let you seller know why they should want to sell to you and how you can help them solve their problem. After all, that’s the whole point isn’t it? We want to create win-win solutions for ourselves and our sellers. And last but not least is the “call to action”. What do you want your prospect to do? How do you want them to contact you? You need to let them know this in no uncertain terms. If you don’t tell your seller what you want them to do, don’t expect them to do anything. For example, putting your phone number at the end of an ad doesn’t tell your seller what you want them to do, but the words “call me now” and then your phone number does. If you are writing an ad and you can give them more than one way to contact you this is even better. For example, you could put “call me now” and your phone number and then also provide

the prospect with a website to look at as well. Now they have more than one way to contact you. When you give prospects more than one way to contact you, more of them are going to. You want to make it as comfortable as possible for sellers to contact you. Now that I have covered for you the four components to writing a killer ad, you have no excuse but to go out there, run some ads in your local newspaper and shopper guide following these guidelines and watch the leads come in. Every ad you write, every advertorial or special report you write needs to meet these guidelines. For more information on writing killer ads and marketing to find motivated sellers, visit my website at www.marketingmagiclady.com. While you are there be sure and sign up for our monthly newsletter and receive $149.00 in amazing bonuses.

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Kathy Kennebrook 941-792-5390 KPaddler@ATT.net www.MarketingMagicLady.com www.Facebook.com/Kathy.Kennebrook Kathy Kennebrook is a speaker, author and has been actively investing in real estate since 1999, Kathy currently resides in Bradenton, FL and is known as the Marketing Magic Lady because she is the country’s leading real estate marketing expert on finding motivated sellers using direct mail.

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Atlanta Real Estate Investors Alliance • JUNE 2013

Fast Track to Self-Directed IRA Investing

Protect Your Nest Egg Mistakes that Can Cost You! By Jim Hitt, CEO of American IRA, LLC Lack of Knowledge Many people make mistakes due to a lack of understanding of the governing rules. This article covers two of the most common mistakes. Understanding these rules can help you grow your selfdirected IRA without fear of losing out to avoidable errors. Violating Once-Per Year IRA-ToIRA Rollover Rule You have two options when moving assets between your IRAs; one is a transfer and the other is a rollover. Under a transfer, the delivering IRA custodian pays the amount to the receiving IRA custodian for the benefit of your IRA. Transfers can be done for an unlimited amount of times. Unlike a transfer, a rollover can only be done once during a 12-month period per IRA. Failure to follow this rule will result in loss of tax-deferred status, which means that the amount would be treated as ordinary income and could be subject to the 10% early distribution penalty if the distribution occurs while you are under age 59½. The amount could also be subject to a 6% excise tax if not corrected by your tax-filing deadline, plus extensions. Example: John decided to purchase a rental property and moved $100,000 from his Traditional IRA #1 to his selfdirected Traditional IRA. He requested a distribution of the amount on January 30, 2013 and rolled over the amount on February 10, 2013. John found another rental property and consequently withdrew an additional $200,000 from

IRA #1 on April 2, 2013 which he rolled over to his self-directed Traditional IRA on April 10, 2013. John’s Mistake: John should have used the transfer method for at least one of those transactions, because only one distribution can be rolled over from IRA #1 during a 12-month period. The Consequences: John must include the $200,000 as ordinary income for 2013. If he was under age 59½ on April 2, 2013, he will also owe the IRS a 10% early distribution penalty, unless an exception applies. John may also owe a 6% excise tax if he does not distribute the amount as a return of excess contribution by his 2013 tax filing deadline, plus any extensions, along with any net income attributable (NIA).

Tim’s Mistake: Tim should have used another source to cover his short term financial needs or borrow the funds from another source in order to rollover the amount within the 60-day deadline. The Consequences: Tim must include the $100,000 in income for 2013. If he was under age 59½ on January 10, 2013, he will owe the IRS a 10% early distribution penalty on the amount, unless an exception applies. If Tim rolls over the continued on p18

Missing 60-day Deadline If you take an eligible rollover distribution from your IRA or any other retirement account, the amount must be rolled over within 60-days of receipt in order for it to be excluded from your income. Failure to meet this deadline could cause the amount to become ineligible for rollover. Example: Tim requested a $100,000 distribution from his Traditional IRA on January 10, 2013 and received the amount a few days later. Tim deposited the amount to his regular checking account as he planned to use it as a down payment on a property he knew he could flip quickly. However, the closing was delayed on the property until March 31 (well past the 60-day deadline).

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Atlanta Real Estate Investors Alliance • JUNE 2013

REAL WORLD REAL ESTATE INVESTING

How We Financed The Deal By Bill Cook

ur last column sure brought in a ton of calls and emails! In that column, we explained how last month we found, closed and financed a home in just three days by knocking on sellers’ doors – and didn’t use any of our own money. (You’ll find that column, titled “What’s Old is What’s New,” on our website.) Here are the most common questions we were asked: What is a private-money lender and how do you find them? Why do private-money lenders lend to you? How are private-money lenders secured and paid? More than a decade ago, Kim and I learned that a bank isn’t the only place to get a mortgage. There are individuals who will loan you their own money and fund your deals. While banks can be a good source of long-term financing, they require a mountain of paperwork and take weeks to verify your information. It often takes a month or more to get an institutional loan. On the other hand, when dealing with a private-money lender (PML), because we’re dealing with a real person and the purchase property is being used as collateral for the loan, we’re often able to get immediate funding and

close within a day or two. This is exactly what happened with our April purchase. We’ve never sought out PML – they come to us. Over time, an investor builds his/her reputation. If your reputation is a good one, lenders will seek you out. If your reputation isn’t so hot, you’ll just hear crickets and no one will touch you with a ten-foot pole. If you’re new, you may want to partner with an experienced investor with a solid reputation, who can bring credibility to your deal. Why do PML’s lend to us? They seek a good return – a better return than they can get at the bank. For example: Several weeks back, a couple contacted us. They had a $350,000 CD paying 4.1% interest. Their CD was maturing. The CD paid them $14,350 per year. This money, combined with their social security and pension income, ensured they lived comfortably. Problem was, when they rolled into a new CD, their interest rate was going to drop to a microscopic 0.72%. This meant their yearly investment income would PLUMMET by $11,830 – a huge financial blow to someone living on a fixed income.

at 4.1% interest. Theirs was a win-win offer. They would be able to maintain their standard of living and we’d be able to work with a PML instead of a bank. So let’s look at how we financed the Green Acre house that we bought last month. On a Saturday, the seller agreed to a sale price of $50,000 if we closed within three days. We determined that the house needed a $10,000 facelift. We contacted a PML who agreed to loan us $60,000 to buy the property. The PML lender wired $60,000 to Lee Perkins, our closing attorney. Three days later, as promised, we bought the property. Today, the property is being rehabbed and will soon be offered for rent. Private-money lenders allowed us to close on Green Acre quickly and without a lot of red tape. It allowed the seller to put the property behind her. It gave the PML a return that she can’t get at the bank. Like I said, a win-win deal! Comment on this article online at http://atlantareia.com/?p=20338

This couple wanted to know if they could loan us money, secured by a property,

Bill Cook 727-420-4810 BillCook2009@Gmail.com

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Bill Cook is a full-time real estate investor, speaker and author. He specializes in single-family homes and mobile home parks. Bill believes that real estate investing, especially the act of buying and holding rental property, is the surest way to financial independence and wealth. Bill and his wife Kim run North Georgia REIA where they teach others how to successfully invest in real estate.

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Atlanta Real Estate Investors Alliance • JUNE 2013

continued from page 15 amount after the 60-day deadline, the consequences will be the same as those that apply when someone violates the once per 12-month rule for IRA-to-IRA rollovers (explained above). Conclusion: Use the Right Options Many investors call our offices wanting to know about the 60 day rollover and we encourage them to use the transfer method instead whenever possible. Using the 60 day rollover method to acquire real estate is full of danger due to the uncertainty of closings, the selling of the property, and so forth. Whatever you are going to make on the real estate transaction, you may lose in your IRA. Disclaimer American IRA, LLC does not give investment advice. We do offer guidance as to the rules and regulations related to self-directed accounts and the benefits of different account

types so that our clients can take that information to their professionals to discuss the ramifications of various decisions on their individual situation. Comment on this article online at http://atlantareia.com/?p=20398

Jim Hitt 800-750-0472 JimHitt@AmericanIRA.com

REIA.com

www.AmericanIRA.com www.Facebook.com/AmericanIRA www.Twitter.com/IRAExpert Jim Hitt is the Chief Executive Officer of American IRA, LLC and has been committed to all aspects of investing for more than 30 years, using selfdirected IRAs for his own investments since 1982. Jim’s forte is the financing and acquisition of real estate, private offerings, mortgage lending, businesses, joint ventures, partnerships and limited liability companies using creative techniques.

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FORECLOSURES GONE WILD

Helping Sellers Survive the Foreclosure Roller Coaster Ride By Kimberlee Frank

oing through a Foreclosure action and losing your home is a very stressful situation for anyone. Until you walk in those shoes yourself, it’s hard for an Investor or Realtor to understand what a Seller is facing in their day to day life. I would like to share how a Seller feels during this process so that you can really begin to understand the Seller’s experience. It IS a scary roller coaster ride and you can help deter them from crashing and burning at the end! Owning a home has always been the American Dream. Sellers become very emotionally attached to that “dream home.” They work their tails off, save as much money as they can, and make the big purchase. Unfortunately, the adjustable rate mortgage was introduced to our economy which allowed Sellers to purchase the home of their dreams with little money down, interest only payments with the Sellers knowing that in 3 to 5 years they will have to refinance their home to a fixed 30 year mortgage in order to keep it. When the housing market crashed, it affected everyone drastically. Many people found themselves without a job ie. realtors, mortgage brokers, developers, contractors and many more people in different occupations. Can you image if you had a 700+ credit score and then suddenly you weren’t able to make your payments on your home, car, credit cards, and purchase food or clothing for your family? This is such a humbling experience that many Sellers don’t survive. Everything

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they have worked for their entire life is gone! This situation has crushed many dreams and is still occurring daily. First off, the Seller should not have purchased a home with an adjustable mortgage rate and counted on the economy to increase the equity in the home enough to be able to re-finance. However, with the persuasion of the mortgage broker, spouse, friends and maybe family, the Seller thought “It will be alright I can do this!” Now that everything is crumbling down around the Seller, their pride is stopping them from taking the correct step and doing a short sale. The Seller receives multiple telephone calls a day from a debt collector whether it is for the mortgage payment, car payment, credit card payment, etc. The Seller (male) is starting to have family issues as it was his job to earn income to support the family. A Seller (female) may also be in the same position as in this economy it takes two incomes to raise a family, send their kids to college and to pay all the bills. Many Sellers lose faith in their religion as they don’t know who else to blame for the fact that they are losing their home. In reality, it is the economy’s fault and no one else to take the blame. It’s just life. This is hard for Sellers to realize. In addition, Sellers start having health issues, they argue more often, drink more, kick the dog, beat the kids and their safe and stable family life turns into CHAOS. This is nothing to scoff at, laugh about or take lightly. Foreclosure destroys families and lives. Many

Sellers end up in divorce, kids start failing in school or they totally move out. The family quits going to church. The family unit and the individuals literally fall apart. Sellers need our help to understand the entire short sale process and how it can truly benefit them…..especially the fact that it is FREE, and they are in control of their destiny versus walking away or staying in the house and still letting it go to foreclosure. When you contact Sellers, you need to be aware that they are expecting someone who wants money from them. They are barely scraping by and now we say we want to buy their home. Where will they go? You need to remember that these Sellers are on a roller coaster ride from “heck” and don’t know how to get off or aren’t even sure that they want off, because they are not informed about all of their options. I always teach that you, the Investor or Realtor, will have to help the Sellers understand the process, meet with them a couple of times and, more than likely, will have to counsel them during their stressful situation. I like to set their expectation right from the beginning which is “doing a short sale allows you to control the bank’s outcome.” What I mean by that is in my contract it states “This offer is subject to the underlying lenders taking a discount acceptable to the Sellers and the Buyers.” This way, if at the end of the short sale, the short sale lender wants money from the Sellers or the deficiency judgment is not waived, the Sellers can back out of the continued on p27

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Atlanta Real Estate Investors Alliance • JUNE 2013

Business Member Spotlight

Atlanta Business Member Spotlight:

Alexandra Spollen with Georgia Home Deals By Jeff Nix, Director of Business Membership

anaged by Alexandra Spollen and based in Acworth Georgia, Georgia Home Deals is a full service investment property wholesaler, retailer, property management and lease purchase company. Alexandra has 20 years experience as a loan officer and is well suited to assist with full service property acquisition related transactions. They are well connected to the investment community and can arrange hard money loans as needed. Their real-time updated website is http://www.homedeals.biz/. It is a simply formatted listing page highlighting their available properties. Georgia Home Deals served 83 purchase clients in 2012 and is proud to offer their services to the Atlanta REIA community. Georgia Home Deals: Wholesale property provider, contact Alexandra Spollen at 404-660-1865, via email at

alex.spollen@directlendersllc.com or visit them on the web at http://www. homedeals.biz/. Would You Like to Expose Your Business to More Active Real Estate Investors? Do you own a business that could benefit from a whole new segment of clients or new customer base? You too could be a Business Member of Atlanta REIA. Our

Business Memberships are designed to give your enterprise as much exposure as possible to our members, guests and followers based on your membership type (Silver or Gold) and your ongoing level of participation within our group. The more you participate, the more benefit your business will receive. All we ask is that you participate with our group as much as possible and consider offering our members reasonable discounts for your products and services. Find out today if your business qualifies and if you can benefit from associating with Atlanta’s most progressive real estate investors. Call or email me today to receive a free report, “20 Ways to Get Your Business Involved with Atlanta REIA”. Comment on this article online at http://atlantareia.com/?p=20394

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Atlanta Real Estate Investors Alliance • JUNE 2013

Pearls of Wisdom

The Biggest Mistake Most People Make in Their Lead Generation Marketing By Tony Pearl

Has This Ever Happened To You? You spend a good chunk of time writing what you think is a KILLER ad. You’ve picked where you’re going to advertise (Offline? Online? Both?). You set aside some marketing money, and hope that it works out by bringing you back some leads, which should turn out to be a deal or two. Then you place the ad. And wait. And wait some more. You stand by the phone - or look at your inbox to see when those leads will come rolling in... And THEN what happens? Nothing! Nada. No calls. No email submissions. No love. Sound familiar? If you’ve been in business for any length of time, you’ve been there. It sucks. No leads. No phone calls. Money down the toilet. Worst of all: No Leads = No Deals. And No Deals = No Income! WHY did that happen? And what can we do to FIX it so it doesn’t happen again? Well, there’s actually a lot of different things that could have made this marketing disaster. Here’s a couple example of some of these things may be beyond your control: 1. Bad timing (Example: It was a bad time to be an air travel agent right after 9/11); 2. No market for what you’re selling; or 3. Excessive, Superior Competition. But let’s not focus on what we can’t control. Chances are, there’s always something that you can do better to have success - MOST of the time.

Here’s ONE obvious thing you should always check… Accuracy: Is the right Phone Number, Website, or Hyperlink in your ad? We’ve heard stories of people who have put out a proven, winning ad to a responsive, targeted list, then wonder why they got no phone calls... only to discover that the WRONG phone number was on the ad! That could be a bad day, so be sure you proof-read your ad one last time before committing it.

MAIL stuff in!)

Assuming it is correct, it’s now time to look at:

So, for your next ad, try writing it so that you don’t “Sell” your prospect on anything... except why they should pick up the phone & call you to get more information about HOW you can help them.

“The Biggest Mistake Most People Make in Their Lead Gen Marketing” Yeah, I know that’s the title of the article. I’m saying it again for emphasis! So Here it is: The Biggest Mistake Most People Make in Their Marketing is: Trying To SELL To The Prospect! Wait... what? “But I thought that marketing was the same as selling?! I don’t get it!” Right... That’s why you’re reading this article! So Let Me Explain... Unless you’re sending out a full sales letter, the Purpose of an ad is NOT to SELL The prospect anything. There should be nothing for them to BUY. Confused? Good. Keep reading. The Purpose of an ad is to Target a Specific Market, then Arouse enough Curiosity to Get the Prospect to “Raise Their Hand” and Request More Information - by taking a certain, specific ACTION, such as making a phone call, or filling out a FORM, etc. (Back in the Flintstone age - before the Internet - people used to actually

If you can do THAT - Get someone to Call You and/or request more information, then you’re giving your sales process the chance it needs to succeed. The idea here is that you don’t want to give your prospect too much information in an ad that they can make a decision because most of the time, they’ll think they already know enough, and their decision might be ‘No.’ (Not good)

Once they call you, THEN you can engage them in your process - ask them questions, see what their needs and goals are, so that you can then ‘Make ‘em an Offer They Can’t Refuse.’ HOW do you get them to take action? It all starts with your headline. Your ad’s headline should first Identify & Target your prospects. The more specific, the better. Example: “Attention: Atlanta Homeowners Behind On Your Mortgage...” That headline targets a specific market. Obviously, someone who rents an apartment in Oakland, California wouldn’t even notice an ad like that. And that’s exactly what you want. The next part of your Headline should offer your prospect something desirable, that arouses curiosity, and compels them to keep reading. Continuing with the above example: “Shocking Video Reveals the #1 Way Atlanta Residents Can Avoid Foreclosure - WITHOUT

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Atlanta Real Estate Investors Alliance • JUNE 2013

Bankruptcy, Guaranteed!” Depending on what type of ad you’re using (Bandit Sign, Craigslist, Newspaper, etc.), you can either sprinkle in some benefit-laden Bullet Points, or just cut straight to the Call to Action (CTA) - Get them to DO what you want them to do, like call you on the phone number you provide. Or fill out the form when they go to your website. You get the idea. But ALWAYS have that CTA. And there you have it! The biggest mistake most people make in their Lead Gen Marketing is that they try to SELL the prospect on trying to make a BUYING decision too early in the process, rather than simply arousing enough curiosity to compel the prospect to ‘raise their hand’ and Take Action to get more information. So don’t make that mistake anymore, and you’re well on your way to making a much higher Return On Investment (ROI)with your marketing money, doing more deals, and having more FUN when you run your ads from now on! Make sure you read this column next month, when I’ll talk about a couple

more common marketing mistakes most people make, and how YOU can avoid them. Until then, I’m... Wishing You Success, Tony Pearl Comment on this article online at http://atlantareia.com/?p=20446

Tony Pearl 202-556-0670 Tony@TonyPearl.com

Savannah REIA.com

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www.TonyPearl.com www.Facebook.com/TonyPearl www.Twitter.com/TheTonyPearl www.Youtube.com/TonyPearl Tony Pearl is an entrepreneur, copywriter, proud father, mentor, marketing consultant and talented teacher who resides in the Washington, DC area. He has traveled to over 26 countries, speaks 4 languages, and continues to travel extensively. He has been a professional Ballroom and Latin dance instructor, competitor, and exhibitor for over 19 years. As a Real Estate Investor, Tony has bought and sold over Ten Million dollars worth of real estate, and has been educated by and associates with the best.

Meets on the

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There’s an App for That

Open Source Apps: Cheap Can Be Great!

Join Don at the Selli ng Houses Fast Boot Camp on Ju ne 22nd in Atlanta!

By Don DeRosa

“Without a sense of teamwork I think it’s really hard to build a great business.” ~ Martha Steward

ticker shock. I don’t know about you, but I’m feeling it these days. In the doctor’s office, at my kid’s college, and at the grocery store. Business expenses are going up, too. Have you priced Microsoft Office Pro lately? Ouch! But it would be almost impossible to run a business these days without it. Sooner or later, you’re going to have to cough up the bucks to get it. Or are you? Maybe not, thanks to something called “open source.” What the heck is open source? It’s software that’s created and improved by anyone who wants to pitch in, and it’s free for anyone who wants to use it. This is very different from the usual corporate model, where software is written in secret with lots of copyright lawyers hanging around the water cooler. Open source is kind of a philosophy. The idea is that when you’ve got a talent pool made of the entire human race, instead of just a limited number of in-house professionals, innovations come more quickly, and bugs are eliminated faster. Everyone can contribute, and everyone can use it free, for any purpose. Probably the best known open source project is Wikipedia. It’s a great place to look for general information about a topic, although it’s a good idea to verify Wikipedia information with another resource. You might think that open source programs would be hopelessly rinky-dink, and stripped to the bone of any useful features. You get what you pay for, right?

But these versions are surprisingly sophisticated and robust. So how do you find open source programs? It’s easier than you might think. If there’s a software product that’s got you drooling, just Google it to find other alternatives. Here’s how: Type “open source” and the name of the program you want. For major software products, information about an open source alternative should pop right up. For example, if you Google “Microsoft Office” and “open source,” you’ll find a PC World article that lists five decent free alternatives; the best known is probably Apache OpenOffice (www.openoffice.org). If you Google Photoshop, you’ll find GIMP (www.gimp.org). GIMP is free, too. Some cautionary notes, though, before you toss your Microsoft Office back-up disk in the fireplace.

Finally, experiment before you limit yourself to any one program. Make sure you’ve got a good feel for how it works. For example, does your OpenOffice document format properly when you open it in Word? Is there useful help and support online? Is the open source product missing any important features? Many people have found open source products they love so much they don’t need to purchase the name-brand at all. It’s worth checking out even if you still wind up getting the name-brand product. You never know when you’ll need a back-up. And after all, some of the best things in life really are free. Comment on this article online at http://atlantareia.com/?p=20388

First, be sure you get the software from a source you trust such as www.cnet.com. And don’t venture into cyberspace without some good virus protection! Second, make sure the program will save files in a format you can use. The good ones will, but it may not be the default. For example, OpenOffice can save your file as a Word document, but only if you tell it to. This is essential if you want to share your files with others. Third, check the license agreement to be sure you’re using the software legally. Do this especially if you’re a computer expert and you want to change or add to the code. Fourth, read some reviews. You’ll get invaluable information, and sometimes you’ll find out about a product that’s even better.

Don DeRosa info@DonDeRosa.com www.MobileRealEstateRockstar.com/Atlanta-REIA www.Facebook.com/Don.DeRosa www.Twitter.com/DonDeRosa Don DeRosa was recognized as one of the nation’s top 21 real estate investors in the New York Times bestseller The Millionaire Real Estate Investor. Don, who is a full-time investor, trainer, and mentor, is the first to offer his complete investing system on a mobile platform. Don teaches investors how to Make More and Work Less by being more efficient, productive and competitive, leveraging mobile technology and apps on the iPad, iPhone, Android and other mobile devices.

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Atlanta Real Estate Investors Alliance • JUNE 2013

Appraiser Secrets for Real Estate Investors

What Values Do You Need To Know When Investing? By Mark Jackson

ears ago I learned appraisers and other property valuation folks use three methods to build a value for a piece of property. The sales comparable or market approach basically look at what comparable properties sell for, the cost approach looks at what it would cost to build the property, and the income approach considers the value of the income stream that a property generates or could generate. Each of these methods has a different use and different type of property for which it is most appropriate. Let me share a little more detail before giving a slightly different investor focused concept.

Comparable Sales Approach In the comparable sales approach, a value is created by looking at what similar properties in a similar market have sold for. Your REIAComps.com Membership is very useful here. For example, if three similar three-bedroom homes sold in the same neighborhood in a range of $75,000 to $85,000, it’s reasonable to assume that a comparable property would also sell in that range. The appraiser would choose a specific value by adjusting each comp for the unique characteristics of the property that they are analyzing. You can get assistance performing this same comparable analysis by using the Valuation Support Desk through your REIAComps.com Membership.

Cost Approach The cost approach values properties on the basis of what it would cost to build them today. The valuation starts by estimating the cost for labor and materials to either build a comparable

replacement building or to completely reproduce the building, depending on the scope of the analysis. Next, the appraiser subtracts out an estimate of the building’s loss of value due to depreciation since the building being analyzed is probably not in the same condition as a newly constructed property. Income Approach The income approach values properties based on the income that they could possibly produce. Typically, the analysis starts with calculating a net operating income for the property that takes its rent and its operating expenses into account. Next, the investor conducting the analysis chooses a capitalization rate, which is an income multiplier. The cap rate is usually derived from comparable sales data. The price gets calculated by dividing the NOI by the cap rate. For example, if a property has a $40,000 NOI and comparable buildings trade at a 7 percent cap rate, it would be worth $571,428. The price comes from dividing the property’s $40,000 income by 0.07, which is the market cap rate. If the market cap rate was 8 percent, the property would be worth $500,000 (50000 / 0.08).

Choosing an Approach Each approach has different uses. The income approach typically gets used for rental and income producing properties like duplexes up to eight bedroom apartments. Most cost approach analyses are done with newly constructed properties because there is less depreciation to calculate. Unique properties for which it is hard to find comparable properties, like specialized

vacation properties or industrial buildings, are also good candidates for the cost approach. The sale comparable approach is typically used for properties like single family residences where many comparable sales from which to choose exist. Now the real fruit on the tree is you always want to calculate two numbers. The acquisition value as well as the after repair value (ARV). As investors, we want to have a solid idea of not just the value of a dwelling. Because we are proactive in our business acumen thinking of the next individual in the transaction, it is vital to demonstrate there is an equity position for the buyer. Use your REIAComps.com account to determine the best acquisition and ARV every deal you look at. Don’t for one moment let someone tell you the value. Let REIAComps.com show you for yourself. Comment on this article online at http://atlantareia.com/?p=20427

Mark Jackson 678-318-1773 Ext 5 MJ@MarkJackson.me www.REIAComps.com Mark Jackson is an appraiser, real estate investor and property valuation specialist who teaches others to get more out of their real estate investing business. In 1999, Mark founded an appraisal company and soon found his true gift was analyzing property values for real estate investors. Since 2000, has closed millions of dollars’ worth of his own domestic and international real estate transactions. Mark’s passions are: faith, family, golf and real estate.

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Atlanta Real Estate Investors Alliance • JUNE 2013

continued from page 20 deal! And by the way, if you’ve taken my course, your Sellers will not pay any money and their deficiency judgments should be waived. This alone makes a Seller feel warm and fuzzy and in full control. As for you, well, this statement may not make you feel warm and fuzzy. I only work on transactions that will be a win for the Seller, win for the buyer, win for the bank, and win for the Realtor. Using this motto will help you excel in your business. I provide excellent service and teach my student to do the same; therefore, we all have high referral rates and you should, too! So, the next time you are dealing with a Seller who still owes you paperwork in order to do the short sale, please recall this article and remember what kind of day are they going through. How can you help them provide what is needed to process the short sale? Is it, I will come to your house and we do it together? Should I email it to you and do you have enough ink in your printer to print it out

or should I overnight it to you with a return label self addressed and paid? We are here to provide a service……so provide an excellent service to them. I provide excellent service; therefore, I have an excellent referral rate. I know as an Investor and Realtor it is a struggle to deal with Sellers and short sales. However, if you are willing to do what it takes to get the deal done by truly helping the Sellers, then you will not only make money, you will also help a Seller from owing a deficiency judgment for 25 years and maybe help stabilize their family again. The Banks are going to go after these Sellers and we must approach this with a mindset that “enough is enough!” Help the Seller out and explain the short sale process and remember, they need you more than you need them. However, without your help and persistence they would not have made it through this ugly time. Feel proud of helping the Sellers rebuild their world, save their family and move on with the next chapter in their life. I am proud of you!!!

Happy Negotiating! Kimberlee Frank Comment on this article online at http://atlantareia.com/?p=20419

Kimberlee Frank 407-888-3255 Kimberlee@ForeclosuresGoneWild.com www.ForeclosuresGoneWild.com www.Facebook.com/ForeclosuresGoneWild www.Linkedin.com/in/KimberleeFrank www.Twitter.com/KimberleeFrank Kimberlee Frank is a Master Negotiator who has closed over 600 deals since 1998. She is a Mentor, Trainer, Author and Real Estate Broker teaching Investors and Realtors how to creatively purchase and sell short sales with her Step-by-Step System. She has helped Investors and Realtors earn hundreds of thousands of dollars.

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Atlanta Real Estate Investors Alliance • JUNE 2013

REAL ESTATE LEGAL REPORT

Worried About Collecting On A Judgment Against Your Tenant? Don’t Stress, Distress! By Attorney Jon David W. Huffman

hen a tenant is in default, many landlords face a common question: whether pursuing their tenant for a money judgment is worth the extra time and expense. All experienced landlords know that they can quickly evict a tenant. However, the extra effort to obtain a money judgment1 and even more effort to collect on that judgment may or may not be worth it. In some situations, a distress warrant may solve this dilemma.

Advantages The obvious advantage of a distress warrant is the opportunity to seize the defaulted tenant’s property in order to collect past due rent. Also, the proceeding is quick. The court is required to schedule a hearing within five to seven days of service.3 At that hearing, the court is obliged to issue a distress warrant (i.e. a command to the sheriff to seize the tenant’s property) if the tenant does not pay what he admits is owed or post a bond.4

Many landlords and property managers may have performed dozens of evictions, but may have never heard of a distress warrant. A distress warrant is an accelerated proceeding by a landlord against a tenant to seize the tenant’s leviable property to satisfy rents owed. Leviable property includes equipment, furniture, machinery – and as one sheriff once reminded me, cows. This would not include property subject to the process of garnishment, such as bank accounts or wages.

Disadvantages First, the distress warrant procedure is a separate and distinct procedure from a dispossessory (eviction) action. Therefore, anyone who wishes to both seize their tenant’s property and evict them must file two actions.

The legal background of a distress warrant begins with the concept that every landlord has a lien against the leviable property of his tenant.2 The way to enforce this lien is through a distress warrant. The process is not extremely complicated, but is riddled with technical requirements and pitfalls for the inexperienced. Unlike the eviction process, which many non-attorneys pursue successfully, I do not recommend that a non-attorney attempt a distress warrant proceeding. Let us now discuss some advantages and disadvantages of a distress warrant.

NGaREIA

Second, for due process reasons, before a distress warrant can issue, the tenant must have both notice and a hearing before he loses possession of his property.5 Although the law explicitly commands the tenant not to “convey, remove, or conceal his property” without posting a bond or paying the undisputed rent into the court, this requirement may be ignored by the tenant.6 This renders the action impractical in some situations. Finally, because these actions have decreased in their popularity, many courts and especially the clerk’s office may be unfamiliar with the legal process. In my experience, an attorney is needed just to navigate the filing process. Because of these disadvantages, a distress warrant is most practical in commercial or

high-rent residential situations. However, even with the above disadvantages, a distress warrant is a unique and often successful way for landlords to collect on past due rent. Next time you have a tenant in default explore this possibility with your attorney. Disclaimer: The information contained in this article is for informational purposes only and is not legal advice or a substitute for legal counsel. It does not constitute advertising or solicitation. The information in this article may or may not reflect the most current legal developments; accordingly, this article is not guaranteed to be complete, and should not be considered an indication of future results. Comment on this article online at http://atlantareia.com/?p=20403 1 The most notable extra effort is the requirement of personal service, as opposed to, tack and mail service only. 2 See O.C.G.A. § 44-14-341. 3 O.C.G.A. § 44-7-72. 4 O.C.G.A. § 44-7-75. 5 Blocker v. Blackburn, 228 Ga. 285, 185 S.E.2d 56 (1971). 6 See O.C.G.A. § 44-7-75(d).

Jon David Huffman 404-373-4008 x 304 JonDavid@PooleLawGroup.com www.PooleLawGroup.com www.LinkedIn.com/in/JonDavidHuffman Jon David Huffman is a litigation attorney specializing in real estate disputes, business disputes and commercial collections. With more than a decade of experience managing small businesses before attending Emory Law School, he brings a business owner’s perspective to the practice of law.

North Georgia REIA Monthly Meeting 2nd Thursday of Each Month at 7:00 PM at the Hilton Garden Inn, Cartersville, GA

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Atlanta Real Estate Investors Alliance • JUNE 2013

Creative Financing is King

Warning: To Anyone Who Owns Real Estate

Join Larry for the Lan in Tampa d Trust Camp on Boot June 15th - 17th!

By Larry Harbolt

WARNING: If You Own Any Properties In Your Own Name Statistics Show You Have A Huge Target On Your Back And A Damaging Lawsuit Is Just Around The Corner If You Don’t Do Something FAST To Prevent This From Happening To You!

et me share some very important facts that unless you do something FAST could cost you everything you’ve worked hard for. Statistics show… Fact: Every year at least 7,000,000 (seven million) Slip-and-Fall Civil lawsuits are filed throughout this country costing millions of dollars. That means that at the very least 14,000,000 (fourteen million) people and their families will be party to those lawsuits that 85% to 95% are settled out of court. Most of these are nuisance suits generated just to get money. I don’t want you to be the next victim? Why would you want to needlessly expose your real estate assets when you don’t need to jeopardize your financial future? Forget about time, stress and anxiety you and your family will experience just because you are named in a lawsuit. Even if you aren’t guilty of doing anything wrong it can ruin your life. When you are sued it costs you time, personal grief and attorney’s fees, and possibly thousands of dollars regardless of the outcome of the case. This doesn’t sound like a good formula for accumulating wealth to me wasting money defending you from those unscrupulous people and their contingency fee lawyers.

The good news, there is a solution that will help you better protect the real estate assets you have and the ones you acquire in the future and it won’t cost you a fortune or give you stress in your life. I’ve watched investors lose part and others all of what they had accumulated from years of hard work just because they had the appearance of having money. In my father’s day, people were proud of what they had and wanted the world to know how successful they were, but that was then and today it’s a totally different story. Today it isn’t a good idea to show any signs of affluence or someone will try to take away your wealth using the court system instead of working for what they get. Suing people has become the new way to achieve financial freedom in the shortest time and easiest way possible.

you will be involved in a nuisance lawsuit of some kind it’s a matter of when. The thing I have learned over my 33 plus year real estate investing career is to be prepared before a lawsuit happens to you. Don’t wait until later then try to protect yourself after you have been served court papers. That doesn’t work. The time to protect your real estate assets is NOW, not tomorrow when it may be too late.

The worst part of this problem is, you never know when someone is being offended by you or when they get hurt on one of your properties. It can happen at any time and you probably won’t know when it happens until a lawsuit has been filed against you.

The good part of the problem is, you can make it not only difficult to find who owns any property you can also make that process for the person suing very, very costly, forcing them to quickly to have a conversation with their checkbook and ask themselves, how mad am I? How much am I willing to spend trying to get money I don’t really deserve when the process isn’t going to be very easy. When the suing party’s attorney is finding it extremely difficult to find the name of the actual owner (the Beneficiary) of a property, the attorneys clock keeps on ticking and the person suing is being charged more and more as the hours go by with little success, in my opinion that is Real Justice.

So what’s the solution to this problem or is there a solution? It’s not a matter of if

How would you like to learn how to be completely legal at confusing almost

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Atlanta Real Estate Investors Alliance • JUNE 2013

any adversary who is suing you simply by making it difficult to easily find who the real owner of any property is? That is what this article is all about. Being perfectly legal, yet extremely expensive to pursue, is my goal. If someone wants to sue you, let them pay a hefty price! Let me show you how it doesn’t get much better than that. The real secret that will allow you to create this expensive guessing game for any tripand-fall person and their contingency fee attorney, it’s called the “Land Trust”. It’s not a good idea to own any property in your own name. Own each of your properties so your name never appears in public records where the people who sue for a living can easily find everything you own and also approximately how much equity you have in each property. Because all of your properties are not in your personal name it will be extremely difficult and costly to find out whom the

owner (the Beneficiary) really is without an expensive search and a court case. My goal is to make the task of suing you more difficult just because someone may assume you own a particular property and very, very costly and time consuming with no end in sight. If I’ve learned one thing every real estate investor needs to know it is; “Own Nothing, Control Everything” and the land trust will allow you to do just that! My best advice I can give you is own all of your properties in separate land trusts and “BE PREPARED” before a nuisance lawsuit strikes you! Join me for more about this fascinating subject on June 15 – 17, 2013 in Tampa Florida when I will be doing my next “3” day Land Trust Boot Camp. For more information call me at 727-420-4810 or email me at larryharbolt@gmail.com.

Larry Comment on this article online at http://atlantareia.com/?p=20422

Larry Harbolt 727-420-4810 LarryHarbolt@Gmail.com www.LarryHarbolt.com www.Facebook.com/Larry.Harbolt.7 www.Twitter.com/LarryHarbolt Larry Harbolt is the nation’s leading creative Seller Financing expert as well as a popular national real estate speaker and teacher whose timetested strategies and nuts and bolts teaching style has helped thousands of aspiring real estate entrepreneurs realize their financial dreams with little or no money and without the need for credit. Larry has been successful creatively buying and selling real estate for over 30 years and has written numerous popular articles and real estate courses. Larry also has been running a meetup group in St Petersburg, FL for real estate investors for over 13 years.

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When you’re ready to get started, call Christine Griffin at 678-701-7160 or email admin@atlantareia.com. © 2013 Atlanta REIA, LLC. All Rights Reserved. Quotation and reprint are not allowed without written permission of the publisher.

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Atlanta Real Estate Investors Alliance • JUNE 2013

The QuickBooks Quickie

http://FullerCenterofAtlanta.org

Error On Line XX? By Karen Bershad, The Small Business Advisor

t is the goal of this column to answer questions about QuickBooks and how it is used in the REI arena. Know how to record transactions in the proper way and have your set of books in good shape when it comes time for taxes. It is our intention to do this by you the members submitting questions to Karen@ smallbusinessadvisor.biz, and getting answers here in this column. Q: Why is it when I export one of my lists and I go to import it into another company data base it comes up with Error on line XX?

you can just leave them in the Equity account and this will become income to you at the end of the year. Q: How can I compare my business P&L of this year to last years’ P&L? A: When you run you P&L for the period you want to look at you can go up to the tab on that screen that says Modify – go to bottom of screen and choose box that is Last Period Comparison and you can also choose % if you want then you will have a side by side report for the same period last year. Comment on this article online at http://atlantareia.com/?p=20408

A: This error message and root cause will vary based on the information that is being imported. Here are a few examples:

3. Importing a transaction with an account that has not been created prior to import. Q: I have used my business checking/debit card to make a number of purchases that were for me personally and have nothing to do with my business – how can I fix this? A: You have two choices: You can reimburse the company for those expenses and put them in an account (equity) called Personal Expense and then when you make the deposit you apply that to the same account. Or

Atlanta REIA and our members, friends and followers are proud to be partners with the Fuller Center of Atlanta and assisting them in building, renovating and repairing homes for needy Atlanta families. If you are interested in to help a family in need, please contact Mark Galey at (404) 867-3258 or Mark@ MagnetConstruction.com. We also need and welcome your donations!

1. Error occurs when the account name or account number on line xx is already being used in the file and the account is of a different type. 2. Importing and Invoice or Bill with an account type other than Accounts Receivable or Accounts Payable.

The Fuller Center for Housing of Greater Atlanta is a faith-driven, Christ-centered, non-profit organization, that promotes collaborative and innovative par tnerships with individuals, organizations, corporations, and religious groups of all faiths in an unrelenting quest to provide adequate shelter for all people in need in the Greater Atlanta area.

Follow the Fuller Center of Atlanta on: Karen Bershad (770) 356-1234 Karen@SmallBusinessAdvisor.biz

www.Facebook.com/FullerCenterOfAtlanta www.Youtube.com/AtlantaFullerCenter www.Twitter.com/FullerCenterATL

www.SmallBusinessAdvisor.biz Karen Bershad is “The Small Business Advisor”. Most small business owners have a challenge handling all the different areas of running a business. The accounting can be a challenge, particularly if the software seems overwhelming. The Small Business Advisor is what you may need to get you to the next level of your business. We work at your office or provide off site assistance in getting things under control by providing a wide variety of services that are specifically for the small business.

Make a Difference.

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Atlanta Real Estate Investors Alliance • JUNE 2013

How To Be A Real Estate Investor

Join Rus s Negotia at the t i o ns 10 Worksh op on Ju 1 ne 15th

Is Atlanta’s Real Estate OK or is Atlanta Burning? By Russ Hiner

irst-quarter results of the Atlanta real estate market are in! If you’re an investor who is determined to buy real estate right now, while things are hot, then this information is definitely for you! So let’s get down to - or into - business! Make no mistake: The Atlanta real estate market isn’t just hot - it’s burning - and YOU can be successful more now than ever. As I predicted in January, the market has turned, and the news media is being positive. There are markets/price points that are hot, and the competition— your competition--is cash. Experienced investors are hungry! They can’t get enough property. I’m excited--how often do you get to sell everything you touch? But to be successful, you must be accountable. You need to have answers if you’re going to succeed: • Where are YOU as an investor right now, in this market—the one we have all been waiting for? • Are you where you want to be? • Are you asking yourself questions and, if you are new to this, are you asking the right questions? As a coach and long-time investor, I know that you need to know where you are and where you are going. An Important Coaching Question for this Market

As an experienced agent and coach, I want to share with you only a taste of the information I have after years of experience. You may not even know how important this information is! As a coach, I can show you the kind of information you’ll need.

If you can do the buy-fix-and-sell between $150,000 and $250,000 here, you will make plenty of money. The sales volume is high, and the demand is high. Another exit strategy is to structure a lease options... 80% of the sales in Cherokee County are below $250,000.

For success in this new market, you need to know each county’s microeconomics including a VERY important number: zip codes.

White Hot Areas: 30114, 30188, and 30189

How will zip codes help you? They will allow you to pinpoint where you need to be so that you aren’t wasting time. As an investor in the range of $0$125,000, you are going to be picking up properties that are either extremely distressed, in short sale, or offered as lease options. Anything else will be snapped up by the hedge funds that are paying cash. Here is what you need to know right now so that you can compete!! I have studied the current data based on the 11 counties surrounding Atlanta. The counties which have sold more properties over the past quarter are Cobb, Fulton, and Gwinnett. Shop here for wholesale deals, lease options, and distressed properties. But don’t stop there. Part of being a good investor is knowing all of your territory. I’ve researched it and am sharing it with you now.

In this market, Cash Is King. The large investors are snapping up properties because they can pay cash.

A Breakdown of the Eleven Counties

So, how do you win if cash isn’t an option for you like it is for the hedge funds?

Cherokee County has the 4th best sales volume with the highest percentage of sold property between $100,000$200,000.

Clayton County’s best bet for buying real estate is below $50,000. There are some fantastic buys for price per square foot. Your strategy in Clayton County is renting. 99% of the sales in Clayton County occur below $200,000. White Hot Area: 30238, 30274, 30273, 30296 Cobb County has the 3rd best sales volume overall. They have the 2nd highest percentage of sold property between $100,000-$150,000. Cobb County sells 66% of their homes below $250,000. It is second to Gwinnett County in the $51,000-$100,000 range. The opportunity to get rich here is by orchestrating a lease option, buy, and hold. White Hot Areas: 30101 and 30062 DeKalb County’s strongest market is $50,000-$100,000—that is, if you can still find properties below $50,000. If you find one, purchase it immediately. You can’t lose. DeKalb County sells 66% of its homes below $250,000. White Hot Areas: 30316, 30084 Douglas County sells. Its strongest market is between $50,000 and $100,000. 90% of its homes sell below $200,000. There is enough sale volume to work Douglas, but you will have to do a lot of work and burn a lot of gas.

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Atlanta Real Estate Investors Alliance • JUNE 2013

White Hot Area: 30180 Forsyth County has a solid volume over $200,000. This county is prime for the lease option, and for the buy-fix-andsell. Forsyth County sells 50% of their homes below $250,000. This will be a high cotton county in a few years. White Hot Area: 30040 Fulton County has the highest sales volume below $50,000. The strong market here is the buy-fix-and--sell above $200,000. Fulton County sells 40% of its homes below $100,000.

Other White Hot Areas: City of Decatur, City of Marietta, City of Roswell, and East Atlanta. If you’re ever going to be involved in real estate, now is the time! The Atlanta market will continue to evolve. Consider partnerships, especially if cash is difficult for you to come by. Cash is King, so it is more important than ever to have a strong business plan. Raise capital and get into the game! Comment on this article online at http://atlantareia.com/?p=20438

White Hot Area: 30310, 30315, 30349 **Gwinnett County has the highest sales volume with the highest percentage of sold property between $51,000$100,000. Gwinnett County sells 70% of its homes below $150,000. White Hot Areas: 30043 and 30024 Hall County’s strongest market ranges between $50,000-$100,000. This is great for rentals and the buy-fix-andholds. Like Douglas, there is enough sale volume, but you’ll burn a lot of gas. Henry County’s strongest market is $100,000-$150,000. This means that it is perfect for a buy-fix-and-sell, exit strategy, or a lease option exit strategy. There is enough sale volume to work Henry, but you will burn a lot of gas. Rockdale County is also in $50,000$100,000 range. It is a very strong rental market. If you can find lease options, then that’s the ticket. There is enough sale volume to work Rockdale, but you will do a lot of leg-work.

Join Russ at the Creative Deal Structuring Group on June 5th.

Solutions that help you Make More. Work Less.

Russ Hiner 404-660-4289 Russ@RHiner.com www.RHiner.com www.Facebook.com/1RHiner Russ has been investing in real estate in Atlanta Georgia since 1981. His company currently controls apartment buildings and singlefamily properties in Georgia and other states. His focus is on raising private capital through Hedge Equity, LLC. Russ invests everyday. His knowledge and experience is current in the market. He is capitalizing on the needs, wants, and desires of the customer. He has a deep level of experience in building relationships with vendors, investors, tenants, sellers, and qualified buyers. He has the knowledge to negotiate contracts, manage rental properties, and make his co-investors wealthy. He enjoys taking properties which are virtually destroyed, renovating them, and creating a better community.

Use your iPad, iPhone, or other mobile device, anywhere, to… H Find comps and rental rates H Sign and send contracts H Plan your entire rehab H and so much more!

Check it out NOW! 5 Day Trial for Only $1 Make More. Work Less. Go To:

MobileRealEstateRockstar.com/Atlanta-REIA

PERIMETER

Join us for Education & Networking at the Meeting-Before-the-Meeting each month! We meet at the Total Wine & More located at 124 Perimeter Center W in Atlanta at 3:00pm before our Atlanta REIA Main Meeting.

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Atlanta Real Estate Investors Alliance • JUNE 2013

From Contract to Closing

To Sign or Not to Sign By Michael Vazquez

ver the years, it has become easier and easier to identify a motivated seller. As an active real estate investor you will run across plenty of, what I like to call, price checker. These sellers have no motivation to sell but will sell for the right price. The problem is the right price to these price checkers rarely matches an investor’s price. But, when you do identify a motivated seller, it is up to you to find out what will make the seller commit to you. Commitment may mean a verbal commitment or a contract. I have purchased numerous properties directly from home owners and each person committed based on different motivational factors. Many times the price was agreed on but the seller still did not sign. The reasons for the sellers not signing have been all over the board. I Once, a seller did not sign because he was an older gentleman and was not comfortable signing a contract on an ipad. He wanted a physical contract to sign and a copy for himself. I told the seller I would go down the street to print one out but he assured me that the deal was mine. He said I could return the next day and he would sign. He promised he would not sell to anyone else. The next day, I returned with a physical paper contract and he signed as promised. Recently, I came to an agreement on a price with a seller but after four weeks I still did not have a contract. I met the seller three times and each time she had a reason why she did not want to sign.

At the first meeting, I agreed to the asking price but she decided not to sign. She wanted an attorney to review the contract, even after explaining I was a licensed real estate agent and she was signing a local real estate commission form. After a few days of not being able to reach her I drove by the property but she was not available. A couple of days later, she called to invite me to see the property now that it had been cleared out. Asking if she was ready to sign, she assured me she was. Once at the property, we discussed the terms of the contract once again. Again, she refused to sign explaining that she needed money to relocate her six dogs and to fix her car. I explained that earnest money will be placed with the title company but we would be willing to give her time to move once we closed. Of course, we would keep money in escrow and deduct from it daily if she is not out by the agreed upon date. She did not sign because she had to think it over. Days went by and she called me again to explain how she had contacted the title company to discuss how to sell the property that was still in her deceased grandmother’s name. We scheduled a meeting to pick up an heirship affidavit and sign the contract to get the ball rolling. Finally, I thought to myself, I am going to get a signed contract. After two hours of reviewing the same contract we had already gone over many times before she decided she was not signing. At this point, I had enough!! I told her I was no longer interested in her property and to feel free to sell it to another person. This

completely changed her attitude. She signed the contract and we are waiting for one more heirship affidavit in order to close. In the first scenario, it was clear the seller just wanted a paper copy of the contract. In the second scenario, I am still not certain why the seller was so hesitant and why she finally signed. My guess is she finally signed because she appreciated that I was going the extra mile to take the house off her hands. Maybe she was worried she would not find someone else that would put up with her like I did. She could have been concerned that if I did not buy the house she would not be able to find another buyer. Whatever the reason, the contract was finally signed and another win-win situation was created. Never give up until the property is yours or sold to someone else! Comment on this article online at http://atlantareia.com/?p=20431

Michael Vazquez 678-951-9222 MichaelP.Vazquez@Gmail.com Michael Vazquez has been offering properties to real estate investors significantly below market value since 2006 in both Texas and Georgia. Michael is always looking for more investors to work with.

Keep up to date with our latest opportunities by joining us on Twitter

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Atlanta Real Estate Investors Alliance • JUNE 2013

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Atlanta REIA Membership Application

Mail Application to Atlanta REIA, 2700 Braselton Hwy, Suite10-183, Dacula, GA 30019 or Fax to 770-216-1560

Membership Plans - Choose a Membership Plan

 Silver Membership for Individual: $100/year

 Gold Membership for Individual: $300/year

 Silver Membership for Couple: $150/year

 Gold Membership for Couple: $300/year

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Terms of Sale, Disclaimer & Release The undersigned Applicant(s), hereafter called the "Applicant" understands and acknowledges that membership in the Atlanta Real Estate Investor Alliance, hereafter called "Atlanta REIA", absolutely does NOT entitle nor make Applicant a legal member of Atlanta REIA, LLC the company. Applicant acknowledges that Atlanta REIA does not render legal, tax, economic or investment advice. All programs are provided with the understanding that Atlanta REIA is not engaged in rendering legal, tax, or other professional services. If legal, tax or other expert assistance is required, the services of a competent professional should be sought. Atlanta REIA does not investigate its members, nor vouch for, nor make representation as to the honesty, integrity, reliability, motives and/or resources of its members, officers, directors, employees, agents, and or contractors. The Applicant, in consideration for his/her acceptance as a member of Atlanta REIA, hereby releases, discharges and agrees to indemnify Atlanta REIA, its officers, directors, members, employees, agents, and/or contractors from any liabilities now accrued, or which may hereafter accrue, from their actions, inactions, or communications made by Atlanta REIA and/or officers, directors, members, employees, agents, and/or contractors in or through their respective capacities with Atlanta REIA. Applicant agrees to comply with the terms and conditions described herein, the Code of Ethics and any other terms described on our website at AtlantaREIA.com as well as any other Atlanta REIA rules and regulations. Applicant agrees and acknowledges that Atlanta REIA may enforce these codes, terms, rules and regulations at its sole and absolute discretion and may terminate this membership at any time for any reason whatsoever. Applicant grants to Atlanta REIA, its representatives and employees the right to take photographs, video or audio of Applicant and Applicant's property. Applicant authorizes Atlanta REIA, its assigns and transferees to copyright, use and publish the same in print and/or electronically. Applicant agrees that Atlanta REIA may use such photographs, video and audio of Applicant with or without Applicant's name and for any lawful purpose, including, but not limited to, publicity, illustration, advertising and web content. Applicant grants permission to Atlanta REIA to contact Applicant regarding membership and related business by phone, fax, email, text message, chat programs, social networking, automated voice broadcast dialers or any other means necessary. By completing this application, Applicant agrees to give Atlanta REIA permission to bill the credit card above for the membership plan selected above. Applicant acknowledges and agrees that the term of membership is one (1) year and that billing for membership will be automatically renewed for one (1) year upon expiration at the then current membership rate and that the appropriate charges be applied to Applicant's credit card on file. Should Applicant decide to cancel membership, a written notice of cancellation must be emailed, faxed or sent via postal email to Atlanta REIA at the address, email or fax below thirty (30) days prior to the next billing or renewal period. Atlanta REIA must acknowledge receipt of this written cancellation notice for it to be valid. Membership dues are NON-REFUNDABLE for any reason whatsoever. Applicant promises NOT to initiate any refunds or credit card charge backs for these membership dues and related charges at any time. Applicant agrees that Atlanta REIA may change the terms of this Agreement or its membership dues at any time by posting such changes to our website at AtlantaREIA.com. By continuing membership, Applicant agrees to be bound by such changes. Applicant will send all written notifications to: Atlanta REIA, 2700 Braselton Hwy, Suite10-183, Dacula, GA 30019. Fax: 770-216-1560 Email: notices@atlantareia.com With my signature, I accept the "Terms of Sale, Disclaimer & Release" and I authorize Atlanta REIA, LLC to charge my credit card for the membership plan above as well as total recurring amount shown. I further acknowledge that these membership dues are non-refundable.

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Atlanta Real Estate Investors Alliance • JUNE 2013

Atlanta REIA Meetings Calendar http://AtlantaREIA.com/Meetings

PLEASE NOTE: This schedule is subject to change. Visit http://AtlantaREIA.com/Calendar for the most current schedule.

June 3rd, 2013 Atlanta REIA Main Meeting 5:00 PM – 9:00 PM

Crowne Plaza Ravinia Hotel • 4355 Ashford Dunwoody, Atlanta, GA Leader: Dustin Griffin • http://main.atlantareia.com 1st Monday of Each Month Late Nite Networking Dunwoody 9:30 PM – Late Nite Tilted Kilt, 1155-B Mount Vernon Hwy, Atlanta, GA Leader: Lee Budden http://main.atlantareia.com 1st Monday (Once Per Quarter) Mobile Real Estate Rockstars Group 3:00 PM – 5:30 PM Total Wine & More 124 Perimeter Center W, Atlanta, GA Leader: Don DeRosa http://rockstars.atlantareia.com 1st Monday (Once Per Quarter) Short Sale & Foreclosure Group 3:00 PM – 5:30 PM Total Wine & More 124 Perimeter Center W, Atlanta, GA Leader: Bob Massey http://ssf.atlantareia.com 1st Monday (Once Per Quarter) Active Investors Group 3:00 PM – 5:30 PM Total Wine & More 124 Perimeter Center W, Atlanta, GA Leader: Gordon Catts 1st Tuesday of Each Month Mountain REIA 6:30 PM – 9:00 PM Golden Corral 2025 Market Place Blvd, Cumming, GA Leader: Gordon Catts http://mountainreia.com 1st Wednesday of Each Month Creative Deal Structuring Group (CDS) 7:00 PM – 9:00 PM Whitehall Tavern 2391 Peachtree Rd NE, Atlanta, GA Leader: Russ Hiner http://cds.atlantareia.com 1st Thursday Charlotte REIA 6:30 PM - 9:30 PM Charlotte REIA Education Center 8520 Cliff Cameron Drive, Charlotte, NC 28269 Leader: Dustin Griffin & Linda Dana http://charlottereia.com

Every Thursday (Except Major Holidays) Have & Wants Meeting 1:30 PM - 3:30 PM 5 Seasons Brewing 5600 Roswell Rd, Sandy Springs, GA Leader: Joe Thompson http://havesandwants.atlantareia.com 2nd Wednesday of Each Month I Love Marketing Group 7:00 PM – 9:00 PM Social Vinings, 3621 Vinings Slope SE, Atlanta, GA Leader: Rock Shukoor http://ilm.atlantareia.com 2nd Thursday of Each Month Atlanta REIA South Meeting 6:30 PM – 8:30 PM Giovanna’s Italian Kitchen 1375 Virginia Ave, East Point, GA Leader: Reggie Jackson & Gordon Catts http://south.atlantareia.com 2nd Thursday of Each Month North Georgia REIA 7:00pm - 9:00pm Hilton Garden Inn Cartersville, 24 Liberty Drive, Cartersville, GA Leaders: Bill & Kim Cook http://reioutpost.com/ 2nd Thursday (Once Per Quarter) Small Business Group (SBG) 3:30 PM – 5:30 PM 5 Seasons Brewing 5600 Roswell Rd, Sandy Springs, GA Leader: Karen Bershad http://sbg.atlantareia.com 3rd Monday of Each Month Movers & Shakers Lunch Meeting 11:00 AM – 1:30 PM 5 Seasons Brewing 3655 Old Milton Parkway Alpharetta, GA Leader: Gordon Catts http://moversandshakers.atlantareia.com 3rd Monday (Once Per Quarter) Beginning Investors Group Meeting (BIG) 6:30 PM - 9:00 PM Hudson Grille 6317 Roswell Rd NE, Sandy Springs, GA Leaders: Alan McDonald & Dustin Griffin http://big.atlantareia.com

3rd Tuesday of Each Month Onsite Renovation Group Noon - 2:00 PM Location Changes Each Month Leader: Aaron McGinnis http://onsite.atlantareia.com 3rd Wednesday of Each Month Atlanta REIA North Meeting 6:30 PM – 8:30 PM 1960 Skylar Hill Dr, Suite D, Buford, GA Leader: Dustin Griffin & Gordon Catts http://north.atlantareia.com 3rd Wednesday of Each Month Late Nite Networking Buford 9:00 PM – Late Nite Tilted Kilt 3480 Financial Center Pkwy, #M1080, Buford, GA Leader: Dustin Griffin & Gordon Catts http://north.atlantareia.com 3rd Thursday of Each Month Savannah REIA 6:30 PM – 9:00 PM Location: See SavannahREIA.com for details Leader: Aislee Jackson http://savannahreia.com 4th Monday of Each Month Atlanta REIA West Meeting 6:30 PM – 9:00 PM Cherokee Cattle Company 2710 Canton Rd, Marietta, GA Leader: Leslie Mathis http://west.atlantareia.com 4th Monday of Each Month Late Nite Networking Marietta 9:00 PM – Close Cherokee Cattle Company 2710 Canton Rd, Marietta, GA Leader: Leslie Mathis http://west.atlantareia.com 4th Tuesday of Each Month Note Buyer Group Meeting 6:30 PM – 8:30 PM Olive Garden 2467 Cobb Parkway SE, Smyrna, GA Leader: Tom Boyer http://nbg.atlantareia.com 4th Thursday of Each Month Cash Cows Commercial Group 11:30 AM – 1:00 PM 5 Seasons Brewing, 5600 Roswell Rd, Sandy Springs, GA Leader: Steve Brown http://cashcows.atlantareia.com New Group Coming Soon! Forensic Real Estate Group Date & Time To Be Announced Leader: Maggie Groholski http://fre.atlantareia.com

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PLEASE NOTE: This schedule is subject to change. Visit http://AtlantaREIA.com/Calendar for the most current schedule.

ATLANTA REIA CALENDAR OF EVENTS JUNE 2013 SUNDAY 2

MONDAY 3 Atlanta REIA MAIN MEETING

Panel Discussion

5:00pm – 9:00pm

TUESDAY 4

Mountain REIA Cumming, GA 6:30pm – 9:00pm

WEDNESDAY 5

Real Estate Acquisition Techniques with Peter Fortunato

Haves & Wants Meeting Sandy Springs, GA

Onsite Renovation Group Location TBD Noon - 2:00pm

Atlanta REIA North Meeting Buford, GA 6:30pm-8:30pm Late Nite Networking Buford Buford, GA 9:00pm - Late

Savannah REIA Savannah, GA 6:30pm - 9:00pm Haves & Wants Meeting Sandy Springs, GA 1:30pm - 3:30pm

Atlanta REIA West Meeting Marietta, GA 6:30pm – 9:00pm Late Nite Networking Marietta Marietta, GA

Note Buyer Group Meeting Smyrna, GA 6:30pm – 8:30pm

Beginning Investors Group Outdoor Cookout with Bill Cook & Dorsie Boddiford Sandy Springs, GA 6:00pm - 9pm

27 Cash Cows Commercial Group Sandy Springs, GA 11:30am - 1:00pm Haves & Wants Meeting Sandy Springs, GA 1:30pm - 3:30pm

Movers & Shakers Alpharetta, GA 11:00am - 1:30pm Beginning Investors Group (BIG) Sandy Springs, GA 6:30pm - 9:00pm Land Trust Boot Camp with Larry Harbolt

JULY Atlanta REIA MAIN MEETING

5:00pm – 9:00pm

Mountain REIA Cumming, GA 6:30pm – 9:00pm

Meeting Before the Meeting 3:00-5:00pm Late Nite Networking 9:30pm-LATE

NEWSLETTER design provided by

FRIDAY

SATURDAY

1:30pm - 3:30pm Charlotte REIA Charlotte, NC 6:30pm - 9:00pm

I Love Marketing Group Haves & Wants Meeting Sandy Springs, GA Sandy Springs, GA 7:00pm – 9:00pm 1:30pm - 3:30pm Atlanta REIA South Meeting East Point, GA 6:30pm – 8:30pm North Georgia REIA Cartersville, GA 7:00pm - 9:00pm

9:00 PM – Close

Creative Deal Structuring Group Atlanta, GA 7:00pm – 9:00pm

Active Investors Group 3:00-5:00pm Late Nite Networking 9:30pm-LATE

THURSDAY

HAPPY 4TH OF JULY

Negotiations 101 Workshop with Russ Hiner Buford, GA 9:00am - 5:00pm

Real Estate Acquisition Techniques with Peter Fortunato Tampa, FL 9:00am – 5:00pm Land Trust Boot Camp with Larry Harbolt Tampa, FL 9:00am - 5:00pm

Selling Houses Fast Boot Camp Sandy Springs, GA 8:00am - 5:00pm