Archives for March 2019

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Decade after decade, it seems like real estate keeps coming through. While any asset class can have a down year – or even several down years in a row, as the real estate investment community saw 10 years ago – real estate remains a proven long term wealth generator year after year, decade after decade, and generation after generation.
That’s what makes real estate an ideal investment for your retirement portfolio – and even in a special kind of IRA, called a self-directed IRA.

Self-directed IRAs allow individuals to use their IRA funds to purchase rental property, rehabs/flips, private mortgages, tax liens, and much, much more. By using a self-direct IRA, an investor can utilize this “new” bucket of cash to acquire assets that they can better control and thus drive better returns to their IRA. Best of all, the gains from these investments go back to the IRA without any tax implications.

Some people still believe the myth that IRAs don’t allow you to own real estate. This is because Wall Street companies that only sell stocks, bonds, funds, annuities and other kinds of paper assets. They aren’t compensated to sell real estate, and so they don’t pitch it, other than to sell real estate investment trusts, or REITs, which are still securities, rather than direct real estate assets themselves.

But it is very easy for you to own real estate assets of all kinds within a self-directed IRA – even direct ownership of rental properties.

On Thursday, April 4th, 2019 at 6:30 PM at Hilton Garden Inn, 2343 Shallowford Village Dr, Chattanooga, TN, we will have as our very special guest, Jim Hitt of American IRA. Jim Hitt maximizes profits by blending his two passions, self-directed IRA investing and real estate investing, to create great tax advantaged wealth. Jim is the CEO and Founder of American IRA, a national Self-Directed IRA services provider.

Here is a small sampling of what you will learn at our event:

• How to legally borrow money from your retirement account
• How to make a Roth IRA contribution of 18K or more
• What is a back door Roth IRA?
• How to use your retirement account to create current income legally
• How to use Self-Directed IRAs for real estate and private lending
• How to build a small Roth IRA into a financial powerhouse for retirement
• Using OPIRA’s to build your real estate business, PLUS,
• BONUS Case study about using creative real estate techniques to buy income property for no or low down payment using single-family homes

Jim founded American IRA in 2004 and New Vision Trust Company in 2017. Jim has also been a licensed real estate broker in the state of California for over 40 years and an active real estate investor who has participated in over 6,000 real estate transactions with a current portfolio of over 50 rental properties. Jim has participated in the acquisition and development of single family homes, multifamily homes, commercial buildings, private offerings, mortgage lending, businesses, joint ventures, partnerships, limited liability companies and more. Throughout Jim’s investing career, he has employed various creative financing strategies including private lending, owner financing, hard money lending, and more. Jim has also taught investing techniques in North and South Carolina at UNC Asheville, AB Tech, and Lorman Educational Services.

In addition to this presentation, there are numorous opportunities to network with other investors as well as businesses that are geared toward real estate investors.

RSVP NOW and join us at the Chattanooga REIA Main Monthly Event from 6:30PM to 9:30PM on Thursday, April 4th at Hilton Garden Inn, Hamilton Place, 2343 Shallowford Village Pkwy, Chattanooga, TN.

Alan McDonald, will be starting the event off telling you about upcoming events with Chattanooga REIA, Membership benefits, AND an opportunity for anyone in the room to tell attendees about their properties, or let attendees know who they are and what they are looking for. Bring your flyers, and business cards for our flyer table. If you are a business looking to expand your market, you are encouraged to take a presentation table while available. There will also be plenty of opportunities to network BEFORE and AFTER the main presentation.

PLEASE NOTE: If you would like to become a member of Chattanooga REIA, it is as low as $99 per year. This allows you to attend this event and ALL Chattanooga REIA events at No Charge. Come to our Main event for an application or you can go to http://chattanoogareia.com and save on event fees.

*Please Note: Main Meeting agenda is subject to change.

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Please join us on Wednesday, March 27, 2019 at NOON for the Chattanooga REIA Onsite Renovation Group (ORG) to learn all about finding, funding, fixing and flipping houses for big profits right here in the metro Chattanooga area.

This month's rehab project at 8338 Hamilton Oaks Dr, Chattanooga, TN is a 2 story single family home with 3 bedrooms, 3 baths, (2 Full, 1 Half) 1,482 sq ft home built in 1991. It is in the East Brainerd area, off Graysville Rd at the end of a cul-de-sac.

Take a look around and please ask Mike a lot of questions. Learn about estimating repairs and get the know how to do repairs.

RSVP NOW with Facebook or Meetup, then join us on Wednesday, March 27th at 12 noon.

The Chattanooga REIA Onsite Renovation Group is an educational and networking group that focuses on the acquisition, renovation and retail resale (fix and flip) of single family residential homes. The purpose of the group is to allow both new and experienced rehabbers and investors to meet, network and share knowledge and experience with “hands on” access to real property.

The Onsite Renovation Group meets on the 4th Wednesday each month at NOON ET at an active renovation site, build site or rental property which will vary from month to month. At this time, there is no charge to attend.

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If you're going to purchase real estate to fix and flip or to buy, fix and hold, you'll need money. Lots of it! Whether you purchase from wholesalers or homeowners, or through agents or at auctions, you'll need funding sooner or later. With all the different types of financing available for investors in today’s market, which will you choose? Private money? Hard money? Soft money? Bank loans? Credit Lines? Credit cards?

One of the most common ways real estate investors finance deals is using "Hard Money". This month at the Beginning Investors Group Online Webinar on Tuesday, March 26th at 7PM ET, Greg Emmer, of EquityMax, will be our special guest speaker who will be discussing the use of hard money and answering your hard money related questions.

Greg will explain how hard money can help facilitate your next transaction.

• Learn the terminology of a hard money loan and what to expect from the lender

• Anticipate the questions that the lender will ask you, the borrower

• Know the right questions to ask your hard money lender

• How you can use hard money for both fix-and-flip or buy-and-hold deals

• 5 things the lender won’t tell you

• Answers to your hard money questions and more!

EquityMax is a family owned-and-operated business has been in operation for nearly 30 years and is a leading provider of hard money financing throughout the Southeast United States.

By the end of Greg's presentation and Q&A session, you’ll know a lot more about Hard Money and if it's what you need to use to fund your next deal… so RSVP NOW & DON'T MISS OUT!”

TO ATTEND ONLINE: To attend the Beginning Investors Group Online via your PC, smart phone or tablet, Register for the Online Meeting on Zoom.us and you will be emailed a Webinar Confirmation Email with instructions on how to attend the event.

Once you get your Webinar Confirmation Email, you can click the "Please click this URL" link in the email about 5-10 minutes prior to the 7PM start time to reserve a spot using your PC, Mac, Tablet or Smart Phone.

The web browser client will download automatically when you start or join your first Zoom meeting, and is also available for Download Zoom for Your Computer.

You can also download the Zoom.us App here on for your mobile device.

 

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This month at BIG, we will be discussing How To Create Written Offers. This is the lifeblood of Real Estate Investing. If you plan on buying or acquiring houses, then this is a must-have skill. We will go into an in-depth analysis of how and why to create a written offer as well as giving you a method of tracking your offers.

One important thing to remember is that an offer is different from a purchase contract. A purchase contract is often a formal document written in legalese that no one – especially the buyer and seller – understands. On the other hand, an offer can be written in plain English on a Post-it note that makes sense to everyone!

In order to succeed as a real estate investor, you MUST be making written offers. If you write about 100 offers, you will most likely get a deal or 2, out of that batch. You will NOT get a deal if you are NOT making offers.

We will discuss what goes into a written offer AND how to use the T-Bar. Don't miss this event!

RSVP NOW on Facebook or on Meetup and join us on Thursday, March 21st at 5:30PM at Wally's Restaurant located at 6521 Ringgold Rd in East Ridge, TN. Network with other investors and build friendships and relationships for each others success. Be sure to have a delicious supper from the menu or from the buffet at Wally's Restaurant. DO NOT MISS this event!! RSVP TODAY, and We will see YOU at BIG Chattanooga!

Have you been a “real estate investor” for several months or even years without doing your first deal? What is holding you back? Fear? Lack of money? Credit Problems? Lack of Focus? Are you afraid you will screw it all up?

Why make such a big deal about your first deal? Well, it’s the hardest deal you will do, but once you get through it, your belief in yourself and real estate investing will rise dramatically. You will be on your way to becoming a true real estate problem solver.

BIG will have experienced local and regional investors speaking and leading interactive exercises on relevant topics on a beginners level. So please join us on the 3rd Thursday of every month. Arrive around 5:30PM so you can get some delicious food at Wally's in East Ridge.

The Chattanooga REIA Beginning Investors Group (BIG) hosted by Alan McDonald, is an educational and networking special interest group for new investors who are just getting started in real estate investing as well as “new again” real estate investors who’ve taken a few years off and are looking to get back in the game. BIG is hosted by Alan McDonald, who will be bringing in local and regional real estate experts to teach new investors how to survive and thrive in our ever changing economy and real estate market. The entire purpose of this group is to inspire and eduacate new investors to get their first deal and help new again investors get their next deal!

The Beginning Investors Group meets on the 3rd Thursdays of each month from 5:30 PM to 8:15 PM at Wally's Restaurant located at 6521 Ringgold Rd, East Ridge, TN just off of I-75 at Exit 1. BIG is FREE for Chattanooga REIA Members. Guests and Not-Yet-Members will eventually pay a fee, but for now, there is no charge for anyone that attends. This is a “dinner” group and we kindly request that you buy dinner and/or drinks since Wally's allows us to meet there. There will be lots of learning and lots of networking. Bring your deals and your haves, wants and needs to the meeting for discussion.

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Giving us a sneak peek at what will be presented at our upcoming Chattanooga REIA event is the one and only Bill Cook. You will have the chance to ask Bill some questions through the comments on our page, and we will also have the enlightening, "Lightning Round" of questions for Bill. You are certain to get some new insights, but only if you are on our Chattanooga REIA Facebook PAGE tonight at 7PM.

Be sure to be on the broadcast, be liberal with the likes, comments and share to your fellow investors.

These Facebook LIVE interviews are planned to become a regular occurrence, Mondays before the main event. There are a lot of new items coming for Chattanooga REIA, so you certainly want to be at our event of Thursday Mar. 7th.

RSVP NOW! on Facebook

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RSVP on Facebook or RSVP on Meetup

We’re continually told the importance of working outside the box. For real estate investors, this advice can’t be more wrong! At this special REIA event, the first thing you’ll learn is why this advice is so wrong – even dangerous! To be a successful real estate investor, consider this: The job of a real estate investor is not to buy, sell or rent houses. Our job is to solve people’s real estate problems.

Do you want to achieve your investing goals? Then don’t go out looking for “deals”. Instead, go out looking for problems to solve and people to help. In other words, look for peoples’ uncomfortable circumstances. This one shift in your thinking can completely alter your life’s financial outcome.

Think of it this way: When you go out, are you looking to do FOR people or TO people? You already know that “FOR” attracts and “TO” repels. Each day, are you attracting or repelling business?

To make all deals possible, you only need to do five things:

• Get face-to-face with sellers
• Be curious
• Draw up a T-bar
• Understand a teeter-totter offer
• Put your offer in writing

At this REIA event, as we talk about creative deal structuring, you’ll walk away with a clearer understanding of these five most-important things.

You’ll also see examples of a number of our creatively constructed and funded real-world deals. In addition, we‘ll answer these four deal-making questions:

• How was it found?
• How was it structured?
• How was it funded?
• And once bought, what did we do with it?

Finally, here are a number of questions we promise to answer:

• What’s the fastest, cheapest, most effective way to get face-to-face with homeowners and sellers?
• What is the best way to learn how to creatively construct and fund a deal?
• What type of deal is the safest to do, and still offers the highest yields?
• What is the best way to get owner financing or find private money lenders?
• When a seller calls, what two questions should you ask?
• What’s the best way to determine a property’s value?
• What’s the most you should pay for a property? (This answer will floor you!)
• When an investor is sinking, what two questions do I ask to determine the cause?
• Is it possible to make ten written offers each day?
• What needs to be your daily goal?
• What does it really take to succeed at real estate investing?

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• Join Chattanooga REIA for Only $100/yr