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Smart home technology is not a passing trend. As we rely more on mobile devices, different industries are creating ways to communicate with them. Imagine a home experience where the only remote you need is your smart phone. Turn lights on and off, monitor home security cameras, close or open window shades, or know what’s in the fridge, all from your phone.
Logistically this next step makes sense. The homeowner is the user in this case, and the user experience should be seamless and easy to use. Integrating existing tech, smart home components give the user faster access. In some cases, smart home technology eliminates the anxiety around leaving for long periods of time. A property may be unoccupied, but it takes no time out of your own schedule to create the illusion of a presence at that location.
Come see Don on August 19th at 1960 Skylar Hill Dr Suite D, Buford, GA and Don will share with you these techniques and more! Few companies offer a complete smart home system. There has been more user familiarity around individual components like Alexa by Amazon and the Ring System for home security. Don will teach you what the pros and cons are and what the estimated cost of it all can be.
Come To This Workshop and You Will Learn:
Don will go through comprehensive reviews, examining the pros and cons, of the following Smart Home applications::
It’s the small things in an average day made easier. These minor changes can improve your chances of selling faster. The best part is that many of these smart home options don’t need to be hard wired.
Don will give you practical tips with real life examples. Prepare to be fascinated and blown away by what today’s technology offers, and what tomorrow can bring! REGISTER NOW!!
PLEASE NOTE: Location and schedule subject to change. Pricing is per person. No refunds 5 days prior to event. Register before early registration expires to save big time!Read More >>
Everybody has driven by a house that has been on the market for what may seem like years. You know the house: there might be a broken window here or there, the grass hasn’t seen a lawnmower for the last few summers, and the property overall has the look of negligence.
It might seem ironic, but this is the dog with fleas property that Filthy Riches has based its success upon. We all know in today’s market, these unwanted houses are practically a dime a dozen. These properties are everywhere. They are located in nearly every state and likely even within easy driving distance for you. This is the type property that everyone else avoids – including real estate agents, if they can help it.
After all, who wants to be saddled with an ugly, dilapidated structure like this? There is little to no chance to move it off the market. Or the selling price is so low, the realtor’s commission is practically nonexistent. What realtor wants to put the time and effort into the small commission from selling a $25,000 home when the same energy could be spent selling a home with a selling price six times higher? Read More >>
I am sure you've heard the phrase “fake it till you make it” but I have never believed in this. I have found more success in being the real you. Even if it means that you don't know what you're doing in something you're looking to pursue. This belief continues to work to this day. As I mentioned before, I am in the process of immersing myself in commercial real estate (CRE) as a broker and investor.
I spent many hours learning from Google, YouTube and a few podcasts. I invested the time in learning more to insure this was something I am interested in doing. Just because a person likes residential real estate does not mean they will like commercial and vis-versa. Once I was certain I wanted to do CRE I started to reach out to practitioners and investors. Obviously, I picked the brains of those in my immediate network during social gatherings but I did not have serious conversations with them until I was committed. I make it a point not to waste people's time or my own because I learned, a long time ago, that time is too valuable. Read More >>
Sitting at the kitchen table there were three people, two sellers and the buyer. I wanted to buy their house but did not have the $40,000 cash to do it… now. The presentation from my side went just like I had planned. From the Seller’s prospective it was too good to be true. They were unfamiliar with investing in residential real estate. They did have other investments like a 401 K. They let other people handle their investment accounts. They haven’t touched it or changed their investment direction in 20 years and they had lost money during the recession. When the 401K and investment statements came in the mail they never opened the envelopes to see what they had. What they had was HOPE! They had a mortgage and had owned two houses prior with a mortgage. They had never heard of private real estate investing and getting an interest rate as high as I was proposing.
What I wanted to do was to buy the house. The house had a first mortgage of $120,000 and equity of $40,000 for a total financing of $160,000. I wanted to keep the first mortgage in place, have a $40,000 second and pay an interest rate of 8%. My exit strategy was to buy, fix and sell the property, just like they do on TV. It would be for one year, then I would sell the house and the mortgage would be paid off. This method of financing was going to save me $16,600 in interest fees and costs. I could pay a higher price for the house with the owner financing. It would be a lower price if I paid all cash. Read More >>
A Real Estate IRA is a great opportunity. It’s freeing. It’s invigorating. It’s a thrilling way to potentially build up a major retirement nest egg so you can build wealth over the long term and enjoy the peace that comes with financial security. But that doesn’t mean it’s fool-proof, either. If you want to make the most out of a Self-Directed IRA in which you invest in real estate, you have to avoid some critical errors along the way. Here are four you need to be aware of:
Mistake #1: Not Hiring a Property Manager
Hiring a property manager is critical when you have a Real Estate IRA. Not only will it help take care of any problems with repairs, tenants, and other issues like that, but it will keep you from participating in a prohibited transaction since you are not allowed to provide services to your Real Estate IRA. Read More >>
If you plan to have multiple employees using QuickBooks, you can limit their access to specific areas.
Controlling access to your QuickBooks company file is easy when you’re a one-person accounting department. You simply use one password to protect your data.
But when you add new employees to the mix, do you want them to have access to absolutely everything in QuickBooks? Probably not. You have confidence in your employees or you wouldn’t have hired them. But this isn’t solely a matter of trust. It’s just good business practice to restrict individuals to specific areas and responsibilities, no matter what the application.
That’s why QuickBooks has built-in tools to help you limit activity. Here’s how it works. Read More >>
“What do YOU do for a living?”
Those words can strike fear and paralysis in the hearts & minds of the tragically unprepared. If you’re newly in business for yourself, or have just never really gotten your head properly wrapped around HOW you should respond to this powerful question, you’re sunk. Handle it the right way, and you’ll be rewarded with confidence, respect, and a fatter bank account.
And that’s exactly what we’re going to cover in this article. So shut off your Facebook & keep reading…
It never fails. You’re out at a social event, taking a flight somewhere, or maybe you just strike up a casual conversation with someone somewhere sometime. If you’re both adults over the age of 25 or so, the question eventually comes up, “What do you do?” Read More >>
When I am purchasing a property either for myself or with my student/partner, we determine which exit strategy is the best for both parties. Knowing whether you want to wholesale a property for a small profit or rehab/retail it for a big profit is important. Many investors start off with wholesaling the properties because they either don’t have a money lender or partner to help them rehab/retail the house and sell it for a bigger profit. If this is you, then I believe you really should find a partner or money lender so you have more than one exit strategy.
When you purchase a short sale, some of the lenders will put a hold time for the new buyer requiring them to hold the property for 30, 60 or 90 days before they can resell the property for a profit. In addition, they may tell you that you can only make a certain amount of money on the property if you sell it earlier than 90 days. Holding doesn’t bother my student/partners or myself because we normally choose to rehab the property and retail it for a higher profit. Read More >>
“I am thankful to all the souls, I meet in the journey of life.” ~ Lailah Gifty Akita
Touchnote App is a familiar app to many. It’s commonly used to create eCards for birthdays and holidays, as well as printing applications like greeting cards and framed photos. I have found a way to use this for my own needs that are unique to my business.
Using this app has freed up some of my time. How to gently and politely notify a homeowner that I have an interest in their home without knocking on the door and intruding on their routine. I’ve utilized the Touchnote App to reach out to these potential clients. I usually drive looking for vacant homes in particular. I just take a photo of the house and look up the homeowner’s address in the public tax records. I write a simple message explaining that I’m interested in buying the property. It’s so fast and takes the time and thought out of trying to reach out to these homeowners by phone or physically printing and paying postage on a postcard. The cost is $1.99, which is very reasonable. You can also reduce this price even more by buying in bulk, making the cost $1.50. Read More >>
In this article, I want to discuss a simple way to develop peace within, while in the midst of the chaos that many of us live.
We spend our lives thinking that there is some end goal, some place where we can be that will finally bring total happiness. Then to get there we set crazy goals that consume most if not all our time.
You know the saying, “live like no one else today, so you can live like no one else tomorrow” a popular Dave Ramsey quote that is interesting to ponder. There is nothing wrong with dreams, setting goals, and hard work but the illusion that there is some destination, or some sanctuary that will save you is what I’m addressing here. Read More >>
Implementing the right list and using the right letter when creating your direct mail campaigns to locate motivated sellers is crucial to your success as a Real Estate Investor. There are lots of different ways to find these lists and lots of different types of lists to choose from.
The easiest way I suggest to locate a list to use for mailings is to simply go to your property appraiser’s office or auditor’s office and have them create it for you. There are many different parameters you can use to create these lists.
Some of the lists you could create might be directed at out of town owners, deed transfers, zip codes ranges, sale dates, estates, evictions, delinquent taxes or pre-foreclosures. These can all be good lead sources for you to use to find motivated sellers and these are lists that I use in my business on a daily basis in addition to several others. Read More >>
Making money investing in real estate begins with determining the actual value of the property. This is the most important out of the many factors in real estate. The price of the property is determined with real estate comparables or comps. Being that this is the maximum amount a seller could expect to receive for a given property, it becomes the starting point for negotiations. This is where you, as a real estate investor, make your profit when you buy the property. Mess up here and it could become difficult to make money on the deal or at the very least the ideal profit you had hoped for.
When researching a property, you begin by comparing your target property with those in the surrounding area. Be sure you know the details of your property. The square footage, beds/baths, year built and location of your property are important criteria for determining how closely these other properties match or compare to your subject property. Read More >>
Wholesaling is probably one of the easiest, yet most deceiving aspects of Real Estate out there. There is no shortage of people sharing how to be a wholesaler from online courses to packages to free videos. When looking at all the information available on the subject, how does one know which information is correct (including this article)?
As someone who has run a wholesale group in our market now for over four years, I am going to share with you the qualities required to be in my opinion a successful wholesaler. Our team has the privilege of being well connected and knowing most of them in our market. Having wholesaled tons of properties and observed others doing the same, here are the qualities you will want to have to be a successful wholesaler. Read More >>
Over the years I have heard every excuse you can think of why real estate investors today aren’t busy buying houses. One thing I know for sure is that the biggest reasons why most real estate investors are struggling to buy real estate are:
Let’s talk about “Fear” first. Fear is probably the biggest reason many inexperienced real estate investors don’t have more success doing deals and why many walk away and give up and look for other ways to make money. I know for myself, when I started learning to buy real estate, I had no money and poor credit, plus I had no training. This caused me to be afraid to make any kind of offer to buy real estate. Read More >>
Had a good conversation with an investor friend about the financial collapse of Greece. The country is so broke that not only can it not repay its loans, it can’t make its note payments either. What’s Greece’s solution to this financial meltdown? They want to borrow even MORE money!
It’s crazy for anyone – including a country – to believe that the way to get yourself out of a financial hole is to dig it even deeper! Yet that’s exactly what Greece – and way too many American families…and America herself – is doing.
Jack Miller, my long-time teacher until he joined the other angels in heaven, taught us how to avoid the certainty of poverty. He also shared what he had learned from Warren Hardin: It’s inconvenient to be physically alive but financially dead! Read More >>
Register Today for the Two-Day Cash In A Flash Foreclosure Summit on Saturday & Sunday, August 26th & 27th in Atlanta being taught by Bill and Dwan Twyford – the Nation’s leading foreclosure experts. In fact, Bill and Dwan are considered the Nation’s #1 experts in Short Sales, Foreclosures, Flipping, and Negotiating!
They have personally bought and sold over 2,000 properties, bought millions of dollars in commercial property, coached 1,000’s of students through successful real estate deals, and have been making millionaires all over North America for almost twenty years.
If you don't know them, that's okay - You will get to know them very soon. They come from a place of ethics, hold themselves to the highest standards, and they make millionaires! They are the real deal!
They have written FOUR BEST SELLERS! Most recently, Bill co-wrote a book with Dan Kennedy and Dwan co-wrote a book with Steve Forbes. Why did these two mega-stars choose Bill and Dwan to co-write a book with – BECAUSE THEY ARE THE BEST IN THEIR FIELD!
At the Cash In A Flash Foreclosure Summit they will show you how to run an ethical, fair, and PROFITABLE real estate investing business that WILL make you a multimillionaire, too!
Here is a small sample of some of the topics that will be taught at this two-day Summit:
As you can see this will be a knowledge packed 2 full days of excitement and education. We look forward to seeing you at this great event on Saturday and Sunday, August 26th & 27th!
*PLEASE NOTE: Tuition price will increase and will be per person after Early Registration Expires. Register now and save. Non-Members who join Chattanooga REIA between July 10th – July 31st, 2017 can attend the workshop for NO CHARGE. Also, Chattanooga REIA Members who renew their membership for an additional year between July 10th – July 31st, 2017 can attend the workshop for NO CHARGE as well. When joining Chattanooga REIA or renewing your membership, you must let us know that you want to attend the workshop at no charge. You can join Chattanooga REIA at chattanoogareiareia.com/membership/.
Chattanooga REIA's newest group The Haves, Wants & Exchangers Group (HWE) (Howie) is group of Real estate investors and exchangers who meet with the sole purpose of finding inventory and creating transactions that benefit everyone involved. In this type of setting, even the beginner can find a deal and make a creative transaction. It’s educational, informative, and a great experience for all investors. Everyone, no matter their skill level or situation, has the opportunity to be the catalyst in a transaction in this type of meeting. HWE meets every 2nd Thursday at 11:30AM ET for lunch and on the 4th Thursdays for dinner at Wally's Restaurant in East Ridge.
HWE is led by Shane Wilson, local real estate investor and Re/Max real estate agent. If you Have something you do not want any longer, Want something you do not have yet to help you in your real estate investing, or want to Exchange something you have to what you want, this is the group to tell others about it!
Here is our schedule which is subject to change from time to time, especially around the holidays. Be sure to check our calendar for the most update dates and times.
If you are a new or experienced investor looking looking to buy or sell houses, notes, vehicles, borrow or loan money for a deal, antiques, whatever of value, this group is for YOU! Be sure to bring your deals, property flyers, business cards, contracts and Let's Make a Deal or Trade!Read More >>
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? If so, there is a new investor group for you… “BIG”, the Beginning Investor Group! This group focuses on the defeat of fears, or act in spite of them to do that very important first deal. We want to help you break through those mental barriers. Inspire you to act. Crystallize your focus.
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 investor.
BIG will meet once a month, the third Wednesday of each month and our first meeting is on Wednesday, June 21st at 6:00 PM at Wally's Restaurant, 6521 Ringgold Rd in East Ridge. We will have experienced local and regional investors speaking on relevant topics to help unlock that mental block. We will also have mentors that can take you by the hand and can walk you through that first deal.
Our debut topic is "Your First 90 Days in Real Estate Investing” with Don DeRosa as our special guest speaker. If you are new to the game, or have been spinning your wheels for a while, Come join us! There will be plenty of "A-HA!!" moments, and perhaps you may walk away with the final piece of inspiration you may have needed and do that deal! If you haven’t passed over the first deal hump, you don’t want to miss this meeting and taking part in BIG. We will see you there!
The Chattanooga REIA Beginning Investors Group (BIG) 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 help new investors get their first deal and help new again investors get their next deal!
The Beginning Investors Group meets on the 3rd Wednesdays of each month from 6:00 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.Read More >>
When it comes to making money as a real estate investor, nothing is more important than the ability to generate high-quality buyer and seller leads. After all, if you have no buyers and sellers to talk to, your skills as a savvy real estate investor never even come into play.
If you are going to be a successful investor, you must be a successful marketer! The good news is, generating motivated buyer and seller leads is pretty easy with a little time, effort, creativity and a reasonable monthly marketing budget.
In this special one-of-a-kind workshop, Dustin Griffin and Don DeRosa will show you those proven, effective, affordable methods you can use for little to no cost to generate waves of valuable leads day after day and month after month to achieve your financial goals.
Learn Low Cost, Low Tech Marketing Tactics to Generate Leads such as:
You will also learn:
If you're at all disappointed with the amount of money you've been earning in your investing business and are fed up with all the time you've been spending trying to figure out how to get more leads and do more deals... then come Join us at the Guerilla Marketing Workshop Training Series. Here we will teach you how to dominate your local real estate market both offline and online to generate all the motivated buyer and seller leads you need to run a successful home buying business using many free or affordable marketing techniques.
Don't miss this opportunity to learn the marketing skills you need to know to start generating an endless stream of real estate buyer and seller leads for little effort and little expense. Register now before this event sells out!
Guerilla Marketing 1.0 takes place on Saturday, June 24th from 9AM to 6PM at 3125 Presidential Pkwy, Atlanta, GA. We would love to help you take your Real Estate Investing to the next level by generating all the motivated buyer and seller leads you can handle! Read More >>
If you’d like to invest in real estate, but you can’t afford to buy property – don’t despair! Think about renting from owners who are saddled with ‘inconvenient property’ and negotiating the right to sub-lease their property to others. This is Master Leasing - the leasing of a property from an owner and then sub-leasing that same property to a tenant. I believe Master Leasing is the most economical way to get started in the real estate business today. It is a way to produce an immediate income stream without large amounts of capital.
Master leasing is an incredible tool, which can benefit both owners and investors.
It will lose an owner less than he is losing with a vacant property and it will insulate him or her from dealing with sub-tenant occupants. Master tenants are not agents of the owners, but rather entrepreneurs who are professional landlords. This gives a master tenant the flexibility to tailor a lease to the specific needs of each owner. They do not offer a ‘one size fits all’ solution, as do most property management companies. Since they are not agents working for the owner, the owners cannot be held vicariously liable for any of the actions master tenants take with their sub-tenants. This alone can reduce the owner’s liability dramatically. Read More >>