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Chattanooga REIA Blog

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How You Can Make Impossible Deals Profitable at Chattanooga REIA Main Meeting Thur, September 7th at 6:30PM

By Chattanooga REIA on August 30, 2017
Thu, September 7th @ 6:30PM in Chattanooga, TN
Chattanooga REIA
September 7th, 2017 at 6:30 PM at
Hilton Garden Inn,
2343 Shallowford Village Dr, Chattanooga, TN
How You Can Make
Impossible Deals Profitable

with Bill Cook
Chattanooga REIA Gold & Silver Members
Can Attend for NO CHARGE.
Basic & Not Yet Members Pay $15 at the Door.

Bill CookDid you know that every month, within 5 miles of your home, there’s a $15,000 net-profit deal waiting to be had? The hard part is finding it, and then knowing how to creatively structure it into a big-profit deal. There won’t be a large sign in the yard that reads: Stop Here – $15,000 Deal Inside! A common mistake made by many would-be real estate investors is to run a We Buy Houses ad, then sit back and wait for the phone to ring. A truth: The phone rarely rings! Because of this, most new investors go out of business long before they find their first deal!

To succeed at real estate investing, you must get face-to-face with sellers on a regular basis. The fastest, cheapest and most effective way to accomplish this all-important task is to simply knock on sellers’ doors and ask why they’re selling.

Watch Video!

In addition to door-knocking, you must continually learn creative deal structuring techniques from experienced real estate investors. The best creative deal structurer I know is Pete Fortunato. With nearly 50 years of deal-making experience under his belt, he’s the master! By the way, Pete and I are doing a Saturday Workshop in Atlanta later this month, but first,
to learn how to make impossible deals possible, do what we do: hang out with been-there-and-done-that investors. They know stuff! You will find these been-there-done-that experienced investors at your local REIA functions. We have several of them coming up in September! REIA on the Lake on September 7th, later that day, the Chattanooga REIA Monthly Main Event, and Saturday, September 9th, our Doorknocking Tour! In addition, we will tell you about more events coming up for Chattanooga REIA in September.

On Thursday, September 7th at 6:30PM at the Hilton Garden Inn located at 2343 Shallowford Village Drive, Chattanooga, TN, I will show you How to Make the Impossible Deals Possible and show you the easiest, fastest way to get in front of sellers. Members and guests can join us for dinner at the Garden Grill in hotel at 5:30 PM.

Before the evening is over, you WILL KNOW:

As you can see this will be a knowledge packed evening full of excitement and education. RSVP for Any or ALL these events if you want to Supercharge your Real Estate Investing!

Join us on Thursday, September 7th to discover the golden nuggets and special "AHA!" moments that will certainly be uncovered. We will have networking, learning, Haves & Wants, and of course, A GREAT Time! RSVP NOW!!

Chattanooga REIA Members Please RSVP on Meetup.com
Chattanooga REIA Members & Guests, Please RSVP on Meetup.com

PLEASE NOTE: Membership with Chattanooga REIA has changed. If you are a Gold or Silver (Affiliate) member, you may enter the event at No Charge. Basic Membership no longer exists, but you are still on Chattanooga REIA's email list. If you would like to become a Gold or Silver member, with all of it's benefits, Please go to http://chattanoogareia.com and save on event fees.

Main Meeting Agenda*
5:30PM: Join Us in the Hotel Restaurant for Dinner
6:30PM: Networking & Introductions
7:00PM: Welcome, Announcements & Upcoming Events
7:15PM: Haves Wants Buy Sell or Trade
7:30PM: Feature Presentation with Bill Cook
9:30PM: Late Nite Networking at Applebee's

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

See Chattanooga REIA Events Calendar for More Events!
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Door Knocking Field Trip with Bill Cook, Saturday, September 9th at 8:30AM-4PM

By Chattanooga REIA on August 30, 2017
Saturday, September 9th at 8:30AM in Chattanooga, TN
Join us for a REAL, LIVE, HANDS-ON…
Door Knocking Field Trip
Meeting Sellers and Making Written Offers
With Bill Cook
Saturday, September 9th from 8:30AM-4PM

Meet at McDonald’s at 5440 TN Hwy 153,
Chattanooga, TN at 8AM for Breakfast and Briefing. Registration & Sign-in at 8:30AM

Do you want to SEE and EXPERIENCE the fastest, cheapest, most effective way to get face-to-face with motivated sellers?

Bill CookIf so, then please join me, Bill Cook, for a day full of door knocking with real sellers on Saturday, September 9th from 8:30AM – 4PM. We’ll meet at McDonald’s located at 5440 TN Hwy 153 in Chattanooga, TN near Northgate Mall at 8AM if you want to have breakfast with us at your own expense. Registration and sign-in begins at 8:30AM. The event starts at 9AM. We will then spend the day out talking to sellers and constructing win-win deals at their kitchen tables.

What’s the fastest, cheapest, most effective way to get face-to-face with motivated sellers? When you see a For Sale sign in a seller’s yard, get out of your car and knock on the seller’s door. It’s as simple as that!

Door Knocking with Bill CookOn Saturday, September 9th, Bill Cook will take a select group of real estate investors from Chattanooga into local neighborhoods and show them:

This isn’t classroom theory stuff. It’s a 100% real-world experience!

Most real estate investing teachers can talk-the-talk, but how many have you watched walk-the-walk? This will be a one-of-a-kind event. No other investing teacher does what Bill does!

Door Knocking with Bill CookBill and his wife Kim built their real estate investing business square on the back of knocking on sellers’ doors. They’ve been doing this for more than 20 years!

The 12 Most Important Things You’ll SEE Door-knocking with Bill on September 9th:

Register Now!

Door Knocking with Bill CookWill you learn something new? You bet! Will you see things you’ve never seen before? Positively! Will you be able to take what you’ve learned and put it to use the next day? Absolutely!

Bill and Kim have tons of experience at creatively constructing and funding win-win deals. Their investing portfolio is made up of single-family rental homes, mobile homes, a small mobile home park, plus notes and options.

Contact us now if you want to go out and watch Bill talk to homeowners and sellers, learn how he gets 8 out of 10 sellers to invite him in, and how he makes written offers right there on the spot!

We promise that you’ll see things you’ve never seen before – or will ever see again!

Here’s a ratio for you: If I talk to 10 sellers at the door, 8 will invite me in – EIGHT! Are you getting this kind of result from your bandit signs or website? A question for you: To be a successful real estate investor, do you need to meet with more sellers or less sellers?

While real estate investing is simple, it’s anything but easy. To be successful, the MOST important thing you must do is get face-to-face with sellers on a regular basis. Nothing takes the place of this. NOTHING! It’s the alpha and omega of real estate investing!

Your next question is probably: “Bill, what qualifies you to teach folks how to door knock and meet with sellers?” Beginning in 1978, I put myself through college selling Electrolux vacuums door-to-door. In 1995, I switched from Electrolux and became a full-time real estate investor. No one else in the country has this amount of experience at homeowners’ doors.

You are either serious about real estate investing or you’re not. If working 40 hours a week for the man isn’t your idea of financial freedom, if you’re a round peg who is being forced to fit in into a square hole, then come spend the day with me. It will be time well spent. And at the end of the day, if you feel that it wasn’t, I’ll gladly refund your hard-earned money with no questions asked.

I'm Looking forward to having you join me. Remember, I LOVE questions! RSVP NOW! I will see you there!

See Chattanooga REIA Events Calendar for More Events!
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How to Make $30K in 30 Days with Dwan Twyford on BIGOnline on August 23, 2017

By Chattanooga REIA on August 22, 2017
Wed, August 23rd @ 7PM on GoToWebinar
Beginning Investors Group ONLINE
How You Can Make $30,000 in 30 Days with the Trifecta of Success System!
with Dwan Twyford on August 23rd
@ 7PM on GoToWebinar

No Charge to Attend for Members or Guests
Who Attend Online via GoToWebinar.com!

Dwan TwyfordPlease be sure to join us at the Beginning Investors Group Online on Wednesday, August 23rd at 7:00PM ET Our special guest will be Dwan Bent-Twyford, America’s Most Sought-After Real Estate Investor, who started as a broke, single mom that had been fired from Denny’s. She now heads up “The Investors Edge University”. A company that specializes in training new and seasoned investors in a wide range of real estate investing techniques through live workshops, weekly webinars, a member site, and seminars.

Dwan, having flipped over 2,000 deals herself, she is more than qualified to share her vast knowledge of real estate investing with America.

Dwan is affectionately known as the “Queen of Short Sales” and is considered to be the Nation’s #1 Expert on Short Sales & Foreclosures. She has written three best sellers, “Short Sale Pre-Foreclosure Investing”, “How to Sell a House When It’s Worth Less Than the Mortgage” and “SuccessOnomics” which she wrote with Steve Forbes. This month at this BIGO event, Dwan will share her “Make $30,000 in 30 Days with the Trifecta of Success” system. She will walk you through several step-by-step insider secrets and share how some of her students have made in excess of $50,000 on a single transaction.

What You Will Learn from this Session:

Register Now!

Make plans to attend Dwan’s presentation on Wed. August 23rd at 7PM ET– to discover the golden nuggets she plans to share. She will be joining us from Denver, Colorado to speak to our group. It is an honor and a privilege for us to have a speaker of Dwan’s caliber so please register today, let’s give her a great event full of tons of energy and make her feel welcome.

TO ATTEND ONLINE: 7:00PM Start Time. To attend the Beginning Investors Group Online via your PC, smart phone or tablet, Register Here for the Meeting on GoToWebinar.com and you will be emailed login instructions for the event.

Once you get your Webinar Confirmation Email, you can login on about 5-10 minutes prior to the 7PM start time to reserve a spot using your PC, Mac, Tablet or Smart Phone. You can download the GoToWebinar App here on iTunes App Store or the Google Play Store.

See Chattanooga REIA Events Calendar for More Events!
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Onsite Renovation Group Meets on August 23, 2017 in Ringgold, GA

By Chattanooga REIA on August 21, 2017
Wed, Aug 23rd @ Noon in Ringgold, GA
The Onsite Renovation Group
Hands-On Learning "Onsite" at Real Renovation Projects
Wednesday, Aug, 23rd at NOON
14 Gwen Dr, Ringgold, GA
Chattanooga REIA Members and Guests
Can Attend at No Charge at this time.

Please join us on Wednesday, August 23rd at NOON for the Chattanooga REIA Onsite Renovation Group hosted by Michael Hicks, to learn all about finding, funding, fixing, and flipping houses for big profits. This month’s meeting will be held at one of Michael Hicks’s renovation projects located at 14 Gwen Dr in Ringgold, GA.

This month, Mike will walk you through his step by step process of evaluating a property. This is an opportunity for those wanting to know about rehabbing or fixing up a property. Michael Hicks who has been doing local rehabs for the past 15 years will show both inexperienced and seasoned rehabbers alike the ins and outs of an individual rehab in its various stages. Newbies and Experienced Investors are invited to come out, ask questions, get those questions answered, take notes and learn in a new way to save you from costly mistakes.

Click Here For Site Map to 14 Gwen Dr, Ringgold, GA and join us for info that you can’t afford to miss.

Chattanooga REIA Members Please RSVP on Meetup.com
Chattanooga REIA Members & Guests, Please RSVP on Meetup.com

Onsite Renovation GroupThe 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.

See Chattanooga REIA Events Calendar for More Events!
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Learn to Create Winning Deals at the Beginning Investors Group on August 16, 2017

By Chattanooga REIA on August 16, 2017
Wed, August 16th@ 6PM – Wally's Restaurant, East Ridge, TN
Beginning Investor Group (BIG)
"How To Create Winning Deals" For Beginners
with Joey English
on Wed, August 16th, 6PM at
Wally's Restaurant in East Ridge
NO Charge For ALL Attendees at this time.

Joey EnglishI've been there! All investors have. You have someone who may want to sell their house. You biggest problem right then is the HOW? What kind of an offer are you going to make that makes the seller, the buyer (you) and perhaps the end user very happy? Wait! You have little if any money. What do you do then? What kind of offer should you make? What should I do you may ask? There are many different avenues you may take on this situation. Let's keep it simple. You must learn to crawl before you walk, and then walk to run.

If you have found yourself in this situation, you need to join us at the Beginning Investors Group on Wednesday, August 16th at 6PM at Wally's Restaurant located at 6521 Ringgold Rd in East Ridge, TN. Our special guest, Joey English will show you some easy to use deal structures you can use as soon as you leave this event and get that First Deal you need!

Let Joey tell you what is in store for you on August 16th:

Watch Video!

If you want to study a little before BIG so you may ask Joey questions, There are 3 Deal Structures he will be showing:

Chattanooga REIA Members Please RSVP on Meetup.com
Chattanooga REIA Members & Guests, Please RSVP on Meetup.com

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 investor.

BIG will have experienced local and regional investors speaking and leading interactive exercises on relevant topics on a beginners level. We also have mentors attending that can take you by the hand and can walk you through that first deal. So please join us on the 3rd Wednesday of every month. Arrive around 5:30PM so you can get some delicious food at Wally's in East Ridge.

About The Beginning Investors Group (BIG) Chattanooga

BIG Chattanooga LogoThe 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 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 >>


The Profit Newsletter August 2017 Edition

By Chattanooga REIA on August 7, 2017
Download The Profit Newsletter for August 2017 (PDF)
The August 2017 Edition of
The Profit is Available for Download!

The Profit Newsletter - August 2017The August 2017 Edition of The Profit Newsletter is now available for download. There are 54 pages this month full of upcoming meetings, workshops, educational articles and other valuable information for your real estate investing pleasure and success. Download it and check it out!

The Profit is Atlanta REIA's digital, interactive newsletter for serious real estate investors (which is available to Chattanooga REIA Members & Guests) delivered as an Adobe PDF file to read on your PC, Mac, Smart Phone, iPad or other mobile ready devices. Many of the articles and ads in The Profit contain many hyperlinks you can click to get more information online! The high res version of The Profit is "print ready" for those who want to print the newsletter on their home or business printer.

Be sure to Subscribe to The Profit by Email or Subscribe to The Profit by Text so you don't miss a single issue.

Download The Profit Now!
High Quality PDF / Low Res PDF / The Profit Archives
See Chattanooga REIA Events Calendar for More Events!
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Finding Your Fortune with Vacant, Distressed Properties

By Reggie Brooks on August 7, 2017
Reggie Brooks

When I began my career as a real estate investor in 1985, I stumbled across a tremendous opportunity that most people still don’t know about to this day. Yet it has given my family and me a lifestyle we never dared dream we’d have.

I’m talking about investing in vacant, distressed, abandoned properties – a highly lucrative, yet little-known, segment of the market.

Vacant/Abandoned properties are just that – vacant. No one lives or works there anymore. Weeds may be collecting and taxes may be accruing, but in many cases the owner has already divorced himself emotionally from the property. And that means you could get an excellent under-market deal.  Read More >>


Using The Right Mailing Lists To Locate Motivated Sellers - Part 2

By Kathy Kennebrook on August 7, 2017
Kathy Kennebrook

So what other lists can we use to locate highly motivated sellers? One of my favorite lists is people who are behind on taxes. You can get this list by getting a list of tax certificates available for sale in your county. In most counties this list comes out right before the tax certificate sale takes place. You would then mail them a neutral type of letter saying you are interested in buying properties in their neighborhood or subdivision.

When mailing these letters initially, I suggest that you do not refer to the seller’s specific problem. All you will accomplish is to alienate them so that they will not want to work with you. I personally do a mailing every year to folks whose tax bills have not been paid and I have purchased many properties this way. A lot of these folks are people who have a problem they need to solve, they just don’t know how until they are contacted by you. A lot of these people have inherited properties they neither want nor need and appreciate your offer to purchase it, especially if they have just received another big tax bill to pay. This is an extremely good lead source for really great deals.  Read More >>


Three Misconceptions About Building Wealth Through a Real Estate IRA

By Jim Hitt on August 7, 2017
Jim Hitt

Building wealth is a bit like dieting, in that everyone has different advice for you. “Cut up the credit cards,” personal finance gurus say, “and don’t buy that morning latte every morning.” Others say that stocks are the one true—and only—way to achieve prosperity. But is there any truth to these ideas, or is an option like a Real Estate IRA just as valid as any other path to wealth?

To figure it out, we’ll have to cut straight through the clutter. Let’s debunk three misconceptions about retirement investment in real estate right off the bat.

Misconception #1: The Real Estate IRA is Unpredictable

True: real estate is an investment that comes with risk. But if you know of any investments that don’t involve risk, please, tell the world—because we’d like to hear it.  Read More >>


How To Do More With Less

By Jonathan Henrich on August 7, 2017
Jonathan Henrich

If you’ve been reading my articles then you know that I like to write about philosophy and self-help topics more than the topic of investing and there is a reason for this. Even though I love to talk deals, in my experience I have found no matter what you are investing in, the act of investing is just another piece of the puzzle in the grand scheme.

We spend our days investing in lots of things. Many times, we spend so much time focusing on what we should be doing, how we should be acting and who we should be associating with that we get wrapped up in almost a mindless pattern fixated on material acquisitions.

Again, I go back to the idea that there is no sanctuary that you will arrive at. You won’t wake up and just be a different person that has a bunch of money and lives all the desires that you want. Even if you became a millionaire overnight in stocks, you still had to work for that change.  Read More >>


Keep Your Name Good in the Real Estate Business

By Larry Harbolt on August 7, 2017
Larry Harbolt

Make Sure You Always Keep ALL Avenues of Communications Open If You Want to Keep Your Name Good In the Real Estate Business.

What an interesting thing to say.  Making sure you always stay in communication with everyone you have any type of financial obligations with. This is a subject that has caused much unneeded anxiety and stress that is totally not necessary if both people involved in every financial situation continually have open communications regardless of the status of the transaction they are involved in.

Over the years having been both a private Lender and a Landlord it has been my experience when life and unforeseen situations arise and the tenant or the borrower find themselves with a shortage of money to pay the obligations they originally agreed to pay, communications often stop. Somehow the tenant or borrower finds the money to pay for personal items such as their cell phone bill, their cable television bill, their car payment and eating out periodically or going out on the town.  Read More >>


Mayor Kasim Reed Blowing Smoke

By Russ Hiner on August 7, 2017
Russ Hiner

Mayor Kasim Reed is a short-sighted politician.  Thank goodness for term limits.

Mayor Kasim Reed says he is concerned about affordable housing. In a recent AJC article, Mayor Reed used terms like “predatory purchasing”. I believe this slanderous name calling only causes separation and stirs up animosity between the sellers and investor buyers. I am upset about this article where Mayor Reed said that investors are using predatory purchases to acquire houses and force the property values to go up, so there is no longer affordable housing in Atlanta.

If the city of Atlanta is going to point fingers they need to look at the predatory purchase of the surrounding land, which now houses the Falcons Stadium. My understanding is the city of Atlanta did threaten eminent domain in order to get that stadium in place. I did like the powers to be forcing that move though. Even if it will displace 30 properties of affordable housing. I think the Atlanta Mayor must have been referring to the investors that buy single family houses as predatory purchasers, not the commercial buyers. But that is another article.  Read More >>


How to Keep Your QuickBooks Data Safe

By Karen Bershad on August 7, 2017
Karen Bershad

You work hard to make sure your QuickBooks data is accurate. Make sure it’s safe, too.

Your QuickBooks company file contains some of the most sensitive information on your computer. You may have customers’ credit card numbers and employees’ Social Security numbers. An intruder who captured all that data could create tremendous problems for you and a lot of other people.

That’s probably the worst-case scenario. But other situations could also spell disaster for your business, which  involve losing your company data through fraud, hacking, or simple technical failures.

We can’t overstate the vital importance of protecting your QuickBooks company file, especially your customer and payroll information. Whether someone steals it or it’s inaccessible for another reason, it’s gone. Keeping your business going after such a loss would be very difficult – maybe even impossible.

Here’s what we suggest to prevent that.  Read More >>


How We Creatively Funded A Recent Deal

By Bill Cook on August 7, 2017
Bill Cook

How do seasoned real estate investors creatively fund their deals without going to a bank?  To show you one way, let’s look at a deal that Kim and I recently got funded using a private-money lender.

This deal began when Kim and I were high bidders at the December 3, 2013 property tax auction in Cartersville, Georgia.  We bought the tax deed on 50 Akin Drive for $2,800.  The purchase money came from our checking account and was used to pay up the property’s back taxes for tax years 2010, 2011, 2012 and 2013.  By the way, despite what the TV infomercial claims about buying tax deeds, as the high bidders, we only owned the tax deed, not the property

Over the next twelve months, either the property owners (who had abandoned the property) or their mortgage company had the right to buy back the property’s tax deed for our $2,800 purchase price, plus pay us a fee of 20% interest. Read More >>


Land Trusts! What You Need to Know to Get Started

By Tony Pearl on August 7, 2017
Tony Pearl

Land Trusts are one of the most confusing and often misunderstood aspects of real estate investing.

In this article, we’re going to discuss a few basic, essential things you should know about Land Trusts if you’re buying & selling houses, are concerned with privacy, and/or want to enhance your estate planning.

I'm often asked about these wonderful 'things' called Land Trusts, and the techniques & benefits that are associated with them.  As a land trust expert, it's an AMAZING feeling to have the knowledge & confidence to be able to use them correctly. Would you like to have that awesome feeling? Great! Keep reading...

There are SO many benefits you get by taking title to property in a Land Trust. Let's look at a few of the benefits associated with these entities and WHY it's vitally important for you to be familiar with them, shall we? 

Some Benefits of Owning Property in a Land Trust:

When To Use a Land Trust:

 Whenever you buy a house - whether it's for an investment or to live in, you'll want to buy it in a LAND TRUST. Why? Because of all the benefits listed above (in addition to all the other benefits I don’t have room to list here)!

Honestly, there's not a single reason I can think of on why you wouldn't want to buy in a trust.  Well, actually, there is - when you're getting an institutional loan (from a bank) to buy or refinance a property, they'll usually want you to close on it in your own name, because you have to personally sign for the note (that's one of the big ways the banks 'get' you).

But since you're not going to be going to the bank to get a loan, you don't have to worry about that, right?

The Main Entities You'll Need In Order To Form A Trust:

  1. The Grantor: The person/entity putting the property in trust (Usually the seller)
  2. The Grantee: The person/entity receiving the custody of the trust (Usually the Trustee)
  3. The Beneficiary: The person/entity who will have the BENEFIT of owning the Trust (Usually YOU or one of your entities)

You'll also need to pick a NAME for your Trust. This could be anything you want it to be. One popular naming strategy is to name the trust after the address of the property, and that's fine.  What you DON'T want to do is name it anything with your name in it, because one of your goals of owning a property in trust is anonymity!

The Trustee and the Beneficiary CANNOT be the same entity, or the trust is invalid.

In Order To Create a Trust, You'll Need:

  1. A DEED. This could either be a Warranty Deed to Trustee or a regular Deed (Warranty, General, or Special), just as long as that Deed names the TRUST, the TRUSTEE, and the date the trust was formed. The Legal Description also needs to be a part of it.
  2. A Trust Declaration. This is the document that sets the framework and names the parties, conditions, and powers of the various people/entities of the trust. Think of it as a set of instructions. It also stipulates who the beneficiary/ies is/are, what percentage of ownership he/she/they has/have, what the powers of the Trustee are, etc.
    NOTE: This is a PRIVATE Document that is NOT recorded!
  3. An Affidavit of Trust. This is a powerful piece of work, because it lets you show people that a trust exists, what the Trustee's powers are, and the basic/main information that the outside world needs to know - WITHOUT revealing any of the 'juicy details' of WHO owns the trust, etc!! I like to think of this like a receipt for something. This CAN be recorded with the deed.

Did You Know...?

Putting real estate into a trust converts it to Personal Property? Therefore, if you want to SELL (or Assign) your beneficial rights in a trust, you can do so without anyone in the outside world knowing about it?! All you'd need to do is create and execute a simple 'Assignment of Beneficial Interest' form and have it Notarized!  Let that sink in.

Naturally, there's a bit more to it than that. And there's still a lot to learn about all the wonderful details of how to properly form and use a land trust in your real estate investing business.

We've only scratched the surface here, so I encourage you to continue learning all you can about Land Trusts and how to leverage them for your maximum benefit.

I hope you've found this report/article to be informative.

Thanks for reading!

Until Next Time,

Tony Pearl

Read More >>


Coming Back Home… to Wholesaling!

By Frank Iglesias on August 7, 2017
Frank Iglesias

You have seen the infomercial… it goes like this…

There are a few variations on this theme, so allow me to share a different spin that I and a few colleagues of mine have explored.  It looks more like this…

So this is not exactly what we are doing since we are also doing new construction but remove the new builds from the equation and it is pretty close.  So what’s the deal?  Read More >>


Consistency

By Michael Vazquez on August 7, 2017
Michael Vazquez

Today after leaving a meeting I was approached by an investor that asked where I found my leads. I answered by giving him a few examples of where I received my most recent listings. By seeing the look on his face, I could tell that he didn't like my response. I think he believed I was holding out and not wanting to share or there was something special I was doing which was/is not the case.

Like this gentleman and probably like many of you, I once too believed there was a magic bullet/formula to successfully finding a lead in real estate or anything. After speaking with many "experts" I found out that there is no such thing as a magic bullet. In fact, the only thing that really separated a bad or good investor from a great one was/is consistency. The better question is, what should I do on a consistent basis to make me successful in real estate investing or anything else? Once you know what to do consistently, and you actually do it, you will be successful.  Read More >>


The HOT Atlanta Real Estate Market Stats Reflects That It Is Still A Seller's Market

By Deborah Harris on August 7, 2017
Deborah Harris

Atlanta continues to be one of the hottest real estate markets to rebound since the recession continuing through First Quarter 2017.  But, before we analyze the numbers, sellers must realize the following:

  1. Price and condition account for 80% of buyer interest and acceptance for any property therefore what needs to be done should be done to present your house in the best possible way.
  2. Nobody can dictate at what price your house will sell. The market will determine the price that buyers are willing to pay. When you price your house too low, the market will raise the price due to multiple offers over the price.
  3. Rather than using emotion, guesswork or assertions to arrive at your listing price, a good agent helps the Seller understand the real Atlanta market data, showing what actually happened to other sellers in the current market, as it reveals the most likely outcomes of pricing strategies for you. Using overall metro market statistics provides good agents with a large enough data set of real outcomes to feel comfortable that they will be likely to happen in future transactions, allowing us to take advantage of this knowledge to price your property to achieve your goals.

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August Review: Quality Smart Lock System

By Don DeRosa on August 7, 2017
Don DeRosa

 “Preconceived notions are the locks on the door to wisdom.” ~ Mary Browne

There is none other than August that are doing Bluetooth locks to the caliber of quality like we've never experienced before. August Lock System is something that is worth it. It works best with a Schlage deadbolt or other high-end deadbolt lock. It faces the interior door, so it doesn’t add a level of security that is significant. It is a convenience for the homeowner if perhaps they aren't home and someone needs to attend to plants and pets.

The startup takes two steps to connect to a smartphone with the app pre-installed. The app does require a phone number and email. The subscription based security monitoring is worth it since the free subscription for the app is only as good as the deadbolt it is on.  Read More >>


Making Any Market Work For You

By Mark Jackson on August 7, 2017
Mark Jackson

When we are always confident that real estate comps are solid, we feel comfortable stepping out into any real estate deal. Using REIA Comps will give you a feeling of confidence and complete sense of control of the value for any deal you are doing.  Because things can be so busy these days, it is important to take the steps to make money on any project you pursue.  Learning to work with the highs and lows of any real estate market means longevity for you.

Most realtors do a good job but in a sellers’ market you can probably sell the property yourself.  Remember, nothing beats a failure but a try. If it doesn't sell then you can always call the pros in later. The internet has been a blessing to the average person.  There are multitudes of websites which could be used to market a property. Thousands of people visit those sites looking for a new home.  Even inexpensive ads on the internet are beneficial when trying to get a property in the sold column.   Read More >>


Learn to Get Filthy Rich at Chattanooga REIA with Larry Goins on August 3, 2017

By Chattanooga REIA on July 28, 2017
Thu, Aug 3rd @ 6:30PM in Chattanooga, TN
Chattanooga REIA
August 3rd, 2017 at 6:30 PM at Hilton Garden Inn,
2343 Shallowford Village Dr, Chattanooga, TN
Getting Down & Dirty
with Filthy Riches Homes

with Larry Goins
Chattanooga REIA Gold & Silver Members
Can Attend for NO CHARGE.
Basic & Not Yet Members Pay $15 at the Door.

Larry GoinsDid you know that there are $5,000 houses out there that you can literally sell for 3-6 times that amount? When we first heard how Larry Goins was buying dirt cheap houses that no one else wants for $5,000 or less and selling them for $30,000 without a buyers list, cash or credit, we just had to get him here to teach you how he does it. Join us on Thursday, August 3rd at 6:30PM at the Hilton Garden Inn located at 2343 Shallowford Village Drive, Chattanooga, TN. where Larry Goins is going to teach us a strategy to buy houses for $5,000 that nobody else wants and make more money from them than most investors make from a $100,000 properties. Members and guests can join us for dinner at the Garden Grill in hotel at 5:30 PM.

In fact, with his strategy, Larry has discovered that most properties in the $100k range will NEVER create the margin of profit like you can from a $5k house. And hey, can everyone afford a $5,000 house?

The great thing about Larry is he only focuses on tactics that require little cash or credit and that require no previous real estate experience. Not just that, but his strategy can be done completely from the comfort of your home office, aka "virtual investing".

He calls it his “Filthy Riches” strategy and at the meeting he will share how these types of deals work and how much you can really make. Everything will be revealed at our upcoming meeting, so members and guests, please RSVP NOW!

BTW, even if you do not have any $5,000 houses where you live, its ok, Larry will show you exactly how to take advantage of this limited opportunity no matter where you live! So RSVP Now and come find out how!

Chattanooga REIA Members Please RSVP on Meetup.com
Chattanooga REIA Members & Guests, Please RSVP on Meetup.com

Main Meeting Agenda*
5:30PM: Join Us in the Hotel Restaurant for Dinner
6:30PM: Networking & Introductions
7:00PM: Welcome, Announcements & Upcoming Events
7:15PM: Haves Wants Buy Sell or Trade
7:30PM: Feature Presentation with Larry Goins
9:30PM: Late Nite Networking at Applebee's

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

See Chattanooga REIA Events Calendar for More Events!
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Come Play the Chattanooga REIA CashFlow Game on August 8, 2017

By Chattanooga REIA on July 28, 2017
Tues, Aug, 8th at 6:00PM in Rossville , GA
Discover What The Banks
Don't Want You To Know At..

The Chattanooga REIA CashFlow Game
No Charge for Chattanooga REIA Members
& Non-Members!

CashflowLearning doesn't just happen in a classroom or from a book. Inject some real fun into learning about money and investing. You could learn to be wealthy and that would be life changing. You could also learn to be wealthy by playing a game and that would be amazing. But what if you could play that game locally? That would be mind-blowing! So what would it be like if you could learn to be wealthy by playing a game ... FOR FREE?

Your banker will NEVER ask you for your high school report card. Learn what’s really important in entrepreneurship and investing: Your Financial Statement. Build your assets and build your wealth. This is the game designed by Robert Kiyosaki. Meet and interact with players who have the same goals and aspirations as you do. Test your skills and strategy. We will have snacks and soft drinks. RSVP Today because there are only a few spaces left!

Please join us Tuesday, August 8th at 6:00PM at the Rossville Community Center located at 400 McFarland Ave in Rossville, GA, and learn what the rich and wealthy teach their kids!

 Please RSVP on Meetup.com
Please RSVP on Meetup.com

See Chattanooga REIA Events Calendar for More Events!
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Flipping Vacant, Distressed, Abandoned Properties Workshop with Reggie Brooks in Atlanta on August 12, 2017

By Chattanooga REIA on July 28, 2017
Sat, August 12th at 9AM In Atlanta, GA
Vacant And Distressed Property Opportunities
Workshop for Real Estate Investors
Discover How To Buy Vacant and Abandonded Properties For
Pennies On The Dollar!
A Full Day Workshop with Reggie Brooks
Saturday, August 12th from 9AM-5PM
3125 Presidential Pkwy, Atlanta, GA

Reggie BrooksJoin Reggie Brooks on Saturday, August 12th from 9:00 AM to 5:00 PM (Registration starts at 8:30 AM) at the City Of Light located at 3125 Presidential Pkwy, Atlanta, GA where he will show you how you can make $30,000 cash in the next 60 days. While you’ve been keeping your nose to the grindstone, paying taxes and worrying about keeping up with inflation... silently all across America, shrewd real estate investors are cleaning up. But, right here and right now, things are going to change.

Here’s Some Of What You’ll Learn:

The truth is it’s very easy and simple to make millions... IF you just have and use the know-how. Right now, right here in your area, there are undervalued properties ready to be scooped up for pennies on the dollar. This is the time to buy these deeply discounted properties and make “a killing” down the road. The money is there for the taking.

“There Are Millions To Be Made In Real Estate – Right Now, In Today’s Changing Market”

“In Fact, If You Don’t Make $30,000 Or More In The Next 60 Days, You Didn’t Attend My Training!”

Mark you calendar right now for August 12th! Reggie’s going to teach you the steps he took to become a multi-millionaire. And he did it doing exactly what he will be teaching you!

Here’s More Of What You’ll Learn:

We are going to PROVE IT to you live at this full day Vacant/Abandoned Properties Workshop on Saturday, August 12th from 9AM to 5PM.

Register Now and join us to discover Reggie's secrets that he will be to sharing with you. These are the strategies that he has perfected throughout his own Real Estate Investing ventures and he will show you step-by-step how YOU can implement them into your business today. Register Now!

Register Now!

*PLEASE NOTE: The 2-for-1 Early Registration Special is only for Chattanooga REIA Members and is limited to spouses, adult children and corporate partners. Non-Members who join Chattanooga REIA between August 1st through August 10th, 2017 can attend the workshop for FREE as new members and can bring a qualified guest. Also, Chattanooga REIA Members who renew their membership for an additional year between August 1st through August 10th, 2017 can attend the workshop for FREE as well. When joining Chattanooga REIA or renewing your membership, please indicate that you want to attend the workshop at no charge.

Read More >>


Smart Home Technology Workshop for High Tech Rehabbers in Atlanta on August 19, 2017

By Chattanooga REIA on July 28, 2017
Sat, Aug. 19th at 9AM - Atlanta, GA
Smart Home
Technology Workshop
Learn How You Can Prepare Today's Rehab with Tomorrow's Technology
A Full Day Workshop with Don DeRosa
Sat, August 19th 9AM-6PM
1960 Skylar Hill Dr Suite D, Buford, GA

Don DeRosaAre you flipping houses? Why not make them "Smart" like a High Tech Rehabber?!?

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!!

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!

See Chattanooga REIA Events Calendar for More Events!
Read More >>


The Strategy Behind Filthy Riches

By Larry Goins on July 10, 2017
Larry Goins

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 >>


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