Author Archive

Mon, August 19th @ 6:30 PM – Sandy Springs, GA
The Beginning Investors Group
How Accurate Comps Can Make or Save You $1000’s on Your Next Deal
with Linda Dana on Monday, August 19th
Non-Members RSVP Online for $10.00 or $20 at the door.
Atlanta REIA Members are always FREE!

Linda DanaJoin us at the Beginning Investors Group on Monday, August 19th at 6:30 PM at the Hudson Grill located at 6317 Roswell Rd NE in Sandy Springs, GA where property evaluation expert, Linda Dana, will be teaching new investors the art and science of “Determining Accurate Property Values”. Linda is a long time real estate investor and “transaction engineer”, a mentor and the President of Charlotte REIA.

Knowing “How to Determine Accurate Property Values” is a highly critical skill that we must master as real estate investors in order to create profitable deals.

As investors, we determine a property’s value by “pulling comps” using property evaluation websites, software or the MLS. By “comps” we mean recent “comparable sales” of other properties in close proximity to our subject property that are similar in age, bedrooms, baths, square footage, lot size, style, amenities, etc.

We gather this recent sales data and analyze the high sales, low sales, average sales and distressed sales to determine the properties current “As-Is Value” as well as the “After Repair Value”. We must carefully determine which comps we include in our calculations and which ones to exclude if they are not truly “comparable”. We then carefully calculate our offer(s) to the seller based on these numbers.

If we get these numbers wrong and think the property is worth less than it really is, we may offer the seller too little and lose the opportunity to buy the property and any profit we would have made to another buyer who is willing to offer more.

If we think a property is worth more than it really is in its present, as-is condition or fixed up, we may pay too much and lose thousands of dollars when we sell. For example, if we are off by $5,000 to $10,000 on the properties value, our anticipated $5,000 profit on a wholesale flip may quickly evaporate.

Most investors don’t want to hire an appraiser to determine the value of every house they make an offer on, nor do they want to rely on a Realtor to determine these critical numbers for them. Therefore one of the first skills every new investor must master is how to determine accurate property values by pulling comps and doing the research themselves.

Join us at the Beginning Investors Group on Aug 19th where Linda will teach us…

  • What criteria to use in your comp search
  • How to know a good comp from a bad comp
  • Which comps to include and which to eliminate
  • How to determine a property’s value based on comps
  • How to pull comps without being a Realtor
  • All this and much more…

If you want to learn to put more money in your pocket and leave less on the closing table, this is a BIG Meeting you don’t want to miss!

Remember, Retail Buyers buy based on emotion… Investors buy based on the numbers. Join us at BIG to learn more about how to determine these important numbers!

Island REIA
Jamaica – June 2014

“How I wish that somewhere there existed an island for those who are wise and of good will.” ~ Albert Einstein

More info is coming soon. Dustin is headed down to Jamaica in August to check out the all-inclusive resort where we will be staying.

Thurs, August 1st at 6:00 PM at Hyatt Place Arrowood
Charlotte REIA Main Meeting
August 1st at 6PM at the Hyatt Place / Arrowood

Charlotte REIA Members Can Attend at No Charge

This Month…
with Bob Massey

Bob MasseyCharlotte REIA is excited to announce that Bob Massey will be our guest speaker on Thursday, August 1st at 6PM at the Hyatt Place Charotte/Arrowood located at 7900 Forest Point Blvd in Charlotte, NC. Bob has become one of the nation’s leading experts on the foreclosure and mortgage crisis. Thursday night he is going to explain exactly how the banks have been committing fraud for years, and how you can use the information to do some BIG Deals with BIG Profits with little or no risk to you.

By uncovering the banks’ systematic fraud, investors finally have the leverage we need to get the banks to negotiate on our terms. Bob will not only be explaining how you can use this information to buy the note (instead of doing a short sale), but also the power that buying the note gives you. Once you own the note there are a ton of different exit strategies available to you, and none of the restrictions that can come with buying a house through a short sale.

Click to view Cruise VideoWIN A CRUISE: All participants who attend the Charlotte REIA Meeting on August 1st will entered into a drawing for a chance to win a *Complimentary 2 Day Cruise to the Bahamas with Caribbean Cruise Line! *You must be present at the meeting to win. The 2 day Cruise does not include port fees, transportation and taxes.

Thurs, August 1st at 9:30 PM at Chili’s Grill & Bar

Taco MacAfter the conclusion of the Charlotte REIA Meeting, we will be reconvening at Chili’s Grill & Bar in Whitehall Commons located at 8164 S Tryon St in Charlotte, NC for the “Meeting-After-The-Meeting”. Chili’s will be offering $4.99 appetizers as well as food and drink specials for our members and guests. Come eat, drink, network and have fun with us as hang out late into the night! Thanks Chili’s!

*Meeting Agenda
6:00 pm: Vendors & Networking
7:00 pm: Main Meeting – Have’s, Needs & Wants
7:20 pm: Giveaways & Door Prizes
7:30 pm: Main Presentation with Bob Massey
9:30 pm: Late Nite Networking at Chili’s Grill & Bar

*Please Note: Meeting agenda is subject to change.

Participating Vendors & Sponsors

American IRAAmerican IRA – The American IRA mission is to provide the highest level of customer service in the self-directed retirement industry

CRS DataCRS Data – We offer comps from the MLS & FSBO’s, custom searches, property tax records, interactive maps, sales & mortgage info, real estate valuations, mailing lists & more.

Lima One Capital, LLCLima One Capital, LLC – A fully capitalized, direct lender for residential real estate investors and homebuilders. We are fully capitalized and our team prides itself on closing loans quickly for our clients.

We hope to see you at the meeting!

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