Category Archive: Uncategorized

What Box? The Seminar

Kim and I want to thank you for reading our weekly real estate investing newspaper column for the past 13 years. With this last article, we say: Goodbye, y’all!

In 2003, when we started this feature, we were still fairly new to real estate investing. As we gained knowledge and experience, we shared the creative deal-structuring techniques we learned that allowed the impossible deals to become not only possible, but also probable.

We also shared most every mistake we made along the way. We did this because more great lessons are learned from failure than from success!

And, we wrote a ton of articles about what it takes to succeed. No matter what field you’re in, the attributes it takes to succeed can be boiled down to these ten: love, accomplishment, discipline, persistence, belief, integrity, associations, a yearning to learn, sacrifice and giving back.

The story about how our weekly column first got in the paper demonstrates these attributes at work.

In 2002, we wrote a one-page newsletter that was passed out at our monthly real estate investor meeting. As 2003 approached, I decided to get our “articles” published in the newspaper.

On a Monday at 10 a.m., I walked up to the editor’s desk, introduced myself, explained who I was and what I wanted, and gave him my article. He thanked me, told me he didn’t want or need my column, and pointed to…

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Final North Georgia REIA Meeting!!!

WHAT IS DECEMBER’S MEETING ABOUT?

First, we want to wish you and your family a very Merry Christmas and a happy, healthy and prosperous 2016!

This will be the last meeting of North Georgia REIA. When December’s meeting concludes, it’s: Turn out the lights, the party’s over!

So what comes next? We’ll be talking about that.

We’ll also discuss the 3 habits we feel are most responsible for our success and how these habits can help you to succeed.

Then we’ll look at the #1 mistake that causes investors to totally quit the business…and how to easily avoid this career-killing mistake!

And because Kim and I are real estate investors first, last and always, we’ll show you two deals we’re in the middle of doing. Both involve creative deal structuring and creative funding so you know they’re interesting!

The first deal is Akin Drive. This deal began life when we bought the property tax deed at the Bartow County property tax auction. Interested in learning how property-tax deals works? This is your chance to see one in action and ask lots of questions.

Akin Drive involves the county doing its best to condemn and tear down the…

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WHAT IS NOVEMBER’S MEETING ABOUT?

Just two meetings left and then it’s: Turn Out The Lights, The Party’s Over!

At November’s meeting, Dyches Boddiford and Bill Cook will join forces and put their combined 55 years of real estate investing experience to work discussing the following topics:

The three most important things you need to know about going full time.

What if you want mailbox money, but want NOTHING to do with tenants.

How to use a combination of corporations, LLCs and land trusts to hold your property to protect your assets. Dyches Boddiford calls this The Grand Plan. Bill and Kim have used The Grand Plan to hold their real estate since 1998. Bill will also show you how Dyches’ system has protected him against frivolous law suits.)

How experienced real estate investors do their record keeping.

As a bonus, Dorsie Boddiford and Joe and Ashley English will show you a deal they recently did together. What makes this deal so interesting is that it involved door-knocking, two years of follow up, an assignment, an option and a private money participation loan.

Remember: A good number of us meet at the Hilton Garden Inn around 5:30 to have supper before the meeting. The what’s-happening-now dinner conversation is always enlightening…and it’s a great way to network with other like-minded capitalist!

This will be a great evening. We look forward to seeing your smiling face. Please bring family and friends. And remember: We LOVE questions and input – questions and input make us all better, smarter, wiser real estate investors!

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About October’s Meeting!

WHAT IS OCTOBER’S MEETING ABOUT?

We only have THREE meetings left!!! After 13 years, with the close of DECEMBER’S meeting, Kim and I will be shutting the doors on North Georgia REIA. You’ll want to be at each meeting between now and then because when we’re done, we’re done!

At October’s meeting, we’ll discuss the things you need to know – and do – if your goal is to prosper as a real estate investor. We won’t talk about the obvious things. Rather, we’ll discuss the things few investors have experience with – and fewer still ever talk about in public.

Here are some of those topics:

How do I – being an old, seasoned investor – quickly tell whether the deal is good or not? How do I know what I’m looking at? And if I decided to take the deal down, how do I get it funded fast?

What things do you need to have in place before you up your game and become a full-time real estate investor? I did a LOT of legwork in 1997 before going full-time on January 1, 1998. At October’s meeting, you’ll learn what I did to insure success.

The goal is to get mailbox money and achieve financial freedom. But how do you accomplish this if you HATE rental property and DESPISE tenants? It’s easier to do than you think. It just requires you to structure your deals just a bit differently.

If you’ve done ten or more deals, then you’re an experienced investor. That said, are you still structuring your deals the same way you did when you were a greenhorn? Want to see how you should be constructing your deals in order to…

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September 10th North Georgia REIA Meeting

WHAT IS SEPTEMBER’S MEETING ABOUT?

After 13 years, we’re closing our real estate investors group at the conclusion of December’s meeting. Our last four meetings will be one-of-a-kind, blow-your-mind fantastic!!!!

This month, Pete Fortunato will be our guest speaker. Pete is THE BEST creative deal structurer we’ve ever met. And he’ll be in Cartersville to share his 50 years of incredible real estate investing wisdom! And this will be the last time you’ll get to see Pete in this area!

What is it like to be around Pete? If you’re a pilot, it’s like watching the Wright Brothers fly. If you’re into physics, it’s like asking Albert Einstein questions. If you want your soul moved, it’s like listening to Martin Luther King speak. It just doesn’t get any better than Pete Fortunato!

What’s THE MOST important saying we’ve learned from Pete? “Why are you selling such a nice house like this?”

What’s THE MOST important lesson we’ve learned from Pete? “What box?” (At the meeting you’ll find out what this means!)

Pete is also outstanding at coming up with mind-bending quotes. Here are three:

It’s inconvenient to be physically alive but financially dead.

Opportunities are found. Deals are constructed. So don’t go out looking for deals. Instead, look for opportunities!

Every deal you do is a seed for another deal.

Pete has come up with lots of mind-bending-quotes over the years. I call these Pete-isms. Each one is a real brain-warper!

Why attend this meeting? It’s Pete Fortunato, for Pete’s sake! If you call yourself a real estate investor, there’s no one better to learn from.

Arrive at September’s meeting early to get the best seats. It will be a packed house!

Kim and I are bringing Pete to town to teach at our REIA on Thursday, and to teach his One Step Beyond seminar on Saturday and Sunday in Atlanta. Say you’re with North Georgia REIA and it’s only $350/person for his two-day seminar. (Find full seminar info on our website: CashFlowREI.com

Remember: A good number of us…

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August REIA Meeting Info

WHAT IS AUGUST’S MEETING ABOUT?

We’re doing something special this month. Our monthly meeting will be on Thursday, August 13, 2015. We’re following is up with a final pontoon boat cruise on Lake Allatoona on Saturday, August 15, 2015. (NOTE: We can only fit 22 investors on the boat. With this being our last REIA cruise, it will sell out fast. It’s $45/person. We provide lunch. Call Kim at 770-815-8728 to sign up!)

Kim and I have managed rental property and tenants for almost twenty years. During this time, we’ve made every landlording mistake possible. In other words, experience has taught us what works and doesn’t work.

During August’s meeting, I’ll discuss the top 10 landlording lessons I’ve learned over the years. In addition, a number of experienced landlords at the meeting will be sharing their #1 landlording lesson as well.

Three-quarters of the investors who attend our meetings own rental property. This meeting will be pure landlording gold. Be sure to bring paper and pen!

Here are a couple of topics from my Top 10 List:

Why own rental property?

When should you begin an eviction?

What’s the best way to solve a tenant problem?

What’s the best type of rental property to own and not own?

What’s the #1 way to find a great tenant?

As you probably know, after thirteen years, Kim and I are closing North Georgia REIA at the conclusion of December’s meeting. August will be the last time we discuss landlording.

What’s on the schedule for the rest of the year? In September, Pete Fortunato will be our guest speaker. In October, we’ll talk about wholesaling properties. For November, Dyches Boddiford and I will talk about creative deal structuring and funding. And finally, in December, Kim and I will show you how to succeed as a real estate investor.

North Georgia REIA is passionate about your…

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What’s July’s Meeting About?

At July’s meeting, we’ll discuss two topics 1) How to buy houses PRE-foreclosure, 2) Lee Perkins, our long-time real estate attorney, will talk about the new – and much more complicated – closing documents we’ll soon be forced to use.

Buying Pre-foreclosure:

– How to buy a property that’s advertised for foreclosure BEFORE it’s auctioned on the courthouse steps

– Why buying pre-foreclosure is often better than buying on the courthouse steps.

– How to make sense out of the legal ads

– How to transfer the legal ad info onto our Foreclosure Sheet (NOTE: Everyone attending will get a free copy of our Foreclosure Sheet.)

– How to put together your foreclosure book

– How to map out foreclosure properties

– Where to stand after knocking on the homeowner’s door

– What to say at the homeowner’s door

– What to ask at the homeowner’s kitchen table

– How to close a deal in less than 10 days

Lee Perkins:

– Why the HUD-1 is going away?

– What closing documents are taking the place of the HUD-1?

– Will closings get easier or harder?

– Will closings take longer or shorter to close?

This will be an information packed meeting! And remember, North Georgia REIA is coming to a close with the end of December’s meeting. Between now and then, show up and get your real estate investing questions answered!

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PONTOON BOAT CRUISE ON LAKE ALLATOONA

WHEN: Saturday, August 15, 2015, from 10 a.m. to 2 p.m. NOTE: We will pull out promptly at 10, so you need to be on the boat no later than 9:30 a.m.!!!

WHERE: We’ll board at Paradise Boat Rentals on Park Marina Road, in Red Top Mountain State Park, in Cartersville, Georgia. Their phone number is 770-974-2628

TO SIGN UP: Call Kim Cook at 770-815-8728. Bill’s number is 770-815-8727.

VIDEO ABOUT MEETING: https://youtu.be/7xif8y867hY

The 5th Annual REIA on the Water Double-decker Pontoon Boat Cruise!

It’s time to celebrate the end of summer by getting together with other likeminded real estate investors while cruising on – and swimming in – Lake Allatoona!

Continuing the five-year tradition, twenty-six real estate investors will get together on a huge double-decker pontoon boat (it has a bathroom) and spend four hours cruising the lake, going for a swim and talking creative deal structuring and funding. It’s a blast – tons of great, what’s-working-now information gets shared!

The cruise is $45/person. We provide lunch, snacks and drinks. It’s always a sellout – we can only take 22 investors – so if you want to join us, call Kim now and reserve your spot! Her number is 770-815-8728.

You can go to North Georgia REIA’s Facebook page to see pictures of REIA on the Water cruises from previous years.

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June’s North Georgia REIA Meeting

WHAT IS JUNE’S MEETING ABOUT?

As many of you know, after 13 years, Kim and I are putting North Georgia REIA to bed at the close of our December 2015 meeting. Between now and then, we will do the meetings we’ve always wanted to do – but never dared to do before!

It was hard naming June’s meeting. At first it was called No Damn Way Deals. Then it was Holy Crap Deals. Finally, after much begging, Kim let me call the meeting: The Ballsiest Deals Ever!

As a real estate investor, your job is to make the impossible deals not only possible, but also probable. To accomplish this goal, you need a lot of tools in your deal structuring toolbox.

At June’s meeting, you’ll see creative deal structuring and funding at its absolute finest! You’ll see deal structures that you never knew existed. You’ll see the trigger pulled on properties that 99% of the investing world wouldn’t have done because they didn’t know how to structure or fund them.

This is a once-in-a-lifetime opportunity! It will be presented by some of the most creative real estate investing minds in the country. I promise that you’ve never seen anything like this before. Be ready to have your mind bent – and then blown!

On the panel will be my good friends and fellow cohorts Houston Long, Joe English, Mike Tarpey and Kerry Milligan. We’re gonna talk about the deals we’ve NEVER publically talked about before – EVER!

In fact, let’s go ahead and set the meeting’s ground rules: (Rules? In a knife fight? There’re no rules in a knife fight! – Butch Cassidy and The Sundance Kid.)

These “alleged” deals probably never happened!

Any pictures you see of us on the screen were likely photoshopped!

Any documents you see were possibly forged by persons unknown!

All names have been changed to protect the…ummm…innocent!

The paranoia meter at this meeting will be pegged in the red – and so will the color of Houston’s face!

If you are someone who is easily offended, or is wrapped up in political correctness, DO NOT attend this meeting!

Absolutely no one is allowed to record this meeting!

North Georgia REIA is passionate about your…

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May’s North Georgia REIA Meeting

WHAT IS MAY’S MEETING ABOUT?

Dorsie Boddiford is completing her fourth year of real estate investing. Without a doubt, the girl is a Rock Star! In addition to doing over 50 deals, she also regularly loans and partners with other investors on deals!

This month Dorsie will discuss why an investor should flip – and whether an investor should only flip. She’ll also answer the question: What does flipping have to do with attaining financial freedom?

Here’s an overview of the flipping questions Dorsie will answer:

How do you find flips?

How do you fund flips?

How do you structure flips?

Who do you need on your flipping team?

What exit strategies can you use when flipping?

Then comes the good part. Dorsie will show you…

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