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Event ID: 262077 Event Status: On Schedule
Event Description

ACRE of Pittsburgh March Monthly Meeting – New Format

 

Join us on Tuesday March 2nd for ACRE’s  monthly meeting at the Doubletree Hotel in Greentree.

 

You can also attend virtually by CLICKING HERE

Introducing ACRE’s new format – Two meetings in one

 

From 6:30 to 7:30

 

Finding Comparables- Determining ARV without the MLS

 

Unless you are a real estate agent, one of the most challenging tasks for a real estate investor is finding comparable sales for use in determining the After Repair Value(ARV) of a potential investment property.

 

Public websites are notoriously inaccurate, real estate agents will not work with you unless you are prequalified for a loan or have cash, and Tax assessment values should only be used to calculate the taxes you will pay. 

 

The ARV is one of the most important numbers in a Real Estate transaction and one of the most difficult to determine.

 

There are other methods for determining ARV if you know where to look.

 

Join us as Local Investor Bill Hook of Hooked Up Properties  (www.hookedupproperties.com) shares with his methods for determining ARV without the use of the MLS. The data is there.

 

Join us and learn where to look.

 

 

8 to 9:30

 

“Subject To” - The Good, the Bad and the Ugly

 

Buying a property “Subject To” the existing mortgage is a great way to obtain investment property with financing in place.

 

It is a useful tool that avoids all the hassles of sourcing financing and allows for a quick closing

 

It is a godsend for home owners in financial distress that would otherwise lose their home to foreclosure and destroy their credit

 

It can also be a dangerous if not done properly.

 

There are many different ideas on how to structure a “Subject To” transaction, A number of these ideas (including those taught by so called “gurus”) could potentially lead to the investor being sued by the homeowner or even worse, charged with fraud.

 

 We will take an in depth look at this investment method including:

 

·       Why a seller would consider selling to you “Subject To”

 

·       What you should say to a Seller who is considering selling “Subject To”

 

·       What you should do when closing the transaction

 

·       Why transferring the title without paying off the loan is not breaking the law.

 

·       Why  attempting to hide the transaction from the bank is breaking the law

 

·       Potential perils that exist if title transfer is not recorded

 

·       Why a title transfer does not automatically result in a loan being called due

 

·       Why the banks are not likely to call a loan due

 

·       Reasons that a loan might be called due

 

·       Why nothing the investor does can void the Banks right to call the loan due

 

·       What an investor should be prepared to do prior to entering into a “Subject To” transaction

 

·       Why anyone thinking of executing a "Subject To" transaction should seek the advice and counsel of an Attorney experienced in these types of transactions

 

Hope to see you there.

 

Additionally we will have

Networking with Vendors,

Networking with other Members,

Properties For Sale

Landlord Update

 

And as always, First time Guests and children under 18 can attend the meeting for free

 

Register in advance at www.acrepgh.org

 

Event Details
Event: Monthly Meeting - Two Meetings in One Members: Free
Where: Doubletree Hilton Greentree Non Members: Free
Address: n/a Meeting Place: At Event Location
Location Website: n/a Meeting Address: Same as Event Location
Meet Loc Website: n/a Meeting Time: 6:30 PM
Location Phone: n/a Parking Cost: $0.00
Start Date-Time: 03/02/2021 - 6:30 PM Reg. Deadline: 03/03/2021
* End Date-Time: 03/02/2021 - 9:30 PM PrePay Required: Due at Event

Event Leader:
Edward Benz
Contact Leader
     

Location (More Detail)
Event Location: Doubletree Hilton Greentree
Address: n/a


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