Monday, April 9
Keynote Speaker: Andy Heller
"Getting Rich in Today’s Market with Bank-Owned Foreclosures and ‘Rent-Smart’ Lease Options”
Andy Heller of Regular Riches: Real Estate Riches for Regular People
There are literally hundreds of wealth-building strategies available for real estate investors. Some are very lucrative and others are simply way too much work for the resulting profit. Fortune Magazine is arguably the leading magazine in North America today that teaches people how to make money. 'Regular Guy' Andy Heller will show you why, out of the hundreds of wealth-building formulas, Fortune Magazine recommended Andy Heller’s 'Buy Low, Rent Smart, Sell High' strategy among the top five recommended strategies for real estate investors.
Andy and his story will inspire and connect with you because it is a 'regular guy' get rich story. Like so many of us, Andy started investing part time, putting aside a few hours each week for his hobby. The lack of success of Andy and his partner Scott’s 'buy and flip' plans led them, literally by accident, to a goldmine called buy low, rent smart, sell high.
When Andy and Scott found buying properties from distressed sellers to be tedious, hard work, and depressing they discovered by accident a hidden gem in the foreclosure process…BANK OWNED REAL ESTATE. With bank-owned real estate, an investor is able to purchase MULTIPLE PROPERTIES from single sources, without emotions, and with clean and clear title.
When Andy and Scott were unable to flip their first investment home after 9 months on the market, they modified the typical lease/purchase deal to come up with their unique rent smart and sell high formula. Their SHORTEST lease is 3 years, and each of their tenants (gladly) accepts responsibility for repairs and maintenance. High turnover, nightmare tenants, and lengthy vacancies are non-issues when you 'rent smart'.
How profitable is their formula? The last home Andy and Scott sold required about 20 hours of effort, and netted a profit of $57,400. That is $2,870/hour. But don’t leave your day job just yet. Come hear Andy speak and he will cover:
- Why bank-owned properties may be the best SOURCE for investors who have limited cash and/or credit
- How to calculate the EXACT price you need to buy properties at in order to maximize your profits
- What types of properties you can buy from banks
- Why a MOTIVATED tenant is the key to landlording fortunes
- How the 'typical' lease options minimize, not maximize, an investor’s profits
- How to make a fortune in real estate AND help your tenants at the same time
- How to sell for top dollar WITHOUT paying real estate commissions
- Achieve your REGULAR RICHES: Real estate fortunes for regular people…without the hassles
Andy will explain why the 'Buy Low, Rent Smart, Sell High' strategy is specifically positioned to take advantage of two dominant characteristics of today’s real estate market. First, on the buying end, we are seeing record foreclosures, and the lucrative post-foreclosure market has been their favorite hunting ground for deals for close to 20 years. Secondly, on the marketing end, their unique lease/purchase strategy positions today’s investor to take advantage of a rapidly strengthening rental market.
Andy Heller is a nationally recognized real estate expert, and has been interviewed and prominently featured in respected publications including Kiplinger, WallStreetJournal.com, TheStreet.com, Personal Excellence, Money Magazine, and MarketWatch.com.
GaREIA's Monthly General Meeting is held
the 2nd Monday of every month
Crowne Plaza - Atlanta Perimeter NW, 6345 Powers Ferry Road, Atlanta GA 30339
Doors Open at 5:00 pm!
GaREIA Members attend free of charge!
Guest Fee is $25
ATLANTA HOME SHOW ATTENDEES who stopped by our GaREIA Booth received a complimentary guest pass to this month's meeting! Please either: register online and bring verification of your online registration, or bring the coupon you received at the Atlanta Home Show and register at the door.
See You on April 9th!