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Event ID: 258599   Event Status:  On Schedule
Super Saturday Training: "Condos, A Backdoor Approach To Multi-Family Investing", 9:30 am $$

Join GaREIA members and seasoned investors, Pam Storm, Rick Stolz, and Steve Laube for this Super Saturday Training Event!

What You Will Learn at the Event:

  • Why condos are as good an investment as apartments & single family homes, if not better!
  • What to look for in your due diligence
  • How to find great condos
  • The financing nuances of condos
  • How managing your condos can be super easy
  • Multiple exit strategies, most of which are not available to the multi-unit owner
  • Student condos and other niches
  • A new attitude toward investing in condos
  • Why are condos a better alternative than a "multi-family"?
  • The ins and outs of warrantable and "non-warrantable" condos
  • The importance of complex managers
  • Condo documents
  • Condo dues
  • The truth about condo appreciation
  • Detailed analysis/discussion of "low end" condo's, moderately priced condos, and condos for the student housing market
  • Where to find and fund condos - NOW!
  • Easy rehabs

Instructors will share the above and more with you:

  • Why one instructor's real estate portfolio has changed from single family to townhouses/condos; 2 bedroom vs 3 bedroom 
  • Who is your real estate agent? Closet agents or Agent's Eyes; certifications, i.e., HUD, etc.
  • Areas for prospecting: radius, schools, jobs
  • How to price an offer (CAP rate); offers on steroids; blind offer only?
  • What to expect from tenant after rehab and move in; lease terms
  • Condos in good times and bad times. Important - pricing for your offer. When do you make your money, when you purchase or sell it?

Registration Info

Early Registration thru October 12

GaREIA Members: $129; Non-members: $149

Late Registration after October 12

GaREIA Members: $149; Non-members: $169

Time / Location

9:30 am - 4 pm

GaREIA Headquarters, 4353 Tilly Mill Rd, Ste 130, Atlanta 30360

About the Instructors

Pam Storm

Pam Storm is the founder of Rent Marketplace. With 15+ years of tenant screening, software, and data and analytics experience, she has helped facilitate over 16 million tenant screening transactions.  Rent Marketplace is a GaREIA Business Associate member.

Pam enjoys real estate investing and managing her own rental properties.  Passionate about safe and affordable housing, she is in her 5th year of serving on the Atlanta Ronald McDonald House Board. 

Steve Laube

Education and Day Job

Steve Laube started life as a nerdy scientist with a BS in chemistry, obtaining several patents, writing a chapter in a chemistry book, and becoming the North American Technical Director of a 2 billion dollar chemical company. He received an MBA in finance from Case University in 1983, and, just before he retired in 2002, rather than consulting with a Certified Financial Planner, he took the CFP program at Oglethorper University and passed the national CFP boards (bar exam equivalent) in 2001, the hardest thing he has ever done academically.

Real Estate Investing

Steve's real estate investing started in 1979, with a brand new duplex in Kent, Ohio. This duplex opened his eyes to the world of student housing (by accident, who knew Kent State university was less than a mile away?). Steve quickly acquired two brick four family buildings and a single family home at Akron University, then moved to New England  a couple of years later with his “day job” and put his real estate interest on hold, selling the Akron properties for large profits. The profits from the two quads paid for three college educations for his kids.

Shortly after arriving in Georgia in 1992, Steve initially acquired about 2 dozen student condos in Clemson, SC as well as twelve non-student condos in Alpharetta, GA.  In 1997 he authored “Dormitory Dollars,” the first book ever written on how to invest in the student housing market. Including flips, Steve has held about 80 rental properties over his career, with 40-50 being the most he has held at one time.

The Move to "Passive Income"

Steve was able to “quit his day job” and just plain retire in 2002. He emphasizes... "my pension was $479/month, I did not have an annuity of any kind, and I was too young to take Social Security by seven years! I learned how to blend stock and RE income to live a very nice lifestyle."

After retiring, rather than getting seriously into real estate, the numbers told him to “cash out” in 2004/5, and he sold dozens of paid or near paid for condos and got very lazy. He continues to sell when the numbers tell him to, and sold his last two student condos in 2017, and one of his three beach houses in 2018. His portfolio now is down to 5 condos, and two 4 bedroom oceanfront homes. The beach properties are held in a partnership with his daughter, Lynne.


After about a decade of golfing, traveling, and enjoying his car obsession, Steve came back to GaREIA, driven by “boredom” and a desire to give back.  He has served on the GaREIA Board of Directors as Secretary and Treasurer. He currently is a co-leader of the Dealmakers Subgroup, an instructor in the GaREIA Fast Start and Buy & Hold Boot Camps, as well as the Coach for GaREIA's Mastering Passive Income Coaching Program. Steve's current interests are private money lending and retirement planning.

Rick Stolz

Rick Stolz attributes all his success in real estate to GaREIA. He says he would never have been able to achieve his results without it, including much less stress, buying activity, ease of management, vendor choices, etc.  Rick has been a member of GaREIA since 2013. He has purchased a total of 18 properties all cash, with the last 9 properties being in the townhouse style.

Rick is also the owner of an independent insurance agency in Norcross since 1980, and has been in the insurance business since 1974.

Date and Time
Start Date: 10/19/2019 Start Time: 9:30 AM
End Date: 10/19/2019 Approx. End Time: 4:00 PM
Registration Deadline: 10/19/2019 Meet Time: 9:30 AM
Event Leader
Jean Kramb, Executive Director
Contact Leader
Event Cost
Prepayment Required
Pricing Option Name Price Deadline
Early Registration Members thru Oct 12 $129.00 10/12/2019
Early Registration Guests thru Oct 12 $149.00 10/12/2019
Late Registration Members after Oct 12 $149.00 10/19/2019
Late Registration Guests after Oct 12 $169.00 10/19/2019
Location (More Detail)
Event Location: GaREIA Headquarters
Address: 4353 Tilly Mill Rd, Ste 130 , Atlanta , GA   30360
Directions: From I-285: Take PEACHTREE INDUSTRIAL BLVD/GA- 141 NORTH via EXIT 31B; Take the first exit toward TILLY MILL RD/GA PERIMETER COLLEGE. Turn RIGHT onto TILLY MILL RD. Go LEFT at first traffic light, into the HOME DEPOT parking lot. Facing HOME DEPOT, look for 2-story office building to your left, Tilly Mill Professional Center. GaREIA Headquarters is Ste 130. You may want to put Home Depot's address into your GPS: 4343 Tilly Mill Rd.
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4353 Tilly Mill Rd, Suite 130, Atlanta GA 30360  Phone: 770.451.8800     
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