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Newsletter – April 2018 Association events and meetings - knowledge, contacts and results AlamoREIA.org

Next Event at The Embassy Suites The next event date is the second Thursday of the month Event venue is the Embassy Suites (7750 Brairidge, located off Loop 410 and IH10.). Time 5:30 p.m.

The venue provides an outstanding pre-event dinner from 5:30 and Cash bar till close.

San Antonio’s Award Winning Real Estate Investors Association NOW with THE MARKET UP DATE Love the Alamo Real Estate Investor Association, award winner of the Community Service and Educational categories at the National Convention. So, who is the Alamo REIA? We are a group of like-minded individuals who meet several times a month to network, share information, exchange leads, contacts and yes, from time to time, even money, while helping each other learn more about the exciting and wonderful world of real estate investing.

Affordability Challenges to Homeownership As home sales have cooled, it seems that “affordability” has become a concern and focus for many institutions, consultants and real estate companies. On June 9th, Lawrence Yun, Chief Economist for the National Association of Realtors, joined Rosen Consulting Group and Berkeley Hass Real Estate to provide

information regarding the new white page report from RGC titled Hurdles to Homeownership: Understanding the Barriers. Adam DeSanctis, of National Association of Realtors blog, highlights the conclusion to the barriers as: • Post-Foreclosure Stress Disorder o There has been long-lasting psychological changes in financial decision-making for some of the 9 million homeowners who experienced foreclosure and the 8.7

million people who lost their jobs during the Great Recession. • Mortgage availability o Credit standards have not normalized following the recession. • Growing burden of student loan debt o Student loan debt makes it extremely difficult to save for a down payment, qualify for a mortgage and afford a mortgage payment, especially in expensive markets. • Single-family housing affordability

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The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

o Many markets are experiencing decaying affordability conditions because of soaring home prices and rents and a lack of singlefamily housing inventory. • Single-family housing supply shortages o An insufficient level of homebuilding has created a cumulative deficit of nearly 3.7 million new homes over the last eight years.

being slowly turned around and people would buy if the terms and prices were affordable. As a note investor you should recognize this as an opportunity to fill a void in the market place. Large supplies of homes are sitting vacant. These homes are not on the market for sale but rather are in idle position while the nonperforming loan works its way through the system. Once the nonperforming loan is acquired and the note holder repossesses the Yun gave a presentation June property, putting it on the sales 16th titled Affordability Challenges market with seller financing will lead to Homeownership. The to a quick sale. presentation provided informative Note investors have access to the information about equity, job inventory (supply) and the ability to growth, and overall supply and fill the void (demand) in the market demand. Following are some the highlights by offering attractive terms to potential buyers. from Yun’s presentation according to DeSanctis: NoteSchool will be presenting “Rich • Home equity has doubled Rewards in Note” to our group on since 2009. March 12th at The Embassy Suites, 5 • Job creation is far pm outpacing housing starts. • Home sales are at a decade high and would be higher if there were more supply. Why Ignore Profits in • There’s a mismatch the Note Business, between what’s for sale and what households can afford. When you are already in • Affordability challenges will it? remain because of low housing supply. (What Is A Note?) • Home prices up 5.0 percent. Conclusion Thinking through the above information should lead one to summarize that lack of supply and financing are holding the market back. On the positive side, more people are working, credit issues are

don’t know it. The note business is the financing side of the real estate business. Note Business in the Simplest Terms The note business is based upon the purchase, sale and assigning of two documents: the promissory note and the mortgage agreement. These two documents represent a promise to pay and a solution for nonpayment. Note = Promissory Note = IOU (I Owe You) Mortgage = Collateral Agreement = Foreclosure Agreement

When someone borrows money to purchase real estate, they have to sign an agreement to promise to pay it back. This agreement also outlines the terms of the payback. This written promise is not enough to get a loan. This promise must be backed by collateral of value, which is typically the real estate itself. The collateral agreement pre-authorizes the foreclosure of the property if the debt is not paid according to the promissory note. Move from the Paying End to the Receiving End of the Business So if you have ever borrowed money from a traditional lender, private or hard-money lender, or even a property seller, you have been in the “note business”! Well, you have Joseph Varnadore/NoteSchool been on the paying side of the note business. Why not get on the receiving end of the note business! Most real estate investors have In the receiving end of the note heard of the “Note Business” but many misunderstand it while others business, you can receive monthly cash flow without the headaches think that it is completely separate and liabilities of being a landlord, from the real estate business. The fact is, most real estate investors are lump sum cash payouts, or even end in the note business, and they just 2|P a g e

This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

up with the property at 30 to 40 cents on the dollar! Acquire Property or Cash Flow for Pennies on the Dollar Today’s inventory of both performing and non-performing notes is so massive that it doubles the number of foreclosures since 2008. This supply has prices for notes at historical lows but it will not last forever. Non-Performing When you buy a non-performing note on a vacant home, you will acquire a Deed in Lieu or foreclose and end up with the property. You are a real estate investor simply acquiring property in a different way. If you buy a non-performing note on an occupied property, you will either modify the loan to start receiving monthly cash flow, get a Deed in Lieu or foreclose. Performing When you purchase a performing note, you acquire long term, real estate backed, monthly cash flow. Today, these assets can be purchased for 60 cents on the dollar. That is an unbelievably good deal. No land lording, no hassles, just automatic monthly deposits into your account. Learn More Joseph Varnadore from NoteSchool will be presenting “Rich Rewards in Notes” to our group. You owe it to yourself to learn more about this huge opportunity in real estate.

AirBnB

More importantly, STR owners contribute substantial financial A few thoughts- Proposed City resources through payment of City Ordinance Concerning Short Term Hotel Taxes. Curbing this Rentals investment through restricting or prohibiting STRs only deprives San The Alamo Antonio of a lucrative source of tax Real Estate revenue and may slow the Investors upgrading of the neighborhoods. Association, a According to The Rivard Report, strong STRs generated over $2.37m in member driven organization focused revenue in February alone. These on educating and supporting real tax dollars are more evenly estate investing in and around San distributed, allowing tourist traffic Antonio. Members are asked to talk to be disbursed among the City with any people of influence about neighborhoods resulting in dollars the proposed legislation. being spent at a more micro level. Smaller restaurants, stores, and Here are some thoughts. entertainment venues experience the positive economic benefit as Part of the investment activities tourist dollars are pulled out of our members get involved in include downtown where they benefit holding property for use as a Shortmostly large, national chains. Term Rental (STR). “We are reaching out to communicate our support for allowing Short-Term Rentals (STR) to continue in San Antonio, and throughout Texas. Many of our investors are active and successful STR property owners who have invested valuable dollars into neighborhoods through acquisition, rehab, and maintenance of these homes. Through their activities, investors increase property values. They take on substantial risk when they deploy investment dollars in neighborhoods that are otherwise shunned, such as Dignowity Hill, Denver Heights and Highland Park. Investors create jobs by utilizing local contractors, vendors, and suppliers.

There should also be consideration for the possible effects on the local real estate market if STRs are restricted or prohibited, especially Type 2. Investors may opt to immediately sell as opposed to convert into a long-term rental due to low returns, lack of interest in dealing with tenants, or any number of reasons. This could possibly flood the market with available housing stock, thereby possibly stalling the local real estate market. This is exactly what is happening in New Orleans as the result of the restrictive STR ordinances enacted in 2017. http://www.nola.com/politics/index .ssf/2018/03/french_quarter_rental _properti.html

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This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

We encourage the City of San Antonio to embrace the concept of STRs with reasonable regulations that provide a safe environment for Investors to continue viewing San Antonio as a stellar place to build, renovate and bring innovative now

Musings from the office – 1

Guilt? Thanks to MrLandlord.com Whenever potential guilt about rentals is involved, I ask myself 1 question: whom does lost income from rent impact? Me, my family, my spouse, my kids, the charities I support, the causes I care about, etc. A few things to think about... Bill Gates will not give me a free copy of Microsoft Office, and he's a multi-billionaire. The late Sam Walton would still expect me to pay for a toothbrush from his store if I walked into a Wal-Mart and put it into my shopping cart, and he was a multibillionaire.

ideas to fruition. We encourage inspections that provide a safe environment for guests, while not being burdensome and expensive for STR owners. We support mandatory payment of City Hotel Taxes, and implementation of job, etc. See, that's not their business. Now if they chose, out of the generosity of their hearts, to donate something to me then that too is their business. It's not an obligation; it's not an expectation. Generosity is a gift freely given by a heart moved to give. In contrast, with business there is an expectation and an obligation when someone takes a valuable good/service (i.e. rent/housing/roof over the head). She agreed to pay. You agreed to provide a house. That is the obligation and expectation. Your lease says: "Rent of $ X is due on the first of each month and a late fee of $65 applies if not paid on time." Your lease does NOT say: "Rent of $ X is due on the first of each month and a late fee of $65 applies if not paid on time, unless X, Y, or Z happens and my tenant finds herself short of money." Anything more we need to discuss? Signed,

The late Truett Cathy, a Christian man of amazing character and worth S i d, the heartFUL land lord. over $4.5 billion would still expect me to pay for a Chik-fil-A sandwich if I chose to walk into his store and eat Musings from the office – 2 it. Reprint None of these multi-billionaires will ask me how my life is going, if my spouse/kids are sick, if I just lost my

I was at a meeting in far away listening to a well nationally know

reasonable density requirements that ensure the character of residential neighborhoods remain. .

speaker, who charges $200+ for a three-hour workshop. There were over 600 people, there. All searching for the magic elixir on how to be better at or solve a personal; problem. It struck me as a live performance of a Ann Landers advice column. It got me to a thinking. Why is it those among us who seems to be telling us what to do, how to live, who to make money or whatever, do not need the advice, they give the advice. Why is that? My conclusion, they often have clear vision of who they are and what they want. The Pandora’s box is open. It’s about more than goals, it more to do with vision and the ability to communicate this vision. Think of the most successful person you know, then the second and the third. They inevitably have one thing in common, vision. How do we develop a vision for life, ah, that is the question? Musings from the office – 3 I had finished rehabbing a wonderful almost historic home with hardwood floors. My contractor called in his cleaning lady and they proceeded to clean I

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This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

arrived just as they are completing the job and was horrified to discover that his, “professional cleaning lady” had been mopping the beautiful ancient hardwood floors with a wet mop. Not a damp mop or cloth.

did very little to change the look of the rental. What he did change was the the type of resident he went after, and how he marketed the rental. Al describes below a little of what I'm referring to.

You don’t need to be that clever to realize that water and ancient wood don’t go together.

Common Residents vs Niche Residents

The contractor, seemed quite nonchalant about the whole thing. A few days later I was back at the house and they had been cleaning out the kitchen area and I discovered yet again that there’d been mopping the floors with water and the mop. This time course things didn’t become heated, but I made a very quick decision. This is absolutely the last job this contractor will be awarded. Nobody needs warped wooden floors.

Let's compare Craigslist residents to niche residents. Traditional landlords cater to regular people that I call Craigslist people. These people want to lease an unfurnished home for one-year or more. And there's nothing wrong with Craigslist people. If you want to fill your vacancy fast, you can always try serving Craigslist people. The business practice often works. However, since I'm aiming for megaprofits, I'm not considering Craigslist people. They have plenty of traditional landlords to serve them.

stop going after Craigslist residents. You need to reach out and retain NICHE customers who're willing and able to pay you more. In the long run, you will actually find yourself doing less to make a whole lot more. Editor's note: Al shared a video with me to help really drive home his point that it is NOT about the type of rental property you have that can make the difference in whether or not you receive $200 in cash flow each month or $1,000 cash flow. It's about the type of resident you are going after. Click now to view the video.

The Focus Groups The major part of our award winning Educational Program

The focus groups have When confronted with the come into their possible bill for the replacement of Because of the abundance of own. They are all the wooden floors the contractor landlords serving them, Craigslist groups for pleaded total poverty. people pay the least. The abundance Woman, Buy and Hold Strategies, of traditional rentals is one of the Flipping for Profit/Cash Flow and reasons why traditional landlording Multifamily/Commercial. The big is the least profitable way to TWO TYPES OF RESIDENTS deal is this, there is an educational operate. FOR YOUR RENTALS happening every week run by enthusiastic members of the If you want higher profits... My friend Al Williamson used to Association. The members are go after your average "Craigslist" actually at the coal face doing deals. If you're interested in earning residents for one of his two bedroom It’s an unprecedented time to learn. above average profits, you'll need to rentals in a C Class California Oh, there is no charge to our steer away from Craigslist people neighborhood. In 2014 he would rent members don’t pay to attend any and market to Niche Residents. I will the property for $990. Now he's one of the focus groups. share specific examples in later changed the resident that he goes This group of programs is Updates with Jeffrey Taylor, senior after and how he rents the property. recognized by National REIA as the editor of Mr. Landlord. Here's the Al now receives $1779 a month for gold standard and thus AlamoREIA key point I want to share with you the SAME rental. The thing I want has won the educational award by now: If you want to make more, you to really make note of is that he Supply and demand laws at work...

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This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

vote of its peers – to further any investment strategy, get involved.

W.I.R.E-Woman in Real Estate The National Award winning group The Alamo W.I.R.E Home Depot Series: New and Seasonal Real Estate Investors gather to discuss/share ideas and talk war stories about electricital, plumbing, paint, sheetrock, foundation and hardware……. Join us! 25 seats ONLY. Register www.AlamoREIA.org. Why attend? Historically women have not been afforded the mechanical skills little boys learn instinctively when they are young. Don’t be intimidated, it is easy and woman have the chance to learn and make sure to not be ripped off by some wayward contractor. Here is a heap of new product out there to make rehabbing easier quicker and

aesthetically pleasing. This focus group showcases these. Date: - Third Wednesday of the month Buy and Hold Strategies Group $10 for nonmembers By and Hold, Landlords, Notes, Subject to, Purchase Owner Finance, Tax, sell and other strategies to boost your investment abilities. Bring your deals and wants. Great speakers, super networking. Come early for good seats. Why attend? It is imperative produce a steady annuity income, referred to as post box money, so we can retire in comfort. This group will show you how to use the keys. Date: - Fourth Monday of the month

Staging and Design this week. Learn and discuss the wonderful world of Flipping Houses! Join us, network with active seasoned investors who share many aspects of the terrific revenue builder. Panels and guest speakers always. New and seasoned investors are welcome. Why attend? The quickest way to augment your cash is to sell a rehabilitated house. Massive cash injections are always welcome and in many cases needed. House flippers can make more than someone’s annual salary with just one transaction. Dates: – First Monday of the month

House Flippers Focus Group

The question to ask any organization in the Real Estate Market, “What are you doing for your community?”

Need a full color print edition of the Only World Famous AlamoREIA Newsletter. Ask Jay and back order old issues or pre-order upcoming editions. Just $6.00 a copy. We can now publish full color quarter, 1/3 page and full-page advertisements at very competitive rates. Contact the editor at EditorAlamoREIA@aol.com

Welcome Vendors Esther Fienberg Vendor member I am your partner when buying investment property. A Farmers policy will protect your investment from loss or damage. We can easily convert from a vacant to a tenant or owner occupied policy. I will meet your insurance needs quickly and efficiently. Also asked me about General Commercial Liability, Workmen’s Comp., Errors and Omissions and Business Life. Personal Lines available, Homeowners Auto and Life policies. See my display ad.

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This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

Rex Report: Rex Report is devoted to helping people identify foreclosure investment opportunities in Texas. We achieve this with foreclosure reports of great timeliness, accuracy and thoroughness, and through our acclaimed workshops. Rex Report has been a dependable friend of foreclosure investors since 1986, when it was known as Real Estate Foreclosures. For 32 years we have never failed to publish our reports. For those who have not collected your very own hard copy of the AlamoREIA Welcome Package, please see Ray at the back office at the next meeting and ask for a copy.

National Sponsors

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This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

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This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

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This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

AlamoREIA won the award “Award for Excellence” this year. It is a big deal.

Pix from events From the “How to Find Deals”

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This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

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This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

12 | P a g e

This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

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This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

Volunteers Dinner at la Cantera – It was a dinner to remember.

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This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

Then the recognition awards-

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This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

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This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

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This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

Focus Group Pix

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This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

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This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

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This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

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This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

Some Vendor pix

Vendor Director - Patrick

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This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

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This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

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This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

Why AlamoREIA? We are a community of likeminded new and seasoned real estate investors from the San Antonio region. We meet several times a month to network, share information, leads, contacts and yes, even money while helping each other learn more about the world of real estate investment. No other offers more. Oh, yes, we are nationally recognized, award winning and the only chapter of the National Real Estate Investors Association in San Antonio. That link alone, with its educational knowledge base, contacts and member accessible discounts, makes membership worthwhile. www.nationalREIA.com Other benefits: ➢ ➢ ➢ ➢ ➢ ➢

Local contact with the very best and successful real estate professionals. Structured networking. Regular market reports. Meet the finest real estate trainers in the country Find partners to one or more deals while learning. Easy to find sources for your real estate funding.

WE ARE ON FACEBOOK AND MEETUP.COM! Use the resource it for you to do deals. Looking for a place to post deals, find deals, ask about contractor referrals, ask real estate investing advice, etc.? You now have a place to communicate with your fellow members online! Join the group now, it’s FREE and part of being a member! 25 | P a g e

This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

www.facebook.com/alamoreia and www.meetup.com/alamoreia

Support our vendor members. Lydia Herrera 141 Danube Ste 102 San Antonio, TX 78213 Call: 210-447-9129

Lydia@CentralTexasFunding.com www.CentralTexasFunding.com

Longhorn III Investments – Hard Money Loans 13750 San Pedro Ave, Suite 810 San Antonio, TX 78232 T: 877.420.7346 -: - M: 210/788.3379 Contact: Jade Florez jflorez@longhorninvestments.com www.longhorninvestments.com

Greg Stanely Phone : (210) 733-4262 We are available for calls Monday - Friday 12:00pm 6:00pm E-mail : gstanley@flash.net https://www.rexreport.com.l Elite Star Inspections 210 719 1282

www.elitestarinspections.com Best Investor friendly inspectors.

Call Jenny May Olsen

(210)705-2304 Alamo Lawn & Landscape Recovery “Has your lawn gotten away from you? Let us RECOVER it!” Call 210 689 6289 Cell 210 605 3280 Alamolawn73@gmail.com

New Western Acquisitions – NW clients focus the majority of their efforts on rehabbing, then reselling or building rental property portfolios. Call Carlos Garcia: - 210 710 1415 Carlos.Garcia@newwestern.com www.NewWestern.com

Angela Marrero Longoria

Profit Realty - Focused on helping you make money with buying & selling rentals, commercial or income producing businesses. - www.ProfitRealty.com Call: - 210-504-4410 Info@ProfitRealty.com

Caerus Home Solutions 9822 Colonnade Blvd, Ste 4, San Antonio, TX 78230 Office: 210-202 0754 Cell: 210 663 0243 amarrero@ctot.com

Call Bobby Thomas 210 632 0543 We are an asset based HML asset headquartered in San Antonio providing financial solutions to our investor clients in residential and commercial real estate

Esther Fienberg 210/503.9588 Licensed with Jaime Garcia Agency

esther.jgarcia@farmersagent.com 4952 Windsor Hill, Ste 120, Windcrest TX 78239

Hard Money Lender Direct # 210 303 2425

Jodi Goike Jodi@investmarkmortgage.com

Call DeWitte of Shelly on 210 979 9287

Call Steve at 469.386.1061

www.MLSDealFinder.com 26 | P a g e

This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

Need to advertise our business? Members are entitled to a free two line classified ad in our future issues of our Newsletter – cutoff date for all submissions – 15th of each month – publishing date 20th of the month. As a member we are entitled to discounts and/or cash rewards at Home Depot, Office Depot/Office Max. Do not forget to register. This is our association working for us.

Paint Program The new National Paint Program for all National REIA Members is very simple. You will receive 20% off Interior and Exterior Paints and Primers including all the Home Depot quality paints - Behr, Kilz, Glidden & Zinsser! All you have to do is key in the number you used to register in Pro XTRA at the checkout to take advantage of the savings. Other valuable benefits of the paint program include a PRO Paint Specialist in every store to help with your paint projects and free job site deliveries on all orders over 25 gallons. To check your registered phone number log into your Pro Xtra account here.

Insurance program The National REIA Insurance offering through our Real Protect program with Norton Insurance was built specifically to address the unique needs of the independent real estate investor. Norton helps you to provide a wide array of products including coverage for properties being rehabbed, vacant and occupied rental properties, retail or office space and even those just bought at the courthouse steps! Members get FREE QUOTES and an advisor to help find the best insurance solution for all real estate needs.

Instant background checks merely compare first and last names with dates of birth to previously compiled databases. Those databases are made of formerly congregated court records and rarely collect any eviction information. In addition, most instant products only update and add records a few times per year! In other words, they are unverified, out-of-date, and unreliable.

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This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

One-Stop Shopping From both a product and a service perspective, The Home Depot helps investors keep their properties in top shape. By: Scott Matthews, Director of Strategic Accounts, The Home Depot For investors and property owners, the clock is always ticking. When a resident’s refrigerator breaks, it needs to be fixed or replaced ASAP. And when residents move out, units need to be painted, cleaned, repaired and maybe updated — often in a matter of days. Having a go-to partner for the spectrum of maintenance needs is critical. With its national footprint and partnerships with several e-procurement platforms, The Home Depot meets investors’ product and service needs in a cost- and time-efficient manner. Here’s how: Wide variety of products in one place. The Home Depot offers the products that investors and managers need, when they need them. Paint, flooring, lighting, countertops, appliances, cleaning supplies and much more are available online, directly from the local store or via special order. This huge selection is generally available for same-day pickup or next-day delivery, so no time is lost. Scott Matthews, director of strategic accounts at The Home Depot, notes that the company’s appliance program is increasingly popular with investors and managers. “We’re able to supply investors with the solution that takes care of one turn or a rehab of 300 units,” Matthews says. “We can supply that scalable to their level.” Service and maintenance options. The Home Depot isn’t just the solution for property managers’ product needs; it also offers installation and other helpful services. Specifically, The Home Depot offers maintenance and replacement plans for HVAC systems and water heaters, an installation program for flooring, and a complete appliance program that covers installation and disposal of the old appliances. In addition, The Home Depot can determine if an appliance qualifies for a rebate from the National REIA members,” Matthews says. In addition, The Home Depot can provide dedicated account support, making it easier for customers to fulfill and track their orders. “We have everything under one contract,” Matthews says. “That makes it really efficient.”

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This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

Notice Did you know? Your Home Depot Pro account allows your contractor to order products. The ProDesk will text you a message asking for authorization. You can view the order before authorizing. To authorize you simply press the 1 and press send. To decline press 2. You do not have to give your credit card information to an anonymous person. It’s proved to be a huge timesaver and increases security. Five ways Alamo Real Estate Investors Association pays for itself 1.

Home Depot 2% rebate. Shop at the Home Depot? Get a minimum of $50 a year off your Home Depot purchases with your Alamo membership. You don't have to apply for a credit card either! Just register the card/s you already use and Home Depot will send you a check twice a year. Now with 20% off your one gallon or more on paint purchases

2.

Free shopping savings. Save as much as 20% off paint Behr paint and paint sundries, 20% off your Rentals.com listings and 20% off your Constant Contact membership. There's always a discount available to you at OfficeMax/Office Depot.

3.

The National REIA business builder provides.... All the tools you need to run and market your real estate business including website, hosting, property management automation, lead generation, foreclosure tracking, squeeze pages, all deeply discounted for membership... All of which is needed and a requirement to start your real estate business.

4.

RealProtect –Insurance for the Real Estate Investor. An insurance program specifically designed with the one-four family dwelling real estate investing mind. With you own one home or thousands, RealProtect can and will help you reduce your insurance costs and properly manage your risk.

5.

Quick start hardcopy booklet. This is a homebrewed simple quick easy “how to” manual proven to be successful in our local market. This is a package that is now included as part of your membership. Joining Alamo REIA is a no-brainer

Did you know it’s now possible to sign up for meetings and all the goodies linked with your Association via the Internet? Pre-register for events, functions and meetings, even guests can do it!

Just log into www.AlamoREIA.org.

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This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

Membership has its benefits: Attend all monthly meetings on the second Thursday of the month. Attendance to all the focus group meetings (woman’s investor group, seller financing, fix and flip, buy and hold, multifamily/commercial) Network with vendors and other AlamoREIA investors to locate the services and information you need to grow your real estate business Receive discounts on Education, Workshops, Training for Beginners, Intermediate and Advanced Investors Discounts when purchasing from many vendors such as Home Depot, Office Depot, Investment Property Insurance and even health insurance Stay on the cutting edge with technology and information A Professional (personal - your business) real estate website Easy access to many members who are happy to share much of the documentation which they use

Why Would a Seasoned Real Estate Investor Need to be in the Mortgage Backed Note Business? As a seasoned real estate investor, you understand that you make your money when you buy and that is why you need to buy at a discount. The most common “discount buying” strategies are: • • •

Short sale Foreclosure sale REO property

• •

Tax deed sale Probate sale

You, of course, realize the profit from your discount buy when you apply your pre-planned exit strategy. The most common exit strategies are: • •

Wholesale Retail (fix and resell)

• •

Fix and Rent Lease Option

New government regulations have forever changed today’s real estate market. The repeal of the Glass-Steagall Act, and the implementation of the Dodd-Frank and SAFE Acts have forced lenders, buyers and investors to adjust. To simply continue to pursue the above discount buying strategies and exit strategies will severely limit your investment opportunity and profit margins. These adjustments have created both problems and opportunities. The problems the seasoned investor faces are: • • •

Lack of inventory Rising prices Increased competition

• •

Falling profit margins Increased landlord issues

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This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

The opportunities that have been created are primarily in the finance side of the real estate business. The finance side of the business is the note industry. This is an opportunity that the seasoned investor can easily add to their current skill set because the investment philosophy is the same: buy at a discount with a pre-planned exit strategy. The opportunity of adding this part of the real estate industry to your existing business is: • • • • •

Record high national inventory Up to 70% discount buys Way less competition Huge returns on investment No landlord issues

• • • •

Dodd-Frank exemptions Government funds can pay you Passive income streams Lump sum payouts

Take a look at this case study that will yield our very seasoned REO specialist student 322% in one year, on one deal! Our student purchased an $85,725 non-preforming note for $10,862. Now that’s a discount. In addition he had to pay off some other liens, which totaled about $1500. Since the owner was still living in the property and wanted to stay, our student modified the $85,725, 8.84% loan to a $52,000, 7.75% loan. This reduced the property owner’s payment from $617 per month to $358 per month. As a part of this debt reduction and loan modification, they applied to the hardest hit funds. In exchange for forgiving debt and modifying loans, these special funds pay up to a certain amount back to the lender. In this case, our student is receiving a check for $30,000 from the state! The raw numbers: • Paid out $12, 362 • Received $30,000 plus a $2000 reinstatement fee • Will also receive $358 per month for 30 years By the way, this investor purchased 30 deals in his first year with us. Joseph Varnadore, NoteSchool

Last thought Are you ready to grow your monthly cash flow to $5,000 - $10,000? • • • • •

Learn what is happening in the local marketplace. Great opportunity to ask for properties or present yours for sale. Find lenders, and partners! We have our local experts that will stop by and give free tips. How to NET $5,000-$15,000 per month from each house. 31 | P a g e

This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

• Learn from your fellow members. Your future awaits. TAKE ACTION NOW! Where: Embassy Suites- 7750 Briaridge Drive - San Antonio, Texas 78230

Every second Thursday of every month Mold remediation. From eHow, easy and cheap method, plus environmentally friendly

Take one cup of vodka, one cup of distilled water, 10 drops of lavender and 10 drops of lemon essential oil. Mix in a spray bottle. Treat affected area and wipe clean after 15 minutes. No harsh chemical and the room will smell like new! – Editor AlamoREIA

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This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

33 | P a g e

This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

34 | P a g e

This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

35 | P a g e

This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

36 | P a g e

This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

37 | P a g e

This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA


The only San Antonio chapter of NATIONAL REIA - a community of 46,000 investor members nationwide.

Support our vendor members Apex Capital

Asset Based Lender

Bobby Thomas

(210) 632-0543

Caerus Home Solutions

Title Company

Angela Marrero Longoria

(210) 663-0243

Junk King

Clearing junk Out

DeWitte and Shelly

210 979 9287

MLS Deal Finders

Find the deal of the year, weekly

Steve Llang, Juan Carlos

469 386 1061

Elite Star Inspection

Property Inspection

Joe Zaragoza

(210) 719.1282

Farmers Insurance

Insurance

Esther Feinberg

(210) 503-9588

Guerrero CPA, Inc

CPA Services

Ed Guerrero

(210) 490-7100

Home Depot

Materials & Supplies

Ted Eickelbrg

Investmark Mortgage

Hard Money Lender

Jodi Goike

(210) 303-2425

Central Texas Funding

Private Money

Lydia Rodriquez

(210) 447-9129

LegalShield

Legal Professionals

Jenny-May Olson

(210) 705 2304

Longhorn Investment

Hard Money Lender

Jade Florez

(210) 788-3379

RexReport

Foreclosure lists

Greg Stanely

210 733 4262

New Western Acquisition

Property Buyers/Sellers

Carlos

(210) 298-8838

HAPPINESS you’re at the end of this month’s newsletter. What’s on the horizon? Next month’s newsletter filled with super-duper tips, ideas and stuff! It is a brilliant day. Use it, work hard and above all, have fun.

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This Newsletter is produced by the Alamo Real Estate Investors Association The Association does not purport to offer legal advice and you are encouraged to consult with an attorney about legal matters related to property transactions.

Ideas only from Alamo REIA

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