Property Management In Atlanta - Carla Barnes

http://www.youtube.com/watch?v=49wt3MS04zk

The Celebrating The Queens of our Communities Awards Ceremony will host a fundraising dinner and entertainment gala on Sunday, March 7, 2010 from 5 PM – 11 PM at the Historic Highland Inn & Ball Room in Atlanta, Georgia. Proceeds from the event will benefit programs to develop a supportive networking system for women entrepreneurs in America and abroad.

"These women we will honor have an above average entrepreneurial spirit, high ethics and community spirit, financial and management skill coupled with creativity and out of the box thinking," stated program director Carla Barnes. "The event is designed to ignite the fire and inspire a whole new generation of empowered woman across the country. This collaborative effort makes possible a unique informative Award Ceremony/Conference to the future of Women in Atlanta and beyond as we celebrate Women History’s Month."

"Celebrating the Queen’s in our Communities" includes a special tribute to top nominees. This will be followed by the awards ceremony. Celebrity guests are scheduled to perform in honor of the women. Additionally, two, dynamic motivational speakers that will host a skit which features women entrepreneurs from 1975 to the present time.

The program promises thought-provoking insights from prominent women leaders, as well as interactive dialogue with relevant subject matter, experts, and exhibitors.

"The public is invited to join us in supporting this important program with a sponsorship, or by purchasing tickets to this provocative event," stated Barnes. "The sponsorship opportunities are an excellent way to gain visibility for companies. 150 participants expected at our event. There will also be ample networking opportunities," she concluded.

Tickets are $20 - $50 each, and may be purchased online at http://queensofinternetradio.com/Events.aspx or by calling 678-548-9466.


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Company Contact Information
EOTM Radio & Media
Carla Barnes
289 Jonesboro Road
Suite 413
30253
Phone : 678-548-9466

email: event@queensofinternetradio.com

Tips and strategies for women who are beginners in real estate investing

There are women all over the country who would like to become real estate investors but many don't know how to start. Some lack knowledge; some, aware that they lack the necessary knowledge, in turn lack confidence. Where should women who want to get started investing in real estate begin?

The internet is a good place for them to turn.

Women who want to begin investing in real estate can learn some of the basics of investing in real estate by reading educational materials online, and they can develop a familiarity with the topic by reading about current events and trends in the real estate market.

Lack of knowledge is not the only thing that keeps some women from becoming real estate investors; fear is also a contributing factor. Many are afraid of losing money, they're afraid of not making the right decisions...and credit issues are also involved. In addition they don't know how to get started.

Real Estate Investment Clubs

Providing women with industry contacts and education, real estate investment clubs are a good place to start. I recommend that women interested in investing in real estate do a simple internet search for "real estate investing" to find local investment groups to start attending. EOTM just recently launched their new Investment Club geared towards providing newbie investors with resources and key skill sets with success as the end result.

Finding other women to network with can be very beneficial.

In addition to investment clubs specifically pertaining to real estate, I would strongly recommend looking for support from a general business perspective at NAPW, the National Association of Professional Women. They'll get a lot of support from a business owner's perspective and from women in their own area.

Networking

No matter what type of real estate or general investment clubs women seeking to become real estate investors choose to join, such groups can provide them with crucial opportunities for networking, education and support.

The greatest key is knowledge, and women new to real estate investing can benefit from being around other people who do invest to learn the process from those people.

Learning from and working with other women who are experienced real estate investors can also be a good way to gain confidence. Beginning investors should work with someone with experience in real estate investing—get your feet wet a little bit before you go out on your own.

At real estate investment clubs, there are real estate agents and other investors there for them to network with, there are lenders, there are contractors.

Everybody who's related to the real estate industry can be found right there...so they can form their own network there to get them ready for real estate investing. After joining a group, women should put a business plan, or a marketing plan, or a road map together—their checklist of things that they need to do in order to become successful.

Putting together a team of experts to work with when investing is smart. You have your financial team: your accountant, your attorney, a property manager if you're buying to hold property for the long term...people that can assist you and be part of your team so that when you go out to identify and find a deal, nothing is going to stand in the way if the deal makes sense. You've got your people, your money—all your ducks in a row.

If a woman does that, she's going to be very successful in real estate.

Strategies for Women

Considering the credit crunch underway across the country, combined with the potential recession, many women who are interested in becoming real estate investors hesitate because they are nervous about money. More precisely, they are worried about not having enough money to be able to invest in real estate.

I think some women feel that they need to have a lot of capital up front, or their credit may be bad and they don't think they can get started because of that, either.

Let's talk Money

Realistically, investors will need some money up front. It's going to take a little money to get started. One year ago an investor could buy a property with no money down and get it financed for 100 percent. With all the foreclosures going on across the country, that kind of put a thorn in that, and so now [real estate investors need] to come up with some money. Whether that's 10 percent or 20 percent, a lot of them just don't have it.

Fortunately, for women just starting out, there's a lot of different creative strategies, like lease options, that they could do to acquire a property.

Buying pre-foreclosures or foreclosures is another strategy that may suit women in particular well for a variety of reasons. While foreclosure properties tend to be more affordable, they typically must be purchased with cash up front. Pre-foreclosures would be a better option for people without a lot of cash on hand.

Another reason is that, because in many cases women are more nurturing than men, a woman may be able to talk with homeowners who are in pre-foreclosure and get them to let her purchase a house below market price compared to a man approaching them to do that.

The foreclosure market is a place in which many women investing in real estate could find their niche. I think women will play a major role in their commitment to revitalize areas hardest hit by foreclosures. Members of my group, have made a commitment to buying and rehabbing houses in these areas and then sharing equity with properties that they sell. And by doing this, homes become more affordable....We take a little less profit for it, but something has got to stimulate home sales again, particularly in these areas.

Such a strategy allows the investors to profit not just from the revitalization of a particular property, but from the revitalization of a particular area. Such dedication to a community can improve an area's economic outlook. This type of investment is well suited to women because a great advantage that women hold over men is compassion, and empathy.

Outlook

Women are relationship people, we're good at establishing a relationship, we're good at earning trust, and so people want to do business with us. It becomes a lot easier for us to develop a good reputation for delivering a quality product. This is a tremendous advantage for women, particularly when it comes to rehabbing property.

I would also recommend that women who lack experience with do-it-yourself home projects attend classes, such as those offered by hardware and home improvement stores, to learn the basics. Then, if someday they are looking at investing in a property that may require some work, they can make the right decisions about the deal. Do-it-yourself skills could be particularly useful for women who want to rehab properties.

Negotiating can be another important skill for women to concentrate on learning. Women should also learn better negotiation skills and take control.

I don’t think that women are at any inherent disadvantage when it comes to investing in real estate. I think the major disadvantage is probably internal. Women only feel that they lack the power and authority. They feel like they can't do it because investing is a male-dominated field.

Women investing in real estate are not less likely to be successful solely because they are women. It’s not that it's difficult; it's that women tend not to have the confidence, in my opinion. Somebody who's persistent and somebody who believes in themselves, whether male or female, will do just fine.

If you are seriously looking to tap into the Real Estate Investment arena don’t hesitate in contacting Carla Barnes of EOTM Real Estate Group today. 678-548-9466. Also feel free to visit our new Real Estate Investment Club.

Listen live to EOTM Real Estate Hot Talk - Call in & Share Knowledge with US! Because "WE is Greater than "I".

Carla Barnes of EOTM Properties explains how homeowners can turn their unsold properties into rental income. The nation's painful housing bust has put sellers in a serious lurch. To get their properties sold, many sellers will have to make sharp reductions to their asking prices --- a necessary evil that can rob the investment of its return. But Carla Barnes has a different idea. In her new infomercial, Can’t Sell Your Home, Rent it!

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Carla describes how homeowners can ride out the turbulent market by converting their homes into rental properties. Barnes outlined the benefits of renting, explained how homeowners can determine if it's right for them, and even offered advice on how to avoid lousy tenants.

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Watch the infomercial live now >>>

http://www.youtube.com/watch?v=kAdGxgGF_wI

What are the benefits of renting out your home if you can't sell it?....

There are many benefits, including the ability to ride out the market and potentially not lose money on a home. It generally isn't in a homeowner's best interest to sell at the bottom of a market—unless they have an unusual financial circumstance, such as immediate retirement or illness. Secondly, renting offers the ability to take a tax deduction if there is any rental loss. Moreover, renters have the ability to move back into the home. In other words, if you're not sure that you will like ..Texas.. and want to move there, you can always move back to your ....Georgia.... home if you don't like it.

When would it make the most sense for a homeowner who is unable to sell his home to rent it out?

If you are in the military, renting is a great option. Military personnel often have to move rapidly for deployment, but they cannot sell the home with 10 months' inventory on the books for any reasonable price. Secondly, if you need to move quickly to take a job but don't want to sell your home in a down market, renting is a great alternative. If your home isn't worth what you owe, you might be able to modify the loan to change the principle balance and rent it out to ride out the market.

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Feel free to contact Carla Barnes of EOTM Properties today for a free rental analysis of your most prized investment @ 678-548-9466

and visit and bookmark our website today >> www.eotmrealestategroup.com

How do you know if you are getting a good return on your real estate investment? Calculating the ROI on your investment property is critical to knowing how your investment is performing, or when comparing one investment to another.

In order to successfully decide whether a property is worth buying, an investor must run the numbers to calculate two types of returns: Cash-on-cash return on investment, and total return on investment.

Cash on Cash Return on Investment

The cash on cash return on investment is the before-tax cash flow (BTCF) divided by your initial cash investment. The formula looks like this:

Cash on Cash Return on Investment = BTCF / Initial Cash Investment

Your before-tax cash flow is calculated by subtracting your annual mortgage payment from your net operating income (NOI). The net operating income is simply the total income from the property minus the total expenses.

Let’s take a look at an example using a $150,000 income property purchased with a 20% down payment of $30,000. Let’s assume your mortgage of $120,000 is fixed for 30 years at a 7 percent interest rate.

Let’s assume your BTCF is $3,000 per year ($250 per month):

Cash on Cash ROI = $3,000 / $30,000 = 10.0%

Through the “magic” of leverage using financing to purchase your property, you have created a cash on cash ROI of 10%. This would be quite attractive to most investors in today’s market.

The cash on cash ROI is a good measure of a property’s first year financial performance. However, it does not include the additional benefits achieved through real estate such as the amortization of the mortgage and any future appreciation. The total return on investment addresses that.

Total Return on Investment

The total return on investment (TROI) provides a better and more complete measure of a property’s financial performance. That is because it factors in amortization and appreciation gained over time.

Total ROI = (BTCF + Net Sales Proceeds – Initial Cash Investment) / Initial Cash Investment

In order to calculate the total return on investment, one must project the BTCF for each year of expected ownership as well as the net sales proceeds from the sale of the property.

Let’s take our example above and assume that we plan to sell it in five years with an average annual appreciation rate of 4% per year. After five years our $150,000 property would be worth $182,498, and our mortgage balance would be $111,665. Let’s also assume that our selling expenses total 5% of the sales price, or $9,125.

Using the figures above, our net sales proceeds from the sale of the property in year five would be $61,708 ($182,498 – $111,665 – $9,125). Additionally, our before tax cash flow after five years would total $15,000 assuming no annual increase in rents or cash flow. Now our formula looks like this:

Total Return on Investment = ($15,000 + $61,708 – $30,000) / $30,000 = 156%

Note that some investors calculate their TROI using their after-tax cash flow (ATCF) instead of the BTCF. This can provide a deeper “bottom line” measure of the return on investment; however, it does not provide a good measure to compare one investment to another since tax liabilities will vary between individual investors. Calculating the TROI using ATCF is best suited for investor specific use.

By projecting a property’s future cash flows and appreciation, you can calculate the potential gains on your initial cash invested (down payment). Assuming the property is not declining in value, the TROI should increase in each successive year.

However, total return on investment can be a little shortsighted when used in isolation. This is because total return on investment does not measure of the property’s financial performance as it relates to its equity. For this we must calculate the property’s return on equity (ROE). Similar to the TROI, the return on equity calculation replaces the initial cash invested with the properties equity in a given year.

Please feel free to submit all mortgage and real estate related questions directly to me via email @ carla@eotmrealestategroup.com.

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ALL CASH DEALS

Ask about New Investment Properties Under $30,000!

Buying Real Estate With All Cash

In an up and down market there are those investors that will dig up opportunities regardless of the state of the economy. These types of individuals are known as the "Warren Buffets" of Real Estate. They understand that in the current climate banks are holding on to their cash with a wait and see attitude. Savvy investors are finding that buying with "All-cash" works as a viable strategy for acquiring residential and commercial bank owned properties. The investors with a wait and see attitude for institutional lending and financing are missing a great opportunity to buy while everything is on sale. Rock bottom prices in the residential and commercial markets in part have been driven down by the scarce availability of credit. Stop waiting and start taking advantage of the Investors Buyers Market in Atlanta. Contact Carla Barnes of EOTM to get started!

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