All Forum Posts by: Todd Mims

Atlanta REIA, GA REIA, and don't count out organizations like BOMA, IREM and local Chambers of Commerce's, if you can get in. I am back in school, so student memberships is a way for me to go. Start here in BP and build up an Atlanta network from ground up.

Detroit has technically been on the decline since the late 60's, so Detroit(ees) know what hard times are like and many will never ever move. Its still the 11th largest city and 5th largest metropolitan area in the country. There are plenty of people there that have and will pay their rent. If cashflow is your thing and you know a lot about the place or someone on the ground that knows, I mean really knows about the city. I can't see you being at a total loss. Its not big bucks to be made, but a steady stream income may work. As far as coming back, humm, the manufacturing mentality has to be lost and forgotten before they can go forward. Until that happens they're gonna be in a very tough position I believe.

I don't know the Peterson guy, but Todd Morgan was putting on some Private Money seminars and said he could get access to Private Money instantly (for the right price, of course) I never got in so I can't say what his credibiltity was, but I hadn't heard anything negative about him (yet).

If your investor wants a "paperless" trail thats fine for him, but for you it will not be good because you'll be dealing with seasoning issues with the bank/lenders or he can drop it into a bank and transfer it to you as a "gift" to beat the seasoning issues. The important guys (Federal Services) will always want to see some kind of paper trail. You won't have to worry about it hitting your account as taxable income because that portion of it wasn't income, it was a gift and as long as you can prove it then theres no taxation, thats why you're gonna want the trail.

Tom, where is that property located?

Rich, I know most of Texas is good for investing, but why do you think you are maintaining 100% occupancy? What are some contributing factors to that area

Title Company!!!

SEO (Search Engine Optimization) is the little tactics one uses to getting their websites to the top of search engines, more preferably google, since thats where "everybody" seems to look these day. Basically, blogging, forums, definitely articles like on ezine will help you get your name and website to the top of these engine. Thats not all, but those are mainly the ways to get to the top which takes a little bit of diligence and patience.

My website caters to buyers, sellers and investors. I know some say to get a website for each, I beg to differ. I would say in the digital age being in business without a website is a no-go, I don't care if you just have a barber shop. It will add to your creds and not too expensive.

Yes, cash flow is king until your PM get's jumped.

Really, does this really happen?...I grew up in Detroit (need I say more) and I didn't really know of this happening. I haven't lived there in a while or maybe I'm even out of touch, but is this something you guys really think keeps people or you guys from making money being worried about someone being jumped in a bad neighborhood? I learned from travelling the world, which applies in neighborhoods around the world, no matter where you go, don't look like you have too much money, blend in and don't be flashy and flamboyant in those areas. Pulling up in your new shiny S600 benz does not help your situation, don't want to get to far off track, but thats my opinion.

Yes, I would bring my deals here first and even have some of the "vets" comment on if you have a deal or not in their opinion, that is priceless having "real" investors opinions.