We usually meet the   Third Week   of each month to learn and share together around the theme of business with a purpose in real estate transformation. 
Who:  Mortgage brokers, real estate agents, investors, rehabbers, contractors, homeowners, would-be homeowners, land developers,  and social activists with a passion to reclaim inner city distressed properties. Or come to network and meet new people that want to know you.

Our partnering real estate group in eastern Alabama:  Alabama Real Estate Investors' Association

Bring questions and current deals that need help.  Maybe together we can find solutions.  Build your own team or mastermind group to help you work faster and smarter, not harder.

Bring business cards to share, and be prepared to share a brief (that means short!) summary of your main interests and what types of deals or partners you are seeking.

Next Meeting.              5:30pm.  NorthPointe Church of Christ.  4050 Fairground Road, Montgomery AL.

 August 19, 2008.  Cynthia Davis, of American Home Shield, will be presenting a Free Seminar on Home Warranties, and how to protect appliances and systems in your house, home, apartment, office, etc.  Details Here.

 Previous Meetings & Other Events:

Tuesday, June 13, 2008.  Beverly Toodle, Assistant Director of Section 8 Housing in Montgomery,  presented a seminar on  Section 8 Housing and Investing.
The Section 8 program provides assistance for low income families in the private rental market through the Housing Assistance Payments Program.  Rental Voucher Holders will select a unit to live in from the private rental market.  Rental Assistance makes market rate housing affordable.  Program participants normally pay no more than 30% of monthly adjusted income towards rent and utilities.  The Housing Assistance Payment subsidizes the balance of the rent to the property owner.

Kemper Davis of Montgomery Metro Realty explained in detail the foreclosure process.  From his decades of experience we learned when and how to work within the narrow limits of foreclosure participation set by lenders.  Excellent presentation and guided discussion. 

  Jim Edwards, of  Balch & Bingham law firm,  presented legal structures and entities for real estate asset protection, based on more than twenty years of real estate law practice in Alabama. This is a very important topic  for owners and managers from loss of personal assets due to suit against business assets. The most common forms of legal entities for real estate asset protection are Limited Liability Corporations (LLC) and Real Estate Trusts.  The LLC can give excellent liability protection as well as tax benefits if structured correctly.

Jane Ferguson, Minister of Community Ministries at First Baptist Church, Montgomery,  is buying up derelict crack houses in the crime center of Montgomery (Chisolm Community)  and using "mission teams" from other churches to rehab them.  The houses can then be used as half-way houses for released prison inmates who are in vocational training programs and are showing good character development, or for community service workers contributing to social welfare in that community.

Investors were challenged to join her in revitalizing the inner city.
Another fun relationship was a young student/investor/rehabber from Tuskegee that connected to an elderly real estate broker who worked in Tuskekee in the past and has lots of contacts there and knows how to work the system to get things done, and offered to help the young man work faster and smarter.  Success!!

http://www.AIAclub.com   Birmingham AIA.    Monthly meetings, Noon on the Third Tuesday of each month.
816 Oak Grove Rd Homewood AL 35209 
Noted Speaker/Real Estate Investor Andy Heller covered 3 topics in this one afternoon and evening. 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,Money Magazine, and MarketWatch.com. Andy speaks and teaches real estate workshops nationwide.  The 3 topics covered included:
1. How to Calculate a Properties Maximum Purchase Price
2. How to Reach, Evaluate and Select the Best Possible Tenant for Your Property
3. Buy Low, Rent Smart, Sell High

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Associated Investors of Alabama:  Real Estate Investors in Birmingham and central Alabama

Georgia Real Estate Investors Association (GaREIA) is a great source of information and inspiration for real estate investors.