Sunday, May 24, 2015

This Week Tom Roe…

This week our special guest speaker, Republican Tom Roe, who is running against Democrat Steve McGraw for the Roanoke County Circuit Court Clerk.

Tom has been endorsed by Bob Goodlatte, Morgan Griffith, Greg Habeeb, Ralph Smith and many others. Tom is currently an attorney for the firm Spigle, Role, Massey & Clay and has been practicing law in the Roanoke Valley for 30 years.

The Clerk of Court is responsible for recording deeds and other real estate related documents, issuing marriage licenses, processing divorces and name changes, handling criminal, probate and estate matters and maintaining court records and other records as provided by law.

Last week the landscaping company was a no show so we talked about that very cool landlord master key deadbolt and discussed other topics such as how to profit from the 2016 expected housing crisis and stock market crash, etc. This week we will also have a group forum where we will talk about various subjects in the remaining time. I don’t expect it to be long with Mr. Roe so the majority of the time will be a forum. Bring your questions.

Come on out for a fun educational evening with like minded people.

We’ll see you there!

Monday, May 18, 2015

This Week Landscape Design

This week we will have the people from WDR Land Designs at our meeting. They will be there to talk about landscape design on your personal property or to create curb appeal for your flips or to increase the rental value of your property.

We’ll see you there!

Saturday, May 9, 2015

NOT FOR YOU! You have been voted to pay for it…

We need your help!

A couple weeks ago I put a message out to this group of 550 people that we really need help from the members and need you to show up at a city council meeting in support of us attempting to persuade the city council to not give themselves and the city employees another 4 million dollar raise by increasing taxes on the citizens.

Guess how many people showed up at the meeting? Out of 550 people that were asked for help…. 3 showed. Me and Roger who were asking and our buddy and former REI CEO Dan Cullather. THAT’S IT!

This will be the final meeting. The city council has increased the size of government in almost every area and they are giving themselves another huge raise. They just finished giving every single city employee a big raise. Now another. In a time where regular people aren’t getting raises. They are lucky if they even have a job. I don’t see this unlimited amount of wealth out there that the City Council can tap into whenever they want.

At the last meeting, the city council was under the impression that us 3 guys that keep complaining about everything aren’t an adequate representation of what the citizens want. There were several plants that they had there that were literally begging for higher taxes because they love this city and what they have done for it. 2 of them were begging to put all of the tax burden on small business. The council decided that there are more people that want taxes higher than want them to remain the same or drop.

It sure would be nice to be able to speak to the council and look into the crowd and ask how many people agree with what we’re saying. And a wave of people all stand up.

You don’t even have to talk. I understand that most people don’t like talking in front of groups of people. Or talking while they are currently being broadcast to a television show that is recorded. But Dan, Roger and myself aren’t shy. We will stick up for what’s best for investors in Roanoke. But we really do need a little support to look like we aren’t the only people who care.

I have been requested by several members in our organization to send out a reminder of the upcoming city council meeting that we need your help at. So here it is.

The meeting will be held at 2pm at the city council chambers. The last one was at 7pm so everyone easily could go. This one is at 2pm.

You know where the Roanoke City court house is? If you were standing in the road looking at the front door it’s the building to the right. That is the municipal building. You walk in the front door of that building and on the right is the Treasurer, in front of you is the Real Estate Tax office, And to the left is the Real Estate Valuation office with a set of elevators right next to it. Take that elevator up to the top 4th floor and you are at the city council chambers. It starts at 2pm, and if for some chance you wanted to say a few words you need to get there at least 15 minutes early to sign up to talk. If you change your mind and don’t want to you can always say I pass.

We hope to see you there!


Ronald Reagan Quote

"Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it." - Ronald Reagan

A Knock It Out Of The Park Meeting This Week At REI

Hello everyone,

We have a great meeting lined up for this Tuesday. We’re going to start off the meeting with a few minutes to Republican Harry Griego who is running in a primary against Republican incumbent house member Chris Head. We always invite both parties if one would like to speak so I will be sending a message to Chris to see if he want’s to come out and give a few minutes as well.

After that we’re doing something we never have done before. We’re going to have a meeting on tenant applications. I’m sure some very informative conversation will come out of this meeting. Please send a copy of your application to Andy Stowasser at What Andy is going to do is set up our varied applications on the new REI computer so we will be able to see them on the presentation screen.

This will allow everyone to see what information is important to other investors in deciding on a resident. Mine for example I call a garnishment application. I don’t personally care if a tenant smokes in my low income apartments or if they have pets. I see that as an additional revenue source. So I created mine so I can fit 3 people on 1 front and back printed sheet of paper. And it is primarily focused on obtaining information to determine income and garnishment possibilities.

I also wanted to make it clear that there will be an application fee and they will not get it back if we decide that they don’t qualify. And if they want to know why they are required to send a written notice to me requesting an answer.

Good stuff people! This is the kind of meeting that ends up drawing out some really interesting information.

We’ll see you there!

BTW, If you haven’t paid dues yet please do so. We really need to work on getting some funds together so we can start doing things. We need at least 60K to do something like getting involved with flipping properties of which we can hire our own members as contractors for the job. Or we can do training programs for fellow landlords on various aspects of rehab very similar to what Andy is doing right now with his personal flip he’s doing.

We are all volunteers and no one is getting paid anything. Dues are only $100. Not much to ask considering the massive amount of volunteer hours we put in to try to keep this thing going. If any of us decided ww have had enough of it the group could very easily and quickly dissipate and at that point landlords and investors are back on their own without this great resource there for you when you need it. You can bring your dues to the meeting OR the dues payment address is:

REI of Virginia
3959 Electric Rd Suite 110
Roanoke, VA 24018

Thank You!

Monday, May 4, 2015

Money For You!!!

This week we will have the most interesting topic of all. Money For You...

One of our favorite speakers, Jamie Bailey, will be talking about investor loans. Loans to grow your business and buy more property.

As you know, real estate investing is all about wisely leveraging other peoples money to make yourself wealthy over time. And in order to obtain financing, the deal has to be profitable for both you and those who you borrow from.

Jamie will be talking about conventional and investment financing and will answer all of your questions on what the banks like to see for investors and what currently can and can’t be done.

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