How will your property that you "Short-Sold" REALLY effect your next tax return?

Have questions about 1031 Exchanges?

Want to build your IRA ...and use it to fund your real estate deals?

Not sure whether you should incorporate as a C-Corp, S- Corp or LLC?

                               The Charleston Real Estate Investors Association
will host Former IRS Treasury Agent, Michael Hale, EA,
at their May Meeting on Thursday, May 6th, 2010
at 5:30 PM at The North Charleston Inn,
2934 W. Montague Ave. N. Charleston, S.C.

Michael teaches investors and small business owners
how to to avoid paying tax on the gain from the sale
of investment property and the six basic requirements
for a 1031 exchange.

Anyone looking to learn more about 1031 exchanges,
Self Directed IRA's or corporate entities should attend
this meeting.

This is an "open" meeting.

Member Registration begins at 5:30 pm.

Guests are welcome. ($20 at the door)

RSVP to Charlestonreia@gmail.com" or
call 843-200-5617

Ever wanted to change your life but didn't know how?

Ever played a game that changed your financial destiny?

Robert Kiyosaki, the New York Times best -selling author
of Rich Dad/Poor Dad, and Increase Your Financial IQ, has.
He invented the game-CASHFLOW 101.

Why?

Because he wanted to teach every-day people how to think differently about their money and show them it was possible to get out of the "Rat Race." How? By playing a game that
simulated investing-all kinds of investing.

To what end?

To change people's financial destiny and help them discover that passive-residual income is the secret to financial freedom.

Playing the game CASHFLOW 101 is designed to stimulate your mind and simulate the act of investing in a fun yet educational environment that is guaranteed to challenge your perceptions about money and illuminate your financial IQ.

Are you ready for such a challenge?

Then join the Charleston Real Estate Investors Association
who sponsor the largest CASHFLOW game in South Carolina,
as they set the stage to help players elevate their financial IQ.

For those unfamiliar with this Association, Charleston Real Estate
Investors Association Club has been hosting monthly CASHFLOW
games for almost two years in Charleston, SC.

Their mission?

"To elevate the financial intelligence of the local community by
promoting personal growth through education and by developing
relationships that support and encourage members to achieve
financial freedom."

Would you like to "practice" investing without the real world risk?

Would you like to "network" with small bisiness owners, entrepreneurs,
real estate investors and other Robert Kiyosaki students?

Would you like to get out of the "Rat Race" and live off your "passive income"?

If you answered yes to any of the questions above, you too, have the opportunity to enjoy this "challenging" experience.

For more information and future meetings, email" charlestoncashflow@gmail.com

A. An unlimited amount of "Private Money!"

How many of you are frustrated with trying to fund your real estate deals
right now with banks and don't have $100,000 sitting around to fund deals
yourself?

How many of you would love to be able to buy profitable properties like apartment
buildings, commercial properties, REO's,short sales, foreclosures, you name it....
without having to put your own cash or credit into the deal? (chuckle)

How many of you are interested in a proven system for generating $6,000
to $30,000 per deal...without having to use your own cash or credit?

Now, I know the whole "no money down" thing sounds like a pipe dream to some people... but in today's market there are a lot of these deals out there when you know what to do... and how to do it... and where to get the money... which is what we're going to go over at our next Charleston Real Estate Investors Meeting on Thursday, April 1st, 2010!

If you only attend one meeting in 2010...this is the meeting that you will not want to miss!

Our guest speaker for April 1st, 2010 is the most requested speaker that our members have begged for in the past 12 months...

MustKnowInvesting.com's Patrick Riddle!

Patrick has been a full-time investor since he  dropped out of college almost 7 years ago as
a broke but motivated "kid" to pursue investing in real estate full-time.

After a few failures...losing thousands of dollars on his first two investments... he figured out that
relying on conventional financing, hard money, and splitting profits with partners just wasn't
working for his real estate business... lol, and his pocketbook.

So Patrick started to study, apply, and hone his skills on getting private money, sales, persuasion,
and more. In the last 6.5 years Patrick has closed over 127 "no money down" (or very little
of his own money on some deals) real estate deals ranging from flips, wholesales, rehabs,
multi-family, and buy and hold... and was able to get over $6 million in other peoples money
(aka private money) actually funded into deals over that time.

Patrick invests out of beautiful Charleston, South Carolina and has become well known in Charleston in the "investor" community and is always glad to help other investors see the same success with getting
other peoples money, for very low interest rates, with no points or excess fees.

                                 In the last 13 months Patrick teamed up with 2 other successful investors (who collectively have got over $31.5 million in private money actually funded into their own or other investors deals in the last 6 years alone) and have been helping investors outside of South Carolina learn and apply the same strategies and tools using other peoples money to buy apartment buildings, short sales, REO's, foreclosures, commercial properties, and land.

After numerous requests, Patric & his team put together a coaching program for students wanting to learn their "techniques" and in the first 12 months, those students have got over $11.5 million in private money for their own deals using the guidance, strategies, and tools Patrick, Susan, and Trevor have given them.

If you'd like to meet Patrick, learn, chat with and "pick his brain" you might want to make sure that
you print this out and tape it to your monitor so that you will not miss this huge opportunity, to
meet someone right here in Charleston, SC, that is doing what you want to do!

Check in is at 5:30 - meeting starts at 6 pm - ends at 8 pm.

SORRY, NO ONE WILL BE ALLOWED IN AFTER THE MEETING HAS STARTED

North Charleston Inn, 2934 W. Montague Ave. N. Charleston, SC 29418

Members get in FREE - (Please be sure to wear your name badge)

Guests $20.

 NO CELL PHONES - NO TEXTING - NO CHECKING EMAIL 

Would you like to get out of the Rat Race?

Do you want your money to work for you... instead of you working for it?

If you are familiar with the book RICH DAD POOR DAD by Robert Kiyosaki, then you may have heard about CASHFLOW® 101 the Board Game - it actually came before the book. CASHFLOW® 101, the Board Game was created to teach people how to become a master of money and elevate their financial IQ".

You are invited to join the members of The Charleston Real Estate Investor's Association for the largest Cash Flow 101 Game Night in South Carolina. Business owners, entrepreneurs, real estate professionals, investors and those who want to enjoy learning in a fun, and interactive atmosphere.

In this hands-on game you will make money, lose money and discover what few people ever learn..the secret of the rich: How to profit in up markets and down markets!

Experience all the fun of without taking all the real life risks! Here is just a taste of what you get when you play the game of the RICH:

• Learn and play the board game that the rich have been playing for years.

• Meet & network with local real estate investors about the Charleston market

• Find your style of building wealth without taking the real world risks.

• Play in the largest CASHFLOW® 101 Game in South Carolina.

• Receive prizes as the first person to get out of the CASHFLOW® 101 Rat Race.

• Spend time with Rich Dad students, fans, and entrepreneurs.

"On a recent evening I bought into a limited partnership, flipped a bed and breakfast for a quick profit, tripled my money on "OK4U" pharmaceutical stock. I also got downsized from my teaching job, bought a duplex and hada baby. After all that, I managed to get out of the proverbial rat race."

                                                    Sarah Max, CNN/Money Senior Writer

Reserve your seat, RSVP charlestoncashflow@gmail.com

WHEN: Wednesday, March 24, 2010 at 6:00 PM

WHERE: Grand Buffet Restaurant, 4950 Centre Pointe

Drive, N. Charleston, SC

COST: FREE!

      PROFESSIONAL NETWORK CONNECTIONS

   North Charleston Business Builders Network

Meeting Notice                                           Meeting Notice

Tuesday, February 9th, 2010          Grand Buffett   (Tanger Outlet)   

11:30 a.m. - 1:00p.m.                  4950 Centre Point Drive

                                                  N. Charleston, SC 29418

   Special Guest Speaker         Governor Mark Sanford

We are please to have arguably, the BEST networker in South Carolina, Governor Mark Sanford  speak

to our N. Charleston Business Builders Network about his legislative plans that could affect the Charleston

area and will share his "secrets" to creating a powerful "Sphere of Influence" and networking partners for

life.

Members: This would be a GREAT opportunity to "reach out" to that "potential prospect" or client that

               you have been thinking would make a good addition to our group. Our goal is that every

               member bring 1 guest! 

Guests:  We would love to have you visit if you are interested in being a part of a vibrant, growing,

               networking group...but we have limited seating available for this event....if you do not

               RSVP before Monday, March 8^th, 2010 .....we might not have a seat available at this event.   

Professional Network Connections only allows ONE person-per-occupation; the following occupations are available on a first-come-first-served-basis.

Human Resource Director        Funeral Director               Payroll Services            Florist

Commercial Contractor           Website Developer          Copier Sales                 P&C Agent    

Divorce Attorney                    Moving Company             Home Inspector           Photographer        

Commercial Realtor               Property Manager            CPA-Accountant            Travel Agent                   

 (Might want to secure your position in this group  BEFORE your competition does!)

  RSVP required by return email or by calling Bobby Wallace @ 843-200-5617)

For more information about Professional Network Connections and how you can increase your

business 20% in the next twelve months, Go to www.pnconnections.org

Professional Network Connections 

P.O. Box 713 Mauldin, SC  29662

864-990-3273

When is the last time the tax assessor came to your home?

What is "assessed value" and how is my tax bill determined?

Why does a home tax assessment change?

Why is my home tax assessment different than the price I could sell my house for?

How do I appeal my home tax assessment? Is it expensive? What do I have to prove?

House property taxes in my community are too high and out of control. What can we do?

If you, your clients, or any of your family have questions about property
taxes, you might want to make plans to attend our next Charleston Real
Estate Investors Association meeting on Thursday, March 4, 2010 as we
welcome our special guest speaker, Charleston County Auditor Peggy Mosley!

When is the last time the tax assessor came to your home?

What is "assessed value" and how is my tax bill determined?

Why does a home tax assessment change?

Why is my home tax assessment different than the price I could sell my house for?

How do I appeal my home tax assessment? Is it expensive? What do I have to prove?

House property taxes in my community are too high and out of control. What can we do?

If you, your clients, or any of your family have questions about property taxes, you might want to make plans to attend our next Charleston Real Estate Investors Association meeting on Thursday, March 4, 2010 as we welcome our special guest speaker, Charleston County Auditor Peggy Mosley!

Peggy Moseley was first elected Charleston County Auditor in 1992 and was re-elected in 1996, 2000, 2004 and again in 2008. She holds a bachelor's degree in business management from Charleston Southern
University and a master's degree in business administration from Central Michigan University. She earned the distinction as "Certified Manager" and is a graduate of the Institute of County Officials.

An active proponent of community service and professional involvement, Moseley has served as president of the National Management Association and as president of the Redbank Toastmasters Club. She is the past chairman and present advisor for the non-partisan Election League. She served as a Johns Island commissioner. She also served as a board member of the American Society for Quality Control,
the Charleston Sertoma Club, the St. Andrews Rotary Club, and various Republican women's clubs Charleston County. She is a member of the South Carolina Association of Auditors, Treasurers and Tax Collectors, where she has served on the executive committee representing the Lowcountry....

....and she will be sharing her knowledge, experience and advice with our members on Thursday March 4th 2010 at the North Charleston Inn, 2934 W. Montague Ave, N. Charleston SC 29406!

This is a GREAT opportunity to be able to meet, ask questions, and learn from an expert who is willing to take time to share with our members...I urge you to take advantage of this opportunity to meet "THE" most influential property tax person in Charleston, SC!

Guests are welcome; this is an "Open Meeting" and ($15 for non-members).

For reservations call 843-200-5617 or email charlestonreia@gmail.com

I was just sitting at my desk yesterday, when I received a notice from the National REIA (Real Estate Investor's Association) with some scary news..... and since it could affect you, I wanted to reprint it (with their permisssion) here let you know as soon as possible:
   
 HUD has proposed to eliminate ALL seller financing unless the seller lives in the home or becomes a licensed mortgage originator. The proposed HUD Rules interpreting the federal SAFE mortgage act can be viewed at www.regulations.gov  Use the search parameter "HUD" and the keyword "safe". 

    Please review and comment regarding the impact of this broad interpretation of the law. 

"In addition to establishing HUD's responsibilities under the SAFE Act, through this rule, HUD proposes to clarify or interpret certain statutory provisions that pertain to the scope of the SAFE Act licensing requirements, and other requirements that pertain to the implementation, oversight, and enforcement responsibilities of the States. HUD solicits comment on the proposed clarifications and on the regulations proposed to be codified."

History:  As you may recall, National REIA lobbied hard last year to maintain the right for individuals to make up to five seller financed transactions per year before being subject to mortgage originator licensing, etc... 

However, that law was passed subject to the Department of Housing and Urban Development's (HUD) approval of the law as "compliant" with the intention of the federal law.  If any state does not have a compliant law, the SAFE act allows HUD to implement licensing for the state.  HUD has since issued proposed rules.

In a nutshell, seller financing would no longer be allowed for non-owner occupied homes.

 How YOU can help: We learned about the publishing of the rules very late in the process... and the deadline for comment is upon us on February 16.  However, we desperately need for thousands of REIA members across the country to go on record with HUD on this issue.  We will be working to try to affect this law in other legislative ways, but cannot hope to gain traction unless our members have clearly communicated that they are opposed to this portion of the rules. 

 This is your chance to be counted on this issue.
 
 PLEASE SUBMIT YOUR COMMENTS TO HUD! 

We have less than one week to flood this system with comments.
 
   Follow these simple steps:

1.  Logon to www.regulations.gov   You will see two white boxes for searching
2.  On the left box labeled "Document Type", pull the menu down and select "proposed rules"
3.  On the right box labeled "Enter keyword or ID", enter "safe mortgage".  press search
4.  Locate the blue search result "FR-5271-P-01 Safe Mortgage Licensing Act: HUD Responsibilities Under ...." To read the rules, click on this title.  You will be taken to another page. You will see "views".  You can click on PDF file or another symbol which will show you the rule document online. 
5.  On the right of the screen, click on "submit comment"
6.  Complete the form providing required information and your comments and then submit

What do you say? Say what you feel, but say it politely!  

The message should include that you would like the definitions in the proposed rules to be changed so that private individuals can originate and service loans on properties they personally own. 

 Some ideas from others:

 · bank loans are not available on some types of properties

· the tight lending climate has made bank financing "out of reach" for many

· seller financing is an "age old" tradition based on private property rights

· these rules would prohibit even partial seller financing - i.e. a "seller second"

· according to HUD's "Residential Finance Survey" in 2001, roughly 40% of all non-farm residential properties in the US are owned free and clear

· an estimated 6 million Americans own a property other than their own primary residence

· an estimated 4.5% of Americans own three or more properties, many purchased solely as investment properties

· 40% of non-owner occupied residences are mobile homes which are more difficult to sell with bank financing

· approximately 5% of homes in US are for sale or for lease... seller financing may be key to liquidating this inventory.

The continued success of our industry as we know it is threatened by these proposed 
regulatory changes....not to mention your rights as a property owner to sell your property with owner financing should you choose to do so.

Please do not hesitate to follow the steps above and make your voice heard.

 www.regulations.gov

Sincerely,

Bobby Wallace
President,
Charleston Real Estate Investors Association

    

If surveys from the National Association of Realtors show that 91% of home buyers begin their search for properties on the internet...are they finding YOU there?

If you want to learn more about how you can increase traffic to your business, or even work from home, and make a living on the internet, bring your internet questions as" Search Engine Optimization Queen" Leigha Baer discusses how you can get on the front page of Google...Absolutely FREE!

On February 2 , 2010, the Charleston Real Estate Investors Association will host E-Edge Marketing Expert Leigha Baer!

Leigha is a serial entrepreneur and owner of  http://www.gardendecorativeitems.com/  and http://sweetgiftsforboyfriends.com/ and  http://e-edgemarketing.com/  an Internet Marketing consulting company, specializing in helping small businesses develop an internet presence...because, as everyone knows, having an internet marketing strategy is so much more than just having a website!

If you want to learn more about search engine optimization, how to better utilize social marketing or  how to build a huge client list, you might want to plan on visiting the local Charleston Real Estate Investors Association's next meeting on Tuesday, February 2nd , at the  North Charleston Inn 2934 West Montague Ave. North Charleston, SC 29418.

Registration begins at 5:30 PM.

No cell phones allowed!

For additional details visit http://www.charlestonrein.com.

Seating is limited:

To RSVP email: charlestonreia@gmail.com  or call 843-200-5617

This January many of you will put together your New Year's resolutions list. It's a time for reflection, and more importantly making a personal commitment to yourself for the upcoming year.

The Charleston Real Estate Investors Association has brought and will continue to bring to you vital information, speakers, and resources that you cannot find anywhere else.

With that thought in mind, we would like to help you "Jump Start" your New Year's resolutions list and help motivate you to create the things you want in 2010, by bringing you one of the very best motivational speakers that you will ever have the opportunity to hear, Dr. Jeremy Good!

Dr. Jeremy Good is a noted nationally recognized speaker is the areas of health and vitality. His mission is to empower as many people as possible to experience their optimal health potential through genuine
care and education.

Dr. Good has always had a great passion for athletics. After his college Rugby career was over, he discovered the sport of Brazilian Jiu-Jitsu. He has since competed nationally in numerous BJJ tournaments, with a highlight in 2006 of winning gold medals in The Nationals, the World Grappling Championships, and Pan-American Games. He also served as a modern Army combative instructor.

 He is currently the CEO of Good Chiropractic and Wellness Center.

I GUARANTEE that if you attend Dr. Good's Goal Setting Workshop, it will make a change in your year!

As one of my mentors & coaches, Jeffrey Gitomer, is fond of saying

"There are three kinds of people -- people who make things happen, people who watch things happen, and people
who don't know what's happening."

Which kind are you?

Some of our members & guests are "waiting to see what happens."

Big mistake.

Hope you are the kind that will "make things happen", and will not only RSVP to hear Dr. Good...you'll bring a Guest too!

Sign in starts at 5:30 -meeting promptly at 6 PM...finished by 8 PM!

  Join us an get a "Jump Start" on 2010!

I was looking back over the past twelve months attempting to analyze what one marketing idea that I used that gave me the best results, (so that I could focus more on it...and less on other non-productive ones)  

So, I wanted to survey my brother and sisters on ActiveRain and see what has worked best for them in 2009.

"What did you do in 2009 that gave you the biggest bang for your buck?"

P.S. By the way, I'll share my biggest "Ah-Ha" moment in 2009....when I bit-the-bullet and re-started by newsletter campaign to everyone that I met or came in contact with; it was by far my most profitable marketing that I did in 2009. Thanks to Jim Palmer for reminding me!