NICIA 2015 Annual Christmas Party

Nov 222015
 

NICIA Christmas Party 2014 copy

On Thursday December 10th, 2015, NICIA will hold its annual Christmas dinner. This year we will be having our Christmas dinner at the beautiful Innsbrook Country Club in Merrillville. Doors will open at 6:00 pm and events will start at 6:30 pm.

NICIA will be serving a fabulous dinner. There will be door prizes as well. Members are encouraged to bring a partner, a guest or spouse. Admittance to this event requires pre-purchasing tickets. Seating will be limited, so we encourage you to get your tickets early.

Location:
INNSBROOK COUTRY CLUB
6701 Taft Street Merrillville, IN 46410
P: (219) 980-9060
 
Pricing:
 
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Foreclosure and the Hidden Market

Oct 112015
 

 

Tony-headshot 150 x 150_edited-1 leftForeclosure  and the Hidden Market  (In Depth Workshop)

Tony began his real estate investment career after attending a seminar in 1986. By applying the techniques he learned, he was able to make a profit on his first deal equal to a years wages at his regular full time job as an aircraft mechanic, an occupation he eventually gave up forever.

Tony found his niche in the foreclosure industry and has mastered the art of tracking and acquiring properties in every stage of the foreclosure process from pre-foreclosure to REO. He is the author of the amazing “Hidden Market” System, a system of finding and acquiring properties with no for sale signs, no advertising, no competition, whatsoever, and  the “7 ways to profit from one foreclosure” system. These discoveries have earned him prestigious speaking engagements on some of the biggest real estate events in the world with audiences of 30 people to 80,000.

Over time he has been involved in more than a thousand successful real estate transactions, he has negotiated with approximately 480 distressed property owners per year, averages close to 1000 property inspections, dealt with hundreds of loss mitigation departments, and since the great foreclosure crisis began in late 2007, he visits and makes 75 offers per month nationwide. He has attended foreclosure auctions in just about every state in the nation and established hundreds of contacts from cash investors around the country. Tony has done about 1100 title searches per year by mastering the courthouse records room in all fifty states.

Tony Youngs has been a featured guest on countless radio, and television programs and has contributed articles and information to several magazines and data collecting services, including realtytrac.

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What You Will Learn

  • 5 valuable secrets of attending a foreclosure auction
  • How to find all the best deals in your own zipcode.
  • Cash buyers that will beg you sell deals to them’
  • How to discount liens and 2nd mortgages on pre-foreclosures
  • How to buy properties tied up in bankruptcy
  • How to buy defaulted notes and mortgages
  • How to generate $500 to $10,000 per deal without doing work
  • How to master your own market
  • Find owners of vacant houses
  • Eliminate your fear of estimating repairs
  • Eliminate your fear of getting stuck with a property
  • Make offers without risk

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Victory for Landlords

Oct 062015
 

Federal Court: Cities’ Rental Licensing and Inspection Requirements Unconstitutional

 

Fourth Amendment secures property rights of landlords from unlawful searches and occupational licensing regulations in Ohio and nationwide

forrentColumbus, OH – The Southern District of Ohio today ruled that the City of Portsmouth’s occupational licensing requirements imposed upon landlords – – rental property inspections and licensing fees – – violates the Fourth Amendment to the United State Constitution.

The 1851 Center for Constitutional Law’s victory on behalf of Portsmouth rental property owners Ron Baker, Nancy Ross, Thomas Howard, and Darren Oliver means that indiscriminate and warrantless government inspections of rental properties are unconstitutional nationwide, and that unlawfully-extracted “rental inspection fees” must be returned to the rental property owners who paid them.

These property owners had long rented their property in Portsmouth without license or inspections, and their properties had never been the subject of complaint by tenants, neighbors, or others. However, the City threatened to criminally prosecute and even imprison these landlords if they continued to rent their homes without first submitting to an unconstitutional warrantless search of the entire interior and exterior of these homes.

Judge Susan Dlott, of the Western Division of the Southern District of Ohio, held as follows:

  • “[T]he Court finds that the Portsmouth [Rental Dwelling Code] violates the Fourth Amendment insofar as it authorizes warrantless administrative inspections. It is undisputed that the [Rental Dwelling Code] affords no warrant procedure or other mechanism for precompliance review . . . the owners and/or tenants of rental properties in Portsmouth are thus faced with the choice of consenting to the warrantless inspection or facing criminal charges, a result the Supreme Court has expressly disavowed under the Fourth Amendment.”
  • “The inspections are also significantly intrusive. As the Supreme Court has noted, the ‘physical entry of the home is the chief evil against which the wording of the Fourth Amendment is directed.’”
  • “The search inspection sheet details eighty items to be inspected throughout the entirety of the rental property. The Court thus concludes that the intrusion is significant.”
  • “Taking into account the above factors—the significant expectation of privacy, the substantial intrusion into the home, and the inefficacy of the warrantless inspections on the proffered special need—the Court finds the warrantless inspections are unreasonable.”
  • “Having determined that the Code is not saved by special needs or the closely regulated industry exceptions, the Court concludes that the Code’s failure to include a warrant provision violates the Fourth Amendment.”

Both the United States and Ohio Supreme Court have invalidated warrantless inspections of rental property, and repeatedly held that warrantless administrative inspections of business property are generally invalid, absent exigent circumstances.

Nevertheless, Ohio cities had vigorously sought to collect licensing fees from area landlords, and the warrantless searches served as the lynchpin to each of these goals. Ordinances such as Portsmouth’s Rental Dwelling Code established an absolute prohibition on renting out property within a community – – even though the landlord may have long done so and even though his or her property may be in pristine condition – – without a government-approved license that cannot be acquired without first paying a $100 annual fee per rental home and submitting to an open-ended warrantless search of every area of the property, inside and out.

“The Federal Court’s ruling yesterday is a victory for all property owners and tenants. Local government agents do not have unlimited authority to force entry into Ohioans’ homes or businesses. To the contrary ‘houses’ are one of the types of property specifically mentioned by the Fourth Amendment; and Ohioans have a moral and constitutional right to exclude others, even government agents, from their property. Entry requires either a warrant or an emergency, and neither is present with respect to these suspicion-less rental inspections,” said Maurice Thompson, Executive Director of the 1851 Center.

“Government inspections of one’s home frequently results in arbitrary orders to make thousands of dollars worth of untenable improvements to even the most well-maintained properties. These enactments were nothing more than a set of back-door tactics to collect revenue on the backs of Ohio property owners, while attempting to chase ‘the wrong type of owners’ out of town.”

Read the Federal Court’s Order HERE

From the 1851 Center for Constitutional Law website

Federal Court: Cities’ Rental Licensing and Inspection Requirements Unconstitutional

OCTOBER 1, 2015 BY
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Investor Series – Contracts

Sep 052015
 

Saturday Investor Series; Members Only

Mark Reynolds

Topic: Contracts
Presenter: Mark Reynolds
September 12, 2015 ,  9:00 am
Brookstone Condominium Clubhouse
7507 Taft St, Merrillville Indiana

Mark Reynolds is a member of NICIA and has owned and operated manufacturing, service, construction and sales companies. But his primary expertise is in real estate development. In his 35+ years of business experience he has earned a reputation for seeing the big picture and finding opportunities others have missed by thinking out of the box. Mr. Reynolds has developed Apartments, Industrial, and Commercial buildings throughout the Chicago land area. Currently he resides in the south suburbs and mostly works in that geographic region.

Mark believes that the discussion around contracts is an important, but missing topic with Real Estate Investors.  He will bring his extensive knowledge around contracts to our members and will engage us in his typical down to earth way.  Be ready to ask questions and to be challenged.

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The Five Myths of Real Estate Investing

Jul 252015
 

The Northwest Indiana Creative Investors Association

“Investor Series”

Presents . . . .

Victor_edited-1Victor Jernigan – The Five Myths of Real Estate Investing

Saturday August 15, 2015 ,  9:00 am
Brookstone Condominium Clubhouse
7507 Taft St, Merrillville Indiana
Price: $40 Members Only 

Victor Jernigan: His first real estate investment involved an option, a rezoning, and a contract assignment when he was a junior in college. He is active in the real estate market today, and his years of experience give him a completely different perspective than other people who speak at REIA meetings.

He has been involved in just about every type of real estate transaction, either as an investor, an owner, or a broker. He has done fix and flips, speculative remodels, used every type of creative financing strategy, and both borrowed and loaned hard money. Victor has owned mobile home parks, borrowed millions from private investors, purchased or restructured millions in notes and commercial debt, and structured many joint ventures, the largest in excess of $20,000,000. Today, he owns a property management company, a real estate brokerage, and is the president of Knox REIA.

Victor’s goal is to help you recognize the difference between becoming a better investor and learning how to think like an investor. In other words, he is not selling a system on how to become a better gambler. He is showing you how to own the casino.

Regardless of your level of experience, he will challenge what you need to learn and what you have learned about investing.

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The meeting will be fun, informal, and open to questions at any time.

What you will learn at our meeting:

  • Comps: Why comps are dangerous and probably useless for most investors
  • Appraisals: How to improve your opportunity for successful valuation.
  • Profits: You do not earn them when, or how, you think you do.
  • Planning: What you have learned is not what you need to know.
  • Team Building: Really, this is just wrong.
  • The Big WHY: It is not the right motivation.

Additionally you will learn

  • The Five Characteristics every Successful Real Estate Investor Must Have

Price: $40 Members Only  

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Would You Buy This House: How to Identify a Deal

Jul 082015
 

July 7 2015 HeaderOn Thursday July 9 , 2015 NICIA will be holding a panel discussion on How to Identify a Deal.  We will have four seasoned real estate investment experts providing their insight into analyzing a deal as well as answering questions from our members.  This is certainly a meeting you don’t want to miss!

Our panel members are: Cindy Rega, Julie Mintz, Bruce Dust and Don Conrad.  Take some time to read their bios below and see how  they came into real estate investing.  Each one lives and invests in Northwest Indiana.

 
Don ConradBuy & Hold, Rentals, Property ManagementDon Conrad is a long-term member of the Northwest Indiana Creative Investors Association.  He has held multiple positions including Vice President and Program Director on the NICIA board of directors.Don interest in real estate investment was peaked at a very early age.  His parents owned and managed multiple rental properties where he learned how to be a successful investor firsthand from the examples he had at home.  His parents eventually sold all of their properties but that wasn’t the end for Don.Don’s first venture into property management started with a down payment on a four unit that he purchased from a friend.  His business expanded and he now owns properties throughout Lake and Porter counties.

Don retired from his full time job at the age of 39 and has remained a successful self-employed real estate investor for the past 14 years.  Don is a Husband and father of two.  His investments have afforded him the opportunity to spend quality time with his children and wife.  Don lives and invests in Northwest Indiana and is also the author of a book “living off investments.

 

Bruce Dust

Buy & Hold, Rehabbing, Rentals, Property Management

Bruce Dust has been a member of NICIA over 10 years.  Bruce became very active with NICIA early on, even holding the position of refreshment coordinator.  Bruce made sure there was enough pop, coffee and water to go around!

When Bruce was 19 years old he bought his first rental property.  He later left the investing world to focus on a more traditional career path but at the age of 28 he began investing again and never looked back.  Bruce retired and has been self-employed for over 11 years.

Bruce is a family “Lucky” man; he has 3 great, successful children and lives and invests in Northwest Indiana.

 

Julie Mintz

Rehabs, Flip, Rentals, Property Management 

Julie Mintz got into the real estate business in 2007 when she bought into Nouveau Riche, a real estate education program.  Initially she tried selling the program, but realized she would be much more credible if she had some real estate investing under her belt.  After taking the classes, which were very vast in nature, she purchased her first and second houses within a matter of weeks in 2008.  Julie originally thought she would concentrate on rent to own (aka pay it forward) but discovered that she didn’t love dealing with people’s emotions when it came to their feelings regarding their homes.  She learned that she did LOVE rehabbing and realized she was very good at it.

During that same timeframe Julie joined her local REIA (NICIA) in 2007.  Julie not only joined but she became active contributor to the growth and success of the organization helping to shape who we are today.  Julie served as a program director on the board of directors from April 2009 through 2010.

Julie’s interest in being a credible salesperson (able to stand behind her product) of a program designed to teach investors how to become successful led her to prove to herself that the program worked.  With over 33 houses rehabbed in the past 7 years, and 2 rental properties that she manages she has proven that you can be successful at real estate investing.  One of Julie’s fortes is that she rehabs fairly fast-normally 30-60 days.  Julie spends anywhere between $30,000-$55,000 per home.  Time is money.

Julie has also mentored other investors who are interested in rehabbing.

Julie lives and invests in Northwest Indiana and is firm in her beliefs regarding investing that to be successful in this business you need:

Time

Money AND

Knowledge

If you are missing 1 of those components, then pair up with someone who has the missing thing.

 

Cindy Rega

Rehabs, Buy & Hold, Rentals, Property Management

Cindy Rega, Manager of the Heritage LLC, has been involved in real estate investments on a part-time basis since June, 2007, since she has held full time upper management positions. She has been a member of NICIA for 4 years. Her primary objective in real estate investing is for retirement purposes. Therefore, Cindy has a shorter end game and purchases single family homes in south Lake County, Highland, and Munster.  As with most investors, her strategies have evolved with increasing knowledge and the economy.  Cindy initially started this business doing Rentals, and Lease Options to Purchase which changed in late 2013.  She prefers to purchase foreclosures or short sales, coordinates the rehab, and then pursues the loan at the ARV. With the pursuit of a Self-Directed IRA in 2011, Cindy has also flipped homes to benefit from the tax free profit.  Over the last 8 years, Cindy has purchased 11 homes and currently has 8 income properties.  Cindy lives and invests in Northwest Indiana.

 

 

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Real Estate Investors and Their Community

Jun 072015
 

Increasing Your Community Connections, June 11th at the Northwest Indiana Creative Investors Association.

Gina Bell head

Join us on June 11th when Gina Bell, Volunteer Coordinator for Habitat for Humanity and Scott Johnson, Restore Assistant Manager, comes to NICIA to share the impact that investment business and volunteers have on the community and how that partnership benefits everyone.

Meetings

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Are You Out of Your Mind

Apr 162015
 

Are You Out of Your Mind?

Vena CoxBecause you’d better be, if you want to get deals.

The place you MUST be when talking to sellers is out of YOUR mind, and in THEIRS. Every single day, I correspond with   investors who say something like:

“So, I was looking at craigslist yesterday, and there’s this seller, and she has a house for sale. She wants $220,000 for it, but I   think it’s only worth about $170,000. So I want to do a creative finance deal. How do I write that up?”

If you don’t understand what’s funny about this line of thought, look again, because you may have the same problem. The investor is so focused on what the INVESTOR wants that he apparently hasn’t even bothered to find out what the SELLER wants.

It’s somewhat endemic to our business that we get so focused on our strategies and our goals and our desire to get a deal done that we completely forget that unless what our strategy has to offer meets the needs of our sellers, THERE IS NO DEAL. Jumping ahead to “How do I write up a creative deal” before you know what the seller owes, and why she’s selling, and whether taking payments would meet her goals is putting the proverbial cart before the proverbial horse. Worrying about finding a buyer for property x before you know that the seller will take a wholesale price for property x is torturing yourself for no reason.

And it’s easy to make assumptions about seller motivation—that a seller in foreclosure will always want to sell; that a seller who inherited a house doesn’t want it; that a seller with building orders will take a discounted price. None of these things are necessarily true, or even true the majority of the time.

Try to approach discussions with sellers as interviews without expectations. Really ask the questions, and really listen to the answers. Then, if necessary, you can step back and review the information before deciding what, if anything, you can offer that will meet the seller’s real needs.

Questions you MUST ask to really get inside a seller’s head include:

  • Why are you selling?
  • What have you tried already? How has that worked?
  • By what date do you need to sell? What happens if you don’t sell by then?
  • What will you take? How did you come up with that number?
  • So if I can’t pay you $X, there’s no reason to
  • Would you consider taking payments to get to that price?
  • How much do you owe? What are the payments? Do those include taxes and insurance? What’s the rate? Is it fixed, or adjustable? How many more years does that mortgage run?

With these answers in hand, you’ll know things like whether the payments you’d like to make will cover the payments that the seller HAS to make—or whether he’s motivated enough to pay the difference. You’ll know whether he CAN accept your lowball cash offer, and what might make him decide to do that.

Only THEN can you make the deal you’re looking for!

 

Join us Saturday May 23, 2015 for:

Advanced Wholesaling & Marketing Concepts to Make You More Money

Presented by

Vena Jones-Cox, “The Real Estate Goddess”

Saturday, May 23, 2015, 9:00 am to 5:00 pm
Brookstone Estates
Condominiums Club House
7507 Taft St. Merrillville, IN

The cost to attend is only $20/person for advance registration, $30 at the door.
SOLD OUT

 

 

 

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Advanced Wholesaling and Marketing Concepts Workshop

Apr 122015
 

Vena Jones-Cox, “The Real Estate Goddess”

Advanced Wholesaling & Marketing Concepts to Make You More Money

Saturday, May 23, 2015, 9:00 am to 5:00 pm
Brookstone Estates
Condominiums Club House
7507 Taft St. Merrillville, IN

 

The cost to attend is only $20/person for advance registration, $30 at the door.
Register in Advanced Below

SOLD OUT

 

Morning Agenda: 

Advanced Wholesaling:

 How to Sell a Deal a Week and Build a Passive Wholesale Income

  • To truly get out of the “rat race”, you need a plan that goes beyond learning the strategies, and takes you to the point where your real estate business more or less runs without you.
  • For wholesalers, this means two things: using advanced strategies to do more deals and create passive income, and systemizing your business so that others can easily do deals FOR you. 

In this morning workshop, you’ll discover:

  • How to wholesale all those “non-assignable” bank-owned properties on the market today, WITHOUT coming up with the cash to close, and double the number of deals you do
  • How to use creative finance concepts to wholesale properties and add passive income to your business
  • How to systemize everything your wholesaling business does, and easily delegate it to others
  • How to hire help when you can’t afford help

The cost to attend is only $20/person for advance registration, $30 at the door.
Register in Advanced Below

SOLD OUT

 

Afternoon:

Advanced Marketing:

How to Find More Motivated Sellers, Buyers, Renters, and Lenders

Once you learn the basics of any real estate strategy, every problem you have is a marketing problem.

  • Not enough deals? That’s because not enough motivated sellers know that you buy properties.
  • Properties staying vacant too long? That’s because not enough qualified renters or buyers know about your great deal.

Great marketing give you incredible leverage, making your phone ring off the hook with customers who want to give you money or give you properties. But do you REALLY know how to make your marketing as effective as possible for as little money as possible?

In this afternoon workshop, you’ll find out:

  • How to create messages that your prospects can’t resist, and get 5-20% response rates to your very first mailing, and make lots of money without spending lots of money
  • How to get lists of motivated sellers, buyers, lenders, and more
  • How to make absolutely sure your mail gets opened and read
  • How to develop a marketing plan that will get you the sellers, buyers, renters, lenders, whatever’s missing from your

The cost to attend is only $20/person for advance registration, $30 at the door.
Register in Advanced Below

SOLD OUT

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What is Your Niche In Real Estate Investing

Apr 062015
 

Join us for an informative evening with Mark Reynolds

Mark Reynolds

Thursday March 9th, 2015
 Regular Members Meeting 6:00 pm
 Topic: What is your Niche In Real Estate Investing
 Presenter: Mark Reynolds
 PHP Subject/Credits:  1.0 Hr

Mark Reynolds has owned and operated manufacturing, service, construction and sales companies but his primary expertise is in real estate development. In his 35+ years of business experience he has earned a reputation for seeing the big picture and finding opportunities others have missed by thinking out of the box. Mr. Reynolds has developed Apartments, Industrial, and Commercial buildings throughout the Chicago land area. Currently he resides in the south suburbs and mostly works in that geographic region.

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