insight genesis - simrad user guide

July 2014 “2013 Winner, NaREIA Overall Award of Excellence” www.CFRI.net

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CFRI Business Member Directory p. 18

June Deals of the Month! p. 16

Shark Tank is Coming to CFRIDon’t Miss the July 2nd General Meeting p. 6

FEATURED ARTICLE –ThE 5 AREAs oF IDEnTITy ThEFT ThAT yoU nEED To bE AwARE...

central florida realty

networking. education. integrity.

INVESTORSCFRIwww.CFRI.net

Central FloridaRealty Investors

Est. 1989

Shark Tank

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July 2nd G

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See page 6 for d

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PREsIDEnT’s CoRnER –CFRI’s CoUnTy AnD FoCUs GRoUP MEETInGs ARE FREE FoR MEMbERs

CFRI’s General Meeting is MOVING to Edgewater High School.Join us on Wednesday, July 2nd at our new location!

2 www.CFRI.net 3July 2014 newsletter

6 Shark Tank is Coming To CFRISit back and watch the Sharks in action at CFRI’s July 2nd General Meeting.

By DENNy TRONCOSO

In This Issue

4 Find Us

4 Organizational Notes and CFRI Staff

5 President’s Column: CFRI’s County and Focus Group Meetings Are FREE For Members

5 CFRI Board of Directors 2014

6 Denny Troncoso: Shark Tank is Coming to CFRI

8 Scott Banta: Research, Forms & Systems

10 Robin Daniels: Double The Yield with Less Work

14 Marlene Green: The 5 Areas of Identity Theft That You Need to Be Aware...

16 June Deals of the Month

18 Business Directory

20 July Line Up

22 Announcements

24 July Calendar at a Glance

Contents

We Have Extensive Experience with:!¥ Short Sales!¥ Pre and Post Foreclosure Transactions!¥ Land Trust Purchase and Sales!¥ Curing Title Problems!¥ Providing Prelim HUD/Net Sheets!¥ Bank/REO Transactions!¥ Loan ModiÞcations!¥ 1031 Exchanges!¥ Hard Money Loan Financing !¥ New Construction Loans!¥ FHA/HUD/VA/USDA!¥ HUD Approved Closing Agent!¥ Escrow Services!¥ Preliminary Title Searches/O&E!¥ Mobile Closings!¥ International Transactions!¥ Preparation of Documents!¥ Self Directed IRA Transactions!¥ Transactional Funding!¥ Simultaneous Closings

ADDRESSING THE NEEDS OF THE REAL ESTATE INVESTOR FOR OVER 15 YEARS

No Junk Fees! Excellent Service! Quick Turn Around! !CALL TODAY!

!In today's ever-changing market, !we provide extraordinary service at an affordable cost by experienced closing agents...!

...so your deals get!

! ! CLOSED!!

PROVEN EXPERIENCE

OUTSTANDING SERVICE

COMPETITIVE PRICING

Experience that closes deals.

151 Southhall Ln, Ste. 230!

Maitland, FL 32751!

p (407) 539-0781!

f (321) 304-3416!

[email protected]!

Features July 2014

Research, Forms & systems

by SCOTT BANTA

8Advertiser’s Directory

10 Double The yield with Less work

by ROBIN DANIELS

2 southeast Professional Title

7 home Depot

15 sand Dollar Realty Group, Inc.

23 secured Investment Lending

July Cover Photo courtesy of CFRI Business Members, Susie and Michael Reale.

Due to an editing error, the photo credit for the June newsletter cover photo was listed incorrectly. Special thanks to Lorraine Castro and Richard Davenport for providing CFRI with the cover photo for the June newsletter.


CFRI does not exist to render and does not give legal, tax, economic or investment advice and disclaims all liability for the actions or inaction taken or not as a result of communications from or to its members, officers, directors, employees and contractors. Each individual should consult his/her own counsel, accountant and other advisors as to legal, tax, economic, investment and related matters concerning real estate and other investments.

Legal Disclaimer

Central Florida Realty Investors, a not for profit business association, is dedicated to promoting ethical real estate investing and to protect and promote the best interest of our membership through educational and networking opportunities as well as community, legislative and public relations.

Our Mission Statement

The views and opinions expressed by authors of articles contributed to this newsletter do not necessarily reflect those of the association, the board of directors or the staff.

Content Disclaimer

CFRI General Meeting

Wednesday, July 2 Doors open at 5:15

Edgewater High School Performing Arts Center

3100 Edgewater Drive

Orlando, FL 32804

Directions from I-4 EastboundFrom I-4 Eastbound, take the Princeton Street exit (Exit #85).

Go West to Edgewater Drive, turn right on Edgewater Drive and Edgewater High School will be on your left when you reach Par Avenue.

Directions from I-4 WestboundFrom I-4 Westbound, take the Par Avenue exit (Exit #86).

Go West to Edgewater Drive and Edgewater High School will be straight ahead.

CFRI Orientation Held at Herzing University,

1865 SR 436, Room 202,

Winter Park, FL 32792

(Required. Must arrive on time.)

Wednesday, July 9, 2014 CFRI Business Members:

6:30 p.m. to 7:00 p.m.

CFRI General Members:

7:00 p.m. to 7:30 p.m.

CFRI Corporate Office

312 Wilshire Blvd.

Casselberry, FL 32707

407-328-7773

Reach more than 1,200 active real

estate investors monthly!

Size

Rate Schedule

full page $350 $300 $225

1/2 page $285 $235 $175

1/4 page $180 $130 $100

1/8 (Biz Card) $150 $ 75 $ 55

Non-Member Member Business Member

Two-color ad on glossy wrap is an additional 25% above posted rates. A 10% discount is given on ads pre-paid for 6-12 months. Any changes to a pre-paid ad will incur a minimum charge of $50. The deadline to submit ad copy is the 1st of each month. All ads must be prepaid. Contact to verify ad format can be accepted, PDF preferred. There is an additional charge of $50 to typeset a business card or 1/4 page ad layout, $80 for a 1/2 page or full page lay-out. Opportunities also exist for advertising on www.CFRI.net. Call 407-328-7773 for more information. Email ad copy to [email protected]. Mail payment to: CFRI, 312 Wilshire Blvd., Casselberry, FL 32707

Advertise in the CFRI Newsletter

organizational notes

CFRI Staff Members

Buffie Paulauski, [email protected]

Susie and Michael Reale, CFRI Business Member

Joseph Seagle, Attorney at Law, [email protected]

Shep Burr, [email protected]

312 Wilshire Blvd., Casselberry, FL 32707Phone: 407-328-7773, Fax: 407-328-4446

Office Manager, Lenore Bentley, [email protected]

Executive Director, Buffie Paulauski, [email protected]

Cover Photo

CFRI Office

Legal Advisor

Legislative Chair

Newsletter Editor

CFRI’s County and Focus Group Meetings Are FREE For MembersB

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CFRI offers a variety of classes for a fee each month but did you know there are close to two dozen opportunities for some FREE education that you may be passing up! That’s right F-R-E-E. Skim over to the back of the CFRI newsletter and you will see that we have about 18 different group meetings throughout the month. There are Focus Groups and Chapter Groups which are all open to members for free. Each

group meets on a monthly basis. Each county has its own Chapter: Osceola, Seminole, Lake, Brevard, Orange and Volusia-Flagler Counties. Then there are the Focus Groups like:

• Commercial&LandDevelopment • Money101 • AdvancedInvestors • Tax-DeferredRealEstateInvestments • WomenInvestors • Orientation • QuickStartforREInvestors • Landlording&PropertyManagement • Foreclosures,ShortSales&REO • RealEstateInvestmentTechniques • RealEstateLaw • BusinessTaxStrategies • Newestgroup–QuickTurni.e.Flipping

As a new general member or new business member you would attend ‘Orientation’ to learn from Membership Director, Krystal Little, how to best use your membership. Immediatelyfollowing‘Orientation’is‘QuickStartforREInvestors’ where new bees learn the basics of investing in

realestate.PastpresidentsAdamSleapandFernC.Burrlead the group and rotate through different topics for new investors. Once you have done that, attend the Chapter meeting in your home county or where you would like toorareinvesting.WhenIjoinedCFRIbackin2005,Ididn’tjustlimitmyselftotheChaptergeographicallybutI also gave preference to the leader I like the best. Some personalities work better together than others. Once you’ve had your Chapter Groups situated, the Focus Groups added to the fun and curiosity of being an investor. Ifyouarejuststartingoutanddon’tknowifyouwanttoholdpropertyorflipproperty…attendthe‘Landlording&PropertyManagement’group.Thispastmonththeleader,Sue Goldthrop, discussed the variety of issues landlords are addressing in their leases. How do they know what issues are of concern and which are not… some have learned through the school of hard knocks and others spent a considerable amount of money getting the best leases drafted from their attorneys? How much does an eviction cost? How much time does it take and how much income wouldyouloseduringthateviction?Whatyoulearnatthatgroup is geared toward keeping you out of eviction territory and keeping more money in your pocket.

Thenthere’sthe‘Women’sInvestors’ledbyAudreyByllottwheretheladiesofCFRIenjoyafemaleaudiencetodiscussthe issues women face in real estate and how to support each other. One of my favorite groups we have brought back…QuickTurni.e.Flipping.Justabouteverynewand advanced investor never leaves the meeting without learning an income producing tip. So what are you waiting for commit to attending at least 2 meetings month! See you at a meeting or the O.R Davis Auditorium at Edgewater HighfortheWednesday,July2nd General Meeting.

Sandra Edmond PresidentBusiness Member since2005.Lifetime member andEPP

Tom RumphVicePresidentMember since 2006

Jan AndersonSecretaryMember since 2012

Brian Baker TreasurerMember since 2012

Rob Arnold Marketing Business member since 2002

Denny Troncoso ProgramsMember since 2010

Scott Banta Groups Business Member since 2010

Krystal Little Membership Member since 2012

Melvin FeltonOperationsMember since 2007

Sandra Edmond President

[email protected]

leadershipPresident’s Column


Denny TroncosoCFRI Programs Director

featured article

Shark Tank is Coming To CFRIGood News! Shark Tank is coming toCFRIonJuly2nd!Weareexcitedtoannounce that we will be holding our generalmeetinginJulyusingtheSharkTank show with a Real Estate twist. There willbe5sharksthatthedealordealswillbe presented to. The sharks will give their feedback if it’s a deal or a dud. This will showyouthemindofanExperiencedinvestor at work.

WhatisSharkTank?It’sarealityshowwhere entrepreneurs may be looking for funding, partners, or guidance. There are seasoned business people, millionaires and Billionaires that tell the entrepreneur if they are the real deal or a real dud also called Sharks. The Shark/Business person will make an offer or pass on the deal. If they make an offer and the entrepreneur acceptsvoilaajointventureformswherethe Shark will bring in all their resources orjustplainmoneytothetabletomakethe company successful.

WhybringSharkTanktoCFRI?Wehave seasoned investors that can guide, partner, or fund deals for others and if we can put people together it fulfills one of our main goals which is networking. This willalsobeagreatlearningexperiencefor the audience and the investor presenting the deal. Sometimes you may have a great deal and if you don’t present it right nobody is interested. Other times youhaven’tthoughtthroughallyourexitstrategies and the risk could be higher than you think. If the sharks pass maybe someone in the audience is interested thepossibilitiesareendless.Wewillalso consider real deals that have been completed and have not been on deal of the month.

Updates from last shark Tank December 2013 will be covered in July meeting. Justbybeingthereyouwillseehowthese seasoned investors think about different types of deals what is going through their mind would they have walked from the deal or accepted the deal andmostimportantWhy?Dotheyhavethe team in place for the rehab? How would they have done the deal? This is aPricelesseventItrustyouwillmakeitif you are serious about your Real Estate Investment Business.

The Shark tank that was held in December 2013 was touted by members as one of the best meetings they have ever been to at CFRI. This is a Fun time andagreatlearningexperiencehopetosee you there.

Reasons to Put CFRI to Work for You!

Get Great Benefits through Your CFRI Membership

The ONLY way you can get 2% back on every purchase at the Home Depot is being a CFRI member. Even the

cashiers at Home Depot don’t know about this exclusive benefit.

Call 407-328-7773 to sign up for this awesome MONEY

FOUND program.

Use the CFRI phone number (407-328-7773) and get ADDITIONAL discounts of up to 20% on paints, everyday

discounts and lower volume pricing. Just write the number down and watch the savings!

CFRI Members Only! Great Benefits!!!CFRIwww.CFRI.net

Central FloridaRealty Investors

Est. 1989CFRI

IS ON THE MOVE!

Beginning July 2,CFRI’s General Meetingwill be held in the O.R.

Davis Auditorium at Edgewater High School

3100 Edgewater Drive in College Park.

Shark Tank With a Real Estate TwistWhat is Shark Tank?

It’s a reality show where entrepreneurs seek funding partners and guidance.

Why bring Shark Tank to CFRI?CFRI has recruited seasoned investors, our Sharks, who will determine

if the deals are the “real deal” or a “real dud.” This presentation is certainto be a great learning experience for the participants and audience.

July 2nd General MeetingEdgewater High School Performing Arts Center

Mark Your Calendar So You Don’t Miss This One-Of-A-Kind Presentation.


Welookatlotsofpropertieseveryweekandextensivelyuseformsandsystemstoassistus in looking at information on a property. By using the same forms and systems over and over, we find that we don’t “miss” important information and we eliminate mostoftheguessworkinvolved.Wehavediscovered that doing a small amount of research can provide us with information that we believe is necessary to make an informed decision on buying the property. More importantly, this data often helps us to NOT make a mistake. It’s really nice to know that uncovering little details of a property often leads us to find a gem that will be fun to buy and yield us a nice profit.

Whatcanyoufindoutbydoingresearch??It’s starts with the size and age of home, when did the current owners buy it, how it is really titled, what is the legal description, how much did they pay, how much do they owe, is it homestead or investment property,arethepropertytaxescurrent,arebacktaxesowedandwhereisthetaxbill sent, are there liens on the property, from code enforcement, homeowners/condo association or IRS, is the property in foreclosure, have the owners filed for bankruptcy- the list goes on and on. For land properties, we can add in zoning and future land use of the property.

Most of the research we pursue is web based. Wecandopilesofresearchinthecomfortof our own homes on our home computer/tablet,drinkingjuiceorcoffee,inourjammies.Manytimeswhilewearelookingat a certain property, we find a different home.Wethanwritedownthataddressandsometimewecandosomequickresearchand find out info about that property. Nearly every county in Florida allows web access

to (1) property appraiser records, (2) official public records of that county and (3) civil court records. The federal government has a site that allows us to check on bankruptcy.

Weusethepropertyappraiser’sdatatofind out details relating directly to the physical nature of the property, location maps/aerials, sometimes comparable sales in neighborhoods, plat information and assessedvalues.Weusetheofficialrecordsto look at deeds, mortgages, liens and those documents that are recorded either on the property or on the owner of the property. The civil court records allow us to view court case dockets that can tell us what is happeningwithforeclosureproperties.Wecan also access federal records to see if the property owners are in a bankruptcy action orhavetheyjusthadabankruptcyrecentlydischarged.

Once we have researched the property, we then preview the property to check its’ currentcondition.Weusuallyalsolookatother properties in the neighborhood that areforsale.Wecanthenseewhatneedstobe done to make our property comparable. If none of the neighbors have updates, then maybe we shouldn’t go “over the top” with our rehab; or if they all have spectacular landscaping, granite, upgrades galore, we better either match them or be so far under the market that we have an opportunity to sell the property.

Weusepropertyconditionformstocheckoff items that need repair and we use budget forms to calculate what we think the rehab willbe.Wehaveapropertyanalysisformwhere we can look at what we can sell the property for, less all the closing costs, less our rehab and suggested profit and come up

Research, Forms & Systems

Scott BantaCFRI Business Member and

Groups Director

seminar speaker with the bottom line of what we can pay for the property.Wehaveshortandlongformsforthis–we think this is incredibly important. The forms havelineitemsforjustabouteverythingwecanthinkof(includingprivatemoneycosts).Wefindthat using the forms for each property insures that we will not miss an item. Most new investors don’t take into account the private money costs: here’sagoodexampletoreview:sayyouhavean $ 80,000 purchase and you’re going to put in $ 20,000 in rehab. Total cost of $ 100,000. You borrow $ 70,000 from your private money lender, say at 12% with 2 points up front. The 2 points up front = $ 1,400. If you think you’ll have the money for3months,calculatethatyou’llbeinthere5months;so$70,000at12%is$700permonthx5months=$3,500.Add$1,400+$3,500=4,900for your cost of money. That’s a big number to “miss” in your budget.

By using research, forms and systems, we have standardized our process to find, budget and buyhomes.Weusetheinformationtomakeinformedpurchasedecisions.Wehopeyou’lljoinusonWednesday,July23rd as we go through our process.Weshareallofourformsandsystemswith you and look forward to helping your real estate career be more fun and profitable.

Scott Banta is on the CFRI Board this year and is the co-hosts of the Commercial and Land focus group. He has been full time in the real estatebusinesssince1977andhasextensiveexperienceinland,subdivisionandapartmentdevelopment. He has purchased and rehabbed nearly50homes.Heownsseveralrealestatecompanies and has an investor friendly property management company.

Learn the Art of QuickTurning or Flipping Properties New CFRI Focus Group

CFRI is proud to announce a new Focus Group concentrating on QuickTurning or Flipping Properties. The group will meet at an Eastern Orange County location on the 3rd Thursday of every month starting in July, 2014. The group will be hosted by Charles Fischer, former President of CFRI who is actively investing primarily in Brevard County. Regardless of your strategy in real estate, understanding the basics of wholesaling may be critical to your success. Some of the topics we’ll cover in the QuickTurn / Flipping Focus Group include:

• Dealing with local wholesalers – who are they, what are they selling, pricing, renovations, timing

• What to do when you find a property – how to write a contract, which forms to use• Closing / Funding – choosing team members, title companies, private or hard money

sources• How to quickly estimate any necessary repairs – whether for future rental, inexpensive

re-sale or full retail re-sale• How to find comparable properties – use of MLS, Zillow, Eppraisal, Trulia• Using websites to find / dispose of properties• How to market a property • Creating Buyer’s lists of people who you can sell to

This Focus Group will be hard charging, looking at deals, with concentration on getting you started – lots of practical information. See you there!


In2009myhusbandAllanandIboughta 3 bed/1 bath block home for $44,000 that is close to our other rental properties inKissimmee.Wepaidcashandspent$15,000onrenovations.Theafterrepairvalue was around $80,000.

Because of its location we would have preferred to keep it as a long-term rental. As with all our deals we analyze what our Return on Investment(ROI) would be as arental.Marketrentwasabout$850/monthforthishouse.After15yearsofmanaging our own properties we have learnedthatalltheexpensesalmostalways average out to 40% of the rents.

The cash flow in the first year ($6,120) divided by the total we spent to buy and renovate so it was rent ready (44K purchase+15Krepairs=$59,000)equalsthe Return on Investment(ROI) as a buy &holdproperty.

Not a “bad” return, for sure, but much less than we would want or could get for the time and work involved in managing the property and the tenants. AND with

$59,000cashintothedeal,wewantedto get as much of our money back as quicklyaspossible.Howcouldwekeepan investment in a house we liked AND increase our return?

A friend of one of the neighbors came by as we were putting the For Rent or Rent-to-Own sign in the yard and said “Wewanttobuyit!Andmymother-in-law has some down payment money togiveus!”Wesoldthemthehousefor$89,900withownerfinancing.Wereceivedadownpaymentof$24,900andstructured 10% interest only payments of $542/monthonthe$65,000notewitha10 year balloon.

Let’s compare our return as the note holder to the 10.4% return we would have earned if we kept it as a rental. Some of you may be thinking, well my return on the note is the 10% interest I am charging,right?Well,no.....it’swaybetterthanthat!Weareearning10%onthe$65,000note,butwehaveonlyinvested$34,100 into this deal (initial cash investmentof$59,000lessthedownpaymentreceivedof$24,900). This is where knowing how to use a financial calculator is essential. It helps us to determine our yield on long-term investments and makes it simpler to compare different offers and deals to each other.

Double The Yield with Less Workby Holding a Note vs. Managing a Rental Property

Robin DanielsCFRI Member & Focus Group

Leader

seminar speakerJoin me Saturday July 12th for a class on “Mastering the Financial Calculator for Real Estate Investors.” See more details on page 12.

Whatwillouryieldonthisnotebewhenthe balloon pays off in 10 years so we can compare it to holding the property as a rental?

Our yield for holding the note comes out to be 22%. More than double that of holding it as a rental!Weyielda22%returnbyjustcollecting a check each month without having to manage tenants, handle repairs or fill vacancies. The new owners of the house gettopayforthepropertytaxes,insuranceand maintenance. Wouldyouratherearn10.4%asalandlordor22% with no management responsibilities?Another way to ask this is: Wouldyouratherearn$510/monthhavinginvested$59,000asaproperty owner/manager?or$542/monthhavinginvested$34,100asanote holder?

Of course as the property owner you would also potentially benefit if the house appreciates in value, but that is not cash in hand today and only benefits you IF YOU SELLtheproperty.Wehaveneverpurchasedpropertyexpectingappreciationtogiveusthereturnwewant.Wealwayslookathowthe net rents can give us our desired cash flow today.

Whatelsecouldwehavedonewiththisdeal? I know some of you are thinking it......whatifwejustsoldthehouseforallcashafterwerehabbedit?Wewouldhavenettedabout$15,000.Butwewouldhavegivenup the future passive income stream from a property we know and like. Our goal is to createmorePASSIVEincomestreamsforourretirement. If we sold the house outright, we

havetokeepbuying,fixing,andsellingmorehouses....forever. But if we build more passive income streams we get more time at the beach!

Whatelsecanwedowiththefinancialcalculator? Wecandetermineouryieldonthenoteif:• The buyer stops paying us in 3 years• Theyrefinanceorsellthehousein5years• They cannot pay off the balloon in 10

years and we restructure their note • Wesellallorpartofthenotetoafriend’s

self-directed IRA who is happy earning 14%

• Weofferthenoteascollateralforan8%loan from a private lender to buy another property

(HINT: These are all opportunities to increase our yield even more)

Sign up for the calculator class on July 12th to find out “the rest of the story”...what really happened with this deal, and learn how to do all these calculations yourself to analyze your own deals.Itwillhelpyoumakequickeroffers,beabetter negotiator, and build wealth smarter andfaster.You’llreceiveanHP10bii+calculator and manual along with the class. It is a workshop, not a lecture, so come prepared for a lot of practical application of financial calculations for building wealth with real estate.

**Pleasedon’tuseyieldasyouronlycriteriainanalyzingadeal.A50%,100%orinfinite yield sound fabulous, but they aren’t guaranteed,andiftheyrequireatonoftime,hard work, tenant management, driving, research, rehab, and/or stress on your part for very little cash flow, then IT IS NOT SO FABULOUS.We’lltalkmoreaboutthatinclassonJuly12th.

***Also, if you are considering creating notes please refer to page 10 of the April 2014 issue of the CFRI Newsletter for Fern C. Burr’s greatsummaryof“TheDodd-FrankWallStreetReformandConsumerProtectionAct” regarding important regulations when offering owner financing to owner occupants.

$850/monthrentless40%expenses(taxes,insurance,maintenance)=$510/month X 12 = $6,120 Cash Flow in Year 1

Cash Flow Initial Cashin Year 1 Investment = ROI

$6,120 $59,000=10.4%

÷

÷

HerearetheentriesontheHP10biicalculatorto solve for our yield ( i ) on this note:

ni PVPMTFV120___-34,10054265,000


“Mastering the FinancialCalculatorfor Real Estate Investors”

with Robin DanielsSaturday, July 12

Be prepared to have FUN with FINANCEas you get more comfortable with crunching the numbers on your real estate deals.

In this hands-on workshop, you will learn how to:• Make quicker decisions on offers to make• Increase your return on an existing investment• Calculate mortgage payments and the principal balance left on an existing mortgage• Createinfinitereturnsbyusingmoneypartners

PLUS• Determine how much money you have/need for retirement• Figureoutinflations-adjustedreturnssoyoudon’trunoutofmoneybeforeyourun

out of time!• Calculate your yield when purchasing full and partial notes• Determine the Internal Rate of Return (IRR) on uneven income streams

ALSO• Avoidmakingcostlycalculatorerrorsthemanualsdon’ttellyouabout• Learn shortcuts and time saving tips on the calculator

AND• Findoutaboutthemissing“KEYS”onanyfinancialcalculatorthatareimportanttoconsiderinanyinvestment!

In addition to taking home your own calculator and manual, one participant willwin a door prize: “Taking the Mystery Out of Money” by Lonnie Scruggs, anexcellentbookonusingthefinancialcalculatorforbuildingwealthwithrealestate.

THISISNOTALECTURE!It will be interactive and fun.Youwillgethands-onexperienceworkingthroughmany examples and deals.

Classsizeislimitedsinceitisaworkshop,sosignupearly!See you on July 12th!

Date and Time

SaturdayJuly 12

9 am to 5 pm

LocationHerzing University

1865 SR 436Winter Park, FL 32792

MembersEarly

Registration thru 7/9 $118

Registration after 7/9 $138

Non-MembersEarly

Registration thru 7/9 $138

Registration after 7/9 $158

Class price includes a Hewlett Packard 10Bii+ calculator

and manual.

4 PHP Credits in Finance

3 PHP Credits in Purchasing

MasteringtheFinancialCalculatorSeminarSpeakerRobinDaniels leads the Advanced Investors Focus Group for CFRI and has been investing in real estate since 1998. She primarily buys and holds properties in Osceola and Orange County. She has invested in single family homes, duplexes, apartments, mobilehomes,timeshares,hardmoneyloans,notes,andhasjointventuredwithotherinvestorsonseveralprojects.Shehasboughtandsoldwithownerfinancing,blanketmortgages,wrap-aroundmortgagesandsubject-toexistingfinancing.

Class price includes a Hewlett Packard 10bii+ calculator

and manual.This is an interactive

Workshop!

Register online www.CFRI.net or call 407-328-7773

Is this a GOOD deal or BAD deal?

Date and Time

Wednesday, July 236:00 pm to 9:30 pm

LocationHerzing University

1865 S.R. 436Winter Park, FL 32792

Non-MembersEarly Registration

thru 7/21

$79

Registration after 7/21

$99

Part I – When your property leads present you a deal “Cash flow machine! over 20% ROI!”How do you know if it’s a “Deal” or “No Deal”? When you pass this little house with knee high weeds the 15th time on your morning run, how do you find out if it could be your next investment opportunity?

We’ll teach you How To Do the ResearchCome and get your answers at the July 23rd seminar!

• Specific details about the property• Who owns the property and how to find them? • Are there any liens on the property, how much, by whom?• Is the owner in bankruptcy?• And most importantly, do I even know enough about this property to make an offer?• We’ll give you websites and how to troll thru them to find your answers. • We’ll look at a specific case and go over 22 pages of documents so you’ll be familiar

with them and know what you’ll be finding in the public records

Part II – How to Analyze the PropertyWe’ll give you the forms and systems to use to preview the property, create the rehab budget and determine the purchase price you can spend on a particular property. The forms and systems help you to make sure you get all the numbers and that you don’t forget or leave anything out.

Join us from 6:00 pm to 9:30 pm on Wednesday, July 23rd This is a pure teaching seminar - nothing else sold, all forms are free.

Come and learn with CFRI board member, Leader and cohost of CFRI Commercial Focus Group, Scott Banta will teach you how he researches and analyzes properties that he purchases. He has bought 15 properties since last summer and is on track to buy 1 per week throughout 2014. Scott has over 40 years experience in Florida real estate land and apartment development, rehabbing, brokerage, and property management. Learn from a local expert the right way of doing your due diligence!

MembersEarly Registration

thru 7/21$59

Registration after 7/21

$79

Scott Banta

2 PHP Credits in Financing

and2 PHP Credits in Purchasing

Register online www.CFRI.net or call 407-328-7773


PersonalPrivacyisnon-existenttodaynomatter how hard real estate investors and small business owners work to implement entity structuring and asset protection strategies to keep your names off the public record.

Consider how many details you disclose about your life in social media and going about ALL your everyday personal and business affairs. It’s very easy for anyone to piece together bits of information available publicly that make up your identity and steal your identity with all the available details that you have ALREADY disclosed in several databases.

In discussions about identity theft, most of the focus is on credit card fraud but in this article I’dliketosharethe5AreasofIdentityTheftthat are most prevalent and rarely discussed that you need to be aware of as reported by the licensed investigators and fraud specialists of Kroll, the world’s leading risk consulting company.

1. Social Security Number TheftYour Social Security number (SSN) is a key component of your identity. The use of your SSN is found in many types of identity theft,includingemploymentandtaxfrauddiscussed here, and in other types of identity theft discussed below.

Employment fraud occurs when another individual uses your SSN and other personal identifyinginformation(PII)toobtainemployment. This results in additional wages being reported to the Social Security Administration (SSA), and can result in a loss of unemployment and disability benefits if the thief claims them in your name.

Taxissuescanalsoarisewhentheemployerreports the earned income to the Internal

RevenueService(IRS).Taxfraudfrequentlyoccursinconjunctionwithemploymentfraud,whereanindividualusesyourPIItoobtainemployment,andthenalsofilestaxesin your name, or it can occur as a separate instancewheresomeoneusesyourPIItofiletaxesbutdoesn’tobtainemployment.

RecallallthenewsreportsaroundtaxtimewheretheIRSissuedtaxrefundstocriminalswhofiledtaxreturnsinother’snames?

2. Medical Identity TheftMedical identity theft results from the fraudulentuseofyourPII,SSN,orhealthinsurance information to obtain medical goods and services, money through insurance fraud, or insurance coverage for treatments.

This may result in a number of problems for you that might include: a collection account for a past due bill, medical insurance filing errors, or distorted medical records that could affect your future medical treatment!

Medical identity theft is one of the more complicated and problematic types of identity theft that can occur. The reasons for these complications are mainly attributed to the lack of a central repository of medical history andtheextensiveprivacylawsinrelationtomedical file disclosure.

3. Criminal Identity TheftCriminal identity theft occurs when an individual who is arrested for a crime or ticketed for a violation supplies the arresting officerwithYOURPII.Thatmayincludeyour name, address, date of birth, or SSN. The imposter may even present a fake or stolen driver’s license to law enforcement, further legitimizing the identity thief’s claim to be you.

This may result in a criminal record that is associated directly with you. Depending on the original charge against the imposter, fines may be assessed, court hearings scheduled, and arrest warrants issued for your arrest without yourknowledge!Yikes!Tryexplainingthattoacop if you’re ever pulled over.

4. Financial Identity TheftFinancial identity theft involves the unauthorizeduseofyourPII,primarilyyourSSN, that can result in the establishment of new credit cards, loans of ANY type (payday loans, auto loans, mortgage loans, etc.), and bank accounts.

Itcanalsoincludethemisuseofexistingcreditor debit cards, forgery of your signature on stolen checks, and the creation of counterfeit checks displaying your information. Often the unauthorized creation of these accounts leads to collection efforts against you, the victim.

5. Driver’s License TheftTheftofyouractualdriver’slicenseorexposureof the driver’s license number can result in identity theft. A criminal could tamper with the actual license, adding his or her photo, or could simply make a counterfeit license using part or all of the data found on your original license.

Forexample,someoneisstoppedforatrafficviolation and he or she gives the officer your name and driver’s license number. A violation will be associated with you, which could show up on background checks and potentially result in an arrest warrant.

A driver’s license number can also be misused by someone who presents a bad check to a retailer and writes your driver’s license number on the check. This can prevent you from using your own legitimate checks.

Identity Theft is the #1 reported crime today and Florida is #1 in the country according to the FTC. You can’t PREVENT Identity Theft butjustasyouhaveauto,home,propertyand liability insurance, you should have a monitoring service for both your online and offline activities combined with an identity theft restoration service to help you deal with the aftermath of becoming a victim. You must be prepared to help yourself, your children, other family members and your employees who become victims.

Hundreds of hours of your time, your money,yourmentalenergyandunexpectedresources will go into cleaning up AFTER you discover that you’re a victim. Your best bet is to be insured and have peace of mind with experthelpALREADYonhandtoprepareyouinadvancejustasyouareproactivewithother types of insurance for emergencies, catastrophes and disasters. Feel free to contact me if you need further information on this type of “insurance.”

Inmynextinstallment,I’llsharewhatyou,your family members and employees need to do to be more proactive given the risks of the different types of Identity Thefts shared above and what to look for when evaluating an identity theft monitoring and restoration service.

Marlene Green CFRIBusinessMember&AssetManager2013CFRIVicePresident&PastBoardMemberLegalShield&IdentityTheftShieldIndependentAssociatewww.ProtectMyFamilyandBusiness.com

Marlene Green2013 CFRI Vice President andPast Board MemberCFRI Business Member

featured article

The 5 Areas of Identity Theft That You Need to Be Aware…

Rob Arnold, licensed real estate broker

Sand Dollar Realty Group, Inc.www.SDRhouses.com

407.389.7318

trust is vital.

In this market, you want an experienced Realtor on your side that has the knowledge, the ability, and the resources to keep you profitable.

• Full service realty office. We can help you find them, fix them, and then sell or rent them.

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Member Better Business Bureauof Central Florida

In business since 1996.


The property owners of a really nice house inWinterSpringscontacted Dawn Reed in response to one of her letters. The sellers desperately wanted to move to Arizona. This

was 2010 and Dawn was my student, a relatively new investor.

Wediscussedheroptionswiththisdealandherearetheresults.Usingexcellenttransactionengineeringskills,acquiredinthePACTProgram,shenegotiateda purchase price of $118,000. The sellers were asking$125,000,whichwasthemarketvalue.Theprice wasn’t the genius of this transaction; it was the terms.

Dawn learned the sellers’ needs and motivations. TheywantedtosellquicklyandmovetoArizonawhere they already had another home. She negotiated effectively and the sellers accepted her offerof$118,000with$5,000cashpaidtothematclosing.

Dawn would then take over the monthly payments onthe10yearsremainingonthe15-yearmortgage;this was the key to the deal. The mortgage balance was $103,000 with a monthly payment of $1,103 (P&I).Thesellersalsoagreedtoholda$10,000promissory note for the balance due to them. The property would be placed into a Land Trust and Dawn’sLLCwouldacquirethebeneficialinterestinthe Land Trust.

Dawn got it under contract; now all she needed was the money to close the deal, about $8,000. She approachedmywife,Audrey,tobeanequitypartnerandsplittheprofits50/50.Itsoundedandlookedlike a good medium to long-term investment even thoughtherewasn’tmuchequityatthetime.

This is one of those transactions where the deal actually produces the cash over time. Average investors most likely wouldn’t do a deal like this

because they wouldn’t know where to find the profit.

Each monthly mortgage payment was retiring close to $600 in principal and that amount would rise every month. Audrey agreed to provide the funds butnotasaloanorequitypartner.Instead,herIRApurchasedanoptiontobuya50%undividedinterestsometime in the future. This allowed all of the cash flowandtaxbenefitstogotoDawn.Thevalueoftheoptionincreasedovertimeandinsteadofexercisingher option to purchase an interest, her IRA simply sold the option at closing.

ThiswayAudrey‘sIRAhadnoincome(ortaxesowed). Dawn, who was managing the property, would receive all of the income and Audrey ‘s IRA would simply benefit from the two A’s of real estate, Amortization and Appreciation. The result is that after a number of tenants and tenant buyers, one finallyqualifiedfortheirmortgageandpurchasedthe property for $180,000.

During the four years of ownership, Dawn collected option fees and rental income that covered repairs, management,maintenance,taxesandinsurance.It also paid off the note held by the sellers. In spite of the fact that the underlying financing had a relatively high payment, she still managed to net about$4,000afterallexpenses.Thiswasherstokeep, plus half of the profit on a deal in which she had no personal money invested.

Audrey’s IRA was able to simply sell her option at closing and, after recovering her initial investment of $8,000, the ladies split a profit of $84,000. The returnfortheIRAwas46.7%tax-freeoverthefouryearperiodandDawn’sprofitqualifiesforlong-termcapitalgainscurrentlyat15%.

All I can say is, congratulations ladies!

Augie Byllott is a Lifetime member of CFRI and leadstheInvestmentTechniquesFocusGroupandOsceola Chapter. He is also a CFRI Success Team member and has been coaching investors since 2006.

Tom Rumph, VICE-PRESIDENT

June Deals of the Month

Augie Byllott withCFRI Vice President Tom Rumph

Deals of the month

Deal of the Month June 2014 By Augie Byllott

Lorraine Castro and her husband Richard Davenport have been involved in real estate for over 20 years and CFRI members since 2010. They currently own 14 units that are self-managed with some of those

purchased with private money. Lorraine also owns a real estate brokerage company in Altamonte Springs.

They received a call from a gentleman responding to one of their yellow letters. He owned a large three-bedroom, two and one-half bath house in a gated community that was in foreclosure and had been vacant for a couple years. He was tired of dealing with the sideeffectsoftheforeclosureandjustwantedto move on. They visited the property and estimated the After Repair Value (ARV) to be $359,000,whichincluded$5,000to$6,000forrepairs and cleanup. A higher ARV would be possible if the kitchen and bathrooms were updated.

The property had two mortgages totaling $292,000andthefirstmortgagewasinpre-foreclosure (lis pendens filed). The Home Owners Association was also owed $7,800. Thetotaldebtexceededtheproperty’smarketvalue in its current condition. Many investors would have walked away, but Lorraine contacted the second mortgage holder and negotiated a debt reduction of $87,000. Now thatthedealhadequity,theydecidedtoquicklyrepairandsellitbeforethepropertywas scheduled for auction. Otherwise, they would have to come up with the cash to purchase, repair and sell the house. The strategy seemed plausible; however, the seller, who was not in the best of health, would not respond to calls for weeks. After not hearing from the seller for over a month, they thought the deal was dead. Only through continued follow-up did they finally reach the seller

to sign all the paperwork, which included deeding the property to a land trust.

Richard completed the cleanup and repairs. Lorrainelistedthepropertyfor$299,000andtogether they went on a previously scheduled vacation. They returned after one week to multiple offers, and they accepted the highest and best. The first buyer dropped out when the home inspector found polybutylene pipingw. Richard and Lorraine accepted the nexthighestbidof$320,000,agreedtoreplacetheplumbing,andcontributed$9,000tothebuyer’s closing costs.

The Property:• 3 Bedrooms, 2 1/2 Baths

• 2 Car Garage

• 2,792/3,329living/totalsqft

• Yearbuilt:1989

• Pool

• WekivaRiverTributary

Deal SummaryFirstMortgage(TakenSubject-To)$185,000SecondMortgagePayoff$20,000Repairs&Cleanup$10,304HoldingCost$5,780Other Costs (seller concessions,HOAfees,salescommission)$24,899TOTALCOST $245,983SALESPRICE $320,000NET PROFIT $ 74,017

The entire deal was completedinexactly3months!

wPolybutyleneisgreyplasticpipingthatwasmanufacturedbetween1978and1995and used for hot and cold drinking water. Polybutylenewaterpipesarenolongeraccepted by United States building codes andhavebeenthesubjectofclassactionlawsuits in both Canada and the US.

Lorraine Castro withCFRI Vice President Tom Rumph

Lorraine Castro and Richard Davenport and– Sweetwater Springs Flip

DEAL2

Deals of the month

DEAL1


business directory

Type of Business Company Name Phone Website Primary Contact

Appliances Appliance Liquidators 407-278-1233 http://globalapplianceliquidators.com Kiomarie Wilson

Attorney Brown Law Firm, PL 407-347-4908 www.BrownLawFirmPL.com Tyler Brown

Attorney Charles P. Castellon, P.A. 407-851-0201 www.centralflattorney.com Charles Castellon

Attorney The Law Office of Jeremy Thakurdin Assoc., PA 407-589-0252 www.thakurdinlaw.com Jeremy Thakurdin

Attorney Joseph E. Seagle, PA 407-770-0100 www.seaglelaw.com Joseph Seagle

Attorney Richards Law Firm, PA 407-539-0781 Hope Richards

Attorney Roland H. Acosta & Associates, P. A. 407-644-2531 www.acostaatlaw.com Roland Acosta

Auctioneer Jim Ferrell's Fun Live Auctions 407-765-4682 www.JimFerrell.com Jim Ferrell

Bank Citizens Bank of Florida 321-663-0674 www.mycbfl.com Tim Hendricks

Bookkeeping/Office Assistance Priority Admin & Bookkeeping Services 321-946-0780 www.prioritysvcs.com Cheri Yandell

Consultant-Financial Pegasus Financing, Inc. 407-281-7822 http://www.pegasusfinancing.com/ Larry Rumbough

Consultant-Financial Hilco Real Estate Finance 407-431-6110 www.hilcorealestatefinance.com Aliah Franco

Consultant-Construction Mark Orman Construction 321-945-2500 markormanconstruction.com Mark Orman

Contractor - Air Conditioning Air Conditioning Experts Inc. 407-266-5464 www.407cooling.com Harold Gentry

Contractor- Air Conditioning Airtronics of Central Florida 407-388-1772 Thomas Beckwith

Contractor - Air Conditioning Cool Zone A/C 407-859-1940 mycoolzoneac.com Mark Adams

Contractor- Building General Neslo Construction, Inc. 407-760-7952 James Olsen

Contractor - Building General Sherwood Construction 407-703-3688 sherwoodconstruction.net Woody Johnson

Contractor - Roofing Alan's Roofing Inc. 407-488-0406 www.alansroofinginc.com Leonard Gonzalez

CPA T. Shepard Burr PA CPA 407-645-4775 Shep Burr, CPA

CPA - Incorporation Services Small Business Resources USA, Inc 407-298-4646 www.sbrorlando.com James Duerr, CPA

CFRI Success Team Member Ardnas, Inc. 407-310-4007 www.ArdnasInc.com Sandra Edmond

CFRI Success Team Member Charles Fischer 321-302-5909 charlesafischer.com Charles Fischer

CFRI Success Team Member Creating Wealth USA, LLC 863-662-9429 www.PactProsperity.com Augie Byllott

CFRI Success Team Member Fern C. Burr 407-330-2855 www.MortgageFlorida.biz Fern C. Burr

CFRI Success Team Member Real Wealth Publishing 321-501-1855 www.myrealwealth.com Chris McClatchey

Flooring SotoAAAA Inc. 407-722-2293 Adan Duran

Inspections Mark's Guaranteed Home Inspections 321-945-2500 www.marks3.com Mark Orman

Inspections ACS Home Inspection Services 407 862 8063 ACSHomeInspectionServices.com Brian Sullivan

Inspections The Inspectagator 407-678-4663 www.inspectagator.com Jon Bolton

Insurance Business Insurance Services 407-657-3777 R. J. Randall

Insurance-Legal Services Legalshield/Identity Theft Shield 504-519-0260 protectmyfamilyand business.com Marlene Green

Locksmith Mr. Rekey of Orlando 407-207-0272 www.rekey.com Daniel Lewis

Land Trust Services Common Wealth Trust Services, LLC 407-851-0201 CommonWealthLandTrust.com Augie Byllott

Marketing Bay Run Enterprises LLC 407-339-0066 Linda Bennett

Marketing Marketing 2.0 407-479-8591 http:/makingagentsrich.com Jonathan Rivera

Mortgages Mortgage Professionals of Central Florida 407-330-2855 www.MortgageFlorida.biz Fern C. Burr

Mortgages Patriot Home Funding, Inc. 877-377-8123 myphf.com Pierce Outlaw

Type of Business Company Name Phone Website Primary Contact

Mortgages The Mortgage Firm, Inc. 407-275-5112 www.themortgagefirm.com Jonathan Czarny

Mortgages - Hard Money Secured Investment Lending 407-878-2830 SecuredInvestmentLending.com Trey Aulls

Mortgages - Hard Money Equity Mortgage Resources, Inc. 863-401-5760 Isabel Gordon

Mortgages - Hard Money Investors Mortgage LLC 386-736-3511 www.investorsmtg.net Pat Kiehl

Mortgages - Hard Money Private Money Network 386-626-2062 Robert Burozski

Property Management All County Premier Property Management 407-601-5493 allcountypremier.com Jim Kitchens

Property Management All County Sterling Property Management 407-674-5601 www.AllCountySterling.com James Kitchens

Property Management Sand Dollar Property Management 407-246-7118 www.cflpropertymanager.com Rob Arnold

Property Management Home Pro Real Estate 863-604-6040 www.homeprorealestate.com Scott Banta

Property Management Luker Properties Group LLC 321-244-2542 lukerpropertiesgroup.com Tom Luker

Property Management The Realty Medics 321-947-7653 www.therealtymedics.com Ben Sencenbaugh

Real Estate Brokerage Might Realty 407-403-6540 www.mightyrealty.com Aaron Mighty

Real Estate Brokerage Equity First Realty 407-816-6655 www.equityfirst.net Ben Yonge

Real Estate Brokerage Florida Home Realty & Investments 407-209-3346 floridahri.com Danny Vargas

Real Estate Brokerage Real Estate Investment Source 407-878-2830 WWW.REISFL.com Trey Aulls

Real Estate Brokerage Sand Dollar Realty Group, Inc. 407-389-7318 www.SDRhouses.com Rob Arnold

Real Estate Investments Altura Investment Realty, Inc, 407-622-7148 www.alturainvestments.com Ron Richards

Real Estate Investments C & B Home Acquisitions, LLC 407-484-9915 www.ilove2buyhouses.com Christa Hixon

Real Estate Investments Creative Homes of Orlando 407-694-7502 www.creativehomesfl.com Kevin Mernan

Real Estate Investments Florida House Hunters, Inc. 321-348-8577 floridahousehuntersinc.com Buddy Hodges

Real Estate Investments Freshly Squeezed Homes 407-608-2429 Sean Boswell

Real Estate Investments Homes To Own 407-335-6591 Eric Sandhaus

Real Estate Investments Perko Property Solutions 386-314-0000 Karl Koberg

Repair & Renovation Home Fixers Orlando 407-929-0750 www.homefixers.com Greg Clarkson

Repair & Renovation Berman Property Maintenance & Company 407-522-7140 www.bermancorp.com Marty Berman

Self Directed IRAs Nuview IRA, Inc. 407-367-3472 www.NuViewIRA.com Glen Mather

Staging Showhomes 407-331-7515 www.showhomes.com Chalmers Greenlee

Title Company Equity Title, Inc. 863-802-9300 www.equity-title.com Sue Fulco

Title Company Esquire Title Company 407-851-0201 Charles Castellon

Title Company Everest Title Group, LLC 407-277-3700 www.everesttitlegroup.com James Lawhun

Title Company Mizz Title Group, Inc. 352-241-6363 www.mizztitlegroup,inc Wendy Morris

Title Company Orlando Title Professionals, LLC 407-443-4506 www.orlandotitlepros.com Tom Vuong

Title Company Southeast Professional Title 407-539-0781 [email protected] Ryan Kopczyk

Website/Technology Services Visulate LLC 321 698 5198 www.visulate.com Susan Goldthorp

Wholesale Properties 407CHEAP.com 407-617-4289 407CHEAP.com Todd Hutcheson

Wholesale Properties Equity First Realty 407-816-6655 www.equityfirst.net Ben Yonge

Wholesale Properties Investisource 407-951-8848 investisource.com Susie Reale

Wholesale Properties Investment Homes Direct 407.246.6443 Investment Homes Direct.com Calvin Brown

Wholesale Properties New Beginningz Real Estate Group 407-923-8890 www.CheapHomeDeals.net Anthony Kusky


WOMEN INVESTORS*, with Audrey Byllott + Marie BravoFocus Group. Discuss issues that women face in the real estate investment business and how to support each other. (Meets at 11:30 am, Orlando. Second Monday of Each Month.)

July 14focus group

July

li

ne-

up

up

com

ing

ev

ents

NOTE ** Mandatory for both new General Members and Business Members.

county chapter

CFRI VOLUSIA COUNTY, with Art Musselman + Bob BurozskiChapter. Email [email protected]. (Networking at 6:00 PM. Meeting at 6:30 PM. Best Western Plus International Speedway Hotel, 2620 W. International Blvd., Daytona Beach, 32114. Last Thursday of Each Month)

July 31

ADVANCED INVESTORS*, with Robin DanielsFocus Group. Limited openings—email application from CFRI Online Library to leader. Experienced investors meet for lunch weekly to network, buy, sell, and listen to speakers. (Meets at Noon, Orlando. Every Thursday.)

July 3, 10, 17, 24, 31

CENTRAL FLORIDA REALTY INVESTORS GENERAL MEETINGOur signature monthly networking and educational event. July’s meeting features “Shark Tank.” (Meeting 6:00 - 9:00 pm, NEW LOCATION – Edgewater High School, 3100 Edgewater Drive, Orlando, FL 32804. (First Wednesday of Each Month.)

July 2 generalmeeting

MONEY 101*, with Nora Gregory + Steve GoldherszFocus Group. Identify and explore how non-bank money can work for you. (Meets at 6:30 pm, Lake Mary. First Tuesday of Each Month.)

July 1 focus group

KEY * Open to ONLY CFRI Members, space providing. To participate, login to www.CFRI.net and register EACH month a minimum of ONE DAY before the event.

CFRI OSCEOLA COUNTY, with Augie Byllott Chapter. Email [email protected]. (Meets at 6:30 pm, Holiday Inn Maingate East, 5711 W. US Hwy 192, Kissimmee. Second Monday of Each Month.)

July 14

CFRI SEMINOLE COUNTY, with Marty Orefice + Dave DostalChapter. Email [email protected]. (Meets at 6:30 pm, at the Herzing University, 1865 SR 436, Winter Park. Second Tuesday Of Each Month.)

July 8

CFRI BREVARD COUNTY, with Chris McClatchey & Charles FischerChapter. Email [email protected]. 321-453-2300. (Meets at 6:30 pm to 8:30 pm, Space Coast Association of Realtors, 105 McLeod St., Merritt Island. Third Tuesday of Each Month.)

July 15

COMMERCIAL & LAND DEVELOPMENT*, with Josh Harris & Scott BantaFocus Group. Explore land development and different aspects of commercial investing. (Meets at 6:30 pm, Orlando/UCF area. First Monday of Each Month.)

July 7

TAX-DEFERRED REAL ESTATE INVESTMENTS*, with Ron PruittFocus Group. Learn how to fully utilize self-directed IRAs and 1031 exchanges. (Meets at 6:30 pm, Altamonte Springs. First Thursday of Each Month.)

July 3

CFRI LAKE COUNTY, with Kristine Baker

Chapter. Email [email protected]. 352-256-9940. (Meets at 6:30 pm, The Holiday Inn Express, 1810 South US 27, Clermont. Second Wednesday of Each Month.)

July 9

LANDLORDING AND PROPERTY MANAGEMENT*, with Sue GoldthorpFocus Group. Learn all aspects of being a landlord such as screening the tenant, evictions, how to handle the 3:00 a.m. phone call, etc. (Meets at 6:30 pm, Orlando. Second Thursday of Each Month.)

July 10

CFRI ORIENTATION**, with Krystal LittleGet Oriented! (New business members meet at 6:30 - 7:00 pm. New General Members meet at 7:00 - 7:30 pm, Herzing University, 1865 SR 436, Room 202, Winter Park, FL 32792. Second Wednesday of the month.)

July 9

July 9

QUICK START FOR RE INVESTORS*, with Adam Sleap + Fern BurrFocus Group - Limited Openings - email [email protected] for new investors including Quick Turn real estate, Landlording, Negotiating, plus others. Starts at 7:30 pm. Herzing University, 1865 SR 436, Room 202, Winter Park, FL 32792.

FORECLOSURES, SHORT SALES, & REOs*, with Ivan Salvador Focus Group. Explore different investing techniques, including foreclosures, short sales, and REOs. (Meets at 6:30 pm, Orlando. Third Monday of each month.)

July 21

Chapter. Email [email protected]. 407-328-7773. (Meets at 5:30 pm, Marks Street Senior Center, 99 E. Marks St., Orlando, 32803. Third Wednesday of Each Month.)

July 16

CFRI ORANGE COUNTY, with Doug Mascio

REAL ESTATE INVESTMENT TECHNIQUES*, with Augie Byllott + Christa HixonFocus Group. Limited openings—email [email protected]. Explore utilizing different investment techniques. (Meets at 6:30 pm, Orlando. Fourth Monday of Each Month.)

July 28

BUSINESS & TAX STRATEGIES*, with James K. Duerr, CPAReal estate investing with an emphasis on entity structuring and varying tax treatments. Email [email protected]. 407-298-4646. (Meets at 6:30 pm, Orlando. Last Wednesday of Each Month.)

July 30

REAL ESTATE LAW with Charles CastellonFocus Group – Limited Openings. Discuss all aspects of Real Estate law with an experienced Real Estate attorney. (Meets at 6:30 pm, Orlando. Last Tuesday of Each Month.)

July 29

June 28

IS THIS A GOOD OR BAD DEAL?, with Scott BantaSeminar.JoinScottBantaforIsThisAGoodorABadDeal?Meetsfrom6:00pm-9:30pmatHerzingUniversity,1865SR436,Room202,WinterPark,FL32792.

July 23

QUICKTURN / FLIPPING with Charles Fischer Focus Group. Explore the basics of wholesaling. Email [email protected]. (Meets at 6:30 pm, Orlando. Third Thursday of each month.)

July 17

MASTERING THE FINANCIAL CALCULATOR FORREAL ESTATE INVESTORSCFRI Advanced Investor Group Leader, Robin Daniels will simplify the financial calculator and show you how to use the time value of money to buy notes. LIMITED SEATING! Meets 9:00 AM to 5:00 PM at Herzing University, 1865 SR 436, Room 202, Winter Park, FL 32792.

July 12


Don’t Miss This Opportunity...

Location: Edgewater High School Performing Arts Center

3100 Edgewater Drive, Orlando, FL 32804

Date: July 2, 2014

Time: Doors open at 5:15 PM for networking General Meeting begins at 6:00 PM Shark Tank begins at 7:30 PM

cfri announcements

DIRECTHARD MONEY LENDER

Contact:

Jon Doss(407) [email protected]# 784125

1-2 Year Loans Up to 65% of After Repaired Value!

WWW.SECUREDINVESTMENTLENDING.COM

Wholesale Properties • REOs Bank Owned Short Sales • Flips • Rentals

Don’t forget, we also pay cash for properties!

WWW.PROPERTIESCHEAP.COM

Offices:3840 Saint John’s Parkway

Sanford, FL 32771(407) 878-2830

FOR SALE WITH CASH OR HARD MONEY

WE LEND ONRESIDENTIAL • COMMERCIAL

CASH-OUTS • RENTALSNEW CONSTRUCTION

MULTI-FAMILYFLIPS/REHABS

July 2, 2014 CFRI General Meeting featuring “Shark Tank”

July 12, 2014 Long Term Wealth Building: The Time Value of Money with Robin Daniels

July 23, 2014 Is This A Good or Bad Deal? with Scott Banta

(All meetings subject to change.)

GENERAL MEETING Meeting Starts at 6:00 pm, 1st Wednesday of Each Month,

Orlando Science Center, 777 E. Princeton Street, Orlando, FL 32803

COUNTY MEETINGS Visit www.CFRI.net and click on “Calendar”

or visit www.cfri.net for dates and times

312 Wilshire Blvd. • Casselberry, FL 32707 • P 407-328-7773 • F 407-328-4446 • www.cfri.net Expires 7/31/2014

Our Gift To You! Enjoy!

GUESTP A S S

PLEASE BE OUR GUEST (A $20 VALUE)COMPLIMENTS OF CFRI BUSINESS MEMBERS

NAME: _______________________________________________________

DATE: _______________________________________________________

COUPON SOURCE: _____________________________________________

Thank you for your support!

Sponsor the General Meeting for $250. Get a premium table location and time on stage to promote your business.

If your business would like to sponsor the General Meeting, contact [email protected] or call (407) 328-7773.

Sponsor a CFRIGeneral Meeting

CODE CFRINEWSLETTER

• Get a premium table location

• Ability to pass out information in the Auditorium

• 5-10 minutes on stage to promote your business

S U N D A Y M O N D A Y T U E S D A Y W E D N E S D A Y T H U R S D A Y F R I D A Y S A T U R D A Y

1MonEy 101 6:30 pm

2GEnERAL MEETInG * nEw LoCATIon EDGEwATER hIGh sChooL 6:00 pm

3ADVAnCED InVEsToRs LUnCh Lunch 12:00 pm

TAX-DEFERRED REAL EsTATE InVEsTMEnTs 6:30 pm

4 5

6 7 CoMMERCIAL & LAnD DEVELoPMEnT 6:30 pm

8sEMInoLE CoUnTy 6:30 pm

9LAKE CoUnTy 6:30 pm

CFRI oRIEnTATIon 6:30 pm

QUICK sTART FoCUs GRoUP 7:30 pm

10 ADVAnCED InVEsToRs LUnCh Lunch 12:00 pm

LAnDLoRDInG AnD PRoPERTy MAnAGEMEnT 6:30 pm

11 12MAsTERInG ThE FInAnCIAL CALCULAToR FoR REAL EsTATE InVEsToRs 9:00 am

13 14woMEn InVEsToRs 11:30 am

osCEoLA CoUnTy 6:30 pm

15bREVARD CoUnTy 6:30 pm

16 oRAnGE CoUnTy 5:30 pm


QUICKTURn / FLIPPInG FoCUs GRoUP 6:30 pm

18 19

20

21FoRECLosUREs, shoRT sALEs, & REos 6:30 pm

22 23Is ThIs A GooD oR bAD DEAL? 6:00 - 9:30 PM


25 26

27 28REAL EsTATE InVEsTMEnT TEChnIQUEs 6:30 pm

29REAL EsTATE LAw 6:30 pm

30bUsInEss AnD TAX sTRATEGIEs 6:30 pm

31

ADVAnCED InVEsToRs LUnCh Lunch 12:00 pm

VoLUsIA CoUnTy 6:30 pm

Return Service RequestedCentral Florida Realty Investors312 Wilshire Boulevard Casselberry, FL 32707

The monthly calendar provides an at-a-glance overviewof events detailed on the Upcoming Events page.

For complete descriptions, please turn to page 20

calendarCFRI

J u l y

aCFRIwww.CFRI.net

Central FloridRealty Investors

Est. 1989