WPREIA Newsletter – May 2017 · Great opportunity to make a nice fix and flip profit Call Bonnie for details 412.427.2593 Looking to get 74k also willing to sell as a subject-too

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WPREIA Newsletter – May 2017

Our next meeting is scheduled for Tuesday, May 16th Greater Pittsburgh Masonic Center in Ross Twp

3579 Masonic Way, Pittsburgh, PA 15237

$10 at the Door If your membership has expired and you aren’t ready to renew yet, or if you have visited the club

as a guest and are still deciding whether to join, you are welcome to join us for the monthly

meeting but you will be asked to pay $10 at the door. While an annual membership is cheaper

than paying $10 at each meeting, we understand that this pay-as-you-come option is a better fit

for some. Note that first-time guests are still free.

Main Meeting: 6:00 – 7:00 Pizza Networking – Informal networking opportunity before the meeting (let me

know by Noon on Tuesday if you are planning to attend, so enough pizza can be

ordered)

7:00 – 8:00 Club Announcements / Special Presentation - I’m always working on something

new, and if you miss the meeting you won’t know what that is.

Legal Minute with attorney Rob Xides

Accounting Minute with accountant Marty Schwartz

Landlord Minute with Chuck Pupich

Properties for sale – Members can present one property for sale. Bring your For Sale

properties to the meeting, setup flyers on our For Sale table, and make some money

while you learn.

8:00 – 9:00 Wholesaling with Brian Snyder

Logistics:

Properties for Sale Table – I love this table idea. I wish I could remember who I stole this idea

from so I could give them credit. I think it was RICH Club from Houston. Even if it wasn’t, they do

a lot of good things and deserve credit for something.

Vendor Tables – Vendors are encouraged to set up trade show style in our vendor area.

Sub-Group Table – Don’t forget to look at the sub group table. We have a bunch of sub groups

now and you are bound to be interested in at least one of them. These groups are designed to

supplement the main meetings.


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Charity Table – Will be inside the main room this month. We are collecting for the Veterans

Leadership Program and they need a lot of help.

Online Club Calendar – In case you missed it, we added a calendar to the PittsburghREIA.com

website. This way we can keep track of recurring sub-group meetings and club activities all in

one place. Find it under the Events tab.

Membership Renewals

If you need to renew your membership before the meeting then just follow this link

http://pittsburghreia.com/membership/membership_application_form.pdf then print out your application and

bring it in with your check. It is that simple.

…Below is newsletter content that was sent in advance, for those of you who

prefer to read smaller chunks of information more often. It’s being

included for those who missed it…

(May 13)

Houses for sale, lines of credit, and an update Let me start off with a question. Do you know anyone in Japan? It is an odd but very important question. Please contact me if you do. [email protected] --------------------------------------------------------------------------------------------------- Now for something for everybody. Are you looking to take your real estate career to the next level? Unlimited Nationwide Pre-Foreclosure Leads Absentee Owner Leads Bankruptcy Leads Free & Clear Leads Tax Lien Leads High Equity Leads Low Equity Leads Upside Down Leads Cash Buyer Leads Renter Leads Private Lender Leads

http://pittsburghreia.com/membership/membership_application_form.pdf


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Direct Mail Engine 22 Seller Lead Generation Postcards 4 Buyer Lead Generation Postcards 1 Private Lender Lead Generation Postcard 36 Seller Lead Generation “Handwritten Stationary” Letters 7 Buyer Lead Generation “Handwritten Stationary” Letters 4 Private Lender Lead Generation “Handwritten Stationary” Letters 4 Professional Brochures Website Unlimited Lead Generation Websites (With 100+ Design Combinations) Search Engine Optimized Core Website ALL TOOLS UNLIMITED Phone and Email Support Mobile SMS Marketing System Voice Broadcast Email Email Autoresponders (Pre-Built) Smooth Fax CRM Calendar Task Manager Notes Document Storage Property Database Contact Database Comping Tool Deal Analyzer Hammerpoint Repair Estimator Hammerpoint Rehab Planner Seller Script Expense Tracker Paperless Office Auto Form Creator


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Power Linking Power Matching Sellpoint Marketing Pages Click this link for a free trial http://realeflow.com/nreic/?id=106554 --------------------------------------------------------------------------------------------------- Hey Josh, Can you please send this update out to the group: Next Thursday (05/18/17) at 630 PM will be our Monthly South Hills Networking Group. This month we will be having a round table with a local attorney to go over any legal questions that you might have! As always bring any other questions or items that you'd like to talk about and we can go over them. The location is below: Banksville Eat and Park 1250 Banksville Rd Pittsburgh, PA 15216 Let me know if you have any questions, but I look forward to seeing you there! Tony Angotti Real Estate Salesperson, RE Investor, Keller Williams O: 412-831-3800 || C: 412-605-8233 -------------------------------------------------------------------------- Potential flip in Mt Washington Hi Josh, Below is the information on this property. -I bought it as a duplex in the Duquesne Heights side of Mount Washington 5-6 months ago and I have been rehabbing it since. - It is a top and bottom duplex. - Bottom is 1 bed/1 bath 900 sq ft - Bottom is 2 bed/1 bath 1,100 sq ft - The issue I'm having is that I discovered that the occupancy certificate doesn't exist for it being a duplex when I went to pull permits for the outside electrical work. (It's listed as a duplex with the county and everywhere else.) Apparently my GC pulled building permits for the work we've done as a single family home without me knowing that is was a single family permit. My hard money lender loan if due in August, so I don't have time to wait for the zoning board and I don't have the energy to switch the


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property over to single family. - Some of what we've done: - New roof - Rewired electrical except for the outside and panel - Two new furnaces and duct work - New windows - New exterior doors - Fire restoration - Mold removal with 2 year transferable warranty -New plumbing - Tiled bathroom floors - Tiled upper unit shower - Repaired/ replaced siding on the front I'm looking to get $90k right now to get my money back. The after repair value is around $150k. with $20k-$25k left to do it nice. You can rent it as a single family for $1,250 - $1,500 or if it's a duplex for $1,100 upstairs, and $900 downstairs. Please, let me know if you have any questions or want to see it. I think it still has a lot of potential if it's in more experienced hands. Thanks! Jeff Swartz, Main Office: 412.224.2100 Direct: 412.458.1264 Cell: 972.978.9391 Fax: 412.256.9888 Email: [email protected] ----------------------------------------------------------------------------------------------------------------- Carnegie house for sale, take over payments !!! 3 bedroom frame ranch with Craftsman style. Hardwoods. Gas fireplace. Gas hot water heat. 1 car integral garage. Basement dry / high ceilings / plumbed for half bath. Corner lot . Bathfitter's tub and surround about 7 years ago. Hardwoods in good shape. Refinished 1x. Older stainless front frig and range included. No dishwasher. Ample kitchen cabinets. Counter top will work for a rental but not for a flip Needs a roof and new windows. Excellent paying tenant in place for last 18 months at under market amount of $ 825 plus all utilities. Tenant professionally repainted interior just over 1 year ago. Large


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level back yard With roof and windows, market rent would be closer to $ 975. This is Chartiers Valley Schools Great opportunity to make a nice fix and flip profit Call Bonnie for details 412.427.2593 Looking to get 74k also willing to sell as a subject-too deal - Current interest is 292 principal 341 escrow 184 I can install a new roof at 80 K some photos of the house www.729orchard.webs.com ----------------------------------------------------------------------------------------- Looking for business line of credit?? Get access to working capital when you need it. •Prime Rate plus 0% for 12 months.1 • $10,000 - $100,000 credit available. • Eligible on new RLOC lines only. • Must have or open a KeyBank Contact Gary Flasco Key Bank 412 331 0150 Powered by: http://app.getresponse.com/referral.html?x=a62b&c=zs0e&u=SjrP&y=B&

(May 10)

Cash Flow Game Cancelled Tonight Our cash flow leader is out of town doing deals in the real world The cash flow game will be back on next month. Same time, same place. --------------------------------------------------------------------------------------------------- How to Handle Problem Tenants : The Criminal theRRD Posted on April 5, 2017 The Criminal There are many instances of encounters with a horrible tenant, not all of which result in a court action.


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Once the lease agreement is signed and keys are exchanged, a landlord or property manager can only hope things go smoothly. Unfortunately, that’s not always the case when it comes to dealing with unpleasant situations regarding tenants. Here are some issues with tenants some of our clients have experienced, and which you may want to try and avoid. The Criminal This is an evolving issue, as there has lately been a lot of new legislation about whether you can deny rental to a person with a criminal history. Typically, if it can be shown that the crime they have been convicted of is directly related to a tenancy (ie: dealing/doing drugs from their previous apartment), then a landlord may be able to deny rental. Prior to making any decision, however, the landlord really should brush up on their current local laws. This type of tenant can create dangerous situations for not only themselves but for the community and neighbors as well. HOW TO HANDLE THE PROBLEM Communication Again, communication is key. If you run a background check and it comes up with a positive hit for a crime, ask them about it. Find out if: 1) it actually is the same person, 2) if so, what were the extenuating circumstances. Do not just have a blanket policy of denial, as many times a criminal record may go back a long time and that person is no longer the same person they were when they committed the crime. Know your local law enforcement Attend crime watch meetings and actively participate in community watch programs. Encourage your community to speak up and participate as well. Get to know your local law enforcement and ask them to patrol your property. Many times the presence of the police will deter such issues Ultimately, as a landlord or property manager, you won’t always know what type of tenants you will be dealing with until you’re in the leasing process. However, comprehensive tenant screening should give you an idea. Past behavior is a likely dictator of future behavior. Remember to always clearly state the expectations and outline the consequences of breaking the rules in the lease agreement. As it is a legally binding document, it can guide and protect most any situation you encounter. One of the easiest ways to address tenant problems is to avoid them altogether.

(May 9)

Lots of events this week, and lots of houses for sale

We are only one week away from the main Pittsburgh REIA monthly meeting. It is time to start getting excited. You are in for a treat this month, as our very own Brian Snyder will be teaching us how to make money by wholesaling houses. There is no theory here, Brian actually does this right here in Pittsburgh.


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Next month we have Kathy “The Marketing Magic Lady” Kennebrook, coming in to teach us how to market, and create your own deals that nobody else knows about. So you want to do your best to make it to both meetings, as these two subjects are very much linked. ------------------------------------------------------------------------------------------- Now for this week. Today is the Commercial Sub Group meeting at 7PM We have a few live deals to chat about, and all are welcome to bring their own deals and ask questions. This is a learning environment. We meet at the Eat N Park in Robinson, in the side room. Look for us there. ----------------------------------------------------------------------------------------------- Tomorrow (Wednesday) is a presentation from Ambit Energy. This is how we make money by saving people money on their gas and electric bills, super simple, super profitable. This event is at 730, at the Crown Plaza Hotel in Green Tree. 401 Holiday Dr, Green Tree PA 15220. Look for me. ----------------------------------------------------------------------------------------------- Thursday is the 5th annual DiCerbo Property Vendor Show. This is always a fun event. This year there will be over 80 vendors, everything for a real estate investor. Antonelli Event Center Address 100 Colony Dr, Irwin, PA 15642 From 5 PM to 8PM ------------------------------------------------------------------------------------------------ Saturday This is sure to be a favorite! We've packed information into the 2 hour Meetup, covering the big questions: Should I buy and hold? How can I invest with Alex ? What are the disadvantages of buy and flip? What's the best strategy for highest return on my investment ? We are introducing several new projects, several duplex units to hold , and four or more buy and flip homes. We also will open two spots for eqjuity partnerships. Don't forget to RSVP - [email protected]


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See you there! Alex and the team: Lisa, Bill, Tony, and Bonnie --------------------------------------------------------------------------------------------------------------------- A special offer from the Queen of Rehab, Robyn Thompson “…Learn why thousands of Robyn’s students are building MASSIVE WEALTH even in worst economic climate we have seen in decades. Learn how you could put $7000 in your checkbook in the next 30 days, so your checkbook will stop crying from lack of nourishment!” All for just $2 Here is the link: https://uma86337.isrefer.com/go/2buck/JCaldwell/ ------------------------------------------------------------------------------------------------------- Properties for Sale West Allegheny School District townhouse with 100% owner financing Beautiful 3 bed 2.5 bath with garage for sale. Monthly payments are less than rent. This house won’t hit the market until this weekend, so don’t hesitate. Home Warranty and all exterior maintenance is included. For only $1250 per month, Plus down payment Contact Josh for details - [email protected] -------------------------------------------------------------------------------------------------------------------------------- Stowe: Two units, one is an end unit ( rowhouse / townhome ), each are rent ready. Two bedroom units Rents minimum $ 650. Separate utilities $ 40 each or buy as a package for $ 75 K ********************************* Esplen Two bedroom single family. Fully renovated, ready to go Rents $ 625


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$ 40 K ******************************** Homestead / Munhall area $ 120k Carrick up and down brick fuplex ready July ********************* Carrick Up and Down duplex $ 80K ******************** Three Sheraden homes, all will rent at $ 795 or higher See Alex Deacon for details - [email protected] Will be rent ready end of June / first week July ----------------------------------------------------------------------------------------------------------------- Good Day Josh: Here are the 2 homes that I want to include in the bundle deal for the amount of $169,000 1377 fifth Avenue Arnold, PA 15068 Taxes: $ 1,356.84 Insurance 601.00 4/5 bedroom house 2 1/2 bath This house has the following: 1. New roof 2. New high efficiency furnace 3. New Electrical Service outlets, switches & ceiling fans 4.New carpet 5.New water tank with water shut off threw out the house 6. Partial finished basement with ceramic tile Family currently has been residing in this home for several years


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1639 Third Avenue Arnold, PA 15068 Taxes: $ 699.41 Insurance 573.00 5 Bedrooms/2 full Baths 1. New windows 2. New electrical service 3. New High efficiency furnace 4. New water tank/water shut off 5. Basement partial finished with ceramic tile/ceiling fans 6. Fenced back yard 7. Back deck Family friend is renting for $725.00 Normally rent for 1000.00 I prefer that you contact me at 412-537-7923 I don't always get to my emails in timely manner Sincerely, Val R. Armel Hello Josh. Below is the information for the house sale that we talked about at our last meeting. 5 bedroom 2 bath New roof, new high-efficiency furnace, new water tank, new electrical service/outlets and switches, new glass block windows, new carpet/windows/plumbing-shut-offs, some new steel doors. Taxes $636.00 (approx.) Insurance $552.00 (approx.) Rent $1000.00 (tenant pays all utilities) Sale price $69,900 Please call: (412)-537-7923 Val Armel

(May 7)

It's cold, it's wet, but we are in real estate, so it is all good for us

Real estate investors moving towards the promised land on a cold wet weekend. Let me start off by venting. What ever happened to global warming, it’s stinking cold out there.


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----------------------------------------------------------------------------------------------------------------- Monday the 8th Josh: This is for the MVREIA meeting with Mr Landlord Jeffrey Taylor Mon 08 May 2017 (5:30 pm) in Youngstown. You may forward this invitation to your entire group. - Jim Pirko, MVREIA Secretary All Pittsburgh REIA members are invited Jeff Taylor is one of the best landlord educators in America today. If you are free, then the 90 minute drive is worth the effort here. 1620 Motor Inn Drive at Belmont Ave (Ohio Rt 193) Girard, OH 44420 --------------------------------------------------------------------------------------------------- Tuesday the 9th Commercial sub group meeting - 7pm Robinson Twp Eat n Park We have a few live deals to review, so bring your deals and be prepared to hear about other ones !!! --------------------------------------------------------------------------------------------------- REIA member selling a rental before the military deploys him to the middle east in a few months. 1637 3rd Ave, Arnold PA Hello Josh. Below is the information for the house sale that we talked about at our last meeting. 5 bedroom 2 bath New roof, new high-efficiency furnace, new water tank, new electrical service/outlets and switches, new glass block windows, new carpet/windows/plumbing-shut-offs, some new steel doors. Taxes $636.00 (approx.) Insurance $552.00 (approx.) Rent $1000.00 (tenant pays all utilities) Sale price $69,900 Please call: (412)-537-7923 Val Armel --------------------------------------------------------------------------------------------------------- A good marketing article from our very own Jay Belcher. The Marketing magic lady will visit us in June, so keep your mind on your marketing ! It’s Marketing Madness Monday


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Actually I did this Tuesday, but started it Monday. And Monday has a nice ring to it for my title. Because I’m marketing, I’m washing my pick-up truck today. That’s part of my focusing on marketing. More on that in a bit, but I wanted to see (and share) what could be done in quick and cheap marketing. There are so many ways to market – market for leads that is. I’m interested in finding new properties right now. I’m talking about getting your name out there. In my case I’m trying to tell the world (or the parts of the world closest to me) that Jay Buys Houses! So what are the options? Here is a very non-exhaustive list: business cards, vehicle signs, bandit signs, shirts, direct mail, internet (incl. social media), and print ads. That sure doesn’t cover it all, but that’s how the majority of leads are found. If you chunk “word of mouth” in, we could be at 90% of all leads. Let’s start with the low hanging fruit, and sticking to the premise of fast and cheap, let’s look at business cards, vehicle signs, bandit signs, and shirts. The internet is littered with resources – companies vying for your marketing dollars. I’ll share the places I’ve had success with. Because it’s computer based, that means you can do a lot of work from your desk – putting a check in the “fast” box. Just don’t overthink it. You can easily go into a fit of comparing prices and design options. It requires you be a bit decisive. Business cards: I surfed a bit but ended up at VistaPrint.com. Their prices are hard to argue with and if you poke around a bit there are always discounts to be had. If you’re not happy with the price, just create an account and store something without buying it – you’ll probably soon be emailed with discounts on that very item! By the way I have two kinds of business cards. The first is more professional and descriptive for working with fellow investors, contractors, etc. The second is bright, bold, and simple, proclaiming that I buy houses, my number, and a quick array of reasons to call me (divorce, tired of landlording, etc.). These cards get left anywhere and everywhere. I designed new cards in little time and 1000 pieces were on their way to me for around $45. Vehicle signs: First you’ve got to decide if you want magnetic signs or stickers. Stickers are nice, and can be even less expensive than magnets. But I opted for magnets, thinking I might want to go someplace without the advertising. I designed three customized signs (incl. a long one to go across my truck’s tailgate) easily and quickly on Signs.com for $140. I thought that was cheap, but if I wanted smaller, less customized signs, I could have had that for well under the $100 mark. To finish off the truck I went back to VistaPrint and ordered 100 magnetic business cards. My tailgate sign includes “Take a card” and has a few magnetic business cards stuck next to it. The magnetic business cards cost me about $30. I stopped ordering there. Enough for one day. But I did hunt just a little further. Bandit signs could be had for about $5 each (single-sided / 18”x24”) at SignsOnTheCheap.com.


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Shirts are another thing I’ll get to eventually. But I found decent T-shirts with single-color print (both sides) for around $15/each when ordering a dozen. I had better luck on shirts with local screen printing shops than online services. So you can see, for well under $200 I’m outfitted with business cards and vehicle signs. For a few hundred bucks more I could have bandit signs and custom shirts. And you’re well on your way. And so I must wash my truck so I can put my new signs on! Jay Belcher ---------------------------------------------------------------------------------------------------- HOME MATTERS DAY 2017 Monday, June 12th Harrisburg Capitol - 9:30 a.m. to 2:00 p.m. Please join us to educate and advocate for increasing housing resources, ending homelessness, and eradicating blight in PA. We have the solutions now to make it so! Agenda 9:00 to 9:30 a.m. Check-In in the Rotunda 10:00 a.m. Legislative Visits 11:30 a.m. Media Event in the Capitol Rotunda 12:00 p.m. Lunch 12:45 to 2:00 p.m. Legislative Visits REGISTER HERE- http://housingalliancepa.org/events-and-training/?tdburl=https%3A%2F%2Fwww3%2Ethedatabank%2Ecom%2Fdpg%2F419%2Fmtglistproc%2Easp%3Fformid%3DEventsCalendar%26caleventid%3D32389 Then Drop by Our Open House Celebration! 1:00 pm- 3:00 pm Pennsylvania Housing Finance Agency - 211 N Front St, Harrisburg, PA 17101 Thank Joyce Sacco and Cindy Daley

(May 4)

Call Your City Couuncil Reps Today and Say NO

Today the Pittsburgh City Council is going to vote on the "brilliant" idea of raising the transfer tax within


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the City of Pittsburgh. The transfer tax is already on of the most expensive transfer taxes in the nation. The inability of the political class to limit their spending should not be cured by charging more to anyone who buys in the city. This will punish investors and make the City of Pittsburgh a less attractive place for us to buy and to sell houses. So take a few minutes today and light up their phones with your displeasure. THIS IS IMPORTANT AS INVESTORS PLEASE EMAIL THE COUNCIL MEMBERS BELOW AND TO VOTE NO URGENT CALL TO ACTION! LET'S NOT MAKE HOUSING MORE EXPENSIVE! Pittsburgh City Council will be considering a bill that will increase the city realty transfer tax by 25%. Pittsburgh already has the highest transfer tax in Western Pennsylvania. Let’s not lower city property values. Call all city council members! I am asking you to reach out to City Council Members, please let them know you DO NOT support the increase of the real estate transfer tax from 4% to 5%. District First Name Last Name Phone Email 1 Darlene Harris (412) 255-2135 [email protected] 2 Theresa Kail-Smith (412) 255-8963 [email protected] 3 Bruce Kraus (412) 255-2130 [email protected] 4 Natalia Rudiak (412) 255-2131 [email protected] 5 Corey O'Connor (412) 255-8965 [email protected] 6 Daniel Lavelle (412) 255-2134 [email protected] 7 Deb Gross (412) 255-2140 [email protected] 8 Dan Gilman (412) 255-2133 [email protected] 9 Ricky Burgess (412) 255-2137 [email protected] LET'S NOT MAKE HOUSING MORE EXPENSIVE!

(April 30)

Registration link for Jeffrey Taylor event

Sorry guys, I forgot to add the registration link for that event. Jeffrey E. Taylor, C.P.L., Founder of Mrlandlord.com * Author of THE LANDLORD’S SURVIVAL GUIDE and THE LANDLORD’S KIT, the bestselling book


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nationwide on the subject of property management. * Founder of the MRLANDLORD.COM website, that has over 1,000,000 page views every month, and the most visited Q & A Forum on the Internet by rental property owners where answers and tips are provided by fellow rental owners across North America, professional property managers, CPAs, and real estate attorneys. * Chief Executive Officer of MR. LANDLORD, INC. – A national property management consulting firm that provides coaching tips to over 100,000 landlords annually and assisting owners with 1 to 1,000 rental units. * President of Home Rental Publishing – #1 national provider of information and resources for the small rental owner. Home Rental Publishing annually writes and publishes numerous books, reports, home-study courses and publications for rental owners. * Editor of MR LANDLORD, the largest circulated real estate newsletter in the country for over 25 years. * Rental Property Owner – He and his wife have acquired and manage rental properties ranging from single family to apartment communites for over 25 years and have been married for 30 years with two sons whom God has blessed them with. * Graduate of UCLA, Masters degree work in Communications and has an Honorary Masters Degree in Real Estate Investing. * Trainer for a property management company while holding his real estate license, Jeffrey conducts seminars and classes on property management across the nation. * Author of a dozen publications, books and reports on various aspects of property management. Jeffrey has written over 1,200 published articles on the subject of property management. He also provides articles for over 100 association newsletters. (Email [email protected] if your group is interested in receiving a FREE monthly email newsletter.) * Jeffrey’s been interviewed on numerous talk radio and TV shows across the country and he’s been quoted in hundreds of publications, newspapers, and magazines including: appearing several times on CNN, quoted on the front page of the Wall Street Journal, Smart Money, Personal Finance Magazine, Real Estate Journal, Business Week Magazine, and The New York Times. * Conducted over 1,000 seminars and workshops and he’s assisted thousands of landlords nationwide in increasing their monthly Cash flow and Resident Retention. * In addition to speaking to real estate investor and apartment/landlord associations, Jeffrey has been requested to speak at major conferences and conventions featuring instructors such as Robert Allen, Brian Tracy, Albert Lowry, Carlton Sheets, John Schaub, Ron LeGrand, Jim Napier, and Jack Miller.


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* Jeffrey is a consumate researcher and shares the latest management ideas and solutions from rental owners and managers across the country each year in order to help landlords achieve maximum control of their properties, maximum rental income, maximum resident retention and cooperation and to simply make the most of the assets that God has given you! Link to Register - http://www.mahoningvalleyreia.com/Events.aspx?ID=Mahoning-Valley-REIA-Monthly-Meeting-Jeffery-Taylor-from-Mr-Landlord-38-5-8-2017

(April 29)

We got invited !!!! and more REIA news

Thoughts from the Columbus REIA event – Wild Women of Real Estate

I have a few new speakers that you guys and gals are going to love !!!!

If you have a topic that you want to see more of, just email me and I will try to get us a subject matter

expert.

-------------------------------------------------------------------------------------------

Speaking of emailing me, I just spent the past few days, saving people in Ohio money on their gas and

electric bills, while I talked about real estate. If you are paying retail price for your utility bills, then you

really need to email me. There is no reason to pay retail.

[email protected]

----------------------------------------------------------------

Hello Pittsburgh REIA, we just got invited to a gathering by the leaders of the Youngstown OH RIEA. This

is pretty cool, and I intend to be there. Did I mention that the event is FREE?

May Monthly Meeting!

On Monday, May 8, 2017, MVREIA will host Jeffory Taylor aka MR. LANDLORD at its monthly meeting,

commencing @ 5:30 PM, at NEW LOCATION - METROPLEX.

Address: 1620 Motor Inn Dr, Girard, OH 44420

Author of THE LANDLORD’S SURVIVAL GUIDE and THE LANDLORD’S KIT, the bestselling book nationwide

on the subject of property management.

Founder of the MRLANDLORD.COM website, that has over 1,000,000 page views every month, and the

most visited Q & A Forum on the Internet by rental property owners where answers and tips are

provided by fellow rental owners across North America, professional property managers, CPAs, and real

estate attorneys.


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CEO of MR. LANDLORD, INC. – A national property management consulting firm that provides coaching

tips to over 100,000 landlords annually and assisting owners with 1 to 1,000 rental units.

President of Home Rental Publishing – #1 national provider of information and resources for the small

rental owner. Home Rental Publishing annually writes and publishes numerous books, reports, home-

study courses and publications for rental owners.

Editor of MR LANDLORD, the largest circulated real estate newsletter in the country for over 25 years.

Rental Property Owner – He and his wife have acquired and manage rental properties ranging from

single family to apartment communities for over 25 years and have been married for 30 years with two

sons whom God has blessed them with.

Graduate of UCLA, Masters degree work in Communications and has an Honorary Masters Degree in

Real Estate Investing.

Trainer for a property management company while holding his real estate license, Jeffrey conducts

seminars and classes on property management across the nation.

Author of a dozen publications, books and reports on various aspects of property management. Jeffrey

has written over 1,200 published articles on the subject of property management. He also provides

articles for over 100 association newsletters.

Jeffrey’s been interviewed on numerous talk radio and TV shows across the country and he’s been

quoted in hundreds of publications, newspapers, and magazines including: appearing several times on

CNN, quoted on the front page of the Wall Street Journal, Smart Money, Personal Finance Magazine,

Real Estate Journal, Business Week Magazine, and The New York Times.

Conducted over 1,000 seminars and workshops and he’s assisted thousands of landlords nationwide in

increasing their monthly Cash flow and Resident Retention.

In addition to speaking to real estate investor and apartment/landlord associations, Jeffrey has been

requested to speak at major conferences and conventions featuring instructors such as Robert Allen,

Brian Tracy, Albert Lowry, Carlton Sheets, John Schaub, Ron LeGrand, Jim Napier, and Jack Miller.

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The Last Time This Happened The Market Crashed

BEFORE you jump out of a window, market crashes happen. In this case the author is predicting a stock

market crash, which could be a really good thing for real estate investors. So sit back and watch for a big

market correction to happen and cause a wave of motivated sellers !!!!


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A few days ago Charles Schwab, the investment brokerage firm, announced that the number of new

brokerage accounts soared 44% during the first quarter of 2017.

More specifically, Schwab stated that individual investors are opening up stock trading accounts at the

fastest pace the company has seen in 17 years.

17 years.

Anyone remember what happened 17 years ago?

Oh right. The Dot-com bubble burst.

...

After years of unbelievable gains in the 1990s, the NASDAQ Composite index peaked at 5,132.52 on

March 10, 2000.

Simultaneously, during the first quarter of 2000, investors were rushing to open new brokerage

accounts invest their savings in the stock market.

The NASDAQ Composite subsequently fell nearly 80% over the next 2 ½ years, wiping out trillions of

dollars of wealth from retail investors.

The last phase of any bubble is almost invariably the euphoric shopping spree of an irrational public that

buys stocks, real estate, etc. at record highs, foolishly believing that prices will keep rising indefinitely.

That’s what happened in 2000.

And that’s what seems to be happening today.

Investors are once again clamoring to buy expensive, popular stocks at price levels never before seen in

the history of the stock market.

Company valuations are sky-high.

At 26.44, the S&P 500’s Price/Earnings ratio is the highest EVER, except for two occasions: the 2008

crash, and the 2000 crash.

At 28.93, the “Shiller P/E ratio”, which looks at company valuations over a longer-term, 10-year period

and adjusts for inflation, is at the highest level EVER, except for two occasions: the 2000 crash, and the

1929 crash.


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Price to sales ratios are near the highest levels in at least 50 years.

Price to book ratios haven’t been at this level since the 2008 crash.

And the stock market cap to GDP ratio is the highest since the 2000 crash.

(If you don’t understand those terms, I would highly encourage you to read this book. This small

investment in your education might be the best you’ll ever make.)

Billionaire investor Paul Tudor Jones described these expensive stock market valuations as "terrifying"

earlier this month at a closed-door asset management conference hosted by Goldman Sachs.

Yet for some reason individual retail investors still believe that stock prices will continue to rise.

According to Yale University’s Stock Market Confidence Index, for example, over 90% of individual

investors believe that the stock market will rise in the next 12 months.

This sentiment isn’t actually based on any data; it’s simply how people -feel-.

These are classic bubble conditions: record-high prices, unsustainable valuations, baseless euphoria, and

a surge in activity from retail investors.

In fairness, it’s possible that corporate profits surge by unimaginable rates; this would bring stock

valuations back to reality.

But that’s unlikely.

Corporate profits are more or less tethered to the overall economy. If GDP growth is flat, corporate

profits will be flat.

Real GDP growth in the US basically went flat in 2016 at just 1.6%.

And the Federal Reserve Bank of Atlanta estimates that the US economy grew at a pitiful 0.5%

annualized rate in the first quarter of 2017.

Consumer spending, the mainstay of the US economy, slumped in the first three months of this year.

Plus, interest rates are starting to rise, which increases borrowing costs for both businesses and


21

individuals.

Given such anemic conditions it seems a risky to bet everything on a sudden shock-and-awe surge in

corporate profits.

So we’re right back where we started-- an overvalued market exhibiting classic signs of a bubble.

I’m not suggesting that some major crash is imminent.

It’s entirely possible that this bubble can get even bigger; the stock market might rise another 10%, 20%,

or more.

But it’s also possible we’ll see a drop of 40%+ from these levels. Remember, the NASDAQ Composite fell

78% from its peak in 2000.

Rational individuals always consider their downside first. Fear of loss should be far greater than the fear

of missing out.

Quite simply if the reward isn’t worth the risk, don’t do it. Find something else. Or do nothing and simply

wait on the sidelines.

The universe of options is a lot bigger than simply “US stocks”, and there’s an abundance of great

opportunity outside of the mainstream.

Lately I’ve been involved in a number of secured lending deals where I’m able to earn between 10% to

12% per year with almost zero risk.

This strikes me as a great alternative to the stock market; I’d rather make a fixed 10% with minimal risk

than potentially make 15% or 20%, but risk a 50% loss.

I’ve also been buying cash-producing royalties, which in my view is one of the most undervalued asset

classes in the world. (More on that another time...)

Bottom line, there’s no sense in taking on enormous risks to make a few bucks.

The world is a big place. And with so much technology and connectivity at our disposal, there are plenty

of safe, lucrative alternatives out there to consider.

Have a good weekend, Simon Black

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The Allegheny County Housing Authority is opening the wait list for The Housing Choice Voucher

Program (Section 8) and will be accepting applications.

WHEN: Monday, May 1, 2017 at 8am through Monday, May 8 at 4pm.

NO APPLICATIONS WILL BE ACCEPTED BEFORE OR AFTER THESE DATES AND TIMES.

WHERE: You MUST apply ONLINE on our website at www.achsng.com

A limited number of computers will be available at 625 Stanwix Street for public use.

VLP will have open computer hours in order to complete your application online in our office.

Monday through Friday 9am to 3pm.

RESULTS OF THE WAITING LIST LOTTERY WILL BE POSTED ONLINE ON MAY 16, 2017. PLEASE PRINT OR

WRITE DOWN YOUR CONFIRMATION NUMBER IN ORDER TO ACCESS YOUR STATUS. NO INFORMATION

WILL BE GIVEN OVER THE PHONE.

(April 22)

We got deals and chances to make money

Hello Gang,

We have a lot going on here in South Western PA.

First off, I want to hear from my McKees Rocks landlords. As you all know the boro of McKees Rocks is

out of their minds. They are fining landlords $2000 for not registering their units and getting the boro

inspection. This has already been proven in state court to be illegal. Personally I dont own anything in

McKees Rocks but I know that a lot of you do. So I am suggesting that we form a sub-group (nothing

fancy) and take these bastards to court. I am trying to set up a meeting with the lawyer we used to sue

the City of Pittsburgh and the PWSA and see what he thinks about this case. What I need to get a feel

for, is how many of you would be willing to join me in this fight? If you own in McKees Rocks you sure as

heck should be in. If you are like me and you own rentals then you had better consider getting into this

fight, because every other boro and township in the area is looking at McKees Rocks to see if they can

get away with hitting landlords with a $2000 fine for this BS.

Email me if you might be interested, no commitment needed at this time -

Josh

[email protected]


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---------------------------------------------------------------------------------------

McKeesport Bargain House - First person with $10k get it, second person gets nothing

1408 Hamilton St, McKeesport, PA 15132

Rental estimate is $700 per month !!!

It needs some work, 15k ish but even if that number were doubled and you were 40k all in, you would

cash flow at $700 per month

Zestimate®: $45,042

Beds: 3, Baths: 2.0, Sqft: 1,212

Single Family

http://www.zillow.com/homedetails/11462554_zpid/

Contact Brandon - [email protected]

------------------------------------------------------------------------------------------------------------

$25,000 micro loan needed

Jim is a client of mine who needs a private loan. Jim lives on part of an old family property in South

Fayette Township. He wants to buy an adjoining property which formerly belonged to his deceased

parents, but was foreclosed by Freddie Mac. Freddie Mac is willing to sell to Jim for $20,000, which is a

fraction of the property’s value, because the house on the property is in bad shape, and it encroaches on

Jim’s own land. Jim needs $25,000 to buy the house and pay my fees in representing him. Jim and his

wife have a decent income, but banks and brokers have so far been unwilling to make so small a loan

secured by property with problems, even though the land alone is probably worth $25,000. Jim wants

this property very badly, so he is very flexible on terms, and there is money to be made here. Are you

interested, or do you know anyone who may be?

Attorney Rob Xides

Weisel, Xides & Foerster, LLP

(412) 471-4128

[email protected]

--------------------------------------------------------------------------------------------------------

Also From Rob Xides

We are ready to move forward with properties for the Conservator Program


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While we are waiting, there is no reason not to move ahead with everything but our petitions. As I said

on Tuesday, I am developing an agreement showing what my law firm and I as well as REIA will do, and

what we will charge. All of you interested people should be using this time to identify your properties,

take good pictures of them, talk to the neighbors, and confirm that your properties have been vacant for

at least a year, and not marketed for sale in the last 60 days.

-------------------------------------------------------------------------------------------------------------

Hello Landlords-

I am looking for a one bedroom unit in the South Hills that is willing to work with Sect. 8. Does anyone

have any openings. Thanks!

Best,

Gale Schwartz

(p) 412.281.1137

---------------------------------------------------------------------------------------------------------

I NEED to save you money. As you all know by now, I have a great way to save you money on your gas

and electric bills. We literally guarantee you save money in PA. I have yet to meet anyone who doesn't

want to pay less for a bill that they are already going to pay. So here is what I need from you. Just scan

me a copy of your bill. I will check and see if we can save you money, if not, no harm no foul. If we can

save you money then you are in luck. It costs you NOTHING to switch, there is no contract, and you can

quit at anytime with no penalty. You don't even change how and when you pay. You still pay the exact

same bill you have been paying, only now you pay a little less. We are so sure that you will love this plan

that we are giving away a 3 day 2 night hotel stay to everyone who tries us out for 60 days. Seriously,

you have nothing to lose. Just email me at [email protected] I make money by saving you money,

so I really really want your bills !!!

To your success

Josh

412 592 2146

-------------------------------------------------------------------------------------------------------

HOME MATTERS DAY 2017

Monday, June 12th

Harrisburg Capitol - 9:30 a.m. to 2:00 p.m.


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Please join us to educate and advocate for increasing housing resources, ending homelessness, and

eradicating blight in PA.

We have the solutions now to make it so!

Agenda

9:00 to 9:30 a.m. Check-In in the Rotunda

10:00 a.m. Legislative Visits

11:30 a.m. Media Event in the Capitol Rotunda

12:00 p.m. Lunch

12:45 to 2:00 p.m. Legislative Visits

register here ---

http://housingalliancepa.org/events-and-

training/?tdburl=https%3A%2F%2Fwww3%2Ethedatabank%2Ecom%2Fdpg%2F419%2Fmtglistproc%2Eas

p%3Fformid%3DEventsCalendar%26caleventid%3D32389

Then Drop by Our Open House Celebration!

1:00 pm- 3:00 pm

Pennsylvania Housing Finance Agency - 211 N Front St, Harrisburg, PA 17101

Thank Joyce Sacco and Cindy Daley for their passion and dedication to ensure all Pennsylvanians have a

home within reach

Proud Partners with

Neighborhoods Works


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Our Business Partner Members


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www.USAREMentoring.com

USA Real Estate Mentoring Group

“Your Highway to Success”

Mentoring is the key to your success in Real Estate Investing!

We are:

-Successful Investors Currently Investing in Today’s Real Estate Market

- Best Selling Authors

-Our Group of Mentors Have Personally Trained Over One Hundred Real Estate Investors

-We KNOW Pennsylvania, and How to Invest Legally in Pennsylvania!

-Access to Our Team Members and Systems

-We Meet Once Per Month in the Pittsburgh Area (Wexford)

-1st Meeting is Free

-Different Levels of Training and Pricing Available

Visit www.usarementoring.com for more info

Brian Snyder: 412-992-8884

http://www.usarementoring.com/

http://www.usarementoring.com/

Documents

WPREIA Newsletter – May 2017 · Great opportunity to make a nice fix and flip profit Call Bonnie for details 412.427.2593 Looking to get 74k also willing to sell as a subject-too