A Monthly Insight Into Tropical Real Estate Investors Association
Tropical REIA Mentorship Program
NOVEMBER, 2014
INSIDE THIS
ISSUE:
MEETING AGENDA
1
FLORIDA’S
STATUTE OF
LIMITATIONS: ALL
IS NOT LOST
2
MEMBERSHIP
PLANS
3
7 SECRETS TO A
SUCCESSFUL
INVESTING
CAREER
4
LEADERSHIP IS
THE DIFFERENCE
MAKER AND THE
DEAL BREAKER
5
MEMBERSHIP
BENEFITS
6
MEMBERSHIP
BENEFITS
7
NOTES
NOVEMBER 20,
2014
TONIGHT IS A SPECAIL
NIGHT FOR US
WE ARE INTRODUCING OUR BRAND NEW MENTORSHIP PROPGRAM!
Numerous members of our Association has, as some point, requested help with many
aspects of marketing, negotiations, writing contracts and so on. Well, we heard your request
and this is the highest and best answer we could give. Join us –to hear all about this program
designed especially for you. For Inventors by Investors.
COACHING
LEADERSHIP
TEAMWORK
MASTERMIND
MENTORING
VISION
INSPIRATION
DIRECTION
8
Why join Tropical REIA?
Discover 100% real
estate education from A
to Z..
Have a network of investors to share ideas,
experiences and to do
business with.
And more benefits that
you cannot find from
other real estate group.
Tropical REIA has partnered with the Literacy
Coalition of Palm Beach County & Palm Beach
County Food Bank. So for this holiday season
make someone happy with a brand new book for an
elementary, pre-k or toddler. Our food banks are
always in need of more food during this season. We
are asking you to bring nonperishable foods such as
can veggies, and any food in boxes or bags.
Reaching our COMMUNITIES
November 20, 2014; 5:30 – 8:30
Courtyard Marriott, Boynton Beach FL 33426
SPONSORED BY TROPICAL REIA
For more information please contact:
Tamika Motlow
561-385-3838 / [email protected]
Courtyard Marriott 1601 N. Congress Ave., Boynton Bch FL 33426
5:30 - 6:45 Networking - Main speaker 7:00 - 8:30 pm. Thursday July 17,2014
561-229-0058
TropicalREIA.com
PAGE 2
A Monthly Insight Into Tropical Real Estate Investors Association
Florida’s Statute of Limitations: All is Not Lost After Five Years
Florida courts have been very
aggressive in moving the foreclosure
cases pending on their dockets,
especially the aged cases. The Courts’
tool of choice to obtain file movement
is the Case Management Conference
(CMC). At the court-ordered CMC, the
Court will hear and decide all pending
motions and, if the case is at issue, set
the case for a trial to be held within a
45 to 60 day timeframe.
If a case is court-set for trial, Plaintiff
will have two options on trial day—
proceed to trial or voluntary dismiss the
case. Any decision to dismiss a case
rather than proceed to trial will depend
on many factors but one of the most
important factors to take into account
is whether or not a new action can be
refiled with the Court and the timing of
the refiling.
The five-year limitation period begins to
run on the earlier of (1) the date the
loan is accelerated or (2) the loan’s
natural maturity date. In most cases,
the acceleration date will be the filing
date of the foreclosure complaint since
servicers rarely send the Borrowers
separate acceleration letters after the
30-day cure period that must be given
prior to acceleration under the terms of
the Mortgage.
The defaults at issue will normally be
those payments not made prior to the
commencement of the foreclosure
action. Despite earlier concerns to the
contrary amongst some in the default
industry, the right to foreclose the
mortgage does not cease to exist in the
event the limitations period has run at
the time of dismissal. Rather, the loan
will need to re-breached for a payment
default not at issue in the prior action.
"While it is true that a foreclosure
action and an acceleration of the
balance due based upon the same
default may bar a subsequent action on
that default, an acceleration and
foreclosure predicated upon
subsequent and different defaults
present a separate and distinct issue…
We can find no valid basis for barring
mortgagees from challenging
subsequent defaults on a mortgage and
note solely because they did not prevail
in a previous attempted foreclosure
based upon a separate alleged
default…In this case the subsequent
and separate alleged default created a
new and independent right in the
mortgagee to accelerate payment on
the note in a subsequent foreclosure
action," according to Singleton v.
Greymar Associates, 882 So.2d 1004
(Fla. 2004) .
continued on page 3 >>>
Real estate sales
was perfect training
for the experience to
go into public life
because you learn to
accept rejection,
learn to meet new
people, learn to
work with people
and find common
ground. That's the
way you sell
houses... that's also
the way you win over
constituency.
Johnny Isakson
PAGE 3
A Monthly Insight Into Tropical Real Estate Investors Association
continued…
More information can be found in Olympia Methods of Education
Mortgage Corp. v. Pugh, 774 So.2d 863
(Fla. 4th DCA 2000), PNC Bank, N.A. v.
Get the student interested with learning as
an active process.
Neal, 38 Fla. L. Weekly D 2249, 2013 WL
5779048 (Fla. 1st DCA October 25, 2013).
Role playing can be a very effective &
If you're not going
to put money in
great way for understanding the Real
real estate, where
Estate Process.
else?
Article printed from DSNews: http://
Gives you an opportunity to put theory
dsnews.com
URL to article: http://dsnews.com/
commentary/03-10-2014/floridasstatute-limitations-lost-five-years
into practice
Case studies and real life applications
Actual stories of investor’s experiences
In field application also gives better
basis for weekly on line discussions
Are You Ready To Join Tropical REIA?
It’s Easy To Do and Joining Can Really Jump Start Your Real Estate Career!
MEMBERSHIP PLANS
Annual & Quarterly Payment Options
Individual Annual Membership: $165/year (Auto-renews at $145/yr.)
Individual Membership:
$45.00 upfront & $45 per quarter
Joint Membership: $195/year
(Auto-renews at $175/yr.)
($30 each additional member – Max. 3)
Joint Membership: $55 upfront & $55 per quarter ($10 each additional
member per quarter – Max. 3)
Tradesmen Annual Membership: $195.00/year or Tradesmen Membership:
$55.00/quarter
Vendor Membership: $395.00/year or Vendor Membership: $120.00 /
quarterly
For more information about Tropical REIA, visit our website at
Tamir Sapir
PAGE 4
A Monthly Insight Into Tropical Real Estate Investors Association
7 Secrets to a Successful Investing Career
Matthew Gillogly
Great book to read
this month is:
The E Myth
times. Signs, billboards, flyers, business cards,
networking, whatever it is – market. This separates
those that do average deals from those that do great
deals. Don’t start and stop your marketing and never,
ever cut your marketing budget. If things aren’t
working, redirect the money you have allocated to a
different marketing tool. Marketing makes the
difference.
Real estate investing can be hard work, causing us to
4. Be a Monomaniac with a Mission: All great
ask ourselves: Am I doing this right? What are the
investors, not just some – all – started in one part of
pitfalls of the business? Can I be successful long term
the business in one area of town. I have a friend who
and make this a career?
told me, “You can do any deal you want; I just want all
the rehabs in my particular zip code.” Guess what? In
Let me give you seven secrets I have discovered while
one year, he has learned how to own his market.
working with hundreds of investors across the country.
Anybody in his area calls him first to sell their house.
What People are
saying about
TROPICAL REIA
Hi Linda,
1. Cast a Vision. Most new investors just get in because
they want a quick buck. Yes, this does happen, but
more often than not, this is a get rich slow business.
That is why you need a vision. It helps galvanize your
ideals and values and goals. You then work from your
goals to accomplish your dreams.
I would like to thank you for
starting Tropical REIA here in
long term. Pick an area, pick a type of transaction
Palm Beach. With your affiliation
(rehabs, pre-foreclosures, subject to’s, wholesaling,
to so many name brands such as
Home Depot, Sherwin Williams
etc.) and become an expert on it. Whatever you do, be
etc as well as the National REIA
focused. Concentrate all your efforts on just those few there is no reason why any
serious investor, whether new or
things. Learn everything you can about that market
seasoned should look elsewhere.
It is the investors who can’t focus that don’t make it
and that type of transaction, then get after it.
2. Determine Your Values: All the great investors I know
operate from a set of values. These values determine
5. Be Patient: Ever hear the term “Coyote Ugly”? It
the types of deals you do and types of people involved
means that we were impatient and now we must pay
in your transactions. If your values are integrity,
the price for doing an ugly deal. We would rather
honesty, etc., then this well have a dramatic effect on
chew off our arm than be stuck with that bad deal we
the success of your business. If your values are money
first, then you will look to do different types of deals.
I attended a couple meetings
elsewhere but I am seeing the
growth potential with Tropical and
not all the frills I saw at those
other meetings.
The timing for Tropical couldn't be
better and I expect to be there at
did last month. When we are desperate, or running
every meeting as long as I am in
out of cash, we will force a deal just to do one. We feel town and would become a
member at the next meeting.
like we are getting something done. Being patient is
3. Marketing, Marketing, Marketing: I don’t care how
not sexy, glamorous and won’t get you invited on an
Warmest Regards,
many classes you have taken or books you have read, it
investing guru phone call… But it can make you
Collin Forde
doesn’t matter unless you market. You must always
successful.
have five forms of marketing/advertising going on at all
PAGE 5
A Monthly Insight Into Tropical Real Estate Investors Association
6. Attract a Team: Ever meet a self-made millionaire? I
spent years digging for the gold that would make him
doubt it. Sure, you may run into people who say they
wealthy. After many years of trying and failing, he said
are, but somewhere, someplace, others helped them
enough, sold the mine and went home. The group that
accomplish their goals. As you move along, you will
purchased the mine decided to take a different direction
need to have an attorney, office help, maintenance
in the mineshaft. They dug only a few feet to the left
people, contractors, mortgage brokers, real estate
and found one of the richest gold strikes in the history
agents, etc. These folks will be instrumental in helping
of the world. The only difference between success and
you close deals and make money. Your team will allow
failure is the successful person gets up one more time
you to focus on your strengths. Your team will lift you
than the one who fails. Don’t give up.
Useful Tips Corner
The most comprehensive
online source of crime information. City and county
crime maps showing crime
incident data down to
neighborhood crime activity
http://spotcrime.com
.
up and not drag you down. Your team will be people
who have like aspirations, dreams and desires. If you
These seven secrets are tried and true. Use them every
have negative people on the team, get rid of them and
day to accomplish your dream of success.
get positive, uplifting people around you.
7. Never, ever give up: As the story goes, a gold miner
St. Louis Real Estate Investment News July 2004
Leadership is the Difference Maker and the Deal Breaker
by Linda Ferguson - Certified Life Coach---article attached
Have you ever longed to fulfill
My goal-oriented outlook on life and my passion for helping
your dreams, live in your purpose,
others reach their goals led me to join the John Maxwell
rediscover the inner you that has
Team. Prior to joining the team, I spent 19 years in Public
seemed to cower in an attempt to
Education as an Administrator and Teacher. I hold a Bachelor
please others? That was the life I
of Science Degree in Educational Leadership from Lynn
lived for more years than I care to
University in Boca Raton, Florida. Additionally, I am a wife and
remember. When I read John
mother.
Juggling the list of daily responsibilities effectively is
Maxwell’s quote, “For most people, the limitations they face
not easy. This is why you must have a structured and practical
aren’t on the outside, only on the inside,” it spoke to my heart.
plan in place to avoid becoming overwhelmed and over
Finally, in search to rediscover me, I found The John Maxwell
stressed. I have personally used these tools to enhance my
Group. I would love to share this gift with you.
own productivity, development and decision-making skills to
create a more balanced lifestyle. I have been studying and
As a John Maxwell Certified Coach, Teacher, and Speaker, I can
personally implementing the philosophies behind personal
offer you workshops, seminars, keynote speaking, and coaching,
development and the role emotions and vision play in
aiding your personal and professional growth through study and
leadership for the last 15 years.
practical
application
of
John’s
proven
leadership
methods. Working together, I will move you and/or your team or
Contact Me. I am looking forward to assisting you on your
organization in the desired direction to reach your goals.
journey to becoming a successful leader.
PAGE 6
A Monthly Insight Into Tropical Real Estate Investors Association
N AT I O N A L R E I A M E M B E R S H I P B E N E F I T S
Your local association’s affiliation with National Real
Estate Investors Association is designed to support each
Cash Flow’s check services, recurring payments and credit
card processing can also make your payments more profit-
member’s investment goals and needs. This is an introduction to the outstanding benefits extended through
able to accept. Learn more at www.FollowTheFrog.com.
National REIA membership.
Business Building & Support
National REIA members receive
25% off all purchases of Personal Investor Market Reports
when they use their coupon code
provided by their local association. Local Market Monitor
provides decision tools for residential real estate investors with straight-forward logic and real time information
for opportunity analysis. Learn more at http://
Investors.LocalMarketMonitor.com
Investor Resources
As part of the My Community
Care program, members can
National REIA members- ISC
(Investigative Screening & Consulting) knows the tenants you put in
your rentals can make or break your investment. Many
companies offer instant screening results which often put
you at risk. Now National REIA members can get an in
depth nationwide resident screening report for $28. That is
25% off normal pricing. A bad tenant can cost you tens of
thousands of dollars. Do not take any chances. Visit iscscreening.com to get started.
Receive 20% off standard listings at
Rentals.com – An online business
tool designed to rent your property
faster & maximize your investment.
List easily, edit anytime, reach millions of qualified renters,
and save yourself from future hassles with archive capabili-
receive care at partner health
care centers through-out the United States. Most loca-
ties – when your property is rented, your property details
and photos are archived so you can reactivate it anytime!
tions offer care for injuries and illness, as well as pre-
Printing, Publishing & Office Supply
ventative and health and wellness services. By using
one of our partner locations you can see a doctor for no
additional costs. Your monthly membership covers the
cost of almost any service provided at a partner loca-
It’s Your Workplace. Let’s Streamline It. It’s time to change the way
you work. Let’s take efficiency to the
next level. Let’s boost your cost savings and empower your
tions.
The key to analyzing the fastest
way to zero debt! Let’s stop fighting our lenders for dollars and be smart about it. When
you help your members find their way out, they will
spend more on education! Help them compute their way
to financial freedom!
Landlord Resources
COLLECT BAD CHECKS with
BounceBack Check Recovery!
Stop chasing bounced rent payments and let the professionals handle the collections.
bottom line. Let’s provide the insight and expertise needed
to put your organization in control ways many never
thought possible. Welcome to OfficeMax Workplace, The
Preferred Supplier for NREIA. We’re more than a vendor or
supplier. We’re your strategic partner. Your ally. Your advocate. An extension of your team-one that’s putting almost
50 years of business expertise to work for you. Streamlining your workplace is what we do best. Let’s make it happen-together.
The National REIA Shipping Program, managed by PartnerShip®, is
a comprehensive inbound and out
PAGE 7
A Monthly Insight Into Tropical Real Estate Investors Association
National REIA Membership Benefits continued
bound shipping program also provides discounts of at least
70% on LTL freight shipments arranged through PartnerShip.
In addition, National REIA members save on tradeshow shipments with reputable carriers including UPS Freight, YRC
Freight, and more. Call 800-599-2902 or visit PartnerShip.com/73NREIA to sign up for these savings today.
REIA members. Enjoy deep discounts on paint, applicators, floor
covering, paint sundries, wallcovering, spray equipment, and even
window treatments! Download a Discount Card Order Form from
the Member Area Benefits page, fill it out and fax it back to obtain
an account number and to ORDER DISCOUNT CARDS for your
members.
Property Maintenance & Supply
Travel Resources
The Home Depot is the fastest growing retailer in U.S. history and we
are committed to helping you grow
your business. Get exactly what you
need from knowledgeable store associates. The Home Depot provides
in-store special orders, advance
order pulling and job site delivery,
guaranteed low prices and more for
less with Volume Pricing and Bulk Pricing. Get in and out
quickly with dedicated Pro cashiers and truck loaders. Valuepacked Pro-only vendor programs and exclusive services,
make your job easier with The Home Depot!
National REIA continues to make
travel for business a pleasure with
worldwide discounts through the
travel industry’s leading auto leasing
agents, hotels, and airlines. With special savings and the highest levels of service there’s never been a
better reason to rent with Avis! Or enjoy Budget’s Fastbreak Service to keep all your rental preferences on file, so you can grab
your keys and go. Don’t forget that Enterprise has the largest fleet
of rentals through the country with more locations than any other
rental car agency! So, pack your bags and let National REIA
Travel assist you and your board members along every step of the
booking process to get you the maximum discount world-wide.
One of our most popular and most
used benefits, Sherwin-Williams
offers unbeatable pricing to National
OUR MISSION
To provide education, guidance
and direction to those who are
interested in investing in Real
Estate. To be active members of
our community for the purpose of
giving back and being a helping
hand in its continual growth.
For more information go to our
website at TropicalREIA.com .
PAGE 8
A Monthly Insight Into Tropical Real Estate Investors Association
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