The Real Estate Investor’s Resource

Turning Intentions into Action

Estate Planning for Real Estate Investors

Traci Ellis, my wonderful real estate attorney friend in Atlanta,  was the guest of my teleclass today on Estate Planning for real estate investors.  Among other things, Traci shared , “Although our mortality may not be our favorite subject, it is an important subject to address because what we leave behind is our legacy.”   By doing a little estate planning now, it can save those you love so much grief in the future.  Without that planning, the state ends up choosing how your assets are handled.  You are not working this hard for the state, are you?

At a minimum, we should all have the following:

1) Will  2)Power of Attorney 3)Living Will or Advanced Directive

If you have children, choose a guardian to raise your children should something happen to you. 

The important information regarding your estate and your wishes should be documented.  A family member or other person you choose should have a copy of the documentation and your attorney may also hold a copy.  There are also online services now to upload these types of documents so that they can be retrieved from anywhere.

Don’t miss our next teleclass with Traci when we discuss the use of Trusts for real estate investors.  Visit www.tranformit.net/eventscalendar to register.

Also, Traci offers an information packed blog of her own -visit it at www.traciellis.com.

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March 27, 2008 Posted by | Real Estate Investing, real estate investor associations, Uncategorized | , , , | Leave a comment

National REIA Mid Year Conference -Las Vegas

Viva Las Vegas!

I just returned from the NaREIA conference June 21st-24th in Las Vegas!

National REIA is a non-profit trade organization supporting and promoting local real estate investor associations. Each year a mid year leadership conference is held; and this year it was in Las Vegas. Presentations covered everthing from legislative issues and lobbying to public relations. This conference always offers great learning opportunities to grow our local association, GaREIA (http://www.gareia.org),
and enhance our member benefits. Meeting new people from all around the country, finding out about their associations, markets and more is great, too! Of course, just being in Vegas is also a ton of fun!

GaREIA at the Mid Year Conference
GaREIA had a great presence at the conference by Atlanta attendees. GaREIA was represented by Mike Helton, Marketing Director, and myself, PR & Communications Director. Atlanta vendors included national speakers, Pete Youngs and Don DeRosa, as well as, REI TV’s Matt Goggin and Maggie Chamberlain.

From left to right: Mike Helton, Pete Youngs, Barb Youngs, Jim Shapiro, Matt Goggin, Maggie Chamberlain, Me & Don Derosa.

GaREIA presents PR & Building Community

Mike Helton & I

I was honored to have the opportunity to present at the conference. Mike Helton, our marketing director, and Mark Galey, our community outreach chair, were instrumental in helping me pull the presentation content together. Mike Helton shined in the presentation where he consistently chimed in with great ideas for the group. Thanks guys! We received great feedback on our work locally as an association and on the presentation.

Cathy Crowe-League from DFWREIN was our big winner…..
Talk about a great return on investment – Cathy won $1440.00 off of $17.00 that she dropped into a slot machine! Believe it or not, if you win over $1200 in Vegas you will be experiencing a little wait time before receiving your money; Cathy waited an hour and a half. You’ll only be paid after an FBI and IRS check and being issued a 1099; and by the way, you can’t gamble while you are waiting. Congratulations Cathy!

I won a whole 1250
I’m not much of a gambler. I won a whole twelve dollars and fifty cents.
Funny story – My favorite 5 year old, who is my friend’s daughter (she’s like mine), knew that I was going out of town to Las Vegas. Somewhere along the line, while I was gone, someone must have filled her in on gambling and Vegas. As soon as I returned, she was wanting to know how much money I won so I told her $12.50. For days, she was announcing to everyone, “Nanc’ won $12.50 in Vegas”. It was really cute but kind of embarrassing to have only won that little bit; but I figure, “Hey, atleast I didn’t lose any money!” Another friend mentioned that maybe I should have just said 1250 and left it at that!

Vegas Views
Vegas is full of things to see. Here are just a couple of the sights that we saw while visiting.

Water show at the Bellagio

Gondala rides inside the Venetian

Overlooking the city from the top of the Stratosphere

June 28, 2007 Posted by | real estate investor associations | Leave a comment