Author: Tim Herriage

by Tim Herriage Tim Herriage No Comments

New Texas Real Estate Commission Contract Changes

Richard Weeks, Associate Broker and Office Manager for Investable Realty, and SVP for 2020 REI will present this month’s continuing education at the free DFW Investors Meeting on May 7th.  The course will be “Avoiding Common Contract Complications TREC Course 32236”.  This course is open to all investors, of all skill levels.  If you’d like the CE credit as a Texas REALTOR®, you must stay for the entire hour.  The course is free of charge, and is sponsored b DFWREIA, LLC.

Effective May 15th, there are changes to Paragraph 2, 5, 6, 20 and more.  Come learn how to take advantage of the changes for your clients, and protect yourself with knowledge.

Richard Weeks, Senior VP Administration, Investable Realty Office Manager.
Richard Weeks, REALTOR®, Broker Associate, GRI, ePro, EAgent.

Richard Weeks is a native Texan. After graduating from Lamar University with a Bachelors of Business Administration he joined the Army and is a Vietnam veteran serving from 1969 to 1971. He was awarded the National Defense Service Medal, Vietnam Service Medal, Vietnam Campaign Medal, and the Army Commendation Medal.

After being honorably discharged he worked in the Information Technology field for many years before deciding to become involved in real estate.

Real estate is definitely a passion for Richard. He holds a broker’s license and also is a Graduate Of The Realtors® Institute which is the mark of a real estate professional who has made the commitment to provide a high level of professional services by securing a strong educational foundation. REALTORS® with the GRI designation are highly trained in many areas of real estate to better serve and protect their clients.

  • He is also a certified instructor by the Texas Real Estate Commission. He has taught real estate courses at both the college and proprietary real estate school level.
  • He is a member of the MetroTex Association of REALTORS®, The Texas Association of REALTORS®, and The National Association of REALTORS®.
  • He is a highly skilled negotiator and is very detailed oriented. With intricate knowledge of contract and transactions he is committed to explore all resources necessary to market your property or find the perfect home. Will aggressively negotiate and address any concerns during the selling or buying process. Always available to answer any questions and believes communication is the key to a successful relationship.

Richard is currently the office manager for Investable Realty and he is dedicated to the individual success of each Investable Realty agent.

by Tim Herriage Tim Herriage No Comments

How to Build a Successful DFW Real Estate Investing Business

Mike Hambright, a successful real estate investor and entrepreneur based in the Dallas area, has agreed to be the featured speaker at our next DFW Investors monthly meeting on May 7th at the Addison Conference Center.  These monthly meetings are free, and open to investors of all experience levels.  We feature an open networking venue, with complimentary food and an open bar for your enjoyment.  Register now and soak in the knowledge!

Mike teaches others to achieve financial freedom and lifestyle freedom by investing in real estate.

He’s a professional Real Estate investor in DFW, mentor and coach that has bought and sold hundreds of houses, and mentored others that have bought thousands of properties. Mike loves doing real estate deals, but even more, loves the freedom and flexibility that real estate has provided his family, including the flexibility to take time to teach others the lessons he’s learned.

Mike is also the Founder of FlipNerd.com, a social site for real estate investors with over 1,500 video shows and 100,000 subscribers.

 

by Tim Herriage Tim Herriage No Comments

Ron Carlson to host Tool Belt session at April DFW Investors Meeting

Ron Carlson, an experienced real estate investor and general contractor, will host the tool belt session at the April 9th DFW Investors monthly meeting.  This free session is just part of the three free sessions that are included at every monthly DFW Investors meeting along side free food and an open bar!    The tool belt session starts at 7:00 PM sharp!

What will you learn from Ron?

Have you ever wondered about the right process on how to remodel a home? Most investors do not know that if you remodel a property in the wrong order that both time and expenses will increase. This class is designed for investors who want to be more efficient while managing a rehab. You will learn what you should fix before you put that new roof on! Should you fix the interior first or the exterior first? Ron will be revealing some tips to working with the city or keeping the city from giving you a hard time will fixing your property. Are you pulling the right permits? Do you even know what permits to pull? As a BONUS there will be a teaching on the remodeling of Historic Homes. What should you look for when you are looking to buy a Historic House? Do you know the additional expenses of purchasing a Historic House?

Ron Carlson is the owner of Renovation Gurus, a turnkey solution for investors. As an investor himself he will be teaching this class from both the eyes of a Contractor and an Investor.

WHY RENOVATION GURUS?

“Just like a home, businesses also need a solid foundation in order to produce quality work. With honesty, consistency, affordability and integrity as the pillars of this company, we pride ourselves on offering clients superior renovation services. We are honored that you are considering us for handling your invaluable assets and will strive to uphold an unmatched level of work.”  Renovation Gurus

The founders of Renovation Gurus grew tired of contractors over pricing construction materials and not completing quality work in a timely manner. So, with over a decade of experience in home remodeling and investment real estate, they felt it time to bring all their resources together and open it to the public.  Renovation Gurus was founded to challenge the current “status quo” of other home remodeling companies. How? By offering a more affordable option for home owners to receive the highest quality of both property renovations and customer service.

So whether it is your personal home or investment property, let us here at Renovation Gurus bring our years of experience and discounts to help deliver an unbelievable finished product!  Click here to learn more about Renovation Gurus.

by Tim Herriage Tim Herriage No Comments

George Roddy to Present Flipping Real Estate for a Profit

George Roddy, Jr, our partner at DFWREIA, LLC, will be presenting the continuing education for REALTORS® at the April 9th investor meeting.  George is a seasoned instructor, investor, and service provider.

The Complimentary CE for the April DFW Investors meeting will be “Flipping Real Estate for a Profit TREC Course #32816”.  Our monthly CE sessions begin at 5:30 PM, and end at 6:30 PM.  The sessions are open to REALTORS® looking for CE credit and the general public that would like to learn the right way to conduct a real estate business.

Flipping Real Estate For a Profit: Flipping houses is simple but not easy.  You need a plan to follow and a team to execute.  So many people get hung up on every stage of the game but, you don’t need to.  George will explain his five steps approach to profiting from his house flipping business.  Whether new or a seasoned house flipper, you will learn a few things.  In his 1hr presentation he will cover:  Business systems, Vital Team Members, Lead Sources, Valuating, Contract Writing, Rehab – Planning, Rehab- Budgeting, Rehab – Execution and finally Selling  To Do’s (liquidation).  Come learn from a local flipper.

More About George:  George Roddy, Jr. is founder and CEO of Roddy Real Estate Investing Academy (RREIA) and Roddy Rentals (turn-key residential investment opportunities).  Prior to starting RREIA, George served as Vice President of Foreclosure Listing Service’s operations for 15 years.  He also has held his real estate license since 1998.  George has taught over 10,000 investors and real estate agents throughout his tenure and authored 8 different real estate investing courses that were certified for “mandatory continuing education” for real estate licensees/brokers.

More About the Roddy Real Estate Investing Academy:  The Roddy Academy offers education based on 25 years of Texas real estate investing experience. The Roddy staff has purchase over 9,000 properties and instructed over 20,000 investors and Realtors on Texas investment strategies, lead generation, market analysis, negotiations, rehabs, and liquidating single family properties in Texas.  Our mission is simple… to make YOU a more profitable real estate investor!

George Roddy – CEO

Roddy Real Estate Investing Academy

W:  https://roddy.com/

P:  214-593-0074

E:  george@roddy.com

A:  1415 Legacy Dr, Suite 350, Frisco, TX 75034

by Tim Herriage Tim Herriage No Comments

Scott Horne to be the Featured Speaker at the April DFW Investors Meeting

Our next free real estate investor meeting will feature a longtime friend of ours, Scott Horne. Scott Horne is a business partner and mentor to many of the most successful investors in Dallas Fort Worth.  Scott’s passion to help investors and create optionality in investment transactions has made him the go to resource for funding, legal, title, and a myriad of other investor focused services.

L. Scott Horne, principal partner of Horne & Associates, P.C., has practiced law in DFW for over 30 years while simultaneously building an impressive personal portfolio in single-family real estate investments. As a real estate and title fee attorney, he and his firm assist Realtors and Real Estate Investors in structuring, drafting, and closing creative real estate transactions as well as many other other business needs. Scott has has closed over 10,000 Owner Finance transactions. Scott uses a unique approach, blending both the legal and practical aspects of real estate to provide his clients a common sense approach to each transaction.

Scott has agreed to present The Art of Money at this months DFW Investors Monthly Meeting.

After borrowing three quarters of a billion dollars on over 7,250 single family homes…one at a time. Scott has learned that the real estate investment business is truly all about the money…..finding money, negotiating money, making money, saving money and keeping money.   Join Scott on April 9th to learn how to incorporate the basic principles and primary strategies of our industry, to achieve the end goal….wealth generation.

Scott and his team are always ready to help investors and their clients.  You can find them at their office in Garland, TX or online.

MORE ABOUT HORNE AND ASSOCIATES, PC

Started in 1988 as L. Scott Horne P.C., the firm was established to handle real estate transactions of all types for investors, and slowly grew to working with realtors as well.

Scott saw the opportunity in his real estate business relationships to expand into real estate title operations. He then quickly expanded to four title offices in the DFW area.

Today, Horne & Associates, P.C. incorporates all facets of the real estate industry into its business, which includes residential and commercial closings, title operations, investor and realtor representations, creative finance transactions, with a focus on creative real estate transactions, foreclosures and landlord / tenant representation.

972-271-1700
Scott@HorneRealEstateLaw.com
http://www.HorneRealEstateLaw.com

1795 Northwest Highway
Garland, Texas 75041

by Tim Herriage Tim Herriage No Comments

STRUCTURE SELLER FINANCE NOTES FOR MAXIMUM PROFITS

Tuesday, January 16th from 1:00pm to 2:30 pm at the 2020 REI Training Room.  8330 LBJ Frwy, Ste 1100, Dallas TX  75243

If you have an interest in selling and/or buying Seller Financed Notes, you should know the characteristics it takes to establish value and ensure that you will be in the best position to make the most money.
Whether you are a mortgage buyer or a property seller, the processes and paperwork before, during and after the sale need to meet specific standards to ensure that the contracts are legal, enforceable and profitable.
How does it work?

Amy Sayre with August REI will walk you through the steps and bring clarity to this investment tool.
You will learn:
What is the most important part of the transaction?
What are the activities involved in a seller financed note?
What are the risks involved?
Why do you need a credit report?
Why should you use experts to help?
What are the best ways to maximize profits?

RSVP    http://evite.me/MCFgUms9Ax
Class is taught by Amy Sayre at the 2020REI Training Room.  8330 LBJ Freeway, Suite 1100, Center III, Dallas TX  75243

by Tim Herriage Tim Herriage No Comments

REI Choice Insurance

RESIDENTIAL PROPERTY INSURANCE PROGRAM

  • SIMPLISTIC UNDERWRITING
  • NO PHOTOS OR INSPECTIONS
  • REQUIRED PACKAGED COVERAGE FOR VACANT &/ OCCUPIED DWELLINGS
  • FULLY PRO-RATED INSURANCE WITH NO MINIMUM EARNED PREMIUM
  • AVAILABILITY IN ALL STATES

REI Choice Insurance
1.972.755.1880
www.REIChoice.com
How Does This Differ From a Typical Homeowners Policy?

  • No penalty for property being vacant.
  • No exclusion for intentional acts by the tenants.
  • No up charge in premium for a roof due to age.
  • You do not pay premium for coverages you may not require, such as contents or temporary housing.
  • Claims filed on this policy will not have a negative impact your Homeowner’s claim history

Keep Your Cash Up Front
Keep more cash in your pocket and take advantage of monthly premium payment plans for no additional fee! So, instead of paying a bulk annual amount up front, you can budget your cash in a manner that makes sense for your business.

The abbreviated outlines of coverages used throughout this proposal are not intended to express any legal opinion as to the nature of coverage. They are only visuals to a basic
understanding of coverages. Please read your policy for specific details of coverages.

by Tim Herriage Tim Herriage No Comments

REI DATA SYSTEMS Officially Launches InvestorWell, where Real Estate Investors Have Lenders Compete for Their Business

Dallas, TX August 16, 2017– REI Data Systems, a division of 2020 REI Group, is proud to announce the official launch of InvestorWell, application created to help real estate investors secure funding for their property acquisitions.   The site is designed to be quick and easy so that investors can effectively get the capital they need without hassle. Investors would rather spend their time finding their next great deal, not chasing lenders to fund it.
“This invaluable tool for investors is appropriately named the InvestorWell,” said Tim Herriage, CEO of 2020 REI Group. “It’s a place where real estate investors can attain funding for their projects fast and easy and our lenders ensure the well is never dry.”
Many people are familiar with websites that have conventional mortgage lenders compete for their business. What makes InvestorWell unique is that it services the investment loans segment of the real estate market. Investment loans are different because they can fund faster and usually cover rehab expenses when needed. With this new tool for investors, they receive the best rates and terms from lenders who understand the real estate investment space and can often provide additional insight for their customers.
“InvestorWell has been extremely successful so far in our testing phase,” said Mike Inman, Vice President of Technology at 2020 REI Group. “We have turned a complex function of real estate investment into a straightforward process. 3 loan offers in 10 simple clicks. It’s as simple as that.”
To try InvestorWell for yourself, go to www.investorwell.com. InvestorWell is also actively looking to partner with lenders nationwide. To learn more about becoming a partner with InvestorWell, contact Justin Bennett at justin@2020rei.com
ABOUT 2020 REI
2020 REI Group is a complete real estate investor eco-system which provides comprehensive services for the single-family real estate investor. 2020 REI is a collection of professional real estate investing companies specializing in acquisition, brokerage, consulting, disposition, equity, financing, and technology services nationwide. We bring over two decades of experience and a large and varied portfolio together to help individuals and companies acquire, stabilize, and execute desired exit strategies within the real estate investment industry.  Tim Herriage was previously a cofounder and Managing Director for the Blackstone Group’s B2R Finance, and has been a real estate investor for more than fifteen years.
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by Tim Herriage Tim Herriage No Comments

2020 REI Expands Management Team by Adding Key Positions to Support National Growth in 2018

2020 REI Group, one of the only companies providing comprehensive services to real estate investors, has hired a slew of top professionals in the last six months to spur growth in Texas then nationwide.
“When I founded 2020 REI 18 months ago, I had a bigger vision of supporting real estate investors on a national level,” said Tim Herriage, CEO of 2020 REI. “Texas is one of the best markets for real estate investors to start buying properties and all investors are welcome, even out of state.”
2020 REI is focused on developing products and services to provide complete support for real estate investors. “I’ve always thought it made sense to offer value added services to our clients,” said Mike Burkett, VP of Originations for 2020 REI. “We are a one stop shop for investors. Our customers want support from a company that has done and seen it all.  We help our customers focus on what they do best.”

When I founded 2020 REI 18 months ago, I had a bigger vision of supporting real estate investors on a national level. Texas is one of the best markets for real estate investors to start buying properties and all investors are welcome, even out of state.

 TIM HERRIAGE, CEO, 2020 REI GROUP

2020 REI has recently added the following officers to support its customers’ needs: Abe Romero, VP of Marketing; Justin Bennett, VP of Business Development; Marcus Reynolds, VP of Investor Relations; Andrew Costlow, VP, Insurance Operations; and Mike Inman, VP of Technology.
“It’s an all-star team,” said Tim Herriage. “With these additions, along with our other officers, we are set up to make a push across Texas and then nationally.”
The 2020 REI team also includes Adam Trujillo, VP of Operations; Richard Weeks, VP of Administration; Catherine Gill, VP of Finance; and finally, Mike Burkett, VP of Originations.

by Tim Herriage Tim Herriage No Comments

June 2017: North Texas Real Estate Stats

The statistics on Real Estate in North Texas are in and we have been seeing consistent growth from Q1 of 2017.  If you currently own an investment property in North Texas, it is a safe bet that it’s appreciating at an impressively consistent rate. Within the last month there has been approximately a 21% sales increase. As a result, investors and owner occupiers are purchasing additional investment properties at a rapid rate.  Furthermore, the days on market has decreased approximately 8% while there is a 16% increase of active listings.  Why is this important information? The DFW market is growing and individuals are working hard to capitalize on as much profit as possible. While it may be a struggle to locate undervalued properties, it is beneficial that you work with a team like Investable Realty to find you the right home. Not only is Investable Realty proficient at sourcing deals, they help investors finance, rehab, and stabilize their properties as well.
“While it may only look like a seller’s market, the increasing rate of listings,sales, and appreciation are attracting investors of all levels to buy in what’s considered to be the best investment real estate market in America.”
-Marcus Reynolds, VP of Investors Relations