Providing Education, Motivation and Networking
Opportunities for Real Estate Investors
CCIA is an organization of and for real estate
investors. Through monthly meetings, educational programs
and networking opportunities, our members learn how to achieve
their investment goals. CCIA was started in 1984 to serve
the purpose of providing education, motivation, and networking
opportunities for local investors. It now serves more than
1000 investors from all over the greater Chicagoland area,
and into Indiana and Wisconsin.
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Next
CCIA Meeting
July
19, 2009
Dyches Boddiford
Buying and Selling Using Seller Financing...
Tremendous opportunities are all around us in
today’s market - prices
and terms that allow positive cash flow, motivated sellers willing and able
to carry financing, buyers who will pay a premium for seller financing. For
the investors who are fluent in creative finance techniques this is one of
the best markets we have seen in years.
CCIA’s July meeting features one of the
most respected and talented creative deal- makers
in the country. If you want to take full advantage
of today’s opportunities, you need to be
there ready to listen and learn.
LLC's
/ Dyches Bio
Corporate
Fortress
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Meeting
Location
Signature Events at Seven Bridges
Map
6:00-9:00pm
Free for Members / $15 for Guests
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Check out our Banner Ads at the side of the page. There just may be something
there to make your life easier and more successful....
CCIA Members Speak -
Click to see
what they are saying!
(latest entry 7/2/09)
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Senator
Rutherford warns Illinoisans about new service
taxes
PONTIAC, IL - The State Senate recently voted in favor of the largest income
tax increase in Illinois history, but that pales in comparison to what else
was in the legislation, according to State Senator Dan Rutherford (R-Pontiac).
The bill, HB 174 Senate Amendment 2, also created, for the first time in Illinois,
a tax on services.
“The
new tax on services would be on such services
as cable TV, dry cleaning, bowling, pet grooming,
Internet service, gym memberships, sports tickets
and diaper service. It would take billions of
dollars out of the wallets and purses of Illinoisans
and cause thousands of businesses to start collecting
and remitting this new tax to the state,” noted
the Senator who voted against the legislation.
Rutherford
added, “Most people comprehend when something
is going to go up 67 percent, especially their
income taxes. They may not like it, but they
know what it is. The Service Tax is much more
of a ‘stealth tax.’ It would be similar
to a sales tax on products and would definitely
increase the price of those services.”
“With
the current financial situation our economy is
in, now is not the time for government to ask
taxpayers for more money through an increased
price in their services,” Rutherford explained. “Once
a new tax on services is established, it will
be easy to add even more services to the list
of hundreds. It could easily soon include barbers,
beauticians and auto repair.
The Illinois Senate has passed the Service Tax Legislation with all Democrat
votes. It has not yet been voted on in the House of Representatives, but could
be acted upon this summer.
“The
debate on raising the income tax has received
much of the media attention, but a new tax on
services would permanently change the landscape
of taxing opportunities in our state. The public
needs to be aware,” emphasized the Senator.
Senator
Rutherford has posted the list of hundreds of
services that would be impacted, on his Web site
www.DanRutherford.com
As
landlords we are “lucky” that rents
are not included in HB174 Senate Amendment 2.
But don’t think for 1 second that we dodged
a bullet. Just a few things that could be taxed
if this bill passes are: landscaping services,
snow plowing services, tree trimming/removal
services, coin-op laundry, internet service providers,
carpet cleaning, cleaning services, duct cleaning,
chimney sweeps, trade fairs, conventions, self
storage units, and many more that will directly
effect your business and your bottom line.
Now if you have a day off and want to take a train ride to the city to see
a play, or Cubs/Sox/Bears/Bulls/Blackhaws and you have to take a city bus or
cab ride, your being taxed on all if it. Want to pick up a DVD at Blockbuster
for a nice quiet evening at home? Taxed!! Member of a health club? Taxed! Have
a personal trainer at that club? Taxed! Need something dry cleaned? Taxed!
Want to go get your hair cut? Taxed!!! Ladies want a day at the spa? Taxed!!!
The list is 29 pages long. If this is making you sick, they are going to tax
your home hospital bed rental and wheelchair. Oh and if your feeling taxed
to death, don’t worry they’re taxing the hearse they are taking
you out in.
This bill
is has passed the senate but has not passed
in the house yet. Call your representative
today and let them know you pay enough
in taxes, its time to stop taxing Illinoisans
to death. |
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Landlords / Investors - we have
consolidated Critical Resource items on our Resources
Page - Landlord Resources. You can click on the Resources
Menu button above or just click
here!
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11/19/08 - A Note from
Jane on Inspections and Licensing -
Click for Article
New
Vendor Application Package Posted 10/31/08 - Click
Here
Important IRPOA Legislative Update -
Click Here |
| Jul 19, 2009 |
CCIA Monthly Meeting
Note: Signature Events 7 Bridges Location - Map |
Dyches Boddiford
Buying & Selling Using Seller Financing |
| Aug 16, 2009 |
CCIA Monthly Meeting
Note: Signature Events 7 Bridges Location - Map |
Johnny "Transition Man" Campbell
Hpw to attract more buyers, sellers, tenants and MONEY using
Social Media Marketing |
Visit Our Events Page for More Details on All
of Our Meetings! |
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Dear CCIA Members and Friends,
Amazing how the time has flown
past. At the time we started the Chicago Creative Investors
Association back in June
1984, I’m sure a 25th anniversary was as far from
everyone else’s minds as it was ours. We just needed
a positive supportive environment where we could meet,
learn and discuss real estate investing with people who
were excited about the business. The time was brutal – unbelievable
interest rates, lots of people losing their jobs, and the
economy in turmoil. It was vital to be around people who
had a plan and were working it.
Twenty-five years later we are still here, still working
hard to provide the education, motivation, and networking
you have come to count on. A few dozen of our original
members are still actively participating, and others check
in from time to time from retirement. It is gratifying
to see the successes. And, that positive supportive environment
is as important to our members now as it was 25 years ago.
Many of you have helped over
the years by speaking on panels, providing expert advice,
helping check people in,
website design and maintenance, writing articles, carrying
boxes, transporting speakers, putting together the power
point presentations, running the meetings, offering advice
and ideas, helping with the charity events, monitoring
legislation, calling your legislators, providing door prizes,
telling friends and fellow investors about meetings, and
countless other roles I may not even be aware of. In the
meantime we have seen thousands of investors and would
be investors come through the doors. I would like to think
that we have been instrumental in helping everyone who
has come, even if it was just helping some decide that
real estate wasn’t the financial vehicle for them.
I would like to acknowledge
some folks of special importance. Marc Goodfriend, my
late husband, was a key figure in getting
all of this off the ground. Some of our long time members
can tell you what a privilege it was to know him. I would
also like to express my gratitude to Dr. Albert Lowry who
gave us a jumpstart by sending his Chicago area students
to us for the first several years. They may have been beginners,
but they were all enthusiastic. We benefited greatly by
being the local answer folks for Carleton Sheets as well.
When my sister came to visit, she dubbed the nonstop phone
calls as “Jane’s free consulting service”.
Many others like John T. Reed have been immensely helpful
by keeping us in touch with the national press. Closer
to home, Wes Bishop has volunteered his time and ideas
for as long as I can remember. Without his help and support
I am pretty sure CCIA would not have made the 25-year point.
There are others who have been there through thick and
thin to help whenever and wherever they could. We are extremely
grateful for all of your help.
Marc and I had just quit our jobs as Loyola Professors
when we started CCIA. Being educators at heart we spent
countless hours writing books, articles, courses, and teaching.
Then there are the stories I could tell of the years Marc
and I spent on the national circuit as gurus. Much time
was also spent helping to launch National REIA and serving
on their Board of Directors and as their newsletter editor.
When statewide legislation started to be a problem we refocused
our attention. Years of monitoring and fighting legislation
via Illinois Rental Property Owners Association have followed.
Somehow, none of this was in the plan when we started CCIA,
but it has all come with the territory. If you are going
to run a responsible organization, you need to take care
of the needs of the people that belong.
CCIA has helped a number of speakers launch their careers.
Of special note was Jeffrey Taylor, (aka Mr. Landlord).
CCIA was the first real estate association to welcome Jeffrey
to its stage. He has since developed his newsletter and
website into one of the most trusted sources for landlord
advice in the country.
Most of the speakers you see
at CCIA have well-established national reputations as
experts in their chosen niche.
You have also seen some of the local areas most knowledgeable
folks specializing in topics that demand some local expertise.
A few years ago one of our members suggested the tagline “Bringing
Chicagoland the most brilliant minds and ideas in real
estate for over 25 years.”
Here’s to our members.
It is through you and with your support that we have
been able to provide all of this
for the real estate investing community of Chicago for
the past 25 years.
Thank you!
M. Jane Garvey
PS Please join us as we celebrate
the CCIA’s 25th
anniversary at our meeting June 28th. We have a great program
planned, and lots of fun in the works for this meeting.
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