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February 3, 2012

Seminar will introduce first-time buyers to real estate investment

Charles Oliver charlesoliver@daltoncitizen.com

Buy low. Sell high.

Everyone knows that’s the key to making money, and that’s why real estate educator Tom Gillett says now is the perfect time to start investing in real estate.

“The people who lose money usually are ones who try to time the market,” he said. “By the time you realize the market is coming back it has already come back. Back in the late 1970s, everyone was bailing out of the Texas market because the economy was so bad. But I said back in those days that if a person had the money he could buy Houston real estate and in five years find themselves set for life. That was proven to be true.”

Gillett, who runs the Tom Gillett Co. in Snellville, has spent more than 30 years in the real estate industry and was named instructor of the year by the Georgia Association of Realtors in 2003 and received the distinguished career award from the Georgia Real Estate Educators Association.

He will speak Wednesday, Feb. 15, at the “Real Estate Is Revenue” seminar starting at 8:30 a.m. at the Dalton Golf and Country Club. The seminar is free to the public and includes breakfast.

“It will be geared primarily towards the novice investor, the first-time investor, the investor who has always been interested in real estate and afraid to take the first step or unaware of what the first step even is,” he said. “This will be for that person who has been saving and preparing for their future but has been putting their money into CDs or a mutual fund or something like that and who is looking to diversify.”

Gillett said he will talk about the history of real estate investing and different investment strategies.

“I’ll be talking about some basic things such as how real estate with a building on it is different from investing just in land because of its ability to pay for itself over a period of time. We’ll talk about some of the positive tax benefits to real estate ownership. And we’ll have a question-and-answer session,” he said.

Gillett said the seminar will focus primarily on residential real estate but will also include commercial real estate.

“There are a lot of opportunities today in commercially zoned properties such as office buildings, and those properties can be picked up by the novice investor,” he said.

Space is limited at the session, and those who wish to attend should RSVP by Feb. 13. To RSVP, call Jennifer at (706) 278-9268. To find out more about the seminar, go to realestateisrevenue.com.

The seminar is presented by Coldwell Banker/Kinard Realty, The Daily Citizen, Alliance National Bank, First Bank of Dalton and Precise Home Inspections.

“We’ll have two lenders there — Alliance National Bank and First Bank of Dalton — and a home inspector, Precise Home Inspections,” said Mike Maret, principal broker at Coldwell Banker/Kinard Realty. “So if anybody has any questions about home inspections or financing, they’ll be able to answer those. There’s no obligation for attending.”

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