Looking for SFHs in Atlanta area

Hello,

I'm looking to purchase SFHs in the Atlanta Georgia area to fix/flip.

Criteria:
Min 3 bed/2 bath
Min 1,000 sf
ARV $100k to $300k
Repairs < $60k
Single family detached (no condos/townhomes)
Good neighborhoods

I am an experienced investor, cash buyer, and can close quickly.

Thanks,

wade

Wade,

I know of a rehab opportunity that borders Buckhead listed in the low - mid 200's.. I am currently short of cash. It sold for $225,000 in 1995, $425,000 in early 2000's and $440,000 in 2005 And, yes, I have good active, expired and sold comps.

I owned the home until it was foreclosed on in Feb '09. Now owned by FNMA. I lived in the neighborhood from 1997 - 2008. I am also an appraiser w/20 years experience.

The house, built in 1950 can be easily be rehabbed for 10-20k (my estimate) and sold for a tidy profit, of course supported by recent CMA.

The lot is .7 acres, but most others are just north of a half-acre. Much like the direction the neighborhood is taking, this lot is probable the best perspective tear-down in the S/D. (I say that personally and professionally).

Here are the recent price reductions:

July 2009 $349,000
August 2009 $329,000
October 2009 $299,900
October 2009 $279,900
November 2009 $239,900

Thanks - Allan Gold

I'll take a reasonable birddog fee for putting you in the deal.

I'd like to speak w/you whether you are interested or not.

Edited: 06/26/2010 at 10:41AM

J Scott

Real Estate Investor · Atlanta, Georgia

6086 posts
66741 Influence
13 Awards

Icon_minipost Nov 30 '09, 09:35 PM

Allan -

Is this the same property you posted in another thread that you called a "tear down"?

There's a big difference between a $10-20K rehab and a tear down... :)

Edited: 06/26/2010 at 10:41AM

J Scott

Real Estate Investor · Atlanta, Georgia

6086 posts
66741 Influence
13 Awards

Icon_minipost Nov 30 '09, 09:37 PM

Not to step on the OP's toes, but if anyone has any great deals in Cobb County they're looking to sell, let me know...I'd love to pick up another 5 properties before the end of the year...

Edited: 06/26/2010 at 10:41AM

Allan Gold

Private Money Lender · Atlanta, Georgia

8 posts
57 Influence

Icon_minipost Nov 30 '09, 10:19 PM

Originally posted by J Scott

Allan -

Is this the same property you posted in another thread that you called a "tear down"?

There's a big difference between a $10-20K rehab and a tear down... :)

Scott,

Within this neighborhood there are a good number of teardowns because it's an old and desirable neighborhood. There are other investors who, due to the meager market for new construction, have opted to do a quick rehab and cash out.

In reflection, I believe the best way to turn this property quickly and efficiently would be a renovation.

Edited: 06/26/2010 at 10:41AM

Wade Munday

Hard Money Lender · Atlanta, Georgia

58 posts
470 Influence
1 Award

Icon_minipost Dec 02 '09, 10:20 PM

Hi Alan,

I'd be interested in taking a look at your deal.

Thanks

Edited: 06/26/2010 at 10:43AM

Lawrence Moss

Real Estate Investor · brighton, Michigan

56 posts
471 Influence
4 Awards

Icon_minipost Dec 03 '09, 06:21 AM

Hey Wade,

I have a wholesale list from a hedge fund if you are interested in any or all contact me.

1381 DESOTO AVENUE ATLANTA GA 30310 $30,111.00
2771 PALM DR ATLANTA GA 30344 $15,369.00
950 BOLTON RD BLDG E1 4 ATLANTA GA 30331 $18,500.00
2367 EL PASO RD ATLANTA GA 30331 $29,683.00
2049 GRANT RD SW ATLANTA GA 30331 $23,500.00
555 PAINES AVE ATLANTA GA 30318 $26,300.00
873 EUGENIA PL 4 ATLANTA GA 30318 $27,550.00

Edited: 06/26/2010 at 10:43AM

Scott Hawley

· Azle, Texas

102 posts
469 Influence
1 Award

Icon_minipost Dec 28 '09, 02:28 PM

Lawrence,
From the discussions that I have had with Wade, he will not touch zip codes 30310, 30314 and 30318.
Scott

Edited: 06/26/2010 at 11:00AM

Munir N

Real Estate Investor · Novato, California

29 posts
125 Influence
2 Awards

Icon_minipost Jan 18 '10, 06:27 AM

Hi Wade,
I am not sure if you are still looking for SFH in Atlanta. I have one about 15 minutes from downtown.
It needs about $15-20K of rehab. ARV is about $80K.
Please email me at address below if interested.
Happy Investing!!!

Edited: 06/26/2010 at 11:16AM

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