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Updated over 5 years ago on . Most recent reply

User Stats

25
Posts
12
Votes
Victor Thompson
  • Investor
  • San Antonio, TX
12
Votes |
25
Posts

Athens Meetup 9 Jan 2020

Victor Thompson
  • Investor
  • San Antonio, TX
Posted

2 Replies

  • 01/09/20 05:30PM - 08:30PM America/New_York
  • 160 Tracy Street Athens, Georgia 30601
  • $8

Disclaimer: BiggerPockets does not support or sponsor any meetups unless otherwise noted. Do your due diligence before attending any events. You may be agreeing to attend an event that includes promotion, pitching, or high-pressure sales tactics or techniques. There may be pitching of products, services or properties at this event!

Register for the event here: https://www.eventbrite.com/e/athens-real-estate-investment-2020-meetup-tickets-88529964507?aff=erelexpmlt

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Refreshments served! If you want to partake in the food and drink we ask that you bring along $8 to help us cover the cost.

This is one of our favorite days of the month and we look forward to hosting you!We invite all those who are action oriented and determined to achieve the life they desire through real estate. If you have not been to our meetings before, but have heard about them it is time to take action! If you have never been before check out the agenda below.

We want to focus more on deals this year and if you have one please send to [email protected] prior to our session. Please include: Price, ARV, repairs, and a general description. Would like to include a template, but for now I have an example below and we will improve as we go.

5:30 Networking Starts

6:15 Haves and Wants (introductions and Personal Pitch time) You have the opportunity to pitch any deals you have or what kind of deals or services you are looking for. If you do not have deals to share simply share what service you provide. Our group is rapidly growing so please keep these to no more than 1-2 minutes. 

6:45 Main Speaker (30 mins -1 hr)

7:30 Networking with other pros and investors

8:30ish - End of Event

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Contract available for assignment for 122 (vacant lot), 124, 126, and 128 Stallings Rd, Greenville, SC. All three units are mobile homes on city water, septic for sewage.

Please watch the overview video in the link provided...https://youtu.be/3yxNwQ0KFKc

I talk through our pre-purchase analysis for the property, as well as a few other particulars. Happy to answer any questions, but please view the video first.

NOTE: the majority of the repairs & updates included in the report are NOT necessary work. We asked our contractor to include all potential updates in order to get a full scope of the condition of the property. Based on the current condition, there is roughly $4-6k in repairs that should be addressed upon purchase.

Assignment Price = $150k / now $137,800
Cash Only, As-Is
EMD $5k
Close on or before 1/25/20

Current Rents = $2,100 / mo
124 Stallings Rd = $850 / lease end 8/18/20 / 3bd/2ba 1,500sft
126 Stallings Rd = $550 / month-to-month / 2bd/2ba 850sft
128 Stallings Rd = $750 / lease end 10/10/20 / 2bd/1ba 850sft
(122 Stallings Rd = vacant lot not set-up for or large enough for another unit)

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