Rental Property Investor · Atlanta, GA · Member since 2014 · 807 posts · 274 votes
Hello Bigger Pockets friends! I'm Marvin and I'm an Atlanta based investor. I've been investing since April 2014 and have experience doing wholesale deals, lease purchases and other structured transactions. I've lurked on Bigger Pockets for about a year and have recently found myself increasingly using the forums to expand my knowledge base to get more deals done. Please feel free to say hello, especially if you're in the Atlanta area, as I'm always looking to meet other investors!
Cumming, GA · Member since 2015 · 6 posts · 1 vote
11y
Hi Marvin, John from Cumming here. Seems like there are a lot of us Atlanta folks here. I wonder when the last Atlanta meet-up was. If it's been a while, we should get one cranking.
Atlanta, GA · Member since 2015 · 3 posts · 0 votes
11y
Hi Marvin,
I'm new to BP, and I will probably do my first rehab soon. Is always good to know wholesalers and if you come to Roswell one day lets meet and have a coffee.
BiggerPockets Support · São Paulo, São Paulo · Member since 2015 · 548 posts · 79 votes
11y
@Marvin McTaw Welcome to BP, a great place to share and enhance your REI knowledge. Feel free to drop in a line if we can be of any help. See you around forums!
Rental Property Investor · Mineola, NY · Member since 2014 · 838 posts · 212 votes
11y
@Marvin McTaw Atlanta is a hot market right now. I actually love the submarket in Marrietta and around there. Currently I am working on some stuff up there.
Hi Ericka. Thank you for sharing. I'm actually a member of the Atlanta REIA and go every now and again to the monthly meetings, Have's & Wants weekly meetings and CRE sub-groups. To be perfectly honest, I get bored at most of the meetings. The majority of the contacts I've made also haven't been particularly helpful with the exception of my main attorney who I've used for several closings.
In my experience, the best contacts I've made have been in the regular course of business, online forums like BP and online trainings from other guru's.
BP is full of useful resources such as forums and blogs. Welcome to the Bigger Pockets community-be sure to check out all the awesome BP blogs under “Learn.”
@Marvin McTaw Atlanta is a hot market right now. I actually love the submarket in Marrietta and around there. Currently I am working on some stuff up there.
Yeah there is definitely a lot of activity in the market. One of the issues I've recently had is finding the deals. I've had to adjust my inventory sourcing/marketing because pretty much anything that's listed isn't working.
While my team and I still bid at auctions and bid on REO's, HUD Homes, Homepath, Homesteps, etc. the vast majority of my deals are coming from off market, direct sources (e.g. direct mail, bandit signs).
BP is full of useful resources such as forums and blogs. Welcome to the Bigger Pockets community-be sure to check out all the awesome BP blogs under “Learn.”
Cumming, GA · Member since 2015 · 6 posts · 1 vote
11y
Hi Marvin, John from Cumming here. Seems like there are a lot of us Atlanta folks here. I wonder when the last Atlanta meet-up was. If it's been a while, we should get one cranking.
Investor/Property Manager · Suwanee, GA · Member since 2014 · 93 posts · 40 votes
11y
Hi Marvin,
We are Atlanta based. We have found that having agents that have been in the area for a long time works better with finding great deals, than just doing all of the above things you mentioned. We bought over 60 properties last two years in the area, and our agents keep bring us deals. With that being said, Atlanta is hot, and your bids have to be super competitive, not all deals will be right for you, but with a network of agents covering different areas of town, acquiring "hold" and "flip" properties is challenging buy perfectly doable.
Feel free to drop me a line if you want to discuss further. We have agents that cover different areas that we are interested in, and I have also found investors willing to sell some of their properties when their strategy changes.
Hi Marvin, John from Cumming here. Seems like there are a lot of us Atlanta folks here. I wonder when the last Atlanta meet-up was. If it's been a while, we should get one cranking.
Yeah John there are definitely a lot of Atlanta folks in here. There's also a sub-forum for Atlanta at http://www.biggerpockets.com/forums/647-atlanta-real-estate-forum. Why don't you take the reigns and organize one?
We are Atlanta based. We have found that having agents that have been in the area for a long time works better with finding great deals, than just doing all of the above things you mentioned. We bought over 60 properties last two years in the area, and our agents keep bring us deals. With that being said, Atlanta is hot, and your bids have to be super competitive, not all deals will be right for you, but with a network of agents covering different areas of town, acquiring "hold" and "flip" properties is challenging buy perfectly doable.
Feel free to drop me a line if you want to discuss further. We have agents that cover different areas that we are interested in, and I have also found investors willing to sell some of their properties when their strategy changes.
Again, good luck and good "buys".
Marina great advice - always great to have help! I currently have virtual assistants that help me sift through deals, screen sellers, and get deals done. I've worked with agents in the past primarily on HUD deals. I'd love to hear any advice/suggestions you have. Also if you can connect me with yours, please feel free to put me in touch.
We are Atlanta based. We have found that having agents that have been in the area for a long time works better with finding great deals, than just doing all of the above things you mentioned. We bought over 60 properties last two years in the area, and our agents keep bring us deals. With that being said, Atlanta is hot, and your bids have to be super competitive, not all deals will be right for you, but with a network of agents covering different areas of town, acquiring "hold" and "flip" properties is challenging buy perfectly doable.
Feel free to drop me a line if you want to discuss further. We have agents that cover different areas that we are interested in, and I have also found investors willing to sell some of their properties when their strategy changes.
Again, good luck and good "buys".
Marina great advice - always great to have help! I currently have virtual assistants that help me sift through deals, screen sellers, and get deals done. I've worked with agents in the past primarily on HUD deals. I'd love to hear any advice/suggestions you have. Also if you can connect me with yours, please feel free to put me in touch.
Thank you!
Marvin could you tell me more about virtual assistant you are using and how it all works. Thank you
Rental Property Investor · Atlanta, GA · Member since 2014 · 807 posts · 274 votes
11y
re: Virtual Assistants
I use virtual assistants for a variety of tasks including marketing (e.g. contacting FSBO's, sending out direct mail campaigns, posting ads to sell properties, etc.), research (e.g. running skip traces, pulling comps, etc.), bidding on auction homes (HUD Homes, online auctions), and screening seller leads (i.e. anyone who calls in from marketing). I found a couple of the VA's I found on oDesk (now Upwork.com) and the other two that I have doing pre-screening were referred to me from a property management company manager.
My virtual assistants are primarily based in the Philippines and the two pre-screeners are in South America. I pay them an hourly rate and bonuses for whenever we sell houses. In regards to training, I have a training module in my CRM/Project Management system and generally try to write everything down step-by-step and do a screencast so they will know exactly what they are supposed to do.
In addition to training them, I would say one of the biggest tasks is making sure you hire the right people. You will get a a lot of people applying for your jobs. Sifting through them can be kind of difficult but when you find good ones, hold on to them.
Investor · Decatur Atlanta, GA · Member since 2011 · 610 posts · 232 votes
11y
@Marvin McTaw I've learned quite a bit at the REIA meetings and if you join all the meetings are free and I usually take home one nugget of information that I can use in my business. The best ones are the subgroups for a particular area.
Off market deals are the best, especially the landlords that bought maybe 1-3 properties during the downturn and discovered being a landlord isn't easy.
Rental Property Investor · Atlanta, GA · Member since 2014 · 807 posts · 274 votes
11y
@Kevin Polite - yeah you can definitely learn things at the meetings. Probably the most useful sub-group for me was the Creative Financing sub-group. I've gone two or three times.
I use virtual assistants for a variety of tasks including marketing (e.g. contacting FSBO's, sending out direct mail campaigns, posting ads to sell properties, etc.), research (e.g. running skip traces, pulling comps, etc.), bidding on auction homes (HUD Homes, online auctions), and screening seller leads (i.e. anyone who calls in from marketing). I found a couple of the VA's I found on oDesk (now Upwork.com) and the other two that I have doing pre-screening were referred to me from a property management company manager.
My virtual assistants are primarily based in the Philippines and the two pre-screeners are in South America. I pay them an hourly rate and bonuses for whenever we sell houses. In regards to training, I have a training module in my CRM/Project Management system and generally try to write everything down step-by-step and do a screencast so they will know exactly what they are supposed to do.
In addition to training them, I would say one of the biggest tasks is making sure you hire the right people. You will get a a lot of people applying for your jobs. Sifting through them can be kind of difficult but when you find good ones, hold on to them.
this is very impressive and new to me. I was Realtor's expo last week at Cobb Galleria and there is actually a local company based in Alpharetta that is doing virtual assistance.Thanks for details.
Douglasville, GA · Member since 2015 · 38 posts · 2 votes
10y
I am a wholesaler fairly new to BP and I am looking forward to doing everything to grow my business. I am on the verge of purchasing my first list and set of bandit signs. If anyone knows of a good Atlanta based mentor, I sure can use one.