Investor · Acworth, GA · Member since 2017 · 11 posts · 3 votes
After about a 10 year absence I'm cranking it back up again. My name is Tom Burks from the Woodstock and Acworth area in Cherokee County, Georgia. I had started in the REI business in 2003 dealing mainly with manufactured (mobile) homes. Did some wholesaling and others I fixed and sold the notes. I had also flipped a town home in Marietta as well. I left the business in 2007 (without losing anything) and am revving it back up now. Waiting to close on a HELOC and will focus on SFR's.
My progression of goals is to wholesale a few homes to build additional cash reserves then move onto flipping. And then ultimately start acquiring some holds (including some multi-units) for cash flow.
At this point I'm looking to build my "team" and meet with local investors.
@Tom Burks yes I believe you're talking about the Cartersville REIA with Bill Cook. He retired from that last Dec. It was a great meeting. Now the best one I've seen is meeting is at 2 Ravinia Drive Suite 105 Atlanta, GA 30346. It's on the last tue of each month. Run by @Jered Sturm. Free and no pitches. About 70-90 attendees each meeting. Very valuable.
Hi Tom, Welcome back .I'm Mike I'm a new wholesaler in the Cherokee, Woodstock area. I would love to help you out as much as I can to learn this business. As of now I am Marketing in the Marietta, Smyrna Cobb county areas.
Thanks, Michael. Have you had any luck finding properties in the area?
Most of the advise I can give is on the mobile home side. Since they are titled like vehicles, it's quick to get in and out. Wholesaling them was easy as well. I'd find ones that went back to the lender and contact them. Write up everything wrong, take pictures, and offer them a couple of hundred dollars. Once they approve and send you the title, hire someone to clean out the place. Turn around and sell for $5k - $7k cash.
On the nicer, newer models, I'd flip them. Put up to $1500 into it and sell for $19k with owner financing (with $1500 to $2000 down) and sell the note.
If you can find a nice park to work with (meaning the park manager) they will start providing you leads so they can start getting lot rent again.
Congratulations on getting back in it! My wife and I do rehabs in the area and some wholesales here and there. Most of our wholesaling is in Charleston, SC. We also hold a rental portfolio. Let me know if there is anything we can do to help. Deals are hard to come by in this market but they are out there! We have a great meet up once a month with tons of local investors if your interested in the details, LMK.
Thanks, Parker. I'm sure we'll be in touch. Yes, please provide the meet up info. I used to go the one up north of here (in Adairsville, I think it was), but I believe that one has disbanded. Went to a few ITP but they were more for selling courses. Hopefully that has changed.
Hey Tom/All, I also come from Cherokee County. Like everyone else, I would love to chat on how we can achieve some of those goals together. I am actively building a rental portfolio, and doing a lot of searching for rehab deals through reliable wholesalers. Currently living in Marietta, so would also like details on any meet-ups OTP.
@Tom Burks yes I believe you're talking about the Cartersville REIA with Bill Cook. He retired from that last Dec. It was a great meeting. Now the best one I've seen is meeting is at 2 Ravinia Drive Suite 105 Atlanta, GA 30346. It's on the last tue of each month. Run by @Jered Sturm. Free and no pitches. About 70-90 attendees each meeting. Very valuable.
@Melanie Sierra yes it should be! @Jered Sturm has more details. It's the last Tue of each month. There is a FB page that Jered can get you added to also. It's a fantastic meeting.