All Forum Posts by: Alex Babayev

My name is Alex Babayev, I have been investing in the Atlanta area since 2011. I have completed over 30 flips and have my own rental portfolio in Atlanta.

I am seeking help in 2019 to help grow my business as well as help others grow and learn real estate investing.

I am in need of various individuals who may bring various talent. 

1. Off market lead generation - Perhaps you may have experience with Marketing, social media, advertising. All this is valuable to me and I would like to see how we can leverage your talents in my business. 

2. Local Individual Needed - Looking for someone who is local in Metro Atlanta who would like to be involved in the real estate business. One day may be delivering materials to a job site, another day doing a walk through for potential new tenants at a rental property, the following week recording and taking pictures of contractors progress at a  job site etc. 

3. Direct Mail Expert - Looking to pump up direct mailings in 2019, seeking individual who may be able to assist with marketing campaign for finding off market properties. 

4. If you are local in Atlanta and want to trade your skill/talent in exchange for real estate knowledge and training please reach out to me as well so we can figure out a way to bring value to each other. 

Below if a video highlight reel of some flips I have done around town. Looking forward to your responses. 

https://www.youtube.com/watch?v=ysMWlwmsWM4&t=265s

Regards, 

These are post renovation rehab stats @Ali Boone

Rule #1 Don't Lose MONEY EVER! (Especially when it's OPM Other Peoples Money) I fight harder and longer for OPM than for my own. Happy Customers AKA Investors leads to repeat business. Repeat business and happy customers are easy to gain when you make them MONEY. This results in FREE word of mouth advertising for your business which directly correlates to more Money for your business and investments.

Rule #2 Don't get EMOTIONAL when it comes to Money this directly leads to losing money which would go against Rule #1 Emotions are very dangerous in business, this can lead to sympathy for others, for example a contractor asking for some money upfront (you will never see him again) etc. Emotions lead to loss of money remember this and you will protect yourself and your investors.

Agree? Disagree? Have Input? Comment below

Reminder that a 10-percent tariff on imported Chinese goods will be implemented on September 24th, 2018. Take this into consideration when pricing upcoming Real Estate projects. I have already got notifications from vendors to expect price increases starting Oct 1st, 2018.

This will have an impact of all aspects when flipping, renovating and maintaining rentals. 

Granite, Quartz, Kitchen Cabinets, Metal, Wood etc. price accordingly going forward.

On Jan. 1 when the tariff rate jumps to 25%. Further, this increase is coming on top of the current 20% tariffs on softwood lumber imports from Canada.

@Scott Skinger

I am not focused on any particular marketing, I am buying apartments in different markets wherever the numbers make sense. 

My simple question is why buy buildings with  more units when you can buy less units and get the same money in your pocket with less exposure. 

Is it better to buy higher price point rent per unit apartments as opposed to buying more units with lower rents. You can buy 20 a unit building that rents for $1,000/month, gross rent = $20,000 or you can buy a 40 unit building that rents for $500/month, gross rent = same $20,000

You have less exposure when you have less units, less maintenance, less move in/move out, less expenses overall.

Anyone want to chime in on your thoughts regarding the pro’s and cons of each strategy?

@Jamil Rivera what is you email - I specialize in value add renovations, flips, multi family etc. I am located in Atlanta and have done over 25 flips in Smyrna/Marietta area

I’ve did 2 flips in Woodstock,GA in 2017 the 1st one went under contract in a few days (April)the second one took around 45 days (Nov)

I am no longer investing in Woodstock, the demand has seemed to slow down

@Carlito King

You can read my BP wrote up on one of the deals below 

https://www.biggerpockets.com/forums/223/topics/440534-woodstock-ga-value-add-flip-60k-profit-analysis

@Ludmila M.

I waive inspection and buy as is. I don't really care too much we usually gut all the houses anyways nothing we can't really fix. 

@Michael Ehmann Thanks!

Hi @Rick Baggenstoss I have done several flips in Atlanta and mainly always use laminate, since my remodels are pretty involved it is hard to save the old hardwood because a lot of the areas I open walls and change the interior layout are then missing hardwood. I have never gotten any negative feedback on laminate as a finish. 

My standard now is to always create an outdoor living space, I always try to find a way to build a deck if one does not exist. 

Hi @Scott Harper yes, I tell my agent to relay the message of why I am making that low of an offer. We are transparent and tell them we are in it to make a profit and these will be our costs to rehab the property. The motivating forces here was that this was an estate sale with 3 out of state sisters selling the property. My quick cash, no closing costs, no appraisal, no inspections was attractive to them.