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All Forum Posts by: Allen Thomas

Allen Thomas has started 8 posts and replied 221 times.

Post: Will Trump make things better for real estate investors?

Allen ThomasPosted
  • Real Estate Agent
  • Austell, GA
  • Posts 232
  • Votes 74

ummmm probably not...

Post: Can you be to old to invest in real estate

Allen ThomasPosted
  • Real Estate Agent
  • Austell, GA
  • Posts 232
  • Votes 74

If the amount is big enough, try finding a nice multi family property! Then you can sit back and collect the passive income. Let that inheritance work for you! 

Post: Article about Warren Buffet Real Estate Investing Strategy

Allen ThomasPosted
  • Real Estate Agent
  • Austell, GA
  • Posts 232
  • Votes 74

Very sound advice. 

Post: First flip, HORROR STORY!

Allen ThomasPosted
  • Real Estate Agent
  • Austell, GA
  • Posts 232
  • Votes 74

It looks like a great remodel though! Your perseverance is extremely admirable! This experience should help a lot for the new project! Congrats on the 10% return! 

Post: 40 E-mails, 5 RSVP's, 0 Actually Show

Allen ThomasPosted
  • Real Estate Agent
  • Austell, GA
  • Posts 232
  • Votes 74

I would try a combination of requiring them to fill an application first (provided you have pics of EVERY room in your listing), and making a bonafied showing appt for everyone at the same time. Good luck!

Post: 1924 Maple Street Kennesaw (easy flip MEGA cashflow)

Allen ThomasPosted
  • Real Estate Agent
  • Austell, GA
  • Posts 232
  • Votes 74

@Julie Kern, this may be up your alley. If my tag didn't work (I'm on my cell phone), someone please tag Julie. 

Post: My First Deal

Allen ThomasPosted
  • Real Estate Agent
  • Austell, GA
  • Posts 232
  • Votes 74

Congrats! I use this same strategy for my deals. 

Post: We finally did it! Oh boy...

Allen ThomasPosted
  • Real Estate Agent
  • Austell, GA
  • Posts 232
  • Votes 74

Congrats on finding a great deal! Keep it up!

Post: Purchased 8 homes ALL CASH, now Cash-out Refi or LOC options?

Allen ThomasPosted
  • Real Estate Agent
  • Austell, GA
  • Posts 232
  • Votes 74

Some community banks will allow you to use the tax assessed value of the properties as the basis and forgoe the appraisal. You should definitely look into that, as it will save you thousands. 

Post: My first flip or buy and hold

Allen ThomasPosted
  • Real Estate Agent
  • Austell, GA
  • Posts 232
  • Votes 74

Welcome and good luck on your journey!