All Forum Posts by: Allen Thomas

Hey Todd, welcome! I'm an agent/investor and although I travel a fair bit throughout the state for deals, I live in Austell as well! 

@Andrew Edwards, let me know how it goes! I currently have one in Columbus that I am rehabbing. Should be finished in a week or so. 

@Greg Barrett, it depends on the type of investing you are looking to do and the area. Let me know what your goals are and I will assist if possible! 

Hey guys, I could seriously use some help with this one.  I am currently rehabbing a brick house in a blue collar, low income (but definitely not warzone) neighborhood, and today I found out that there is hardwood underneath the plywood. There was originally vinyl sheet flooring covering the floors in all of the rooms when I purchased the home, and that is now being removed, as I was planning on having carpet installed once the painters finish up the interior. 

Ever since I saw that there is hardwood underneath, I have been entertaining the notion of refinishing those floors. The majority of the homes in the neighborhood have carpet, and I while I have no delusions regarding the likelihood that hardwood will add much monetary value, I do think that the added feature would enable it to sell/rent quicker than others in the area. 

One major benefit of going with the hardwood is that it should actually cost less than the purchase of carpet, padding and installation, which would be great because we have gone a little bit over the original budget. While the additional time that it will take to refinish the floor is acceptable, the fear I have is that we will find severely damaged/irreparable hardwood once all of the plywood is removed from the entire house. That would result in additional costs and time that can be avoided if I simply have carpet installed, especially since such flooring is atypical in the neighborhood. I would GREATLY appreciate any advice/guidance that you wonderful investors are willing to provide on this matter. 

Super Congrats!

When you all are ready to make this happen, count me in as well. I live in Atlanta but I from Columbus, still visit frequently and do deals there as well. 

I have been monitoring comps like a madman in Metro Atlanta. I don't think you can find a legit deal with 10 unoccupied properties that need rehabbing for that price, nevermind 80% occupancy and no work.

That zipcode is VERY neighborhood specific, as home values and living conditions literally change from block to block. I looked at three homes in that zipcode in the past two weeks for an investor client and there were pretty big disparities.

Atlanta Investors,

My brokerage utilizes a listing model that is much less than the 3-3.5% that is customarily charged here in GA. We have two low cost options:

Option A: $500 up front fee + .6% of the sale price + $100 lockbox rental fee.

Option B: $1000 paid from closing proceeds + .6% of the sale price + $100 lockbox rental fee..

For a $200,000 home, a typical listing agreement would use the following fee structure: $200,000 x .03 = $6,000

If you list a $200,000 home with me, you would only pay $2,300 max, which would save you thousands.

Also, if you are a fix and flip investor who does more than 3 deals per year, I will list your properties for FREE after the third listing, if I represent you on the buyer side of your deals! That's right, absolutely FREE!

As investors, our goal is to make as much money on each deal as possible, and my brokerages' listing model is set up to help investors achieve that goal. If you are looking to buy or sell in the Atlanta area, contact me. My email address is [email protected] and my cell phone number is 706-289-2875. Also, I am new to BiggerPockets, so please bring on the colleague requests! I'm very excited to become a part of this community!!!

Hey Nicole, I'm an investor friendly agent, and I actually live in West Cobb!