All Forum Posts by: Andrew Cordle

@Ronald Hunt

I think your idea is awesome and is a great way to educate yourself. 

A long time ago we created what we call a Budget Cheat Sheet. 

Here is a picture of it if you would like I can email it over to you. Just PM me. 

@Jeff Haak

We just did a demo on a house here in ATL. Check out this video. Let me know if you have any other questions on demo or cost or anything. 

Good Luck

@Ram Gonzales

First congrats on becoming a PL or JV Investor.

I have done probably close to 200 JV deals or so. When you want to work with an experienced flipper who has all the pieces in place to pump out flips in 30 to 45 days. For us to give up 50% of profit, we would not want to put up the front end of the rehab.

I think, to find an investor who would want to go with those terms, you maybe looking at a beginner or at best intermediate. Also, if you have to take over a flip after 6 months because it is not complete, it sounds like to me there are some other bigger issues. 

Anyways, let me know if I can help with anything. 

Good Luck. 

Andrew

PS I have a JV Agreement as well as Mortgage and Note. If you want a copy just PM me and I would be happy to send it to you.

@Rick Baggenstoss

Thanks so much for the insight.  If you can remember I would love to know when your house goes under contract as I am very interested in the West End. 

@Manesh Hardeo

Your house looks great. I can't wait to see that thing goes on the market. Maybe when you have it complete I would love to come by and check it out. 

AC

@Rick Baggenstoss

Thanks for the info. 

What do you think the ADOM is for houses like you do. 

AC

@Rick Baggenstoss

Your house looks great. I had a couple questions for you: If you don't mind. 

1. Did you add any square footage?

2. Are permits as difficult as say Historic Grant Park?

3. Have you sold it or put it under contract?

Thanks for the post.

AC

@RJ Cox 

Hello Bigger Pockets newest member!

I just wanted to take a moment and say hello as I also am an Atlanta-area investor. I live on the north-end of Atlanta but do most of my investing inside the city-perimeter. There are a couple good REIA's here in Atlanta that I would recommend you consider joining if you are not already a member. There are also some really good Atlanta-area investors on Bigger Pockets.

Here are a few tips for Bigger Pockets so you can get the most out of it:

Be sure to set up “keywords" for whatever type of investing you’re interested in with "Atlanta” obviously being the primary keyword.

Secondly, I try to read at least a blog per day, as well as listen to one podcast per week.

Lastly, try to get involved in the Bigger Pockets community. Don't be timid - share advice and ask questions!

Good luck. I hope to see you around Bigger Pockets as well as in the Atlanta-area market. I’m here if you have any questions!

Professional regards -

Andrew

@Zee Mohammad

Finding small flips in and around ATL is very difficult. So don't think that it is just you. 

For us we had to move up and start doing larger flips just because we could not find nice legit small # houses to flip. 

I did see one a couple days ago in ATL that was like all in for 140k. That was the smallest I have seen in a while. 

Truthfully, we do all of our small flips in Chicagoland area. I am actually headed there tomorrow for a couple days to check on several projects. 

AC

@Brooke Robinson

Yes I think you are for over thinking it. 

I have been to well over 100 different REIAs across the nation. What you will find, is that at most REIAs you will find 60% new investors, 30% Intermediate, and 10% high level. 

Being a new investor there you will fit in very well there. 

Andrew

@Allison Karrels

First of all welcome to the site I am glad you are on the site. 

As far as turnkey info, I would for the most part ignore the sales/marketing company in a way. Meaning, I think one of the biggest things to consider is really Customer Service. 

I think a great place to start your research is with @Brie Schmidt and @Jay Hinrichs  webiste they have a site created just for what you are going through. Its called, turnkey-reviews. Just as an FYI I don't have any affliation or receive any kind of kickbacks from them. I just think it is a ccol site. I think Jay may also have some kind of book on How to buy Turnkeys out of state, that would probably be a good read for you as well. 

Just my .02. Good Luck. 

Andrew