All Forum Posts by: Andrew Cordle

@Greg Baur

First of all that is a great question and a lot of people are looking for ways to figure out how much construction is going to cost when you are flipping a house or holding for a rental. 

And normally as always, time is very important, meaning that you have to come up with a quick but very good close estimate. 

We created a item called a Budget Cheat Sheet which is a simple 4 by 6 postcard. That has two sections Exterior and Interior. Then 3 columns across the top 1,000 sqft 2,000 sqft and 3,000 sqft. 

You simply pick your square footage then simply line up the items that you need and it will show you a close estimate as to how much it cost for labor and material. 

If you want one PM me and I can probably email it to you.

See Below:

Damir, 

I will probably have to get an email list together at some point. 

Because HD is providing food they will want a hard head account, and of course for the size of the room as well that they need to reserve. 

As far as the  education topics I am all open to ideas and see if we can put some stuff together or BP speakers etc.

AC

@William Newman

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

Atlanta Investors who are attending:

If this goes good and we have a good attendance I believe this maybe something that we could do say quarterly with HD that way it is free.

And since it is a quarterly meeting NOT a monthly REIA meeting. I would like to do something a little different and very helpful and legit education.

So instead of doing say a 90 min event I am thinking something where we can actually accomplish some good growth, ideas, networking etc I am leaning more towards a maybe half day event. 

Market Update

Hear from HD

Education Topic

Networking

Vendors/Suppliers

Education Topic

Something like that plus of course a networking lunch there as well.

Any thoughts?

Andrew

@Abhi Golhar  @Julie Kern @Stan Butler @Thripura Vemireddy @Sanjay Raghavaraju @Mike Watkins @Kelly Ejirika @Tim Shoemaker @Erin Elam @Anna Watkins @Daniel Andrews @Sheryl Gurvey 

Hey guys, we are good to go on the HD meetup it looks like it is turning out to be a pretty cool event with some presidents of HD maybe speaking to us as well a Chief Marketing Officer on how to market for properties in ATL as well. 

If you want to attend please let me know as right now it looks like only 50 investors can attend. You have to be on the list so you can get through security at HD. 

You can got o Events and Happenings  and jump on the post there title "Atl Meetup @ Home Depot Corporate Office" again if you want to attend please put it on that link. 

Thanks

AC

@Franklin Anderson

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

@Carlton Kohler  @Keenan Mabrey @Herschel Kessler @Frankie Lubin @Todd Campbell  

@Anthony Boston  @Carey Dodson  @Bryan Gates @Azeez K. @Delon Hall @James Park @Frank Iglesias  @Matthew Cavano  @Matt Lineberger @Johnna Lodge @John Marion @Adam D.  @Bijal Patel @Wes Love @Mohamed Tarawally @Abhi Golhar 

If someone could tag some other Atlanta investors or wholesalers or lenders etc that would be great. 

AC

We have a once in a lifetime opportunity to have a REI Meetup at the Home Depot Corporate office with several Real Estate Investors speaking as well as one of the Presidents of the Home Depot.

HD as agreed to provide us lunch as well. This meeting is "FREE" and there will be no pitching or selling at this event.

Here are some of the things that will be happening at the event:

1. Hear from a President of the Home Depot.

2. HD is going to bring in the Regional Manager as well as District Managers and all local PARs to listen to your complaints and what they can do better, to serve the Real Estate Investor community. 

SO... BRING YOUR IDEAS!!!

3. I will be bringing in a Chief Marketing Officer of a very large advertising company to teach us how to market for houses in our very tight market. He as worked with Pepsi- Buffalo Wild Wings- Seagram's, and many other Fortune 500 companies. He also worked with Fox News and was the GM of the most listened to radio stations in America.

4. A Custom Home Designer for Investors, will be teaching on design, including tile, paint colors, kitchen cabinets, granite and much more. She will be passing out entire SKU list of houses she has designed for investors to everyone there for free.

5. We are going to have someone speak on rehabbing houses. What is working and not working in the Atlanta Market. He will be teaching on flipping houses and the steps that you need to be successful at flipping. He will also be talking briefly talking about New Construction, as it is so HOT in ATL.

6. Networking --Networking -- Networking so bring your business cards.

7. I would like to have Two Panels one for lenders (hard money lenders as well as private lenders) and one for wholesalers and marketing for the ATL Market. (If there are lenders and wholesalers that would like to do so)

If you would like to attend this REI Meetup please let me know as it stands right now we need to limit this to 50 investors. At HD corporate there are 2 different levels of security that you have to get through so you will for sure have to be on the list....

We are looking for a date in early or late March, just depending on the room availability at the HD corporate office.

If you are interested please @ tag me here and let me know.


Andrew

Please tag other ATL Investors who may want to attend.

@David Bateman @David Begley @David T. @Joel Owens @Manesh Hardeo @Rick Baggenstoss @Todd Whiddon 

@Robert Obniski

Congrats on your flip. I love flipping in the Chicago Market. 

On the basement we only finish out basements under certain circumstances.

1. 1. Is it actually usable. Meaning are the ceilings at least 7 1/2 feet but I really prefer 8. 
2. 2. Am I adding actual equity value. Meaning turning a 2 bed house into a 3 bed with a master suite is valuable. Adding two more bedrooms in the basement to a 4 bedroom house. Not so much equity value (sell ability value yes but not really equity value)
3. 3. If you are not going to be adding equity value I believe it is better to brighten it up with paint on walls and floor, use bright lights, and put air fresheners that are ODOR Killer not a scent. 

As far as the garage, I believe you said it is not attached. In those cases, I like to spray the walls and ceilings and paint the floors. Brown walls and the gray floor paint.

1. 1. Again, you will not be adding equity value but you will be adding selling value. 

One of the most important things is to take the reasons that they don't want to buy the houses away.

Good Luck.

Andrew