All Forum Posts by: Jack Tucker

Beautiful single family home, well kept by original owner for the last 30yrs. Located in a quiet suburban neighborhood, walking distance from the new University of Georgia Veterinary School, Kroger/Publix shopping center, and local restaurants in Athens, Georgia.

On paper, this is a 3BR/2BA, 1688 sf property.

In reality, because of the addition of a new bonus room, it is now a 4BR/2BA, 2000 sf home… perfect for Grad students, first time home buyers, families looking to rent long term, or those of you looking to remodel/update to rent or flip.

Market Rent: $1,200

Link to Images/Pro Forma/Comparable Sales:

http://postimg.org/gallery/1yudx5oz2/

Asking: $99,900

Please don't hesitate to ask me any questions.

Thanks, @Jerry W.  Hope you are doing great.

We have been doing well these days.  We've caught a tiger by the tail with a local 19 unit deal that I would MUST fund.

That's why I'm selling our beloved Eaglewood properties.  Opportunity cost is expensive sometimes.  I'm toying with the idea of selling everything else we got and keeping these properties due to the easy tenant class but the gains are hard to ignore.

OFF MARKET

Monthly Rent $5,675.  Large, spacious units for young professionals, grad students, college staff, etc. 15 bedrooms, 11.5 bathrooms 8771 sft total in upscale 5-Points Condos.

Nice neighborhood close to University of Georgia in Athens GA.

Priced well under market and cash flowing nicely. Most are rented up through Aug 2016.

Owner is liquidating some of his easiest properties due to an apartment building opportunity that he has under contract.  Turnkey existing professional PM available at 10%.

Welcome to BP.  You have landed at a great site. You are even more fortunate to already have landed in Athens GA.  If you would like to learn the local market or plug into the discount property pipeline, just let me know.  Welcome aboard!

@Daniel D.

Did you guys try anything out after the above post for MF DM mailing? Any experience you wish to share? I just posted a question on this topic myself and am not getting much feedback yet.

@Devan Mcclish

@Ryan Billingsley

@Chip F.

Did you guys try anything out after the above post for MF DM mailing? Any experience you wish to share? I just posted a question on this topic myself and am not getting much feedback yet.

@michael quarles

Calling @michael quarles

So I have developed a list of all multifamily commercial and residential properties in a specific area.  This is a gold mine waiting for a miner with the right tools.  I have 2 specific questions regarding the mailer. Does anyone have DATA about what is the best mail piece for a yellow letter... Not opinions, but DATA is preferred. 

STYLE/LOOK of the mail - Professional or personal look? Handwritten addresses? Handwritten letters? Heavy stock paper? Company logo? etc? Delivery via courier? Other ideas?

CONTENT of the letter.  Short and sweet? Professional?

I was thinking to put:  "Due to the recent sale of our multifamily property, we are seeking to purchase a property in this area like yours, using a cash 1031 exchange within the next few weeks." (yes, this is all true) ... Or something along those lines. This conveys urgency, some sophistication and ability to close since these are what may motivate the seller to call.

Does anyone have good style and content you are willing to share for this target asset class?  Again, I have opinions, but I'm looking for actual experience or split-test results.

Thanks in advance!

@Joel Eizenstat

@Account Closed

We live and invest in Athens. Wholesaling, rehab, buy-and-hold, multi family. These are our stomping grounds.

thanks @Margaret B. for the kind words. 

I enjoyed our conversation last night and I like your ideas about that project in Clayton county. You should post the details and I'll bet you'd find the right puzzle pieces to get it done given your solid exit strategy. 

We are only as big as our imagination and vision allows. This is a huge growth opportunity but the fundamentals are always the same... No matter how many zeros.