All Forum Posts by: Berenger Greer

@Jared Sandler

The city may pose a few good opportunities but honestly the prices they’re asking are ridiculous in the perimeter, I’ve had success with properties valued >$500k as it’s left me more room to negotiate due to the less competition.

A few suburbs will do you well, I'll tell you lawrenceville can produce some good ROI but is also probably the busiest market in the state, from my experience.

Just keep looking around, I have been pretty successful and not needing to go 20-30k higher like most, but I am a bit worried I’ll spoil my own niche if I say too much.

Best of luck, and I’m always happy to help if need be.

@Berenger Greer the deals are out there, just make sure you’re leaving no stone unturned.

Consistency and patience, all it takes.

This market, to me, is all about who can bang their head against the wall the most without giving up.

So yes, it’s true, most properties are going insane amounts over asking, but you do need to as yourself, how much over asking can you go before the deal isn’t a deal?

@Christy Holt

Hey christy!

I’m an active agent/property manager in Atlanta.

Each investor buyer I’ve had in this market I’ve been able to find a deal for. We have heard many no’s, but all we need is that one yes.

Most of the offers we have been submitting have been 10-30k over, waived appraisal/financial contingency, or gap coverage.

There are a few places to look that don’t have as much competition, and still make for great investments.

My last deal was in one of Atlanta’s faster growing suburbs, actually got it 5k below contract, the one before that was 10k over asking and the property appraised 10k above that!

Make sure you have an agent who’s going to work for you day in and day out, I’ve had to drive a good five hours/ 150 miles a day to get to the locations that are making deals happen, but that’s honestly what it takes.

@Kris Muir

Cherokee real estate freedom. They meet in canton I believe the second Tuesday of every month. You can find them on Facebook!

@Daniel Devin Jewell

Haha don’t worry about it, if all goes well I’ll take a few upvotes on my replies!

Good luck and let me know if you ever want to add a few Georgia properties to your portfolio!

@Daniel Devin Jewell

Do be aware this loan is aimed for basically turn-key move-in ready properties.

Ran into an issue on a house that needed a new roof, was a bit of a process getting it to appraise within the condition parameters.

@Daniel Devin Jewell

Don’t have a direct contact, but they do have a wide range.

https://usmortgage.com

@Daniel Devin Jewell I’m in GA but know a lender with Us Mortgage Corporation that has a product they call the cash flow loan.

It only checks for 6 months of mortgage payments in the bank, and 2 years of no late payments in your primary.

It is only for move-in ready properties, nothing that appraised for less than a c-4 condition.

@Berenger Greer to add, I feel differently about 1week/2week or weekend rentals in actual vacation areas.

And it’s not a 100% thing, not even a 20% thing, but when it bites it can bite hard.

@Nancy Bachety Help operate 4 in woodstock Georgia, as well as over 200 corporate leased 3/6 month rentals in Atlanta. Seen crazy things. People ordaining houses, intentionally creating mold issues, illicit activity in terms of trafficking, lots of damaged walls and carpets with very little room to pursue.

Though it’s not beach.

if I can’t properly screen and hold the tenant liable in a case of money owed, I am not willing to lease to them. Corporate leases under corporate names as well, I still take lots of caution, name of the game is knowing who is in there to protect your investment and quite honestly the community around you.