All Forum Posts by: Terry Burger

Looking forward to it everyone! Can't wait to meet you all. 

If you want help developing I would call Integrity Construction Management out of Marietta, ask for Jonathan. Great guys, very knowledgeable, and can turn key the development for you. Tell them I referred you. 

http://www.integrity-cm.com/

Someone told me once a fast nickel is better than a slow dime. But the slow dime you're talking about would make me think twice.  

@Todd Whiddon - When is the next open house? 

Terry

Ryan,

I'm an agent as well as an investor in Cobb County, GA. A great place for them to live and good tax breaks if they are over 62. I have a nice flip coming on the market in the next 30 days if they are in purchase mode. I don't know anything off the top of my head that meets your criteria but will keep my ears open. 

Yes. PM me and I'll send you Edie's #. Great guy, I'm sure he'll get you a great price. 

Brian, I am buying houses to rehab in North Atlanta. Mostly Cobb, but would be interested in Sandy Springs, Dunwoody, Alpahretta, Roswell.  Add me to your buyer list if you don't mind. 

Looking for houses, multi-family (marietta area). 

Terry

PS...I agree with John's statement earlier, the margins are pretty thin for a pure cash fix and flip. One issue and you may not make money, or not enough to make it worth it. You must know going into it that you can make money no matter what issue arises. I purchased a vacant house recently that sat empty for 5 to 8 years. It's a mess, but I knew, without question, at the price I purchased that it would be profitable. Use that as your guide. Don't get emotionally attached to a "deal". I say that because I'm constantly reminding myself not to do the same. :) 

Julie,

We just sold a house where we paid $105k that we were getting 1400/month. Sold it because we did a cosmetic flip to move the house. A REIT bought it for $160k. They were willing to take less ROI. If I can't make 10%, I'm not buying it. The numbers are close on this one, but unless it has 4BR, I can't see it renting in Kennesaw for $1,500 depending on the area/school district.