All Forum Posts by: Cassie Jones

@Carl Millsap This is a single family home and it will not be under an LLC.

Hello!

I am purchasing my first rental property in a few weeks. I have gotten several quotes for Landlord insurance but only one quote included General Liability limits of $1M occurrence and $2M aggregate. Is it necessary to have $1M in occurrence? All other quotes were $500,000 per occurrence and most companies I got quotes from either do not go above $500,000 per occurrence or want to charge a very high premium to have $1M.

Thank you!

Hello! Does anyone have a recommendation for an insurance broker in the SE Atlanta area that can help me find a Landlord insurance policy for a single family home?

thank you!

Thanks @Kevin Polite !

Hello! Does anyone have recommendations for insurance providers with reasonable prices for builders risk insurance? The property is located in Atlanta, GA.

Thanks!

Hello! Does anyone have recommendations for insurance providers with reasonable prices for builders risk insurance? The property is located in Atlanta, GA.

Thanks!

Hello! I am just starting out on my real estate journey. I have opened an LLC and I am looking for recommendations on the best bank to open a business account and get a credit card with.

Thanks!

@Jon Crosby Thank you for the insight! I believe they are all in the same subdivision but it's worth me double checking!

@Tchaka Owen I should have specified, nothing stands out in terms of the renovations completed for the ones that I mentioned were recently renovated. Based on the pictures, they look comparable in terms of quality, finishes and the style of the home. I realize pictures can be deceiving so maybe that is part of the problem. For the non-renovated homes it's not comparable but I still can't figure out why it sold for higher than a recently renovated home. Anyways, thank you for the input. I'll need to do more digging on the $299,000 home.

Hello,

I am looking for advise on how to determine comparable comps for a potential flip property!

Deal overview:

Purchase price: $180,000

Reno: $50,000

ARV: 330,000????

The home is 1,110 sq ft, 3 bedrooms, 2 bathrooms. I had my agent pull comps within a .25 mile radius. The homes range from a sale price of $300,000 - $375,000 all with square footage between 1400-2000 so the house I am looking at is significantly smaller. I am having a hard time determining why the sale prices are all over the place. There is nothing that stands out about the higher selling homes that I do not see in the lower selling homes. 

Here are data points on some of the comps, 

Sale Price: $375,000 1674 sq ft - recently renovated by investor

Sale Price: $361,000 1516 sq ft - renovated in 2017

Sale Price: $330,000 1770 sq ft - not renovated, outdated and needs improvements/renovations

Sale Price: $308,000 - 2100 sq ft - not renovated, outdated and needs improvements/renovations

Sale Price: $299,000 1410 sq ft - recently renovated by investor

Any tips on what to research or aspects to look into as to why some of these homes were able to sell for higher than others?? HELP! 

Thanks,

Cassie

Hello,

I am looking for contractors in Atlanta, GA who have worked with investors on a rehab property. 

Thanks,

Cassie