All Forum Posts by: Chad Keilen

@Jeff Dimock hi Jeff, old post but do you still have a lot of wholesale properties being sold South Atlanta?

Hard to say which neighborhoods to watch for a flip; most pre flip houses are listed at ARV in most all ATL neighborhoods. Auctions and wholesalers may be your best bet. Good Luck!

@Melanie Stephens my lesson learned was while purchasing properties that I thought were a great deals around the economic downturn around 2008. My focus was in a neighborhood that I thought would turn around once the economy improved, so BRRRR quite a few properties. Several very bumpy years went by and the neighborhood only got worse. I have since unloaded all of the properties; some I sold for less than I paid, some I gave back to the original owners. Lesson learned, due diligence is key. Be extremely cautious with your numbers and where you run them; especially during volital recovery times. Good deals are not always sound investments!

@Evan Yateshey, my 2 cents...I live on the 18th hole of spivey gold club. Love the home, the area and the people. I bought on mls last year for $240k. Absolutely nothing wrong with it, but people discount clayton county due to past. I have another rental in Jonesboro, one in lake city and 3 in Forest park. Easy to get a 1% rule property, though harder to find all the time now that everyone is buying.

@Jason A.very late to the conversation and new to BP but I own 3 sf homes in FP. Always paid on time and tenants reach out when problems arise. The 2 most important measures for me. I am always looking for more RE in FP though getting harder to come by.

@Jasmine Grierrent ready? How did u get it so cheap?

@Vered Davidman Cohen I own 3 rentals in FP. Rents range from $875-$1100/mo on 3/1 properties. Challenge is finding properties that fit the 1% rule, as market is hot and everyone is an investor.

I have listed a 4unit in Lansing MI and have received several LC offers. What is a solid interest rate to offer in today's market?

Also both offers received have been seller finance through life of contract (15 and 30). Isn't it typical to only last 2 to 3 years with payments interest only or on 30 yr schedule with balloon at the end?