All Forum Posts by: Damicco Robinson

Thank you for the post @Mitchell Johnson!! This sounds like a great event and something I would love to be apart of. I plan on attending and will go ahead and pencil you guys in on my calendar. Looking forward to meeting and networking with everyone!

Hello @David Nacco! I wanted to introduce myself to you. I'm an expert here in the Atlanta market and always looking to network with active or potential investors! Feel free to reach out if you're looking to make connections in the Atlanta market. 

@Derrick Gordon!! My company and I have been utilizing Shafritz & Dean as our Real Estate attorney. They have consistently provided us with smooth, efficient and time effective closings as well as title searches. Hope this helps!!

Duane, love the post!! This is a great question and a question many new investors have.

The best way to ensure your success in this business to have solid comps for your subject property and to know your numbers down to a science. If you've found a deal that appears to be solid; however, their aren't any recent rehab comps in that area to support it, I would shy away from doing that flip. In addition, you can't truly know your numbers if there aren't comps to support said numbers. If other investors aren't in that area, then they aren't there for a reason. 

A piece of advice that my mentor gave me was that it's better to be the worst house in the best neighborhood than to be the best house in the worst neighborhood.

Hope this helps!!!

It amazes me that the Metro Atlanta Area has opened up for almost all industries with the exception of Real Estate. Investors need a safe and collaborative space to network in person; exchanging ideas, contacts, deal flow and strategies. Please let me know if you are aware of any RE meetups currently scheduled within the metro Atlanta Area.

If not, I am strongly considering hosting an event for interested investors. Please let me know if this is something that would be of interest to you. I'm always looking to connect with new and experienced investors. There is wealth of knowledge and resources within our market that we must continue to share!! 

Obviously the book that you read will vary depending upon your exit strategy but two books that I've found an great deal of value in are as follows:

Crushing it in Apartments and Commercial Real Estate (How a Small Investor can make it Big) by Brian Murray

The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han & Matthew Macfarland

@Joe Cassandra Those are really great points!! I completely understand your approach to off market properties and how it may not always be the best use of your time considering all of the competition especially in a hot market like today. However, working with a quality wholesaler that understands how to find gems on the MLS could be great way to receive solid deals that are on market that the wholesaler has already locked up. Investors may receive an on market property from a wholesaler and think you didn't have to do any work for the deal, when truthfully we've put hours into properly vetting this property and getting it under contract sometimes before other investors ever even see the deal. Obviously, this isn't the same amount of work as marketing to a motivated seller and getting the property under contract; however, I look at it from numbers perspective. If the numbers make sense for your business and allows you to be generate a desired return for your business then it shouldn't matter where the lead came from.

I wanted to make this post to generate dialogue around listed properties. I currently work for investment wholesale brokerage and we sometimes find great deals that are listed on the MLS. However, in some of the conversations I have with my investors and some of the RE Facebook groups I subscribe to, it appears that investors do not fancy listed properties. I would like to understand why? If the numbers make sense and the Cash on Cash return is there; why does it matter if the property is listed or not. Seems like a stigma based on emotions and not numbers to me. What do you guys think?