All Forum Posts by: Frank Edmondson

Hello, 

Can anyone recommend a good double close attorney in the Metro-Atlanta area?

Greetings!

Can someone help me with the scenario below. Please advise if this is realistic with distressed homeowners.

> Example: Homeowner is going into foreclosure and unable to work with lender or bring loan current.

> Investor negotiates to bring loan current and give homeowner cash for keys and take over payments.

> Homeowner agrees and also signs over rights to deed to investor

Greetings!

I have a few questions I would like to share with the community and I appreciate any feedback given.

1. How are you guys finding your wholesale deals? I personally drive communities looking for abandon or vacant homes and follow up to find owner.

2. I've had several owners on the hook and they eventually decided not to sell. I know this is a numbers game but how common is this from your expereince ( PRO wholesalers)

3. Take a look at my first deal numbers (See below) that fell apart and let me know if those numbers made sense. Is it normal to make $30K on these assignments? 

Under contract for 40K, assigned to investor for 70K, 25-30K in repairs, ARV $139,900

Greetings!

I wanted to reach out to those investors in CA that's looking to take advantage of Metro-Atlanta housing market. There are still great deals in Metro-Atlanta and the prices are unbelievable. I'm looking to partner with a seasoned investor to take advantage with some of these deals. Looking forward to speaking with you soon.

Sincerely,

Frank

Greetings!

I'm a native from Atlanta and also Real Estate consultant with over 12 years experience. I enjoy working with investors that are willing to push the envelope to be great. I look forward to sharing and learning from the BiggerPockets community.