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All Forum Posts by: Josh Bowser

Josh Bowser has started 8 posts and replied 381 times.

Post: Investment Housing In Atlanta

Josh BowserPosted
  • Real Estate Agent
  • Atlanta, Ga
  • Posts 395
  • Votes 215
Quote from @Vincent Zhu:

Is it really a good idea to invest in Atlanta? Being there once for a few days, but encountered terrible traffic. Both insurance and property tax are high. Which areas may be worthy looking into?


 Traffic is gnarly because a ton of people have moved to the ATL for the opportunities presented in a growing market. I'd stick in the burbs and tertiary markets that are growing:

Cobb, Gwinnett, Bartow, Cherokee, Hall, Fayette, Coweta counties are a good place to start

Post: Short term or leasing arbitrage operator in Atlanta

Josh BowserPosted
  • Real Estate Agent
  • Atlanta, Ga
  • Posts 395
  • Votes 215

Jaime - I can make a connection. I'll reach out in the DMs

Post: How's the GA Market?

Josh BowserPosted
  • Real Estate Agent
  • Atlanta, Ga
  • Posts 395
  • Votes 215
Quote from @David Holcombe:

@Josh Bowser My only personal listing I've got right now that's value add is 2010 Bixby St in Kirkwood. It's a single family rental where you can add value by build an ADU and Guest House in the side yard. The plans are in the listing. I've got 2 stabilized duplexes about to hit the market in the $800k range, and an acre of land in Buckhead on Wieuca if they like developing multi million dollar homes.


 Let's go beast!

Post: How's the GA Market?

Josh BowserPosted
  • Real Estate Agent
  • Atlanta, Ga
  • Posts 395
  • Votes 215

@David Holcombe - do you have anything value add in-town to look at? Have a client in need!

Post: Redfin- can they handle a $1M listing?

Josh BowserPosted
  • Real Estate Agent
  • Atlanta, Ga
  • Posts 395
  • Votes 215

Scott - buyer's agents do not want to deal with the discount brokerages (Redfin, Opendoor, Entera, Mainstay, 1% list, Beycome ect) or FSBOs (even if listed by brokerage where the seller is the point of contact). The service sucks, it takes days to hear back, you can't get anyone on the phone, and most of the time the seller's are overpriced. There is a stigma about that sellers that list with these services as well - particularly in this market.

Post: Making Formal Offers Without An Agent

Josh BowserPosted
  • Real Estate Agent
  • Atlanta, Ga
  • Posts 395
  • Votes 215
Quote from @Kyle Hess:

I have been searching for my first investment property to fix-and-flip in Georgia but feel completely stuck when it comes to understanding how to give a formal offer once I'm ready. The forms used in Georgia are copyrighted and only to be used by licensed agents. How would I get around that as an investor?


Kyle - not sure if you're still having this issue. If so, reach out to a title company and ask if you can buy a copy of their purchase and sale agreement off of them.

 I'm sure you can find a discount broker that will write offers for you on GAR forms that is purely transactional. 

Buyer's rep fees are pretty low for investment property acquisition in Atlanta ($4-$6k assuming your staying under $200k). Good buyer's rep should be able to save you or make you more than their fee at that price point.

Post: Seeking Advice: Moving from CT to GA — House Hacking and Long-Term Investment Goals

Josh BowserPosted
  • Real Estate Agent
  • Atlanta, Ga
  • Posts 395
  • Votes 215

Paul - 'almost welcome to georgia!'

$70k should be more than enough to get you into a househack.

Duplexes in the NW Quadrant of Atlanta Range from $300k (Douglasville, Austell, Powdersprings, Dallas, Cartersville) to $400k (Smyrna, Marietta, Acworth).

Lots of rental demand for 2 bed 1 bath units.

My wife and I househacked our townhome in Kennesaw before we got married! Awesome experience.

Please reach out - my contact info is in bio. I'd be happy to get you pointed in the right direction when y'all move down.

Post: Are people still using BRRRR in todays market?

Josh BowserPosted
  • Real Estate Agent
  • Atlanta, Ga
  • Posts 395
  • Votes 215

Dilan - numbers are tight for BRRRRs right now. Deals for partial BRRRRs can be found, but their competitive and numbers pencil around break even cashflow. Full BRRRRs you need to be off market, direct to seller in my opinion.

Post: Price for Squ/Ft Pricing Help?

Josh BowserPosted
  • Real Estate Agent
  • Atlanta, Ga
  • Posts 395
  • Votes 215
Quote from @Kyle Trotman:

@Josh Bowser Josh buddy! Hope all is well! Thanks for this! Would you ever look into mini splits as opposed to the ductwork renovation? That ball park price will be helpful for running numbers on deals to see if it'll fall within the rhelm of a deal that will work! Thanks dude. 

Also! You bet, I'll be looking in the Decatur area as you know so I'll send you over a couple of properties to get your opinion on them. 

Likewise!

Occasionally you will see mini splits in a garage or basement conversion. However, often times it is just as cost effective to size up the condenser and reroute duct work.