All Forum Posts by: Kelly Rambo

Yes, I agree. If you are using any loan you will be challenged to win bids. I may have a solution for you still using the FHA loan. Let's schedule a time to chat this week. DM me with your availability.

Hi Trevonte - Multi-families can be hard to come by in Atlanta proper when inventory isn't as low as it is now.  Have you considered some of the suburban areas such as Austell or Lithonia?

I have to agree with the other comments.  30032 is currently selling on an average of just above 40 days, but if you've had no showings, you won't fall within the average.  I'd ask for details on your Realtor's marketing plan, then discuss ways you can tweak it.  Also, like previously mentioned, if it's tenant-occupied, make sure your tenant is cooperating.  Good luck!

@Byron Scott Congratulations!  I agree with @Natalie Schanne. Assuming you did an FHA Loan Contingency, you have a limited number of days for your appraisal and to request for repairs and/or renegotiate the price.

Best of luck!

Interesting question and thread.  As far as opinions go, I would say I fall somewhere in between.   I agree with everyone that said, no one wants to waste time.  However, it depends on how you define waste.  If I am working with an investor, I'm interested in building a solid working long-term relationship.  A low cash offer is likely to mean less time I need to spend making sure the deal closes.  So, then how much time have a really wasted?  If I think a low offer may not work on a particular property, I'm going to say that and let my buyer make a decision.  Yes, there is the risk that you develop a reputation as "that guy/gal" that makes low ball offers, but I think most would rather have that reputation that the one that makes good offers but can never close.  In the end, an accepted low offer always yields more commission than no offer.

Hi @Raushanah Morgan!  Welcome to Atlanta!  Your question is quite interesting and I’m not sure I can give you what you need in terms of answering the question of which is best, but I can give you some insight.  Both counties have their advantages and disadvantages. There is development on both sides and depending on the specific area, some will be further along than others.  There are desirable areas in both counties.  You mentioned finding property to both live and invest.  Since you’re looking for a place to lay your head, I’d say treat your search like any other; consider your lifestyle and activities first.  Once you’ve identified a broad area, you can easily whittle it down.  As for taxes, each has its own milage rate, which I don’t believe is significantly different.   Best of luck!

Hi @Racquel Price!  If I'm understanding your question correctly, it seems like your investor would sign the assignment contract with you.  If the seller agrees to an assignment clause, both you and seller would sign the purchase agreement.  Again, provided the seller would accept an agreement with an assignment.   

My word of unsolicited advice, make sure your investor can complete the transaction according to the terms of the purchase agreement.

Good luck!

Hi @Rich V.!  You’ve hit on One of my favorite topics! Would love to chat over coffee on 9/20 or 9/21.  Let’s connect.  

@Travis Raila Welcome to our market!  As far as neighborhood guides, I don't know of one source, but here are a couple of resources that might be helpful.  

• Atlanta Regional Commision  --> atlantaregional.org
• Atlanta Beltline --> beltline.org
• Trulia - for crime stats once you've targeted a couple of neighborhoods

Depending on the type of properties you seek, Metro Atlanta has a wide array of options.  

One thing to keep in mind, is transportation.  While we have some opportunities with our mass transit, unlike California, IMO, Metro Atlantans have not come to readily accept 2+ hour commutes.  For example, "close to work" for us is more like a 20 minute drive, where "close to work" in CA might be under a 90 minute drive.

Hope this helps and again welcome!

@Tracie Cabler I have found Wells Fargo to be small business friendly. I can't speak for REI friendly as far as loans for acquisitions. My initial SB experience with them was outside of the real estate industry, and we've used them to establish business credit. However, they still request a personal guarantee for new businesses, as I would guess that most do. Good luck!