All Forum Posts by: Mark Graziano

Unfortunately, there is not enough info to give you an opinion.  I could be an number of things.  Crime scene, foundation issues, title issues, condemned. 

SOLD

This property is a two unit home, each unit featuring 2 bedrooms and 1 and 1/2 baths. This home is located in a very quiet cul de sac with over and over an acre of land in Cherokee Co with easy access to Highway 75 and 575. Rentals for 2 bedroom apartment and residence range from $835/M for Low income housing to $1,200/M for new town homes. Rent-o-meter has the median rent for a 2 bed property in a 3 mile radius at $1,110 per unit. The current owner has run out of funds to complete the renovation so now is your chance. The property has 1 unit near completion, and the second unit is ready for you to renovate to your liking. Ask about our discount for a quick close!!! For more information on this property, and others like it, visit www.

$28,000 In Equity                             $14,880 Annual Rental Income

ARV = $160,000 ...............................Gross Rents = $20,040

Closing Costs = $2000                       Taxes = $652

Renovations = $45,000                      Insurance = $512

Purchase Price = $85,000                 Management = $2,004

                                                              Maintenance Res. = $1002

                                                              Vacancy = $1,002

What is your best e-mail address?

I would simply say, make sure you know your numbers!!!

Perfect first home or investment property in Cobb Co in need of very little work. The house offers 3 bedrooms with 2 baths rooms and a large bonus room. This great single family home also offers a 2-car garage with 2 large decks off the rear of the property. The house is located just miles from KSU, 575, 75 and 92. The property is being offer at $147,000 with comps in the area selling for $180,000

771 Summer Drive Nw, Acworth GA, 30102 - 2084 sq/ft

Rental Analysis

Annual Rent = $1,450 x 12 = $17,400

Vacancy = $72.5 x 12 = $870

Taxes = $125 x 12 = $1500

Insurance = $58.33 x 12 = $700

Maintenance Reserve = $100 x 12 = $1200

Property Management = $145 x 12 = $1740

NOI = Monthly $949.17 Annual $11,390

Comps:

4826 Summer Ln, Acworth GA 30102 - 1776 sq/ft - $180,000 - Sold 7/14/17 - 101.35 p/sf

1081 Rolling Green Dr, Acworth Ga 30102 -1540 sq.ft $175,000 - Sold 6/26/17 - $175,000 - 113.13 p/sf

1167 Ridgeside Dr, Acworth GA 30102 - 1802 sq ft - 175,000 - Sold 03/23/17 - 97.10 p/sf

Acworth, Marietta, Atlanta, Kennesaw, Canton, Sandy Springs, Alpharetta

Perfect rental investment 3 bed / 2 bath with bonus room in Cobb Co, in need of very little work. Close to KSU, 575, and 75. Current market rents are $1450. ARV is 180-175k. Asking 158k cash. PM for more info.

Hello Eddie,

Take a look at the commerical space on Bells Ferry right before you get to Eagle Dr. and even before the new car wash if you are going north.  There is a space there that used to have a bar in it which never really took off.  It may be an option.  They are also trying to sell a former garage on the other side of that building which is about 5000 sq. ft.

Good Luck.

www.beenverified.com may be able to give you some more info.

IMO, it would be a waste of money to mail to REO. Who would you be attempting to contact? What address would you be mailing your marketing to? Do you think you would get a response from this party?