All Forum Posts by: Shane McCarty

Hey Frank!

Fred Kross is a good one to use. Also Halperin Lyman will do a double close! Check em out.

Atlanta REIA! Check it out at https://atlantareia.com/. Their main meeting is the first Monday of the month at 5pm in Norcross, usually. Go meet some people! They also offer a number of sub groups depending on which area you're from and what your interests are.. definitely a great place to start.

Hey Drew!

I think most investors would form their initial offer depending on the quality of the area. For example, "C" class areas would typically warrant a 60-65%, "B" class areas - 65-70% and "A" class up to 75%. Although admittedly I once went up to 80% due to the predicted increase in market value. But. Especially on a foreclosure, there would be no reason to pay more than that, nor should you. There will always be another one!

North Atlanta is great for long term value and rapid equity. My property in Acworth has seen 10% growth, which is a great number to me. Do not ignore the south markets though; like Fayetteville and Peachtree City. These areas have similar value as a north suburb, but have seemingly less competition (not to mention nicer residents). I personally stay away from downtown.

Hi Mandy, I think $300 is more than fair in this situation. Hopefully, they will respect the relationship and not damage the property. That is in a perfect world, of course. Also, you should be able to "write off" that $300 come tax time. Good luck!

Hey guys,

I live in Atlanta, but have my first subject to deal lined up in Peoria, IL. I've called a couple title companies there and they are not familiar with the process and one said that the practice CANNOT be done in the state of IL. I could use some help from investors in IL... how do you set up a sub to there?? Do you use a title company? Any guidance is much appreciated!