All Forum Posts by: Michaela G.
Michaela G. has started 88 posts and replied 3170 times.
Post: Can bitcoin be utilized in real estate?
- Investor
- Atlanta, GA
- Posts 3,280
- Votes 3,065
It's 7 years later and I'm revisiting this post to see if selling real estate with crypto has more feasible options now. Things have changed a lot and I'm thinking of listing one that way
Post: Property in middle of future development
- Investor
- Atlanta, GA
- Posts 3,280
- Votes 3,065
Still the same. They've bought a lot more in the past 2 years, even paid 350k for one piece. Huh! I'm staying on top of the sales. Covid came and I know the city is cash strapped, due to the Airport having slowed down. But they have contracts on some of the pieces from developers and they're working on the infrastructure. So, it'll happen. I can wait.
Post: Burned Properties!
- Investor
- Atlanta, GA
- Posts 3,280
- Votes 3,065
Originally posted by @Joshua Ryan:
I am an investor in Atlanta. When searching for deals I see a lot of burned out properties. I looked at many other markets and I simply do not see nearly as many burned out properties in other places. Is there a specific reason that there are so many burned out properties in and around Atlanta? I can't seem to figure it out. What am I missing?
space heaters, maybe. Many other areas of the country have more severe winters, so they need a full house heating system all winter. Here in Atlanta it gets cold, but not as cold, and many lower income tenants try to get away with space heaters, because they don't want (or can't, because of outstanding bills) to turn on gas heat. It would also require an extra deposit, that they might not have. So, they use electric space heaters and overload an old electrical system and boom.......
In NYC or Chicago there would not be any consideration of not having the heat fully functioning
Post: What are Atlanta's best/worst neighborhoods
- Investor
- Atlanta, GA
- Posts 3,280
- Votes 3,065
Originally posted by @Wayne Harris:
Heck, so 2 years is enough to get your tax free profit and go and buy another house.
Post: Architect and Structural Engineer Cost in Atlanta Georgia
- Investor
- Atlanta, GA
- Posts 3,280
- Votes 3,065
Originally posted by @Kaustubh Johri:
@Michaela G. - Do you recommend an architect you may have used in the past ?
I ended up just holding the duplex and not rebuilding for now and have not worked with an architect for anything else
Post: making my offer stand out when there are multiple offers
- Investor
- Atlanta, GA
- Posts 3,280
- Votes 3,065
Originally posted by @Account Closed:
@Michaela G.
I thought earnest money isn’t given until offer is already accepted.
Earmest money is part of your offer. While you don't pay it until it's accepted, the amount is named.
Post: Qualified Intermediary Scam?
- Investor
- Atlanta, GA
- Posts 3,280
- Votes 3,065
Just remembered this situation and googled. Looks like there's a settlement.I hope everyone ended up getting made whole or almost whole.
https://www.jacksonville.com/news/20191022/settlement-signed-in-ponzi-lawsuits-with-jacksonville-car-fire-survivor
Post: Atlanta Neighborhoods for a new Investor
- Investor
- Atlanta, GA
- Posts 3,280
- Votes 3,065
Originally posted by @Rashaun Forrest:
East Point, West End basically anything on the unbuilt section of the beltline is a great up and coming. If this airport city thing happens that area should appreciate very well.
The Airport City thing is definitely happening. It's now called 'Six West'. has to do with history of the area. They're rezoning right now. Final zoning meeting on July 20th. Zoned to PDC - Planned development Commercial. I have properties in the middle of it, so I'm staying on top ;-)
Post: Complete Remodel (gut) for 1960s home in Metro Atlanta, Georgia.
- Investor
- Atlanta, GA
- Posts 3,280
- Votes 3,065
FYI - it's normal, in Atlanta at least, that investors will gladly share any subs that are good, that only spend a few days at a rehab - plumber, roofer, electrician etc.
The GC or carpenter will be with the project from beginning to end. Typically, we have to kiss many, many toads before we can find our prince, so, if we found one, we don't readily share, because if that person gets too busy or is snapped up by a bigger rehabber, they will be too busy for us on future projects and we have to start all over with kissing toads.
It's sort of an unwritten rule here. Completely understandable.
Post: Renter vacated my townhome. Rent again or sell?
- Investor
- Atlanta, GA
- Posts 3,280
- Votes 3,065
A lot may depend on the FMV.
1) You have a property that's worth 200K and rents for 2400 and your expenses are $ 1600
2) Or you have a property that's worth 400K and rents for 2400 and your expenses are 1600.
Both cashflow $ 800, but a big difference in value. The 1st one many investors would buy as investment. The 2nd one they wouldn't. The 2nd one I would sell