All Forum Posts by: James Park

I am surprised to see how much auto industry is moving to Atlanta. 

First Porsche moves its headquarters to Atlanta in 2012 : Porsche breaks ground on its new $100M headquarters in Atlanta.

http://www.11alive.com/story/local/2012/11/27/1910...

Then Mercedes Benz follows Porsche by officially announcing that they are moving its headquarters from NJ to Atlanta in 2015. I would not be suprised if BMW and Volks Wagon also follows Mercedes to move their HQ from NJ to Atlanta.
http://www.autoblog.com/2015/01/06/mercedes-benz-u...

Another interesting trend I am see is that Hollywood is starting to move to Atlanta.

“Atlanta is the new Hollywood”: Influx of film and TV production boosts economy, attracts actors - See more at: http://www.artsatl.com/2013/06/new-local-film-tv-a...

Do you know that the third most spoken language in metro Atlanta after English and Spanish is Korean?

Something in the air feels like Atlanta is turning into a New LA.

In the Atlanta market, pretty much every property class went up in 2013 (A,B,C,D, even Fs) where the average appreciation was 18%. 2% C Class buy and hold investors looked like geniuses in 2013 buying up C and D assets for ($30k - $50k.)

In 2014, the metro Atlanta index has risen 4.4% from Jan 1, 2014 - Dec 31st, 2014. Think of the Atlanta metro index as the S&P 500, and each zip code is a company stock in Atlanta metro. Half the stocks outperformed the index while half the stocks unperformed the index even going into negative numbers. In the three A class zip codes my clients and I have bought, prices have appreciated 8.7% which is almost double the appreciation of the Atlanta metro index for 2014.  There are several zip codes that are in the red in 2014, and I am particularly concerned for the zip codes with 30% or more institutional money/investors. Demographics in Atlanta changes very quickly so it is very important to have thorough knowledge of demographics research as one zip code in metro Atanta can be B+ in year 1 which can transform into a C asset in year 6 or 7. 

Back in 2012, you can pretty much buy any crap in Atlanta metro and you will see appreciation on you assets, however this is not going to be the case  going forward in 2015. An investor needs to be very very selective on their investments carefully studying the demographics, income, schools, job, etc in the zip codes they plan to invest. 

Conclusion. Buy in the best zip codes and neighborhoods which will hold its value and become crash proof in a deflationary environment.  

@Wayne Brooke,

Are you strictly a commercial broker? or do you do both residential and commercial? What access can you get with CoStar that you can't get with LoopNet?

I have two prior residential clients who are now looking for commercial space to house their businesses so I need learn this side of the business fast.

Just finished reading "How to succeed in commercial real estate by John L Bowman and it is an excellent book.

Thanks.

A question to Commerical Brokers:

What is the equivalent standard to the FMLS for Commercial Brokers for searching and listing commercial properties?

What is monthly cost to have access to either CoStar or LoopNet and is a real estate license required for access?

Thanks.

@Rada Vassil

Exactly the information I am looking for. Thank you.

Do you know if the state tax is calculated the same way? Do you know how to calculate the state tax on a $175k gross income is calculated? Here in GA the state tax is 6%. 

Trying to grasp the difference of what amount one would save on state income tax if one lives in a no income state like TX or FL making $175k.

FICA is straight forward at 15.3%. 

Thank you,

If a person makes a gross income of $175,000 in 2014. How is the federal tax exactly calculated? $175,000 joint will put you in the 28% tax bracket.  Do you get taxed 28% on the whole amount or incrementally? : 28% from $151,201 to $175,000 and 25% from $74,901 to $151,200 and so forth?

Here Georgia the state tax is 6% and FICA is 15.3%. I believe either social security or medicare is taxed at 15.3% only up to $118,000, but not 100% sure.

Can anyone here give me a break down on a $175k W2 income?

1) Federal taxes paid.

2) FICA taxes paid (Social Security and Medicare)

3) State Tax (6%)

Thank you.

Mercedes Benz is coming to Atlanta!

Here's another Bay Area based CRM company Sales Force expanding to Atlanta.

http://www.bizjournals.com/atlanta/blog/atlantech/2015/01/salesforce-moves-forward-on-buckhead-office.html