All Forum Posts by: John Powell

Real Estate Investor Breakfast — Every Thursday @ 8:00 AM -9:30am (Drop in ok)

The Morning Shift 745 Chastain Rd, Suite 1000, Kennesaw, GA 30144 https://www.morningshiftkennesaw.com/

Join fellow North Cobb & Southeast Cherokee County investors for Coffee/Breakfast, networking, and deal-making every Thursday morning. We seek to build a consistent community of local investors who invest in Kennesaw, Acworth, Marietta and Woodstock. A community where deals and introductions are made.

Who’s it for?

-Buy & Hold Investors

-Flippers

-Agents, Lenders, Contractors & Wholesalers

What to Expect:

• Market & financing updates

• Live deal discussions (bring yours!)

• Networking with active local investors

• Opportunity flow — funding, partnerships, and new contacts

No cost — just grab a coffee or breakfast and plug in.

Real Estate Investor Breakfast — Every Thursday @ 8:00 AM -9:30am (Drop in ok)

The Morning Shift 745 Chastain Rd, Suite 1000, Kennesaw, GA 30144 https://www.morningshiftkennesaw.com/

Join fellow North Cobb & Southeast Cherokee County investors for Coffee/Breakfast, networking, and deal-making every Thursday morning. We seek to build a consistent community of local investors who invest in Kennesaw, Acworth, Marietta and Woodstock. A community where deals and introductions are made.

Who’s it for?

-Buy & Hold Investors

-Flippers

-Agents, Lenders, Contractors & Wholesalers

What to Expect:

• Market & financing updates

• Live deal discussions (bring yours!)

• Networking with active local investors

• Opportunity flow — funding, partnerships, and new contacts

No cost — just grab a coffee or breakfast and plug in.

Real Estate Investor Breakfast — Every Thursday @ 8:00 AM -9:30am.

The Morning Shift 745 Chastain Rd, Suite 1000, Kennesaw, GA 30144 https://www.morningshiftkennesaw.com/

Join fellow North Cobb & Southeast Cherokee County investors for Coffee/Breakfast, networking, and deal-making every Thursday morning. We seek to build a consistent community of local investors who invest in Kennesaw, Acworth, Marietta and Woodstock. A community where deals and introductions are made. 

Who’s it for?

-Buy & Hold Investors

-Flippers

-Agents, Lenders, Contractors & Wholesalers

What to Expect:

• Market & financing updates

• Live deal discussions (bring yours!)

• Networking with active local investors

• Opportunity flow — funding, partnerships, and new contacts

No cost — just grab a coffee or breakfast and plug in.

Investment Info:

Other note investment investment.

Purchase price: $75,000
Cash invested: $80,000
Sale price: $175,000

lot split and owner finance

What made you interested in investing in this type of deal?

mobile home park Zoning was the reason we originally bought the land

How did you find this deal and how did you negotiate it?

found through a local wholesaler

How did you finance this deal?

Cash on hand

How did you add value to the deal?

we got soil testing for septic done which wouldn't support doing a dense mobile home park but would allow for a few homes.

What was the outcome?

sold as owner financing

Lessons learned? Challenges?

soils matter and can make or break a deal but you can always pivot to a secondary exit strategy

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I was the Realtor on the deal

That was earlier this year when rates were higher.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $115,000
Cash invested: $175,000

Contributors:
Mitchell Johnson

Fix and flip with a lot split

What made you interested in investing in this type of deal?

Location along highway that is being widened

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

combination of Hard money, private money and personal cash

How did you add value to the deal?

took the property from a hoarder house to a nice home with commercial potential and did a lot split.

What was the outcome?

Currently under a Lease option to a tenant who intends to convert to commercial use.

Lessons learned? Challenges?

Renting a home or commercial space with major road work ongoing is difficult. Home did not sell as planned so we switched to rental which didn't work so we pivoted to Lease option which has been great for both us and the tenant in this project

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I was the realtor on this project.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $206,000
Cash invested: $30,000
Sale price: $295,000

Acworth Fix and flip

What made you interested in investing in this type of deal?

Prime Location close to downtown entertainment district.

How did you find this deal and how did you negotiate it?

internet lead source for Realtor business.

How did you finance this deal?

Private Money partnership

How did you add value to the deal?

we offered smooth transition to the seller, quick close and then did a full clean out and cosmetic rehab

What was the outcome?

$35K profit

Lessons learned? Challenges?

Always check the attic!! this small home had a full dumpster worth of junk in the attic that was not planed or budgeted for.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I was the Realtor on both sides of this deal

Investment Info:

Other fix & flip investment.

Purchase price: $50,000
Cash invested: $55,000
Sale price: $75,000

Contributors:
Mitchell Johnson

Land flip

What made you interested in investing in this type of deal?

favorable Zoning

How did you find this deal and how did you negotiate it?

land flipper Mitchell Johnson brought me the deal and asked me for help taking it down.

How did you finance this deal?

cash on hand funded 50/50 with Mitchell

How did you add value to the deal?

we got a survey and legal descriptions county didnt even know who owned the land.

What was the outcome?

we were able to flip it to a developer with great cash on cash return

Lessons learned? Challenges?

surveys and ownership in rural counties can be time consuming and expensive.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Mitchell Johnson was a land wholesaler (now an agent) on the deal who found the land at less than 1/2 market value.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $150,000
Cash invested: $20,000

BRRRR simple rental needed cosmetic work and was able to pull 100% of my capital back out via DSCR while leaving 25% equity in the deal.

What made you interested in investing in this type of deal?

location, this property is located in the most desirable city in the county and total project cost was 1/2 of the surrounding homes.

How did you find this deal and how did you negotiate it?

Found Via facebook marketplace

How did you finance this deal?

private lender and personal capital

How did you add value to the deal?

home needed new roof and causemetics as well as it was technically land locked when we bought it. We were able to work with a neighbor to get a legal easement

What was the outcome?

great little rental with good equity

Lessons learned? Challenges?

This was a routine Brrrr but the added easement negotiation was new challenge talking the the neighbors matters

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I was the Real Estate agent on the deal.

• This is an informal, networking meetup for investors, and those interested in investing, in Bartow, Floyd, Cherokee, Polk, Paulding, Cobb, and the NW Georgia area. The meetup is not affiliated with any REIA group or other group. There is no speaker or pitch, just a chance for local investors to come together and meet other investors and talk. All are welcome. If you have any questions about the event, please feel free to ask!

Also, stock up on your infused olive oils and balsamic vinegars!

John Powell

[email protected]

404-788-5748