All Forum Posts by: Account Closed

Does anyone have good experience building a mountain house on a vacant plot of land? I'm thinking/fantasizing about buying some land up in the north GA mountains to then use as a vacation rental (and for myself of course) but I have no clue what that would entail, especially at the start of the process.

I have to imagine getting electric, plumbing, etc ran to the property would be a bit of a project, but I'm clueless as to how much so, and whether a project like that could work out as a good investment.

If anyone who's ever done completely new construction in a remote area like that could offer their input and advice on how to get started approaching something like this, it would be much appreciated!

Like Devan said, there are definitely some good 2-4 unit properties that come on the market in north GA. Even just in metro Atlanta right now there are a few listed for sale that seem pretty dolid. If you're getting all your info from sites like trulia/zillow/etc. you're likely getting a lot of bad/incorrect data though.

Feel free to reach out to me Deion. I'm a local investor and agent here in Atlanta and I'm always happy to chat and see how I can help. Do you have any specific details of what sort of deal you're looking for?

Call me a party pooper but I think they're lame and a waste of time. I'll wait to physically go to a real event.

Your best bet would probably be to find a good real estate attorney around you who already knows the assignment of contract/wholesaling (A-->B, B-->C) process, and has paperwork/contracts already that you can use. If I were you, I'd just reach out to the attorneys you already know and see if any of them are already familiar with all that.

@Derrick Gordon

Sounds like you might have to just make an educated guess to some extent. For example find recently sold properties with +/-1 bedroom and/or bathroom instead, and adjust from there. Property values get a little more subjective and will depend on what any individual buyer would be willing to pay, compared with more cookie cutter homes with plenty of similar comps all around, where it's much easier to just calculate what it's worth with little room for debate.

How urban/suburban/rural is the area? If it's the middle of a city, then anything over a mile away might mean nothing regarding the subject property's value. If it's out in the middle of nowhere where neighbors are all mils away though, then using comps over a mile away would make perfect sense. Depends where on that scale your situation falls.

I regualarly use a 2+ mile radius to check comps for properties my clients are interested in for less densly-populated areas away from the city.

 Welcome man. I'm an investor and an agent myself and live in Alpharetta too. What part of town are you from? Feel free to reach out, I'd be happy to get together sometime to meet and talk shop.

@Lakeither Garner so is the issue that you and the seller want to complete the sale before the lot is officially subdivided? Because your lender is right. If I were you I'd get an attorney's help seeing if there's a good way to write into the contract what exactly you're trying to do (complete the sale before the lot is legally divided, but already in agreement as to where exactly the division will be, and your agreement to only use the portion that will be yours) and see if your lender will accept the situation with that sort of verbiage in the contract.

@Andrew Hyder welcome man. Macon can be very hit-or-miss. One street can be decent and then a block or two away and you're in a war zone. Very tough to invest there without someone trustworthy helping you who knows the area intimately well. It can be done, just be extra careful.

Like Mitch said, lots of great areas to invest in metro Atlanta. But I may be a bit biased since I live here, lol