All Forum Posts by: Todd Whiddon
Todd Whiddon has started 21 posts and replied 318 times.
Post: The Power of Bigger Pockets
- Residential Real Estate Agent
- Atlanta, GA
- Posts 325
- Votes 335
Awesome thread @Andrew Davis! Great job on the flip too, small touches like the tile Wainscoting in the bath make a HUGE impact on potential buyers!
Post: Atlanta Meetup May 16, 2015 - RSVP Now!
- Residential Real Estate Agent
- Atlanta, GA
- Posts 325
- Votes 335
@Azeez K. I may have to find a stunt Dad to handle soccer for me that day, but I'll do my best to make it, Look forward to seeing everyone!
Post: Atlanta Meetup Success Story: The Power of BP Networking
- Residential Real Estate Agent
- Atlanta, GA
- Posts 325
- Votes 335
Congrats @Azeez K. & Team!! Looks great! The Atlanta meetups ARE pretty fantastic for anyone who hasn't made it out to one yet!
Post: Need input on 2/1 condo deal in Decatur, GA
- Residential Real Estate Agent
- Atlanta, GA
- Posts 325
- Votes 335
Originally posted by @Rick Baggenstoss:
Hi @Karen Morgan I'm happy to give you an opinion on the Decatur condo. Don't take it!
An upside down, out-of-state condo is a triple whammy. 30035 doesn't have a great near term outlook so it's not going to be worth $100k again in a decade. The condo fees + mortgage, etc. will be more than your rent (if it can be rented).
Your first investment property will come, but be sure to pick one on your terms. The first ones are challenging enough. You don't need to punish yourself with an insurmountable challenge.
If it were written down to $65k and you could just take over the mortgage, I'd still not want it to hold.
Hope this helps!
Rick
I'll second Rick on the situation/numbers NOT looking so hot, and that part of Atlanta NOT being one of my favorites!
Unless it's a small local bank that is holding the note, your chances of acquiring "OFF MARKET" directly from bank are slim to none, Not that you would want to acquire it in the first place!
Post: Just getting started from Atlanta, GA (Old Fourth Ward)
- Residential Real Estate Agent
- Atlanta, GA
- Posts 325
- Votes 335
Originally posted by @Stephen Watkins:
Hello all! I'm originally from Murfreesboro, TN (I wonder who's knows where that is... ). I've called Atlanta home for the last 6 years where I currently work in the digital advertising industry.
I have grown more and more interested in real estate investing over the past year and I'm finally at the point where I'm ready (and able) to pull the trigger on my first property. I'm interested in buy and hold investing, and hoping that multifamily properties will be an area of focus for me. We'll see how that goes!
I have lots of questions about REO's, house-hacking, rehabbing, deal analysis, where to buy, how to spot deals and move on them quickly etc, etc, etc... I'm pretty much a sponge at this point.
Well, thanks for reading and I hope to start interacting with the community.
Best,
Stephen Watkins
Stephen-
@Azeez K. is your Old 4th Ward / Atlanta Multifamily Ninja. I would suggest you buy him Coffee / Lunch / Lamborghini Veneno to pick his brain on the ATL Multi-family scene!
Post: Diary of a POP TOP Second Story Addition Project
- Residential Real Estate Agent
- Atlanta, GA
- Posts 325
- Votes 335
PopTop Paint-1
It's all fun and games until you paint.... In the words of the great Charles Barkley...
The primer coat on the stitched in brick revealed a LESS than desirable result.... Granted the original brick was painted beforehand and this is the first coat on the new brick, hopefully our painters can pull some moves and get everything looking good!
OMG!!!
Things SHOULD improve once we ROLL on the final coat. On the next PopTOP, chances are I will demo ALL the brick, as trying to save it caused us issues on the framing inspections, trying to repair it back, and it COST more to fix than it would have to demo and replace with siding.
Post: Diary of a POP TOP Second Story Addition Project
- Residential Real Estate Agent
- Atlanta, GA
- Posts 325
- Votes 335
Originally posted by @Roy N.:
Originally posted by @Todd Whiddon:
Originally posted by @Roy N.:
So you're one of them ... the ones who do not paint before installing their cabinets ;-)
Yeah.... Occasionally we'll PRIME the walls BEFORE cabinets and trim, but this paint crew likes to prime AFTER trim since we are using raw MDF trim and a light trim paint so they just prime everything at once.
Our ideal schedule is Drywall - Hardwoods/Tile - Cabinets - Trim - Paint. Sometimes that gets shuffled around with our subs schedule and/or me forgetting to order the cabinets in time...
Todd:
Is protection of the drywall paper surface or the permeability of the drywall itself not a concern in your region? If you do not apply at least a sealant primer to the drywall before installing cabinetry, the unprimed drywall remains quite vapour permeable and will allow moisture movement into the wall.
Mind-you, there are probably other holes around electrical boxes, plumbing and the like which are more significant.
Roy-
Haven't really thought about that aspect of it, but it makes sense. Will take into consideration on our upcoming builds, Thanks!
Post: Atlanta Tax Seminar
- Residential Real Estate Agent
- Atlanta, GA
- Posts 325
- Votes 335
Along with @J Scott, I also use Roger. Anyone needing Tax / Accounting / Can I deduct _______ since I _____'d with ________ advice should check him out!
Post: Diary of a POP TOP Second Story Addition Project
- Residential Real Estate Agent
- Atlanta, GA
- Posts 325
- Votes 335
Post: Diary of a POP TOP Second Story Addition Project
- Residential Real Estate Agent
- Atlanta, GA
- Posts 325
- Votes 335
Originally posted by @Roy N.:
So you're one of them ... the ones who do not paint before installing their cabinets ;-)
Yeah.... Occasionally we'll PRIME the walls BEFORE cabinets and trim, but this paint crew likes to prime AFTER trim since we are using raw MDF trim and a light trim paint so they just prime everything at once.
Our ideal schedule is Drywall - Hardwoods/Tile - Cabinets - Trim - Paint. Sometimes that gets shuffled around with our subs schedule and/or me forgetting to order the cabinets in time...