All Forum Posts by: Ty Hines

Thanks Abhi, ( need to research how to do @ response. sorry) 

In most cases I use recent similar comps to base my ARV since it is my belief as with others that a house is only worth what someone will pay for it. This house in particular is sitting on a good street with two houses that could be used as a indicator of ARV one which sold for $205k (3/16/15) and another that is pending for $149k(3/9/15). BOTH similar age and square footage as subject property.

I will send more info in your requested PM. 

Hi Rick, I dont post the address on open forum for the simple fact that there are more "wholesalers" than actual buyers. I will be happy to provide address, just PM me. 

Also I understand your point about  the West End area but I urge you to take a second look. Due to the Beltline there is ALOT of activity in and around the West End area. A seasoned investor had to open my eyes....

Great Deal with two houses on same street that will be AWESOME comps. House was renovated  a few years ago and the house still looks GREAT. 

Price $99k

Rehab $15k

ARV $150K -$200K

THINGS THAT WERE DONE A FEW YEARS AGO

• UPDATED Plumbing
• UPDATED Electrical
• Renovated Kitchen 
• Renovated Baths
• NEW Roof and Gutter

If you miss this one DONT WORRY.... I have more to come. Just pm me to let me know that you are interested in other off market deals.

I know I know NOTHING is "EASY AS PIE" concerning real estate but this is as close as you can get. This property is located on the RED HOT Beltline in Atlanta (google it) The property was renovated a few years ago and it looks GREAT. 

THINGS THAT WERE DONE A FEW YEARS AGO

• Updated Electrical 
• Updated Plumbing 
• Renovated Kitchen
• Renovated Bathrooms 
• New roof and gutters 
• New HVAC system 

THINGS THAT NEED TO BE DONE NOW

• Landscaping
• Painting- exterior and interior
• Refinishing hardwood floors
• Carpet in one bedroom 
• New windows
• minor brick work on exterior

COMPS ****Two solid comps on the same side of street a few doors down

• PENDING SALE $149K 4/2 mediocre rehab 3/9/15
• JUST SOLD $205K 3/3 GREAT rehab sold 3/16/15 

Price $99k

Repairs $15k-$20k 

ARV $16Ok-$200k

4bed 2bath

.65 acre HUGE lot

My partner and I are seeking a financial partner....

The details about our current deal is listed below…..

A LITTLE ABOUT THE HOUSE

Price $75

Repairs estimate $20k-$50k depending on the upgrades desired

ARV $180-$230k

Cascade area of Atlanta 30311

2200 Sq feet living space

1900 Sq feet of UNFINISHED basement ( Nice, clean and dry)

4 bed 3 bath

Built 1957

ALL BRICK

.6887 acre of land (HUGE LOT!!)

Large patio for entertaining

A LITTLE ABOUT US

He is an experienced contractor with many years of experience complete with necessary licenses and insurance.

I have extensive experience in real estate including several years of wholesaling and also management of many properties for local & international investors over the last few years. I recently passed the state exam to become a licensed real estate agent so this will no doubt help us keep in touch with current market conditions.

WHAT WE ARE LOOKING FOR

Someone who has the cash to close quickly on this property( or others)… That about it

We are prepared to use our funds and resources to renovate the house and get it ready for market…

If this is something that interest you please PM so that I can answer any additional questions.

Jason, 

IN MY OPINION the area is ok with some money to be made. Would need to see house and neighborhood to give more detailed opinion. PM me address and I will be happy to ride by and look. Also make sure mangement is actively involved in managing, you cant manage these areas from a desk. 

Would love to attend. Please send me info. 

Hey Joey, Its good to hear you are interested in the Atlanta area. Although I dont own any properties in Atlanta I deal with investors on  a daily basis concerning their properties, I also grew up in the Atlanta area so I have a pretty good idea of whats going on.  One thing I would HIGHLY recommend is that you really pay close attention to the neighborhood where the house is located. And if possible visit the area you are considering making  it a point to go at night. When doing your research be careful of the following zips. 30310-30315.  I must make an important point, Atlanta in my opinion doesn't have bad areas but more like bad streets and blocks.  With that being said NOT all neighborhoods in these zips are trouble and I know this for a fact since I live in 30311 zip and Im very happy. 

I know a few good realtors, wholesalers and turnkey companies you can message me for contact info. 

There are many experienced investors on BP who actually own properties and are also familiar with the Atlanta area.  These are just my two cents....

Wes,

Interested in getting more information. Sent you email.

Cris, You might want to consider the cities of Hapeville,Ga., East Point,Ga. and College Park, Ga which all surround one of the busiest airports in the world Hartsfield-Jackson. All three cities work very hard to keep there small town appeal and crime low. Here are the links to there city websites.

http://www.eastpointcity.org/
http://www.collegeparkga.com/
http://www.hapeville.org/

Just read that Porsche Cars North America will build its new headquarters in Hapeville,Ga. which will bring an estimated 400 jobs to the area. 

I cant help with the hard money.