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All Forum Posts by: David Begley

David Begley has started 23 posts and replied 348 times.

Post: Wow. Cops just showed up at my door.

David BegleyPosted
  • Investor
  • Atlanta, GA
  • Posts 415
  • Votes 298

I guess I'm just looking at this a little differently than most folks that have posted, but I would only be troubled by the visit if the cops were aggressive, rude or accusatory.  I'm not a conspiracy kind of thinker, and if they were friendly, non-threatening, just inquisitive, I'd actually welcome the visit since I hadn't done anything wrong.  Their visit could've been initiated by one of the cop's grandmother who you've peppered with Yellow Letters and she is interested in hearing your offer but is naturally afraid of being swindled or harmed in some other way.  She's bugged her grandson to look into it and he can now tell her he has.  Your rapport with the cops could've gained you a sale and positive advertising money can't buy.  

However, if rude, threatening, or accusatory, I'd let them know my assistant, Helen Waite, handled that part of the business.  I'd tell them to go to Helen Waite or contact my attorney if they wished to discuss further with me. 

Post: Atlanta neighborhood classification question

David BegleyPosted
  • Investor
  • Atlanta, GA
  • Posts 415
  • Votes 298
Originally posted by @Rachel Leonard:

Thanks everyone for all the input on Atlanta neighborhood's. I live here but I'm from overseas and have struggled to make sense of ITP and it seems to be such a mixed bag.  Honestly the only white, middle class people I know of who live ITP are my Australian friends.

@Anna Watkins & @David Begley - why are you looking at turnkeys in other areas? I thought that Atlanta was one of the better rental markets. Are you aiming to spread your risk or are you looking for better returns?

 Rachel, you need to get out and meet more people then! lol  The bulk of the discussion here is about East Atlanta and the West End and those areas are very diverse ethnically and economically and those are also the areas with the most residential inventory whether for investors or owner occupants.  However, if you look in Inman Park, Morningside, Virginia Highlands, Buckhead, Peachtree Hills, Brookhaven, Emory, Poncey-Highlands you'll find those areas less ethnically diverse but not an area very active with most investor types on BPs.  The home prices are much too high for rentals or flips, unless you have the wherewithal to do $1.0 million flips.  

Post: ATL - Searching for Cash Buyers on MLS

David BegleyPosted
  • Investor
  • Atlanta, GA
  • Posts 415
  • Votes 298
Originally posted by @Sonny Sach:

Hi,

My agent is searching for recent cash buyers on MLS in Atlanta but is not seeing the Cash option in the Finance section. Could someone please confirm that this is possible? I was trying to use this process:

http://www.biggerpockets.com/blogs/4240/blog_posts/39847-hack-of-the-week---sept-15-how-to-find-cash-buyers-using-the-mls

Thanks,
Sonny

 On the Georgia FMLS, you must go to search criteria, look at the bottom left of the screen and click "Add Fields" to the Search Criteria.  In the drop down box, select TERMS and then Add that field to the search criteria.  TERMS will have a drop down box with a CASH option.  Good luck!

Post: What to look for in a General Contractor Agreement?

David BegleyPosted
  • Investor
  • Atlanta, GA
  • Posts 415
  • Votes 298
Originally posted by @Mark J.:

After interviewing eight different GCs (not quite as many as @Alex Pereira who interviewed 20 for his project), I've finally found a winner and will be reviewing / signing the agreement tonight.

Any advice on things that should definitely be IN and things that should definitely be OUT of the agreement? Other helpful hints?

This is my first time working with a GC, so your counsel is much appreciated!

Thanks!

Mark...

 My 02, IN Things: Make sure the Agreement has a provision for the GC to provide his/her License Number/expiration date as part of the contract.  (You'd be surprised how many "Contractors" will provide bids when requested and not have a valid license even though that was a bid requirement.); contains a specific start date and end date with specific penalties for each day/week over the end date; very detailed Scope of Work; an agreed upon form/method to request budget or time overruns; a specific schedule for Progress Payments (i.e. 30% to begin, 30% at middle, 30% at end, 10% holdback to pass inspections/occupancy); responsibility regarding permits/licenses, insurance, subs.  Say No to one sided Indemnification or Hold harmless clauses - should be mutual.  

@Dorian John  Yes, and thank you! 

Originally posted by @Mitchell Jaworski:

@David Begley  what type of flooring is that in the living room (laminate, vinyl?) and also on the stairs?  Both are beautiful.

 The downstairs flooring is engineered hardwood, carpet on the stairs and in the bedrooms upstairs.

Thank you!

Post: Atlanta neighborhood classification question

David BegleyPosted
  • Investor
  • Atlanta, GA
  • Posts 415
  • Votes 298

@Michaela G. Great anecdotes all!  That's how I have started to feel about Edgewood/Kirkwood neighborhoods in East Atlanta, but I sure didn't begin feeling so positive!  In reading your post, I bet you were one of the lucky ones to have bought in Inman Park when it was affordable.  

Post: Atlanta neighborhood classification question

David BegleyPosted
  • Investor
  • Atlanta, GA
  • Posts 415
  • Votes 298

@Peterson Dierivot , Thank you. No, I haven't invested in JAX yet, just doing my research.  It will probably be 9-12 months before I actually pull the trigger on anything. 

Post: Atlanta neighborhood classification question

David BegleyPosted
  • Investor
  • Atlanta, GA
  • Posts 415
  • Votes 298

Jacksonville is projecting an increasing population, more white collar employment opportunities, especially in the tech sector, with comparatively low cost housing and all around low unemployment.  I only say KC as a distant 3rd because I am more familiar with Indy and JAX.