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Posted over 13 years ago

Atlanta Agents Wanted for Investment Property

I am looking for real estate agents to find investment property for me.

Although I am currently working with a Realtor to buy investment properties that are listed on the MLS, I have worked with several agents over the years on a deal by deal basis under certain circumstances.

Here are some examples....

1. Your investment property listings. Please alert me to any listings you will be putting on the MLS that fit my criteria (see below).

2. If you have sellers who don't want to list their properties for whatever reason, I will pay you a 3% commission if you can negotiate a purchase agreement with them on my behalf and I close on the house. This can work with properties that have not been listed or with expired listings.

My Criteria for Investment Property

Location: Cherokee County, Cobb County, will consider anywhere else in Atlanta area on a property by property basis, however I can move fast on investment properties in Cherokee and Cobb Counties.

Housing Type: Single family houses, townhouses, and duplexes. I will consider triplexes and quads too. No condos.

Property Condition: I buy properties that need to be fixed up. The worse the property condition, the better for me. I am not afraid of houses that need major repairs. I have bought properties that have been severely damaged by fire, cracked foundations, and other major structural problems. I usually update kitchens and bathrooms, install new flooring, paint, and update lighting and finish electrical on almost every house I buy to resell.

Price: Houses that would resell after being fixed up in the 100K to 250K range are best. I buy at a deep discount. I will buy at 65% to 70% of fixed up resale value minus the cost of repairs.

Payment / Loan Information: I buy using various forms of financing. Sometimes I can buy with all cash cash or with a line of credit. Additionally, I can access private money loans as well as bank funding. How I buy usually depends on the timing of a purchase as well as the dollar amount.

Assignment of Contract: I have investor friends who rely on me to help them find good deals. They depend on me to inspect homes and analyze potential investment property on their behalf and in partnership with them. Sometimes I assign the purchase agreements for properties I have under contract to one of these investors. For this reason, I like to have a purchase contract that is assignable, although it is not necessary in every case.

Please contact me if you have investment property that meet my criteria.

http://www.johnmarion.com

Comments (1)

  1. Are you still interested?