All Forum Posts by: Andrew Bishop

Mendel, 

I would start here: https://www.section8programs.com/atlantageorgia.ht...

First step is to apply and the steps are pretty self explanatory from there.

Can you send to me @Rick Baggenstoss

They are looking in Atlanta @Justin Youngblood

ATLANTA GA - new fund that is looking to spend $100MM in the next 2 months. Please let me know if you are getting properties that may make sense. Criteria is below:

Rentals:

-Must be a 3/1.5 or larger

-Not in a flood zone

-Not on a double yellow

-Must be within 2 miles from each point on the census map (They are excited about some areas and will go further)

-Carport/garage does NOT matter

-Tenant occupied/Section 8 is ok as long as they're paying market rent

-There is NO cap on their rehabs (This is their competitive advantage)

-Must have 3 sold and leased comps to show value

Flips:

-Doesn't matter where

-Doesn't matter what style

-Rehab amount is un-capped

-Their only criteria is to make 15% NET on each flip

-They WILL do additions

-All-in max is 1MM... This leaves all of Atlanta as fair game

Contract Terms:

-7 days DD

-1,000 EM

-Close in 14 Days

This fund will be super easy to buy for. They have to spend $100MM by December 31, 2018 or they will lose 1/4 of their funding. So in reality, there is no cap to the amount they will buy, but rather a floor.

I have been working a lot in different parts of SW Atlanta recently. Hunter Hills, Center Hill, Grove Park all seem to be slowly trending up. Vine City also has a lot of potential but is the new stadium enough to bring value? 

What do you guys see? Is the move to grab good rental deals and hold them until values really improve or will we start seeing high ARVs in these areas in the next year?

Buckhead (Meadowcliff) Neighborhood, 17,000 SF corner lot on the best street in the neighborhood with pop top or tear down potential. 4000 SF New builds on the same street going for $1.2MM.

$360k PP

PM me with your phone # and email for more details!

Beautiful Charleston Style home overlooking Coan Park in the heart of Kirkwood. Come check out this charming 1910 built house with vaulted ceilings and a downstairs in-law suite. Home sits on a massive lot that backs all the way up to Paxon Street.

Do you have any more Atlanta properties @Phil Hayes, Jr.

I work with a couple very solid GC's. Would be happy to put you in touch, shoot me a message and we can see if its a good fit.

Great deal in a trending area in SW Atlanta. This is a large house that needs some updating - flip it for a quick profit or buy it and rent it out. This area should continue to appreciate in value over the next 2-5 years! Shoot me a message for more details!