All Forum Posts by: Amit Bhavsar

Hello Everyone: Getting in to my first short Sale and have a seller go ahead purchase and sale agreement in place. Understand that the next step is the waiting game for the banks.

Also I have 10 days starting today for Due Diligence.

I looked at the contract and see the below as far as title is concerned. My understanding is it will be clear and marketable title. Is there anything I need to worry about.

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Thanks Rick Appreciate it. I will reach out to him.

Looking at some properties in Atlanta Metro, mostly Alpharetta, Johns creek, Cumming area turnkey properties (SFR) and planning to make an offer on couple including a short sale.

Can any one recommend a good investor friendly Home Inspector that you have used before who can point out potential issues/fixes that may be required.

Also title company recommendations if possible.

Thanks

Amit

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Thanks J. will do. BP has become my encyclopedia in such a short time.

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Thanks Wayne. Appreciate your quick feedback.

Dear BP Experts:

Was looking at a home up for short sale in GA (Fulton county) and planning to put in an offer. See some liens (FIFA) against the property. Is it safe to assume that if the short sale goes through, the title received will be free and clear of all liens?

A quick search I did on the web for my own education revealed:

A FIFA lien is a legal writ that has been issued by the tax commissioner against a taxpayer so that his/her property can be seized. This is done with the intention of selling the property to satisfy the tax amount.

Thanks again,

Amit

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Thanks James, will explore the areas that you mentioned.

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Rick thanks for pointing out James to me. Appreciate the details you have provided.

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Hello neighbor ! Went through your post and find the details very informative. Your research has definitely saved me a lot of time. I have been eyeing the Alpharetta, Roswell, Johns Creek, Cumming areas for some time now and cant agree with you more. Like many of naïve real estate investors, I have missed out on some of the deals in the recent prices as always had someone outbid me and the homes closed fast.

You had mentioned on my post that South Forsyth, looks promising. Also with its lower property taxes it looks attractive there. Some of my friends who appraised their homes (residential not rentals) for refinancing have found that their appreciated significantly. While I find its a long commute from Atlanta for folks working, I

Can you advise on which zip codes/neighborhoods in S. Forsyth would be good to focus on for rental markets.

Thanks again for all the details provided.

Amit

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Thanks for your inputs. Based on your and Jason's inputs Possibly I should focus on high appreciation (long term) areas and not high income producing.

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Awesome advise. Thanks Paul ! Never thought about it.

@ Thanks Amy