All Forum Posts by: Steven Tenaglia

Yes, still available and it does have large level backyard.

Comp sold 279,900 on early December 

http://m.trulia.com/property/3072118802-3670-Chestnut-Ridge-Ct-Marietta-GA-30062

4bd 3bath home located in much desired East Cobb location.

Schools rating 10 out of 10.  Withing walking distance to Pope HS

surrounded by 600+K homes.

comps are 280k+ with modest rehab.  Very Low Days on Market...

need to spend $ to make $

Ill say it again much desirable location, location, location.

Low days on the market.. even with a building grade rehab you will sell this house fast!

This home has had the rehab started already for you

Brand New roof with 25 yr Architectural shingles has been already added this month

Basement has been finished just needs paint.. .est 30 k rehab.

needs...kitchen, flooring, decks, new hall bath and mast bath, paint, repair minor vinyl siding and your signature finishing touches.

190K 

Old link when before I purchased it

http://www.zillow.com/homes/3553-Liberty-Ridge-Trl...

****  I am not a wholesaler... I am an investor who invests in GA and NY.  I purchased this property 6 weeks ago and started renovation ... new roof, demo, finished basement & clean out.  My total renovation budget was 40k but i was installing new windows throughout and spending $$$ in kitchen and Mast Bath.  ( that included new roof which is already installed and demo)  Got an opportunity in ny on a great investment and trying to liquidate this asset.  Cash Buyers only.  

This is a great deal in my opinion.  With a decent contractor it would take 30 days to rehab.   If you spent 10k more and updated Windows and did a nice landscaping job and make mast bedroom spectacular you could sell this house for 300k easily!   

4bd 3bath home located in much  desired east cobb location.

surrounded by 600+K homes.

Great school district

comps are 280k+ with modest rehab.  need to spend $ to make $

Ill say it again much desirable location, location, location.  

Low days on the market..  even with a building grade rehab you will sell this house fast!

This home has had the rehab started already for you

Brand New roof with 25 yr Architectural shingles has been already added this month

 Basement has been finished just needs paint.. .est 30 k rehab.

needs...kitchen, flooring, decks, new hall bath and mast bath, paint, repair minor vinyl siding and your signature finishing touches.  

190K  must be able to close by jan 5th

this is an old link on zillow

http://www.zillow.com/homes/3553-liberty-ridge-trl...

available to show asap

Hey Matthew, 

Welcome to REI and welcome to bigger pockets. Those are all great reading material and great motivation to get you started on the right track. I just finished up a flip in Villa Rica. Good properties in your back yard that are very affordable and can produce steady cash flow. If you have any questions please feel to reach out. Best of Luck!

Simmy,

Hey Simmy,  any properties still available?  please contact me at [email protected] if so.  Thanks.

Mitch,

Hey Mitch,  Just checking to see if property is available.  Long shot I know but doesn't hurt to ask.  Can you email me.   [email protected].  

@Mark Gallagher  

Very good point as far as why am investor would won't to hold a flip for a year when better deals are out there in a case of a single family or duplex.   But this case it was a fourplex.  Just thinking out loud really.  Any investor trying these tactics is surely a lousy one at that.  

This all brings up an interesting perspective for investors.  I've bid on a lot homepath properties through the years while getting zero properties.   Some never getting to 2cd phase of bidding which left me puzzled on who would live in such a disaster area?  

 Whats to say an unethical investor buys a very sought out Fannie Mae homepath property, single family or multi family. But never actually becomes. "Owner occupant".  Puts utilities in their name,  throws some cheap furniture in and keeps The lights on. Checks in on occasion then after a year puts house on market after minor upgrades and makes some $$$.  I've never checked up on properties after I've lost out but now I'm curious if that does happen.   Not saying @ Matt Jones that this is your intention obviously.  Just saying there's probably unethical investors out there and that's why Fannie mae has instituted reprocussions if you are caught!