All Forum Posts by: Brad Campbell

Hi Chris,

I wanted to address your concerns with the property you purchased from us.  Full disclosure, I'm the general manager for our Woodstock office.  I'd like to make it clear that we make money from building sustainable working relationships with investors, agents, wholesalers etc, not by turning properties fast.  Properties sell quickly because you bought an investment property in the hottest zip code in Atlanta.  In fact, the property was resold to a client that has purchased 5 houses from us.  I regret if any dealing with a client we work with has less than a positive outcome and I'd welcome the chance to speak with you outside of this thread to address any specific concerns.

I'd like to point out that in such a competitive market it's very typical for me to put up non-refundable EM in order to acquire a property, in some cases 10% of purchase price.  We simply ask that our investors do the same when dealing with us.  I'd also like to point out that list price is not representative of acquisition price.  In GA, there are 2 listing services and this property happened to be listed on the less popular GAMLS.  

Any investor that has a bad experience in dealing with us is regrettable, however appx. 50% of the business we do is with repeat investors.  

Hi Mark- I manage an investment brokerage and I recently opened our 2nd location in Woodstock. My team and I partner with other investors/wholesalers/agents all the time to wholesale properties. If you'd like to discuss further feel free to message me.

I'm an agent and investor in the Atlanta market.  While I see some slowdown in Hedge fund buying, I'm consistently finding and selling deals to them.  Their criteria simply changes.  Two years ago they'd buy a house built in 1950 for 30k, do the repairs and rent it out.  There was no retail value for the house.  Those same funds are not buying those older houses anymore, but rehabbers and flippers are, thus creating a retail market.  If you were to buy this house today, you could spend 50k, renovate for 45k, and rent out for 1k with 30-40k in equity.

I see multiple deals every month on newer houses '80 or newer all in 95k rents for 1,200.  There isn't much equity in these deals however.  

Atlanta will continue to be a strong market for a long time, with values still not back to '08.  The economic hub and diversity of the city have helped our recovery's trajectory be more sustainable.