All Forum Posts by: Chad Carrodus

Who is doing the work and overseeing the reno?

Macon, GA. I would never buy there, but then again, I don't know why you would want a $50k house instead of just saving some more,

I bought it. It sucks. And I was even on the Homesnap podcast, so I really tried to like it.

Join a team where you get leads handed to you and focus on building relationships with THOSE clients. Make them love you, even if you have to pay a 50%+ split to the team lead. In turn, you will be creating a referral-based business and not one dependent on cold calls and "grinding." 

More doors, mitigated risk

Price sounds about right. Direct mail can be expensive. Maybe start with online ads/funnels, so you can scale the budget accordingly and track your analytics 

@Audrey Easton - everything WEST of 75! West Midtown, West Cobb, Kennesaw, Acworth, Cartersville, and so on. 

While the effects of COVID-19 in the broader economy continue, real estate activity is beginning to recover across much of the country. According to Freddie Mac, mortgage rates have been below 3.3 percent for more than four weeks and are hovering near all-time lows, spurring strong interest by buyers and lifting showing activity up 4% nationally versus a year ago in the final week of May.

New Listings decreased 25.0 percent for Detached homes and 9.5 percent for Attached homes. Pending Sales decreased 2.7 percent for Detached homes and 6.2 percent for Attached homes. Inventory decreased 18.5 percent for Detached homes but increased 7.8 percent for Attached homes.

Median Sales Price increased 1.0 percent to $274,823 for Detached homes but remained flat for Attached homes. Days on Market decreased 6.8 percent for Detached homes but increased 9.5 percent for Attached homes.

Months Supply of Inventory decreased 18.2 percent for Detached homes but increased 6.9 percent for Attached homes.

Buyers have been quicker to return to the housing market in force than sellers, who have been showing a bit more reluctance to list their homes than is typical for this time of year. But trends are improving and as states and localities continue to moderate their COVID-19 policies, real estate activity is expected to continue to improve in the coming weeks.

@Ali Boone - yes. Particularly on the Westside all the way North. Mainly in small multifamily, but opportunities certainly exist in every asset class in Cobb. Because neighborhoods can change so dramatically in a matter of 1 block in Metro Atlanta, this is why I believe the best deals are bought if you buy one or two steps ahead of the market. Buy a "good" deal now (ie positive CF), in order for it to be a "great" deal in the short term future. (ie unheard of cap rates and mass appreciation) 

With all due respect as an Atlanta native, investor, and agent...I completely disagree. I-20 is merely a vein to the main artery of I-85 and more importantly, I-75. Just follow the development of the PeachPass. First built up towards NE GA (I-85) has now been built out up I-75 all the way to basically Cartersville. 

Check out Floyd County, Bartow County, Cherokee County, and even Cobb County along the 75 corridor.