All Forum Posts by: AC Cooley

Congrats! That is amazing that you got a deal locked on your first mailing with only 10 letters. Wow.  Most newbies don't experience that. I sure didn't.

I'm in Metro Atlanta as well. I go to the Georgia REIA Dealmakers meeting whenever I can.

Livingstone Pl

Decatur, GA 30030

2 Beds 1 Bath

850 sqft Built 1947

This is a great wholesale deal "Inside The Perimeter". In the neighborhoods with home price sales from $200,000 to $350,000 this is the cheapest house available in Decatur 30030. This house is within walking distance of The Museum School and the Avondale Marta Station. A short bike ride to historic downtown Decatur Square. Not far from Agnes Scott College and the Dekalb Farmer's Market.

Plenty of backyard space for a master bedroom/bath suite addition. Hardwood floors throughout except for kitchen and bath.

Repairs include:

• Upgrade Kitchen cabinets, countertops, flooring and appliances
• Upgrade Bathroom sink, vanity, tub surround, and flooring
• Install new HVAC
• New roof
• Minor ceiling and wall repairs

One story SFH Comps:

$235,000 - 757 Dalerose Ave

$227,000 - 744 Brown Place

$217,000 - 730 Brown Ave

(Two story homes and new construction homes are selling in the neighborhood upwards to $350,000)

ASKING PRICE $139,000

SERIOUS Cash Buyers that are ready to close quick please contact me at (404) 419-6780 or [email protected]

Ivydale Street

East Point, GA 30344

2 Bedrooms 1 Bathrooms

1,090 sqft Built 1948

Asking price: $10,000 or best offer

This is not a wholesale deal. This is a house I own free and clear that I am selling For Sale By Owner. This a cozy house on a dead end street that needs extensive rehab. Off-street parking. Nice sized backyard. Buyers must perform their own due diligence

Monthly Rent Estimates: $650-$700

Annual Property Taxes: $400

Agents bring your buyers! I will pay commission.

Photos and more information available for serious buyers. 

I just reduced the price to $15,000!

Hi,

I am thinking about setting up Coverdell ESA's for my children. The initial amounts will be small so I'm thinking about doing deals with my SDIRA's LLC and their ESAs together. We may buy a rental together since neither account would have enough money to buy one by itself and still have money leftover for reserves. Would it be beneficial to set up an LLC owned by my SDIRA's LLC and their ESAs. The property would be owned by the one LLC.

The other way is the property would be acquired jointly in the names of SDRIA1 LLC and Child1 ESA and Child2 ESA. Any other alternative suggestions would be appreciated as well.

Thanks,

A.C.

375 Inman St SW

Atlanta, GA 30310

2 Bedrooms / 1 Bath

1,396 sqft / Built 1920

Asking price $24,900

• This property is in the Westview neighborhood which borders the West End in SouthWest Atlanta.
• Bonus room could be possible 3rd bedroom. Plenty of room for a second full bath. Large backyard
• It is not far from the soon to be newly renovated Enota Park which is part of the Atlanta Beltline Phase 1 project.
• Enota Park will feature an event lawn, basketball court, playgrounds, a restored creek bed, community garden.
• Property needs extensive rehab
• Quick closing is available. Property is owned free and clear.
• Deadline for all offers is Sunday, November 9th at 6:00pm

TOP COMPS WITHIN A HALF MILE
1342 Lucille Ave SW $119,900
504 W. Ontario Ave $119,000

326 Inman St SW $106,000

ESTIMATED RENT 

Two bedrooms $750-$850 

Three bedrooms $850-$1,000

Contact A.C. Cooley (404) 491-1906

[email protected]

www.acbuyshouses.com

Clay Street SE

Atlanta GA, 30317

3 Bedrooms 2 Bath

1,008 SqFt Built 1947

You can renovate plus add a new addition OR tear down and build new!

A new construction house one block away sold for $375,000 on June 6, 2014

There are four current listings within a quarter mile that are new construction or completely gutted with new additions listed between $309K and $429K

WHOLESALE ASKING PRICE ONLY $89,000

For more details contact A.C. Cooley at (404) 491-1906 or [email protected]

I am a member of both Georgia REIA and Atlanta REIA. As far as education I wouldn't buy multiple courses and products from the monthly speakers that come. if you feel you need training on a subject, find one course from a reputable coach and stick with it. Don't chase the new shiny object every month. You can also get education by going to the sub-groups. Find a sub-group with a topic that you are interested in. There are subgroups where you can ask the group to analyze your deal and you will get advice from seasoned investors. This month I saw this new guy get free advice in 15 minutes that was easily worth more than the one year membership fee.

Also volunteer with the REIAs, find out who are really doing deals, get to know people. And when you get to know people don't just do it with a mindset of "what is in it for me". Let people know how you can them.  If you are natural and real then people will eventually see you are sincere and will provide free advice and even eventually send opportunities your way.  Some people may think because they are new they have nothing to offer but that's not true. A lady offered to go take photos of vacant houses for me for free because she wanted to know how I analyzed deals before I put them under contract. I offered to pay her but she said she wanted the experience and advice instead. 

I hope you have many blessings during your investing endeavors! Let us know how it goes!

Gano Drive
Riverdale, GA 30274

3 Bedrooms 2 Baths
1,100 sqft Built 1965
Attached one car garage

Easy repairs! Kitchen and baths were renovated less than 3 years ago. Only needs paint and carpet plus minor carpentry repairs to be in rent ready condition.

NEIGHBORHOOD RENTS $800 - $850 a month

TOP COMPS

121 Sunrise Cir $56,000 8/30/2013

635 Roxbury Dr $53,000 3/26/2014

322 Roxbury Dr $50,500 11/6/2013


Wholesale asking price $45,000

Contact A.C. Cooley at 404-419-6780 or [email protected]

I always tell sellers I buy properties at a discount in exchange for paying cash and closing quickly. I tell them I might put do some work to it and resell it, or I might rent it, or I might sell it as-is to another investor.  I just know that in the next 10 days I can buy their house and help solve their problem. I always tell sellers that if they want close to market value and they are willing to wait longer to close then they should list it with an agent. If telling a seller that will scare them off them you weren't going to get a good deal anyway. Some people are scared by being upfront they will lose deals. But a true motivated seller knows they are selling their house cheaper than market value and they are willing to do so.