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All Forum Posts by: AC Cooley

AC Cooley has started 49 posts and replied 123 times.

Post: Double Close or Assignment...HELP!

AC CooleyPosted
  • Real Estate Investor
  • Atlanta, GA
  • Posts 126
  • Votes 42

Kimberly Dodson

Closing Secretary
Morris | Hardwick | Schneider
2250 North Druid Hills Road Ste 110
Atlanta, Georgia 30329
(404) 814-9247 ext 15911

The good thing about them is they offices all over Metro Atlanta. Even if the Druid Hills office handles your closing your buyer can sign his or her docs at another location if they live further out.

Post: Double Close or Assignment...HELP!

AC CooleyPosted
  • Real Estate Investor
  • Atlanta, GA
  • Posts 126
  • Votes 42

@Sheik

Just find another title attorney that will do the assignment. There are plenty in Atlanta. Let me know if you need referrals. Morris Hardwick Schneider does all of mine.

Finding a good title attorney is very key for your business.

Post: Fixer-Upper in N.W. Atlanta for $9,000

AC CooleyPosted
  • Real Estate Investor
  • Atlanta, GA
  • Posts 126
  • Votes 42

Thanks Rick.

Post: Newbie in Atlanta, Ga

AC CooleyPosted
  • Real Estate Investor
  • Atlanta, GA
  • Posts 126
  • Votes 42

Welcome! There are a lot of active Atlanta investors on BP.

Post: Fixer-Upper in N.W. Atlanta for $9,000

AC CooleyPosted
  • Real Estate Investor
  • Atlanta, GA
  • Posts 126
  • Votes 42

*WHOLESALE DEAL for Single Family Home*

Norfolk St NW & Poland St NW

Atlanta, GA 30314

3 Bedrooms 2 Baths
Built in 1945
1,577 Sq.Ft.

Asking Price: $9,000 or best offer

Super cheap deal for experienced rehabbers that like to rehab boarded up properties needing a lot of TLC.

This property needs to be sold quickly. It can be yours!

Please call A.C. Cooley at (470) 315-0906 or e-mail deals AT acbuyshouses DOT com if you are interested in this property

Post: Debt Free Investing

AC CooleyPosted
  • Real Estate Investor
  • Atlanta, GA
  • Posts 126
  • Votes 42
I am interested in debt free investing as well. Like someone else mentioned hard money lending might be better than owning rentals if not using leverage. Its "passive" of course but if you are doing short term loans to rehabbers you have to keep finding good deals to loan on with a good rehabber. If you loan to a good rehabber that can do a great deals in less than 6 months for a 12% return that can potentially be a 24% return over a 1-year period. Loaning $80,000 twice a year and earning $19,200 each year sounds pretty good. You can double your money in less than 5 years if successfully done right. Another idea I've heard about is that if you are open to doing longer term loans you can do loans to landlords. If willing to be more aggressive you can then sell the note after it is seasoned and then put the money to work again and collect upfront points all over again on your next loan. I'm not yet doing these strategies myself but I am researching them for the future once I'm ready to do more passive investing.

Post: newbies

AC CooleyPosted
  • Real Estate Investor
  • Atlanta, GA
  • Posts 126
  • Votes 42

Yep, under the "Learn" menu you will find the free beginner's guide

http://www.biggerpockets.com/real-estate-investing

Post: New Member from Atlanta Georgia

AC CooleyPosted
  • Real Estate Investor
  • Atlanta, GA
  • Posts 126
  • Votes 42

Welcome Sheik!

If you haven't sold your deal I'll buy myself if it is a great deal! I also know buyers that are buying in Riverdale if it doesn't meet my deal standards.

Please email me the deal info at [email protected]

Post: What defines a Warzone?

AC CooleyPosted
  • Real Estate Investor
  • Atlanta, GA
  • Posts 126
  • Votes 42

Drive through that neighborhood between 7pm-9pm on a Friday or saturday night and see if you are willing to deal with the activity in that neighborhood. It's getting cold so the activity won't be like the summer months but still...

Post: Wholesaling in a war zone

AC CooleyPosted
  • Real Estate Investor
  • Atlanta, GA
  • Posts 126
  • Votes 42

Stephen even if you don't decide to target your marketing for a particular demographic, my advice is if you happen to get a motivated seller lead I would look into wherever it is. So if the seller is motivated look into it. I believe in not finding properties but finding motivated sellers.

I am new to Atlanta myself. I wholesaled a deal last month in a neighborhood I never even driven through before much less had experience in. But I had a motivated seller lead and put it under contact at the bottom range of the sold comps in that neighborhood. I contacted all the agents that represented buyers that bought in that neighborhood in the last year to see if their clients were looking for similar properties. I a full price offer the next day.

The key was that I had a motivated seller willing to sell at a low price. So this lead might be a property that isn't in as bad a shape as those $3K houses in the same neighborhood. If you don't want the lead pass it along to me. I might buy it myself. Feel free to email me or call me.