All Forum Posts by: Derrick Lu

Hi Julee, I checked out your website and it's fantastic.  I'm planning on doing a cash refinance on your site soon.  Question:  do you know your appraiser's criteria's for comps? for example, home sold within .5 miles within 6 months?

I found properties listed by wholesellers on the internet.  They have a Buy Price...is this price negotiable or firm due to a contract with the seller?

Also, do i need an agent if I want to make an offer?  or should i just contact the wholeseller only

Hey, yes I am!

Anything thoughts on the Sandy Springs sub-market of Atlanta?

@Tim Butterfield I can contest that Sandy Springs is doing well.  I get 2500/month in rents for a 3 bedroom town home.  But I am considering selling some of my properties as I am investing in completes.  If you are interested in one of my properties, please let me know.    I have one that generates 850-950/month in your initial investment range (it's in Gwinnett County).

@Blake Morgan That's a great opportunity to learn.  Would you consider a partner?  

I have 3 turnkeys if anyone is interested in purchasing.  Moving into apartment complexes.

Norcross, Ga - 2 bed/1.5 bath - 950 market rent, tenant paying 850/month (handy man discount) Asking 84K

Suwanee, Ga 4 bed/2.5bath - 1898/month (tenant paid one year in advance)  $280K

Sandy Springs, Ga 3 bed/2.5 bath town home - 3 rooms occupied at 750/each.  $235k

Thanks everyone and @Matthew Paul for your experience and price.  Re glazing it is!

@Brian Adams Do you have a minimum unit requirement? I've been looking into MF recently (trying to leave SFH) and found a 33 unit complex that can be converted to condos or can be left as rentals. I work and live near the perimeter of Atlanta and it's a sold market (job, family oriented, new developments..). The asking price is 2.9 Million. Would you be interested in working with someone local to Georgia?

What are you experience with Bath Fitters?  Great investment?  Good or bad?