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All Forum Posts by: Ericka Parrott

Ericka Parrott has started 17 posts and replied 277 times.

Post: Should I Buy My First Rental Property Out-of-State If I'm Unable to Scout the Area?

Ericka ParrottPosted
  • Residential Real Estate Agent
  • Atlanta, GA
  • Posts 297
  • Votes 87

Ohio does have great numbers.  If you choose GA, I'll be glad to help. 

Post: Buyer wants to do an Inspection?

Ericka ParrottPosted
  • Residential Real Estate Agent
  • Atlanta, GA
  • Posts 297
  • Votes 87

Well... I have a couple of buyers that will purchase without due diligence.  They usually spend one day going through the property checking everything for a couple of hours and move forward. But buying without any inspection is rare. If you want to sell this property, you need to let someone inspect it at least once and the discount for due diligence needs to be worth it. 

Post: LoanBidz lending reviews

Ericka ParrottPosted
  • Residential Real Estate Agent
  • Atlanta, GA
  • Posts 297
  • Votes 87

Kathy, check out Anchor Loans as a comparable. 

Post: Opinion Needed ASAP

Ericka ParrottPosted
  • Residential Real Estate Agent
  • Atlanta, GA
  • Posts 297
  • Votes 87

You need a second and third opinion. 

Post: Why is Zillow so bad?

Ericka ParrottPosted
  • Residential Real Estate Agent
  • Atlanta, GA
  • Posts 297
  • Votes 87

Estimates on the homes value are often completely wrong.  The data they pull from the tax records on how much a home last sold for, often not updated, or completely wrong. Recent sales in the neighborhood are also not updated. 

Post: When to approve tenants?

Ericka ParrottPosted
  • Residential Real Estate Agent
  • Atlanta, GA
  • Posts 297
  • Votes 87

Zillow makes mistakes.  Have a way to double checking their information they give you on the application.  And always check social media for red flags and I agree with Vince, always meet a person.  

Post: New to Bigger Pockets

Ericka ParrottPosted
  • Residential Real Estate Agent
  • Atlanta, GA
  • Posts 297
  • Votes 87

Welcome to BP!

Post: Mass deportations: will it affect rental markets?

Ericka ParrottPosted
  • Residential Real Estate Agent
  • Atlanta, GA
  • Posts 297
  • Votes 87

Stopping the flood gates of immigrants is feasible. Mass deportation of 11 million people is unlikely.  Let's re-visit this post next year and see.

Post: Looking to build a small multifamily in the southeast

Ericka ParrottPosted
  • Residential Real Estate Agent
  • Atlanta, GA
  • Posts 297
  • Votes 87

Send me a PM and I'll send you a couple of examples of what is on the market outside of Atlanta so you can run your numbers and see if that fits.

Post: 2 Bedroom 2yr Rental Into Flip

Ericka ParrottPosted
  • Residential Real Estate Agent
  • Atlanta, GA
  • Posts 297
  • Votes 87

Please send me the address.