All Forum Posts by: Ericka Parrott

Neighborhoods change and your right, tenants with Section 8 prefer the newer, nicer properties or to move out the the city into the surrounding counties.  Tour a couple of PadSplit homes in the area to access your competition and consider moving forward with them.  I am familiar with the area and live and work in the Atlanta Market.

Sanju let the attorney hold your earnest money.  State the due diligence days you need to vet the property and when your earnest money will go "live to hold" the deal.  And the terms your earnest money will be refundable.  

Investor who don't have an established relationship with a lender often lose their earnest money when the lender needs additional time to close the deal, so be careful.  A good wholesaler will have a backup buyer if the property is worth anything.  If you can't close on time, the wholesaler will simply move on to the next buyer.

1. $350 pet fee per pet. Fee is non-refundable. Cats do more damage than dogs in my opinion.  

2. Screen new tenant. Charge application fee. And add an additional security deposit, but more importantly is "Why".  Why is this new partner wanting to be added to the lease.  Try to understand the relationship and what's going go.  Make sure it makes sense. 

I have a reliable contractor in Macon, GA.  Send me a pm.

Hi Nancy, I have sold property for clients in Carrollton.  Much better value that closing in Metro Atlanta, let me know if I can help?

I had a Subject 2 or wrap deal fall apart last month, getting title insurance and a closing attorney willing to close the deal were among the many issues. Is anyone working in GA closing these type of transactions reguarly?

Hi Allen, there are plenty of hard money/private money lenders here on BP, just take your time and speak with several of them to understand all the fees and requirements.

Hi William, I'm a investor friendly agent and I also wholesale.  Let me know if I can help you?

Hi Aidan, when you first started you can create your partnership agreement per deal depending on what your end goal is for the property. 

These are great suggestions.  Don't forget to add disposable shower caps, ferrero rocher/dove/or lindt chocolate, biscoff or Pepperidge Farm Milano cookies if you can't get to your local bakery.  Also, personalized post card size info/thank you card with the top 5 restaurant/bars or attractions in the area. Add coconut water or ice tea with the bottled water.