All Forum Posts by: Gareth Jackson

I checked out the pics, it looks good. Great job.

@J. Compton welcome to Atlanta, BP and the world of investing. There is a lot of opportunity here in the metro Atlanta market. 

I think @Stan Sugarman has the right idea. Cash flow as much as possible.

@Jose Cherian only you can really answer what is the better route for you. It really depends on the goals you have for yourself and for your business. There are investors that are implementing each of those strategies right now in SW Atlanta but only you can determine what is right for you.  

@Jewell Ford Sourcing leads in terms of wholesaling would mean finding potential properties and potential buyers. There are a lot of different ways to make that happen and that typically boils down to what you are most comfortable with and feel like is most effective for you. The first thing I think you may want to do is figure out exactly what areas you plan to target so that you could work to become very familiar with those areas. Next you want to start working on finding buyers who target those same areas. Having the buyers lined up before you put properties under contract will make getting it closed much easier.

@Jewell Ford if you do not have the cash on hand to buy and fix properties right now then wholesaling is a good way to go but you need to learn as much as you can about your local market in order to be successful. It takes more than just finding a distressed property or coming across a motivated seller. The key is finding a great deal that will generate interest from multiple buyers. You need to learn about sourcing leads, what goes into a rehab, how to run comps, etc. to ultimately be successful as a wholesaler.  

@Farha Khan I was recently pitched a property right across the street from the prison on McDonough. I passed on it due to the fact that your buyer pool is definitely decreased by a great deal due to its location and it was not the kind of deal you just could not say no to. If the numbers are such that it makes it a no brainer then you could still go for it. People live in the area so that means people are definitely willing to live near that prison. Best of luck with your decision.  

@Ingrid Pinilla In terms of hard money lenders go, I have a sister company that is a reliable hard money lender. If you would like to get some more details you can message me directly. 

@Michael O. The Washington Park area is one that is already seeing a good deal of appreciation. The Beltline is going to run right through Washington Park. Subarea 10 Boone/ Hollowell is that section. Get in now if you can because it will soon be much more expensive to get in there. 

@Kevin Quach in my experience a hard money lender is going to want to see a certain amount in liquid assets in order to lend on a deal. Some will do 100% lending but most will require a down payment of 10% or more in addition to additional assets. A private lender may end up being the best option or maybe you could wholesale the property for a quick turn around.