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All Forum Posts by: Holly Barrett

Holly Barrett has started 14 posts and replied 192 times.

Post: North Georgia STR estimated expenses

Holly BarrettPosted
  • Real Estate Agent
  • Dawsonville, GA
  • Posts 203
  • Votes 143
Quote from @Amy Lemaistre:

@Holly Barrett  thank you! What would the best way to get a more accurate occupancy number? The listing gent? Also, if a property says “great rental history” will the agent provide the details?


If it is currently an STR the listing agent should hopefully have Financials & Occupancy Rate info. Work w/an STR savvy buyer's agent to ascertain that info. If it isn't a rental, you can use airdna (your buyer's agent might have access to some of that thru Remine software) and round down, be conservative. Pull STR comps, seasonal ADR, and come up w/your own ADR x Occupancy for property in question. Then run the numbers w/that.

Also, many changing ordinances (**Not for the better) in NGA. So buyer beware! Don't take your agent's word for it, it's hard for us to keep up even if we are paying attention, go straight to the municipality sources for info & get any potential approval in writing.

Post: What part of the Greater Atlanta Area is best for fix and flip

Holly BarrettPosted
  • Real Estate Agent
  • Dawsonville, GA
  • Posts 203
  • Votes 143

@Branden Jordan

I’d look at Hall County (Agra jobs on the rise and Gwinnett residents shifting north) and there are a lot of jobs coming in the Solar space in the coming years up in Dalton.

Post: buying duplex in Atlanta area

Holly BarrettPosted
  • Real Estate Agent
  • Dawsonville, GA
  • Posts 203
  • Votes 143

@Doug Davis

Not to toot our own horn, but I really suggest you work with an agent on here! We know this story and how to navigate these waters.

We know what lenders work best for your situation. An investor savvy agent like any of the ones on this page will take a lot of the guesswork out of your search.

Just a thought ;)

Post: North Georgia STR estimated expenses

Holly BarrettPosted
  • Real Estate Agent
  • Dawsonville, GA
  • Posts 203
  • Votes 143

@Amy Lemaistre

I usually ballpark $500 a month and based on the other responses that sounds about right.

Helen is higher occupancy but I would still aim lower using 70%

Post: New Investor Intro and Seeking Connections

Holly BarrettPosted
  • Real Estate Agent
  • Dawsonville, GA
  • Posts 203
  • Votes 143

Hey David, I'm on the other side of the lake in Dawsonville, hit me up!

Post: Real estate brokerages in tampa area or online brokerage for new agent?

Holly BarrettPosted
  • Real Estate Agent
  • Dawsonville, GA
  • Posts 203
  • Votes 143

Congrats! I started w/EXP as a new agent and have had a great experience. I think REAL is super cool and their video marketing rocks, but EXP training is tough to beat in the virtual world IMO. They are both awesome options though and largely will depend upon your mentor & group you go in w/. 

A virtual brokerage is good for: 

People who have worked remote / 1099 careers before

Tech Savvy / Proficient 

Self Reliant / Resourceful / Self Starter

My two cents :)

Post: buying duplex in Atlanta area

Holly BarrettPosted
  • Real Estate Agent
  • Dawsonville, GA
  • Posts 203
  • Votes 143

I concur with the above posters on the in law suite situations. Another option if could be building an ADU, currently in Atlanta, ADUs are allowed on R-5, R-4, and R-4A-zoned lots. 

However, I believe there is a current proposal to expand that, not sure what the latest is on that measure. 

Post: Short-term Rental Long-term Wealth

Holly BarrettPosted
  • Real Estate Agent
  • Dawsonville, GA
  • Posts 203
  • Votes 143

I would look more towards Dahlonega / Helen personally, I think the #s make more sense there.

Post: Short-term Rental Long-term Wealth

Holly BarrettPosted
  • Real Estate Agent
  • Dawsonville, GA
  • Posts 203
  • Votes 143

If you are up for an elbow grease project we do have some scattered around North GA. I would expand beyond Blue Ridge personally. Think more Dahlonega / Helen / Suches maybe where I find the #s making more sense. 

Post: What would you do with 1,000,000

Holly BarrettPosted
  • Real Estate Agent
  • Dawsonville, GA
  • Posts 203
  • Votes 143

@David Esslinger

I’d buy residency through real estate or business investment in Europe.

Buy a 12+ MULTIFAMILY

And maybe a couple of distressed rehabs