All Forum Posts by: Joshua Jarvis

Mitch,

I'm in the Atlanta market as well. Saw a deal this week in Woodstock (https://madmimi.com/p/d9c035?fe=1&pact=24550993702) . The best deals come from relationships, especially in this market. The properties I've sourced for investors or for myself are rarely on the MLS. Right now the wholesalers are my best friends but if you want something sometimes you just have to ask, door knock in the neighborhood. Hunt down owners of homes with overgrown yards, give them options, etc. .... OR Hire a real estate agent that specializes (I'm in Gwinnett so I'm a world a way in case anyone thinks this is a solicitation) in investments. They are out there. IF they aren't using the lingo and aren't asking about your goals then find someone else. Ask about their track record, who their clients are, etc. Good Luck!

@Jeff Plair - I'd suggest looking not just at what sold but is selling in the area. Often comparable homes don't tell the whole story. If it's in Atlanta it's street by street as well, so 1 mile radius won't work for much of anything except maybe an appraiser. Look at what's selling, look at CL and Zillow FSBO listings in that area (most will be wholesalers at that price) and you can get a feel for what they are doing. The formula above is "OK" but I'd suggest getting a bit more aggressive. If you want to wholesale the property for an assisgnment fee then you have to leave enough room for someone to flip. On a 50K or less property, you might have to lower your assignment because those flips are going to be to a "buy-hold-flip" investor vs a straight up rehab and flip. Hope this helps!