All Forum Posts by: Jason Tucker

 I would stick to bigger reputable companies and friends and family starting out. There are a lot of scammers when it comes to hard money. A good lender will help you evaluate a deal too. They are a partner in the transaction so your success is their success.

I have a gated rental near the Campcreek market place and it stays full. 3/2 for 140 a night 3 night min. I would warn you it took me some time to find a good turn over service/

in Atlanta Cristyl Kimbrough with Kimbrough Swift

I'm a new construction developer in the greater Atlanta area. As of recently I've only built single family and multifamily residences to sell. I'm now looking to build a small apartment complex of 12 units (3 quadplex buildings on a 1.7 acre piece of land). Because of the labor shortage and time to market for new construction I'm considering working with a modular home builder. I know the cost are a little hire with prefab homes, but I was wondering has anyone used this method before or know of any builders who specialize in four unit mods?

Hey @Jeff Dimock Agreed. Not understanding deals or contracts is the basis of a wholesale business. Yes, there is a learning curve to any business but there should be a minimum barrier of entry. Especially if you are dealing with legal binding agreements. I don't have a point of parallel where someone can come in without an inch of understanding in a business and it be ok.

@Account Closed I was talking to a Politician, the head of one of the board of real estate  chairs and a couple attorneys at a recent fund raiser for this politician. I am not sure on what the penalties are or how they would legislate against whole salers but the illegal part of wholesaling is two fold and both the board of realtors chair and the attorney said the case could be made two ways. 1: They are selling a property that they legally do not own nor have rights to. My argument was that if you are under contract with the property you have those rights to convey to someone else. The attorney says yes but if you do not convey you are not the buyer or seller and have written disclosure of informing all parties of your actions you are still not operating in the guidlines of the law and if you do convey then you are acting as a real estate agent which you need a license. 2: To sell a property you must "market" the property I guess a real estate agent or a titled owner are the only two people that can do that. So they said Ohio is the blueprint for cracking down on wholeselling and they are following that model. 

 I use to whole sale before I became a developer so I dont necessarily have anything against it just wish whole sellers had a better knowledge base. Most of them dont know what they are doing which makes the whole deal wonky and sometimes makes for a very ugly close once the seller finds out what they made off the deal. 

Whole selling is going to be illegal in GA soon. I know some very good whole sellers but most dont understand contracts or deals. 

It seems like you have enough of a spread to cover most cosmetic defaults. Best way to estimate repairs is have an expert come in for every item you are looking to do. Also i would ask each of them a simple question; " Mr. expert thanks for coming out and giving me an opinion on X. I am going to have 2 other people come out to give estimates before i make a decision. What should i make sure to ask them about/ for and what should i make sure their estimates include so i'm comparing apples to apples?"

Thanks for the heads up

Its good to start vetting some GC's for yourself. A lot of times investors aren't willing to give their guys name out because right now good help is at a premium.  Its very hard to come by a good contractor.