All Forum Posts by: Johnna Lodge

Thanks Dan!

Martin, I am interested in touching base. Here in GA. Interested in TX too.

yes. you can reach out to me. I asked to reach out to other people in tax deeds and was removed stated that I was self promoting for asking a question for others to reach out to me in regards to tax deeds.

 A land trust can be very helpful. When you learn this you won't need an attorney. You may need an attorney to look over your paperwork for your state to make sure it is compliant..but you can put a property in a trust without an attorney. There are many twists and turns in regards to understanding a trust and it's function.  It is important to get this aspect under your belt. It helps with anonymity of who owns the property, and asset protection.   I use trusts also for properties I take subject to. 
 

It is important to get detailed information and follow up with it. The first one is the scariest to do. One ( I have taken a few..it is that important and that detailed)  of the land trust classes I attended the pages were already filled out on the samples and then I had the document in word doc file which is what  I used to replicate each one. Get a good land trust class under your belt. It is too much information to do it on your own. You really need a class and then you need the documents that you fill out when you are ready to take over a property and put in a trust.

You don't get penalized by IRS on how you hold title..You get tax credits based on income in and out of a property. A savvy bookkeeper and CPA are worth their weight in gold.

I know this is an old thread but i wanted to respond. If you find a seller that is attempting to sell but cannot offer owner financing. You never have to speak about interest. I have bought properties with owner finance and never paid interest. I never brought it up and neither did they. I told them what I could pay monthly and they were okay with that. Easy Peasy.

• Only $88,000.00

2514 Dawn Drive Decatur GA 30032 (Please Do Not Park Near or Approach or Disturb Tenants)

5 bed 3 bath mostly Finished Basement, 2 Car Garage, Privacy Fenced Back Yard

1,764 sq ft Built 1961

Highland Park Subdivision

Roof 4 years old, New Hot Water Heater, Heater and Air Conditioner a little more than 3 years old,

Property is on Sewer.

This is a great house in an up and coming area in Decatur GA 30032. Right off of Tilson.

As mentioned this is a twofer property:

1) Receive Rent Keep Tenant at $1050 a month (2nd renewal with this tenant) Lease Expires Dec 2016. Landlord could get more for property without Dekalb County Housing Authority (HADC)- With/ 4 bedrooms rent for $1406. and 5 bedrooms rent for $1617. a month per HADC Payment Standards in 2015.

2) Once Tenant's lease is up, renovate property and sell for over $160K+ Dec 2016 if not sooner.

Minor Renovations. Needs:

You may want to add an extension tank on Hot Water Heater to be up to code, Secure Fence placed around Patio or remove it. Replace a few ceramic tiles for the kitchen near exterior threshold, but tenant seems to be at ease as is. Fix gutters and add drains to take water away from house from downspouts .

Monthly Rent $1050.

Rents x 12 months $12,600.

2015 Taxes $1,575.

Insurance Estimate $700.

Property Mgt 9%: 945.00

Net Annual Cash $9,380.

Comparable Sales .5 Mi Radius

266 Starline Dr 4/2.5 1955 sq ft $144K 2/2016 1955

2356 Dawn Dr 3/2 1807 sq ft $139K 11/2015 1961

2398 Parkland Dr 4/2 1694 sq ft $136K 10/15 1964

Close to Tilson Road and Mark Trail Recreation Center.

Schools

McNair Elementary

McNair Middle

McNair High

Johnna Lodge is a licensed agent in the state of Georgia. She is not representing buyer. 201212.

Call to Schedule Appointment to View. Call Johnna directly 678 758 0982.

Make $42K in Marietta Cobb County GA

Please see more info on web link

http://conta.cc/1WBQaR2

Thanks,

Johnna

This property is in HOT!! area of Cobb with sold houses averaging which is 14 days on market. Sales Prices are trending up!!!

Property is in West Cobb off Hicks Road. The comps are based on actual schools that this property is located in. In same area with other elementary and middle schools values are higher in less than a block away. Average sales is $190k in this school area. If your quality of rehab is superior then there $200K could be attainable depending on how you renovate. Some of the solds and pending sales are using basement square footage. Total Square footage would be 2,450.

Property is a 3 bed 1 bath. Renovation would be to convert to 4/2 bath upstairs and a complete in law suite downstairs: bedroom, bath, kitchen and bedroom. After completion would be a 5/3 bath house. Huge Detached Two Car Garage. Fenced Yard. 2,450 sq ft

Pendings:

2960 Favor Rd SW 4 bed 3bth 3,563 (bsmnt sq ft) $199K

3281 Wildwood Dr 3 bed 2 bth 1695 sq ft $223,500.

Solds:

3252 Clearview Dr 3 bed 2 bth 1,325 sq ft 1968 $200K 4/2015

516 SmyrnaPowderSprings 6bed 2 bath 2880 (used bsmnt) 1972 $160K 7/2015

1106 Amelia Dr SW 4 bed 3 bath 2048 (used bsmnt) 1966 $169K 3/2015

Schools: Birney Elementary, Floyd Middle and Osborn High School

Agent/Owner will be conveying property to new Owner.

Agents: supra lockbox is on metal railing.

Johnna Lodge is a licensed real estate agent in the state of Georgia. She is not representing the buyer. She is acting as principal only. #201212.

This is a great property with minimum rehab and can make into a 4th bedroom for extra monthly cash flow. Most of the work has been done for you! Do a little work and cash flow!

3 Bed 2 Bath 1436 Sq Ft Decatur GA 30032 only $65,000.00

http://conta.cc/1M7JxmE

I'll be there..thanks!

Johnna