All Forum Posts by: Josh Bowser

Hey @Shanece Adams - I would pull a list of all the property addresses that meet your criteria and skip trace for numbers and emails. Prop stream can do this for residential, but I have had to resort to other methods for certain types of commercial properties.  

I would cold call if I were you. If you don't want to cold call, you can hire someone to do it for you. I do not have much experience with cold emails so no help there.

Concurrently, you need to find high quality cash buyers in your market (folks that can close). You can probably source enough to get started on BP just by DMing people (investors/investor agents) that are frequent posters in a particular market.

Hey Jamal - can you house hack it? That would be the most straight forward way to acquire it with 5% down. With rates, rents, and purchase price I think you will have a hard time making your PITI + Hoa anything less than 20-25% down

 @Ben I had the exact same thoughts. Decatur checks the boxes for affordability, proximity to the 'fun', growth, and safety (neighborhood definitely matters here though)

Hey Christopher - sounds like you're in a great position to get started!

I have a few things in mind that may be good options for you - I will reach out in the DMs

Hey Keith - we are still seeing lots of deal flow in Atlanta, but it is still pretty competitive at and below median home prices with no end in sight for demand.

Let me know if you have any questions - happy to chat!

Hey Mike - glad to hear you are in a great position financially!

Traditional BRRRR deals into a LTR that will cash flow on the refi in the ATL metro are fairly hard to come by. This is just a function of prices, interest rates, and rents. You can make these BRRRR deals work outside of the metro if you are willing to go into some of the ATL Tertiaries (some are growing very quickly for this reason).

We have seen the rent by the room strategy work well inside the metro for solid cashflow after the refi via the padsplit platform.

Feel free to reach out if you're looking to put some money to work in ATL

Hey Rakesh - you're not missing anything and pretty much correct. 

There really isn't anything these days that is meeting the 1% rule for residential LTRs in the ATL metro. 

I am seeing the 1% rule (or at least close to 1%) in Georgia markets such as Cartersville, Macon, Warner Robins, La Grange ect. You really need to go greater than 30-40 miles outside of ATL to hit these numbers on the MLS. However, there are a few off market deals that get passed around close to the 1% rule within the metro, but these are typically heavy value add.

We spoke the other day about the rent by the room strategy - this is the only place we are seeing solid cashflow within the metro at this moment.

BP - Looking to get in contact with a few property managers that manage MHPs in Houston County, Ga.

Thanks in advance!

Hey Djelika - this post is a good start! Here are a few suggestions:

1. Look at cash sales in the last year on zillow and redfin, then skip trace the buyer

2. Spend a few hours looking at BP posts of folks looking for wholesalers to partner with in ATL

3. Find listings of newly rennovated properties that have clearly been flipped, then contact the RE agent

4. Anyone that you talk to above - try to go meet them in person! 

@Jonathan Riordan - are you going through a GC or directly to a sub? 

If they do a good job and can do it quickly for less than $5k, that's probably fair. However, I lean towards "I want it done fast and well" and I am willing to pay a little more