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All Forum Posts by: Jessica Sulliman

Jessica Sulliman has started 11 posts and replied 21 times.

Post: AZ Property Not Producing (ADVICE PLEASE)

Jessica SullimanPosted
  • Real Estate Broker
  • Silverdale, WA
  • Posts 40
  • Votes 6

@Nik Krohn Maricopa is saturated. There are also certain 'hoods that are much more challenging than others in Maricopa. Please tell me you are not in Maricopa Meadows! My investors that buy there are typically flippers. It is also a risky market to be in, should the market tank overnight. 

To sell quickly in Maricopa, it is best to either have a property that is a shining jewel that really stands out with modern finishes and can compete with the new builds, or a dirt cheap dog to sell to flippers.....Otherwise you will be swimming in a sea of mediocre homes. Remember, Your primary target market in that area are vacation home buyers and first time homebuyers....and in that area some prison but lots of casino employees. There are vacation home buyers who would like to buy now even though they don't plan to use the home much for a few years, so having a tenant in place may be attractive to them. They are likely to pay fair market value for the home and not expect a strong return on rents. Unfortunately, with the tenant in place, selling to an owner occupied buyer is not an option unless you offer your tenant a cash incentive to break the lease. Talk to the tenant about buying first, however, and let him know you would be willing to help pay his closing costs at a fair price. There are low down payment/zero down programs available. My experience with first time buyers is that most are cash strapped, so the less out of pocket they need to move in to your home the more appealing it will be. Offering a fully landscaped back yard, a one year home warranty & a full suite of shiny stainless appliances plus washer & dryer included help attract first time buyers tremendously. Perhaps there are some other minor things that could be done to increase the ARV and make it 'pop' so that you can sell at max value? Painting cabinets white, adding a backsplash, granite ctops, etc. I call it getting your home HGTV ready ;-)

Let me know if you need a full market analysis based on different scenarios.  

Post: NEED 5 ATLANTA SFR'S RENT READY UNDER 45K FOR CASH BUYER

Jessica SullimanPosted
  • Real Estate Broker
  • Silverdale, WA
  • Posts 40
  • Votes 6

I need at least 5 Georgia SINGLE FAMILY homes that are already or can be rent ready for 45k max ALL IN to buyer, and they need to rent for $850+ per month and he will buy all 5. There is potential for a purchase of 8 to 10 properties total. #GA, Prefer #Atlanta, #Decatur, #Stone Mountain, #Lithonia, #Forest Park, #Rex, #Riverdale, #Union City, #Jonesboro. 

Text 602-677-7977, [email protected]

NO DAISY CHAINS, DIRECT SELLERS ONLY

Post: SFR Wholesale in Jonesboro, GA

Jessica SullimanPosted
  • Real Estate Broker
  • Silverdale, WA
  • Posts 40
  • Votes 6

Vacant. 

Post: Wholesale in the ATL

Jessica SullimanPosted
  • Real Estate Broker
  • Silverdale, WA
  • Posts 40
  • Votes 6

        Built in 1968. Estimated repair costs: $15,000

          Other properties available:

          1695 Lisbon Dr SW Atlanta, Ga 30310

          • Perkson Park properties
          • 3Ba 1 Br
          • sqft: 962
          • year Built: 1950
          • Type: condo
          • rent: 650 tenant occupied
          • Asking Price: 37.5k

          1743 cahoon st sw Atlanta Ga 30310

        • 2Br 1 Ba
        • sqft:700
        • built:1950
        • type:condo
        • rent:525 tenant occupied
        • Asking price: 37.5k 
        • 2592 Habersham Dr, Decatur GA 30032

        • $84,990
        • 1 acre Lot can be subdivided into 5 lots and *BONUS* it already comes with one property on the lot
        • Only serious offers will be considered

Post: Cash Flow Condo in the ATL

Jessica SullimanPosted
  • Real Estate Broker
  • Silverdale, WA
  • Posts 40
  • Votes 6

          Other properties available:

          1695 Lisbon Dr SW Atlanta, Ga 30310

          • Perkson Park properties
          • 3Ba 1 Br
          • sqft: 962
          • year Built: 1950
          • Type: condo
          • rent: 650 tenant occupied
          • Asking Price: 37.5k

          2017 Grange dr se Atlanta Ga 30315

          • Single-Family Home
          • 3 Bedrooms
          • 1 full Bathroom
          • 900 sqft
          • Lot size: 9,453 sqft
          • Built in 1968
          • Repair cost: 15k
          • Asking price: 23.5k

          2592 Habersham Dr, Decatur GA 30032

          $84,990

            1 acre Lot can be subdivided into 5 lots and *BONUS* it already comes with one property on the lot

            Only serious offers will be considered

            [email protected] or

            text 602-677-7977

Post: Cash Flow Condo in the ATL

Jessica SullimanPosted
  • Real Estate Broker
  • Silverdale, WA
  • Posts 40
  • Votes 6

Other properties available:

1743 Cahoon ST SW Atlanta Ga 30310

2Br 1 Ba

sqft:700

built:1950

type: condo

rent: $525 tenant occupied

Asking price: 37.5k

2017 Grange dr se Atlanta Ga 30315

  • Single-Family Home
  • 3 Bedrooms
  • 1 full Bathroom
  • 900 sqft
  • Lot size: 9,453 sqft
  • Built in 1968
  • Repair cost: 15k
  • Asking price: 23.5k

$84,990

2592 Habersham Dr

Decatur GA 30032

1 acre Lot can be subdivided into 5 lots and *BONUS* it already comes with one property on the lot

Only serious offers will be considered

[email protected] or text 602-677-7977

Post: Atlanta Area Wholesale Deals

Jessica SullimanPosted
  • Real Estate Broker
  • Silverdale, WA
  • Posts 40
  • Votes 6

1695 Lisbon Dr SW Atlanta, Ga 30310

Perkson Park properties

3Ba 1 Br

sqft: 962

year Built: 1950

Type: condo

rent: 650 tenant occupied

Asking Price: 37.5k

1743 Cahoon ST SW Atlanta Ga 30310

2Br 1 Ba

sqft:700

built:1950

type: condo

rent: $525 tenant occupied

Asking price: 37.5k

2017 Grange dr se Atlanta Ga 30315

  • Single-Family Home
  • 3 Bedrooms
  • 1 full Bathroom
  • 900 sqft
  • Lot size: 9,453 sqft
  • Built in 1968
  • Repair cost: 15k
  • Asking price: 23.5k

$84,990

2592 Habersham Dr

Decatur GA 30032

1 acre Lot can be subdivided into 5 lots and *BONUS* it already comes with one property on the lot

Only serious offers will be considered

[email protected] or text 602-677-7977

Post: Atlanta area wholesale

Jessica SullimanPosted
  • Real Estate Broker
  • Silverdale, WA
  • Posts 40
  • Votes 6

$84,990

2592 Habersham Dr 

Decatur GA 30032

1 acre Lot can be subdivided into 5 lots and *BONUS* it already comes with one property on the lot 

Only serious offers will be considered

[email protected] or text 602-677-7977

Post: Want to shadow or looking for someone to team up with

Jessica SullimanPosted
  • Real Estate Broker
  • Silverdale, WA
  • Posts 40
  • Votes 6
Dennis Boboc is your Man!! Go learn from the best!

Post: Listing Agent Fees

Jessica SullimanPosted
  • Real Estate Broker
  • Silverdale, WA
  • Posts 40
  • Votes 6

I feel compelled to remind everyone here that, in the end, this is a relationship business. If you are just looking to get your listing in the MLS for as little as possible for one deal, then by all means, go to a limited service company/scenario. To the agent above who said that the properties sell themselves, shame on you! Sometimes, this is the case in certain markets, however, it is rare in a 'normal' market that every deal goes by seamlessly without any agent knowledge and experience required. Remember, you are at an advantage. You don't need to pay for full service because of your background. Not every investor has the knowledge and experience that you do as an agent and flipper.

With that being said....Personally, I go above and beyond for my loyal investors that buy and list with me.  I am also a wholesaler, so I always bring them deals first when I find them. Many of them are out state or the immediate area, and I am their boots on the ground.  If I bring them the deal, I always go to the investors first who will list it with me on the back end. I am their go to consultant, including viewing properties on their behalf and running comps whenever they ask, guiding them on other deals that I am not involved in and ultimately being their one stop AZ shop, regardless if I will have anything to do with the purchase or sale of the property. For a select few of my investors that are out of state, I manage everything from start to finish, including the remodel. I always treat the deal as if it were my own, with their best interest and profit at top of mind....because I know that if they keep making money, they keep investing with me.  It's very simple. I understand that not every deal will have room to pay me a full commission on the listing side, and some deals I take a cut depending on what's involved and required.  At the end of the day, though, for investors and wholesalers that are not fly by night, their time is valuable and better spent doing other things that generate more income as opposed to trying to do it all, including my job.  

Do you also file your own taxes and represent yourself in court? For those of us who are true professionals and provide a valuable service and are good at what we do, pay us to do it better than you will so that you can focus your time and energy on what you are good at. It's generally not just about one listing or one property and "just getting the property in MLS". Selling a home is not rocket science, however, that percent that you try to save on listing commission might have been earned back ten fold on price if the property is marketed properly, or on the buyer's appraisal when the savvy agent meets with the appraiser and makes certain the appraiser understands the true value of the home and comps in the area.....or you might save it just with negotiated repairs.

At the end of the day, if I only need to provide a limited service, I am absolutely fine with reducing my listing side commission when necessary....though it is rare that this is the case because most of my relationships are with investors who recognize the value that I bring to the table and are willing to pay for it. 

Remember, you typically get what you pay for.