All Forum Posts by: Julian Jackson

Hey @Richie Choy, currently a Lot is going to from you from about 45k to 90k, depending on the size of the lot. Add the burnout, or whatever that is currently there... It's possible to find a property potentially for 80k, but it WILL NOT BE LIVEABLE, or even kind of. There are homes renting in English Ave for $1000-$1500. English Ave is becoming less of what it once was. Homes have recently sold as high as 250k ARV for 1500 sq ft. The issue again is there is so much speculation to the point that after you get your own numbers for rehab, the projects only make sense for a buy and hold. Like I said earlier, do yourself a favor and double the normal costs of a rehab when entering this neighborhood.

Yes, there are more than a handful of renovations currently going on in English Ave and Vine City.  Many homes are in HORRIBLE condition.  I am seeing more new construction in English Ave than Rehabs, but both are happening.  I would double you normal renovation costs for this area.

Market is changing.  In the 30310 and the 30311, where I do most of my work, the prices of good renovations are fairing quite fine.  It's the sub-par renovations, where the investors went into the situation like their S**T didn't stink is where you are seeing the price drops.  Sadly, everyone thinks their rehab is the best...  Lack of objectivity is what is causing the price drops.  Last 2 years had the investors shooting for the starts to the point that a dumpster fire would sell.  That time has past.  The price points are much higher, and people aren't willing to deal with that nonsense anymore.  Price point has changed and interest rates have changed, yet many investors are shoot for the stars...  Hence the price drops.

Thanks for the shout out @Rick Baggenstoss. Hey, @James Allen, I do a great deal of business in the areas you describe. I am a #1 Zillow Agent in the 30310 and the #1 Zillow Agent in the West End. I also get a great deal of Off Market properties.  Last post got banned due to listing my website.  Nor really sure if this post is going to survive to vetting process as well.  :-D.

My pleasure!

It's all good, clearly we have different opinions.  My mottos is you are who your friends are, so I don't look for clients looking to take my information for low low, and I don't want their friends out of my belief they want the same things.  Specializing in the West End area, and being the #1 selling agent on Zillow for the West End, has been extremely helpful in converting customers to clients.  Clients know that I have a wealth of knowledge about the area, and they seek me out.  As we all know knowledge is power!   I spend little time with customers (people who haven't signed an exclusive buyer brokerage agreement).  I spend time with clients, who sign an exclusive buyer's brokerage agreement, and a pre approved.  This is strictly for time management purposes.  My goal is to make it a win/win for all parties, but I must cover my behind.  Real Estate is a 100% commission job, and under normal circumstances, I don't get paid until the closing table.  I do wish you the best in your home search.  I am sure you will find the house that make you smile from ear to ear.

Hey Ashley, getting preapproved for a loan is the first step.  If you aren't ready to be preapproved, you aren't the best use to an agent's time.  When a customer calls me wanting to look at homes, it's the first questions I ask.  Normally, I don't show homes before seeing the pre approval.  I'm like, this ain't HGTV, Free Uber Edition.  Truth is, being a real estate agent is more about focusing of value making activities, while getting calls from individuals looking to get information for it's lowest cost, Free.99.  I am positive, if you wanted to have a paid consultation any realtor would be give you their undivided attention. In Atlanta, properties are disappearing so quickly, if you aren't ready to make the move, you aren't in the best use for the agents time.  I have listings and buyings getting homes under contract in 24 hours.  I do wish you the best in your home search!  BTW, Invest Atlanta is good if you plan on living in the same home over 10 years, if you move before that they will take out a chunk of your equity when you sell.  

I do a good amount of work in the West End and the Westview area.  We just had an investor purchase a property, dismantle a property to the point that there was only the outer frame, and was left out to the elements, with improper permits.  This is a HUGE NO NO anywhere, especially in an Historic District!  Investors, don't go into these situations alone.  Hire a knowledgeable agent that knows about the area, and can walk you through the process.  . It would save you from the attack the neighborhood will put on you. (Calling code violations on you, stop work orders, etc)

There is a lot of things going on in all the communities you mentioned  Adair Park, Capital View, Oakland City and the West End are all changing for the better.  There is crime everywhere.  I don't see people talking about crime when they talk about VAHI and Kirkwood, and East Lake, and Renoldstown.  They have people steeling tires off the cars, gunshots in the middle of the night, but SW ATL gets the crime badge.  Now about Vine City, that area has issues, but I see it making a change.  I would like to help get to the solution.