All Forum Posts by: Kalim Kalla

Indeed Grove Park is a solid neighborhood in the zipcode to do some flips in there area couple multifamily pockets that are slam dunks when it comes to BRRRR deals. After the recent moratorium there has been an increase in demand for 30318. We just closed on 5 deals there last month. Good place to search for deals I would say you should drive through the pockets and see where you want to do work. Get a good figure/ grasp on the amount it would take to rehab the properties in those areas and then get an understanding of what drives ARV's and some comps you like. Shoot for the ones you like and are comfortable with Achieving and go after some deals in the area whether it be from a wholesaler or finding the deal yourself. We continuously find around 4 deals in Grove Park every month- so theres definitely enough supply in the pocket if you are trying to do business! Hope this helps- was trying to be as real and brief as possible.

You're pretty on your way with 2 under the belt already, on the FMLS it is hard. I would consider looking for rentals in older neighborhoods in order to get an add value opportunity where you could have some sweat equity in the rental. This is commonly referred to as a BRRRR deal. A lot of these opportunities you will find off market and they will need some repairs, but when you rehab and refinance these homes you can cashflow amazingly well. I just had an investor buy a deal from me that was cash flowing at 66% CoC return given it needed a significant amount of work there was a lot of equity that they had in the deal after repairs and after a refinance they were cash flowing very well. I hope this helps your outlook on strategies in Atlanta. Areas to look out for-in and around Grove Park, 30331, Stone Mountain, Lithonia, Smyrna, South OTP.

Hey Linda, Indeed it is crazy in Atlanta right now. The biggest thing that helps is building relationships with people who have the access to the deals that you are not seeing on the market. What we are seeing is a lot on influx from California and New York. These buyers will willingly pay more just to be able to relocate and  invest OOS to find opportunities better than their home states. I would be happy to help in any way possible feel free to reach out at anytime! The relationships with people that actually have deals with concrete numbers vs everyone in the market going highest and best is much more beneficial when doing business with fix & flip. 

House Hacking meaning Live in one section of the house or the main unit of the home and rent out the in-law suite or the basement or a section of the home that is a bit more disconnected from your primary area in order to get some cashflow towards mortgage payments or so.  

Hey Erika, I have a really good relationship with a astute investor in Atlanta that works with rental properties and has a couple Turnkey options he has completed rehabbing recently. I am positive he would be happy to connect with you to see if what he currently has would be a good fit for you. Last I spoke with him he had a solid small multifamily opportunity he was busy with (Super rare in Atlanta) @Tyler Evans

Hey Anthony, I have pretty limited experience in this space but will provide the knowledge that I have. I have a couple investors that use Airbnb as a strategy but look for distressed properties in order to build out the multiple units or separated spaces/ bedrooms from the get go vs purchasing turnkey and then going back to add an additional unit. All in all I have heard great things from them when it comes to cashflow as well as from the build out on the get go. Most of these happen using Hard Money lenders and then Refinance out of the property in order to get a true Cashflowing property. From my understanding one of the most important aspects is having a property manager to manage the middle ground between new STR tenants. Hope this helps. Feel free to reach out to see what some of these distressed properties I have provided and continue to provide in Atlanta looks like form

Kalim Kalla 

Skystone Acquisitions

Hey Justin, Feel free to shoot me a direct message. I have not been able to get in touch for the past month. I would be happy to share any knowledge and experience I have about the Atlanta area with you.

Hey Craig, as a whole east point is an awesome area to invest in IF you can find the right opportunity with comps to support the area. That pocket you have identified is a solid pocket I would be happy to give you a rundown of a couple solid deals we have found in the recent months in East Point. Feel free to shoot me a message and I would be happy to break them down!

 Hey Rachel, Happy to answer any of your questions. Feel free to reach out. I have been involved in Wholesaling in the Atlanta market for around 9 months!

Hey Mike, Pleasure to connect. I Love the safety and Due diligence tips on your end. I must add that none of the reviews are fake or 3rd party contracted. Each individual review is done by our investors that we have serviced. Give them a ready and I think you would be touched by the amount of detail and the extent that they go to make sure investors like themselves are in the right hands- especially in todays market.