All Forum Posts by: Kaustubh Johri

@Joe Cassandra - Great point. I hate to have a nagging partner especially if he does not have any experience in the trade. I suppose it really depends on the relationship you have with the lender. If he has complete faith in you and will be a silent partner, 50/50 may be a good option especially if its zero money out of your pocket.

How is Woodstock market treating you ? What kind of flips are you doing ?

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@Chad Carrodus Thanks for your reply. Which sub markets would you recommend in 75N ? I am looking for small MFU for a passive income as well as few SFH rentals that I can rehab in 1-2 years.. Lets connect offline, sending you a PM .

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I used to follow Clayton's youtube channel. Such a smooth talker with a pleasing demeanor. Sad he turned out to be the way he did. Last I heard he was in Portugal. No wonder he looks more than usual these days :)

Originally posted by @James Wise:

Originally posted by @Abunda Yoga:

I saw his content on Youtube and thought he was legit. After getting a call with his 'Fast Track with Jerry staff' they tell you you need to put your personal savings, 401k, credit cards into paying upfront for Jerry to even talk to you. That's how it works. THIS IS A SCAM. I will not fall for this - it's sad to take advantage of people like that. I'll pursue my own career, and get money from OPM never put a penny of my own into the investments.

Don't know much about Jerry Norton personally but he's been a frequent flyer on Clayton Morris's show. Anyone going on a show with Clayton Morris should be looked at with the side eye as Clayton Morris is a known worldwide as someone who's involved in real estate scams. I actually won a $7.2 Million lawsuit against Clayton.

Here is the BP thread on said lawsuit if you're curious to see the types of people Jerry Norton does business with.

Clayton Morris Loses $7.2 Million Lawsuit against HoltonWiseTV

5 Votes

@Sean Richards - I found the Gresham Park property through a wholesaler.

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Originally posted by @Sara C.:

@Michael Barnhart there are so many! It would depend on budget and goals. My favorites are the east side of Atlanta: neighborhoods like Decatur (30032), Tucker, Clarkston and Scottdale. East Atlanta neighborhoods like Gresham Park. And any developing Beltline neighborhood.

I have a house in Gresham Park that we rehabbed and had a tough time getting good offers. Eventually, rented it out. The lease ends in October. Will talk about it on Wednesday.

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Not at all. I was just comparing Midwest and Atlanta. I rehab homes. Rental is plan B if it does not sell st the right price.

Originally posted by @Michael Barnhart:

@Kaustubh Johri so what you are telling me is that you buy houses and rent them out for negative cash flow and just bank on appreciation? Seems very high risk, despite how well the market is doing.

1 Vote

Congrats @Matthew Nicklin. I am a fellow flipper / looking to be a rental property owner now. Lets connect. I would be interested in knowing more about Powder Springs. Sending you a PM..

1 Vote

Originally posted by @Jingru Sui:

@Donald C Cox

I’m in Atlanta and have been buying in Atlanta since 2014. Price definitely went up quiet a bit. It’s hard to get decent property that meets the 1% rule. I see more like 0.8%. My properties OTP are all cash flow pretty well. I guess it depends on what’s your standard of cash flow well. Since I’m local I also manage my own properties (save $$ on management) my monthly cash flow are all above $350 per month. Some properties I’ve put down more money cash flow a lot better.

Good insights !

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Originally posted by @Michael Barnhart:

I've looked at all those places and I can't seem to find anything that comes even close to the 1% rule or that cashflows decently. The homes prices are way too high for what rent is going for in those areas. Unless I planned to target extremely distressed properties. Perhaps I'm missing something?

We invest in Atlanta. 1% rule does not apply in ATL. I see that playing out in Mid west where the population has been declining. It is almost impossible getting cash flow AND appreciation. You get can either of them, not both..

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Originally posted by @Sara C.:

Hi JaVaughn! I'm an investor and realtor in Atlanta. Happy to help or refer you to the right person depending on the area. Feel free to DM me!

Sara,

Would like to connect. We are in the market to buy a few MFU..

Sending you a PM.

1 Vote

All Forum Posts by: Kaustubh Johri

Kaustubh Johri has started 24 posts and replied 178 times.

Post: Private Lender / Partner

Post: Who is investing in Atlanta ?

Post: JERRY NORTON IS A SCAM ARTIST

Post: Investor Friendly RE Agents in Atlanta

Post: Investor Friendly RE Agents in Atlanta

Post: Investor Friendly RE Agents in Atlanta

Post: Just completed my 3rd BRRRR

Post: Atlanta Vs Indianapolis

Post: Investor Friendly RE Agents in Atlanta

Post: Investor Friendly RE Agents in Atlanta