All Forum Posts by: Kevin Barker

My intent is definitely not to market property but to see how I could make a profit from the deal if possible.

Rather not disclose until under contract...but it's in a good area.

Not listed yet. Only 14 vacancies. 20 minutes from Atlanta

I am a newbie which has run across a great business contact. He has access to some great foreclosed Fannie Mae apartment complexes. I have been purchasing single family homes but soon would like to get into Multi family. I have mentioned I am interested in the complex just to look at the deal and gain experience. I would like to figure out a way to profit from the deal . Is there a way to assign a commercial property from Fannie Mae?

I build one a few years back when I was working with my dad in Valdosta, Ga. The name of the facility is Fellowship Home. It only had about 30 units and was around 15000 sf. It had common areas, kitchen and dining areas for the tenants. Cost depends on so many things but you could build one for around $120 to $150 easy. You could look at the one we built on www.scbarkerconstruction.com under portfolio - medical and also under Interiors. 300 is huge by the way!

I am a newbie that has recently started purchasing sfh's in the Atlanta Ga area. I was fortunate to start my business with cash and have purchased 15 homes in the last 4 months. I started out running with not much help and understanding of creative financing. My intent was to flip enough properties to support my family and also buy and hold. Well finding qualified buyers in the areas I have purchased is more difficult than I thought it would be. I am now cashed out and currently marketing my homes as lease purchases. I am doing short term lease purchases but would like to find some private money on a short term basis. Hard money lenders are to expensive considering I am only doing 6 mo lease purchase contracts. I need help finding out how to market to these individuals, also how to present different roi scenarios for the private lender and contracts. Any information would be greatly appreciated.