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All Forum Posts by: Ken Reed

Ken Reed has started 25 posts and replied 66 times.

Post: Kirkwood Fix n' Flip

Ken ReedPosted
  • Investor
  • Smyrna, GA
  • Posts 75
  • Votes 12


Property Specifications

38 Wyman St. NE, Atlanta, GA 3031
(Click Image for Video Walk-through)
Click Here for pictures
2 Beds/1 Bath
1,130 SqFt/appraisal (7,159 Sqft lot)
Taxes: $253 (2016)
Access: Vacant on a lock box, call/text/email for code. Property is on alarm as well. Call for access.


Quick thought
This 2/1 is the perfect home for a sqft addition. Making this home ~ 2000sq/ft should allow you to net ~500k ARV. There are multiple 500k place renovations within -.25mi and two 600k plus renovations on the same street.

Numbers
Cash Price: $265,250 Cash
110-125k if you are adding sq footage for top dollar. 220k+ if you are doing new construction.

ARV-
Add sq ft- 490-520k
New Construction- 600k-650k ( see comps, new construction within 0.25mi 600-650k
Make me an offer.
Terms- 5k non-refundable EMD due at time of contract acceptance.
We own this one and will be listing on MLS. Get it below list price by acting today!
Comps
Click Here


Do you have a specific request?
Reply to this email with your buying criteria!

Got questions?
I have answers. Feel free to contact me.

Ken Reed, Investor
404-487-8823

Please note: all estimates and assumptions are not a guarantee for the performance of the investment. Please note all properties advertised are properties we either own, or have equitable interest in. Buyers are responsible for conducting their own due diligence. Agents/wholesalers add your commission/fees on top of price.

Post: Nearly complete new construction near grant park w/120k+ G profit

Ken ReedPosted
  • Investor
  • Smyrna, GA
  • Posts 75
  • Votes 12
Peoplestown Special!

Property Specifications

975 Grant Terrace SE, Atlanta, GA 30315
2,475 Sqft house
4,800 Sqft lot
PICS
Quick thought
The hard work is already completed, come in and finish this project. This project has over 100k+ profit for the right investor. Home currently needs exterior trim and paint. You will need to pass framing(most is already complete) and insulation inspection. Then just add your custom finishes and sell for a huge profit. This is a perfect opportunity within walking distance to Grant Park! This property is ready to go. Plans are available upon request for serious buyers!

Numbers
Cash Price: $270,000 Cash, make me an offer!
Rehab- 100-110k
ARV- 500k could push this to ~530K if you decide to sell in the spring 2018.
Profit- 100-130k+
Terms- 5k non-refudable EMD due at time of contract acceptance.

Comps
Click Here
Ken Reed, Investor
[email protected]
404-487-8823

Post: Perfect 4 sided brick 3/2 rental, with minimal repairs needed

Ken ReedPosted
  • Investor
  • Smyrna, GA
  • Posts 75
  • Votes 12
Perfect 4 sided brick 3/2 rental, with minimal repairs needed.

Property Specifications

1253 Flat Shoals Rd, Atlanta, GA 30349
(Click Image for Video Walk-through)
Click Here for pictures
3 Beds/2 Bath
1,639 SqFt (18,489 Sqft lot)
Taxes $1180
Built in 1968
Access: Vacant Call/text/email for lockbox info.


Quick thought
Here is a perfect 3/2 buy n hold in Clayton county. This 3/2 sits on a large lot and is surrounded by commercial property. With very minimal repairs ( some gutter and fascia work, appliances, replace a few windows, 2 new toilets, some drywall work, needs new condenser). Owner states he recently completed plumbing on the house within last 5yrs. Roof does not have any active leaks but is approaching end of its expected life span.


Numbers
Cash Price: $56,700 Cash
Repairs ~10k.
Rents- 1000-1200/mo
ARV- 80-85k
Make me an offer.
Terms- 3k non-refudable EMD due at time of contract acceptance. close in 10-14 days

Rental Comps
Click Here

Post: Master Vendor list - Indianapolis

Ken ReedPosted
  • Investor
  • Smyrna, GA
  • Posts 75
  • Votes 12

@Lane Kawaoka  Hello Lane,  would you be willing to share this atlanta list?  I have a rental in the area and I am looking to add more.  Let me know how I can help you as well

Hello,

I am currently working on a deal where the seller has agreed to sign over their property subject to the existing mortgage.  The seller has a property where the tenant just moved and no longer wants the property.  He is willing to allow my company to take over the title subject to his existing mortgage that is $418/mo current balance of 24k and matures in 2yrs at which time the mortgage would need to be paid off and the seller would like to collect 10k profit from the deal.  House is worth ~45-50k.  I prefer not to pay cash now and would rather take over w. existing financing in place and refi out in 1-2yrs.   The house needs minimal work ~1500 cleanup and 1 window replacement.  Current market rents are 750-800/mo.  I am looking for someone who can recommend an attorney or help from an experienced investor in GA that is familiar with structuring such a type of deal.  

Post: Calling Atl Flippers Rare East Atl Opportunity w/ Nice Profit!

Ken ReedPosted
  • Investor
  • Smyrna, GA
  • Posts 75
  • Votes 12
Ormewood Park Gem w/ 60k+ profit potential after financing & closing cost!

Property Specifications

1117 Sanders Ave Se, Atlanta, GA 30316
(Click Image for Video Walk-through)
Click Here for pictures
3 Beds/2 Bath ( easily convert to 4/3 or 4/2.5)
2,212 SqFt (7000 Sqft corner lot)
Taxes $3208
Built in 1920
Vacant access will be put on lockbox soon email/text for access info


Quick thought
Rare opportunity to get into smoking hot east Atlanta with a house that is already >2,000sqft. Ormewood park is on fire with new construction projects selling for >600k w/n 0.3mi. This house does not require any additions saving time and rehab $. Convert this home into a 4/2.5 to command top dollar.

Numbers
Cash Price: $249,900 asking
Repairs ~90-110k
ARV- 475k+
Make me an offer.
Terms- 3k Non-refundable EMD due at time of contract acceptance, fast closing

Comps. All <0.5mi
1081 Sanders Avenue Se 3/2 ( new construction) $599k- 10/16
1028 Sanders Avenue Se 3/2.5 1,725sqft $449k- 9/16 2 DOM!!
502 Glenwood Place SE 5/3 3,069sqft $550k- 5/17 1 DOM!!
1087 Glenwood Avenue 3/2 1,816sqft ( not a flip) $429k- 8/17 13 DOM

Do you have a specific request?
Reply to this email with your buying criteria!

Got questions?
I have answers. Feel free to contact me.

By the way...
Have capital and looking to JV? That's something we can do too. We have several new build and renovations that we're doing in Atlanta and we're open to partnership opportunities. Want to be part of my lender network? Reply to this email and I'll send you a whitepaper!

Join our buyers list by CLICKING HERE

Ken Reed, Investor
[email protected]
404-487-8823

Please note: all estimates and assumptions are not a guarantee for the performance of the investment. Please note all properties advertised are properties we either own, or have equitable interest in. Buyers are responsible for conducting their own due diligence. Agents add your commission, wholesalers bring your buyers let's work together. 

Post: Two great deals. One for landlords, one for developers

Ken ReedPosted
  • Investor
  • Smyrna, GA
  • Posts 75
  • Votes 12

@Kyle Wells it is currently available. Feel free to email me if you are interested. 

Post: Two great deals. One for landlords, one for developers

Ken ReedPosted
  • Investor
  • Smyrna, GA
  • Posts 75
  • Votes 12
Hello Investors, Buy one or both of these great deals! Calling developers and buy/hold investors.

Property Specifications

2778 Harlan Dr. East Point, GA 30344
Click Here for pictures
2 Bed/1 Bath
960 SqFt
Built in 1940
Tenant Occupied drive by only. Do not disturb tenant! Access during DD only!


Quick thought
This home is within 0.1mi of smoking hot Jefferson park area with 3/2 renovations selling in to the low 200's! This is a great starter or addition to any portfolio. The tenant has been in place for over 17 years. New roof installed 2016. Tenant is on a month to month lease. You can keep the tenant while values climb in River park w/ 3/2 homes already selling in low 120's. Or you can ask the tenant to vacate do small renovation and rent for market rents of ~$800-950/mo. Then renovate in a couple years to flip for big profits!

Numbers
Cash Price: $38,750 Asking
Title Clear Ready to Close! Make me an offer!
Rents- Current 17yr+ tenant paying $555/mo
Market rents- $800 for 2bd, $950 for 3bd.

Want to buy it? Interested in a JV opportunity?
Click here to make an offer. Bring all offers! Have capital, but not the expertise to manage, let's talk and work out a JV deal.


Deal #2


Property Specifications

755 Martin St SE, Atlanta, GA 30315
(Click Image for Video Walk-through)
Click Here for pictures
Click Here for Survey

1 Bed/1 Bath
651 SqFt
Lot 2,500 Sqft
Built in 1920
Vacant access is by lockbox email/text for code


Quick thought
Inside of the home features 10ft ceilings, you can either add ~1,200sq ft by extending the existing footprint and adding a second floor or tear down and build new. This home overlooks phoenix park and is minutes from Grant park. New construction in this area sells for 500-550k. Your smaller modern should easily fetch 400-450k.

Numbers
Cash Price: $98,500 OBO ( price reduced)
Title Clear Ready to Close! Make me an offer!
Rehab - 160k ( 150k for build, 10k in permits)
Arv- 400-450k

Want to buy it?
Click here to make an offer. Bring all offers! Have capital but not the expertise to build, let's talk and work out a JV deal. My team has built several New construction projects throughout Atlanta.


Do you have a specific request?
Reply to this email with your buying criteria!

Got questions?
I have answers. Feel free to contact me.

By the way...
Have capital and looking to JV? That's something we can do too. We have several new build and renovations that we're doing in Atlanta and we're open to partnership opportunities. Want to be part of my lender network? Reply to this email and I'll send you a whitepaper!

Ken Reed, Investor
[email protected]
404-487-8823

Please note: all estimates and assumptions are not a guarantee for the performance of the investment. Buyers are responsible for conducting their own due diligence. Property is either a property we own or we are marketing our assignable rights to contract we have on the property. Agents add your commission, wholesalers bring your buyers let's work together.

Post: Venetian Hills Flip with multiple exits

Ken ReedPosted
  • Investor
  • Smyrna, GA
  • Posts 75
  • Votes 12
Bring this Venetian Hills home back to life!

Property Specifications

1432 Elizabeth Ave.SW Atlanta, GA 30310
(Click Image for Video Walk-through)
Click Here for pictures
2 Beds/1 Bath ( can easily be converted to 3/1 or 3/2 with front and back porch foundations already laid)
725 SqFt (Huge 10,000sqft lot)
Taxes $382
Built in 1950
Vacant access is by lockbox email/text for code


Quick thought
House has good bones, but needs a complete gut renovation. Venetian hills area is catching fire. Now is the time to get in. You can buy this, then renovate and keep for a buy n hold for a 1-2 years and then sell for large profits. Or do your complete renovation and sell for 130-140k retail.

Numbers
Cash Price: $38,400 OBO
MUST BE ABLE TO CLOSE FAST 10D or LESS!

Repairs ~30k for rental ~75k for Retail
ARV- 125-140k
Comps all within 0.5mi
1379 Aniwaka Avenue SW 3/2 $144,500 11/02/16
1404 Lockwood Drive SW 3/2 $139,500 05/05/17
1378 Lockhaven Circle 3/2 $139,000 02/27/17
1309 Lockhaven Circle SW 3/2 $133,000 10/12/16
1316 Kenilworth Drive SW 3/2 $128,000 05/31/17
1385 Kenilworth Drive SW 3/2 $125,000 02/24/17
$925/mo Rent for 3/1 & $800-825 for 2/1
Make me an offer. 
Click here to make an offer. Bring all offers!

Do you have a specific request?
Reply to this email with your buying criteria!

Got questions?
I have answers. Feel free to contact me.

By the way...
Have capital and looking to JV? That's something we can do too. We have several new build and renovations that we're doing in Atlanta and we're open to partnership opportunities. Want to be part of my lender network? Reply to this email and I'll send you a whitepaper!

Ken Reed, Investor
info@cashsalequickclose.com
678-561-4458

Please note: all estimates and assumptions are not a guarantee for the performance of the investment. This property may be a property we own or a property we are selling our assignable rights. Buyers are responsible for conducting their own due diligence. Agents add your commission, wholesalers bring your buyers let's work together. 

Post: Calling All Developers!! CHEAP LOT IN PRIME SUMMERHILL, ATL!!!

Ken ReedPosted
  • Investor
  • Smyrna, GA
  • Posts 75
  • Votes 12

@Chris Kelly the guy i was helping to sell this one ended up keeping it and is trying to acquire the lot behind it to build.  We currently have a lot available if you are interested.  https://www.biggerpockets.com/forums/517/topics/44...  

some flexibility on price as well.