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All Forum Posts by: Luke MacDonald

Luke MacDonald has started 30 posts and replied 46 times.

Post: Institutional buyers looking in Metro Atlanta

Luke MacDonaldPosted
  • Real Estate Agent
  • Atlanta, GA
  • Posts 48
  • Votes 9

All,

My brokerage and I represent multiple different institutional buyers who are looking for properties in the Metro Atlanta area. Their main strategies are to buy and hold, but will consider flips too. They are presenting extremely competitive offers and can close quickly. If you have anything with the following traits, please PM me info. They will buy large portfolios just as often as one-off houses. 

- 3/2 or larger

- Has carport or garage

- Not in a flood plain

- On public sewer

- Off of a main road

Feel free to reach out directly with more info!

404-518-2427

Post: Tons of buy and hold deals CRUSHING the 1% rule in Atlanta

Luke MacDonaldPosted
  • Real Estate Agent
  • Atlanta, GA
  • Posts 48
  • Votes 9

All,

I am coming across a lot of GREAT by and hold deals in the Atlanta area. I work with a couple different hedge funds that are consistently buying and offloading properties. A lot of these homes also make very good sense for the every day investor. As of now, I have access to many on and off market portfolios, and individual SFR's in and around the Atlanta area.

Give me a call if interested in some deals returning at and above the 1% rule.

404-518-2427

Post: New Atlanta Investor w/ Great off Marker Leads. Partners/buyers

Luke MacDonaldPosted
  • Real Estate Agent
  • Atlanta, GA
  • Posts 48
  • Votes 9

Hey Leland,

I have many clients looking. Feel free to reach out!

404-518-2427

Post: First-time investor looking for Out-of-state turnkey

Luke MacDonaldPosted
  • Real Estate Agent
  • Atlanta, GA
  • Posts 48
  • Votes 9

Lu,

I sent you a PM. Looking forward to connecting!

LukeMacDonaldRealEstate.com

Post: NEED Rentals in Atlanta

Luke MacDonaldPosted
  • Real Estate Agent
  • Atlanta, GA
  • Posts 48
  • Votes 9

All,

I represent a national buyer who is currently buying 70+ rental properties per month in the Atlanta area. We are looking for SFR's priced $250,000 and below. Please reach out to me with any off market homes you may have.

[email protected] / 404-518-2427

Post: 43% Below Market. 21% Returns In Monterey Acres in Snellville

Luke MacDonaldPosted
  • Real Estate Agent
  • Atlanta, GA
  • Posts 48
  • Votes 9

Still available?

Send me a PM

Post: Great Hampton deal 67,900! 3 Bed 2 bath.

Luke MacDonaldPosted
  • Real Estate Agent
  • Atlanta, GA
  • Posts 48
  • Votes 9

Still available?

Post: Institutional buyer, looking for rental properties in Atlanta

Luke MacDonaldPosted
  • Real Estate Agent
  • Atlanta, GA
  • Posts 48
  • Votes 9

All,

I represent an institutional buyer buying rental properties in bulk in the Atlanta area. 

Criteria:

- Single family detached only

- 3/1 or larger

- Not in a flood zone

- vacant OR tenant occupied

- must be off market

Please reach out to me if you have anything.  

404-518-2427

Post: McDonough, GA Rental or Fix & Flip Deal

Luke MacDonaldPosted
  • Real Estate Agent
  • Atlanta, GA
  • Posts 48
  • Votes 9

Interested. 

shoot me a PM and we'll discuss

Post: Fair Market Value- Actual or Inflated

Luke MacDonaldPosted
  • Real Estate Agent
  • Atlanta, GA
  • Posts 48
  • Votes 9

I agree with @Wayne Brooks on this one. "Fair market value" doesn't necessarily mean "What the house is worth." 

When looking for a deal, generally, work backwards. 

On a flip, take your After repair value and subtract your rehab costs, minute the percentage you'd like to make on the deal. That should leave you with an idea of where to start in your negotiations. 

On a rental, find what the property would rent for per month, multiply it by 12 (annual Income) and then subtract taxes, insurance, holding costs, (whatever else you account for) and divide by your offer price to get your net ROI. Play around with the numbers until you find a starting price to go off of.

Hope this helps!