All Forum Posts by: Mark Beno

@Mike Watkins Thanks, I'll give it a try.

That would be great Deborah. Thanks!

I have a potential wholesale deal (my first!) that is for a Buy and Hold investor. The property is located in Austell, Georgia (northern suburb of Atlanta) and is on Austell Road. The 3/2 house (built in 1962) is rented for $900/month currently (est. rents in the area are $1,100), I would sell it for $110k in order to make a small wholesale fee. Here's the kicker - most everything in the house has been updated over the past few years - hvac, plumbing, roof, floors, kitchen, bath etc. for $30k. Therefore, it's renter-ready (obviously!), but my feeling is maybe he put too many updates into the house??. Current renter has been there 4 years. The house values at $114k on trulia, so I know the '30% of ARV math' doesn't work, either. However, there's a lot of community development being done in the area (ie., sidewalks, park access, etc.) which will increase home values, eventually.  In fact, he claims a local realtor offered to list the house for $160k (!!!), only if he would let the listing be for 10 months. ($160k - seems to be a PIPEDREAM!!)  He wasn't ready to sell at that time. I found him via my first yellow letters campaign. 

I don't think I have anything here, but thought I'd get more involved on the forums, so that's the reason for this post. Thank you to all for your comments. Looking to learn a bunch...!

You may want an expert like Michael Quarles to answer your questions. He's as good as they get. I am currently using his company yellow letters.com for my first mailing and it seems to be generating a good response.

@Vincent Crane welcome to the BL site. I'm in the N. Atl market, and mainly do wholesaling. Good luck with your investing.

Great post, everyone! From someone who lives OTP (Cobb Cty) this has been very helpful. I used to be with a company that built houses off of Cascade ITP, and that subdivision almost put us out of business!  Dealing with Atlanta building inspectors = NOT fun!

Great post, Todd! We're in similar situations as far as wholesaling. You're about 5 weeks ahead of me, as I've just sent out (via Yellowletters.com, that is) 460 yellow letters. It's been about 8 days, and no phone calls yet. I'm hoping I didn't mess something up. I want to at least TALK with some prospective sellers! 

Keep up with the great post. Thanks for letting us peak into your journey.

@Ryan Dossey very well done! Way to stay with it. Let us know how things progress. Good luck!

@Manesh Hardeo thanks for the log updates. Good luck with this project, and I look forward to seeing your success.

One of the best podcasts so far. It ranks right up there with Jerry Puckett and Michael Quarles' podcasts!