All Forum Posts by: Michael Daniel

SBRE have direct relationship with the owner of this high-end Atlanta property and negotiated a wholesale price 24% below current market value.

Undisclosed Address

Atlanta, GA

MARKET VALUE: $2,500,000+

FIRM WHOLESALE PRICE: $1,950,000

$550,000 INSTANT EQUITY

MARKET VALUE: $2,500,000+

WHOLESALE PRICE: $1,950,000

REHAB UPGRADES: $50,000 

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TOTAL COST: $2,000,000

MINIMUM BUY/FLIP MARGIN: $500,000 (25% ROI)

This is a 6BR/5.5BA Single-Family Traditional Style Home

with over 7,000 square feet of livable space on a 2+ acre gated estate.
This executive home sits in a very prestigious and upscale Atlanta community in Fulton county and will easy access to Atlanta Airport, Buckhead, Midtown and Downtown Atlanta. This home is in impeccable shape with only a few added-value updates to make it shine brighter and raise the value to over $2.7M.

PROPERTY FEATURES:

• Executive Living Spacious Floor Plan
• 6 Bedrooms / 5.5 Bathrooms
• Marble Floors and Hardwood Floors
• Recently Remodeled Gourment Kitchen
• Custom Designed Swimming Pool with Granite
• 3-Car Spacious Garage
• Tennis and Basketball Court
• Gated Estate with Privacy
• Amazing Professional Landscaped 2+Acres
• Library, Sunroom and much, much more
• Estimated Rehab: $50k 
  • Upgrade baths
  • Upgrade Kitchen Floor
  • Replace Goldtone fixtures and Faucets
  • Choice of new Chandeliers
  • Optional refacing of exterior, but not necessary.
  • Other owners personal preferences.

REQUIREMENTS

*No Owner-Financing Available.

*Verifiable POF or Pre-Approval Letter
*Required Earnest Money:$20,000 within 3 business day of executed PSA.
*Buyer pays closing cost. 

Contact SBRE at 770.225.4681 or email [email protected] 

Seller prefers to sell as a portfolio, but cherry-picking is allowed. All single-family homes, except for 1 Duplex which is currently vacant.  Yes, only 1 of the 10 properties is currently vacant, all others are cash flowing!!! Expect a minimum of $82K+ Net Rent Income. NO Owner-Financing Available!

Send an email directly to [email protected] for more details. Be sure to reference Offer#300616-1A.  

I have Cash Buyer looking for a move-in ready or near to move-in ready 4 Bedroom , 2.5+ Bathrooms home in Austell  or Mableton, GA.   Home must have 2-Car Garage or ability to convert carport into a garage.  If you have  discounted property match, send me pics and details. 

Simona, I see that you are RE Agent. So, you know that every state is different in terms of RE requirements. In Georgia, we are required to use an Attorney not a Title Company. Go to your Local REIA or connect with other local investors in your area and find out the Title Company or Attorney that they are using. Sounds like you want to do some RE Wholesaling. Definitely have the Attorney or Title Company review your PSA /Assignment Contract to make sure that it fulfills your real estate objective. Ask the questions of Assignment contracts, Back-to-Back Closing etc. I recommend you go through a rock-solid wholesaling training to understand the do's and don'ts of wholesaling. You don't want to learn an expensive lesson by not knowing.

This Single-Family Home in an upscale East Lake Neighborhood of Dekalb County already has architectural design plan completed, permits, along with builder's estimates to convert from a 2BR/1BA to 4BR/3BA, 2400 SQFT 2-Story Home.

Fix/Flip Analysis

Recent Appraisal: $470,000 (see attachment)
Price: $214,000
Rehab/Reno Estimate remaining: $150,000
Fix/Flip Profit: $106,000 (29% ROI)

CLICK HERE TO VIEW PICS AND ARCHITECTURAL DESIGN PLAN

Requirements

• Serious Cash Offers Only.  No Owner-Financing Available.
• Verifiable POF

• Required EMD: $2,500 within 2 business day of executed PSA.

• Due Diligence:10 Days
• Closing: within 10-14 Days with Chalker and Chalker, PC
• Buyer pays closing cost. SBRE will contribute towards closing cost. 

Real Estate Brokers Welcomed. 

Send email inquiries directly to [email protected] or call 770.225.4681

      East of 299 Morgan Rd, Fayetteville, GA 30215

          9.65 Acres of Agri / Residential Land

              PRICE ONLY AT: $86,800

This is a rare find in Fayette County, Georgia  for less than $9K/acre. 

Property Features and Description:

• 9.65-Acre Vacant Wooded-Lot.
• Possible Use: Primary Home Dwelling with agricultural land.
• Possible Use: Exclusively for Crops and Farm Animals
• Zoned AR

Requirements:

• Cash Purchase Only! No Owner-Financing Available.
• Verifiable POF
• Required EMD: $2,500 within 1 business day of executed PSA.
• Due Diligence: 3 Days
• Closing: within 7 Dayswith Chalker and Chalker, PC
• Buyer pays closing cost. SBRE will contribute $500 towards closing cost. 

Real Estate Agents welcomed. Buyer's Broker Commission or  Finder's Fee Paid. 

Carl, I am going to PM you. 

Great and sound advise Jay.  It is absolutely critical that Investors, especially wholesalers, have a rock-solid contracts reviewed by a  Real Estate Attorney. Also, let buyers know that you cannot move forward with wholesaling the subject property without a contract in place; it is tempting to do otherwise, but not a good habit to practice.  I consult with the law firm of Neel, Robinson and Stafford.  They are absolutely awesome!

 I often get calls from buyers looking for a move-in or near move-in ready homes for their family. In the past few week, we gotten calls from several retail buyers. I am willing to team up with a go-getter RE Agent(s) or a fellow investor and create wins! If you have the following property matches, send me a PM or email me directly at [email protected]:

1. 3BR/2.5BA SF Home | 1990 or newer | 1/4 acre or more| 1500+ SQFT. Location: Grantville, Lutherville, Moreland or La Grange. Target Price $140K. This is Cash Buyer.

2. 3BR/2.5BA SF Home | 2000 or newer| 1/4 acre or more| 1500+ SQFT. Location: Grantville or Newnan. Okay with a bit of rehab. Target Price $105K. This is Cash Buyer.

3. 4BR/2.5BA SF Home | 2005 or newer | 1/4 acre or more| 2000+ SQFT. Location: Cobb, Fayetteville,Newnan or Douglasville. School rating of 4+. Target Price $115K. Okay with a bit of rehabbing, but not much. This is Cash Buyer.

4. 3BR/2.5BA SF Home. Location: Lithia Springs, Powder Springs or Douglasville. Target Price: $80K - $85K. Cash Buyer

5. 3BR/2.5BA SF Home| 2500+ SQFT| Master on Main| Fayetteville, West of Conyers, Possibly Douglasville | Target Price $235K. Financing.

6. 3BR/2.5BA Condo or Townhome | 2000 SQ FT | 2 Car Garage | Location: Vinnings, Buckhead, Cobb, Alpharetta, but open to other areas. Target Price: $150K-$165K. 

If you have any property matches, please send me a  PM or email me directly at [email protected]