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All Forum Posts by: Michelle LaRue

Michelle LaRue has started 6 posts and replied 38 times.

Thanks @Tom S. I am working hard on that. The attorney I spoke with isn’t a RE attorney. Is there a way for me to find a contract on my own (I.e. Internet) or should I use an attorney? 

Hi All, 

I recently came across an opportunity (like today) to purchase a SFH for $50,000 cash. ARV is approximately $150,000 conservatively. It needs less than $10,000 work. The owner inherited the home via a death in the family early this year. I have checked the tax records and verified he is the current owner and taxes are up to date. He wants to move ASAP. I want to be protected and have not done a deal this way. What is my first step? I called an attorney who suggested I get it under contract for $300. Is that the only way? This is an off market deal and no agents are involved. I have the number to a title company but wanted to check in with some pro's here on BP before I have this deal taken from me. Please Help!

Thanks!

I would love to join th next meeting also? is there a date set for April yet? 

Post: Newish in Roswell (Atlanta), GA

Michelle LaRuePosted
  • Roswell, GA
  • Posts 39
  • Votes 10
@Tyler Sims do you know anything about it?

Post: Newish in Roswell (Atlanta), GA

Michelle LaRuePosted
  • Roswell, GA
  • Posts 39
  • Votes 10
Tyler Sims yes it is!

@Tyler Ferguson I will keep you in mind and reach out should I find any amazing deals. Feel free to contact me to chat. 

Post: Newish in Roswell (Atlanta), GA

Michelle LaRuePosted
  • Roswell, GA
  • Posts 39
  • Votes 10
Jimmy Moncrief that's a funny story. When I began studying real estate the first time I did a lot of driving around. I saw a handyman driving in his van and pulled him over. I didn't know anything about rehab, repairs, etc. So I quickly befriended him and started to go hang out with him while he worked in my free time. That was over 10 years ago. He is like my brother now. And he takes excellent care of my D- property. He is not formally a property manager. However, he is well-suited for my needs. His name is Ronie McKay. I would be happy to discuss this further with you if you're looking for someone.

Post: Newish in Roswell (Atlanta), GA

Michelle LaRuePosted
  • Roswell, GA
  • Posts 39
  • Votes 10

@Jimmy Moncrief I will keep that in mind if I am in the area. I don't come often anymore. I have a very loyal property manager. He takes good care of my "situation" there. 

Post: Newish in Roswell (Atlanta), GA

Michelle LaRuePosted
  • Roswell, GA
  • Posts 39
  • Votes 10

@Tyler Sims please let me know if you would like to chat sometime. I am looking at SFH rentals also. Also looking at picking up something at the tax sale.