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All Forum Posts by: Mike Gillespie

Mike Gillespie has started 4 posts and replied 7 times.

Post: Looking for South Georgia Investors.

Mike GillespiePosted
  • Wholesaler
  • Riverdale, GA
  • Posts 7
  • Votes 0

Hello BP family,

I'm looking for investors near the following South Georgia counties (Coffee, Ben Hill, Irwin, Telfair). If you’re an investor or know of investors in these areas. Please forward me your info. I'm looking to do a lot of deals in these areas.

I currently have a 1500 sqft single family 3 bed 2 bath home under contract. The details or below. If interested let me know. I don’t expect this one to last long.

Purchase Price – $31,000

Fix up Costs - $8,000

Closing Cost - $930

Estimated Rent 800

Net Cash Flow – 540.43/Month (after Prop Tax, Ins, Prop MGMT @ 10%, vacancy rate @ 7%)

Total Cash Invested – $39,900

Post: How to check for 1st and 2nd mortgages

Mike GillespiePosted
  • Wholesaler
  • Riverdale, GA
  • Posts 7
  • Votes 0

Hello Everyone,

Does anyone know if there's a cheap way to check for 1st and 2nd mortgages without using a title company? 

Post: Occupied owners

Mike GillespiePosted
  • Wholesaler
  • Riverdale, GA
  • Posts 7
  • Votes 0

@Kenneth I running into the same problem you mentioned in your post. Did you find clarity or a good solution?

Post: How to finding relatives of a deceased property owner.

Mike GillespiePosted
  • Wholesaler
  • Riverdale, GA
  • Posts 7
  • Votes 0

Hello BP family,

I came across an abandoned property of a deceased person that inherited the property from his parents before he died. How do I go about finding who has control of the property and how do I locate them?

Post: How to determine repair cost?

Mike GillespiePosted
  • Wholesaler
  • Riverdale, GA
  • Posts 7
  • Votes 0

@Account Closed, thanks for the info and book recommendation.

Post: How to determine repair cost?

Mike GillespiePosted
  • Wholesaler
  • Riverdale, GA
  • Posts 7
  • Votes 0

Thanks Jacob. My email is on my company profile.

Post: How to determine repair cost?

Mike GillespiePosted
  • Wholesaler
  • Riverdale, GA
  • Posts 7
  • Votes 0

Hello BP Fam,

Does anyone know of software or a spread sheet that can help determine repair cost at a good estimate?