Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Mike Watkins

Mike Watkins has started 40 posts and replied 488 times.

Post: Atlanta Georgia closing company?

Mike WatkinsPosted
  • Wholesaler
  • Powder Springs, GA
  • Posts 515
  • Votes 143

thank you. I'll look them up on LinkedIn.

Post: Atlanta Georgia closing company?

Mike WatkinsPosted
  • Wholesaler
  • Powder Springs, GA
  • Posts 515
  • Votes 143

any one know of any investor friendly closing attorneys or title companies around Atlanta? I have yet to make my first deal and have some questions to ask them. So far I have been told it's illegal to wholesale and I need to be an agent. But if I could find one that deals with investors well I wouldn't need to convert them into one.

Oh yeah here are my questions to vet them.

Can you check title on this one(my rental) this is to see if they can do it w/I 1-3 business days.

What are great things about title co?(this is so I will have great stuff to make sure both parties will close there)

Ever work a wholesale deal? (I know kind of obvious)

Any fees? How much? What for? And who commonly pays them?

Can I get 2 separate settlement statements?

When do you open? So I can have the investor come in and pay.

When do you close? And have the seller come in late so they never meet the buyer.

Post: Marketing to delinquent tax owners

Mike WatkinsPosted
  • Wholesaler
  • Powder Springs, GA
  • Posts 515
  • Votes 143

thank you Ned. And thank you Alan For the initial question.

Post: Marketing to delinquent tax owners

Mike WatkinsPosted
  • Wholesaler
  • Powder Springs, GA
  • Posts 515
  • Votes 143
How were you able to get their numbers? Could you go into more detail about how you sold the property 6months later? You paid 50$ for the house or the contract? Was the house sold for 5k? That sounds ridiculous. You paid 50$ and sold a house and made 5k in a day. Great deal. I'm a total and if I can target tax delinquent properties I can get deals before they go to tax deed auctions. Thanks mike

Post: 70% Rule

Mike WatkinsPosted
  • Wholesaler
  • Powder Springs, GA
  • Posts 515
  • Votes 143

thanks. That helps a lot.

Post: 70% Rule

Mike WatkinsPosted
  • Wholesaler
  • Powder Springs, GA
  • Posts 515
  • Votes 143

what is the 70% rule?

Post: closing costs

Mike WatkinsPosted
  • Wholesaler
  • Powder Springs, GA
  • Posts 515
  • Votes 143

In Georgia?

Post: closing costs

Mike WatkinsPosted
  • Wholesaler
  • Powder Springs, GA
  • Posts 515
  • Votes 143

when wholesaling in Georgia does the buy or seller tipically pay the fees?