All Forum Posts by: Michael Kappel

Welcome to BiggerPockets and thank you for your service! Best of luck in your investing, let me know if you ever have any questions!

Address: 1796 Alexander Dr. Decatur, GA 30032
Showing Monday 4/10/17 : Contact Adam at 678-491-4835 for Details

Pictures & Info: Click Here

We are in possession of an assignable Purchase Agreement that will allow me to purchase a home on Alexander Dr in Decatur, GA. We are selling the Purchase Agreement that will allow you or your buyer to purchase the home.

If you're interested in buying the Purchase Agreement, contact me as soon as possible to set up a viewing.

Asking: $88,500

Repairs: $35,000 for rehab/$10,000 for rental

ARV: $180,000+ ($220,000+ with an addition)

DO NOT CONTACT OWNER. TENANT OCCUPIED - DO NOT DISTURB TENANT.

Another great Decatur/30032 home right off Candler with easy access to Downtown Decatur. This is a great deal for a acashflowing rental or fix and flip. Vinyl sided ranch home with 3 bedrooms and 2 bathrooms, last renovated around 2010-2011. All cosmetic fixes - Roof recently replaced. Call 678-491-4835 or email [email protected] to set an appointment to view. House is tenant occupied paying $800 a month (can be raised) and would like to stay - been for 4 years with no issues and clean payment history. Can be purchased within 2 weeks occupied or in 60 daysvacant.

Agents: Add your desired commission to the asking price.

Bird Dogs/Wholesalers: DO NOT post this deal on craigslist or other on-line locations. Share with your buyers ONLY!
CASH OFFERS ONLY WITH QUICK CLOSE:
All offers to be sent to [email protected]

$2,000 non-refundable earnest money deposit.

COMPS:

1731 Old Hickory St - 4/3 - SOLD - $238,900 on 12/6/2016

2580 Joyce Ave - 3/2 - SOLD - $196,900 on 2/28/2017

2670 Eastwood Dr - 3/1.5 - SOLD - $187,500 on 10/31/2016

2671 Eastwood Dr - 3/2.5 - SOLD - $207,000 on 3/7/2017

1742 Line St - 3/2 - PENDING - $184,900

Address: 2368 Mark Trl. Decatur, GA 30032

Showing Monday 4/10/17 : Contact Adam at 678-491-4835 for Details

Pictures & Info: Click Here

We are in possession of an assignable Purchase Agreement that will allow me to purchase a home on Mark Trl in Decatur, GA. We are selling the Purchase Agreement that will allow you or your buyer to purchase the home.

If you're interested in buying the Purchase Agreement, contact me as soon as possible to setup a viewing.

Asking: $80,000

Repairs: $38,000 for rehab/$10,000 for rental

ARV: $165,000+

DO NOT CONTACT OWNER. TENANT OCCUPIED - DO NOT DISTURB TENANT.

This is a great home in a booming area in Decatur/30032. This is the perfect deal for a fix and flip and/or fix and hold as a rental. Standard brick ranch floorplan with an addition off the back. 3 bedrooms and 1.5 bathrooms, hardwood floors throughout original part of the home, and room for a large master suite in the addition. Will need mostly cosmetic work on the inside and out. Roof and mechanicals replaced within 8 years. This one will go FAST. Call 678-491-4835 or email [email protected] to set an appointment to view. House is tenant occupied paying $900 a month and would like to stay - been for 3 years with no issues. Can be purchased within 2 weeks occupied or in 60 days vacant.

Agents: Add your desired commission to the asking price.

Bird Dogs/Wholesalers: DO NOT post this deal on craigslist or other on-line locations. Share with your buyers ONLY!
CASH OFFERS ONLY WITH QUICK CLOSE:
All offers to be sent to [email protected]

$2,000 non-refundable earnest money deposit.

COMPS:

2321 Mark Trl - 3/3 - SOLD - $194,000 on 9/30/2016

2308 Scotty Cir - 3/2 - SOLD - $169,900 on 6/13/2016

2135 Mark Trl - 3/2.5 - SOLD - $186,000 on 12/21/2016

2042 Connie Ln - 3/2 - SOLD - $180,000 on 11/23/2016

2321 Scotty Cir - 3/2 - ACTIVE - $184,900 - JUST LISTED

Assignable contract available for a perfect rental property in highly sought after school district! 

ARV 185,000

Market Rent $1,400

Repairs- Rental Ready - $20,000  Retail Ready $40,000

Purchase Price $105,000

Contact me to schedule a showing, we have agreed with the owner on a flexible closing date to allow them to purchase a new home. 

We are in possession of a contract to purchase a property on Alexander Drive, if you are interested in purchasing this contract from us please see below.

Offered At: $88,500

Repairs: $45,000

ARV: $180,000-$200,000 (homes as high as $230,000+ with an addition for a full 3/2 and extra sq. ft. Depends on how nice you want to go with it.)

Property is tenant occupied and can be taken with the tenant currently paying $800/month or delivered vacant. That said, drive by only at this time. Let me know if you'd like some more information and I'd be happy to send more photos and repair list.

Does anyone have a spreadsheet or tool they are willing to share that helps them analyze your budget vs actual costs for a rehab? I know it wouldn't be difficult to create in excel however I figured I would check with the group to see if there is anything out there already.

Have these numbers changed for you all over the past 7 months? We are having a hard time getting offers accepted with 15% profit, trying not to go any lower however we are getting beat by people willing to go down to 10-12% 

Welcome Stephen! We are actively flipping in Smyrna and surrounding areas. If you ever need any help let me know!

Renate Brison I agree with the others, interest only loans have a burned me in the past. Back in 2006 we got into the rent to own market and did a bunch of interest only loans thinking that the tenants would cash us out after a year or two. Obviously The tenants did not cash us out and we were stuck with loans that have no principal paydown 3 to 5 years later during the crash. I would highly recommend staying away from interest only loans.

 Does anyone have any experience with Pat live? I see that they sell their packages as bulk minutes, just wondering what the average amount of minutes is for the basic seller lead questionnaire that is being filled out by one of their agents. I know that when I am on the phone with A seller I am usually going into much greater detail so my phone calls would be expected to be longer but just wondering if  someone can let me know what their average call time is with Pat live. Also if anyone else is using any other similar services I would love to hear some feedback.