All Forum Posts by: Marvin McTaw

@Ed Neuhaus that's great! 

Hey @Rush Wall! Welcome to BP. I'm a local investor in the Dunwoody area so it's nice to meet you!

Hi @Canesha Edwards. I'm an active investor here in the area. What specifically are you looking to find out and why are you targeting Atlanta?

Hi @Chantz Ireland . I don't know what markets you invest in but @Ned Carey hit the nail on the head in terms of places where wholesalers market their properties. Another place to check out is http://www.myhousedeals.com/. I post my properties on there as well. 

The other thing is you can look on Zillow or Trulia and just look for certain keywords like "cash buyers only" under For Sale By Owner. A lot of times those will be wholesale deals too. 

Good luck getting your wholesale deals! 

Hi @Trina C. there are lots of local hard money lenders. You can also do a search on Google for "Hard Money Lenders, Atlanta" and look at the ads and results. There's also a list right here on Bigger Pockets of Hard Money Lenders in Georgia: 

• Georgia Hard Money Lenders: http://www.biggerpockets.com/hardmoneylenders/geor...

Private lenders by definition are usually not institutionalized. They are usually individuals who interested in real estate but don't have the time or desire to search for deals. It could be someone in your family, your dentist, your local small business owner, or even anyone who has an IRA and is looking for better returns with less risk than the stock market. I'd recommend starting with people you know e.g. family, friends, acquaintances, etc.

Another thing is it is usually easier to line up the money after you have a deal in place versus the other way around. Good luck with your real estate investing!

Hi @Nye Eddings! I'd be happy to meet up with you. There is a Starbucks in downtown Dunwoody that I like to go to. It's not too far from where you're at in Sandy Springs. We could meet up there sometime whenever you're free. Send me a private message to schedule a time. 

@Eddie Atkinson - I use Shafritz & Dean (Matt Schuurman) for most of my deals and are super helpful in getting deals across the finish line. They have a couple offices in Cobb County. That being said, what's your investment strategy? Are you wholesaling, looking for rentals, going to fix and flip, become an agent, go into property management?  

@Dave Hall re: cap rates. Unfortunately no. I would recommend you to check with local agents who specialize in rentals. They would have better information than I do. 

Hi @Glenn Zweig. I feel like your current job has somewhat biased you towards overcomplicating things and thinking about the market. Each deal is different. A lot of people/companies are willing to lend you the money so you don't even have to worry about equity splits. 

I personally have never partnered with people and stay away from deals I have to contribute "sweat equity" to. I'd rather have enough margin in the deal to hire out someone else as I value my time. I'd encourage you to find a deal (that's usually the hard part) and then work on finding the money. There are plenty of sources of capital including personal savings, credit cards, lines of credit, self directed IRA accounts, hard money lenders, private lenders (e.g. family, friends others who want to get into real estate but don't have the time) and seller financing. Find a good deal, and the money will follow.

Good luck in your efforts!

Hey @Dave Hall for rent estimates, I typically use Rentometer to get a feel for market rent. You can also try Zillow's rent estimates (which in my opinion are usually are a little bit better than their value estimates). Another surefire way is to check out Craigslist for rentals and see what they are going for. 

As far as the rehab costs, it's going to vary by market. There are some downloads available to help you estimate rents as well.