All Forum Posts by: Chuks Erinne

@Andrey Y. Hi Andrey, sorry to hear this. The good news is that you have learned to be a better investor so going forward you know better, so you will do better. Now about your current situation....have you considered a lease option tenant buyer as a delayed cash out strategy? We have used our DCP program to help similar landlords in Atlanta get out of bad deals. Not perfect but works and could work for you. All is not lost un this case in my humble optimistic opinion. I wish you success as move forward!

@Brian Juris You got it. Its a correction by all means. I dont see what will cause a recession. Supply is still less than demand

@Carlos Soto Sir, if you've "driven for dollar", found 5 good wholesalers in your market, attended your REIA, Called all the FSBO/FRBO in your market and still no deal after 1 year...then consider looking in a different market

@Jeff Cagle if you are open to buying out of state and in GA then let's chat. We have deals about 3 per month depend on your buying criteria. Some deals are best for holding and some are flips

@Tyron White You can do some serious numbers wholesaling. Facts! Do dont let people who have never done it or who didnt do it correctly or dont have your drive and passion tell you any diff

@Tim Gordon 100%!

Originally posted by @James Wise:

Originally posted by @Chuks Erinne:

@James Wise As a wholesale shop.. We do what we have to do when we have to do it whether we like it or not. Secondly, integrity in all area of your business deals and relationships. As a land lord...be fair but by your business rules. Great post!

 Thanks. What types of situations do you run into in your business that put you in a position that you don't like?

 This just happened last week. Had a deal in the Decatur area in Atlanta. Accepted an offer with a buyer and had another buyer putting mad pressure on us to wiggle out if the original buyer, throwing money at us. 10k more isnt enough for us to cross that line. This happens to us alot its almost like a test. We remain consistent that we shall not be deiven by money. 

@James Wise As a wholesale shop.. We do what we have to do when we have to do it whether we like it or not. Secondly, integrity in all area of your business deals and relationships. As a land lord...be fair but by your business rules. Great post!

Home has New roof, New HVAC, New Hardwood floors, New garage doors, New elevator, Full basement

Asking $139k, Repairs $15k,  ARV $210k,  Area Rent $1350-$1500

Best deal in area. This one wont last. This is an assignment deal.

www.GAEQUITYGROUP.com

@Spencer Cornelia Congratulations on being creative. The major key is that mindset change...being proactive. You will have a good run with tenants. Im putting the positive vibes out there for you. Goodluck!