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All Forum Posts by: John Powell

John Powell has started 16 posts and replied 286 times.

Post: Cartersville Real Estate investing networking meet up

John Powell
Posted
  • Real Estate Agent
  • Kennesaw, GA
  • Posts 295
  • Votes 145

This is an informal, networking meetup for investors, and those interested in investing, in Bartow, Floyd, Cherokee, Polk, Paulding, Cobb, and the NW Georgia area. The meetup is not affiliated with any REIA group or other group. There is no speaker or pitch, just a chance for local investors to come together and meet other investors and talk. All are welcome. If you have any questions about the event, please feel free to ask!

There is a nice coffee/tea shop in back, also wine and beer are available. There will be snacks!

Post: Amazing Cartersville Bigger Pockets

John Powell
Posted
  • Real Estate Agent
  • Kennesaw, GA
  • Posts 295
  • Votes 145
Quote from @Adam Bindar:

Hi, when will your next meetup be?


 we meet every third monday evening 06:00PM - 08:00PM so the next will be 21 July 

Post: Amazing Cartersville Bigger Pockets

John Powell
Posted
  • Real Estate Agent
  • Kennesaw, GA
  • Posts 295
  • Votes 145

This is an informal, networking meetup for investors, and those interested in investing, in Bartow, Floyd, Cherokee, Polk, Paulding, Cobb, and the NW Georgia area. The meetup is not affiliated with any REIA group or other group. There is no speaker or pitch, just a chance for local investors to come together and meet other investors and talk. All are welcome. If you have any questions about the event, please feel free to ask!

Also, stock up on your infused olive oils and balsamic vinegars!

John Powell

[email protected]

404-788-5748

Post: Amazing Cartersville Bigger Pockets group

John Powell
Posted
  • Real Estate Agent
  • Kennesaw, GA
  • Posts 295
  • Votes 145

We will meet at Olive Tree and Vine in downtown Cartersville. There is a nice coffee/tea shop in back, also wine and beer are available. There will be snacks!

This is an informal, networking meetup for investors, and those interested in investing, in Bartow, Floyd, Cherokee, Polk, Paulding, Cobb, and the NW Georgia area. The meetup is not affiliated with any REIA group or other group. There is no speaker or pitch, just a chance for local investors to come together and meet other investors and talk. All are welcome. If you have any questions about the event please feel free to ask!

Post: Cartersville Real Estate investing networking meet up

John Powell
Posted
  • Real Estate Agent
  • Kennesaw, GA
  • Posts 295
  • Votes 145

Join us for the Cartersville Monthly Real Estate Investor Meetup!

🗓 When: Every third Monday of the month at 6:00 PM
📍 Where: Southern Muggs / Olive Tree and Vine, Downtown Cartersville, GA

This is a casual networking event for real estate investors of all experience levels to meet, connect, and discuss the industry. There is no formal programming, no sales pitches, and no cost to attend. We do ask that attendees support the venue by purchasing snacks, beer, wine, or coffee from Southern Muggs or Olive Tree and Vine.

Come and expand your network in a relaxed setting. See you there!

Post: Rent by the Room and Occupancy Limits

John Powell
Posted
  • Real Estate Agent
  • Kennesaw, GA
  • Posts 295
  • Votes 145
Quote from @Carlos Cotera Jurado:

Thank you guys for the comments! Luckily I made sure this house hack still made sense to me in the worst of scenarios where I could only house myself. I really appreciate your opinions. Now my question is: if my current driveway only fits 2 cars, would you guys preferp street arking or building a new driveway?

 New driveway or extension to a driveway is always better in the Kennesaw area  reach out if you need a guy we did a few last year the extensions are around 5-6k 

Post: Rent by the Room and Occupancy Limits

John Powell
Posted
  • Real Estate Agent
  • Kennesaw, GA
  • Posts 295
  • Votes 145
Quote from @Carlos Cotera Jurado:

Hi! I am in the same situation, I'm about to close on a home in Kennesaw that I liked for the idea of, converting it to a duplex and renting out rooms. Turns out, neither of those things are allowed!?! It would be really helpful if anyone could point me to a local real estate agent/lawyer in the City of Kennesaw. My agent is from Atlanta and he doesn't seem to think I will have any trouble renting but I am truly a little nervous at this point.

 Kennesaw also has an ordnance that requires heads of house hold to own a firearm. But much like the relationships of the people living in a house hold this is very difficult to enforce across the board but the law is technically the law. 

Sec. 34-21. - Heads of households to maintain firearms.

If you buy a 6 bedroom house in a neighborhood with a small driveway and try to cram 6 couples in the house each with a car you will probably have issues. 

If you have 4 college students in a 5 bedroom house with a reasonable driveway that can fit 4 cars and they don’t throw parties all the time you will probably be ok. But technically you would be out of compliance with an ordinance I think may cross the lines of housing discrimination.

Post: looking to buy an investment property- fix an flip or a rental property (Little Rock)

John Powell
Posted
  • Real Estate Agent
  • Kennesaw, GA
  • Posts 295
  • Votes 145

There is a small pocket the South on main street that is good but generally south of I-630 gets pretty rough pretty quickly like don't store any materials on site over night rough. If you intend to invest there I highly suggest you jump on a plane and spend at least a long weekend there. I lived in the suburb of Cabot for 7 years and recently spend 6 months in the city of Little Rock. The suburbs offer very liner returns I have one buy and hold left there and it pays like clock work. I haven't personally invested in the city of little rock because I live in GA and have lots of local opportunity in the Suburbs of Atlanta.

Post: Rent by the Room and Occupancy Limits

John Powell
Posted
  • Real Estate Agent
  • Kennesaw, GA
  • Posts 295
  • Votes 145
Quote from @Joseph Ayoub:

Hi All - I am wondering if anyone who does rent by the room in the Atlanta metro area has advice on how to do a rent by the room rental? Specifically, how to go about managing unrelated persons living together per county or city ordinance and lease structure. 

I am considering two properties: 

1) A home DeKalb County (Decatur) that is zone R75 for single family zoning. The zoning record says it is in an unincorporated tax district. 

2) A home in Kennesaw that is also zoned for single family.

I see online that there is conflicting info, where in DeKalb county, 3 unrelated people can live together, but Decatur shows 2 unrelated people. Additionally, the house in Kennesaw is close to KSU and currently used as a student rental, but Cobb county shows 2 unrelated people who can live with each other. 

My questions are:

1) How are leases structured? Do you create a separate lease for each individual?

2) Do you need a rental license or any registration with the county/city?

3) Is rent by the room a feasible strategy with these county/city living restrictions?

Thanks for any insight!


Realtor here from Kennesaw. In the city limits there is no permit needed for any kind of rentals. In unincorporated Cobb there is a STR permit relatively easy and cheap to obtain. No permit required for long term rentals in un incorporated Cobb. As far as occupancy limits enforcement does happen but it's not super common and every case I've heard of for enforcement is due to neighbors complaints typically noise or too many cars. Right now I'm not seeing homes that are economically viable for long term rent by the room if you follow the Cobb county ordinance. I have a few STRs both in and out side kennesaw city limits and they make financial sense. If you were looking to house hack I would recommend finding something that you could rent the top out as an air bnb (STR) and live in the basement with a completely separate entrance.

Post: Newbie in today's market

John Powell
Posted
  • Real Estate Agent
  • Kennesaw, GA
  • Posts 295
  • Votes 145

Entry level homes that need work do appreciate. You may have to force it but there are always buyers for entry level homes. Be sure to get a quality realtor who is also an investor to help you avoid the pitfalls that you may not have the experience to see. If you have a ability to buy a little more house that is rent ready and house hackable immediately that may be a better option for your first one. Renovation with little ones at home, the younger the harder, is very difficult we have done it twice. But the value added can be enough to kick star your investing. If you could afford something with a basement apartment that you rent out or use as a medium term rent that could be the ideal start. If you are really willing to sacrifice to win you could even live in the basement and rent out the main part of the house for 1 year. There are lots of options if you would like to discuss further reach out.