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All Forum Posts by: Regina Sitterley

Regina Sitterley has started 9 posts and replied 62 times.

Post: Serious Question! Not ment to offend anyone!

Regina SitterleyPosted
  • Wholesaler
  • Marietta, GA
  • Posts 106
  • Votes 20

My bet is the guru's do it to get multiple streams of income. They get partnerships with the people they "sponsor." They can split profits for wholesales or rehabs and get cash flow by loaning money or managing properties. I think it's brilliant, personally. Plus they get the great feeling of contributing to another's success. Also, the REIA clubs are not non-profits. They make a percentage of what every presenter sells.

Well done @Derrick Jordan!  I also had a rental, in Lithonia, that had a fire.  I believe it was an accident, though!  That's a crazy phone call to get though, isn't it?!  Best wishes to you!

Post: 14% ROI on this Atlanta Investment Property

Regina SitterleyPosted
  • Wholesaler
  • Marietta, GA
  • Posts 106
  • Votes 20

Act now to acquire this income-generating property! This house in a good rental area of Atlanta where you will easily find tenants. Section 8 is very possible in this area – guaranteed on-time income!

Check out the solid numbers on this Atlanta Investment Property! You will have a 14% ROI with this one. Compared with other houses in the area, this house been better cared for. Make your offer today!

Address: Center Hill Ave, NW Atlanta, GA 30318 (please call for house number)

Purchase Price $22,900
Approx Repairs $18,000
All-In for $43,000

Rental rate conservatively $800/month giving you a 14% Return on Investment!

Click this link for more details & pictures:

http://www.sellmomshousefast.com/property/14-roi-on-this-atlanta-investment-property-for-sale/

Call Regina NOW to make your offer! 678-439-9159

Post: URGENT Must Sell Cartersville, GA Buy, Fix, Sell or Tear Down

Regina SitterleyPosted
  • Wholesaler
  • Marietta, GA
  • Posts 106
  • Votes 20

ARV $145,000

Repairs $75,000

Purchase $24,900

Total rehab needed on this one! Call me for house number and more info. For Pictures - click

Post: Cartersville, GA north of ATL Buy, Fix & Sell Deal For Sale NOW!

Regina SitterleyPosted
  • Wholesaler
  • Marietta, GA
  • Posts 106
  • Votes 20

http://www.sellmomshousefast.com/property/cartersv...

Click the link above to learn more!

This is the season to buy, fix and sell for BIG profits! When is the last time you saw a deal like this? Check out these great numbers and submit your offer today!

Address: Tower Ridge Rd., Cartersville, GA 30121 (please text/ call for house number)

Approximate ARV $145,000

Purchase Price $49,000

Anticipated Repairs $55,000

Anticipated Strategy: buy, fix & sell. Possibly subdivide the lot and build two new homes


Post: How does inventory affect your pricing?

Regina SitterleyPosted
  • Wholesaler
  • Marietta, GA
  • Posts 106
  • Votes 20

I'm just about done with a fixer upper. The ARV is $134,000. There is only one house in the school district for sale under $150k. It happens to be very comparable to mine, is in the same subdivision, and was listed for $134k. It went under contract in 3 days and will close this month. My question is - how do you think low inventory affects pricing? What about appraisal? I would love to get $139,000 for my house, naturally, but I don't want to get greedy and price myself out of the market. How can I test this?

Post: Buying without an agent

Regina SitterleyPosted
  • Wholesaler
  • Marietta, GA
  • Posts 106
  • Votes 20

I buy the majority of my projects without an agent.  

1. How do you bu y without an agent?  I use a contract that my closing attorney has looked over.

2. Would I need my attorney to get involved?  In Georgia, we use attorneys for closings.  If you do something different in your state, I would think you would at least want your attorney to watch out for your interests with the contract.  Also, if you're using a lender vs cash you may need their attorney to approve your contract.  Not sure about that one. 

3. Is there anything I should be aware of?  Be careful you don't put any deposits at risk and have an exit clause so you can get out for any reason in case a problem is identified.

4. Are there any oddball rules and regulations that I should consider when doing my typical rental property analysis?  Oddball rules?  I wonder what this would entail?  My rule of thumb after considering taxes, insurance, vacancy and maintenance is - Cash flow is King!

Post: my first signed contract!!

Regina SitterleyPosted
  • Wholesaler
  • Marietta, GA
  • Posts 106
  • Votes 20

Celebrate!!! What's your plan? Rehab, hold, wholesale?

Beautiful job! Love the painted brick and finishes. Thanks for sharing your lessons and great attitude!

Post: How does he do it?

Regina SitterleyPosted
  • Wholesaler
  • Marietta, GA
  • Posts 106
  • Votes 20

Have you tried contacting the investor to ask him how he does it?  You could find a way to add value to him to make his time spent worth you with his while.