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All Forum Posts by: Renee Cato

Renee Cato has started 4 posts and replied 83 times.

Post: Greetings from Pike County, GA

Renee CatoPosted
  • Professional
  • Atlanta, GA
  • Posts 85
  • Votes 15

Welcome @John Teachout!!

Post: Real Estate Investor from Georgia

Renee CatoPosted
  • Professional
  • Atlanta, GA
  • Posts 85
  • Votes 15

Welcome @Marina Shlomov!  I think it's great that you're a residential builder!! That's one of my long term goals to one day become. Perhaps one day we can chat in more detail about your experiences as a builder for me to gain some insight. ☺️

Post: New member from Georgia

Renee CatoPosted
  • Professional
  • Atlanta, GA
  • Posts 85
  • Votes 15

WELCOME @Peggy Kiker!

Hi @Harry Zhou!  Solid Source Propery Management is a pretty good company to look into. The phone number is 770-416-1444. 

Also, I'm a licensed Realtor and offer my services to you. Inbox me your criteria (price point, bed/bath, etc) and we can go from there. 

Post: What makes a Real Estate Firm/Brokerage "Investor Friendly"?

Renee CatoPosted
  • Professional
  • Atlanta, GA
  • Posts 85
  • Votes 15

Hello,

I've been hearing this term thrown around pretty frequently--"Investor Friendly firm".  I see local agencies and big name firms claim "we are investor friendly".  However, when I speak with the managing broker or owner of these firms, to ask questions about what makes this statement true about them I get  jargon that "sounds good" to say, but means nothing.  I asked one broker, "what is your position on your agents engaging in wholesaling activities?"  For one, he did not know what I was talking about; and 2.  he said "why would you do that? Just list the property for a retail price".  Mind you, he's with a brokerage that says it's "investor friendly".

So, my question is this:  licensed agents, what are some of the things your true "investor friendly" firm offers that is supportive of your business?

If you have not found this true "investor friendly" firm, what are some things you would like to see offered?

Broker-owners/Managing Brokers:  how do you limit your exposure when "hiring" investor/agents?  What type of fee structure per deal do you have in place? 

Thanks!

Post: What are the mechanics of a wholesale deal?

Renee CatoPosted
  • Professional
  • Atlanta, GA
  • Posts 85
  • Votes 15

Thanks @Jeremy Tillotson!  So, the purchase and sale agreement states the price of $100K; the assignment document states $3K. When marketing the contract/property to your buyer, you state the total price is $103K. 

Post: What are the mechanics of a wholesale deal?

Renee CatoPosted
  • Professional
  • Atlanta, GA
  • Posts 85
  • Votes 15

@Jeremy Tillotson, would he state the $3k on his assignment contract to end buyer only OR would his purchase and sale agreement with the seller state the $103K  amount and then broken out as $3K on the assignment to the end buyer?

Is that what you're asking @David Grimm?

Post: Looking to meet some wholesalers in Atlanta...

Renee CatoPosted
  • Professional
  • Atlanta, GA
  • Posts 85
  • Votes 15

@James Paisley, Fulton, Dekalb, Cobb Henry, Rockdale and Troup counties.  Every now and then, I get hits in Gwinnett (southern part). 

What area(s) are you focused on?

Post: Looking to meet some wholesalers in Atlanta...

Renee CatoPosted
  • Professional
  • Atlanta, GA
  • Posts 85
  • Votes 15

Hi @James Paisley!  Welcome to the world of real estate investing! 😊. I'm a licensed Realtor in the Atlanta area and work retail and wholesale. I'd love to chat and work with you to find bargains. Perhaps we can discuss what you're looking for and I can help you along your journey. 

Also, check out Atlant REI. That's a good place to meet like-minded people.

Post: Work Schedule

Renee CatoPosted
  • Professional
  • Atlanta, GA
  • Posts 85
  • Votes 15

3rd shift. That way, you'll have the daytime to conduct research at courthouse (if required) and work your system for generating leads and following up.