All Forum Posts by: RJ Cox

  - In the state of GA, and FL where I am licensed disclosure of your license is required for rental purposes. I would check with your licensing agency to check the license disclosure requirements when selling, renting, or managing real estate on your own behalf.

Hello Amanda!

Generally franchises find their own locations. If however you just acquired a new zoning on your property or the area has just received a CID designation, or the like then it would be best to work with a broker that has moved similar properties in you area. If not familiar, go to your local real estate attorney to find a suitable commercial broker. If you're in GA, FL, MA, or NY - I can assist.

Hello Kathryne! Look no further. Evergreen Investment Realty is an investor focused brokerage which I own and manage. We assist investors in locating, acquiring, operating, and disposing of income-producing properties in the residential to commercial asset classes. As an agent and investor too, I have been involved with working with investors in GA, MI, MA, FL, TN, and NY over the past decade. I hope to be of service to you as well. Please PM me to discuss your needs in more detail.

Hello Miltiana! 

The best way is to work with a real estate brokerage dedicated to working with Investors. They will locate and send you leads, and connect with owners on your behalf. Their service will be to locate and close transactions for you. This is a zero sum game, you only pay a fee when they select properties that you wish to buy and that you are willing to close on. If you're focused on wholesaling, most brokers will not work with you as you would be jeopardizing their code of conduct for use of the MLS service by sending that information to you. Luckily for you, I represent a brokerage in GA, FL, NY, and MA where I can locate properties on your behalf utilizing the local MLS service. our team matches opportunities to you based upon your criteria and only send matches in price, preferable return rate, school district, select neighborhoods, etc. that you've selected in advance.

Direction on this one is specific to your capacity for risks and your desired return. However, we have a JV who works on developing 4-plexes on multi-family lots owned by the city through a private-public partnership. This may be an avenue to consider, rather than building one -multifamily unit in each of the cities that you mentioned above.

@Alex 

@Alex Babayev Congrats on a fantastic investment and wonderful design! The numbers look pretty good as well. How many other similar deals have you done in the Atlanta area?

Thank you for sharing your story, Ehab. This is a great way to show how we can all benefit from learning from others when we're hungry to succeed. It would be great for you to share a follow up in a few months to see how your business is growing and if you took advantage of the BRRR strategy.

The best deals are made when you are working with the end in mind from the start. 

What's your goal with this deal? 

Hold long-term for price appreciation? 
Add value (by increasing rents and renovating as needed), and flip?

Your exit strategy, and financial tolerance, will be the deciding factor. But you factored for all of the customary variables in your analysis so I would count your #s as fairly accurate.

@Chris Mcalister, the approx 12.9% yield looks attractive if the income and expenses are reliable. In due diligence, you should scrutinize the rental history on each tenant and the leases, plus take a magnifying glass to the expenses and potential areas of deferred maintenance. That pool can be a big hit, financially, if it has not been taken care of. 

Likewise, if you decide to proceed, connect with some local agents and PMs and ask them about potential rents in that area, and for that specific property. Another set of eyes helps, plus you may need them if you need to lease a vacant unit quickly.

Hi @Jackie Zeigler - welcome to BP! You will love all that the site has to offer.

To answer your question, it's as simple as searching Tulsa, Oklahoma in the search bar at the top right (I attached a screenshot). When I just did it, there were over 400 results, many of them other folks on BP. Successful investing!