All Forum Posts by: Byron K.

Michael Galloway - stumbled upon some of my early posts and wanted to know how this project came alone. Did the estimates match what you budgeted for? Was the exit on target? Would love to hear more.

Wow, RIP to Lonnie! I bought one of his books on MH investing, one of the first I ever read. He'll be missed.

Any update on this? Great work Brian Feltz

Would love details on the contract price, wholesale price, and expected profit.

Would love to hear others experience on this topic. I'm beginning to realize Marketing is the way to go versus relying on MLS. Would love to see the ROI folks are getting from their marketing campaigns.

Welcome to the forum TJ McKenzie!

What about RE interests you? Rehabbing? Buy and Holds? I'm in Atlanta as well, just beginning. 13 Kids, though? Guess you've found your contractors! (joking)

Wow Will Barnard ! How did you manage to get the price down ~400k? I know there were some issues that made you almost back out. I can't wait to see the before and after pics.

Continue the great work, this should be motivation to all on what hard work, experience, and the proper negotiation/standing your ground on your business objectives can produce!

Great! Congratulations. Any details and what you plan on doing with the house (Rehab? Rent? Wholesale?). Would love to hear more!

Wow, that is a nice spread. Michael Galloway How many of these type of deals do you do in a year or are they fairly infrequent?

Can't wait to see the process from tear to construction to sale. Great work.

I currently live in Massachusetts but will be moving to Atlanta next month. While up here, I started checking out real estate and starting to network. I found a home that was overpriced and had been on the market for a few months. I met up with the guy and toured the house and it was in TERRIBLE condition. We're talking 75-100k minimum to rehab. Since then, knowing I'd be moving to Atlanta, I started searching homes here to understand the market a bit more.

I've started to see many homes similar to the one in Massachusetts. More and more that are either in bad condition or are fire damaged.

My question is: what are the risks (and opportunities) for these homes? Am I wrong in thinking if the price is low enough that any damage the fire caused could be made up and still leave room for some profit)? Or are most damaged beyond finding any value in them.

Any insight would be helpful as we all know, in certain markets, inventory is drying up but it's interesting to see homes like this still on the market (their must be a reason, right?!)

Thanks!

Congrats Kathryn K. ! I'm looking to begin studying for my RE license and hope to eventually get my Brokers license as well!

If you don't mind sharing, what were your motives to get a Brokers license? Many on here want to own the full process (and money!) but others get the license to open a brokerage with agents and have them handle much of the field work. Woud love to hear your insight.