All Forum Posts by: Adam D.

I have a clarification question.  In this same situation buying it one year and selling it in another..  (2014-2015)  do you submit a 1099 To the contractor for the 2014 tax year even though you wouldn't claim those expenses until the year of the house sale 2015 ?

I'm glad you found someone.  In case that changes, I'd recommend john wyant at steelvalleyhomes.com   I live out of state and he's managed my property for the last 4+ years.   He handles pretty much anything you need. 

Kiya, Welcome! As a people person who likes connecting and networking then I think you will have great success. I'm semi-new to atlanta and new to flipping so I'm not quite mentor material. However I am always interested in partnering with other new investors to share information, insights and energy. Let me know if you need anything Adam

Here's my newbie response.. So the way I read this it seems like you have some contact with the current caretaker of the property? It sounds like a ripe property for them to want to get rid of but it seems like the best option would be to contact them to ask what's going on. Call or send them a letter. If you want to do your own research then you can try to track down the probate record to see what's going on with the estate. If the caretaker in San Diego is the executor then they may have some power to transfer the property to you at some point. If he is fixing up the bare minimum and paying taxes then it could have sentimental meaning that he doesn't want to let go of it. Or he is trying to preserve the value for when he's ready to sell. Id make a pitch for it and if unsuccessful follow up in 6-8 months. You just want to be top of mind when they finally are ready to dispose of it.

So does this same principle still apply if I were to pay just the past due payments and penalties? Rather than the whole balance owed?

Is that new sod in the front yard of pic #2 or did u do something else? It looks really green

Welcome! Sounds like you are off to a good start. I lived in the Nashville area for about 5 years before coming to atlanta. I didn't do any real estate up there but am interested on how it's going up there. Keep us posted on how it goes.

Very cool! Looking forward to seeing the progress.

Hello!

I am interested in facebook advertising. 

How long is the meeting?  Do you have to be a member of ICOS to attend?  

Nice blog by the way! 

-Adam

Thanks for everyone's replies and positive thoughts!  Looks like i have a lot of information to read up on. 

I am currently a member of the Georgia Reia, but so far I've only attended the general meetings. 

To all of the fellow new Atlanta investors let me know how I can help with anything or if anyone is interested in co-investment opportunities down the line.