All Forum Posts by: Tareq Salaita

@Simmy Ahluwalia 18 doors 

Any good recommendations for a good PM company in Atlanta with good rates?

Thanks,
Tareq

Looking for a lead to a good property management company in Atlanta for multifamily units and SFHs to manage portfolio of rentals. Any leads would be appreciated.

Thanks,

Tareq

I was wondering if anyone else is going through this.. I invest in the Atlanta market and it seems most of the good deals out there are with wholesellers. I have seen a significant increase in wholeselling activity in the last couple of years. I was just curious if anyone else there is experiencing this? I wonder if this is a good or bad sign for the market (does wholeselling increase as we are approaching a bubble?) .  All due respect to wholesellers, I am actually working with a few right now.

Thanks,

Tareq

I'm finding that my market (Atlanta) has a significant increase of wholesellers-- is anyone else noticing this? All due respect to them - I actually am working with a few. I'm just curious if this is the norm out there. Thanks Tareq

I am looking for help with identifying a 1000- 1500 sqft space for a small restaurant I would like to lease in Atlanta and thought I would check on BP first for any commercial agents that can guide me in the right way. 

Thanks 

Tareq

Hello Rush,

Thank you for your response. I just tried to call you but reached your vm. Can you please provide me more info on the triplex? thanks

Hello,

I am looking for multifamily deals in atlanta that can generate a minimum of 7% CAP rate. Are there any wholesellers, agents or sellers that have any leads for me? Also, if you are an investor friendly agent, please contact me.

Thanks,

Tareq

Hello everyone, I wanted to summarize an issue I'm facing with my contractor and get feedback from the community here about how you would recommend I proceed. Here is a summary of the situation:

• In December, 2015 I purchased an old home that was not in living condition (3 bedroom/1 bathroom home)
• I signed a contract with a design-build contractor to upgrade the home into a 4 bed/ 4 bath -- contract included budget, details of work to be done and payment schedule. Project was supposed to be completed by July but we have been going through problems with permitting, unexpected things coming up..
• I have 2 more payments remaining on the contract-- my contractor asked if he can get them in advance to finish the project 'in the next few weeks'. I don't feel comfortable in doing this as he has not finished the kitchen at this stage, tiling, bathrooms, etc.. 
• To make things more complicated, I already have a seller who wants to put the home under contract and make 'additions to the home'. I don't trust my contractor in completing the original work on budget and don't want to get the new seller involved with my contractor as not to distract him further

My question is: Should i continue making payments although my contractor is behind schedule ( he has already submitted 2 change orders which I paid for)?  Should I advance him the last 2 payments? How do i know if the change orders he is sending me are legitimate ? Does it make sense to bring in a second contractor to check on the work and give me a 'sanity check' of where the project really is?

Thanks!

Tareq

@Steve B. Thats assuming you didn't buy the property at a steep discount already.