All Forum Posts by: William Alamillo

@Jeremy Jackson Yeah, I need to update my calculator.  It's one that I created when I first started to analyze deals and some of the values could use tweaking.  I think this place makes sense for me, but I could always use another set of eyeballs!

@Bob B. Yes, complex is about 80% renters and no rent restrictions. The funny thing is, there have been NO, sales in that complex in almost 5 years - at least none that have been sold through the MLS. I'm wondering if that's a good sign - just a complex full of cash cows that no one wants to part with. :) Nearby town home complex isn't good for comps. They are much nicer and sell for 150k+. I'm having a hard time tacking a value to this place, but I think 65K is probably close to fair market value.

Norcross, Georgia that is...

This would be my first deal, so I'd love to get your input on this.

I have a friend who rents a town home in Norcross who has a TERRIBLE land lord.  I know that she is willing to sell the place because she has offered to sell it to the tenant several times for 65K.  I don't think it's worth that much, but I ran the numbers and even at that price, it seems (to me at least) to make sense.  I will not purchase it at that price - I'll try to talk her down to something reasonable - but tell me what you think of the numbers.  The "Bottom Line" numbers are, fittingly, towards the bottom - Cap rate, cash on cash, etc.

Excellent, thanks for the info! Let me know if you find anything interesting, I'm always happy to help however.

Hey @Damir Kamber, how did your agent's market analysis go? I'd love to hear what they found if you don't mind sharing.

I love this hotel, looking forward to it!

I believe the gauntlet has been dropped!  FB vs DM.  Ready....GO!!!

@Nicole Campbell I live on the Marietta/Roswell border - would you mind sharing details about the meetup group you attend there?  I'd love to go!

Great job! Where did you find the deal? (MLS, Driving, etc.)

Welcome aboard Darryl, I just joined myself!  I'm a REALTOR in the Atlanta area - just beginning to get into the meat of investing in real estate myself.  If there's any way that I can help, just let me know!

Hello all,

A friend and fellow REALTOR turned me on to this site. I've been plowing through the podcasts and figured it was time to get involved online and get into the meat of things! I'm Interested in several aspects of real estate investment, including buy and hold, flipping, and as a REALTOR, just becoming more knowledgeable about investing for the benefit of my clients.  Thanks for having me!

Bill