About Me
As a 4x entrepreneur having established businesses in online retail, marketing & public relations, print brokerage, and real estate investing, I strongly believe that real estate is the key to building true, generational wealth. That same philosophy is my motivation for working particularly with first-time home buyers but also with other real estate buyers.
Although the market may indicate that the real estate industry is dead and the media has shed a negative light on the industry, I have to disagree and say that right now, this moment is the absolute best time to purchase real estate. In fact, I truly believe that this market will birth millionaires once the market turns back around. As I see it, the market is just correcting itself and those buyers and investors who capitalize on the soured industry and depreciated property values will realize tremendous benefits once the market rebounds.
Keep in mind that Donald Trump did not become a billionaire real estate investor because he was an expert in real estate. He became great because he invested in both good and horrible real estate markets and perfected his strategy. In fact, Donald Trump has publicly stated that this is the perfect market to invest in because buying low is the best investment strategy.
With that said, I look forward to working with you and serving your real estate needs. As a home owner, I under the needs and concerns of first-time home buyers. As a home owner I understand the needs of buyers who have been affected by the downturn of the industry and the strains that the negatively appreciated property values has caused on your pockets. As an investor, I understand what it means to build a strong portfolio of real estate with strong equity cushions.
Contact me at (404) 494-3937 ext 325 or at info@ATLHomeForSale.com. I'm here to work with you and help you with your real estate needs. You can also search for properties by visiting my website at http://www.georgiamls.com/agentsite/index.cfm?SiteID=FLEURANVILFA.
Although the market may indicate that the real estate industry is dead and the media has shed a negative light on the industry, I have to disagree and say that right now, this moment is the absolute best time to purchase real estate. In fact, I truly believe that this market will birth millionaires once the market turns back around. As I see it, the market is just correcting itself and those buyers and investors who capitalize on the soured industry and depreciated property values will realize tremendous benefits once the market rebounds.
Keep in mind that Donald Trump did not become a billionaire real estate investor because he was an expert in real estate. He became great because he invested in both good and horrible real estate markets and perfected his strategy. In fact, Donald Trump has publicly stated that this is the perfect market to invest in because buying low is the best investment strategy.
With that said, I look forward to working with you and serving your real estate needs. As a home owner, I under the needs and concerns of first-time home buyers. As a home owner I understand the needs of buyers who have been affected by the downturn of the industry and the strains that the negatively appreciated property values has caused on your pockets. As an investor, I understand what it means to build a strong portfolio of real estate with strong equity cushions.
Contact me at (404) 494-3937 ext 325 or at info@ATLHomeForSale.com. I'm here to work with you and help you with your real estate needs. You can also search for properties by visiting my website at http://www.georgiamls.com/agentsite/index.cfm?SiteID=FLEURANVILFA.
My Q&A
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ATLHomeForSa…'s Questions (0)
ATLHomeForSa…'s Answers (17)
ATLHomeForSale.com answered:
Hello David,
One such REO subdivision are those owned by Forest Homes. About a year or so again, they went into foreclosure of all of their new developments with many of them being in the South Fulton area. There's Mallory Walk, Heritage Park, among a few of them. Phase 2 of the Union Crossing subdivision is also an upscale REO development. There's also a a new REO townhouse community in Riverdale.
Fabiola Fleuranvil, MBA
South Owens Realty
info@ATLHomeForSale.com
One such REO subdivision are those owned by Forest Homes. About a year or so again, they went into foreclosure of all of their new developments with many of them being in the South Fulton area. There's Mallory Walk, Heritage Park, among a few of them. Phase 2 of the Union Crossing subdivision is also an upscale REO development. There's also a a new REO townhouse community in Riverdale.
Fabiola Fleuranvil, MBA
South Owens Realty
info@ATLHomeForSale.com
ATLHomeForSale.com answered:
Hi Melissa,
This is a very tricky neighborhood because forecasts predicted a couple of years ago that Lakewood would be the next Intown redevelopment boom, but it's been extremely slow to come. There's a serious amount of blight in the neighborhood and the city hasn't done a good enough job to address these concerns. Investors became very optimistic about Lakewood 2-4 years ago and started doing rehabs and new developments after the West End area went belly up for having the highest number of fraud, but I noticed that these same investors started pulling out of Lakewood because they couldn't move their properties. Just like any other Intown neighborhood, Lakewood does have a lot of potential, but it's pretty bleak right now. Of course, the redevelopment of that old GM plant would certainly help but it's been years in the making and still no signs of it. With the economy getting worse, I don't see it happening anytime soon.
Another issue was that lenders were skeptical of financing property of Lakewood because it shared the same zip code as West End.
I think that Lakewood can live up to its potential of there is a collaborative effort from investors & the city. I share these same feelings about the West End. It'll take investors rehabbing/building properties block by block at a time so that the new homeowners don't have to be concerned about their nice house being next door to an old shabby one. Investors also have to work with the city, neighbors, & neighborhood association to clean up the drug and traffic problems.
Fabiola Fleuranvil, MBA
South Owens Realty
(404) 437-0078
info@ATLHomeForSale.com
This is a very tricky neighborhood because forecasts predicted a couple of years ago that Lakewood would be the next Intown redevelopment boom, but it's been extremely slow to come. There's a serious amount of blight in the neighborhood and the city hasn't done a good enough job to address these concerns. Investors became very optimistic about Lakewood 2-4 years ago and started doing rehabs and new developments after the West End area went belly up for having the highest number of fraud, but I noticed that these same investors started pulling out of Lakewood because they couldn't move their properties. Just like any other Intown neighborhood, Lakewood does have a lot of potential, but it's pretty bleak right now. Of course, the redevelopment of that old GM plant would certainly help but it's been years in the making and still no signs of it. With the economy getting worse, I don't see it happening anytime soon.
Another issue was that lenders were skeptical of financing property of Lakewood because it shared the same zip code as West End.
I think that Lakewood can live up to its potential of there is a collaborative effort from investors & the city. I share these same feelings about the West End. It'll take investors rehabbing/building properties block by block at a time so that the new homeowners don't have to be concerned about their nice house being next door to an old shabby one. Investors also have to work with the city, neighbors, & neighborhood association to clean up the drug and traffic problems.
Fabiola Fleuranvil, MBA
South Owens Realty
(404) 437-0078
info@ATLHomeForSale.com
ATLHomeForSale.com answered:
Hi Cheryl,
Here's my advice since I've actually purchased and rehabbed investment properties and am also a Realtor. The fact that you've already purchased the home eliminates that option of obtaining an FHA 203k rehab loan which would offer you rates much lower than a hard money loan since it is an FHA loan. Also, since you've already purchased the home, many hard money lenders that I know of probably won't want to finance the rehab since they will not be holding the mortgage and have a security interest in the property.
Those would have been your 2 most obvious options with the FHA 203k loan being the more cost effective choice since hard money loans are expensive and can charge anywhere from 10-18% interest and anywhere from 2-5 points. They would also require a nice down payment.
Therefore, my best advice to you would be to refinance the home using the equity in the home. Many hard money lenders finance anywhere from 50-75% based on the after repair value. However, the challenges I predict you going into is a lender who won't want to finance the property because you own it outright. Also, from your perspective, if you refinanced it means that you would now owe some debt on it based on the amount of the equity you took out for the financing.
That's why I also advice my investor clients to be as liquid as possible, keep your cash, and pursue the most cost-effective financing options.
Hope this helps. Let me know if I could help you beyond this.
Fabiola Fleuranvil, MBA
South Owens Realty (formerly Re/Max Marketplace)
info@ATLHomeForSale.com
(404) 437-0078
Specializing in investor properties, first-time home buyers, foreclosures, relocation buyers, and resales.
Here's my advice since I've actually purchased and rehabbed investment properties and am also a Realtor. The fact that you've already purchased the home eliminates that option of obtaining an FHA 203k rehab loan which would offer you rates much lower than a hard money loan since it is an FHA loan. Also, since you've already purchased the home, many hard money lenders that I know of probably won't want to finance the rehab since they will not be holding the mortgage and have a security interest in the property.
Those would have been your 2 most obvious options with the FHA 203k loan being the more cost effective choice since hard money loans are expensive and can charge anywhere from 10-18% interest and anywhere from 2-5 points. They would also require a nice down payment.
Therefore, my best advice to you would be to refinance the home using the equity in the home. Many hard money lenders finance anywhere from 50-75% based on the after repair value. However, the challenges I predict you going into is a lender who won't want to finance the property because you own it outright. Also, from your perspective, if you refinanced it means that you would now owe some debt on it based on the amount of the equity you took out for the financing.
That's why I also advice my investor clients to be as liquid as possible, keep your cash, and pursue the most cost-effective financing options.
Hope this helps. Let me know if I could help you beyond this.
Fabiola Fleuranvil, MBA
South Owens Realty (formerly Re/Max Marketplace)
info@ATLHomeForSale.com
(404) 437-0078
Specializing in investor properties, first-time home buyers, foreclosures, relocation buyers, and resales.
ATLHomeForSale.com answered:
Hi Marty,
To prevent losses for when these type of situations occur, I always negotiate a specific stipulation in my client's contracts. I specifically state that the property must appraise for at least the purchase price and if it doesn't, the seller has a specified amount of time to reduce the price to meet at least the appraised value. If the seller refuses, they agree to a full refund of the earnest money within 48 hours.
As a lesson, it is extremely important to be very specific when negotiating an offer. Some selling agents have teased me about overdoing it with the special stipulations, but I simply say that I rather cover all of the essentials than to be sorry. The last thing I want is for a buyer to lose any money.
Fabiola Fleuranvil, MBA
South Owens Realty
info@ATLHomeForSale.com
To prevent losses for when these type of situations occur, I always negotiate a specific stipulation in my client's contracts. I specifically state that the property must appraise for at least the purchase price and if it doesn't, the seller has a specified amount of time to reduce the price to meet at least the appraised value. If the seller refuses, they agree to a full refund of the earnest money within 48 hours.
As a lesson, it is extremely important to be very specific when negotiating an offer. Some selling agents have teased me about overdoing it with the special stipulations, but I simply say that I rather cover all of the essentials than to be sorry. The last thing I want is for a buyer to lose any money.
Fabiola Fleuranvil, MBA
South Owens Realty
info@ATLHomeForSale.com
ATLHomeForSale.com answered:
Hi Melody,
Based on your question, are you looking for a home with a particular lot size and/or sitting on at least 1 acre? IF so, there are a lot of properties with huge lots in the South Fulton area. I've attached a link to my public real estate search site that you can use to search based on the specific characteristics you're looking for.
Fabiola Fleuranvil, MBA
South Owens Realty
info@ATLHomeForSale.com
Based on your question, are you looking for a home with a particular lot size and/or sitting on at least 1 acre? IF so, there are a lot of properties with huge lots in the South Fulton area. I've attached a link to my public real estate search site that you can use to search based on the specific characteristics you're looking for.
Fabiola Fleuranvil, MBA
South Owens Realty
info@ATLHomeForSale.com
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