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30315 : Real Estate Advice

  • All22
  • Local Info4
  • Home Buying6
  • Home Selling5
  • Market Conditions0

Activity 20
Thu Mar 3, 2016
Shanitastenson73 asked:
Mon Jan 19, 2015
Vilma Teodoro answered:
In my experience, the property management companies that do the best jobs are not always the ones that are most expensive. You can find a good property management company by simply judging them by their customer service skills. If everyone that you talk to is friendly and open, you can feel better about the kind of job that they will do with your property. Call a few companies and discuss things with them in order to get a good feel.
http://www.sjcmanagement.com
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0 votes 4 answers Share Flag
Fri Aug 8, 2014
Benjamin Macht answered:
Since you are starting a new business in a new industry you will need a years worth of tax returns on that business to see what you would qualify for regarding a new mortgage. Until then there is no way for an underwriter to determine what your income will be relating to the new business. Feel free to email or call me directly for any further information or questions. ... more
0 votes 1 answer Share Flag
Thu Jul 24, 2014
Daniel Frankson answered:
Good afternoon Nadia,

It would be hard to give you a proper answer in regards to listing price without first taking the time to walk through the home. Also, an opportunity to discuss your goals and what you would like to get out of the sale of the home would provide more insight and allow a listing agent to better assist you. If I can be of any help in this matter please feel free to contact me at anytime.

Daniel Frankson
Harry Norman, Realtors
404.808.4867
daniel.frankson@harrynorman.com
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0 votes 14 answers Share Flag
Sun Dec 22, 2013
kirksharon14 answered:
Sell your home faster with private investor. We offer a no hassle, no obligation cash offer on your home or commercial property. Visit www.distressed-property-solution.com for more details. ... more
0 votes 25 answers Share Flag
Tue Oct 22, 2013
Cecilia Sherrard answered:
Your home should be listed on the MLS and all the other syndicated websites within 1-48 hours.

Your agent will have a lot to do with how long it takes. Most depends on how fast they add it to the MLS and if they are adding the listing manually to other websites or waiting for the crawl. Definitely talk with your agent about time frame and what's expected. I've seen some agents list a home right away, but wait for photos. It's best to have everything ready to go and list it complete the first time. When a listing goes out to the public, more eyeballs see it when it's brand new. ... more
0 votes 10 answers Share Flag
Tue Oct 8, 2013
Appraisal By Michael answered:
Good afternoon,

I am following up to see if you ever found an investor. If not, give us a call (404) 955-9997, I'm sure we at Appraisals By Michael can assist you.
0 votes 11 answers Share Flag
Mon Sep 30, 2013
Deborah Pyburn answered:
I'd recommend working with an agent who has access to MLS or searching online areas like craigslist, rent.com, etc. I'm available if you need additional assistance.
0 votes 1 answer Share Flag
Thu Jan 5, 2012
Ann Ryan answered:
See the Miami Herald Article on Rental Scams. They weren't using Trulia, they were using other sites, but I think the mantra with the internet is always better safe than sorry. Six months of security is unusual, and I remain convinced that you have every right to be concerned. ... more
0 votes 12 answers Share Flag
Tue Dec 27, 2011
Lvlonemanagement answered:
Level One Management; Your one stop for residential property management and tenant referral. 888-394-5444 Ray Wilson - Serving Metro Atlanta and OTP
0 votes 3 answers Share Flag
Mon Oct 4, 2010
Lee Taylor answered:
Christmas - have you made some progress in the past 2 weeks?

I'm a 12 year veteran Intown neighbor and I've been up and down your target area with clients. Hank's advice is sound - condo, loft or townhome living is much better suited for your budget and your general criteria.

I like Ormond - not my favorite street in GP/Sunmmerhill but it's OK. However, at your price point it's not where I would invest.

Rtown/Ctown - same basic issues.

Ormewood - the southside of OP will meet your budget, but living between the Foxey Lady Lounge and the Pen may not meet your distinct goals.

Your price will probably not deliver what you seem to seek, but if you open up to a nice condo, loft or townhome community, then wow - I'll just name one - Candler Park Condominiums on the corner of Candler and McLendon - pool, parkside, walk to golf, walk to L5P, walk to the heart of CP...and get a 2/1 for $125K if you know how to structure an attractive offer.

I'll buy you a drink on the rooftop at Six Feet Under if you want to talk things over with The Intown Insider...
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0 votes 21 answers Share Flag
Mon Nov 9, 2009
Stacey Wyatt answered:
Investor,

I am very familiar with the Rosegood Subdivision which encompasses Grant Way and Grant Terrace. This has always been a strong investor neighborhood and I know four investors personally that have bought, renovated and either lived or rented in this Subdivision. Most of the Investors/Home Owners owe roughly $150k on these homes that are now worth anywhere from $40k to $60k. There are quite a few that could be purchased through Short Sale or from the Bank Owned Inventory... there are also a few that will be going to Foreclosure Auction in the very near future.

Two of the investors are currently renting their investment property through the Atlanta Housing Authority (Section 8) for $1,100/Month. If you can pick up one of these properties anywhere in range I mentioned above you can get great cash flow. I have the Tax Map of the Neighborhood highlighted with the status of every home and the name of every Home Owner and their current status. I have met nearly every Home Owner so I have a good feel for each situation.

If you would like to set-up a meeting at my office, I would be happy to share the information with you.

P.S. Due to Federal Laws, Realtors are not at liberty to discuss crime statistics, etc. You can obviously research this information through the Internet starting with the City of Atlanta Police Department or the respective County.

Happy Investing!
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0 votes 1 answer Share Flag
Wed Oct 28, 2009
davidwbrower answered:
Have cash... Have an agent... Do your research first and quickly... Be aggressive in your offers and be creative to outbid others. Close quickly. I list foreclosures and many of mine have multiple offers. Being on the "other side" often helps me to better understand the processes banks use in negotiating contracts which may give you an advantage when trying to buy foreclosures. Either way, hire an agent who has experience and knowledge of the foreclosure process. ... more
0 votes 5 answers Share Flag
Mon Oct 26, 2009
Bill Piper answered:
Investor,
I appeared for an appeal for one of my out of town investor's renal property recently. It was an enlightening experience to say the least. You need to have your ducks in a row when you go to the meeting. We didn't get everything we wanted, but we did get the value reduced about 30%.

E-mail me or give me a call if you want to know what to expect and what information you need to have.

Bill Piper
770-309-5958
billpiper@kw.com
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0 votes 2 answers Share Flag
Wed Aug 26, 2009
Stacey Wyatt answered:
Test91,

If you are not familiar with the area, the average rental income for a property in this neighborhood, whether it qualifies as an AHA Rental, vacancies, crime statistics, etc. then I would consult a full-time real estate professional to help you with your investment. Remember, Buyer Agency in Georgia doesn't cost you a penny.

Even if you get it for nearly nothing, the property can turn into a major headache depending on all of these factors including location.

If I can be of service, give me a holler!
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0 votes 2 answers Share Flag
Mon Aug 11, 2008
Lee Taylor answered:
Joan's insight is very good on this one.

Here are my thoughts... I am a 20+ year veteran of Lakewood concert going. I played the Fort McPherson golf course back in the 1980's. I love this area of Atlanta - I love the "potential" of these two big pieces of real estate at Lakewood and the Fort. The Fort has MARTA, an 18 hole golf course, 2 other City golf courses nearby and a lot of pretty mid-century neighborhoods nearby - the Audubon neighborhoods, Venetian Hills(the Ashford Park of the Southside) and of course, West End, Capitol View, etc.

I'm not so in love with the Ford plant, because of the highway interchanges at the nexus of the airport. Just because Atlantic Station is "sort of" an immediate success doesn't mean that it can be replicated at other dense areas of Atlanta

When I take my wife to the airport once every 3-4 weeks, I make a habit of avoiding early a.m. airport traffic on the interstates, and for the past few years I've been driving surface streets between Kirkwood and Hapeville. I've also sold a few houses between here and there since 2004.

What do I learn from these excursions in the soft underbelly of Atlanta's residential real estate market?

1. Residential Supply exceeds Demand by much greater proportions than other neighborhoods to the north - the bottom fell out early down here - 2002, 2003, 2004
2. more supply of sexy new properties will not help
3. in order to attract a healthy, vibrant new population of people to this area, the Jacoby's of the world have the greatest amount to risk
4. there are a few "bottom" submarkets of metro Atlanta real estate, and our Southside neighborhoods have their unfair share of flat, lethargic, not so safe streets and neighborhoods
5. if I so desire, a prostitute or some crack cocaine is pretty easy to get down this way...I suspect a lack of quality...certainly not of the remarkable quality found on Kennesaw Street near City Hall East

But I digress...

If you were a "multi-use developer" and you could invest anywhere in Atlanta, what criteria would you use?

How much would you be willing to invest in acreage at or near the GM Doraville facility, versus acreage in your area? I'll bet that the difference is much greater than .50 cents on the dollar - much greater.

So if I make a bottom dollar investment, and I build it, will they come?

My friend owns Mojo Pizza in Oakhurst. He lost a lot of money bringing his second location - a simple, reliable restaurant business - to Hapeville.

Why? Demographics.

Sharon - hang on to your rentals. The construction workers who will be making the Southside way better over the coming decade will be needing a place to live.

Now is probably not the time to sell.
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0 votes 3 answers Share Flag
Thu Jul 10, 2008
Lee Taylor answered:
Fri Jun 6, 2008
Ramiro Garcia answered:
Marcus, I believe I saw someone comment on the fact the Farrington Ave IS NOT in Grant Park, but rather in the Peoplestown neighborhood. There are several intown neighborhoods near 'approved' beltline parks that will be transforming and improving more quickly than others - in my opinion. These up and coming neighborhoods are still intown and have some great opportunities with foreclosed homes.

Let me know if you would like additional specific information.

Ramiro Garcia
http://dwellintown.com
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1 vote 5 answers Share Flag
Tue May 6, 2008
Joan Shorter answered:
Julian
There has been plenty of appreciation in the neighborhoods surrounding Grant Park, from Summerhill to Ormewood to Benteen. I would judge the consistency of the street - are there a lot of other homes that have been renovated or just a sprinkling? Are the sizesand age of the homes consistent? Appreciation intown does not neccesarily mean you sit back and do nothing to your house and expect cash to roll in later. Are there enough upgrades to justify current price? What foreseeable upgrades will you do to the house?

Joan Macaluso
BoBridgeport Brokers
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0 votes 2 answers Share Flag
Tue Mar 11, 2008
Ramiro Garcia answered:
Morriah has sent you a valueable link to the Grant Park Neighborhood Associations's web-site - much useful information can be found there. Business resources and Neighborhood News.

Fraser Street is in Summerhill - which should continue to improve when all the mixed-use retail and living redevelops where the current Turner Field parking exists . This will have a huge transformation effect on an area that has just never gotten over the hump. Look at the retail potential of Georgia Ave near Fraser and Hank Aaron. I tend to be an optimist, but I also recall when people were skeptical about all our hard work here in Grant Park and look how far we've come! Best to you and your involvement with your community. - Ramiro Garcia | Keller Williams Atlanta Midtown ... more
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