Three Available Investment Strategies in Atlanta

Available Strategies

Strategy I: REOs (MLS)

Strategy II: Turnkey rehabbed and rented properties

Strategy III: Low-priced fix and flips

 


 

Strategy I

Low-priced Fix and Flips

 

 

Purchase price: $40,000 – Bought at the courthouse steps at an auction 

 

Rehab cost: $15,000 – this includes holding costs until sold

 

Average holding time 4.5 months

 

Profit: $17,000 – after closing costs and sales commission

 

Local team handles the transaction cycle from start to finish: researching properties before the auctions, bidding at the auctions, rehabbing and selling.

 

Profit sharing: the local team splits the profit with the investor, i.e. they only get compensated if there is a profit.

 

 

Program’s successful elements

 

Most of these elements are not typically seen in houses in this area:

  1. Priced to sell quickly
  2. Better than area’s standard finishes
  3. Attractive fixtures
  4. House staging
  5. Finished garage
  6. Quality photos

Call or email me if you are interested to learn more about this opportunity or to start investing now: dani@simplydoit.net, 650-440-5544

 

 

Sample Fix & Flip

 

Address: Cutters Mill Dr. Lithonia, GA 30058

 

4 Bedrooms | 3 Bathrooms | 1686 Sq. Ft. | 2003 Built | 2 Car Garage

Purchase price: $38,500

Repairs cost: $17,000

Total in: $55,000

Sale price: $74,000

Profit: $19,000

Offer accepted time: 6 days from listing

 

Before Photos

 

 

 

 

 


 

Strategy II 

 

Turnkey Rehabbed and Rented Properties

Price ranges: $45,000 to $70,000.

These properties are rehabbed and have a renter inside (or in the process of placing a tenant).

Rents are from $750-$1150 a month

Properties are located in good areas and in nice communities.

Note from Dani: I have driven into some of these communities and saw well maintained homes and streets.

 

Financing options:

Option A: Cash purchase

Option B: Purchase a $65,000 or higher priced property. Properties under $65,000 will not qualify for conventional financing.

Option C: Private lender (high rates)

Option D: IN SOME INSTANCES there are properties with seller financing – 50% financing at 7% interest rate. Qualifying is simple and easy (limited amount of houses under this option)

 

Call or email me if you are interested to learn more about this opportunity or to start investing now: dani@simplydoit.net, 650-440-5544

 

Sample Turn-key property

 

Brookstone Pkwy Ellenwood, Georgia 30294

 

4 Bedrooms | 3 Bathrooms | 1864 Sq. Ft. | 1987 Built | 1 Car Garage

Rent ready property.

Price: $57,000
Closing cost: $1500
Total investment: $58,500
Estimated rent: $950/month
Expenses (monthly):
Taxes: $152
Insurance: $50
Management fee: $50
Maintenance: $60
Vacancy loss: $30
Total Expenses: $342

Net cash-flow: $608 | $7,296/year

 

Hemingway Rd Stone Mountain 30088

3 Bedrooms | 2 Bathrooms | 1344 Sq. Ft. | 1980 Built | 1 Car Garage 

Rent ready property.

Price: $51,000
Closing cost: $1500
Total investment: $52,500
Estimated rent: $850/month
Expenses (monthly):
Taxes: $40
Insurance: $50Management fee: $50Maintenance: $60
Vacancy loss: $30
Total Expenses: $230

Net cash-flow: $620 | $7,440/year


 

Strategy III 

 

REOs

 

Prices for good properties in good area are from $30,000 

 

Homes need $12,000-$15,000 in work: new carpets, new paint, appliances, A/C compressor and some additional touch-ups

Financing: cash

Market value and Comps

Local team includes:

Purchase broker

Property management in place to handle the leasing and managing

Repair team to handle the work

Rents are there to support these low purchase prices.

Call or email me if you are interested to learn more about this opportunity or to start investing in this program.

 

Sample of REO Property

Waldrop Creek Court, Decatur GA 30034

3 Bedrooms | 2.5 Bathrooms | 1646 Sq. Ft. | 2000 Built | 2 Car Garage

This house needs new paint, new carpets, appliances, touch-ups, power wash exterior.

Listed price: $45,000
Repairs: $12,500
Closing cost: $1500
Transaction fee: $3000
Total investment: $62,000
Estimated rent: $950/month
Expenses (monthly)
Taxes: $100
Insurance: $50
Management fee: $95
Maintenance: $60
Vacancy loss: $30
Leasing fee: $40
Total Expenses: $375

Net cash-flow: $575 | $6,900/year

Call or email me if you are interested to learn more about this opportunity or to start investing now: dani@simplydoit.net, 650-440-5544