My name is Stephanie Cherry. I am looking for a private lender or investor who will purchase or lend me the funds to purchase this property. Below is the information about this property.
Property Address: 1485 Langston Ave. SW, Atlanta, GA, 30310
ARV: $220,000
Seller's Asking Price: $90,000
Estimated Cost of Repairs: $70,000
Property Type: Duplex
Bedroom: 4
Bath: 2
Sq.Ft.: 1728
I've been wanting to get involved in Real Estate Investing for a while now, but have had that fear of failure, so I haven't taken action until now. I have found a foreclosure that has already gone through auction with no bidders, so it will be going back to the bank and be in a six month "Redemption" period. I'm not sure exactly what that means, but I know that banks don't want empty houses sitting on their books. I know this house would be a great investment as a rental property. Rentals are being grabbed up as soon as they are listed in this area. I want to take advantage of the market right now, but I don't know what step to take next. Do I contact the bank that currently holds the lien on the property and try to negotiate a deal with them?
Hi, I am a licensed real estate agent and with an excitement for real estate investing. I have been around real estate investing all my life. My focus has always been abandoned and vacant houses.
I am able to find owners and make deals. I'm trying to get pass all of the real estate agent duties and work mainly as a real estate investor.
My biggest challenge is getting on the inside of the bank. I have a number of properties that are owned by the banks that are vacant. Some of them have been vacant for over 10 years.
I have the TALD program and I'm working on through it. My sister purchased it many moons ago. This program is great because it teaches exactly what I do. I have to think differently about getting my deals signed up.
I'm also looking to learn how to get more deals without having to do short sales. Anyone getting past the gatekeepers and contacting the persons who can make a decision about selling an abandoned house that is costing the owner tons of money, please reach out. This is my biggest stumbling block.
I look forward to learning and contributing with the DG Family.
Yolanda Judge
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