Cheeves what was in those brownies. Out here in Oregon we have special ingredients.   

This is taking sprukierism to a new level

Richard,

Personally I would wholesale these properties and be done with it.  Your going to continue to feed them 
with little hope of recouping new monies let alone original monies

Real estate wise,

If this Fortis is this complicated then a formal complaint to the DRE should shut his doors.. If in fact he is doing anything beyond the laws of the great state of Georgia.

Again for everyone benefits one must be  LICENSED REAL BROKER in GA to SELL real estate they do not personaly own or to manage properties they do not…[Read more]

Karina,

No assumptions of your business model… Your simply have a website were you advertise properties that can be bought and you take a fee… pretty much clear cut Real estate agent buyer relationship,, however at the end of the day sounds like you have satisfied customers and thats what its all about,, especially when you see the absolute…[Read more]

Have her call a free legal aid hot line for tenants. Most every city has them certainly atlanta

Another Aussie Spruiker strikes

its insane really the financial losses that are attributed to these people.

this is why you hear Us US guys talking about at least using US Real estate agents who have E and O insurance.

when using these unlicensed people there is absolutely no recourse other than bitching on this site or others.

Karina,

Just because a US attorney bless 's you does not mean it would stand up to the RE commission.. You may have an action against the attorney for E and O.. But if the state thinks your selling real estate without a license it does not matter what your attorney said.

Many attorneys lose cases when the RE commission or the State attorney…[Read more]

Hope I did not jinx it for you.

Good series though they all went 5 games and could have gone either way

49er Giant rematch will be good sunday…  So SF will be a busy place candelstick full and SF Giants stadium full all on Sunday… And if both my teams win that day the BARS in SF will have record days no doubt.  Been a few years for us 49er…[Read more]

Respondent,

this is the soup de jour, response that I have seen from marketing companies.. ( WE DID NOT DO IT ITS THE PROPERTY MANAGERS FAULT)

Good luck with that one.. I bet in your marketing presentations you go on about how you source the BEST PROPERTY MANAGERS IN THE WORLD blah blah blah,, when in fact you just turn them over and hope for…[Read more]

Nick

Atlanta is a HUGE metro plex, I would need address's to see where the properties are to even begin to refer you to PM's thats that I know and trust in the area.

However you must have someone looking after them if your aware of the one house getting hit for all the copper.

glad to help if you like

Sah,

Sounds better than those getting totally screwed by spuiekers.

My only comment is that if for some reason someone makes a complaint to the RE commission your going to have an issue.

I had many turn key guys that were clients of mine that I made loans to their customers over the years who did the exact same thing as you ( claim they were…[Read more]

Ziv,

I think this one has some legs, however the way these foriegn promoters are representing that people can invest in single motel rooms is really out there.

However your correct, if there was no Oil fracking then there is no town and the place will end up a ghost town.

Is the property running as Expected ?

If you already own it a good PM can help you with the above.

if you want to send me details and if these properties are in a  service area we work we can help you with them.

9 months does not sound good… ONE THING that is critical is you need to contact your insurance agent if you have not already done so and get extended insurance on these.

Most policies will not cover any fire or any other loss if the…[Read more]

MGCdavis

WI is correct on these very cheap apartments… These are only suitable for investors that do this for a living and work and live in the community.. these are all low end be it black white hispanic,, this is the lowest common denomenator in tenant pool i the US… Extremely hard to manage and turn over is a given…Neighborhoods are…[Read more]

Karina,

so if I understand you right your negotiating a sale between a seller ( in this case a bank) and buyer and your charging a facilitation fee.

Are you a licensed Real Estate broker in GA… How do you do this legally if your not , just curious really.

SAturday,

There can certainly be liabilities on title at foreclosure sales.. and that is were the wheat is cut from the chaff.. Amateurs get stuck with the lemons those that have been in the bizz know how to research title ahead of the auction.

yes you get hold over tenants and you have to deal with them

And for sure you can get trashed units..…[Read more]

Wi,

I quote 55 a foot because that is what any builder who is in the business of building the same quality homes as you and I are buying are paying to build them.. My partner in Atlanta is building now.. I build in Oregon.. for these vinyl sided 7 foot ceilings formica counter tops cheap cabinets and basically as cheap as you can buy fixtures…[Read more]

I can't comment on the merrits,

However can comment on the legalities of buying motel units.

Unless these are condo's or I think  you call them Strata's  ( at least the canadians call them that)

there is no way you can own a single motel room.

You can invest in a company that owns the motel.. Or and LLC or corporation or whathave you but you…[Read more]