The Acquisition Process

Market Analysis:

  • Identify the submarkets in Atlanta that provide the greatest opportunities
  • Utilize our network of contacts and our proprietary HUD acquisition software to target properties
  • Visit each potential property and generate preliminary renovation estimate
  • Submit offers on properties that meet criteria
  • Generally, we look at 500 properties to ultimately purchase 1

Acquisition:

  • Execute Contract and deposit earnest money
  • Finalize renovation budget
  • Assign project team to complete renovation
  • Additional walk through with Project manager
  • Order required materials
  • Begin marketing property to investors

Renovation and Marketing:

Each Property is renovated “rent ready” inside and out including:

  • New carpet and flooring as required
  • New paint inside and outside as needed
  • New Appliances- refrigerator, stove, dishwasher
  • New HVAC as required
  • New Light Fixtures, as required
  • New door hardware, stops and switch plates as required
  • New hot water heater as required
  • Freshen up the landscaping
  • We begin marketing the property to our investor clients

Tenant Placement:

  • The renovation work is at least 80% complete
  • Property is entered into our database and made available through our top performing lease/purchase website
  • Additional signs are installed to provide maximum coverage
  • Tenant applications are reviewed and screened
  • Applicants that pass the first level of screening move on to further review
  • Applicants submit to a credit check
  • References are checked
  • A lease is executed and deposit secured

Investor Financing:

  • Investors are prequalified
    • We work with you to walk through the process with our team of preferred lenders
    • We explore alternative financing options
  • Investor works with our team to choose the home that meets their criteria
  • Contracts are executed and earnest money is deposited
  • We work with experienced lenders, attorneys, real estate brokers and insurance agents to make the process as smooth and seamless as possible

Closing and Management:

  • The process is complete with the closing of the property
  • Most closings occur remotely with no need to attend in person
  • The investor chooses to either self manage or enter into a management agreement with one of our preferred management companies