Dalp Pearson's (dalp) Blog

ALL REAL ESTATE AGENTS in the Atlanta specializing in the Cascade/Redunion Place areas... My friend has recently relocated to Atlanta area and wants to purchase a 3-4 bedroom; 2 bath house in the Reunion Place, Cascade and/or similar neighborhood Purchase price between $100,000 to $150,000 --- mo...

 Rehabbing From Start to FinishYour First Team Meeting________________________________________________Step One - Meet With Contractor & Define Job  •(1)   Get required define the job & investigate Permits.  •(2)   You'll need:•·        A list of repairs •·        A projected Total Cost. •·       ...

 Your First Team MeetingStep One:  Meet With Contractor & Define Job Step Two:  Define Job & Buy Materials --------------- The Work BeginsStep Three:  Demolition Step Four:  Roof, Windows & Siding Step Five:  Framing & Sub-floors Step Six: Wiring & Plumbing & HVAC Step Seven: Sheet Rock (Drywall)...

   Learn how to do the rehab, even if you don't plan on doing the work yourself. Your first four (4) properties are going to be your Training period. You will do four (4) projects as described below.  Each project will give your more experience, familiarity and training on rehabbing and the rehab...

     Questions To Ask Hard Money LendersPage 2 of 2 Pages      Repairs                                                                                      19.Can I get repair money to Rehab my investment?□ Yes     □ NoHow much?  $20.What is required for rehab work? 21.Escrow Draw Account     -- ...

   Questions To Ask Hard Money LendersPage 1 of 2 Pages       1.What is maximum amount you fund on   Residential  $_____           Commercial $_____          Land $______2.What's your "Loan to Value" (LTV)?  □ 65%      □  70%     3.What interest rate do you charge?     $ ______     4.Do you write...

 What is Hard Money (HML)?________________________________________________•·        HML is a specific type of financing based on the "Value" of  real estate •·        HMLs are made on the Raw Equity of a particular property•·        HML's Loan to value (LTV) ratios are usually  around 50-75%.  •·...

   This morning I overheard an interesting conversation a distraught real estate broker was having with a friend over coffee.  He was talking about a house fire and that his insurance agent told he and his wife that they were not covered for some of the items they assumed were covered in their po...

 I know how to deal with stressful situations:  I'm usually on Prozac. When I'm not, I take lots of cigarette and coffee breaks.I seek a job that will draw upon my strong communication & organizational skills:  I talk too much and like to tell other people what to do.I'm extremely adept at all ma...

 An agent in my office attended a septic tank cleaning on behalf of her buyer along with the listing agent & the husband-seller. When the service man lifted the lid of the septic tank, he beckoned to everyone gathered nearby to come look. "See all those white floating things," he said, "condoms c...