Onsite Renovation Group Meets on December 3, 2019 with Stephen Jones

Please join us on Tuesday, December 3rd, 2019 at NOON for the Atlanta REIA Onsite Renovation Group (ORG) to learn all about finding, funding, fixing and flipping houses for big profits right here in the metro Atlanta area. This month’s rehab project is located at 2586 Caladium Dr NE, Atlanta, GA being managed by Stephen Jones.

This property is a deteriorated 4 bedroom, 2.5 bath, brick, 2-story house on a basement. In addition to the massive clean-out, there are multiple water leaks, animal penetrations and mold. Stephen purchased the property on November 8th for $290k, with $250k in owner financing at 8.5%.

Stephen plans to keep the 4 bedrooms upstairs, but expand the master suite to have a larger bathroom and walk-in-closet, by moving the existing hall full bath to the end of the hall between 2 bedrooms. He also plans to create a laundry closet to the left of the stair landing.

On the main level, Stephen is planning to open the non-structural walls between the den and kitchen, and the kitchen and dining room. The kitchen will be moved to the existing dining room and the existing kitchen will become the dining room. The current formal living room will become a fifth bedroom, and a mudroom and full bath will be built in the space to the left of the front door that is currently an office.

Since the drainage exits the house at waist-height, creating a full bath in the basement would be very expensive, so he will simply finish half the basement into an entertaining space.

The existing sunroom will be divided in two: One half will remain heated/cooled space, the other a screen porch, with a new deck built off of that screen porch.

All windows and doors will be updated; along with all systems and mechanicals. The hardwoods will be repaired where needed and refinished, a new roof put on, and the exterior lot cleared of trees and re-sodded.

RSVP NOW and come join us at the Onsite Renovation Group to see this property before the rehab begins and see it again when it’s finished!

The Atlanta REIA Onsite Renovation Group (ORG) is an educational and networking group led by Dustin Griffin and Don DeRosa that focuses on the acquisition, renovation and retail resale (fix and flip) of single family residential homes. The purpose of the group is to allow both new and experienced rehabbers and investors to meet, network and share knowledge and experience with “hands on” access to real property.

• Wholesalers, bring your deals! We could be your next buyer!

• Lenders, bring your money! We could be your next borrower!

• Agents, Contractors and Other Real Estate Pros, come join us! We could be your next client!

The Onsite Renovation Group meets TWICE A MONTH on the 1st and 2nd Tuesday each month at NOON at an active renovation site, build site or rental property which will vary from month to month. As always, there is no charge for Atlanta REIA members to attend. Guests & Non-Members can RSVP Online for Only $15 or pay $20 at the door. Come join us and RSVP Now!

The Onsite Renovation Group is sponsored by New Western Acquisitions & Baker Collins.