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