Finding a great deal requires seeing something that others miss or creating an opportunity where others see work. Tremayne Thomas has been able to identify great investment opportunities by identifying the next hot neighborhoods, creating off-market solutions and remaining open-minded. Tremayne is the Principal of Real Estate Acquisition Partners LLC with 10 years of investing in and marketing real estate. On this episode, he shares how to find the next hot neighborhood and investment opportunity.
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Key Market Insights
Atlanta is great all the time and the city is changing right before our eyes
The Atlanta beltline – a 22-mile walk, bike, run trail around the city
Transit is being built around this loop, connecting neighborhoods that weren’t previously connected
Development plans are public knowledge
Bullseye Tip: Get in the path of the development plans
How to find the plans: Go to the city website, department for zoning and planning, overlay it on Google map to make note of the plan and execution
Everyone used to want to be in the suburbs (Alpharetta, Marietta) but now people want to spend more time in the city
10-12 neighborhoods that people are actively seeking properties
Transit Oriented Development (TOD) – more than 20 stations
The city pushed to put a train stop near the new Mercedes-Benz Stadium
As people look to avoid traffic and seek value, they often can’t afford homes in established neighborhoods, so they look at transitioning areas
Graduated from Howard for undergrad and Wayne State for grad school
Intrigued by car washes after seeing $3 car washes in Detroit
Started in real estate as a wholesaler, but did not have the respect of many agents – however, he remained a wholesaler at heart
Inventory is tight so finding great deals is tough – wholesaler background is beneficial to finding deals in a tight market
Found 320 off-market deals by deriving different routes after moving to Atlanta from the suburbs
Encourages sellers to allow them to market the property off of the MLS
Why Sellers List Off-Market: Not ready for MLS, Agent Experience
Encourages clients to do a little bit of work to drive property value
Leverage social media to market to buyers and sellers
Network with other investor associations and groups
Car wash owners consistently net $300k after year one
To acquire a car wash, you need a great lender and 20% down
Bull’s Eye Tips:
Winning Your Market: Bring off-market sellers
Tracking Market Changes: Going to meetings and strategizing
Daily Habit: To Do List
Resources:
Best Business Books:
The Magic of Thinking Big by David Schwarz
The One Thing by Gary Keller
Digital Resources:
Google Maps
Tweet This:
“Development plans are public knowledge”
“As people look to avoid traffic and seek value, they look for value in transitioning areas”
Places to Grab a Bite:
Connect with Tremayne:
Email: TT@parkhouserealtors.com
IG: TheParkHouseGroup
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