All Forum Posts by: Samuel S.

Nicholas,

I can help in Atlanta area if you wish to invest up here. PM if you interested.

Thanks - Samuel

How many bd / bth? Location? How big is the community? How many units inside the community is listed for rent? Last year sales history & comps? Crime history? Have you talked to anyone that lives there to get the feeling of the place? Those are some of DD questions I would look to get answers for. HOA high, how old is the place?

J Scott,

Can you PM bank info as well? Similar situation, more units.
Thanks - Sam

Nicholas,

Can you advice on where are getting such a small loan? I like personally condo / townhouse rentals but up to date I haven't had much luck with financing such a small purchase.

Thanks - Sam

Andy,

What type of investment properties you're looking for? I'm from ATL and own 7 rental properties. Market is great and promising for rental properties. Feel free to PM, I can spare some time for a lunch!
Thanks - Sam

I agree with Jason here. I just fixed my 1000 sqft townhouse and also went little off with my estimate, but there are things that you might consider changing or re-doing after you start the work on that property. In my case I decided to put new, HVAC system and cage over my AC unit instead of used one, and few more. ( Thinking kicks in - "it's better to fix it all while it's vacant and contractors already there). Given the fact, that the place is 150 years old I would definitely expect unexpected. Did you check Buffalo for rentals? Friend of mine just relocated to ATL from there and he owns 22 rentals in Buffalo, NY. He told me he was looking to sell some of them to invest more in ATL area. All of his properties are rented and are in 25k price range. PM if you interested

$55, wow that's a big increase, what did you rent it for?

http://hotpads.com/search#lat=33.70631702490377&lon=-84.12226617336273&zoom=24&previewId=56c552jwpx7td&previewType=listing&detailsOpen=true&listingTypes=rental,sublet,room,corporate&includeVaguePricing=false&loan=30,0.0525,0

http://hotpads.com/search#lat=33.70631702490377&lon=-84.12226617336273&zoom=24&previewId=56c552jwpx7td&previewType=listing&detailsOpen=true&listingTypes=rental,sublet,room,corporate&includeVaguePricing=false&loan=30,0.0525,0

Here is the link to it Jon, I got new HVAC system with cage for AC, stained cabinets, from old oak color, reconfigure appliances for more access to kitchen tops, replace tops, refreshed bathrooms (new vanities, fixtures), re-done all the flooring, repaint the railings from old black color, hang little coat holder and replaced the window on 1st floor.

I guess I would never think that my experience and interest will grow towards real estate after BP info regarding rentals. I got my 3rd Rental for $10.750 2b 1.5 bath 2-story townhouse, renovated it my way (my cost with closing and reno around $19.8k), rent it the last day of reno for $650 / month, got 6 month up front rent, $400 deposit - ( they liked it soo much ) and moving on to next one!
Thanks guys for your input and smart heads! :p