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Updated over 2 years ago on . Most recent reply

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Beth Rook
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Which area to focus south Atlanta for wholesale or flip cheaply?

Beth Rook
Posted

I am in a southern suburb of Atlanta.  I would like to wholesale or flip in order to build cash reserves.  I've been told to pick an area to focus on.  I have no income to speak of or job.  I know this is a tall order, but where is the best area to focus on with 50k cash that I could quickly make a profit?  Example; I saw a 1 bedroom house in Macon for $11k that looks like, well completely disgusting, I'm thinking might cost more to bring back to life than it would sell for and would I be safe walking down the street.   But it's in my price range!  I feel like just diving in at that price and hoping for the best, but thinking I need to check myself.  Thank you.

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Michael Dumler
  • Real Estate Agent
  • Atlanta, GA
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Michael Dumler
  • Real Estate Agent
  • Atlanta, GA
Replied

@Beth Rook, 50k for acquisition and rehab costs is going to get you nowhere. Any property that's priced less than 100k and is 35-45 mins outside of ATL is going to need a full remodel. If you want to get serious about flipping properties, you'll need to work with a hard money or private lender that'll fund the deal and split profits with you. 

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