Hey Team, I've had a handful of BP'ers reach out to me about investing long distance in Macon, GA so I just wanted to provide an update. Just closed on a tenant occupied (2 years for each tenant) duplex in Macon (paying 950 per month total for both units with Landlord responsible for water, trash). Owner moved to San Fran and wanted to offload some investment properties. Asking price was 39k. I offered 33k. Offer was accepted. Did the inspection and asked for a 2500 reduction - seller agreed. No immediate repairs needed. Closed in 2 weeks - cash purchase. This is my second purchase in Macon. First duplex in my portfolio (which was a goal of mine this year) and fourth rental property out of state; 10th door overall (6 are in south Florida). I live in Florida - my out of state investments are in GA. Property taxes are low - roughly 500, Insurance is roughly 500/year. I'll get a property manager if things get sketchy. I'm happy with the potential cashflow. Honestly, still a little timid about investing in C class properties that are out of state but if I don't try, I'll never know. Just sharing my journey - hoping it will encourage someone to just take the leap! Oh, and I'm 6 months pregnant with my 3rd child (all will be under 6 years old) SO ANYTHING you put your mind and effort to is POSSIBLE guys. On to the next one...
Congrats! Come to our monthly women’s group August 28 listed on events page.
@Jennifer Brown Wow! That's gutsy - good for you! I was looking into out of state investing in South Carolina. I'm in Florida also - west coast. The savings on the cost of a property were offset by the crazy property taxes charged to out of state investors. Maybe I'll take a look at GA! Best of luck on your next project...I mean baby! LOL
@Jennifer Brown could you elaborate on how you found the deal? Wholesaler? MLS?
Great job @Jennifer Brown Good luck to you.
@Quentin Brown thank you so much! Same to you :-)