Investor · Sacramento, CA · Member since 2017 · 15 posts · 6 votes
I have been looking at Bibbs County and I am interested in the area. Any information from folks that have experience investing there would be much appreciated. I like the 35-40k price range and I am wondering if the 1.5-2% rule can be met with SFH rentals. Thanks in advance!
Rental Property Investor · Los Angeles, CA · Member since 2015 · 29 posts · 19 votes
8y
Hi Jeremy, I'm a Californian in contract for a duplex in Macon GA, a town I studied for so long I missed the boat. I visited recently, offered on 4 properties, passed on 2, and hopefully can close on one. I am looking mostly in the historic areas near downtown, so I am casting my net narrowly, but my sense is that the super-bargains for residential are gone. The properties available are in truly heinous condition and sellers are unrealistic about their value. Rents are not increasing fast enough to justify purchase prices. Vacant land in promising neighborhoods is being hoarded by the Land Bank Authority (which you cannot sell it for a profit). The mixed use buildings downtown look better; loft rents are good and local organizations are helpful to developers. My strategy on this duplex is BRRRR, and while it's on the operating table I'm looking for the next Macon. Let us know if you have other ideas, like same-size towns in Nevada....
Rental Property Investor · San Diego, CA · Member since 2018 · 15 posts · 0 votes
7y
I am also from California looking to out f state invest. A friend of mine mentioned that 31088 is good. Stay south of Watson st. Does anyone have any other recommendations on investing in this area. I see there is a high crime rate and this is concerning. Looking to buy and hold for cash flow and would need a reliable property management team to meet as I am told can be troublesome in the area.