Finally finishing up my first duplex!

12 Replies

My wife and I jumped into the investing game in 2016 with this historic single family in downtown Macon,Ga. Though we were optimistic there were so many obstacles we faced throughout this entire process. It’s been 3 LONGGG years but our confidence in its potential has never wavered.

The property has built almost 40k in equity and will cash flow around $600/per month. I think despite the losses we’ve incurred the amount of knowledge and confidence I’ve gained from this project will propel us to go as far as this real estate journey will take us.

I say all that to say any beginning investor out there who is scared to start or nervous. Take the leap! Even if goes bad make sure your plan aligns with its potential and do it! The knowledge you gain and confidence will supersede all the downfall. At least, that is my opinion.

I currently reside in Atlanta and would love to connect with investors and real estate professionals around the area.

1st post. Major goal: Become a guest on the biggerpockets podcast 😆😆😆

Glad your first duplex went well! Would you mind providing some examples that made you want to throw in the towel during those moments? We’re looking for our first investment, so trying to learn as much as we can! 

@Jey Choi

Well when we bought the property it was marketed as a duplex. But it wasn’t until later on that we found out it was zoned to be a single family home. Which meant we had to go through the process with planning and zoning to get it reZoned. That was fun 😑😂

It also had sketchy electrical work done which we had to upgrade. & with historic homes once you touch a major system you have to bring it up to current code. It just seemed like blow after blow. It’s already enough cosmetically dealing with older home but i wouldn’t trade the experience for anything.

Marquis,

Hearing your story is refreshing! I have been looking in and around the Macon area but i'm a few hours away (down in Pooler). It's tricky trying to get familiar with the different areas without spending any real time there. I would love to connect with you and hear your opinion on the different areas and dealings in Bibb county. Congrats!

-Sergio

Congrats on your first deal. The cash flow and success is great, but the school of hard knocks education and confidence is priceless. Keep up the focused work and it'll pay off. At least that's what I tell myself!

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