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 😆😆😆
Hey @Marquis L. Robbins always love to hear a success story! Thanks for sharing!
That is a great story! Encouraging for all the beginner investors out there!
@Matt Hershberger thanks! things were looking pretty grim for awhile but what’s a good story without some challenges.
It's awesome you guys stuck with it and never lost confidence. Real estate can be a true test of character for sure!
I am new to Real Estate and love hearing these success stories after a grind. Very encouraging thanks!
We are too! There were a couple times we almost threw the towel in but the bigger picture kept us going.
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!
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.
Glad we could be inspiration. The leap is worth it
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!
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!
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you