College Student: House Hacking a Seller Financed Deal in Atlanta?

College Student: House Hacking a Seller Financed Deal in Atlanta?

Member since 2019 · 4 posts · 1 vote

Hey Y'all,

I am college student in the Atlanta area and I want to buy my first investment property before the end of the year. I have limited capital & good credit. Although I have no problem making monthly payments, I would have a hard time qualifying for a conventional loan. I either want to house hack a multifamily property or find a SFH with 3+ bedrooms to rent by room. I am looking in the 30314, 30318 areas.

What sellers would be interested in this proposal and what is the best way to find them? (Perhaps established landlords?) I know the Atlanta market is hot, but I am willing to put in the work to find the needle in the haystack. 

Methods I am considering: zillow, craigslist, mls, mls expired listings, asking everyone I can find

0Reply
35 views

Investor-friendly agents in Atlanta, GA

See the agents BiggerPockets members work with in Atlanta, GA.

3 Replies

Jump to latestLatest
  • Realtor · Atlanta, GA · Member since 2018 · 103 posts · 28 votes
    6y

    @Arionna Russell hey! I think that you are using all of the proper channels. The for sale by owners and expired listings are more likely to be open to seller financing. I would continue to call and email sellers daily. 1 out of 100 will be a bite. Strategically consider how you will structure the deal.

  • Member since 2019 · 4 posts · 1 vote
    6y

    @Justin Lee thank you!

  • Real Estate Agent · Atlanta, GA · Member since 2017 · 86 posts · 71 votes
    5y

    @Arionna Russell I'd also get comfortable with Subject-to, I've had luck in 2020 structuring deals this way personally and with clients.

Join the conversationCreate a free account to reply, vote on answers and follow this thread.