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Angel Coleman
  • Residential Real Estate Agent
  • Marietta, GA
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New at this

Angel Coleman
  • Residential Real Estate Agent
  • Marietta, GA
Posted Jul 6 2014, 18:35
I live in ga. Can anyone reach out to me on how I should finance this quadplex I went to look at today. It is vacant & it need at least 15k in repairs & they want want 129k. I am about to pull the comps. But determine to buy. Is there any private lenders who would be interested in assisting me. Let me know if anyone can help. Thanks

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Abhi Golhar
  • Investor
  • Atlanta, GA
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Abhi Golhar
  • Investor
  • Atlanta, GA
Replied Jul 8 2014, 18:22

@Angel Coleman I live in Atlanta and can be of some help depending on the numbers and deal. Connect with me!

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Azeez K.
  • Investor
  • Atlanta, GA
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Azeez K.
  • Investor
  • Atlanta, GA
Replied Jul 9 2014, 13:24

Hi @Angel Coleman 

Where is the property located? What is the layout (2Bed 2Bath/2-1 etc)?   Thanks again

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Angel Coleman
  • Residential Real Estate Agent
  • Marietta, GA
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8
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Angel Coleman
  • Residential Real Estate Agent
  • Marietta, GA
Replied Jul 9 2014, 20:28

This property is by six flags.  It is a townhouse it has 3/2.5 with full finished basement.  They want 34,900 for it. I pulled the comps worth 70k & can rent for $715-$850 per month. Definitely a buy & hold.

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Brandon Turner#2 Questions About BiggerPockets & Official Site Announcements Contributor
  • Investor
  • Maui, HI
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Brandon Turner#2 Questions About BiggerPockets & Official Site Announcements Contributor
  • Investor
  • Maui, HI
Replied Jul 9 2014, 20:40

Hey @Angel Coleman  thanks for introducing yourself! It's great to have you here! Don't miss The BiggerPockets Podcast - they are great for learning how others are finding success.

Have you read this post yet? You might enjoy it: How to Buy a Small MultiFamily Property: A Step by Step Case Study

Oh - and be sure to set up some Keyword Alerts- especially for "Marietta" so you'll be notified when people mention it here in the forums.

Thanks again for introducing yourself!

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Angel Coleman
  • Residential Real Estate Agent
  • Marietta, GA
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8
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Angel Coleman
  • Residential Real Estate Agent
  • Marietta, GA
Replied Jul 9 2014, 21:14

Brandon I sincerely appreciate your support