Greetings from Atlanta

[Andrea F.]

Greetings all, I'm very excited to have recently found the Bigger Pockets site, and after a week of reading everything I can on here, thought I'd introduce myself.

My partner and I are part-time real estate investors and have a small LLC in Atlanta, Georgia. We have been using cash and creative financing to purchase, rehab, and rent single family houses in the Atlanta area since December 2010. We have assembled a fantastic team, met great tenants (so far!) and even have potential tenants/referrals asking us when the next house will be ready.

Now that we have some experience and good resources, we are looking to expand our business, improve out strategy (perhaps flip in addition to rehab), and explore additional financing.

As for some background info:
We own 4 properties in Stone Mountain, Decatur and Atlanta. They are single family homes, 3 Bed/2Bath foreclosures, sale prices ranging from $20-28K and requiring $8-12k in rehab, in neighborhoods with comparable houses currently going for $65-90k. All houses have been paid in full, and are currently bringing in $800-900 monthly from tenants.

My partner and I are husband/wife with full-time jobs, personal home, and a second mortgage on a vacation rental property in Florida. We both have great credit.

We have been purchasing relatively low priced houses with cash, and now wonder wether we should "up" our price range for the sake of getting financing, or keep our strategy the same and look for more alternate forms of funding. We have also been purchasing properties for rentals, but are considering flipping in the near future depending on the property.

I would love to hear from others with more experience on how to take this to the next level and deal with financing.

Thanks,
Andrea