Real Estate Investor · Columbus, GA · Member since 2012 · 14 posts · 1 vote
My Name is Meidrian, I currently have my FIRST property under contract here in Columbus GA. Already working joint deals with a few ppl in Atlanta. Looking to network with anyone, and learn from you guys as well.
Hey Meidrian Durden and welcome to BiggerPockets. Congrats on getting your first property under contract and lots of luck moving forward with your investments. Do let us know if there's anything we can do to help you out, and please jump in and get involved; you'll find it to be a great community.
Thanks James!! @ J Scott...the Columbus market is Awesome for investors right now. One of the major army bases just closed recently, and all of the soldiers are relocated here. $$$ The only drawback is, I'm having trouble located cash buyers here in the area. (probably because I'm a newbie) but I'm having no problem AT ALL finding buyers in ATL, and elsewhere... Commercial lots are a big + to invest in in N. Columbus right now also, because the city is buying up a lot of the property in that particular area, and apartment complexes are being built literally every 3-6 months.
Welcome to BP from another newbie. I am doing a lot of investing in Cleveland and have considered having a look at Columbus. It's nice to get some local feedback on the area.
Everyone seems to like Atlanta these days, including my business partner. I have to wonder how long the deals will be there with so many investors in that market.
Thanks for the warm welcome. Yes, Atlanta is indeed a hotbed right now. I'm currently involved in quite a few JV deals out there as we speak. But I like the fact that I'm in Columbus, it's about to REALLY boom here shortly, you can tell. Columbus is only an hr drive south of Atlanta also, so that's a plus. I think you guys will be alright with Atlanta for awhile, it's SO many properties availble. But do not sleep on Columbus, you will thank me later...I Promise!
its a really cool to be connecting with you guys in the Atl market. I will keep you and others informed when I have a few properties of MY OWN under contract to unload in the near future. What you mentioned is true. Things are tightening up on inventory EVERYWHERE (banks holding back inventory and corporations buying in bulks with millions...i think). But from what I've been told by a few seasoned investors, is that Atlanta and Tampa is still doing alot better than other places. Me personally, I'm only doing probates and fsbo's right now. I'm trying to learn everything I can about reo's, but have a partner of mine concentrate solely on those, while I stick with the probates...that way we can knock out 2 in 1 for my business!
Welcome Meidrian. I looked at some stuff in Columbus about 3 years ago and almost bought an 8 unit property, but it was going to be a lot of work and too difficult to try to manage the project from a distance. I may end up looking down that way again sometime as I'm wanting to start adding some more rentals.
Hey Andy! Let me know when you do decide to start looking this way again. I will keep you in mind when I come across GOOD handyman specials. Also, I will contact you when I have anything in the Atl Metro as well.