Rental Property Investor · Athens, GA · Member since 2019 · 28 posts · 13 votes
Hello Everyone,
I'm currently based in Norcross but will move to Athens in September. I'm planning to purchase my first rental property/house hack there. I'm looking forward to connecting with RE agents/investors/contractors/PM in the area! I have about $58k in cash and was pre-approved for $300k conventional loan.
Right now I'm really looking for an investor-friendly agent who can help me find/bid on deals. Anyone who has recommendations please feel free to let me know!
My strategy is to buy a duplex in $100k range and live in 1 unit. Or buy a 3/1 SFH and rented out a room. There're recently a few duplexes that on sale for around 110k on the East side, which on paper the CoC ROI turns out to be 8-10%, not too bad?
Is there any neighborhood/part of town that I absolutely need to avoid?
Hello @Hieu Bui and welcome. I think you will like Athens Ga. I will be in touch with you to talk and see in what way I can be a resource for you! The east side of Athens is a great little area! Most duplexes in Athens will need some deferred maintenance work before you are able to charge the top of the market rents. As far as where not to invest... There is a neighborhood called Stone Henge on the west side of Athens. I would personally stay away, even if the property was free.
Hello @Hieu Bui and welcome. I think you will like Athens Ga. I will be in touch with you to talk and see in what way I can be a resource for you! The east side of Athens is a great little area! Most duplexes in Athens will need some deferred maintenance work before you are able to charge the top of the market rents. As far as where not to invest... There is a neighborhood called Stone Henge on the west side of Athens. I would personally stay away, even if the property was free.
@Jared Siegel Welcome to the forums! I see that you live in Athens Ga as well. I am also in Athens would love to talk and see how we can benefit one another.
Hi, my wife and I are actively investing in Athens. Recently closed on an east side property. We've looked at a number of duplexes over the last few months. Definitely good opportunities and some estate sales that are moving quickly. I'm fairly new to the forum and looking to connect with locals and share info. Welcome!
@Hieu Bui Hey I live in Athens, GA also. It is a great market, I am an investor and broker here. I am currently also helping a client with getting in a duplex to house hack. I’d love to help!