Atlanta - 2nd buy and hold

2 Replies

Investment Info:

Single-family residence buy & hold investment in Atlanta.

Purchase price: $191,000
Cash invested: $14,000

Single Family buy and hold. Purchased and completed bathrooms and other minor cosmetic rehabs. Monthly cash flow not including maintenance, cap ex expenditures.

What made you interested in investing in this type of deal?

long term wealth building, extremely cheap financing.

How did you find this deal and how did you negotiate it?

MLS, not much negotiating happened in a rapidly escalating market, however there was less retail competition due to the work required.

How did you finance this deal?


How did you add value to the deal?

2nd bathroom had been ripped out due to water damage. Lot severely overgrown, floors in bad shape, house was generally not well taken care of. I completely re-did both bathrooms, re-working layouts to be more functional. re-did floors, tamed lot, other minor cosmetic upgrades and repairs.

What was the outcome?

rented for top dollar, very strong interest, could have priced rent higher in hindsight.

Lessons learned? Challenges?

As usual, contractors were the main challenge. Quality work done on time within budget is extremely difficult to find, managing from a distance makes that even harder. For the next deal I'll be looking for something where I don't have to leave as much cash in the deal.

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

We hate spam just as much as you