First Pontential Rental Property

[Khorey Beauford]

I am thinking about putting in an offer on my first property near down town Atlanta but I’m not sure if it’s the right area, house size, or prIce. The property Is a 2bed 1 bath, 897 square feet listed for $129k. I was thinking of putting In an offer of $90k with puttImg down 20% and fInance the rest over a 30year period and rentImg for $1k a month. 1. Is ThIs A Good Strategy? 2. Do I have to put In All Cash If I Make ThIs Offer? 3. Is ThIs House To Small For the Amount I Would Rent In The Area? Address to the property: 1057 Brookdale Dr, EAST POINT GA 30344

[Jeremy England]

Pretty vague questions.  

I think you need to read some books on valuation and investments strategies.  I can recommend J Scotts book on flipping houses and Anson Youngs Finding and funding deals.  

Its not an all cash offer if you are financing.  It is a financed offer.  An all cash offer would literally mean you can show up to the closing with all the money in cash, the advantage is fewer hassles, fewer costs, quicker closings.  An all cash deal can be closed in about 4 days.  A financed offer will take weeks or months.  

Whether your offer is realistic would depend on many factors.  Seller motivation, condition of property, comparable sales, etc.  USe the search feature  here and do some research.  Read or listen to some books.  You don't have to buy any if you don't want to  either.  You can find similar books at amazon for free that use similar strategies.