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All Forum Posts by: Alena Beecher-Ritchie

Alena Beecher-Ritchie has started 2 posts and replied 18 times.

Post: Input on how to start out

Alena Beecher-RitchiePosted
  • Real Estate Agent
  • Roswell, GA
  • Posts 19
  • Votes 13

Hi Tyler, 

Will this home also be your primary residence while doing the BRRR method? Have you considered an FHA 203K renovation loan? Down payments can range between 3.5-10%

This may be a good option for you.

@Michael Kotylo

I have experience investing in up-and-coming areas in Atlanta.  I had 3 properties with long-term tenants for a few years. I also self-managed those properties and boy did they call me for any and every reason. I later sold those properties and now only focus on nice areas in good school districts.  When looking for homes, I go after poorly photographed homes with vague descriptions. I look for value that the listing agent hadn't highlighted well. In my market, I find there are more deals in the off-season ( October- January).

Your subject investment property seems quite a bit risky. How many bedrooms and bathrooms? SQFT? STR or LTR? Could it be converted to become a duplex?

Post: flip rehabs/returns - how do i compete?

Alena Beecher-RitchiePosted
  • Real Estate Agent
  • Roswell, GA
  • Posts 19
  • Votes 13

I see you have a marketing budget of $500 that includes staging.  Please make sure that you hire the best photographer in the area.  And that your exterior presentation is on point.  You will need to make the best first impression.

The view looks amazing! Especially the sunset photo! Congratulations! 

Post: Suggestions to house hack

Alena Beecher-RitchiePosted
  • Real Estate Agent
  • Roswell, GA
  • Posts 19
  • Votes 13

Hi Courtney, 

What area is your primary located? I'm a Realtor and Investor in the Atlanta area.  I would love to give you an accurate property analysis and talk about options.  Feel free to reach out!

Yes, you are preaching!  Real estate investing is a long term play! Especially given all the uncertainty in today's market. Great post!

Post: Any North Fulton STR and MTR Host?

Alena Beecher-RitchiePosted
  • Real Estate Agent
  • Roswell, GA
  • Posts 19
  • Votes 13

Thank you Brooklyn!

I've been lucky to receive guests staying 60 or more days. I'm curious to see momentum in the fall and winter months. My property is a fairly new listing but in a great location. 

How's the STR market where you live?

Post: Any North Fulton STR and MTR Host?

Alena Beecher-RitchiePosted
  • Real Estate Agent
  • Roswell, GA
  • Posts 19
  • Votes 13

I would love to connect!  How is the journey going for you so far? 

Our MTR is located in Milton, Georgia!  So far, it's completely booked until August 1st!