All Forum Posts by: Allen Thomas

Wow Teri... This is horribly late, but I have some folks down there who do good work. PM me if you still need contacts. Electrician, contractors, etc. 

I'm always down! 

Hey Bob, I live in ATL but invest in Columbus. I know that some investors have been trying to get a group together to meet for some time. You should comment on that thread! 

Address: 3321 Carver St, Columbus GA 31906

This home is move-in ready and has been recently renovated. New paint, new carpet, new cabinets/vanities, new toilet, new countertops, etc! Rents in the neighborhood for 2 bedroom, 1 bathroom renovated homes are between $500-$600, and the house is located on a very quiet street. This is a great opportunity for someone looking for something with great cashflow potential. $550 in rent would be 1.45%! The property is going on the market today and will soon be on the public sites like Zillow and Trulia, so if you are interested, provide your email address and I will send you pics and more info asap! 

@Matthew Paul, the additional rental income would definitely offset the taxes, and the equity could be used to purchase an additional property. The additional bath and finished basement would put the home in an entirely new price point. 

In addition to increasing the rental value by attracting a bigger family to rent it, a 3/2 would be worth significantly more and put you in a greater position equitywise. 

@Carlton Kohler, have you sold this property yet???

Hey man this is a great strategy for building cashflow! I don't really have the stomach for landlording right now, but if I did I would definitely do something similar! Kudos!

Man that was an amazing turnaround time! Nice!!! 

Well done! What repairs were needed? 5K is really low, so I assume they were mostly cosmetic?