All Forum Posts by: Amir B.
Amir B. has started 73 posts and replied 303 times.
Post: How does off-market deals work when presented by a REA?
- Rental Property Investor
- Elk Grove, CA
- Posts 306
- Votes 76
Hello,
I never bought an off-market deal. The agent is asking for a 3% commission. I did see it on the FSBO website.
Is that normal? How do those deals work?
Thank you,
Amir
Post: I'm looking to invest in ATL area. Positive and Negatives
- Rental Property Investor
- Elk Grove, CA
- Posts 306
- Votes 76
Quote from @Mitch Messer:
Quote from @Amir B.:
Hi Mitch,
What types of properties do you recommend?
I much prefer fee-simple single-family houses (SFHs): no monthly condo fees, no surprise assessment charges, and no dysfunctional condo boards. Plus, I propose that most prospective homebuyers who come to Atlanta want privacy, space, and some level of autonomy. Condos offer pretty much the opposite of all of those!
Many new investors I know pursue condos because they're generally cheaper than SFHs. What they don't consider is that there are good reasons why condos are so easy to buy and so hard to sell!
My first three deals ever were condos; the multitude that followed were not! I may be a slow learner, but eventually even I got the memo!
Thanks Mitch. I should have known this but went with the agent's recommendation.
Post: I'm looking to invest in ATL area. Positive and Negatives
- Rental Property Investor
- Elk Grove, CA
- Posts 306
- Votes 76
Hi Mitch,
What types of properties do you recommend?
Post: I'm looking to invest in ATL area. Positive and Negatives
- Rental Property Investor
- Elk Grove, CA
- Posts 306
- Votes 76
Hi,
I do have an agent now but if something changes I would be happy to connect with you.
Thanks,
Amir
Post: I'm looking to invest in ATL area. Positive and Negatives
- Rental Property Investor
- Elk Grove, CA
- Posts 306
- Votes 76
Hello,
She didn't say why but my price point is under $200,000. I don't like HOA dues. She did say her investors are investing in condos.
Thanks for responding.
Amir
Post: I'm looking to invest in ATL area. Positive and Negatives
- Rental Property Investor
- Elk Grove, CA
- Posts 306
- Votes 76
Hello,
I'm looking to invest in the Atlanta area. The agent is recommending condos. I have never invested or looked into that area.
Does anyone have any feedback about investing there e.g. good and bad? I will be an out-of-state investor.
Thank you,
Amir
Post: First RE Deal in Parma, OH
- Rental Property Investor
- Elk Grove, CA
- Posts 306
- Votes 76
Not really. Replaced floors and paint.
Originally posted by @Kalanie Tran:
@Amir B. Just curious, did you remodeled kitchen? What other work did you do to the house in order to rent it for $1100?
Post: First RE Deal in Parma, OH
- Rental Property Investor
- Elk Grove, CA
- Posts 306
- Votes 76
@Daniel D.
After two years of owning it. It's been great. We raised the rent to $1150 now. I paid off the property last December so 100% cash flow minus insurance and taxes.
Post: How to get started in MF Apartment Complex Investing
- Rental Property Investor
- Elk Grove, CA
- Posts 306
- Votes 76
@Kevin Dean thanks for the advice. I will look into it.
Post: How to get started in MF Apartment Complex Investing
- Rental Property Investor
- Elk Grove, CA
- Posts 306
- Votes 76
I like to start out being passive until I leave my W-2 job. Yes, I would hire a PM.