All Forum Posts by: Andrea F.

Thank you for your response, greatly appreciated.

Anyone sold property in Moscow? In the process of selling a condo and have everything under control from the Russian sire, but am just looking to hear from anyone that brought the profit back to the US - were you hit hard with taxes. Any way to find a break? How did you transfer your funds?
We also heard rumors that you are only taxed based on the value of the property when you moved to the states and/or became a permanent resident, but our attorney never heard of that. I'm just asking for some second opinions from anyone on BP that might have gone through this sort of international transaction.

(Background, this is my husband's property. He lived in it with his grandmother most his life, and inherited it when she passed in 2001. In 2003 he moved to the US, became a permanent resident in 2004ish, citizen in 2009.)

Viewing from an iPhone right this very minute. Same functionality, and fine if I just want to check on something. Could be optimized mOre for mobile viewing, but I think the general structure of the main site should be tended to first.

Yikes... I havent had any trouble with Fulton County, but I've only dealt with single family homes. Thanks for sharing.

Simon - Yes, that's one more option I need to consider and haven't thoroughly examined yet. Sometimes I get a little overwhelmed, so it's great to hear suggestions on here, even if they are obvious to most other people.

Hi All - been using cash to purchase properties, but now may have to turn to financing to acquire more properties this year. My goal is 3-4 more single family homes this year (rentals, and perhaps a flip if it's the right house).

This year I have purchased 4 houses in the Atlanta area, rehabbed, and rented (wrapping up the 4th soon). Paid $20-28k cash and put in $8-12K reno, renting for $800-900 month. I've felt comfortable starting out in this price range, but seems for financing that I will need to go up to $50k to get any kind of mortgage.

What direction would you take for financing? We have been talking to some folks about Homepath loans, but with alternative funding we could buy 2 properties for the total costs of going through the Homepath process, and also keep it in our LLC. I am trying to research commercial loans (my team could easily handle more than 3-4 homes if we got a larger amount of funding). Seems like blanket loans are for those already with mortgages, and portfolio loans are next to impossible. Any other way to finance several homes at once with one larger loan? Or a way to finance the $20-$30k individually? I'm still learning, and very welcome to input.

And if this helps with your answers, my partner/spouse have 780+ credit, full time jobs, and mortgaged personal home.

Thanks,
Andrea

Hey, looks like the welcome committee missed you, so welcome! (I'm from the the south/Atlanta, so I have to be hospitable :)

Welcome! Hope this community can help you get out there. I consider myself new compared to many of the experts on this site, so you aren't alone!

Welcome and thanks for sticking around :)

The mention of a BP Atlanta meet up sounds great - has there been one before? I'd definitely be interested!