All Forum Posts by: Benjamin Barry

I know this question has been asked many times but what is the best way to do this in 2023?  I have 3 homes cash flowing but I want to get into more deals with less down.  This is the part that I feel is weaker in my investment journey.  I'm looking for the best way to do this (i.e. less chance of something going wrong and straightforward).  I have been working with traditional mortgages for now, but I'm ready to step up the creativity.  Thanks!

I just want to get more rental properties by putting as little of my own cash as possible. And I want to increase cashflow by having those properties.

Even if converting the garage would not increase the value of the property by as much as the cost would it be worth it if I was able to increase my cashflow? 

I have a rental property in the Southeast (not my residence) that I am using as an Airbnb.  It is worth about $80,000, so not very much.  It is in a lower middle class neighborhood and so far is doing okay.

I am thinking about what my next move would be and I would like advice.  I have the option of either:

1) Converting the existing detached garage of the $80K property into another, smaller airbnb.  It already has a separate room attached to the one car garage but there is no HVAC or water.  I would want to do this with a construction loan of some sort.

2) Just buying another property and saving the down payment for that.  Right now my Airbnb is not in a vacation market so I'm thinking about my next Airbnb being in such a market.

3) Any other ideas??

Thanks!

Thanks for the responses.  That georgiapublicnotice site is useful for finding all the sales.  Does anyone else have any ideas for financing these other than my own cash?  It seems like a lender would be willing to finance in theory since there would be something of value behind the loan.

Hello, I am in Atlanta and am interested in investing in Tax Deeds.  I have read one book on the subject and even though I have much more to learn I think I am ready to buy a small deed for learning purposes.  I had a couple of questions:

1. How much do I need to buy a tax deed if I go to a county a little further out in the country where I am assuming the property values are lower?  I would like buy a couple of liens, hopefully around $500 or so each.  Is this possible and would they mostly have to be raw land for that amount?

2. If I decide to keep doing this what would be the best way to get funding?  Are there loans for tax lien investing that would be secured by the value of the lien, and what kind of loan would be most appropriate?

Thanks in advance.