All Forum Posts by: Canesha Edwards

@Diamond Shaw

What type of properties are you looking for in Georgia? I would love to answer any questions you may have. GA native here.

Best,

Canesha

@Wesley Tolston

PM the details.

Thanks,

Canesha

@Damien Lee

Those are the major financials. When I say risk tolerance- I mean are you looking for class A properties or Class c/d that require rehab. What’s the risk associated with the location you’re looking in? Is this an established area or an area that’s transitioning.

Some people like to buy turn key, others like to buy rehab properties, there’s different risk associated with both type of properties.

Canesha

@Damien Lee

I 100% agree with @Nick B.! There’s no point to waste your time running an analysis on a property who’s list price is higher than the actual value of the home. Secondly- stay away from properties with HOAs. It negatively impacts your cash flow. Condos are tricky as investments. Also, in this market people are leaving the city for the burbs.

You make your money when you buy a property. Establish your numbers, the returns you’re looking for, cash flow, risk tolerance, etc. Then work your way backwards to determine the purchase price that meets your numbers. Investors determine the value of a property not the list price.

My 2 cents.

Canesha

@Steven Nguyen

I think OOS investors see prices in Atlanta and kind of lose perception. While prices might be low to you, the prices are relatively high compared to historical prices in Atlanta.

Another thing to point out. Even if you’re okay with a .075% rent/value ratio that’s still $1,725 a month in rent. The people who can afford to pay that, would more than likely purchase that same new construction home instead of renting from you. Rates are super low, making the mortgage payment probably cheaper than the rent you are looking to charge.

What’s your exit strategy? I wouldn’t bank on appreciation. The market is already at a high. We can’t predict if things will keep going up. But what we do know for a fact is that a correction always happens. Real estate moves in cycles. The number one rule of investing Is buy low and sell high.

Just my two cents. Best of Luck.

@Kulin Dakwala

Well first, Cartersville is not close to the Atlanta metro area. You’re about 45 minutes out without traffic. I don’t know much about the area though as I invest South of Atlanta.

East point is a part of the metro Atlanta area an you’re only 15 minutes from the city depending on which part of East Point you’re in. I currently live in College Park which is 5 minutes from East point.

Atlanta is moving South towards East Point. There’s a lot of development planned around this area. East Point has a lot of properties with decent sized lots for being so close to the city.

Best,

Canesha

@Fran Dixon

In regards to flipping: I would start by studying the properties that are currently on the market. What are they selling for? How long are they listed on the market? What are the finishes? Etc.. This will give you understanding of what your ARV will be.

Next I would run sample flips through the BP calculators. I recommend reading J.Scott’s book on Estimating Rehab cost. Lots of good information. You have to analyze properties to get good at identifying a deal. Remember with flips, this is a short term investment.

Rentals are completely different than flips. You want something of quality, not necessarily best house on the block. Why? Because tenants are temporary and not looking for a forever home. Again, look to the market to see what’s renting and what’s not.

Always buy based on numbers and not emotion because you make your money when you buy, not when you sell.

Canesha

@Fran Dixon

Getting educated is always the first step, so congrats on that. What exactly are you looking to with real estate? If you provide more information about your investment strategy, I can give a more specific answer.

Canesha

@Drequez Richo

It depends on where in GA you’re looking. Anything in the metro area sells pretty quickly, with multiple offers. To get a deal you’ll need to look off- market.

Best,

Canesha

@Evan McKinney

I would say Newnan is a good market. South Atlanta around the airport is promising as well.