All Forum Posts by: Canesha Edwards

@Jai Reddy

Got it. It’s a good strategy. I’m just not well versed in the area. I’m sure there are plenty of investors on BP that invest in the area.

@Jai Reddy

Hey Jai. That would depend on the investor and the particular deal. If you like the Augusta area and the deal makes sense, i don’t see why someone wouldn’t invest.

As an agent, I can’t tell you where to invest your money. I can only provide general information on what I see going on in the Market. If you’re thinking about investing in Augusta....conduct your own market research to make a better determination of the area for your investing needs.

Canesha

@John Teachout

I definitely agree the entire region is growing. I think Columbus has great potential as well.

Let's face it. Solid investment deals in Atlanta are long gone. In a market where a dilapidated house receives multiple CASH offers with very few contingencies, the average investor cannot compete. So, what's the solution? Wait until the next crash? Absolutely not! Keep reading...... I have a solution for you!

The economic growth and job creation in Georgia has been astounding. Between July and October, the state increased its economic development investments by 56% and jobs grew by 45% compared to the same period for the year creating ,11,833 jobs. The interesting factor is that 83% of the investments are outside of the 10-county metro Atlanta area.

ByoPlanet International

ByoPlanet International is a leading producer of electrostatic spray technology. The electrostatic spraying technology the company uses in their disinfectant systems stems from research conducted at the University of Georgia. The COVID-19 pandemic has exploded demand for ByoPlanet's disinfectant system. The company is investing approximately $7 million to expand its GA manufacturing operations in Athens, GA creating 250 jobs for the area.

https://byoplanet.com/

Path-Tec

Path-Tec is a leading health care logistics and supply chain solutions provider based in Georgia. The company is expanding their operations in Columbus, GA with a $5 million investment in a 106,000sqft facility creating approximately 350 additional jobs.

https://www.path-tec.com/

Wincore Window Company

Wincore Window is a leading manufacturer of premium vinyl windows and fiberglass entry door systems. The company is creating 100 additional jobs through the expansion of their Swainsboro operations. The company has been repeatedly recognized as a top 100 manufacture by Window &Door Magazine.

http://wincorewindows.com/

Nestle Purina PetCare Company is investing $550 million and creating 130 jobs in the expansion of their Hartwell pet food manufacturing facility. The Hartwell location is responsible for producing several of the company's flagship brands, including Fancy Feast.

https://www.purina.com/

While these are just a few examples of the economic expansion taking place, one thing is clear.....there are major developments happening outside the metro area. The next time you're out bid on a property in Atlanta......remember GA is a large state and there are deals to be had elsewhere.

Happy Investing!

Canesha

@Jalen Smith

Hey Jalen-

Congrats on taking the step to get started. Have you tried looking through the county assessors office? In GA we have Qpublic- which basically is a data base of property information for a given county. I would see if your area has something like this.

The other option you have is to drive for dollars. Pick an area, drive around and look for homes that may be abandoned or need work. Write the address down, then you can skip trace the address in the Whitepages and get the owners information.

I’m guessing you’re looking to buy all cash with the $50k saved or will you finance the property?

Also, keep in mind there could be other problems with the property as well, unpaid taxes, utility bills, etc. Make sure you are aware of any other bills that might be associated with a property before you buy.

Best of luck to you.

Canesha

@Jesus Sosa

You typically don’t pay for bids because this is a contractor’s way of trying to win your business.

I suggest getting at least three bids, this way you can compare pricing.

Canesha

@Eli Katz

I recommend you find a new contractor, especially if this is a consistent occurrence. It’s not okay to miss deadlines, time is money.

@Jesus Sosa

Hey Jesus-

Do you have an idea of the rehab work. I know here in GA a licensed contractor has to pull permits if the work performed cost more than $2,500.

I would suggest getting a few contractor bids on the property so you get a general idea of what the rehab is going to cost and time line. Also- when interviewing the contractors, make sure they have the ability to pull permits. Ask for references, pictures of previous work, etc.

@Brad Dorland

Hey Brad-

My advice would be to get an agent to help you find a property. A duplex can be financed through an FHA loan. FHA loans are good because they allow for low down payments ( typically 3.5%) and you can rent out the other side and either live free or close to it. Sorry, I don't know much about your area so I can only suggest what I would do if I were you.

Best,

Canesha

@Allison Bridges

Hey Allison-

I would be interested in that contractor referral.

Canesha