All Forum Posts by: Gabe Fermin
Gabe Fermin has started 3 posts and replied 7 times.
Post: Augusta, Georgia (First Time Investor)
- New to Real Estate
- New York City
- Posts 7
- Votes 4
Quote from @Alyssa Raines:
Hi Gabe. I am also a new out of state investor looking to get started in Augusta. Let’s connect and we can help each other in this journey together!
@Alyssa Raines lets! I’m all for it.
Post: Augusta, Georgia (First Time Investor)
- New to Real Estate
- New York City
- Posts 7
- Votes 4
Quote from @David Lutz:
Feel free to private message me with any additional questions. I have two rentals in Augusta. Rental market is pretty strong, there are a lot of good economic drivers. You need to be careful about where you're buying and what your expectations are. Anywhere near Evens has gotten very expensive, so cash flow will be tougher. South and South East is less expensive, but you're not going to get the appreciation and my impression is it's not as good a tenant base. I think the areas in Grovetown through Martinez are a good mix. Also hearing good things about Harlem. Your biggest issue is that $50k may not let you get a nice house and have any reserves. I can recommend property management, realtor, vendors, if you need them. Have a proforma for calculating your returns I can share as well.
Hey @David Lutz! I will definitely keep in contact! Appreciate the response and useful information!
Post: Augusta, Georgia (First Time Investor)
- New to Real Estate
- New York City
- Posts 7
- Votes 4
Quote from @Lateefah Mathews:
Hey @Gabe Fermin, Welcome to BP and Georgia investing!
I've helped my cousin acquire two investment properties in Augusta, so while I can't claim to be an expert, I can share some insights. Augusta indeed offers great potential with a strong rental market driven by factors such as population growth and a stable job market. Areas like Downtown, Summerville, and West Augusta are particularly desirable due to their proximity to amenities, universities, and employment centers.
In terms of your preferred strategies, it would be helpful to know what type of lending you plan to use. Both turnkey properties and properties requiring minor rehab can be viable options. However, your lending choice will ultimately determine the best route, as rehab costs may consume a portion of your $50,000 investment budget. Turnkey properties offer immediate rental income with less hands-on involvement, while properties in need of rehabilitation can potentially appreciate in value. Evaluating the numbers, lending preferences, property condition, and location will help you make an informed decision that aligns with your investment goals.
@Lateefah Mathews thank you for the helpful insight!
Post: Philadelphia, PA (First Time Investor)
- New to Real Estate
- New York City
- Posts 7
- Votes 4
Hello BP family!
I’m new to the real estate game. After many years of listening to BP/Real Estate Podcasts, reading, and building up my finances, I believe there’s no better time than now to finally jump into the real estate world.
I’m a New York City native but purchasing any type of real estate in this area is not realistic for me. And for that reason, Philly is one of the few locations that has been on the top of my list.
Ideally, I would like to use the buy and hold strategy, with a 50k purchase budget to get started with. This is aside from any construction budget. I haven’t decided if I wanted to start with a turnkey property, or a property that’s in need of mid/minor rehabs. Obviously the numbers and location in Philly would determine which is the best option for me but these would be my preferred methods.
For those whom are familiar with the area; which areas in Philly has shown the must promise? What other areas should I focus on? What would be an ideal budget for getting started in these areas?
Looking forward to hearing from you all!
Best,
G
Post: Augusta, Georgia (First Time Investor)
- New to Real Estate
- New York City
- Posts 7
- Votes 4
Hello BP family!
I’m new to the real estate game. After many years of listening to BP/Real Estate Podcasts, reading, and building up my finances, I believe there’s no better time than now to finally jump into the real estate world.
I’m a New York City native, but purchasing any type of real estate in this area is not realistic for me. So Augusta, GA is one of the locations that has been on the top of my list. With my in-laws living in Augusta, I visit the area a few times a year, and it definitely seems like there’s some potential in the market. And let me not forget to mention, it’s MUCH more affordable.
Ideally, I would like to use the buy and hold strategy, with a 50k budget to get started. I haven’t decided if I wanted to start with a turnkey property, or a property that’s in need of mid/minor rehabs. Obviously the numbers and location would determine which is the best option for me but these would be my preferred methods.
For those that are familiar with the area; Is there a strong rental market in Augusta to focus on rental income, and if so, which areas should I focus on? What would be an ideal budget for getting started in these areas?
Looking forward to hearing from you all!
Best,
G
Post: First time investor in NYC.
- New to Real Estate
- New York City
- Posts 7
- Votes 4
@Jaysen Medhurst thank you for the information! I’ll make sure to look into these markets!
Post: First time investor in NYC.
- New to Real Estate
- New York City
- Posts 7
- Votes 4
I’m a aspiring real estate investor living in NYC. And as well may know, NYC may not be the ideal place to start off your real estate venture.
With that being said, if you were to be in my position, which market would you invest in and what kind of real estate investment would it be?
Looking forward to hearing from you all! Thanks!