All Forum Posts by: Greg Johnson

I think it depends. If I was trying to promote myself as some sort of "guru" in business or real estate, investing in learning how to dress sharp might be a wise investment towards your success.  I do believe that overall appearance can have an impact, and especially when it comes to things like sales,  it can have return on investment. However, I have been built a successful consulting business and have attracted investors to invest in my real estate projects without dressing super cutting edge.  I am a button up shirt and jeans type of guy and drive and drive a $20,000 pickup truck and have no desire to dress flashy.   

@Andrew Hyder

I have several rental properties in the Macon area. As far as areas to avoid, it really depends on your rental strategy. I have been successful at buying class C & D properties in some pretty rough areas of Macon. Property prices have been driven up over the last couple years and inventory seems low as in most other areas of the country. I use a minimum of the 2% rule for purchasing properties but most of the properties have actually fallen into the 3-5% COC returns per month and cashflow extremely well.

One of my biggest pieces of advice, is screen tenants, screen tenants and screen some more. We typically screen through 50-100 tenants before we end up renting a single unit.  So upfront can be tedious but really pays off.  I also have hired a property manager that works directly for me which provides some boots on the ground to control the day to day mishaps that accompany class D properties.  

In my opinion, Macon is an investors dream for cashflow properties, while the deals are hard to come by right now, I plan on investing in the market for the longhaul.

I found a 300 sf basement in a house once with a concrete stairway leading down to it. It had long been covered up. I only happened upon it because I had to tear up some flooring in one of the bedrooms. There was nothing cool down there. Only a table and chair and about 50 mason jars. Also, found some strange bones which prevented me from wanting to investigate or explore any further.

I am currently trying to finance a small property with a purchase price of 35K.  The house is rent ready and I know I can rent it for $900/month.

I currently have two separate properties in the market. 1st is a SFR that generates $650/mo in rent and has a value of 35k. The 2nd property consists of 2 houses and a shop that generates $1,145 per month and is worth about 40k. I own both properties free and clear.

I am having trouble finding financing for the property.  I would like to either finance the purchase or refinance the two properties that I own.  However, there isn't much equity even though I own them free and clear.  

Does anyone know of some options available for financing such a small purchase?