All Forum Posts by: Jason Y.

Are there turnkey companies that you guys work with that sells turnkey properties in Georgia?  Was wondering if there are best ones to buy from?

Hello, I am looking to network and build a business relationship with general contractors in the general Georgia/Atlanta area who specializes in rehab.  Please PM me if you know any.  Thank you!

Thinking of starting the brrrr strategy is areas of Georgia or Florida. Open to the Carolinas.  Want C+|B areas.  Any advice on areas to start?

I would also be open to speaking to general contractors in these areas to start a partnership.  Thanks in advance for help!

Mark referral to any agents would also be welcome.

As the states are opening up, I am starting my BRRRR journey. I read that Atlanta is a great place to invest. I'm ideally looking at areas in the $120-$150k range to start. I don't mind areas outside of the major cities as long as it's a C/B area with steady jobs or universities that can attract steady flow of tenants. I would be thrilled if there are general contractors that know some areas that I could speak with, so I can better understand the markets. I'm thinking northern Florida so it's not as hurricane centric. Open to hear opinions in other nearby states in this price range. Thanks for the suggestions.

Would appreciate anyone with some insights in the $150k or under SFR range in areas of Georgia or northern Florida to do BRRRR strategy. I'd like to get some intros to some folks that know the area.

@Mark Kendall do you have any suggestions on any general contractors in that area that you can refer?

From my understanding, due to the new Job Cuts and Tax Act, when you take out a HELOC from your primary, only the interest mortgage that is used to improve the primary home (not used for business expense like investing in an investment property) can be written off. However, when you take a HELOC from the investment property, because it's off the business property, then it's considered a business expenses. Small nuances. Need to validate with a tax expert.

What about the Question on whether or not the mortgage interest and repairs can be written off? Does it matter where the heloc is obtained from?  From primary residence vs from investment property.

Thanks for the reply Kyle. I've heard that HELOC from primary residence can only be written off if the HELOC was used for remodeling purposes, not for investing purposes. But a HELOC from investment property used to buy another investment property can be written off since it's a business expense. True?

Generally speaking, let's say a bank will allow HELOC from both primary residence and investment properties, for investing purposes. Will both HELOCs usually have the same interest rate? Or will a HELOC from an investment property usually have a higher interest rate?