All Forum Posts by: Ghenia Flewellyn

I'd like to know what my BP folks would do in this scenario. I owe $25,000 on 1 of my properties. I'm paying $220 a month on the loan (and an additional $90 in escrow for taxes so total payments are about $310). 13 years left on the 30 year loan. Would you pay off the loan and increase your cash flow by that $220 per month, or would you use that 25K with some additional funds to purchase another rental income property? My investment strategy is buy and hold. Cashflow. I'd love to hear your thoughts...curious. Thanks guys.

Hi! I'd love to organize a meetup! I'll find the venue. who's still interested and what days/times work well?

Hi! I'd love info on meetups! I live in Broward and I'm passionate about learning more and helping others.

Originally posted by @Lee Taylor:

Originally posted by @Ghenia Flewellyn:

Thanks alot! I know right!!

I've never been to Macon. Just started running searches and ended up in Macon! I know Amazon just moved in and its not a terrible place to live...I've wanted to invest in GA for a while though. Almost got a fix and flip a few months ago but pulled out. Cold feet. I have 6 condos here and the margins are just getting too tight. They cashflow well because I bought them all cash...but that's hard to do now! Since GA is a quick flight from here, I'm willing to give Macon a try. Rents aren't very high, so that is a bummer. But the entry cost is low and its not a whole lot to lose if it just doesn't work out...so we'll see how this one goes. Tenant has been there for 1 1/2, hopefully they plan to stick around :-)

@Jennifer Brown, if you decide to look at flipping in Middle Georgia I can help with the contracting side of things if needed. I fix and flip and have built a strong team to handle any size rehab. I have all of the essential relationships already established to successfully operate a flipping business.

Congrats on your purchase and best of luck with it!

LEE!! Thank you so much!! I just love BP! Everyone is so willing to help one another build and succeed. I will definitely reach out to you! Have a wonderful holiday :-) God bless you and your family.

Thanks alot! I know right!!

I've never been to Macon. Just started running searches and ended up in Macon! I know Amazon just moved in and its not a terrible place to live...I've wanted to invest in GA for a while though. Almost got a fix and flip a few months ago but pulled out. Cold feet. I have 6 condos here and the margins are just getting too tight. They cashflow well because I bought them all cash...but that's hard to do now! Since GA is a quick flight from here, I'm willing to give Macon a try. Rents aren't very high, so that is a bummer. But the entry cost is low and its not a whole lot to lose if it just doesn't work out...so we'll see how this one goes. Tenant has been there for 1 1/2, hopefully they plan to stick around :-)

Originally posted by @Jason Eisler:

Originally posted by @Ghenia Flewellyn:

Following. I made a similar post a few days ago regarding Macon. Received good feedback. Low income. Crime. High tenant turnover. Etc. More headache overall. Doesn't discourage me...just means I have to be savvy in my selection. I live in So Fl as well.

- Jennifer I see your Fort Lauderdale as well, having said that I am about to check out your post now, but my current rentals are in Riviera Beach so I am familiar with higher crime areas as well as Higher than normal tenant turnovers, as well as not the easiest of tenants to deal with.  Having said that my properties are section 8 which is the reason I can obtain the 1.5% rule in So Flo.  Are your properties in Macon Ga, 31204 Section 8? And on that note is there a big section 8 market in Macon? And do you have any personal experience with Section 8 in Macon, or know anyone that does? I'd be interested to find out more.

Jason Eisler

Low Rent Living LLC

Hi! So I'm buying my first Macon SFH 2/2next week. Taking a leap. Sale price is 20k. Renting for 575. They were asking 28k. Seems like a C neighborhood. If it goes well, I'll pick up a few more. Crossing my fingers!

Following. I made a similar post a few days ago regarding Macon. Received good feedback. Low income. Crime. High tenant turnover. Etc. More headache overall. Doesn't discourage me...just means I have to be savvy in my selection. I live in So Fl as well.

This is all great feedback!! Thank you guys, thank you. I didn't realize that being that there are already people investing in Macon, the good deals wouldn't sit for very long!! That is probably why I'm seeing a handful of what I and considering "great opportunities" when in fact, in the end, they may end up costing me money and sleepless nights!! Buying one first is definitely a better approach. Thanks again!!

Ok. That makes sense. Great advice. Thank you.

Anyone buying already rented homes in Macon, GA or Griffin, GA? Cash on Cash returns are like 20%! low income, yes. Some crime, yes. But long term tenants. Any advice either way? I'm considering entering intocontract on 3 properties on Monday. Would really love to hear your thoughts!