All Forum Posts by: Kelli Huang
Kelli Huang has started 12 posts and replied 63 times.
Post: 1031 exchange success

- Landlord
- Jonesboro, GA
- Posts 65
- Votes 17
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $520,000
Cash invested: $130,000
Rents $890-1050.
still stabilizing rents.
What made you interested in investing in this type of deal?
I have always wanted a quadplex.
How did you find this deal and how did you negotiate it?
My agent that I was looking for a owner-occupied single family, brought it to me. I never purchased that single family and bought this quad as an investment instead.
How did you finance this deal?
30% down conventional. interest rate 4%. No escrow.
How did you add value to the deal?
Move-in ready. No work needed. Evicted a tenant first month of closing due to the seller stuck a non-qualified tenant in there right before closing.
What was the outcome?
$3850 rent. $1860 PI. $450 TI. $385 PM. $150 utility. $385 CapEx + Vacancy.
NET= $620 a month.
Lessons learned? Challenges?
Did not get estoppel letters from tenants and seller, causing me not able to evict the non-paying tenant via court.
Luckily that tenant left on her own.
Difficult seller. Need a stronger agent next time.

Post: Military moving to Sumter or Columbia SC

- Landlord
- Jonesboro, GA
- Posts 65
- Votes 17
@James Frye
Hi James. I am relocating to Sumter and looking to connect with local onvestors. Are you still in the area?
Post: Jonesboro Georgia

- Landlord
- Jonesboro, GA
- Posts 65
- Votes 17
A warzone to me is Joseph E boon BLVD. I have seen some housed there and I was scared for my life! No dissing people that invest there, all bad areas need people willing to make them better.
Post: Jonesboro Georgia

- Landlord
- Jonesboro, GA
- Posts 65
- Votes 17
Originally posted by @Robert Collins:
@Tony Gunter I saw the exact thing about the low entry but those school scores suck! Which gave me red flags , I’m still trying to narrow down a area I can focus in , that has a good balance.
Like Tony said, a lot of Jonesboro is not a war zone, I don't know which parts are. Bad schools can be opportunities. There are a lot of development in Jonesboro now that I actually would like to keep quite to myself because it will be hot in a few years. The big church group there is trying to rebuild the whole place. Also, there will be a newly renovated water park, new transit system, and more. Just look at the old downtown Jonesboro, Figtree Cafe is one of their projects. If you have the chance stop by there, you'll see how nice it is.
Post: Jonesboro Georgia

- Landlord
- Jonesboro, GA
- Posts 65
- Votes 17
Originally posted by @Joseph Chasteen:
@Kelli Huang
Hi Kelli, I have a 3-2 SFH in Jonesboro. Im looking for a management company. Do younhave any recommendations?
Joseph,
I have pm'd you with my PM's info!
Post: American Homeowner Preservation (AHP) Fund

- Landlord
- Jonesboro, GA
- Posts 65
- Votes 17
Originally posted by @Paul B.:
Originally posted by @Kelli Huang:
I invested $600 recently and received my first pay of $0.50 :(
1% return?
Fraction of a month maybe? Hopefully next month will be the full amount.
You are correct. I just checked I received the $0.5 for 6 days of investing. Thank you for reminding me.
Post: American Homeowner Preservation (AHP) Fund

- Landlord
- Jonesboro, GA
- Posts 65
- Votes 17
I invested $600 recently and received my first pay of $0.50 :(
1% return?
Post: GA local loan investing with a local company, thoughts?

- Landlord
- Jonesboro, GA
- Posts 65
- Votes 17
I have been searching for this company that I found on Craiglist that is in Atlanta. They advertise that they offer 10-20% return on investors' money for flips they do. The minimum amount is $2,000 to invest in a 6-month term. You can invest with a credit card because it "protects the investor" in case if anything happens to the investment.
6 month investment for 10% return sounds great. They have a website and have many videos on youtube for their flips and they are willing to answer my questions. But I can not find much other information, good or bad, on them.
I really want to give it a try since I have a 0% intro APR credit card. But does this sound too good to be a scam?
Post: Best Neighborhoods to Buy • Atlanta, GA

- Landlord
- Jonesboro, GA
- Posts 65
- Votes 17
Yes there are affordable condo/townhouse in these areas, but some comes with high monthly maintenance/HOA fee plus subletting restrictions. Make sure to ask the complex management about them.
For me, finding a 2-4 unit that's FHA eligible would be one of the best way to go.
I haven't invested inside of the perimeter but I am looking for deals myself.
Post: Best Neighborhoods to Buy • Atlanta, GA

- Landlord
- Jonesboro, GA
- Posts 65
- Votes 17
@Chauncey Glenn
The locations you listed are great and very desirable but will be more expensive to get into. You might have to consider a tear down or something that requires extensive repairs/renovation.