All Forum Posts by: Lateefah Mathews

@Mike Wilcher Jr I'm glad you found the information helpful! I mentioned Newnan for its potential in the BRRRR or Fix and Flip strategy, among the other cities you mentioned. LaGrange will indeed offer low prices however on the sale side it's still rather weak and DOM is questionable there.

I'm assuming BRRRR or Fix and Flip is your investment strategy. Feel free to correct me if I'm wrong.

@Mike Wilcher Jr Peachtree Corners is indeed quite pricey, as @Jason Wray pointed out. When considering between Newnan and LaGrange, my choice would be Newnan due to its proximity to Atlanta. Currently, there's a high demand for rentals in the area with low vacancy rates. Home prices are still reasonable, and you can find a great fixer for a decent price.

However, if you are more familiar with Norcross or Doraville, I would recommend exploring these areas before venturing into unknown territories. Be sure to check your calculations and the like to ensure that these cities align with the strategy you have in mind.

@Edwin Ortiz I don't think you need to overly complicate the situation. It just might be best to communicate openly with your tenants.

Express your job offer and relocation plans. Let them know you're considering selling but would be open to keeping the current arrangement if they choose to renew or sign a 12 month lease((whichever works best for you). Keep it simple, honest, and give them ample time to make a decision. Hope this helps and best of luck with your relocation!

@Oliver Marson Your post is truly a pleasure to read; it flows like poetry. First, I want to echo what @Jaron Walling advised regarding utilizing BP's search and immersing yourself in the vast pool of knowledge here. You will learn about different creative strategies investors are using today, various property types, and current market trends (and, of course, much more). It's a bit of a rabbit hole, but carve out time to get educated and stay informed.

Also, networking and developing relationships with fellow investors, real estate professionals, contractors, and the like will help open doors to further opportunities and provide valuable support along your journey.

Lastly, but in my opinion, most importantly, is to develop a clear investment strategy. Define your goals and create a strategy that aligns with them. Know your budget and decide whether you will finance your deal or buy all cash. Having a plan and building your team will help you make much better decisions.

That's my two cents; you'll have to take the nose dive and understand that sometimes your first deal isn't going to be the best deal, but you will learn so much more from the experience!

@Amy Lemaistre 

I agree with @Cody Lekberg, I used to invest in Macon and found it to be a great choice for Fix and Flip, LTR, and MTR. The areas you choose to invest in, are of course very important. Augusta and Athens could be another excellent option for your budget as well. 

Best of luck with your first flip!

@Edward Acker I agree and thank you for the clarity. I indeed forgot to make it clear that the advice offered above is NOT Legal Advice and I Do Not have a legal background. It is purely a suggestion. 

Hey, @Chad Westley I'm always looking to connect with reputable contractors feel free to DM me for more info.  

@Edward Acker Congratulations on embarking on your real estate ventures! Structuring an LLC in Florida is a relatively straightforward process. If you're considering handling it yourself, here are recommended steps. The Florida Department of State provides a guide on filing your LLC and obtaining your Articles of Organization. Nevertheless, here are the DIY steps to take before filing:

1. 1. Choose a business name and verify its availability on the Florida Department of State website (Free).
2. 2. Determine your business address. ( Home or Virtual Physical Address)
3. 3. Obtain an EIN (Employer Identification Number) tax ID on the IRS website (Free).
4. 4. Secure the services of a Registered Agent (You can find one online that covers all states).
5. 5. File your articles, ensuring that you use your Registered Agent's address for both the Agent and all members.

Wishing you the best of luck in your endeavors!

Hey @MarioBellavia! Blue Ridge is such a definite gem. Blue Ridge is in the North Georgia Mountain region, it's got adorable cabins and roomy vacation homes, perfect for a mountain getaway. If you're thinking about renting out when you're not around, I'd advise using a short-term rental strategy, the numbers are strong and it's a lucrative market.

The attractions there range from zip-lining, white-water rafting, and wineries, there's even more to discover, which is what's driving more traffic to the area and it has truly become a great destination spot. Definitely, worth looking further into for investment purposes.

@Dave A Beason Hi Dave welcome to BP! Feel free to DM me for a few Attorney references as well as handymen. TY!