All Forum Posts by: Lateefah Mathews

Hey @Shyla Springmeyer Love the intention and commitment!! WooHoo!
One thing I’m huge on, your STRATEGY needs to come first...before the market.

The market you choose is gonna look very different depending on whether you’re going for:
Buy & Hold, STR, BRRRRs, or Fix & Flip.

Once you know your play, the right markets start to reveal themselves based on price point, rent-to-price ratio, inventory, laws, etc.

And with $150K, you've got enough to go in strong, just make sure you decide: are you looking to leverage that for more deals via BRRRR, or hold a few properties with less moving parts?
Either way, you’ve got plenty of good advice here to run with. Keep going!

@Crystal Gibson Because you have kids, I generally recommend looking for single-family homes with finished basements that have a private walkout and entry...preferably with a bedroom, bathroom, and a kitchenette (or at least room to add one). That way, you keep your privacy upstairs and you're not limited to just renting a room. That's specifically for areas where small multifamily property inventory is thin.

As for the homes with multiple dwellings/ADU's... FHA can be used to purchase a property with an ADU if it's legally considered part of a single-family home. But if it's two detached homes on one lot, it gets trickier. You need to confirm how it's classified by the county. Also, look for an IFA in your area. I'm sure they would be more than happy to assist.

@Zachary Wolz Hey, I'm based in Georgia but familiar with this issue. In both Florida and Georgia, dropping your homestead exemption means losing the tax break tied to owner occupancy. And yes, in Florida, your assessed value can jump up to 10% annually for non-homestead properties. If your market value is higher than your assessed value right now, your taxes could definitely go up. You should call or go into your Property Appraiser’s Office... they’ll be able to tell you how your tax bill will change once you move out.

Hey Cherie welcome aboard! I’m taking my hat off to you for already pinning down your strategy and area to purchase and you’re just a rookie… great start!

Here's a few nuggets of advice… STR rules vary by county up there in North GA so be sure to check with the local zoning office or city website before making any offers… also what loan type are you considering? Some DSCR underwriters won't underwrite in rural zones so it's good to check that upfront

AirDNA or PriceLabs will be your best friend (& wise short-term investment)  when it comes to narrowing down a city and running the real numbers… what specific cities are you looking at?

Feel free to message me if you wanna dig a bit deeper… best of luck on your venture!

No, selling with a tenant in the house isn't necessarily a bad idea. As long as you give your tenant proper notice and they’re ready to move out by closing, it can work. If you’re selling to an investor, they might actually prefer to keep the tenant for cash flow. You can also work around the tenant’s schedule by setting showings for times they’re not home, which keeps it easy for everyone.

@Christine Mulkins That’s a good one. I’ve got all of Robert’s early real estate books in my library, classics. But the two that really lit the fire for me were Flipping Properties by William Bronchick (2001 edition) and Tax Lien Certificates by Jim Yocom (2002). Throwbacks for sure, but those strategies flipped everything for me. You couldn't just Google this stuff back then...it was pure gold! 

Hey all! 
I’m a licensed agent working with several cash and hard money buyers ready to close on off-market deals in Georgia.

I’m looking to connect with wholesalers who are direct to seller, not reassignments or daisy chains

Target Markets:
Marietta, Alpharetta, SW Atlanta, Tucker, Chamblee, North Gwinnett, Mableton, Vinings, Smyrna, Decatur

Property Type:
Cosmetic fixers, teardowns, and buildable lots
3–5 bedrooms, 1500-2500 sqft, 1960s or newer preferred

Acquisition Range:
$250K–$600K

We're actively sourcing now and open to JV or referral fee arrangements on any deal that closes.

If you’re working a strong lead or have something under contract, feel free to shoot me a message here on BP. I’m ready to move quickly and close deals with the right partners.

Looking forward to connecting.

@Misael Herrera Granados Hey hows it going! Full discalimer first, I'm not familiar with Kansas landlord-tenant laws,however mold is definitely a serious issue. If the tenant decides to withhold rent or take legal action, this could lead to the property being condemned until the mold is remediated, which could cost you even more in the long run.

If the mold remediation is too expensive, selling AS-IS might be the way to go. You may have to adjust the price accordingly since you'll need to price it based on known issues. Just make sure to give your tenant ample time to vacate if you decide to sell.

If you have equity and don't want to lose it, another option could be to look into a HELOC, but you'd need to check if selling or a loan even makes sense in your market because you may end up with prolonged days on market. But if it's a hot market and properties are moving fast, it could be a good choice. If you decide to sell, start searching for a realtor ASAP!

Ko’s right! You need someone who's local and experienced preferably an IFA who’s familiar with construction timelines, can report back weekly with photos, and understands what should actually be happening on-site. I offer this here in GA for out-of-state investors with an a la carte fee structure. If it’s just weekly site visits, that’s priced by time. If they want full PM support, that’s a different rate. The key is defining the scope and expectations upfront. And honestly, most agents are more motivated to manage the process if they’re also representing you on the buy and resale...it makes it a true win-win.

Welcome aboard Farid! Assuming you're just getting started, so here are a few sites you can use depending on the type of data you're looking for.There’s no one document that I know of, but these should help :

NeighborhoodScout: for crime, schools, and local trends

City-Data: for demographics, income, and migration patterns

Redfin/Zillow: for active listings, price trends, and comp snapshots