All Forum Posts by: Aurelio K.

Hey BP community,

As a real estate investor, my focus is on SFR rentals in the northern Atlanta metro area (Gwinnett/Forsyth counties) but I've been thinking about setting aside a small portion of my portfolio for possibly buying some land. This is of course purely speculative but was wondering what your thoughts are on this? I have many questions and any advice and referrals to resources would be great!

Some basic questions I had was (as a beginner in land purchases) should I stick with lots on already developed subdivisions? Versus empty wooded lots where utility services are not available? If I buy an empty lot in a subdivision do I have to also usually pay the annual HOA on top of the property taxes? Should I stay away from certain kinds of lots?

My purpose of buying land would be for flipping in 5-10 years and starting off small (0.25 to 2 acres) with a budget of up to 25K

Any thoughts are welcome, thanks!

Thanks @Chris Brown once again appreciate the valuable feedback, that draft of the HS rezoning is exactly what I was looking for, very helpful! 

I saw some of your remodel photos on your Hickory River Homes FB page, very nice work! Would love to keep in touch if I'm in need of services in the future. 

Originally posted by @Shiri Manor Nisenbaum:

@Aurelio K. can you can explain why Forsyth county?  Is it because of good population or something else happening there?

 Hi, l've been keeping an eye on Forsyth county as I'm liking the general positive signs of its growing population, good schools, lower taxes, close to corporate companies in the Alpharetta area...

@Bijal Patel nice to meet you, please send me a direct message, would like to find out some more information, thanks! 

Originally posted by @Chris Brown:

You're going to have a hard time finding new builds zoned for West under $300k. I live off Post Rd and most new construction around here is $400k+. North may be different, I am not as familiar with what is up there. Also, check out homes around the new Denmark HS south of Post Rd on Mullinax Rd. South Forsyth is great as well. There are some older homes around here under $300k along Post Rd. 

Let me know if I can help

Thanks Chris, appreciate the feedback! Yeah, I've been looking around the area and it seems the Vickery school cluster is the most pricey (within the West Forsyth HS area) and North is def. cheaper, I actually have been thinking about the new Denmark HS, would you know how they are going to zone that? I imagine students from South Forsyth would be transferred there?  Would love it if I could somehow get zoning for Denmark HS, and I agree South Forsyth is great, but too pricey for me now to get a decent rental property. Have you heard good things about Central and North Forsyth HS? Looks like they are moving up in ranking that last few years... 

Hey BP community, I'm researching Forsyth county for SFR homes to invest in for long term rentals, mainly in the 250K - low 300K range (new construction/newer homes) in good school districts (West/North Forsyth HS), would love it if anyone could recommend some good subdivisions to check out. Please post here or feel free to contact me directly as I'm always willing to swap thoughts/ideas, thanks!

Hi, I have actually been to that subdivision, the sales agent I talked to was very helpful and understood my angle as an investor. I like the fact that the houses are all side entry garages which makes for a nicer look but the exterior is mostly all siding and you have to pay up considerably for brick, starting with the front of the house. I may visit them again near the end of the year when hopefully they will be more aggressive with pricing. Feel free to contact me and would love to discuss!

Andre Williams thanks, appreciate the feedback! It helped me decide that price point will not make sense when I crunch the numbers...

Thank you @Kim Meredith Hampton, @Steve Rozenberg very helpful info! 

Hey all, 

I'm new to real estate investing and I'm looking to get some good referrals for property management companies in the Atlanta area (I live in Gwinnett county). Has anyone used "Renters Warehouse" I'm been reading mixed reviews, so wanted to get your thoughts. 

I decided I don't want to self manage and curious what a reasonable fee would be for a good property manager.