All Forum Posts by: Luis Montanez

What I also know about condos from my area is that it is all about:

1. The view, (the higher the more is worth and run less risk of structural damage)

2. The centricity,

How old is the building? The older the worse (I would not get into something older than 20 years)

Check for humidity in the walls. I currently have a situation in my condo in Puerto Rico that since the owner on top of my condo made a structural change that caused a leak on my wall, the HOA will not fix it. I will end this long story by saying that it has become a big do do for me.

Ask to see the annual HOA balance sheet or Financial Statements. If the building is under water because other owners do not pay their dues, bad administration or the building need big repairs, most likely the HOA tends to make a loan and allocate the responsibility to each apartment. This could increase your HOA.

Good Luck

If you build a solid foundation,

Consider to start building your business credit. J. Scott haves an excellent article about this topic. From my personal experience I have done most steps described in the post and now that my business is at more than two years my personal credit is used less and less.

I am new to this site so I am unsure if I can provide the articles link. I will take the risk since it is from J Scott creator of the Flipping Book.

Building-Business-Credit

Disclaimer: All that I am an accountant in real life, this is not accounting advise. I recommend you seek advice from a local professional. I am not affiliated nor do I make any personal or financial gain from the provided link.

Hi from Cobb County @Heather W. and @Linda McKenzie,

Not sure if you have kids to be knowledgeable to respond to the question, but I am looking for Single Family "HUD" or foreclosed Home in Atlanta.

My current big roadblock is that I get discouraged of the school district ratings I find in Zillow (most do not go above 5 in a scale of 1 to 10).

Besides Bulkhead, Midtown, Alpharetta and Roswell. Is there any other zip codes you personally recommend for being a good area with a good school district? Or is it true that most people of good areas in Atlanta choose to put their kids in privet school?

Hi Bobby C.,

It depends how old your kids are, since for me the most important is that good schools (for me that is above 7 on a scale of 1 to 10) are assigned to the house I will live in.

Cobb county haves great school system (better than Fulton County "Atlanta").

Based on my standards, I would not want to live in Austell or the 30008, 30062, 30060 zipcodes. The most desired area in Cobb County in my opinion is East Cobb 30068, West Cobb 30064, 30067, 30066 and areas of Roswell that fall Cobb County.

I have noted a large inventory of Multi-family homes in Acworth but I am not 100% familiar with the area and it is to rural for me to live in.

It is a buyers market... However, the high unemployment and bad Government administration had made it a less desirable market for local investors. Vacation properties is always a good niche.

Hello all,

My name is Luis original from Puerto Rico but looking to invest in my current home town in Cobb County.

I currently own two investment property's in Puerto Rico and currently looking for my next deal in Cobb County.

My forte is in financial and Accounting management as an ex-restaurant owner and current auditor.

I love to develop a property management company as I continue to grow my investment portfolio in Cobb County. Looking forward to connecting with like minded investors and share knowledge any way I can...

Hello Rachelle and everyone, My name is Luis from Marietta, GA.