All Forum Posts by: Marisa R.

Clearly if you look hard enough the deals are still around in Atlanta. 

Good for everyone that is making this market work

@James Wise

Thanks for your kind words

To be honest with you I left the colour of the paint to my contractor/maintenance crew.

As it is a rental I did not pay too much attention. I think the grays are more popular now.

Not good. Screening process is critical to source good tenants, so far so good.

@Bill Tyler

Thanks Bill for the suggestion, I will look into this.

At the moment there are no issues sourcing tenants, in fact what I am now seeing is rents are starting to rise.   Detroit is coming back.... about time. 

Now onto property number 10 in Detroit. I have six rehabbed and rented

@Ricardo Carey

Sadly inventory is very low in Atlanta and prices have soared.

I am not really sure Atlanta makes anymore sense in terms of cash flowing.

Still seeing prices rise, but you will need deep pockets to hold these properties. Even multi units dont make sense, and the competition for these are fierce.

Detroit is great for cash flow and it is now fast becoming a hot market

@Andrew Syrios

Hi Andrew, I actually paid $5,100 for this rehab.

I got confused as I have 3 other rehabs on the go.

Yes, absolutely good price

@Account Closed

Hi Migeul I get good rates, but I also dont necessarily go new, we go second hand wherever possible, for rentals, massive cost savings. So its not like you are buying off the shelve at Home Depot.   

Strategies I have used

Only buy in rising markets, the trend is you friend. 

Look at ways to add value to a property, not just by rehabbing but look at properties where you can add an additional property on the land. Start with small projects. This will be investing on steroids.

Buy distressed properties/foreclosures, rehab/flip

Competitive edge -

Offering cash for good deals.

Buying below market value, distressed properties prior to hitting the market. This requires considerable homework and networking.

Prepared to find markets that are just starting to rise and having all my ducks lined up ready to fire when suitable property comes along