All Forum Posts by: Marlene Michael

@Scott Gray Well said Scott....well said. I appreciate the advice re attending live auctions, etc. and researching a lot more.

@Eddy Dumire

 Those are all of my fears rolled into one. What will they do to the place, and how will I get them out?? So, at least you aren't telling me that everyone but me sees that it's a dud, so that's a positive. Thanks for the advice. I hadn't considered how to get them out, but cash for keys is always an option!

I found a property on auction.com that looks like a steal of a deal. Two problems: 1) There is no access before bidding/purchase, 2)It is still occupied, so I can't go peeking through the windows.

My question is, if based on the current comps in the area, this is a real steal, why after a whole day on the auction has NO ONE bid on it? Should I take the hint and stay away too?

@Brian P.

That was exactly what I needed to hear (read). I am always trying to see the potential in things, people, etc. and that may have caused my early demise in REI. Thanks for bringing it home for me. The other posters had already convinced me to raise my price point in the house hunt, but you definitely sealed the deal.

 Thanks for the advice Andrew. That's a great point!

 Brian, I would enjoy doing that with him. He lives out of the country, so our house hunt time will end very shortly when he goes back home :( Will keep at it though. Thanks!

BP, I'm stuck. I have been getting leads on vacant properties and motivated sellers. Two problems: 1)The leads aren't in great areas of Atlanta. 2) Because of #1, my private money (dad) won't invest. 

I'm so frustrated! Do I buy more expensive properties (80,000+, no more than 20 yrs old) to appease the money man, or should I keep considering buying in the C areas and find some private money somewhere else? 

I'm planning to buy and hold by the way.

Brian, contact @RJ Cox. He's an awesome agent specializing in investors. Hope this helps!

Hi Stephen! Welcome to BP! You'll learn everything you need to know from the awesome people on this site. Just ask the question, and you'll get the answer! I'm also new to investing here in the South Atlanta metro, but if I can be of any assistance, let me know.