All Forum Posts by: Mary A.

Thanks everyone, I appreciate all of your responses. Just to be clear, I was supposed to move down there at the time that i bought it. 

I also know that the best thing to do is to sell as is.

If I do not sell as is, I am not looking to hold after the rehab. 

I have spoken to my investor/realtor friends and have discussed the items that you all have listed before I posted, but I wanted to get some insight from others in order to make a decision and to get more suggestions.

Thanks again for your responses. I appreciate it.

@Nick Colamarino How do I borrow against it if I cannot get a construction/rehab loan. Personal loan as I said before? Also, there are many properties in the same shape in the area. But, the neighborhood is up and coming.

Hello everyone,

This is my first time posting. I am finally starting my real estate venture, I live in PA. Here is my situation. I have a property in Atlanta, GA. I was supposed to have someone go down there and fix it up...that didn't happen. It is now boarded up through VPS (vacant property services..or something to that effect.)

A couple of real estate investors have contacted me to buy the property, but I felt the offers were very low. The property sits one block away from the HBCUs in Atlanta as well as being in very close proximity to the (now under construction) Beltline project.

Should I go through a personal loan or a private lender? I have reached out to my credit union who is looking into seeing if I can get a commercial loan to fix up the property. 

Just need a bit of direction

Any insight would be great.

Thanks