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All Forum Posts by: Richard Boyd

Richard Boyd has started 16 posts and replied 48 times.

Post: New Investor Starting in Buffalo, NY

Richard BoydPosted
  • Property Manager
  • Oneonta, NY
  • Posts 48
  • Votes 3

I'll be in Buffalo this time next year, I can't wait to see where you are at that time!

Post: Laws for Georgia

Richard BoydPosted
  • Property Manager
  • Oneonta, NY
  • Posts 48
  • Votes 3

Thanks so much for the quick reply! 

Post: Laws for Georgia

Richard BoydPosted
  • Property Manager
  • Oneonta, NY
  • Posts 48
  • Votes 3

Hello,

I have a small home in south Ga that I would like to lease with option to buy. Are there any "middle men" requirements to signing a lease in the state of Ga? 

Or can it be just the owner and buyer?

I understand I may need an attorney when it sales, but before that point...What?

Post: New Investor Starting in Buffalo, NY

Richard BoydPosted
  • Property Manager
  • Oneonta, NY
  • Posts 48
  • Votes 3

I just read a really good book "Investing in Duplexes, Triplexes, and Quads" by Larry Loftis. This will give you a better perspective on goals and you will learn a lot from this book and the more you read, the more ideas will be flowing for you. Good luck!

I see this was in March, how are things now?

Post: Newbie in Buffalo, New York

Richard BoydPosted
  • Property Manager
  • Oneonta, NY
  • Posts 48
  • Votes 3

Hello my name is Richard Boyd. I'm currently serving in the Navy and I separate December 2016 at which time I will be moving to Buffalo to finish my undergrad degree. (pursuing dentistry)

I'm an accidental landlord, I inherited my grandmother's property and I have leased it with terms. This is what turned me on to real estate. I'm extremely motivated and ready to learn more. I'm not sure which type of real estate I would like to be involved with like wholesaling, or land lording, ect...

I'm on the search for someone who can point me in the right direction with learning. I'm looking for a mentor or just helpful tips. 

I understand there is still a year until I can do anything physically, but I know there is much to learn. 

Thanks for any help!

Best Regards,

  Richard Boyd 

Thanks! I appreciate the input, that's the way things are looking.

I'm currently serving in the Navy stationed in Spain. I have $26K debt and I would like to be debt free within a year and a half. with that in mind. I purchased a cheap family-owned prop for $12K and it is worth $30K, but needs about $15K in repairs. I would like to know if I should do the repairs or sell it now before I get over my head. The home is located in south Ga. in a small retirement community. I start college when i get out in 1 1/2 years, so I don't want to have debt at that time. I also don't plan on returning to south Ga. Anyone have some valuable advise for me?? 

So my story starts with me. I'm currently in the Navy and i'm stationed in Spain and I only have 1 and 1/2 years remaining in the Navy, at that point I would like to be debt free bc i'll be attenting college. With that in mind, here is my story. I bought a home for $12k with a $30k worth. It needs repairs of est. $15k; however, my current debt is $26k without the extra $15k for repairs. The neighborhood isn't great. It's a very small retirement community in south Ga. SO, should I sell as is, fix repairs and sell, or does anyone have any other ideas. I'm brand new to Real Estate and I need some solid advise. I do not plan on ever living in south Ga again. I'm open to all ideas!!!