All Forum Posts by: Jean Paul Rousseau

I like atlanta but I had various problems. I bought in october 2013 and the tenants only came in february 2014, I had unexpected high maintenance cost and excessive Bill from the attorney. So for now I prefer to change. There are several turnkey compagnies that looks fine in memphis and birmingham, but I found nothing appealing in jacksonville

I appreciate all those good comments, I will also investigate little Rock and Jacksonville.

Curt, I had a look at your site, but I understood I had to buy before rehabilitation is completed. Due to the fact that I am far away, and to minimize potential problem, I will prefer to buy houses completely rehab.

Thank you for all those good advices that will encourage me to dig a little bit more on the subject. I was specially impressed by J Benoit french, I had no problem to understand what he said...

Thank you for those replies. For the people, I contacted some of them by phone, and selected those who seem trustworthy, but it is difficult to make an definitive selection my phone. In any case I plan to go to the States before buying. I would like to avoid being to far from Atlanta to minimize the travel expenses. I prefer to buy elsewhere from now to diversify my source. 

Now I have two different opinion on those cities (as usual, I assume), I will try to pursue my investigations.

Again I appreciate any comment

Hi,

I am quite new on BP.

I am a french citizen living in France, in the Paris area. Last year, I created a Georgia corp. that bought two houses in Atlanta (80 000 $ each). Now I plan to use this corp. to make further investments. As I am far away, I intend this time to use turnkey companies (I plan to go to the States once a year maximum). For now I intend to pay cash because it seems too expensive to borrow in the States for a foreigner. (I look in France but it’s not so easy either because if I give a stock portofolio as a warranty, it has to be twice in value of what I borrow). In any case I intend to put around 200 000$ in cash. So I have several questions:

I investigate Memphis and maybe Birningham which are not too far from Atlanta and have a good rent to buy ratio. The drawback I see, is a decrease in population since 2 000 in those cities and a high crime rate. All depends of course of the area in which you are investing. Is investing there a good idea ?

With a 200 000 $ budget, should I buy two houses 100 000$ each or three houses 66 000 $ each?

Be sure I will appreciate your comments

thank you for your answers,

In fact I am looking to buy a third house, if possible already rehabilitated

hello,

Does someone Knows an investor friendly real estate agent in atlanta, not efraid to work with non us citizen. I already own a georgia corp. having two single family homes. So I am a begginer.

Regards