All Forum Posts by: VinothKumar Ganapathy

@Brenden Mitchum

It’s a new construction and have enough time to shop around I don’t know for some reason even my know mortgage agent is quoting higher for investment property at 3.25 at 5k closing cost. Since my seller is giving 5k credit my known agent could get close to it. Therefore ending up with 2.5k closing cost with 3.75%.

If there is any recommendation I shall gladly take it and check it.

The same community has a rental property for 1750 per month for a 3 bedroom 2.5 bath. Since I wanted this to be rentable and attractive I am going to have 4 bed 2.5 bath expecting the same rental. The loan if all works out comes to around 1250 to 1300 per month. Whatever remains even if it’s thin I would take it than having no interest in bank.

I am new here and buying my first property in Atlanta north suburbs. It’s a new construction worth about 250k single family.

I know most would never recommend this idea but for me I have kept hard cash in my bank account for long.

I’ll put down about 25% and closing cost comes to zero sum as my seller is giving 5k credit along with lender credit of 2.5k @3.75% interest.

I believe new property would not give lot of trouble for at least 5 years and planning to be own property manager to learn things on rental investment.

For me it’s more about learning for few years.

After that my aim Is more on multi family home like triplex and more.

When I search for them I do not see anything in Atlanta region. How to find them.

If that’s difficult is it possible to find a good builder in Atlanta who construct multi family home.

Thanks and wish me luck. I have learned a lot in this forum.