All Forum Posts by: Winston Babb

Looking for a GC for North Georgia just across the border of TN, looking for remodels for rentals and flips. I will be buying aggressively in Chattanooga and Georgia for the next five years. I would rather pay more and choose quality over the cheapest and fastest. 

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $350,000
Cash invested: $55,000

Awesome STR in the summer and medium term rental during the rest of the year

What made you interested in investing in this type of deal?

great cashflow for an expensive market

How did you find this deal and how did you negotiate it?

agent, and agent

How did you finance this deal?

conventional

How did you add value to the deal?

furnished and rented it

What was the outcome?

STR/ medium term rental

Lessons learned? Challenges?

takes longer to furnish things when you do the work yourself. Hire a designer and have someone build the design and do it for you. lost 3-4 months of rental income because and maybe saved myself like 2-3k. it rents for 3k a month