All Forum Posts by: Frankie Woods

Welcome back @Andy Saquing !

@Ryan Johnson , welcome to BP!  This is the perfect place to get your free education in R.E., and the people here, for the most part, are second to none!  I'm glad to see you jumping in and introducing yourself!  Happy investing!

This sounds like an excellent deal with me.  Considering you gave conservative numbers for gross rent, the property is worth $915k at an 8% cap.  You are leaving a lot of room for any "newbie" errors...

Welcome to BP @Eduardo Lopez III !  Looks like you are well on your way.  I look foward to hearing more about your story/experiences as you grow!  Good luck!

Good luck!

@Anna Watkins , awesome introduction!  You seem to have all the pieces in place to make an excellent push into the game!  I wish you luck and hope to hear more about your story as you grow!

My vote is mult-family. Use a FHA to get in the home virtually for free (~3.5% down), and then use the other properties to "hack your house" and live for free! It doesn't get much better than that. Additionally, if you have problems with vacancies, the risk is lower because worse case scenario you are paying yourself to live in your home (e.g., mortgage paymet) vs. some else (e.g., rent). Good luck!

LOL!  I guess you assume that all Atlanta buyers/investors listen to BP? 

I personally can't stand Condos!  Simply too much uncertainity for my taste.  I agree with @David T. , I'd take warzones all day over condos and their fees... 

I have two 4-plexes that are all 1/1s.  They are in high demand here in St. Louis.  They are recent purchases, so they have not been seasoned, but my fingers are crossed!