All Forum Posts by: Yoni Rozenstein

Hi Yoni, are you talking about Gresham Park, GA? I live in Gresham Park and I love it! It's super close to East Atlanta Village and about 12-15 min from downtown. That said, I am not an expert on analyzing an area for investment strategies yet, but I can tell you that on my street alone, we have had 7 flips in the last 12-18 months. So it seems like a really hot area for flipping. I don't know about rentals, but I would imagine that if you could buy a property for $100k or less that didn't require a lot of work, it might be a good rental prop...

I work a lot with foreign investors and used to be one myself, here is what I found out:

1) For Single familly, there is only one company that will do landlord loans nationwide with decent rates and good underwritting times.

2) For small commercial properties, it is hard as lenders see it as too much work and risk for not enough money. The best bet is to have a local partner with good credit who guarantees the loan

3) For large commercial properties (Loan>$1M) there will be more lenders as it becomes financially interesting for them. They will likely ask for more money down.

@Yoni Rozenstein I would have to agree with the others on your capex. 2004 is a newer house, but keep in mind that means the water heater, hvac system, roof, etc are all 13 yrs old. So in the next few years, all of these will need to be replaced more than likely. 

Also,  if you don't have one already, I would love to recommend a management company to you for your acquisition. I am a third-party contractor for them, so I am a little biased.  They manage for a lot of out-of-state owners as well as out of country owners.