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- Mar 8, 2004
Congrats, we are coming up on a year of being in our home.
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Slick nick, what company did you use to remove the popcorn ceiling? Just someone local?
This has been my most profitable flip and now i gotta find a new one.
It generally takes a few days. Should hit your account today or tomorrow.Just selected my lot for my first home on Saturday with construction set to begin after i choose my upgrades at the builder. I had a question about the earnest money. When does the builder/mortgage company deposit the earnest check? I dropped it off on Monday, and it still hasn’t been deducted from my account.
If you see your values go really high...think about selling.
My experience with rental properties is that it only takes 1.
Had a horrible tenant and had to pay him to leave, smh.
You aint lying. The same house I own behind me is on the market for $749k. Tenants are paying way below market value rent. It's been on the market for 6+ months and houses have been selling for 830k+. The cheapest 2 fam in my neighborhood right now is $929k.
My realtor blasted me out to like 4 brokers who blew up my phone for 2 days with quotes. They all had the same insurance companies but different prices. Didn't consider going straight to an independent broker though.
Are you sure of which company you want to go with?
Houses on my block are selling fast for $900k. Most of the duplexes, 4 plexes are going for over a million.
Had the house appraised for a refi and the guy said I should be charging 2.2k per unit.
Im owner occupied for the moment but I might have to move out.
In the process of purchasing my 1st investment property in Acworth, Ga (near Kennesaw State University). It's a duplex so I'm getting rent from 2 tenants, each currently paying $900/month. Everything, closing costs included is $193k. My down payment is $39k and my mortgage will be a little over a $1,000.
I'm excited to be making passive income, My cousin owns some duplexes down the street from the one I'm buying and his property values have gone up alot in the last year or two. I'm going to be working with a property manager as well.
We completed the home inspection with no major issues. I'm excited to be a home owner.
I am looking into investing in the Atlanta area. I am not sure if I want to take a shot on buying and flipping or renting for residual income. I am looking to get deals in cash buy outs and go from there but have absolutely zero knowledge on the real estate investment game ... I like the path you took. If not too much to ask, what is the % commission for the property manager? How much do you stand to net per month?
Man you making complete sense here with this one ..... I am slightly interested in both avenues, the short and long term. You just made me really appreciate the long term outlook though ... It's a significant change on my outlook considering my 401K is only currently average for my age group ... I would gladly pay a property manager 10% to keep things in order as I'd like to have a couple of units ... Thanks for the insight man ...
On more question, if you don't mind me asking - How long did you search for a place, and how did you go about selecting a property manager?
Thanks bro!