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Updated about 12 years ago, 11/22/2012
Starting to invest in real estate in GA
hey guys, I am from atlanta ga i've lived here for almost 12 years. im thinking about investing in some real estate. I have couple of questions.
I have about 100k cash to invest.
im going to be buying house(s) around 65k-75k, so should i pay it out right and buy just 1 house or should I finance it? so i can buy 3 houses with 100k cash that i have, i'll just need to pay 15-20% down on them. my credit score is good.
by buying decent homes would i able to find tenants quick?
would I be able to profit 400-500 on each house? (if i buy a house for 70k with 20k down my mortgage would be around 350-400 and avg rent around here is 900-1100)
I know most say not to use a PM but since im new to this, i think i will try them out for few months see how they operate and decide.
How are other investers doing here? is there potential to make a good living out of real estate in the long run?