Augusta, Georgia (First Time Investor)

[Gabe Fermin]

Hello BP family!

I’m new to the real estate game. After many years of listening to BP/Real Estate Podcasts, reading, and building up my finances, I believe there’s no better time than now to finally jump into the real estate world.

I’m a New York City native, but purchasing any type of real estate in this area is not realistic for me.  So Augusta, GA is one of the locations that has been on the top of my list.  With my in-laws living in Augusta,  I visit the area a few times a year, and it definitely seems like there’s some potential in the market.  And let me not forget to mention, it’s MUCH more affordable. 

Ideally, I would like to use the buy and hold strategy, with a 50k budget to get started.  I haven’t decided if I wanted to start with a turnkey property, or a property that’s in need of mid/minor rehabs.  Obviously the numbers and location would determine which is the best option for me but these would be my preferred methods. 

For those that are familiar with the area; Is there a strong rental market in Augusta to focus on rental income, and if so, which areas should I focus on?  What would be an ideal budget for getting started in these areas?

Looking forward to hearing from you all!

Best,

G