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Updated over 2 years ago on . Most recent reply

User Stats

16
Posts
15
Votes
Tyler Evans
  • Flipper/Rehabber
  • Buford, GA
15
Votes |
16
Posts

Newbie moving to Buford, GA

Tyler Evans
  • Flipper/Rehabber
  • Buford, GA
Posted

Hi BP community! Looooooong time lurker finally at the point in life where my wife and I are going to jump into our first deal. I thought this was going to happen 4 years ago but better now than never. Since my last post 4 years ago, a lot has changed. Looking back we basically live in flipped two homes. Our first home I personally did a lot of work and we ended up selling 2 years later with a capital gains tax free 50k, we rolled that into our 2nd home in West-Midtown Atlanta and just sold our Atlanta home in November 20' for just under 100k in tax free dollars! We are closing on our third home in Buford, GA on 1/27/2021 and this will be a home we stay in long term (1 kid, #2 on the way).

That said, we have around 50k in capital and over the last 6 months, my wife and I have been doing a deep dive into all the books, podcasts, forums, blog posts, etc. Growing up, my dad owned a remodeling business so I am well versed in gut job bathrooms, renovating kitchens, addons, decks, electrical, plumbing, etc. You name it, I've probably fixed it or remodeled it. We are looking to take the 50k in capital and buy a property near us that is in poor condition and rehab and either flip to build capital, or BRRRR. My value add is I know (and am willing) to do the work but also understand the value of time so will contract out when it makes sense. The goal is to do a few hands on flip or BRRRR's to get our hands dirty and then scale.

Anyways, I am looking to connect with other local investors and, once we close on our home next week, we'll be in the clear to get the train rolling!
-Tyler


Most Popular Reply

User Stats

1,344
Posts
872
Votes
Brenden Mitchum
Agent
  • Rental Property Investor
  • Atlanta, GA
872
Votes |
1,344
Posts
Brenden Mitchum
Agent
  • Rental Property Investor
  • Atlanta, GA
Replied

Hey @Tyler Evans, welcome to the BP community (again)!

Congrats on the fantastic success you have had with those live-in flips! And congrats on the new home and kiddo on the way!

As I'm sure you already know, Buford is a fantastic market. It is quite pricey which is fine for flipping but tough for buy&hold. BRRRR could definitely work out there, as well. Do you plan to stick in that area or invest across the MSA, eventually?

Also, you mentioned scaling, what does this mean to you?

I'd give my left arm (not really) to have the renovation knowledge you have. Please, shoot me a message anytime if you're looking for some help on a project or just want to chat about the ATL market!

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