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Updated about 2 years ago,
Looking for my next house hack
Hello BP family, I'm looking for an investor-friendly agent in Atlanta to help me find my next house hack. My situation is that I'm separating from the military and moving to ATL (currently 2hrs away).
Timeline: Get plugged into auto MLS searches now. Ideal purchase is September-October 2023. Open to buying earlier depending on the scale of renovation (comfortable with a small to medium rehab but I'd like to avoid a complete gut). Off market deals are welcome.
Lending options: FHA / FHA 203K / conventional low money down. I already maxed out my VA entitlements. 800+ credit with 100k+ W2 income...No concerns with getting bank approval. Happy to compensate agents who understand creative financing and can help me find seller finance or subto deals!
Property type: traditional small multi family but assuming they're hard to find, most likely a SFH with ADU/DADU opportunity. Interested to hear how easy/hard it is to obtain zoning permits in Georgia.
Deal criteria: I'd like my total housing expenses to be <$500 while owner occupying. Planning to self manage for 1yr to help with the numbers. After moving out, targeting long term rental and net $250/unit in cash flow. Open to MTR/STR depending on the location.
Location: Heavily relying on the agent's knowledge...I'm looking at Gwinett, North Fulton,Cobb, Dekalb but I'll be moving out after 1yr so I'm flexible with the location.
Look forward to connecting and learning so I can better manage my expectations. Please feel free to share if you know of any upcoming RE meet ups!