foreign investor looking to invest in SFR in Atlanta, GA or Charlotte, NC

[Tom Dewit]

The kind of property and price tag that I am looking for, including
repairs and renovation would be rehabbed SFR's of under 70.000$, built after 1995, in A, B or B- areas. No C- or D areas.

Considering the rule-of-thumb of subtracting 50% of the gross rent to
cover expenses, and considering that I need at least 10% NOI, I am looking for properties with 20% gross rental income.

I would buy cash, and see later if i can get the Fanny Mae delayed financing to extract cash back out of the property to be able to buy more properties.

Any suggestions?

[James Martin]

Welcome to Biggerpockets! I know Jarred E. is selling a large inventory of turnkey properties in Atlanta. He may chime in on this conversation.