Valdosta Georgia Buy and Hold Investor Here!

[Franky Davis]

Hello everyone!

First off...thanks for reading my post. As the title says, my wife and I are buy and hold investors in the Valdosta area. We purchased a duplex at the beginning of this year and have learned quite a lot with regards to tenant management, property manager management, etc, etc. 

We are currently looking to make more acquisitions in the area as well and would love to network with people to help make that happen. Or, we would just love to hear your stories/opinions. If you are a local flipper/wholesaler/etc...please reach out. If the deal makes our numbers work, we would love to make you as much money as possible. 

Our finances are arranged and our very basic goals are as follows. 

Type: single family or small multifamily (<50 units)

Acquisition amount: <$1M

Location: we love the Remerton area and would love to purchase some SFH near there and close to campus. However, the student housing is tough to compete with in the mfh arena. Therefore, mfh will be targeted to families and out towards the base. Let me know what you have!

Numbers: numbers numbers numbers...we are attempting to purchase properties in the 9-9.5 cap range. This is a lofty goal so are more than happy to settle on the 8-8.5 range if there is some upside for rent boost and expense management, etc. I’ll look at any deal. We also pull in all of the “rules” when evaluating properties. No single criteria make or break the deal. I would also love to be another set of eyes for your deals if interested. We’re all in this together!

Thanks guys and I’d love to hear from you!