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Updated almost 9 years ago, 01/23/2016

User Stats

95
Posts
27
Votes
Shane Odom
  • Investor
  • Saint Peterburg, FL
27
Votes |
95
Posts

Atlanta area sub $50K homes

Shane Odom
  • Investor
  • Saint Peterburg, FL
Posted
Good afternoon, I frequently come across smaller homes (10k sq ft or less), and was wanting some thoughts on whether investors consider these "deals"? It is difficult for me to come up with ARV, but I am confident in rental prices. I know the area well, but am still new to Wholesaling and REI investing in general. If you are able to come with the numbers for these to be deals, I would love to hear any tips or experiences you may have with these homes in the area. Thanks!
Account Closed
  • Real Estate Professional
  • Dayton, OH
187
Votes |
423
Posts
Account Closed
  • Real Estate Professional
  • Dayton, OH
Replied

Holly smokes!  I didn't realize there were so many homes in your part of the country that were over 10,000 sf!  The houses there must all be huge if you are asking if ones smaller than that have any market appeal.

Look at the market statistics.  That will tell you if they do.

User Stats

143
Posts
172
Votes
Tracy D.
  • Investor
  • Neptune Beach, FL
172
Votes |
143
Posts
Tracy D.
  • Investor
  • Neptune Beach, FL
Replied

10k sq ft? Thats mansion size, isnt it?

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User Stats

174
Posts
69
Votes
Cameron Price
  • Real Estate Broker
  • Hartsville, SC
69
Votes |
174
Posts
Cameron Price
  • Real Estate Broker
  • Hartsville, SC
Replied

@Account Closed

I'd be willing to bet that was supposed to be 1K sf. Lol. 1000 sf homes. I see a lot of these in my area as well. They do well for a low income rental if thats the game you want to play. 2 bed 1 bath or 1 bed 1 bath.