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Updated over 4 years ago on . Most recent reply

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4
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1
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Arionna Russell
1
Votes |
4
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College Student: House Hacking a Seller Financed Deal in Atlanta?

Arionna Russell
Posted

Hey Y'all,

I am college student in the Atlanta area and I want to buy my first investment property before the end of the year. I have limited capital & good credit. Although I have no problem making monthly payments, I would have a hard time qualifying for a conventional loan. I either want to house hack a multifamily property or find a SFH with 3+ bedrooms to rent by room. I am looking in the 30314, 30318 areas.

What sellers would be interested in this proposal and what is the best way to find them? (Perhaps established landlords?) I know the Atlanta market is hot, but I am willing to put in the work to find the needle in the haystack. 

Methods I am considering: zillow, craigslist, mls, mls expired listings, asking everyone I can find

Most Popular Reply

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103
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28
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Justin Lee
  • Realtor
  • Atlanta, GA
28
Votes |
103
Posts
Justin Lee
  • Realtor
  • Atlanta, GA
Replied

@Arionna Russell hey! I think that you are using all of the proper channels. The for sale by owners and expired listings are more likely to be open to seller financing. I would continue to call and email sellers daily. 1 out of 100 will be a bite. Strategically consider how you will structure the deal.

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