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Updated over 9 years ago on . Most recent reply
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New Investor from Atlanta GA.
Hello everyone. My name is Brenda Atkinson, I work in financial services at a regional bank. I'm so glad I found this site! I'm excited about my new venture and am grateful for all the information and inspiration.
I've owned my primary residence in Smyrna GA. for about 20 years. A few years back I lost a job I thought I would have for a lifetime. It was a real wake up call, and a bottom I hope to never return. So I went back to college and stayed to get an MBA. All things happen for a reason. Recently, that job I thought I would have forever offered me a pension buyout, and I took it.
I just closed on my first investment property. It's a town-home just minutes from my house. I got it for $73,500, putting in $3,500 for repairs, and it appraised for $90k. That's a deal, right? I plan to rent it out and have a few questions on the best way to market a rental. I should get $400-$500 a month cash flow from it.
According to experts, this area is about to have a boom in real estate. I love this area and really want to own more of it. My first deal basically landed in my lap. I don't expect them all to work that way. I'd really like to hook up with other investors in this area, maybe get a partner. I'm not sure where this is going but I'm in for the journey.