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Updated about 2 years ago on . Most recent reply

User Stats

15
Posts
7
Votes
Hal Davis
  • Investor
  • Rome, GA
7
Votes |
15
Posts

Buy and Hold Investor in Rome, Georgia

Hal Davis
  • Investor
  • Rome, GA
Posted

Hello all,

I'm a 35 year old who has only been investing for 2 years.  I got into rental investing when I moved from Atlanta to Rome, Georgia and didn't like the market price for my primary residence at the time.  I rented out the house until prices came back and it worked out pretty well.  

I rolled the proceeds from the sale into a cash purchase of a 3/1.5 in a good rental neighborhood.  $52k that rents for $650.  So far so good.

A few months later a nice 3/2 hit my radar and I financed the deal at $67k that rents for $825.

I use a property manager here in Rome and they have been great to work with, although they do not have direct deposit, they do take care of everything and only charge 6% with no upfront fees.  I have more than a full time job and a 4 year old son.  I want to be an investor and not a second job.

I have a one-hour each way commute which I fill with the BP podcast (among others).

Looking forward to doing some networking and learning on BP.

Thanks for having me,

Hal Davis

Most Popular Reply

User Stats

3
Posts
3
Votes
Jessica Duty
3
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3
Posts
Jessica Duty
Replied

Does anyone have any recommendations for a local investor friendly realtor and also contractor in Rome, Ga area

  • Jessica Duty
  • Loading replies...