Building a Savannah, GA Real Estate Team

[Mike Lambert]

I am new to BP and to Real Estate Investing. I live in Richmond Hill, GA, and have been stationed at Hunter Army Airfield for 2.5 years.

I'm currently looking to build a Real Estate team and plan to purchase my first single-family home in the next 5 months (then renovate & rent before 2018). I am open to having an investment partner, but am most interested in finding:

- Real Estate Agents

- Contractors (and sub-contractors)

- Accountant

- Lawyer

- Property Manager

I will be creating an LLC soon and have been looking in Savannah, GA, for a rental to refurbish and rent. Desired house:

- Single Family (would consider Duplex)

- Under $60k for purchase AND renovation

- 750-1400 SF

Look forward to meeting and teaming up with you!

Mike

[Ian Skelton]

Agent: I have been using Carl Lucas with Keller Williams

Lawyer: Steve Jackson (Mcmanamy, Jackson) 

Property manager: Pam T Properties

My personal opinion is to beware of property below 60k, as the neighborhoods are usually pretty rough...  although some are ok. Your best bet is find properties you think you might be interested in and drive the neighborhood during the day. If you feel ok with it try again close to dark (but not quite dark) and if you still think the neighborhood is ok then look at houses there. Personally I try to stay in the 60k-90k range because the areas are better (but that's my opinion) 

All that being said... I am currently looking for another property and have seen some already occupied rentals and some fixers in your range. But remember to figure in management fees, and an estimate for ongoing repair expenses.