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Updated over 3 years ago on . Most recent reply

User Stats

28
Posts
13
Votes
Hieu Bui
  • Rental Property Investor
  • Athens, GA
13
Votes |
28
Posts

Moving to Athens - Looking for RE Agents and Investing advices

Hieu Bui
  • Rental Property Investor
  • Athens, GA
Posted

Hello Everyone,

I'm currently based in Norcross but will move to Athens in September. I'm planning to purchase my first rental property/house hack there. I'm looking forward to connecting with RE agents/investors/contractors/PM in the area! I have about $58k in cash and was pre-approved for $300k conventional loan.

Right now I'm really looking for an investor-friendly agent who can help me find/bid on deals. Anyone who has recommendations please feel free to let me know!

My strategy is to buy a duplex in $100k range and live in 1 unit. Or buy a 3/1 SFH and rented out a room. There're recently a few duplexes that on sale for around 110k on the East side, which on paper the CoC ROI turns out to be 8-10%, not too bad?

Is there any neighborhood/part of town that I absolutely need to avoid?

Thank you all!!!

Most Popular Reply

User Stats

336
Posts
122
Votes
Georgui Kasaev
  • Realtor
  • Athens, GA
122
Votes |
336
Posts
Georgui Kasaev
  • Realtor
  • Athens, GA
Replied

Hello @Hieu Bui and welcome. I think you will like Athens Ga. I will be in touch with you to talk and see in what way I can be a resource for you! The east side of Athens is a great little area! Most duplexes in Athens will need some deferred maintenance work before you are able to charge the top of the market rents. As far as where not to invest... There is a neighborhood called Stone Henge on the west side of Athens. I would personally stay away, even if the property was free.

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