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Updated almost 5 years ago, 12/18/2019

User Stats

3
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0
Votes
Denise Williams
  • Rental Property Investor
  • Atlanta, Ga
0
Votes |
3
Posts

Newbie need advice on startup and relocation

Denise Williams
  • Rental Property Investor
  • Atlanta, Ga
Posted

I am relocating from California to Georgia within the next 6 months. However, I feel loss. Here is in my dilemma; MONEY, EDUCATION, AND TIME.

MONEY: I am spending money setting up my business, attending real estate seminars, and workshops. At the same, time trying to save more money for relocation cost, down payment, and travel expenses to flight back and forth to find a potential investment property to live in temporarily, while trying to keep my credit score up to take advantage of the favorable interest rates.

EDUCATION: I do not know the Georgia market very well. I had purchased a property in Georgia several years ago as my primary residence, which I am now renting out. I am not sure how to analyze the market remotely for my next investment property that I would need to live in for a little while.

TIME: I am now attempting to research how to wholesale while I am here in California to recoup the funds I have already spent. While at the same time trying to find a way to figure out the Georgia market, set up financing, travel back and forth to locate and close on a property within the next 4 months since I need to leave California by May 2020. All this while working full time.

I have attended a couple of REI Meetups in my area. However, I still have not found a solution. Could anyone give me suggestions on the best way to sort this out? I feel as though I am running around like a chicken with my head cut off. I don't like that saying ……sadly to say I understand it now.

Any suggestions would be greatly appreciated.

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