Bought my second investment property in Atlanta!

[Jason Pabon]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $112,000
Cash invested: $22,400

Just closed on my second investment property in Atlanta! It's a 3 bd/2bath home with 1,545 sq ft. Homes in this side of town rent between $1,050-$1,200/mo

What made you interested in investing in this type of deal?

Atlanta - one of the hottest markets in the country and still growing. Rental demand is very strong here.

How did you find this deal and how did you negotiate it?

Roofstock - I knew it needed minor repairs and the seller was tired of holding onto it so I made him an offer that was fair on both sides.

How did you finance this deal?

Conventional - 20%

How did you add value to the deal?

Homes in this area sell between 115k-140k - I bought at 112k

There is minor upgrades to be done - exterior, paint, basic maintenance.

Lessons learned? Challenges?

Get the best rate! Lending is a big component to this - do not just settle for a rate "because it's the best one out there"