learning the Atlanta Real Estate market

[Akay O.]

Investment Info:

Single-family residence hard money loan investment.

Purchase price: $116,000
Cash invested: $38,000

This is a SFR 3/2 of about 1025. Prices are in the 150-170k neighborhood.

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

The neighborhood is settled, the rents appear reasonable at between1000 and 1200, long term prospects appear reasonable especially post Covid.

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

Found it at auction and a property I had been keeping an eye on.

How did you finance this deal?

Hard Money, 20% down and refurb costs were borne by me.

How did you add value to the deal?

Value was in the purchase itself

Lessons learned? Challenges?

Finding a great interest rate, lack of US experience in my current Llc's name

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

No