All Forum Posts by: Adrian Wooten

Look up Alexia Wright Property Management Group.

 Congrats! I would love to see some pictures.

Hello All,

My wife is travel nurse so maybe I can help a little:

Their is no incentive for the nursing agencies to help you.Agencies offer housing for the nurses to stay in during their assignment which is a lower cost than granting the housing stipend to them. If the nurse accept the stipend,they are able to find their own housing and pocket what ever is left tax free. As mentioned before you will be better off marketing to the nurses directly. The Gypsy nurse Facebook group has already been mentioned and is a good resource. There is also other websites like www.furnishedfinder.com  and www.nursesbnb.com that are just similar to Airbnb but cater to travelling healthcare providers (nurses, medical assistants,locums,radiology techs). You can also go on Linkedin and find HR reps for the hospitals and offer them an incentive ($$$) for "suggesting" this great place that would be perfect for them.

Looks awesome.

@mitch Yeah,I know condo is blasphemy on BP :) I was only considering it because it was a cash deal and it would cashflow. Thanks for the advice.

would be Originally posted by @Mitch Messer:

Hi @Adrian Wooten and welcome to BiggerPockets!

Yes, as an investor, you should always be looking for your next deal, particularly in a competitive market like Metro Atlanta! Great deals won't wait until you're ready to take them down...

I'm not a fan of condos, for a variety of reasons, but the more deals you consider the easier it will be for the cream to rise to the top and overshadow the more marginal "opportunities."

As long as your investment decisions are guided by the financials, there's no such thing as too many killer deals!

Hi BP,

Beginning real estate investor here looking for some advice from the forum. My first investment property is a multifamily that is undergoing renovation with the use of the FHA203k loan and should be done in about 45 more days (fingers crossed). What I wanted to ask is when should I start searching for my next property, I have about 50k that I can use as a DP for it.Should I see this first renovation through and get it rented first? I have a high income from my W2 and excellent credit to get another loan. I also thought of the idea to buy a condo for cash in the Lithonia or Union City areas and do some cosmetic upgrades and rent it as well. I welcome any advice you guys can provide.

Could you give an example of what some of the homes were going for?

Whoa,that place is amazing. 

Hello All,

I to get your opinion on getting into purchasing rental property in the Atlanta area. My current townhome in East Point is appraised at 125k and I owe 45k on it. That gives me roughly 55k in equity to take out. I was thinking about using the 203k loan to rehab a quad and owner occupy.There are a few in the city (College Park and Clarkston) for around 200-250k. 

First,does this seem like a sound plan?

If so what should be my next move after the quad? Flips until I can use the 203k again? Purchase SFH using the Homestyle loan? Another multifamily using a conventional loan? 

Are quads better than dupe/triplexes really?

Should I AirBNB my current space or regular rental?

My credit is 750 and my salary is 190k. I do have 2 kids and most the multifamilies are 2bd but I think we can survive for a year.

I know this as lot but I'm just trying to plan my steps. This is a substantial amount of money to me and I want to use it in the best way possible to start building wealth. Any feedback would be greatly appreciated.