All Forum Posts by: Anne Turner

Congratulations on starting your journey in the wonderful world of real estate investing.

Are you talking to the same lender as your "buddy"?  Does he have a similar debt to income ratio?  That can really make a difference in what you qualify for.  Was he getting a home in the Augusta area?

When you are looking for a contractor in regard to a single family home, what is your end goal, to make it a duplex / quadplex?  You will need to check with zoning on that as there are very few areas that have that type of zoning.  You are definitely correct that there aren't too many of them out there and most are not in good shape.

You will get a fair price with Jay at Augusta Carpet Mart.

I had a friend who did AirBnB in his home and had a steady stream of renters for various events in town as well as corporate / medical folks who come in for a few days at a time. I believe he was consistently renting some rooms for 2 - 3 weeks a month.  He ended up with repeat folks.  Another friend has had good traffic at their home with AirBnB but it is not booked quite as often.  Both homes are are within the same general area convenient to the interstate, downtown, and the golf course and the owner stays in the home during rentals (except masters). There is a need for 3 - 6 month rentals as well due to the amount of new construction going on in the area.  People come in and buy a new home but their houses will not be done for a few months.

There are a couple of active local investment groups in town. REIA of Augusta meets at the Columbia County library in Evans. Their FB page is: https://www.facebook.com/reiaofaugusta/  For real estate education and hearing from people who are investing locally there is AORE (Art of Real Estate) that also meets once a month at Savannah Rapids Pavilion.  https://www.facebook.com/TeamAORE/

Both groups are a good way to meet people that are investing in our local market. REIA is geared more networking and deal sharing.

I recommend John Womack with Legacy Residential.

Welcome.  I am in Augusta as well.  It sounds like you have a good aggressive goal and overview plan.

As Winn says things can vary block by block.  A few good sites to know are:
Richmond Co crime map: https://www.augustachronicle.com/special/99999999/...
Columbia Co crime map: https://www.augustachronicle.com/special/99999999/...

sometimes https://www.homefacts.com/ is helpful