All Forum Posts by: Aubrey Ford

Also Following. I plan to spend the next year or so educating myself on the markets near me and (maybe) do a duplex build to sell or rent. Always need multiple exit strategies right :) 

Also looking for someone in the Peachtree city area. I have purchased a new primary I intend to hack while living in it. need a little bit of everything. drywall, flooring, minor electrical/plumbing. 

 Thanks for this good advice!

I purchased a SFH that had a septic. When inspecting the property it was obvious hte Septic needed repairs. I created a contingency for the seller to repair and service the septic system. Spent the next year rehabbing the property. Finally got tenants in last month and this month I am told the septic is full and backing into the house. What are my options here? Seems I may have been taken advantage of...

I am looking to buy a 3/2 SFH near Atlanta that has a full in-law suite in the basement. Its needs a small bit of rehab to get it ready for rent. I am wanting to split them and rent the upstairs separately from the downstairs. No HOA or any restrictions I can think of. Any advice/suggestions of what I may overlook in a venture like this?.

I'd be interested in looking. Please sahre more details. 

My first deal ever last year
I purchased a two property deal in a single hard money loan. (low value properties -125k for both) Intention was to do a BRRR on both. The first one worked out perfectly. I'm getting about 8% CoC with 11% Return on Equity. The other suprised me. The rehab was about $10k more than anticipated but the post repair appraisal was $70k over my estimated ARV. The CoC and Return on Equity are not great, but now I have $70k of equity I have to figure out how leverage. If I take it out I go negative CoC and Return on Equity is below 2% :( I look at this as good problem to have and consider this a huge success for my very first deal.

Sincere thank you to everyone here. The Bigger Pockets community has been a real help for me in making good decisions 

Does VA allow you to purchase a small multi-family and live in one of the units? I still have my VA benefit and am wondering if I coud do this type of house hack using my VA benefit?

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