All Forum Posts by: Beau Watson

@Paul Bogdan

There is always a couple arguments about putting more down or not. Make it simply about the numbers. No opinions. No emotions. Nothing. If the numbers work out to have PMI and it cash flows after you move out or you can sell quick at the 2 year mark keep your money moving towards next investment. If you are on a tighter monthly budget put more down.

Honestly just analyze both ways and put that data in front of you.

@Chris Koeppel

Congrats on the house, cash flow and appreciation dude! Good story and I am glad with all the extra damage you still came out ahead! Always a big worry for me when looking for rehabs.... the great big unknown!

@Noah Frerichs

Banks are pretty strict on the primary resident thing. He would qualify for numerous options because he is a veteran though! Keep searching that route! I believe y’all are on to something if your dad is up to it!

@Noah Frerichs

Noah,

If this is truly a killer deal an investor would likely jump on and partner with you. I would give the advice to start networking and find that right partner to fund it for you.

2nd thing I would say is since you have income you should house hack it. Again, if it is a killer deal you should be able to jump in one of the units. If your credit is solid and have income coming in it is likely you won’t need much down using a local credit union.

Just some thoughts. PM if you wanna talk through anything dude.

@Joe Villeneuve

Many numbers are important in the real estate game... which one are you referring to?

@Christopher Owens

Do what you just did.... ask a forum. Google. Then narrow down by your price point. Connect with a few wholesaler/realtors in the narrowed down areas and have them start sending you properties. They will also know area and you can ask questions of them.

I like Covington, GA. Blue collar. Lots of cash flow. Not a huge amount of appreciation.

Bought a duplex there for $105. $10k repairs. And it rents for $875 a unit. No vacancy issues.

Where are you buying the leads from? 

@Vincent Carminati

Local Atl investor and manage my own property.

Send me a message I think I can help with your problem!

@Rory Kelleher

I agree with the others. 1% is a great guideline but there are plenty of properties out there that can cash flow and be awesome investment that are below that. I love analyzing. Message me the address and I’ll help you analyze! Would love to see your numbers and what ya did and I’ll do the same!

@Brian Adams

You ever need boots on the ground for anything here in Atl let me know. My W2 is extremely flexible. I travel all over Atl metro for work so easy to look at properties etc.