All Forum Posts by: Brandon Owens

@Courtney Foster If they ask for up front fees with promise to pay back at closing...Run!!! All legit lenders I've used never ask for upfront underwriting fees (i.e 1% of total loan)

@Ryan Calomeris You don't need a real estate license to mail to clients in Georgia. There are countless investors here sending direct mail campaigns to find deals... including myself. I'm here local in Atlanta. Let me know if you would like to connect

Hey @Josh F, I'm also interested in multi- family deals. Would like to hear more about your property

Hey @Tre Jenkins I agree with @Ned Carey on this one. It's better to buy in an LLC than in your personal name. You can still get financing through the LLC with adding a co-buyer with stronger credit.

@Dallas Campochiaro Welcome to the site. Atlanta is a great market. I currently invest in SFH homes here but in the process of transitioning to small multi-family. Let me know if I can be of any assistance.

Hey @Simone Johnson and welcome to BP! I've found that Credit Unions and small local banks have been good to work with it for funding. I also use Wells Fargo for my business account. If I were in your shoes, I would definitely consider house hacking a small multi-family unit if kids/family isn't an issue. With your credit score, you wouldn't have a problem getting approved. There are also a lot of first time home buyer programs in Atlanta that you could look into for down payment assistance and FHA. The sky is the limit. Good luck on your REI journey.

I agree with @Nicholas LaGatta I'm currently doing flips in East Point and Lakewood area. East Point by far has some of the worst permitting processes in the city. If you can deal with that, it's a good area to consider. 

Hey @Gavin Conlon

Welcome to BP! I would also recommend joining a local REIA, but keep in mind that some of the content shared there will be companies trying to sell you on their programs. This forum is also a great place to network. Good luck on your REI journey.

@Waleed Abdulrab Yes, it has to be the 2 most recent years

@Cedric Jenkins

Most likely Hard Money is going to be your option if you don't have any private money connections. FHA probably won't be an option with that amount of work needed and if you don't plan to stay there as an owner occupant. Hard money will give you funds needed to do the rehab and then you can refinance later. Make sure the rehab budget is accurate as your numbers might be too tight for the loan to be 75% of ARV.