All Forum Posts by: Robert Collins

@Kelli Huang I think I may start looking in the area for some properties, everything is so high now , in 2019

@Tony Gunter I saw the exact thing about the low entry but those school scores suck! Which gave me red flags , I’m still trying to narrow down a area I can focus in , that has a good balance.

@Taylor L. thanks for input . That’s what I’m kinda trying to find out about, for someone who doesn’t want to use private or hard money on the first deal , simply because of how easy it wouldn’t be to use  traditional bank financing, and to get a better interest rate , would it be crazy to go this route for the first deal, to keep things much cleaner and easier, which will take longer but may feel a little more comfortable, I guess what I’m asking is for someone like that should they mostly look for deals on the mls ? 

Wondering if investor are actually using conventional financing when purchasing off market deals , I know most of the time when you find a off market deal, or deal that’s not Zillow or most sellers or wholesaler would like to close quick and with a cash buyer, so I was wondering for those who are able to get those good conventional rates , what kind deals do your look for since most likely if the funds are coming from a bank it’s probably going to take little longer to close unlike the cash buyers quickness 7-10 day close, I guess I’m asking to help figure out how I should approach deal finding if I know I’m going through a bank and the only cash I would using but is the 20% down payment. 

@Matthew Nicklin hey question, when your looking at deal or you across one, numbers work but you check to see the school ratings and they suck do you still invest there for buy & hold even if the area is coming up but the school ratings are horrible 

Just wanted to hear some stories how some of the investors out there in the Atlanta market have used the brrrr Strategy to advance their investing journey in 2019

@Jaysen Medhurst it was a 5 unit. We walk away from the deal they wanted $250k , with still 65k needed in repair so we walk. The management was low because my partner was going to take care of it for $100/m . We been back & forth for 4 months about this deal that ended up not really being a deal once you dig inside And Do all of the due dills 

@Jacob Sampson would should I put manage % at it self managed , it’s in a B area , & I was trying to do my cap x $100/door that came up about 12% of the rent so I just divided with the repair maintenance fund , which ended up being like 250 & 250 what % do you normally use on cap & maintenance 

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