All Forum Posts by: Cynethia Scott

Hello @Tish Boyd! My name is Cynethia Scott and i'm a licensed Real Estate Broker and Property Manager here in the Atlanta area. I'd love to network with you to discuss how my company can be of assistance. I'm sure that you'd love our hands-on approach and detail in protecting your investments. Feel free to contact me with any questions. 

Thanks so much Cynethia

Opps Dawn A., I didn't think about the utilities.. That's a good point. I figured that I would have to only worry about taxes for the next year. Paying cash, you don't have to pre-pay for taxes for the year like you would with a mortgage? Hmm another thing i need to think about. This is all valuable information! I thank you both for your guidance.

Thanks Ryan Richard, That makes sense. Do many investors pay for a home inspection like they would if it was their primary residence? I was thinking of doing this to help me understand the condition of the property beyond what I can see. I would put this in as a due diligence in the contract. That is great advice, take a look at what is out there and renters look for.

Thanks for your reply Dawn, since these are older homes in the city, they can easily rent for $700 or more per month for 3 bedrooms. I wasn't sure if buying and taking your time to fix it, was ideal. Plus I'm having a slight anxiety attack about letting go of that kind of cash at once..lol

I know that is question has been asked several times but I cannot find the post that I started reading..

To make a long story short. I have about 25K in cash and spoke to a rep at the bank about a loan. They said based on the information I provided, I would qualify for a loan (they didn't check my credit). So here we are months later and I checked my credit score to verify it it had gone up. Well to my surprise it had gone down so i'm not sure if I qualify anymore. I have seen properties come and go for about 20K and less that i'm interested in.

My question is do you think that it would be wise to purchase a SFH or Condo with cash and have minimal on hand for repairs at this time. I was thinking that this would be my first investment and I would gradually make repairs until it is up to par. I could do up to 1,000 per month on repairs from my current income. I just want to get in while i can find something decent before the market changes too much but not trying to do a major renovation.

Is that just a waste of money? or should I get my credit back to where it was? Currently my money is just sitting in the bank earning no interest. My thought would be to get a property, fix it and rent it out over the long run.

Congratulations Andrew! This is great news and a good motivator for us newbies out there. Thanks so much for sharing :)

Also, I've been reading landlord and tenant laws and trying to learn those like the back of my hand before I purchase anything so that it won't become a horror story.

Hello BP family! I am new to the forum and have been reading feverishly day in and day out. All of the posts, blogs etc on this site. Needless to say I feel overwhelmed and not sure where to begin now :).

Here is my background. I have been a real estate agent since 2004 and had plans to become a broker and start my own Property Management company. After having sat for the exam once before and not passing, I got discouraged and never tried again. The market slowed for me for a while so I place my RE license on inactive. Now, I've re-visited the plan again and i'm more motivated to get started and go through with it. Since my license was inactive for about 2 and a half years I'll have to wait 3 years or so before I can take the brokers exam again..

My plan is to learn all I can because two or three years will come sooner than I think. In the meantime I want to invest in my first SF or multifamily rental property to buy-and-hold. I have been pre-approved for a loan and I have people that want to become a partner in the deals Not to bore you too much, so here are my questions.

What are a few things that I can do while I wait until it's time to take my brokers exam again? I've been reading the blogs here already, any good books on landloard? classes? should I start a business plan?

Do you think it's a good idea to have a partner invest in a deal with you? It seems that the profits will be greatly reduced

Is it really good money in Property Management or with all of the hassle?

Should I start thinking about my company structure? I've read how others handle their businesses but is this too early?
As you can see I have alot to think about and do but I need a handle on things because i'm very excited and motivated.

Thanks so much for your input :-)

I am in NEED of this. Please keep me updated!

Hello everyone! I am so excited to have found this site and ready to learn from some intelligent people. I am Cynethia and I have been a licensed real estate agent for about 9 years (part-time). Full-time I develop e-learning courses and I am ready to begin a new area of the business or my first love. I ultimately want to open and run my own Property Management company and am in the process of sitting for the brokers exam. I am actively looking to purchase my first single family home to invest in and hold for a while and eventually purchase a multi-family property (as funds permits of course) but before i do i want to gain insight. Thanks for having me here and i look forward to meeting everyone.