All Forum Posts by: Darius Johnson

$100,000 / 8br - 3024ft² - 4plex for Sale (Albany Georgia)

613 COCHRAN AVE South Albany Georgia 31701

4plex 2BR/1BA, Potential total Income $1400 to $1600

Motivated Seller that will consider reasonable offers.

CALL 229-255-5425 for more details

Apt A- Vacant can rent for $350-$400

Front and side exterior doors need replacing.Living room and 2 bed rooms need carpeting; old carpeting has been pulled up.Kitchen needs hot water heater Kitchen needs Kitchen sink and cabinetry Bathroom needs a toilet Bathroom needs sink and vanity 2 bedrooms need door and framing replaced.Heating and Cooling element inside needs replacing Heating and Cooling unit needed on outside.

Apt B- Vacant can rent for $350-$400 Repairs needed to move into apt B:Kitchen Drywall replaced because of kitchenette needs kitchen sink and cabinetry Kitchen back door and framing needs replacing Kitchen Ceiling needs drywall replaced in part of kitchen.Bath room needs a Bath room Sink and Cabinet installed -- We already have the Sink/cabinet in warehouse.Bath room ceiling drywall can be replaced water spots.Carpet in 2 bedrooms and living room can be replaced. 

Apt C- Vacant can rent for $350-$400.No major repairs needed, Minor renovates could be done.

Apt D- Vacant, most updated apt as far as renovations. Can rent for $350-$400, minor repair needed. Heating and Cooling unit needs maintenance, Apt has been vacant for past 18 months.

$100,000 / 8br - 3024ft² - 4plex for Sale (Albany Georgia)

613 COCHRAN AVE South Albany Georgia 31701

4plex 2BR/1BA, Potential total Income $1400 to $1600

Motivated Seller that will consider reasonable offers.

CALL 229-255-5425 for more details

Apt A- Vacant can rent for $350-$400

Front and side exterior doors need replacing.
Living room and 2 bed rooms need carpeting; old carpeting has been pulled up.
Kitchen needs hot water heater
Kitchen needs Kitchen sink and cabinetry
Bathroom needs a toilet
Bathroom needs sink and vanity
2 bedrooms need door and framing replaced.
Heating and Cooling element inside needs replacing
Heating and Cooling unit needed on outside.

Apt B- Vacant can rent for $350-$400Repairs needed to move into apt B:
Kitchen Drywall replaced because of mold
Kitchen needs kitchen sink and cabinetry
Kitchen back door and framing needs replacing
Kitchen Ceiling needs drywall replaced in part of kitchen.
Bath room needs a Bath room Sink and Cabinet installed -- We already have the Sink/cabinet in warehouse.
Bath room ceiling drywall can be replaced water spots.
Carpet in 2 bedrooms and living room can be replaced.

Apt C- Vacant can rent for $350-$400.
No major repairs needed, Minor renovates could be done.

Apt D- Vacant, most updated apt as far as renovations. Can rent for $350-$400
Tenant can be in place by end of Month, minor repair needed.
Heating and Cooling unit needs maintenance, Apt has been vacant for past 18 months.

Tenant has had 3 signs house they are renting from Landlord is having issues with the Mortgage company.  

1.  A contractor from the Mortgage company can to cut grass at the property in question.

2.  Sign placed on do to call number if house is occupied.

3.  Small door hanger sign hung on door to call the mortgage company.

These seem to be clues landlord has issues but will not completely say.

What can a tenant do in this situation?  This is very annoying and frustrating to see these types of activities taking place at a house they are renting.

Need to find flood insurance for a 4-Plex apartment building in Georgia.  Anyone have any advice that can be shared?

@Brandon Sturgill

I have not talked to a lender about this yet? Nor credit union or portfolio lender.

Who would you recommend?

@Brandon Sturgill

Do you live in the current property? Every two weeks, I visit property spenting the weekend there, cleaning & doing yard work.

What is your equity position (actual not an estimate)?  Not sure.

Have you talked to a lender about this? A credit union? Or portfolio lender?  I have not talked to anyone yet.

Thanks for all the advice, thus far!!

Hello Everybody,

Looking to refi 1st mortgage on a SFH out of town, to get money for a down payment get a 2nd mortgage on another SFH in a different town in Ga.

Anyone have experience doing this or any suggestions?

1. I what to keep 1st SFH but it is unoccupied looking for a renter. This is my former primary residence.

2. I want another SFH to live in as the new primary mortgage in different city in Ga.

What is the best way to accomplish this or is this a good idea? Interested in how to pull this off.

Thanks!

Welcome!

Thanks, guess an assessment would need to take place to understand existing technology the stakeholder are using or just integrate a new platform across the board.

Looking at starting non-profit, but want to leverage technology.

Would like to have meetings virtually with the stakeholders that are out of town, what is good and affordable?

Also would like to use a system to get old documents into digital format and are view able by stakeholders and committee members.  I am open to suggestions.

Thanks!!