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All Forum Posts by: David Goings

David Goings has started 12 posts and replied 131 times.

Post: Buy or pass on 1st VA purchase

David GoingsPosted
  • Specialist
  • Columbus, GA
  • Posts 146
  • Votes 54
At first glance I don't think the juice is worth the squeeze for 20k sweat equity. And I also agree that you need cash for the renovation. The VA protects its vets from buying properties that need work. If you want to get creative using your VA loan I would recommend buying a multi family property and renting out the extra units. -Dave

Post: Investors in Alabama

David GoingsPosted
  • Specialist
  • Columbus, GA
  • Posts 146
  • Votes 54

Columbus GA here ! Shoot me a PM, let me know how I can help you. 

- Dave 

Post: What comes first...the deal or the financing?

David GoingsPosted
  • Specialist
  • Columbus, GA
  • Posts 146
  • Votes 54

@Tyler Brawn I agree with @Bob Okenwa for this one. Proof of funds is important if flipping to even be considered as a serious buyer by the seller in most occasions. 

Lastly, I am an active wholesaler here in Columbus GA. In box me so we can discuss real estate and get you plugged into the market here. 

Regards, 

- Dave 

Post: What $60,000 buys in North County, St. Louis

David GoingsPosted
  • Specialist
  • Columbus, GA
  • Posts 146
  • Votes 54

@David Hart that property has been sold. But if you are serious about purchasing in the area please in box me so we can chat. 

Thank you, 

- Dave 

Post: Newbie in Columbus, GA

David GoingsPosted
  • Specialist
  • Columbus, GA
  • Posts 146
  • Votes 54

@Tyler Brawn Local Columbus GA investor here. Come to our meet up, first Tuesday of every month 6:30pm Keller Williams training room. Welcome to real estate. Hope you've listened to every podcast on BP. 

6053 Veterans Parkway

Columbus, GA

@Sharon Goebel Sending you a private message with my attorneys info. She is exactly what you're looking for. - Dave 

Post: 6.3 Acres in prime Columbus GA area

David GoingsPosted
  • Specialist
  • Columbus, GA
  • Posts 146
  • Votes 54

2 separate lots zoned SFR1 with partially developed acreage, prime location in Columbus GA. Surrounded by recently sold new construction homes worth 300k, including a flag lot in the middle subject's. 25k per acre, Priced to sell.

Located on Billings Road across from Arrow Head Estates Subdivision.

Post: Need help picking real estate school!

David GoingsPosted
  • Specialist
  • Columbus, GA
  • Posts 146
  • Votes 54
Jessica Chaney just following up. How are thing going in your real estate career? Eager to hear. Thanks -Dave

Post: Live in investment options

David GoingsPosted
  • Specialist
  • Columbus, GA
  • Posts 146
  • Votes 54

I felt the need to put this deal out there for everyone's benefit. Any and all opinions are welcome. 

Bought an off market turn key house with 140K equity, its just very dated so it needs about 50K of work to flip. Plan was to wholesale it immediately but I  decided to purchased and move into it so I could list my primary residence which was not an investment. 

Now shiny object syndrome has set in....I live in this awesome house and I am debating the options listed below in no order of precedence. 

1.) Live in for 2 years then wholesale as is tax free. 

2.) Flip now, enjoy the updates for 2 years then again, sell tax free 

3.) Wait for primary residence to sell (improve D/I ratio) refinance this house, do minor repairs then Rent. Capitalize on great schools and military town. 

Tax concerns are that the home is in my LLC at the moment so will that affect the 2 year primary residence tax exemption?

Anymore options you all would like to add???? Also any caveats to the options I am considering? 

Thanks! 

- Dave 

Post: Newb in Lake Oswego (Portland), OR

David GoingsPosted
  • Specialist
  • Columbus, GA
  • Posts 146
  • Votes 54

@Chris Pebley come back to Columbus GA! Or possibly invest here from out of state?