All Forum Posts by: Eric Thompson

@Sam K. thanks for the site. I will be sure to use it for sure when evaluating an area to buy in. @Chris Majors Thanks for the info on South Augusta. I have thought about that area as it is easier to break into because of the lower price points. @Jade S. thanks for the perspective. I am a fan of ease for sure. 

I am currently out of the country and will be for the foreseeable future. Do any of you have suggestions for full property management companies?  I have been looking at Auben Realty but not sure if anyone else has had better experiences with anyone else.

Just getting started and looking for buy and hold options in the Augusta, Evans, Martinez area. I think I have found a good options but I am getting a bit confused. Are any of you finding the market is better for SFH or Multi Family? I have been doing all my research online as I am out of country at the moment.

I can tell you I have been looking into more and more single family homes as it seems there is  more to choose from. This is not a surprise. Also I am not sure anyone wants to share the info but is there certain areas that you may have found to be more conducive to renting out than others.

Thanks for all the help and I look forward to the discussions.

@Adrian Chu

I do and I plan to. I was just wondering if anyone else had any experiences with homes of this nature.

So I have found a house that is for sale for 15k and it has had previous fire damage. I am not sure the extent of it yet. I contacted the realtor to get info on the house but I am not sure how to go about talking to them (or if I should) about my potential intentions. So I guess this is a multi tiered question.

How much should I be honest with the realtor about my intentions? I can't thin of any reason they wouldn't be honest with me but I don't want to expose my poker hand before time. Also how is a good way to terminate discussion on this house without being hounded by a "salesman".

Obviously depending on how much fire damage is done, is it a bad idea to even look at the house in the first place? Has anyone had experience with homes like that before?

When looking at comps in the area I see that most run 65-85k. This one would be on teh high end because of 3 beds and 2 baths and sqft. Of course I need to get some repair estimates but if the house is only 15k to purchase how much is too much for repairs? I know that is a loaded question and it depends,  but I am asking for general ideas and am not totally sure what I am asking but know there is a question there. 

Overall it is my first step into even ASKING about a home for potential flip so I am of course nervous and a fish out of water. This is also my first post on bigger pockets as well so I do hope for some good interaction.

Thanks everyone in advance!