All Forum Posts by: Russell Bogan

Congratulations! Did you pay for double closing with hard money? How much of your initial investment are you getting back after refi? Thanks

Thank you everyone for responding!

@Eric M. Taking your n everybody's advice I did respond. We bought a property with tenant already occupying. Apparently the previous owner was lax about payments and letting them pay leisurely and not charging late fees. My pm had a meeting with them n explained that new ownership was not going to allow that. She demanded my personal info which pm said no thats what he's there for. She sent me a FB message to bad mouth pm n said they couldn't agree on time frame on repairs. According to pm It had been about prompt payment which they had been late on several times. 

I have a property manager in place but the tenant has found me on Facebook and wants to communicate. What should I do? 

Sounds like a decent starter property. Some place for you to stay and almost be living rent free. Stay a year or two while rehabbing, increase value and rent . It cash flows and has equity. As long as the area isn't terrible and no other major issues besides roof..I say go for it

Thank you everyone for your responses! 

@Account Closed

Couldn't help but laugh 

Anyone ever used an unsecured line of credit to purchase a property?

I'm in

Looking to connect with real estate agent in the Atlanta area. I'm out of Clayton county

Go with your gut!!! Hope you and your wife are communicating and have a understanding about the situation

If the numbers work for you to live rent free or close to it I say lean towards buying. I would be weary about the neighborhood and the type of tenants it will attract. You say the area is b+ and want to invest in more? That could be worth while in the long run with the right planning