All Forum Posts by: Guy Laclair

Wow, this scares the heck out of me. Would you mind sharing the GC contract you use? I have never used a contractor yet as I buy already completed homes to rent out.

Fantastic! Would love to see your reply on some of the questions above.

Was looking at buying an investment property near Indianapolis and just discovered something huge. The property taxes are reduced for primary residence 3 different ways. 1. If you have a mortgage you get a tax break 2. Supplemental (not sure what that is for) 3. Homestead A property valued at $106,500 with all of it's tax reductions in place will be taxed as is the house value is $36,975. The tax rate is 0.025798. So a primary resident is taxed $909 while a non resident is taxed $2747. Time to move on.

Is anyone aware of a great property management company for McDonough GA? I am a remote investor who is closing on a nice home May 16th.

I am starting to investigate the Atlanta Market for buy and hold. Would love to know your thoughts on different areas around Atlanta. I am hoping to get at least a 1% return on a home which was built after 1990. The homes I lean toward are 3+ bed 2 bath, with a 2 car garage. I do not mind paying a small HOA fee.

Your thoughts?

As I am not a PRO member I cannot solicited for a property manager or realtor recommendation.  

Thank you Curtis, I was looking at the details you posted about this home last night and I was SHOCKED! 

The rent I am seeing for a 1990 and newer 1200 sq ft 3 bed, 2 bath, 2 car garage is safety $1100 to $1200 and the homes on the MLS I am finding is over 140k. Of course if the rent goes up so does the MLS list price.

As I am not a PRO Bigger Pocket, I am not able to solicit for off market deals even if they might exists for the home I described above.  

I like the 1990 and newer homes which are 3 bed 2 bath and have a 2 car garage. I am not finding anything is rent ready condition which would generate near 1 percent return. Is this possible in a quality neighborhood around Charlotte?

I also started investigating Charlotte and would love to see your details.

I agree with staying out of SC until the inventory is so low that it raises the rental prices because of the higher taxes on non occupied homes. 

I have the opportunity to buy a house from a person who has a rent to own option. His option to buy ends July 1st. I can buy the house at his option price. How can this legally be done? He does not have cash to buy but I do have cash to buy. I would not want to give him my money until the title is in my name.