All Forum Posts by: Joseph Hoot

Welcome Regina!  Good luck in your expansion interest into Augusta.  It's great to hear of people growing their business.

Hi all,

I am looking for some lender advice in the northern Georgia area, if possible.  I have used 3 lenders so far in my life here in the Buffalo, NY area -- M&T Bank, HSBC, and First Niagara.   HSBC was not good!  They incorrectly updated my credit stating the my home (the one that I still live in to this day) was sold for a short sale.  It took me roughly 2 years to sort things out.  And it was very frustrating, for someone who has never had any credit issues, to go through all the motions between HSBC, Experian, Equifax, and Transunion.  After resolving, I quickly refinanced with First Niagara and have been very happy since.  

I just finished accepting an offer on my home-- the "short sale" one.  I am now beginning to investe my options as I look for a home in Georgia.  I am not a person who just sits down with the first offer I get without researching alternate (possibly better) options.  I'd be curious to think what the BP community thinks about the quality lenders who you have been happy with in the northern Georgia area.  I've also heard that community and local banks were usually better to deal with rather than working with the big banks.

Do you have any advice on me?   I am currently interested in a conventional mortgage for my primary residence, but would quickly be interested in understanding what investor friendly lenders are in the area as well.

I haven't dealt with any foreclosures yet.  But I'd be interested in seeing if anyone else replies to this post, as I have an interest.  Up until now, I actually didn't even realize the banks would counter offer!

Hi all! M name is Joseph Hoot. I currently live in the Buffalo, NY area and am moving to Roswell, GA area in the spring/early summer with my wife and two kids. I am on the IT industry, currently working for the state of New York university system and am looking for work in GA. My wife is an elementary school teacher, who is fed up with the education system. So our current plan is to support our day-to-day living off of my salary and allow her to go full steam into multi-family investments. We'll be in the area in March to visit, look for IT job opportunities for me, search out a potential primary residence for my family, and also look at investment opportunities. We have a lot going on, so I'm not sure it will be possible to touch base with anyone here, but if you live in that area and might be interested in talking more about how we might begin this journey, I'd be open to trying to meet with you. I am a handy guy. So our current hope is to find something in the GRM range of 4-7 that might need a little bit of love. We have some funds, but would be interested in understanding more about leveraging hard money. I've done a lot of reading and understand some of the basics with GRM, NOI, cap rates, cash on cash, pro forma's, etc... But we don't yet understand a lot about leveraging private investor dollars to make it a win/win for all. If you have any advise or suggestions for me, please toss them my way. I'll go ahead and say "Thank you" in advance. In any case, hello and I'm glad to be able to discuss more about real estate in this forum! Also, I'm a home Brewer who's looking for a good Ellysian IPA clone recipe, if you know of any :) Cheers! Joe