All Forum Posts by: Jason C.

Minh did mention the owner did live in one of the units, her name is on the tax page as owner and the address is the same as the property. 

I agree, it’s discretionary, if buying in a C class area. Money can be made, 2% rule can be achieved but other problems will arise. That property could profit if the price is right and the buyer screens tenants well.

Tenants live and pay rent everywhere, regardless of area. Being a flexible yet firm landlord is key. Regularly, tenant occupied houses are being sold in Macon’s not so good areas with 10+ year long term tenants in place; whether a new buyer wants to continue that occupancy is their decision.

At least in Macon, depends on what you’re looking for. Midtown and North Macon are good rental areas but prices are higher. Downtown is hip and growing but prices are higher for 100+ year old buildings. South, West and East are less expensive houses but some areas have been forgotten about by the city and it shows. This area can achieve the 2% rule after updating and “tenant proofing”.

Hey Minh,

On the Bibb tax assessors website, that property is valued at 75k. It’s been bought/sold or at least changed proprietary owner a few times in the past 5 years. Price ranging from low 60s to mid 70s. In 2011, it’s sold for 111k but has since sold at lower value.

As is, you’re pretty close to 1.5% rule which is pretty good for that area. I agree with you, I’d offer around 100k and if inspection comes back worse than you thought, might could get a price decrease as well. Hope this helps!

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Hey Brett,
Im a Macon native and local investor. If you’ve lived here, you know theres good and bad areas. Much cheaper than Atlanta, Warner Robins is booming as well. Let me know if I can help, thanks!

Hey Carl,
Im a Macon, Ga investor and I might be able to help. DM me

@Manuel Santiago Right! Do what feels comfortable and keep moving forward, it gets easier over time. Overcoming fear is the hardest part, what if I fail? What if it doesn't work out? Etc. MF is a bigger jump from SFH but returns and up scaling are greater. Good luck to you!

@Angelo Mart Thank you!

@David Greene Couldn’t have done it without you guys and the podcast, thank you!!

@Alyssea Sago Thank you!

@Brett Peters Thank you!

@Jasmine Rhodes Do your research and stick with it. Find something that you’re comfortable with and go for it. You can adjust or expand later. In the beginning multi family made me nervous but I’ve gotten so used to single family that now i think it’s time to adjust. Listen the the BP podcast! Haha

@Rhett Stephen Lowe it's funny how it started but I saved up 20% for my first house to avoid PMI, bought it and moved in. Yay! My first place! I started saving for my first rental and had some friends who wanted to move into mine so my second house became my primary again. I moved into my new place and they started renting my old house. From there I got the itch and started buying rentals over time. As far as tips/tricks, live well below your means to save. It'll be hard but I saved literally everything i earned for a solid year. My first house was 80k so I saved up 16k plus a lil reserves and the seller paid closing. Did most of the work on my own while I lived there. Google and YouTube were my helpers for sure. Eventually you gotta just take the leap and go for it.