All Forum Posts by: Josh Harris

Hey Michael thanks for your reply. Yes I have checked the HOA rules and they will allow a minimum of 6 months. I definitely don't want to skimp on quality but hopeful I can find someone good who is also competitively priced.

Thanks for chiming in Kevin! I also appreciate the heads up and perhaps should be more cautious. I currently see some properties around the Belvedere Park area that look interesting. I'm also just genetically looking in all of Decatur but understand there are some rough patches.

Thanks so much for your input and responding Abel! I'm still on the sidelines and working with a realtor but haven't pulled the trigger quite yet. While I'm still new to the real estate, part of me is thinking the Fed may begin to slowly lower rates in the next few months. That having been said, I think when he does, home prices will continue to elevate. I too though they would come down but it seems because of the low supply of homes that may not happen (at-least any substantial correction). With that in mind, I'm looking to buy within the next 2 months before that first rate cut which I think may cause asset prices to rise a little. I am actually looking in Decatur as I'm seeing some single family homes in the 200k range, even some fixed uppers slightly below. I'm still even thinking of doing the condo route that allows rentals even with an hoa. Still having some analysis paralysis to be honest and continuing to research. Thanks again for chiming in and feel free to stay in touch!

I currently have around 200k in cash that is yielding 5 percent in my brokerage account. I'm thinking of using that same money to potentially buy a rental property that could yield more and appreciate in value over the years. I figure it could be a decent time to buy soon while it seems to be somewhat of a buyers market given high rates as I could be cash buyer. I am however, a total newbie when it comes to real estate investing and it would be my first rental. That having been said, I want to avoid any rookie mistakes. I'm in Atlanta, GA which gives me fewer options with that budget unless I go with condos with HOA's that allow rentals, or venture out to towns outside of Atlanta like Macon, GA, Athens, Lagrange etc... That having been said, are there any tips from experienced investors in Georgia with suggestions of where I should be looking to buy? I even get tempted out of state in places like Alabama, South Carolina because real estate is so much cheaper there but continue to hear its best to have a rental around 45 min away or so.. Any tips/insight much appreciated! Thanks so much!