All Forum Posts by: Leroy Abrahams

Quote from @Craig Teller:

As a seasoned investor who has primarily operated within my local area (South Florida), I am now venturing beyond my backyard eager to diversify my single-family portfolio. I am interested in the Southeast region, specifically targeting areas in Georgia, North Carolina, South Carolina, and Alabama. My focus is on properties in the affordable range of 75k-150k. Seeking valuable advice on cities within these states that show promising potential for growth. Your insights and recommendations would be greatly appreciated as I explore opportunities beyond my familiar territory.  Thanks in advance. 

Shelby, Madison, Baldwin, Limestone and Tuscaloosa are the highest growth areas right now. There are some key zip codes in the Birmingham area that are worth looking at as well. Be glad to discuss further.

Is anyone aware of international buyers interested in property in the Southeastern part of the U.S?

Would love some help. Trying to work more with willing realtors to avoid all the cold calling and want to avoid putting down any earnest money.  I’m actually making some progress, but have a few questions.

1. Do I need to get the seller to reduce to their price so that I could add my wholesale fee, even if the MAO is >$15k above asking price.

2. Is it advisable to get a pre-commitment form signed by a prospective assignee before entering into a contract to protect my risk?

3. Is there a specific assignment form that needs to be used in each state?

Welcome Jameelah! My wife and I live in Birmingham, AL, have a few properties in Florida, but are just getting started with doing flips in Birmingham. Would love to collaborate with you two. We have a strong network of Real Estate professionals we are working with here.  Our goal is to build a flourishing Real Estate business also.

Birmingham, AL is a strong investment area due to surging housing demand, low unemployment and numerous business developments and federal investments. My wife and I are looking to flip properties, but if you have the liquidity you could easily reach you $6k to $8k revenue goal in recurring income. Renovated Homes are going in the low 200s.  Let me know if you want to chat further. 

Someone from Stay Hikaru reached out to us inquiring about our Tampa property.  They are a corporate housing company. Does anyone have any experience with this company? Here's the link to their website: www.stayhikaru.com

My wife and I have owned and managed both short term and long term properties in Tampa, Florida and Panama City Beach for 3 years. We have built the processes and procedures, grounded in hard-learned lessons, to quickly turn a newly acquired property into a revenue-generating asset. 

Looking to partner with anyone who has funding, but needs someone with time and background to launch and manage an investment.

Given the times in which we live, what is the best way to invest $50K in Real Estate over the next year to maximize Cash Flow and wealth accumulation?