All Forum Posts by: Lisa H.

Hey Lisa! I'm a real estate agent and investor here in Sacramento with Hardin Realty and Property Management. We manage over 100+ STR/MTR. I have struggled with this same issue in the past. The best way to find reliable contractors, I have found, is to talk to other agents and investors in that market. Make a list of 5-10 and start by just calling for bids and seeing how fast they will respond. That usually is a sign of what kind of contractor they are. Hope I helped!

Thank you. Good idea.

0 Votes

Atlanta, Georgia

Hi Travis, thanks for replying. How would one plug in to an already existing team?

Also, do you ever fly over to Detroit once you make a purchase? I’m just trying to get an idea of everything. I know the Californian market very well. In other places? Not so much.

Unrelated but I love Arroyo Grande. I wanted to one day live there. It was my dream for years. I grew up near the Valley. But I landed in SD. Can’t complain.

0 Votes

Atlanta, Georgia

I'm looking into investing out of state (I live in California). My goal is to BRRRR (just learned that acronym) but I suppose the "renovation" part would be minimal —cosmetic— since I feel like I would not have good control over that if operating on the opposite end of the country. Has anyone been successful in renovating long distance?

2 Votes

Atlanta, Georgia

Following....I too am in California and I simply don't have the capital to invest here. I'm looking for areas that have a decent cash flow with potential for equity growth. I know.....don't we all. lol.

0 Votes

Quote from @Brian Penter:

Quote from @Lisa H.:

Quote from @Brian Penter:

Atlanta is a tough market to make the numbers work to positively cash flow right off the bat. Our primary is in the Atlanta suburbs but we bought our first rental out of state for this exact reason. That said, our primary has appreciated ~ 75% over the last five years.

You probably have to get creative to make something work- seller financing could be an option. Look at properties that have been on the market 45+ days and offer something like 70% of asking. They may be insulted but worst they can say is no.

If you want cash flow, you could also look out of state. Read David Green's book on how to do it. There's lot of markets in the midwest where you can buy pretty turnkey rentals to start cashflowing.

Good luck!

What areas outside Georgia are turnkey and make positive cash flow?

Our rental is in Alabama but a lot of the midwest can still cash flow. There tends to be an inverse relationship with cash flow and appreciation so it just depends on what your top priority is.

Very true. I guess I want to know what areas will eventually be gentrified in the next 5-10 years. So I can buy cheap, maybe cashflow a little and then capitalize off the equity. lol. Doesn't everyone, right?!?

15 years ago, I had the opportunity to buy new construction ($120K) in Austin (Round Rock) that would immediately cash flow. Now look at Austin. Same house is about $420K.

1 Vote

Atlanta, Georgia

Quote from @Brian Penter:

If you want cash flow, you could also look out of state. Read David Green's book on how to do it. There's lot of markets in the midwest where you can buy pretty turnkey rentals to start cashflowing.

Good luck!

What areas outside Georgia are turnkey and make positive cash flow?

0 Votes

Atlanta, Georgia

Hello, I am looking to invest in my semi-first rental property in Warner Robins area. Although I’ve found some good deals in other areas outside of Atlanta too.

When researching typical rent for the direct area, I am looking at property management companies, Redfin, Zillow, apartment complex, Craigslist etc. to get a good idea what average rent is. However, quite a few properties that I’m interested in buying already have tenants in the house renting at a significantly lower rate. It would be ideal to keep the already established tenant in the property but the lower rent makes the positive cash flow now negative. It’s also making me second guess rental rates. Maybe my research is incorrect.

Any help and guidance would be appreciated.

0 Votes

All Forum Posts by: Lisa H.

Lisa H. has started 10 posts and replied 38 times.

Post: Rehabbing long distance?

Post: Rehabbing long distance?

Post: Rehabbing long distance?

Post: Rehabbing long distance?

Post: where to find deals?!

Post: Facing newbie burnout - anyone finding deals?

Post: Facing newbie burnout - anyone finding deals?

Post: Warner Robins and other areas