All Forum Posts by: LaRhonda M

Thats understandable. Unfortunately, currently I dont have any boots on the ground in any location outside of Atlanta. I'd love to find a high potential location(s), visit, work on building relationships, and getting boots on the ground.

Originally posted by @Jonathan Soto:

i will say select a market where you have boots on ground already or something you can build fairly quickly. there are a lot of states and cities where RE is on fire but without that team it is pointless.

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Anyone else finding it difficult to network and have real conversations and make real connections these days??? No more monthly meetups and subgroups - a lot of reading and podcasting, some virtual conferences. Never had a strong network in Atlanta, but I miss people!

I never had a strong core team in or network in ATL or elsewhere, but I definitely prefer genuine networking and conversation and learning. I will sure be glad when we get through this!

stay safe everyone!

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Hey guys, I'm fairly new the the RE game but I've gotten my feet wet and ready to take this thing to another level. I've been investing in Atlanta for a while now(buy and hold and a flip). But highly interested in look into investing outside of my Metro Atlanta. Looking for great markets for long distance investing that would produce great ROI for buy and hold properties! I've been told Birmingham and Montgomery would be markets worth looking into.. Anyone in Mephis or Detroit I regularly see cheap homes on the markets in those areas as well. Ideally I'd like to build a team around a few markets outside of Atlanta to invest.

LaRhonda M

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Electrical Engineering!!

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Anyone know of any banks that will refinance smaller loan and properties with ARV under $100K?

I'm look at a property that will have an ARV of ~$90K, but will be looking to refinance my money back out.

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@Jacob Gelinas same here

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Originally posted by @Michael Albaum:

I always use 1% of the purchase price as a starting place. Especially since as an investor, you’ll want to have high liability limits. The Zillow estimate assumes you’re living in the property

Ahh.. that makes sense.

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Originally posted by @Michael Albaum:

Hey LaRhonda, I don't see any calculations here...did you forget to attach it? It's always super helpful if that's attached as it saves folks from having to do the calculations for you. Also, just make sure you account for PM fees, reserves/cap ex, maintenance in your monthly cash flow projections. Also, the 5.5% seems SUPER high for whats going on right now in the market. Lastly, where did the $48/mo for insurance come from? It seems quite low.

Ah, didn't realize I could add a .pdf, can I go back and add (although, I wasn't 100% sure if it was correct)??? and yeah I thought 5.5% was very high too especially with having a 790 Credit score - so getting multiple quotes. The $48 came from a Zillow estimate of the insurance cost.

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All Forum Posts by: LaRhonda M

LaRhonda M has started 16 posts and replied 45 times.

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Post: Property Analysis - Can we discuss??

Post: Property Analysis - Can we discuss??