All Forum Posts by: Michele Velazquez

Yes, I have learned that. No cash flow in Dallas. It came up on all of my research as a great city to invest in but I have learned that it is not for cash flow

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Quote from @Aj Parikh:

Cleveland, OH has great potential for Small multi family and Single Family homes and you can find it in an affordable price. I am based in Northern virginia and invest primarily in SFH and small multi family in Cleveland. Feel free to reach out.

What worried me about that market was the declining population. I wasn't sure I should still pursue because of that.

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I have spent so much time researching and I am so anxious to make an offer and close on my first MFU. I am just having trouble finding the right location. My goal is to buy a MFU (2-4) doors and have it cash flow from the beginning and still have a decent appreciation. I am open to a SFH if it cash flowed too. I narrowed the cities down to Greater Metro Atlanta are and Dallas Metroplex. Atlanta does seem to have some deals that can work. Haven't had any luck with Dallas. Are there other markets I should consider? Budget under $600K and 20% down. TIA

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Quote from @Kirk Bausch:

HI there. I have a SFR in Buford GA. I've owner and rented this property for 12 years. It's been stable and solid for me. I'd love to get some recommendations of Property managers in the area.

Thank you

Hi Kirk, I live near Irvine too and just put an offer on a property in Buford, GA. I am looking for a property management company too, did you find one?

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Quote from @Miguel Del Mazo:

Quote from @Michele Velazquez:

Quote from @Miguel Del Mazo:

Welcome to Buford. I'm born and raised in Atlanta, but my wife and I are very happy that we've moved the family to Buford. There's a great sense of community based around the awesome public schools.

Your willingness to make significant improvements in a property will really help you expand your potential deals. Most of the inventory of "paint and carpet" flips/BRRRRs have been picked clean all around Atlanta. There are still a number of properties that require more work (at a higher risk/reward) in the greater metro area.

My wife and I are professionals who are starting our investment in buy and hold properties. Let me know when you go to your first GA Reia, and I'll make it a point to go too. It'd be nice to have 1 sort of familiar face. :)

I am looking at investing in Buford. May I ask you a question about an area there?

Sure. I'd be glad to help as I can. I also use a rock star, investor-friendly Realtor the lives in Buford. She helped us buy our home in Buford and she found our two properties in Gainesville, GA (which is where our buy box is). I'd be glad to put you in touch as she has more boots-on-ground info.

Sure, I will take any contacts you have. Do you have a property manager or gardner you can recommend?

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Hi Kirk, I live near Irvine too and just put an offer on a property in Buford, GA. I am looking for a property management company too, did you find one?

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Thank you! And sure, I will take any recommendations you have. I have 2 questions. 1) Are there parts of Buford that are less desirable than others? One property I am looking at seems closer to the lake. 2) Are there high vacancy rates there? TIA!

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Quote from @Michael Dumler:

@Michele Velazquez, Gwinnett, and Hall county have seen a significant rise in rental demand this past year. What are lease comps indicating? Buford can be great for cash flow, but your vacancy rate will be higher as you pointed out.

The lease comps do indicate cash flow. I live in California though so I am not sure about vacancy rate. The seller said the tenant moved out last month and that they chose to sell it empty since it is better to show that way. They said that we shouldn't have an issue getting a tenant. My realtor also said it shouldn't be a problem though i don't know him that well. You think it will be?

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Atlanta, Georgia

All Forum Posts by: Michele Velazquez

Michele Velazquez has started 20 posts and replied 143 times.

Post: Best Market for MFU to CashFlow and Appreciate

Post: Best Market for MFU to CashFlow and Appreciate

Post: Best Market for MFU to CashFlow and Appreciate

Post: Best Market for MFU to CashFlow and Appreciate

Post: Best Market for MFU to CashFlow and Appreciate

Post: GA (Buford) Property manager recommenation

Post: Newbie moving to Buford, GA

Post: GA (Buford) Property manager recommenation

Post: Newbie moving to Buford, GA

Post: Is Buford, GA a good place to invest in MFU