All Forum Posts by: Reed Schlesinger

Welcome, Ryan! Congrats on starting your RE journey.

 If you are in the Alpharetta area, I would recommend attending the monthly northern Atlanta real estate meet up / mastermind group which is held in sandy springs each month. Would be a great place for you to find a mentor! The next meeting is May 30th and you can find more info under networking section of bigger pockets. Best of luck! 

Hi Norman,

I am interested. I just sent you a pm. 

Thanks, 

Reed 

Never seen a super straight forward $80k rehab but best of luck! 

Missed last months meeting but looking forward to connecting with other Investors tonight! 

@Raj I. Thanks for sharing! If you dont mind I would love some insight on why you believe the ROI on Marietta is terrible? I have been trying to find a duplex there recently but everything that goes on the MLS is gone or goes for around 98% listing within a few weeks of being posted.

I agree with @Peter MacKercher in regards to transparency on the buyers end. The problem is that sometimes sellers like to fudge the numbers on their Financial Statements leading to you being high and dry. I would make sure to be extra conservative when you are modeling out the purchase and see what you come up with. 

Thanks for posting your success Michael, would love to hear how you evaluated that area of Cle as an area of out of town investment? Being an out of town investor is risky but great to hear your success story! 

I personally would not. Obviously would have to look into the COC return but $100 a month is just not worth the investment for me. Not saying I need a ton of Cashflow with all the other Buy and Hold Positives but I think around $250-$200 Per Unit is more suitable.

Now if it was a great deal that was CF a $100 but the rent's were soon to go up that would be another story. 

Best of luck James! If you are still looking PM me and I can refer you to a RE Agent who works with Investors. 

Great job @Julie Kern ! Renovations look fantastic. Best of luck on future projects. I myself am working in the Marietta area on buy and holds.