All Forum Posts by: Sara C.

Congrats! Were all the flips in Peachtree City? Sounds like it went very well overall! 

Yes, I've found there are not many single-family homes being built in this price range unless you go way far out like Villa Rica, Douglasville, etc. If you are open to new construction townhomes there are definitely more options. I know of one in Union City that is build-to-rent for investors. 

@Anye Wanki that’s awesome! I like those areas of Atlanta for investing as well. I’m an agent here in the area, and I can tell you that the market for multi family is very competitive, especially when it’s priced well. In addition to realtors, it could be beneficial for you to connect with wholesalers who might bring you different deals. Happy to answer questions anytime, feel free to DM me!

@Kaustubh Johri thanks so much for the shout-out! @Jacques Edouard Dessejour Lapierre I will message you. Thanks all!

Sara

I live here, am a realtor/investor and work with several out of state investors. Happy to answer any questions! 

If you are looking for a real estate attorney I love working with the Fryer Firm and McCurdy and Candler. Also Campbell and Brannon is great. 

Thank you all so much for the responses. Not my favorite day to be a landlord. This is all very helpful! 

Would love any ideas on how to handle flood damage. 

What happened:

Tenants moved in at the beginning of May, brought their own washer/dryer and had a Lowe's contractor install it. The contractor hooked up the drain line incorrectly and for the past 4 months, the washer has been draining into a wall cavity and crawlspace. This was discovered last Thursday when they had a small flood in the laundry room. I had a flood remediation company out yesterday and they found damage in the crawl and water beneath the kitchen tile (shares a wall with the laundry room), the laundry room itself including drywall and a den adjacent to it. The tenants have been complaining of humidity so it's all making sense now. It's going to be a huge project to repair and tenants will likely need to move out while the work is being done. 

My question: do you think this is worth pursuing with Lowe's? Otherwise, I'm going to be taking out an insurance claim. My tenant is reasonable and understands their responsibility in this, but the repair cost will be too high to expect them to contribute significantly. 

@Nancy Huynh I have the most personal experience in Tucker. All of the properties there needed renovation, so I was able to purchase at a discount. With a nicely renovated home in a good neighborhood, I'm able to get $2k in rent on average. This allows me to cash flow, and also pull my renovation investment through refinancing which I can use on future purchases. That's how it has worked for me. Of course, it depends on your long term goals and what kind of cash flow you are looking for!

For my clients, I recommend they look at both—multi-family and duplexes. Agree with @Anthony Fontana, properties with in-law suites are often better maintained and are overlooked by investors. Something else to think about is that many multi-family properties come with tenants in place, so you have to consider how you'll get one out so you can live there. With a SFH with an in-law suite this isn't an issue. However, definitely think about how you'll rent it out when you are ready to move on to a different property. Likely you would have to include all utilities as they aren't typically on a separate meter.