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All Forum Posts by: Sean Thompson

Sean Thompson has started 13 posts and replied 31 times.

Post: New Real Estate Investor from Atlanta GA

Sean ThompsonPosted
  • Investor
  • Acworth, GA
  • Posts 34
  • Votes 7

Hello, i am a new real estate investor. i live in atlanta ga, but am looking to invest all over the country. i know that there are great deals all around me here in atlanta, but for personality reasons im getting started as simply as i can. my main problem is if things dont go right, i quickly lose interest and move to something else. in order to prevent this i am going after turn key properties. i have very little money to get started with, so because of that i am using a strategy where i pick up properties at 75% of their value using a hard money lender, then immediately refinance with a pre approved bank lender. by doing this eliminates the need for a down payment, leaving me to only pay closing costs. with the relatively little money i have to get started, i should be able to pick up 3 properties with my own money, then i will branch out and start looking for "opm" funding to continue growing my portfolio. 

i am very interested in networking with people all over the United States that are involved in hard money lending, turn key properties, or long term financing. i also would be very interested in networking with people in and around the atlanta area who i might be able to shadow to help learn the trade, and build my confidence in picking up more "proper" real estate deals. 

i hope to be very active here on the forums, and look forward to our great conversations in the future.