All Forum Posts by: Sharon M.

@Ian Godfrey sound advice! Perhaps after the super bowl in feb 2019, I will rent it out and take on your advice!

All great feedback to consider ! Thanks! @Steve C. @Juan Jackson @Jason Clarke @Kevin Sobilo

 I am meeting with my realtor this week to go over some numbers/projections as well. Last year, there were alot of ground-breaking ceremonies (1: mix use development, 2- hardrock cafe with lofts, and 3- a park) happening in the neighborhood and that's when we saw our prop values jump almost 50%. and about 30% spike from last year. It might be an opportunity to get in on one of those investments as someone eluded to. 

Thanks again all!

My goal is to invest in a multifamily (4 doors or more) and this may be possible by selling my primary residence or HELOC. Which would you suggest/recommend? I bought my condo downtown Atlanta in 2013 (it was a foreclosure, 2b/2ba). The new Mercedes-Benz stadium (home of the Atlanta Falcons and Atlanta United soccer) opened a year ago, mix-use developments are being built everywhere, restaurants, etc. Needless to say my property value has tripled. Based on what I owe I could stand to make at least $200k if I sale but could rent it for 3x my mortgage or take out a HELOC and invest that way (?). I am attached to it and the Superbowl is being hosted here next year so I would like to have it for that experience but why defer obtaining my goal of acquiring a multifamily (or even apartment complex >16 doors). FYI - I use to Airbnb the guest bedroom until my HOA cracked down on that. I do have another place to stay if I do choose to sell. And I also have other rental properties but they are SF. The RE that sold me the place is begging for me to sale and I am actively looking at investment opportunities in case something lines up. Thanks in advance for your feedback.

Not exactly. I’m looking at possibly a 5%-8% down payment against my purchase price with a 2 year lease agreement. 

What recommendations do you have in mind? 

@Josh Epps great! Thanks so much! I will reach out before I pull the trigger and engage you if needed if I’m unable to make contact. 

@Brandon Sturgill thanks for this awesome feedback! I own one out right and the other there’s still a mortgage so you’ve helped to answer both scenarios.

I have two rentals both with tenants and their 1 Year lease agreement will be ending early next year. If they don’t renew their leases I am considering going another route and offer seller financing. Or perhaps a rent to own strategy instead. Any thoughts?

Josh Epps Hi Josh! I’d be interested if you could share a few in Warner Robins.

Jeff Kehl could you please refer the contractors you use? Thanks in advance.

@Kiet N. Thanks! That information was very helpful. I completed the deed transfer about 2 weeks ago from the motivated seller, whom is now moved to her new home in South Carolina. I am going to rent it out in the price range you've specified as well. However, I am also open to lease option if I encounter a serious rent to own candidate during the process. My other properties are located in Decatur, Ga so this is a new location/area for me but I couldn't pass up on the opportunity. Thanks again!