All Forum Posts by: Tammy Price

@Brendan Couture Hello! I have my eye on a property, but this is also my first time, I'd love for you to share your steps.

Did you ever complete your bid? Did you ever run into title issues? How long did it take to put the title deed of the property in your name?

Thanks

@Matt Wood Hi Matt, I truly appreciate you reaching out. I’d love for us to have a conversation and to work together. Is it ok if I PM you my contact details?

Thanks

Hello,

I’m am in desperate need of a good property manager in the South Fulton, Atlanta. I currently have a property there and the tenants will not renew the contract.

I need someone that is hands on and a good communicator. Also must be able to do an open house for showings to future tenants, and do a good marketing to get the best tenant posible.

Any recommendations?

Thanks

Tammy

Well thank you all! You have all come up with great input. 

Of course I don't have the $35000 in cash I would need to put down if I were to sell the home at this time and around the price mentioned, and yes I'm not confortable with tenants that could potentially mistreat my brand-new home, but I feel that at the minute my best option is to rent, I've put it on the market to make just enough to cover my mortgage and the property manager fee, but no room in that price for vacancy percentage or maintenance (since it's a new home I may not need this as much), and defiantly no room for cash flow, but at least I get to keep the asset and with hopes that 12 month down the line we can raise the monthly rent, I don't know if I'll have to wait around 5 years to see some equity in the property. 

@Anna Watkins I had never heard of corporate rentals, sounds like a great option. Yes the house is 20 min to pinewood studio, 10 to Metro studio, 10 to the airport, 20min to downtown and we have plenty of warehouse around just mins away like Walmart, CocaCola etc. So I'm guessing this could be a really good option too.

Thanks all for commenting!

Hi,

I'm moving from Atlanta to NC, I'm try to cut expenses buy selling or renting the house I'm leaving in Atlanta, it's a new home constructed in Sep 2018 it cost $266000 with a VA loan 2 car garage 5bed 3bath with a framed basement and the potential to have 2 more bedrooms, just got it appraised and it came back at $247000, I asked a property manager and he thinks the max we could get it rented for is $2000 a month, to cover cost and no cash flow I need at least $2230 a month, feels like this is a complete money pit. What would you do? Do you see any other potential options like AirBnb it?

Thanks

Hi Sharon, It's been over 2 years now, how has business worked for you? 

I'm currently looking to set up my team in Jax to buy several properties there...

Tammy 

Hi @Jason Eberhardt, Did you ever find out what the best option would be for you? 

I'm also interested in buying in Pueblo,but I don't have enough for down payments yet. I'd probably have to wait another 8 months before having a decent amount in cash.

Thanks

Hi @Antoine Martel, to be honest I don't have much information on the area yet, I happen to live in Fountain and never really notice the market of Pueblo, but after seeing a few numbers I defiantly what to research more about it. I'll keep you updated.

@Gregory Flores, Jr., Thanks a lot for your input. I had no idea about the new highway, I know there are new-ish commercial developments North of Pueblo, above downtown, which always attracts more people and consumers, I have also visited The Riverwalk , that seems to be a point of interest for most of the community and it's activities. 

I'll keep my research and keep you updated, also thanks for the contact, I'll get in touch with Robert, hopefully he wont mind sharing some insight.

Hello,

I'm planning on purchasing my second house and want to dive in by Autumn next year.

I was curious on what you guys think of the market in Pueblo, CO. It seems like a good (cheap) market to buy in, but do any of you know if this is a profitable market to buy and rent, or to flip? Would you get good returns?

Your input would be much appreciated.

Thanks

Tammy Price 

Thank you all for you answers and quick respond! They have been very helpful!

Knowing that a lender will take in to account the rental income from purchase puts me at ease. I'm happy there are more that just one way to get the ball rolling financially for my second future property.

@James Carlson

I'd love to keep the second property and rent or Airbnb it, my idea is to create passive income and not have to think of paying the mortgage myself.  I'm also interested in flipping if there is a good deal out there.

If I kept the property to rent and let it pay for itself, I quick could I finance a third house, or is this not possible? 

If not would flipping be a better option for me?

Thanks