All Forum Posts by: Tim S.

Can anyone recommend a reputable HML that lends in the Augusta, GA Metro Area? Seems like all the HML listed on BiggerPockets that says they lend in Georgia are only willing to lend in the Metro Atlanta area only! :(

Augusta is the 2nd largest city in Georgia and only 2 hours east of Atlanta.  We host The Masters Golf tournament in April which brings millions of dollars into the city every year, with visitors often buying 2nd homes here.  We have a thriving medical and cyber security industry with a lot of big name Defense Contractors in the area (Lockheed Martin, General Dynamics, etc.)

Stop ignoring real estate investors here, you're losing money if you continue to do so!

I posted about low income/section 8 investing yesterday cause I'm looking to venture into that area for cash flow only. 

However, your concerns are valid.  If you're looking for appreciation or any sort of resale value, STAY AWAY FROM LOW INCOME NEIGHBORHOODS! Lol

Thanks All,

Shaine, if you're familiar with the East Augusta neighborhood area of Augusta, these properties seem to be pretty up to par, dated but up to par.

Do you think this is feasible or will I still have to update them?  I'm going to be speaking with someone from Augusta HA about this to see if this strategy is possible.

Thanks a bunch!

Been thinking heavy about adding a few low income properties (Houses that I can buy for $10,000 or less and buy cash).

If I decide to go this route I'll rent them to Section 8 tenants and make minimum repairs (paint and new carpet only).  In Augusta, Georgia, a 3 bedroom 1 bathroom is $675 per month guaranteed from Section 8.

Any tips from investors with low income properties would be appreciated.

Thanks!

Thanks Shaine!

Hi To All,

I'm looking to get back into real estate, this time with a B2R strategy.  I have completed a few successful flips back in "the good ole days" (2000-2003) before leaving the industry for a career in IT (Information Technology).  After going through a recent layoff, I'm looking to use this opportunity to pick up where I left in 2003 and jump back in.  I took the Georgia 75 hour pre-license sales course back in 2000 to get a grasp on the industry, never had the intentions on becoming a Realtor.

Now I'm looking to open a Property Management company to manage my own rentals and to provide PM services for other investors.  Georgia Real Estate Law says a broker can "Qualify" more than one company as long as he/she is an Officer of the said company.  If I choose this structure, how does a Founder compensates the Qualifying Broker for this, salaried W2 or revenue split?

Initially, I will be operating in the Augusta, GA metro area (2nd Largest City in Georgia).  I think the opportunity is ripe here as its not too saturated with PM companies like Atlanta. Also, short term rentals have been known to fetch up to 20K just for one week during The Masters Golf Tournament.  

Any tips/advise would be appreciated.

Thanks in Advance!