All Forum Posts by: Jingru Sui

Good Luck!! 

@Jenny Sun Great job! Have you rented it out? I always wondered how long a property can get rented out in Stone Mountain area. 

Smyrna Property purchased in 2014 at 315K, 4b3.5b. Was my primary home. rented out early 2019 for 2600 per month. I've put down 50% so monthly cash flow around $600.

Woodstock Property purchased in 2017 at 150K, 3b2b as investment. Put in 6K to make it look nice(new paint, new floor). Current rent at $1435. I also put down around 50% so monthly cash flow around $835.

Powder Springs Property purchased in 2018 at 150K, 3b2b as investment, but I felt in love with the big flat yard and country living so we downsized and move here. Put down 25%. 

Powder Springs Property 2 purchased in 2019 at 160K, 3b2b as investment. Put down 20%. Did nothing. Turn key property with beautiful new floor and paint. Current rent at $1350.  Monthly cash flow around $400. 

PS: Closed another house this month for a client of mine right by my first Woodstock house. (on the same block.) Similar size but without a garage. It's $182K now. So $32K increase in price in 3 years. I think it's pretty steady! 

I invest in Atlanta and surrounding areas because I live here. Easy to manage. Also, still good cash flow with stead appreciation. I can share the number if needed. 

Very nice! Great job!

Sounds like a interesting journey! Do you have to rezone? I'd like to learn more about how you find this deal. Would love to follow your journey here. :)

Ozone works great! 

Certain area in Atlanta are good to hold rental properties. For long distance investor I always like to suggest almost turn key properties. You can find property in good area around 200K that can rent for 1550. Still cash flow and appreciate. but not 1%. some other areas can see more or less but this is what I see so far.  I'd like to help you

It's very hard. I want to recommend finding a cosigner or getting housing vulture.