All Forum Posts by: William McGregor

@Leland Nicholson From what I have been reading on BP, it seems that tile flooring is frequently preferred for rental properties.  Has that been your experience?  It seems that by going with quality materials, it will save you in the long run.

@Leland Nicholson You are definitely right on now college kids don't take care of their house (I definitely didnt). I'm looking at SFH and multi families, but noticed that the more north you go, the lack of multi families. I may have added confusion, but I don't have 120k in cash, I have around 30k. I was hoping to find a home under 120k to start with. You provided a ton of information and I greatly appreciate it! I would love to connect in the future and discuss REI.

@William Brown Great resource you posted. I don't plan on stopping after my first buy and hold. I do plan on building a portfolio and continuing to build a business. But as of right now, I plan on focusing on my first investment before I get ahead of myself. I always try and be very thorough with everything I do and take things one step at a time. I do know there is risk involved, but hopefully I can mitigate as much as possible.

@Ethan Atkinson Thanks for the info! I'll definitely start contacting property management companies in the area to make some connections. I will make the connection with CJ Geiger for those rates. I appreciate it!

that's amazing. Did you have to get that tree over the house removed or just trimmed down? Tree removal isn't cheap!

@Kiran K Thanks for the info.  I would want to concentrate on OTP do to the fact that I am more familiar in those areas and have worked and lived all around north metro Atl.  

Hello,

I have been lurking and researching BP and many other resources over the past couple of months. I currently live in Cumming, Georgia and am trying to narrow down on a niche. I want to invest into buy and hold properties and cannot determine if I should aim towards college properties or into SFH.

My current issue is analyzing my market. While I am attempting to determine a niche, I am researching many areas north of Atlanta and am in the max budget of $120k. How do I go upon analyzing the market for these types of investments? I have been searching through the MLS on similar houses and looking at sales prices and DOM. I also have been looking at the rent payments on these types of homes as well. Is there any other resources I should be using to look at similar home values?

I am also hoping some of you could answer what to do in reference to my next steps. I've read mixed posts on here about running my credit to see what types of loans I can acquire. Some have said go to Fannie Mae and do it and others have said wait until I'm ready to buy. I currently own a house and will be tapping into that equity and my savings to begin my investing. I'm going to get a HELOC next week so I can have that line of credit prepared. In reference to LLC's and business operations, should I have all of that set before I make a deal on a property or should I hold off.

Sorry for all of the questions, but I want to be very thorough. Thank you guys for all of your help.  This website and forum is an incredible resource! I hope that I one day have the knowledge to help out others like myself.

@Tom Degroodt

I'm going to look more into the HELOC. It sounds like it good be a better option.

@Kenneth Mooney

You are correct, I am seeking the refi to get started. I would like to move quickly, and by quickly I would like to just do one deal at a time and invest as fast as I could handle. I want to get one deal completed and see how it goes and then increase from there. But real estate is extremely interesting and I haven't purchased anything yet and am already enjoying it.

@Kyle Kyle

I will look into that today! Thank you.

@Mark Nolan

I'm going to have to check a lot of those out.  I am currently reading the Millionaire Real Estate Investor and not sure what I'll read next.

Hello! I've been lurking over the forum for the past few weeks and have been listening to dozens and dozens of podcasts.  Real estate is extremely exciting and I've been putting together a plan to get started myself.

I'm trying to find a niche to focus on in anywhere north of Atlanta in Georgia.  I am thinking of looking into college rentals. Any other suggestions would be great!

Im hoping a few of you could give advice into my financial situation. My primary residence has a VA loan on it. It will appraise around 250k and I owe 195k. Do you all think it'd be a smart idea to cash out refinance on my house so I could fund real estate purchases?

Thank you all for your help. I'm excited to be a part of this community and hopefully help some others after I make a deal or two.