Are you looking in any certain area of ATL and do you have a price range for a purchase price that you're targeting?

We recently came upon a small property and are seriously thinking about purchasing our first rental!

They develop, they build, they finance, they property manage, they will have HAO, cleaning crew etc. etc. etc. so the subsidiary companies make money every step of the way.From investor perspective: The investor pay $15 K to reserve the right to purchase 25 multiplex over the year of next 5 years. 5 each year.

Purchase price: $129,000 Cash invested: $5,000Condo we lived in and fixed up.

I am under contract to purchase a Quadplex.

The exchanger purchases buy and hold real estate occasionally 1031ing when appropriate. 

This growth typically drives significant appreciation, which is the key to making this strategy work.For example:Let’s say you purchase a property for $300,000 with 25% down in a market with an 8% annual appreciation rate.

There are other submarkets of Columbus like upper Arlington that have higher like $500 per square foot but the purchases are tear downs at $200 per square foot so the real exit is $300 or so.

We purchased the house about 3 months ago and are owner financing it.

The property is being purchased at 103 with an ARV of 375.