First time investor...found a home in GA, want some advice on the area, I live in NYC

First time investor...found a home in GA, want some advice on the area, I live in NYC

Hello!

I am loving your videos and I just got the books...I am up to the part about clearing obstacles in your life

Now I know you said start by investing in your area...I live in the Bronx and Brooklyn...But i was going through the paper and found a retiring couple that just wants to sell their house in Georgia...dirt cheap!
I went and looked up other homes...they were $50k-$125k more than this guy wanted!

This is on a cul de sac near schools and 10 min from the mall.

I am hoping to flip or maybe rent...this will be my first deal ever!

I have a good amount I can actually put down (like I said it is so damn cheap!) I would be willing...

Anyone out there from GA who can help/make suggestions/tell me if people will rent from me if i buy this house?

Thank you so much!

Kama
First timer!

__________________


Hello, Kama

Hi,
I have a great friend (he is also investor & have RE license) in Atlanta.
If you want, I can give you his name & number Smiling
You can PM me. He is very friendly, honest and one of my very best friend!
I've known him years...
I also live in NYC & trying to invest in Atlanta Smiling
Best Regards,
Miyuki a.k.a. Coco

__________________

Whether You Think You Can or Can't, You Are Right
~ Henry Ford ~


First time Inv

I live in Atlanta,but I am original from New York,and a native New yorker.
If I can help let me know. What exactly do you want to do sell,rent,assignment?
You know you don't have to use your money. PM me back.Atlanta is a great market.

Ishak
P.S.
Originally from Brooklyn, East New York


Keep Up The Great Work

Read, read, study, study. You are no longer new at this. You are finally doing it. Keep it up. I love your inspiration!


First timer

I like your enthusiasm, way to go. Just make sure the numbers are right and the place is actually worth it or have someone help you. Good luck with that property.


An Assignment of Contract Right There

Kama, you buy and assign to Atlanta buyer right on DG. A win/win for both and a double deal on DG. This could be a great assignment of contract. Just make sure the figures work out for both parties. Please keep everything ethical within the DG family. God Bless.

Sandra

__________________

"You can never get to the top, if you are not willing to climb. Do not look at the difficulty of the climb, only anticipate the view from the top."
"Can't even walk without you holding my hand." (Song)
"Is anything too hard for the Lord ..." Genesis 19:14
"In all things, wait on the Lord."
"Think not of your own deliverance, but trust in God who will give in abundance."
"When you are down to nothing, God is up to something." Unknown
"Our lives begin to end, the day we become silent about those things that really matters." Dr. Martin Luther King Jr.


Market, Market, Market....

My home is in North metro Atlanta. I'm out of state on business, but I would be happy to check things out for you next weekend. In the meantime, I would take Miyuki's advice and get the referred Realtor's opinion of the FMV of this property.

If the "price is right", I think there will always be a renter or buyer for it. Just need to make sure the FMV is close to your estimate and also make sure the area is as nice as you think it is.

Adrian


georgia

Hi! kama here...it isnt Atlanta but another little town in GA...supposedly with great schools and a mall...Lithonia...can your friend tell me about Lithonia?
Thank you!
Kama


Georgia :Some advice on the area

Hi Kama,
I am from Marietta,GA outsise metro Atlanta.
A wonderful tool that you can use to know your area demographics is Dean's tool www.totalviewrealestate.com.

You can PM me and I will be glad to assist you.

Be Blessed,

Joe


Congrats kama

Congrats on your find, if the numbers are good Lock it up!.That's Awesome
you're not done reading the books yet, but working on a deal, WOW!
It pays to read the newspaper classifies, never know what you'll find.

George41

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George


Coco & SanBern, You ladies

Coco & SanBern,

You ladies better show up to my event on friday. Actually anyone on DG from the NYC metropolitan area needs to be here

Real Estate networking at its best

April 16, 2010
6pm-10pm
Madison Cigar Lounge
1825 Madison Ave
bet 118th & 119th Sts
$25 fee includes 2 house blend cigars, complimentary wine, cognac and food
The Legendary Melvin Van Peebles will be in attendance giving away signed copies of his book.

This is a great event for networking with attorneys, realtors, investors and possible first time homebuyers. I know it may be where the smoke may be an issue, but the place is well ventilated.


I will be there :)

Hi Elix,
It's in my neighborhood Smiling I may not able to get there by 6PM, but will be there!!!

kamalynne,
I sent you a PM, did you get it?

__________________

Whether You Think You Can or Can't, You Are Right
~ Henry Ford ~


I'll see you there then

jazzingcoco wrote:
Hi Elix,
It's in my neighborhood Smiling I may not able to get there by 6PM, but will be there!!!

kamalynne,
I sent you a PM, did you get it?

It's booked for 6-10pm, but it won't be over until at least 12am

Bring your business cards and be in hustle mode


OK!

Elix,
Thanks for the info Smiling
Looking forward meeting you on Friday!!!
~Miyuki a.k.a. Coco

__________________

Whether You Think You Can or Can't, You Are Right
~ Henry Ford ~


OK!

Elix,
Thanks for the info Smiling
Looking forward meeting you on Friday!!!
~Miyuki a.k.a. Coco

__________________

Whether You Think You Can or Can't, You Are Right
~ Henry Ford ~


It was nice meeting you, Elix!

Elix,

It was really great event & I had lots of fun talking to you, your partner and also other interesting people!
The place was very classy, I enjoyed my Vanilla Flavor Cigar... Smiling
Thank you for the invitation!
I was hoping to get to know other DG family member who live in NYC area... Well, there is always next time Smiling Smiling Smiling

Miyuki a.k.a. Coco

__________________

Whether You Think You Can or Can't, You Are Right
~ Henry Ford ~


Pleasure was all mine Coco

jazzingcoco wrote:
Elix,

It was really great event & I had lots of fun talking to you, your partner and also other interesting people!
The place was very classy, I enjoyed my Vanilla Flavor Cigar... Smiling
Thank you for the invitation!
I was hoping to get to know other DG family member who live in NYC area... Well, there is always next time Smiling Smiling Smiling

Miyuki a.k.a. Coco

Glad you had a great time Coco

TO MY DG FAMILY MEMBERS!!!!!

I will be hosting another 'Real Estate & Cigars' event in June

If you live in the NYC metro area and don't mind 'some' smoke, please come through

The venue is well ventilated, but there were and will be professionals from all facets of the RE genre there. Like I always say, just bring some business cards, deals and hustle and I think at the least you'll walk out with a contact for future use


I would suggest anyone

I would suggest anyone looking to invest in GA buy up empty land

The state is quickly growing and developers are looking at building shopping malls and if you won the land they want to build on

The ATL area is somewhat saturated so I would suggest looking in the Macon/Augusta areas(hint, hint)


Hey kamalynne!

Hello kamalynee! I know this might be coming a bit late but I am new to REI and this site.

I wanted to first thank you for posting this thread as I found it to be very inspirational. Seeing someone that is new and ready to jump in is motivating to me and I'm sure many others on the site.

Secondly I am writing to offer some assistance, if it's not too late, with your property in GA. I'm not sure I will be able to help in you making a deal seeing I am so new to this but I can offer some information about the location in Lithonia.

I have been living in and around Lithonia for 25+ years. Someone mentioned making sure the location is good as your think it is in an earlier response and I just wanted to second that motion.

Lithonia is generally a great city. It does have good schools and a newly built mall. Lithonia boomed about 15-20 years ago along with most of Dekalb County. Since then it has become home to one of the largest churches in the state, built Stone Crest Mall and improved their once troubled school system. It does have, like any other city, areas that I would caution anyone from dealing with, espcially long distance dealings.

If you are still interested in this particular property or have any others in the future in the Atlanta area just let me know and I will be happy to give you my take on the area as a resident here in GA.

Thanks again for your post and good luck with this new journey into RE investing.

Tim