If you had.........

[scottish007]

$300,000 to invest in GA, where would you invest, and what would you buy?

I know, I know, be specific.....:cool:

Ok - to be more specific, I initially began looking at single family in metro Atlanta , but recently North GA rental properties have caught my attention as well. Obviously, two very different types of property, yet both appealing for different reasons. Holding period is minimum 5 years.

Don't have to give away trade secrets :SM105: I am just interested in how GA residents view the every changing market (can you drive 500 yards without seeing a for sale sign - I can't!!!!) :thumbup:

All random thoughts appreciated. Have fun!!

:SM128:

[PMCS]

Consider coastal Georgia. To quote Howard "the Boomers are coming". He's posted a number of items here on the board as to why Savannah is the place to put your money. Lots of growth, lots of nice new places (along with the historic ones), some remarkable (in my opinion) new projects coming out of the ground. And if you're looking at a 5 year hold, you'll do fine with anything you buy.

good luck as you go through the thought process.

[Peach State Property Buyers]

Are you looking to actually occupy it or just invest? North Georgia has 3 year supply right now. I would go with downtown Atlanta. There are specific communities that I woudl buy in other than others. Feel free to private message me and we can discuss further.
Hope this helps!

[scottish007]

Are you looking to actually occupy it or just invest? North Georgia has 3 year supply right now. I would go with downtown Atlanta. There are specific communities that I woudl buy in other than others. Feel free to private message me and we can discuss further.
Hope this helps!

Thanks for the responses!

In answer to your questions, I am looking to invest. If North Georgia has a three supply, is that not one of the indicators to buy? I do like downtown and certain communities near to downtown. I have already looked around a couple of neighborhoods with my broker. Still shopping...........

[Dan Auito]

Have you considered Howards area? http://www.magicbullets.com/forum/showthread.php?t=8636

[scottish007]

Have you considered Howards area? http://www.magicbullets.com/forum/showthread.php?t=8636

Not yet, but I will now!

I am trying to stay closer to home since my first (and currently, only) investment property is overseas. That said, the same state is definitely closer!

[Dan Auito]

Howard is a moderator here on our boards and could certainly recommend the one property of the many listed that could pan out for your particular circumstances and investment strategy. I'd definitely ask him direct questions regarding your position and what he thinks of the different properties considering your strategy and objectives.

[SPIVALAW]

$300,000 to invest in GA, where would you invest, and what would you buy?

I know, I know, be specific.....:cool:

Ok - to be more specific, I initially began looking at single family in metro Atlanta , but recently North GA rental properties have caught my attention as well. Obviously, two very different types of property, yet both appealing for different reasons. Holding period is minimum 5 years.

Don't have to give away trade secrets :SM105: I am just interested in how GA residents view the every changing market (can you drive 500 yards without seeing a for sale sign - I can't!!!!) :thumbup:

All random thoughts appreciated. Have fun!!

:SM128:

If you think you are interested, in the coast, you should visit Savannah to see for yourself.

I do not vote for North Ga right now.
Some of the reasons can be read in my article on Savannah.
I love North Ga, my Grandparents are from Blairsville, Ga,
but see what Savannah has that North Ga does not have.

Before I or anyone can answer your question, it needs to be known if you need an income or cash or just appreciation?

Do you need tax loses or depreciaiton?
Can you handle any negative cash flow?

The answer to these questions will lead to more.

When you sell do you want to 1031 into something else or cash?
Would you want to finance your profits with an interest rate return?

How long can you go without the money being returned to you?

Can you guarantee a minimum time to leave money invested?

Is your goal to invest this money for retirement? (how long?)
Childrens college?

Someone must understand your needs before they can make recommendation for your goals.

Generally I would use lots of leverage, for example don't just go buy 1 or 2 rental houses and pay cash.

I usually would either buy 5 to 10 properties or partner with someone so you can double your cash and buy a large property that will likely get maximum appreciation like water front or commercial.

If you live out of town or out of state, a partner can handle management.
Just so it is clear I am not soliciting your money as an investor. My wife and I do not invest with people who we dont know. We seldom accept partners who invest under $500,000.00. I am not suggesting any of my properties listed above. You have to select properties that meet your goals.

If you are interested in Savannah, you are invited to read one of the articles I wrote on Savannah.

I speak out for Savannah Real Estate on my radio Show each week so the newspaper asked me to write about Savannah.

Good luck.

THE BOOMERS ARE COMING:
http://www.magicbullets.com/forum/showthread.php?t=8643

SAVANNAH IS ALIVE AND WELL:
http://www.magicbullets.com/forum/showthread.php?t=8570

[SPIVALAW]

Consider coastal Georgia. To quote Howard "the Boomers are coming". He's posted a number of items here on the board as to why Savannah is the place to put your money. Lots of growth, lots of nice new places (along with the historic ones), some remarkable (in my opinion) new projects coming out of the ground. And if you're looking at a 5 year hold, you'll do fine with anything you buy.

good luck as you go through the thought process.

Philip forgot to mention that he is a licensed agent with a great reputation and he can help you find properties in Savannah, Richmond Hill and other exciting areas!

Click on his link.
Matching buyers and sellers in and around Savannah Georgia: http://pwolfe.sav.mlxchange.com/

[PMCS]

Thanks Howard. You are too kind.

[SPIVALAW]

Thanks Howard. You are too kind.

what about handsome?

[PMCS]

Wouldn't that be stating the obvious?? :SM076:

[scottish007]

Before I or anyone can answer your question, it needs to be known if you need an income or cash or just appreciation?

Break even in cash flow, appreciation after 5 years. Income is a secondary concern, but no negative cashflow (ever)

Do you need tax loses or depreciaiton?

Nope, I do not need either

Can you handle any negative cash flow?

Again, no. Just my opinion, I do not believe in negative cash flow

When you sell do you want to 1031 into something else or cash?

Probably a 1031

Would you want to finance your profits with an interest rate return?

Sorry. Not sure what you mean.

How long can you go without the money being returned to you?

Minimum of 5 years

Can you guarantee a minimum time to leave money invested?

Again, minimum of 5 years

Is your goal to invest this money for retirement? (how long?)
Childrens college?

No defined goal for investment proceeds. In fact, I envision locking up the funds for at least 10 years.

Generally I would use lots of leverage, for example don't just go buy 1 or 2 rental houses and pay cash.

I plan on using a great deal of leverage, but I am not in a position to buy more than 1 property a year.

If you live out of town or out of state, a partner can handle management.

I don't want a partner at this point. I have litigation and forensic accounting background. Partners can be much more trouble than worth, unless the partnership is defined with a very strong contract. Even then......

Just so it is clear I am not soliciting your money as an investor. My wife and I do not invest with people who we dont know. We seldom accept partners who invest under $500,000.00. I am not suggesting any of my properties listed above. You have to select properties that meet your goals.

See above. Lonesome cowboy for now ;)

If you are interested in Savannah, you are invited to read one of the articles I wrote on Savannah.

Wonderful resource. Thank you for sharing!

Thank you for preparing such a thought provoking email.