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Old 03-03-2010, 05:19 AM
 
650 posts, read 1,350,803 times
Reputation: 340

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Quote:
Originally Posted by nb1968 View Post
Bottom line, you will NOT find a 20k house that you can put up for rent the day you sign the closing papers.
yes you can...

I've been an investor for several years in the atlanta market, i currently BUY and SELL homes around the 10k to 40k range all day long.

Some are live-able the DAY you close. and some are not.
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Old 03-03-2010, 12:43 PM
 
1,259 posts, read 1,998,015 times
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You can find some foreclosed homes for very cheap prices, but they definitely will not be in the most desirable areas. Beaware that many foreclosed homes have been wrecked on the inside. I know because I recently purchased one myself, it was in great condition but many that we looked at were not.

For crime you can look on Dekalb County's police website at the crimetrac, it updates crime happenings daily.

CrimeMapping.com - National Map
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Old 03-07-2010, 10:37 AM
 
70 posts, read 270,908 times
Reputation: 36
To my Aussie brother, If you are not planning on moving here and living permanently somewhat close to these rental properties then why in the world would you put yourself through these nightmares? First of all any piece of real estate that sells for these ridiculous prices are outright garbage. The Areas you are looking at are the pits. Renters you would get and not be here to interview them personally,Please. The moment one of these homes become vacant after one of your renters moves out would be destroyed. People break into these homes and steal the copper
right out of the walls, they steal the air conditioning parts if not the whole unit. Invest your money in Australia where you can keep an eye on things. You do not want to be a long distance landlord in Atlanta.
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