General Area in Atlanta>Question Details

Kmadcreative, Other/Just Looking in Atlanta, GA

I have $30k to invest in rental property or property to buy and flip but can't get a conventional loan. What can I do?

Asked by Kmadcreative, Atlanta, GA Wed Dec 19, 2012

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4
Jim Olive’s answer
Buy a property in Orlando, or one of the many markets nationwide, where you can pay for the whole thing in cash with your $30k. Leveraging with a loan would be better, but if you can't get the loan, you can still make the purchase. A bit harder to manage from afar, but quite possible worth the extra hassle/expense. Best of luck with your investment...
0 votes Thank Flag Link Thu Dec 20, 2012
Any Success? I just sold a very nice 3BR/1.5BA all brick home in a nice section of SW Atlanta for $21,500 in excellent condition. Call and email me if you are still in the market.

Bruce Ailion,
RE/MAX Greater Atlanta
An Atlanta Real Estate Expert Serving Clients Since 1979
CRS, CRB, ABR, MSRE, CDPE, CIAS, e-PRO, ESQ
Certified Residential Specialist
Certified Real Estate Broker
Accredited Buyers Agent
MS Real Estate and Urban Affairs
Certified Distressed Property Expert
Certified Investment Agent Specialist
203K Certified Specialist
Attorney
2050 Roswell Road
Marietta GA 30062
404-978-2281 Direct
404-386-3682 Assistant Robin
678-760-6266 Buyer’s Agent Adam
770-973-9700 Office
bruce@locationlocationlocation.com
http://www.LocationLocationLocation.com
The Linked In REALTOR
http://www.linkedin.com/in/bruceailion
0 votes Thank Flag Link Tue Jul 9, 2013
There are a few opportunities in that price range;however, I need to talk with you to determined what and how you want to proceed. You may reach me at 770-356-9746
0 votes Thank Flag Link Tue Mar 12, 2013
Have you actually worked with any any lenders that told you that you do not qualify for a conventional loan? I would love to see if I can help you in any way. Pleas give me a call and I will be glad to see what I can so for you!

Morgan Campbell
Mortgage Banker
Envoy Mortgage, LTD
NMLS#957183
229-563-5903
0 votes Thank Flag Link Thu Dec 20, 2012
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