Archive for Dorsie Boddiford

What’s a Good First Home?

Posted on September 14, 2011 by

Dorsie BoddifordDorsie Boddiford is a smart, cheerful, inquisitive young lady who just graduated from Georgia Tech.  Instead of following most of the other 2011 graduates who think working for corporate America is the answer, she’s decided to follow in her father’s footsteps and become a real estate investor. 

Kim and I have been working with Dorsie this summer.  She’s learned a ton and just bought her second property at this month’s foreclosure auction!  Her goal is to own enough paid-for investment properties that she’ll be financially independent by the time she’s in her thirties. 

A couple of weeks ago, Dorsie found a target property in Marietta, Georgia that she considered buying as her primary residence.  It’s an older, bank-owned, single-family home that needs about $15,000 in repairs.  The asking price is around $100,000 and, after fix up, it will be worth about $115,000.  The house is around the corner from her folks. Read More→