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Updated about 8 years ago,

User Stats

19
Posts
5
Votes
Ryan Easley
  • Accountant
  • Dallas, GA
5
Votes |
19
Posts

ATL - Options for Getting Started

Ryan Easley
  • Accountant
  • Dallas, GA
Posted

Hello biggerpockets,

I have been pouring over this site for the previous little bit and have found the information incredibly valuable and surprisingly actionable.  However, I am still very new to this and there is a massive amount of information.  I am hoping you can give me some bread crumbs on what I should be paying attention to in order to execute my first deal as well as any ideas on what kind of deals I should be looking into.

A little about me:

  • CPA / Sr. Tax Accountant
  • Wife is a newly licensed real estate agent
  • MBA
  • Current amount for down payment: 10K, I would rather wait a bit longer than immediately tap into 401k/IRAs
  • Credit score 738

I have exposure to tax returns for real estate investors, but have no experience in it myself.  I included job/income above to show I have the ability to make $ to repay debt.  I'm mostly looking at multifamily homes or smaller 3/4 units depending on what kind of financing is realistically possible.  While I think house hacking sounds exciting, I have a 7 mo old son and don't really want to lock into that for a year.

Let me know what you think my options are for financing, if you think a small multifamily or tri/quadplex would be a realistic option.  Are there better opportunities out there I'm not considering?

Thanks & let's crush 2017!