Savannah, GA rental market

[Ryan Hampton]

Disclaimer: I'm a first time poster so please bear with me.

I'm a Michigander moving to Savannah Georgia (well, Richmond Hill) late this summer (2020). I've only been cranking on my real estate investment education for a month now, but I'm a quick study. I'm looking for multi-family residential or small apartment complex rental properties. If the deal is good and the numbers work, I've got cash to cover up to 20% (probably).

I know I need to build up a team of players around me (real estate agent, lenders, lawyer, CPA, etc.). How can I go about starting this? The Meetups in the area don't look very active and I'm not a drinker so would prefer to avoid bars for networking.

How can I hit the ground running and purchase a property within a few months of moving in (move in date = mid-late this summer)? I'm almost thinking of a plan to find tenants that are college kids whose responsible parents are footing the bill. Maybe a sorority/fraternity type deal. Is there a strategy that exists like this or would the market likely be monopolized for that type of housing? I'm talking local colleges and SCAD.

Thanks for taking the time to read and please respond even if you don't have Savannah market experience specifically. Take care and dream big!

[Matthew Poulos]

There are plenty of college rental opportunities between SCAD, Armstrong, Savannah State, and South University.  Additionally there are two large military installations in the Savannah area with Fort Stewart and Hunter Army Airfield.  Military rentals are great!   I would suggest starting with a realtor or a real estate attorney in the area to initiate your networking.  Please DM me if you need suggestions.

There is plenty of growth in Savannah as well because of the port.  The area around the airport, Pooler, GA in the last 7 years has exploded.   Richmond Hill/Bryan County, is the best school district and the most desired area outside of Old Town, Savannah.  

And to answer your question about college rentals, yes.  The strategy is to require the parents to co-sign the lease.