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Updated over 9 years ago on . Most recent reply

User Stats

56
Posts
16
Votes
David Cohen
  • Investor
  • Decatur, GA
16
Votes |
56
Posts

If I'm cash-flowing why does Bigger Pockets make me feel like I failed?

David Cohen
  • Investor
  • Decatur, GA
Posted

I just joined Bigger Pockets. I'm a buy and hold landlord with 6 properties in a middle class area of Atlanta. All are rented and rents are all $500 above PITI. So, though there's been some repairs, for the most part they all do okay in my book. Yet, only one met the 1% rule.

I like renting out Middle Class housing where their close to my house, most of the renters are easy to deal with and take good care of the homes. But it's soooo hard finding properties that fit in most of the calculations that I have found on Bigger Pockets.

I don't want to buy bad deals.  I don't want to have to go too far out for a deal. And I still want to grow my portfolio, so I'm not sure what to do.

David

Most Popular Reply

User Stats

922
Posts
336
Votes
Gerald Harris
  • Investor
  • Atlanta, GA
336
Votes |
922
Posts
Gerald Harris
  • Investor
  • Atlanta, GA
Replied

Hey David

It's funny reading this post.   I am actually sitting in Atlanta in the West End.   

I am going to tell you this.   If it makes financial sense and the properties support themselves then I don't actually see the issue.   It may not fit their criteria, but if a property is putting a cushion in your pocket every month then keep doing what you are doing.   Your niche makes sense to you.  It definately makes sense to me.   

Keep going!   

Best of Luck to you!    

Gerald

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