Up and coming investor in ATL!

[Jeremy Kinard]

Hello to the BP community!

In the past year I’ve read a number of BP books and have learned a lot from the forums. I just took the plunge on the Pro membership and have been analyzing deals with the various calculators. 

I would love to connect with local and out of state investors, wholesalers, contractors, etc. in order to finally get in the investing game. 

One of my REI goals is to own 10 buy and hold investments within the next 5 years. Any insights are appreciated.

Thanks to this community for the continued inspiration!

[Michael Dumler]

@Jeremy Kinard, congratulations on taking action. The first question I have for you is what investment strategy do you plan to implement? Have you been analyzing properties as traditional LTRs? BRRRR? STR via Airbnb? Rent by the room? House hacking? You'll come to quickly find out that many homes listed on the MLS will be cash-flow negative as a traditional rental. With that said, to successfully invest in the surrounding Atlanta submarkets you'll need to get creative both in acquisitions and underwriting deals. 10 buy and hold investments over the next 5 years means purchasing 2 deals a year. A typical transaction is about 30-45 days. Realistically, to hit this goal you need to be submitting at least 4-5 offers per month in my opinion. Buyer demand has significantly reduced over the past couple of months due to rate hikes, however, the investment space is still very competitive from what I've seen. Moving forward, I would advise that you niche down on a specific investment strategy/class. Otherwise, if you're simply looking for a "deal" this will quickly become a headache and you'll be indecisive when it comes time to submit offers. Hope this all makes sense and helps!