Hi all! New member here and look forward to connecting and learning. My investment background: I got my RE license several years ago to simply save money on purchasing my own homes. I ended up helping a handful of friends and family buy/sell over the last few years and after seeing a multitude of flips on the market I decided to try my hand at it. I sold my first flip on March 30th of this year and bought my 2nd on March 31st. I just listed my 2nd today and have started demo on my 3rd. All have been funded with private money and shared profits. My profit goal per project is 10% of ARV. I would like to start to create a portfolio of rental properties. I am a bit lost as to where to start! I have a desire to have a STR in a few spots - specifically, north Georgia Mountains, Mid-Town Atlanta, New York City and a beach location. Additionally, I would like to have a few mid-term properties here in Marietta. I would like to fix/flip 2 additional properties by the end of the year and purchase 1 rental property to have ready to start to rent January 2024. I am looking to the BiggerPockets community for additional networking and resources. Specifically, creative lending strategies, suggestions on finding off-market properties and really understanding the cash-flow spreadsheet for rentals. Shout out to the Real Estate Rookie podcast. I started listening just a week ago, which got me to join this group and they may be convincing me to go Pro!

Kimberly BunchPoster

Posted July 06, 2023 18:41

Hi all! New member here and look forward to connecting and learning.
My investment background: I got my RE license several years ago to simply save money on purchasing my own homes. I ended up helping a handful of friends and family buy/sell over the last few years and after seeing a multitude of flips on the market I decided to try my hand at it. I sold my first flip on March 30th of this year and bought my 2nd on March 31st. I just listed my 2nd today and have started demo on my 3rd. All have been funded with private money and shared profits. My profit goal per project is 10% of ARV.
I would like to start to create a portfolio of rental properties. I am a bit lost as to where to start! I have a desire to have a STR in a few spots - specifically, north Georgia Mountains, Mid-Town Atlanta, New York City and a beach location. Additionally, I would like to have a few mid-term properties here in Marietta.
I would like to fix/flip 2 additional properties by the end of the year and purchase 1 rental property to have ready to start to rent January 2024.
I am looking to the BiggerPockets community for additional networking and resources. Specifically, creative lending strategies, suggestions on finding off-market properties and really understanding the cash-flow spreadsheet for rentals.
Shout out to the Real Estate Rookie podcast. I started listening just a week ago, which got me to join this group and they may be convincing me to go Pro!

Atlanta, Georgia

8 Votes