Newbie in Atlanta, GA

[Account Closed]

Hello,

My name is Alania.  I work full-time for the federal government, and I am looking to get into real estate investing so that one day I will not longer have to work for someone else.  I have no background in real estate, but am eager to learn and work hard to make it happen.   I see and know so many people that are unhappy with what they do and are stuck because they have no other options, well I want to have have other options and not be stuck. 

I joined biggerpockets.com as it looks like a resource that will be very useful on my journey.  I still need to layout 5, 7, 10 year plan, but I would like to start with buy and hold and I hope to have X amount properties at the end of 10 years that will generate X amount of cashflow per month. 

A couple of questions that I have:

1.  How do you figure out if the market you live in is a good area to invest? 

2.  How do you determine if your market is an area to flip, buy and hold or wholesale?  I live in a high cost area of Atlanta so I would probably have to invest in a different neighborhood.  However, from what I see of the Atlanta area it seems like an area more catered to flipping versus buy and hold and use for rentals.  What are your thoughts?

2.  What about investing in condo's, where would I find more information on that?

Thanks for in advance for your responses. 

[Damir Kamber]

Welcome @Account Closed said it best, "Do Not Invest In Condos, Ever!" I'm probably butchering his quote a bit but it's the truth. HOAs can eat you alive and even worst, you are never in control of your property 100%. Some may have success with condos, but I personally stay away from them.

4. My own 2 cents; Build a foundation first before you move on. Investing in your team, your resources in the beginning will make or break you. I strongly believe this because REI is a very detail sensitive industry. Look at your brain as the 3 As: Agent, Attorney and Accountant and Relationships as your heart.

Cheers,

Damir