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Updated almost 9 years ago,
Atlanta area rental newbie!
Hello everyone! My name is Arthur. I live and grew up in Georgia, specifically in the Greater Atlanta area. My wife and I purchased our first home, a modest studio, four years ago. We already had the plan in mind to rent it out when we were ready to upgrade as we realized that the rent would be almost double the mortgage payment. We finally received the rental permit (25% limit) early February and went under contract on a single-family new build. The house should be finished by the end of April and we are extremely excited to close on it then.
When trying to find information and guidance on renting out the condo, I stumbled upon the BP podcasts during my long commutes. I bought and devoured Rich Dad Poor Dad, and now I'm hooked on the idea of achieving financial freedom through getting our "asset column" to match/surpass our "liability column." We plan on keeping our current jobs as the foundation income until we build up enough passive income through rentals. We are both rather shy, but realized we need to open up and get out there if we want to reach our dreams through this path.
I look forward to getting to know, learning from, and offering my own experiences as we go through this journey.
Cheers!
Arthur