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Updated over 8 years ago on . Most recent reply

User Stats

14
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3
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Josh Mitchell
  • Chattanooga, TN
3
Votes |
14
Posts

New Member needing advice

Josh Mitchell
  • Chattanooga, TN
Posted

Hello all! 

Excited to join BP, after browsing for a couple of hours it is evident this site has a wealth of knowledge and expertise available. 

So, for a quick background on myself, I am a recent college graduate living in Atlanta, GA, currently working at a marketing agency full-time, but have become extremely interested in pursuing some sort of real estate investing. Throughout the years, my family has bought and flipped several properties, so I have had the opportunity to be exposed to the benefits of investing in real estate, and now I am ready to venture out into the investing world myself. 

Having recently graduated, I have a minimal amount of capital at my disposal. But, I am fortunate to have family and friends around me who would be willing to participate in an investment with me and a close friend (recent graduate as well) taking the lead. 

With that being said, I am looking for some advice. In the past several weeks, my friend and I have been hard at work searching for a variety of different properties, with multi-family taking precedent. Considering we have some potential investors interested, we feel that the multi-family route could have the most potential. To minimize costs, my partner and I would manage the property ourselves, and look to refinance in several years to take complete ownership of the property or invest in new properties. We have not solidified a specific property yet, but are searching hard and researching the best we can. 

Is this the best route? Would love to hear some expert opinions on the subject, and potentially connect with any one in the Atlanta market. 

Best, 

Josh

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