Hello from Atlanta GA

[Benjamin Benomar]

Hello everyone! I've religiously been listening to the BP podcasts and finally venturing onto the forums. I'm an IT professional with a passion in real estate investing. Current strategy is buy and hold student housing near Atlanta GA colleges. I look forward to connecting with you all as I grow my knowledge!

[Nathan Platter]

@Benjamin Benomar and @Rodney Reeves ,

Buying a duplex is a great way to start! The biggest advantage you have right now is that you're a w2 earner, and banks like stable and predictable borrowers. 

I started buying a duplex as well, and if I could choose duplex vs SF, I'd definitely go duplex-quadplex. 

Many recommend you buy a property that can have the mortgage covered by the tenant's rent payment, but I made my duplex profits from appreciation. We bought in a very nice area, with purchase prices, so our tenant's rent only covered 60% of PITI, meaning we owner-occupied and paid 40%. With higher prices come a nicer and more desirable neighborhood, so our property appreciated way faster than our surrounding zip codes.

Just another way to look at hacking your first deal.

Excited to see your first deal close!