New REI, LA to Atlanta, looking for advice

[Ryan Shyng]

Hello all!
I know I am not the first to post this post and will try to breakdown my situation as quick as possible:

About me:

• I am 28yo, new to the REI business, but absorb information like a sponge and have a strong drive & work ethic
• I currently live with my fiance in Los Angeles, CA, but plan on moving to Atlanta, GA when our lease is up in March 2021
• I work as an data analyst and pursue acting on the side hence the move to Atlanta (opportunity + cost of living + CAs taxes)
• My analyst job is fully remote, salary is ~64k/y, and is very flexible time-wise. I also have ~60k saved up
• I've absorbed approximately 30 hours of REI podcasts/videos in the last week, mostly from BPs YouTube
• Strengths: Analyzing deals, rehab/interior design, optimizing processes, project management, probably landlording (used to manage my mom's property in OC)
  
• Weaknesses: New, temporarily lives far away, don't know what I don't know

Thoughts so far:

• Brandon Turner's haircut in yesterday's (10/21/20) webinar was SHARP!
• Networking is essential and I am extremely grateful to have found BP
• My first step will probably be to house hack a multifamily property (but open to other ideas), then BRRRR to aggressive passive income goals, however not closed off to other opportunities. Also, I'm not sure if the timing would work either purely due to the logistics of moving from 2000 miles away on a deadline
• Barring the information you can only learn through actual experience, I know I am missing a lot of details which leads me to some of my questions below

Questions:

• What typical strategies work in the Atlanta area? SFH/MFH/other?
• Is anyone interested in chatting with me, potentially even partnering with me in the future?
• Which strategy will be most effective for me to achieve my goals?
  • I am looking for "passive" income so am leaning more towards the buy & hold strategies rather than flipping/wholesaling
  • I would love to be able to quit my job in <4 years, hopefully <2-3 from passive income
  • I want to build a REI business that nets 200k/y in 6 years, let's start with 1 property :)

Thank you so much to everyone who reads this long post and thank you to everyone who responds.
Let's do this!

PS: let this be the thing I look back on and laugh at how naive I was, smile at how far I've come, and inspire me to keep going

[Bill Hampton]

Ryan,

Welcome to Bigger Pockets. Bigger Pockets is a great place for education and networking. 

I recommend that you check out the following resources:

1. Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction

2. Check out other online guides available here: https://www.biggerpockets.com/guides

3. Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog

4. If you want to network or ask specific questions about your local market, go to your local real estate forum and connect with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking

5. You can meet local investors by registering to attend real estate events in your area: https://www.biggerpockets.com/forums/521-events-and-happenings

6. BP has various tools to help you analyze your deals (rentals, flips, wholesale, etc). : https://www.biggerpockets.com/investment-calculators

7. If you can't find what you're looking for, try the Bigger Pockets Fileplace. It contains hundreds of files such as ebooks, checklists and spreadsheets for real estate investors: https://www.biggerpockets.com/files 

8.Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts

9. When you get to Atlanta check out the Georgia Real Estate Investors Association for local networking and education. 

Good luck investing.