Coming Back to Real Estate in Atlanta

[Neal McSpadden]

Hey everyone! I've been mostly lurking for a while now, but have decided to take a more active role after listening to the podcasts.

My name is Neal, and I'm an investor in the Atlanta market.

I've been around real estate for about a decade, but got badly burned in the crash of '06-'07. I'm a little older and a little wiser (hopefully) now, so I'm wading back into the thick of things.

I've been in lots of other investment markets including stock options and collectible coins for about 15 years now, and those continue to do well.

My main goal right now is to build cash first and cash flow later.

See you around the virtual water cooler.

[Neal McSpadden]

Hi Mehran, the biggest thing I learned was to have reserves. I was doing subject-to deals with a lease/option exit. When 2 of my tenants stopped paying at the same time, I had no reserves to cover the shortfall.

From there it was a domino effect that collapsed everything.

So you need a cushion to protect yourself against Murphy.