All Forum Posts by: Berenger Greer

Dock, 

Cobb County, easily. Smyrna is the hottest market I can think of that has plenty of opportunity for first time investors to get a fee simple townhome for under 275k and rent 2/2's at 1650-1850 3/2's at 1900-2100. Smyrna is the next city over from vinings on the northeast atlanta region, it is also one of the most expensive cities in Georgia. Personally, I've done four deals here just this year that have each provided 30k-120k equity as well as renting for $50-$1500 monthly cash flow. 

Try to stay away from things in SW atlanta, the cashflow comes at risk of dealing with high crime rate, as well as the highest concentration of fraudulent applications for renters in all the nation.

Thanks, 

Berenger 

 Chris, 

It's good to see you again. 

"cherokee real estate freedom" is the groups page on facebook. They meet in the same building as your office on the second Tuesday of each month. 

It's hosted by Brad Woodall. 

Welcome Ryan, 

Shoot me a facebook friend request, Teague Greer, and ill invite you to Brad Wooddall's Cherokee Real Estate Freedom. 

It typically meets up the second Tuesday of each month at the same complex the canton reformation brewery is in, I think it's called the mill. 

What sort of monthly return are you expecting to see out of this deal? 

If the short term rental market were to take a slight dip during the winter months/possible economic slow down, is there still a potential to earn positive cash flow via long term leases? 

Why do you think you opted to go STR out of state when you could've gotten pretty good numbers more locally in areas like Smyrna, Atlanta, or even Woodstock as you've seen?

@Blake Henderson

Forget about investing for now. You gotta build your roots.

We all want it tomorrow, we know getting rich quick isn’t true.

Get off BP, find a financial advisor/just really focus on setting up a budget and getting through this.

Live like no one else wants to now to live like no one else can later. It takes sacrifice. We’ve all sacrificed something to get to where we are.

@Josh Norris

Josh, I will recommend myself and @Matthew Nicklin

One source Property management is very personable with a combined 30+ years experience investing in and managing rentals around the state.

So far this year have leased each of our properties within 48 hours of putting them on market, and often get higher rent than our original contract price.

We don’t up charge work orders, rehab, or Reno projects, giving you the quote directly from the contractor.

Main goal is to give our owners a stress free, truly passive investment experience.

Would love to talk more, feel free to message me anytime.

@Jared Sandler

The city may pose a few good opportunities but honestly the prices they’re asking are ridiculous in the perimeter, I’ve had success with properties valued >$500k as it’s left me more room to negotiate due to the less competition.

A few suburbs will do you well, I'll tell you lawrenceville can produce some good ROI but is also probably the busiest market in the state, from my experience.

Just keep looking around, I have been pretty successful and not needing to go 20-30k higher like most, but I am a bit worried I’ll spoil my own niche if I say too much.

Best of luck, and I’m always happy to help if need be.

@Berenger Greer the deals are out there, just make sure you’re leaving no stone unturned.

Consistency and patience, all it takes.

This market, to me, is all about who can bang their head against the wall the most without giving up.

So yes, it’s true, most properties are going insane amounts over asking, but you do need to as yourself, how much over asking can you go before the deal isn’t a deal?

@Christy Holt

Hey christy!

I’m an active agent/property manager in Atlanta.

Each investor buyer I’ve had in this market I’ve been able to find a deal for. We have heard many no’s, but all we need is that one yes.

Most of the offers we have been submitting have been 10-30k over, waived appraisal/financial contingency, or gap coverage.

There are a few places to look that don’t have as much competition, and still make for great investments.

My last deal was in one of Atlanta’s faster growing suburbs, actually got it 5k below contract, the one before that was 10k over asking and the property appraised 10k above that!

Make sure you have an agent who’s going to work for you day in and day out, I’ve had to drive a good five hours/ 150 miles a day to get to the locations that are making deals happen, but that’s honestly what it takes.

@Kris Muir

Cherokee real estate freedom. They meet in canton I believe the second Tuesday of every month. You can find them on Facebook!