All Forum Posts by: Brian Lewis

Wow, I just posted a very similar post right before I read this one. The OP's question is pretty much exactly my question. 
I love the answers you all gave but I'd like to piggy back and ask a follow up. What criteria do you use to analyze a market and what resources do you use to look at a markets?

So here's the thing. I've been listening to biggerpockets podcast on my commute to work almost everyday for the past 6 months. I thought I would learn something to help me get started. A few books and MANY podcasts later I still find myself stuck. I'm so ready to "jump right into this thing" as @Joshua Dorkin always says but I'm stuck in analysis paralysis. 
Here's where I stand. I have 60K saved and a 750+ credit score. I've been preparing for this for over a year saving and babying my credit and bumping credit limits to put myself in this position. 
I want to purchase rental properties but living in NYC, everything is so expensive!!! A multifamily in my area goes for like 800k! 
I really want to purchase multi family home in another market. I'm open minded and flexible. I have no wife or kids and I'm willing to get up and go ANYWHERE in the US(maybe internationally if it makes sense). Ideally I'd house hack but I have dreams of owning apartment buildings in the long run with 10 or more units. I need some help getting started. So with all that said here's my question. 

How do you guys analyze MARKETS??? Because I'm open to any market, i don't actually know WHERE I want to invest. If i had a market, I know that I would then speak to different lenders and realtors to help me find my deals. I like Atlanta GA because I have friends and family there and it seems like a place I wouldn't mind living. I'm trying to find more than one market to start my search though just to keep my options open. So again, how do you guys analyze markets. Like if I were to look at the contiguous US as a whole, how would you narrow down your location in which to invest? What resources do you use? I've heard of people looking at populations and jobs growth and inventory levels. Is there a way to see this info for multiple states at once so I can kinda get a macro view of the country??? I just want to hear what kind of strategies you use when deciding on a market to invest in.

Hmmm "underwriting" and P&L. What do those terms mean?

Good Evening Everybody, My Name is Brian Lewis. I'm currently a math teacher in Brooklyn NY. I have saved up some money and I have a good credit score and I'd like to start my real estate investing career. I've been listening to the podcasts and feel like I have an understanding of what to do but I have yet to take any action! I still get overwhelmed a little bit because despite all the info, I'm still not sure where to begin.

Here's what I'm looking for. I'm looking for a multifamily property in or near Atlanta, Georgia that I can rent out with cash flow and potentially house hack(yes, i'm considering a relocation to GA). I'm basically looking to BRRRR this property as a start. My real goal is to purchase larger multifamily properties with 10+ apartment but because I'm still pretty new, I'm not sure I have the money or the know-how to start with something so large. Are there any mortgage brokers in the area looking to help a newbie investor? I think my first hurdle is figuring out how much I can get financed.