All Forum Posts by: Calvin Cheong

Please recommend some areas around Atlanta for SFR under $400k. 5 year hold period focused on appreciation versus yield. Not looking for a rehab property. Buy/Rent/Hold/Sell. Suggestions appreciated!

I would consider SFR but Class A/B.

Looking in the South where I’m long term bullish on economic performance. Given pandemic, have seen a lot of my friends from CA, NY move to the South where cost of living is much better and housing is affordable. Many of these moves have been friends in the tech industry and have seen an influx of VC investments into these markets as well. Further, I’ve seen an exodus of corporations leaving CA for TX due to the more favorable tax climate and educated work force. $1mm gets you 700 sqft in Santa Monica. What I’ve seen in the South for $1mm is quite remarkable and given the right areas (I’m still discovering) could be enticing for single folks and/or families starting out where remote working is now the norm. Just my two cents and I may be wrong. 

@Aaron Gordy Sorry, I meant median sales prices are down from the high a year ago. Really looking here more for appreciation and I'm not going to use to much leverage and am bullish long-term on Austin. Thanks!

@Aaron Gordy Agreed, have narrowed down my market to Dallas and Austin. Not looking for a quick flip and can weather the macro headwinds. YoY home prices in Austin have come down around 16% which I think is potentially a good time to be bargain hunting! They said the same thing about Southern California and Silicon Valley 10 years ago. Man, folks that bought 10 years ago making bang right now! Bullish Austin given influx of MNCs and Investors, not just real estate investors, but VCs and PEs.

Thanks @Lucia Rushton Yes, I've done my research and turnkey is not a right fit for me. I'm researching on my own and vetting professionals in each of my identified areas. Much appreciated! Btw, noticed that you use to work for Bacara. Love that resort! My wife and I use to go there often as we live nearby.

@Bruce Lynn Thanks Bruce for this helpful information. Just started my search and want to focus in the Southeast region where the dollar stretches further than Southern California where I'm based. Have been bullish on the TX and GA market given population growth and large multinationals moving down there given the favorable tax environment. Also, highly educated population and job growth seems good for the foreseeable future. I work in Tech and have seen many companies and investors flock to the region. I may have missed the boat on Austin but think there are still opportunities in Dallas/Atlanta. Charleston, Nashville, Memphis - love the feel and culture of those cities and would be looking for stable and moderate appreciation and would be looking in the CBD areas for the these cities. Much appreciated.

Narrowed down to multi-family. Looking at Dallas, Austin, Atlanta, Nashville, Memphis, Charleston. Be interested in hearing from folks with direct experience in those markets. Would love some suggested zip codes to run some research. Hold period 5-7 years. Thanks!

Thanks all, I have some good resources that I'm vetting now. Appreciate the help!

Thanks @Gregg Cohen I'm speaking to Brandon on Thursday.