All Forum Posts by: Destiny Rich

You have to be careful with working with wholesalers in Atlanta, especially if you don't have an agent. They owe you no loyalty so just like any other business venture, its your job to get someone to look at it. If you are still in due diligence you can back out. You should definitely reread whatever contract you sign. If you don't want to buy the house then you can just usually give up your earnest money. 

Im sure many of you are aware of the new law in place that will take effect in September relating to airbnb. I know some people who run 15-20 airbnb through apartments. It will definitely weave out a lot of people and make the Atlanta market on airbnb smaller. What are your thoughts on how it will affect the Atlanta market and economy?

Hi Vidit! Your best choice might be to get a local realtor. If you have an idea of the are that you already want to purchase in then your local realtor can help you find possible properties that would be good for this. If you don't have an idea of location your realtor can also help you with that as well. Other than that you can utilize realtor.com , crexi or Zillow to find possible properties, but a lot of these are originally posted on realtor sites. If you need any help finding a good property send me a message, I would love to help and connect. 

Hey Hayden! If your looking to learn then I will do as much educating yourself as possible. Read books, articles, watch videos, learn the market, do whatever you can to learn. The next thing I would do is make connections; attend local meet ups. This will give you a chance to gain more knowledge and even a possible mentor. There are many programs you can pay for as well but I wouldn't waste my money on any of those unless you have done your research and due diligence. I actually took all these steps, plus got my license, in order to really understand real estate as an investor. Good luck on your journey! 

No I do not. Your resident will appreciate you for the little things. 

If you look at some of the most wealthiest investors they say that they wish they would of held on to some of their first properties when they had the chance. You should defiantly keep the property. It does not see like there is much to fix up. If you are to busy to maintain and keep up with the business side of running an airbnb then just put a long term renter in there. Rent it out to where you could at least cover the mortgage (if it makes sense). This way someone is helping you build your longterm wealth, they are literally paying for the house for you. Sure you might have to handle some things in the house once in a while but the overall maintenance will be way less than an airbnb. Then maybe when you find yourself ready you can always airbnb it then. If you really do want to sell your property though you should. decide fast. The market will eventually enter the market and there is already less buyers than before. Home prices will be effected and from what I am seeing it has already slightly started to happen.  

The U.S. gross domestic product contracted in the first quarter by 1.5%. The stock market has been tumbling. 
Demand for warehouse space has surged as retailers look to avoid supply-chain disruptions. The retail Inflation is stubbornly high. The Federal Reserve plans to continue raising interest rates. Pending home sales have fallen for six straight months and are now trending slightly below 2019 levels. The economy, in short, is on the verge of a recession.Yet, it will not be a straightforward recession.

The bigger problem for the economy is not a lack of jobs but rather a shortage of workers; Statistically, there are two job openings for each unemployed person. However, inflation is gobbling the increase up with an 8% rise in the cost of living. A recession typically means bad news for com-mercial real estate. But this time, the condition of thecommercial market may be an indicator about thedirection of the overall economy. Demand for apartments and single-family rentals is booming because of consistent job gains and affordability challenges in the For Sale market. Low vacancy rates, though, have pushed up average rents significantly this year.

Demand for homes are still outpacing supply and homes were on the market for on average about 17 days. Where exactly is our economy headed and what can we expect?

I have an elderly couple looking to sell their home but they don’t want any information posted online. No pictures, zip code, or address. Does anyone have any recommendations on how they handles a listing such as this? How should I market this property, especially as a newer agent?

@Vincent Crane Hi, what is the date and time of this event?

What type of rentals you will be doing; long term or short term such as airbnb? Also what type of property are you looking to invest in?