All Forum Posts by: Harsh Patel

It will be February 9th at the same time. It's generally the 2nd Thursday unless there is a scheduling issue. Search for Southside EEE on Facebook for more regular updates

Ok will do. Thank you very much for your quick response.

0 Votes

Atlanta, Georgia

When is the next meetup? Is there a way to get notified or just keep checking the meetup in the area?

0 Votes

Atlanta, Georgia

I would rethink the 4% interest rate unless you have secret lender which I would like to know as well. LOL!

Based on the numbers it looks a pretty solid deal.

0 Votes

Quote from @Jingru Sui:

Not recommending condo/apartment as investment unless you can buy the whole apartment. Condo has been hard to sale from an exit strategy stand point. Feel free to reach out if you have questions regarding Atlanta market. I’m local

Hello Jingru - I assume because of high HOAs and rent restrictions. As I see you have some buy and hold investments in Smyrna and Powder Springs area.

Would like to connect if there are an other opportunities coming your way.

0 Votes

Atlanta, Georgia

Quote from @Will Gaston:

@Harsh Patel this thread on student rentals may be helpful:

Nearing 1,000 College Students: Here's What I've Learned

Thanks for this great article. Very helpful especially for someone starting up into this niche.

0 Votes

Atlanta, Georgia

Quote from @Michael Dumler:

@Harsh Patel, welcome to BP! As noted above, many ATL condo/townhome communities have HOA rental restrictions that entirely prevent or cap rentals. Not to mention, many of these communities have ridiculous HOA fees that kill cash flow. To add more insult to injury, sourcing small multifamily deals in the surrounding ATL submarkets has never been more difficult. Most small multifamily on-market properties are still receiving competitive offers from investors that usually end up in a bidding war. Acquiring a small multifamily deal is not entirely impossible, however, you have to be aggressive when submitting offers. I haven't heard of many investors pursuing student rentals. The campus locations of Georgia Tech, Georgia State, Emory, Agnes Scott College, and Clark Atlanta University put you in expensive real estate markets where the numbers rarely pencil out (unless you're pursuing rent-by-the-room investments). With all this being said, most of the investors I work with either pursue long-term SFH deals in submarkets 30-40 mins outside the City, house hack deals, or rent-by-the-room investments. Feel free to reach out to me if you have any real estate-related or ATL market-specific questions (contact info is listed in my bio).

Hello Michael,

Thanks for the insights on ATL area condo investments. As you mentioned, some of the deals I analyzed are cash flow killer due to high HOAs. Additionally the CoC was not that great. Actually, I am not just focused in ATL area (it is one of the areas). I have been looking in other towns which require less capital and better CoC returns. Some areas I have looked at properties are in Athens, Augusta, Albany, Carrollton, etc.

1 Vote

Atlanta, Georgia

Quote from @Chris Levarek:

@Harsh Patel Some of the markets made the list for 2023 : https://www.biggerpockets.com/...

If Atlanta too hot, SC, NC, TN all great options.

Thanks for sharing this Chris. I have my eyes in the SC area after Atlanta.

0 Votes

Atlanta, Georgia

Quote from @Darrion P.:

Greetings Harsh, Welcome! Sounds like you've set your sights on a great horizon. Keep in mind that most condos in Atlanat have rent restrictions/waiting lists.

Best Regards,

Darrion | VantageReal.estate

Thanks D Phelps. Yes, this is something I came across while looking for rental properties.

0 Votes

Atlanta, Georgia

Hello BP Community,

My name is Harsh Patel and very excited to start my real estate investing journey. I have been reading blogs and listening to the podcasts on and off but finally have taken the step to take this on full throttle. My goal for 2023 is to buy at least 1 rental property. I currently live in Atlanta, GA and an engineer by education, working as a Program Manager in an automotive company.

Looking to connect with fellow investors with like minded thinking towards financial freedom and hopes of finding someone who can mentor me towards achieving my goals.

My strategy is buy and hold with focus on condos / apartments and multifamily units. More specifically would be interested in student rentals in GA, AL, TN, SC and NC areas.

Looking forward to connect and network with people having similar interests.

Thanks,

Harsh Patel

3 Votes

Atlanta, Georgia

All Forum Posts by: Harsh Patel

Harsh Patel has started 1 posts and replied 9 times.

Post: Southside EEE Meetup

Post: Southside EEE Meetup

Post: First time Rental Property Analysis - South Memphis TN

Post: Aspiring Newbie to REI - Located in ATLANTA, GA

Post: Aspiring Newbie to REI - Located in ATLANTA, GA

Post: Aspiring Newbie to REI - Located in ATLANTA, GA

Post: Aspiring Newbie to REI - Located in ATLANTA, GA

Post: Aspiring Newbie to REI - Located in ATLANTA, GA

Post: Aspiring Newbie to REI - Located in ATLANTA, GA