All Forum Posts by: Kevin Elliott

Thanks Dave, Swapna and Anil. 

Dave, looking forward to the meeting tonight.  I maybe be a little bit casual looking if that is OK. Have a boxing class before meeting.

Anil, I was in Baltimore metro for over 10 yrs back around 1995 to 2005. Still have some friends there.

I'm a somewhat new investor from Georgia (Alpharetta, Ga). I'm a engineer by trade and once had rental properties by in early 2000s in Metro Baltimore. Sold those rentals once I relocated to Atlanta metro. There were some strong lessons learn from those experiences like cash reserves, due diligence and property management.

Wife and I are interesting in getting back into real estate investing with goals of long-term cash flow to secure a good retirement in 10 years. 

Initial focus would be multifamily (2-4 unit) or small single family in upstate SC area (Greenville, SC) since I'm currently doing contract work there over next 2 yrs and paying rent to someone else. 

Looking to meet other investors and learn as much as possible.

I'm looking to do my 1st real estate deal (was involved with rentals years ago). I have a couple possible rental options. We have about $10k -$15k to invest.

• Mother has abandon home in NC, 7 hours away from Atlanta. May need some work (bathroom, kitchen), guessing 5k to 7k of work for good rental. There would be no mortgage. Rents for 2 bed/1 bath .... maybe $300-400 month
• Uncle passed a way in Chicago 2 yrs ago. Has will a 3 story Brownstone to my mother (she is in assisted living) who actually pays the property taxes. She or my brother have no interest in keeping property long term. There is no mortgage, could be $75k to $100k of work needed to get into good rental shape. Located in great two block area with well maintained other Brownstones. Rents per floor around $900 - 1200 per month depending on level of rehab.
• Look for duplex or single family home where I'm currently working a 2 year contract, as I pay $500/month for a room 4 days a week. Use that money toward a owner occupied to get started.

I tend to over think ....its the 30 plus years as a Engineer. Just looking for feedback or thoughts ....Thanks!!