All Forum Posts by: Greg Kurzner

Hi @Lake Bradford, there are some properties that are still available for rental and you can limit your search to those or you can consider buying and once you decide if you want to move elsewhere, sell the condo and take the equity/appreciation and invest in a home elsewhere.  I manage commercial units in a 9 story Buckhead residential building off of Pharr Road and they allow rentals but the building is older and you will find a correlation in rental restrictions and newer properties.  Also, Buckhead is generally pretty expensive and when adding Condo fees, tough to cashflow significantly.  You might consider Midtown and take Marta to work as Midtown has some additional opportunities for ownership and rental thereafter.  Finding a househack in Buckhead will be tough with your income and the average price point.  Happy to have a further conversation if I can be of any help to you in your plans and options.  

@Maurizio Pisciotta  Great you are aspiring to build financial independence with real estate.  Welcome!  Let me know if I can be of any help or answer any questions you might have.

@Isaac Ballew I graduated back in the stone age with a finance degree and found my way eventually in Real Estate after some corporate jobs.  Honestly there are several career paths that will help (Renovation contractor, real estate agent, corporate RE analyst)  but depending upon whether you are looking for a career investing/flipping versus using your W-2 career income to build more by flipping, you can approach it better in my opinion by learning through doing.

Flipping especially 1 at a time isn't a full time job and my thought is that you get help on your first, maybe first few flips.  Whether partner, mentor or coach, you can learn on the job and there aren't many careers that equip you better for this than just doing it.  We work with many new investors fresh out of college on the brokerage side but also coach and mentor new and aspiring investors learn by doing.  That is the best and fastest way in and as long as you have experienced help, you will learn by doing far faster than aligning a career to help you learn.

@Tar-U-Way Bright Lots of good insight above. I have helped a few new investors fresh out of college living with family get started on their investment journey. They have done it two ways...the house hack/live-in flip, and the 2-4 unit house hack. Either work but in Metro Atlanta, the easier option is an SFR with roommates or potentially separating the basement as a separate lease space. The benefit of an SFR is if you can do some value-add while you occupy, then you can look for flip it or re-fi and cash out for the next investment. As the above comment mentioned, serial house hacking is a great option when you are young and flexible.

If you buy, rather than stay and save, you likely will see a similar about of savings in property appreciation especially if you can do some value add.  

I would look at private money lenders who can consider giving your a line of credit based on a multiple of the cash you have. Experience will dictate the amount of any LOC and rate and term. Often you can get better terms by partnering up with someone with demonstrated experience. Credit score does matter but they will lend on a per property basis out of your available LOC once they approve a line...again mostly based on your available cash and credit score.

@Akku Kumar

We have worked with 3 house hack/2-4 investors who are just like you already this year and each of them did something relatively different.  It really depends on your list of important criteria.  If you want to schedule a call or virtual meeting to discuss, we would be happy to do that.  

https://calendly.com/gregkurzner

We do corporate agency as well as individual investor brokerage in addition to our own stuff...so some clients have firms they require.  Building a good working relationship with one is good but also having options helps control costs and availability.  

Melania,

Interested in vacant land/lots.  Give me your contact info and I can email you our buy box.  Thanks.  Greg

We use Goggans, Stutzman, Hudson, Wilson & Mize, LLP; Campbell and Brannon. DM me if you need specific contacts or have need for a specialty.

Griffin, as others mentioned, my clients who are house hacking are doing it to lower their housing costs while building equity and increasing appreciation through doing improvements to the property before re-selling it and moving to the next opportunity. I don't think there is a realistic opportunity to house hack where your rental income will more than cover expenses, especially if you aren't renting out the entire property. An ADU or finished basement rental could provide a big dent in the monthly expenses.

If you can afford to put 30%+ down so as to minimize the effect of negative leverage, your numbers look better just like with any rental investment.  When the property appreciates and rates moderate, you will be able to refinance and improve cash flow significantly or pull cash out for additional opportunities.