All Forum Posts by: Greg Kurzner

Raf, happy to connect with you and would welcome answering your questions having done BRRRR personally and for clients. Atlanta is a great market. Message me.

Greg

@Steve Santora, Hi Steve, congratulations on taking action to build wealth and passive income with real estate.  Happy to connect if you like.  We are based in Alpharetta and been active in real estate investment in Atlanta for over 30 years.  It is the BEST market to invest in.  Greg

Hi Srinivas,

Glad you are interested in building passive income and wealth with rental properties.  You have some good opportunities in the sub-markets you have identified.  Cashflow will be likely better along the I-75 corridor than Cumming due to pricing but I am happy to talk with you about your options and also the upside of areas like Cumming, Alpharetta, Johns Creek for appreciation's sake.

I am based in Alpharetta so feel free to DM or call me if you like.  G

Richard,

Happy to quote your project.  Contact Victor Torres, Halcyon Remodeling.  [email protected] - 678-670-3753 cell; 678-869-0041 office.  Halcyon is a NASCLA-licensed General Contractor in GA with certified designer on staff.  halcyonremodeling.com

Atlanta is a great place to start and stay in our opinion.  House hacking is always the easiest entry point.  As many above stated, you need a strong investor-focused team in a new market and until you develop expertise and experience or it can be rough.  Happy to talk off line if you like.  

Hi Arthur!  Glad you are motivated to move forward.  The hardest part is the limiting beliefs part...not enough money, time, knowledge/experience...

From there, it is about how you execute your plans. Personally, I think leveraging the expertise and experience of others is critical.  It can be expensive on the learning curve and no amount of book learning substitutes for actual experience.  Find those who can help you not only with the tasks but who also are experts in those areas.  Build a team starting with an agent who specializes in investors.  That agent should have contacts and experience with renovation, financing, everything you will need along the way.  Equally important in my opinion is that your agent partner should have direct investment experience themselves.  All of those qualities will benefit you greatly and allow you to bootstrap instead of learn by making expensive mistakes.  

Do you have a GC license?

Hi Miranda,

We can recommend Halcyon Remodeling.  They are doing two high end flips for us currently. Victor Torres - [email protected]

Cell - 678-670-3753

Hi Phillip, I also think long term rentals are a better way to go especially initially. STR's have a lot of moving parts and expenses LTR's don't. We are finding our institutional clients SFR's that cash flow in Atlanta metro. That said, the cost of leverage is definitely impacting positive cash flow. Hopefully there will be an opportunity to refinance in the next couple years and bump that up.

I Also concur that condos are okay as long as your overall expenses don't kill your returns. Condo fees can be a significant amount of money along with your leverage and impact your cash flow. SFH's do give you a better chance at appreciation because you can add value and differentiate yours to others adding value. Harder to do with condos that have same floor plan as every other condo in the complex.

Hi Jason, the thing I notice about PCB and really anywhere along the panhandle is that they are building everywhere. Supply is thus likely rising and as recession likely approaches, STR's are likely to soften as they are discretionary. Buying a rental in your area is smart in my opinion. LTR is stable versus the bigger economic swings as rent is only negotiated yearly and slower moving both up and down. While you might not see the same % of appreciation locally you might in a resort location, your cash flow will be significantly better and your risk lower. Additionally, with your available cash, you could possibly buy more than one LTR property as long as the leverage is workable.