All Forum Posts by: Marc Starkman

I have been diving into which market I should start investing in. When I buy a property I plan to BRRRR it. One of the markets I have been looking into is Atlanta, and I want to ask any local investors what type of tenants do you see. What I mean by that is it using single or families looking to rent in the Atlanta area. Any other information about what you see from tenants commonly would be helpful.

Thanks

@Matias Torres Good Luck on your Real Estate journey, if I could be of any help let me know.

@Curtis Bedford On your first deal you don't really have to have a LLC, so I would say don't wait. But make sure to check with a professional.

@Karine Arditi I don't live in Tennessee but Bigger Pockets came out with a map that shows you what the price to rent is (1% rule). I will put the link below to the map.

https://www.biggerpockets.com/...

This link is to an article that includes that map.

You have to scroll about half way down to article to find the map.

@Kobey Heberling this is a great question. Right now, it is pretty hard to find properties that will meet the 1% rule so anything around 0.7% would still be a good deal. I am sure you could find a duplex were you can pay less then $250 or even make a profit, but that would take so time from you to find that deal. If you are fine with paying $250 a month and this is one of the best deals for a duplex in your area, I would say it would be fine to do that. I would also look down the road, and see once you move out of the duplex would it be a good rental then. If I can help you with anything else let me know. 

@Adriese Williams Thanks for sharing your deal

@Jean Pierre Have you thought about starting to invest in texas near where you are going to move. I suggest comparing markets and see which market supports your goals better and investing there. If you want help looking into different markets let me know. 

@Barb Nelson You are correct Washington is a very tenant-friendly state. As of right now you can evict tenants because those protections dropped at the end of October. Below I have included some things that you as a landlord in Washington should be aware of.

-You must give two days notice of entry, or one day to show the property to actual or prospective tenants or buyers.

-You much have a "good" reason for not renewing a rental agreement.

-You have to give at least 20 days notice before you can start anything with the eviction process.

I hope this helps, let me know if there is anything else you need.

@Jae Smith If this property is in a place where it will appreciate I would definitely hold on to it. But personally would still rent it out because how much money you are bring in each month. It all depends  what your goals are.

@Jean Pierre Do you have any idea of where you might go when you leave Miami?