All Forum Posts by: Pragati Soni

Hey, I am definitely interested in getting together and discussing opportunities!

Kadeem, thank you for your input. My long-term goal is to get into multi unit housing but currently I do not have the means to do that in the Atlanta area unless I go in with a partner. My first priority is to learn all that I can so I think a property around $70k rented out to students would be the perfect start. Where exactly in the westside of Atlanta do you recommend? There is Clark Atlanta and Spelman college so I could possibly rent out to those students.

Hello Everyone! 

I am fairly new to BiggerPockets but have been listening to podcasts on my commute to work to soak up as much as I can. I am looking for my first deal in the Atlanta and surrounding areas.  I can currently comfortably put down $15k to $20k in investment property. Obviously, finding a property within 30 minutes from Atlanta area is currently $250k plus. Realizing this may be a challenge for me I started looking into properties in the college town of Athens. Athens is only an hour from Atlanta and I went to the University of Georgia so I have a sense of familiarity with the area and demand. Last year when I looked there were a bunch of properties selling for $60k to $70k which would have been the perfect price point for a starter property for me. My goal was to rent that out to students $350 per room and most of these properties were 2 bedroom condos. There are still some deals like that available but they are very limited and I haven't seen a really good one recently.

My question is, should I continue looking in Athens for my starter property considering my situation or should I look at other areas that I may have overlooked? I want to start investing in Georgia since this is my primary residence and being physically here will help me learn all that I can with my first deal. I am looking for a property no more than 1.5 hours from the Atlanta area. Please leave comments with any feedback or suggestions you have! Thanks!

 Thank you!

Thank you! That is the goal. I am currently looking at properties near Athens, GA.  Properties are priced quite low there and the presence of University of Georgia has created a high demand for students looking for housing. I am thinking that would be a good starter property for me but I am doing more research to understand some of the risks. 

Hello All,

My name is Pragati Soni and I am currently a Senior Financial Analyst in the Atlanta area. I recently joined BiggerPockets in the hopes of learning more about real estate investing. I have been listening to the podcasts during my commute and they are so full of great information. Honestly, I was surprised that all of this information is free and grateful that I had found a community that I could learn from. 

My current focus is to continue to increase my real estate knowledge through BiggerPockets forums and podcasts. I also would like to grow my network within the real estate community and have a mentor guide me.  I know there are a number of real estate events in Atlanta so if anyone has suggestions I would really appreciate it. 

I am excited to have joined this forum and I am looking forward to building relationships with many wonderful people on this site!