All Forum Posts by: Rahul Srivastava

Hello, 

I purchased my first property (a condo) in Atlanta, GA last May. The condo is in decent condition and has no major issues but it is outdated and could use some renovations. So far, I have just furnished the unit but haven't made any major renovations to it. My goal is to live here for 2-3 years and then rent my unit to a tenant. I have a few questions, see below:

1. How do I gauge tenant interest? I want to see if there are people who would be willing to rent my condo as is, or if I need to make renovations to get any interest. I only want to make renovations if it can help me raise rent prices or get more tenant interest

2. How do I determine how much this property can rent for? I don't see any condos in my area that are being rented, only apartments. The apartments are all new construction and have a lot of amenities and my condo is older (built in the 90s) so I don't think the apartment rents would be accurate for comparison. 

I appreciate any help! Thanks

Hello,

I just purchased a condo in Atlanta, GA. I am planning to spend around $10k in renovations on the property. I am currently using it as a primary residence, but eventually I will use it for rental income. As a total newbie to real estate investing, are there any do's and don'ts for condo renovations? Things that can lower the likelihood of a renter willing to rent the property? I'd like to do a full kitchen remodel and some flooring updates to start. I was also interested in some aesthetic changes like faux brick walls, warm colors, new bathroom vanities, etc. Essentially, I was thinking of adding things that I like but I was concerned that it might not appeal to a potential renter and could cause difficulties down the line. 

Just wanted to ask here before I commit any money to the renovations. Thanks!

Hey everyone, so I'm a newbie first time real estate investor and home buyer. I want to move to Atlanta since I like the city. My plan is to buy a home and live in it for a few years before renting it out to someone else. 

Anyways, my main question is how do I look for homes? I'm using zillow for the most part but are there better ways to look for homes? I have heard MLS which I can't access and driving around neighborhoods but I am not from the Atlanta area (currently live in South FL) so that's not possible. At this point, I'm working on saving up money for a down payment (have 25k so far, I will continue saving into mid 2022 so I am hoping to have at least 40k by that point) and also looking for homes in different areas that look good.

Is it best to plan a trip to ATL and drive around so I can get a feeling for the neighborhoods/homes? or can I effectively research homes online?

@Rolly Weaver Hey Rolly, do you know if there is any available data that tracks hedge fund real estate investment activity? I'd be really interested in that information

Hey everyone, total newbie here to real estate investing. I'm 26, single, and I want to begin real estate investing to supplement my stock portfolio and grow my net worth to get closer to my goal of financial independence. My job is fully virtual, so I can live anywhere in the country but I will not get a COL increase. I'm currently based in Miami, FL and I want to leave this city and find a property elsewhere. My plan is to buy a single family home and live in it for a couple of years as I save more money for a down payment on a new home elsewhere. 

My main issue is that I'm not sure when & where to buy. I can buy pretty much anywhere in the country and while I know some cities that are not going to work but that leaves most of the cities in the country open to me. I'm looking for some advice to point me in the right direction for the following: 

1.  When is a good time to buy? 
2.  How do you narrow down a housing market to buy into? 

If it helps, my main goal is to generate cash flow so that I can save that and use it towards a down payment on another property or funnel it into my stock portfolio. I currently have about $25k saved up for a down payment & other expenses (including closing costs, and any repairs). I plan to buy summer or fall of 2022 and I will continue saving until that point. Looking to save up between $40k-$50k. 

Thank you for reading, I appreciate any advice!