All Forum Posts by: Rakesh Balavanthapu

Great insights everyone! Thank you!!

I am relieved to hear from seasoned players like you all that I need not stress on 1% rule.

Follow up question:

I am looking for a positive cash flow (after deducting the repairs, capex, taxes, insurance, property management fee etc) and appreciation in the long run. But I also want to scale and build a portfolio. Is that possible?

Thanks in advance

I am a new to REI and trying to find my first deal. Have been listening to BP podcast episodes from 2020 and earlier and the numbers were no where near what they are today.

I have analyzed about 30 deals in Atlanta, Dallas and Columbus markets. Couldn't find a single property where it is meeting the 1% rule. Agreed that I looked at only MLS listings, but still.

Am I looking in the wrong place ? Or am I making any mistakes in my analysis? Not sure where to go from here.

Also, is there a place on BP where we can find market analysis? I am a pro member. 
Please let me know how you guys are dealing with this

In today’s overly appreciated market across the country, finding a good deal that provides decent cash flow seems incredibly hard.

What are your thoughts on finding bank owned and foreclosures on websites like auction.com ?

Thanks @Nicole Masters. I did check that and going to a meet up next week !

I am in the same boat and interested too. Posting a reply to follow the thread

Dear BP Community,

I hope this email finds you all in good health and high spirits. My name is Rakesh Balavanthapu, and I am writing to seek guidance and support as I embark on my journey as a new real estate investor based in Atlanta, GA.

Having a stable W-2 income, I am eager to diversify my investment portfolio and build wealth through the acquisition of single and multi-family properties. My goal is to adopt a long-term strategy, where I can purchase properties and hold onto them for sustained growth and passive income, a.k.a The BRRRR strategy !

As a newcomer to the real estate investing world, I recognize the importance of connecting with seasoned investors who have navigated similar paths. After researching various platforms, I was thrilled to discover the vibrant and knowledgeable community here on BiggerPockets.

If any of you have experience investing in Atlanta, I would greatly appreciate your mentorship, advice, and expertise. I am eager to learn from your firsthand experiences, including both the challenges you faced and the strategies that yielded positive results. Your insights on identifying lucrative investment opportunities, conducting due diligence, and managing properties for long-term success would be invaluable to me.

As I embark on this journey, I am committed to educating myself through books, online resources, and attending local meetups or events. If you can recommend any specific educational resources, investment groups, or real estate networks in Atlanta, I would be truly grateful.

I am open to various forms of communication, whether it be through email exchanges, occasional mentoring sessions, or even the opportunity to meet for coffee. Your guidance and support will play a vital role in helping me build a solid foundation and set myself up for long-term success in real estate investing.

If you are interested in connecting or have any recommendations to offer, please reply to this post and we will figure out a way to connect. Your guidance would be highly appreciated.

Warm regards,

Rakesh K Balavanthapu