All Forum Posts by: Rashad Jones Jennings

@Rashad Jones Jennings I use the website neighborhood scout for a lot of data you are requesting. But it doesn't include new businesses coming to town-- FBI, and Toyota are the newest big guns there. I also have a few people local that I rely on like my realtor, developer and contractor, etc. Let me know if you want their info- happy to share.  DM me.  Good luck. 

Crime crime and crime!

I've had success with Choice Title Co, right across the border in Ringgold

I also send out a lot of We Buy Houses marketing because I'm an investor as well. So I do buy a large portion of these, but most of them end up being listings. I do market a lot and my branding is incredible and people remember it. I also get lots of business from my directional signs going to my listings. I have one person in my office dedicated to handling buyer leads and getting them qualified. Then I have another person handling seller leads and scheduling my apts. last week we signed up 10 listings. I also work with a lot of builders. I will market their listings for free to bring in the buyer lead. They will pay 4-5% commission.

The way I did it was go through the Business Credit Builder from Wise Guys In Ties: www.wiseguysinties.com...It was a pretty healthy investment but I was able to get a deal on it and the outcome was worth the investment. Good Luck to you!

@Rashad Jones Jennings I don't personally look for D class assets. The BRRRR could work but from what history tells us and other experienced operators is that D class assets get hit very hard when the market corrects. Lots of bad debt, skips, and unit damage. Im not saying you can't make money I just think there is a lot of risk around a D asset.

@Rashad Jones Jennings be very careful with property managers in D areas. Or sure they know what they’re doing and have a few backup PMs in place. It’s a nightmare to buy property in a D area and get stuck having no choice in PM. Me? ive done it both ways ans next time I would start small and self manage.

@Calvin Lipscomb if your looking for info on how to invest in gentrifying areas look up Brian Murray’s book crushing it in commercial real estate.

I never found a lot of info on how to invest in gentrification. It’s not easy to do but it’s easy to get burned bad.

However when you do it right you can make money. Most investors look for 10,12.15 percent. With gentrification I’ve made 40x my money.

Originally posted by @Rashad Jones Jennings:

Originally posted by @Mike Hanneman:

I have investor friends that only invest in D class multifams, they have good systems in place, but they have been doing it for a long time. I personally wouldn't invest in D properties if you are newer to REI investing. It's a easy way to get burned out quickly.

Definitely don't want to get burned out but I see it as my way in. Its hard finding B&C properties in Atlanta. So I figured id go where no one else wanted to go. With good property management I think I could make it work. At least to get my foot in the door. Does your investor friend that invest in D properties have a podcast, youtube channel etc?.... I would love to learn how he's doing it with D properties. Theres so many of them laying around here that I see opportunity. 

 If you KNOW your area deeply then there is a great opportunity for you.  Riding the gentrification train it will stop in one of these D areas.  Knowing the drivers and amenities of what would make the next D community valuable in such an event is beneficial.  There D communities right next to universities that can be plus, as an example.