All Forum Posts by: Reid Chauvin

I appreciate the thoughtful response, @Brenden Mitchum - this is about what I expected to hear in terms of difficulty of finding deals.

I think your point on whether to grind it out in ATL or to pursue a lower barrier to entry market nearby is the key. I'm wondering if pursuing an STR in an Asheville, Pigeon Forge, etc. would be more worthwhile.

I welcome any thoughts here. 

I am planning to move to ATL in a couple of months, and am looking to purchase a 2-4 unit property, and occupy one of the units. I would love to hear any insight as far as current inventory, specific areas I should target, overall viability, suggested resources, etc. Thanks in advance! 

Why are you opting for FHA over Conventional? I'm not sure I understand how FHA construction-to-perm is the lowest risk option.

Best of luck on your search - it’s a rough market out there.

In your situation are you trying to finance as owner-occupied or as an investment property? Lower borrowing rate and cost to close on the place if you're buying as your primary, and then you could rent out your old place. Surely you can at least break-even on the old house's PITI on that. Wait a couple years and level-up with now two rental properties.