All Forum Posts by: Ben Bakhshi

Just a friendly reminder.
If you get a lot of emails from services or companies that you don't use anymore, instead of just deleting them, click UNSUBSCRIBE at the bottom of the email.

I two other good spaces I can plant. Should I plant the same type of tree, or does it not matter?

Here is a blog post I wrote up on my adventures planting a peach tree t about it. http://activerei.com/post/52952669989/planting-fruit-trees-at-rental-properties

In short:
It was fun and cheap and helped reduce some stress.
My tenants are happy with it (one tenant paid me rent a week early after seeing me working on the tree)
I hope that it gives goodwill to my tenants which may: redue late rent payments, increase rents for new tenants,
I hope that it increases property value upon a sale or refi.

It depends on how much money you have to start out with, what your credit profile is, and how much money you need to achieve financial freedom for yourself.
My first buy-and-hold goal is $10,000 passive per month net. I think it will take me another 3-5 years. The more money I make on my other businesses or from flipping, the faster I can buy properties.
Also, if you have a day job, you can qualify for good loans that can help you buy more properties more quickly.

We have some offers but wanted to test the BP waters before signing.

4846 Woodhurst Way
Stone Mountain, GA 30088

Sold for $108,000 all the way back in 1993.

http://www.trulia.com/property/3113643806-4846-Woodhurst-Way-Stone-Mountain-GA-30088
http://www.zillow.com/homedetails/4846-Woodhurst-Way-Stone-Mountain-GA-30088/14483908_zpid/
http://www.redfin.com/GA/Stone-Mountain/4846-Woodhurst-Way-30088/home/23823594

Feel free to message me directly or contact my agent.

Can you sell a note if you own a property free and clear? Sorry for the newb question, but there is a lot of terminology in this sub-forum that I don't understand.

Bought the book with 1-click on Amazon, it's now delivered to my Kindle, phone, and computer. :)

Hi all,
Have any of you done this type of lease on a residential property?
I'd be happy to reduce cash-flow in exchange for a steady payment over a long time horizon of 5+ years.
It can also cut out management, both first hand management and 3rd party management.

Maybe I'm just fantasizing.

Hi all,
Have any of you done this type of lease on a residential property?
I'd be happy to reduce cash-flow in exchange for a steady payment over a long time horizon of 5+ years.
It can also cut out management, both first hand management and 3rd party management.

Maybe I'm just fantasizing.

The real estate puddle is drying up in Atlanta. Rainbow days ahead.

Movoto.com's real estate trends report is showing that average price reductions have reached 5+ year lows (their data only goes back 5 years). A seller's market is upon us in Atlanta, and that means rising prices.

The truth of the matter is, it is getting hard to buy investment properties in the Atlanta area. Inventory is way down, nearly every home I've offered had multiple offers, and all the while ROI on new purchases is less than my older ones.

I have been buying for cash flow over the last 5 years. Honestly, factoring appreciation for very little. Give me a property that nets 20% and I dont care if the value never goes up, so long as there is rent to collect.

But high cash flow, decent area deals aren't around any longer. There are parts of Atlanta where you can still make exceptional returns, of course, and I would suggest anyone looking for out of the ballpark returns, with the risk that comes with very old buildings and very poor tenants.

Rising prices may squeeze rental investors on yearly rental ROI, but they are also the best sign that prices will continue rising in the future. Owning an appreciating asset which is also providing high yearly returns is what Real Estate is all about.

Movoto.com has a pretty great statistics graph engine. There are links below to some graphs. You can enter your city and state by changing the url.

They let you chart the average dollar amount of price reductions in a given city.

Around Atlanta, GA, average price reductions have dropped significantly from peaks during the last 5 years.

A corollary to this story is that list prices have been rising and the percentage of distressed sales have decreased steadily since January 2012.

Atlanta
March 2013 - $430
5-year peak: June 2010 - $1,632

Then some Atlanta suburbs:
Norcross
March 2013 - $19
5-year peak: June 2010 & January 2011 - $143

Roswell
March 2013 - $55
5-year peak: January 2012 - $240

Median list price chart for Atlantahttp://www.movoto.com/statistics/ga/atlanta.htm#city=&time=5Y&metric=Median%20List%20Price&type=0
Price reductions chart for Atlanta http://www.movoto.com/statistics/ga/atlanta.htm#city=&time=5Y&metric=Price%20Reductions&type=0