All Forum Posts by: Rudy Manna

What is your strategy for Multi (5+ units) investment strategies in the high interest rate environment? How are you meeting the DSCR requirements? Are you targeting for deep value add opportunities, or markets with high cash flow, or any other strategies? Looking for hear and learn from experts?

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Have you invested in Central & East Washington , especially Wenatchee and Lake Moses area? what are your experience with managing rentals and dealing with property managers? How about Euphrata/Lake Moses where prices are still low and rent to cash flow makes sense.

I am from Seattle area and have some holdings here with good growth prospects but want to diversify with cash flow. Are there any place I can do that within WA/OR?

Thoughts? Looking forward to hear from people who has done it and dealt with ground reality.

TIA

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What is the best way to get connected with local wholesalers in Atlanta, Georgia. I am generally experienced in investing but new to the area. Are there meetups, groups etc.?

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Another question, what will be the best way to get connected to local wholesalers? Are there virtual meet-ups etc.?

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Are there portfolio lenders that single family portfolio/commercial loans (not Freddie Fannie backed mortgage loans). We need it for refinance & purchase of 4-5 properties. What are your thoughts?

I am in Seattle area. Worked with Coastal Community in the past but our portfolio with them reached a critical mass and need to look for a new lender. Washington Federal does only 70% LTV. THoughts?

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That is a chance that the two you exited are actually better projects with better results - that's why it was exited..The others might have surprises..Hope that's not the case though.

Secondly, most hands-on investors made way more than 20%+ IRR in the last few years.

You can always hire people to manage your ph calls.

Active can never beat passive, as long you are reasonably smart.

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If I am to start investing for buy and long term hold rentals in a new city, what that will be? Which city has seen some softness due to current moratoriums, industry disruptions but the long term prospects are solid as ever.

What are your thoughts? I Invest in Seattle area, but looking for a new location that maximizes the current macro scenario.

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Yes..i visited couple of time..In general, it felt like the city fits for value added buy-hold rental investment..

What do you do? flip or buy and hold?
How hard the deals to come by? regular MLS or wholesaler?

Originally posted by @Rick Baggenstoss:

@Rudy Manna Have you visited Atlanta? Most Atlantans at least divide the city as ITP and OTP -- inside and outside the perimeter. It's a dividing line between the city and suburbs. The city has grown quickly over the last 20 years and is sprawling to say the least. This is important because you'll want to pick an agent that works the areas where you're mostly likely to invest.

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THanks for the encouragement..How was luck with creating equity and cash flow..It will be greatly useful if you can share couple of sample recent deals..

Thanks again..

Originally posted by @Brenden Mitchum:

Hey @Rudy Manna

Posting on BP is a fantastic way to find some of Atlanta's many awesome investor-minded agents. I am sure you will be up to your neck in responses from them by the end of the day!

Personally, I love the Atlanta area. Being from California, I did not expect to ever find myself in GA but now that I am here I won't be leaving anytime soon!

On a less personal level, everything you hear about Atlanta is true in terms of growth and market resilience. Our strength comes from the incredible job and demographic diversity here. Atlanta is not just one huge market but rather a ton of submarkets (and even smaller sub-submarkets!). This can be a blessing and a curse for someone looking to get started here as it can be quite overwhelming. However, as long as you have your criteria straight, which it sounds like you do, you can quickly narrow in on the right markets for you.

If you're playing the long, stable game, I recommend looking in Gwinnett and Cobb counties. Cherokee and Bartow are solid long-term plays too. Henry County is also a decent long-term play, as well as having a greater capability to find cash flow now. Clayton County is similar in this regard but a little more risky and management intensive. However, since Clayton is very hyperlocal, you can still find some great neighborhoods.

Hope this helps a bit. Please feel free to reach out to me anytime if you have other questions or just want to chat about ATL!

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All Forum Posts by: Rudy Manna

Rudy Manna has started 86 posts and replied 259 times.

Post: Multi Family Investment Strategies

Post: Multi Family Investment Strategies

Post: Investing in East Washington

Post: Getting started in Atlanta

Post: Looking to get started in Atlanta

Post: Portfolio Lending in Seattle area

Post: Why I love being a Passive Investor in Syndications (30% IRR!!)

Post: Best location to Invest

Post: Looking to get started in Atlanta

Post: Looking to get started in Atlanta