All Forum Posts by: Tuval Barnea

Hi @Sunil Deshpande, Cumming area and Forsyth county in general is very nice, however in the past few years the prices have gone up and it is not the first place I'd look for good rental properties. Yes, you can probably find several properties who'll make a good investment, but if you go south towards Fulton county and south east of DeKalb county, you'll find much better deals.

Feel free to send me a private message and I'll be happy to help out

Hey @Diego Mendezu

Real estate investing is a great choice and when done right it can be very fun and rewarding.

I'm a real estate agent and an investor from Alpharetta, working in Atlanta area and I'll be happy to help out, meet, or just have a chat.

@Allison Leung I didn't go through all the previous comments so I might be repeating some, but here's my 2 cents:

1. BP App - you should add the calculated to the app. I can speak for myself and say that I would probably use the calculators 10 times a day if they were more accessible (hate using them on chrome on my phone)

2. Add house layout drawing tool to the app.

3. Add before and after section to your website

4. Podcast - you recently had a podcast about a guy who failed miserably in his first two flips, followed by a podcast where Brandon and David talked about the pit falls in real estate investing. These were super educating and are more relevant to most listeners who are struggling or are afraid to start. Most podcasts with those who made it big time are great, however the majority should lean towards the newbies and not the super success stories.

5. Webinars - how about including real life stories from audience in the webinars?

@Micah Redden can you post the link here?

Took me a good hour to go through most of the comments and I can understand the different points of view, however, allowing a tenant not to pay for 4 months is going to cause a huge problem for both tenants and landlords. 

Tenants who are taking advantage of the current situation and are not paying rent will have to, at some point pay a lump sum of all their dues, at that point, assuming it will be after the full 120 days, they have already used the money they "saved" on rent payments for other important things and they are less likely to have an amount equal to 4 months rent payment available at the end of that period. 

1. At that point they will have to either break the contract or be evicted because the landlord won't be able to suffer anymore loss of income on top of the period forced upon him/her. 
2. Even if the landlord is going to help out by splitting the 4 months debt over a long period of time, that's still going to have impact on the tenant. 
3. Some tenants might also do the math and decide that dealing with eviction is going to be better for them than paying all past dues.

For landlords, even with the CARES Act in place (which only helps if you have a government backed mortgage on that property and has many other side effects that can easily open a separate long discussion):

1. Landlords have to continue paying for ongoing expenses and repair claims by their tenants (paying or not), so in addition to not getting any income, they have to pay out of pocket. 
2. Then at the end of the period, if they went for the forbearance plan, they have to pay all their dues to the bank which is not going to be forgiving at all, so even if you took on the forbearance plan, you'd better put that money in a savings account just in case the bank will not agree to any settlement other than full and immediate payment. 
3. Tenants will not be able to pay for the past months! That means that landlords will have to decide whether they go through eviction or they build a repayment plan for the tenants. Either way, they will suffer from it.
4. Landlords who plan on BRRRing or buying new investment properties will face new situation where they are denied of mortgage only because they signed up for the forbearance plan.

Bottom line is, it would have been much better if the government who is "trying to help" would have stayed out and let the landlord and tenants deal with whatever happens on their own. In 99% of the cases, tenant and landlord would have solved it internally.

The only tenant that didn't pay on time is probably the one who should have paid first. It is a big company ("Loftium") with over 600 rental arrangements (they basically rent the house from me and then sub-lease it to tenant that will live in the main house and rent a portion of it as Airbnb) unfortunately they decided to ride on the CARES act and the fact that I can't evict anyone during that time so they sent me an amendment to the contract asking me to reduce the lease amount by 35% or else they will not pay. Naturally I didn't agree to their terms, so they didn't pay...

Seeking legal advice and other landlords that were impacted by such companies.

Hi Kate, 

I like the areas you mentioned. If you are already looking at Westend, I'd go a bit more to the west towards Florida Heights which is a very nice area and houses are still at reasonable prices and provide good ROI.

You can also find good deals in South Atlanta (Pittsburgh, Adair Park) and if you are looking for foreclosures around Summerhill, you can get excellent ROI since rental prices in that area are very high.

In regard to South Dekalb, I like Candler-McAfee area and Belvedere Park (although in the later the prices went up drastically in the past few years).