All Forum Posts by: Jingru Sui

Make a goal to purchase a investment property by a certain date. Be as hands on as possible to learn from experience. I’m also in atlanta. Would love to connect.

0 Votes

Atlanta, Georgia

Quote from @Adah N.:

Quote from @LaMancha Sims:

Adah N.

In some cases yes. If you are interested just check with the local permit office and they will give you all the details.

You read my mind, just got off the phone with them. 3 streets are historic, Forrest Ave, Kennesaw Ave and Church Street. The historic streets need permission to modify exterior. No restrictions on none historic except many streets are now re-zoned for single family homes. If you knock down the duplexes you can only build a SFH.

Atlanta investors, why are you not knocking down and rebuilding the match boxes in neighborhoods next to Marietta Square?

Come down to price I think. I sold old duplex near square. The rent in summer was 1500 per unit after minor renovation. Purchase price was 300K. Why spend money to tear down and rebuild when you already have something that meet 1% rule?

0 Votes

Atlanta, Georgia

Quote from @Matt A.:

What is the Zillow of Multi-Family homes?
I'm interested in buying a 2-4 unit Multi-Family home in Atlanta, Georgia (and other parts of the country). Which websites show the most Multi-Family homes for sale?
I find Zillow and Redfin show pretty much all single family homes that are publicly listed for sale. Are there similar websites that show pretty much all Multi-Family homes that are publicly listed for sale?

Hi Matt, 2-4 units can still qualified for residential loan while more than 4 units will require a commercial loan. We find most of our 2-4 units on local MLS or networking with other agents or wholesalers. I’d suggest you to connect to your local agent to get listings alerts on 2-4 units. It’s very easy to set up.. best of luck

1 Vote

Atlanta, Georgia

Quote from @Chris Irvin:

Hey everyone! I am a new investor wanting to get started in the Atlanta Georgia area. I am currently HouseHacking in St. Louis, so I will be a long distance investor.

I am wanting to start out with a small multifamily BRRRR, then work my way up to larger multifamily properties.

I would love to get to know local investors and other real estate professionals, so please reach out so that we can talk real estate!

Hi Chris, I’m a real estate agent, investor and PM in Atlanta. I currently have 7 doors personally. Would love to connect and know more about your goal and criterial.

2 Votes

Atlanta, Georgia

Hey , i will suggest you to talk to a lender and reverse engineer to figure out that budget you are working with. Then research on areas that allows your to find property within that price range at the same time saving more money! Good lock. Back couple yrs ago i was able to get property around 150K in Atlanta suburbs. Not sure if we can go back to those time but i think there’s always opportunities. Welcome to the community.

1 Vote

Quote from @Jon Hundley:

Hello,

I am currently driving 80-90 min into north Atlanta for a new job. Im not quite ready to sell my home, but instead looking to invest in a townhome/condo that I could stay in 1-2 days a week and air b n b or short term rental.

Is this strategy feasible or do townhomes allow for short term rentals that you can also stay in if and when needed?

I’ve also thought of a small house to house hack but not sure that would be profitable until paid off. I

I know there are rules and regulations on Air b n b but would love suggestions on how to approach this situation. Thanks!

Smyrna has it's own short term rental restriction. Different than city of ATL. I think you can rent out no more than 180 days out of a year..(please don't quote me on that but i think they have a day limit on how many days you can rent out and also need a permit/license) however i think that's a good step towards normalize short term rental.. you might be able to get SFH under 400K without HOA. Treat it like a hotel. Hired a good cleaner that will also help. I use to live in Smyrna and have properties there that I'm doing long term rental. About 10 yrs ago when i first start investing and i did Airbnb in one of my bedroom. We got plenty of people come stay couple days out of a week to help with commute. Hope this information helps! Let me know if you need any help finding this property. I'm an investor/ PM and Agent!

0 Votes

Google new economic development deals that’s been approved but still under construction..

Expend you search alongside major highway like 85,75 and I20. I personally have property in woodstock, kennesaw, smyrna (along 75) then powder springs (Close to I20) then now northeast dacula, lawrenceville (along 85) you should be able to find plenty of turn key properties under 400K

Feel free to connect! Love to help you

2 Votes

Quote from @Sara C.:

Hey @Mike Jones! It's a great area. We are still getting our Airbnb off the ground but it's coming along. Here is the link. There's lots to do like fishing, hiking, dining out, tubing, boating etc. But a lot of people just like to rent cabins and chill out. It is heavily saturated with short-term rentals as it's a vacation town, but I would still recommend it.

Hey Sara, how’s your cabin doing?

0 Votes

Quote from @Ralph Auriemmo:

Yes, I would say that it would rent well as long as it's up to date on its decor and in a good neighborhood. Be sure to check if there are any HOA restrictions on STR in the subdivision too. If you have one in mind feel free to PM me and we can connect to look at it more specifically. I'd be happy to give you my opinion.

Hi Ralph! I didn’t see your respond until now. Yes i have a community in mind would like to pick your brain.. Send you an request.

0 Votes

All Forum Posts by: Jingru Sui

Jingru Sui has started 25 posts and replied 649 times.

Post: My First small multi !! Help me analyze this deal

Post: Best Tips for Educating Yourself

Post: Downtown Marietta Square, GA

Post: What is the Zillow of Multi-Family homes?

Post: Getting started in Atlanta!

Post: The time is now! next steps?

Post: Rental that you can live in 2 days a week?

Post: Best areas around Atlanta for SFR under $400k

Post: Insights on STR Investing in Blue Ridge, GA

Post: Insights on STR Investing in Blue Ridge, GA