All Forum Posts by: Gamaliel M.

Thank you for the fantastic feedback, I really appreciate it. Based on your replies it seems like I will get the most efficient return on my townhouse equity and my personal time is by selling and diversifying the money into Syndications. I'm thinking along the lines of a 50k investment each in Multifamily, Self Storage, and Mobile Home Park. While I invest passively I'll pick one to focus on for an eventual direct investment.

Hi all,

Currently living in a townhouse in Tucker, GA right outside of Atlanta purchased for 160k and recent sales in the subdivision have hit 300k which would give us approx 170k of equity. My wife and I plan to move to a bigger house next year and I'm undecided whether to sell the townhouse, invest the proceeds in a syndication or keep the townhouse as a rental and self manage. Cashflow would be about $1000 a month accounting for maintenance and vacancies.

I meet the qualifications for an accredited investor and have a strong interest in multi-family in the long term so that leaves me with a lot of options. I've received advice from both sides saying SFR is a good way to cut your teeth in real estate investing to don't waste your time on SFR, , if you have the cash start big. What are your thoughts? Thanks ahead of time!

Marcus

Welcome @Austin Burrous

I'm new as well from nearby Tucker, GA and have found this site to be incredibly useful. Also, I attended the Monthly Northern Atlanta Real Estate Meet-Up/Mastermind for the first time last week and highly recommend attending those to network with other Real Estate investors.

Thanks for the responses everyone!

@Disia Page I am definitely interested in markets outside of Georgia. I'm willing to go anywhere there is good cash flow. Best of luck on your first house hack!

@Anthony Dooley thanks for the tip. I will keep SFR in mind. My initial goal is to start as big as I can comfortably go so it'll either be a package deal of SFR or partner-up with someone experienced to get into commercial multi-family. Joining a Syndication is also an option I'm considering.

@Graham Lutz Thanks, glad to be here. You're right around the corner from me. It's amazing how things have changed. I bought my Townhouse mid-2013 for 160k and the last 3 in my neighborhood have gone for 260k+. Interestingly enough, the only quadraplex I've seen on the MLS in decent condition is in your area, Peachtree Corners. But of course and asking price is well above the highest price I'd offer to get reasonable returns based on my analysis. The good thing about waiting out this crazy market is the opportunity to keep learning and building more capital.

Greetings BP!

My name is Marcus and I'm a new BP member living in Tucker, GA. I have a current W2 job that I enjoy and love but have always been interested in passive income and the flexibility it gives you. Couple months ago I learned about Bigger Pockets and after several intriguing podcasts, I decided Real Estate was the best way for me to create an additional stream of income. The niche that interested me the most, especially from listening to Podcasts, is Multi-Family. I've kept myself busy over the past couple months educating myself reading several books, and listening to more podcasts. My initial goal is to build a portfolio that cashflows $250k a year in 10 years.

Currently, I'm in the process of obtaining a HELOC, which combined with a cash on hand should net me around 100k to start. Right now I'm thinking to start small with a 2-4 unit multi and scale from there, or if the opportunity presents itself through networking, partner up with someone on a commercial multi-family. I know Grant Cardone preaches partnering and starting big but for now, I want to leave the starting small option open. The market in Atlanta for multi's does seem very hot. I've started to analysis properties of Redfin and the pickings are slim along with the cash flow and COC return. Luckily, I am in a position to be patient and wait for the right property that fits my criteria(strong cash flow, 12% COC return, decent neighborhood/no section 8). So far my target neighborhoods are Decatur, Norcross/Peachtree Corners, and Marietta/Syrmna/Kennesaw area. Has anyone had recent success with Multi-Family in ATL?

Excited to be here and looking forward to networking with all.

Greetings BP!

Man name is Marcus and I am a new real estate investor living in Tucker, GA. I have a current W2 job that I enjoy and love but have always been interested in passive income and the flexibility it gives you. Couple months ago I learned about Bigger Pockets and after several intriguing podcasts, I decided Real Estate was the best way for me to create an additional stream of income. The niche that interested me the most, especially from listening to Podcasts, is Multi-Family. I've kept myself busy over the past couple months educating myself reading several books, and listening to more podcasts. My initial goal is to build a portfolio that cashflows $250k a year in 10 years. 

Currently, I'm in the process of obtaining a HELOC, which combined with a cash on hand should net me around 100k to start. Right now I'm thinking to start small with a 2-4 unit multi and scale from there, or if the opportunity presents itself through networking, partner up with someone on a commercial multi-family. I know Grant Cardone preaches partnering and starting big but for now, I want to leave the starting small option open. The market in Atlanta for multi's does seem very hot. I've started to analysis properties of Redfin and the pickings are slim along with the cash flow and COC return. Luckily, I am in a position to be patient and wait for the right property that fits my criteria(strong cash flow, 12% COC return, decent neighborhood/no section 8). So far my target neighborhoods are Decatur, Norcross/Peachtree Corners, and Marietta/Syrmna/Kennesaw area. Has anyone had recent success with Multi-Family in ATL?

Excited to be here and looking forward to networking with all.