New Investor in Atlanta

Hi. I am a new investor in the Atlanta area. I have studied for some time now and I am ready to get into the game. The only true way to learn is to do. I am interested to meet other investors from the Atlanta area and around the country. I look forward to continuing the sharing of great information on here.

Edited: 06/26/2010 at 06:02AM

Christian Malesic

Real Estate Investor · Harrisburg, Pennsylvania

717 posts
810 Influence
5 Awards

Icon_minipost Oct 01 '08, 12:23 AM

Excellent! We are glad you are here. How do you think you will join the game? What are your thoughts?

Edited: 06/26/2010 at 06:02AM

Joshua Dorkin

BiggerPockets Founder · Denver, Colorado

10630 posts
46531 Influence
24 Awards

Icon_minipost Oct 01 '08, 12:27 AM

Welcome to the site, Jason! What strategy are you going to engage in with your investing?

Edited: 06/26/2010 at 06:02AM

Joshua Dorkin, BiggerPockets, Inc.
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Be sure to check out the BiggerPockets Blog at http://www.BiggerPockets.com/renewsblog/

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Dick Green

Residential Real Estate Broker · Conroe, Texas

1596 posts
1347 Influence
4 Awards

Icon_minipost Oct 01 '08, 05:05 AM

Hi Jason,

Welcome to the group. There's quite a few members of BP from the Atlanta area. I'm sure you'll be able to pick up some great information as well as establish some invaluable contacts. Looking forward to chatting with you.

Edited: 06/26/2010 at 06:03AM

Jason Bourg

Real Estate Investor · Metro Atlanta, Georgia

3 posts
1 Influence

Icon_minipost Oct 01 '08, 05:38 PM

It seems that in the current market purchasing and holding onto property seems the best bet since the number of buyers out there is low. However, I am not going to rule out the opportunity to flip some properties. I am fortunate that I spent some time lining up private lenders before going out to pursue properties. So, I have a little bit of leeway when it comes to my options. It is sort of a catch 22. Do I go for the quick cash or the potential perpetual income? I joined the Atlanta area REIA so I am interested in doing some networking there, but I am not ruling out investing across the country. Hopefully I can find a great mentor and get some guidance. I also have some great oversees contacts after working in the IT industry for so long and working with allot of overseas resources. I am working on getting them into my private money pool, but there are ALLOT more regulations and laws to deal with when you go down that road.

Edited: 06/26/2010 at 06:03AM by Jason Bourg

Account Closed

805 posts
380 Influence
2 Awards

Icon_minipost Oct 01 '08, 06:29 PM

Jason,

You are well ahead of 90+% of the investors out there, yes, even the experienced ones.

Since you already have a relationship with private lenders you have a lot more options open to you and many of those will be very profitable.

As to the approach, I am a buy and hold but still do opportunistic flips. The best return from the current market will be to buy and hold until the market turns around. It might take awhile, but if you buy right you can easily rent it, cover all expenses and turn some positive cash flow. Many areas are already seeing some upward pressure on rents and most areas will follow as the subprime mess sorts itself out.

From what you have posted here, I'd say you are very well positioned to take advantage of the current market.

Edited: 06/26/2010 at 06:03AM by Account Closed

Hassan Omar

Real Estate Investor · chicago, Illinois

98 posts
105 Influence
1 Award

Icon_minipost Oct 03 '08, 07:25 AM

Hi Jason

I am a wholesaler here in the Atlanta market as well. It'll take you a little time to get up to speed, but don't get discouraged. Stick with the GAREIA and look into IRCA-Atlanta.

Let me know if you'll be going out to either groups general body meeting events next week. Look at my posts if you have any questions about our market, drop me a line.

Hassan

Edited: 06/26/2010 at 06:03AM

Delia McKinney

Real Estate Lender · California

12 posts
10 Influence

Icon_minipost Oct 03 '08, 12:54 PM

Jason,

Welcome aboard here. I am sure your experience will be invaluable to new individuals here on Bigger Pockets. Also I am sure you will gain not only a powerful network, but also amazing information here

Edited: 06/26/2010 at 06:03AM

Tiara Murray

Wholesaler · Detroit, Michigan

295 posts
628 Influence
4 Awards

Icon_minipost Oct 19 '08, 03:29 AM

Hi Jason

I am also a newbie. I would love to network with you, and learn more about real estate here in Atlanta, together

Edited: 06/26/2010 at 06:10AM

Will Barnard

Rehabber · Santa Clarita, California

7238 posts
54461 Influence
23 Awards

Icon_minipost Oct 19 '08, 03:37 AM

Welcome to BP. If you decide to invest across the country (which is a valid & profitable strategy), make sure you acquire the knowledge of how to build your team and complete your due diligence. Those two items are of vital importance for investing out of state.

Edited: 06/26/2010 at 06:10AM

Will Barnard, Barnard Enterprises, Inc.
E-Mail: info@barnardenterprises.com
Website: http://www.barnardenterprises.com
info@barnardenterprises.com

Niko Sumrein

Loss Mitigation Specialist · Newark, New Jersey

12 posts

Icon_minipost Dec 10 '08, 10:00 PM

Hello Jason,

Welcome to BP , you can meet a lot of well educated people here who know about the game and have a lot of experience I hope you make the best out of it.

Good Luck,

Niko

Edited: 06/26/2010 at 06:37AM by Niko Sumrein

Account Closed

2 posts
-41 Influence
1 Award

Icon_minipost Oct 25 '09, 05:13 AM

Hi Jason,

My name is Thomas and I am new here too and would enjoy corresponding with you in a way to help you invest.

I am originally from Fort Lauderdale Florida and now live in Cancun Mexico.

Hope to hear from you soon,
Regards,
Thomas
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Edited: 10/25/2009 at 05:29AM by Administrator : Please review forum rules regarding posting contact info and posting in the appropriate forums and in posting your contact info in posts.