New Investor In North Georgia!

10 Replies

Hello BP!

My name is Tom and I am currently living in North Georgia and working as a Geotechnical Engineer. I am originally from New Jersey and plan to go back within the next few years unless I find myself doing business down here. I have one semester left of college before I enter the real world. I will have a bachelors degree in human communication. I have been reading and educating myself with many books like "Rich Dad Poor Dad", "Think and Grow Rich", "Financial IQ", and "The UBG" from Bigger Pockets. I have also listened to most of the Bigger Pockets podcasts as well. The stock market is also an interest of mine (but not as much as real estate investing). As I am still young I want to start planning for long term wealth. I wanted to write this post because I will be attending a REIA meeting in Carterville, GA on August 14th from 7-9pm. I am interested to find out if anyone else will be attending this same meeting? If so let me know. I guess you could say my next step is to find REI's in this area to connect with. Also I am having trouble clicking on the link to upload my profile photo. It just won't let me click on it for whatever reason. If anyone can help me out it would be greatly appreciated.

Thanks,

Tom

Tom it's good to see you here!

Welcome @Tom Valichka  .  North GA is great place to invest.  There are a lot of vacation properties up there.  I imagine that market is a little slower to come back, eh?

Rick, yes everything you see up here is for sale at what seems to be pretty low prices from prior research I have done. It seems like nothing is selling no matter how low the price is... I'll be attending an REIA meeting in Cartersville the 14th to network and try to see what other areas I can get into because I'm just not sure about the market here.

What's the rental market like there? 

You might ask around about selling with owner financing? Mobile home investing? Vacation rents? 

Maybe conventional selling isn't the right thing to do there.  

Rick Baggenstoss

Your correct Rick. This area is not for conventional selling. It is highly seasonal. Most people live, work here and have their homes, or are from Florida and have their second homes here for the summer. Renting is also highly seasonal on cabin and lake houses meaning, income is not year round. I have came across some owner financing and mobile home/camp site homes. Everything is cheap, which is great, I'm just not sure if this is the right market to get started in if I have to wait for renter season to come around a few months out of the year. It might to be wise to venture down towards ATL?

@Tom Valichka I am a real estate agent in the Atlanta area send me a message and lets link up maybe I can help you find something down here where the market is better.

Welcome to the BP group Tom!

All the best and talk soon,
John Fedro

Welcome to BP Tom! Your in a great place!

-Okenna 

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