I NEED Help With The Atlanta Market!
Hello everyone, I'm seeking your assistance. I'm a 21-year-old Canadian eager to invest in Atlanta, Georgia after conducting thorough research. Given the current market conditions, I aim to construct a diverse portfolio through creative financing strategies such as wraps and subject-to deals. My challenge now lies in building a team in the United States, which has proven tricky at my age. Despite reaching out to over 30 law firms and CPA offices, I haven't had any success. I'm uncertain about my next steps. I have a clear vision of what and where I want to invest however, I could greatly benefit from guidance on finding deals and assembling a remote team. Thank you, everyone, and take care!
Most Popular Reply
@Sam Chicquen Have you shown anyone you're serious by investing the time/money to actually visit Atlanta, meet with brokers, wholesalers, attorney's, contractors, and sellers? If you have, and you still aren't getting traction, it's likely due to your presentation / value-prop. I know from experience that many industry professionals often overlook someone who looks super young or is considered a newbie if all they are contributing is a "plan" without some level of substance and resources. For instances, I get calls frequently from new investors stating they want to get into "investing" in a commercial deal and they are looking for a broker to work with. But when I start asking about their plan and resources, they turn out to only have a plan and very limited or no available resources. If you are relying on 100% others people's money, you don't live in the area you are trying to work in, and you need other people to do a vast majority of the work (ie. find the deal, fund the deal, close the deal), that will often hold back high producing vendors from working with you. They want to see that you have actual skin in the game. Can you call around and find the deals? Can you fund the initial deal or two yourself, then refi out later? Can you meet with vendors in person as/when needed.
Another question, have you posted this question in the residential forum yet? Likely a better spot for it with a wider audience of brokers and members in the residential space. Just a thought.