Updated about 2 months ago on . Most recent reply
Need a Mentor!
Hey y’all! I’m 26 years old and looking to buy myself an apartment building this year (5–20 units, either in Georgia or Tennessee). I have some capital saved from my software engineering job and would love to get in contact with someone who has experience with apartments. I’m a motivated individual, and I believe I may even be able to offer my services to you in some way!
A little more context: I have two single-family rentals that I completed large rehabs on. Both were purchased with conventional loans. I have a pretty good understanding of the rental market, my expenses, and how to find a deal. I’ve found that going off-market and buying cheap is the best way to ensure cash flow. I’m wondering if the general concepts I’ve learned over time, like this, translate to the world of apartments.
Any help or advice would be greatly appreciated. I’m very open to criticism!
Most Popular Reply
Hi @Sheev Patel. If you haven't done so already I would recommend you join a REIA near where you want to invest. Meeting and talking to people face to face is always more helpful when you're just starting out.
There are a few in TN. REINTN is in Nashville, Knox REIA is of course in Knoxville and Memphis Investors Group (MIG). GA has Georgia REIA and Atlanta REIA, both in Atlanta metro.