Atlanta: Networking Open House - Learn Multi-Family Investing

Event
Real Estate Events & Meetups
10yFollow

Atlanta: Networking Open House - Learn Multi-Family Investing

When:

Where:2771-White Oaks Drive, Decatur GA 30032

Cost:Free

Sign up to Attend Event

Disclaimer: BiggerPockets does not support or sponsor any meetups unless otherwise noted. Do your due diligence before attending any events. You may be agreeing to attend an event that includes promotion, pitching, or high-pressure sales tactics or techniques. Poster certifies that there will be no pitching of products or services at this event.

Azeez K.
Investor · Atlanta, GA · Member since 2013 · 646 posts · 392 votes

Greetings Atlanta BP Community!

We are pleased to announce Atlanta Networking Open House: Learn about Multi-Family Investing.

What is this event?

This event gives real estate professionals an opportunity for an on-site visit to a Multi-Family property and learn, share ideas around multi-family investing:

*Finding Multi-Family Properties

*Due Diligence

*Financing Your MF properties

*Buy, Rehab, Rent, Repeat – see it in action

*Discuss Local Market Trends and Insights in Multi-Family properties

*And discuss other questions that are not listed above.

What to expect?

  • Network with fellow Investors and Real Estate professionals in the Atlanta area
  • See units in different stages – Fully complete | Rehab Units | Gutted Units
  • Walk around and ask questions about anything Multi-Family properties
  • It’s simply an open house aimed at learning about MF investing
  • Have Donuts and Coffee

Who is this event for?

  • BP Members/Real Estate Professionals interested in learning about Real Estate with focus on MF Investing

When is the event?

December 05, 2015 – from 9:30 am to 12:00 pm

Where is this event: White Oaks Apartments (2771-2807 White Oak Drive, Decatur, GA 30032)

Where to register?

Register Here

This event is free to attend. There won’t be any gurus selling and CD’s, magazines or software. Feel free to stop by if your schedule permits.

@Matt Wood @Kiran K @Mike O'Connor @Todd Whiddon @Abhi Golhar @Anna Watkins @Rick Baggenstoss 

4Reply
65 views

Most Popular Reply

Pat Saunders
Rental Property Investor · Atlanta, GA · Member since 2014 · 27 posts · 4 votes
10y

I definitely enjoyed meeting everyone and I'll echo everyone else, BIG shout out to Azeez for putting together. Can't wait to network again!

2Reply
See this reply in the discussion

56 Replies

Jump to latestLatest
  • Kiran K
    Real Estate Investor · atlanta, GA · Member since 2008 · 80 posts · 15 votes
    10y

    @Joel Owens see if you can make it, your input will be appreciated.

    0Reply
  • Kiran K
    Real Estate Investor · atlanta, GA · Member since 2008 · 80 posts · 15 votes
    10y

    @Simmy Ahluwalia glad you can make it.

    0Reply
  • David Begley
    Investor · Atlanta, GA · Member since 2014 · 415 posts · 299 votes
    10y
    Originally posted by @Kiran K:

    @Vincent Crane @Mike Watkins

     Thank you for the kind words Kiran.  However, putting me in the same category as Rick is either doing him a terrible disservice or elevating me higher than my humble background deserves! lol  I too want to keep learning from investors like Anna, Rick and @Azeez K.   Hope to see you guys on Saturday. db

    0Reply
  • Joel OwensBusiness Member
    Moderator
    Real Estate Broker · Canton, GA · Member since 2010 · 15k+ posts · 11k+ votes
    10y

    Hi Kiran,

    Glad you guys are having fun.............. : )

    I focus more on commercial retail properties these days as the larger MF has been frothy for awhile. I am not against MF it is just not penciling right now for the type of properties I like at cap rates I want to see.

    My schedule is covered up with deals in process and meetings so currently no time to travel.  

    The recent talk for MF has been in future years there is a slight correction coming. Currently A markets are now being overbuilt for high class large properties 200,300,400, units etc. So there is some slowing down of rental increases in that pace as supply begins to outpace demand. The good thing about that demographic is that the average income for a tenant can be sometimes 70,000 or 80,000 or more a year so even with higher rents they might be at 15% of annual income. So more rising in rents could be paid easily but the oversupply will restrain rent growth due to saturation levels.

    On the flip side the lower income rentals there is an under served demand that is built up. So while that segment is not overbuilt they have other limitations in place being that with low incomes the rents are rising to a level already taking up a very large amount of income earned. This is going to cause a push back on rents with a ceiling being achieved from slow income earned offsetting annual inflation. These types of tenants tend to not get the same bumps in income earned each year that the affluent base does. The income is more sporadic also working sometimes 2 to 3 jobs to get by.

    I see rents flattening in a few years and vacancy rising to 10% versus the 4 percent rent growth sellers are selling now with 3% vacancy numbers. Those numbers are just not sustainable over the long term. If these properties are being held for short term and sold off then you put the market correction risk onto the back end purchaser. So for some it is great to be in the development game right now. Just have to time the cycle so you are not overexposed with too many projects when the bottom falls out. That is why I like shorter time turn around projects even if yield is less.

    The longer you have to wait to see your yield the more market dynamics can change.      

    Podcast Guest on Show #47
    NNN Invest53 Reviews
    WebsiteView Page
    0Reply
  • Kiran K
    Real Estate Investor · atlanta, GA · Member since 2008 · 80 posts · 15 votes
    10y

    Thanks @Joel Owens for the market input, this is a value add for us and long term hold with cash flow in mind so not thinking anything more than that for now.

    Lets us know if you have any great commercial retail value add keep us in mind

    0Reply
  • Kiran K
    Real Estate Investor · atlanta, GA · Member since 2008 · 80 posts · 15 votes
    10y

    @Marvin McTaw hope you are doing well, see if you can make it to this event

    0Reply
  • Marvin McTaw
    Rental Property Investor · Atlanta, GA · Member since 2014 · 807 posts · 274 votes
    10y

    Hey @Kiran K and @Azeez K. I will be there. Quick question for you: are there going to be things the whole time or can I come for maybe an hour or two? Don't want to be rude but I may have to head over to another property I have over in the area around 11-ish. 

    0Reply
  • Kiran K
    Real Estate Investor · atlanta, GA · Member since 2008 · 80 posts · 15 votes
    10y

    @Marvin McTaw you can drop by anytime between 9:30 to 12, one of us will be there all the time. 

    0Reply
  • Azeez K.
    OP
    Investor · Atlanta, GA · Member since 2013 · 646 posts · 392 votes
    10y

     @Marvin McTaw

    Long time man! Hope all is well. Man just pop and drop anytime you want mix and mingle with few investors for as long or as little as you want. Would love to hear what you have been up to lately. 

    @Joel Owens Thanks as always for your guidance and valuable insight. We are looking at some strip malls as well if you have potential strip malls kindly let us know. 

    @David Begley Thanks for your kind words. We look forward to catching up with you. Can't wait to hear what you have going on in the area. Look forward to catching up. 

    0Reply
  • Joel OwensBusiness Member
    Moderator
    Real Estate Broker · Canton, GA · Member since 2010 · 15k+ posts · 11k+ votes
    10y

    Hi Azeez,

    I would need to know the criteria and how you plan on financing the property.

    Podcast Guest on Show #47
    NNN Invest53 Reviews
    WebsiteView Page
    0Reply
  • Matt Wood
    Investor · Atlanta, GA · Member since 2014 · 112 posts · 80 votes
    10y

    Looks like this will be a fun group - excited to meet everyone there on Saturday 

    0Reply
  • Mike O'Connor
    Property Manager · Atlanta, GA · Member since 2014 · 67 posts · 34 votes
    10y

    Glad to see that we will have a good crowd make it out - looking forward to meeting everyone there on Saturday.

    0Reply
  • Mike O'Connor
    Property Manager · Atlanta, GA · Member since 2014 · 67 posts · 34 votes
    10y

    @Paul Smythe

    0Reply
  • Karen Petty
    Stockbridge, GA · Member since 2015 · 42 posts · 12 votes
    10y

    I'd love to attend, but due to scheduling I will have to bring my 13 yo son, who actually is interested in REI too. Let me know if that is possible. If not, I certainly understand.

    Thanks!

    0Reply
  • Kiran K
    Real Estate Investor · atlanta, GA · Member since 2008 · 80 posts · 15 votes
    10y

    @Karen Petty we have no issue with 13 year old coming over with you.

    0Reply
  • Azeez K.
    OP
    Investor · Atlanta, GA · Member since 2013 · 646 posts · 392 votes
    10y

    @Joel Owens will PM you the criteria. 

    @Karen Petty look forward to seeing you. It's cool that your son is interested in REI..looking forward to networking with you.

    Thanks

    0Reply
  • Mike Watkins
    Wholesaler · Powder Springs, GA · Member since 2013 · 516 posts · 143 votes
    10y

    Are these at the white oak town homes apartments? 

    Went to the office and there's no one here. I think I'm at the wrong place. 

    0Reply
  • Mike Watkins
    Wholesaler · Powder Springs, GA · Member since 2013 · 516 posts · 143 votes
    10y

    another great meet @Azeez K.  all thanks to you. It was awesome  meeting everyone again and some new people. 

    Did any one get Pat's #?  

    The closing attorney I use is Joseph Girardot @Anna Watkins.

    It seems that I left my notebook on the table in the house with the donuts. If I could set up a time to come back and get it or meet somewhere that be great.

    0Reply
  • Anna Watkins
    Investor · Atlanta, GA · Member since 2014 · 389 posts · 250 votes
    10y

    Thanks to Azeez for yet another extremely valuable AND enjoyable networking event.  I am inspired to keep growing and learning (and be extremely careful about actually having a clue when I post! :-).  2016 is going to be a great year.

    Congratulations to the White Oak Apartments "team."  Well done, guys.

    0Reply
  • Matt Wood
    Investor · Atlanta, GA · Member since 2014 · 112 posts · 80 votes
    10y

    Thanks @Anna Watkins - it was great to meet you. Thanks to all who came by!

    0Reply
  • Azeez K.
    OP
    Investor · Atlanta, GA · Member since 2013 · 646 posts · 392 votes
    10y

    Thank you for all those who took time from their busy schedules to network at the meet up. Let us know if you have any ideas for future meet ups. 

    @Mike Watkins I will send you Pat's info and will mail/give you your notebook. 

    Thanks all!

    0Reply
  • Olu Sanya
    Real Estate Investor · SMYRNA, GA · Member since 2015 · 24 posts · 57 votes
    10y

    Just saw this, I missed it!.  Let me know when the next BP meet up happens.

    0Reply
  • Marvin McTaw
    Rental Property Investor · Atlanta, GA · Member since 2014 · 807 posts · 274 votes
    10y

    Hey @Azeez K. great event on Saturday. Thank you and @Kiran K for the invite. I really enjoyed meeting everyone and seeing some old friends there too! 

    cc: @Mike O'Connor  @Anna Watkins @Zach Liu@Patricia Joseph @Simmy Ahluwalia @Rick Baggenstoss @Alex Vela @Account Closed

    @Account Closed
    0Reply
  • Zach Liu
    Investor · Atlanta, GA · Member since 2014 · 132 posts · 40 votes
    10y

    Great to meet everyone, let's keep it going!

    0Reply
  • Mike O'Connor
    Property Manager · Atlanta, GA · Member since 2014 · 67 posts · 34 votes
    10y

    Thanks everyone for coming out - it was great meeting you all!

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free