Hi from Georgia!

[Bien Nguyen]

Hi Everyone!  I'm excited to be here and learning more about real estate investing.  I currently work full time in HR, am a licensed real estate agent in Georgia and South Carolina, and my husband and I hope to buy our first short term vacation rental property by end of the year.  We hope to have 3 properties in 3 - 5 years and may also consider mid-term rentals.

I love all the calculators, and LOVE the podcasts.  I've been listening to the podcasts for the last 2 months, and re-listen to them!  I learned some of the information during my training for my real estate license but it is hitting me differently now.  AND there is so much information that I am trying to absorb.  

We are currently looking at cabins in North Georgia, and considering beach condos in South Carolina.  We are staying focused on the numbers and not getting too emotionally attached to the properties.

A huge thank you to all those involved in the podcasts and the guests.  I'm learning so much!  Would love to connect with folks in the group!

Warmly,

Bien Nguyen
"B.N. Win"

[Ben Scarborough]

Quote from @Bien Nguyen:

Hi Everyone!  I'm excited to be here and learning more about real estate investing.  I currently work full time in HR, am a licensed real estate agent in Georgia and South Carolina, and my husband and I hope to buy our first short term vacation rental property by end of the year.  We hope to have 3 properties in 3 - 5 years and may also consider mid-term rentals.

I love all the calculators, and LOVE the podcasts.  I've been listening to the podcasts for the last 2 months, and re-listen to them!  I learned some of the information during my training for my real estate license but it is hitting me differently now.  AND there is so much information that I am trying to absorb.  

We are currently looking at cabins in North Georgia, and considering beach condos in South Carolina.  We are staying focused on the numbers and not getting too emotionally attached to the properties.

A huge thank you to all those involved in the podcasts and the guests.  I'm learning so much!  Would love to connect with folks in the group!

Warmly,

Bien Nguyen
"B.N. Win"

Hey Bien, welcome to BP! Be very careful when analyzing data in Blue Ridge area. More cabins than demand there. You have to have several amenities and a mountain view to compete at a high level there in my opinion. I personally just decided to stop looking at Blue Ridge for my next purchase for this reason. Hard to make the returns work when you are breaking the bank on the set up!

[Nicole Turner]

Hi Bien! I am also a licensed real estate agent in Georgia (: Nice to meet you! My brokerage works exclusively with investment properties. Would love to connect if you are interested!

[Dan Barli]

Welcome to BP @Bien Nguyen! It sounds like you are getting a lot of information, which is a big plus. Have you gone to any local REIA meetings to connect with other investors?

[Bien Nguyen]

Quote from @Dan Barli:

Welcome to BP @Bien Nguyen! It sounds like you are getting a lot of information, which is a big plus. Have you gone to any local REIA meetings to connect with other investors?

Hi!  Not yet.  I am currently trying to find some meet ups in my area.  

[Bien Nguyen]

Quote from @Nicole Turner:

Hi Bien! I am also a licensed real estate agent in Georgia (: Nice to meet you! My brokerage works exclusively with investment properties. Would love to connect if you are interested!

I just sent a connection request.   Nice to meet you too!

[Zach Edelman]

Welcome to BP!

[Ben Scarborough]

Quote from @Bien Nguyen:

Hi Everyone!  I'm excited to be here and learning more about real estate investing.  I currently work full time in HR, am a licensed real estate agent in Georgia and South Carolina, and my husband and I hope to buy our first short term vacation rental property by end of the year.  We hope to have 3 properties in 3 - 5 years and may also consider mid-term rentals.

I love all the calculators, and LOVE the podcasts.  I've been listening to the podcasts for the last 2 months, and re-listen to them!  I learned some of the information during my training for my real estate license but it is hitting me differently now.  AND there is so much information that I am trying to absorb.  

We are currently looking at cabins in North Georgia, and considering beach condos in South Carolina.  We are staying focused on the numbers and not getting too emotionally attached to the properties.

A huge thank you to all those involved in the podcasts and the guests.  I'm learning so much!  Would love to connect with folks in the group!

Warmly,

Bien Nguyen
"B.N. Win"

Hey Bien, welcome to BP! Be very careful when analyzing data in Blue Ridge area. More cabins than demand there. You have to have several amenities and a mountain view to compete at a high level there in my opinion. I personally just decided to stop looking at Blue Ridge for my next purchase for this reason. Hard to make the returns work when you are breaking the bank on the set up!

[Bien Nguyen]

Quote from @Ben Scarborough:

Quote from @Bien Nguyen:

Hi Everyone!  I'm excited to be here and learning more about real estate investing.  I currently work full time in HR, am a licensed real estate agent in Georgia and South Carolina, and my husband and I hope to buy our first short term vacation rental property by end of the year.  We hope to have 3 properties in 3 - 5 years and may also consider mid-term rentals.

I love all the calculators, and LOVE the podcasts.  I've been listening to the podcasts for the last 2 months, and re-listen to them!  I learned some of the information during my training for my real estate license but it is hitting me differently now.  AND there is so much information that I am trying to absorb.  

We are currently looking at cabins in North Georgia, and considering beach condos in South Carolina.  We are staying focused on the numbers and not getting too emotionally attached to the properties.

A huge thank you to all those involved in the podcasts and the guests.  I'm learning so much!  Would love to connect with folks in the group!

Warmly,

Bien Nguyen
"B.N. Win"

Hey Bien, welcome to BP! Be very careful when analyzing data in Blue Ridge area. More cabins than demand there. You have to have several amenities and a mountain view to compete at a high level there in my opinion. I personally just decided to stop looking at Blue Ridge for my next purchase for this reason. Hard to make the returns work when you are breaking the bank on the set up!

Hi Ben,

We were previously under contract with a cabin near Helen, GA but pulled out before the due diligence deadline.  We literally just went under contract with a property within 7 minutes from our home and although the property required us to put more money down and more sweat equity needed to get it up and running, we feel like we can get more renovations done ourselves and save some money so the CAC will be better once we get established.  We ran our numbers conservatively as AirDNA showed really high numbers for the property.  

We are also thinking about the amenities and how to differentiate ourselves.  We noticed our market basically had properties that looked nice - like a hotel.  We are brainstorming ideas on having wall murals, or themed rooms in the house that are relevant to the area, etc to stand out with our interior design.

Bien

[Ben Scarborough]

Quote from @Bien Nguyen:

Quote from @Ben Scarborough:

Quote from @Bien Nguyen:

Hi Everyone!  I'm excited to be here and learning more about real estate investing.  I currently work full time in HR, am a licensed real estate agent in Georgia and South Carolina, and my husband and I hope to buy our first short term vacation rental property by end of the year.  We hope to have 3 properties in 3 - 5 years and may also consider mid-term rentals.

I love all the calculators, and LOVE the podcasts.  I've been listening to the podcasts for the last 2 months, and re-listen to them!  I learned some of the information during my training for my real estate license but it is hitting me differently now.  AND there is so much information that I am trying to absorb.  

We are currently looking at cabins in North Georgia, and considering beach condos in South Carolina.  We are staying focused on the numbers and not getting too emotionally attached to the properties.

A huge thank you to all those involved in the podcasts and the guests.  I'm learning so much!  Would love to connect with folks in the group!

Warmly,

Bien Nguyen
"B.N. Win"

Hey Bien, welcome to BP! Be very careful when analyzing data in Blue Ridge area. More cabins than demand there. You have to have several amenities and a mountain view to compete at a high level there in my opinion. I personally just decided to stop looking at Blue Ridge for my next purchase for this reason. Hard to make the returns work when you are breaking the bank on the set up!

Hi Ben,

We were previously under contract with a cabin near Helen, GA but pulled out before the due diligence deadline.  We literally just went under contract with a property within 7 minutes from our home and although the property required us to put more money down and more sweat equity needed to get it up and running, we feel like we can get more renovations done ourselves and save some money so the CAC will be better once we get established.  We ran our numbers conservatively as AirDNA showed really high numbers for the property.  

We are also thinking about the amenities and how to differentiate ourselves.  We noticed our market basically had properties that looked nice - like a hotel.  We are brainstorming ideas on having wall murals, or themed rooms in the house that are relevant to the area, etc to stand out with our interior design.

Bien

Love it! I think the themed rooms and murals would be great! Definitely make sure you have a hot tub, and a few table games as well, such as air hockey, pool, or foosball. Best of luck, and congrats!

[Bien Nguyen]

Quote from @Ben Scarborough:

Quote from @Bien Nguyen:

Quote from @Ben Scarborough:

Quote from @Bien Nguyen:

Hi Everyone!  I'm excited to be here and learning more about real estate investing.  I currently work full time in HR, am a licensed real estate agent in Georgia and South Carolina, and my husband and I hope to buy our first short term vacation rental property by end of the year.  We hope to have 3 properties in 3 - 5 years and may also consider mid-term rentals.

I love all the calculators, and LOVE the podcasts.  I've been listening to the podcasts for the last 2 months, and re-listen to them!  I learned some of the information during my training for my real estate license but it is hitting me differently now.  AND there is so much information that I am trying to absorb.  

We are currently looking at cabins in North Georgia, and considering beach condos in South Carolina.  We are staying focused on the numbers and not getting too emotionally attached to the properties.

A huge thank you to all those involved in the podcasts and the guests.  I'm learning so much!  Would love to connect with folks in the group!

Warmly,

Bien Nguyen
"B.N. Win"

Hey Bien, welcome to BP! Be very careful when analyzing data in Blue Ridge area. More cabins than demand there. You have to have several amenities and a mountain view to compete at a high level there in my opinion. I personally just decided to stop looking at Blue Ridge for my next purchase for this reason. Hard to make the returns work when you are breaking the bank on the set up!

Hi Ben,

We were previously under contract with a cabin near Helen, GA but pulled out before the due diligence deadline.  We literally just went under contract with a property within 7 minutes from our home and although the property required us to put more money down and more sweat equity needed to get it up and running, we feel like we can get more renovations done ourselves and save some money so the CAC will be better once we get established.  We ran our numbers conservatively as AirDNA showed really high numbers for the property.  

We are also thinking about the amenities and how to differentiate ourselves.  We noticed our market basically had properties that looked nice - like a hotel.  We are brainstorming ideas on having wall murals, or themed rooms in the house that are relevant to the area, etc to stand out with our interior design.

Bien

Love it! I think the themed rooms and murals would be great! Definitely make sure you have a hot tub, and a few table games as well, such as air hockey, pool, or foosball. Best of luck, and congrats!

Yes, we were talking about a hot tub, and converting the garage for a game room that would have air hocky or ping pong table.  Thanks for your feedback!

[Robin Simon]

Welcome, sounds like a great plan!

[Sloane Kraftsow]

Welcome Bien! This site is an incredible platform and I always love to hear when someone enjoys it as much as I do. I'd love to get you started with your first rental property.

Would love to connect.

[Simmy Ahluwalia]

@Bien Nguyen - let's connect. We are ATL based, finance STR's, GA licensed, and often come across off-market STR deals in N. GA (Helen, Blue Ridge, Hiawassee, etc...).

[Bien Nguyen]

Quote from @Simmy Ahluwalia:

@Bien Nguyen - let's connect. We are ATL based, finance STR's, GA licensed, and often come across off-market STR deals in N. GA (Helen, Blue Ridge, Hiawassee, etc...).

Yes, that would be great!  Thanks!

[Dmitriy Fomichenko]

Hey Bien, it's great to have you here!

Find and connect with other BP members that are in your area: https://www.biggerpockets.com/...

Good luck on everything!