New Member in Kennesaw, GA (Cobb County)

[Joe Monaghan]

Hi everyone,

I've been browsing around the Bigger Pockets forum for a few months but just registered a couple weeks ago. A few years ago I talked with someone who owned more than 50 rental properties and occasionally flipped property and I've been thinking doing RE investing ever since. My wife and I are finally near being a position where we will have the capital to comfortably start.

I plan on looking for homes well below market value that I can easily clean up, fix up and either sell or rent, depending on what the market value might be after I'm done with basic fix ups. I've been looking at whats available for the past year or so but plan on looking to purchase my first property sometime in the July to Septermbet timeframe.

Although I've found a couple, I'm having a difficult time finding properties that are in decent condition at an asking price. What are you guys doing to find these properties? Does anyone live in the area that has had any luck?

Thanks for the help, both now and with what I've seen in the past.

Regards,
Joe

[Ali Boone]

Welcome Joe! You can definitely work your plan. The only glitch for you right now is that the Atlanta market is a really tough one, especially for a beginner individual. The hedge funds came in and swooped up loads of inventory in the last 2-3 years and investors flocked all over the city buying everything up. Even the pros are having a hard time getting inventory.

The best thing you can do is find a killer team to work with who can help out. On your own it will be next to impossible to find good properties. A lot of properties get bought before they even get listed, and listed properties often don't last on the MLS more than a few hours before getting taken.

It's definitely doable, just have to be clever!