Rookie Investor in Atlanta

[DaNeale Canidy]

My name is DaNeale and I’m based in Atlanta, GA. I’ve been soaking up information from podcasts, books and the BP forums and I would love to start building my portfolio with multi family properties. I would love to invest locally but I still have a lot to learn about this market. Let me know if you’re interested in networking! 

[Eric Gerakos]

Quote from @DaNeale Canidy:

Quote from @Eric Gerakos:

Why multi family? Depending on location and quality, they may not perform as well as SFH.

It just seems like I could scale faster with small multifamily properties. I don’t have a ton of capital to invest initially so I’m trying to get more bang for my buck and use the BRRRR method to grow my portfolio and eventually 1031 exchange for a larger multifamily property. I’m not quite ready to jump in just yet but these are my initial thoughts as I’m learning about real estate investing. I’ve listened to podcasts and I’m on my 2nd book as I’m in the very early stages of learning as much as I can before I get started. I would love to hear your thoughts on single family vs multifamily for beginners as an experienced investor. 

DaNeale,  new investors are often in a hurry to "scale fast" and end up buying a bunch of cheap, undesirable properties that lose money. The goal of investing isn't to buy as many properties as you can as quickly as possible.  The goal is usually to make as much money as possible,  which is usually not the same thing. Take your time. Save your money. Buy fewer but better properties in better neighborhoods.