Investor · Atlanta, GA · Member since 2025 · 9 posts · 14 votes
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!
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.
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.
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.
Hello DaNeale, I'm so glad to hear your because we are identical. Will watch all replies to gage solutions and options offered to you. I'm still learning.
Real Estate Agent · Kansas City, MO · Member since 2020 · 1k+ posts · 492 votes
1y
Congratulations on starting your journey in Real Estate Investing! This platform offers a fantastic opportunity to network and forge valuable connections. Have you identified your financial goals yet? Defining clear objectives will help guide your investment decisions and ensure you stay on track. Whether you're aiming for steady cash flow, long-term appreciation, or diversifying your portfolio, understanding your goals is key. Remember, the more specific you are, the easier it will be to measure your progress and make informed choices. Don't hesitate to reach out to experienced investors or mentors on this platform for advice tailored to your unique situation. Here's to your success in building a prosperous real estate portfolio!
Congratulations on starting your journey in Real Estate Investing! This platform offers a fantastic opportunity to network and forge valuable connections. Have you identified your financial goals yet? Defining clear objectives will help guide your investment decisions and ensure you stay on track. Whether you're aiming for steady cash flow, long-term appreciation, or diversifying your portfolio, understanding your goals is key. Remember, the more specific you are, the easier it will be to measure your progress and make informed choices. Don't hesitate to reach out to experienced investors or mentors on this platform for advice tailored to your unique situation. Here's to your success in building a prosperous real estate portfolio!
Thanks Mackaylee, I’m definitely more cash flow focused right now because I plan to reinvest the cash flow to build my portfolio. I see you are in Kansas City which is a market I’m interested in learning more about because I was actually born in KC and still have family there. I would love to connect and learn more about your experience in the KC market.
Property Manager · Atlanta, GA · Member since 2020 · 74 posts · 38 votes
1y
DaNeale,
Congrats on getting into real estate! I have been an investor/agent/property manager in Atlanta for almost a decade now and will be happy to provide any resources you need.
I hate to be the bearer of bad news, but multifamily investing in Atlanta is a difficult game as we have a general lack of affordable multi-family homes, most are sold at a 4-6% cap rate, and getting a return on your investment with these can take years.
I do have a few strategies that I have implemented to still grow door-count quickly, utilize multi-family style investing with single family homes, and make sure you are mitigating risk as much as possible.
It would be a please to talk and see where I can help.
Congrats on getting into real estate! I have been an investor/agent/property manager in Atlanta for almost a decade now and will be happy to provide any resources you need.
I hate to be the bearer of bad news, but multifamily investing in Atlanta is a difficult game as we have a general lack of affordable multi-family homes, most are sold at a 4-6% cap rate, and getting a return on your investment with these can take years.
I do have a few strategies that I have implemented to still grow door-count quickly, utilize multi-family style investing with single family homes, and make sure you are mitigating risk as much as possible.
It would be a please to talk and see where I can help.
Thanks,
Berenger
This is great insight! I would love to connect and learn more about your experience in this market and the strategies you have found to be successful.
Congrats on getting into real estate! I have been an investor/agent/property manager in Atlanta for almost a decade now and will be happy to provide any resources you need.
I hate to be the bearer of bad news, but multifamily investing in Atlanta is a difficult game as we have a general lack of affordable multi-family homes, most are sold at a 4-6% cap rate, and getting a return on your investment with these can take years.
I do have a few strategies that I have implemented to still grow door-count quickly, utilize multi-family style investing with single family homes, and make sure you are mitigating risk as much as possible.
It would be a please to talk and see where I can help.
Thanks,
Berenger
This is great insight! I would love to connect and learn more about your experience in this market and the strategies you have found to be successful.
Let me know when you have time for a phone call will be happy to speak more in depth.
Congrats on getting into real estate! I have been an investor/agent/property manager in Atlanta for almost a decade now and will be happy to provide any resources you need.
I hate to be the bearer of bad news, but multifamily investing in Atlanta is a difficult game as we have a general lack of affordable multi-family homes, most are sold at a 4-6% cap rate, and getting a return on your investment with these can take years.
I do have a few strategies that I have implemented to still grow door-count quickly, utilize multi-family style investing with single family homes, and make sure you are mitigating risk as much as possible.
It would be a please to talk and see where I can help.
Thanks,
Berenger
"utilize multi-family style investing with single family homes"
Can you say more about this - quite interested. Thanks