Good morning Atlanta!
My fiance, Taylar, and I will be moving to Marietta, GA after our wedding in August! We are interested in multi-family buy and hold investing to start. Our first property will be owner-occupied to accelerate our beginnings in real estate investing. While living in our first property we plan to invest in more multi-family properties and potentially SFH's as well. We follow 3 main guidelines:
1. Add Value
2. Invest Where You Know
3. Cash Flow
These are actually Paul Morris' main guidelines from "Wealth Can't Wait". We look to rehab all of our properties based on what the local market can support and then hold the property (passive income) or sell the property (generate capital) depending on how we think the property fits in our portfolio best. The core of our mission statement is to add value; add value to our properties, tenants, and all others in our life. We add value to the people around us by providing a healthy and supportive environment through an abundance mindset.
Our weakest spot at this time is "Investing Where You Know". We visited Atlanta back in April before we decided to relocate. Other than that our experience and knowledge of the area is limited. We are reaching out to learn more about the Atlanta market and to surround ourselves with local like-minded people!
Last week we started sending emails and began receiving responses and scheduled phone calls with other BP members. All we can say is this community is fantastic!
Reach out Atlanta! We look forward to hearing from you.
--Daniel & Taylar
@Daniel Caraway hello and welcome to BiggerPockets!
First, congratulations and best of luck on your move to Marietta, GA.
Marietta is, I would say, 35-45 minutes north of downtown Atlanta. Very beautiful suburban area with lots of development happening in the area...well, last time I was there which was sometime last year.
You've definitely come to the right place for your real estate investing career. At BiggerPockets, you can take advantage of the free knowledge and resources, network with other real estate investors, and get your deals done correctly here.
Also, I would encourage you to join a real estate investing club in Marietta once you get settled in.
We are happy to help in any way we can. Once again, congratulations, and I wish you all the best in your real estate investing career!
Where are y'all moving from?
A lot of people move in North Atlanta move there for the school districts. If you're trying to rent to families, this can be a huge value-add. From what I know, Cobb County has a wide variety in quality of schools though, so you need to choose carefully if that's a factor in your decision. Schools like Walton, Lassiter, and Kennesaw Mountain are great, but there are also many sub-par ones, too. If you're looking to be close to Marietta, parts of Smyrna are pretty popular right now.
@Daniel Caraway Congrats on the wedding! I love the Marietta area because its close enough to the city to have things to do but it is a quick shot just a few minutes from parks and outdoor space. My office is about a half mile from the Marietta square. Feel free to reach out and lets connect. I could definitely put you in touch with some people and the meetups that I have been absorbing info from a long my journey.
@Jill DeWit thank you for the response! We will most definitely join a local REI club to further build our foundation in the Atlanta market.
Welcome to the BP family! Good to have you here! Here are some recommendations for you:
Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meet
Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts
Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing
Check out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/
Wishing you the best!
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