Beginner to Real Estate Investments / Atlanta, GA

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Beginner to Real Estate Investments / Atlanta, GA

Andrew Truong
Atlanta, GA · Member since 2019 · 5 posts · 2 votes

Hi, my name is Andrew. I am 23 years-old from Atlanta, GA.  I just recently got into real estate investing after realizing that I don't want to spend the rest of my life working a 9-6 job. I have no real estate background or experience whatsoever. My goal is to gain financial freedom and being able travel where ever and wake up whenever I want to. I truly believe that I can do achieve  by real estate investment.  In this journey, I am focusing mainly on rental houses and properties, but I am still open to other methods as well. 

As of this moment, I am trying to pay off my student loans from my $40k job. I will be done paying them off by April 15, 209. Afterwards, I will be focusing on saving a lot of my money on real estate. I did create a budget on managing my money. I recently open a credit card to improve my credit score, so when I do start investing, I will have the credit to take out loans. I am currently watching Youtube videos and reading the Ultimate Guide to Real Estate document and BiggerPockets content to gain more knowledge. 

I am currently looking towards in investing in Atlanta, GA and Florida. If anyone is willing to give tips or just connect, I am always open to it. Thank you for taking the time to read this!

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  • Amanda G.
    Rental Property Investor · Augusta, GA · Member since 2017 · 825 posts · 278 votes
    7y

    Hi Andrew,

    Sounds like you are taking great steps! I'm down in Augusta. If you ever happen to be in town, shoot me a message!

    0Reply
  • Marisa R.
    Developer · Atlanta and Detroit · Member since 2018 · 601 posts · 821 votes
    7y
    Originally posted by @Andrew Truong:

    Hi, my name is Andrew. I am 23 years-old from Atlanta, GA.  I just recently got into real estate investing after realizing that I don't want to spend the rest of my life working a 9-6 job. I have no real estate background or experience whatsoever. My goal is to gain financial freedom and being able travel where ever and wake up whenever I want to. I truly believe that I can do achieve  by real estate investment.  In this journey, I am focusing mainly on rental houses and properties, but I am still open to other methods as well. 

    As of this moment, I am trying to pay off my student loans from my $40k job. I will be done paying them off by April 15, 209. Afterwards, I will be focusing on saving a lot of my money on real estate. I did create a budget on managing my money. I recently open a credit card to improve my credit score, so when I do start investing, I will have the credit to take out loans. I am currently watching Youtube videos and reading the Ultimate Guide to Real Estate document and BiggerPockets content to gain more knowledge. 

    I am currently looking towards in investing in Atlanta, GA and Florida. If anyone is willing to give tips or just connect, I am always open to it. Thank you for taking the time to read this!

     Atlanta inventory is very low unfortunately

    Start with meeting with the local investor groups, believe there is one in Buckhead, this is a good way of networking and learning

    0Reply
  • Andrew Truong
    OP
    Atlanta, GA · Member since 2019 · 5 posts · 2 votes
    7y

    @Amanda G. Thank you! I will definitely let you know whenever I'm in town.

    0Reply
  • Andrew Truong
    OP
    Atlanta, GA · Member since 2019 · 5 posts · 2 votes
    7y

    @Marisa R. Thank you so much for the information! Is there a link or page for the meet up group in Buckhead?

    0Reply
  • Andrew Truong
    OP
    Atlanta, GA · Member since 2019 · 5 posts · 2 votes
    7y

    @Amanda G. Thank you! I will definitely let you know whenever I'm in town.

    1Reply
  • Michael Ehmann
    Rental Property Investor · Atlanta, GA · Member since 2017 · 126 posts · 110 votes
    7y

    @Andrew Truong

    Welcome!

    If you haven’t already, check out the BiggerPockets podcast. IMO this is the best way to get lots of introductory knowledge. I’d recommend listening to a handful of the earlier podcasts first (pre-episode 100), but you can really skip around in any order you want. Tons of great content and inspiration there.

    I also applaud you for putting yourself in a position of financial strength to start investing. IMO this is the best way to do any investing where you’re having to throw down some serious capital. While I’m recommending podcasts, go check out BiggerPockets Money and ChooseFI. Both have great content about financial independence and may be able to get you where you want to go faster.

    Even if you don’t have capital now, you can offer your time. If you have interest, you could volunteer to help a flipper, property manager, or wholesaler. Also start practicing analyzing deals now. Begin to get familiar with certain parts of town.

    If you don’t own your own home, house-hacking can be a great way to get started.

    Lastly, I highly recommend networking with other folks in the community. There is a large group of investors (usually 50-100, many who are on BP) that meet once a month, usually the last Wednesday of the month. The next meet up is April 24th, The Ivy in Buckhead, 7pm. Here’s the link: https://www.biggerpockets.com/forums/521/topics/692813-april-2019-atlanta-rei-meetup

    Best of luck!

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