All Forum Posts by: Alec Granger

Hey Abbey, 

Welcome to the BP community and the world of Real Estate Investing!! Do you have an area in mind you are looking to focus on?

Hey William,

I get a high volume of properties around Atlanta, what are the criteria you are looking for?

Hey @Matt Harper,

What are some of the areas you are trying to go to? The Atlanta area has a variety of different markets that can fit a wide range of exit strategies. With the amount of funding you have available you should be able to take on a few projects at a time in the right areas. 

Hey Itay,

If you are looking to invest somewhere in the Georgia, I would recommend to stay in the greater Atlanta Metro area. Of course, your desired strategy can affect which markets would be best for you although. What are you looking to do?

Hey Olivia,

Welcome to BP! Are there any other criteria you are looking for besides being built after 2000? What kind of return are you looking for?

Hey @Ari Pendleton,

Welcome to the BP community. It sounds like you have really dedicated yourself to learning about the RE investing. There is definitely a lot of information out there to digest, and I can tell you from experience it can be very overwhelming. It seems like you are on the right track though! What areas are you focusing on?

Hey @Yash Mirchandani,

Welcome to the BP community! Atlanta is a great place to be right now. How much research have you done about the Atlanta market? Do you have an idea of which strategy you are looking to focus on?

Hey @Joe Smith,

Welcome to the Atlanta area! We work with a couple of lenders that are very reliable. The majority of the time we refer people to Sherman Bridge, however we are testing out a new lender that seems to be very reliable called DFW Lending. They are based in Texas, where my company was also started, and we have done a few deals with them there. We are currently in the process of closing our first few with them in the Atlanta area and they have done well so far. If you're interested, let me know and I can get you in contact with them. 

@Charlene Fetzer No problem! Don't hesitate to reach out if you have any questions!

Hey Michael,

There are a few things that are suggesting the market is turning towards more of a BRRRR market. Just looking at the stats for 30310, which is a zip code that we have done a lot of business in the past, there are a few indicators. First, DOM are significantly higher than last year. In September 2018, the average DOM for this zip code was 7 days compared to 24 days in September 2019. Similarly, total months of supply went from 2.6 in September 2018 to 4.3 in September 2019. Although, it is still a seller's market, this would indicate that the market is becoming more saturated and is slowing down. However, the average rental rate is still increasing. From January 1 to June 1 this year, the average rental rate was $1,291/month. Since June 1 this year until now, the average rental rate was $1,470/month. This is a similar trend that we have observed across a variety of other zip codes as well. Along with increased rental rates, prices are still low enough for the cash flow to make sense. In 30310, the median sales price in September of this year was $234,500. The city of Atlanta as a whole has only seen a 7.8% increase in sales price since this time last year.