All Forum Posts by: Anthony Fontana

Great question - I get this a lot from clients. As a fellow house-hacker, I wish I looked for houses with in-law suites when I was searching. 

Some pros - these properties tend to get overlooked by investors, they can be located in better neighborhoods, and financing can be easier.

Cons - utilities are a pain (they are almost always on the same meter so you need to bill back utilities), some property management companies will not rent out these units to different tenants (need to find one that has a good strategy for it), access to the in law suite can be challenging if you need to walk through the grass or down a sloped backyard

@Arthur P. yes there are some very cheap condos in College Park and parts of Stone Mountain that I see frequently. With condos this cheap, I'd suggest auditing the HOA meeting minutes (from previous meetings) and bylaws before buying into a condo association. I own a few condos and the ones in better HOAs are the least headache.

Would love to talk further about this strategy.

Check out padpslit.com, I use the platform to rent out 8 bedrooms in my house individually

@Steve J. see if you can put the property on the padsplit.com platform. If you have any questions please reach out, I have a property on the platform with 8 bedrooms.

@Jason Clark you're in a unique situation as we might be heading into a very interesting phase of the real estate cycle. Let's chat!

Hey @Elias Gilchrist I will PM you a good contact.

@Asher Pearl zillow actually has a way to pull raw data for specific submarkets if that is what you're interested in doing.

-go to zillow.com

-navigate to the bottom of the home page and click the "research" tab

-click the data tab at the top of that page

At that point you should be able to pull this kind of data and slice it with excel. Let me know if you have any questions. From time to time I will pull similar data and compare price to rent ratios across the submarkets that I am interested in around greater ATL. 

I believe you should be able to easily pull price per square foot trends etc.

@Rodney Reeves yes you can definitely house-hack a townhome, I have done it twice. You will just want to make sure that there are no HOA rent restrictions that could hinder your ability to rent the townhome when you decide to move out and turn it into a full time rental.

Reach out if you have any questions!

If you are looking for solid long term rental fundamentals (positive net migration, job growth, housing under supply), Atlanta definitely exceeds Chicago in all aspects.

I would imagine that there are some very appealing places to invest throughout Chicago due to the fact that the city has natural borders and can only expand so much. Therefore, a good deal in a good location is hard to replicate in Chicago. Atlanta is expanding in all directions and becoming more and more dense within the inner city, new rental units are being developed every day.

I am in favor of investing in areas where people are moving and jobs are being created. Based on Uhaul's study in 2019, it looks like Illinois was the destination of the least "1-way Uhaul Trips".

https://www.uhaul.com/Articles/About/19965/U-Haul-Names-Top-Growth-States-Of-2019-Florida-Is-New-No-1/

@LaToya Faith feel free to reach out, is it an investment property?