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All Forum Posts by: Evan Parker

Evan Parker has started 29 posts and replied 174 times.

Post: Does Living in a Apartment hinder new investors?

Evan ParkerPosted
  • Investor
  • Atlanta, GA
  • Posts 184
  • Votes 204
Originally posted by @Omar Khan:

@Evan Parker You raise a valid point but before looking for deals, I would urge you to start educating yourself by learning about your preferred market, connecting with investors/brokers/lenders and doing your due diligence.

You can also time your next purchase to coincide with the end of your lease. Either way, I think you're putting the car before the horse... Just learn, start small and you'll figure a way out :)

Oh definitely. That's the play I'm no now connected, and networking and building up that circle. I suppose you're right I'm thinking far ahead. Just kind of hard for me to walk into the fog without knowing where I'm walking. But like they say, "one step at a time".

Post: Does Living in a Apartment hinder new investors?

Evan ParkerPosted
  • Investor
  • Atlanta, GA
  • Posts 184
  • Votes 204
Originally posted by @Brian Medansky:

I would say the first thing to look at is if you would be able to sublease your apartment. If you can, then that basically solves that issue. If not, I would talk to your landlord and just vaguely ask about what the procedure would be if you needed to break the lease.

The part that might hurt you is your lender looking at that fixed expense, but that will be specific to the lender. 

Thanks Brian! Unfortunately in my situation subleasing is forbidden :( so I would have to look into what breaking would look like 

Post: Property Manager or Landlord First rental

Evan ParkerPosted
  • Investor
  • Atlanta, GA
  • Posts 184
  • Votes 204

I would say it depends on what you're trying to accomplish, and your numbers. Would the 10% fee dig into your returns in a way that you cannot deal with? If not, and you still like the return you'll be getting, that may be a great option. 

It frees up time for you to do/focus on other things, and begins the building blocks for you to potentially scale your system easier, build more relationships, and could snowball into new deals through the partnership you'd have with the property management company. 

If the 10% would dig into your returns more than you're comfortable with, go ahead and manage yourself to get the experience, but have the knowledge that this property may always be one that requires your direct attention.

Post: Does Living in a Apartment hinder new investors?

Evan ParkerPosted
  • Investor
  • Atlanta, GA
  • Posts 184
  • Votes 204

I'm just as eager and ready to invest as the next guy, I'm a newbie who's done all of the readings, listenings, meetings, etc. etc. and now it's time to act. 

My biggest concern right now is my living situation. I live in a apartment and I want to know the opinions of the community here on if I'm thinking crazy. I have a fear/concern that I can't seriously consider investing while in an apt, because if something comes up that's a great deal let's say, tomorrow, I would still have 8 -9 -10 months left of my lease at the apartment and would not be able to buy it without a large (for me) 20-25% DP. 

If there is not a viable investment property to move into around the time my lease is up, should I just move anyway into a house? Solely to be rid of the apartment renting cycle? If not, I would risk either having to renew my lease or find another apartment and start back over in the cycle, no? 

Am I missing something? I struggle with seeing how to realistically start while in my apartment. Please help! 

I can't wait to listen to this episode! 

Post: Atlanta REI Meetup (Monthly Real Estate Meetup)

Evan ParkerPosted
  • Investor
  • Atlanta, GA
  • Posts 184
  • Votes 204

Looking forward to attending! Just recently moved to ATL and looking to meet all of you. 

Post: Atlanta, GA- OFF Market Properties

Evan ParkerPosted
  • Investor
  • Atlanta, GA
  • Posts 184
  • Votes 204

Perfect post to find! I'd like to learn more about what you have available Ethan. 

I can be reached at [email protected] for any listings you'd like to send.

Post: Looking for a Duplex - Where are they in Atlanta?!

Evan ParkerPosted
  • Investor
  • Atlanta, GA
  • Posts 184
  • Votes 204

Great thread! I've just recently moved to the Atlanta area from the mid-west (aka duplex heaven haha) so the gems dropped in these responses is just the boost I need to learn more about the new city! 

Post: New near Atlanta, GA

Evan ParkerPosted
  • Investor
  • Atlanta, GA
  • Posts 184
  • Votes 204

Welcome Robb! 

I'm about to relocate to ATL myself in the coming weeks, with the same focus that you have in multi-families in that area. 

You've got the right idea! 

Post: What are your best "hacks" as a landlord?

Evan ParkerPosted
  • Investor
  • Atlanta, GA
  • Posts 184
  • Votes 204

Love this post, as rental owner that's newer to the game this will be extremely helpful to think of before I get too deep into situations!