All Forum Posts by: Frankie White

@marisa Rowe 

Thank You  

Hey Tarik. I'm a newbie as well and looking to invest in the Atlantan area. I've heard going to local REI meet ups is a good way to start. Check out the Realestate duru. He's on bigger pockets and have some good videos on YouTube. Would love to do some deals with you in the future.

Hello. I am a newbie here to the Forum, but and I am currently binge listening to the bigge pockets podcast. I am also looking to invest in the atlanta market. What I think Kelsey means is that the prices of houses can only go up so far and the price increases is starting to slow down and will likey start to go down in the next couple of years because of the current economic cycle with schedule increases in the fed interest rate for the next few years. When house prices start to depreciate it’s harder to flip houses and buy and hold becomes a better strategy. I think we are at the top and the bubble will soon burst. We will soon be entering into the era of a buyers market; and that’s where you find more deals.  

Thank you everyone for your advice. I will see if I can find  better deals. 

Hello bigger pockets community. I’m a brand new investor and looking to acquire my first property In the atlanta area within the next few months. My plan is to implement the BRRR strategy by buying, rehabbing, renting, refinance and repeat. My question is after I refinance the house my mortgage will go up and I will have less cash flow to manage the property and I will likely not meet the 1% rule whereby I’m renting the property for 1% of the purchase price or refinance price. I’m hoping the cash flow will be enough to manage the property without going into negative cash flow. Here are the numbers. Purchase price 170K, rehab cost 20K, comps in area 210K. So I’ll be getting about 20K of equity in cash to fund another deal. Rent will be $1500 a month. Refinanced mortage will likely be $1200 a month leaving cash flow of $300 a month to mange the property. Is this how its supposed to be? Is $300 enough to mange a property by hiring a PM?