All Forum Posts by: Haley Thornton

Thanks Tammy and Lee. I'll check out those sites.

Thanks both for the information!  I am actually looking at RV storage.  

What are some good sources you use to pull market data?  Below are specific information I am interested in.  Thanks!

- Demographics

- Income level 

- Communities with HOA

As I start my journey in real estate investing, my first order of business is to narrow down what market to invest in.  

Investment Strategy: Buy and hold for cash flow - SFH or MF

Currently I live in Atlanta.  My initial thought is to set the first property price budget to $100,000 or lower in B or higher neighborhoods.  While Atlanta market is a good investment market, property prices from what I can tell by looking at Zillow are a lot higher.  (mid 200s or higher).  Given this, I was considering perhaps investing in other markets outside of Atlanta.  Mainly, I was thinking of cities that are close to Atlanta that I can drive to in case I need to go to the property such as Birmingham, AL, Montgomery, AL, Macon, GA (smaller town south of GA).

1.  What do you think is better strategy: invest in a market with lower price points so that I can purchase more properties given the same investment amount, or stick with market I live in at a higher price point since I am more familiar?

2.  What resources /articles/books would you recommend specifically on how to assess and evaluate different markets/cities?

3.  It is quite possible my quick search on Atlanta market pricing is off... if so, what areas in Atlanta would you recommend that I look at that would meet my criteria above?

Thank you so much!

 

@Brenden Mitchum  @Marc Brenner  @Jingru Sui

What meeting/meet-ups would you recommend in Atlanta?  I am sure with COVID, it may be virtual but wanted to start at least attending some and listen in.  Thanks!

Do you still hold this meeting? If so, please share how I can join next one. Thanks!

Thanks for the reply! That totally makes sense based on your strategy!

Congrats on your first deal! I am a brand new investor and just in education phase right now. One question... With small multi-family, why did your choose to do commercial loan instead of residential mortgage? I read in the book I'm reading that for small multi, you can do resi mortgage. Thanks!

@Marc Brenner  Thanks Marc for your recommendation!  For the wholesaler list, are there certain ones in Atlanta you would recommend?  Thanks!

@Brenden Mitchum Thanks Brenden for your recommendation! I just ordered the BRRR book and will dive into that. Given you are in Atlanta market, are there certain area that you like for investing? I am in Brookhaven for example and while it is desirable here, the prices reflect that. Thanks!