All Forum Posts by: Hersh Shah

@Marco Valles

Congrats on making the decision to buy!

The first thing would be decide on a strategy that many others have said as that will help define your goals and ideal properties.

The second would be getting pre approved with a lender of your choice based on your financials or securing hard money/private lenders that you can work with once you select a property.

While you do step 2, start looking for properties either on the MLS or drive around different neighborhoods that you are interested in.

If you find an ideal property on the market, go see it and determine how much it will cost you to rehab and what the arv will be. If it makes sense, put in an offer based on your numbers.

If it doesn’t repeat step 3 until you find one and get an offer accepted.

If you identify properties not for sale through driving around, try door knocking, cold calling or direct mail to see if they want to sell.

If they do, write them an offer and close on it using one of the ways mentioned in step 1.

Lastly and simultaneously start building your team of contractors that will do the work needed in your rehab.

Book I recommend reading to understand the scope of rehabs is the book on estimating rehab costs by J Scott.

In summary you need to find a solid agent that understands your goals. He/she will introduce you to lenders that can get you approved. From there you can find properties on/off mls.

Secure contractors, start work, rent, refi and finally repeat.

@Avinash Shukla Just sent you a PM.

I am an agent here in Metro Atlanta and work with several newer investors. Would love to help you on your journey!

@Ryan Calomeris I am an agent here in Atlanta and I can tell you that having a license is not required as Brandon mentioned.

Let me know if you need anything else! Happy to help in any way I can!

Hi Kiara,

I would echo what Mitch said about getting estimates from any of the online portals. Though they can be a good guide, they are by no means accurate.

As an agent, I serve the Metro Atlanta market. If there is anything I can do for you, please feel free to reach out. Happy to help you on your journey.

Hi Kenyatta. I am an agent/investor in the Metro Atlanta area. Let me know how I can help :)

That is great advice. Thanks to all that posted. I have started listening to podcasts which is a wealth of knowledge. Will also read Rich Dad Poor Dad, as that is a highly recommended book from quite a few folks. 

Thanks again!

Thanks @Brett Snodgrass and @Dave Visaya! I will be reading the guide real soon. I have already set up keyword alerts to help me connect with people in my area. I am also looking forward to meet people in this community through meet. Cant wait.

What do you guys recommend people like myself that are so new do? Books, videos, etc that will help me gain the knowledge and understanding I want.  

Hello all!

I am new to the community and to the world of REI. I am hoping to learn from you all and apply that to my new passion here in Jacksonville, FL.

It seems that I have certainly found the right community that takes pride in helping other along the way!