All Forum Posts by: Hersh Shah

Hi @Pratik Jagad 

Atlanta metro is a great opportunity to invest in for cash flowing rentals. My advice would be to look in communities that do not have a rental restriction in place or a high HOA fee that can wipe away what may initially seem to be a great deal!

How you finance your deal will also play a huge part in how much (or really if) it is a good deal. If financing, I would suggest 25% down to make use of the best rates per my amazing lending partners.

As others have pointed out, there are several great areas where you can invest. What you should be looking at exclusively is which area is going to get you the best return.

Hope that helps. Happy to connect!

I would recommend that book to any agent as it has tons of great nuggets that any agent can pick up. I would especially recommend that book to newer agents alongside the MREA by Gary Keller. Little mix of the old school and new school.

Looking forward to the other two books he is writing in the series!

@Jaideep Balekar congratulations! This is so inspiring on the accomplishment alone. Add in the fact you did this is a year...wow, super impressed!

What is next for you?

Hi @Audrey Easton welcome to BP and the world of (soon to be) real estate agent!

It is very competitive for a buyer especially in that price point, but if you have the will you can certainly find the way. Would be happy to talk to you about the strategies that you can use as an investor and future agent to find off market/soon to be listed properties to give yourself an advantage over the public.

Overall, you know what you want, where you want and how much you want to pay which is a great starting point to analyze properties to see what works with your given criteria! Keep it up :)

Hi Mary, congratulations on finding this.

I would ask for the things you mentioned and just get the owner to open up about each of the units to see if there were ever any problems either in terms of tenants or issues otherwise. This will help you better understand what you are walking into.

Also, get an inspection!

Hey everyone! My wife and I are researching more and more about STRs to determine if it is a viable pillar in our overall investment strategy.

We’ve only focused on and building a long term rental portfolio, however we want to explore if STRs are sustainable enough to slowly build that portfolio in addition to long term rentals.

What tools, systems and processes do you use:

To find comparable properties?

To run the numbers to ensure it makes sense?

To make it a smoother turnover from guest to guest?

To make it as hands off and passive as possible?

In addition to that, how are you financing them to optimize cashflow?

Thanks in advance everyone!

@Ahmad Alnafaiee welcome to the community!

Lets connect. I'm an agent as well as an investor with a focus on buy/hold, BRRRR and flips in Atlanta.

Hey @Tom Choi !

I don't believe there is a right answer to the question you asked. Brokerages are in place to help agents grow their agent business and provide support from a broker standpoint. If you are looking to join a brokerage on the sole basis of 'helping' you become a better investor, there aren't many.

Most of your education to become a better investor will come from right here in the community in addition to other podcasts and books. The last place you should rely on to make you a better investor is your brokerage.

That said, I'm with Keller Williams and the founder (Gary Keller) and his team spend a ton of time providing training to build wealth through real estate. That is about as close to what you may find. I wouldn't rely solely on that to make you a better investor though. Just my thoughts.

Feel free to connect if you have more questions that I can help with! Good luck on the exam :) 

@Account Closed congrats on the new construction house hack! You likely wont be needing anyone to fix anything as new constructions are great in terms of no major repairs for several years. Maybe an occasional paint job here and there.

You purchased using a VA loan, which tells me you are a veteran or actively serving. Thank you for your service!

I am Veteran myself so I am familiar with the VA loan process. While you can use the VA loan more than once, there are some guidelines that you need to keep in mind because it isn't as simple as rinse and repeat. Depending on the purchase price, your next loan very well may need to be a conventional with some down payment. Just a heads up.

Happy to connect and share more if needed.

@Hunter Moore welcome to the community!

@Brenden Mitchum made a great point about adding some more details and standing out so people want to connect with you as well. It is a two way street after all!

Happy to connect!