All Forum Posts by: Jeremy Kinard

Hi @Jeremy Kinard, congrats on taking action! Biggest step is your first but don’t let that stop you. In this world mistakes are actually more valuable than home run hits right off the bat. I may have missed it but do you own a primary residence, what’s your runway look like and what markets interest you? 

Fail soon, fail often and fail forward my friend!

Ten is a great goal until you're almost there.  It's addictive.  :-) 

I kinda like STRs but they're a niche, so you might want to think in terms of several STRs or none.  Hard road to learn a niche then don't scale it a bit.  Repeat as much as possible including an area of town, an investment strategy, year/make of house, finish level, and all that relates to your target tenant.

Good luck! 

@Jeremy Kinard That's a great goal!  I'd advise going to the local real-estate meetups. There's so much wealth of experience and information from seasoned investors at those meeting. Meetup.com should have a list of REI meetings in your area. You might also be able to find the local meetup groups here on the forums. All the best!

@Jeremy Kinard, congratulations on taking action. The first question I have for you is what investment strategy do you plan to implement? Have you been analyzing properties as traditional LTRs? BRRRR? STR via Airbnb? Rent by the room? House hacking? You'll come to quickly find out that many homes listed on the MLS will be cash-flow negative as a traditional rental. With that said, to successfully invest in the surrounding Atlanta submarkets you'll need to get creative both in acquisitions and underwriting deals. 10 buy and hold investments over the next 5 years means purchasing 2 deals a year. A typical transaction is about 30-45 days. Realistically, to hit this goal you need to be submitting at least 4-5 offers per month in my opinion. Buyer demand has significantly reduced over the past couple of months due to rate hikes, however, the investment space is still very competitive from what I've seen. Moving forward, I would advise that you niche down on a specific investment strategy/class. Otherwise, if you're simply looking for a "deal" this will quickly become a headache and you'll be indecisive when it comes time to submit offers. Hope this all makes sense and helps!