All Forum Posts by: Marcus Guidry

Thank you everyone for the replies. I really appreciate the insight. It's a bit early for me to start legitimately shopping around, but eventually I want to purchase a small multifamily and house hack it. I am currently getting my finances in order (save save save!!), and learning everything I can about the metro-Atlanta areas. 

Hello,

I am interested in learning more about Cabbagetown/Grant Park area. Can anyone offer insight on the current metrics there? I will not be ready to purchase for another year so I'm just trying to figure out how to analyze properties out there. 

I'm looking for things like: demographics, rent prices, purchase prices, etc.. The selling prices I've seen seem to hover between 200k and 300k, generally speaking. Does that seem about right?

Thank you,

Marcus

Hello all - within the next year I plan on purchasing my first investment property. I am currently saving money and building credit. No assets for leveraging. Does anyone have any input or advice on what areas I should begin looking at? I hope to save $15,000, and I am not afraid of taking on a challenge, but I want to steer clear of dangerous or shady areas. Any help or guidance is appreciated. Thank you.

Thank you both very much. The underlying answer I'm getting is "make sure y'all get a good attorney." I'll be sure to search one out and discuss this with my partners. 

Thanks again.

Completely new. I have no properties yet, but I am in the process of teaming up with two others for the purpose of investing in a triplex or four-plex. The other two will be investing more money than me, but I will do most of the managing and networking. My question is this:

Should we form an LLC (in Louisiana) to buy our first property? If we do form one, and we all become 1/3 owners, does that mean revenue will be split into thirds? Or do we decide that? And in simple terms, how would taxes work if we make an LLC?

Any help or advice is greatly appreciated!

Thank y'all, very excited to dive deeper. 

I'm currently getting my MBA, and I hope to move away to a larger city after graduating. Highly considering Texas (Houston? Dallas? Austin?) for the massive business potential it offers, but I have not made up my mind. I intend to invest in, and someday develop, real estate. I don't have the funds to get started right away, so I'm learning all I can so that when I do move away, I'll be as prepared as possible.