All Forum Posts by: Zach Evanish

Hi Lee,

Congrats on passing your test. It sounds like you are going about this in the right way. When making offers, etc. just make sure to disclose that you are a real estate agent. 

Yes, I believe you can use the standard CAR form.

-Zach

What markets are of interest to you? 

What turn-key company are you thinking about buying from?

Welcome to the world of real estate investing! What are you short and long term goals. The bigger pockets podcast and community are great places to start. I would starting listening to the podcast today.

-Zach

Exactly! Feel free to reach out if there is every anything I can do to help.

What type of rent/return are you looking for?

It's market specific but I still think real estate has another 3-5 years of solid run-up. There were several years where we had very little construction which has lead to pent up demand. I have been putting my cash into single family rentals in various markets across the country.

$160k purchase price with $1200/month rents is a 9% gross yield which is a bit low but not horrible especially if you think rents and values in that area are headed up. My friends that have gone outside the 1% rule are fine with a lower return because generally they are buying larger/newer homes in higher appreciation markets. 

I think if you run the numbers on the deal above with financing you will see that the return is actually pretty attractive. Home Runs are great but a lot of investors have built really impressive portfolio's with a bunch of singles and doubles.

What type of deals do you have? I know of a company called Blue Mountain Homes that is also looking in the ATL area.

@Anthony Atyeo What price range are you looking in? Most of the properties that fit the 1% or 2% rule are between $60-$200k.  Also, I think the 1% and 2% rule are good places to start but every market is different. I have colleagues that have done very well in higher priced markets buying properties that don't fit this box.