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All Forum Posts by: Rachel Leonard

Rachel Leonard has started 4 posts and replied 106 times.

Post: Newbie in Atlanta, GA

Rachel LeonardPosted
  • Investor
  • Atlanta, GA
  • Posts 112
  • Votes 15

Welcome to BP Michael Nash. I'm also in the Atlanta area and looking at buy and hold. If you're looking for extra income in your retirement then I think this is a good strategy. In addition to learning from this site, I'd also look at joining a local RE investors club so you can network with other Atlanta investors.

Post: Any good property management recommendation in the Northside of Atlanta?

Rachel LeonardPosted
  • Investor
  • Atlanta, GA
  • Posts 112
  • Votes 15

James Park I can't help as I don't yet own any rental properties in Atlanta but try messaging Ali Boone (I remember her mentioning that she had a good PM in Atlanta - don't know the area though). Have you also tried speaking to any landlords at local REIAs?

Post: What does it take to be a full time Real estate investor

Rachel LeonardPosted
  • Investor
  • Atlanta, GA
  • Posts 112
  • Votes 15

J. Johnson It's worth owning properties in England (good cashflow and appreciation if you buy in right area). Australia is not such a great proposition as the $ is high and cashflow is not a top priority (investors buy more for appreciation). They didn't get hit by the GFC so not a lot of bargains to be had.

Post: craigslist success stories

Rachel LeonardPosted
  • Investor
  • Atlanta, GA
  • Posts 112
  • Votes 15

Ryan Young I only spend max 2 hours a week trolling CL for deals (and not every day). In my area there's a lot of rubbish being advertised (and quite often from out of state). I spend more time advertising for motivated sellers.

Post: Greetings from Atlanta!

Rachel LeonardPosted
  • Investor
  • Atlanta, GA
  • Posts 112
  • Votes 15

Welcome @Elizabeth Davis. I'm also in the Atlanta area and busy finding funds for my next rental. Message me if you want to chat some time.

Most of my buyers come from the local REIA. I've met them all face-to-face and I know they are serious buyers who are currently looking for property in my local market. Most of the time I didn't even have to go looking - if you show up to meetings quite often these people will make themselves and their requirements well known.

Post: Greetings from the wilderness!

Rachel LeonardPosted
  • Investor
  • Atlanta, GA
  • Posts 112
  • Votes 15

Travis H. Welcome to BP. I live in Atlanta (the suburbs not the wilderness - although I have 3 kids 4 & under so sometimes it feels like the wild!).

Good luck with your house situation. I can understand how you feel about wanting to be closer to town. I've lived in London and Singapore so I start feeling overwhelmed if there's too much nature around.

Post: What does it take to be a full time Real estate investor

Rachel LeonardPosted
  • Investor
  • Atlanta, GA
  • Posts 112
  • Votes 15

I have buy and hold properties in Australia and London and I'm currently living in Atlanta so I'd say that you can work from anywhere in the world and have properties in a different location. I'm looking to buy some more in the US but may not be here long-term.

You will need to have a good property manager in place but with the internet and e-mail I can do most of my business online (which consists mostly of communicating with the property manager and making sure bills are paid).

Post: Newbie in Metro Atlanta

Rachel LeonardPosted
  • Investor
  • Atlanta, GA
  • Posts 112
  • Votes 15

Hi Joseph,

Welcome to BP. I'm in Atlanta too - seems to be a few of us on here.

I would also recommend networking with other investors at REIA clubs in Atlanta (I belong to one and try to go a couple of times a month). It's a great way to keep up with what's happening in the local market.

Also try to listen to the BP podcasts. I download them and listen while I'm driving.

Post: Initial Intro to Sellers

Rachel LeonardPosted
  • Investor
  • Atlanta, GA
  • Posts 112
  • Votes 15

Hi,

I've come across lots of BP posts on scripts used with potential sellers and questions to ask. I understand that it's all about them and their situation, therefore, lots of questions and listening are key. What I'm not too sure on is how/when we should talk about ourselves and what services we can offer.

A few weeks ago I spoke with a potential seller (responded to a direct mail letter) and I asked lots of relevant questions (I have a list I work from but not a script as such). While critiquing myself afterwards, I didn't feel like I sold my service well enough.

How do you introduce what you do in the initial conversation?

Thanks in advance.