All Forum Posts by: Richie Choy

@Jingru Sui Those are super strong areas with a lot of great schools. I've got a few in the area and even the past few years of appreciation are great. 

@Andy Zirger there is the monthly one that was held in Buckhead before craziness, and that usually had 100+ people and good speakers. 

I have one TH off Grassdale Rd and it takes me 1-2 weeks to fill. I find that a huge demand driver is SPACE at lower price points. Lots of growing families looking to expand.

When's the next one? Cheers!

Can't make it to this one (business trip), but totally going to the next one.

Anyone alive here? Ended up picking up something in Cartersville and wanted to get connected!

Hello friends, is this thing still going? Would love to re-vitalize. I just got into the area and would love to meet people. 

I would not call it a cash flow market - a lot of parents with kids graduating are moving to Cumming which is also seeing a ton of new development. 

Probably still some specific value-add strategies that people are implementing in that area if you could find those people.

@Bryan Vincent I live in Kennesaw and have been around Cobb County for a bit, it's appreciated a ton in just the past year. I see that the numbers are quite bad as you have SO many large houses that rent for very little e.g. 3000sqft renting at like $1500/mo which is absurd. If you look at the rental listings on zillow it just kinda looks like big money has had a footprint in buying up this inventory and flooding the rental market (takes off tinfoil hat).

I also don't see a lot of MFH inventory - it flies off the market too quickly.

@Julian Jackson what's a successful buy-and-hold strategy in English Ave look like? E.g. buy at $80k rent at $800/mo?

I went to GT a while back and that's definitely an area you stay away from. But at the same time most of English Ave is a designated Opportunity Zone... I'd say it's not a bad one either given it's in a known path of progress (beltline).

@Rick Johnson I looked into AirBnBs in Smyrna for a while - the houses shot up in price over the past couple of years since the stadium came up. Is there a certain part of the market you think would work best?

Looking at 3BR houses, you're looking at $200k+ and after expenses there's not a ton of profit left over.