All Forum Posts by: Ryan C.

 Hi Steven,

I apperciate the warm welcomes. Sounds like you are making some good progress. I chose Atlanta as I am originally from the area and know it pretty well. Then after further analysis of the cap rates in the area it seemed to make a lot of sense. 

I am in the process of conducting an RFP with a few property managers using questions I have found on BP and number of other sites. Worst case scenario my family is still there which I can depend on. I found the property on trulia. I ended up beating outhe around 9 offers. I will probably try and stick to this area and the surrounding cities. They all have good rents, schools, and low prices for the most part. As I get more advanced I will move into Atlanta proper. 

I got it for 150k. Gross rent is $1,500, $750 per side. All of the comps in the area range from $800 to $1,200 per side. 

$1,000 per month covers the mortgage, property manager, pest control, vacancies, etc. 

So before I raise the rent I should be clearing around $250 a door. I will most likely rent it for around $950 leaving me in a pretty comfortable spot for the first deal.

 Hi Brandon I actually listen to the podcast on a regular basis. You guys are doing a great job! 

I will be sure you set up an alert for NYC soon.

 Hi Mark.  Funny you ask I'm actually from just outside Atlanta and living in New York. This duplex is in Alpharetta. Let me know if you have any other questions.

Hello Everyone! My name is Ryan I am based out of New York City where I work in the financial services industry.  I am in the process of closing on my first property, a duplex, in the Greater Atlanta Area which is where I plan to focus. Aside from work and investing I enjoy cooking and traveling.