All Forum Posts by: Thomas Whittlesey
Thomas Whittlesey has started 2 posts and replied 11 times.
Post: What is a fair annual rent increase based on inflation alone?
- Rental Property Investor
- Athens, GA
- Posts 11
- Votes 1
Thank you for the feedback everyone -- much appreciated!!
Post: What is a fair annual rent increase based on inflation alone?
- Rental Property Investor
- Athens, GA
- Posts 11
- Votes 1
Just looking for some feedback on rules of thumb for annual rent increases. Is 2-3% fair?
Post: How is North Atlanta Market?
- Rental Property Investor
- Athens, GA
- Posts 11
- Votes 1
Originally posted by @Kevin Tran:
@Thomas Whittlesey Atlanta is still developing all within the perimeter. Areas near Pittsburgh yards are appreciating especially pockets like West End and Adairs Park. Feel free to pm me if you have more questions.
Very helpful! I'll check those out. Thank you Kevin
Post: Good areas for investing in Southeastern states for under $100k?
- Rental Property Investor
- Athens, GA
- Posts 11
- Votes 1
Originally posted by @Bill Goodland:
Originally posted by @Thomas Whittlesey:
Thank you for the feedback Bill. Sound advice, as I don't have a wealth of resources/capital for long distance right now. I am new to the South Atlantic and RE investing, though I do have two doors under my belt in CT where I have a better network. Just out of curiosity, seeing as you're a PA man, would you recommend any submarkets in Philly or Pittsburgh. I heard they were strong. Thanks again for the help!
Post: Good areas for investing in Southeastern states for under $100k?
- Rental Property Investor
- Athens, GA
- Posts 11
- Votes 1
Originally posted by @Georgui Kasaev:
@Thomas Whittlesey Thank you for your question and welcome. I also live and invest in Athens Ga. You are quite correct that the product that is currently on the MLS does not pass muster when one starts crunching numbers. There are however still deals on the table one must look for a different approach to get those deals. I have been looking at New Port Richey in FL as a potential place to invest. And the Mexico Beach are in Fl as well. Good luck. Message me if you would like to talk more in-depth about the Athens are market.
Thank you Georgui. I was also starting to look into some markets in FL. I will message you and hopefully we can connect at some point. Thanks again for the feedback
Post: Good areas for investing in Southeastern states for under $100k?
- Rental Property Investor
- Athens, GA
- Posts 11
- Votes 1
Originally posted by @Ryan Hamm:
Hey Thomas,
I live and invest in the Athens area, as well. What kind of price/rent ratio are you looking for?
Hi Ryan, I would be trying to find something close to the 1% ratio, which it seems is very hard to come by around here, unless in a Class C or less neighborhood. Do you invest in the area yourself? I would likely be trying for the BRRRR strategy with fixer-upper SFRs or MFRs in a target range of $80-150k purchase price and a $150-200 ARV. It would be nice to work in "my own backyard," but it seems to be such a distinctly seller's market here, that I don't see it working at this time. Any suggestions are welcome.
Post: Good areas for investing in Southeastern states for under $100k?
- Rental Property Investor
- Athens, GA
- Posts 11
- Votes 1
@ARTPERKITNY
Thank you Art! I love your QuantMaps tool -- very helpful. Can you analyze specific neighborhoods or zip codes within larger cities, like Pittsburgh for example? I ask, because the overall city-wide metrics may not be initially attractive to an investor, but a particular neighborhood/zip code within a larger metro area could be attractive...
Post: How is North Atlanta Market?
- Rental Property Investor
- Athens, GA
- Posts 11
- Votes 1
Seeing as this thread is about 3 years old, and it sounds like North Atlanta is well-developed, can anyone speak to any other neighborhoods in Atlanta with good price/rent ratios? Which neighborhoods are "turning" in the path of the beltline line of development?
Post: CAP rate in the area
- Rental Property Investor
- Athens, GA
- Posts 11
- Votes 1
Thank you for the information Georgui. I'm not finding the price/rent ratio to work well around here. Have you any experience with Atlanta or other Southeastern areas?
Post: Good areas for investing in Southeastern states for under $100k?
- Rental Property Investor
- Athens, GA
- Posts 11
- Votes 1
I'm a relatively new investor, currently living in Athens, Georgia. The price/rent ratio doesn't work in this area, so I was looking to see if anyone could speak to any gentrifying cities/towns in the Southeastern states that are proving good cash flow and have some properties under $100k purchase price preferably. Thanks in advance!