inspiring interviews with today's top landlords this is the rental income podcast and now dan lane

jeff you live in a great area to buy rental properties the properties are pretty affordable the rents are

pretty high there's lots of cash flow it makes a lot of sense to invest in your area, but you still chose to invest at a state.

What were you thinking? Like, why not just invest in your own backyard?

Yeah, that's a great question, Dan. So it's probably a little counterintuitive. I live in

Atlanta and the southeast is, you know, widely known as the hotbed of where everyone is

moving to and relocating to.

But honestly, when I started looking for multifamily properties, which is, you know, my

preference is two to four units.

What I was finding in and around Atlanta were really properties that were

not in great areas. So think, you know, lower C class, upper D class. And I didn't want that to,

I didn't want to really focus on that area. I'm looking more for B, you know, neighborhoods that are

B class and above. That's the sweet spot or even, you know, neighborhoods that are B class and above.

That's the sweet spot or even, you know, high C.

But what I found was in New York for the same amount of money, I could get a much nicer property with typically much more space that definitely cash flowed.

And I think that was the big thing, right? Like, again, I know it's

counterintuitive, but New York had the cash flow that was looking for. It's still appreciated

at, you know, typically 3% a year. And that was really the motivation. On the podcast today,

we'll figure out how Jeff built his portfolio. We'll talk about how he found the deals that he bought. We'll talk about how he found a local property manager. We'll take a look at one of his deals and go over all of his numbers. And things haven't been 100% smooth. Jeff has had a couple of challenges along the way. We'll talk about what happened, how he

overcame it, and what he learned from it. Joining us on the show today from Atlanta is Jeff Costa.

We'll take a quick break to thank our sponsors. We'll come right back and we'll talk to Jeff.

It's a lot of work to find a really good rental property. And when you actually find that property, you want to make sure you're working with a lender that can get that loan closed.

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