Hello BP World!
I am a novice investor just starting my business here in metro Atlanta. I am in the process of trying to pinpoint my farm area and was hoping for a little local insight. I have been interested in two separate locations, and while I'm sure none of you savvy investors want another guy preying in the same woods as you are, I'm hoping someone will be gracious enough to share their opinion. I like the Smyrna area, because of the obvious reasons. The Braves stadium moving there, the mall being rejuvenated, new restaurants popping up. Is there still reasonable deals to be had in the area? Is there any negatives to investing here? I also like Chamblee, because the new mixed use development/movie studio that is slated to go in where the GM plant used to be. My fear there is that it is too early for the area. Thoughts, pointers, insight? I live in Midtown so one area is directly up 75 and the other is directly up 85 about equal distance from me, so the drive doesn't concern me either way. I really appreciate any feedback that you all can come up with! Have a great day!
@Brian Tesmer Welcome to BP. What are you farming for? Holds, Flips, Commercial?
Both areas are good if you can buy at the right price. Smyrna will be tough for a newbie flipper. Not a bad area to hold. You might go towards Mableton. Smyrna is spreading west now.
@Rick Baggenstoss Thanks a bunch for your speedy response! I am looking for flips, not really wanting to hold. I will definitely look into Mableton, I haven't done any research that far out. You being from Decatur, you are much closer to Chamblee. Do you have any feelings one way or another about the area? I really appreciate your time!
Hi Brian and Welcome!
I've had a busy week and somehow missed your original post; but you will undoubtedly find this community quite helpful. I will agree w/ Rick for the most part; however, you will need to be very selective in Mableton. There are pockets (like with most places) where you will not want to invest, because of the time it will take to realize your return. I'm finding good things in Chamblee as well...and don't worry about other investors being afraid of you treading our same waters...we all know there is truly plenty to go around. Don't know if you'd be interested in this, but I know for a fact that "anything" in Sandy Springs is also a great investment, and flips go in a matter of days. Just did one that sold in 6 days! We pulled $29.4k (net) out of that deal, in just 8 weeks. Will be glad to help in any way that I can.
Mableton, Powder Springs, and Austell definitely have a lot more potential than Smyrna when it comes to flipping. You can get nice cash flow returns in any of the cities in Cobb though. If you ever need any help, feel free to reach out! I live in Austell and own a business in Smyrna!
@Cynthia Calhoun thank you for your response! I will definitely do a little investigating around Sandy Springs. I'm very keen on Chamblee, so if you come across anything interesting in that neck of the woods, don't hesitate to drop me a line. Thanks again!
@Allen Thomas I appreciate the info! If I make my way out to the area, I will definitely bend your ear for some insight. Just out of curiosity, what business do you own in Smyrna? Thanks again!
Anytime Brian! I own Rhythmz & Motion Dance Studio and Proyecto Barrio Dance Company.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing