I am from Baltimore, MD and for a lot of reasons, investing in MD just isn't possible for me. The houses around here in ok areas start at 400k, nevermind nice areas, and the taxes here are brutal. Now, I had heard for some time that the atlanta metro area was a great place for investment. I read that the competition in the counties north of atlanta was bloodsport even before the pandemic, so I'm not even going to bother looking there right now. As per everywhere else around atlanta, every BP thread I found on it is about 2 years and 100k-200k out of date. Would counties south of atlanta be viable for investment if my budget is 150k-200k, and I am looking for turnkey? I would not be buying cash.
Like so many others, you might be a little late to the Atlanta investment party. Especially, with the criteria you have outlined.
As an agent and investor in Atlanta, take it from me, the days of picking up a turnkey property sub $200k in any area within the metro are over. I would suggest Columbus or Augusta for that type of investment.
Something turnkey in going to run you a minimum of $250k and this is for the south side of Atlanta, out by the airport. Anything closer to the city is going to cost a lot more. Now, a lot of people hear bad things about the south side. I actually live in the area so here’s my take.
Many of the people living on the South side are here because of being displaced and priced out of other markets due to gentrification. My kids attended public schools here and frankly this is one of the biggest downfalls of the area. The county is working to change things around, but it will take some time.
However, Woodward Academy, a very prestigious private school is located on the South side, which provides a great alternative. There are multiple charter schools in the area as well.
Additionally, there is a lot of economic development going on in the area as well. The city of college Park is developing a mini downtown Atlanta. The project is called Six West. Look it up.
There are still deals to be had in Atlanta, it will just take some time and you might have to be flexible on your criteria.
Feel free to reach out any time. I’m always to help anyone looking to invest in my city.
Hey Jack, I am a realtor in the atlanta market. Reach out and let's discuss your investment objectives and I will help point you in the right direction at the very least.
Like so many others, you might be a little late to the Atlanta investment party. Especially, with the criteria you have outlined.
As an agent and investor in Atlanta, take it from me, the days of picking up a turnkey property sub $200k in any area within the metro are over. I would suggest Columbus or Augusta for that type of investment.
Something turnkey in going to run you a minimum of $250k and this is for the south side of Atlanta, out by the airport. Anything closer to the city is going to cost a lot more. Now, a lot of people hear bad things about the south side. I actually live in the area so here’s my take.
Many of the people living on the South side are here because of being displaced and priced out of other markets due to gentrification. My kids attended public schools here and frankly this is one of the biggest downfalls of the area. The county is working to change things around, but it will take some time.
However, Woodward Academy, a very prestigious private school is located on the South side, which provides a great alternative. There are multiple charter schools in the area as well.
Additionally, there is a lot of economic development going on in the area as well. The city of college Park is developing a mini downtown Atlanta. The project is called Six West. Look it up.
There are still deals to be had in Atlanta, it will just take some time and you might have to be flexible on your criteria.
Feel free to reach out any time. I’m always to help anyone looking to invest in my city.
I agree with @Canesha Edwards comment. I was able to get a client into a turnkey home for airbnb at $220k last year, but at this time $250k would be the threshhold.
If you were willing to look just outside of the city, College Park, Decatur, and East point are areas that may work. More than happy to connect live to discuss further.