Looking to get started in Atlanta

6 Replies

Hi All, I am somewhat of an experienced investor. Have done few dozens of value added Buy-hold residential. Will like to get started in Atalanta, Georgia market. What will be the best way to find a local, Investment knowledgeable agents? Thoughts?

Also, what are your thoughts about the City? Any particular area good for long term buy-and-hold?

Hey @Rudy Manna

Posting on BP is a fantastic way to find some of Atlanta's many awesome investor-minded agents. I am sure you will be up to your neck in responses from them by the end of the day!

Personally, I love the Atlanta area. Being from California, I did not expect to ever find myself in GA but now that I am here I won't be leaving anytime soon!

On a less personal level, everything you hear about Atlanta is true in terms of growth and market resilience. Our strength comes from the incredible job and demographic diversity here. Atlanta is not just one huge market but rather a ton of submarkets (and even smaller sub-submarkets!). This can be a blessing and a curse for someone looking to get started here as it can be quite overwhelming. However, as long as you have your criteria straight, which it sounds like you do, you can quickly narrow in on the right markets for you. 

If you're playing the long, stable game, I recommend looking in Gwinnett and Cobb counties. Cherokee and Bartow are solid long-term plays too. Henry County is also a decent long-term play, as well as having a greater capability to find cash flow now. Clayton County is similar in this regard but a little more risky and management intensive. However, since Clayton is very hyperlocal, you can still find some great neighborhoods.  

Hope this helps a bit. Please feel free to reach out to me anytime if you have other questions or just want to chat about ATL!

@Rudy Manna Have you visited Atlanta? Most Atlantans at least divide the city as ITP and OTP -- inside and outside the perimeter. It's a dividing line between the city and suburbs. The city has grown quickly over the last 20 years and is sprawling to say the least. This is important because you'll want to pick an agent that works the areas where you're mostly likely to invest.

THanks for the encouragement..How was luck with creating equity and cash flow..It will be greatly useful if you can share couple of sample recent deals..

Thanks again..

Originally posted by @Brenden Mitchum :

Hey @Rudy Manna

Posting on BP is a fantastic way to find some of Atlanta's many awesome investor-minded agents. I am sure you will be up to your neck in responses from them by the end of the day!

Personally, I love the Atlanta area. Being from California, I did not expect to ever find myself in GA but now that I am here I won't be leaving anytime soon!

On a less personal level, everything you hear about Atlanta is true in terms of growth and market resilience. Our strength comes from the incredible job and demographic diversity here. Atlanta is not just one huge market but rather a ton of submarkets (and even smaller sub-submarkets!). This can be a blessing and a curse for someone looking to get started here as it can be quite overwhelming. However, as long as you have your criteria straight, which it sounds like you do, you can quickly narrow in on the right markets for you. 

If you're playing the long, stable game, I recommend looking in Gwinnett and Cobb counties. Cherokee and Bartow are solid long-term plays too. Henry County is also a decent long-term play, as well as having a greater capability to find cash flow now. Clayton County is similar in this regard but a little more risky and management intensive. However, since Clayton is very hyperlocal, you can still find some great neighborhoods.  

Hope this helps a bit. Please feel free to reach out to me anytime if you have other questions or just want to chat about ATL!

 

Yes..i visited couple of time..In general, it felt like the city fits for value added buy-hold rental investment..
What do you do? flip or buy and hold? 
How hard the deals to come by? regular MLS or wholesaler?

Originally posted by @Rick Baggenstoss :

@Rudy Manna  Have you visited Atlanta?  Most Atlantans at least divide the city as ITP and OTP -- inside and outside the perimeter.  It's a dividing line between the city and suburbs.  The city has grown quickly over the last 20 years and is sprawling to say the least.  This is important because you'll want to pick an agent that works the areas where you're mostly likely to invest.  

 

I flip and hold. I've made half my purchases off of MLS. This year all off market - word of mouth. Haven't purchased from a wholesaler in awhile. Every once in awhile, I find a good wholesaler and we do a handful of deals together. It's been a couple of years. No one way is the right way. MLS is not the wrong way, but I always have to be super quick (hours, no DD, work directly with seller's agent) OR I pick up tired listing that I get deeply discounted.

Another question, what will be the best way to get connected to local wholesalers? Are there virtual meet-ups etc.?