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Updated over 4 years ago on . Most recent reply

ATL market, who closed on GREAT deals?
Curious to see if anyone from Atlanta found great rental property deals within metro Atlanta in the past few months with current market.
I have been searching around and analyzing some deals but it seems like none of the listings really work right now.
Thank you.
Most Popular Reply

Last couple deals over last few months (note: I'm just a bit outside "metro" ATL in Cherokee and Cobb and Cartersville, but market is just as hot)
- BRRRR PP $122k, repairs 8k, just appraised for 207k (rents for 1.5k)
- BRRRR PP $80k, repairs $500, arv 120k (rents for 1k)
- closing on another BRRRR PP 122k, repairs 3k, arv 190k-200k (rent 1450)
- Just "flipped" a house in Kennesaw. Bought for 78k, just de cluttered for 1.5k, listed on MLS and sold yesterday for 150,500. (house needs about 60-70k which I didn't want to do). ARV probably 230k. Guessing they'll just rent it or they'll try and bump the comps (which that's too risky of a strategy for me).
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All off-market deals I sourced.
As proven by my last deal there, trying to buy on market at 75-80% arv - repairs is impossible. I don't even look anymore.