Rental Property Investor · Los Angeles, CA · Member since 2021 · 25 posts · 16 votes
Hi guys!
I’m getting ready to purchase my first rental. Looking for a buy and hold property but hopefully it cash flows a bit. I’m debating between Atlanta, GA and Sugar Land, TX. Here are my thoughts:
Atlanta
Pros - potential for growth. Younger crowd. Lots of job opportunities. Prices are a bit cheaper. Lower property tax.
Cons - neighborhoods are not as safe as Sugar Land. Weather might be more unpredictable.
Sugar Land
Pros - very residential. Very nice neighborhood in the Houston area. Also got potential for growth.
Cons- Property tax rate is lower than general TX rate but still around 2.5% so that might eat into the cash flow if there’s any.
It will be a long distance investment for me as I reside in CA. I have connected with agents in both areas.
Anybody familiar with these markets can you please help and provide some insights? Much appreciated!
Rental Property Investor · Atlanta, GA · Member since 2018 · 13 posts · 5 votes
5y
@Vicky Liu Atlanta is great. You have both good and bad neighborhoods. If you are looking for cash flow in the metro area, it’s best to buy a fixer upper in a up and coming neighborhood and hold for a while. Places like Decatur is not a bad idea and depending on the size of your investment old fourth ward.
Real Estate Broker · Houston, TX · Member since 2013 · 187 posts · 111 votes
5y
@Vicky Liu It depends. I've placed medical students in furnished apartments for 90 days to 6 months. But also medical personnel, typically traveling nurses for up to a year. These are all considered corporate leases as most units are furnished. But there are many long term rental clients who need 1yr or longer terms. These tenants are not qualified to purchase for whatever reason and want to be near the medical center. Hope this helps.