For those of you who are familiar with the Atlanta market, what is your opinion of 30066 as a potential neighborhood for an investor who wants to buy in an area with great schools and a relatively easy commute to good jobs?
That's a great area. I would buy there.
I agree. That's a good area.
Thank you both so much for your replies. We are beginning to explore the idea of investing there and are ready to start to put an expedition team together. We are mostly concerned with putting a high quality team together from the start so that we can minimize the prospect of running into challenges later. In my experience the realtor/property manager role has been critical as they are a liaison for many other team members and someone the investor speaks to frequently. We want to begin to search for this person now so that we may get to know them and build a relationship with them first before buying. Would either of you be willing to to point me in the direction of one?
Patrick, Atlanta is a huge market and while you're looking at a good area, it would be more important for you to start by building a good team. Start by talking to Realtors and other RE professionals on the ground here and BP as a resource will be a huge help.
Your best move is to plan a trip where you can meet at least 20 different people or companies who can be of service specifically to a distance Investor like you. Five working days will be enough to cover everything.
It will come down to the kind of investing you want to do and the kind of returns you wish to see. You picked a great city for it, but like all big cities, it can be tough to get started.
Best of luck with it.
Welcome to BP! 30066 is Marietta GA which is in Cobb County. Lately, there has been a lot of activity in the zip code for several reasons (more people moving to Atlanta, new Braves stadium http://www.cbs46.com/story/26545193/new-atlanta-br..., good schools) which has caused the Median prices of homes to go up for example the Single Family Residence prices trends are below
Median Prices in Oct 2013 for Single Family Homes was 165,000
Oct 2014 for SFR was $194,000
Median Sold price currently stands at- $232,500
Average sold to OLP (original list price) price is - 93.7%
So basically the prices are going up in the ZipCode. Also you may want to look at the city data http://www.city-data.com/zips/30066.html that will give you more insight on the neighborhood.
Hope this helps.
Another thing make sure to set key word alerts for Marietta, Cobb etc http://www.biggerpockets.com/renewsblog/2012/12/19...
So you can get any latest events happening in you farming area.
I'm currently looking at this area as well. I live right in the middle of it, too.
Good luck with your investing!
Thanks everybody for your replies! We are going to begin to explore establishing a team in the area to evaluate its potential.
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