Metro Atlanta investing
Hello BP community. I am small time investor currently in the New Jersey/New York area. My wife and I are thinking about moving to the Atlanta area for lower cost of living and slower pace of life. While there I would like to continue investing in properties. My goal is to buy an 8 unit or more apartment building in a decent area (I would like to avoid low income). I am looking for approximate numbers here: What can I expect to pay for a mid sized apartment complex of about 8 to 10 units? 2M or less? How much in rent can I expect to get for a 2 bed or 1 bed? (if you have areas I should look into with approx rents please let me know).
I hear that the atlanta area is over saturated with investors but I assume i should still be able to find good deals. Please let me know.
I am looking for contacts to help me along the way, including realtors, lenders, etc. Hope to hear from you soon.
Most Popular Reply
I am from here born and raised. I am a CPA that works with investors and developers. If you want a lay of the land when you get here reach out. Anything near Kennesaw State should do well, also north toward Woodstock which is an up and coming area even into Canton will be good. Marietta I think you would do well. I am focused on Paulding (Dallas & Hiram) right now - i think paulding is somewhere in top 10 or 15 fastest growing counties in the country! If you need to know if you are in a good part of town feel free to reach out. Kennesaw acworth marietta was my backyard for 38 years!