Updated over 1 year ago on . Most recent reply
STR in Atlanta
Hi everyone,
I'm looking for a (STR) property near Atlanta, as I enjoy visiting the city. I'd like to rent it out on Airbnb during the months I'm not using it. My budget is around $150,000, if that's still feasible.
Can you recommend areas close to Atlanta where I might find something within this price range? I assume downtown Atlanta is likely out of reach at this budget, but I’m open to suggestions for nearby locations.
Thank you so much!
Most Popular Reply
@Guillermo P Manso Hey there! With a $150k budget, finding an STR near Atlanta will be tough, even in areas like Hapeville, East Point, or Union City. Most properties at that price point will either need rehab work or have HOA/condo restrictions. Are you acquiring it all cash thats why $150k? If so, you might want to consider using a DSCR loan instead of tying up all your cash. If you're not paying cash, is this a conventional pre-qual for $150k? Just asking because it makes the world of a difference on your approach and where you can acquire a property... You may have to explore areas further south like Macon or west of Atlanta like Carrollton with that budget.