Favorite markets to invest in Georgia or Alabama?
Looking to hear from some experienced long term rental property owners. Those of you who own long term rentals in Georgia or Alabama what markets/towns are you in and why. My partner and I are looking to narrow down what market we will be choosing to buy our first long term rental. Thanks in advance!
Both states are on the rise and booming!
Both Georgia and Alabama affordable housing market and low cost of living make it a great place for beginner investors. A diverse economy and steady growth offers various opportunities for all kinds of investment properties, ranging from vacation homes to house flipping to traditional long-term rentals.
Mercedes-Benz has launched production of the all-electric luxury EQS SUV at its Tuscaloosa County, Alabama plant which will bring lots of employment opportunities.
As a result of reforms, reduced tax burdens and long-term investment, Georgia is emerging as a beacon of stability for doing business at the intersection of Europe and Asia.
I would take these for bullet points when looking into making a decision in which state to invest in:
- * Population Trends. Population trends give a sense of what the overall future housing demand may look like for a city.
- * Economy & Employment.
- * Salary & Income Trends.
- * Price-to-Rent Ratios.
Hope this helps a little in you and your partner making a decision!
Good Luck!
Reach out to @Johnny Lynum. He invests in Birmingham, Alabama.
- Mend Housing
- 210-418-1184
- [email protected]
I was very active for years in Atlanta and now work exclusively in Birmingham AL. I'd love to chat about it. @Johnnie Schneider
GA is rapidly becoming the EV battery state, which should be a point of consideration.
When compared to Georgia, it looks like Alabama falls short. Is this a situation where Alabama has more room to develop and potential for future growth? Georgia has a TON of Fortune 500's. I've been looking into Birmingham specifically, but hard to ignore the economic strengths of Georgia (though I'm not sure if this means B-Ham is a bad choice).
#1 Medium-Term Rentals Contributor
- Investor
- Cottonwood, CA
- 1,536
- Votes |
- 1,708
- Posts
#1 Medium-Term Rentals Contributor
- Investor
- Cottonwood, CA
@Penny Brown we're looking at GA, too. We typically like to be just outside the metro area. Are there areas around ATL you recommend to choose or to avoid? Would love some insights.
Quote from @Bonnie Low:
@Penny Brown we're looking at GA, too. We typically like to be just outside the metro area. Are there areas around ATL you recommend to choose or to avoid? Would love some insights.
Your location depends on your strategy. If you're doing AirBnB, definitely want to stay inside City close to tourist attractions. For flips, look to East Atl. For buy and hold, most of the city/suburbs works, just depends on whether you want section 8 or market rents. But all rents are steady. If you have one in particular you are looking at, I'd be happy to walk it for you and be a second set of eyes.
@Johnnie Schneider Huntsville, AL should be at the top of your radar.
Quote from @Phillip Austin:
@Johnnie Schneider Huntsville, AL should be at the top of your radar.
Couldn't agree more. I have been buying aggressively in the area over the past year or so. Outstanding market!
Quote from @Penny Brown:
Quote from @Bonnie Low:
@Penny Brown we're looking at GA, too. We typically like to be just outside the metro area. Are there areas around ATL you recommend to choose or to avoid? Would love some insights.
Your location depends on your strategy. If you're doing AirBnB, definitely want to stay inside City close to tourist attractions. For flips, look to East Atl. For buy and hold, most of the city/suburbs works, just depends on whether you want section 8 or market rents. But all rents are steady. If you have one in particular you are looking at, I'd be happy to walk it for you and be a second set of eyes.
Awesome thanks Penny, if we find a property that we're looking at in Atlanta ill be sure to reach out to you! I appreciate it
I think northern Alabama has more investors than available properties at this point in time.
Seriously.
Can't speak for the rest of the state, as I've never invested south of Guntersville.
#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Investor
- Austin, TX
- 5,507
- Votes |
- 9,861
- Posts
#3 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Investor
- Austin, TX
Look into Killeen Texas.
