Updated over 10 years ago on . Most recent reply
New member, Atlanta area
Hi! I'm currently selling my rental property in Alaska in order to purchase investment property here in Atlanta. I inherited my home in Alaska in 2011 and have been renting it ever since. While living in Atlanta, though, I've come to love the area and I see it only getting better every year.
I'm aiming to get one or two units in a transitioning area (I'll have ~$65k to spend, and am focusing on SW/NW/SE areas) with the ultimate goal of building a portfolio of my own here in town. I'd like to rent so that my units are helping to stabilize a community (i.e., don't want to sit on land or vacancies while waiting for the market to turn)--I'm also open to renting low-income/Section 8/Housing Choice Vouchers. I'm looking for advice, deals, mentoring, opportunities. I don't have a ton of cash to invest, I don't know that I'll have this kind of lump of cash again, and I really want to get this right. Bigger Pockets has come up over and over again as I've read online, and I'm excited to join this community.
Most Popular Reply
@Trieste Musial Great intro. You know what you want and why. Sounds like a good plan too.
There are several people on BP who invest in similar properties. @Heather W. is an expert on Atlanta Section 8. Depending on the neighborhoods you focus on, you'll find some more BP buds.
$65k can get you a pretty good house in SW Atlanta or South Decatur. If you can get financing, it can buy you two - three. I'm fond of Historic West End and Adair Park for longterm appreciation and good rent yield. Belvedere Park in Decatur should appreciate steadily.
Good luck!
Rick