General market sentiment for Atlanta
Hi all,
I am an out of state investor who is looking for a location with solid cash flow and decent population growth/appreciation projections. It seems Atlanta fits that mold quite well and is ranked high for cash flowing rentals.
- What are your thoughts on the current market? Atlanta has seen decent appreciation, do you except prices to continue growing or do you foresee a correction in the near future?
- What areas are 'up and coming' and cash flow well that you would invest in? Ideally I would invest in grade B or C areas with good prospects for future development?
- I hear many new companies are moving to ATL and Microsoft recently opened a large branch. Are there any areas near these proposed new companies that are appealing?
- Did you see a decline in tenant demand with Covid? Has it rebounded?
- Any recommendations for RE agents that work well with investors?
- Is the market competitive and favoring sellers as interest rates and supply are low?
- What types of properties do you recommended? Ideally I would get a value add multifamily as I have enough capital and prefer to deal with one property then various SFRs and I can still get a residential loan as long as the property has 4 units or less.
Many thanks for any input!