I'm heading to Atlanta tomorrow. I'm curious about investment properties around Atlanta. I have two focuses. I'm wondering about getting a good cash flowing property that will hopefully appreciate.

I'm also possibly interested in getting a vacation home that I would stay at part time but would primarily be used as a short term rental.

Would love any insight from the Bigger Pockets community. I think a cash flowing investment property is probably very different from a STR property. I currently own both, investment property with long term renters in Mississippi, and two properties in New Orleans that are legal short term rentals.

I'd like to diversify and Atlanta seems like a great city. Thanks for all your replies!

I would say lean more for the Short Term Rental strategy here. If you are looking for great cash flow from a long term rental, it's really challenging in metro atlanta. That would be my vote. :) I LOVE NOLA - I would love a STR there, but I've always been concerned about the crime issues :( How are things going down there in that regard?

@Stephen E.

If you do not mind being around 30 minutes from the airport, I would suggest you look in the Metro-Atlanta area. It has a lot to offer all types of investors.

Atlanta is pretty expensive. Have you thought about Birmingham?

@Stephen E. Vacations homes are where it's at and you can make so much more typically with a STR versus a LTR. Also you only need to put down 10% instead of the typical 20% or 25%, which is unreal.

Hey @Stephen E.

As others have mentioned, STR is the way to go inside the perimeter or up north in the GA mountains. However, in the Atlanta suburbs, you would definitely want to go LTR since there are a ton of renters in the Atlanta area and a major housing shortage.

Happy to discuss either strategy with you or anything else Atlanta or real estate related while you're in town. Shoot me a message and we'll set something up!

Originally posted by @Brenden Mitchum :

Hey @Stephen E.

As others have mentioned, STR is the way to go inside the perimeter or up north in the GA mountains. However, in the Atlanta suburbs, you would definitely want to go LTR since there are a ton of renters in the Atlanta area and a major housing shortage.

Happy to discuss either strategy with you or anything else Atlanta or real estate related while you're in town. Shoot me a message and we'll set something up!

That's my goal. STR ITP and LTR OTP!

ATL is a great place to invest and cover both points you mentioned; cash-flow and appreciation. I would stay away from short-term rentals - 2020 showed us something we have never seen; regular leases pushed through, short-term got shut down. Vacation rentals are great, if you are thinking you'll use it for yourself as well - otherwise, a regular SFH is a better bet for long-term passive income. You mention BHM - personally most of my SFH portfolio is in BHM, but it only offers one of the 2 pieces you mention. BHM's B class will cash-flow like crazy but you are not going to see appreciation anywhere near to what ATL offers.

I'm doing great around the airport vicinity with long term reliable tenants in single family homes. Further south in Spalding county, I'm having management issues with a multifamily. Any suggestions would be appreciated!