New to Savannah, wanting to do BRRRR

18 Replies

Bluffton, SC is very solid too. I commute daily to the airport from Bluffton and the drive is much more enjoyable than driving to Pooler.

We are currently in a 1890 sqft  home in picket fences.  Blandford/ebenezer district. Looking to upgrade but keep this as a rental.  What could I get you think and do you recommend a property management company in this area?

Originally posted by @Joshua Austin :

Rincon, Pooler, Springfield, & Guyton are areas outside of Savannah to look into.

 What do you think about rehabbing around west Savannah? that area seem like it will grow in the future because of new plan. and I would love to know someone who is interested in investing in Savannah. 

Hi. I currently have a few buy and holds in Statesboro but looking to get my first rental property in the rincon, port wentworth, pooler or Savannah area. What location can you guys recommend to get started on? 

Gerardo,

I have zero experience with real estate, but hope to be investing in my first buy and hold in Statesboro or Brooklet soon.  I was speaking to a realtor/property manager in Statesboro about investing in the Savannah area and was told that the Savannah is a challenge with cash flow because of higher taxes.  

I am curious to know if you use a property manager in Statesboro? If so, are you satisfied?  

Thanks,

Howard

@Sujan Basnet the areas that are good to invest is east downtown, Southside, georgetown. West Savannah could work if working your numbers right. I recommend not spending a whole lot on the rehab. I heard the States streets are gaining momentum. 

@Johnny Sumner

Since Georgia Southern recently bought Armstrong like Aisha mentioned I foresee that area picking up more traction in the future. Especially if you could focus on student housing, Georgia Southern is expanding as a university and becoming a viable alternative to other big state schools like UGA since those are becoming more and more competitive to get into. Just an opinion.

Originally posted by @Dylan H. :

@Johnny Sumner

Since Georgia Southern recently bought Armstrong like Aisha mentioned I foresee that area picking up more traction in the future. Especially if you could focus on student housing, Georgia Southern is expanding as a university and becoming a viable alternative to other big state schools like UGA since those are becoming more and more competitive to get into. Just an opinion.

 Yea, I can see that. The problem I see is the mall and the kroger shopping center are huge drags on the area and nothing is being done. When those two things get solved it will be a better area but I don't see that happening soon. The Krystals building is not vacant as well. The big lots center is up for sale and has been for years now, not many great options as far as shopping goes either. Personally I don't see the appreciation in this area, especially with it still priced at these high prices.

Johnny Sumner I do understand what you mean. But in my opinion, Kroger's and big lots declined in sales due to the Walmart supercenter being built. Savannah mall has always been in decline for the past 8 years as many shopping malls around America have. Although Krogers has closed, an Aldi was just build. I agree with Dylan, since Georgia Southern has bought out AASU, they will need more housing options in the area since that campus has very few.

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