Atlanta, GA · Member since 2018 · 5 posts · 2 votes
Atlanta investors - where have you found the most recent success with buy and hold investing? Currently looking in East point, west end, Lakewood, and south Dekalb. Any advice on the above? Or different neighborhoods to look into?
Real Estate Agent · Atlanta, GA · Member since 2017 · 86 posts · 71 votes
6y
@Kate Haller these are good options. I'd be cautious in a few of those neighborhoods, specifically due to crime and median income. I just PM'ed you, I can walk you through the whole process that me and my company use when we're screening an neighborhood, down to the block-level.
Real Estate Agent · Atlanta, GA · Member since 2017 · 86 posts · 71 votes
6y
@Kate Haller these are good options. I'd be cautious in a few of those neighborhoods, specifically due to crime and median income. I just PM'ed you, I can walk you through the whole process that me and my company use when we're screening an neighborhood, down to the block-level.
Investor · Alpharetta GA · Member since 2019 · 17 posts · 11 votes
6y
Hi Kate,
I like the areas you mentioned. If you are already looking at Westend, I'd go a bit more to the west towards Florida Heights which is a very nice area and houses are still at reasonable prices and provide good ROI.
You can also find good deals in South Atlanta (Pittsburgh, Adair Park) and if you are looking for foreclosures around Summerhill, you can get excellent ROI since rental prices in that area are very high.
In regard to South Dekalb, I like Candler-McAfee area and Belvedere Park (although in the later the prices went up drastically in the past few years).
Realtor · Atlanta, GA · Member since 2018 · 139 posts · 90 votes
6y
Hi @Kate Haller - based on what I've observed in the market trends, I would personally avoid a majority of East Atlanta, particularly the area around South Dekalb. Cheap flips are a dime a dozen there and that market hasn't particularly shown strong appreciation. On the contrary, I think almost all of the Westside neighborhoods could be a good buy and hold opportunity if purchased right. However, it's important to be careful and not fall victim to over-inflation caused by the area's rapid development.
Have you considered any of the Northern Suburbs? Particularly the I-75 corridor. Cobb County (Acworth, Mableton, Historic Marietta,etc), Cherokee County (Woodstock, Canton, parts of Alpharetta, etc), Bartow County, Floyd County, etc?
These areas are becoming extremely attractive to investors, due to the shortage of affordable housing and the strong demand caused by the blue-collar workforce employed by the area's factories and plants.
@Chad Carrodus East Atlanta is how right now especially near the Village, we don’t consider that South DeKalb
My bad, I wasn't being clear. I meant more so meant the entire eastern side of 75/85 - not EAV in particular. But even EAV I wouldn't recommend for buy and hold. Great for flips because prices are high, especially for turnkey.
Investor · Decatur Atlanta, GA · Member since 2011 · 611 posts · 232 votes
6y
Decatur 30030 and 30032 and East Atlanta 30316, both still have a lot of appreciation potential on the rental and flip side. Both have been good for me for both flips and buy & hold. Low vacancy, good tenant profile, low crime rate. It may be a bit more difficult to find deals now but I wouldn't rule out an entire area depending on your investment strategy and anticipated ROI.
Investor · Atlanta, GA · Member since 2018 · 65 posts · 37 votes
6y
@Anthony Fontana Would you mind sharing that information with me as well? I was just pre-approved and am looking for a MFH inside the perimeter to house hack.
Seattle, WA · Member since 2016 · 8 posts · 1 vote
6y
@Anthony Fontana Hi I would also be interested as well. Seattle investor looking to get my first out of state rental property in either Atlanta or Cleveland.
Investor · Atlanta, GA · Member since 2017 · 23 posts · 10 votes
6y
ATL Westside investor here. All my properties are in various neighborhoods in 30310, and 30314. West End is increasingly pricey, but it's a good area. It's too pricey for my particular BRRR model, but there's still deals to be made. At this point it has name recognition, so finding value there is increasingly difficult.
I spent the last 8 years on the Eastside (Candler Park, Reynoldstown) before recently moving to one of my investment properties on the westside late last year. Some of what I'm seeing in the Westside reminds me of what went down over there....albeit years behind with respect to amenities. Nevertheless, it's where young professionals who are priced out of those Eastside 'hoods are looking. I work in tech, and my peers are going west. they offer the same proximity upside as the eastside, and for this cohort of homebuyers in town living is a priority.
Lakewood is more speculative. Plenty of inventory of prerehab houses, questionable demand for finished homes, IMO.
Neighborhoods of interest are Pittsburgh, Mechanicsville, Sylvan Hills, Capital View, Capital View Manor, Westview.
Depending on your tolerance/ appetite for transitional hoods there are other options.