Relocating to Georgia - Licensed Agent/Investor

[Tk Dugan]

Looking for some local legend's thoughts on the new dev (townhomes mostly) that's been sitting. One strategy of mine is to MTR (I'm getting my interior design license as well currently and will have the business up soon). Wondering if the markets already tapped out. If I have all the cash private lender and plan to refi 6-9 months out... I hear costs of labor currently are not ideal for BRRR... any major opposing thoughts?

Areas of interest: 

- Midtown, Old Fourth Ward

- Cabbagetown, Reynoldstown

- Grant Park

I have many segments/strategies prepared but am curious about this in particular one for these areas :D. Thanks in advance. 

[Rick Baggenstoss]

Depends on the townhome, but it's probably too pricey to cash flow.  More importantly, you'll likely see no appreciation from a new townhome -- one of the great reasons to invest in Atlanta.

Use your design sense to add value vs. buying turn key.