Augusta, GA for midterm or long term rentals?

Question

Hi all, is there anyone doing midterm or LTR's in Augusta, GA? I'm looking to acquire my 2nd investment. Been hearing Augusta pop up on more than one podcast. I'm out of state, located in Nj. ZHVI shows a 3.3% home value growth. I'm aware that this alone is not the only reason to invest there. For anyone doing rentals there, please share your experiences. If you could also share areas to look at and areas to stay away from.

Thank you

Adrian Wooten · Answer

Hello,

I am currently building a duplex to use for MTR in the Augusta area. Augusta is a good market for MTR due to the low price point and the fact that they have a medical center (multiple hospitals in the same area). They also have nationally ranked MED school and is also the cyber security headquarters for the US Gov't. I live in Atlanta but I have quite a few contacts there (contractors, realtors, PM). If you decide to pursue Augusta and need some boots on the ground I can send you some contacts.

Richard Capers Jr · Answer

I've done LTRs in Augusta for a while now and have enjoyed it. There are still opportunities in the market to hit and slightly exceed the 1% rule. Locations to stay away from is always investor dependent and potentially property management dependent.

There are quite a few investors here working the MTR game and doing very well.  We have a pretty diverse market which has helped this space a lot.  Reach out if you have more questions.