I'm just starting my out-of-state investing journey. It seems like ATL has great metrics and market fundamentals. There economy is booming, property prices are low, and there's a strong rental market due to the influx of people.
As someone who's looking for solid B-class break even property to just hold and appreciate, I'm confused why ATL barely gets mentioned here and other places online. Is there something I'm missing about the market? From my understanding, due to population growth, public investment, and economic forces, the city is looking like a strong buy and hold.
I'm just starting my out-of-state investing journey. It seems like ATL has great metrics and market fundamentals. There economy is booming, property prices are low, and there's a strong rental market due to the influx of people.
As someone who's looking for solid B-class break even property to just hold and appreciate, I'm confused why ATL barely gets mentioned here and other places online. Is there something I'm missing about the market? From my understanding, due to population growth, public investment, and economic forces, the city is looking like a strong buy and hold.
Appreciate any insights!
Thanks,
Azzam
Azzam,
Great question. I think Atlanta is a great place to invest. There are two other smaller markets in Ga that are great too. I too have noticed the lower mentions of Atlanta and I am thinking that as prices and rents have stagnated a little bit, everyone wants to look elsewhere. This is typical for this time of year. I always tell my clients that this time of year can be a great time to get a bargain when everyone else is Christmas shopping and talking about football.
Let me know if you'd like to talk more. Just shoot me a message!
Real Estate Agent · Atlanta, GA · Member since 2020 · 1k+ posts · 1k+ votes
2y
@Azzam C., it's the same old story that most markets are experiencing as well. Due to rates and overall market conditions, it isn't easy to source a deal that cash flows unless you implement a creative strategy or put more than 20% down. From my assessment and experience, B-class locations will have negative cash flow (not break even), depending on how you define them.
Nevertheless, while I'm biased since I live in ATL and am a real estate agent, I concur with you regarding long-term growth.
Where do you currently live? Have you ever visited Alatna and/or the surrounding submarkets?