All Forum Posts by: Darius Hollis

Be careful to consider market trends in the area. Atlanta is a magnet for businesses and people are relocating here consistently; however look at the trends and you'll notice higher concentrations of buyers and renters moving into the heart of the city, into Vinings near the new Braves Stadium or towards the Decatur area, which is quickly growing. Those areas are attracting a large crowd, while many smaller niche markets are declining. Just make sure you look at some comps and check how long they were on the market so that you avoid buying a property that is going to sit vacant and cost you money to hold for a while. 

Hey Cameron,

There isn't a definite answer as to if renting or flipping is better; each method has its pros and cons. When you're buying an renting a home you can run into difficulties with tenant management and maintenance, which can be extremely frustrating. On the flip side, if you put systems in place for effective management and screen your tenants thoroughly, you can very well supplement your current income with consistent cashflow. 

As far as flipping, it can be a nightmare or you can score big. It all comes down to due diligence and knowledge. The rule of thumb is that you make your money when you buy the house; in other words, it is imperative that you buy the property for the right price so that you can make your repairs and face obstacles and still come out ahead in next to all circumstances. I recommend that if you venture into flipping, then you need to know your market very well and it always helps to have a strong and knowledgeable team behind you. 

Overall, both routes are great investment opportunities. Also, if you're investing in Florida then you can literally make a killing with rentals. The rental market is on fire in growing areas of South Florida. Good luck to you and if you have any questions, please feel free to connect with me.

Greetings @Didi Siani, 

I am a local agent in the Greater Atlanta area with Century 21, InTown. In addition to my normal luxury real estate sales, I am also part of a larger property management team that works with many investors all over Georgia. We are able to provide a variety of services, including leasing, investment analysis and CMAs. Let's connect, I would love to be a resource to help you reach your goals! 

Darius Hollis

Welcome @Gene Grey,

You picked an amazing time to get into multi-family in Georgia. Great to see you building market knowledge to start. I see that you are based in Savannah, is that your focus area? 

@Mike Xiao @Adam Adams South Florida is absolutely on fire right now. I was acquainted with a few investors in the area that are making great returns consistently in smaller less developed parts, such as Homestead; however be weary of parts Miami as its heading towards becoming a crowded rental market, especially in the Downtown / Brickell areas and the bubble will burst faster than most investors expect. At the same time, there are some good opportunities in Miami as well, it's always about proper due diligence.

I would also recommend looking into Atlanta and surrounding areas in Georgia. I am an agent here working with all types of investors. The market is growing at an unprecedented rate as several infrastructure, commercial and luxury residential developments are underway to accommodate the cities increasing presence as an international business hub. If anyone is interested to know more, don't hesitate to shoot me a colleague request and connect with me.