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All Forum Posts by: Randy Lee

Randy Lee has started 4 posts and replied 43 times.

Post: Any thoughts on the effect of Super Bowl LIII on ITP market?

Randy LeePosted
  • Rental Property Investor
  • Atlanta, GA
  • Posts 43
  • Votes 20

I understand...that's why i wondered if there'd be an impact in parts of Atlanta, considering prices are increasing anyway. I'm not looking to invest solely based on the event, just planning for my existing holdings.

Post: Any thoughts on the effect of Super Bowl LIII on ITP market?

Randy LeePosted
  • Rental Property Investor
  • Atlanta, GA
  • Posts 43
  • Votes 20

@Jeff Copeland Thanks for your response. I wasn't quite clear or sure of the effect either but check out this article from realtor.com. I found it pretty intriguing https://www.realtor.com/news/trends/super-bowl-homes/

Post: Any thoughts on the effect of Super Bowl LIII on ITP market?

Randy LeePosted
  • Rental Property Investor
  • Atlanta, GA
  • Posts 43
  • Votes 20

Hey Atlanta Investors, I am new to BP but have been investing (rentals and few flips) in Atlanta since 2013. I did some research on previous Super Bowls and their effect on the real estate market of the host cities. It appears that real estate of hosting cities that have a lower price point (around 300k and lower) get a nice boost because of the Super Bowl. In Houston for example, many out of state buyers were paying cash for 100k to 200k condos, because it was apparently more cost effective than paying ridiculous amounts for a week's rental. Since inventory has reduced in southside and westside beltline neighborhoods and with all the developments going on, i feel like prices will continue going up at a faster than normal rate. Has anyone thought about or researched this? What are your thoughts about Atlanta real estate trends going into the Super Bowl and up to the end of 2019?