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Updated about 3 years ago on . Most recent reply

User Stats

4
Posts
1
Votes
Mark Gong-Guy
1
Votes |
4
Posts

Purchasing Next Property in GA

Mark Gong-Guy
Posted

I'm relatively new to real estate. Bought a property in Dallas, GA in cash and it's been cash flowing for a few months now (3 months). I have the capital to pay cash (200k) for another property but curious what the market looks like in GA or if I should be looking elsewhere. 

I'm currently using a property management company that only charges 5% and it's been a relatively good experience. Should I purchase another property in GA or look in TN or TX? 

Are there better times to buy (month)?

End goal is to have properties cash flow about 5k (currently at 1.6k)

Thanks for the help and advice!

Most Popular Reply

User Stats

93
Posts
54
Votes
Penny Brown
  • Realtor
  • Atlanta, GA
54
Votes |
93
Posts
Penny Brown
  • Realtor
  • Atlanta, GA
Replied

Stay in Dallas, GA with your other rental...easier on you and the property manager in the long run.  Did a few stats for you from 2020 to 2021.  Average sales price rose 14.1%, Pending sales up 26.4% and closed sales volume went up too. Good location

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