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Updated 4 months ago, 07/26/2024
What neighborhoods in Atlanta, GA are good for Fix and Flip?
Hello,
Looking to connect with Realtors, investors in and around Atlanta and Suburbs to understand neighborhoods that would be good for fix and flip.
I recommend areas based on three things:
- Budget: Knowing your cash to close helps me suggest the best areas, especially if you're using a hard money loan.
- Rehab Level: Whether you prefer low or major rehab impacts the neighborhoods I'll recommend.
- Market Dynamics: Areas with minimal days on market are ideal, as they predict how quickly your property will sell post-rehab.
In conclusion, start with how much you have to work with and the level of rehab you're comfortable with to find the best areas for fix and flip.
Atlanta has a high entry point and the antiquated houses that will make for those great investments with the 150K+ deal spreads are largely controlled by the wholesalers. Not to mention you are looking at the 200k+ entry and at that entry a deal close to close may run you 75k+.
Quote from @Lateefah Mathews:
I recommend areas based on three things:
- Budget: Knowing your cash to close helps me suggest the best areas, especially if you're using a hard money loan.
- Rehab Level: Whether you prefer low or major rehab impacts the neighborhoods I'll recommend.
- Market Dynamics: Areas with minimal days on market are ideal, as they predict how quickly your property will sell post-rehab.
In conclusion, start with how much you have to work with and the level of rehab you're comfortable with to find the best areas for fix and flip.
What neighborhoods do you see with the lowest days to market?