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Updated 2 months ago,
Should I purchase a condo in Atlanta?
I'll be relocating to Atlanta, GA, next year, and I’m exploring the possibility of purchasing a condo in Buckhead. My goal is to live there for around 3-4 years and then potentially rent it out if I decide to move. However, my timeline is flexible, so I could end up staying for a shorter or longer period depending on future plans.
In my research, I’ve noticed that many condos in Buckhead come with renter restrictions, which is causing me to reconsider this approach. As this would be my first property, I’m looking for advice on how to navigate these restrictions to avoid costly missteps. For context, I’ll be starting with an income of around $110,000 per year, and I chose Buckhead due to its proximity to my future workplace but would be open to live in a different area. I also have about $20,000 in student loan debt, though I expect it to be paid off by the time I move. Since I'm still in college, new to property ownership, and unfamiliar with the Atlanta market, I’d appreciate any advice on maximizing my investment wisely.