North Atlanta

[Adam Treece]

I am a new investor (I use this term lightly as I have not invested anything but time to learning yet) looking to get into multifamily houses.  After doing a lot of research and reading, I have concluded that I would like to get into the north Atlanta market.  I was looking at Marietta or the Sandy Springs area, as I see both areas as having some good potential in the years to come.  Is there anyone currently investing in those markets that would have any advice for me?  I am at the point where I would like to start getting my ear to the ground and get to building some relationships.  It is time to move forward on this, but did I mention there is a kicker....I will be investing from Japan.  Anything you've got...I'm all ears.  Thanks again.

Adam

[Darrell Shepherd]

Those are my markets, but I don't do buy and hold.  Not many small multis in either spot.  Marietta is pretty big so does have some rental spots and some older duplexes and triplexes here and there, but not a lot.  Sandy Springs will be nonexistent I would think.

Just did an FMLS search, there's 15 in Marietta, 0 in Sandy Springs currently listed. The ones in Marietta are pretty high GRM's.

You need to find a good property manager and great real estate agent if you are buying from Japan. The higher end SFR stuff will be low touch and you could do that stuff from there. I wouldn't be buying in lesser areas from overseas, they require too much attention. If you buy in neighborhoods where there arent many rentals, especially in the better schools, you'll get less cash flow but more appreciation and less tenant headaches. Multis it'll depend greatly on what you buy..