Best appreciation neighbourhoods in Atlanta to purchase rentals.

[Adam Schumacher]

Hello everyone.

I am looking to buy some rental properties in Atlanta Georgia so I need some advice on where I can find below market value deals in up and coming neighbourhoods where i can also get capital gains in a few years. Please advise on these areas!

Are there any better markets out there for rental properties right now at below market value?

Thanks in advance for any advice or direction!

[Annette Coker]

Atlanta has a downtown area - a lot of which is the belt line area. Downtown has many neighborhoods within it. Some good , some bad. The bad ones have major cash-flow as City of Atlanta section 8 pays premium rents.  And you can pick up a home cheap. The better areas you will likely break even depending on your mortgage, and have moderate appreciation. Atlanta was half the price it is now a few years ago. However, we are not up to levels we were at before the big "crash" so there still is potential for capital appreciation. 

In the suburbs, like most cities, the northern burbs are more expensive than the south. You will get more cash-flow the further out you go as properties are cheaper. These homes are OTP ( outside the perimeter ) you get cash flow but limited capital appreciation. Homes inside interstate 285 are considered ITP ( Inside the perimeter ) . Homes don't have the cash flow unless you are in the hood downtown, but do have more capital appreciation. 

Atlanta is a huge place. So many cities/areas/counties/neighborhoods, it is impossible to give you places to look without missing out many many places.  You have to know your purchase price point , and what is most important, cash flow, appreciation, safety, then go from there. Im happy to help if you want to pm me.