Lawrenceville, GA · Member since 2015 · 8 posts · 5 votes
Hello All,
I am interested in buying my first home as an investment property. I plan to live in the property for atleast a year. I am aware of a very large recontruction project currently underway in Atlanta, GA and would like to take advantage of the opportunity to get into a home somewhere in the inner city. I have been encouraged to view the Fulton County forclosure list to seek out homes I could pay the back taxes on or to purchase a rent to own in the area. Turner field has been sold to Georgia State University and will be remodeled. I see this as my window get into real estate. I don't mind working at this at all but I simply need some guidance. Any information would be greatly appreciated.
Look into Invest Atlanta. They offer a lot of incentives to purchase owner occupant homes in certain areas of Atlanta and also provide business incentives for opening companies in these areas as well.
Look into Invest Atlanta. They offer a lot of incentives to purchase owner occupant homes in certain areas of Atlanta and also provide business incentives for opening companies in these areas as well.
Use BP to your best advantage and network to get as much info as you can. I was sent this link and found it interesting. I think you are on the right track, good luck. If I can be of any other help let me know.
Thank you Deborah! I will use the link you provided and see if they have any opportunities for me. I currently work for a large credit card processor (Worldpay Inc.) and I believe we relocated to the Atlantic Station area because the company was offered a large incentive to bring their business closer to the inner city.
Thank you as well Scott for the link provided. I will research this information and see how I can use it to better build my strategy for finding my first investment property. I will definitely be reaching out to you!
For a second I didn't think I was going to get a response. This has been a great experience and I will keep you informed. Thanks a bunch!
Sounds like you're starting from scratch. Get a budget together for what you want to spend. Use the budget to guide you into affordable neighborhoods. No point looking in Midtown if your budget is $100k, right?
Once you've narrowed down a few neighborhoods. Go to open houses and start searching with an agent.