Georgia, Alabama, or Tennessee buy and hold

[Cory Eldredge]

My wife and I currently have 3 rentals in our home state of Utah. We are looking to purchase our first out-of-state rental property in the next few months. We have looked at markets in Atlanta GA, Birmingham and Montgomery AL, and Memphis TN. We’ve mostly looked at these markets because I travel to each a few times a year so there’s some familiarity. I would love to hear from those who have experience in these areas or any other possible markets I should consider. Thank you.

[Curtis Rouse Jr]

@Cory Eldredge

Welcome to BP!!! So I live in the Atlanta market, but do not invest here because of the compressing cap rates and minimal cashflow. In Georgia I invest and mainly look in the Middle GA areas like Macon and Warner Robins where I see better cashflow, but not as much appreciation on the back end. Like yourself, I have also looked in the Birmingham and Montgomery AL areas where I have found similar returns like in the Middle Ga areas. Another area I would add to your list is Greenville/Spartanburg SC as this market has really been developing over the years and I'm seeing great returns here as well in this rising market. I hope this helps and Best of Luck!!!