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Updated almost 3 years ago,
Dallas/Ft vs. Atlanta, which one do you prefer?
Hey everyone,
I'm planning on purchasing two single family homes to rent this winter but am unsure of where to buy. I plan to visit both areas in December/January but it would be ideal if I could narrow my search down to one city before then. My plan is to purchase a total of 5 properties within the next 3-5 years, all in the same area. I'm looking to spend between 150-160k total for the first two properties, including 70k in cash.
I'm leaning towards Dallas because of the high percentage of renters, its higher population, and because it has lower unemployment/vacancy rates. Atlanta is closer to me though and seems has more properties in my price range. I'm kind of torn because I'll likely purchase more properties in the area and want to start out on the right foot.
I'm also looking for a mentor in the area I choose who'll can help me through the whole process. I'd be happy to compensate you for your time.
ty!