Seeking advice - where to invest
Hello, everyone! I'm a new investor and I'm in the market to buy a property (single family house/duplex) for long-term rental. My budget is $350k but ideally below $300k. Right now I'm looking at three areas: 1) Wishing Well Hills and Decatur (outside of Perimeter) area, 2) the area under Brookwood school district, and 3) Smyrna area in Marietta. Are there any other areas I should consider based on my budget and purpose?
I'm hoping to buy in a safe neighborhood and an area that is not too competitive for long-term rentals.
Thank you in advance!
Most Popular Reply
Shay Yao, I have found if you can invest within an hour and a half or less away from where you live its much easier to build a super squad of A players that can super scaling a rental portfolio. I would look for $250-400 of cash flow per property in areas that you think have potential to get better. Hope that helps. We invest in properties in Baltimore, MD and have scaled up to a 50 unit portfolio