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Updated over 7 years ago on . Most recent reply
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Multi Family in Atlanta, GA--where is a good investment location?
I have a friend who is interested in investing in a multi family in Atlanta, GA. Can anyone tell me what areas are good investment areas to search in?
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Personally dislike questions like this. There are far too many variables. What are you looking for?
If you want good responses structure your question like this:
I have a friend who is looking to purchase a 5-20 unit multi-family property in Atlanta and has $1MM in equity. He/She is looking for strong cash flows and is ok with a B class property, but would not like to own C class properties. What areas offer cash flow, but are not in bad areas?
Obviously tweak to your specifications because my current answer now is "anywhere". To give you more general advice, the good neighborhoods are midtown, virginia highland, buckhead, linbergh. More up and coming neighborhoods are west-midtown (I live here), old 4th ward, cabbage town, etc. Go look at prices, crime maps, etc. and you'll get a feel of Atlanta.