Flips or Rentals in Atlanta (30310, 30314, 30318)

[Tiffany Allen]

Hello Investors, 

I just purchased a property on Oldknow dr, Atlanta 30318 and there is a lot of activity in the area. It is still up an coming but properties are moving fast.  I see the same in the other 2 zip codes.  Have any of you done successful flips in these areas?  Any advice or pointers?   I would like to do more flips and buy some rentals in the area, but want to be cautious as it is a risky area. 

Also, do any of you have rentals in the area? If so, is it hard to find good renters given the fact that it is still a little rough in areas? 

Any opinions of forecast of this area?  The distressed properties are still everywhere and are still cheap, but the rehabbed ones are going up in prices it seems.  

Thank you all in advance for your thoughts/advice. 

[Dan Mahoney]

@Tiffany Allen I don't know anything about flipping.  I have rentals in 30314 and 30310.  Also 30315.  I think the area surrounding Westside Reservoir Park is interesting for longer-term investments, though I don't have any.  If you buy rentals in this area, you won't be able to follow the normal Bigger Pockets advice on tenant screening. You can find good tenants but you'll need to make trade-offs between income, credit, rental history, etc.    

Whether to take Section 8 is a whole other topic.

Good luck with your deal.