ATL RE 2 Good 2 Be True?

Question

Sup ladies and gents before you continue reading this, this post is aimed towards ATL (atlanta, ga) investors.

so ive been looking at investing outside of my local area and have been interested in areas like tampa and atl and have a question regarding atl. Ive been interested in MFU and see a lot of MFUs that seem to be too good to be true, at least compared to clt nc. Why arent you atl investors snatching up these properties, Is there something wrong with the area? Im talking specifically about the bankhead area. I know bankhead is pretty rough, but is it really THAT bad that your avoiding the area? Ive been there plenty of times and it doesnt seem THAT bad to me especially since the stadium has been built.

Sorry i started rambling, but im just confused. I know fulton county is doing a restoration program why wouldnt this incentivize you to snatch these properties up?

Joel O. · Answer

Thanks for the response. I do understand Bankhead is a rough area, but regarding areas outside of bankhead such as around the university area and the stadium it doesn't seem so bad, and these are the areas I see lots of opportunities as well, but see that those properties are staying on the market for a long time which makes me question why or what the issue is.

Honestly I think I should contact a couple of listing agents and ask questions. Do you think that is something i could do?

Paul C. · Answer

@Joel O. I do not have any property in this area, but I do live in ATL. I honestly think Bankhead is going to be an area on the rise. I personally believe now is the time to get in over there to see your value appreciate significantly in the coming years. The reasons for optimism are Mercedez Benz stadium, investment from Arthur Blank in the area, Proctor Creek Greenway, Quarry park, and the beltline connections.

Evan Stalcup · Answer

Hello Joel,

Bankhead is a really rough area. The fact that there are songs that list Bankhead in the lyrics should let you know it's infamous and not in a good way. I am sure there could be deals to be made but I avoid that area in particular. Just my two cents.

If Amazon moves to GA, then maybe bankhead would be a spot that would have been awesome to pick up.

Good luck.