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Updated over 4 years ago on . Most recent reply

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47
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7
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Ferry Vendy
  • Rental Property Investor
  • Atlanta, GA
7
Votes |
47
Posts

ATL market, who closed on GREAT deals?

Ferry Vendy
  • Rental Property Investor
  • Atlanta, GA
Posted

Curious to see if anyone from Atlanta found great rental property deals within metro Atlanta in the past few months with current market.

I have been searching around and analyzing some deals but it seems like none of the listings really work right now.

Thank you.

Most Popular Reply

User Stats

517
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772
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Joe Cassandra
  • Rental Property Investor
  • Woodstock, GA
772
Votes |
517
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Joe Cassandra
  • Rental Property Investor
  • Woodstock, GA
Replied

Last couple deals over last few months (note: I'm just a bit outside "metro" ATL in Cherokee and Cobb and Cartersville, but market is just as hot)

- BRRRR PP $122k, repairs 8k, just appraised for 207k (rents for 1.5k)

- BRRRR PP $80k, repairs $500, arv 120k (rents for 1k)

- closing on another BRRRR PP 122k, repairs 3k, arv 190k-200k (rent 1450)

- Just "flipped" a house in Kennesaw. Bought for 78k, just de cluttered for 1.5k, listed on MLS and sold yesterday for 150,500. (house needs about 60-70k which I didn't want to do). ARV probably 230k. Guessing they'll just rent it or they'll try and bump the comps (which that's too risky of a strategy for me).

-------------------

All off-market deals I sourced. 

As proven by my last deal there, trying to buy on market at 75-80% arv - repairs is impossible. I don't even look anymore.

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