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Updated over 4 years ago on . Most recent reply
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ATL market, who closed on GREAT deals?
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
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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).
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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.