Atlanta Market - Tell me about it!

[NaDean Bowles]

It's a seller's market everywhere but what is the market in Atlanta like?  Do you use 1%, 2%, or 1/2% or less for your numbers to determine a good deal?  If you are in Atlanta, are you investing in your own backyard or going elsewhere?  Where are the war zones?  If you are active in this market, I would love to message you about it so please let me know. 

[Brenden Mitchum]

Hi @NaDean Bowles

Ahh you mean HOTlanta? It is absolutely a seller's market here. Supply is super low (just over 1 month) and demand is through the roof with many new investors and homebuyers flocking to the ATL. That being said, it's a big MSA with plenty of submarkets and space for the savvy investor to find their niche.

I would recommend not really using any kind of percent rule to evaluate deals to be honest. However, you definitely do not need 1 or 2% to cash flow anymore since rates are so low. 1/2%-1% is probably fine for most but this should only be used to filter out the garbage, not to compare/analyze decent deals. 

I am currently investing in Atlanta and have clients who are too (some from OOS). Like I said, there are still deals to be had here if you can find your niche. 

There are definitely some rougher neighborhoods but it's impossible to label an entire town or submarket as a "war zone" since there is just so much development (i.e. gentrification) going on across all of the MSA. 

Please, feel free to reach out anytime if you have further questions or just want to chat about the market!