Atlanta, GA or Sugar Land, TX?
Hi guys!
I’m getting ready to purchase my first rental. Looking for a buy and hold property but hopefully it cash flows a bit. I’m debating between Atlanta, GA and Sugar Land, TX. Here are my thoughts:
Atlanta
Pros - potential for growth. Younger crowd. Lots of job opportunities. Prices are a bit cheaper. Lower property tax.
Cons - neighborhoods are not as safe as Sugar Land. Weather might be more unpredictable.
Sugar Land
Pros - very residential. Very nice neighborhood in the Houston area. Also got potential for growth.
Cons- Property tax rate is lower than general TX rate but still around 2.5% so that might eat into the cash flow if there’s any.
It will be a long distance investment for me as I reside in CA. I have connected with agents in both areas.
Anybody familiar with these markets can you please help and provide some insights? Much appreciated!
Most Popular Reply
@Vicky Liu Atlanta is great. You have both good and bad neighborhoods. If you are looking for cash flow in the metro area, it’s best to buy a fixer upper in a up and coming neighborhood and hold for a while. Places like Decatur is not a bad idea and depending on the size of your investment old fourth ward.