Atlanta Rental Market

[Chris Bardin]

I'm currently looking for a multi family property in Northwest Atlanta Area (Woodstock, Acworth, Canton, Marietta) but not finding any candidates with good cash flow potential. Not really finding many candidates period. Even if I were to find one, I'm leary of the out of state and institutional investor presence already saturating the market.

Any seasoned Atlanta investors out there that can shed some light on the Atlanta rental market? @Joel Owens- You are just a few miles from me. What is your view of the rental market in our area?

Thanks

Chris

[Joel Owens]

Hi Chris,

I didn't see the follow up comments.

There really isn't anything much in those areas for 2 to 4 units that isn't extremely over valued due to the quality of the area.

That train in my opinion left 3 years ago. Now for people in California getting 3% on properties there they see this as a golden opportunity. Locals that have seen prices rise due to out of state demand from buyers searching for more yield see it as overheated. It's all about your goals.

I can say that the real estate markets all over the country people are deploying capital to buy. My clients are buying million to multi million dollar properties. Capital has been sitting on the sidelines the last 3 years waiting to see the dust settle. The dust has settled and in the commercial space things are starting to recover upwards.

Everyday I am getting contacted from new potential clients. If you want to land an investment you have to commit and understand the process and follow through. Brokers and sellers choose me because my buyers close and are qualified. Lots of buyers out there even with money that are flaky and indecisive even when they can land a deal.