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Updated almost 5 years ago on . Most recent reply

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Ryan Taylor
  • Atlanta, GA
5
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24
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Is the Atlanta market good

Ryan Taylor
  • Atlanta, GA
Posted

I went looking for duplexes in Atlanta and they were all fixer uppers or severely overpriced. Should I look into different markets or what? It doesn’t seem hot to me unless I wanna spend boo koo bucks

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Brenden Mitchum
  • Rental Property Investor
  • Atlanta, GA
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Brenden Mitchum
  • Rental Property Investor
  • Atlanta, GA
Replied

@Ryan Taylor

Expensive property is actually a fairly good indicator of a market being hot. Now there is definitely such thing as "too hot." You'll find this is the case for most of the small MF in the Atlanta MSA. That being said, I still do see decent deals here and there and in a market where the small MFs seem to appreciate just as well as the SF, I'd be happy with $100/door. Of course, that was pre-corona. Now I would sit tight and see what happens. No sense in grabbing something that cash flows $100/door and then rents fall and there goes your cash flow. 

As @Evan Parker mentioned, you'll probably want to stay outside the perimeter if you want to grab something that is in a decent neighborhood at a decent price. This will likely be the case regardless of what happens in the next few years. Keep your eye on areas like Marietta, Norcross, Conyers and Lawrenceville. This is where I see the most duplexes and also the only areas I've seen some deals in the past few months.

Your best bet to find a real MF deal here in Atlanta is to start generating some off-market leads. I'd suggest beginning this process now if you want to find a great deal in the next 6-12 months. 

Anyways, feel free to message me anytime if you have questions or just want to chat about the Atlanta market!

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