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Updated over 9 years ago on . Most recent reply

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Trieste Musial
  • Atlanta, GA
2
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New member, Atlanta area

Trieste Musial
  • Atlanta, GA
Posted

Hi!  I'm currently selling my rental property in Alaska in order to purchase investment property here in Atlanta.  I inherited my home in Alaska in 2011 and have been renting it ever since.  While living in Atlanta, though, I've come to love the area and I see it only getting better every year.

I'm aiming to get one or two units in a transitioning area (I'll have ~$65k to spend, and am focusing on SW/NW/SE areas) with the ultimate goal of building a portfolio of my own here in town.  I'd like to rent so that my units are helping to stabilize a community (i.e., don't want to sit on land or vacancies while waiting for the market to turn)--I'm also open to renting low-income/Section 8/Housing Choice Vouchers.  I'm looking for advice, deals, mentoring, opportunities.  I don't have a ton of cash to invest, I don't know that I'll have this kind of lump of cash again, and I really want to get this right.  Bigger Pockets has come up over and over again as I've read online, and I'm excited to join this community.

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1,657
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Rick Baggenstoss
  • Developer
  • Decatur, GA
1,033
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1,657
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Rick Baggenstoss
  • Developer
  • Decatur, GA
Replied

@Trieste Musial  Great intro.  You know what you want and why.  Sounds like a good plan too.

There are several people on BP who invest in similar properties.  @Heather W. is an expert on Atlanta Section 8.   Depending on the neighborhoods you focus on, you'll find some more BP buds.  

$65k can get you a pretty good house in SW Atlanta or South Decatur.  If you can get financing, it can buy you two - three. I'm fond of Historic West End and Adair Park for longterm appreciation and good rent yield.  Belvedere Park in Decatur should appreciate steadily. 

Good luck!

Rick

  • Rick Baggenstoss
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