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Updated almost 9 years ago on . Most recent reply

User Stats

27
Posts
1
Votes
Tommy Mosley
  • Real Estate Professional
  • Savannah, GA
1
Votes |
27
Posts

Local or out of town first investment ? What should I do

Tommy Mosley
  • Real Estate Professional
  • Savannah, GA
Posted

So I've been doing my homework and hate motebi look around it seems like my dollars would be better served by investing in a  market out of town i originally was looking for a buy and hold prop in Augusta or savannah GA but after looking at the Atlanta area I'm wondering if I should focus on that area mainly bc the rents are a little higher for about the same purchase price.. Even less at times so should I play it safe so to speak on my first investment and keep it close to home or take a chance on a bigger city with the help of a property manament team.... I can get a turnkey prop for about 10-15K less in Atlanta with a about a $200 increase in rent  as opposed to the Savannah area ... Thanks in advance for the help

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