Rental Property in Atalanta Decatur 30035

[Tzook Bar Noy]

I just go a lead on a rental house in 30035, it will need some fixup, buying price is 55, and I think I should invest 20K more.

Rent is approx 750 I think, it's a 3 rooms and 1 bathroom apt, 1050 sqf.

What do you think on the rental status in the area, and future house prices?

Thanks for any help :)

[Andy Luick]

I haven't bought anything in that area although I like things around 20.  I wouldn't be interested in buying a 1-bath anything....just wouldn't.  There are some 4/2s in that market for under $60k.  If this is your first shot at something, find something with quick and multiple outs if you need to get out....a 3/1 isn't going to turn quickly.  What are you spending the $20k on?  If the walls are wrecked and the wiring is even partially stolen...move on to something else....if they neighborhood stole from it once...it will happen again either during your rehab or if it ever goes vacant.  There are some deals floating up now until January/February.  Mix with enough wholesalers and you will find something off-market that might make more sense.  I personally think another huge crush is coming and that's not a zip I'd want to be holding a rental in....happy investing!