New investor from CA looking for GA multi-family advice

[Amy Park]

Hey BP!

I am a newbie from Southern California and am interested in purchasing real estate in Georgia since the prices here are too steep and I would be flying out to GA several times a year anyway to visit family. Ideally, I would like to acquire multi-family near Atlanta and was hoping to get some input from local investors. I have done some preliminary research into potential areas primarily in North Atlanta, and it seems to be dominated by large apartment complexes. Is there a market for smaller multi-family buildings or should I shift my focus to single family? Thanks in advance and I look forward to connecting with the BP community!

[Jered Sturm]

@Amy Park If you're investing specifically for cash flow there are better markets than ATL right now but the economic fundamentals of ATL are so solid that if you are factoring appreciation speculation it does seem to have the ability to do big things when comparing it to the other strong cash flow markets in the midwest which are less likely to benefit from appreciation.

I operate in Both Cincinnati Ohio and Atlanta Georgia And the cash flow is much better in Cincinnati.  

I run a BP meetup in ATL on the last Tuesday of each month. If you're in town sourcing markets and deals you should swing by. It is a great place to meet brokers, wholesalers, contractors, and other professionals active in the market. 

I see you mentioned SFRS in Cobb. You should talk to @Terry Burger, @Julie Kern, @Vincent Crane&@Brandon Comer All who come to the meet up are doing some wholesaling in these areas. @Artem Rost & @Mike O'Connor  are agent's who has helped others in the group by their investment properties.