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Updated about 5 years ago on . Most recent reply
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Spent the day driving around NW/SW ATL, what do you think of...
Spent the day driving around NW/SW Atlanta to get a feel of the areas. Used a few upcoming landmarks as a guide to the areas I'd like to invest in. Landmarks were the Bellwood Quarry, Mall at west end, Monday Night Garage (in the west end), and Mercedes Benz stadium. The areas I'm now interested in are: Grove Park, Westview, West lake, Westside, West End (maybe. Prices are too high at the moment), Bankhead (maybe), Rockdale (maybe), Bolton (maybe).
Anyone have insight, or thoughts on any of the above areas? Things I'm interested in hearing opinions, and thoughts on:
1) Are these great up and coming areas to invest in?
2) Will those landmarks rival PCM, Piedmont, e.t.c, but for West Atlanta?
3) these seem like c class neighborhoods, not as rough as Pittsburgh; is that an accurate statement?
4) What should asking, and bid prices look like in these areas?
5) Am I looking at the wrong areas? If so, where should I set my sights on within NW/SW Atlanta?
6) What should I be looking for in these areas?
7) Any thing else come to mind?
Thanks!
PS: Also drove around Pittsburgh, Ashview heights, Oakland city, Washington Park, and Vine City. These were also interesting areas that were within the vicinity of the landmarks. Bonus question: What are your thoughts these areas?
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Hi @Ola Olusoga, I am not an expert on these areas, but have done the same as you (driving for dollars). The westside is coming along, slowly but coming. The Beltline is driving that and if you can buy close to it (for the near future) I think you'll be OK - for appreciation. If you can buy right and rehab right, you can cash flow. There are many distressed properties that need TONS of work, so it depends on what you're looking to do, buy and hold (rental or for appreciation), flip, wholesale, etc. I think the Beltline will transform the Westside, it just may take a little longer than the Eastside given the types and wealth of neighborhoods just outside the Beltline that already existed prior to the Beltline going in... See my other post on my take of the Beltline: https://www.biggerpockets.com/forums/311/topics/747587-atlanta-beltline-bus-tour