Atlanta Investment Markets

[Shyam Panchal]

Hi BP Community,

I am in the market to purchase a few SFRs in the Atlanta area and am looking for some advice on where to invest. I sold my SFR in Alpharetta in March and have gravitated towards Forsyth County, but due to the low inventory I think I may need to branch out into a different area. I have about $200k to play with and would like to leverage as much as I can to but 3-4. I have a friend whose invested in Marietta and west Atlanta, but in more of the low income areas, so I am bit weary of investing there. I had a nightmare with my last SFR so I need something turnkey as I am investing out of state. It seems there is growth north of the city but I could be wrong perhaps.

Does anyone have any recommendations on where to invest?  If I can stretch my pot to buy multiple, would be the ideal situation.

Thanks  

[Brenden Mitchum]

Hi @Shyam Panchal

Here in the greater ATL area it is pretty tough to find on-market properties in the good school districts that cash flow, especially with prices remaining inflated. My advice to you is two-fold.

1. Check out the South Lilburn/North Stone Mountain area. This gets you in the Parkview School District and you just might be able to cash flow (but don't expect $$$). South Douglasville also has some great schools and lower home prices. 

2. As @Jordan Burnett mentioned, sit tight. Not everyone who is currently deferring their mortgage payments will be able to catch back up when the time comes. Also, not everyone who is currently laid-off will be getting their jobs back. We have yet to see the true effects of this pandemic. That being said, I don't think it will take 12-18 months for deals to start popping up. I think it will be a rough winter for many (unless you're a savvy investor sitting on cash). Obviously, no one really knows what is going to happen but now is not the time to go out of your comfort zone or settle for a mediocre investment that ties up your cash. 

So just stick to your guns and keep looking until you find something that fits your criteria. If you ever have any questions or just want to chat about the Atlanta market, please feel free to message my anytime.