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Updated almost 3 years ago,
Rehab vs. Turnkey in Atlanta Metro
Hey BP community,
Long-time listener, first time caller. My wife and I are looking to get into the game by purchasing our first rental property. I've read the books and know that generally the most upside is created by buying a property that needs work and rehabbing it. However, given the current market conditions, it sounds like rehab projects can take a long time right now and costs are up, due to supply shortages, etc. Taking on a big rehab for our first one is also a bit intimidating.
Due to that, starting to think that buying something that's move-in ready could be the smarter move. Has anyone had success buying turnkey properties in metro Atlanta? Curious if anyone else feels the same way re: rehab timelines and costs right now?
Appreciate the help!
Brian