Hot Atlanta Investment Areas

[Kasey Gourley]

Hello BiggerPockets,

I recently moved to Atlanta and I am not familiar with the real estate market here quite yet. I have a few different searches saved on Redfin, Trulia, and Zillow with homes for sale and rentals properties in the Atlanta area and have been combing through those searches daily to get an initial feel for pricing and rental rates. My questions is what parts of town are hot areas for investors, specifically investors employing the BRRRR strategy? What parts of Atlanta are you investing in, what parts of Atlanta are seeing a surge in growth or expected to see a surge in growth, and what parts of Atlanta should I stay away from?

I realize this is a broad question and Atlanta is a very large spread out city, but my hope is it get the name of a few areas (Doraville, Smyrna, Decatur, etc.), so I can focus my search and begin driving those areas to look for opportunities. Willing to work within a 1 hour radius of Atlanta.

My criteria: 

1. SFH under $150k needing less than $10k in rehab and will rent for 1% of purchase price.

2. Duplex, triplex, or quad under $300k, each unit needing less than $10k in rehab and each unit cash flowing $250/month.