Investing Stategies In Atlanta GA

New to Real Estate · Atlanta GA, Birmingham AL · Member since 2019 · 22 posts · 4 votes

Good Afternoon BP Team,

I'm new to the Atlanta market, and I have had trouble finding my footing here. I wanted to know what are some real estate investing strategies that work well in the Atlanta area, and what strategies are giving the best returns? Thanks for your help in advance!

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Kelly Rambo

Real Estate Agent · Atlanta, GA · Member since 2017 · 48 posts · 42 votes

At the risk of saying what you already know, the current market is so hot - cash is the winner. If you are looking to build a rental portfolio, you might check out properties that are tenant-occupied with good (read: paying) tenants. Those properties IMO are too much trouble for flippers as the tenants are usually looking to stay - especially with such a housing shortage.

Since you're new to the area, drive as many areas as possible to get familiar and make a play for suburban areas that may not have quite the appreciation of many in-town neighborhoods.

Best of luck! You'll rock this!

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Kelly Rambo
Real Estate Agent · Atlanta, GA · Member since 2017 · 48 posts · 42 votes
5y
At the risk of saying what you already know, the current market is so hot - cash is the winner. If you are looking to build a rental portfolio, you might check out properties that are tenant-occupied with good (read: paying) tenants. Those properties IMO are too much trouble for flippers as the tenants are usually looking to stay - especially with such a housing shortage.
Since you're new to the area, drive as many areas as possible to get familiar and make a play for suburban areas that may not have quite the appreciation of many in-town neighborhoods.
Best of luck! You'll rock this!
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Duane Alexander
Investor · Atlanta, GA · Member since 2020 · 253 posts · 240 votes
5y
Don't even bother looking at the MLS. The market is far too hot. Spend the majority of your time looking for off market properties. Tough to find rentable 1% kind of properties ITP if cash flow is your play. You can find these by expanding OTP and into the surrounding counties. You can definitely still find great flips ITP.
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Alex Morrison
Realtor · Duluth, GA · Member since 2020 · 26 posts · 14 votes
5y
@Duane Alexander OTP investor here. We’re not seeing 1% at all either. I’m seeing a lot of investors liquidating their portfolios at like 0.5% of the “1%” rule and they’re selling..
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Greg KurznerBusiness Member
Real Estate Broker · Atlanta, GA · Member since 2016 · 200 posts · 75 votes
5y
Sometimes not investing is the best investment. Whether the inventory crunch and subsequent frenzy to overpay for a property will ease as we enter spring/post-covid...remains to be seen. Patience can be hard but rewarding. We make several offers each week and are landing very few properties that will work for us. But...we stick to our numbers. Lots of investors out there are just making stupid investment decisions in my opinion. That said, if you are prepared to lower your risk-adjusted returns just to deploy some capital, you can do that but not sure the risk is worth the lower returns.
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Brenden MitchumBusiness Member
Rental Property Investor · Atlanta, GA · Member since 2019 · 1k+ posts · 872 votes
5y
Hey @Trevonte Mosby, the only deals anywhere near 1% that I'm seeing on the MLS lately are attached properties in rougher neighborhoods and underpriced SFRs that end up selling for well over asking.
My advice would be to grow as many lead gen sources as possible. That means not just working with a single agent but working with multiple, as well as multiple wholesalers, and even starting to build your own off-market lead gen. That's your best bet if you're looking for something everyone else is, like an easy flip or a 1% rule rental.
If you want to get creative, I'd recommend looking for property that allows for multiple streams of income. Obviously, most minds go to duplexes, triplexes and quads but that's not creative. I'm talking SFR with additions or with enough land to put in additions. Yes, this comes with its own challenges like single meters but that is easily overcome, especially in places with housing shortages (most of the MSA). Maybe think about rent by the room too. There are platforms now that help with the managing of this type of property. You just need to find a large enough SFR for this model to make sense.
Feel free to reach out anytime if you want to chat about this more in-depth!
[email protected]404-737-0018
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Trevonte Mosby
OP
New to Real Estate · Atlanta GA, Birmingham AL · Member since 2019 · 22 posts · 4 votes
5y
@Greg Kurzner Great Advice! I will keep my eyes open, but I definitely won't make any crazy offers just to obtain a property. Patience is the KEY! Thanks Greg.
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Trevonte Mosby
OP
New to Real Estate · Atlanta GA, Birmingham AL · Member since 2019 · 22 posts · 4 votes
5y
@Brenden Mitchum That is a great way to think outside the box! I would love to setup a time where we could talk about this more in-depth.
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Trevonte Mosby
OP
New to Real Estate · Atlanta GA, Birmingham AL · Member since 2019 · 22 posts · 4 votes
5y
@Kelly Rambo I will focus in on those long-term tenant properties, and definitely will start driving for dollars. I have to get outside my comfort zone, and do some different things! Thanks again Kelly.

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Austin Kay
Member since 2021 · 24 posts · 8 votes
5y
Following this discussion. I'm a relative newbie (2 SFHs in Atlanta) but looking to expand in Atlanta. FMLS properties don't cash flow at all. Thanks!

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