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Updated over 3 years ago on . Most recent reply
Out of State Investing and Selecting a Market- Atlanta
Hello!
I am based in Miami, but want to start an out of state BRRRR portfolio in Atlanta. Are there any Atlanta based realtors here that have experience with out of state investors? I would like to narrow down a few zip codes but need a little advice regarding which areas are best.
Thank you!
Emily
Most Popular Reply
Hello @Emily C. , welcome to the Atlanta REI market! I am a active investor/ realtor here and would love to educate you on the developments in this market. I won't say it's impossible, but a perfect BRRRR in this hot market of investors offering all cash / no due diligence (earnest money hard day 1) bump the acquisition prices past 70-75% of ARV. Keeping a close eye on your criteria and being able to act fast is a necessity. I suggest picking a couple zip codes, know type of property you want (i.e 3bed/2bath larger than 1,000 square feet at or below a predetermined dollar amount), and become an expert in these neighborhoods will put you around more potential deals in order to find your perfect BRRRR.