All Forum Posts by: Evan Parker

As long as you've done your research, know what you're looking for, and know the numbers your comfortable with, there's nothing wrong with going that route.

Keep us posted on how it goes.

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Southside Atlanta is seeing a lot of moving and shaking. I just recently purchased a property in East Point which is South but not south south.

https://www.bizjournals.com/atlanta/news/2019/06/04/manhattan-developer-buys-land-along-atlanta.html

This, along with the nearly capped development of the Northside, and whispers of Airport City, the time is now people!

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Definitely not too soon.

Evan Parker | BEL Property Group | Atlanta, GA

1 Vote

There's currently a large meetup that takes place Monthly at the Ivy at Buckhead.

They have a huge turn out each month and can be a good place to meet great people if you're up for it.

If you google REI meetup ATL it should be like the first one that shows up, I can't post the link here.

@Robert Higdon @Eric Simmons @Dawn Heisler @Dieggo Goncalves

2 Votes

Thanks @Andrew Shallenberger, I am sending over an email shortly.

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Originally posted by @Kyle Fitzgibbons:

The question(s) I pose:

Do you think gentrification is an issue? No. Is it an issue that I want to live in a penthouse in Manhattan? Everyone probably agrees that I don't get to live in a place simply because I want to. I can't afford the penthouse so I live somewhere cheaper.
Do any of you ever struggle with the reality that we collectively price people out of their communities? No. I'm not convinced "we" price people out of their communities. There is a huge shortage of housing in America and that is largely government regulated. I lived in Singapore for almost four years and with a population where literally 1 in 6 people are millionaires almost 90% of the population lived in government housing (HDB's). It was common and understood that citizens needed places to live regardless of income. The government designed and maintained systems to enable this. This also was thought of as "government housing". They were nice clean and without stigma. It's just how things were done. Compare that to the NIMBYism of places like California.
Do you ever think of it that way? Yes.
Do you ever feel bad about contributing to the gentrification of communities? No. See point 2. I'd be happy to have different laws and regulations. I'd vote for politicians that wanted to build millions of housing units. And don't call this socialism unless you're willing to call places like Singapore socialist. The problem is just bad economic policies not investors.
What are the alternatives? See the above. There are even ethical alternatives such as deciding not to have kids unless you can fully support them - ie give them literally everything. I don't have kids myself and one major reason is that I see a very large ethical demand on myself before ever considering it. This argument is similar to the penthouse one above. Should I get to have kids just because I want them? Should I get to live in the penthouse just because I want to? These things cost money and I don't have them. I don't blame anyone (other than my own parents). I grew next to the most expensive zip code in America in San Diego and I could never afford a house there especially as a teacher that would be making 40K a year. I moved abroad to Korea then Dubai then Singapore and now Afghanistan. I went from making $2000 per month to $22000 per month while teaching overseas and never paying rent. After ten years of doing this I was just able to purchase my first house in California and should pay it off in less than five years. Gentrification is not the problem. People who aren't willing to adapt and make painful sacrifices while also voting poor economic policies into reality are.

Wow that's fascinating about Singapore, I never knew that before!

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@Sean Larsen

I echo what @Ali Boone said. The locations you listed are listed for a reason, and a lot of people getting deals there shouldn't deter you from learning the market and getting deals as well.

Find a market that makes sense to you and attack, regardless of the articles. There are still people finding and creating deals in LA, NY, SD, etc where it's "impossible" to find deals. It's all about what/where you want to put in the effort.

Hope this helps!

2 Votes

@Robert Collins

A 50 mile radius is pretty huge, so there are a lot of areas in there that one could focus on.

College Park area where a large new city development is supposed to be happening, 30331 where you're currently looking, Lawrenceville, Rex, a ton.

As far as Grove Park and surrounding areas go, most of those homes are complete rehabs and may not necessarily fit what you're looking for. It's definitely an area that's seeing a lot of improvement, but a lot of the houses there are really being priced on the hype wave and not necessarily the true value of the house at this time. Not to say opportunity isn't there in Grove, but it will take a lot of strong market knowledge to make good investment choices.

Hope some of this helps!

2 Votes

Atlanta, Georgia

@Loic Assobmo

GAs real estate offerings are so vast that any strategy you want to apply can be applied somewhere in the state.

You want to invest in a big bustling city? You have Atlanta and all its Glory.

You want to invest in smaller low property value, consistent income/rent? You have your pick of a dozen smaller cities towns throughout the state to give you just that.

As far as pros and cons, there's nothing unique about GA that would cause it to have any different pros and cons of any other state.

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All Forum Posts by: Evan Parker

Evan Parker has started 29 posts and replied 174 times.

Post: Atlanta RE clubs to join

Post: Buying first rental property at a tax auction. Good or bad idea?

Post: Manhattan Developer in Southside Atlanta

Post: Interested in Investing in Real Estate at 22 y/o. Is it too soon?

Post: Looking for Meetups in or around Atlanta area??

Post: Off-Market Commercial Investments in Atlanta

Post: Congratulations! You Gentrify: Displacing a Community

Post: Are Hyped Markets Still a Good Investment?

Post: I need help targeting buy & hold Atlanta market

Post: Pro’s and cons of investing in Georgia