All Forum Posts by: Minh Ly

@Minh Ly Hi. Are you looking mainly for long term appreciation?

I'm an agent and licensed GC / EC specializing in the Greater Atlanta area. The belt line encompasses everything from $19k burned-out husks to $7million+ estates. Are you looking for cash-flow, fix-and-flips or fix-and-holds? Quite a bit of variety to choose from. Finding a deal on the East side is getting tough - a lot of attention from local, national and even international investors and flippers. 

Plenty of deals on the south side, but make sure you're carrying if you're going to look at a new 'opportunity', and the buddy system is a must. I was just looking at a package of 3 homes for just under $100k - same street, design and condition (shells basically). My GC went out and priced the repairs, and estimated a potential $80k+ profit (leveraging bulk purchasing and his efficient crews). I'm not as keen on the west side (College Park to Fulton Industrial) and Airport region unless we're talking commercial. Prices on the north side are past what I find inviting, but a mailer campaign can still result in excellent deals from very motivated sellers.

Multi-Family is hot now and getting hotter. There is a shortage of independent larger multi-family properties - they come up every now and again but anything listed comes at a premium price. Your best bet is working with agents/brokers that are good at finding off-market deals or have a staff (like mine) capable of prospecting and marketing directly to owners.

In any case - feel free to reach out any time if you'd like to pursue things further. I'm more than happy to  show you around when you get into town!

It has been surprising to me that we see many Chinese investors buying houses in Atlanta. To be honest, it is still a bit puzzling to me... Clearly they see good long-term prospects there. They tend to focus only the suburbs north of Atlanta though.

Originally I wanted to focus in Las Vegas, but somehow ended up investing in Atlanta, I liked the economics there. Funny as it wasn't my first choice. 

Hi Minh, there is a bus tour that you can take around the beltline that helps you see the condition of each neighborhood. My recommendation would be to focus on where it is expanding and not where it already is. For instance, I would probably not invest in Old Fourth Ward anymore, because those home values have already quadrupled and I'm not sure if you could make a decent return on your investment. It is currently expanding from Renyoldstown down to Grant Park and those areas have already seen a big spike. Also, on the Westside, the West End area around Adair Park is supposed to be very affordable still and I think will see the same spike. Hope this helps!!!

Hi Minh,  I'm familiar with Capitol View, it's a Beltline community. I can get some property management leads for you. How many properties do you have in your portfolio? Let me know what you are looking for.