All Forum Posts by: Pratik Jagad

Thanks @Hersh Shah, @Jingru Sui, My analysis so far also shows that for Sandy Springs and some condos/townhomes in Marietta the HOA kills potential cashflow or drastically reduces it. I was wondering if its better to target single family homes in my budget (<200K) in areas along the I-20 East corridor (Lithonia, Douglasville, Covington, Conyers etc). I see the rentals are in $1100 - $1300 range for a 3 bed/2.5 bath properties. What I am unable to determine from my analysis is vacancy rates. Also with Sandy Springs/Marietta locations, I think the renters would most likely be professionals working in tech/business etc. I am not sure about the profiles in the I-20 East corridor. Any insights from you would be helpful.

Hello All,

I am new to real estate investing and looking to take a plunge with investing in Metro Atlanta area. I have a small budget (max of 200K property value) and looking to invest in condos/townhomes that can be rented out. I have been looking at Marietta and Sandy Springs areas for options as I am most familiar with them. However would like to know if there are any other areas that might have the right level of supply and good rental income. Thanks in advance. 

Hello Community,

I am a first time rental property buyer looking to buy property in Atlanta area. I recently heard a podcast episode on BiggerPockets (

) that talked about how there is frenzy with real estate buying due to low interest rates coupled by the fact that the mortgage forbearance is restricting supply to the market as potential sellers are holding on. There is also some talk about the rental prices going down as supply increases in the market post forbearance period. I am trying to understand what this all means for a first time buyer like me. Should I wait out for sometime or take the plunge (assuming whatever I buy still holds to the basic fundamentals)? I understand that no one can accurately predict future and we are in unprecedented times. My main concern is overpaying in the current sellers market while waiting for a bit of cooling down could open better opportunities in terms of options to buy as well as price. My second concern is additional supply opening up in the rental market driving down prices and the rental economics not working. Any insight would be deeply appreciated.