Home Selling in Atlanta>Question Details

Ahmed97, Home Buyer in Atlanta, GA

which are the best areas to buy a house or houses for investment ( in Atlanta) 10Feb 2012

Asked by Ahmed97, Atlanta, GA Fri Feb 10, 2012

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12
There are too many important variables to consider when investing in properties in Atlanta to submit a simple and vague answer to your question. I would suggest consulting with a real estate professional in person. This will allow you to receive a detailed analysis of your situation and allow you to determine the most efficient and effective plan of action.

Best Regards,

Adrian Provost
0 votes Comment Flag Sat Feb 25, 2012
It depends on what you are Looking for, and how much Work and Money you are willing to put into the Investement Property. If you are interested in taking advantage of the opportunities in todays Market, please email me. Thanks.
0 votes Comment Flag Tue Feb 21, 2012
Hello Ahmed

dekalb county have great investments and some areas in the city, atlanta. just depends on what you are looking to spend, dekalb has high taxes.
0 votes Comment Flag Tue Feb 14, 2012
Ahmed,
There are investors from all over the world that are descending on Atlanta for the values our city provides with respect to real estate investment at this time. It is not necessarily what is the best area to buy a home but which is the best area to buy an investment home based on the type of model you desire to invest with. We are currently seeing rent and hold, small flips and rent and flip with the rent and hold showing the best long term ROI.
I feel that certain areas in our city are getting saturated with these types of investors and some of the "better" deals are in the outlying counties.
We are happy to add you to our list of investors or help you devise the strategy.
Best of luck!
Jude
0 votes Comment Flag Fri Feb 10, 2012
Hi Ahmed,

Essentially rentals run from south Gwinnett all the way around the south side of the 285 belt, finishing in Marietta on the other side. The ROI is excellent and the all in price our investors are looking at is $40,000 to $65,000 with rental income varying from $850.00 to $1,050.00.

Most people are staying away from flips right now with two exceptions: 1. reselling rental property that they have renovated and in which we place tenants. In this case the profits are small on each property but we are turning these around pretty quickly. 2. High end homes. Essentially million dollar homes you pick up for pennies on the dollar. This is a riskier market, but the returns can be impressive.

We are Two Girls and a Deal. We specialize in investment real estate and offer a turn key approach which includes, buying, renovation, property management and resale. If you have any questions please feel free to contact me at twogirlsandadeal@gmail.com or call 404-997-0995 or Kelly at appraisalsbykelly@gmail.com 404-933-4885
Good Luck
Diane
1 vote Comment Flag Fri Feb 10, 2012
When you say "investment" it just depends on how you want your investments to work.

If you are wanting to invest and hold onto property, meaning you would be renting it out. My investors have had the most luck in the Gwinnett County area. There are a lot of the newer homes that are selling for in the $60's to $80's price range. You are able to get a 4 bedroom 2.5 bathroom house that needs minimal work. You can get around $900 to $1000 in rent a month and have no issues.

A lot of investors are wanting to buy the $10,000 price homes and try to rent those out. What we are seeing on that end is a lot of rehad work to get to make desirable to rent. Then you are drawing horrible renters that beat the property up and leave town.

So if you are looking for a investment to hold, I would say go up a little on your on purchase price and get more stable renters.


If you are looking to invest to flip, I would once again stay away from the $10,000 homes. It seems like a lot of investors are trying to make it rich in that market and it just is not working. We have been working with some investors who are buying around the major universities, that is working out well for them. They are buying for around $100,000 and puting about $40,000 into a major work and turning around and selling for $225,000. As long as the profit is over 25% it seems to work for them.

Let me know if you are interested in talking more to identify what you investment goals are. My email is Jay@ChuckSmithGroup.com
1 vote Comment Flag Fri Feb 10, 2012
The best place to invest is contingent upon needs of your business model.The entire atl metro area offers solid opportunities to invest if you invest wisely. The areas in town that were mentioned in the previous responses are good places to start but by no means are the only places you should consider. Question. Are you looking to retain these properties to increase your monthy income stream or are you interested in renovating and reselling?
0 votes Comment Flag Fri Feb 10, 2012
Ahmed there are some area's that you can count on to hold value. Virginia Highlands, Midtown, Eastlake just to name a few. I have been working with a few investors who have been purchasing properties in the South Cobb County area and rehabing the homes and turning them into resales or rentals.

They are making good money reselling the homes and the cost of renting is going up so these rentals are turning into good stream of income and becoming very profitable. If I can be of any help to you, please feel free to contact me.
0 votes Comment Flag Fri Feb 10, 2012
An AJC article last month stated that zip codes in Virginia Highland, Grant Park and, East Lake were the only ones (in the city) to gain value over the last 10 years. I am sure there are others too, but the point is that these neighborhoods, offer a proven track record as sound places to invest. Further, they form a kind of triangle around which and with in that you should consider investing in. The diversity of housing stock an price range offers something for every investor.

I have lived, worked and played in Grant Park for almost 20 years, I know these neighborhoods well, I can help.
0 votes Comment Flag Fri Feb 10, 2012
Wherever you have a sense of comfort and value... As long as you buy 'smart'. Our office is intown, which has weathered the economic storm better than a lot of areas.
0 votes Comment Flag Fri Feb 10, 2012
As far as what to buy, look into multiplex homes. You get more bang for your buck. If you want to put less down, check out homepath.com website which requires only 10% down. If you are looking to buy several properties at one time, private funds may work with as little as zero down. I'm currently helping 6 people from around the world investing into the US market. They are buying duplexes, quads, and apartment buildings.
0 votes Comment Flag Fri Feb 10, 2012
I just posted a blog that talked about that. Area code 30306 in the Virginia-Highland area of Atlanta is a gold mine according to Trulia. But honestly anywhere in Atlanta is a bargain these days. Atlanta has the most foreclosures in the nation. So there are bargain prices available. I would be happy to show you homes in Cobb and Cherokee county.
0 votes Comment Flag Fri Feb 10, 2012
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