Best Regards,
Adrian Provost
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.
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
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
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
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.
I have lived, worked and played in Grant Park for almost 20 years, I know these neighborhoods well, I can help.
