Henry County (30253, 30281)is moving fast, the foreclosures have slowed down and the rental properties are getting less in numbers as well. Since it is borderlined with Clayton County and many families might have to move to other school districts. so it has the potential on doing well in the market, the prices on the south side of Atlanta are less high then the North side of Atlanta. Fayetteville and Peachree City always do well , but it is harder to catch a great deal, but very worth it. Hope that helps.
Let me know if I need to elaborate more. Paulinemoore@charter.net
How you doin' on those flips?
You certainly have the advantage if you are a well financed purchaser with a stable team here in Georgia.
What are your flipping criteria?
Geographically, what is working?
Product - what type of a property is a good flip property to flip right now, to you?
You asked this question 6 months ago, so, I ain't doin' no April foolin' here, I'm just asking because I am curious about your experience in Atlanta over the past 6 months.
You've heard everyone say, and I mean everyone, say that it's a "great time to buy," right? Well, we all started saying that months ago! You are probably tired of hearing it!
Few bought. Were you among the few?
Did you flip any properties?
If so, was it a great time to buy?
Did you sell any of the properties in the past 6 months?
If so, did you make a profit on the sale?
Let us know!
While Atlanta and the surrounding Metro Area are chock full of great investment opportunities - I would be remiss if I did not point out that they are not "short term flip" sales.
Due to the glut in available home sales - and the inventory that seems to be growing daily - a short term flip is almost unheard of. The rate of return cannot be scientifically guaranteed at this time - and most investors are digging in for a long term commitment.
This is not to say they aren't out there, but it would require a great deal of research - and a "hit/miss" attitude.
I will tell you that the time to purchase rental properties is now. Reasonable, affordable rentals go like hot-cakes. I would concentrate my time and effort in this arena for the now.
That would depend upon your definition of "best." If you are looking at flipping, I'm assuming you are looking at single family homes? Atlanta is currently experiencing strong growth both into the city AND into the suburbs, both North and South!! Being a strong buyers martket here, there is certainly potential to find some excellent properties in all parts of the city. So it would also help to know your time frame for turning the properties around and selling. I would advise you to consult a professional directly if you are seeking specific answers directly. Having some more background on your goals would certainly help!!
There is still a lot of development in town and that could be a good way to go - I would fear giving you specific zip codes without knowing more details. Areas west of downtown seem to be having some good sales for young buyers. Thanks!