Best areas to buy property in Atlanta

[Tryska]

Originally Posted by southkakkatlantan

Why East Point/College Park?

Cute historic houses on the 75/85 side of both towns - one of the last affordable ITP areas (pretty much anything south of I-20 and inside 285 is included in this), and new construction happening along main street as well.

Plus - they are Google Fiber Cities, East Point and College Park are on the existing South MARTA line and Hapeville will be on the Clayton Spur when that gets built.

[girl from NC]

We are closing on a house in the Mozely Park neighborhood next week. Yippee!!!
It is directly on the Beltline, I love to ride my bike so this was a major plus for us.
We have been looking for the last 5 months for something under 50k that didn't need much work. We looked in Adair Park, West End, Westview, Capital View (BTW love Perkerson Park)
It has easy access to 20, and 2 metro stations.... Great area!
Happy House Hunting!

[Tryska]

I totally would 3rd Adair Park, Capital View, Capitol Hills, Sylvan Hills, Perkerson Park as well. South of I-20 also, plus pretty houses, plus beltline access.

[cqholt]

Originally Posted by jeoff

There is certainly still money to be made in Edgewood, Kirkwood, Candler Park, etc. and other places that everyone knows about. I would avoid places poised to be the "next Kirkwood"--not because it won't happen, but because I wouldn't bet my money that it will happen in 5 years--it could just as easily go down in that time. If you have the money to invest in the lowest of the low end (with decent buildble lots) in these sort of places, that's where I would invest in the city. If you are looking at inveting at around 100K or less, I would probably look to the suburbs at distressed sellers/properties in good school zones (I have made every mistake in the world, and still did OK with the Parkview district in Lilburn investing much less than 100K). The art of it is to make money in the buying--getting into Lak Claire with Kirkwood money, getting into Kirkwood with Edgewood money etc.. If it was easy everyone would do it--but you only have to find that one property (or seller). LovelySummer might not agree with anything I say, and she is definitely more hardcore than I am, but an old post of hers is worth a look...

I'm flattered that areas want to be the 'next Kirkwood.'

[DaBurgh]

Originally Posted by southkakkatlantan

Why East Point/College Park?

Location and prices are still depressed from the Recession

[GatorATL]

Originally Posted by jeoff

There is certainly still money to be made in Edgewood, Kirkwood, Candler Park, etc. and other places that everyone knows about. I would avoid places poised to be the "next Kirkwood"--not because it won't happen, but because I wouldn't bet my money that it will happen in 5 years--it could just as easily go down in that time. If you have the money to invest in the lowest of the low end (with decent buildble lots) in these sort of places, that's where I would invest in the city. If you are looking at inveting at around 100K or less, I would probably look to the suburbs at distressed sellers/properties in good school zones (I have made every mistake in the world, and still did OK with the Parkview district in Lilburn investing much less than 100K). The art of it is to make money in the buying--getting into Lak Claire with Kirkwood money, getting into Kirkwood with Edgewood money etc.. If it was easy everyone would do it--but you only have to find that one property (or seller). LovelySummer might not agree with anything I say, and she is definitely more hardcore than I am, but an old post of hers is worth a look...

I'm curious what leverage she has (or thinks she has) in negotiating. Are the sellers in such dire straights that they need to sell immediately? If anyone tried to nickel and dime me on my place I'd tell them to go pack sand. This is a sellers market and another buyer will come by shortly.

[jeoff]

Originally Posted by GatorATL

I'm curious what leverage she has (or thinks she has) in negotiating. Are the sellers in such dire straights that they need to sell immediately? If anyone tried to nickel and dime me on my place I'd tell them to go pack sand. This is a sellers market and another buyer will come by shortly.

Honestly, I think a lot of people on CD exaggerate a little to make a point, but as far as having a thick skin, doing your research, and making your money on the buying of a property, I think she is spot-on. There are folks out there that make huge mistakes in the maintainence, presentation and marketing of a home, and a well-informed, patient and persistent buyer can take advantage of this. A place can be over-priced for years, and not sell, and the seller may give up and accept a low-ball offer at less than market. You really minimize your risk on an investment, when you can do that.