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Old 02-22-2015, 09:44 AM
 
Location: Somewhere
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What are areas you would consider buying property in in the Atlanta area right now? Main motivation is buying in an area that has the most potential for a moderate-significant increase in property value over the next approximately 5 years...
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Old 02-22-2015, 11:14 AM
 
Location: Blackistan
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Go west, young (wo)man.
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Old 02-22-2015, 11:21 AM
 
Location: Somewhere
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Quote:
Originally Posted by Pemgin View Post
Go west, young (wo)man.
Woman.

Are you talking "West Midtown" West....or further West?
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Old 02-22-2015, 11:29 AM
 
Location: Blackistan
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Many of the neighborhoods on the west side of town are poised for considerable appreciation in value. Westview, West End and Adair Park are nice neighborhoods with affordable properties that will benefit considerably from the Beltline's Westside Trail, which is under construction. I think Mozley Park is probably going to be on the upswing, too.

By affordable, I mean you shouldn't have trouble finding a lovely 3 bed/2 bath bungalow for sub-$200k.
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Old 02-22-2015, 11:43 AM
 
Location: Kirkwood
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Adair Park, Washington Park, Westview, and West End.
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Old 02-23-2015, 08:47 AM
 
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East Point, College Park and Hapeville too.
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Old 02-23-2015, 09:32 AM
 
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Edgewood?
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Old 02-23-2015, 10:53 AM
 
Location: Kirkwood
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Quote:
Originally Posted by ladeef View Post
Edgewood?
Edgewood is seeing a lot of tear-downs, new construction on empty lots, and remodels.
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Old 02-23-2015, 12:12 PM
 
Location: Somewhere
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Quote:
Originally Posted by Tryska View Post
East Point, College Park and Hapeville too.
Why East Point/College Park?
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Old 02-23-2015, 12:26 PM
 
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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...
Quote:
Originally Posted by LovelySummer View Post
My investment strategy is God thing + being highly meticulous and a fierce negotiator. Most of my properties fall into my lap (the God thing part) and I don't have much time to do a ton of deals so I wait for the big ones (the ones that will reap a large profit upon sell) that come to me and I become the seller's worst nightmare employing every trick in the book to depress the price as much as possible. I also deal with only the most hard core tax people and agents. If you are not more fierce than I am in your advice to me, I cannot be bothered with you. Take no prisoners. I use all my attorney powers for evil over the executory period. That's mostly it. Nothing about anything that I do with regard to real estate has anything to do with emotion. I am completely cold with it and nothing matters but the numbers. So no real strategy in terms of anything anyone would expect.

I don't hold them for any real length of time and my motto is you ought to be able to sell it the day after closing at a profit or else it's not worth the time of day. I don't deal in hopes of appreciation.

Last edited by jeoff; 02-23-2015 at 12:37 PM..
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