Is Lithonia a suitable place for real estate investment in Atlanta? (rental, homes)

[cleochan]

Hi friends,

Sorry to bother you all, I'm looking for a place to invest in US and someone recommend me a villa in Lithonia, Atlanta.

The detail address is 7887 Union Grove Rd, Lithonia, GA 30058.

Could any native know this place and can i know how you think of it?

Please advise, thanks.

[lastminutemom]

That area will not appreciate with out of country investors. Sorry. It struggles already. Absentee landlords don't help. Rental housing is plentiful and potential tenants have lots of options.

[Born 2 Roll]

lastminutemom is right.

That area is a bad choice for real estate investment for multiple reasons including a severely-mismanaged county school system and a highly-dysfunctional county government.

For your own financial well-being, avoid this potential "investment" like the plague and run the other way!

[cleochan]

Thanks for your replies.

[jero23]

I would say no, but not because of what the others have said because the DeKalb County governmental issues because that will settle itself out with time. Rather because the location of said development is so close to GA Power transmission lines. That is a big no-no alone because it's an eyesore.

[dabdel]

If I were you, I'd keep an eye on the area though. I live in this county and although I cannot dispute the feedback, most of it being true, many homes have been brought up in my neighborhood and rented out in the Lithonia area. Someone is making money!

[jeoff]

Originally Posted by dabdel

If I were you, I'd keep an eye on the area though. I live in this county and although I cannot dispute the feedback, most of it being true, many homes have been brought up in my neighborhood and rented out in the Lithonia area. Someone is making money!

I think that there are (at least) two ways you can hope to make money in housing --appreciation and income generating (preferably a combination). My guess is that in Lithonia investors are expecting income generation, more than appreciation. You can make good money on a place that you expect to appreciate very little, as long as you can make the numbers work (i.e. you take in more than you spend). If you own enough of these you can make very good money--but it is also easy to go broke too--you can overpay, rents can fall, you can have vacancies, you can be lousy at choosing tenants, you can get sued, you can overestimate your abilities---it is not for the faint at heart.