It seems that quite a lot of vacant apt. complex on the market in Atlanta GA. Is it a good time to buy?

What is the housing market in Atlanta GA? Without knowing the area how to decide if it's a good investment?
In Buying Property - Asked by ling C. - Jan 28, 2009
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Answer(s)

PAUL N.
Broker/Agent
Macon, GA

It truly depends on location and quality of the apartments.
Call me if you need more help.
Paul 404-516-5228

Jan 28, 2009
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Joe V.
Owner/Investor
Plymouth, MI

It will almsot always come down to financing. Sometimes this is the case due to the area comps either being to high or too low...I'm talking about the rent comps. If you have a Class "B" aprtment in an area of class "A's", your market is looking somewhere else. This is actually the best case though since you have the opportunity to make a big profit if you can finance the upgrades

Jan 28, 2009
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Lou A.
Corporate Investor
Northlake, IL

That is easy. Do they cashflow from the start? Are they going to continue to cashflow in the next 2 years? The answer to the 2nd question means you need to know the job market in the area, the comparable rents, vacancy rates, etc. If it looks good then go for it.
Now, answering whether it cashflows requires some work on its own - I hope you know how to do that. All the best!

Jan 28, 2009
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Tai L.
Broker/Agent
San Diego, CA

Why Georgia? Have you thought of other places?

May 22, 2009
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