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It’s not that bad.
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Any Property Management recs in Seattle area? :(
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people need to live, regardless of what the market does. in a down market there will still be tenants who will rent out for enough to make your cash flows positive, it’s just harder to find them.
Yeah my issue is finding one that cash flows. I feel that’s incredibly hard in ATL
Visual Storyteller
It’s a growing area still - if you can find something reasonable and have adequate capital for improvement, etc., I’d say go for it. Be prepared to buy a fixer upper and put in some money/time. Buying completely “done” properties limits your upside potential for a bit and obvi are more expensive upfront. Good luck!
Agreed, it’s tough to find one in a good neighborhood at a decent value
Mentor
If the market will not come down then it’s not overvalued. This is the definition of market value.
No I’m talking about governments incentivizing home builders through tax breaks and zoning allowances. Biden/Harris launched a plan a few months ago on this so curious to see how it plays out
Coach
If you were to graph the next 60 years of housing prices in Atlanta, starting with today, today would be the cheapest price
Not sure about that one. If you started from 2000 to 2060 the cheapest date would’ve been 2010-2013, lowest monthly payments in 2021 with sub 3 interest rates
It depends on your goals, if your looking for something turnkey it’s going to be a hard market to cash flow, but over the long term if you can hold on to it the appreciation out pace the lack of cash flow. If you are looking for a deal with immediate cash flow probably not the right market for you.
Considering that, but I’m still early in my career and moving around