Here at i Fund Cities, we know that it’s not always easy getting into new residential real estate investment markets, even if the opportunities are knocking at the door. Atlanta is trickier and more highly competitive than most urban areas to get into for most investors, being a cosmopolitan city. Luckily for you, once you partner with us, you’re not “most investors.” We will guide you through funding, property acquisition, rehabilitation, and management of Atlanta real estate.
What Makes Atlanta a Good Place to Invest?
Affordable for residents
According to PWC’s Emerging Trends In Real Estate publication, Atlanta’s ranking in overall real estate prospects was 11th in the country. While people might frown at it being just outside the top 10, it’s one of the biggest cities in the South and the country as a whole. It came ahead of several strong center cities’ suburban markets.
Furthermore, its strength has been seen in its abject defiance of the negative financial effect the pandemic has had on the housing market. These trying times have inadvertently increased the influx of millennials into the area in their search for less expensive housing.
Attractive to Businesses
It’s a wonder how affordable the Atlanta real estate market is given all the city hosts’ business powerhouses. Coca-Cola, UPS, and Delta are some of the big names that call the city home. These businesses have created a lot of employment opportunities. Atlanta’s strong economy has led to an influx of employers, employees, and job seekers taking up residence.
Consequently, a strong rental market has emerged. The largest demographic is between 26 and 36 years old. Many of them are unwilling to buy property. Most of these people are college-educated workers who desire living arrangements that are flexible and low-maintenance. That’s why rental arrangements make a lot of sense to them. It, ultimately, makes Atlanta a good place to invest in residential real estate properties to rent out.
The International Influx
Atlanta is also among the top 10 fastest-growing cities in the United States. According to the United States Census Bureau, the population of Atlanta city, Georgia, was estimated at 506,811 in 2019 – a population spike of 18.7% since 2010. A global economy results in a cosmopolitan city resulting in a surge in both local and global persons. Real estate investors know that it’s better to have people from all over moving into the city and not simply organic movement within the city when picking a market.
This increased number of new Atlanta residents can be attributed to the high number of colleges and universities in the Atlanta region. It has the 7th highest student enrollment among America’s urban areas, with over 250,000 students enrolled every year. Potential Atlanta real estate investors will be delighted to hear that it draws out around 5.7 million visits a year for alumni events, campus tours, conferences, commencement, athletic, arts, and culture events.
All these students will need somewhere to stay, and so will family and friends when they come to visit. This creates a dual opportunity for Atlanta real estate investors in the rental market and the Airbnb scene.
The Best Neighborhoods in Atlanta for Investment
These are Atlanta City’s best neighborhoods for investment:
- Median rental price: $1,690 per month
- Median property price: $367.000
- Median rental price: $1,195 per month
- Median property price: $153,000
- Median rental price: $1,380 per month
- Median property price: $350,000
OLD FOURTH WARD
- Median rental price: $1,328 per month
- Median property price: $399,000
- Median rental price: $2,868 per month
- Median property price: $350,500
LITTLE FIVE POINTS
- Median rental price: $1,200 per month
- Median property price: $420,000
- Median rental price: $1,600 per month
- Median property price: $269,000
- Median rental price: $1,500 per month
- Median property price: $755,000
- Median rental price: $3,200 per month
- Median property price: $263,000
Financing for Atlanta Real Estate Investors
If you’re investing in the real estate market, consider bringing your finances and business to Atlanta. It is a booming economy that has housing opportunities for people at all points of the financial spectrum. However, there are challenges you’ll face on your path to real estate ownership in Atlanta or its suburbs.
This is why we’re here. We’ll offer financing that includes fix and flip loans to help our residential real estate investors get their assets up and running. In addition to funding, our team will give you all the empowerment you need to get your real estate investment journey started in Atlanta. Get in touch with us today.
Built for Investors by Investors
i Fund Cities is an “alternative” lending platform offering custom real estate funding options for every level of investor, across a full range of lending products. As investors ourselves, we are just like you: hustle and grit, not suit and tie.
We give you speed, transparency, knowledge, and a personalized investing partnership that you are just not going to find anywhere else.