Investing in Atlanta, GA’s real estate market is a very attractive proposition right now. Atlanta is enjoying steady population growth, and according to Forbes Magazine, the city is one of the top ten cities in the nation for new construction and currently sits as the #1 rental market in America. It has been rated the 4th best city to invest in America by CNN Money.
Why Not Atlanta?
A city that pops with investment opportunities is also a city that embraces growth. Atlanta does exactly that, with its airport being a national and international destination point for over fifty-five countries. This translates into new business and job opportunities for the already 145,000 private sector firms located in Metro Atlanta. This city is a natural cash flow zone that is neatly cross pollinated by superb cultural, sports and world class entertainment events.
Solid Economic Base
Atlanta has benefited from having excellent public school ratings in many areas, as well being home to a number proud and distinctive top tier colleges and universities, including: Spelman and Morehouse, Emory and Georgia Tech. These top notch universities continue to generate students with talent, skill and professionalism for the area’s job market. These students have become entrenched in the upwardly mobile social fabric. The result is that the city of Atlanta is one of the nation’s most stable and fastest growing cities. Job growth is a crucial factor for investors, and Atlanta has the 3rd fastest growing jobs market in the nation, as well as the third most corporate 500 company headquarters (e.g. CNN, The Home Depot, UPS, The Coca-Cola Company, Delta Airlines, Sun Trust Bank).
Cost of Living is Low
Residents of Atlanta enjoy living in one of the least costly cities in the nation – the 4th most affordable city in the country to live in according to Forbes. This is great for investors, because it means that tenants have more disposable income to spend on things like single family housing. Atlanta also is one of the leading job relocation cities in the nation, and many of these new arrivals are searching for wonderful single family rental homes.
Better Investment than Stocks
When the economic downturn hit, cities like Dallas, Houston and Atlanta continued to show signs of growth. As a matter of fact, large investment firms have been heeding billionaire investor Warren Buffet’s recent remarks concerning investing in single family homes. In case you missed his comments, Buffet explained that in cities that have good solid housing stock and are growing, purchasing single family homes at a discounted rate will perform better than Stock investments over the long run. REO prices are at all time lows in cities like Atlanta, and smart investors are able to generate huge cash flows by purchasing these discounted properties, and then renting them out. Don’t miss out on this opportunity of a lifetime, consider investing in Atlanta, GA real estate.