Are you an Atlanta-based property owner looking to become a real estate investor?
There's no denying that Atlanta is a great place to purchase real estate. Whether you're looking to become a landlord or flip houses for a profit, the affordable yet thriving Atlanta real estate market is a great place to dip your toes into real estate investing.
In this post, we're going to give you a quick guide on how to become an Atlanta, Georgia real estate investor. With a few key tips, you'll be making money hand over fist, so read on and get excited about your new career in real estate.
Learn About Real Estate Investing
Before you start buying up properties in Atlanta, you should consider educating yourself on the ins and outs of real estate investing. If you're looking to make this your primary source of income, then you should do all you can to set yourself up for success.
You can take online real estate courses from sites like Roofstock Academy and REI, but you can also learn by reading on your own and watching YouTube videos. These things will educate you on investment strategies for beginners, as well as how to analyze a real estate market to determine how to make successful investments.
Learn About Atlanta Real Estate
Once you feel comfortable enough to get started, look at the Atlanta real estate market. There are many reasons why investors are all-in on Atlanta, but the best one is the economic boom the city is seeing right now.
Median home prices have been on the rise as of late and it's a particularly attractive option for investors, as half of the households in the metro area rent rather than own. There are also lots of multinational corporations in and coming into Atlanta, so prosperity is only going to increase.
These are just a couple of important things to consider, but since you're looking to make investments, you need to dig deep into different neighborhoods and which ones are most viable for the type of investor you want to be.
Active or Passive?
Coming up with an investment strategy isn't something you can do on a whim, but you can make some simple decisions on how you want to go about your business. Do you want to become an active investor or a passive investor?
An active investor is someone who purchases properties and deals with them on their own, either flipping, renting, or selling to other investors. A passive investor will buy shares of a property portfolio through REITs.
There's also semi-passive investing. This would see you investing in property that you hold on to, but involve a property manager to actually deal with the property. This is a great way to get into property investing if you've got another full-time career on the go.
Becoming the Real Estate Investor You Were Always Meant to Be
Now that you understand a bit more about how to become a real estate investor in Atlanta, you can get started on your market research. Atlanta is one of the fastest-growing cities in the country, so there's no better place to start your investment portfolio.
If you need help managing your investment properties, contact us at Home River Group. We're a leading full-service property management company that can look after your property so you don't have to. Whether you need maintenance, tenant vetting, rent collection, or eviction assistance, we've got your back.