When you decide to invest in rental properties and real estate, there are markets all over the country that you can choose for your investments. Atlanta provides a unique and exceptional investment opportunity. Smart investors who are involved in this market point to five specific reasons that Atlanta is an ideal place to buy rental property.
Atlanta is the Capital of the South
If you’re not from this area, you might not know that Atlanta is considered by locals to be the capital of the South. People who graduate from colleges and schools in the southeast region know that Atlanta is the place to be after you graduate. It’s where people with all skills and backgrounds can find a good job, and there are lots of economic opportunities. There’s a lot of action and people are always moving into the Atlanta area.
Attracting Business Activity
Atlanta is home to many Fortune 100 companies, including:
- Delta Airlines
- Georgia Pacific
It’s also the location of the U.S. headquarters for Porsche. Porsche is actually well along in its development of a test track right near the Atlanta airport. So, you can fly into Atlanta, test-drive a new Porsche and if you like it – go ahead and take it home with you. And most recently, Mercedes-Benz has moved their USA headquarters from New Jersey to Atlanta and has purchased naming rights to the new Falcons football stadium under construction.
Growing Hub for Information Technology
Atlanta is an IT center of excellence. General Motors has their information technology center here, just north of downtown Atlanta. There are also a number of medical technology companies in the area. Even a stock exchange keeps its IT company here. Atlanta’s IT growth means a lot of jobs and a lot of investment in the future. Professionals in this field are coming to Atlanta for the employment opportunities and the tech community. Atlanta is also home to Georgia Tech, one of the best engineering schools in the world!
Atlanta’s Attractive Pricing
Homes in Atlanta are priced reasonably, especially compared to other big cities like New York, Boston and west coast cities in California. With the price of investment property so affordable, you have a much higher potential to have positive cash flow on the real estate you buy.
Exciting New Projects
Atlanta continues to grow.
There are a lot of new projects currently underway, which is a sign of a city on the move. We have two new sports complexes that will be done by 2017 for the Braves (baseball) and the Falcons (football). We have a new soccer team and two new cultural centers; the Human Rights Museum and the College Football Hall of Fame.
There’s the Atlanta Beltline, which runs around the perimeter of the metro area and also the Atlanta Streetcar Project. We are again expanding the airport, which is already the biggest in the world.
These are all good reasons to buy investment property in Atlanta. The time is right, and you’ll be glad you decided to buy here instead of other markets that have more challenges than benefits.