10/9/11: Market Spotlight – Exploring Atlanta, Georgia

One of the largest metros in the United States, Atlanta is strategically located in the southeast and serves as a major transportation and distribution hub. We like that because it means those jobs, and all the businesses (and those jobs) that rely on being near that infrastructure, are probably more likely to stay in the area.  In times like these, it’s really important to pick your markets carefully!  Maybe it’s just us, but we prefer the ones with jobs for our tenants. 😉

To learn more about Atlanta, Georgia we invited two market experts to visit our illustrious studios.

Under the headphones and behind the microphones for this exhilarating episode of The Real Estate Guys™ radio show:

  • Your peach of a host, Robert Helms
  • Your peach fuzzed co-host, Russell Gray
  • The Godfather of Real Estate, Bob Helms
  • Atlanta residents and market experts, Ken Corsini and Bruce Carlisle

So we were hanging out at an airport (something we do often) and over-heard these two guys talking about great weather, low cost of living, strong population growth and solid rents.  Our ears perked up, and we invited them to be our guests on the show.

Not really.

Actually, we’ve been talking on the show about the importance of strategic market selection and some of the qualities we think are important in a real estate market – especially for long term buy and hold real estate investing.  The next thing you know,  Ken Corsini calls and asks, “Have you heard about the Atlanta real estate market?”

Well, of course we’ve heard of Atlanta.  But after about 10 minutes it was obvious we really didn’t know that much…but Ken did.

Now we get these calls all the time (don’t you wish you were us?  We know we do!), but before we invest valuable air time we decided to throw down (which is better than throwing up) a few hoops.  After all, we like to know who we’re putting on the radio.

So we asked Ken to fly to Dallas and hang out with us at one of our recent field trips.  And he did!  This gave him a chance to hear all about Dallas (a market we like a lot) and let us know how Atlanta stacks up in comparison.  Not dismayed, he showed up in Dallas and took notes, asked intelligent questions and Ken began our education on the investment opportunities available in Atlanta real estate.

The short of it (we know, it’s already been long) is that we discovered Ken’s a really nice guy, he knows Atlanta very well, and he impressed us enough to invite him onto the show.

As a special bonus, Ken brought along his associate, Bruce Carlisle, who’s not only a lifelong resident of Atlanta and a raving fan, but he’s also a long time real estate practitioner that has been nice enough to write a special report on Atlanta (which is conveniently located in our Special Reports library and yours for the asking).

So without stealing too much thunder from the show, we found that Atlanta has a young, well-educated population,  great education and transportation infrastructure, and offers its residents and businesses a very friendly, low cost place to live and do business.  So far so good!

Toss in great weather, lots to do, and a strong and diverse economy – and it’s no wonder that Atlanta has enjoyed strong population growth over the last decade.  People like it!

Of course, once all the basics of a strong long term real estate market are in place, what we really want to know is whether the numbers make sense.  When Ken and Bruce started telling us about prices and rents, we got excited about getting to know this market better.  So sometime in the near future,we’ll be heading out for a pre-field trip scouting trip.  And if we like what we see,  The Real Estate Guys™ just might be organizing an Atlanta real estate field trip.

For now, to find out more about the Atlanta real estate market, listen in on the conversation and be sure to check out Bruce’s special report on Atlanta.  We learned a lot and we think you will too!

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