Adee Weismark Keller Williams
Counties: Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Fulton, Gwinnett, Henry and Rockdale counties, and the city of Atlanta
Cities and Towns: Greater Metro Atlanta
Licensed Since: 2014 | GA License # 356815
About Adee Weismark
Ten years into my career, I have flipped 100 houses, assisted on purchasing tens of rental properties, and I own one rental property now where my head contractor lives. While my journey in real estate is successful, it has taken many years of hard work and coaching to hone my craft and be able to assist real estate investors from all over the world. Having a contracting business in addition to real estate investing has helped me serve many clients who feel they have a partner they can trust with their investment. My team can help with searching for and bidding on properties, getting estimates, renovating, and passing off to a strong property management company that fits the investor's profile. I am most proud of the time my team and I take to educate investors on the entire process of real estate investing. Each investor has different expectations and the laws vary from state to state. It is imperative to us that everyone understands all aspects of the real estate investment and is able to make educated decisions.
To learn more about Adee, listen to his interview on The Rental Income Podcast:
Metro Atlanta is a great place to invest in real estate for two reasons: cap rate and appreciation. Cap rates average 8-12% on rental properties. While this may sound standard, this is coupled with an appreciation of 3-10% for properties all around Metro Atlanta. There is a major shortage of houses for people to buy as well as properties for people to rent. Both rents and house values rise due to this extreme shortage of inventory in the Atlanta market. Atlanta is a growing city with headquarters of many large and respected global companies like UPS, Coca Cola, Home Depot, and Delta Airlines who is the largest airline in the busiest airport in the world, Atlanta's Hartsfield Jackson International Airport.
Investment Price Points
A typical investment in a rental property in the Metro Atlanta area ranges from a purchase price of $75,000 to $300,000 (and in some cases more). The cap rate for an investment is generally 8-12% with expected appreciation of 3-10% annually. Lenders are happy to lend to qualified buyers of investment properties with rates only slightly higher than for owner-occupants. Section 8 housing (government assisted rent programs) has a shortage of thousands of rental units leading to guaranteed rent and a potential long-term tenant.
Free Report: Demographic and Housing Data on the Atlanta Market
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