Why Atlanta?
With so many U.S. markets suffering from the effects of 'mortgage melt-down', why choose Atlanta for your real estate investing?
The short answer is that Atlanta has the greatest potential for maximizing your return on investment (ROI).
Here's why:
- Atlanta has one of the highest number of foreclosure properties in the Country.
- Even though retail sales continue to be strong in the Atlanta Market, there is a glut of homes on the market.
- It is possible to purchase homes in the $150k-$200k range and expect a retail sales price of $250k-$300k in approximately 3 years.
- Atlanta home prices did not realize the same unrealistic run-up as other U.S. Metropolitan Areas.
- The prices of Atlanta homes has remained steady, while other markets have dropped in recent months.
- Atlanta's current population of about 5 million is projected to swell to almost 10 million within 10 year.
- The average Atlanta commute time is 42 minutes and continues to worsen every year. This makes in-town property more desirable.
- As credit becomes harder to attain for the average person, the home rental market will increase over the next few years.
Market Example
It is possible to acquire a foreclosure property in the Washington, D.C. market for $400k. The projected retail price of this property in 3 years is $500k, yielding a $100k profit. The same $400k investment in the Atlanta Market would yield $200k profit in the same time-frame.
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