As someone who studies & observes the market on a daily basis I am consistently blown away by the opportunities presenting themselves for investors to take advantage of. Depending on their investment strategy (buy & hold - long term rental; buy, lipstick fix, short term rent, large renovation & flip; or buy & flip; buy, assemble & develop)
I'm seeing incredible opportunities in Dekalb County, Fulton County, Clayton County (yes - the school system nightmare creates opportunities for the right type of investors), & Cobb County. The City of Atlanta has opportunities that will blow your mind! There are multi-family dwellings going for as low as $3,000! Yes, this opportunity isn't for the inexperienced b/c it's a gut job, but it's a rental landlords dream of a positive cash flow for government assisted renters.
We've got opportunities in East Atlanta, Kirkwood, Ormewood Park for dilapidated homes that are a fraction of what many would expect to pay for a lot. When could you have imagined having a custom built 3/2, 4/2, or 3/2.5 with high-end finishes for 250K-300K - 5 minutes from the heart of the city in a vibrant neighborhood?! Well, it's happening right now and if you've got the cash to throw down you have a HUGE advantage. Think about the fact you can tell a seller or a bank that they will be able to let go of a burden in less than 2 weeks, without worrying about financing/appraisals/etc. & you pay a fraction of the closing costs compared to a deal requiring lender financing.
Whatever your strategy - there are opportunities that pop up every few weeks (depending on your strategy) that will lead to early retirement & incredible opportunity. The challenge is telling the difference between a marginal deal and the STEAL - which usually only lasts a few hours (trust me there are plenty of multiple offer situations still occuring in this market). Heck, there was a 2/2 condo overlooking Piedmont Park that had previously sold for 268K that hit the market for 123.5K and was gone in hours w/the agent having to cut off the offers b/c his office was flooded. You just need someone looking out for you & calling asap on the big red emergency phone to put the offer in immediately.
If you're interested in learning more or need to evaluate what you consider to be a great deal in the Atlanta Market, feel free to email me at mike@michaelneville.com or call 404-310-8364 and I'll be happy to discuss it in greater detail.
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