My New Blog

Investment Homes under $20,000 in Jonesboro, Georgia

Clayton County Georgia Real Estate

WOW, WOW, WOW

Clayton County Georgia is primed for a chance for investors to make a huge change to their net worth.

Currently, May 12, 2011, there are 106 properties in Clayton County Georgia listed under $20,000!!! These are homes people!!! Probably the biggest asset most families will own in their lives…well maybe not at these prices.

I met a gentleman a couple of years ago and he mentioned to me that he was interested in purchasing investment homes in Clayton County, more precisely, Jonesboro, Georgia. I told him it was a great time to buy an investment home and he told me that he had to save up a little cash to buy and could I send him some available properties. Of course, I said I would, and when I did the search for him with his criteria it turned up over 100 homes under $50,000 I was shocked. Since that initial meeting, I have helped him and his family purchase 12 investment properties in the last year in Jonesboro, Georgia and surrounding cities in Clayton County. I do not believe they bought one property over $40,000.

I always do a ton of property history prior to the investors making offers on the properties, and I believe every mortgage or security deed on the homes these investors have purchased, haven’t been under $75,000 from the previous owners. What that means is that the lenders lent the previous owners at least $75,000 against the value of the home.

These investors are purchasing these homes pennies on the dollar when you do that math. Granted the market is down and they are buying and holding the properties, but just think of the personal financial wealth they will accumulate within a few years when the market turns. They are holding these properties in a portfolio and renting them out. Typically the rent is $700-$950 per month. Do the math…they will have their initial investment back within 2-3 years from the rent role, and own a property that is, hopefully, appreciating back to at least the previous value before the market dipped. To sum it up, most of these purchased will have paid them back all the money they have invested and increase in value by 4 times what they purchased them for in, hopefully, 4-6 years!!!!

I can't explain the feeling I get when I help my investors find properties under $40,000 and they close at $18,500. Older home (1970's), all brick, four bedroom, 2 bath with hardwood floors listed for just over $40K and we offer $18,500 and the bank accepts...WOW!!! Two years ago the bank loaned $111,000+. What an equity standpoint our buyers have!!!

Please note that these properties are typically within 10 miles of the busiest airport in the world, Atlanta Hartsfield Jackson Airport. Homes and investment properties for sale in Jonesboro, Riverdale, Morrow, and Lake City and all around Clayton County, Georgia seem to keep coming on the market and create the best investment opportunities in our local area real estate.

People, there are some incredible deals on bank owned properties and I just wrote 6 offers, and not one was over $40K. We are in a time of great opportunity!!! The people that buy a primary residence or an investment property with Susan Annis & Ernie Johnson now, will probably put us in their wills!!! ha ha

For additional information please call or email us!!!

Ernie Johnson 404-218-3874

Susan Annis 770-294-8796

susanandernie@gmail.com

http://susanandernie.com

The value of pasture land and horse farms in Georgia is destined for a sharp increase in the very near future.

Georgia is looking to position itself perfectly in the path of the horse racing industry.  Our climate,  the affordability of land, the proximately to major interstate thoroughfairs, not to mention the busiest airport in North America; Hartsfield-Jackson Airport, and the educated labor force all slot Georgia as a perfect location for a new, grandiose horse track.

Being a Realtor in Georgia and primarily doing business just south of Atlanta in Coweta and Fayette Counties, I am pushing for the rumors to be true.  I hope we pass the bill and welcome the equestrian industry with open arms.  Rumor has it that Coweta County is being considered as one of the proposed track sites.  What that means to the local businesses and land owners is soon to be seen.  Property values could potentially double or better. 

The industry and every facet associated with it will create a huge cash infusion in Georgia.  I see no reason to appose something that has the potential to really put Georgia on the map as a equestrian industry favorite. 

Horse breeders, veterinarians, trainers, tack suppliers, tourist... anyone associated with the equestrian industry will all come to Georgia because of the new horse track.

My partner, Susan Annis, and I are both full-time, full-service Realtors and would love to discuss or assist anyone with the foresight to see that the time to buy in Georgia is now, before the track is built!!!

Here is a link to an article from the Atlanta Journal Constitution in regards to the horse track.  

http://www.ajc.com/sports/horses-could-be-off-785004.html

Again, if you are considering moving to Georgia we would love to be your Realtors!!!

Ernie Johnson 404-218-3874   Susan Annis 770-294-8796

Southern Classic Realtors