Investments

Heads Up About Fulton County Property Tax Bills

If you’re thinking about an investment property in Fulton County, you should be aware that the Fulton County Board of Assessors announced a 25 percent median increase in the year’s home appraisals. Last year, Fulton County residents complained about drastic assessment increases. After those complains, Fulton County decided to keep assessments the same as the year before. Still, that won’t work this year. See, according to law, tax assessments must be close to market value and Fulton is doing very well.

Still, in Fulton County, the board of assessors did tell the public they would investigate properties that might have been wrongly appraised. In total, the board will have to review over 80,000 properties though. Tax bills will arrive any day now.

Still, just this week, WSB-TV Atlanta reported that Fulton County now faces legal action. The county is accused of “sales chasing,” or raising the assessment to its sales price while leaving other properties unchanged. Reportedly, one lawyer is considering a class action lawsuit over the matter.

There are great investment properties in Fulton County. That is certain. Just be prepared ahead of time for the possibility that taxes may be higher than you’ve anticipated.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, or the North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten […]

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    Atlanta: One Of Top 10 Metros With People Willing To Be ‘Super Commuters”

Atlanta: One Of Top 10 Metros With People Willing To Be ‘Super Commuters”

If you’re a property investor, you should know, people are willing to be “super commuters” just to work in Atlanta. People seek cheaper housing away from the inner city, and are willing to drive for over 90-minutes just to work in the city. The trend is similar all across the nation, but Atlanta has an increasingly high number of super-commuters. That means that if you can snag a home outside of Atlanta, it might still be a good investment.

A whopping 4 percent of Atlanta’s working population commutes great distances to work. The city ranks ninth on the list of top ten metros in the entire nation for the highest concentration of super commuters. It has a robust economy and plenty of great jobs. The trend is only expected to increase with population growth. Households are priced out of the inner suburbs and far out of the inner city for many Georgians. So, while looking for areas to create rental properties or flip houses, take a look outside of the city, past the inner suburbs. You’ll likely find a gem in the rough worth investing in.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, or the North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.

Call us at 404-814-1644 or contact us online to find out […]

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    Houses With Solar Panels Sell For Up To 40% More Than Predicted

Houses With Solar Panels Sell For Up To 40% More Than Predicted

If you’re in the house-flipping business, you should know that people are willing to pay a lot more for a house with solar panels. Actually, first-time home buyers pay up to 40 percent more than predicted for entry-level homes with solar panels. Most of this stems from millennials yearning for greener amenities. They know that solar panels will save money in the long run. They find it advantageous not to have to have them installed. If they’re ready to go when they move in, their energy bills go down right away. In sunny states, many homeowners can even sell off their excess solar energy to the local energy company.

Plus, right now and through 2019, people who purchase solar panels qualify for the 30 percent tax credit. Keep this in mind when pricing out systems if you’d like to upgrade a home you’re investing in. This single feature has shows the greatest unexpected increase in home sales for entry-level homes. It’s a premium feature, but will absolutely set you apart from other homes if the area is hot for the millennial generation.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, or the North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.

Call us at 404-814-1644 or contact us online to find out whether you might qualify […]

Southwest Atlanta May Be In For Serious Economic Growth

 

Just a heads up to our property investors following out blog: Southwest Atlanta is likely about to experience some expanded economic activity along the Westside Trail and the are around the transportation corridor.

See, Atlanta Beltline officials just announced a new affordable housing project in Adair Park. Amenities for the $15 million project include a picnic area and a community garden. These days renters flock to developments with community gardens, so it’s a smart plan. Other investors are also interested in the vicinity.

Check out properties around Beltline’s Westside Trail and Urban Farm and near MARTA’s West End station. The new plans for the area is expected to generate jobs and significant economic activity. This might be the best time to pick up a rental house as an investment property. No cash on hand? That’s OK. Hard money loans are where we come in. So, if you find the perfect investment property, contact us right away!
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, or the North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the […]

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    U.S. Conference of Mayors Projects Atlanta Population Growth: Nearly 9M Residents Within Next Three Decades

U.S. Conference of Mayors Projects Atlanta Population Growth: Nearly 9M Residents Within Next Three Decades

Within the next three decades, Atlanta’s population is expected to be nearly nine million people! Projections from a U.S. Conference of Mayors believe that Atlanta will leapfrog over large metros like Philadelphia and D.C. to become the U.S.’s sixth largest city.

Projections for our city indicate that Gwinnett will become the largest county in the region. Fulton County would come in second. Also, the Hispanic population is expected to more than double. Meanwhile, residents age 65 and older is expected to more than triple!

This indicates that Atlanta may be a great choice for investors. Investment properties for both residential and commercial needs will be in demand. With the population growing now, don’t miss out. If you need a hard money loan to get a property into tip top shape before you begin renting it out, we’d love to help you out. We are a legitimate and direct hard money lender. We aren’t a broker agency.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, or the North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the […]

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    Big Businesses Requesting Municipal Approval Indicates A Neighborhood Prime For House Flipping

Big Businesses Requesting Municipal Approval Indicates A Neighborhood Prime For House Flipping

Keep your eye on the neighborhoods in which big businesses try to get into. Is a Panera Bread or a McDonald’s requesting local permission to build? If you start to notice corporate interest in a particular neighborhood, that’s a good sign that an area is about to see a lot of growth. Want a lucrative investment property? Paying attention at city council meetings can be helpful. First of all, they might know something you don’t. Remember, they aren’t going to waste their money developing if their research departments feel the market doesn’t have potential. Also, once they are there, renters and buyers generally find the area more appealing. They bring job opportunities and convenience.

Also keep an eye on future plans for developments like parks or street upgrades. If a city has the go ahead to put in a new municipal park, think of how much more appealing the properties will be for buyers. Paying attention to these trends that indicate growth can help you maximize your profits when house flipping or purchasing rental properties.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, or the North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the […]

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    How To Appeal The County Assessor’s Property Value In North Carolina

How To Appeal The County Assessor’s Property Value In North Carolina

 

North Carolina’s property tax is “ad valorem,” so you’re taxed based on the property value. But what happens when you disagree with the county assessor? The assessor revalues properties within the county at least every eight years. So, if you get a wrong value placed on your property, you could be paying the wrong tax on it for the next eight years!

It’s partly your responsibility to check your assessed value, if you own property. The good news is there is recourse. If you disagree with the assessment, you can appeal it. Imagine being over taxed for your property for nearly a decade. If the assessor’s value seems wrong, you can appeal it. To appeal your property’s assessed value in North Carolina, you can go to the local board of Equalization. Often you can just make informal contact and assessors will work with you, if they’ve made an error.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value […]

Know The Signs Of A Problematic Foundation

If you’ve decided to invest in real estate, you can save yourself a lot of time by recognizing signs of foundation damage right away.  Keep in mind, if you find only minor problems, it might still be worth hiring a professional evaluation, rather than just walking away from the investment property. Every little foundation issue doesn’t mean that you have to walk away from the deal. With experience, you’ll learn to recognize which homes to walk away from and which warrant the cost of a closer inspection.

Foundation cracks and floor cracks should be investigated further. Likewise, look for wall fissures and broken chimneys. These can both indicate a problem with the foundation. During the first two to three years after a structure is build, sinking is common. Tiny cracks approximately 1/16″ thick are extremely common.  But if you find horizontal cracks in the concrete block walls or brick exteriors, you might have a problem. Horizontal cracks are considered more serious, because it means that the perimeter of the structure is under too much pressure. When cracks are at a 45 degree angle, you may be looking at severe foundation movement. Stair-step cracks in brick exteriors appearing in the corners also warrant a closer look.

Even still, if you find one single vertical crack, your foundation might be moving upwards. Foundation upheaval is the opposite of settling. This is usually caused by moisture in the soil.  Sometime, it can be caused by under-slab plumbing leaks.

Check for doors that stick or don’t open and close properly. This can mean some kind of disturbance in the foundation. If you notice doors sticking, check for other signs of foundation problems. Other things to look for are counters or cabinets […]

  • Will a popcorn ceiling reduce the home value?
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    What Should You Do About Popcorn Ceilings When Remodeling An Investment Home?

What Should You Do About Popcorn Ceilings When Remodeling An Investment Home?

If you are buying an investment home with popcorn ceilings, consider removing or replacing this textured ceiling treatment.  They date a home and are associated with dirt, dust and asbestos. These old spray-on or paint-on ceiling treatments were once very popular in bedrooms and hallways, but they aren’t popular anymore. Sure, they hide imperfections and offer nice acoustical characteristics, but they are not preferred these days. Home buyers equate them to asbestos, dirt and dust, because many contained asbestos and they usually would get painted more often than cleaned!

Before trying to remove this treatment yourself, contact the health department. You should be able to have them test a sample. If it contains asbestos, your best bet is to invest in tongue-and-groove planks to cover the ceilings. If it doesn’t contain asbestos, the hardware store offers a solution to soften the textured ceiling treatment. Sometimes, people find that there is gorgeous plaster in great shape beneath these roll on popcorn ceilings!

Don’t pass on an investment property just because of  popcorn ceiling, but remember when you’re flipping the house that many other people will do just that!
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a Hard Money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, North and South Carolina metropolitan areas.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value of the collateral—and if you use the loan for renovation or construction, the loan amount can be based on the collateral’s improved […]

Most Common Problems Identified On A Home Inspection

Have you ever wondered what the most common problems found by home inspectors are? Most problems are relatively easy to fix. So, don’t let these be deal breakers if you find an otherwise good investment.

Faulty wiring is common, but not usually a costly problem for an electrician. Often they find open junction boxes or wires without wire nuts. Easy fixes. Water on ceilings often terrify purchasers, but if it’s caused by faulty plumbing, the repairs can be no big deal. Inspectors commonly find poor drainage causing basement leaks. That’s not always hard to fix either. Bad gutters cause a myriad of issues, but are easy to replace or repair. Foundation flaws like small cracks aren’t always a huge deal. The inspector can inform you of the severity. Poor maintenance like worn shingles or a cracked driveway are also easy to repair, so don’t despair!

Now, if your inspection finds that your roof needs replacing, you could be looking at more than seven grand. If the house is in a flood zone, you might consider just running the other way. If you find major foundation issues, it might not be worth your investment. If all of the wiring is aluminum, you’ll need to replace it. That can also cost thousands, so make sure you’re prepared for that kind of cost investment before you sign the final papers.
Are You Looking for a Hard Money Loan to Flip a House?
Paces Funding is a Hard Money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, North and South Carolina metropolitan areas.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to […]

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