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    Atlanta Ranked Number 10 For Extremely Healthy Real Estate Market

Atlanta Ranked Number 10 For Extremely Healthy Real Estate Market

Atlanta’s real estate industry is booming. If you’re a property investor near Atlanta, you probably already know this. Atlanta was ranked number 10 for its healthy real estate market. See, WalletHub compared over 170 cities in the United States. Though Atlanta took 69th place among those cities for job opportunities and competition, the real estate market still thrives!

If you’re an investor or if you flip houses, Atlanta can be one of the most profitable cities to focus on. Besides WalletHub’s ranking, this year, Forbes and Local Market Monitor listed Atlanta among the cities where growth appears most sustainable. The Atlanta-Sandy Springs-Marietta metro area ranked seventh in a list ranking the best cities for investment real estate. Forbes found the three-year population growth at 4.9 percent and the one-year home price growth at eight percent! The three-year price growth forecast for the metro area? A whopping 24 percent!

Plus, the good news for property investors is that home in the Atlanta area are undervalued right now by seven percent when compared to the historic ratio of price and local income. All of these factors make the Atlanta area a prime market for real estate investors.
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 […]

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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 […]

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 […]

Tax Cuts and Jobs Act Allows Business Owners A Tax Break On Roofing Projects

Consider this: The Tax Cuts and Jobs Act offers business owners a new way to recover costs on projects including roofing projects as long as it’s on a qualifying project.
What is a Qualifying Project?
A depreciable tangible personal property purchased to use to conduct business counts as a qualifying project. The new Tax Cuts and Jobs Act lets businesses avoid devaluation on capital investments with expected lifespans of 20 years or less. So, while some roofs may last longer that 20 years, Everyone knows the lifespan of an asphalt shingle roof is considered 20 years.

Plus, the maximum investment is $2.5 million!

The new tax law includes business improvements, if you can believe it. Imagine deducting the cost of a roof all in one single year! The brand new Tax Cuts and Jobs Act is expected to extend through 2025, so there’s no need to rush. Remember, we’re hard money lenders, we’re not tax experts. So, check with your CPA to make sure you do everything needed to take advantage of this opportunity!

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 […]

How And When To Obtain A Business License In Nashville

If you’re considering purchasing a property in Nashville to use for business, you’ll need a business license. If a business is located within the Nashville city limits, the owner must pay for a business license or a minimal activity license. The fee for that is $30. Now, if the business is outside the city limits, but still in the county, the owner still has to pay for a business license or a minimal activity license. Outside the city limits, the fee is just $15 though.

If your gross receipts fall between $3,000 and $9,999 during a fiscal year, you only need a minimal activity license. This license is renewed annually.

The City of Nashville makes it easy to get a business license. You can download and print the application right from their website.

You have to include the following information on the application:

Business name
Business address
Business telephone number
Owner’s name(s)
Owner’s home address
Owner’s home telephone number
Owner’s social security number
Copy of owner(s) driver’s license
Signature of each owner

Don’t forget, you still have to report your gross receipts to the Tennessee Department of Revenue each year.
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 […]

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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 […]

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    Explanation of South Carolina Building Codes Enforcement Officers

Explanation of South Carolina Building Codes Enforcement Officers

 

If you’re flipping houses in South Carolina, you’ll want to know more about the building codes enforcement officers. Here’s a quick reference guide.
Building Official
A Building Official performs tasks and inspections for the local jurisdiction’s building department. They must carry a certification as a building official (CBO).
Commercial Inspector
A Commercial Inspector performs onsite inspections in at least two construction disciplines. You know, like electrical and plumbing or building and mechanical. What they inspect is decided by the local jurisdiction that employs them. They have to have  certificates or examination records from a recognized code organization. They must actually be certified in two or more commercial inspector disciplines.
Residential Inspector
A Residential Inspector  perform onsite plumbing, building, electrical, and mechanical inspections on residential homes that are three stories or less in height. Also, the dwellings have to have 16 or less units per building. Plus, the total building has to be 5,000 square feet or less. All Residential Inspectors are been certified in the four residential inspector disciplines.
Single Discipline Inspector
A Single Discipline Inspector is just what the title sounds like. They inspect only one construction discipline. They are, of course, certified in that one discipline.
Plans Examiner
A Plans Examiner performs the building plans reviews. They are certified in the discipline of commercial building, electrical, plumbing, and mechanical plans.
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 […]

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 […]

Don’t Ever Skip The Inspection On An Investment Property

A home inspection fee starts at around $400 and goes up from there. A quality home inspection is critical, unless you are professionally trained to recognize even hidden damage in a structure. Sometimes you can’t see roof damage, outdated electrical system issues, or a hidden water leak. These issues can become very expensive, very quickly. They can be costly, even if you are skilled at DIY home repair.

A home inspector looks for proper grading away from the structure, leaks from the septic field, damage to exterior structures and landscaping issues. The inspector checks railings on stairs, notices if downspout drainage is placed properly, examines ridge and fascia board lines, checks for structural damage. The home inspector looks to see if windows or door frames are bowed, and why. Exterior surfaces are examined. They check insulation, plumbing, and evidence of foundation damage. This is just to name a few things.

If you don’t know how to check for proper plumbing installation or how to check an electrical service panel, you shouldn’t rely on your own judgement.

A quality home inspection can save you a tremendous amount of money, so don’t skip it.
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 […]

  • Interior designers usually consult with clients for less than $100.
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    New To House Flipping? Spend An Hour With A Professional Interior Designer

New To House Flipping? Spend An Hour With A Professional Interior Designer

If you’re new to house flipping, paying for a consultation with an interior designer might be a good investment. Typically, an hourly fee for a consultation from an interior designer is less than $100. In that hour, a designer will throw out a bunch of suggestions for changes they might make to a home you intend to flip. They have lots of ideas. Though they won’t be able to design and implement the changes to your investment property in just one hour, the advice they provide during the consultation can help you get started on your own.

They may suggest some furniture ideas that could help you with home staging. It’s likely they will throw out color ideas for paint, carpet, curtains and counters. For less than $100, these ideas can really help you plan your remodel. Even small suggestions can go a long way, so don’t forget to jot down every suggestion during your consultation.

Expertise looked at 134 interior designers serving Atlanta, Georgia and created a list of the top 21. Check out their top picks for interior designers by visiting this link. It offers these experts’ websites and contact info as well as a small blurb about each design firm.
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 […]

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