Investment Properties

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    Average Atlanta Rent Growing Three Times Faster Than National Median

Average Atlanta Rent Growing Three Times Faster Than National Median

According to a report on Atlanta rental trends, the city’s rents are growing substantially. The price of rent in Atlanta is growing three times faster than the national median. Three times! Meanwhile, as noted previously, Atlanta home prices are going up steadily. This may lead more people in Atlanta to rent rather than buy. Even still, homes in metro Atlanta are in the bottom quarter of the most expensive cities, so many investors find these conditions perfect for rental property investments.

The rent prices people are willing to pay are growing three times faster than the national median. These increases outpace even San Francisco. If you’re looking for a good place to invest in real estate, Atlanta should be on your list. Plus, the area is enjoying a surging rural economy too. Atlanta was also ranked number 10 for its healthy real estate market.
Are You Looking for a Hard Money Loan to Flip a House Or Buy A Rental Property?
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 after-repaired value of the collateral—and if you […]

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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 […]

Real House Flipping Is Not Like The Reality TV Shows

If you’re a professional house flipper, you might get frustrated by the reality TV shows. We all know that real house flipping is nothing like how it’s depicted in the reality TV shows. For example, no handy investor  picks from a pool of three fixer-upper homes. A great deal of thought is put into investing. Dozens, sometimes hundreds of houses are considered before choosing a home to flip.

Market conditions and local dynamics are taken into consideration. Investors even take into consideration local ordinances, difficulty of permit processes compared to other areas, and the velocity of listed homes. Realistically, investors consider on average at least 75 homes before purchasing one to fix up and resell or fix up and rent.

Unfortunately, the general public thinks property investors breeze through the process making mounds of cash, just because they have funding. Realistically, it takes skill, smarts and determination to make a fortune flipping houses. We know, because we work with intelligent, dedicated craftsmen every day. We understand the industry and the need for expediency of funding. We take your job seriously, and look forward to working with you.

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 […]

What To Plant Under Pine Trees To Spruce Up Your Rental Property

If you’re not sure what to plant under pine trees to spruce up your rental property, we have the perfect idea! Not many flowers do well under pine trees. Many landlords just add some mulch and be done with it. Yet, well pruned pine trees with flowers beneath them are beautiful. The pine trees’ needles increase the acid in the soil, so few plants can even survive.

Creeping phlox loved the increased acid in the soil. It’s suitable for hardiness zones 4 through 8 and is beautiful! Creeping phlox forms a large mass of color in the spring with a long bloom. Plus, they’re deer resistant! To plant under pine trees, merely rake up the needles where you want to plant the phlox. Never add different soil. If you want to add just organic matter like compost, that is fine. Use shallow holes and keep them level with the ground. Use the pine needles you raked up as the mulch. You only need to water if the phlox are wilting, but only water in the morning. That way the leaves have time to dry. Remember, these are perennials, so they’ll be back next year too. If you need to divide them, do that in early spring.
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 […]

What If Your Rental Property Gets Beg Bugs?

Some things you can’t prevent, like the possibility that your rental property could get bed bugs. What happens if a tenant moves out and you’re left with the bed bugs they brought with the in their furniture? Here’s the bad news: It costs upwards of $5,000 to inspect, clean and exterminate the average home severely infested with bed bugs. The good news is that when the rental home or apartment is empty, eliminating bed bugs can be less expensive and less of a hassle. Calling an exterminator is the easiest option, but you can take additional steps on top of that.

In addition to that though, you can pick up some food grade Diatomaceous Earth (DE) to help fight against bed bugs resistant to chemical extermination efforts. DE is a non-toxic barrier that can kill and prevent bed bugs. All you do is find the areas in a home where bed bugs are hiding. They don’t like bare floors, they like to hide. Even still, don’t sweep and mop the floors before you tend to the bed bugs. That will just spread them around.
Do You Really Want To Keep The Carpet?
Pulling up the carpeting and then treating the floors beneath might be a wiser choice in the long run. (Besides, tenants love new carpeting.) Just don’t pull and replace the carpeting at the same time. Don’t install new carpet until the bedbug elimination process is complete.
Steps To Eliminating Bed Bugs Using DE
Get a vacuum with strong suction power and disposable bags. Do not use a bag-less vacuum. Before you start vacuuming, also vacuum up a little DE. This will get the DE along the entire surface of the bag and help make sure that they […]

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    Nashville Has Big Plans For Mass Transit, Could Lead To Significant Growth

Nashville Has Big Plans For Mass Transit, Could Lead To Significant Growth

Though it seemed like a May 1 vote in Nashville that shot down mass transit for the city sealed the deal, it turns out mass transit is back on the table. Nashville Councilman Swope told News 2 that everything is back on the table as far as looking at creating a new plan for Nashville. Now, the City of Nashville is back at it with big plans for an extremely modern mass transit system. The vision includes light rails, commuter rails, and a larger bus fleet. They are even considering double stacked freeways and self driving buses! All of this means that progress might be in store for Nashville. As a property investor, you might pay attention to the area.

Nashville is already growing by over 100 people per day. Once mass transit is improved, the stretch of real estate for rental properties or homes increases along the same path. So, keep an eye on the plans for that mass transit and be ready to pounce once you know the areas that will be sure to grow as soon at the mass transit plans are completed.
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 […]

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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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    Standard Deduction Increases for 2018, Freeing Up Some Extra Cash For Renters, Home Buyers

Standard Deduction Increases for 2018, Freeing Up Some Extra Cash For Renters, Home Buyers

Just a heads up: This year, changes to the federal tax law bring increases to the standard deduction that people can use when filing their 2018 taxes. Most Americans, including renters and home buyers of your investment properties claim the standard deduction, avoiding the hassle of itemizing on their federal tax returns every year. For 2017, the standard deduction for a married couple was $12,700.

Next April, the standard deduction for the same couple will be $24,000. Generally, this means a lower tax liability for the average renter or home buyer. Additionally, the Child and Family Tax Credit doubles per child to $2,000. Plus, the actual payable (refundable) portion goes up to $1,400 per child! This means a potential refund check for some who have not previously gotten refunds, even if they didn’t actually pay federal taxes. On top of that, some people with dependents (such as children older than 17) will see a tax credit of an extra $500.

In many cases, that will mean cash on hand and the ability to finally cover moving expenses or down payment costs on a mortgage. Obviously, some will pay off debt or take a vacation, but many others will use the money to finally purchase a home or move into a better rental. So, keep that in mind as you check out potential investment properties this 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, 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 […]

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