Investors are taking advantage of the fact that nearly 28 percent of homes listed in Atlanta experienced a price drop last month. This makes Atlanta among the markets with the largest year-over-year increases in homes with price drops. Since we know that Atlanta has many areas that are growing, this makes for potentially prime investment real estate.
Now, it might not be the best idea to buy a home to flip in the area right now, but it is perfect for investing in an Atlanta rental home. This is a great time for investing in Atlanta real estate after years of intense completion for home buyers in the area. This softening of the market means that investors can be a little more selective in their rental property purchases.
Only two markets showed bigger price drops: Las Vegas and Seattle. In Seattle, a whopping 37.1 percent of the homes experienced price drops. In Las Vegas, 28.1 percent of the homes on the market experienced price drops.
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 use the loan for renovation or construction, the loan amount can be based on the collateral’s improved value.