Substantial Investment Property Income
Metro Atlanta, comprised of 28 counties, is home to more than 5.3 million people and more than 145,000 private-sector firms. As a major regional financial center and the seventh-largest metropolitan area in the United States, Atlanta is a vibrant environment for both living and investing.
Why so attractive?
Atlanta's industry and infrastructure is crucial to the US, its population is educated, and its culture is diverse; it is fundamentally positioned (and famous for) attracting business and talent. Being the primary epicenter for transportation and business in the Southeastern United States, it acts as a staging point for international business: domestically and abroad.
- 8th largest economy in USA
- 17th largest economy in the World
- 10th largest cybercity (high-tech) in USA
- 7th most visited city in the US (tourism)
- Offices 1,250 multinational corporations
- Educated workforce: 43% w college degrees (vs 27% US avg)
- Busiest airport in the World (ATL)
- Primary transportation hub for USA SouthEast
- >75% of Fortune1000 companies operate within
- 3rd largest concentration of Fortune 500 companies in USA
- Georgia is "Landlord-friendly"
- Georgia recognizes the CA-US Tax-Treaty
What makes the situation here unique?
New building has stopped, while the population continues to grow. The US Housing Crisis, over-leveraging, and consumer credit default alongside the over-building of Atlanta has caused significant price declines resulting in massive foreclosure inventories...yet despite flat prices and declining ownership, population and residency increases (aka tenancies are rising). These facts, alongside Atlanta’s underlying fundamentals signal a significant Real Estate buying opportunity.| | | | | | | | -->
Key Location & InfrastructureAtlanta is the domestic and international staging point for the US SouthEastern region. Home of Delta airlines, Hartsfield-Jackson Atlanta International Airport is the world's most-traveled airport serving over 90 million passengers annually. 80 percent of the U.S. can be reached within a two-hour flight and 90 international destinations in 55 countries can be reached nonstop.
Education & EmploymentAtlanta attracts talent. Atlanta is a top higher-education metro area with institutions including Emory University, Georgia Tech, Georgia State University and many technical colleges. Young, educated professionals are a significant sector of the workforce.
Cost of Living & Quality of LifeAtlanta's below average cost of living and attractive quality of life are key to Atlanta's predicted growth. Atlanta offers residences that are more spacious and considerably less expensive than other major metro areas, with a cost of living consistently ranking below the national average. Residents have many recreational and entertainment choices including professional and collegiate sports, theatrical productions, art exhibitions, community festivals, golf, tennis, and shopping.
Favorable ClimateAtlanta's moderate climate continues to drive the population growth experience over many decades. As part of the Southeast region, the four seasons of the year are discernible yet never extreme. Snow is extremely rare as are 100-degree summer days.
Current Housing MarketForeclosure pricing has opened significant discount buying opportunies in Atlanta. Investment properties are now 50% to 70% of the previous resale prices. This is significant when rent prices have only fallen about 20% and are back on the rise (this means cash flow has increased significantly)
Population growth (= demand)Atlanta is a market where 125,000 net new people move to every year, therefore the demand for housing is great. Although Atlanta currently still has too much inventory due to the building explosion for the last decade, statistics predict Atlanta will be one of the first markets to bounce back (due to demand).
Rental DemandAs lending guidelines have made it more difficult for first time home buyers and marginal credit buyers to purchase real estate, the need for more rental homes continues to rise. More than 50% of the population in Atlanta are renters. Additionally, Atlanta’s stable rental market keeps vacancies low, rents robust, and the ratio of rent to home value high. That means more reliable cash for investor/owners at a favorable rent-to-investment ratio.
Favorable Landlord LawCompared to many states, Georgia laws favor landlords! It is therefore unusual for the landlord to not receive possession and a judgment, except in cases where the landlord is clearly negligent (such as disregarding major repairs or not keeping the property safe and livable). The eviction process, when necessary, takes only 3 to 6 weeks from beginning to end. In Georgia, hardship is not considered a valid defense for non-payment of rent.
Learn More about Georgia Landlord Tenant Law