I couldn't believe it when I pulled some stats on a popular Georgia MLS ("Multiple Listing Service") today. (I've had my head in foreclosure cleanup marketing -- and up a few other real estate issues and haven't peeked at my boards for a couple of weeks). Did you know that Fulton County (in Atlanta only!) has a total of 741 (single family homes and condos/townhomes) listed FOR SALE for under 50K!
Yes, 741 properties under 50K. Jeez! This market is crazy.
The market is chockfull of investment opportunities for the hesitant "Latte" Investor. You know the person I'm talking about... the one that will spend $4 on a cuppa Joe, five days a week, but is jittery about picking up a home for under 10K.
The Latte Investor, particularly that 20-something year old, fresh out of college, who has the wherewithal, cronies and energy to rehab these foreclosure jewels, are perfectly suited for positive cash flow, Section 8 landlords. But something is keeping their feet planted firmly in the mud ... hmmmm.
Real Estate is the Way to Riches
Real estate is still the most feasible way to build wealth in this country. And, coupled with a nice life insurance policy, the ideal way to start building generational wealth.
Latte Investors Can Turn this Market Around
Latte Investors can turn this market around with a few small home purchases. There is so much viable inventory on the market in first-class cities all across the country.
I was a single mom, and honestly, fresh out of baby-daddy hell, in a brand new city, with no family in sight, when I picked up my first little home -- and I haven't looked back since. (I wish homes had been this cheap when I first started as a real estate investor!) Sure, there are hurdles in real estate investing, and it's normal to be somewhat cautious, but the benefits far outweigh the pain.
I'm not affiliated with these articles or blogs in any way, but they provide some interesting insight on facing fears and moving fear out of the way:
Moving Past Fear - Out of Your Head and Into Action
Success Strategies: Putting Fear in Its Place
Good luck to our new real estate investors out there. The market needs you. Come on board, pick up a few properties and start building wealth for generations to come. Go for it!
Peek at older blog posts from this blog and Foreclosure Millionaire to get an idea of what's out there in a city like Atlanta and the surrounding areas. You can also run some real estate investing and mortgage numbers and pick up some pretty helpful tips as you journey into real estate investing.
Check back often for leads on
Foreclosed Atlanta Homes and information on purchasing Cheap
Atlanta Foreclosures! Also visit
Foreclosure Millionaire Blog for More Leads and Info on Purchasing Foreclosed Atlanta Homes!
Blog by Cassandra Black
Follow Cassandra Black on Twitter Cheap Atlanta ForeclosuresAuthor of
How to Start a Foreclosure Cleanup BusinessAuthor of
Pricing Guide for Foreclosure Cleaning & Real-Estate Service Businesses: How to Price Jobs for Profit eBookAuthor of
How to Invest in a Home for Under 10K and Have a $45 Per Month Mortgage Payment!Publisher of
How to Start a Foreclosure Cleanup Business: FREE Articles & Advice Blog
