Atlanta Housing Source

$415,900

ELEGANT 4 SIDE BRICK HOME IN A GATED COMMUNITY. OPEN FLOORPLAN FEATURES A MSTR STE ON MAIN W/SITTING AREA, SPA BATH W/JETTED TUB, FORMAL DR, KITCHEN W/KEEPING RM W/FIREPLACE, GREATROOM W/FIREPLACE & VAULTED CEILING. FULL DAYLIGHT BSMT. HUGE PRIVATE FENCED IN BACKYARD. TOO MUCH TO LIST! MUST SEE!!

GRAYSON HIGH SCHOOL. CALL MARK 404-886-8789 FOR MORE DETAILS.

Bedrooms: 3 | Bathrooms: 2.5 | Square Feet: 1650

$140,000 

POSSIBLE SHORT SALE – ALL OFFERS SUBJECT TO BANK APPROVAL. GREAT LOCATION NEAR MALL OF GA, EASY ACCESS TO HWY 20 & I-85! BEHIND NEW BRAVES STADIUM (GWINNETT)! INTERIOR HAS HIGH CATHEDRAL CEILINGS IN LIV RM & 10′ IN BDRM. WALL-TO-WALL CARPET. WOOD FLR IN BDRM. POTENTIAL 4TH BDRM OR OFFICE IN UPSTAIRS LOFT. BACK PORCH/BALCONY. GREAT VIEW IN BACK AND FRONT.

SCHOOLS:
ELEMENTARY – ROCK SPRINGS
MIDDLE – CREEKLAND
HIGH – COLLINS HILL

SHOWING INSTRUCTIONS:
CALL CO-AGENT W/ QUESTIONS, JOEY GRAVELL (678) 463-4005.

DIRECTIONS:
I-85 NORTH TO EXIT 115, GO EAST TOWARD LAWRENCEVILLE. GO 1.1 MILE, TURN RIGHT ON TECH CENTER PKWY. TURN LEFT ON CEDAR DR. TURN RIGHT ON SUWANEE POINTE DR.

Posted by: mark@AtlantaHousingSource.com | www.AtlantaHousingSource.com

As a real estate investor, you likely have visions of a life filled with easy income and plenty of free time for travel and leisure. Although real estate investing can certainly bring you wealth and a lifestyle most people only dream of, you need to be aware of common mistakes made by new investors. Being aware of these errors can help you avoid them, and build a profitable investing business that will support the lifestyle you desire.

The single biggest mistake made by new real estate investors is lack of planning. Many new investors fail to develop a long term strategy, instead choosing to plan as they go along. Without a clearly defined set of goals and a detailed plan for achieving them, you will likely make investment decisions that are not optimal for long term profitability. The properties you choose for purchase should fit your investment strategy, not the other way around.

The second mistake make by many investors is failing to properly account for cash flow. While you are the owner of an investment property, you are responsible for not only the mortgage payment, but also the property taxes, insurance, maintenance, association dues, and other expenses that come with owning that home or apartment building. If you find that your rental income is not covering your expenses, you may find it difficult to raise your rent without losing tenants. If you are renovating a home for resale, the property may sit on the market for several months before you locate a qualified buyer. Make sure that you have adequate cash flow to cover expenses during this period.

A third common mistake new real estate investors make is planning for only one exit strategy. If you buy a property with the intention of renovating and selling it, you will need to develop another exit plan if the house doesn’t sell. You could rent the house out until market conditions improve, or offer a buyer a lease-purchase option. Your back up strategies might be less than ideal, but they can keep you from losing money on your investments.

The fourth common mistake is thinking that real estate investing is a ticket to fast wealth. Unless you realize from the beginning that investing takes hard work, patience, and a long term plan, you are likely to become discouraged and give up before you start seeing the kinds of profits that will allow you to live a life of freedom.

Finally, the fifth mistake made by many new investors is deciding you can handle all of the aspects of investing yourself. It’s impossible to be an expert at every facet of real estate investing, so a smart investor will develop a “team” of professionals, such as an attorney, an accountant, property manager, a real estate agent, and several remodeling and maintenance professionals. This will ensure that all aspects of your business are handled correctly, and free up your time so you can continue to develop your real estate empire and long term wealth.

If you are interested in getting started in real estate investing and are interested in Georgia properties, we would appreciate the opportunity to serve you. Find out more about us at http://www.AtlantaHousingSource.com.

3 Bedrooms with 2.5  Baths in Snellville  – $120,000

4700 Bridle Point

Buying a property as a real estate investment, fixing it up, and selling it quickly is an attractive real estate investment strategy. The potential for large profits can be a great reason to purchase a “fixer upper”; however, you need to be aware of the risks as well as the rewards of buying such a property.

The major advantage of buying a fixer upper is that you can often obtain such a property below market value, giving you plenty of opportunity to sell it at a profit later. Often, the owners of fixer uppers are financially unable to make the necessary repairs to such homes, and would rather sell the properties than worry about upgrades and repairs. This gives you the leverage to negotiate a lower price.

The first major downside to this investing strategy is that you will have to front the costs of the repairs yourself. You can make an estimate of repair costs when evaluating a fixer upper home for purchase, but you’ll need to build in extra costs for undisclosed damage and surprise repairs. Properly accounting for repair costs is critical to your success as a real estate investor – being too optimistic about repair costs can cause you to end up spending more on renovations than you can make with the resale of the home.

Another risk of buying a fixer upper is that the home may be located in a declining area. While some fixer upper homes are located in desirable neighborhoods, many more are in areas where neighboring properties are also in disrepair. If this is the case, it will be difficult to sell your investment home, no matter how much time and money you have spent renovating the property.

Finally, you should be prepared for the risk that it may take quite some time to find a suitable buyer for the home, no matter what kind of neighborhood the property is located in. You will need to sell the home for substantially more than your purchase price, and buyers may be hesitant to pay much more for a home than it was worth six months or a year ago.

3 Bedrooms with 1 Baths in Mableton  – $88,000

FANTASTIC RENOVATION JUST COMPLETED. LOADED WITH UPGRADES! LARGE BONUS BUILDING IN REAR HAS WATER AND ELECTRIC COULD BE ADDITIONAL LIVING SPACE OR WORKSHOP! HOUSE HAS NEW KITCHEN, NEW BATH, NEW ROOF, NEW HVAC, NEW CARPET/PAINT, NEW LIGHTS, NEW APPLIANCES. GREAT PRICE! FREE HOME WARRANTY!

Call Mark Lackey with Atlanta Housing Source at Solid Source Realty for more details - 404-886-8789

3 Bedrooms with 2 1/2 Baths in Snellville  – $130,000

BEAUTIFUL CONTEMPORARY HOME. HARDWOOD FLOORS IN FAMILY ROOM. EAT-IN KITCHEN WITH BREAKFAST BAR. NEW PAINT AND CARPETS. HUGE LOWER LEVEL PERFECT FOR MEDIA ROOM. FENCED IN BACK YARD IS GREAT FOR FAMILY OR PETS. PRICED TO SELL, THIS WONT LAST LONG!

Call Mark Lackey with Atlanta Housing Source at Solid Source Realty for more details - 404-886-8789

3 Bedrooms with 1 Bath in Suwanee  – $137,000

NEWLY REMODELED HOME. HARDWOOD FLOORING THROUGHOUT. NEW APPLIANCES, PRIVATE WOODED BACKYARD BACKS UP TO GEORGE PIERCE PARK. GREAT LOCATION ONE BLOCK FROM THE SQUARE IN SUWANEE. LARGE DECK OFF BACK OF HOME GREAT FOR ENTERTAINING!

Contact Bill Wagner with Atlanta Housing Source  at Solid Source Realty for details – 770-316-5519

4 Bedrooms with 2 1/2 Baths in Snellville  – $169,000

LIKE NEW CONDITION! THIS HOME HAS MANY UPGRADES. STAINLESS STOVE, REFRIGERATOR & MICROWAVE, TRAY CEILINGS IN ALL BEDROOMS WITH CEILING FANS, MASTER RETREAT WITH LARGE SITTING AREA WITH BAY WINDOW, MASTER BATH HAS SHOWER & GARDEN TUB.

Call Mark Lackey with Atlanta Housing Source at Solid Source Realty for more details - 404-886-8789

3 Bedroom with 2 Baths in Grayson GA – $117,000