Real Estate investors in Georgia have been quite successful over the past several years due to a very stable real estate market that has been able to persevere through the latest real estate market slowdown. Many investors across most parts of the state have realized the tremendous opportunities before them. For example, coastal areas of Georgia from Tybee Island to Brunswick, Georgia continue to see excellent investment opportunities and inland areas such as Macon and Columbus, Georgia that contain many charming residential areas that were in need of restoration still have many areas left for the savvy real estate investor to make an excellent living while helping restore areas to their former condition.
There are many ways that one can achieve success as a real estate investor. One method is to purchase properties in need of repair at a discount and renovate them for a quick sale. Many investors refer to this type of investing as flipping. Another method with more of a long term strategy for real estate investing is to purchase properties and rent them to tenants who can offset the mortgage payment. The return on investment is quite different from one method to the next and as a landlord, you will need to plan out a long term strategy that begins with a methodical approach to understanding the real estate market and the potential appreciation a particular property might have over a longer period of time. Monthly income on one rental property is usually not enough to sustain oneself so if you are interested in becoming a landlord, you must familiarize yourself with the process and plan on long term passive income from a property that you have rented with a positive cash flow.
The future looks good in Georgia for real estate investors, and, with a strong state economy coupled with a rapidly growing population, investors should have plenty more opportunities to continue investing in real estate for years to come.
Ryan Ward of Keller Williams Realty Consultants is a member of the national, state and local REALTOR associations, and resident of Alpharetta, Georgia who specializes in listing and selling real estate in Sandy Springs, Roswell and Alpharetta. For more information about Georgia real estate investing visit his Georgia Real Estate Investors forum.