As many investors have noticed, Georgia has seen upward real estate trends for the last two years that have made it one of the best states for real estate investors. As of August 2021, the average sale price for the state reached $315,000, marking a nearly 17% increase from the previous year and representing a five-year high. Homes are spending an average of 23 days on the market, which is 28 less days on average than 2020 and highlights how active the current markets are. While low housing inventory is making it harder to secure an opportunity, ABL focuses on closing deals quickly to make sure you stay competitive.
The rental market in Georgia is also very strong for investors looking to utilize the BRRRR strategy. For example, the average monthly rent price in Atlanta is currently $1,645 which marks a 12% increase year over year. The city has a high rental population of 56% renter vs owner with an average rental vacancy rate typically hovering around 7%, representing a very healthy rental market for BRRRR investors looking for rental property that can provide steady ROI over time. ABL helps investors by providing a variety of flexible rental loans, focusing on long-term returns with competitive interest rates.
After starting as local direct lenders in Hoboken New Jersey in 2010, ABL has grown into the premier hard money lender for real estate investors across the east coast. We’ve lent nearly $1 Billion across thousands of loans, helping investors secure opportunities in fix and flips and new construction, as well as offering cash out refinances and loans for rental property. Our flexible underwriting lets us tailor loans to match the investor’s specific project, whether you’re looking for maximum leverage, lower interest rates, zero points, or something else. With no income verification required and no pre-payment penalties, ABL offers the most accessible hard money loans for real estate investors of varying experience levels.
Please check out our hundreds of five-star reviews to see why Georgia real estate investors should choose Asset Based Lending as their hard money lender. With loan approval in 24 hours and closings in 10 days or less, ABL is ready to provide investors the best hard money loans Georgia has to offer. Contact us today to qualify for your loan and experience the ABL Difference.