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Advice on buying a $9000.00 house…

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I have a house listed for sale for $9000.00. The house is located at 1245 Byewood Lane in Southwest Atlanta. It’s a short sale. It’s open for showings. It’s pretty big. It backs up to the city of Atlanta’s “Oakland City Park.” I get inquiries from around the world about it – it has been on the market for over a month, yet no one seems to want to buy it. Oakland City is in one of the most distressed zip codes in the country, 30310. Regardless, in my opinion, 30310 has a great twenty to thirty year outlook - it's the zip that I will buy in when I start landlording new properties again. Here’s some advice I’ve offered recently to a potential investor – a guy from Australia: I  told him - check out these links that detail current trends in and around 30310: 1.  Fort McPherson redevelopment 2. Lakewood Fairgrounds redevelopment 3. Ford assembly plant redevelopment and the recent commitment by Porsche North America The way … [Read more...]

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