Wed, 5 October 2016
As Americans spend beyond their means and abstain from adding to their savings accounts, the demand for rental properties is growing at a phenomenal rate. Jason describes how your past and future investments in income properties will pay dividends for many years to come. And in the market profile, the Macon, Georgia market is dissected and explored. This somewhat undiscovered market ranks #2 out of 20 for highest residential rental returns. We learn the average rental home price in the market, the typical rehab costs and which employers are persuading renters to stay in the area.
[3:09] Do not skip the Flashback Friday episodes of the Creating Wealth show. They are hand picked for you.
[5:38] Macon, Georgia and other small markets can be good investments due to a limited inventory available.
[8:02] Americans are not saving money which makes it a phenomenal time to own rental property.
[9:12] This is how inflation and deflation are directly related to the real estate market.
Macon, Georgia Market Profile with Eric:
[17:00] The Macon, Georgia downtown area has been revitalized in recent years and Mercer University is expanding.
[20:22] Employment opportunities in Macon, Georgia are diverse with both blue and white collar jobs.
[22:38] Typical costs for an investor are between $80K - $125K for the home and typical rehabs are $15K-$30K.
[27:03] A property manager in Macon, Georgia charges 10% of the gross rent, but no renewal fee.
[29:37] Macon, Georgia is the second highest market for residential rental returns.
Mentioned in This Episode: