Ready To Achieve More…Passive Income?

I was talking with Mark Stehle, one of our many talented agents, and he was telling me about a recent transaction he had with a new investor. Mark's client, Mr. Kellogg, was thrilled to find a nice home for under $50,000. As Realtors we can preach the message that now is the time to buy but nothing is more compelling than hearing it from a happy client. Get ready to smile as you read how real estate investing is helping Mr. Kellogg grow his financial net worth and ultimately improve his life. If you are ready to grow your net worth and be "happy" like Mr. Kellogg - give me a call at 678-298-1600. I will help match you with a knowledgeable, hard-working, and competent Realtor.

I think this is about the lowest the market is going to get in pricing before it starts edging back up, particularly around metro Atlanta. If you can buy a house for the price of the bare land, how can you go wrong? So much is out there for $50,000 and under - the price of a car or less - why not stretch a little and get one.

I found a house for $46,000 - put in a little cosmetic work (literally paint & fancy lighting) and put a listing on Craigslist for room to rent/house to share, just to see what I might get. I got a slew of responses from all over the country.... college professors, soldiers, some scaling down, some students. Within the first week i pulled the listing because i had too many candidates to pick from. I wish I had 10 houses. Before I closed on the house I had two great guys ready to move in. One soldier from Texas staying in a hotel, trying to find a place so he could begin a year's assignment at Fort McPherson. He needed a nice furnished place for one year - bingo. A week later, another great guy from Delaware was looking for a furnished room/home to share for an 18 month assignment in Atlanta. MARTA accessibility was a big sales point; close/in-town was too. I met the second guy and his wife, they loved the house, loved the other guy, both really cute/nice, paid up front. They even do the yard work, cleaning, enjoy the place like it was their own and i don't have to worry about who's watching the house. I gave them both great deals on rent, nice place to live and combined it more than pays the monthly expenses and I get to own the house.

I am literally refinancing this most recent one now and going back to see if my Realtor can find me another "steal" - that's all you could call this house. They're out there. We looked at lot of homes before we found it but well worth the hunt. When I retire and these homes are worth 5-8 times what I paid and tenants are making the payments for me? I am a happy. Deals and desperation in housing aren't going to get much better than this so I'm going to stretch and try another. Be a great landlord,select them well - there is an abundance of good people needing a place that doesn't cost them a lot and treat them well, they'll watch out for you and your place.

Sincerly,
Kevin Kellogg

Comment from Mark Stehle (Realtor): Can you believe my client, Kevin Kellogg, purchased this house for ONLY $46,000 (actually $45,900 if you want to get technical about it)? What a deal or "Steal" as Kevin puts it. Three bedrooms, two baths, high ceilings, updates, walking distance to Fort McPherson and MARTA rail lines, great rental potential and more.