Georgia Rental Property Producing Strong ROI
High quality of life scores and affordable living compared to the rest of the United States has made Georgia an excellent state for real estate investors, especially with its rental market. Across the state, the average Georgia rent prices have grown 6.2% year over year which provides a healthy boost to real estate investors that hold rental property in the state. Since the average Georgia rent is still more affordable than the United States average, it makes renters more comfortable and more willing to continue with rental leases rather than looking towards home ownership. Some markets in Georgia are providing extremely strong ROI for BRRRR investors. For example, as of June 2021 the average rent price in Atlanta reached $1,645 which marks a 12% increase year over year. The city is a highly desirable rental market and the ongoing demand continues to raise prices considerably each year, but still priced below the national average to make it enticing for tenants to continue renting. With 57% of the city renting versus owning, Atlanta rental property is one of the strongest real estate investments in Georgia.
Asset Based Lending is in touch with local Georgia real estate markets and trends which helps make our rental loans and rental refinancing programs so successful. We offer our term rental loans throughout the entire state, allowing real estate investors to scale their rental portfolio quickly and efficiently. Whether you’re looking to invest in your first rental property or are a seasoned professional looking to expand your portfolio, ABL is here to help. Contact us today to be approved for the most reliable rental loans GA has to offer.
Why Investors Choose To Purchase Or Refinance Georgia Rental Property
Some real estate investors are looking for quick profits through fix and flips, but others want to build long-term wealth by buying and holding income-producing assets. By using rental properties to generate passive monthly income or refinancing rental loans to access capital immediately, investors can quickly fund their next project to expand their real estate business faster than before. This kind of long-term investing strategy has become very popular in recent years and is known as the BRRRR method. BRRRR is an acronym that stands for buy, rehab, rent, refinance, repeat. The strategy is simple: investors purchase a property they plan on holding, they renovate it to increase its market value, they rent it out to generate passive income, they refinance the loan to pull cash out and get more favorable terms, and then they repeat the process with another rental property. This allows investors to rapidly expand their rental portfolio and set themselves on a path of financial freedom thanks to the consistent monthly income.
Getting a loan for rental property can be difficult, but Asset Based Lending makes the process fast and simple. ABL manages your short-term rental loan from start to finish and uses as much of the same documentation as possible for the transition into a long term refinance, saving you time and ensuring you the most competitive rates possible. Our team of experts awards experienced investors with reliable capital and professional draw management to keep your project funded from start to finish without delays. With over a decade of successful lending and over 150 five-star reviews, ABL is the premier choice for rental loans in Georgia. If you’re ready to start utilizing the BRRRR strategy, contact us today to be approved for your private rental loan.