CNN Money and Business 2.0 listed Atlanta as the #4 top market for investing in 2008. Fortuity Group has partnered up with a top Atlanta investment company that purchases REO (bank owned) properties at a significant discount, and then fully renovates them. Fortuity Group clients are able to acquire these properties with just 5% down, at a purchase price that's 15% below appraised value. These units are typically $100-$250 a month pre-tax cash flow positive on an amortized loan after all typical monthly costs (including property management). Very experienced property management is in place and most homes are already rented. Renovations are guaranteed for 6 months. Seller will cover the initial leasing fee and will also pay the first 3 months of rent! Seller also covers closing costs, so you can get in to one of these investments for around $6,500 TOTAL out of pocket!

According to John Burns' Housing Cycle Barometer, Atlanta housing is ranked as "undervalued in comparison to history" (2.6 on a scale of 1-10, with 10 being the highest risk of housing correction), and only 23% of household income is spent on housing.

Atlanta Facts and Statistics:

• March 27, 2008, CNN Money just released that the Atlanta Metro Area was #2 the country in population growth for 2007!
• Business 2.0/Moodys ranked Atlanta #2 in the top 10 major metro areas that are bucking the national housing trend and are poised for a rebound in 2008

PMI's Risk of Housing Decline Atlanta