Savvy Real Estate Investments for 2010

Vacant residential lots are looking better and better to real estate investors.  Why? The cost of a finished, ready to build lot, can cost a developer about 25 percent of the finished home price. There are a number of these ready-to-go lots on the market at about half what they actually cost to prepare. Investor groups are snapping them up, figuring that the time will come soon when they will be in demand.

PLACES TO LOVE: SANDY SPRINGS VILLAGE

Looking for an upscale home at foreclosure prices?  Sandy Springs Village subdivision maybe just the place for you!  Located on Glenmanor Court near Glenridge Road and Johnson Ferry close to the heart of Sandy Springs, the Marta Train, and GA 400, Sandy Springs Village will allow you to easily get around Metro Atlanta.   Beyond the convenient location of the Sandy Springs Village real estate, you will love the lavish custom features.  From the over-sized master suites with spacious sitting rooms, fireplace, spa-styled bath and balcony to the gourmet kitchen with granite countertops, Sandy Springs Village is a must see for its deeply discounted prices.  These stunning brick homes also feature 4 - 6 bedrooms, terrace/basement levels, balconies, stacked stone fireplaces, hardwood floors throughout main floor, stereo surround sound pre-wiring, and many other treats for any homeowner.  There are also vacant lots available to purchase that start at a fraction of what they used to cost.

Help for REAL ESTATE INVESTORS Looking to Flip Homes

Federal Housing Administration is changing what is known as the “anti-flipping rule” to speed up sales of renovated homes in communities with too many bank-owned and foreclosed homes, says FHA Commissioner David H. Stevens.  Beginning Feb. 1, 2010, the Federal Housing Administration will provide mortgage insurance for some purchases in which the seller bought the property and held it for fewer than 90 days.  This is great news for investors that want to rehab a home and sell it to a buyer that wants to receive the Homebuyer Tax Credit before it expires on April 30, 2010 (view this link, http://www.marealtor.com/content/Homebuyer_Tax_Credit.htm, for more details on the tax credit).