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Updated about 3 years ago on . Most recent reply

User Stats

18
Posts
8
Votes
Frank Vettese IIi
  • Real Estate Agent
  • Michigan
8
Votes |
18
Posts

Who’s investing in Macon, Georgia?

Frank Vettese IIi
  • Real Estate Agent
  • Michigan
Posted

Success stories? Heard from an investor from Lake Tahoe, Nevada that it has been good for holds.

Most Popular Reply

User Stats

25
Posts
29
Votes
Shannon Smith
  • Forsyth, GA
29
Votes |
25
Posts
Shannon Smith
  • Forsyth, GA
Replied

Hi guys, I have 2 rentals in Macon, GA.  5 total in Middle GA.  My husband and I lived in Macon for over 10 years.  It's not as good as it once was about 7-8 years ago and you have to be super careful about the area you buy in.  Just about every good area has a bad area not too far away. That's just the reality of an area where the median household income is below the poverty line.  That being said, we do have Mercer University, the Medical Center aka Navicent Health, and GEICO which is middle GA's largest employer.  It's harder to find deals now because most auction deals require your purchase to be all cash.  Most lenders in GA will not lend on less than 50K so you're looking at a sweet spot on 60-70K if you can find the deal unless you have cash.  Is there something in particular you're wanting to know? I'm happy to share my knowledge if it will help.

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