Atlanta Rebate Realty LLC - GA RE License #305671
Below are examples of investments made in the last year:
3475 Oak Valley Rd NE #2330, Atlanta GA 30326 - Fulton County
3475 Oak Valley #2330 - 126% Annualized Return
Owned by R Bakare for $272k from 2004
Mortgage by Wells Fargo $218k from 2004
Tax Valuation of $296k
My Valuation of Condo: $200k
Purchased Tax Deed on first Tuesday of August 2009 for $100k.
Tax Deed Investments are superior to the 1st Mortgages. NEVER forget to pay your taxes - property taxes or income taxes. Government is always going to get their share.
Return: $20k Profit in 57 Days based on the 20% GA Tax Deed Statutory Return. Annualized Return of 126.32%
229 Ponce De Leon Ave NE #9, Atlanta GA 30308
$21,000 Purchase Price - Aug 2009
Condo Unit #9 with a Mortgage on it of $144,200
Redeemed by Ocwen Servicing 76 days later as they were preparing for a Foreclosure.
95% Annualized Return in 76 Days.
Scenario: Owner or Mortgage Holder didn't pay the 2007 taxes. Owner isn't able to maintain the mortgage and Mortgage Holder starts to Foreclose. Under GA Foreclosure law though you can't foreclose unless you have full title to the property. Before Ocwen could foreclose they had to redeem our Tax Deed for the GA Statutory 20% Penalty.
226 Long Dr, McDonough GA 30253
226 Long Dr
$51 Purchase Price plus $4k Taxes for 2009. Total Purchase Price of $55k.
Purchased on 12/2009.
Property became owned by investor group on 2/1/2010
Under Contract on 2/11/2010 for $105,500 with All Cash Offer close within 10 days and $5k Earnest Money. Closed on Feb 19, 2010.
Net Profit of $40k in 80 Days for Investment Group - Investors received a 161% annualized return and a 35% absolute return on their investment.
200 Glenridge Point Pkwy NE, Atlanta GA 30342
Call Sam at 404-229-8004 to discuss the details of Investing in Tax Deeds in Georgia. This is a secured investment with an anticipated return of at least 20%.