Makes sense if the GA market is anything like NJ right now. Oddly not a lot of REIT or flipper interest around here, but I’m seeing another property in the mid $100k range on Monday (estate sale) that will rent at 8-9% pro forma.
I think that the high RE taxes in NJ are actually a good thing for mom n pop investors looking to rent out – they’re poison to flippers. Also poison to institutional investors who prefer not to think about assessments that can vary unpredictably from area to area.
