New Website:
Mike Fitzgerald Realty recently launched a new website to help you find foreclosed properties available on the MLS and at auction.  Visit GAForeclosureSearch.com to view over 100 homes under $15,000!

Bankruptcy Sale REDUCED! $295,000
Best deal in the portfolio.  This 5-bay coin operated car wash is located in East Cobb and has a positive cash flow even in bankruptcy.  Purchase at a discount and renogotiate the billboard lease for a tremendous profit..  Click here for full information.

Atlanta Land Report:

We are compiling a report detailing land sales in Metropolitan Atlanta for 2007 and 2008 lisitng average price per acre by use as well as total transaction volume by county.  Click here to reserve your Free Copy now.

$8,000 Tax Credit Not Just for 1st Time Home Buyers 
 Monday, February 23, 2009

We''''re still trying to find all of the goodies in the $787 billion dollar stimulus bill that President Obama signed on Tuesday, but the details of the New Home Buyer Tax Credit appear to be the shot in the arm this real estate market needs.

The new law refers to the tax credit as a first-time home buyer tax credit, but the law defines a first-time home buyer as someone who has not owned a primary residence for three years prior to the date of purchase of the new home.  That''''s not what most people thought first-time home buyer meant, but this new definition opens up the tax credit to many more buyers.

So here is what you need to know in a nutshell:

1.  The home must be purchased between January 1, 2009 and December 1, 2009.

2.  The home must be your primary residence.

3.  The person buying the home must not have owned another primary residence for at least 3 years prior.

4.  The $8,000 is deducted from the money you owe the federal government when you file your personal tax return in April of 2010.  (Your tax bill will be reduced or you will get a refund or both even if your total tax liability doesn''''t equal $8,000)

5.  Here''''s the catch:  You must live in the home as your primary residence for at least 3 years or you''''ll have to pay the credit back to the federal government (exceptions might be made for death or divorce).

Sales Activity Down but Leasing is Strong 
65,000 +/- SF Warehouse For Lease on Moreland Ave
Due to rapidly falling prices, it''''s hard for buyers and sellers to get together and make a deal happen.  Add to that the tight credit markets and it''''s no wonder many are looking to lease instead of buy in this market.  If you''''re considering leasing property, give us a call today at (404) 603-5460

Our mailing address is:
1465 Northside Dr, Ste 220-C, Atlanta, GA 30318

Our telephone:
(404) 603-5460

Copyright (C) 2008 Mike Fitzgerald Realty, Inc. All rights reserved.