Gwinnett County is a county in the north central portion of the U.S. state of Georgia. As of the 2010 census, the population was 859,304, making it the second-most populous county in Georgia. Its county seat is Lawrenceville. The county is named for Button Gwinnett, one of the signers of the Declaration of Independence.
Gwinnett County is included in the Atlanta-Sandy Springs- Roswell, GA Metropolitan Statistical Area (MSA). Because Gwinnett created one of the first suburban communities in metro Atlanta and with more than a half million people now living here, it has been one of fastest-growing counties in America over past few decades. And with that growth has come tremendous opportunity for real estate investors – especially those focused on innovative investing strategies.
Here are just a few examples:
1) Buying and flipping foreclosures – With so many homeowners still struggling to keep up with their mortgage payments after the housing market crash, there are plenty of foreclosure opportunities available in Gwinnett County. But because this market has become so competitive, you need to be prepared to move quickly when you find a good deal. That means having your financing lined up and being ready to make an offer as soon as you find a property that meets your criteria.
2) Investing in short-term rentals – With all of the new development taking place in Gwinnett County (especially around Infinite Energy Center), there’s been an increase in demand for short-term rentals (STRs). This presents a great opportunity for investors who are willing to furnish and manage properties as STRs. Not only can you charge premium rates during big events at Infinite Energy Center, but you can also take advantage of other local attractions like Stone Mountain Park and Lake Lanier Islands Resort to generate income year-round.
3) Developing new construction – With land prices still relatively affordable compared to other parts of metro Atlanta, there’s been an uptick in new home construction throughout Gwinnett County over the past few years. This presents a great opportunity for developers and builders who are looking to cash in on this growing market. If you have experience developing or building homes, now is a great time to get started on your next project here in Gwinnett County!
Price Index: Atlanta-Sandy Springs-Alpharetta, GA