Georgia is one of the fastest growing economies in the nation and is home to over twenty Fortune 500 companies such as UPS, Home Depot, Coca-Cola, Delta, HD Supply, Aflac, and SunTrust Banks.While the variety of industries is a definite sign of a thriving economy, this is further confirmed by the significant employers in Georgia and the state’s massive $435 billion GDP. These employers include the state of Georgia, WellStar Health System, Fort Benning, Emory University, Georgia Power Company, and Lockheed Martin.
Investors are approaching Georgia for real estate opportunities because of the healthy economic conditions, which in turn is attracting skilled workers to the state. Although there are profitable real estate markets throughout Georgia, some of the most active markets include Atlanta, Augusta, Columbus, Savannah, and Macon.
What is a 1031 Exchange?
If you opt for a 1031 Exchange, you should understand the basics of 1031 exchange. 1031 Exchange enables an investor to sell a property and reinvest the gains in a brand-new property and to defer all capital gain taxes.