to sell or not

[Thao Le]

Hello community,

I have a townhouse in Atlanta GA, bought for $100K and can probably sell for $150K. It used to be my primary residence but I moved to AK, and have been renting it for about 3 years now. My family lives there so I don't cash flow at this point, but they are moving out. I'm at a cross road of whether to sell or rent it out. I can probably cash flow  about $200/month if I rent it out.

Thank you so much for your help,

Thao

[Karen Barber]

I always look at 3 things, cash flow....can the house support itself & what the market trend is, if it is going up, large businesses moving in etc....& finally, can I afford to continue with the property or do I need it for a future investment.

If I need the money for my new residence, then obviously sell & roll it over to the new house.

If there any new businesses that are moving in, schools, neighborhoods etc. Sometimes, we might break even or even be at a small negative while development is going on. It is a risk, a gamble, but it might pay out. 

If there is nothing slated as far as development in that area, it might be best to get rid of.....but if you have a huge company moving in mid 2016, it might be risk to hold.