How to decide whether to Fix and Flip or Buy and Hold? Atlanta

[Megan Elise McIlvaine]

I would like to know how the characteristics and elements of a property that investors look at before deciding to Fix and Flip or Buy and Hold?
Also, for the Atlanta investors out there, do you notice the real estate investors within your network investing in one strategy over the other? If so, which and why?
Thank you all! 

[Kevin Dougherty]

We fix and flip in areas where homes are selling daily, weekly and monthly. Worst house in good neighborhoods. A good realtor can help you with this because it takes good metrics to make money in fix and flips and not loose your shirt.  The realtor can help you with property comparables, days on market, how much available inventory in your market (your competition), how much to to improve your target property (you don't want $1000 faucets in a home where the other homes that were recently rehabbed and have recently sold had $300 faucets, etc...). A good realtor knows what is working in their markets and what is not so you should have one on your team as a trusted advisor.

Buy and holds are a whole different dynamic, every investor has their own tolerance for what they want in buy and holds... some like cheaper property that have good cash flow today and do not appreciate that much over time and others are willing to accept less cash flow today from more expensive property but theses homes appreciate more over time. Some like 2 bedrooms properties because it will have less people living in the property and hopefully less wear and tear and others like 4-5 bedroom properties because they will collect more monthly rent (hopefully).