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Updated over 5 years ago, 06/03/2019

User Stats

6
Posts
4
Votes
Gamaliel M.
  • Atlanta, GA
4
Votes |
6
Posts

Keep old Townhouse as Rental or Sell and Invest in Syndication

Gamaliel M.
  • Atlanta, GA
Posted

Hi all,

Currently living in a townhouse in Tucker, GA right outside of Atlanta purchased for 160k and recent sales in the subdivision have hit 300k which would give us approx 170k of equity. My wife and I plan to move to a bigger house next year and I'm undecided whether to sell the townhouse, invest the proceeds in a syndication or keep the townhouse as a rental and self manage. Cashflow would be about $1000 a month accounting for maintenance and vacancies.

I meet the qualifications for an accredited investor and have a strong interest in multi-family in the long term so that leaves me with a lot of options. I've received advice from both sides saying SFR is a good way to cut your teeth in real estate investing to don't waste your time on SFR, , if you have the cash start big. What are your thoughts? Thanks ahead of time!

Marcus

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