Fix and Flip or BRRR investment ??

[Juda Aqua]

Family member has older home for sale.

it is a Small 1 family 2 bedroom 1 bath approximately 1000 sq ft

House is located on a main road in Atlanta metro but has almost every negative issue going for it including tax lien, foundation & roof damage, overgrown trees and city code violations. 

How do i determine if it would be better to fix and flip , BRRR or tear down and sell lot?

I am a new investor and could fund the project just not sure if it would be worth it. What should i be considering? ..Thank you for reading and any advice.

[Darius Ogloza]

(1) determine cost to get the property into good repair and resolve liens

(2) determine resale value of the property

(3) determine fair market rental rate for the property

(4) determine demo cost and resale value of lot 

(5) compare value to you of (2) versus (3) versus (4) and act accordingly