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Updated over 8 years ago on . Most recent reply

User Stats

50
Posts
23
Votes
Loretta C.
  • Specialist
  • Denver, CO
23
Votes |
50
Posts

Atlanta rental not quite cash flowing...

Loretta C.
  • Specialist
  • Denver, CO
Posted
Hi there, I became a landlord by default 6 years ago when I couldn't sell my house in a the candler park area. I have had a good stream of renters, but with the huge increase in taxes I had last year, I'm definitely not cash flowing now. My payment is 3000, and I'm having a hard time renting at 3300 (it has been vacant for one week). I'm wondering if I should hang on, given that it is a hot area,or if I should dump it and buy a cash flowing property in an investment area. I have no attachment to the area. Any thoughts would be appreciated. Thanks Loretta

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