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Updated almost 7 years ago on . Most recent reply

User Stats

37
Posts
11
Votes
Andrew C.
  • Cambridge, MA
11
Votes |
37
Posts

Selling an Inherited home vs renting for Cash flow

Andrew C.
  • Cambridge, MA
Posted

Hi BP Community.

I am looking for more information on the Atlanta market dynamics. My family has inherited a single family property in College park County, Atlanta Georgia. 

What is this market like? I have been told it is in a rough area. 

I am looking for more information to figure out if its worth the hassle of renting out (poor tenants, CAPEX and property management)

Any feedback on valuing the investment would be greatly appreciated. I am looking to pitch to my family to keep the home because its mortgage free.  However, I am unsure where to start.

Thanks for your help!

Most Popular Reply

User Stats

25
Posts
11
Votes
April C.
  • Flipper/Rehabber
  • Decatur, GA
11
Votes |
25
Posts
April C.
  • Flipper/Rehabber
  • Decatur, GA
Replied

Atlanta varies from one end of the city to the next and the property value is difficult to pin down because so much is happening so fast. But sounds like someone like Matt Wood might be a good connection. Depending on the condition of the house, I would sell the property to an investor or fix it up and sell it while the market is hot. then take the money and invest it in a property near you. 

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