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Updated over 10 years ago,

User Stats

14
Posts
0
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Decorium Johnson
  • Investor
  • Atlanta, GA
0
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14
Posts

Buy and hold or flip

Decorium Johnson
  • Investor
  • Atlanta, GA
Posted

hello bigger pockets members i have a question on how to handle a property of mines i purchased the property for 23k in atlanta camp creek/Ben Hill area this is my 4th property acquired so far and loving the fin. freedom. I do this in my free time to set up for better future ok guy's lol retirement time is flying by so here are the numbers nice brick ranch/rambler built in 1959 renovation cost to the penny 11,237.00 dollars today this property is free and clear also taxes are 996 as of 2013. nice area near airport i currently rent for 1250 a month insurance is 601 annually and since renovation in late 2013 no repairs as of yet thank GOD everything is pretty much new throughout utilities are renters responsibility and i manage the property right now i believe in doing it right the first time and quality makes a diff. I'm in the process of doing a full gut job on a property i purchase last year with est repairs about 30,000 grand should i refi or sell since similar homes and comps are now between 100k-120k its only 2 homes in this neighborhood for sale right now ? thanks always on the hunt for my next Deal