1. How much equity do I have in it?
2. Do I need the immediate equity cash at closing available to make my next investment?
3. Should I sell this property in the worst Seller's market in recent history and forego some of the profit potential of a sale in a better market 5-15 years from now?
4. Should I rent this property in one of the best rental submarkets of Atlanta and establish a healthy cash flow, while building more wealth as a multiple property real estate investor over the coming years?
If you are interested in a free price opinion, or advice on landlording, please contact my business partner Greg Ruis and I.
I think Lee had a great response! The condo market is one of the toughest to sell in due to the competition and it's one of the worst sellers markets we have had.
If demand is high for rental properties in this area you can get a one year lease on your condo and proceed with your next purchase. Where are you considering looking for your next home?