Asked by Atlrez, Atlanta, GA • Tue Nov 29, 2011
I currently own a home (For 5 years) on the proposed Beltline (the tracks are in my backyard), however I am torn on if I should sell now or rent it out. I am wanting to move to a different part of the city and into a new townhouse. Currently, if I sell the house I suspect I would take up to a $15K loss on the property. And if I rent, I should be able to cover the existing mortgage payment with what homes are renting for in the area.
So should I hold out for the 10 years it may take before the Beltline is complete to hopefully reap the equity rewards it will bring or should I cut my losses now and move on?
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