Updated about 9 years ago on . Most recent reply
Questions to ask a RE Agent
Hello. I am a newbie investor. I actually have have more than one question, so please bare with me. I own a property in Lawrenceville, Georgia, but I currently reside in California. Before I knew anything about BiggerPockets, my husband and I leased our home to his co-worker from when we lived in Georgia, who turned out to be a horrible tenant(didn't seem that way at first) WITHOUT a property manager. I am currently in GA right now to evict the tenant and begin cleaning and fixing up or property. My husband and I have gone back and forth whether we should keep the house and get a property manager, because we feel it will be worth more to us to keep it, or to go ahead and fix it up and sell it. We would like to continue to invest in GA at some point, but are discouraged because of the distance. So, my first question is: should we keep it as a rental? why or why not? and my second question is, if we sell it, what kind of questions should I ask the potential RE Agent as newbie investors seeking to find an agent that has experience with REI's. Thank you!!
Most Popular Reply
You need to run the numbers to see what kind of return you will get as a rental or flipping it. That's the first step.