Atlanta rental not quite cash flowing...
Hi there,
I became a landlord by default 6 years ago when I couldn't sell my house in a the candler park area. I have had a good stream of renters, but with the huge increase in taxes I had last year, I'm definitely not cash flowing now.
My payment is 3000, and I'm having a hard time renting at 3300 (it has been vacant for one week).
I'm wondering if I should hang on, given that it is a hot area,or if I should dump it and buy a cash flowing property in an investment area. I have no attachment to the area.
Any thoughts would be appreciated.
Thanks
Loretta