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Wesley Coleman
  • Atlanta, GA
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Vine City/ English Ave NEED ADVICE

Wesley Coleman
  • Atlanta, GA
Posted
I have 2 properties under contract in the Vine City/ English Avenue neighborhoods. Mostly all the homes are dilapidated/abandoned or poorly maintained with low income rentals. There aren't really enough comps in the area to get an accurate idea imo but I think the $125-150k range is reasonable. Is it best to buy and hold until further developments are present, or does a fix and flip seem realistic? I appreciate all comments and advice

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Rick Baggenstoss
  • Developer
  • Decatur, GA
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Rick Baggenstoss
  • Developer
  • Decatur, GA
Replied

Flip fast or don't start them.  You *may* lose a lot of materials along the way.  Having crews working almost 24x7 is the way to go.

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