I am part of a team that wholesales single family properties to investors in Atlanta area. We are looking in other areas in Atlanta, however, our primary market is Decatur area. A small 1,100 square foot rehabbed property became available about a month ago for 95K, ARV 150K. What a cutie? The owner updated the property with central air/heat, alarm system, tile bathroom, stainless steel appliances and granite fireplace. The home was built in 1951 and already has great refinished hardwood floors. I tried to make this work as a rental but I couldn't fight the numbers. The biggest problem are the taxes. This property is not in unincorporated Decatur They were a whopping $2,400 last year. I did a quick market analysis for rentals in that area and I figured I could rent it quickly at $750 per month. Here is the situation! I need to buy the house for 20K less to just break even. I cant live without cash flow. Even though its a 65% LTV. I had to let this house go. If you want more information about this house. It would be perfect for a FTHB or someone who is willing to wait for rental prices to go up in the area.

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