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re: Owning a 2nd rental right next door to another thoughts?
Posted on 8/5/17 at 3:50 pm to Fat Bastard
Posted on 8/5/17 at 3:50 pm to Fat Bastard
quote:
DO YOU WANT CASHFLOW OR APPRECIATION??
I would generally agree on cashflow, but I also like to buy properties I can sell if necessary. This is a normal neighborhood type of property, compared to something like a duplex or 4-flex that is ONLY cash flow.
Houses are selling for $110-130 move in ready. The new build that is about 1900 sq feet instead of 1000-1200 like most of the neighborhood is listed for $249. So its kinda in that in between area where its not low enough for a flip and boarder line too high for a good cash flowing rental.
1
Posted on 8/5/17 at 4:37 pm to baldona
Nobody said anything about multi family. You are discussing a SFH. that's what I was referencing. Mine have appreciation right now but that is not what I bought for. Oh and they are in normal neighborhoods also. Sounds like a personal issue that only you can answer for yourself. I've given my take. I wouldn't waste my time on it if it doesnt Cashflow enough and can't flip it. Move on.
Remember. Never let emotion dictate. You are only buying the deal. Nothing more. However. If you want to tie up a bunch of money waiting for it to appreciate that is your choice.
Remember. Never let emotion dictate. You are only buying the deal. Nothing more. However. If you want to tie up a bunch of money waiting for it to appreciate that is your choice.
This post was edited on 8/5/17 at 7:52 pm
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