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Updated almost 3 years ago on . Most recent reply
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Buy one "expensive" home or two "cheaper" homes
Hello Bigger Pockets Community,
I am looking to buy my first rental property in the near future and would love some opinions/thoughts on the following situation:
I have about 50k saved up and was wondering whether it would be smarter to use that as a down payment to buy one SFH in the 250kish price range or use it to buy two separate single family homes each in the 100kish range.
Would love to hear all thoughts and opinions! Thanks!
Most Popular Reply
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@Thor Klein my investing philosophy is to buy the nicest assets I can afford to buy. Asset choice is the biggest thing you can control to lower risk. Nicer assets draw quality tenants that are easier to manage, reduce turnover (the #1 cash flow killer), are easier to exit if needed and have more rent and price appreciation which maximizes your return. Choose quality over quantity. My $.02