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Updated about 1 year ago,

User Stats

7
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11
Votes
Vinay M.
11
Votes |
7
Posts

I'm kind of stuck on having one safe property for cash flow or investing in multiple

Vinay M.
Posted

I am starting out as a new investor and want to manage and have the least risk as possible. I have found that having a Class B or A property in a good neighbourhood will have less cash flow but will be safer and less rent turnover. The problem is I can't afford multiple of these and don't want to flip or refinance for a newer home doing 1031 exchange or anything else. Can anyone kind of guide what I should do and if having one cash flowing property is good enough? 

Also, I don't know much about house hacking but if I can't find tenants that's a huge cost that I don't want to incur or risk incurring. What is the best strategy for a low risk constant cash flow? I don't have a certain budget range yet but no more than 350000

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