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Updated about 4 years ago,
Occupied Property or Unoccupied Property?
This is my first investment and I am currently looking at 2 rental properties. I am struggling to make my decision as to which property I should choose. One of the properties are occupied with a tenant that has been in the unit for over 10 years. It needs about $5000-$6000 in order for me to get the current rent rate and cashflow. On the other hand the unoccupied unit needs about $1000 to do some touch up and have a greater cashflow than the occupied. I struggle to make because an investor suggested to get the unit with a tenant with years because it's already a functioning business.
Any suggestions?