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Updated 3 months ago on . Most recent reply

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Thomas Haessig
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Which offer should I go with?

Thomas Haessig
Posted

I have two accepted offers to buy and house hack. One is fourplex near downtown of Union city new jersey and the other a duplex in jersey city heights neighborhood. The fourplex looks like it going to cash flow much sooner but the duplex appreciate more? Does anyone have experience with this and have a suggestion of which to go with? Can provide more specific details if interested in helping.

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Tim Delaney
  • Buffalo, NY
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Tim Delaney
  • Buffalo, NY
Replied

It sounds like a more personal decision based on your goals. The quicker cash flow may allow you to scale quicker if that is what you want while the better appreciation could increase your net worth more over time. How certain of the appreciation are you would also play into that question.

Run some scenarios on what you could do with the extra cash vs what you stand to gain from the appreciation play and decide based on that and your goals.

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