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Updated over 8 years ago,
1 condo , 2 condos, or 1 house
I have 20 000 cash to put down on my next rental property. I have a couple options I am thinking about. There are some condo's close to me that are selling for around 100 000. There are a couple for sale in the same complex.
Assuming that the cash flow numbers are the same what would you do.
Should I buy 1 condo by myself? Should I buy 2 condos split 50 50 with a partner. Or should I buy a $200 000 SFR split 50 50 with a partner.
I know that I need to run the numbers on all of them but in general is there benefits to going in with a partner when all the numbers would be basically the same?
Hopefully this question isn't worded to terribly.